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Crypto Mining Constraining Hard Drives, Sending Prices Higher: Brian Venturo

May.25 — Bitcoin traded lower on Tuesday as prices pulled back from a double-digit percentage rally, stoked in part by Elon Musk’s effort to bolster the token’s green credentials on Twitter. Brian Venturo, chief technology officer at CoreWeave, talks with Bloomberg’s Caroline Hyde and Joe Weisenthal on “What’d You Miss?” about how digital coins and…

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May.25 — Bitcoin traded lower on Tuesday as prices pulled back from a double-digit percentage rally, stoked in part by Elon Musk’s effort to bolster the token’s green credentials on Twitter. Brian Venturo, chief technology officer at CoreWeave, talks with Bloomberg’s Caroline Hyde and Joe Weisenthal on “What’d You Miss?” about how digital coins and mining are affecting hardware and semiconductors.

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17 Comments

17 Comments

  1. Normalized Audio

    June 1, 2021 at 10:40 pm

    Chia is the big one. Proof of space and time method uses storage more than CPU, from what I gather.

  2. Jiang zhu

    June 1, 2021 at 10:51 pm

    We had a supply of 10 and now we have 2 crypto is evil….come on man. File coin is not even profitable so how are you going to sell this line of shit. Sounds like someone is trying to sell fud again

  3. STOCK GORILLA

    June 1, 2021 at 10:58 pm

    Here are some facts on all crypto assets..

    1. Useless tokens that sit ontop of a blockchain with no real world value or value that’s attached to the underlying asset. No shareholder rights, no voting rights and no rights on liquidation

    2. All of the eth bnb mining fees are based on the individual investors swaping one useless token for another useless token (meme coins). These companies have no real turn over. These useless coin sales are the only thing keeping the lights on.

    3. All defi dapps are based on leveraging/trading one useless token for another useless token, resulting in no real world improvements.

    4. No cryptocurrency name/protocol is unique, I can fork my own chain from btc or rip the exact same code from github, develop my own blockchain exactly like btc, put a token ontop of and call it bitcoin.

    5. Blockchain tech is not new and doesn’t need a useless token to sit on top of it. Using ibm hyperledger which is open source and runs circles around all blockchains out there.

    6. A vast majority claim to be decentralised but are far from that.

    7. Skewed morals of Majority of the investors involved “crypto bros”. They talk one min about “decentralised the world bro, help the small people” and at the same time knowingly and actively being involved in a ponzi scheme to rob novice small investors.

    8. 10x market cap increase in 10months in all crypto assets out of thin air. No new products were created and no new innovations in that time.

    Shaky foundations, never end well.

    Some one prove me wrong.

  4. Investor Mrs.Prisca

    June 1, 2021 at 11:03 pm

    Summer is here again with the restriction of movement of and recess to be enjoyed by most workers .;It’s an opportunity to utilize and redirect this funds into life changing investments as to secure financial sustainability!!!!

    • Emilia Lucious

      June 2, 2021 at 12:53 am

      When you hold, you stand the chance of losing it all, thanks to Expert Fidel I and my husband are retired already.

    • Gosh Billing

      June 2, 2021 at 12:58 am

      Impressive principles ,if you have been saving and it’s not really getting you to where you want to be, then invest that money today for a better life tomorrow. If you can’t fly, run, if you can’t run walk, if you can’t walk crawl but just try and move to achieving your goals..

    • Williams Peters

      June 2, 2021 at 1:01 am

      Most people remain poor only because friends and relatives discouraged and advised them against investing and trading with a Professional, that’s not to say that you shouldn’t try stock although if you are a greenhorn It only means that the learning curve is much, much steeper.

    • Morrison Jeff

      June 2, 2021 at 1:06 am

      @Gosh Billing What will be the stream to generate income after retirement ?

    • Emilia Lucious

      June 2, 2021 at 1:13 am

      @Morrison Jeff Create a crypto portfolio that will generate long term yields while minimizing short term stress.

  5. Chan Frey

    June 1, 2021 at 11:04 pm

    Really can’t says it all but I must tell the world the good job @hackerrambosmart on telegram have been doing for me wow you are so much sir.

  6. tisume1

    June 1, 2021 at 11:28 pm

    Bitcoin’s price action has been fluctuating throughout the past few days and weeks, with bulls and bears both reaching a clear impasse the aggregated cryptocurrency market has been following in Bitcoin’s lead and is struggling to garner any decisive momentum. One analyst is now nothing that BTC has been holding above a key macro level throughout the past few months. He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead. Tips like this are the reason, why it’s advisable for investors and newbies to trade with the help of pro traders like James Clifford. He is always one step ahead of other traders, he fully monitored all my trades to avoid me making mistakes and losing my money. My earnings have increased drastically from 1.7 Bitcoin to 5.6 Bitcoin in just 3 weeks using his strategy. You can easily get to James Clifford Via Telegram-@Cryptowithjames

    • Gretchen Milton

      June 1, 2021 at 11:52 pm

      I agree James strategy is top-notch as I’ve been using it since January to cash out steadily between the price swings.

    • Gabriela Joselyn

      June 2, 2021 at 1:03 am

      I’ve worked with James for about a year now, total professionals He has delivered solutions well above my expectations

    • Wilson Shallow

      June 2, 2021 at 1:24 am

      On the grand scheme of things, once you understand the potential of crypto trading, you can bet on it but I think people need more transparency to fully understand

  7. mrPmj00

    June 1, 2021 at 11:32 pm

    Stocks for the next 5 years: Amazon, Apple, Facebook, Twitter, Nvidia, Microsoft, Netflix. Disney and Wells Fargo for the recovery…’____________

  8. Meaningful Disruption

    June 1, 2021 at 11:59 pm

    Bloomberg got attitude ?

  9. Kate Chandler

    June 2, 2021 at 12:29 am

    TRUSTED HACKERJOE222 ON TELEGRAM APP 🤝🤝 I WAS DOUBTING TO WORK WITH YOU I WAS SCARED 😱 BUT NOW I’M HAPPY 😃 AND GREATFUL .I GOT 6BTC IN MY WALLET. I CAN NOW BELIEVE THIS IS A REAL HACKER……

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Bloomberg Technology

Former President Trump Speaks and Dell Shares Sink | Bloomberg Technology

Bloomberg’s Ed Ludlow breaks down results from Dell as shares sink after reporting its quarterly results. Plus, Former President Trump weighs in on his guilty verdict, and EU Commissioner Věra Jourová talks about her meetings with tech CEOs on social media, elections and misinformation. 00:00 – Bloomberg Technology Begins 38:00 – Věra Jourová, EU Commissioner…

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Bloomberg’s Ed Ludlow breaks down results from Dell as shares sink after reporting its quarterly results. Plus, Former President Trump weighs in on his guilty verdict, and EU Commissioner Věra Jourová talks about her meetings with tech CEOs on social media, elections and misinformation.

00:00 – Bloomberg Technology Begins
38:00 – Věra Jourová, EU Commissioner
45:45 – Noelle Acheson, “Crypto is Macro Now” Author
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Bloomberg Technology

US Regulators Pave the Way for Ether ETFs

An unexpected sign-off from US regulators last week paved the way for another landmark in the cryptocurrency industry: ETFs investing directly in Ether. Noelle Acheson, author of “Crypto is Macro Now,” joins Ed Ludlow to discuss why she thinks it is not a good product on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg…

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An unexpected sign-off from US regulators last week paved the way for another landmark in the cryptocurrency industry: ETFs investing directly in Ether. Noelle Acheson, author of “Crypto is Macro Now,” joins Ed Ludlow to discuss why she thinks it is not a good product on “Bloomberg Technology.”
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Bloomberg Technology

Telegram Is an Issue, EU Commissioner Jourová Says

Věra Jourová, vice president of the European Commission for Values and Transparency, joins Ed Ludlow following her meetings with the CEOs of X, Meta, YouTube, Google, Netflix, and TikTok on the role of AI in tech, the media, and election misinformation. She speaks on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on…

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Věra Jourová, vice president of the European Commission for Values and Transparency, joins Ed Ludlow following her meetings with the CEOs of X, Meta, YouTube, Google, Netflix, and TikTok on the role of AI in tech, the media, and election misinformation. She speaks on “Bloomberg Technology.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
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