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1201  Alternate cryptocurrencies / Mining (Altcoins) / Re: Program a FPGA for bitcoin mining on: August 24, 2021, 12:01:00 PM
Why do no new folks bother to read any pinned messages these days? At the very top is critical information that they would soon find to be their answer to the most basic questions...

Snippet from point-3 in the link I gave:
Quote
3. Mining BITCOIN is done exclusively with dedicated BITCOIN mining hardware based on ASICs - https://en.wikipedia.org/wiki/Application-specific_integrated_circuit . You CAN NOT meaningfully mine bitcoin today with CPU, GPU or even FPGAs. Bitcoin difficulty adapts to match the amount of mining done on the network and has reached levels trillions of times too high to mine meaningfully with PCs, laptops, tablets, phones, webpages, javascript, GPUs, and even generalised SHA hardware.
In short - you are almost 10 years too late to use FPGA to mine Bitcoin  Roll Eyes
1202  Bitcoin / Development & Technical Discussion / Re: About block size limit and transactions fees on: August 23, 2021, 11:02:25 PM
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(and we generally don't have to pay any conversion/transaction fee to make a purchase with a CC)
Actually we the consumer DO pay the tx fee. More specifically, the merchant pays it to the payment processor and their cost is added onto what we are paying for things - we just do not see it as a separate charge. The Merchants fee is generally anything from 2-6% of the transaction value. That is how/why some (local of course) merchants will give a discount for using cash vs credit/debit cards.
Actually, you're wrong. The merchants will usually not charge the transaction fee to the customers.
Not from what I've seen in the US. I've traveled for in work in every state and in all of them have often come across signs like I just saw today in my local doughnut shop:
  All credit/debit cards are +3.5% of total

Same for the local small hardware stores like Ace, TruValue, etc along with a smattering of other small local businesses. That said, most other stores do not give the discount and pocket their usual tx fee when folks pay with cash.

Our company accepts credit cards for orders and MasterCard & VISA card companies want 3% and AMEX takes 4% of the transaction which we add to a customers order. If they pay their PO with check or direct EFT they save the 3 or 4% fee. Merchants are not going to eat that cost - it is passed on to the customer. Tx fees is how the cc companies make their money.
1203  Bitcoin / Development & Technical Discussion / Re: About block size limit and transactions fees on: August 23, 2021, 08:19:50 PM
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(and we generally don't have to pay any conversion/transaction fee to make a purchase with a CC)
Actually we the consumer DO pay the tx fee. More specifically, the merchant pays it to the payment processor and their cost is added onto what we are paying for things - we just do not see it as a separate charge. The Merchants fee is generally anything from 2-6% of the transaction value. That is how/why some (local of course) merchants will give a discount for using cash vs credit/debit cards.
1204  Bitcoin / Bitcoin Discussion / Re: Mining fraud? on: August 23, 2021, 05:18:46 PM
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Only by discussing and debating do people form true understanding.
When trying to learn, correct. Then again, everything you are questioning has many existing documentations. As background for discussion & better explanations, fine but the documentation eliminates the need for debate. DYOR and read up on what you are trying to question and point out flaws in.

Quote
Only by questioning are assumptions checked and sometimes found to be wrong.
Correct - regarding assumptions you may have. The basis of Bitcoin operations however have long ago been debated, tested, and attacked countless times. Early on, yes flaws were found - and quickly corrected. Again, the fundamentals of the mining process no longer have reason for debate regarding how one might possibly break them. These days debate is all about enhancements such as Segwit, Taproot, StratumV2, etc.

That all said, any new coin and especially any new algo MUST be rigorously examined and debated to make sure that its rules cannot be violated.

A pool and more correctly a stratum server, knows what work was sent to a miner to be processed. Results submitted back must match that work. So far no one has found a way to forge results in the manners you suggest.

Perhaps look through Kano's Help files for his pool starting here to help wrap yer brain around what folks have been saying here.
1205  Bitcoin / Mining support / Re: My innosilicon T3 arrived today, the pool settings will not update, solutions? on: August 23, 2021, 02:00:07 PM
Glad to hear that and thanks for letting us know that Inno resolved the issue  Smiley
1206  Bitcoin / Bitcoin Discussion / Re: Mining fraud? on: August 23, 2021, 01:09:53 PM
@OP This is pretty exactly the same thing you asked about in this thread. The answer is the same as what was posted there: The Network checks your work and your fraudulent block will be rejected.

Do you honestly think that in the nearly 11 year history of Bitcoin no one has tried your simple ways of trying to game the system much less far more advanced ones?
1207  Other / Politics & Society / Re: How to best set up land property rights post-21st century government? on: August 23, 2021, 12:52:59 PM
That IS how the law works in the US. No scorn involved just a bit of bewilderment leading to theorizing as to why a person could come up with the question you asked. The result of non-payment of taxes is pretty straightforward no matter where you live.

After usually 2-4 years of non payment of property taxes and many attempts by the government(s) to work with you in resolving the situation, the property is seized by local or state government and put up for auction. Starting price is amount of the taxes due. Once sold, if you are still there you will be evicted. If you forcibly resist eviction the police will respond in kind and either way - you lose.

Is not slavery, it is just paying onto Caeser what is due and the price of living here. If one does not like it - well, no one likes it - make that, is not willing to pay, then find some country that has different laws and move there.
1208  Other / Politics & Society / Re: How to best set up land property rights post-21st century government? on: August 23, 2021, 01:21:30 AM
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How can they force you to pay property tax? I mean, even if it is a good idea to pay for a street out front, or a sidewalk, how can they force you to pay? It's your property, isn't it?
You obviously do not live on this planet or are a sheltered kid still living with their parent(s).....
Or worse, are one of the idiots that think they are a 'Sovereign Citizen' who in their mind are answerable to no one but themselves.

In every country that I am aware of that has property tax systems, if you do not pay your property tax then eventually the government will take legal possession of your property and sell it in a tax auction. You will then be evicted - by force if needed.

That's how.
1209  Bitcoin / Hardware / Re: GekkoScience has a new stickminer that does 300+GH on: August 22, 2021, 11:26:25 PM
...
It makes me think: if Bitmain IC's and package designs are so good, but their PSU's and cooling are a common factor of unreliability, maybe someone like GekkoScience might just build a full on big boi 3KW miner out of Bitmain chips, but better (more reliable)? ^^
Not going to happen for at least 2 reasons:
Bitmain does not sell bare chips in the quantities needed
AFAIK Sidehack is committed to making only miners that are suitable for home use. That means under roughly 1kw max to keep noise from cooling fans to a minimum.
1210  Bitcoin / Hardware / Re: GekkoScience has a new stickminer that does 300+GH on: August 22, 2021, 09:25:28 PM
Siiick! So 3A @ 5V means you're pulling 15W for 500GH/s?
No. If you read the 1st post you will see that it is ~360GHs @ 15w. It should be able to run faster (and of course hotter) but of course will pull more power to do it.
1211  Economy / Exchanges / Re: All Binance users are now subject to immediate KYC verification on: August 21, 2021, 12:13:29 AM
Exchanges selling information I am not worried about. Regulated financial business such as banks, trading institutions, etc are not allowed to do that in most of the countries they operate in. Hacks into their databases - yes that IS a concern same as say the recent T-Mobile hack in the US where pretty much ALL of the 'secure' customer data for over 40 million of their customers was gotten by hackers. Just google T-mobile hack.

Casinos and such, ja a good chance some data will be sold 'for Marketing' purposes...
1212  Economy / Exchanges / Re: All Binance users are now subject to immediate KYC verification on: August 20, 2021, 11:17:41 PM
Regulated exchanges DO provide it. Case in point, here is the start of information about Coinbase From there you just have to follow the trails on who's-who, where their legal contacts are and DYOR from there.

I for one will never use a site ran by untraceable owners.
1213  Economy / Exchanges / Re: All Binance users are now subject to immediate KYC verification on: August 20, 2021, 11:00:34 PM
Folks, don't forget that KYC works both ways. By being required to collect your information proving to them (and Government tax authorities) who you are, regulated companies - including the casinos - are required to provide ready access to you the User of their services the same access to their pertinent legally required business information.

Frankly, if they refuse to do that or even balk it - to me common sense screams 'don't do business with them!'
1214  Economy / Exchanges / Re: All Binance users are now subject to immediate KYC verification on: August 20, 2021, 10:38:24 PM
those old days where a person could create an account on an exchange and trade smoothly without having to run the risk of delivering documents are gone, now are coming dark times where each person needs to have documents to do KYC and be able to trade and pray that the exchange never sell your document. the era of anonymity is coming to an end, at least on the part of using exchange and it won't surprise me if a few years from now also online casinos related to cryptocurrencies start to demand KYC right after account creation

There already is a crypto casino that does KYC, it's called crypto-games, though I don't think it's mandatory for everyone yet. The era of anonymous crypto services has been disappearing for a long time already, the governments were never going to ignore crypto completely. So you can't really blame Binance here for spying on you, they have no choice, it's either they do KYC or they get banned in most countries in the world.
I agree and view it as part of the growth process of BTC as it matures as a currency leading to more and more acceptance of it world wide. If it is going to be used like fiat aka 'Money' then it has to adhere to the same rules and definitely includes those regarding buying/selling/trading of assets be they crypto, stocks, bonds, metals, FOREX, whatever.
1215  Bitcoin / Mining speculation / Re: 2021, time for a new general & diff speculation thread... on: August 20, 2021, 10:15:55 PM
Hot damn! Exchange rate is fast approaching 50k  Smiley
Currently 49.29k
Given that, rising diff be damned! still cha-ching!
Wonder how much of the rise is due to news about Coinbase buying 500M$ of BTC followed by 10% of yearly profits to hold as part of their reserves?
1216  Bitcoin / Hardware / Re: GekkoScience 2Pac/Compac BM1384 Stickminer Official Support Thread on: August 20, 2021, 07:47:52 PM
did you add
--suggest-diff 422
so cgminer starts at a reasonable diff? If not the stick will have to work against a much higher difficulty for the 1st share and then hope the pool lowers it for the next shares. That can take a lot of time - possibly longer than it takes for another block to be started.
1217  Bitcoin / Hardware / Re: GekkoScience 2Pac/Compac BM1384 Stickminer Official Support Thread on: August 20, 2021, 07:13:09 PM
What version of cgminer are you running? The standard version isnt great with these. Try downloading the gekko version of cgminer at the start of this thread or in the Newpac/R606 thread.
Actually I would be surprised if the bare cgminer would work at all because it lacks the drivers (written by VH) needed for the chips.
1218  Bitcoin / Bitcoin Discussion / Re: Who is trying to register Bitcoin trademark? on: August 20, 2021, 06:38:57 PM
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Most of them are just trying to register this trademark for branding their clothing, foods, and drinks nothing else.
While the rules do vary from country to country, in the US it is very rare for the USPTO to narrowly restrict the issuance and use of a Trademark or logo to just a single type of item. It either applies to all or nothing.
1219  Bitcoin / Bitcoin Discussion / Re: Wells Fargo asks US stock exchange to launch Bitcoin fund on: August 20, 2021, 06:15:41 PM
Got a link to that announcement?
Helluva change for them because historically Wells Fargo has been vehemently anti-crypto and closed many peoples accounts because they were involved with crypto.
when I had coinbase 5-7 years ago and was sending $$ to wells fargo they would ask me what it was.
I said it is from my sale of coins 🪙.

they said okay and left me alone.
Then you were one of the lucky ones. There have been many reports about it over the years here in the forum. One dealt with Josh Zipkin former head of the now long defunct AMT losing his account with them back in 2014. Then again, considering what a scammer (or reckless/clueless) guy he was/is no great loss there...

Anywho, it is still a nice turnabout for them Smiley
1220  Bitcoin / Bitcoin Discussion / Re: Who is trying to register Bitcoin trademark? on: August 20, 2021, 05:42:37 PM
The USPTO page says that as of June 3 this year their application remains suspended and it looks like their appeals to progress with it are all denied. While not the same as 'denied' it amounts to the same thing, its just that the USPTO has not officially declared it dead yet. Just look under Prosecution History on that page.
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