RE: China Kicking Our Bootleg Bitcoin Miners
You are viewing a single comment's thread:
Well thats if you want to mine A WHOLE Bitcoin, which isn't practical anymore as is buying a whole bitcoin, who the hell has $41k to buy 1 lol, I know I dont.
You can still mine portions of a bitcoin and keep it off the books so to speak since you don't have to KYC for that, you just converting electricity to money. Some people even mine at a loss now because they feel those sats will appreciate past what they spend now.
Wow, $550? Is that tax-free? Because in South Africa, that would be below the income tax bracket, but yes I would totally agree its not enough to live on even here, well you can live, just not the most glamorous of lives. You'd be sharing a residence, and so on
I personally side with Bitcoin because the rules are harsh for everyone, no can can get a leg up, yes others can use their advantage in the fiat game to move into bitcoin but very few do that
This is the official minimum wage, but most people do not receive it. Me neither. My total income is approximately only $470 USD per month. This consist of a low (approximately $250 USD per month) pension-like income for my multiple disabilities, and the salary of my four hours per day packaging part time job.
The result of this is the fact that financially I cannot afford the rent on my own in the winter (because of heating expenses).