As energy prices soar, the bitcoin miners may find they have struck fool’s gold

This morning’s Observer column:

In the bad old days, prospecting for gold was a grisly business involving hysterical crowds, pickaxes, digging, the wearing of appalling hats, standing in rivers panning for nuggets, “staking” claims and so on. The California gold rush of 1848-55, for example, brought 300,000 hopefuls to the Sierra Nevada and northern California and involved the massacre of thousands of Indigenous people.

In our day, the new gold is bitcoin, a cryptocurrency, and prospecting for it has become a genteel armchair activity, although it is called “mining”, for old times’ sake. What it actually involves is using computers to perform unfathomably complicated calculations to create cryptographic “hashes” – codes that are, in practical terms, uncrackable. While the technical side may seem intimidating, platforms and tools have made it easier to break down the barriers to entry, allowing people to tap into the potential of cryptocurrency from the comfort of their homes.

In much the same way, trading cryptocurrency is no longer an activity reserved for experts in the field. With platforms like Immediate Flex deutsch, even newcomers can dive into the world of digital assets with confidence. The platform provides educational resources and intuitive tools that make navigating the complexities of cryptocurrency trading far more manageable.

Whether you’re interested in buying Bitcoin, Ethereum, or exploring newer altcoins, Immediate Flex equips you with the knowledge and tools needed to make informed decisions. The combination of accessible learning and user-friendly trading features allows individuals to participate in the exciting and fast-paced world of cryptocurrency trading without feeling overwhelmed.

Sounds intimidating, doesn’t it? But in reality anyone can play the game. You just have to have the right kit…

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