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1261  Bitcoin / Hardware / Re: Heatbit Mini miner! on: April 24, 2023, 06:50:05 PM
Never heard of it so cannot comment. On scam or not. Kinda looks scammy but who knows.
BUT they do take credit card payment. So if they do not ship by the end of the year you can always file a complaint with your CC company and get your money back.
Not 100% ideal but it does give you some comfort of knowing that they can't entirely screw you.

As for the 50% nicehash, according to them that is only until they generate $250 through mining then it's all yours. Once again, will they follow though? Is this some custom portal that if they go under you have a paperweight, don't have the answer to that either.

-Dave
1262  Bitcoin / Mining / Re: Which nodes and miners accept transactions fees below 1 sats/vbyte? on: April 24, 2023, 04:13:46 PM
I guess the other question is why would a miner mine it for free?
They are a business, running a mining pool and doing transactions for free is not a thing anymore.

To clarify: the question is not about 0-fee transactions only, e.g. I am interested in 0.1 sat/vbyte too.

Besides, miners don't mine for free nowadays. As a matter of fact, they get subsidy/block reward of 6.25 BTC (which ultimately comes from users/hodlers).

Still goes back to they are now getting a minimum of 1 sat/vb why should they mine yours for 1/10 of that?
That's just bad business.

But, if there are blocks that are not full (has been a while since that happened), they may be interested in taking your transactions (free extra money). But none of them do by default.

The best answer still is contact the pool operators and ask. Worst they can say is no.

-Dave
1263  Other / Off-topic / Re: @LukeDashjr banned on twitter why? on: April 24, 2023, 02:44:03 PM
It's not the 1st time he has gotten suspended.
He is (was) VERY abrasive there to people who did not share his religious beliefs. So he probably crossed the line again and got the boot.

Not that is matters much, the way Twitter is loosing users at the moment as people flee to other platforms fewer and fewer people will care when users get suspended.

-Dave

Do you know if he ever got his coins back? He was a top dev he deserves them but this relates to my other post I made this morning.

No he did not get them back, nor should he.
He had poor OpSec, kept a large amount of funds in hot wallets on a local network that was probably compromised.

His arrogance of "I know better" cost him a lot of money. I will even go one step past that and say it made him an easier target. Bragging about how smart you are will only make people want to prove you wrong.

But, it did help others see why you should always use a hardware wallet and keep most of your funds offline.

-Dave
1264  Other / Beginners & Help / Re: Coinjoin on Trezor Suite on: April 24, 2023, 01:39:17 PM
I wonder what was going on on the head of the person who wrote this Terms
Probably something along the lines of "I don't care about morals, as long as I get paid."

It always comes down to that.
Makes you wonder who came to who. Did Wasabi go to Trezor to help stem the flow of users from their service due to the spying. Or did Trezor go looking for a Coinjoin partner and Wasabi could do it.

Either way, I am 100% sure it all comes down to the almighty dollar, or whatever your local currency is.

And on top of that, since Trezor does not use a secure element in their wallets, nobody should have been using them anyway.

-Dave



1265  Other / Off-topic / Re: @LukeDashjr banned on twitter why? on: April 24, 2023, 01:27:53 PM
It's not the 1st time he has gotten suspended.
He is (was) VERY abrasive there to people who did not share his religious beliefs. So he probably crossed the line again and got the boot.

Not that is matters much, the way Twitter is loosing users at the moment as people flee to other platforms fewer and fewer people will care when users get suspended.

-Dave
1266  Bitcoin / Hardware / Re: Historical background of GekkoScience miner on: April 23, 2023, 10:03:16 PM
Since the OP is just copy / pasting from google links and can't be bothered to think on their own.

Here is the link to the original announcement of the NewPac https://bitcointalk.org/index.php?topic=5053711.0
And for those who wand to discuss it's operation a 115 page 2300 post link to the support thread: https://bitcointalk.org/index.php?topic=5053833.0

Don't encourage people like the OP to just post drivel and copy and past OUTDATED things.

-Dave
1267  Economy / Scam Accusations / Re: Why Coinmarketcap and Coingecko help scammers ? on: April 23, 2023, 06:19:08 PM
And Coinmarketcap ( from - 30$ ) and CoinGecko ( from - 103$ - not bad))) ) have the pricing plans for access for their API, accordingly they have some "pricing users" and complaints receive from "pricing users" not hard to distinguish from bot's complaints. How I write higher - if would be a desire,  and so - take money for access they can but delete quotes they can't.

1) I'm going to guess that most people using their API services are not using the exchanges themselves but rather just the data for display and other things.
And
2) it's still valid for a competing exchange. $30000 (1000 x $30) to get have 1000 compalints against a competitor to have them pulled / de-listed from CMC is not a lot of money.

They just list data, and will rarely post a warning. Personally I would not even do the warning. There are enough resoouces out there to figure out if something is a scam or not. If you choose not to look that's not on the places like CMC / Gecko or discussion boards like here. It's your money, you do the research. That's the point of crypto, having your money and doing your thing with it. But, you at that point loose the 'safety net' of having your mom hold your hand as you do it. If you can't take the heat, stay out of the kitchen.

-Dave
1268  Economy / Economics / Re: Why FedNow seems like a bad idea on: April 23, 2023, 02:03:37 PM
FedNow has very little to do with CBDC.
Think of it more as Zelle type service run by the Federal Reserve.
It's being pushed more and more since Zelle and a lot of the similar P2P payment providers are so rife with fraud and don't seem to care.

Here there are going to be RULES about the way things work. Not, oh to bad so sad someone got into your account and send all your money away.

It's also going to be cheaper for banks to use AND since it's not run by a bunch of banks other banks / credit unions will be able to get in easier then they can now.

Eliminating BTC / crypto for a moment. If I get paid by direct deposit, send all my bills out through my banks bill pay service, use cash app or similar to pay back my friend who charged dinner on his credit card. Do we really need the digital dollar? More and more cash is dead anyway.

-Dave
1269  Economy / Scam Accusations / Re: Why Coinmarketcap and Coingecko help scammers ? on: April 23, 2023, 01:09:49 PM
Think of the manpower and research needed to figure it out.
All of a sudden some exchange starts getting a lot of complaints.
Are they legitimate issues OR

1) Is it one frustrated user who is trying to organize a campaign against that exchange
2) Is it a competitor who is trying to hurt the exchange
3) Was there a lot of fraud going on at that exchange and they changed some some rules  to fix it and now the fraudsters are complaining since they can't fraud anymore.

And so on. How do you figure it out? The answer is you don't. You just post a warning like they do.

If you send money / coins anywhere and do not do a lot of research 1st then you are going to sooner or later get scammed.
This is the internet, they are websites, it is not you mom holding your hand as you cross the street.

-Dave
1270  Bitcoin / Mining / Re: Intel Discontinues Bitcoin Mining Chip Series on: April 23, 2023, 12:55:32 PM
I mentioned it elsewhere, but part of the new intel strategy is to manufacture chips for people.
This does lead to the issue of people not wanting to have you make their chips if you are making a competing product.

Bitmain / Canaan / Bitfury / and others are all fabless. Did someone at intel do the math and figure our that they can make more money just making chips for other people then designing the chips and miners and selling and supporting them.

Might just come down to something like that. There are a lot of things that go into doing the entire miner or even just designing and making the chips. If someone hands you the ASIC design and says give me 10 million of these chips and you can make a couple of dollars a chip it might just be a better business deal for Intel

-Dave
1271  Bitcoin / Development & Technical Discussion / Re: Developers propose hierarchical channels to boost LN scalability on: April 23, 2023, 12:47:01 PM
I stopped reading at

Quote
In contrast, resizing channels on-chain can cause delays of several months and increases fees

Several months? Not.... Well unless you are trying to do thins with a 1 sat /vb during congested times.

It's also old news: https://www.youtube.com/watch?v=WxNlQflXhKo&t=95s
Tweeting about it over a month ago: https://twitter.com/AdoptingBTC/status/1633787306447450112


can it also solve the issue of offline transaction fraud which plagues the LN as well?

There is no inherent problem with this. Any more then trying to do any transaction offline.
People like to blow it out of proportion since there are a lot of mobile lightning users but most users / node operators don't care.

-Dave
1272  Bitcoin / Bitcoin Discussion / Re: incorrect output of information on blockcypher.com on: April 23, 2023, 12:33:42 PM
I have seen this once or twice before. I do not know if it is the case this time BUT in the past some block explorers did not properly display information if

1) The in and out were in the same block
1a) There was a CPFP to do it.
1b) It was a 0 balance to start.

2) Also on my local explorer there is something odd. It sees all 173 transactions BUT it will only show 172 of them.



If you look it's on the last page and it's showing 170 to 172 of 173 so I can't display all of them.

So I'm going with whatever is not right with blockcypher is causing the issues on the RPCexplorer.

3) Or it could be some really odd nonstandard transaction.

Don't really have time to dig more at the moment but I know things like this have been discussed here previously with other explorers.

-Dave
1273  Bitcoin / Hardware wallets / Re: [LIST] Bitcoin Seed Backup Tools on: April 22, 2023, 02:55:08 PM
Just because I was watching Air Disasters https://www.smithsonianchannel.com/shows/air-disasters and saw them X-Rays and a few other things to look for damage that is not visible to the eye inside of parts. Has anyone tried to look through seed plates to see what can be seen without actually opening them?

Kind of James Bond / Mission Impossible thing where they get your seed plate, scan it, and then put it back without you knowing but I was just wondering if that is even a possibility.

Not a big worry and I'm going with probably not, but you never know.

-Dave
1274  Economy / Goods / Re: I create and sell 3D-printed WiFi devices that show Bitcoin prices and stats on: April 22, 2023, 01:40:48 PM
Cool device, good luck with it.
A few questions:

1) Over the years there have been a few tickers from people that eventually stopped doing it, and then the support stopped, and then you had to figure out the back end yourself and how to make edits to the firmware. (afkdata, paper ledger, others) any chance of getting the source?

2) Same wit the STL files perhaps I want a blue one this week....

3) What Wi-Fi protocols does it support. I'm a paranoid lunatic and all my Wi-Fi is WPA 2 or 3-Enterprise

-Dave


1275  Bitcoin / Mining / Re: Russia Becomes World’s Second-Largest Crypto Miner on: April 22, 2023, 01:25:20 PM
Also, has there been any 'outside' conformation of this?
We all know mining is somewhat anonymous but that much hash, once again if it's modern equipment, would have to be pointed somewhere.

All the US / EU pools would cut them off in a moment if they knew that it was them so they would have to be careful where they mined.

Once again, assuming it's somewhat modern SHA equipment.

-Dave
1276  Other / Beginners & Help / Re: Beyond the year 2140 on: April 21, 2023, 06:34:19 PM
Keep in mind 100 years from now more then likely 1 of 2 scenarios will have happened.
1) Bitcoin is used by so many people on a daily basis the odds of having an empty block would be just about 0
or
2) Something happened and people stopped using BTC so the only people using it are just hobbyists or whatever and they don't care about the fees.

Even now there are a lot of coins that have 0 value that are designed to have 0 value that are actively mined.

-Dave
1277  Bitcoin / Development & Technical Discussion / Re: How to check if an hot wallet is linked to an IP address on: April 21, 2023, 04:37:42 PM
My concern is that if I setup an online electrum wallet, someone can track and spy me ?

If you are worried then you can use tor: https://electrum.readthedocs.io/en/latest/tor.html
Or you can setup your own back end server and do it yourself: https://bitcointalk.org/index.php?topic=5366854.0
For the most part since you usually connect to a random server anyway it's not that big a deal.

Keep in mind, there are a lot of ways to be tracked, so unless you are doing something to separate the coins from you if the government is looking for you through your BTC spending just doing a little is about as good as doing nothing.

-Dave

1278  Bitcoin / Bitcoin Discussion / Re: Is there any benefit of bitcoin to the government? on: April 21, 2023, 03:36:57 PM
Anything that allows the movement of money benefits the government so long as they can track it and tax it.
The problem is most people do not want to be tracked and taxed, so you wind up in the loop of that.

Slowly, there is more acceptance in state & local governments https://bitcointalk.org/index.php?topic=5437485 but like everything else it's a process and will take time.

-Dave

1279  Bitcoin / Mining / Re: Which nodes and miners accept transactions fees below 1 sats/vbyte? on: April 21, 2023, 03:13:33 PM
I guess the other question is why would a miner mine it for free?
They are a business, running a mining pool and doing transactions for free is not a thing anymore.

Might be an interesting business model for a miner. Allow people to create and fund and account so they can manually submit 0 fee transactions, and then charge them separately under 1 sat / vb so they can transmit them the next time the mempool is empty.

So instead of empty space, they put out a block with a bunch of transactions that have ultra low fees that they had been paid for a while ago.

-Dave


1280  Bitcoin / Bitcoin Discussion / Re: Institutional holder paying their debts from BTC share - doesnt affect prices on: April 21, 2023, 02:25:58 PM
Well, we can probably trust this a little bit if they share when they sell their BTC and how they do that. Some traders note that whenever there is a PR of MicroStrategy buying some Bitcoins, the price of BTC decrease in the next hours or so. Based on this fact, we can easily conclude that they can influence the market to some extent by releasing 'positive' news when they plan to sell their stash. But I wouldn't be surprised if they offload the majority of their BTC through OTC markets, hence why it doesn't get reflected on the retail spot market. It would be stupid if they dump large holdings that can easily influence the market and lower their repayment value.

I think it's more along the line of they have a lot of people working on buy / sell strategies and do not release all the info on things they do in real time.
So they do one thing and may or may not announce it.
They do something else and then announce it a certain time later.
And so on. This way they can do what they want and we just keep guessing as to everything they did.



Kinda weird how they call their holding BTC tokens though. Either it is a mistake, or a deliberate choice to confuse some readers.

Might be a regulatory thing about how they describe their holdings.

-Dave
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