[Presbyterian Reporter]

Another crypto is done. CORZ market capitalization one year ago was $5 billion. It is pennies today.

CORZ CORE SCIENTIFIC INC COMMON STOCK

52 Week Range 0.1212 11/09/2022 13.70 11/29/2021

[V_TWIN]

Invest in crypto they said.....you’ll clean up they said.....totally secure they said.....

I can piss my own money away.....I don’t need any help.

[who_would_fardels_bear]

I’m concerned that the computing power collected by these mining firms may be repurposed for criminal or unethical behavior. DOS attacks, Bot attacks on social media, identity theft, election thefts, etc.

[dpetty121263]

Telling you the Federal Reserve is bankrupting these outfits paving the way for FedCoin next year.

[Boogieman]

“The miner had 1,051 BTC and $29.5 million in cash at the end of September.”

Did they check under the couch cushions?

[allendale]

Does anyone think that gold will increase steeply in the next few months now that crypto is no longer very viable?

[Chode]

Greenidge Generation (GREE) have also said they are strapped for cash.

~20mi from here

[shotgun]

Here’s my take on this whole crypto crash.

Lazy tech guy 1: Hey, I got a great idea. Let’s start something called crypto currency because paper money/precious metals are so ancient history.

Lazy tech guy 2: But what is crypto currency?

Lazy tech guy 1: Exactly. It is whatever we say it is!

Lazy tech guy 2: But where does it come from?

Lazy tech guy 1: Computer mining?

Lazy tech guy 2: Sounds cool, but how do we make money?

Lazy tech guy 1: we tell folks each Coin we find from computer mining is wot several thousands of dollars. And then regular people will invest their real money and we can cash in.

Lazy tech guy 2: And after several years when the world catches on to this tech voodoo currency scam, we’ll be sitting on the beach sipping mai tais and living the dream.

[FatherofFive]

Q. How do make a small fortune in crypto?

A. Start with a large fortune

[AZJeep]

It is my understanding that those miners actually keep the crypto going! If all go out of business, there would be no crypto!

[Basket_of_Deplorables]

There is a well organized plan by the marxists to destroy independent crypto, so the resistance to its designated replacement won’t be as large.

CBDD.

The End Of Freedom.

[Angelino97]

I've long heard libertarians predict that cryto currency will decentralize finance and disempower The State.

They were still saying it just before this crash: The Bitcoin Field Guide exudes pre-crash optimism.

[SaveFerris]

All crypto will go down somehow

Fed CBDC will be the only game in town. /shiny side out

[DiogenesLamp]

Bitcoin Mining Giant Core Scientific Ended October With $32M in CashCore Scientific reiterated it could run out of cash before the end of the year as lawsuits are piling up.

This stuff is stupid. Nothing of real value to the world is produced for all the expenditure.

[C19fan]

Good riddance. All that energy being expended for ether coins.