Dezember 30

Ethereum mining: crypto enthusiasts can earn $122,000 per year

All that’s needed are 78 NVIDIA GeForce RTX 3080 graphics cards and a good air conditioner.

Simon Byrne has taken home crypto mining to a whole new level. He wants to harness the potential of Ethereum (ETH).

As first reported by Anthony Garreffa, Byrne has made public an ETH mining setup consisting of 78 GeForce RTX 3080 graphics cards. Although the RTX 3080 is marketed for high-end PC gamers, crypto miners use these powerful technical features to get more out of their machines.

With each card requiring around 300W of power, Byrne’s setup consumes 23.4KW of energy. And that’s not even taking into account ancillary costs such as air conditioning. All in all, his electricity bill is an estimated US$2,166 per month.

The RTX 3080 was launched in September for US$699, but supply shortages have pushed the cost per unit up to US$1,199. At that price, the cost of Byrne’s setup is US$93,522.

Nevertheless, this cost could be offset by mining performance. A GeForce RTX 3080 graphics card has a hashrate of about 83MH/s with Ethash. According to Garreffa, that should generate about 0.22236870 ETH per month. So all 78 cards would generate 17.3 ETH per month, which equates to about $12,352 at today’s exchange rate.

If you subtract the cost of electricity, that’s about US$10,200 per month, or US$122,000 per year. And that’s not even counting Ethereum’s price potential in the next bull market.

The Ether price climbed above the 700 US dollar mark at the weekend. This is the first time it has done so since mid-2018. The new alts season, which some have already predicted, could drive the ETH price even higher in the medium term, as bitcoin investors switch to other cryptocurrencies with large market caps.

Dezember 25

The best asset in the world: Asymmetrical returns with Bitcoin

Bitcoin does not play according to the rules of the classic portfolio theory. But that’s exactly what makes it an exceptional asset – possibly the best the world has ever seen.

In the world of portfolio theory there is an overarching, irrevocable dogma: Those looking for higher returns must be prepared to take more risk. So there is typically a linear relationship between risk and return.

To the crypto compass magazine

This can be checked with government bonds. German government bonds, rated AAA, promise a return of -0.49 percent over ten years. Not a particularly lucrative investment, but pretty safe. Meanwhile, the current interest rate on Brazilian 10-year bonds is over 7 percent. The rating agency Fitch rated the paper BB-. Investors must take into account a potential bankruptcy of the Brazilian budget when investing.

Conversely, what percentage of the portfolio investors invest in which type of security depends solely on their risk tolerance. Risk-averse investors are likely to prefer a portfolio that relies more on safe bonds and more aggressive investors focus more on stocks, ETFs and alternative investments.

Safe is not always better

Anyone who follows the textbook opinion about the linear relationship between risk and return runs the risk of missing out on the really good opportunities. There are investments that don’t quite fit into the described pattern. Bitcoin is one of them. Not only is Financial Peak retrospectively the best performing asset in human history; Even in relation to the associated risk, BTC beats the competition by far. Depending on where you start measuring, BTC has grown by over three million percent in the first decade of its existence.

So do investors have to be extremely willing to take risks in order for a BTC investment to be considered? Limited. Because, contrary to what modern portfolio theory suggests, Bitcoin is less risky than assumed. Sure, digital gold is quite volatile – significantly more volatile than gold, oil and the S&P 500, for example. But not as volatile as the price should theoretically be with such a return. In other words, Bitcoin is what is known as an asymmetrical investment.

Bitcoin: exponential growth possible

With crypto currency No. 1, risk and return are not linear, but rather convex. The return does not increase proportionally to the risk, but increases exponentially.

This already intuitively conclusive description of the course events can be measured with the Sharpe ratio . This is a quantitative indicator that relates the risk, measured in terms of volatility, to the return. A Sharpe ratio> 1 means an above-average return on the asset in relation to the risk assumed. It turns out that when compared to assets like gold, stocks, and oil, Bitcoin is the big winner in terms of asymmetry. BTC currently has a Sharpe ratio of 2.83. The next best asymmetrical asset is gold with just 1.98.

Dezember 21

O Bitcoin chega a US $ 25.000 quando a Coinbase sinaliza sua intenção de abrir o capital. Boom Bust da RT examina os movimentos da criptomoeda

O Bitcoin estabeleceu seu novo recorde histórico, ultrapassando os US $ 24.000 enquanto a criptomoeda número um do mundo continua sua alta no fim de semana antes do Natal.

A criptomoeda atingiu o limite de US $ 24.122 no sábado, antes de recuar para cerca de US $ 23.978, alta de quase 5,5% no dia, de acordo com o índice Bitcoin Loophole.

O aumento empurrou seus ganhos acumulados para 225%

Enquanto isso, a proeminente corretora de criptomoedas Coinbase disse que entrou com uma papelada na Securities and Exchange Commission (SEC), abrindo caminho para uma eventual oferta pública inicial (IPO).

Bitcoin deve valer $ 400.000 com base em sua escassez – Guggenheim CIO

Mas, uma vez que a base original da criptomoeda era oferecer liberdade financeira a todos e romper com as restrições tradicionais do setor bancário, a mudança da Coinbase em direção a Wall Street pode provocar algumas mudanças dramáticas no mercado.

Christy Ai, no Boom Bust da RT, explora se os investidores irão lucrar após este pivô, longe de tudo o que a indústria representa.

Dezember 8

Maxi investments on Facebook and Google: so have proliferated the ads of Bitcoin Revolution and similar platforms.

A journalistic investigation involving several international newspapers is revealing who is behind the advertisements that involve VIPs in the promotion of Bitcoin’s automatic trading software.

Those where there is a famous person who claims to have gotten rich thanks to Bitcoin. The ads are presented as newspaper articles with interviews of the unlucky celebrity who promotes the bot where you just need to invest 250 euros and get to millionaire earnings in a short time. Needless to say, the interviews are invented and the newspaper article is an imitation of a more famous newspaper.

In the ads circulated in Italy, one of the most famous victims was the entrepreneur Flavio Briatore, to whom the use of Bitcoin Up has been attributed. But the imagination of those who create these ads has not spared even Harry and Meghan, who, without the Queen’s funds, would have found in Bitcoin Circuit another way to get rich.

In short, everything seems likely, especially for the naive. But who knows the story of Flavio Briatore knows well that he owes his fortune to choices different from Bitcoin. Just as Harry and Meghan certainly do not need to do automatic trading of Bitcoin to live in the United States, away from Her Majesty the Queen.

The Bitcoin Revolution investigation involving Facebook and Google

According to the survey coordinated by the Swedish newspaper DN (and that in Italy involves the newspaper La Stampa, but also the French Le Monde, the famous The Guardian and Buzzfeed, to name a few), these advertisements have been distributed in at least 50 countries.

The survey revealed that behind the advertisements of these platforms there is a company based in the United States. This marketing company alone would have invested $50 million to promote these ads on Facebook, using the face of unwitting celebrities. Of 17 different types of sponsored platforms, 10 were reported by various national regulators.

Facebook, as La Stampa reports, said it took the problem very seriously, involving authorities to track advertisers. They were skilled enough to hide the destination link of their ads.

Even Google ended up in the cauldron. According to the investigation, Big G deleted ads for 50 million dollars on the same subject, recognizing a type of misleading if not fraudulent marketing.

In this case, there is another London-based company behind it. The same company also conducted email marketing campaigns.

In the opinion of the companies involved, in reality the ones who make money are the giants of the web, the ones who take money to advertise the advertisements of these dubiously useful platforms.

It is necessary to make a clarification. Bitcoin has nothing to do with this story. These platforms don’t buy Bitcoin at all. It is not expected the opening of wallets, never talk about blockchain. They are just systems that promise to raise money (dollars or euros) with mechanisms too good to be true.

Always apply a few simple rules before trading:

Be aware that this is a highly risky business;
Be wary of those who promise stellar gains;
Never invest money that you are not willing to lose.

Dezember 4

What do billionaires who own Bitcoin actually say

What do billionaires who own Bitcoin actually say about the world’s largest crypto-currency?

Bitcoin’s end-of-year rally has brought more people into the room than ever before – and that includes some of the richest people in the world. We take a look at the billionaires who have allocated a significant portion of their portfolios to crypto-currencies, and what they have to say about their decision to diversify into an asset as risky and novel as Bitcoin (Buy Bitcoin now? Click here for instructions).

Some of the richest people in the world own Bitcoin

Bitcoin’s infamous year-end rally has brought many new faces to the industry as people rush to own part of the world’s largest crypto currency. But it’s not just small investors who have been pouring by Bitcoin Revolution into the room lately – some of the world’s richest people have also slowly been outsourcing significant parts of their investment portfolios to Bitcoin.

Hedge fund manager Paul Tudor Jones is one of the few billionaires who have publicly supported the volatile new asset class, and earlier this year called Bitcoin „a major speculation“. In an interview with CNBC, he revealed that he has nearly 2 per cent of his assets in Bitcoin and that he was betting on the crypto-currency as part of a larger strategy to maximise profits.

Following in his footsteps is billionaire investor Stanley Druckenmiller, who revealed last week that he had „warmed to“ the idea of the crypto currency as a store of value. And although Druckenmiller, who in 1992 was known to bet against the pound sterling, was reluctant to reveal his exact position on Bitcoin, he said he expected his Bitcoin bet to „work better“ than gold.

Wall Street heavyweights see bright future for Bitcoin

Although billionaires with positions at Bitcoin may come from different backgrounds, they all share the same point of view when it comes to the world’s largest crypto currency. None of the world’s richest men holding BTC do so because of the short-term speculative opportunities, but rather as a long-term investment.

Wall Street legend Bill Miller calls Bitcoin the „only asset with the best performance“ over the last year, the last five and the last ten years – and his staying power is only getting better every day. But Miller has also not revealed how much of his portfolio is allocated to BTC.

But he assumes that every major investment bank and every high net worth company will ultimately have at least some exposure to Bitcoin, because the risks of BTC falling to zero are „much lower than they have ever been before“.

MicroStrategy’s founder, Michael Saylor, is one of the most vocal advocates of Bitcoin among the billionaire clique. His company made most of the headlines in the crypto-media this year after announcing that it had increased its Bitcoin inventory to $425 million. Saylor’s personal Bitcoin assets also amount to approximately $240 million, with the investor describing the crypto currency as „the best treasury reserve in the world“.