As to the above, I'd bet if you're talking about the United States it'd be the former (higher taxes for miners), especially given how much electricity is used. The only way I could see anything being subsidized would be if a mining operation were to use green methods in their farming, e.g., solar or wind. I haven't got a great sense of how the US government views bitcoin--there's nowhere near the amount of regulation I figured there would be at this point, but there's not exactly a lot of support for it on the federal or state level <snip>
Most if not all large scale mining in the USA already IS using 'green energy'. AFAIK the vast majority are using hydroelectric followed by wind. For hydro users in the Northwest the reason is simple: Due to several large river systems emptying into the Pacific ocean there are several very large dams located there so the power is cheap (and 'green'). You want subsidies? If you are in the US then you need to checkout Section179.org to see the rather massive credits a business can get for buying the hardware. While Section 179 of the US tax code applies to all small/medium-size businesses purchasing equipment it seems that a lot folks do not think of it applying to miners. If you are a mining business it DOES. Section 179 at a Glance for 2021 2021 Deduction Limit = $1,050,000 2021 Spending Cap on equipment purchases = $2,620,000 Bonus Depreciation: 100% for 2021 |
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Ronaldo is someone that at least everyone in the world has heard of, Bzzzt, never heard of him. Even if I had and he is some sort of celebrity I still would not care a single bit about what they say as I do my own research and rely on data for decisions. Not some random person's personal opinions. |
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<snip>
will it be pre setup to mine?
Worse is that since they are asking such a question while looking at used miners, they will be absolutely clueless about re-flashing the miner to be sure it does not have malware installed on it. Given that, who knows where & who it would be preset to mine at & for. |
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Did you even read that 1st time miners link? That amazon ad is another scam: It is used, very old gear from several years ago, way over priced, no PSU, bad/wrong/misleading info in the ad...  |
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"From google"? Whatchoo talkin' about Willis? Bitcoin miners are hardware. You might want to refer to this link for 1st time miners which by the way if you had bothered to look is pinned at the top of where you posted... |
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Please edit that from being a Quote to using the Code tag instead - it is the # icon right next to the Quote icon... The Code tag will change that from being a text wall to a much more readable scroll box.
Done, sir. Thanks for recommendation. And for doing that simple thing - you get your 1st Merit  Now you just need for someone to give you some help (I run Canaan's miners, not Bitmain ones) Cheers! |
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Please edit that from being a Quote to using the Code tag instead - it is the # icon right next to the Quote icon... The Code tag will change that from being a text wall to a much more readable scroll box.
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There's no denying it: Bitcoin is the only DECENTRALIZED method of payment in the world. No one controls how it is operated or mined.
Neither mining nor any other council is necessary. A rich person is yet again trying to exert influence over Bitcoin. Bitcoin uses energy and it is not a secret. <snip>
Thoughts? Oh, for a start, how about providing a link to what you are talking about? Beyond that, a 'council' implies a centralized operating body and that is not going to happen with BTC as it goes against it's guiding principal. |
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Looks like we got a nice drop in diff  Height Block Time Difficulty Change
687,456 2021‑06‑13 13:07:16 19,932,791,027,262 ‑ 19.93 T ‑ 5.30 % |
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it was an honor to hear of an event that was very foreign to my ears, because I had no idea what was being discussed regarding Taproot. I'm interested when seniors discuss this, so can you give me a reading reference to just see information and how this celebration is a hot topic in this thread.
If possible, please share your knowledge with me. by sharing the link for me to read.
thank you You just need to look in the right areas here like the Development & Technical Discussion areaTo get you started: Main Taproot proposal threadImplementation questions |
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So despite the FUD shoveling of recent days by celebs and other wannabe movers, looks like the new average for rates will be in the mid $30k's for a while. The swings from low 30's to high 30's should keep the day traders happy  What's puzzling is China cracking down on mining activities. In the areas using coal - it makes sense (to reduce emissions) but in the hydroelectric powered areas it does not. The entire reason so many farms were established close to dams is because China does not have the extensive interconnected national electrical grid system the US and many other countries have. As a result, the electric producers cannot readily send excess power to other parts of the country that could use it. Not being able to send the excess power to other areas means that the generating capacity is underutilized or in the eyes of the dam owners/operators -wasted. Being so energy-dense crypto mining is (was) the perfect solution to that. With farms being shut down (and probably being moved to say, Kazakhstan) I'm hoping diff drops even more. |
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<snip<are all dependent on very specific psu’s
only supplied by bitmain
since they can’t get chips to build and sell gear ⚙️
they simply refuse to supply replacement parts and all of us that have any of the gear i just mentioned dead in the water due to lack of replacement psu.
cannon all oem bespoke psus took me 150 days to get a psu that was 50th lost for 5 months
bitmain 300th off line dead psus.
microbit 100 th off line dead psus
so 450th offline and 1100th online.
Ya know, there is nothing special about miner PSU's, we just need information on the output voltage range, max current, and voltage adjustment scheme (analog 0-10v or digital signals) and then talk to Accropian, Delta, or one of the many other makers of custom PSU's to have replacements made. Would not be cheap but certainly doable... |
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You forgot to add the most misused word of them all -- Bitcoin.
Far far too many people seem to think that all crypto coins are "Bitcoin". They are NOT!!!
"Bitcoin" is NOT a generic term for all crypto coins - it is 1 specific coin. Only Bitcoin (BTC or BTC) is Bitcoin. All others are called altcoins or their given name such as LiteCoin, Doge, etc. The only all-inclusive generic terms for all coins is "crypto coins", "cryptocurrency" or just "crypto" for short.
Also might add that all the different coins also have their own coin-specific wallets and woe to anyone who sends the wrong coin to the wrong wallet...
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Russia has a lot of hydroelectric power plants in Siberia, so green energy is not needed there.
Um, last I heard hydroelectric IS green energy. Zero carbon footprint, utterly renewable, and all that...  |
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The amount of heat that your computer generates depends on the graphics cards that are installed in it. If you have 2 video cards GTX 1060, then the heat will not be too noticeable.
If you have 2 video cards GTX 1080 Ti, then this is a potential heater for half a kilowatt.
This is not enough to heat the room, but it is enough to warm your feet in winter. This is the Bitcoin mining area - not the alt crapcoins area. As such, folks here use ASIC-based miners and most draw over 1.25kw each, modern ones are over 3kw each. Aside from the noise issue they make EXCELLENT heaters. |
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if the same would happend on his thread, it would be deleted instantly Not if it was a one-off reply pointing to a solution to a specific function his pool does not offer. In this case the ability to create a trustworthy mini-pool with sub-accounts. Prolonged discussion of other pools - yeah right out. |
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No fees or Buy Ins just bring what ya got Mining Hardware. Even USB Antminers can get some love 💪😂 So in essence you want to make a mini-pool here using your wallet address with the promise that if anyone in it finds a block you will pay all in the mini-pool a percentage of the block reward. Because this pool is not setup to handle sub-accounts that means people have to trust that you will distribute their earnings... And the point of that vs folks just joining a REAL pool ran by known people/companies is what? Yes, if the mini pool gets a block the potential reward is higher than what small miner folks will get from a (very large) real pool BUT there is far too much risk of you absconding with the entire reward plus the fact that there is only a very tiny chance of the mini pool even finding a block... edit: I might add that a certain other small pool does have code in-place to handle the accounting needed for creating a trustworthy mini-pool with sub-accounts. The thread for it is here if you are interested in that. |
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Does anyone know how to turn off the blinking led?
A dab of dark nail polish or whiteout on it... |
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