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[thisweekingambling]

New Strip Resort! Vegas Baseball! Bally's Transition! This week's gambling news finds J.Todd out on the Las Vegas Strip, as he was in town for the Global Gaming Expo! In addition to coverage of new games and interviews from the show, there is Las Vegas news on the changes at Bally's Casino, the new Tilman Fertitta resort, and how Las Vegas baseball could be a done deal!

[casino-lover]

Camel Cash Casino

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[betwala-blog]

Challenge Yourself and Try Out Online Betting

It is important for us to discover new hobbies and interests as we grow older. It’s not hard to try new things now. You don’t even have to leave the comforts of your own home. People all around the world learn and try new things every day while they’re on the internet. You can take online lessons, play games, and connect with other people.

If you’re looking for new challenges, you should consider trying online betting. This only applies to you if you’re 18 and older. Betting sites only allow people that are 18 years and older to register online. Online betting is not expensive. Top betting sites even offer welcome bonuses to new bettors.

Choose a sport that you’re familiar with. You can look at the ongoing matches online. You can try betting on a team you think will win. You can also try watching some matches to see which team is performing better. Try to also look at the odds on which team is more likely to win.

Online betting is easy and it does not take a lot of time. You don’t know if you’ll like online betting if you don’t try. Read some reviews on betting sites first before you choose which one to visit.

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Some of the sites mentioned above also let you play online casino games. You can also try playing them as well. If you liked online betting and decide to continue betting in the future, you should remember to practise responsible gaming. Set aside a small budget for online betting and try not to spend any more than you already said you would.

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[uclexhibitionproject2016]

Divine Seafood Xu Zhe Hardcore Dialogue: How come hedging an important skill for miners?

2020 may be the most particular 12 months for Bitcoin in the past eleven years. A lot of mining machines are facing various dangers and life and death assessments. Supply chain delays have avoided large-scale brand-new mining machines from showing up, and mining has a "zero-sum video game" In today's state, there are increasingly more abilities that miners have to master. On May 26, Shang Silin, co-founder of Mars Fund and Us president of Mars Cloud Mine, had a hard-core dialogue with Cobo & Yuchi co-founder Shenyu and well-known trader Mr. Xu Zhe, focusing on hedging-a must-have for miners in 2020 Skills to talk about and discuss, the following may be the dialogue textual content collation.

The guests' main point of view is that mining is a zero-sum game, and the excess returns are attained when other miners fall. Hedging is a device to resist violent marketplace fluctuations and dark swans. When the 312 crash, the number of mining machines was even more than halved. Every miner should consider his own danger exposure and do not ignore it since it will be complicated or not intuitively suitable. Hedging can be life-saving in acute cases. It is a important means to determine whether miners can obtain excess returns using their opportunities, or if they can recover their costs. Selling part at the proper price may be a risk-averse strategy commonly used by miners, nevertheless, you may possibly not be lucky enough to understand the chance, so our strategy would be to consider reducing chance exposure before making a decision, and at least section of it Set out the electricity bill. Mining is a stock game market. The low the price of the currency, the greater bitcoins can be mined by a one mining machine. Consequently, many friends who have not done hedging may find the fact that marginal cost and the marginal revenue are inconsistent, and open the opportunity to reduce electricity. Shut down. Xu Zhe miners must very first ensure that they are able to survive and do not escape, otherwise, the blockchain trend has nothing in connection with you. You don't have to think about whether the black swan should come. The dark swan will definitely come. It really is nothing more than when also to what extent. This can't be prevented. Regardless of the higher or low insight cost, you need to have this sort of thinking. It isn't that hedging is highly recommended when investing a large amount of capital. They have nothing in connection with additional money and less overall. You'll want a risk handle thinking to survive. To do hedging, you need to choose to use futures or choices to lock in the value from the currency at a time when mining is profitable. I purchased a batch of mining machines myself, and then short the futures, combined with some option combinations, to create a relatively stable asset value, which can continue steadily to generate cashflow. Most miners have faith in Bitcoin and will not short all their result, as long as they short the electricity bill. Then use futures to short 60% of the future bitcoins produced by the mining machine. In this way, your electricity bill must be guaranteed every month before day you pay out the electricity bill, you'll be able to continue to dig. Don't speculate. Anyone who has a little speculative mindset will be trained by the market. Don't confront the father of the market. It is possible to hedge as much as you need. Interview textual content finishing Shang Silin (host): Nowadays we share the theme of uncovering the secret of hedging. Today's miners have more choices than in the early years, but what I see now is whether it's depositing coins to earn attention, mortgage financing (staking BTC to obtain USDT), whether it's paying electric bills or in the supplementary market Operation, they are to help everyone keep Bitcoin and keep the position in hand. I personally understand that hedging isn't the same as the above two, and it is not entirely a currency standard. Because Bitcoin will be highly volatile, additionally it is important whether your currency can be anchored in the value of fiat currency. However, after encountering 312, and current marketplace fluctuations, miners will encounter a reduction in halving earnings, an increase in doubt, and better volatility. It is estimated that many people have a training in blood and tears, therefore now we are talking about hedging. This topic comes at the proper time. Let me give you a brief introduction to today's two guests. Shenyu is a big miner that has experienced several halvings. He is furthermore the co-founder of Cobo and the co-founder of Yuchi, the world's largest Bitcoin mining pool. Xu Zhe is a well-known financial head on Zhihu, and the author of "Zero Pie inside the Sky". He's got written many content articles about Bitcoin. It is estimated that many people beyond your circle understand that Bitcoin will be through Xu Da's post. He is furthermore a front-line hedge The chief strategist from the fund. We myself (Shang Silin) ??worked in the media for more than ten years and venture capital for 3 years, and now I am the co-founder of Mars Finance and the president of Mars Cloud Mine. We usually talk about how to do hedging and how to avoid the risks from the supplementary market. It just happened that today, because the spokesperson of a new miner, I furthermore talked about hedging with two experts. When did Shenyu start hedging? Shang Silin: When do Shenyu start hedging? That which was the opportunity? Like a senior miner, what do you consider is the utilization rate of hedging in the currency group? Shenyu ??: I didn't have this awareness at the beginning. After stepping around the pit, I noticed that we have to use this solution to hedge dangers. In 2013, we made silverfish mining machines. In those days, our mining machine strategy was not the same as that of present mining machine producers. After we finished the potato chips, we focused on mining by ourselves. In those days, the break-even stage of mining Litecoin was calculated to be around 30 yuan, and close friends from traditional financing around me personally suggested that we carry out hedging. But initial, because the price of Litecoin has been still relatively higher in those days, more than 100 yuan, with several times the net profit, everyone believed it had been OK; second, lack of professional financial knowledge, therefore no hedging. With the gradual bulk production of the device, the price of the currency fell all the way after 380, and fell to the cheapest of 5 yuan in 2015. The cover up cannot cover the expense of electrical power and can no longer continue to dig. We elect to shut down throughout the day, because electrical power is very costly in the commercial park throughout the day, and during the night may be the valley, therefore we utilize the electrical power at night. Later on, I found the fact that electrical power at night could not be supported, therefore i had to turn off. Later on, when resuming the market, we will recall that if we create an integral part of the position at the proper currency price, for instance, if we set out the electrical power bill for a period, it would not be turn off later; in addition, compared to additional mining machines, we It could dig for longer, therefore with regards to currency standard and legal currency standard, it could get more benefits. This matter touched us a whole lot. Since then, when making investment decisions in the mining sector, we will initial be sure to reserve a period of electric bills and reserve a degree of cash. Derivatives weren't so developed in those days. We all sold the spot straight. For example, if we purchased 1,000 mining machines, we could mine 1,000 bitcoins in two years, and the electrical power bill accounted for 30-40%. After that we are in a far more appropriate one. First sell 400 bitcoins at the price and keep the electrical power bill. In this way, whether or not the price of the currency goes up or falls, you will see no closures; compared with other competitors on the market, we can dig more bitcoins during the life cycle from the mining machine.

Image resource: Weibo @?BTCer Shang Silin: Selling a part in an appropriate price may be a risk aversion technique commonly adopted by miners. Shenyu ??: Indeed, but you may possibly not be lucky enough to grasp the chance, so our technique would be to consider reducing risk exposure before making a decision, and at least cover part of the electricity bill. Shang Silin: A pal said at the moment that hedging is now a tool commonly used by miners, best? I think it isn't. Shenyu ??: As far as I know, some huge miners who have stepped around the pit are aware of hedging and could begin to use strange ways to try to build hedging positions. A lot of small and moderate miners haven't any such consciousness. They think it doesn't matter, they are all in directly, the amount of assets is also small, and they gambled, but this mentality isn't so healthy in the currency circle. A lot of miners mentioned that hedging is very simple, just short in the futures marketplace. But as the futures marketplace has a lot of inconsistencies with the market, as well as vicious events such as for example needle insertion and door painting, if you don't have professional financial knowledge, you'll transfer your danger contact with the futures marketplace. So how exactly does Xu Zhe formulate a hedging technique? Xu Zhe: If a miner sells coins as soon as he digs a coin every day, his typical selling price may be the typical price of coins sold every day during the mining period. If the average price is lower than the shutdown electrical power price, the mining will eventually lose more money. There is no way to avoid the risk of falling currency prices, because I don't know when the currency price will fall or just how long it will fall. Consequently, for hedging, you need to choose to use futures or choices to lock the value from the currency at a time when mining will be profitable. For example, the electricity bill from the mining machine now accounts for about 60%. That is to say, if you can mine one bitcoin a month and you have to use 0.6 bitcoin to cover the electricity bill, nowadays there are two choices: One would be to short all of the power bills within the next a year, 12⊙0.6=7.2, short 7.2 bitcoins initial; mine 12 coins per year and remove 7.2 coins to cover the electricity bill, in order that even though the bitcoin drops to 3,000, If it can't hurt you, it means you don't need to turn off if you're around 3,000, but other people have to turn off. If another person shuts down, the difficulty of computing strength will be adjusted, and you can get more bitcoins. Furthermore, after covering 60% from the electricity bill, there is still cashflow still left, and some liquid assets are still left for yourself. When the currency price does not rise, the difficulty of computing strength increases, and the monthly output from the currency decreases again. Regarding a degree of liquidity, life can be rescued. In addition to shorting electric bills, there is another substitute for short all output. That is to treat it as a real asset. Or assume that certain bitcoin is created every month, and first short the output within the next a year (12 bitcoins), after that what you get is the motivated future dollar cashflow, after which use this future motivated dollar cashflow as cashflow The discount algorithm is calculated so far. Review it with the price of the mining machine to find out if it's cost-effective along with a good purchase. If it's, you'll be able to do this. However, most miners have faith in Bitcoin and will not short almost all their output, as long as they short the electrical power bill. Then use futures to short 60% of the future bitcoins produced by the mining machine. In this way, your electricity bill must be guaranteed every month before day you pay out the electricity bill, you'll be able to continue to dig. You must first ensure that you can survive and do not escape, otherwise, the blockchain revolution has nothing in connection with you.

Sometimes mining will encounter some unexpected circumstances. Shenyu will need to have encountered more than I have experienced, such as unexpected network fluctuations or hardware failures. I originally said that I could mine one bitcoin in a month, but in the end it was only 0.95. One, 0.94, this is very possible. What if you shorted one bitcoin on futures and then mined 0.94 bitcoins? When the currency price continues to be rising now, after that futures will undoubtedly be vacant, isn't it a reduction? So you have to save some remaining cashflow to safeguard yourself. I have already practiced every one of the above strategies, and when We haven't practiced them, We dare not talk about them in vain. I purchased a batch of mining machines myself, and then short the futures, combined with some option combinations, to create a relatively stable asset value, which can continue steadily to generate cashflow. Shang Silin: Will the hedging percentage be adjusted according to the proportion of electricity costs. For example, the existing high proportion of electricity costs indicates the fact that currency price is usually relatively in a minimal period; the low proportion of electricity costs indicates the fact that currency price reaches a high level. Adjust the percentage of hedging? Xu Zhe: Zero, the proportion of electric bills has nothing in connection with whether the currency price is overestimated. The currency price can also rise once the proportion of electricity costs is low, and the currency price can fall when the proportion of electricity costs is high, that is different from the thought of ??traditional spot commodities. In the traditional bulk commodity market, for instance, oil has fallen below the mining cost of oil fields, and copper and iron are less than the mining cost of mines, so prices cannot fall. Because in the case of limited stocks by the traders that produce spot goods, if the mining manages to lose money, the supply will also decrease. For example, when crude essential oil fell to greater than a dozen US dollars some time ago, many essential oil fields stopped starting; before iron ore plummeted, mines stopped mining. Because the supply of commodities on the planet decreases, prices rise, so prices will never be less than mining production costs for quite a while, but Bitcoin is different. Bitcoin mining makes money again, or even loses money again, in addition, it raises by 50 bitcoins, 25 bitcoins, 12.5 bitcoins, and 6.25 bitcoins every 10 minutes. Even though the mining machine loses its cost, it shuts down and sells at a discount. Regarding the two times when scrap iron comes, it still items 6.25 bitcoins every 10 minutes. The supply rate is quite certain and will not change as the miners are losing money. Consequently, if Bitcoin mining electrical power costs are particularly high, you won't affect the supply, and it'll not change in any way, but only modification the difficulty of mining. Which means you can't say that electric bills be aware of a higher proportion of electric bills. Bitcoin gets the potential to rise in the foreseeable future. Can I reduce my hedge? Extremely hard. It isn't scientific to utilize the proportion of electric bills as a research indicator for future years of currency prices. Don't speculate, any speculative mindset will undoubtedly be taught by the market. Don't confront the market dad, simply hedge as much as you need. So how exactly does Shenyu formulate a hedging technique? Shang Silin: I'd like to inquire Shenyu, how do you determine the timing and percentage if you are creating a hedging technique? Shenyu??: There are several time nodes in the mining process. The very first time node would be to decide whether to purchase a mining machine. At the moment, we will create a design to calculate the payback period, how long it will be for the existing computing power, electrical power bill, etc., and then according to the trouble of the market and the predictable trouble Cycle, roughly estimate the return period and profitability, in the end, this can be a big investment. Before placing an order for any mining machine manufacturer, We already had an over-all psychological expectation. Understanding whether the mining machine will pay back again the cost in 120 days or 200 days, you'll be able to basically determine the composition from the electrical power bill-or before the cost is paid back. The amount of money flow of electric bills have to be prepared when online profit is attained. Usually if you are determined to get a mining machine, the price of the mining machine and the price of the coin are still fairly good; or the coin price is quite poor, and the mining machine is significantly undervalued, such as for example after a sharp drop. So at the moment, we elect to hedge part of the currency in line with the currency price. For example, if the currency price is higher, we may cover up the electrical power bill for the whole life cycle; if the currency price is low, at least 30 days to a quarter from the electrical power bill. In this way, it could be guaranteed that even though the market falls sharply in the foreseeable future, these mining machines can still be turned on. At the moment, Xu Da furthermore mentioned the fact that mining market is different from the traditional oil mining marketplace. Mining is a stock game market. When the currency price is lower, the greater bitcoins a one mining machine can dig, a lot of friends who have not done hedging may find the fact that marginal cost and the marginal revenue are inconsistent. Consequently, the electricity bill will be protected by means of hedging, so that the mining machine can still be mixed up in market once the currency price is lower, and can dig more bitcoins. At exactly the same time, because we are a currency-based investment, or you want to acquire more bitcoins, a number of the online revenue of mining machines are stored by means of coins. If there is a large-scale increase in the currency price, for instance Like the marketplace in 2017, you will see two parts of benefits: One part may be the coins dug out following removing the electricity bill, and the rest of the coins with this part can also be valued. Furthermore, the mining machine is a kind of hardware resource, and the price of the mining machine will react violently during the fast price increase. Because hardware developing is usually cycled, and price increases occur rapidly, the distinction between these two parts of earnings is already spectacular for miners. So we just need to hedge, make sure that we are still running the device in the worst case, and dig more bitcoins than our competition on the market, and we will win. Xu Zhe: Indeed, I agree. Live life, live to the day when there is a chance. There is an old saying in the industry-losses are dependant on yourself, and wealth depends upon the market. I don't know whether Bitcoin will rise to 14,000 or 18,000. Just how much it goes up and how much cash you make are dependant on the market. But you can decide how very much you hedge, whether you intend to cover half of it or the full set, or simply cover 1/10. It is possible to decide whether you can survive, and then the market determines how much you can get wealthy and what we can do Just make sure you can survive initial. So long as you reside long enough and do not choose the incorrect market, you will definitely have the ability to make money. If you cannot survive, no matter how good the market is, you can only break up your thigh. So my advice to many people are: whether you are doing contract trading or mining, everyone will need to have a bottom line, that is, to ensure that they endure. There is no higher principle than this. Shang Silin: Indeed, it is actually fighting contrary to the risk of Bitcoin volatility. What function can hedging play? Shang Silin: You two can talk about the specific function of hedging in the extreme marketplace of 312 and in working with the halving? Shenyu: Within the few days once the 312 plummeted, the currency price fluctuated between three and four thousands of. The S9s which were on the market had been all turn off, a lot more than the number of halved shut downs. There was a touch upon Weibo before that everyone laughed at Jiang Zhuoer for hedging more than 8,000, and the hedging was halfway in the mountain. However, after a sharp fall of 312, searching back at the hedging price, although the price may possibly not be high, it still made him perform less badly beneath the extreme market. Although the duration of 312 was not so long this time around, it rebounded rapidly, but under normal circumstances, the currency price will stay sideways at the bottom for a long period, so hedging can be guaranteed to be in a bottom variety. When many people are turn off, let's do it. The hedged mining machine can also be powered happily. Lots of people have lost their self-confidence in mining in the bottom interval. If indeed they do hedging, you will see a big floating profit at the moment. You can also stop an integral part of the listing and quickly discount it.

Image resource: Weibo @?BTCer

The other may be the halving. The halving provides about a substantial reduction in the earnings of miners. A lot of miners turn off in the early morning of the day from the halving, as the electrical power bill in those days (specifically the electrical power bill during the dried out season) could not cover the result in those days. If you do hedging at the proper time, even though the electrical power bill is fairly high, you can still continue mining. At the very least you should use exactly the same mining machine. If you open it for a period longer than additional miners, then your income margin will undoubtedly be produced. , The payback period becomes shorter. Therefore, hedging is a very good financial tool and methods to resist violent marketplace fluctuations and black swan events. I suggest that every miner carefully think about this danger exposure, not since it will be complicated or undesirable intuitively. Thing, simply ignore it. Hedging can be life-saving in acute cases. It is a important means to determine whether miners can obtain excess returns using their opportunities, or if they can recover their costs. How come hedging required? Xu Zhe: Although I haven't already been mining for a long period, I know from my communication with close friends of miners that it's not that mining must make money. In history, there were many incidents of miners getting out in large numbers. This fish employer must have experienced it. . You don't have to think about whether the dark swan should come. The dark swan will definitely come. It really is nothing more than when also to what extent. This can't be prevented. Regardless of the higher or low insight cost, you need to have such thinking. It isn't that hedging is highly recommended when investing a large amount of capital. They have nothing in connection with additional money and less overall. You'll want a danger control thinking to survive.

And the fact of living will actually bring you benefits. To become cruel, you might have additional benefits which are accomplished by those that do not have danger control escaping .. This market is quite cruel, and the target laws of the market are like this. Shenyu ??: Indeed, when carry out miners make the most money? After the crash, the surviving miners find out excess bitcoins, therefore each round from the crash will generate the rise of a new drive of miners. Some miners with eyesight and unique danger control features survive on the market. , Has accumulated resource advantages.

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