What would happen if all Bitcoin is mined and all Bitcoin is lost?
Okay look at this 50 ______________2009 to 2012 25 2012-2016 12.5 2016-2020 6.25 2020-2024 right now in 2023 fees are running 1-4 coins a block 3.125 2024-2028 1.5625 2028-2032 0.78125 2032-2036 0.390625 2036-2040 0.1953125 2040-2044 0.09765625 2044-2048 The right question is will we get fees straightened out in the next 4 ½ ings. not what happens in 2140 |
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Would this qualify as FOMO (Fear Of Missing Out)?
Sure why not? https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 822869 (a minute ago) Current Pace: 107.1064% (342 / 319.31 expected, 22.69 ahead) Previous Difficulty: 67305906902031.39 Current Difficulty: 72006146478567.1 Next Difficulty: between 73540467974029 and 77192903969491 Next Difficulty Change: between +2.1308% and +7.2032% Previous Retarget: last Saturday at 1:01 AM (+6.9834%) Next Retarget (earliest): January 5, 2024 at 2:43 AM (in 10d 20h 29m 18s) Next Retarget (latest): January 5, 2024 at 6:06 PM (in 11d 11h 51m 34s) Projected Epoch Length: between 13d 1h 42m 24s and 13d 17h 4m 39s Latest Block: 823179 (5 minutes ago) Current Pace: 102.5534% (652 / 635.77 expected, 16.23 ahead) Previous Difficulty: 67305906902031.39 Current Difficulty: 72006146478567.1 Next Difficulty: between 73009331752375 and 73878277747559 Next Difficulty Change: between +1.3932% and +2.6000% Previous Retarget: last Saturday at 1:01 AM (+6.9834%) Next Retarget (earliest): January 5, 2024 at 4:39 PM (in 9d 5h 40m 23s) Next Retarget (latest): January 5, 2024 at 8:29 PM (in 9d 9h 30m 9s) Projected Epoch Length: between 13d 15h 38m 2s and 13d 19h 27m 49s so over the last 310 blocks made we should have done 316 only a 2% variance so hard to say we are see a down clock from big players. last ten blocks: 1.76 1.75 0.00 ant pool is going to get sued over this. 1.55 2.22 1.94 1.98 2.66 2.17 2.63 viabtc is paying 120%. so if you mine there it is like 1 btc is 1.2 x 43000 = 51,600 not 43,000 |
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The value of Bitcoin has gradually reached great heights. It has become impossible for a new small investor like me to invest in Bitcoin. I am a very small investor. $2k wealth is mine. Well does Bitcoin provide any opportunity in future that I can invest.
realistically 2k is not going to ever be 1,000,000 Yes if you grabbed 100 btc at 20 usd each and held them til April of 2021 $ 2000 did become $6,900,000 and it will likely never do that again. In fact we very likely will never see a $20 investment item turn into $69,000 ever again in out lives. I know of no item that was even lower than $20 actually lower than $1 that did what BTC did. I do not count lottery tickets. But that does not mean you can't turn the $2,000 into $40,000 or more. Heck I had a $2,000 IRA for 30 years it become $28,000 when I cashed it out. |
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Merry Christmas 🎄
Merry Christmas 🎄 Happy Chanukah 🕎 Happy Kwanza Oh Happy New 🆕 Years! covering just some holidays for the month. Btw we still have time for 48.1k by Christmas Day. |
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Now this one is weird, I know it's just one day and a half but: Current Pace: 109.5857% (245 / 223.57 expected, 21.43 ahead)
Previous Retarget: Yesterday at 8:01 AM (+6.9834%) 21 blocks ahead is just too much for just luck after a 6.9%, something big turned on in the middle of the last period and this is probably the effect of the adjustment not really matching the growth and a ton of luck on top of it, blockchair says 164 blocks in the last 24h, a full 20 blocks variance is, ....too much to just call it variance. That again, who is pushing gear online during the holiday?  Rethorical question: Hive got 7,000 Bitmain S21 Antminer
Cipher Mining revealed its acquisition of 7.1 exahash per second (EH/s) from Bitmain
Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s
Bitcoin Miner DMG Acquires 4,550 T21 Antminers for $12.1 Million These are all at most one week old PR. Which reminds me of U.S money is just crazy, it is hard to understand.
Yup, and this is just one tiny fraction on what those guys can throw at something, the amount of wealth waiting on the sideline to bet on every possible opportunity is just mind blowing. If it weren't for the halving I would say zettahash incoming! no one simple down clock or upclock the gear is all online. an s19xp can go from 100th to 140th. and whatsminer can up or down clock very quickly. picture this with 200 whatsminers they can go up and or down 20% with 3 or 4 clicks of a key board.  |
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Hi, long story short, it just happend...and i knew i was so stupid, nobody must tell me that  I would be very thankfull if someone could help me what to do now, it all just happend. in short: - meet a contact on the internet (financial manager) - chatted on whatsapp for some days - i was shown a site with cryto derivate trading : crypto currency exchangex .com (remove spaces for valid adress!) - deposit adress is trc20 : TBsLxV5Lu68kaKmC ddontd39XnS8dwEeFQ (remove spaces for valid deposit adress!) - other website dresses on that site: domain: cryptocurrencyexz.com, email: support@cryptocurrencyexz.com- i deposited 1k, did trades and could withdraw all - i deposited 10k and traded, i received a "bonus" - i had to deposit more to unlock and be able to withdraw - after that i a "supertrade", the amount was to high and i became a "vip" member but need to deposit more - i stupid idiot did it, because of the contact in whatsapp talk me in - now i should deposit another amount to unlock the "money laundering" laws because me transaction was "intercepted" from an authority - i did nothing more, so many red flags overall amount deposited there is around 40k in USDT. I know im an idiot! so my question is what can i do to at least have a small chance to get something back. what i have done in the last 2 hours is: - saved all screenshots, chats, transactions and so on - contacted a lawyer - made a report to the police - i informed tether about it and reported the website i know here are a lot good guys and girls with good answers and much knowledge. Can i do anything additionaly or has anyone any tip for me? This story has ruined me, i know its my fault, but changes nothing on my status now. i could cry all night. i just want to ask kindly if anyone has any tips for me. Thank you so much! So why did you not come here first and ask around. To me if this is a true story oh well. But I am not so sure it is real. you were smart enough to find us after you got robbed? not beforehand. How did you find us to complain about it? |
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trying to self custody bitcoin even at $100 allotments is not feasible due to the bitcoin fee..
however some people are taking the risk of just using a centralised exchange as a bank account to keep balance of sats value and not withdraw to self custody.
or do 100 a week for ten weeks on an exchange then place the 1000 in your own wallet. |
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nicehash
kraken
both give access to LN
do a kyc at kraken. add cash buy btc. use LN
cost next to nothing.
but kyc and you can lose the coin or have the coin frozen.
do I like this no.
but I already have a kyc for nicehash
and I have a kyc for kraken.
i have electrum and it offers LN
I will play with it and do more on my LN thread. on how to use it.
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Yeah we did the cards and did the tree 🌲 We will be having a few for Christmas diner.
So to all of you on the forum
Merry Christmas.🎁
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Happy new year, but to be historically accurate, Jesus was never born on 25th of December, there is an ancient religion of sun worshippers, they used to celebrate the winter solstice as a sign of their sun god rebirth, unfortunately they have managed to slide their beliefs into the beliefs of christianity. Just saying FYI.
Well a merry fucking christmas to you😀 |
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santa drove by me
my wife and i watched him
he went next store and
left a candy cane
to our neighbor susan but
he did not stop by
why oh why santa
did you pass my wife and I
is it something bad?
So sad that santa
left us on our porch today
well tomorrow may
be a better day.
maybe santa has planned
a large green candle
🕯️
wo and myself
are asking for 50k
on christmas day yeah!
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Good afternoon guys- weird problem any ideas?
I have been running 3 old T15s on the pool for over a year and a few months ago I upgraded and got a used S19j Pro 96T and been running that instead for better power efficiency. Just for fun I popped over to a SHA256d MAZA Solo pool yesterday so I get the thrill of seeing a few blocks of something get found by my miners. The Difficulty was only 9M and the time to find for my ~100 TH was supposed to be less than 2 minutes but I let it go for 3 hours with nothing to show and other miners with only 20 ish TH were catching all the blocks-it was showing correct hash rate and millions of shares accepted... I switched to my old test-unit T15 with only one hash board (7TH) and BAM I hit a block ... then after 20 minutes another, and another. I put the S19 back on and nothing again for hours... never hitting anything.
>>Now I am worried that this S19 miner can't or doesn't report found blocks...The T15 has CGMINER version 4.1.11.1 rwlhr, But i can't see the version in the S19. I upgraded to the newest stock firmware but no help.
I know this issue didn't happen directly on this pool BUT I don't want to run a miner on this pool that can't report a found block.. Is there a test pool using CKpool software I can try to test my unit? Do I need to setup a CKpool instance for testing?
I want to verify that the miner does report blocks found-
>CK does the CGMINER software running in unit report found blocks above the target or does it report everything and let the pool figure it out and report it?
Thanks
This is an interesting question 7th making multiiple blocks and 100th making no blocks in more than twice the time is very unusual . An extreme long shot in fact. what it means to me is do not trust that s19 mine at a normal pool. muse you t15 miners on ck pool. |
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I see the end-of-year pump as something that comes earlier. Let's not forget the recent price jump that just happened, which pushed bitcoin to the place it settled right now, which is $43k and above.
We still have time until the end of the year; even if it's just a few hours until 2024, we can still experience some positive price increases. It's happened, so it's not something to worry about, but then again, we can also see a drop in the price as we can't tell what face the market might come with; it's never always certain of what we might expect.
With Bitcoin regulating within the $40k range, it's a good sign that if it breaks that $43 price, we might be seeing $50k in price. Even if it's not this year again, early January might be a good time to hit that price.
yeah I see at least 48.1 k in next 10 days. if we go over that we may pull back and take profits |
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It is not about the amount of money or when someone joins the crypto world, it's the cheer that they get in that makes me happy. There are so many people who cheer to be here, and that makes me super happy, we are talking about a lot of people who just ends up taking a plunge in the bitcoin world.
When someone buys bitcoin and that is something that creates a lot of stress for them, I do not find it anything good, I mean I am glad that they still joined even though they fear the risk, but I am not super cheery about that at all. But, when someone joins bitcoin world and get some, and they are super excited and happy about it? Now that really makes me super happy because they are finally in and they are happy about joining as well.
Honestly, I was afraid of the risk but when I came to my right senses, I then realized that there is nothing in life that is not about risk (mostly when one wants to make money but not quick money). That's why I have to zero my mind and risk $1400 worth of 1.7 million in my corrency, at first, I didn't want to buy such a huge amount but as I have zero my mind to risk it, there is no going back (I have risk what I can afford to lose) so there is no going back. One of the reason why I was afraid to invest was because I was, I don't know if I should say scammed or something, I deposited $2k on stepwork, and I was so frustrated because I invested with what I can not afford to lose.  This what keep showing anytime I try to access my account. who the fuck is step works? |
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Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless...
Bro. calling most of the Altcoins Crap coins is not fair. I understand there are a significant amount of shitcoins out there in the crypto market. but there are tons of Altcoins which are very good. Ethereum, Dogecoin, Altcoin, and many more. Being new to mining one very important thing to understand that all crypto coins are NOT the same and most have very different hardware requirements. In short, only 1 is Bitcoin BTC. ALL others are altcoins and most of those are aka crapcoins because they are near worthless... That said, this is the Bitcoin area and discussions are restricted to only Bitcoin. Period. All questions & discussion for the other coins belongs in the Altcoin areas. As for mining equipment distributors, only buy either direct from the manufacturers or only from their Authorized distributors that are listed on their site. Buying from anywhere else increases risk of being scammed and even more importantly, even if the gear is new it will NOT have a Factory supported warranty unless it bought from the mfgr or one of their Authorized Distributors. Apologies as I just noticed that now, but I do want to do Bitcoin and was thinking of the Bitmain Antminer S19j Pro. I've seen that Whatsminer are better because of features and being bulletproof. I'm just trying to figure to buy the latest and greatest ASIC for Bitcoin or just buy used equipment to get started. I don't recommend to buy used mining equipment. it is much better to buy brand new mining rigs because used rigs don't have any guarantee and you would not know how long would they last. Never say eth is a good coin it is p.o.s and that stands for piece of shit. mr v set back the entire gpu industry with his nonsense. I can't say how much I detest eth and the crap ball mr v owes me 2 eth coins. also this is a btc section not an alt coin section. |
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Price list update 18/12/2023
Whatsminer:
M50 118-120TH 12.5 U/TH
M50s 132-138TH 23.U/TH
M50s++ 21w 154-162 25.5 U/TH
M60 170-174TH 26U/TH
Antminer:
Stock
S19kpro 115T 16U/T
Future:
January Batch S21 200T $23.5/T
Mikey the s21 would be 4700 plus 200 to ship? |
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If I buy directly from the manufacture is there a 30% import tax to be paid from importing it from China to the USA?
the forum member mikeywith is a good seller for whatsminer https://bitcointalk.org/index.php?topic=5440613.0I got 2x m30s and 4x m50s from him they have ways to deal with import taxes some come from Malaysia he will offer you some support if gear breaks and I can help you with setup |
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Well majority of the comments here choose Electrum Desktop wallet well it's a very good wallet, however you have to be very careful when using it for transactions and protect your PC with a very strong Antivirus else it's very risky, let me share one of the experience of using Electrum wallet on my laptop unknowingly I was exposed and vulnerable to some phishing links it took my extra effort to be aware of the attack on laptop I discovered that whenever I wanted to send Bitcoin to another person after coping the receiver BTC Address while pasting on my Electrum wallet I discovered that it's another unknown BTC Address was pasted hadn't it been I was unaware or notice it I would have send the Bitcoin to an hacker so be careful when performing your BTC transactions.
no you don't just use a laptop for 1 purpose run electrum on it. use laptops are cheap enough. |
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https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 822519 (a few seconds ago) Current Pace: 106.7520% (2008 / 1881.00 expected, 127 ahead) Previous Difficulty: 67957790298897.88 Current Difficulty: 67305906902031.39 Next Difficulty: between 71949968207257 and 71950046384725 Next Difficulty Change: between +6.8999% and +6.9000% Previous Retarget: December 9, 2023 at 10:31 PM (-0.9592%) Next Retarget (earliest): Today at 1:16 AM (in 0d 1h 14m 56s) Next Retarget (latest): Today at 1:16 AM (in 0d 1h 14m 57s) Projected Epoch Length: between 13d 2h 44m 53s and 13d 2h 44m 54s so maybe 6.7 to 7% and with a holiday weekend a perfect way to slow mining down and clog the memory pool. Lets see what happens next few days. Maybe nothing much at all as tx could be real slow this weekend due to holiday. |
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Whatever happens, however grim we may foresee the future, I guess the best way is still to let the free market decide. For now, miners aren't fee-dependent. So it probably doesn't bother them a lot if the fees rise and fall. Although they must be happy with the current rates. I guess this will continue to be like this for the next 3 halvings, including the one in April next year. However the halving in 2032, in which the reward would only be as low as 0.78125, would probably be a vital point. Unless the price is appropriately high, many might decide to leave the industry. Regardless, is using "artificial means" to force fees higher fair and acceptable?
You suggested that everyone should still continue to look on even as damaging as things are now. Even the fees demand and supply you envisaged have already been hijacked the way I see it and this has nothing to do with halving but greed and selfish interests. As much as I love Bitcoin and what Satoshi planned and proposed, it's not perfect, we can see it evidently with the insane fee we witness these days. This year alone, Bitcoin users have paid insane fees many times, to the point that it has been discouraging people from dealing with the coin thereby finding alternatives. Should we continue to look on and let it continue this way? It might affect the coin in the future, we should stop thinking that because it's the number one it can ever remain like that if there is a lot that discourages businesses around it. I believe that something should be done about this, a thing that would discourage spamming and encourage/compel the miners to accept transactions that are of a certain size/age, something to make them accountable. Leaving everything to work anyhow is what led us to this mess and it's insane and annoying to see transactions this morning at about $25 just because I want to deal with Bitcoin. That is discouraging, a decisive solution is needed at this time. Yeah it is slowing but likely due to holiday weekend. It may pick up again on tuesday. |
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