Australia's largest stock trading and investment forum Australia's #1 stock forum

HCH

Click for more information

0.48%

$1.05 hot chili limited

What a waste of electricity, haha.

First 25906 Last

Share
Profile

Follow
Trufflehunter

3,627 Posts.

347

26/03/24

17:20

Post #: 73068297
Share

Originally posted by 1OldGreyFart: ↑

the average global cost atm is about 40k to mine 1 bitcoin which can take up to 7 years. And that's the power cost. Of course there are many countries that have very cheap power and most of the miners gravitate towards those countries, but there are risks with doing that, the same sort of geopolitical risks that elemental miners are faced with. If your investing in crypto for the long term these calculations will be even more important to you as will the halving events every 4 years. Scarcity doesn't set the value on its own. Bitcoin will need to have utility as well. In the future it may, but for now it's utility is limited IMO.

Expand

What a waste of electricity, haha.

HCH Price at posting: $1.10 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 482 more messages in this thread...

First 25906 Last

Add HCH (ASX) to my watchlist

(20min delay)
Last $1.05		Change -0.005(0.48%)		Mkt cap ! $150.8M

Open	High	Low	Value	Volume
$1.06	$1.06	$1.05	$171.6K	163.4K

Buyers (Bids)

No.	Vol.	Price($)
3	28426	$1.05

Sellers (Offers)

Price($)	Vol.	No.
$1.05	75882	17

View Market Depth

No.	Vol.	Price($)
3	38714	1.045
7	77611	1.040
6	14727	1.035
10	75315	1.030
5	28350	1.025

Price($)	Vol.	No.
1.050	75882	17
1.055	12799	1
1.060	12500	2
1.065	12736	2
1.070	20746	3

Last trade - 14.21pm 13/05/2024 (20 minute delay)


Last $1.05			Change -0.005 ( 0.95 %)
Open	High		Low	Volume
$1.06	$1.06		$1.05	18661
Last updated 14.32pm 13/05/2024 ?

HCH (ASX) Chart

SPONSORED BY