Iceldn has produced around 18Twh of electricity, taking the standard model available now (not preorder), it can power up around 600k miners, which would make between 15-20% of the total hashrate. That is using all the energy for mining (no cooling or anything else), and shutting down every other industry, hospital, school, and nightlamp in the country. So the fact that they still produce 1.3% is a feat of its own since that requires close to 8% of all the electricity produced in the country, again, assuming only relatively new gear, with half of the electricity going to the industry.
Now, that 8% is giving ~$100 million in bitcoin revenue a year, Iceland exports 2.3 billion! in aluminum and that created 4000 permanent jobs.

You do the thinking on what they will choose to supply with electricity. 

So there you have it.


Binance Holdings Limited is registered in the Cayman Islands, but they are not licensed by the CIMA to operate a cryptocurrency exchange there, so they use that Cayman-based shell company to run other Ltds in different countries. There is no office and no license in Malta either.


That's Binance.us, incorporated in Delaware, again a virtual office.


They don't and they don't again! Don't worry, funds are #SAFU, /s!

In reality, it never happened and it would be stupid to do so!
This is not oil or coal or copper we're talking which has a global consumption that is heavily influenced by the price, here no matter what the price is the amount of daily produced coins will adjust to being the same every two weeks after each fluctuation.

On top of that, everyone seems to ignore the fact that difficulty can't increase overnight if profitability goes to the moon, we had record profitability per each TH/s two years ago simply because there weren't enough gears to be turned on and mine, they had to be produced, shipped installed, which took time to do so. Thus, even if the price was sliding and profitability was going down that gear was already ordered and in transit and got installed at lower levels, that's the reason you see it growing although the price is going down.

Second thing, the difficulty will still be able to grow even with flat prices, that is because of improvement in efficiency for newer gear, so you're going to have the same consumption, in the end, game same profits margins for miners, but overall the difficulty and hashrate of the network will be higher.

This is a nice graph:
https://bitinfocharts.com/comparison/mining_profitability-hashrate-btc-sma30.html#3y

It shows how 3 years ago prolonged levels of low profitability were keeping the hashrate growth moderate, then fast forward while despite price going down high levels of profitability were keeping the hashrate going up until again the equilibrium will be reached and the graph repeats itself.

Showed this yesterday to my father, had a good laugh at it, so:
-use of porous material, not clean material in contact with food
-no fridge to keep the mandatory contact surface under 5C  temperature
-no clean utensils used for intermediary meat processing, no designed space for depositing them between usage
-no mandatory gloves used while serving customers
-no sign of running water, scraps directly in plain view, meat of different kinds in the same space
-no label, no packaging, no readable label on the date and provenance of the meat, no sign of the last inspection
-let's not even talk about pest control
-probably mentioning something as mesophilic risks would be futile
-if it's not the cameraman's shadow then obviously traces of metmyoglobin which means already a lot of time since butchering

As a seller, I would love to do business there, as a client I would go vegan.


Well, that's the bulletproof way of turning a country into one big ****.
The moment the population doesn't care at all who you put in power, the moment there is no such thing as consequences for imbecile or crooked leaders the country enters a death spiral of agony til it finally pushes the rest button, which although it will lead to possible better times with will come also with a lot of pain, and in some cases, the population will rebel against reforms and it will revert back to the spiral, a never-ending nightmare and it's better to act now if you still have the chance until there nothign to rescue left. Otherwise...there are plenty of examples where this leads to!

This is just bullshit!
You can say anything about how crappy the banking services, are and how bad the timing is but to pin the death of a pregnant woman in a hospital on the banks is just stupid. Imagine you would be in a car accident and before rescuing you the ambulance would check if you're insured or demand you to transfer money before they take you to the hospital, at least 20% of the daily care fee, book your hospital on bookingdotcom, I can already see the advert.

This is all the blame on the doctors and here they would be immediately fired and never allowed to practice again, plus slapped with so much damages to pay to the family that they will end up on the streets. I don't know if this really happens it's an exaggeration, it has a bit of truth but the rest is false, but in case it did really happen like this then that country has much bigger problems than a cash shortage.

Love the moving goalposts, like a shitcoin developer clings to different dates depending on how he wishes to weasel his way out of this.
Remember this garbage you posted just a few months ago?


When you keep posting shit like this when you keep being called on the stupid things you say, when it's obvious you have no clue what you're talking about when you've become the laughing stock with that stupid claim of Russia occupying half of Ukraine by May, don't you think it's time to move your quota shitposting somewhere else? Seriously, you have no clue about the countries at war, you have no clue about economics, you have no clue about anything, so stop using server space with your daily garbage 4 liners!
When you have 30 posts in this topic just quoting the TTF price, maybe you need to find a different playground, somewhere where you don't stand out like the scarecrow in The Wizard of Oz story for the same reason, of just straws and no functioning connecting synapses.


You assume:
- "volunteers" get paid differently than normal army pay (which is not 200k rubles)
-  they will get back alive
-  they will really get paid that much
-  they will get paid at all
Then you go ignoring the effect of the 300k able men who were the single providers for most families in the poorest regions, 300k dead and mauled men whose families won't get any help, just like the crew of Moskva, because, well it was an accident and they didn't die on combat duty. Oh wait, it's not even a war, it's a special operation so after it ends they won't be receiving any payment like veterans.

Safe as not pulling an exit scam? Probably, since they make a shitload of$ on their fees and others' fees and extra hidden fees.
Safe as in not ever getting hacked or getting in trouble with their investment strategies the way ftx went? That's questionable.
Overall, investing in ridiculous APY on their website in some unknown shitcoins? Not safe at all!

I've been a wirex customer enough to be really cautious about them, one thing you should know from the start, it's almost impossible to contact someone and have a live chat with them, you will end up shutting down your laptop and going to sleep rather than trying to get ahold of a real customer support person. Second, all those advertisements on returns are really dangerous, not even mentioning they offer 50x leverage for their trading, an easy way to simply lose a ton in a glitch, and glitches do happen on their platform, I've been stuck with forever loading screens before even while just viewing my balance and not just once.

I'm not a fan of the biggest CEXs around but they are a better option than wirex.
Wirex is doing a good job at having a card and an easy way to top it up and spend, that works 99% great, the rest not really a thing.


Just go earn the other 75k   , I only need 65k with 4500 in the bank , so to earn 60000, which is around 250 euros, and at a 0.5% crypto back it means I need to spend around 50k euros with their card to be able to cash in my rewards, and not die and wirex not to go bankrupt by that time.

It's not even that complicated it's just a spam ad with a Whitelabel page with different intros and clips, the so-called inquiries are just to make it look like they really care about who you are and they have an actual female on that entire website, I've seen those ads before and a few years ago I even helped one friend to install their flash popups on his blogs.
The main company behind this is flirt(dot)com and the guy spamming is just earning from refferal through his affiliate program, the giveaway is in the blocked page ublock showed,


So he probably thought the could spam the entire forum with his links and maybe earn $30-50 from a paying customer.

If he wanted to do a social engineering attack and especially target Philip he would have said he is selling mining gear or has a deal in solar panels, far better chances to catch him with that  

The G20 is a forum, it's not an organization, it has no way of enforcing anything between participants, it's just an informal forum where everyone bitches about their problems, the rest agree and disagree, and when they return home every single country is doing things as before.

To expect something crypto-related that will end in a unanimously agreed regulation of some kind is a fantasy, not while China which has already banned almost everything crypto-related is a member, how do you think that will sound? To make things worse there is Japan and SK with tighter regulation already in place and some that don't really give a damn like Brazil and Mexico.

So, nothing to see here, they will have far bigger issues to discuss than focus on crypto.

Do you have some numbers to compare usage on it?
Because with 200 million in Nigeria even a fraction of it, like 0.1% doing one transaction a day would mean 200k extra transactions, which, obviously are not there in the blockchain at all! Besides a comparison would mean having access to government data, and those have not also been revealed, not even mentioning the last week when the ordinal hype raised the transaction fee to at least 10sat/b, close to half a dollar for a simple tx, not something really appealing for a country with a minimum wage around ~$100.

Plus, if you are unable to use a debit card hard chance you are knowledgeable enough to use a Bitcoin wallet.


Nigeria doesn't have the $ as a currency to not care that much about the exchange rate or conversions or capital outflow, for Salvador it was simple, the central bank was not involved in money printing, money security, or anything else.

1$=1$ and 1Luna=1Luna as long as you don't sell or try to buy BTC with it 10 years later.
I find it amusing how while we're going down 1BTC=1BTC but when we're in a bull market everyone forgets about that and starts with 1BTC =x $.

As for the conference itself, it's no longer 2015-2017 when every major event was something new, never seen before, when you had literally millions who've never heard of it before and so, just to point out a thing, since we're talking about Miami, the Miami-Dade Arena was called FTX Arena from 2012, one year prior to the conference, this was just an event wth no authority that can take legal decisions presently.

The conference was more like an auto show, where everyone goes to see what's new and companies invest for publicity, no car maker decides the prices for the cars or the wages for their workers based on that.


Oh...btw


one year later, Stronghold is returning placed orders to avoid bankruptcy.  
Not really the guy you want to take advice from, right?

I checked a few of those and there are 5 ratings from people that do mention they haven't been through the fire with it, so, are those ratings completely true if the box wasn't actually put to the test?

From my army training and the years I spent with inspections on the farm's buildings, there are a few things you need to look at in those so-called safe boxes, the temperature they are rated and the amount of time they are rated for at that temperature.
So if it's safe for 2000C without the time then it means it's garbage.
No safe box should ever have under an hour of constant +1000C, the average house fire goes to 800 and it can keep those for more than half an hour without intervention, so most of those "silicone fiber glass " and other stuff is useless, they throw at you a certification that really means nothing, like the 30$ box that shows a UL94 classification which is for the material itself, not for the protection of the content.
Two guys are asking for the fire rating and the shop owner just avoids the question going bla bla bla.

I don;'t know maybe it's just me but storing more than 1 BTC in a cheap $20 alibaba safe (yeah I know it's amazon but I've seen enough resellers to not care anymore about the brand)  seems like a really not so good idea!

Nobody here is talking about crypto or crypto taxation, OP wanted a simple answer on taxation on agricultural products.
Do read the message to which I replied!


Of course it's right because that's what we're talking about, taxation for a yearly activity with a determined revenue that comes falls into different categories, non-taxable, taxable under 10% here as additional revenue but still beyond a certain amount, or taxable at 25%.

I don't understand why you felt the need to bring crypto into this, might as well talk about tourism taxation or revenues from copyright as they have just as little in common with agricultural stuff as crypto.

There is no general rule for all countries.
I see another user saying you're from Indonesia, I don't speak the language, and I can't find anything on a simple search in google about how that works there but I can tell you how it works in my country, and this is not a general rule even for all the EU.

Any kind of farming you do which only involves utilizing the final crops for personal use, without you at any point engaging in other activity, like for example selling either the strawberries or the strawberry jam, it's not a taxable event and it doesn't need to be declared to the tax revenue services. But they are limits to what is considered personal usage, so you can't plant 2000 ha of corn and say it's for your morning cereals.

If you do sell your products to a third party, thus engaging in a taxable event, you are subject to taxation which works like this:
- your revenue is under a limit (depends on each country), you won't pay taxes but you need to declare the revenue
- your event is over the limit, you're treated like any business and you have to pay your taxes.

So basically, you plant a few melons and you eat yourself in your backyard you don't need to tell anyone, you plant a few and you sell them you need to register but you won't be taxed for 5 euros profit, you plant 100ha and sell them, you're a business and you need to register not only for tax but with the agricultural office also.

Again, and I must mention this, I don't know how the law woks in Indonesia, I'm just telling you from an EU citizen (who is has been for 20 years involved in agriculture) point of view.

I was more bearish because I wanted that to happen and I looked only at things that we were enforcing that view, that's the reason I don't trade because I'm not really good at differentiating between things I want to happen and things any cold-blooded analysis will tell me are more likely.

Now the bad news  , even without real money at stake now I'm still bearish on the growth, not on the difficulty itself but on the pace it's going to grow from now on, without a price increase I don't see spectacular stuff like this event happening more than twice again, even without a negative adjustment. I'm away so I can't check the actual income for the last week but viabtc shows 6.5cents per Th/s doubling again with no price increase, common at 3 cents income most of them are going bankrupt before that.
So, growth, but timid growth compared to price more driven by already purchased gear than economic reasoning.

Indeed, this is where storage gets way too complicated to make it a cheap thus affordable and reliable solution.

You either go for the cheap and easy way to deal with, like placing a tracker like an airbag in it, but which under 10 feet of concrete and rebar won't be detectable at all, Bluetooth doesn't penetrate that deep, or you go for a more complex and powerful solution which will need a third-party service, a huge battery that will increase the size, which might solve or add another problem on top of an existing one.

With a small box, it's highly possible it will not get noticed among the ruble just get thrown with the trash in a truck and dumped before you're even allowed to reach the scene of the disaster, with a huge box, there is the problem of it getting stolen as some might mistake it for safebox before you have the chance of getting it back. Plus if you make this big and durable, you have to hide it also pretty well in your house in normal times for the same reason, thieves getting in and thinking it's a safe box full of money, which actually it is  


Yeah, easier said than done.
It was hard for me to find a place to store a pair of keys in case both me and my wife lost ours, (obviously, the inside of the house was a no), and with a hardware wallet, you must exclude a person keeping those, so, how many people have 2- or 3 properties with land so they can bury a case or a box far away from prying eyes?


If you're living above the third floor or even better you don't have tsunamis at all in your region there is not really a matter of concern. But you could at least laminate it to avoid normal degradation or accidents like your neighbor flooding your apartment.

It depends on the country's laws, but in most of them if you just abandon your vehicle it doesn't mean you stop getting taxed for it, it's still registered in your name it's your property, and you are going to have to pay tax until you void your registration, basically stating that the vehicle is not drivable or roadworthy anymore.


The borrower is the person who took the money, a tax payer is a normal citizen, and the borrower can't be notified by the tax payer more by the tax collecting agency in your country. Second, it doesn't matter if you borrow money or not, taxes are paid if you have any kind of event on hat revenue, and there is no such thing as not knowing about it.
You've earned $1000 from any kind of work, be it selling your crafts or doing a freelance job you must register and pay taxes, unless in your country revenues under a certain amount aren't taxable, but that doesn't matter you don't have to fill your taxation form, even if you're not going to pay a dime.


Unless your country clearly states that revenue from farming is not a taxable income for under x amount, what that farmer is doing is tax evasion, in most of your post you're mistaken tax dodging with tax exemption, thinking that if you're not paying it's just like that and it doesn't matter. The inability of your government to catch you doesn't make it legal.

Ordinals and their hype had no direct effect on the hashrate, the hype started so recently that it wouldn't have been time even for the gear to be ordered, less much already received and installed to make for the increase. Plus the timing is not there, the mempool was flooded by them by the 7th, the last difficulty retarget happened on the 12th and was negative.

It's most likely an incredible amount of gear that was ordered a month prior and was still stuck in deposits or farms that at prices below 20k  were running their gear in low mode, plus even some farms that were offline in the previous two weeks (we had a -0.49 adjusted prior). A combination of factors, but ordinals are not one of them.


Not necessarily, it depends a lot on where the growth was concentrated, even if it's a bit random and a lot of luck involved the first days saw a higher time block than the last ones, so it is possible the currently installed hashrate is still growing by a bit, a few 1-4%, so we might still have extra blocks even in this period.
Anyhow the hype is dying down, the weekend is coming and we only have 4vMb worth of tx in the mempool, most likely it's going to be empty next morning, and a lot of free space during the weekend for 1sat/b consolidations.

 

That's not how it works.
You choose a peak point for one of them and then ignored the bitcoin price on the same dates.
Even by going by your scenario, August to date, you have
- riot from $10 to 6.5
- bitcoin at same price 24k
So no 3x difference, just a 33% loss on riot.

But if we choose other dates, for example, yoy
- you have riot at $15 down to $6.5
- you have bitcoin down from 41k to 24k
so a 35% loss for riot versus a 41% on BTC

Now let's go 3 years
- riot at $1.1 now 6.5
- bitcoin at $9k, not at 24k

With riot you have a 6x, with BTC you have nearly 3x.

Plus at no point in the last 3 years, you would have been able to take home a 100x revenue with BTC , you could have done that with Riot shares.

It's not that scary yet, wait for the moment when I turn bullish also, that's the moment you know something bad is going to happen 
But I would agree that everyone seems to be acting like kids before a vacation, with so much exuberance and so much confidence that we're going to enter a completely bullish market and a period of mass adoption just like that, out of the blue suddenly complete reverse.

And in mining, even crazier

Ok, it might not be new gear, it might also be a lot of low/high modes getting switched, but we're still talking about at least 100k new, and for the rest it would mean half of the gear was running in the low settings, and suddenly, when the revenue went from 6 to 8 cents per th/s, it becomes more viable to mine full power, I find it near impossible to believe so much would be at such tight profit margins.

I'm glad I'm out of this and switched to hobby-style mining with just two of them left, I'm so relieved that I don't even care anymore if the revenue drops to 5 or even 3 cents per th/s, I'll let them mine till they die.


Yup, permabull detected, I dare you to go to the WO topic and share this scenario!