That's a pretty frightening article and I would guess power consumption is going to go up exponentially as they try to mine more quickly as the price rises !
Type: Posts; User: WORKSIMON
That's a pretty frightening article and I would guess power consumption is going to go up exponentially as they try to mine more quickly as the price rises !
With my limited knowledge I would agree, as has been seen, Elon clearly manipulated it to increase the price so with no regulation anyone with enough money can move the price up or down to suit...
Thanks, if its unregulated, then I guess anyone can create a rumour and try and manipulate the price perfectly legally ?
I may be a little naïve here but does this not constitute insider dealing and if so is it not illegal in America ?
A very good read and if he is indeed right someone is going to lose or already has lost their shirt !
For an outsider looking in it has been interesting to follow this thread, I've been watching Bitcoin today and it seems to be on the way down but I guess it will jump up again ?