Bitcoin miners have entered the red as it now costs $88,000 to mint a $69,000 bitcoin

[mcc@mastodon.social]

@campuscodi Out of curiosity, is this still the case? This article is about three weeks old… doesn't the Bitcoin hash difficulty adjust itself every two weeks? My understanding is the hash difficulty mechanism is *supposed* to serve as a check on mining going cash negative, so it's interesting if the mechanism fails. (Also, the BTC price itself has gone up a chunk since Mar 22.)

[kaffando@mastodon.social]

@campuscodi

Oh, dear.

Never mind.

#Bitcoin

[goss@c.im]

@hindsight @campuscodi

On first glance these seem too conveniently incendiary to be true.

Alas, they probably are fakes.

Fact Check: Photo Of Melania Trump Kissing Jeffrey Epstein Is Fake -- Colbert Didn't Air It | Lead Stories

Is a photo showing Melania Trump kissing Jeffrey Epstein an authentic image and was it "unseen" until aired by Stephen...

(leadstories.com)

[jasonclor@mastodon.social]

@campuscodi oh no

[karma_j@mastodon.social]

@campuscodi

[seanmcclain@mastodon.social]

@campuscodi ...because crapto "currency" is a scam. Don't worry, people are suckers & thieves need this vital source of their revenue, so the value will rebound.

[goss@c.im]

@hindsight @campuscodi https://www.yahoo.com/news/articles/fact-check-image-melania-trump-234800265.html?guccounter=1

[makja@mastodon.social]

@fabrice @campuscodi how does one make it up in volume when *every* coin loses 19k?

[stellarskrit@mastodon.social]

@campuscodi the blockchain does not have much profitability in only resolving itself without any applicable mirroring beneficial to others why share processing of it.

[lazysupper@famichiki.jp]

@campuscodi

Gamers: Sweet! Now we can finally upgrade our GPUs.

AI: Step aside, losers.

[yugthebug@mastodon.social]

@campuscodi finally

[arghmatey@mastodon.social]

@campuscodi We love that for them.

[regguy@mstdn.social]

@notyourfanboy @campuscodi No, the miners aren't, the stooges are.

[lancejz@mastodon.social]

@campuscodi they are still doing this stupid nonsense...

[alexlubertozzi@mastodon.social]

@fabrice @campuscodi I wonder if you have to remember that old SNL commercial about the bank that just made change to get that joke?

[burritosommelier@techhub.social]

@mcc the cost of electricity factors in heavily - can’t really make a general statement. I went down a rabbit hole on this a couple months ago. Disclaimer - I’m not a miner or crypto investor, was just curious as the price was falling what the implications would be.

[maddad@mastodon.world]

@campuscodi

Yayyyy 🥳 ‍️ 🥳

[mcc@mastodon.social]

@BurritoSommelier It does, yeah. What I mean is the difficulty-adjustment mechanism is supposed to be a check whereby the Bitcoin mechanism can correct for things like a sudden increase in the cost of energy. (But of course the fact it's *intended* to have this effect does not mean it *will* have the effect.)

[rudy_paul200@mastodon.social]

@aizuchi @campuscodi Now that is a history lesson I would actually pay attention to! 'The Flower That Ate The World.' It gives a whole new meaning to 'market crash.' If the ecology went with the economy, I guess we’d all be living in a very colorful wasteland right now!

[aizuchi@hachyderm.io]

@rudy_paul200 @campuscodi careful
World leaders are saying “hold my beer” even now