running total transactions of all nodes: 456,464 over 2 YEARS
bitcoin transactions ONE DAY: 453,811
1/730 (0.137%)
Uh NO. Those are just the transactions that were ROUTED THROUGH LQwD them not ALL of LN. As in A-> LQWD node -> someplace else. Not the transactions they sent. Not the transactions they received. Just the ones that passed through. And it's 300000 give or take over the last year. You hate lightning, fine we get it. Don't use it. I opened a channel this morning to a well connected node with a low fee since I did not care how long it took to open. Got lucky and it opened quick. (yea) Made 7 LN txs to pay bills (boo) And just set a close TX at a low fee since I don't care how long it takes. But for now, welcome to my ignore list. You don't want to care you just want to shout at the world. I see more and more people using LN every day. Or at least my clients are getting more LN payments now then ever. The number of merchants that accept LN are growing. -Dave |
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We would like to emphasize that financial losses affected only our service; hackers stole funds to ensure the liquidity of the service, that is, the company’s funds and user funds were not affected. So those were not customer money nor company funds, was it the hacker's own money, or what cause if somebody provided liquidity for your company then it's your company money, and you're going to have to pay it back!!!! The first one might have been a genuine hack, this one sounds like an exit...s word! This sounds like an inside job: first drain the company, than drain the next guy involved. Sound like they are being vague on purpose. Had they said this: No customer funds were lost. The funds we have to run the company on a day to day basis (hosting, payroll, etc) were not lost. The only funds lost were those that were in hot wallets that were needed to run the service on a day to day basis. Is much more clear. But at that point they have no wiggle room. The generic ambiguous statement that they put out can mean just about anything. Also, English may not be their native language, they may not know what they said outside of Google Translate.... -Dave |
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Considering how many larger crypto players are using LN it's amazing how many people still keep up with the it's dead and not being used story. I can mine at https://braiins.com/pool get paid with LN. BitPay who for years was still one of the biggest promoters of BCH now supports LN. Even smaller LN providers are ROUTING 1000tx a day now: https://lqwdtech.com/node-stats/And so on. If you want to run your own node there are 1 click installs that work well. If you want to have it run by someone else there are many custodial services that work well to that are very inexpensive. If you want to run it your self by hand then it does take some knowledge, but that is a personal choice to do it that way. People are still loosing access to their BTC every day, saying that people loose BTC by using LN is just silly. Don't have a proper backup of your wallet.dat file and your drive dies. Kiss your BTC goodby. Don't have a proper backup of your LN node data and your drive dies you can kiss your BTC goodby. See same. I have several nodes running, some I disclose here, others I don't. Why, because I find it a fun, interesting project. When I had some issues with one of my 'nodes in a box' https://bitcointalk.org/index.php?topic=5364113 there were NO issues with bringing up another node and recovering it because I had proper backups. I see people loosing funds on the LN NOW as not following how to do it properly. Years ago when things were more in alpha then beta you could more easily shoot yourself in the foot now it's harder if you do things the right way. Same with BTC a dozen+ years ago. -Dave |
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And do you feel this heat really warming the room?
Or do you think it won’t be as efficient if the space is a little bigger?
That temp is the temp of the power brick, not what is coming out of the miner. But for where it is now, no there is no way it could do ANYTHING due to the size of the room where it is. Running it in the small back room of my condo it did do A LITTLE bit but you are talking about early spring temps in a 200 square foot (18.5 square meter) room. I can see it in places like that, or where there is a little chill that a hundred watts and change can bump up the temp those couple of degrees to make things more comfortable. There are times my S9 space heater conversion or L3 heater conversion are a bit too much. This might work better. Probably going to sell it after I have done some more testing it's nice but not great. -Dave |
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yeah not a fan of the rasp pi.
It seems underpowered expensive and not very reliable. I remember the Raspberry Pi as being cheap back in the days. The Dutch Raspberry Pi Wiki confirms it started as educational, with an open structure. Wiki shows a $5 basic price (Pi Zero) up to $35 for the Pi 4 B. I also remember seeing all kinds of extensions you could buy, to connect other applications, do your own programming and use it to automate real life things. Nowadays, the Pi seems to be used more as a small computer, with more power, more memory, more storage, and a higher price. I've never owned one, but it looks like it's a completely different product with a different target audience now than when it started. RPi lost the price advantage, when Intel dropped the prices on the low power CPUs. Even when the RPi4 came out the embedded / N100 type CPUs (yeah I know those did not exist then but the equivalent) were more then the entire RPi itself. Now Intel is pushing the board + CPU (no ram) should be at the $50 or so price point. So getting the mini PCs out the door now for $175 is not even that hard. The Zeros and other ones are a different story but the last run of the 4's and now with the 5's RPi has gotten more expensive. HOWEVER, the RPi can be more of a tinker project. There are a lot of cases, add on boards, and other things that you can use it for. The mini PCs are.....mini PCs if you can't plug it into a USB port you can't add it. In the end it really is going to depend on what you want to do with it. The new mini / NUC vs used micro PCs that Phil uses can probably be discussed forever. It really comes down to what *you* like. -Dave |
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Small Update i got a lead from reddit :
Does the BIOS have resizeable bar support? I heard that P100/P40 requires this for multiple cards to work well.
i could not locate resizable Bar Support in the American Megatrends Bios ;(
somehow i cannot add pictures here, otherwise i would have share the bios options.
1) No it does not. Or at least it did not the last time I used one of these boards. 2) Is it *really* worth all the time you have been putting into this? Would you be better off getting something that is known to support it. YES there is a cost, but how much are you loosing each day not running all the cards? 3) Go to https://www.talkimg.com/ and you can upload an image there and then post it here. If you want an account react out to @joker_josue https://bitcointalk.org/index.php?action=profile;u=97582-Dave |
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He says people are following my cult, but clearly no one in their right mind would be following his.  Is your cult one of the fun ones with lots of orgies and free love? Or one of the boring ones that we sit around chanting for inner calm? Looking for something to do this summer since it looks like my motorcycle is going to be in for warranty work for the foreseeable future and a free love orgy cult sounds like fun. Anyway, I don't know all the ins and outs of the courts on the other side of the Atlantic, but here in the US there really is no way to go back and say you didn't say something in a civil trial. You said it, it's on you, and people suing you can use it against you with just about 0% possibility of you being able to dispute it. -Dave |
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Running at "High" speed, since there are no other setting you can tweak.  Bounces between 134 and 139 after the1st couple of minutes of settling in have not seen lower or higher. LEDs are off. Going to test another generic adapter and then a name brand one to see if anything changes. Have to get them out of storage. -Dave |
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If anyone cares this is the power supply / charger that came with the unit:  It does get nice and warm when running the unit at top speed:  I want to put a kill-a-watt unit on it to see what it's really pulling from the wall but have to run out to take care of some things. -Dave |
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This makes more sense, if you run ads in your faucet then you could get some nice income, that's how faucets make a profit, and the only one who really wins on that business is the owner of the faucet.
Income from ads is dead in faucet sites. Has been for years. Look at a place like a-ads https://a-ads.com/earn/ $10000 across 4000 publishers wow you get $2.50 a month. There are better and worse platforms but all fall around there. If you want to run a faucet as a project to learn that is fine, but don't think you are going to make any kind of real money. To do that you have to put up a site with real content and put work into it. -Dave |
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If you are talking about this BAT: https://coinmarketcap.com/currencies/basic-attention-token/ then there are a few non KYC places to trade it if it's in a wallet you control. If you already sent it to Uphold then yeah you need KYC. But then you can move it to a non KYC exchange and then to your wallet. Back to this. Keep in mind the more places you have your wallet.dat / private keys the more secure you are in case something goes wrong. BUT the other part of that is the more places you have it, the more vulnerable you are to someone getting access to them because they are in more places. -Dave |
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Yes, I got the power supply from them. $30 for a 140W USB power brick is not a bad deal.
There are some that are a bit cheaper but not enough to matter.
Not to mention, if something did go wrong or was not working properly, you now have Cannan blaming the adapter and whoever I got the adapter from blaming Canaan.
Buying theirs eliminated that possibility.
-Dave
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I just topped up my starbucks card with a gift card that I bought with lightning. Cost me 2sats in tx fees. Left my node, wound up bitrefill. Don't care how it got there all I know is the 1st hop since I can see that in my channels. I open channels when fees are low and I don't have to worry. Off to meet people for a ride.
2 sats in LN fee the idea/promise/promotion of msats being multiple 0's below 1sat to allow fees to be many times below 1sat seems to be dying out too as a promise/proposition, if you are paying more then 1whole sat guess the LN promise of sub-sat(msat) fee's already broke.. seems even LN is starting to hike up their fee's (and before claiming anything. LN only functions over a 20hop gossip path, meaning the max length to destination could be 20 hops. meaning minimum fee per hop if full path was used would be 0.1sat, even though msat allows for far more subsat pegging) Nah, the reason most places charge 1 sat to route through their node is that it's the default. Some charge less. Some charge more. Some don't charge. But most people running their own nodes just kept the default. -Dave |
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Another stable coin and now it from Ripple, great! Why would they want to use Ethereum blockchain? They would then need to compete with Tether. Which I don't think will help them but the XRP army would now start believing again that XRP will go to moon after this news. They should remember that the fight with SEC is not yet over and things can go from good to bad.
It's not just the ETH blockchain from what the article says they will be on the XRP chain too. I can see that working for them due to fact that a lot of people have one or the other. Not sure how many users have both, so it might get their stablecoin in more hands. As to it being NEEDED, do we really need another stable coin? I just don't see it. -Dave |
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One application (and yes it's custodial I know) is is doing 750k LN TXs a month https://twitter.com/walletofsatoshi/status/1711208926727885153Breez is also doing a lot as are others.
If you don't know what you are doing running your own LN node can be difficult. And a lot of people think it's like running Core (which people still screw up) but if you take the time to learn it's really nor that bad. And, if you want to use a custodial service (bad) LN is great. The other side is, if you are treating it as a hot wallet, who cares. Like I have said many times trading security for simplicity has risks, BUT if the risk is a minimal amount of money does it matter? 1 TX and done.
I just topped up my starbucks card with a gift card that I bought with lightning. Cost me 2sats in tx fees. Left my node, wound up bitrefill. Don't care how it got there all I know is the 1st hop since I can see that in my channels. I open channels when fees are low and I don't have to worry. Off to meet people for a ride. Which does being up the other question, why do we meet at a coffee shop before a ride, that just means we have to stop and empty our bladders sooner..... -Dave |
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Hey, all… my first post. For a few years I've been using a refurbished Dell Optiplex 9020M micro with an Intel Core i5-4570T, 16 GB of RAM, and an internal 2 TB SATA SSD… running Ubuntu Server. It works fine, but it's an old machine, and newer & more efficient low-power Mini-PCs have been flooding the market for a few years now. I'm currently eyeing one based on the Intel N100, which, compared to the old CPUs (especially the Intel Core CPUs), is a lot better: https://www.cpubenchmark.net/compare/5157vs2041/Intel-N100-vs-Intel-i5-4570TFor example, the Beelink Mini S12 Pro comes with 16 GB of RAM out of the box, can work with 32 GB, can house an M.2 NVMe SSD up to 2 TB and an additional SATA SSD of 2 TB, which is probably enough for a full node running Ubuntu Server for many decades worth of timechain storage, all of it on the internal M.2, with regular automated backups to the internal SATA SSD. And it's probably not a lot more expensive than an old refurbished Mini-PC. More fun of course would be to build one yourself, e.g. with an ASRock N100DC-ITX, and a cheap Mini-ITX chassis, e.g. one by SilverStone like the Milo 10, or (if you have a home lab) a 1U rackmount chassis for better expandability, which is always possible with a DIY build. Yes, I have been moving my RPi setups and other old micro PCs to the N100 Beelink and similar. Faster then the PI, cheaper then the PI (once you add in the cost of case + PS + stuff) a little faster then the 4th gen i5 and a tiny bit slower then a 6th gen i5 but for applications like this it's perfect. 16GB Ram and 512GB drive for less then $175. Just swap out the drive for a 1TB ($65) and you are good to go. For $10 on amazon you can get a case for the drive that came with it and you now have a 512GB portable USB drive and it's all new. No worry about refurbs. -Dave |
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.... In the UK, we are facing an increase if government control and investigation of crypto holdings, and I understand that at the end of this month the new UK laws will be activated allowing the police and other government entities to seize crypto assets. In view of these changes, do you think I am taking a sensible approach to protect my long term Bitcoin holdings?
Not to ruin your day but the government has ALWAYS had the right to seize your assets if they wanted to. Cash / gold / crypto / whatever if they want it it's theirs. The laws coming down just give more guidance and specificity. Going with that theory start using a hardware wallet this way if someone takes your laptop they can't do anything with the wallet files on there. https://hwi.readthedocs.io/en/latest/examples/bitcoin-core-usage.htmlSome things will take some time to configure and play with but it does add a level of security and unless they want to $5 wrench your pin code out of you then you should be good.  -Dave |
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Going by https://mempool.space/lightning and looking at capacity vs. channels we see the channel count dropping off a bit but capacity staying level in terms of BTC
86k->52khttps://bitcoinvisuals.com/ln-capacity5.4k -> 4.6k"just a bit, stayed level" .. funny. you should book some stage time in the comedy circuit and make more jokes Which IMO is why we see these big LN providers keep getting bigger.
the big LN custodian services are not getting bigger. its just when you remove the independent self custody users. all thats left is the LN custodian services so their PERCENTAGE of total LN liquidity increases. even if the AMOUNT of LN liquidity decreases its basically centralisation You don't use LN and you don't like LN and that's fine. You do you. 6 months old but: https://cryptopotato.com/bitcoin-lightning-network-growth-surges-by-1200-in-2-years/I use bitrefill a lot, I also use other services that take lightning a lot. I have my node peered to what works for me. The channels I have open work for what I need it to do at a fraction of the cost of sending BTC payments to all the places I use all the time. Some people like paying cash for things. Others would rather put everything on a credit card and get the cashback and pay one bill a month. Neither one is right or wrong. -Dave |
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the problem is that it solves things people are not really finding troubling anymore. I'd love to make 20 times more Bitcoin transactions than I currently do, but I can't because of transaction fees. And even if I'd just pay the higher amount, that means someone else can make less transactions because blocks are full already. At best, a merchant would use a generic payment provider that also accept LN, as part of a long list of crypto options. Which IMO is why we see these big LN providers keep getting bigger. YES they are for the most part custodial, but if we are talking about hot wallet amounts who cares. Use Wallet Of Satoshi send 1 TX for whatever amount you want and get LN funds then spend LN funds wherever. And you don't have to think about it. And if once every couple of weeks you have to send them another BTC 0.002 to top up it's not a big deal. -Dave |
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Optical discs can be quite reliable if we're talking about a good brand (like Mitsui Gold CD-R or Taiyo Yuden Ceramic DVD-R). They can last up to 100-200 years. I have optical discs from the 90s/2000s and they're still fine... But yeah, these days nobody uses optical discs anymore, most PCs don't even have an optical drive. It's also very hard to find reputable brands these days. If someone knows what they're doing, they're fine. NAND/flash memory (USB sticks, microSD) has a data retention period of 10 years. It used to be more reliable 15-20 years ago, not so much anymore (lower nanometers increase capacity, but reduce reliability). It has been seen on even the best high quality media. Although it is VERY VERY VERY RARE vs the average disc it still does happen. I have seen discussion about this on sysadmin forums.
Back to this, there is someone who always wants to re-invent the wheel. If they are storing private keys then they have a limited # of addresses. BIP39 can get you unlimited address. So if you are talking about long term cold storage that is one thing. If you are talking about securing a wallet you are using day to day then it's another since you are going to wind up loosing privacy due to address re-use. If you are talking about long term cold storage of large amounts of funds at one address then this is even worse. Much like the lukejr hack you are storing vast sums in an insecure environment. That is just asking for trouble. And you are vulnerable to the $5 wrench attack. A seed phrase stored in a bank vault that you have no other business with is a better security method. -Dave |
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