News Ethereum Drops 22% in Value Over the Past Week

[hushnecampus]

"Logic" has nothing to do with it.

I'd be happy to pay you 1000 US dollars for your T-shirt................................if I think I can sell it to this guy over here for 1100 US dollars.

That is logic. That’s exactly what it is.

 

[Im__A__Blimp]

The 6800 mines better than the 3080... I don't know if I should be surprised or just laugh.

Either way, that could explain why the 6800 is nowhere to be seen >_>

Regards.

Uuuuuh... The 6800 gets 60MH. The 3080 gets around 100. I think you're a bit backwards there

 

[drivinfast247]

Good.

 

[jacob249358]

do you realized that 10% of miners control 90% of the total mining, and that, of all the bitcoin owners, about 10000 of them control more than 1/3 of all the crypto market? You might think that you are big shot with your rigs and your few btc, but you are merely surfing a market controlled by a few business who dont care about you, your money and the crypto market. They only care about making more money. And, since that money has no legal tender and is volatile, their only option in the end, is to cash in to profit.
You are being very naïve thinking that "because it's decentralized", the very rich wont have control...
Easiest proof: Elon Musk can crash or raise a crypto value with few tweets.
And there are lot of other ways to manipulate that market, and when big money is at stake, some people have incredible imagination.

can you connect the idea of mining a lot of bitcoin means you control the market? What are the few businesses controlling the market? Also just so you know barely anyone mines bitcoin with GPUs. I think everyone is in this to make money, what is your point with that statement? Instead of this conspiracy theorist idea of ¨the rich control everything¨ can you give me some names or corporations or examples other than Elon Musk making a tweet. Oh, I forgot to mention, bitcoin isn't going to be the main crypto for long. Once xrp finishes the lawsuit the whole world will adopt it as its bridge currency because everyone will be using cbdc. Bitcoin is to slow to move and use. Everyone basically just sits on it. It doesn't move much.

 

[-Fran-]

Uuuuuh... The 6800 gets 60MH. The 3080 gets around 100. I think you're a bit backwards there

Power consumption is also part of the mix of variables taken to assess a card's mining performance. Remember you're looking to profit from it, so running costs are non-trivial.

Regards.

 

[jacob249358]

Next big thing? If you think the people that own all the wealth in the world are going to lie down and let crypto take over you have another thing coming. The wealthiest 1% will own it or they will shut it down. The little guy will get screwed as always

That might seem like what will happen but I think this is different because its not as easy as just ¨shut it down.¨ I have been studying international financial news for a while now and here is whats happening. Everyone is pissed because the US can print all the money they want because its the world reserve currency and that power is being abused. The sec is trying to shut down xrp because if they don't it will be adopted as the new world reserve currency. How it would work is each country would have their own currency and then when you want to move money to another country its converted to xrp then transferred to the country and then converted to that countries currency.
just proof that xrp is bigger than people seem to think- https://xrpfamily.com/2021/10/19/xr...ar-cryptocurrency-in-the-uk-etoro-statistics/