This is a scam using bitcoin as bait. Its not even original, I'm pretty sure i have read of this exact scam here on Bitcointalk. The reason scammers exist, and have existed in all times is to exploit people's ignorance. Hey i will sell you this bridge; the bridge is the bait.

They were simply scammed out of their ignorance. Bitcoin has no limits whatsoever its a blatant lie like that bridge fellow claiming ownership... Weren't you supposed to actually check who owned the bridge? Why act the same with Bitcoin?

• Bitcoin transfers tend to take a day at most using the cheapest transfer fee (1 sat/B)
• There are no limits.

Why can't people ASK others before pouring hundreds or thousands of dollars to strangers? No wonder scammers exist, you should refer to the SCAM industry, which is UNRELATED to Bitcoin.

Yes its nice of them to put to use that heat, but that ROI can suddenly go from 3 to 6 or 7 years after May. BUT, after 4 years (with 3 remaining) halving hits again and now the ROI adds 7 or 8 more years... Kinda like cloud mining.

You have to be very careful when setting up a large farm, EVEN if you own the power generator, it is critical that its operation is cheap enough. Or perhaps you have a diversified source of income (like selling electricity to others, not just mining).

When you say ROI is 3 years it sounds (dangerously) like the average American miner. In my country you could achieve ROI in 3 months. I think those large miners will move to where the electricity/fuel is cheaper. New York State doesn't appear to be that cheap.

Yes that is exactly as planned. Bitcoin mining is nearing an end, most bitcoins have already been minted and the reminder will take longer and longer to come, with the reward being so small that those large whale miners will simply go away.

Don't worry about those pools, something tells me those whale miners are mostly Chinese and when when the kw/h at 1¢ becomes unbearable they will close shop. Of course asic production (and improvement) will also dwindle. So a fun side effect of those large whale miners closing, is that since they use the Chinese pools, these very pool will lose hashrate significantly restoring a situation that was more common in the beginning, when only enthusiasts mined. Because after a while, it won't be profitable to mine at any price anymore. So naturally, the few remaining are the enthusiasts that don't care to "lose money" doing so.

The situation is solving itself by pure market forces thanks to the clever Bitcoin design, no need to worry.

You currently have 18/21 million bitcoins in the market, with just 3 million remaining for the next 120 years. Of course most people will just buy them, when mining makes no sense anymore, which should be soon one or two halvings if the price doesn't somehow spike beyond its historical logarithmic curve (which i highly doubt).

I don't think so, not all governments are this idiot, so among countries the division is already there, with those favoring it weighting more the few that outright banned it.

From another perspective, banning Bitcoin means refusing wealth from entering your country. If you have 3 countries, two that ban Bitcoin but one doesn't, logically you will see more investing in the one that allows Bitcoin. This divide already exists, and i'd say only a minority (about 15 countries) banned Bitcoin.

Also the generational divide, as younger people more familiar AND in favor of Bitcoin reach positions of power, and the old dinosaurs die of age, the balance of those against vs those in favor will simply favor Bitcoin. In the long term, Bitcoin has advantage, and by then they can showcase Bitcoin's history to ease acceptance.

There is also the population learning about Bitcoin and what it means to the world.

Think of Church and State, so far for the most of the history of human kind religion and state were one and the same. Don't you think there was fierce opposition to the idea that both should be separate? Same thing here, money and state.

If the governments suddenly lose the power to change the rules of the money in everyone's pockets, they are forced to act more transparently. To make a budget fit, make everyone poorer, is a choice that should disappear, as religion can no longer decide who is the head of the State.

There is no turning back, also in world acceptance. Many countries are accepting Bitcoin with various levels of meddling "regulation, kyc, etc". Expected in a transition when there still many from the old school. Some of you see no point, why, you haven't lived what it means when your government decrees that you are now poorer, because they pour more fiat coins into the economy. They must lose this power altogether, and no, just because you live in a "nice country", that "has never done that", doesn't mean they can't; as long as that power is there it can be abused.

Bitcoin is the only way such thing could never happen again. People will learn and understand about this, and give Bitcoin its appropriate value based on usefulness. Bitcoin is more useful than fiat because of this and more.

Eventually the discussion will be: Why not just use Bitcoin as the official currency? Not the other way around... Endgame is more like, consider the dissolution of the USD, and EUR, etc. Of course gov backed centralized altcoins have no future. The WHOLE point is pulling the gov OUT from changing the rules on a whim to the currency. And this means the rules of the coin alone, how many coins there are, etc. Which for Bitcoin its a program following instructions in a worldwide audited open source code executed by nodes also spread worldwide run by anyone that wants to (unrestricted).

Bitcoin is the only true stable coin, its rules are stable, the others, not so much. This gives it tremendous value, no more should you put your trust in your or a foreign government or bank / institution.

Reminder: Make your donations using 1 sat/B. They don't care if your donation reaches them today or tomorrow...

In fact i sustain that every bitcoin transaction should be done at 1 sat/B unless there is some sort of emergency. Say no to wallet traffic guessing nonsense, bitcoin transactions are cheap when you are in control.

So next time you wanted to gift $10 to someone, don't let the (idiot) wallet burn $5 to send, when a manual 1 sat/B fee could easily lower that to about 3¢.

My opinion is get the cheapest PC you can afford with an NVIDIA graphics card. The better the GPU, the more recent games you can play. The rest of the parts are mostly luxury components that won't make a game work or not, just load faster or look prettier etc.

The CPU is nearly irrelevant at this point. Anything "new" you can buy works, the games are far more GPU intensive anyway. More ram can make things run faster, but as long as you meet the game's min requirements, it should work anyway. And of course the bigger the hard drive, the more games you can install.

Intensive FPS games might need high framerates, but you can also have higher framerates with lower resolution. Online games are mostly latency related, and thats beyond your pc, its your ISP that matters there.

I'm not a fan of mobile games, there are often dumbed down. A mobile phone is simply not a good gaming platform, i guess the next best is a portable "console" such as the Switch* etc.

* The Switch is actually an arm device pretty much like your smartphone, but i has a proper controller and custom game oriented OS.

If you are a scammer you will get banned. If you are simply promoting some altcoin, you do it in the altcoin section of the forum.

That's no tribalism, this forum was made for Bitcoin. Did you even know who made Bitcoin? Same person made this forum.

Did you even notice the name of the forum?

Fail to abide by the rules and you will get what you deserve.

It's not "just a flu", it spreads twice as much (its smaller, so it can pass thru those masks).

Pneumonia is not a joke, and this thing can trigger it.

OP message conveniently skips the rest of the world. Yes China had 22 deaths at some point, but those that kept saying it didn't matter, didn't take precaution.

You fail to understand that for each reported cases, there are several many unreported. Once you get 1 case, you can rest assured many more will come, since that single case could have spread the virus to several people long before being diagnosed. Same thing happens with deaths.

If this virus was more lethal, i can see North Korea as the only survivor. I can see their wisdom now... And you though isolating a country was bad.

The rest didn't stop travel so the virus took on the world with ease. No wonder there are so many zombie apocalypse shows, humanity is very weak.

This is not something to be ignored "just like any other flu", that thinking made the thing spread like wildfire with only one country serious enough to actually HALT travel (was easy, since most of the world had them "isolated" in the first place). Isolation is exactly one of the tools to fight outbreaks, in case you didn't notice. But it doesn't work when people downplay it.

Then you end doing idiotic things like that idiot in Australia diagnosed with COVID-19 who decided to go clubbing and to go work because "its just another flu" mindset. You'd have to wait two weeks for the results of that...

Cables meant for servers (rack) or large photocopiers usually do the trick, sometimes the ones for (large) laser printers are also thick enough.

Indeed, the higher the voltage the less amps you need to run across those wires given the same consumption. This is why 240v is better than 120v...

Note that China uses 230v, so, they might get away over there with a (fake thick) cable that would melt using 120v... I guess cutting the thing is the only way to find out the truth. HK should be on 230v too... (Originally 220v, not sure if updated to euro levels).

I think importing from Germany is a bit overkill

Actually they can. Its simply they are authorized to handle even more dangerous things, that have no cure...

If they followed protocol for a proper Biosafety Level 4 lab, it seems not possible for a virus to casually "escape".

Perhaps the theory of patient zero has some merit, an accident within the lab that warranted that patient being treated in the hospital (Dec 1, 2019).

If you read the linked Wikipedia article, you'll notice that SARS-CoV-2 is being handled in Level 3 facilities (same as SARS, and MERS before).

So using that patient defenses with others... Sounds like a human made vaccine. I wonder who else is using this technique?

The risk now lies in many other countries, often poor with bad or non-existent healthcare. You can have super-spreader countries sending the thing back to you again and again despite your best efforts to contain it. China is very oppressive, in a way they have easier ways of "fixing" things, others? not so much...

Well if they start getting quarantined as in China that is the wise thing to do (in theory people should always have plenty of non-perishable supplies just in case for any other catastrophe).

The Zombie shows often depict a virus going lose so that part is right...

At least you guys are now starting too feel how it is under a socialist economy, just imagine that scarcity didn't last a few days or weeks, but years instead...

Most of them will find their way into my country, put them for sale don't throw them. Yes as time passes the price will lower, an S9 is like $100 now in bulk. Some people sell the hashboards, controllers, psus, cases and fans separate, that is also a viable choice.

I suppose there are other places on Earth where the electricity costs nearly zero, those people would buy it from you, or use a reseller (advertiser?) like kaboomracks etc.

FYI many people here still use incandescent bulbs and CRTs. Talk about retro + "free" (wasted) electricity when it doesn't blackout, like its been doing lately due to gov negligence (lack of maintenance, its a State owned company) + US sanctions (if you dare sell parts to that company, you get into Trump's hate list).

Well, at least it comes from a hydroelectric dam (built in the 60ies), so its "clean" renewable energy.

Si te refieres al oftalmólogo del hospital de Wuhan que intentó hacer la denuncia temprana, este fue amenazado a principios de enero por las autoridades locales. No fue apresado pero bajó el tono en las redes sociales. A finales de enero contrajo el virus y murió luego en febrero.

Las autoridades locales de Wuhan fueron luego criticadas incluso por las autoridades centrales, pero está claro que es política habitual en China silenciar primero, preguntar después... Incluso se ha hablado de negligencia, pues a pesar de que las denuncias se hicieron los primeros días de enero, las autoridades de Wuhan decidieron ir adelante con las festividades locales donde las aglomeraciones facilitaron el contagio.

Se dice que el paciente cero fue identificado el primero de diciembre de 2019, pero el contagio masivo desde el mercado de Wuhan fue ya a finales de año que es cuando el médico viendo a los pacientes ingresados intentó alertarlo públicamente para que se tomaran medidas sanitarias, pero en lugar de ello ocurrió lo que ocurrió y el mismo pagó la pena máxima muriendo por la enfermedad con solo 31 años.

Ahora el virus se ha esparcido y sigue esparciendo a nivel mundial. Inicialmente las autoridades (centrales, no locales) de China hicieron un esfuerzo bastante grande para contener el virus, luego de que el brote de Wuhan finalmente fue aceptado, con relativo éxito conteniendo la mayoría de los casos dentro de su territorio. Pero de los pocos infectados que salieron del país, a los lugares donde llegaron no se puede necesariamente decir lo mismo.

Particular atención, países como Corea del Sur, Irán, Italia no alcanzaron a contenerlo lo suficiente. Si bien muchos países negaron vuelos de China, no negaron vuelos de otras partes y el virus encontró su camino. Me recuerda a la topología del internet, mas o menos eso es lo que hace...

Ahora el control sanitario de los países pobres es muy débil y podría salirse de control a nivel mundial por ello. 3 meses es una eternidad para este virus, y eso si esa vacuna no tiene algún efecto secundario nocivo...

El asunto es que no nos vamos a enterar. Los primeros en tener computadoras cuánticas van a ser seguramente agencias gubernamentales, especialmente las infames agencias de inteligencia. En la etapa inicial, como esas computadoras cuánticas aún son primitivas; compañías como Google e IBM las anuncian con bombos y platillos (seguramente buscando contratos gubernamentales) pero cuando la cosa avance y se ponga seria, habrá un período de "silencio sepulcral", durante el cual, seguramente tendrán la capacidad de descifrar mensajes cifrados con algoritmos clásicos.

Entre ese lapso de tiempo, de las primeras computadoras institucionales, al momento de una masificación en donde todos tengamos uno a la mano (co-procesador cuántico o algo así) hay una cantidad de años potencialmente vulnerables para la privacidad de las personas.

Hay un paralelo histórico con la computación clásica, al principio era tema solo de instituciones y agencias gubernamentales, y eran bastante primitivas y enormes, requiriendo edificios enteros. Mas o menos en esa etapa se encuentran hoy, pero están avanzando.

Para el caso de Bitcoin, es relativamente resistente, y hay una propuesta (firmas Schnorr?) que lo hace aun mas resistente. En general quien no re-use sus direcciones, se encuentra relativamente a salvo.

El día que se masifiquen, inevitablemente se usarán los algoritmos cuánticos de cifrado, poniendo fin al asunto. Pónganle medio siglo mas...

A mi no me gusta mucho el 2fa, no reemplaza una buena clave y un sistema operativo seguro. Hay gente que se fía demasiado del 2fa y usa claves tontas o repetidas y sobretodo sistemas operativos inseguros. El 2fa no es invulnerable, basta con tener un malware haciendo de las suyas y ciertos sistemas operativos inseguros facilitan mucho el asunto.

Vamos que si es por mi, no se debería permitir gente con Windows en internet. Es una tremenda locura, aunque Android, y OSX/iOS no se quedan muy lejos.

El hilo aquel del mensaje firmado me parece una herramienta de recuperación bastante interesante. Hacerlo es muy fácil con Electrum al menos.

2fa tiene básicamente 2 vulnerabilidades: Al momento de crear el 2fa, aparece un código de 16 caracteres y usualmente un qrcode. Esto es equivalente a la llave privada, si se tiene un malware capturando la pantalla, pueden decir adiós.

La otra es atacar al propio gestor de 2fa, como el mencionado ataque a Google Authenticator, bien sea porque no protege bien esas llaves o porque hay un malware interceptando/capturando la pantalla.

En fin que para mi lo mas importante es una clave decente, preferiblemente larga y complicada. Apóyense en un gestor de claves (que sea software libre) porque a la hora de la verdad es imposible recordar cientos de claves especialmente cuando son generadas aleatoreamente. Pero para eso es vital un sistema operativo seguro porque les pueden capturar la clave del gestor al momento de abrirlo o la pantalla al momento de usarlo (de nuevo, sistemas operativos inseguros).

Petro is handled the same way they handle the bolivar, you know, its currently the fiat with the world's worst inflation...

As typical of the old real socialism mindset, the usage of Petro is being "commanded". Executive decree for things to be calculated in petro, decree for public administration to accept petro (tho most still won't). Due to the lack of the aforementioned features, absolute centralization, people don't want it. The only way you can handle petros, is by using the gov assigned online wallet. They made an app, but that connects to the same place.

The current iteration of petro (after forsaking the Nem one) is a modified copy of Dash without any release of software so that the gov runs the only nodes and can change the rules on a whim (like they do to the fiat). This is of course, not exactly reliable...

With this precedent i don't trust any government issued cryptocoin. The whole point of Bitcoin is to get the Gov/State OUT from manipulating the rules for your money, to remove them the POWER to make EVERYONE POOR overnight (like they did to us in Venezuela).

Of course there is a parallel (much lower price) market, whenever you establish an "official" price, the pesky independent market (all those "brainwashed" buyers and sellers) will have theirs. The problem is not the market, the problem is trying to fixate (peg) the price by decree. This was how the bolivar was killed in the first place, they made the exact same mistake. Of course they don't care; they are above criticism, the rule of law, and all those pesky "imperialist" customs of freedom of choice.

They don't, the code does. This code, or set of rules everyone involved with Bitcoin agreed upon before getting in.

You see, the code wants blocks found every 10 minutes. The creator decided to adjust that every 2016 blocks or two weeks, and that's what the code executes.

How do you call the miners, node operators, the core developers, and the community (here)? I don't really know, followers of the code? There is an industry surrounding Bitcoin, but that's not exactly it. There is no formal organization either, no one gets to decide anything, its already done.

Yes there is a bit of deciding, by (almost) everyone involved when a change is introduced in the code, because if people don't agree, they won't use it. The current Bitcoin iteration has had some modifications since its inception, accepted by the majority. Its part of the rules (code).

Well i have always said that if you happen to own a power plant, with excess power and cheap enough operating costs setting up a mine makes very good sense.

This is of course to make use of the excess you are not selling anyway. Usually a private entity wouldn't be that inefficient, but it gives them that option.

But, that doesn't make them any different to other miners. That 50k figure was done at what, 9k price? It'll go half that in May unless price goes up.

I wonder if this is a net figure, i wouldn't be surprised they spent 4₿ to produce 5₿. Lately most of the money made by miners is given back to the electric corp, those utility bills may you look like a whale when in fact you are only getting a few remaining leftovers. Think of it carefully, you are working for their benefit than for yours.

Little incentive for power generators to also do the mining themselves with so many (cheap) laborers doing willingly for you. But of course its more efficient that way so i can see the incentive.

And if that power plant happens to use a renewable source, such as a dam somewhere, it suddenly becomes very enticing. No need to spend money sending the energy elsewhere when it can be done right there. Well there is the little upkeep of the mining operation, but that's surely cheaper.