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Search resuls for: "Jeremy Fisher"


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☆ Chinese-Owned Bitcoin Mines Are Using up America's Energy, Electricity
  + stars: | 2024-09-10 | by ( Taylor Dorrell | ) www.businessinsider.com   time to read: +13 min
Concerns about the use of cryptocurrencies for illegal activity resulted in an effective ban on crypto mining and transactions. After a massive public outcry at the end of 2021, mining companies in Kazakhstan were effectively cut off from the grid. Today, the US makes up about 40% of the global hashrate — up from 17% during China's 2021 peak — making America the biggest hub for bitcoin mining. However, in recent years, bitcoin mining has become increasingly concentrated in the hands of a small number of private companies. Given how much energy bitcoin mining consumes, it's worth questioning whether its presence in the US is really worth the trade-off.
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☆ In this volatile housing market, here's how to know when the bottom is in
  + stars: | 2023-02-18 | by ( Tim Mullaney | ) www.cnbc.com   time to read: +13 min
"People for the most part have come to terms with interest rates." No return of 2008, or 3% mortgage rate The biggest reason why housing prices aren't plunging like they did after 2008? At current levels, the Housing Affordability Index says the median buyer can afford the median U.S. home — but barely. Having seen 6 percent interest rates when she bought her first place in 2007, she's not daunted by today's rates, she said. "People have wrapped their heads around where interest rates are, and they have adapted," Fisher said.
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