Crypto currencies 101.....for us neophytes.

[2kDoo]

Pm me if you want to get some more for a better "bulk" price. I'd be interested in buying some raw gold too

Im going up with cash. If you trust me sure I'll buy ya some too homeslice

 

[BILTIT]

Today...

 

[BILTIT]

...

 

[BILTIT]

...maybe?

 

[snopro]

Seeing that our county has had a lot of requests for startup Bitcoin mining farms in its territory but is getting a lot of opposition from ratepayers at County council meetings. What exactly is a Bitcoin Mining farm and how is that going to impact neighbours?

 

[lilduke]

Seeing that our county has had a lot of requests for startup Bitcoin mining farms in its territory but is getting a lot of opposition from ratepayers at County council meetings. What exactly is a Bitcoin Mining farm and how is that going to impact neighbours?

This is a Bitcoin mine. They use a lot of electricity. But other than that it is just warehouse, you'd even never know whats inside.

 

[snopro]

This is a Bitcoin mine. They use a lot of electricity. But other than that it is just warehouse, you'd even never know whats inside.


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Thanks Dan. If they pay their power bill I don’t see what the problem would be?

 

[lilduke]

Thanks Dan. If they pay their power bill I don’t see what the problem would be?

Thats what I think too. Some people dont like it because it is "bad for the environement"

So is Visa or Master Card. They use a lot of electricty too, but they can get away with it I guess...

 

[BILTIT]

I think the problem is more the infrastructure for the power consumption. Many places are not setup to handle that much power usage.

 

[lilduke]

Setting up in the right place, is part of the process forsure.

 

[snopro]

Setting up in the right place, is part of the process forsure.

Yeah our county may not have the proper infrastructure or grid needed for intensive mining.

 

[Pistonbroke]

This is a Bitcoin mine. They use a lot of electricity. But other than that it is just warehouse, you'd even never know whats inside.


View attachment 257625


View attachment 257626

In the right location, fine. I know of one that has three big fawkoff generators blazing away feeding two shacks kind of like this that is close to a nice property. Between the gens and the computer fans, it's a hell of a droning sound, 24-7!

 

[TylerG]

In the right location, fine. I know of one that has three big fawkoff generators blazing away feeding two shacks kind of like this that is close to a nice property. Between the gens and the computer fans, it's a hell of a droning sound, 24-7!

I know of a few places that are running BIG generators that are just for Crypto Mining....... Like 3416 CAT Big.

 

[lilduke]

In the right location, fine. I know of one that has three big fawkoff generators blazing away feeding two shacks kind of like this that is close to a nice property. Between the gens and the computer fans, it's a hell of a droning sound, 24-7!

No right beside your house would be best


Probably lots of industrial activities you dont want beside your place. Thats why we have zoning for industrial, commercial , residential, farming ext ext.

I aint in charge of that though, talk to your local guy! Haha

 

[BILTIT]

Coinbase users unable to withdraw to bank accounts | Cryptopolitan

Leading cryptocurrency exchange Coinbase seems to be facing an issue with USD withdrawals. Some of the customers are complaining that they are unable to

www.cryptopolitan.com

 

[BILTIT]

Embattled crypto lender Celsius informs state regulators that it’s filing for bankruptcy 'imminently,' source says

Cryptocurrency company Celsius has filed for bankruptcy.

www.cnbc.com

 

[BILTIT]

You ready for it....?

 

[BILTIT]

Word is watch Tether...

 

[Med1ogre]

The only place for tether to go is down, that's if it loses peg with the dollar.
If your looking to park funds I would go with usdc before tether

 

[niner]

CEO of Bankrupt Voyager Sold $30M in Company Shares Near Stock’s Peak in 2021: CNBC - Decrypt

Voyager Digital CEO Steve Ehrlich sold $30 million worth of company shares last year, according to the Canadian Securities Administration.

decrypt.co