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1301  Alternate cryptocurrencies / Mining (Altcoins) / Re: HELP!! Is it possible to use old laptop for solo mine bitcoin to try some luck? on: July 26, 2021, 01:10:31 PM
1st, please be aware that "Bitcoin" is not a generic term for all cryptocoins. It is 1 very specific coin with the symbols of BTC or BTC, all others are what are known as altcoins (and very commonly also called crapcoins due to the vast majority of them - but NOT all - are worthless) and have their own names and symbols.

Please read this pinned link, mainly point-3. In short, what you want to do is beyond useless. Bitcoin mining requires use of ASIC-based hardware.
A good reference for starting is here.

That said, many altcoins can be mined using CPU/GPU's. The Forum has areas just for that starting here.
1302  Economy / Trading Discussion / Re: They say buy the dips...but how do you know the dip has bottomed out? on: July 26, 2021, 01:36:35 AM
Looking at spots on goat entrails or using patterns of tea leaves are good for making predictions  Wink
1303  Bitcoin / Pools / Re: KanoPool 0.9% fee 🐈 since 2014 - Solo 0.5% fee - Worldwide - 2432 blocks on: July 25, 2021, 01:03:01 AM
Quote
apollo has stated that they will create a 32 bit version of their miner, and who knows if that will work
One has to ask: Why?
Even a RasPi-3 has a 64-bit CPU. What, does someone want to run the software on a Pentium under Win95?
1304  Bitcoin / Bitcoin Discussion / Re: Can BTC exist without Fiat? on: July 24, 2021, 09:31:24 PM
A better thing to consider is that per-definition of what Fiat is, Bitcoin actually IS (becoming) Fiat! That very first sentence in that Wiki link says,
Quote
Fiat money is a currency (a medium of exchange) established as money, often by government regulation.
Key point there are the words often by government regulation. There is no mandate that a government has to back it - but it is of course often the case.

The last bullet point in the Wiki regarding of examples of Fiat it says
Quote
An otherwise non-valuable object that serves as a medium of exchange[7] (also known as fiduciary money.)
Sure sounds a lot like what Bitcoin is criticized for - no intrinsic value.

The key things about the above is that Bitcoin fits all the requirements to become Fiat, aka, general purpose money All that is needed is for it to become a generally accepted medium of exchange.
1305  Bitcoin / Mining support / Re: Chain cards do not work with Antminer S9i on: July 23, 2021, 07:46:44 PM
When you do post the full logs be sure to use the code function on the toolbar. It is the # icon. That keeps the log from showing up as a massive wall of text.
1306  Bitcoin / Mining / Re: if mining stops , can we sell or use the asic in anything else on: July 23, 2021, 06:50:09 PM
Ja. Edited my post to reflect that. At least with the S1-S7's you could use the RasPi or Beaglebone boards in them (but would still have to add the missing video and USB connectors to them). The S9's started the ARM SOC versions and rather complicates things...
1307  Bitcoin / Mining / Re: Solo mining using Bitcoin Core wallet on: July 23, 2021, 05:26:22 PM
A Lot has changed there. Solo mining is still allowed but I don't think you will be able to hit a block with a solo mining wallet. Try using solo pools they might help
Solo mining is solo mining, mining to your own private node or a public solo pool makes very little difference in finding a block.

Now, having your found block confirmed by other miners so the chain is built upon it is a whole different story -- damn good chance that some pool will have a block found perhaps very soon after and because of their faster connections to the BTC network their block gets confirmed before yours shows up on the network meaning you lose an orphan race.
1308  Bitcoin / Hardware / Re: Official FutureBit Apollo BTC Software/Image and Support thread on: July 23, 2021, 05:08:45 PM
<snip>
I kind of disagree with this. The point of running a node is to be able to broadcast your own transactions without using a 3rd party. Whenever you use a client like trezor wallet suite or the ledger app, you are using their node to transmit your bitcoin on the block chain. You are essentially trusting someone else to be honest with your bitcoin
....
And running this device as a node lets you do exactly that. So will running any BTC node on any other device, even a RasPi. (thanks for bringing that up, edited my post to reflect that).
The miner portion is just that - a miner - and has nothing (directly) to do with anything regarding what you describe.

And of course being a miner, it has to be pointed at a pool, be it one you setup yourself (and linked to the Apollo node if you don't care about the likelihood of losing blocks due to orphans) or one of the existing ones such as KanoPool, -ck solo pool, ViaBTC, etc.

re: setting it up, um, have you checked the 1st post in this thread?  Wink
   
1309  Bitcoin / Hardware / Re: Official FutureBit Apollo BTC Software/Image and Support thread on: July 23, 2021, 03:25:09 PM
Quote
If all nodes gave no rewards no one would be mining.
Aside from P2P ones, nodes do not issue rewards -- they are ONLY repositories for storing blockchain data (edit: and provide you with direct access to the blockchain when using a hard wallet like Trezor et al). Period. Virtually NO ONE 'mines to a node' for a myriad of reasons. Even solo miners mine to a pool that runs (pool) software which in-turn uses a local node for its data.
Again you miss the advertised point of the system: The node is only to support the blockchain.
The miner is intended to be pointed to a pool - not itself.
1310  Other / Meta / Re: Plagiarism: Where Do We Draw the Line? on: July 23, 2021, 03:19:27 PM
For me, it becomes plagiarism if they copy it word for word without even a hint of paraphrasing and verbatim to make it look like they're the one's who said and also, if they credit themselves and not the original creator of the article or anything that can be plagiarized, it will be considered plagiarism for me.
FYI, paraphrasing is a plagiarism too, if you don't cite the original source so it won't look any better if newbies try do to that in order to avoid getting banned. If anything, it might be even worse as that means they know what they are doing is wrong, yet they are trying to get away with it in order to appear more knowledgeable and get few merits.<snip>
Spot on. Pretty sure that if it was their work being stolen like that they would be pretty pissed. Folks like that DESERVE a hard slap on the wrist for 1st offense. If they continue to do it then kick their ass to the curb with the rest of the trash.

As they blithely copy/paste their stolen text into a post they have the source right in front of them so:
  A) make it clear that the material came from elsewhere and not from their feeble brain
  B) Include links to it
1311  Bitcoin / Hardware / Re: cheap bitcoin miner hw from the china crackdown? any deals out there? on: July 23, 2021, 03:06:06 PM
...
PM me where do you live so i might help you out to find some deals.
as few days ago i heard someone successfully smuggling tons of GPU here with quite cheap price tag.
^^ Of course smuggling is ILLEGAL so that does not give any confidence in the folks selling them....

Aiding and abetting such operations is not allowed in this Forum so expect mods to probably delete your post. At best since it deals with GPU's it would be moved to the crap altcoin area.
1312  Other / Off-topic / Re: china gov rich people group use hollywood / pewdiepie in order to laugh me on: July 23, 2021, 01:26:12 PM
Quote
hi  china gov rich people group use hollywood / pewdiepie change film script change youtube video in order to show me they can use western   entertainment system to laugh me
Hmm, so some Social Media flake seems to think so much of themself that for whatever reason think they are important or 'famous' enough to also somehow be some sort of threat for a government to harass them by screwing with their YouTube videos? Riiiight....

Now that's worth a laugh!
1313  Bitcoin / Mining / Re: if mining stops , can we sell or use the asic in anything else on: July 23, 2021, 01:01:51 PM
No. ASIC means Application Specific Integrated Circuit. The chips in it were made to do 1 thing and 1 thing only - process SHA256 hashes. The controller part of it, sure it could might be repurposed as a tiny Linux PC but it has very minimal memory, I/O and com options.
1314  Bitcoin / Hardware / Re: Official FutureBit Apollo BTC Software/Image and Support thread on: July 23, 2021, 01:02:22 AM
Quote
What's the point of anyone mining from a FutureBit node if there is no reward? What purpose is there to secure something you aren't rewarded for? Why waste electricity, time, bandwidth, hassles for just a good feeling?
You miss the whole point of the system. As has already been said, the node is just there to help keep the blockchain widely distributed and secure. (edit: and provide you with direct access to the blockchain when using a hard wallet like Trezor et al). Period.

Unless you have an excellent connection to the BTC network - preferably one giving fast connections to networks used by the big pools - even if you find a block using your node for (solo) mining would just most likely result in you having orphans issues (and losing) because of slow propagation time to the other pools. The miner is the main part but - since there is controller running it that most of the time has a lot of free clock cycles available, might as well use it as node as well...
1315  Economy / Services / Re: Reaching out to miners looking to relocate to western Russia. 1MW @ 0.053$/kw on: July 22, 2021, 01:36:29 PM
For a start, this belongs in the Bitcoin Forum > Economy > Marketplace > Services area of the Forum. Expect the mods to move it there.
Only problem is that that section has a lot of activity so the post may get get buried quickly...
1316  Bitcoin / Hardware / Re: GekkoScience NewPac / Terminus R606 (BM1387) Official Support Thread on: July 22, 2021, 01:31:11 PM
Does anyone have the diagram for how the DC-DC convertor connects to the rest of the board?<snip>
On which device, a NewPac or Terminus? They are 2 very different things...
1317  Other / Off-topic / Re: Higher education, is it so important? on: July 21, 2021, 05:13:29 PM
Depends on ones definition of "Higher Education".
Being able to support yourself and a family through Life starts with very early on finding out what you are good at and have natural talent for:
  Are you good with making things with your hands?
  Good at conceptualizing problems and thinking about how to solve them?
  Do you have an intense interest in How Things Work?
  etc.

Knowing that then leads to the question of how to learn what is needed to become very good at it. For some people, perhaps the best they can do is become a drone factory worker, if that is the case then High School is probably all they need.

For others a Skilled Trade such as electrician, HVAC, carpentry, welder, ect. will be an excellent choice that is usually also very well paying. They will also require Higher Education in the form of getting trained and generally going through an Apprenticeship program. As a side note, many countries such as the US have a severe shortage of Skilled Trades workers - that usually translates into better money earned.

College I would reserve for occupations that require it such as Engineering, Medical, Financial, etc. To me the idea of a Liberal Arts type of 'degree' is just a way of saying "I have no idea what I'm good at"...
1318  Bitcoin / Bitcoin Discussion / Re: Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July on: July 21, 2021, 04:59:48 PM
And then there are some very high level investors such as Kevin O'Leary (Sharktank) who could care less about what Elon has to say Smiley
1319  Bitcoin / Mining / Re: Why so few mining farms in NORWAY on: July 20, 2021, 09:29:09 PM
Quote
But you guys agree that 5 cts€ / kWh is a pretty good price for a mining at home activity, right?
Yes it would be.
Only problem is that price is only for the large commercial/industrial-level operations that would be pulling a megawatt or more.
1320  Bitcoin / Mining / Re: Mining is illegal in China now? on: July 20, 2021, 09:09:00 PM
Quote
From what I have read China is putting a stop to bitcoin mining because of the high carbon emissions that come from most of the bitcoin mines and its inland electricity production that use coal to produce it.

Simply put they have banned high pollution ways of generating electricity, could we still say bitcoin mining is banned?
Spot on about the coal-burning power plants being the root issue. The eye-catching title of using "Bitcoin farms shut down" to highlight what they are doing just so happens to fit perfectly with China launching their own digital currency. They do not want competition and so now there is a total ban on crypto mining regardless of where the farms get their power from.

What has made little news is that along with shutting down cryptocoin farms in areas fed mainly by coal plants, China also shuttered several aluminum foundries located in those same regions for the same reason -- they require massive amounts of power and getting it from coal is a bad idea.
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