Bitcoin Bubble or Bright Spot: What is the Longevity of Crypto-Currencies?
Could you imagine spending $150,000 a day to mine for gold? Bitcoin miners are racking up that cost in power consumption a day alone. The ‘Gold Rush’ err… ‘Bitcoin Rush’ is definitely upon us. Bitcoins are “mined” by unlocking blocks of data that “produce a particular pattern when the Bitcoin ‘hash’ algorithm is applied to the data.” Is there a Bitcoin bubble? Is there any longterm use for a crypto-currency? Will the market be flooded with other virtual pseudo-currencies?
This morning we’ll be hearing from one of the best Bitcoin experts and long time users, our own Mark “Rizzn” Hopkins will share his thoughts on this morning’s Live NewsDesk Show with Kristin Feledy (see live stream below). We expect Mark to highlight the longevity of crypto-currencies, and how the financial uncertainty of the world is factoring into Bitcoin’s growth.
Tune in every morning at 9:15 am EST for live broadcasts of today’s top news in tech.
Watch live video from siliconangle on www.justin.tv
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
