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21  Economy / Economics / Re: [POLL] What is the most likely long term scenario for Bitcoin? on: February 17, 2022, 05:57:24 PM
The leader of the crypto market - agree, I believe it will have >90% dominance in the coming years, as the market will tire from altcoins and tokens being nothing more than pump and dump schemes and unrealistic promises


a niche currency - yes, people are mostly satisfied with fiat and fiat payment systems, very few see the benefits of using Bitcoin, especially considering the downsides

 
and an alternative investment asset (like now) - you compare it to gold, but Bitcoin's current marketcap is already a single-digit percentage of gold's marketcap, and after a bit of a price rise it will again be a double-digitl percentage. So it could already be called a major asset.

what's your source on gold's marketcap?
22  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 16, 2022, 11:58:59 PM
5ph and you didn't find any blocks!?

You seem to be underestimating the current difficulty value, 5ph is just close to nothing, it has a chance of 1 in 41,396 at every block, should difficulty remain flat (which it won't), it should take on average 287 days for 5PH to hit a block, so not hitting a block with 5ph that ran for 1 or 2 days is just pretty normal, you should be surprised if it DID hit a block.

Josek8 you can run the numbers for yourself here: http://solochance.com/
23  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 16, 2022, 01:42:13 PM
5PH so a solo pool. Shocked I wonder what's the most PH in this pool from a single user.

I think the group buy was doing 20PH

Wondering here too, at least what the maximum speed is that the pool can support in total, for example, if a 100PH connected to it would it be a problem?
It could probably handle all 200EH of the current bitcoin mining network if you could find it. Last big rental was 500PH.

Fantastic. On the 500PH rental, where would one rent that kind of horsepower?
nice hash has that.

did they score a block?
24  Economy / Economics / Re: Now who are the owner of Bitfinex hacked Bitcoins which are now recovered? on: February 14, 2022, 01:26:29 AM
From https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

"virtual currency is treated as property"

If Bitcoin is property then it is returned back to its owner.

If the owner was paid out by an insurance company, then the next rightful owner is the insurance company.
25  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 13, 2022, 11:22:14 PM
5PH so a solo pool. Shocked I wonder what's the most PH in this pool from a single user.

I think the group buy was doing 20PH

Wondering here too, at least what the maximum speed is that the pool can support in total, for example, if a 100PH connected to it would it be a problem?
It could probably handle all 200EH of the current bitcoin mining network if you could find it. Last big rental was 500PH.

Fantastic. On the 500PH rental, where would one rent that kind of horsepower?
26  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 13, 2022, 11:12:32 PM
5PH so a solo pool. Shocked I wonder what's the most PH in this pool from a single user.

I think the group buy was doing 20PH

Wondering here too, at least what the maximum speed is that the pool can support in total, for example, if a 100PH connected to it would it be a problem?
27  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 10, 2022, 08:34:27 PM
BTC More than just numbers  Wink

Not looking like my rental is going to hit this time round!

But consider how spectacular it would have been if it had hit. Hat tip to you for having the balls to go for it.
28  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 10, 2022, 05:50:02 PM
Thanks Willi.

So basically a group of 20 people put in roughly $450 at current btc usd price in hoping to hit a block. So how long does the hash rental last? One month?

1 day
29  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 09, 2022, 09:30:52 PM
I tried a rental of 10PH/s for 3h.

No luck Sad

At least you tried
30  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 265 blocks solved! on: February 09, 2022, 06:27:07 PM
Last chance for me trying been trying for years with no luck threw my last into this rental.

It's all or nothing from here on in lads!  Wink

Knowing my luck it will be the latter



Hell yeah, go for it man.
31  Bitcoin / Legal / Re: Is Bitcoin an independent property? on: February 08, 2022, 02:09:53 PM
If I had some bitcoins before I got married, and used bitcoins to buy houses, cars, etc.
When the price of Bitcoin went up, I sold Bitcoin. Is this my money my own? Or is it shared by husband and wife?
When I get divorced, do I split up my bitcoins?

The fact is this: if it was yours before you got married and you can prove it, then it is yours when you get divorced. That's it.
32  Bitcoin / Pools / Re: BLOCK [∞ YH] solo.ckpool.org 2% fee solo mining 264 blocks solved! on: February 01, 2022, 04:29:47 PM
Congratulations to bc1q2pr99p75skdzyqdg0hnpd7hf56tge6h9x4wyet with approximately 1.14PH!

Code:
[2022-02-01 08:27:35.681] Possible block solve diff 36770979250673.867188 !
[2022-02-01 08:27:35.728] BLOCK ACCEPTED!
[2022-02-01 08:27:35.730] Solved and confirmed block 721310 by bc1q2pr99p75skdzyqdg0hnpd7hf56tge6h9x4wyet
[2022-02-01 08:27:35.731] User bc1q2pr99p75skdzyqdg0hnpd7hf56tge6h9x4wyet:{"hashrate1m": "1.18P", "hashrate5m": "1.14P", "hashrate1hr": "1.12P", "hashrate1d": "1.15P", "hashrate7d": "1.12P"}
[2022-02-01 08:27:35.731] Worker bc1q2pr99p75skdzyqdg0hnpd7hf56tge6h9x4wyet:{"hashrate1m": "1.18P", "hashrate5m": "1.14P", "hashrate1hr": "1.12P", "hashrate1d": "1.15P", "hashrate7d": "1.12P"}
[2022-02-01 08:27:35.767] Block solved after 5496218477727 shares at 20.6% diff

https://btc.com/btc/block/721310

Congrats..
Love this pool is grabbing these blocks!

Beautiful. You're doing the lord's work -ck
33  Economy / Exchanges / Re: How Coinbase knows an account is from a sex worker? on: January 31, 2022, 10:06:57 PM
I've been reading how Coinbase shuts down sex worker's account. I was wondering how do they know account is from a sex worker? They probably don't use your real name in sex work so even if they pass KYC Coinbase can't know unless they do a research on them.
Payments are anonyoums. I don't understand

curious. source of your reading?
34  Alternate cryptocurrencies / Mining (Altcoins) / Re: Mining rig on: January 10, 2022, 01:53:05 PM
Keep your money for now, bear market is slowly getting stronger what I'm seeing now is bull trap many will believe that market will recover but they will end up trapped just like 2018, wait for some time GPUs will get cheaper soon I'm also waiting, looking forward to expand my mining farm

do you mine as a hobby or for profit? curious to understand your view on invest in mining versus buy BTC and hold, would you mind sharing your views?
35  Economy / Speculation / Re: 2021 Elliott Wave on: December 07, 2021, 03:15:51 PM
..

if so, the MINOR-2 wave MINUTE [iii] is going to be spectacular, I could probably do a x2 or more

from your mouth to god's ears.
36  Economy / Economics / Re: Inflation is always and everywhere a monetary phenomenon -- Milton Friedman on: November 17, 2021, 02:44:48 PM
trudat.

https://youtu.be/xvxV95WcoSw?t=1615

watch the whole video if you can.
37  Economy / Economics / Re: Possible market crash in the near future? on: November 12, 2021, 01:09:24 AM
There are (as of  now) 14029 cryptocurrencies listed in coinmarketcap.com.
A case has been made (repeatedly) for  the existence of a bubble in the cryptocurrency market.
Yeah, I understand cryptocurrencies are volatile, high risk investments. But, are you guys expecting a market crash anytime soon?

Of course.
38  Economy / Economics / Re: Really, why bitcoin has this value? on: October 24, 2021, 01:39:32 PM
At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.


try not to think about bitcoin as an entity independent of market forces, at least in so far as price is concerned. ultimately supply (willingness of producers to satisfy) and demand (price consumers willingness to pay) and the equilibrium thereof is what is at play here:

https://ia601600.us.archive.org/19/items/MIT14.01SCF10/MIT14_01SCF10_lec02_300k.mp4
39  Economy / Economics / Re: Steam bans blockchain games on: October 24, 2021, 01:32:51 PM
That's steam kinda own decision, for me gaming on blockchain and making money out of it makes more sense that playing games on PlayStation 5 and earn nothing in return, there is a saying that time is money and if money can be made from fun then it's even better, screw steam I love axie infinity
But the purpose of games is to have fun not to make money, I know that even with single player games people are making money when streaming their content and stuff like that but the main purpose of any game is to provide entertainment not a way of life and  a way to earn money, now in many games you can sell your gold and items for real money however when you cannot even play the game without tokens and everyone is there not to have fun but to sell whatever they get then this is not an ecosystem that can be maintained long term.

it's not about fun or making money. it's a smart move from steam and it's not because they want to, it is because they have to. money laundering through markets the size of those that operate through steam is a paradise for players who know how to maneuver in this space. steam is protecting their market, themselves and players on both sides.
40  Economy / Economics / Re: If printing more money is inflation then why printing more gold is not? on: October 12, 2021, 07:44:17 PM
If printing more money is inflation then why printing more gold is not?

Why do people value gold more than money? If more gold is printed then it is not inflation but if more money is printed then how is this inflation? While both are of no use in real life, cryptocurrency is more valuable than gold because you cannot use gold for cross-border transactions. A billionaire may have billions of dollars worth of money, but he can still use a little gold for jewelry. The concept that printing more dollars creates inflation should be eliminated. If printing more dollars causes inflation then people should buy cryptocurrency instead of gold and if that happens then gold will be of no value. Once gold loses its value, a surge in currency will not lead to inflation, because then the value of cryptocurrency will exceed gold.

good trolling
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