Charted: The Costs of Mining Silver vs. Gold
Published
6 mins ago
on
April 25, 2025
| 763 views
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By
Ryan Bellefontaine
Graphics & Design
Published
6 mins ago
on
April 25, 2025
| 763 views
-->
By
Ryan Bellefontaine
Graphics & Design
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Cost of Mining Bitcoin in 198 Different Countries
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It takes an estimated 1,449 kilowatt hours (kWh) of energy to mine a single bitcoin. That’s the same amount of energy an average U.S. household consumes in approximately 13 years.
European stocks are steady in post-Christmas trading if struggling for traction after a mixed session in Asia, amid trading thinned by a holiday-shortened week and ongoing worries about the tech sector; however a strong rally in commodities - including copper and oil - buoyed expectations for a strong 2018 and helped offset concerns over the technology sector triggered by reports of soft iPhone X demand.
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
Solutions gut the rackets by breaking down the status quo's regulatory walls protecting the privileged elites who are strip-mining the bottom 95%.
The one catalyst many Glencore bears have been eagerly waiting for, is the downgrade of the troubled independent energy trader to junk status, a catalyst which as previously explained, will likely spring various, heretofore unknown margin calls and collateral "waterfalls" a la AIG.