Wait: One bitcoin transaction uses the same amount of power as running my house for 9 days? Bull. Freaking. Crap. My computer can solve a bitcoin transaction. My computer isn't capable of running my freaking house.
Wait: One bitcoin transaction uses the same amount of power as running my house for 9 days? Bull. Freaking. Crap. My computer can solve a bitcoin transaction. My computer isn't capable of running my freaking house.
redsfandan (12-07-2017)
Doug, no idea what your long-term plans are, but the first best thing you could do for yourself is open up a Roth IRA and buy index funds. Put the max in the Roth if you can afford (currently $5,500 per year).
Want to keep it really simple? Buy three index funds. Put one-third of your Roth money in a US total market index fund, one-third in an international index fund and one-third in a bond index fund. Dollar cost average once or twice a month into those three funds. Rebalance once or twice per year.
Do that for 30+ years, and you'll accomplish two things ... 1) you'll outperform 80-90 percent of financial professionals, and 2) you'll have a barrel of money.
As for bitcoin, I haven't bothered and I don't lose sleep over it.
The Lost Decade Average Season: 74-88
2014-22 Average Season: 71-91
Up five bucks for the day so far.
Crushing it with crypto-currency
I don't think you understand how the bitcoin transactions have evolved. Yes, you would profit, just as the people in the article are profiting. But you would be making pennies each month because your hardware isn't capable anymore. You would need specialized hardware that uses tons of electricity to make a living, just as the article explains.
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