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I think what you're describing is insurance, not taxes. I'm sure almost all auto insurance is paid by taxpayers, too, but I wouldn't call auto insurance a tax


That's true but it's also true that studies like this one, which are true on average of the population, are often not true for each individual. It's worth pointing out that it doesn't apply to everyone.


Yes, but pointing out that it may not apply to everyone should not start with the sentence "That's not true."


I guess.

I think it's implicit with practically every study that the results aren't necessarily applicable to everybody.


Almost nothing is universal. You could have a study that says, "Falling out of an airplane from 30,000ft is deadly" and you can still find counterexamples. So I agree, it doesn't need to be explicitly stated at every turn.


I'm just curious if anyone has insight into how this is economical. Is it economical with current bitcoin prices, or only if prices go up?


To add to another reply, the big perk of bitcoin mining is that you can launder your money through the purchase of equipment, real estate and power directly into US Dollars.

It's as that comment said, basically just a way to turn Renminbi into Dollars without the Chinese government knowing about it.


How long do you think the Chinese government will allow this subversion to continue? It seems like something they would aggressively shut down.


I don't know enough about Chinese politics to be able to reliably comment on their intentions, but buying dollars like this could help push down the price of the Renminbi compared to the Dollar. That has been part of China's economic policy for a long time. Also, when you think about how China is under international pressure to allow the Renminbi to start naturally moving up in value, these types of currency pressures would certainly make a nice way to keep the Renminbi low without having to responsibility for it.


From the perspective of taking renminbi and converting it in to something that can be sold with dollars -- it doesn't need to be economical.


Already been talked about on HN. Estimated around $190K profit per month.

https://news.ycombinator.com/item?id=8163934


That does not include the cost of hardware. What kind of hardware do you need for 230 GH/s ?


In the long run it doesn't make much sense at all. [0]

[0]http://letstalkbitcoin.com/blog/post/how-many-bitcoins-does-...


This has been discussed many times before, however it's often in context to North America. You specifically have to look for articles that calculate economics of Chinese prices (electricity, building materials, labour, hardware etc) because they differ greatly depending on where you are.


I think it's economical right now, but ceases to be economical the second new hardware comes out and the difficulty goes up. So they have to pay for this pretty quickly.



According to the Denver city data, there were 19 murders in the Denver city area through May last year, and 11 this year. That's better, but implying that to be a statistically significant phenomenon related to marijuana legalization seems intellectually dishonest. Especially when the overall crime numbers for more common crimes don't seem to show any consistent patterns.

http://www.denvergov.org/Portals/720/documents/statistics/20...


No questions - just wanted to say thanks for a great product I really enjoy using!


Also, there will be a long lag time from when driverless cars are introduced into the car-sharing market to the time that everyone is comfortable using them and there are enough to saturate the market. In the meantime, you'll be able to choose between the different options via Uber.


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