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1741  Bitcoin / Mining speculation / Re: 2023 Diff thread now opened. on: January 09, 2023, 12:49:24 PM
Was talking with a friend over dinner the other day and he thinks there are going to be a few big difficulty jumps up early in the year followed by a long period of flat.

His logic more or less is that with all the bad news coming out of the industry money people will be less willing to invest so large new mining farms are not going to come online but those that are surviving will keep going. Some will drop off, their gear will be sold and keep mining. Even places will secured funding are going to be more hesitant to buy since intersect rates are up and that is going to make them not want to spend.

Small individuals will keep mining some will get more efficient gear others will leave but in the end that is not going to matter much.

But what he thinks is going to be the biggest diff movers is power. A lot of places that got cheap rates in 2020 / 2021 for 2 and 3 year contracts are going to be coming to an end this year. will they be able to keep them or are they going to get a penny or two per kwh that takes them from small profit to small loss. And they just pack it in.

The company he works for is looking at that issue now. They had an OK but not great rate for power at their manufacturing plant and it's going up just a bit. But as the owner of the company said to him, that bit is going to be close to $3k a week during the summer when the chillers are running all day. Less in the winter but it's still probably going to cost them close to an extra $70k to $100k in power this year. Which considering their overall cost is not much. But it means that they are not getting that new machine they wanted.

Miners are going to be in the same hurt unless they planned for it.

-Dave
1742  Bitcoin / Bitcoin Technical Support / Re: My node is not reachable from Bitnodes, other wallets: maxed out incoming peers? on: January 08, 2023, 10:21:22 PM
/128 is the 1 IP so it should do the trick. But unless the way it works has changed it's not proactive.
So if you unban it now it can still get banned later since it has not been banned yet.

Guessing, since you did not restart the node you have not done testing with the Sparrow configuration changes yet.

-Dave
1743  Bitcoin / Bitcoin Wallet for Android / Re: MUUN - Looking for feedback from existing users on: January 08, 2023, 02:52:47 PM
There are a few options out there that will do what you want in terms of getting the coins leaving an address out there that people can send to.
BUT going though your list the non custodial and open source are going to be difficult to find unless you want to run your own BTC and lightning node.

It's not difficult, there are plenty of guides and pre-configured options. But it's not going to be as easy and installing an app on your phone and running it.

-Dave
1744  Bitcoin / Bitcoin Technical Support / Re: My node is not reachable from Bitnodes, other wallets: maxed out incoming peers? on: January 08, 2023, 01:36:29 PM
Did you get anywhere with this?

You may want to check the debug.log file to see why those IPs were banned. I put it as an off the top of my head suggestion but if your node banned them for some reason it might be banning other nodes that are legitimate too.

Also you said 24.0, although minor, the released version is 24.0.1 not important for these issues but there were 3 other bug fixes in it.

-Dave

 
1745  Bitcoin / Wallet software / Re: Samourai Whirlpool Client launch - FOSS & written in Rust! on: January 08, 2023, 12:40:32 PM
Looks interesting, but as ETFbitcoin pointed out you really have to search to find a wallet written in rust.

I like that people are developing everything in every language so that if for some reason we all have to shift to wallets written in something else they are there. Cannot think of a reason off the top of my head but there mat be one someday.

However, my concern is that if less people use it, there are less eyes on it so even though it has been through many validations with Samourai Wallet Whirpool coordinators, things might still be there that people missed.

But still good.

-Dave
1746  Bitcoin / Project Development / Re: Trade Tweets with your trusted Broker on: January 08, 2023, 12:31:24 PM
So after all the discussions about not your keys not your coins you are introducing a service that

1) Makes people leave coins on an exchange while

2) Is making trades based on tweets from a platform that has had a massive hack / data leak: https://bitcointalk.org/index.php?topic=5431822

3) Is leaving API keys in someone elses control: https://bitcointalk.org/index.php?topic=5432206

4) All with a site that gives no owner or contact information / no physical address.

Don't think you are going to get a real positive response here.

-Dave
1747  Economy / Exchanges / Re: FTX Finally Files For Bankruptcy After Binance Refused Bailout on: January 08, 2023, 03:38:36 AM
Another update: According to cointelegraph, FTX made over $160 million in donations to over 110 charities and not-for-profit and now those donations could be returned.

According to reports, Sam Bankman-Fried was the second largest CEO donor to the Biden presidential campaign in 2020 with $5.2 million. Imagine the Democratic Party or the Biden Camp being asked by FTX creditors (and backed by the criminal investigation team) for their $5.2 million in questionable donations to be returned. What will their response be?

That would be an interesting case, clawbacks are common in bankruptcy but never heard of one going back 2+ years.
Days / weeks / months are common. Sometimes even going back a full year, but over that I doubt it would happen.

Too many people would not want to go down that rabbit hole. Funds have been spent, books have been closed and so on.
Even with the Madoff case, they did go back but it was after a lot more then a few million. The time and effort and tacking of funds is too great.

-Dave
1748  Bitcoin / Bitcoin Wallet for Android / Re: MUUN - Looking for feedback from existing users on: January 08, 2023, 01:00:45 AM

lnbc1p3mntrfpp55j3gju5nd4evm7ttf5tvgmfj8umy04fn6lfuul8h5xk22ahe7g7sdqqcqzzgxqyz 5vqrzjqwnvuc0u4txn35cafc7w94gxvq5p3cu9dd95f7hlrh0fvs46wpvhdncxlztxny8ve5qqqqryq qqqthqqpyrzjqw8c7yfutqqy3kz8662fxutjvef7q2ujsxtt45csu0k688lkzu3ldncxlztxny8ve5q qqqryqqqqthqqpysp5up0evr50c2j0c4evqrcuk9q0juhn2wurfk55p52cdwcksqpl5hyq9qypqsqgg 9vyuwcn60hurlhhgt9zd6hdu2gxt470mwjvqyr3mp2prtjh7hxqf84zqnf2g608rmm3dq3gjfqha67a pjnry3a9dt56qwfud3yj4cqpu97rm

(I kind of feel a bit embarrassed that I don't know this already)

That is not a 'lightning address' this is a lightning address: luridbank39@walletofsatoshi.com anything you send there will wind up in my walletofsatoshi address

What you posted is ln invoice I think, I'm on mobile and can't decode it. I sent it some sats and could not send again. I don't think it's on my side so either you can't recieve more at this time or it's a one and done.

Also, keep in mind if you are doing a raffle most people know how to post their TXID getting the paid info for an LN payment can be a bit more work.

-Dave
1749  Bitcoin / Bitcoin Discussion / Re: Using a Crypto Payment Gateway vs Setting Up a Wallet Manually for Business on: January 07, 2023, 10:56:39 PM
As with many things there is no one size fits all answer.

Doing it yourself means you can set the exchange rate. You can hope to play the numbers and convert to fiat to pay the bills when BTC goes up. You can hold the BTC for as long as you like. And so on. The other side of that is you have to do everything yourself.

The opposite side of that is a payment gateway that gives you a hook / API call from your existing system into theirs and they do everything, take their fee, and put it into your bank account. Much like a CC processor.

And between those two are dozens possibly hundreds of other options.
Some will just run the back end and send you the crypto.
Or you can run the acceptance of the crypto and auto send it to an exchange to turn it into fiat that is sent to your bank.

And so on.....

What anyone does and how and why they do it that way is going to depend on the business and people involved. As I started with, there is no one correct answer.

-Dave
1750  Bitcoin / Bitcoin Wallet for Android / Re: MUUN - Looking for feedback from existing users on: January 07, 2023, 02:01:18 PM
I don't think MUUN supports lnurl-pay so you would have to create a different address for every ticket.

Also you might want to use a wallet that supports Lightning Adress: https://github.com/andrerfneves/lightning-address/blob/master/README.md
So you can just post you@youraddress.com to get the funds.

I don't know if you want to go down the path of hosting your own node and doing it yourself but there are more options if you do it that way.
BUT, there is time and effort and expense involved.

-Dave
1751  Bitcoin / Hardware wallets / Re: Keystone....Well I didn't want to post it but here it is. on: January 07, 2023, 01:29:12 PM
Dude, your ,,much worse experience" than mine doesn't mean that we as customers, citizens, people - should be accepting this behavior from the companies, let alone normalize it as you're trying to do! The path to a progress in society as a whole is to improve inefficiency and neglectcy and not encourage it/be okay with it. If you don't expect high standards from these companies, why should they even try to improve after reading your comment? I am at my right to change my mind and return a product and this could be due to various of reasons and neither of them being that I could be a baby. With such conclusions you don't seem like a person that holds much self-respect in himself. Don't mean to offend you as you did to me, but to make you think on which side of the fence are you. Or maybe you do work for a hardware wallet company (in secret...) ?

This will always be an issue with things like this. At the moment I have close to $200 of RAM missing since the company receiving it says they never got it and USPS has it delivered. So, I have been going in a loop. Did USPS scan it at the wrong address? Did it fall off the loading dock? Did the box get kicked behind some other box and until someone moves the other box it's never going to be found. USPS is washing their hands of it since they say it's delivered. And the company getting it is saying that until they scan it in it does not exist in their facility. I have been dealing with them for over a decade with no issues. So I trust them not to run with my stuff.

So yeah, it's an issue, but when dealing with multiple points. Warehouse, drives, different companies it's what happens from time to time.
If you can't deal with stuff like this happening every now and then you are going to have to stop ordering stuff online.

Even now, I am online chatting with Amazon support about an order they messed up twice. It has taken so long to deal with this issue that I could have gone out and gotten a part time job and earned more then I paid for it and bought a new one locally......

-Dave
1752  Economy / Scam Accusations / Re: Logan Paul and CoffeZilla thread discussion on: January 07, 2023, 01:13:07 PM
If you have to promote it on youtube through an 'influencer' it's a scam. If you are creating it and promoting it without putting it all out there for people to look over / check the code / verify everything it's a scam.

People like that are why the government is screaming for regulations. Idiots follow them, give them all their money and then go crying to the government when they loose it all.

Kind of like the people watching the invest in gold infomercials who are loosing money every year vs other investments.

-Dave
1753  Bitcoin / Wallet software / Re: Are there any smartphones out there that are hard wallets too? on: January 07, 2023, 12:52:26 PM
No, and you would not want one anyway.
A hardware wallet should be 100% offline.
No potential for it to send data someplace or for some other way to connect without the user physically doing it.

No potential for someone to install apps that may compromise security no possibility to run something that should not be run and so on.

-Dave

1754  Bitcoin / Bitcoin Discussion / Re: An Example of Not your Keys Not your coins on: January 06, 2023, 03:59:53 PM
The biggest thing I think people are missing here is the fact that Celsius from the beginning looked like the kind of people that would take your money and run. Insanely high promises of returns, draconian T&C in terms of who's money it was and who had control of it, and so on.

This is not even a Not your Keys Not your coins issue, but a IT'S JUST FLAT OUT NOT YOUR MONEY issue.

IMO we are going to start to see this more and more now that Celsius more or less got away with it. Yes, they imploded but beyond that for years they were taking other people money and making it their own.
How long until every other shady exchange / platform in general starts using similar T&C if they have not already.

-Dave
1755  Bitcoin / Legal / Re: NYDFS has released a guide on cryptocurrency for banks on: January 06, 2023, 11:58:49 AM
Coming from a NY resident, the NYDFS is both hated and loved here.

To a certain extent they do as stated above have a bit of over the top regulation that does slow things down and make things difficult at times here.
OTOH, they are the 800lb gorilla with a bat. You will obey and if not suffer the beatings (lawsuits and fines) if you want to deal in NY.

There are banks here that have more money flowing though them for New Yorkers then some states have GDP.
So, if you want to play in this league to so speak you have to follow the rules.

-Dave
1756  Bitcoin / Bitcoin Technical Support / Re: My node is not reachable from Bitnodes, other wallets: maxed out incoming peers? on: January 06, 2023, 11:43:51 AM
1) Can you from home or wherever else connect to it?

2) As far as I know, and I could be wrong on this Bitnodes is just an on and off connection it connects asks for info and leaves so it should not be eating into your peer count.
2a) Did you check your banlist for the Bitnodes IP addresses 88.99.167.175, 88.99.167.186, 2a01:4f8:10a:37ee::2

3) Did you test if you can connect to bitnodes using the addnode?
3a) If no, can you do a traceroute to the bitnodes IPs to see if they are reachable in general through to internet form your server.


With Sparrow remember you have to tell your node what IP sparrow is coming in from. Even if it's on your local machine you STILL have to allow 127.0.0.1
See the docs: https://sparrowwallet.com/docs/connect-node.html

-Dave
1757  Bitcoin / Bitcoin Discussion / Re: One of the Largest Bitcoin miners are shutting down Celcius Mining Machines on: January 06, 2023, 11:11:09 AM
Celcius stopped paying core scientific so core scientific is shutting down their miners. No different then any other hosting company shutting down equipment that they are not getting paid to host. It's not a lot in the grand scheme of things in terms of BTC mining. If the $2 million cost per month is accurate then it's good for them since they were obviously never going to get paid.

I'm surprised it took them this long, although they might have had to follow their contract about keeping them on until payments were a certain number of days late.

-Dave
1758  Other / Off-topic / Re: My story and where it is now..... on: January 05, 2023, 12:01:06 PM
I didn't read this topic till now figured it was something about being a campaign manager and things around that.

Sending good thoughts your way. Heart issues suck, they run in my family too.
Keep a positive attitude, it really does matter.

-Dave
1759  Bitcoin / Development & Technical Discussion / Re: Old clients are unable to open new wallets. on: January 05, 2023, 11:50:18 AM
You could probably tweak the code a bit and compile it that it will open it, but you can't be sure that something else isn't going to cause an issue.

More recent Bitcoin Core switched from Berkeley DB 4.8 to SQLite as wallet.dat database, so simple tweak won't do the job.

Forgot about that, so a fine a major rewrite will do that job :-)

Goes back to the point that I make about a lot of things here, just because you can does not mean you should. Add to that just because it's possible does not mean you can.

And in the end it's probably pointless.

It may worth mentioning that cyberterrorist is now shown as banned by the BPIP extension.
Plus, this already got more and better answers than deserved.

You replied while I was posting, but this topic at least a very very very little bit did being up a valid point about version compatibility.

-Dave
1760  Bitcoin / Development & Technical Discussion / Re: Old clients are unable to open new wallets. on: January 04, 2023, 08:32:36 PM
The issue is that I want to use a wallet created with segwit/taproot compatible versions of bitcoind in the old version of clients.
All wallets created with new software are incompatible with older versions.


You cannot use a wallet created with the latest bitcoind in an older version of bitcoind!
Impossible!

Go get a copy of Microsoft Office 2021 create a word document then install a copy of office 2003 and try to open that doc. It wont.
Its the way software has worked since forever, older versions of applications cannot always open files created with never versions.

You could probably tweak the code a bit and compile it that it will open it, but you can't be sure that something else isn't going to cause an issue.

-Dave

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