First of all Biden has nothing to do with USDT or USDC. And he doesn’t even have much to do with USD that is mostly by the Federal Reserve.

I don’t think the USD will be replaced as a reserve currency. Sure Powell said something about there being more than one currency however I think that is years ago from now.

Keep in mind that USDT or USDC is centralized, it can be frozen unlike Bitcoin. So know this if you are a holder that there is a certain degree of risk.

Yeah I was watching the markets when all of a sudden crypto and stock markets are going down rapidly. Then I checked the news and they said they blew up a nuclear reactor. However as time went on there was more and more reports coming in that the news is false.

Basically some admin building caught fire and not the reactors. I think the reactors are down. And the markets pretty much reversed most of the moves.

Either way, not smart or normal to have a war zone near a nuclear reactor. No idea what is going thru their minds.

I actually remember Feb. 2017 very well and I actually also was looking to sell some Bitcoin if it broke the previous ATH which was like $1100-1200 or so.

Reason why was because everybody was bullish about that Winklevoss ETF and they were 99% sure it was approved and everyone was buying. But I sold some right before the decision knowing that there is a chance it won’t be approved and I’ll go down to like $800 again.

Well it wasn’t approved and Bitcoin did go down but a few weeks later it broke the ATH anyways. And the rest is history.

It looks like it has stabilized a little. Currently sitting at 100 per USD for many exchanges. I think the efforts that they took such as making interest 20%, injecting money into the economy and preventing selling of foreign currencies is helping. At least temporarily.

The stock market and everything in the USA seems stable too. The only thing that is ripping higher is the price of crude oil which hit $120 an hour ago or so.

This is pretty bad since we were around $80-90 a few months ago. And with inflation where it is this is going to hurt many people. Especially when it’s Time to buy gas.

If they do reopen the coal plants then it will have to be temporarily, they can’t use it long term. Think of all the work that was put in recently to protect the environment and now they will open up the coal plants? I guess it’s better than shortages and a cold winter however there needs to be a better alternative.

This war only went on for 1 week. Who knows, maybe by the end of next week or next month some agreement can be made and all of this will be reversed. At least for next Winter.

Like the poster said above, those countries just won’t have enough supply to meet all the demand in the middle of winter.

I looked at these in the past however one thing I learnt is that this isn’t entirely accurate. There are different levels of money supply out there apparently.

In the chart you posted below, I think it’s only the physical fiat circulating supply. It doesn’t include the fiat from certain investments or if someone goes to the bank and gets a mortgage for $1M. I’m not an economist so maybe someone can do a better explanation.

Well the recent fud was the russian invasion. Remember last week when stock market futures and cryptos crashed over night. People were predicting the stock market would have to get halted. Then when the stock market opened we had a huge rally and another huge rally the next day.

Many retail traders probably put in market sell orders for their stocks before the open, and that’s why we got the huge gap down and completely reversed. This is one example why you shouldn’t believe too much into FUD.

Who knows if they will actually collapse. Putin is crazy rich. He might actually be the richest person on the planet. Unlike Elon or Bill Gates he is private with his wealth. He doesn’t show it off. However he has tons of money and so do all the rich Russian people near him.

If the banks are in trouble he can easily bail them out. Or they can be bailed out with money from his friends. So this is why I don’t think they will necessarily go default. Lots of fake news out there. Don’t believe everything that you hear.

It seems to be stabilizing at around 104 rub per USD. The reports over the weekend were something crazy like 150-175 rub per USD. Either way, never seen a currency lose this much value in such little time. This is some record.

Now here is what is interesting. If you go to Binance, the rate is 94 rub per USD. Why is that? Basically seems like an arbitrage opportunity. However I am guessing is due to fear that you won’t be able to transfer those RUB out due to sanctions. If it was easy then obviously the arbitrage wouldn’t be there with such a huge spread.

Yes I remember when that report came out and I don’t think it’s actually that high. I think they are over estimating that figure and they didn’t even provide proof that they owned that much. Either way I do think they own large amounts of crypto however.

Before all this started they were pro Bitcoin this and pro Bitcoin that. So most likely they bought it well in advance knowing they would need it in times of sanctions.

Bitcoin rallied almost 20% today and many think it’s because the Russians are selling Rubles to buy Bitcoin. However it’s hard to see if this is true because there is no data to back it up.

The Sanctions are very harsh. Happening everyday. Even today Volvo said they won’t sell cars to them anymore. And there are more and more Sanctions added every few hours it seems. Even the new Batman movie won’t be play in Russia.

I think this will mostly hurt the poor as the rich were probably well prepared in advance. And most likely Putin prepared for this move many months or years ago. So who knows? I am assuming they got a secret stash of cash or gold somewhere laying around to survive. I only feel bad for their hard working citizens which don’t deserve this.

It’s hard to say what kind of month we will have in March. There is just way too much going on.

We are going to have the first fed rate increase and it’s basically going to be a game changer if it’s 25bps or 50bps. With the war going on we are leaning more towards 25bps right now.

There is the El Salvador Bitcoin bond which is very bullish. And of course there is the WW3 talk going on how Russians are buying Bitcoin to escape sanctions.

Will be a busy month.

Generally I reuse them unless I know that I can get the right size and shape from a supplier. Because sometimes you get some which are too thin or too thick and you run into issues.

Depending on how old the card is, you can usually reuse all of the pads except the main thermal paste on the GPU. It’s too bad the memory chips weren’t made of a similar material like the GPU chip where all it needed was some thin layer of thermal paste. Would of been much easier for maintainance.

Yeah trading is more profitable during a bull market. However with a war looming I don’t think many ex-miners who got no experience in the markets will do well.

My advice I learnt from bitcointalk mining section is just stick with mining, don’t try to be a day trader. I’ve seen many miners who made great income with mining only to lose it all when they try their luck against trading. Seen usually the worst for those who try leverage trading especially Bitcoin futures on 100x leverage. Just stick to mining or holding.

It’s very hard to get an accurate rate of the Ruble currency. It seems that there are many markets however the prices are different everywhere.

From banking sources it seems the price is over 100 rubles per dollar however if you check on Binance, the pair against USDT the price is around 90 rubles. If you check Forex it seems it’s completely frozen with a huge spike around 100.

Other forex pairs are still frozen and not moving. My guess is that it’s maybe because it’s too early and Russian banks aren’t opened yet but forex is suppose to trade 24 hours during the week, very strange.

What happened was, they made the post and later on it was removed. So Vitalik warned everyone not to donate because it seemed that the Ukraine Twitter account might be hacked.

However I think they basically decided to get USDT on erc20 and also ETH to the same address instead of on Tron network. So they made another post shortly After. However Vitalik confirmed the addresses and they are legit so they are going to the actual Ukraine government.

USA has nothing against crypto. It added an ETF and it supports many jobs for big companies like Coinbase or Gemini. The fact that donations to Ukraine were made by crypto won’t change the legal stance on cryptos by countries. It’s a great gesture and already around $15M was raised so far.

Hopefully these funds will go in the right hands however. With donations you never know where it goes. However Vitalik confirmed the addresses and it will indeed go to the government and whether it’s to buy weapons or food for the hungry is most likely where it will go.

People buy them for various reasons.

The most common one is someone is new and has no idea that they consume more power than profit is generated. Most sellers never disclose this.

Another reason is if someone has free power like at a University and they don’t care about efficiency.

Then there are those that want to dip their toes into crypto and do it more as a hobby rather than making a profit. So they don’t care if it’s inefficient or not.

Dual mining is never profitable in the long run. And those small cap coins are most likely going to lose 99% instead of gaining 500% due to how it’s the faith of most alts.

Even if it becomes big, most dual mine coins are an easy ASIC or FGPA risk. If they are profitable enough then a ASIC can easily be developed for them and will blow GPUs out of the water pretty much.

Don’t change the Thermal pads. The temperature is perfectly fine. If you change them there is a good chance you won’t buy the right ones and you will either have overheating issues on the memory due to the pads being too thin or you will have overheating issues on the core due to the pads being too thick.

For some reason it’s very difficult to source the correct pads for the memory and VRMs components. Many suppliers sell you the wrong material or size/thickness and you pretty much dig the old ones out of the garbage and put them back in, at least that’s how it was for me.