Yeah, clean†, renewable‡ coal! https://worldpopulationreview.com/country-rankings/bitcoin-mining-by-country † https://arnika.org/en/news/kazakhst...e,Organization and Kazakhstan's own standards. Kazakhstan's air pollution: new study blames dirty industry ‡Bury fiat currency, wait a few million years, and you will get coal.
I didn't get a reply as it looked like a trick question, but it's not I did not read the articles, only the titles I wanted to ask 2 follow up questions, 1. Why the Kazakhstan government not stopping this? and 2. There seems to be abundant coal available in Kazakhstan, why is it not being sold or used to produce something more profitable than Bitcoin mining? The 2nd one is rhetorical, no one wants to buy the coal or there is not enough buyers of the coal or the energy produced from it that is more profitable than selling to the Bitcoin miners as I mentioned on my previous post Bitcoin miners are paying customers, not leeches or parasites. They setup infrastructure, large data center warehouses, employ a bunch of people, purchase from local suppliers and contractors helping the local economies But hey, you don't want them, go to the government and complain and kick them out, it happened in NY, they leave where they are not wanted To be honest, there is too much concentration of hash power in the US, vote to have them kicked out so it can be more decentralized in Russia and China and Kazakhstan 400 Million Trillion Hashes per second of computing power for the security of the Bitcoin network A lot of capital in hardware and infrastructure and electricity by the Bitcoin miners for the chance to earn some magic internet money, lol
Good Uptober Morning from Asia! I woke up 2 hours ago and bitcoin hit $28k, nice green candle today Are you still long? It was rough a few weeks ago, I don't blame you if you got stopped out, I almost got liquidated and got out and got in again with a profit, now my latest position in profit
Good evening to you from what was once considered the land of great opportunity. You mean this trade that I've posted way back? Yup, still in and I plan to hold it now. Good luck to ya as well.
We gave back most of our gains yesterday... Still above $27k, tho, not bad I read that Japan is going to be buying bonds or something like that, intervention ycc. That means money printing liquidity going into the global markets Might be good for bitcoin price ngu since bitcoin is a global asset it can soak liquidity from anywhere, this happened in the beginning of the year when China was injecting liquidity LFG!!!
Hmmnn, et tu China? And this is during the most bullish period for bitcoin Oct-Dec Buckle up! Maybe $50k+ by end of October
Just an update, closed my $Trb position, added to my $Rune position, today Planning to do some yield farming (Liquidity Pool) on $Rune NFA