The cost of mining for cryptocash

Cryptocurrencies have been on a tear lately.

Bitcoin topped $58,000 in February for the first time. Ether, the world’s second-biggest cryptocurrency, has also hit record highs this year.

Even dogecoin — a cryptocurrency invented as a joke that does not have the same serious function and institutional backing as bitcoin — surged more than 50% in the last month after a tweet from Tesla CEO Elon Musk.

It is easier than ever to buy a small fraction of one bitcoin using an app such as Coinbase. However, that’s not the only way investors can get their hands on cryptocash.

Investors can also mine for the digital currency. CNBC went to a blockchain production studio in Brooklyn to learn how to mine for bitcoin’s biggest rival, ether, before the Covid-19 pandemic started.

Watch this video to learn how to mine for cryptocash and to find out how much it costs.

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As hiring picks up, bond investors see a stronger economy.

The yield on the 10-year Treasury note, a benchmark that influences the cost of borrowing for companies and households alike, jumped sharply on Friday morning after the government reported a strong increase in hiring in February.

American employers added 379,000 jobs last month, led by solid gains in leisure and hospitality, which investors seemed to take as a signal that the economy is rebounding. Rates on government bonds have been creeping up since the start of the year as investors bet that big government spending, widespread vaccinations and cheap-money policies from the Federal Reserve would cause the economy to grow more strongly while pushing inflation slightly higher.

The 10-year note rocketed above 1.6 percent shortly after the jobs report, roughly matching its level at the start of the pandemic. That rate had slipped to just above 0.5 percent last summer.

Fed officials have generally painted the recent increase in bond yields as a sign that investors are growing optimistic, rather than as a problem. The Fed chair, Jerome H. Powell, said on Thursday that the central bank would be concerned if the move toward higher yields grew messy — as market moves did last year, when trading in key securities became difficult — or if they made credit hard to obtain.

said on Thursday. “But even if that happens, as now seems likely, it will take some time to achieve ‘substantial’ further progress.”

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