Are bitcoin atms profitable

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How Profitable Are Bitcoin ATM Machines? Bitcoin Of …

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Bitcoin ATM Business Profit Calculation. March 21st, 2018. Many investors are eager to start investing in the Bitcoin ATM business, but before you start on this new venture, you need to plan accordingly. This St. Louis Missouri Bitcoin ATM business calculation is done without considering marketing expenses or promotional costs. You will also

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Is Owning A Bitcoin ATM A Profitable Business Easy

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That is why the bitcoin ATM is such a useful tool that is surely profitable to own a couple. They function like basic ATMs where you are doing all the transactions needed. Although this used to be a thing that is done virtually, many people are skeptical and prefer doing that using a bitcoin ATM.

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Is Owning A Bitcoin ATM A Profitable Business The Video Ink

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That is why the bitcoin ATM is such a useful tool that is surely profitable to own a couple. They function like basic ATMs where you are doing all the transactions needed. Although this used to be a thing that is done virtually, many people are skeptical and prefer doing that using a …

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How Do I Get A Bitcoin ATM?. Are Bitcoin ATMs Profitable

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Are Bitcoin ATMs Profitable? We have several ways that you can profit by hosting a CoinCloud Bitcoin ATM. Our hosts are very happy with the arrangement, and we’d be pleased to have a current host talk to you about it. Or you can view our video case studies. Just fill out the short form on our Host Info page to get started.

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Bitcoin ATM Profitability Calculations Bitcoin Of America

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The Bitcoin ATM business is turning out to be more profitable than expected. In this article, two scenarios are shared based on the investment made with Bitcoin ATM machines. This estimation is taking into account all possible parameters for a Indianapolis, Indiana Bitcoin ATM operation. In some cases, the volume of the transaction may be

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Bitcoin ATM Profitability Part 1 — Theoretical

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This scenario is taking into account the assumed average parameters for the Bitcoin ATM operation metrics, in particular cases the volume of transactions may be higher and the calculated return on investment is different. For example, the first Bitcoin ATM in Vancouver became profitable in less than a month period (see practical examples).

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Revenue And Costs Of Running A Bitcoin ATM Blog Coin

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You can find bitcoin ATM locations on our map. Subscribe to our Twitter account to get latest news from bitcoin ATM industry @CoinATMRadar. Related posts: There is no figure in $ per ATM. Running ATMs can be profitable, or you might also have losses. Revenue is different from machine to machine and depends on many factors.

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12 Months On, Bitcoin ATMs Are Making Money ATM Marketplace

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12 months on, bitcoin ATMs are making money. Lamassu says that its Bitcoin ATMs have been paying off their initial investments short order, drawing $1,000–$3,000 in gross profits monthly. An industry that was nonexistent a year ago is flourishing and profitable today, according a news release from bitcoin ATM-maker Lamassu.

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Bitcoin ATMs Dominate Top 5 Articles Of 2021 ATM Marketplace

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Bitcoin ATMs dominate top 5 articles of 2021. It's difficult to believe we are almost to the end of 2021, while many of us are still processing 2020. But through all these years, ATM Marketplace has continued to report on the banking and fintech industry. And for this year in particular, one topic rose above the rest to dominate the top most

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Would A Bitcoin ATM Be Profitable? Quora

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Answer (1 of 2): 1. Need the right location (where people use it). 2. BTC price needs to go up or stay the same. I've been to the Robocoin Bitcoin ATM in Austin (the one at the Handlebar), and the guys at that company obviously think that the ATM's can …

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How To Start A Bitcoin ATM Business? (2022 Update)

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Bitcoin ATMs are these cool machines that allow you to buy (and sell) Bitcoin using cash or debit card. A Bitcoin ATM needs an Internet connection to make the Bitcoin transaction. Close to 40% of all Bitcoin ATMs today are two-way (buy and sell), and about 60% are one way (buy only). Generally, these are very much like standard ATMs.

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How To Make Money In Bitcoin Through ATMs ChainBytes

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Profit from a Bitcoin ATM. There are several ways for a store or a service provider to profit from operating a Bitcoin ATM (or a crypto ATM). We’ll cover the most obvious right away, just look at the direct profit from fees the operator is charging for the transactions on the machine. The fee charged is the direct profit for the owner of the

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How To Start A Bitcoin ATM Business: Is It Profitable?

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Choosing your Bitcoin ATM. Now that we’ve covered legal issues, let’s focus on the stage where you have to purchase a Bitcoin ATM. Remember that there are two kinds of Bitcoin ATMs: one-way machines and two-way machines. The former only allows customers to purchase Bitcoin. Statistically speaking, the lion’s share of such machines is one

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How Can You Make Use Of Bitcoin ATMs? Know About The

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2 days ago · Are you looking to buy bitcoin crypto? If yes, then a bitcoin ATM can be one of the best options for investors, and one can easily use it for buying and selling digital coins. The best thing about using the bitcoin ATM is it requires zero effort, and you do not need to worry about security. Most people in foreign countries use this ATM daily when they need profit.

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Lamassu: Bitcoin ATM Owners Earning Up To $36,000 Per Year

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Bitcoin ATM manufacturer Lamassu has released new data that aims to illustrate that its core product is profitable for owners. By Pete Rizzo Nov 21, 2014 at 4:50 a.m. UTC

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How Much Can I Expect To Make Owning A Bitcoin ATM? Quora

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Answer (1 of 6): A Bitcoin ATM follows a unique concept unlike an Automated teller machine, where the bank customers can physically withdraw, deposit, or transfer funds in their account. Source: Google Images People interested in buying bitcoins can scan a Quick Response Code (QR) corresponding

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Police Warn Bitcoin ATMs ‘easier, More Profitable’ For

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The report suggests a criminal group could purchase a Bitcoin ATM—“an ideal money laundering vehicle”--for a few thousand dollars and “put all their cash through that one ATM, laundering the money as many times as required and either profit from or eliminate the transaction fee.”

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Bitcoin ATMs: Criminals Target Cryptocurrency Transactions

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Bitcoin ATMs can be huge fraud target. Criminals are cashing in on bitcoin ATMs around the country, using the convenient, largely anonymous transactions for drug trafficking, money laundering and

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Host A Bitcoin ATM Or Teller Window Become A Location

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Are Bitcoin ATMs Profitable for Your Business? Yes, hosting a Bitcoin ATM or Teller offers many benefits, including additional passive revenue to your existing business. DigitalMint has no revenue share restrictions, so your earning potential is unlimited. See below for other DigitalMint partner benefits.

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How To Withdraw Money From Bitcoin ATM INOCrypto

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Bitcoin ATMs are limited to $ 1,000 to $ 10,000, and you can not withdraw more than that. Still, with 3 million ATMs globally, the rate of distribution and use is much lower than we expect. How to withdraw money in Bitcoin ATM. Depending on the type of Bitcoin ATM, most of these platforms perform two-way operations to buy and sell bitcoins.

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Ultimate Guide To Starting A Bitcoin ATM Business

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The basics of how Bitcoin ATMs work. The popularity of Bitcoin ATMs, also known as BTMs, has grown particularly fast in countries with volatile financial markets like Venezuela where citizens like quick access to global digital assets like Bitcoin. Citizens in these countries are interested in quickly offloading their country’s currency for a digital asset that is …

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What Is A Bitcoin ATM How To Use It And Where To Find

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A Bitcoin ATM acts like a physical Bitcoin exchange where you can buy and sell Bitcoins with cash. The world’s first Bitcoin ATM was opened on October 29, 2013, at Waves Coffee Shop in Vancouver, Canada. The device is often comprised of a scanner, a cash dispenser, and a computer to manage the transactions.

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Bitcoin ATM Business Plan [Sample Template For 2022]

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Below are the sales projections for Rick Greene® Bitcoin ATM Services, Inc., it is based on the location of our business and other factors as it relates to bitcoin automated teller machine (ATM) services; First Fiscal Year (FY1): $240,000. Second Fiscal Year (FY2): $550,000. Third Fiscal Year (FY3): $950,000.

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GetCoins 250+ Bitcoin ATMs Near You: Need To Buy Bitcoin

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Are bitcoin ATMs profitable for you? Earn Extra Revenue. Earn extra income selling Bitcoin. Getcoins generously compensates business partners. Increased Foot Traffic. Our ATMs can bring up to 40% more foot traffic to your store! Many of our customers end up buying a small item after using our Getcoins Bitcoin ATMs.

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Bitcoin ATM Find Locations Near You Bitcoin.com

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Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person.

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Fighting For Financial Freedom With The Bitcoin ATM Pros

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They offer Bitcoin ATMs, face-to-face over-the-counter crypto exchange, and an online crypto exchange. “We already have profitable utilities and …

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Spain Wants To Be A Crypto Hub With 100 Bitcoin ATMs To Be

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1 day ago · At the moment, there are over 36,000 Bitcoin ATMs globally. However, North America accounts for 94.9% of the total number of Bitcoin ATMs globally (the United States has 30,835 and Canada has 2,266).

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What Are The Dangers Of Bitcoin ATMs In Florida

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For cryptocurrency investors, Bitcoin ATMs offer convenience for what’s become a profitable sideline. Tim Hudnall started buying bitcoin few months ago with an investment of $700 and has seen

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BASH Bitcoin ATMs

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Being a Bitcoin ATM licensee ensures you have all the support and resources to ensure your Bitcoin ATM business is extremely profitable. BASH Bitcoin ATMs Bring a New Level of Security to Bitcoin ATMs. We hold ourselves to a higher standard. Our ATMs are made American tough by a 100% American owned company.

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Cash2Bitcoin: As Bitcoin Greatly Outperforms S&P 500

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Note: “Present value” and “Potential profit” based on price of Bitcoin on Sept. 7, 2021. Such profits and the convenience of using physical locations significantly outweigh the …

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Build Your Own Bitcoin ATM Network National Bitcoin ATM

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Build a Profitable Portfolio of Bitcoin and blockchain industry assets. The absolute best way to promote the adoption of cryptocurrency is by developing reliable, value-add infrastructure. Owning your own bitcoin ATM affords you the opportunity of participating in the development of the blockchain ecosystem while generating income along the way.

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50 Unique Money Making Bitcoin Business Ideas For 2022

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Run a Bitcoin ATM; If you have enough capital behind you then a more easily scalable, and potentially more profitable way to set up a business involving bitcoins is by operating specialist bitcoin Automatic Teller Machines (ATMs) also known as ‘Bitcoin Teller Machines’ (BTM).

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How Do You Master Bitcoin Trading?

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There are two ways to trade with Bitcoin and make a profit from it. The first option is Bitcoin ATMs while the second option is trading platforms. You need to learn how trading sites operate because they are far superior to Bitcoin ATMs. For starters, they operate online which makes them much easier to access. Not only that but Bitcoin ATMs are

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Bitcoin ATMs For Sale Buy Crypto ATM Machine Bitcovault

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Purchase a Bitcoin ATM to start a reliable and profitable cryptocurrency business - Bitcovault Crypto ATMs for sale - contact us!

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ATM Answers: How Does A Bitcoin ATM Work? Gadget Advisor

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Bring cash if you’re making a deposit. Most Bitcoin ATMs only accept cash for security purposes. After you insert the cash Bitcoin is deposited into your wallet, or anyone’s wallet you’re trying to send Bitcoin to. Bitcoin ATM Locations. The first US Bitcoin ATM was introduced in 2014 and since then more and more have been popping up

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Question On Bitcoin ATMs : Bitcoin

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.

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Are ATM Machines Profitable? Lieberman

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The average ATM in a retail environment does about 6-10 transactions per day. So let’s say you net $2.50 (after ISO fees) per ATM transaction. At 6-10 transactions per day, that is a daily gross profit of $15 – $25 per day. Therefore, the income potential of one ATM machine in a retail business could be around $450 – $750 per month.

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CoinGenie Bitcoin & Cryptocurrency ATM Kiosks

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Equip your business with fast, reliable and profitable Bitcoin ATM’s to satisfy clients and make a nice profit. Learn More. Innovative Payment Solutions,Cutting Edge Technology & Passion for Client Success. CoinGenie was created to empower individuals to quickly and easily turn their cash into bitcoin and easily access them on the go.

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Panama To Receive 50 Bitcoin ATMs From Santo Blockchain

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Panama will install 50 Bitcoin (BTC) ATMs in 2022 to catch pace with El Salvador's Bitcoinization. Santo Blockchain will deliver 50 of the planned 300 ATMs to Latin America at the start of 2022. Santo Blockchain, a vertically integrated blockchain and crypto firm with branches in Saigon, Vietnam, and Panama City, will fund $1 million in Latin

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Over 10,000 Bitcoin ATMs Installed Globally In 2021 As

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Bitcoin ATMs Installed GloballyWith cryptocurrencies moving towards mainstream adoption, players in the sector are putting in place structures to support the shift. Notably, with the recent demand

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What's Next For Bitcoin And Crypto: 5 Trends To Watch In 2022

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The number of Bitcoin ATMs has been increasing steadily since 2015 and reached new highs in 2021. Today, there are more than 33,000 Bitcoin ATMs across the globe, according to Coin ATM Radar. Bitcoin ATMs essentially allow people to purchase BTC using their credit or debit cards.

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Genesis Bitcoin ATM

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Genesis is the premier provider of Bitcoin ATMs. Buy and operate a bitcoin machine today. The future is familiar. Order Now; The future is familiar. Genesis is the premier provider of autonomous vending solutions for Bitcoin. Our machines make BTC …

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VLXBIT CryptoCoinATM:Have Your Own Bitcoin ATM

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VLXBIT Bitcoin ATMs offer bi-directional functionality; our machines enable both the purchase of Bitcoin as well as the redemption of Bitcoin for cash. A Bitcoin ATM is an automated vending machine for Bitcoin. Dollars are inserted, and Bitcoin are dispensed. Our Bitcoin ATM machines work both ways. You can buy and sell Bitcoin for cash.

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GENERAL BYTES Bitcoin And Cryptocurrency ATMs

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Bitcoin and Cryptocurrency ATMs. We are GENERAL BYTES, the leading bitcoin and blockchain technology provider. Powerful management tool for your entire BATM fleet. In the Cloud or self-hosted. Track portfolios. Manage transactions. Analyze profit. Handle taxes.

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I Need Help Bad. National Bitcoin Atm At My Gas Station

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Merit: 3. I need help bad. National bitcoin atm at my gas station ripped me off. May 17, 2021, 06:23:36 AM. Merited by DdmrDdmr (2), Lucius (1) #1. i spent $200 to purchase bitcoin, because i wanted to buy it for deposit on a website, and i cant go thru coinbase or cash app because my phone wont scan an ID. i paid a friend before $20 to get my

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Frequently Asked Questions

How much money can you make running a Bitcoin ATM?

Internal Lamassu surveys show that standard cash-to-bitcoin locations are averaging $20,000 in transactions per month, while prime locations are averaging $40,000–$60,000 per month. With an average commission of 5.5 percent, operators are looking at $1,000–$3,000 in gross profit monthly for each of their machines.

Is the Bitcoin ATM industry growing fast?

Bitcoin ATM industry is growing fast. There are several new bitcoin machine installations worldwide daily. Existing bitcoin ATM operators increase number of machines in their networks, as well as new operators join the market.

Can you buy Bitcoin with Bitcoin ATMs?

The former only allows customers to purchase Bitcoin. Statistically speaking, the lion’s share of such machines is one way (61.5 percent). This is completely justified — only 10 percent of all Bitcoin ATM operations is attributed to selling crypto.

What is a Bitcoin ATM and how does it work?

A Bitcoin ATM follows a unique concept unlike an Automated teller machine, where the bank customers can physically withdraw, deposit, or transfer funds in their account. People interested in buying bitcoins can scan a Quick Response Code (QR) corresponding to their digital wallet.

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