but you would need millions of 10 watt devices. as you would want the product to have 1%-2% of the hash rate.
also would need many nodes.
Yup, millions and even hundred of millions, as to come closer to the hashrate right now you would need over 800 millions chips ... But if we manage to get more of those and not just at 10W, maybe even higher with 50W, and as their hashrate will start making larger farms income go down you could probably achieve some level of true decentralization with fewer devices. Imagine how big farms would feel with the halving coming and knowing half of the hashrate is run as fancy wallclocks and their owners don't give a damn about the price per kwh?  Exactly a 25 watt node with a chip or 2 would be best. But price needs to be low. there are a few units that are close to what would be best. This unit is good very efficient, it could use 2 chips vs 1 and a node option. At a good price. The new Apollo is 4th with a node but is not efficient as this and is far too costly. Canaan has the nano it is not as efficient and it does not have a node option but it is cheap. If you could build a 2 chip 19watt 1th miner with a node and sell it for about 400 with the node and 150 without the node it would work. But I do not see this coming any time soon. It would make it decentralized for sure. |
|
|
|
pushups for bitcoin
are you doing share of them
I do planks instead.
an exercise in haiku
planks are way better they don't mess up your sternum long term, push-ups do. push-ups are ok tho, but you have to compensate symmetrically hang from a high bar with slightly flexed arm muscles as long as you can #workouthaiku can't do pushups due to umbilical hernia repair. Huge stress feeling on the mesh when I do them. Planks do not make that feeling at all. So I do the planks. I added stairs today. down 12 steps up 12 steps do it 8 times which is like an 8 story walk up and down. Planks my goal is: 50 seconds left side 50 seconds right side 50 seconds two handed two times a day. just did 50 second left 50 second right I will catch breath and go do 50 two handed and done. so 1 set of 50-50-50 seconds each also 180 steps up and down 84 up down set and 96 up down set. @ SamReomo I already see BTC at 71k before the ½ ing a new ATH which I see getting broken in the Fall by over 100k. Which I see that getting topped in December 2024 over 200k I see the best cycle ever for about 21 months in a row which is till late fall of 2025 |
|
|
|
Who made the joke?  It was skot9000 himself: https://twitter.com/skot9000/status/1755326025943163030and he seems like he didn't get it from Zeus either but directly from Bitmain: (from his tweets) nobody is selling individual chips yet. you have to buy a "pack" of 324 chips attached to this pesky shipping container called a S21 But at 40$ it would be a bit expensive but not that prohibitive for hobbies and stuff. If you buy the whole miner for 5k you get the chip at 15$, I don't know how much the other stuff is but you could probably glue it together for another 30, rounding it to $70, so of course it won't compete in ROI with the S21 but a million of those could compete in profitability, no hobbyist is going to care about a 10w chip running on the desk. Either way this would be the only way to true decentralization. but you would need millions of 10 watt devices. as you would want the product to have 1%-2% of the hash rate. also would need many nodes. |
|
|
|
Okay buddy I will do some lifting for you . I am adding stairs to my routine. 96 steps coming up! |
|
|
|
Therefore, miners gotta be careful. Imagine the government forcing them to connect to "approved" pools, like some shady social club. They could pump up the hashrate of these pools, messing with Bitcoin's whole decentralization thing. Not good.
a mining pool is just a piece of software(node with extra scripts(stratum)). it is not a facility dont confuse mining pools vs asic farms Yeah the biggest pool more or less is foundry. They are commercial you need to have at least 20ph to join them. That would be about 100 S21 units which would burn 350kwatts an hour. basically a 20 foot container loaded to the brim. Now many actual mines can have 100 of these containers burning 35000 kwatts or 35 mega watts. There are huge farms in Texas not pools. They help stabilize the Texas power grid. When Texas needs a lot of power for ac in the summer they shut the gear off and get paid to do so. The fear that btc will be owned by the government is just dumb as it is already owned. |
|
|
|
|
pushups for bitcoin
are you doing share of them
I do planks instead.
an exercise in haiku
|
|
|
|
Wow, so much is needed even at a basic set up like this, how much is your capital in all of this? The basics for this seems to me like a lot of money. Starlink got the hype last year in my country but there doesn't seem to be enough people that wants to take on it. How's your profit on this monthly though? Have you got to the ROI yet?
Erm, it's really not a lot. You seem to be focussing on the wrong thing. For the networking setup described above, cost is about $100 for a cheap PC off Ebay, around $50 for an old network switch (doesn't need to be fast or fancy). So $150 all-in on networking hardware. These are the basic things you'd need even without remote access (as you need a PC connected to the same network as miners in order to configure them, restart them, monitor log files when errors occur etc). And the switch is required in order to connect multiple network devices to your internet source. The only additional thing (for remote access) - is literally an app or software, which depending on your windows version may be included anyway. The power, cooling and racking infrastructure is what you should be focussing on. For 50 miners I would estimate somewhere between $3,000 and $15,000 - depending on the quality of components used, building works required, whether you use external tradespeople etc. You will need some heavy duty switchgear, cabling and wiring work. Whilst I've done all mine myself, this is really something a professional should be doing. I've been mining 4 years across several locations, obviously it is profitable otherwise I wouldn't be doing it. You need power around $0.06 per kWh or lower realistically (to profit from mining commercially). And even then it is a very risk business. For most it makes more sense to just buy Bitcoin and hold. yeah six cent power all in works. lower is better . but at six cents you will likely profit. |
|
|
|
I think it's a challenge that everyone should do, I'm in! For those who haven't done push-ups for a long time, start with smaller numbers. For example, you can start with 48. Then it can be increased to 100 and 400. This is not really difficult, it can be done as 200 in the morning and 200 in the evening. When you feel the difference, you realize it's worth it. I don't think this challenge will last long. We have to gain as soon as possible.  Thank you for that! I got to 60 and then every infraction was just 1 pushup. 67 so far, and the infractions have also reduced in intensity. Bonus. Can anyone recommend a similar yet opposite muscle balancing exercise to maybe alternate these pushups with, or is that what the hours at the keyboard are possibly for? I added stairs. It is 12 steps to my basement. So I went up and down 8 times. that is 96 steps down and 96 steps up. 🆙 Just did it. I am now on the stationary bike. goal is 33 min and 33 seconds and 100 rubber band pulls . plus I am doing the planks . When all this started I was doing 20 minute three times a day on the bike and around five minutes of band pulls. So I added the planks and now the stairs. May as well say all goal here. drop chorlestoral to what doctor wants. drop weight to 180 from 205 drop a1c from 6.8 to 6.0 do the planks do the bike do the stairs do the rubber bands. tweak diet just a bit. I am a pretty good cook. So I will sub pork loin for pork ribs. make a lot of different white chicken breast meals. very few grains . would love to get back into really good shape so I can enjoy my 100k btc. |
|
|
|
some relief we are at 8.9% https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 829982 (4 minutes ago) Current Pace: 108.9222% (1407 / 1291.75 expected, 115.25 ahead)Previous Difficulty: 70343519904866.8 Current Difficulty: 75502165623893.72 Next Difficulty: between 81613810923868 and 82282644634810 Next Difficulty Change: between +8.0947% and +8.9805% Previous Retarget: February 2, 2024 at 10:35 AM (+7.3335%) Next Retarget (earliest): Thursday at 7:03 AM (in 3d 21h 11m 8s) Next Retarget (latest): Thursday at 9:34 AM (in 3d 23h 41m 50s) Projected Epoch Length: between 12d 20h 28m 37s and 12d 22h 59m 19s 70% into the jump.. Maybe we back off to 7% |
|
|
|
Note the minimum fee here is 9sat/byte
that does not mean that blocks are grabbing all transactions 9sat up it means SOME mining pools are selectively (pot luck lottery style) adding a couple random transactions outside the "highest fee first" policy just to seem reasonable.. the 9sat/b does not mean your 16sat/b has priority over say the 20sat/b ones nor means that your 16sat/b should come before the pot luck lottery of cheap fees outside the fastest first policy you just have to be patient yes its annoying, yes bitcoin is made using code. yes code can codify rules of acceptance to be more fair, yes transactions can be analysed into a formulae where coin-age and "first seen" can produce a priority order... but many people that want bitcoin to be annoying to promote offchain systems as solutions to the annoyances, dont want the annoyances fixed
using https://jochen-hoenicke.de/queue/#BTC,2h,count there is about 17,000 transactions waiting paying 14-17sat/b so you are in a waiting list with 17k other transactions of about your fee rate looking at latest block(fee range chart, highlighting transaction in the 15-16sat/b basket range) https://www.blockchain.com/explorer/blocks/btc/829631 out of 1038 transactions in that block that miningpool only randomly selected 118 transactions from the basket of transactions 15-16sat/b meaning only ~9% of a block selector chooses the lottery of your range. but your range has 17k other competitors so math suggest if only ~120tx of your range are selected per block you have a 120 of 17k chance of being in next block(0.7%) Ok. Then it should DETECT THE TRANSACTION AT LEAST.I am aware of priorities. Higher preference would be given to higher bytes fees but at least DETECT IT. Mempool says transaction not found. It is one thing to detect a transaction and it is another thing to process such transaction. This is an unfair treatment given to me and I believe it should be addressed properly Basically you were too cheap and are now complaining about it. or am I wrong? and after just an extra day or two it cleared. Yeah don't be that cheap. I do a bit lower than normal but never do low. |
|
|
|
Seems the chain spammers have finally run out of money, or I guess achieved their goals. Just to remind everybody again, the solution to high fees, is high fees.  I never really cared about the mempool fees until I started to running a lightning node. Now I keep a tab open at all times to monitor the mempool when I'm using the computer. January was quite a rough month, considering the mempool fees. I had two channels force closed, costing me roughly 200k sats. So looking into the future when mempool fees are consistently higher due to more users, how negative do you think that will be for the LN? I mean the whole point of it is so that we can still have cheap transactions. I really know very little about the theory, or current practicality of it, at the moment as I just haven't had the time to get into it. it is easy to use ln if you open an account with kraken. Just remember they are an exchange an the coins are not yours. But they give you access to their LN wallet you can send or receive and not do any bs with maintenance I keep around 350 usd worth of btc on that exchange just incase I need to do LN. |
|
|
|
Price is dipping. Who isn’t doing their push-ups?!?
I will knock out a left side plank right now! Just did a 40 second left side plank which is not easy for me to hold that long. And we may dip back under 47 k we are dancing at 47080. Maybe I can work up to 50 second planks by next week We may need them to get us over 50k and stay there |
|
|
|
I agree with the first statement but not the second. Why would you ever consider trading back to fiat? I would rather see Bitcoin drop to 0 before trading back to fiat.
buying nice things ? I'm pretty sure many are getting back quite some life changing amount and they will consider cashing out a part for ... see above I prefer to buy things i need over things that are nice. For now, i'm satisfied with my current life, so no real need to change it. At least not this early that's exactly what I'm talking about: for some it's not early anymore and they are sitting on a 50x or 100x and btw buying things you need is nice as well... isn't it? I've been getting by on nothing for so long now, I don't feel like I need anything. Maybe a case of Indian River Ruby Red Florida grapefruit... but that's about it. haven't sold a satoshi for about 8 years but not everyone is the same I love fruits btw. I rarely eat vegetables.. I worked on a farm when I was young - there's nothing like Cortland apple fresh off the tree. After bringing in straw for 10 to 12 hours, I would cycle by the orchard on the way out and grab the biggest one I could find to eat on the way home  A perfectly ripe home grown vintage tomato. Picked warm from sunlight. is really good. |
|
|
|
Doubt it! S21 is already itself a giant pace in efficiency, I doubt that Bitmain has another ace hidden that it plans to release after the halving to screw everybody!
This unless they ar already able to do it with 3nm, but with the current geo-poli-eco madness I don't see them bein first in line at TSMC for that.
They can stuff more of the same chips in a single miner and end up with a more efficient and powerful gear, higher cost but it all depends on what the market is post halving. Yeah if we have an early ATH and it just keeps moving well they will want to sell a s21 xp doing 240th and 3500 watts. But right now btc price is too low for them to sell that. |
|
|
|
yeah do not push to hard.
I just did a 36 second right side plank
and a 36 second push up style plank.
I need to do a left side plank for at least 28 seconds and I will be at 100 seconds of plank for the day.
and did a 30 second left side plank.
brings me to 102 seconds of plank.
they are not as long as I can do at the moment.
but 100k may take time so with luck maybe I can do
40+40+40 by march 1 and then 50+50+50 by the ½ ing.
off to my home made chicken soup for lunch.
working on the diabetes. i finally needed meds. dropped a1c from 8.4 to 6.8 looking to get to 6.0
also looking to drop cholesterol form 105 to 70. this is the bad number as there are 3 numbers that make it up.
added a 40 second 2 handed plank I am up to 142 seconds |
|
|
|
well six cents has basically almost always worked. i am interested in seeing what it does.
Yeah that thing was valid when BTC was at 42k but when you get 10% in under 5 days and 5% up in a day with income per th/s probably going above 9 cents again things start to change quite radically. So the 6cents/kwh border might become only 8cents/kwh if this things hits previous ATH levels, this despite the growth in hasharate. Eveything becomes muddy again. Do we have any new equipment being tested that has not yet been announced? Something that will really "revolutionize" the market? Well, this "revolutionizing the market" part is already a very high expectation on my part.  Doubt it! S21 is already itself a giant pace in efficiency, I doubt that Bitmain has another ace hidden that it plans to release after the halving to screw everybody! This unless they ar already able to do it with 3nm, but with the current geo-poli-eco madness I don't see them bein first in line at TSMC for that. they have no need to put out the s21xp but if coins go to 75k they may decide to put one out.. they always need to pace gear. and with this huge amount coming on line this jump they will not make a new model just yet. The s19 pro and s19 xp came out around a year apart. |
|
|
|
You all know this doesn't have legs right? I don't think there's been a better sell signal in all of history for anything.
buy 50k in a day! |
|
|
|
You all know this doesn't have legs right? I don't think there's been a better sell signal in all of history for anything.
I love 💕 you proudhon. |
|
|
|
Come on BTC, let's get to that $1 trillion market cap and never lose it again. what do we need 52k? maybe 51.45k price does it. |
|
|
|
|
yeah do not push to hard.
I just did a 36 second right side plank
and a 36 second push up style plank.
I need to do a left side plank for at least 28 seconds and I will be at 100 seconds of plank for the day.
and did a 30 second left side plank.
brings me to 102 seconds of plank.
they are not as long as I can do at the moment.
but 100k may take time so with luck maybe I can do
40+40+40 by march 1 and then 50+50+50 by the ½ ing.
off to my home made chicken soup for lunch.
working on the diabetes. i finally needed meds. dropped a1c from 8.4 to 6.8 looking to get to 6.0
also looking to drop cholesterol form 105 to 70. this is the bad number as there are 3 numbers that make it up.
|
|
|
|
|
Show Posts
