The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I wouldn’t think you would get spiked on anything under 40p at the minute. I would say higher, but this is London. The BTC price is around 75% higher than what it was on Christmas Eve. I would think there will be a scramble at 8 am if we are still at this level for BTC though
I’m glad it’s pulled back a bit, I was actually feeling a little overwhelmed with the way it moved from 30-33 so quickly. Likely to see more moves like this. Those that understand tech know that blockchain will have an impact on the world like the internet did. It seems to be unfolding...
I think these low value trades are from the Trading 212 app where you pay no commission/fee. A lot of these very small trades peppered through the market now. Not sure why you would buy and sell a couple of quids worth of shares but each to there own I guess.
I do see the value of Bitcoin, not as a replacement for gold but it does actually solve a lot of problems that do need solving: no need for trusted 3rd party, simplifies FX by orders of magnitude, the list does go on. I think that all money will eventually be on the blockchain. I have been here for 10 years + and still have faith in the project. My strategy will be to dump most of my profits from ARB and mining from my GPU (bought for 400 quid and have generated 2-3k over two years) into CNR. It is nice to be in a share that generates excitement and movement like this used to back in the day! I also HODL CNR :)
I’m not sure it would be that difficult. Mining software that I mentioned before essentially does what Luxor do (Honeyminer, Cudo Miner etc.). My PC is currently mining Monero and Ethereum but if another coin is more profitable, it switches. Perhaps they have a mixture of ASIC and other machines on their infrastructure so it’s easy to switch.
The way I understand it is; Bitcoin is the crypto currency (some lines of code maybe). The real breakthrough is the ledger (the limited supply of the coin too obvs), the ledger is essentially a chain of 1 MB blocks of data. Hence block-chain, we are helping validate each 1 MB block along with all the other computers mining Bitcoin. If you mine something else it is another chin of blocks. I’m not as clear on ETH, I believe ETH is more of a blockchain ecosystem that people purchase tokens to use part of it - something like that. ETH utilises smart contracts to take care of day to day transactions maybe all elements of a real estate purchase that will all automatically execute according to an algorithm. Money in escrow sent to wallet address once deeds are received or some other scenario, could be much more complex inner workings. I read in a plane (seems like years ago now lol) about an autonomous Taxi company that could run on ethereum, hiring drivers and using AI improve each part of the business. This program would essentially run the business and until a competing Taxi program/company, perhaps more efficiently written or with some USP that ties market share from the original one. On top of this the programs/apps are distributed, meaning they do not reside on a single host. They are scattered around the network (blockchain), programs these days use micro services and lend themselves well to this sort of environment (I won’t get too techie lol - I’m a video compression solutions engineer with a bachelors degree in media tech. Though I don’t think you need a deep understanding of computers to understand the vision and workings of Bitcoin. I haven’t studied ETH as much as BTC so could be talking gonads, anyone else with a better understanding is free to pick holes in the above. 550% up here in a matter of months. I knew I should have put mor into the crypto space, it will change the face of money. Still time! Been in CNR for 10 years today, quite a comparison lol the humble pie from disregarding the OTC listing tastes pretty sweet haha. Happy Christmas All! /DPG
£10
Lol
I used Honeyminer initially, if you google that and check the FAQ’s. you should be all set. As long as the mining software; be it honeyminer, Cudo miner etc. It’s just plug and play. You can also rent vGPU’s on Honeyminer. Let me know if you have any issues ;)
Yep just churns away, I use Cudo Miner. Tried to paste a referral link but LSE wouldn’t let me. You can use nice hash to calculate profitability of different cards. I let it run when I’m not using Ableton or my son is not playing Fortnite :)
I actually bought a graphics card for 400 GBP in Aug 2018, I have mined about 7 million Satoshi with it. The mined Satoshi are worth around 2k gbp. I put some of it in here which is what I was initially up on. Great purchase :) Card is an RTX 2070 and generates about 270,000 Satoshi each month. Glad I paid the extra for the card :)
I’ve heard “wouldn’t want to be out of this over the weekend” touted numerous times. This time that comment really would have been valid on Christmas Eve . Assuming the BTC is stable overnight nobody is getting 19p in the morning ;) lol