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.
Whoo boy. If you aren't the owner, expect them to fire you and replace your paycheck with the tiny bit that you managed to mine.
Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
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Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#22Earlier quoted context omitted.
What's wrong with experimenting with cryptocurrencies? It's not like they're taking away resources from their main business to blow on bitcoins. (Though Vanguard is probably still a better choice regardless.)
I want the CEO of my mutual fund company to be focused on how to index better, not on cryptocurrencies.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#23Earlier quoted context omitted.
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.
Which coins though? Can't imagine bitcoin is still possible to mine with a two card setup
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#24Earlier quoted context omitted.
I want the CEO of my mutual fund company to be focused on how to index better, not on cryptocurrencies.
Why not just buy ETFs?
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#25Earlier quoted context omitted.
Come for the lower expense ratios, stay for the focus on running low cost indexes mutual funds, as opposed to experimenting with cryptocurrencies.
What's wrong with experimenting with cryptocurrencies? It's not like they're taking away resources from their main business to blow on bitcoins. (Though Vanguard is probably still a better choice regardless.)
So yes, fidelity may not mix the two, but Fidelity is "losing focus" in their eyes.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#26Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#27There 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
#28I like that the post mentions she's mined 200,000 Satoshis. Is this some kind of Bitcoin Shibboleth? I had to google it. It's about $8.
It represents the smallest fraction of 1 bitcoin you can use as an amount in a transaction, so they are the smallest (indivisible) units.
Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#29Re: Fidelity CEO Abigail Johnson says the company is mining cryptocurrencies
#30- All Bitcoin: ~500%
- Mix of top market: ~2800%
- All Strat: ~13500%
Meanwhile, stock investors call 12% a good year.