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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 10 hours ago

Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment

futurism.com

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Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment

futurism.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 10 hours ago
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Bitcoin's plunge has made it far less economical to mine the digital token. Some companies are starting to unplug their equipment.
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  • Carl [he/him]@hexbear.net
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    4 hours ago

    damn it peaked at 125k last time.

    Every time this happens I hope it’s the final one, and so far every time I’ve been disappointed.

    • whiskers165@lemmy.ml
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      3 hours ago

      I think you might wanna get ready for more disappointment, say maybe two or three years from now

    • CanadaPlus@lemmy.sdf.org
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      3 hours ago

      Quantum computing will eventually make specifically Bitcoin worthless. Eth at least gets upgrades, so it might survive.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      3 hours ago

      same

  • LENINSGHOSTFACEKILLA [he/him]@hexbear.net
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    5 hours ago

    these posts always make me laugh and feel good and want to check in/snoop on some past acquaintances, or at least check the obits.

  • iByteABit@lemmy.ml
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    6 hours ago

    Nature is healing

  • _deleted_@aussie.zone
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    7 hours ago

  • 🇵🇸antifa_ceo@lemmy.ml
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    9 hours ago

    Finally. Let us be free of crypto please.

    • enterpries@sh.itjust.works
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      5 hours ago

      Yeah. Let’s give banks all the power.

      • ea6927d8@lemmy.ml
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        5 hours ago

        Like they don’t already have it?

        • enterpries@sh.itjust.works
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          5 hours ago

          Stay in school.

          • wholookshere@piefed.blahaj.zone
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            3 hours ago

            serious question, what power has Bitcoin gained away from banks?

            • geneva_convenience@lemmy.ml
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              1 hour ago

              You can report critically on Israel without being debanked from Bitcoin. https://www.mintpressnews.com/german-journalist-potter-israel/289421/

            • enterpries@sh.itjust.works
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              3 hours ago

              It’s not just bitcoin, but cryptocurrency in general enables decentralized transactions and some of them even maintain anonymity for users.

              • wholookshere@piefed.blahaj.zone
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                3 hours ago

                until you need actual cash, in which case you give your identity to any reputable exchange.

                also who actually benefits from “decentralized” transactions? specifically who and how.

                also, that anonymity is what cash is for.

                • enterpries@sh.itjust.works
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                  3 hours ago

                  until you need actual cash

                  Crypto can replace cash if more people use it.

                  also who actually benefits from “decentralized” transactions? specifically who and how.

                  Everyone that doesn’t benefit from the surveillance state.

                  also, that anonymity is what cash is for.

                  How are you going to exchange cash across vast distances quickly and anonymously?

    • sun_is_ra@sh.itjust.works
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      6 hours ago

      You are free of crypto.

      no one is forcing you to use it

      • 🇵🇸antifa_ceo@lemmy.ml
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        39 minutes ago

        Crypto is just a speculative asset used to trick people into gambling their money on unregulated markets. Fuck you. It has no actual use in society beyond that and if you scree otherwise you’re just coping.

      • ShinkanTrain@lemmy.ml
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        4 hours ago

        Tell that to my arms dealer.

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