Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#1

Post by KasianFranks » Thu, Sep 28, 2017, 11:07 PM UTC

Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
techcrunch.com

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#2

Post by QAPereo » Thu, Sep 28, 2017, 11:34 PM UTC

Sure, if you have more of a kitty than many countries to play with, an army of lawyers and an IT department... have fun.

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#3

Post by pfisch » Thu, Sep 28, 2017, 11:36 PM UTC

QAPereo wrote: post #2

Sure, if you have more of a kitty than many countries to play with, an army of lawyers and an IT department... have fun.

I have all the computers in our office mining crypto when we leave for the day. It is pretty easy to setup.

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#4

Post by Waterluvian » Thu, Sep 28, 2017, 11:44 PM UTC

pfisch wrote: post #3

QAPereo wrote: post #2

Sure, if you have more of a kitty than many countries to play with, an army of lawyers and an IT department... have fun.

I have all the computers in our office mining crypto when we leave for the day. It is pretty easy to setup.

I'd love to know what the electricity cost is to do that versus their immediate market value. Are you mining lottery tickets or do they have immediate worth?

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#5

Post by xur17 » Thu, Sep 28, 2017, 11:49 PM UTC

Waterluvian wrote: post #4

pfisch wrote: post #3

Earlier quoted context omitted.

I have all the computers in our office mining crypto when we leave for the day. It is pretty easy to setup.

I'd love to know what the electricity cost is to do that versus their immediate market value. Are you mining lottery tickets or do they have immediate worth?

If you're mining with gpus, it's likely still worth it. I have a 1060 and a 1070, and it's definitely profitable even after electricity.

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#6

Post by kondro » Thu, Sep 28, 2017, 11:59 PM UTC

pfisch wrote: post #3

QAPereo wrote: post #2

Sure, if you have more of a kitty than many countries to play with, an army of lawyers and an IT department... have fun.

I have all the computers in our office mining crypto when we leave for the day. It is pretty easy to setup.

I hope you realise the product of your mining belongs to your company given its their electricity you’re using (compared to the computers just suspending).

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#7

Post by Abtin88 » Fri, Sep 29, 2017, 12:00 AM UTC

Dream of satoshi is dead now

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#8

Post by atomical » Fri, Sep 29, 2017, 12:10 AM UTC

There will probably be more bad news from China this year. It seems very risky to do what they are doing.

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#9

Post by dankohn1 » Fri, Sep 29, 2017, 12:12 AM UTC

I cannot imagine a headline that would make me more interested in investing with Vanguard.

Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies

#10

Post by dmoy » Fri, Sep 29, 2017, 12:16 AM UTC

dankohn1 wrote: post #9

I cannot imagine a headline that would make me more interested in investing with Vanguard.

0.005% lower expense ratios is what shifted my stuff from Fidelity to vanguard. Idk how much exposure they're putting into crypto currency based on this.