$ 300,000 per bitcoin: by 2022, cryptocurrency mining will become impossible

Bitcoin mining in four years will become unprofitable. Most likely the market will have to completely change the model.

MAIN

Photo: BTC KeyChain/Flickr/(CC by 2.0)

The main problem of bitcoin is not the possibility of collapsing the market bubble and not the state regulation problems, but the cost of electricity, the CITIGROUP analysts concluded EN. The cost of mining is growing so quickly that by 2022 it will be profitable only with a cost of bitcoin from $ 300 thousand. This means that the cryptocurrency community will have to completely change the model of earnings.

• By 2022, the need for electricity for the production of bitcoins will be equal to the uvrovy consumption of all of Japan, Citigroup analyst Christopher Chepman writes in his report.
• In order for mining to be profitable, the course of the most popular cryptocurrency in 2022 should be from $ 300 thousand to $ 1.5 million, the analyst calculated. Today, the Bitcoin exchange rate was approaching $ 8,000, but so far it cannot overcome it.

• “Most likely, this level of mining capacities cannot be achieved; Governments will apply regulatory and tax measures to miners in order to prevent the growth of electricity consumption, ”we write the chapman in our report.

• The most obvious solution to the problem will be a change of market model. Bitcoin is now based on the principle of “Proof of work” - the most probability of forming a blockchain chain block (and, therefore, get bitcoin) with the participant with the most powerful equipment. The new principle will be “Proof of Stake” - the participant with the largest initial amount of cryptocurrency will have more chances.

What am I to me?

Changing the Bitcoin mining model at one point will make Russia an unprofitable place for mining. Now all cryptocurrency mining projects - both private and megp projects discussed in the government are based on cheap electricity.

MONEY

The Internet was ahead of the TV

The fact that the market has been going on for a long time, it was clear to everyone, but now we can officially talk about this: from the third quarter the advertising market on the Internet ahead of the television. For 9 months of 2017, the Internet and television earned almost the same-115-116 and 116-177 billion rubles, but in July-September the Internet collected 12% more.

Deripaska against Chubais

En+ Oleg Deripaska invited the State Duma to revise the key position of the Electricity Reform of Anatoly Chubais. The company, which owns the aluminum UC Rusal and energy assets, asks to allow industrial enterprises to own simultaneously generating capacities and distribution networks - now this is strictly prohibited by law. The Ministry of Energy against: this situation was specifically conceived to restrain electricity tariffs for third -party consumers, and now it can lead to their growth.

Year with Trump

It seems that President Trump has recently with us, but today from the day of his victory in the election has been exactly a year. On November 9, 2016, the State Duma met the results of the election with applause, but the joy was premature. In August 2017, Trump signed new sanctions against Russia (and in February theycan be expanded); Russians now have togo for American visas to Georgia; Congress continues the investigation of Russian intervention in the election - there is no need to wait for improvement. But Trump’s presidency is nothing to the American economy: the S&P500 index is growing and waiting for the approval of the Republican tax reform that is advantageous for the business to grow even higher.

PRACTICE

Battle for venture

The conflict between the founders of the XFUND Foundation Hugo Van Van and Partican Chun became one of the most high -profile EN scandals in the American venture industry. Partners were going to create an alternative center for the attraction of technological startups, investing in the projects of Harvard, MIT and other universities of the eastern coast of the United States. In 2014, they lifted $ 100 million, but after a few months they quarreled, two years were suing control over the fund - and the Silicon Valley in the East was never created. The conflict cost, which was worth Wang Woman, the share in the XFUND and the American visa - and it was only necessary to follow the simple rule: to read the documents that you sign.

Win Oracle

Former sea paratrooper Charles Phillips during the boat of the 2000s bonded technologies at Morgan Stanley, then worked as the president of Oracle for 7 years, where he has concluded $ 35 billion. Since 2010, Phillips has been headed by Infor, which recently received $ 2 billion from billionaires of Kochi brothers. Phillips wants to make EN $ from Infor the opposite of Oracle: in the Apple PO for business, the business should be as beautiful and convenient as in smartphones.

Earn on sanctions

Blockchain experts are not the only new scarce specialty in the Russian labor market. It was not difficult to predict - recruiting agencies launched hunting for sanctions. The main customers are banks, and lawyers who have studied practice and have improved qualifications in this area can count on an increase in a salary of 30-40%, RBC writes .

Fun

Yogi arrived in Sberbank not one

Last week, we talked about Indian mysticism and Yogin Sadhguru, whom German Gref called to give a lecture to Sberbank's employees. The meeting took place today, about 20 people attended it, a source close to the bank’s leadership told The Bell.

The speech, according to one of the participants, was about personal growth and the mortality of being. The assistants of the sadhgur, the monks from his ashram, handed over the booklets of his charity foundation “Ish” and talked with bankers about cleaning karma and spiritual practices, added a source close to ashram.

Meeting with a mystic is part of a series of events going now in Sberbank. In addition to Sadhguru, an American physicist and futurologist Mitio Kaku and an American writer, specialist in building teams, author of the book Leader and Tribal, Dave Logan met with the bank’s employees.

Peter Mironenko, The Bell