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141  Bitcoin / Mining / Re: Strategies of Large-Scale Miners in Responding to Rising Hash Rates on: January 17, 2024, 03:30:20 PM
what is the upcoming 1/2ing?
Um you should probably checkout the Beginners & Help area...
One excellent post from there is this one with a ton of useful links.
142  Bitcoin / Mining / Re: Is Mining BTC Even Worth It? on: January 17, 2024, 02:42:27 AM
Bitcoin has not been able to be mined by CPU/GPU's since 2013...
Please read the stickied post at the top of this area...
Specifically point-3
143  Bitcoin / Mining / Re: Strategies of Large-Scale Miners in Responding to Rising Hash Rates on: January 17, 2024, 02:36:18 AM
Yep. Pretty much.
The upcoming 1/2ing will probably shake out many marginal-profit operations but I also expect that much of their newer hardware will be resold to the survivors....
144  Bitcoin / Mining / Re: Strategies of Large-Scale Miners in Responding to Rising Hash Rates on: January 16, 2024, 06:27:50 PM
Simple - 1st find areas that can provide massive amounts of cheap power and make long-term contracts with the power companies. Then  use investors money to constantly upgrade equipment and expand their operations. Of course it is a vicious cycle as their ever increasing hash rate just makes diff go higher...
145  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: January 16, 2024, 05:00:51 PM
Quote
I thought many BTC miners (over 50%) got electricity from renewable energy sources.
The renewables are the problem. Just *how* do you think being renewable would help matters???

And what does that have to do with power shortages? Answer: Wind & solar power is highly variable and bad weather causes numerable problems such as what Texas is currently experiencing https://www.telegraph.co.uk/us/comment/2024/01/16/green-wind-solar-energy-freezing-texas-power-grid-blackout/  Only Nuclear and fossil-fueled (gas of course - not coal) power plants are able to run regardless of weather (and at night). Sorry Greenies but your unrealistic goals of zero-emissions for the world just cannot work. Reality can be a bitch eh?  Grin

Considering the massive mining farms located mainly in Texas and a few in other areas of the US like Nebraska and Montana - all of whom have agreements with their power providers to cut back their mining when power is needed elsewhere in the state - of course the hash rate is way down.
146  Bitcoin / Development & Technical Discussion / Re: Expect the Orginals game to get even bigger - actual games on: January 12, 2024, 09:51:40 PM
...

By the way: Bitcoin is not about storing data forever. It is about double-spending problem. And if some coin was created, then moved between many people, and then 100% of that was turned into fees, then that history can be safely pruned, because if a coinbase transaction, which collected those fees, is good enough to be spent, then everything below that is now rock-solid, and will never be reorged anyway (and also, the same transaction flow can then be recreated from any other fees, so the chain of signatures starts with the coinbase transaction, and ends, when the coin is sent as fees).
I wholeheartedly agree!
That's why I said the same thing earlier. Now the concept of of using A decentralized public blockchain as an immutable type of cloud storage for what is otherwise ephemeral digital content is a sound one and provided DRM issues can be resolved, having the content publicly accessible would be great so We The Public can read/view/play, etc it.

Just as with out of print books, there is a shitton of games, movies, software etc. that is no longer distributed by the copyright holders that users would LOVE to have access to and be willing to still pay the copyright holders for the rights to access it. Again, that said - using the BTC for it is NOT the way to do it.
147  Bitcoin / Development & Technical Discussion / Re: Expect the Orginals game to get even bigger - actual games on: January 12, 2024, 03:20:09 AM
re: In the US at least, legality of storing/archiving copyrighted content, in this case vintage Nintendo games, per established case law and quoted from the decrypt article:
Quote
“Under U.S. Copyright Law, particularly Section 117 of the Copyright Act, owners of legal copies of computer programs (including video games) are allowed to make a backup copy for archival purposes,” Owens said. “Emulators are completely legal, and public domain games are too.”
The catch there is what constitutes a 'backup copy stored by legal owners of the original (and previously purchased) content" and the legality of said 'backup copy' being viewable and/or playable by anyone - not just the legal owner of said previously purchased content?

For those interested in how this interactive variant of Ordinals works using the SNES emulator here is the process used by pizzaninjas

While I applaud the archiving of otherwise ephemeral digital content and acknowledge the need for it (just talk to folks that purchased movies from several streaming sites that later shut down), using the BTC blockchain to do it is just wrong. There has to be another way to create immutable & public digital content libraries that use tokens for DRM control and a widely distributed blockchain...

All that said, as a miner do I like the fees being generated? Hell yes and come the 1/2ing those fees will probably often be close to or exceeding the block rewards.

As an occasional user of BTC so far when transferring coin I have yet to pay what I would consider an excessive fee to have a tx confirmed in less than 1 day. The catch there is, 'excessive fee' compared to what? Late summer of last year I moved several BTC from an online exchange to my hardware wallet for less than $100 and 1st confirmation was within a couple hours. For the last payout from Kanopool 7 days ago to the PPLNS users of the pool Kano used a near-zero fee to distribute the rewards from the pool wallet and it still was confirmed within a few hours. Go fig.

Ja using BTC for lots of <$50 tx's is no longer viable but when the ocassional tx is worth several $k and more - still cheaper and faster than a wire transfer.
148  Bitcoin / Mining support / Re: Transformer help on: January 10, 2024, 01:24:11 PM
No. It does not matter what the load is. Could be a single massive arc light, a data center full of servers or in this case, miners - all that matters is the rated power they pull.
149  Bitcoin / Mining support / Re: Transformer help on: January 10, 2024, 03:28:46 AM
Um.. 250,000*80% load gives 200kw/3500w=57 miners total. The 80% loading is standard safety margin for pulling power 24x7
150  Bitcoin / Development & Technical Discussion / Re: Expect the Orginals game to get even bigger - actual games on: January 10, 2024, 01:43:05 AM
Ja, on the technical end of it, for 1, currently it is targeting the low data space vintage Nintendo games, specifically the SNES. From the article:
Quote
Recursive inscriptions enable users to extract data from existing inscriptions, facilitating the creation of new ones. Owens detailed the process of splitting files into eight chunks and combining them with recursion to make the SNES emulator project feasible.

What would be awesome would be porting Castle Wolfenstein and its later progeny such as Doom to a blockchain. Just not the BTC one...

A more detailed article about it is here

edit - it seems that they already did it with Doom!
Link to the preview version here.  Grin

One huge concern I have is using recursive inscriptions to hold code that can be assembled into an executable - in this case the SNES emulator... What is to stop using the chain to distribute malware or C&C code for it?
151  Bitcoin / Mining speculation / Re: 2024 Diff thread happy New Years. on: January 09, 2024, 11:31:02 PM
The ordinal game is literally gonna get bigger - plans in progress to archive vintage Nintendo console games in them.
I started a thread here in the technical area about it.
Quote
TL;DR
    Bitcoin developers have unveiled a project that will allow them preserve Nintendo games with Ordinals.
    SNES emulator on the Bitcoin blockchain.
fun fun... At least it beats the hell out of the inane pics being sold to idjits.
152  Bitcoin / Development & Technical Discussion / Expect the Orginals game to get even bigger - actual games on: January 09, 2024, 11:19:51 PM
Now there are plans in progress to archive vintage Nintendo console games in them.
One fun bit is that the code for playing them through a Web-3 based emulator is stored there as well.
Quote
TL;DR
    Bitcoin developers have unveiled a project that will allow them preserve Nintendo games with Ordinals.
    SNES emulator on the Bitcoin blockchain.

Thoughts?
153  Bitcoin / Hardware / Re: GekkoScience has a new stickminer that does 300+GH on: January 09, 2024, 03:40:13 PM
Question for the experts, in your experience, which is the optimum configuration for the CompacF 3D printed fan, pull or push configuration?
as replied in Discord, for cooling heatsinks always use push. additional fans that are pulling are just to assist the pushers.
154  Bitcoin / Pools / Re: pool.vkbit.com - solo mining pool [stats @ vkbit.com] on: January 08, 2024, 08:32:06 PM
Using your old phones, new phones, laptops, or any other brand new CPU is wasting your time.

Prompting people waste their time, power and money like this is pure negligence.
Do you wanna bet? So, do you think no one ever will mine a block with CPU or smaller devices like Nerdminer in next 10 years? I will be here at 08.01.2034.
The ONLY way a BTC block can be mined by CPU/GPU or toys like the nerdminer is if difficulty plummets back to where it was around 2013. That ain't gonna happen unless the value of BTC collapses.

To have even a remote chance of finding a block means the miner must process at least 1 share before someone else finds a block. In other words it has to be faster than 1 share every 10 min (on average). At current diff that just   is  not  going  to  happen. Period.
155  Bitcoin / Hardware / Re: Avalon Nano 3 [unofficial thread] on: January 08, 2024, 03:32:17 PM
checked this out, if it wasn't fixed to brains it would be good for solo ckpool mining
wonder what the custom firmware is possible on this
wish bitmain would jump on this boat and use some proper efficient 16W/T s21 chips
My 1st guess is that the FW is Canaan's FMS which is what they've used from the A10xx on up.
So far I've not seen anything in the specs stating it uses the Braiins pool. Where is that said?

edit: Found it, it is on the indiegogo site
Quote
Each Avalon Nano 3 comes with a QR Code for registration of an account with the Braiins Pool. The stratum URL of the Braiins pool, including the username, has been configured and will match your account automatically.

That blows.
 A. I hate the idea of using QR codes as it largely requires using a 'smartphone'.
 B. there damn well better be a way to access the miner gui via a browser vs a smartphone.
156  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: January 07, 2024, 08:14:59 PM
@kano
As it's difficult to have a direct contact with a pool owner , can i ask if your node's connections are random or are you mostly ( or fully ) connected to other pools ? It's something i'd like to ask for a long time , it will help me understand if how i think network works is correct on not . Thank you in advance .
To keep from going off topic here, refer to post #1 in the Kanopool thread You can post your questions there and he will be sure to reply. Also has a Discord channel. See https://kano.is/ for the Discord invite for better access to the channel.

In short - it has several nodes spread around the world and fastest possible connections to the BTC network.
157  Bitcoin / Mining / Re: Is There A Guide to Help Me Start Solo Mining? on: January 06, 2024, 03:28:48 AM
What exactly do you mean by solo mining? If you refer to solo mining where you run your own pool/node, check this guide [Guide] Solo mine testnet bitcoins with cgminer, Bitcoin Core, and a Compac F. Take note that guide focus on software level.

What I understood by solo mining is mining with a single maching. I've been looking at the guide to make sense out of it.
The number of machines used is irrelevant, it could be 1 miner or thousands of them. Solo mining is mining a block without having to share the reward with other miners vs pools where the block rewards are split amongst all of the the miners in the pool.

To solo mine you just point your machine(s) at your own node (bad idea) or point them at a provider like the Kano or -ck solo mining sites.
158  Bitcoin / Pools / Re: How does Foundry USA pool avoid mining empty blocks? on: January 06, 2024, 02:44:30 AM
See my reply in the Ocean thread regarding this
Summary: pools have prebuilt blocks cached to be used as soon as they get a New Block Found msg on the network. If the pool is the one that found the previous block after broadcasting the New Block found msg to the network they will immediately begin working on their cached new block.

Yes, it is *possible* that the new block work may be superseded if a different previous block gets more confirmations before the one used in the new work but that is the very reason why it is a very bad idea to view a tx as 'confirmed' before it gets at least 3 additional confirmations and why it takes 101 confirmations to be considered irrevocably confirmed. Competing blocks are AKA as Orphan races which are soon resolved as more pools hop onto one or the other competing blocks.

I'm sure that Kano who was a primary dev (but not lead - that was Con Klovias) for the ckpool software can explain the process better but the OP seems to take great umbrage when reading what Kano has to say about pool operations...
159  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: January 06, 2024, 01:41:28 AM
Would it require a hard fork to disallow empty blocks? I'm surprised this is being allowed.

Well, if all nodes decide they would reject empty blocks, that would take care of it without a fork, however, this would achieve nothing, say I own a pool and I want to deliberately mine empty blocks, I would simply include only my own made up transactions and wala! my blocks are no longer empty and you will have to accept them.

Quote
BTC already has a limited capacity (7 tx/sec), so there's no reason to waste blocks (no matter the pool).

...
Humorous analogy but not right.
Mining empty blocks has *always* been allowed for 1 main reason: to maintain the 10min avg time between blocks for the (now) rare occasions that the mempool is empty meaning there are literally no transactions to process for too long of a time. In the very early days that was almost common, but these days is VERY rare but still does happen.

Speaking of mempool...
If you checkout https://mempool.space/ you will see *all* of the upcoming tx's in the que and what the expected composition of the block should be based on its profitability (fees paid). Note that while there is no one global mempool: every node on the network maintains its own mempool, so different nodes may hold different transactions in their mempools, ALL pools can also see that information and at least in the case of Kanopool have already selected what tx's they will use and have that data cached for use when a new block-found msg is broadcast to the network. The 1st cached data includes (or should include) the id of the previous block found to propagate the chain. It's how Ocean pre-scans ((or should be pre-scanning) the tx's that they will use in the change of work sent when they see a new block.

Difference is Ocean chooses to not include any tx's related to ordinals whereas Kanopool and all the others accept all of them so scheduling the tx's is easy

@alani123, you said
Quote
Pretty much every pool* out there will point their hash to an empty block while they're waiting for the new one to fully propagate. Not doing that would mean wasting hashpower for a bit more of a handful of seconds every time there's a new block.
and use that as a reason to mine an empty block. Kano has repeatedly said here that the time for his pool to generate and broadcast new work to all the miners is under 100ms + time needed for the data packets to reach the miners (ping time). I'd think that for most other pools it should be about the same.

Um, for whatever reason(s) Luke's original Eligius pool software was exceeding slow at processing new work and because of that yes even back then he was doing empty blocks. As he has always been censoring tx's (back then casinos) methinks that possibly Ocean has the same issues for the same reason(s)?
160  Bitcoin / Pools / Re: KanoPool since 2014 🐈 - PPLNS and Solo 0.5% fee - Worldwide - 2434 blocks on: January 04, 2024, 01:23:44 PM
@everyone PPLNS BLOCK!!! kano.is 824284  Grin
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