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ryanmcgarvey

73 karma · joined August 28, 2014

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ryanmcgarvey··on Masayoshi Son, SoftBank, and the $100B Blitz on Sand Hill Road
Unsophisticated Individuals certainly can’t invest in private equity, but I’m curious if there are similar rules against a pension fund or other such collection of unsophisticated money having high risk assets in their portfolio.
ryanmcgarvey··on A Texas Utility Offers a Nighttime Special: Free Electricity
9pm - 6am sounds like prime Bitcoin crunching time.

It was my understanding that the limiting factor, or rather the "cost" of mining bitcoints, ultimately comes down to power consumption. Effectively if $/kWh * kWh/bitcoint < bitcoint value, you can turn a profit.

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