This is pretty much how most college and university student live. You can live in a private on campus room but it’s very expensive. So many just rent a room in a big house.

They split the rent and usually it’s cheap however you need to understand you are going to be living with 4-5 different people and will have no privacy more or less. And you will probably have a hard time finding good room mates who don’t make too much noise all night.

If you took a loan before all this covid mess or during the covid panic low when interest rates were very low then obviously it was a smart decision. Especially if you got the interest rate locked in. Most likely you will get a raise and will be able to pay it off earlier so it’s like you are under paying.

However now getting a loan is different. Especially if you want it unsecured. And even a secured loan like a car or house is expensive with the high interest rates. I guess this is the point to cut down on inflation.

People are asking whether the stock market bear market is over also. There are reports since it already rallied 50% from its lows and highs, then chances are the low was already set and we won’t go lower. Same situation with crypto more or less.

Does it mean the low was in? Depends on market data. If we see low CPi prints and fed will stop hiking then most likely the low was set.

I don’t think $23K has much resistance. If you pull up weekly chart you will see we briefly touched $25K resistance which was old support.

Right now the market won’t go much higher until ETH merge and MtGox coin distribution. Plus it’s still summer and low liquidity. We will chop around this area for the next few weeks. At least until CPI prints and fed rate decision.

Yes you will start mining Ravencoin and so will hundreds of thousands of other people. The daily miner reward will still be the same but 10x more hashrate, so in the end you get 10% of your previous profits.

Nobody seems to understand this. Everybody is saying “it’s ok if ETH goes POS there are so many other coins out there”. They don’t realize most aren’t mineable and those that are the profits are very little.

Yes but what is scary is that many new miners don’t know what will happen. They don’t know that the daily supply of a coin is capped. So if more people mine it, it needs to be split eventually according to hashrate.

Right now many coins which are GPU mineable are still profitable however that will quickly change right after the merge. We will see tons of people liquidating GPUs that nobody will want to buy pretty much, unless they are gamers.

I think the only reason why Tron is used today is most likely due to the USDT payments. They are super cheap on TRON network and many exchanges support deposit/withdraws by TRON.

ETH fees are cheap now but in the past you had to pay like $50 to do a single usdt transfer. So many used Tron for that. There is the Omni on Bitcoin which is also cheap but long wait times. Hence why Tron is very useful.

If they are using 100 watts in total that is exactly 1.1kwh every hour. There are 24 hours in a day so about 25kwh daily and 30 days in a month so like 750kwh. This is just at the top of my head.

If you got a bill for 3200 kWh it’s due to the air conditioner. They use at least 1500 watts each. So if you run them all day, they use more power than your rigs.

Then you got a stove and lights and what not.

I am pretty sure the reason why they apply a certain membrane between the layers of land fill waste is to contain that methane release.

They dump the garbage and after a few weeks they cover it up so it doesn’t produce methane. They add a thick layer and they pile more garbage on top of that and eventually also cover it up. The bigger issue with landfill is the toxic liquids that are released and harder to control.

At first when I read the subject I assumed it was some joke article but then I read and it turns out it’s for Nigeria so it makes sense.

People in USA have it pretty good with 8-9% inflation. Those in other countries have it much worst at triple digits. However I think world wide inflation has peaked and will go down from here.

There were a few hours during that Luna collapse where it traded maybe >5% difference between the $1 value. However it was mostly due to fear that USDT was similar to UST however its completely untrue.

Usually it always trades with a slight premium or discount, it always did. However the discount is so little you can't even arbitage it. So it is pretty liquid and stable in my opinion. There is just too much tether FUD out there.

Before I clicked the topic I was expecting a link to some scam product which promotes some trading course. However what I read doesn't really make any sense.

People who trade futures aren't on a salary. Their job is mostly performance based. If they trade poorly they don't get any money. If they have a good month then they might get a bonus. However I haven't heard of any future trader who gets paid hourly.

Don't understand the reason for this post to be honest. No idea what he is trying to promote.

I don't think the lack of maintainance of a PC case is the reason why GPUs fail. They generally usually only fail due to a manufactuering defect. The only component that a bad case can have on a GPU is the fans can die quicker because they spin faster and longer. On the bios there are safe guards to shutdown the GPU if the temperature gets too high or start throttling.

Right now it doesn't really matter because in exactly 1 month the merge is happening with Ethereum. Which means no more mining. You will need to switch to other coins which have a very small miner reward compared to ETH.

Most likely the profits will tank severely and many will quit mining altogether due to this. Before upgrading your gear you should wait a month or two and see how things turn out. However it might be the end of GPU mining as we know it.

Most likely reason is that bitcoin is just way too expensive. There are some people that think you can only buy a complete coin and can't buy partial amounts similar to stocks. So most people cant afford to spend $25K on a single coin.

Another reason is that people want to make >500% gains. How much can you make off bitcoin now? It might double or triple. If you invest $500 into bitcoin you will only make $1000 profit if it triples. People want to invest $500 and come out with $50,000. So they invest in all these small cap projects.

Yes i think this is what most people are expecting to happen. $30K was strong support and it will most likely be strong resistance.

Depending how Bitcoin acts when we reach the area could determine whether we will bottom out at $17K or head lower. $29K would be a perfect short since most want to short at $30K.

Most likely he wasn’t scammed but on his exchange price didn’t hit his limit order. With crypto there can be sometimes $50 spreads between exchanges especially during pivots. Usually when price hits a pivot it’s hitting stop losses and it varies between exchanges, that’s why on a normal day the price is similar with most exchanges but the daily low or high can vary greatly.

It’s sometimes sucks because you were so close in selling but a couple dollars off from taking profit and trade reverses. It happens, just wait and maybe Bitcoin will go higher and hit your order finally.

The biggest test this month will be what happens to Bitcoin when the MtGox coins are finally distributed. I think this is the reason why ETH is stronger than BTC because many are worried about the large supply hitting the market and causing Bitcoin to head lower.

So we will most likely trade in these areas until the coins are released. And then depending how the market holds up we will continue on from there. Hopefully many won’t sell and will hold on to their bitcoins.

Besides Shiba, which in my opinion is not a good long term investment to begin with, I don’t recognize any of your tokens. I would just sell them all.

The only decent Long term holds besides stablecoins are Bitcoin and Ethereum pretty much. The rest I can see becoming worth less. Especially if this bear market is not over yet.

We are rallying because the numbers coming from the fed are positive. Last week we got 0% inflation and the markets rallied. This implies that the bond markets were correct going back to late June in predicting how much the fed will actually hike.

Since crypto follows stocks, this is why we are also rallying. However keep in mind if we get bad news such as surprise hike or high CPI next month then things can quickly reverse.