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+ - Bitcoin miners under pressure as value collapses->

Submitted by Anonymous Coward
An anonymous reader writes "The virtual currency Bitcoin lost 21 per cent of its value yesterday, equating to a total loss this year of 44 per cent. Reports have suggested that this rapid fall is squeezing computer supporting systems and is raising alarm about its future viability. Bitcoin’s value fell to $179.37, 85 per cent lower than its record peak of $1,165 at the end of 2013. In total, nearly $11.3bn has been lost in Bitcoin’s value since its 2013 high. The decline has raised concern for Bitcoin ‘miners’ who support the transactions made in the digital currency, and whose profits become squeezed as its price falls against traditional currencies."
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Comment: Re:Easy solution (Score 0) 348

by ProzakLord (#47878521) Attached to: When Scientists Give Up
Do not look to Europe over the last 14 years the educational sytem has started charging more and more for undergraduate studies. The research funding bodies have been cutting down progresively their funds and certain fields like the humanities are completely devoid of funnding or brainpower after the Bologna agreements passed making only technical studies interesting. PhDs are extremely lucky if they get a first post-doc, that is you just showed you can do research and no one hires you to do it. China on the other side has already reached the level of investment of the EU. More and more conferences and events are now organised in China, if I were a student now it is mandarin I would be focusing on as a way of landing a research job. Hell its on my todo list already and I am only one year away from finishing my PhD in computer science in The Netherlands. One of the few EU countries with Germany that takes reseayarch seriously, yet cuts are also being felt here.

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