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Yes I want it to go to certain people.
I actually have a somewhat convoluted 'dead man switch' on my cold wallet.
Its a 3 of 5 multisig but not everyone knows each other or even how to get to the other parts.
Kind of a matter of perspective, my IRA / 401k is worth more but I still want certain people to have access to my BTC.
BUT they would need the help of other people to get to it who I trust or really don't know what data they are holding.
-Dave
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Also keep in mind if it gets a lot of hits that depending on what you are doing it will handle some requests in the order they are received NOT in a multi-threaded simultaneous way.
For the most part you should not care or even notice if you are only running 10s of services, but if you do something that is intensive it may cause other calls to wait.
Been there.....done that.
-Dave
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I could almost guarantee that this was caused by Binance removing exchange fees off BTC/USD trading pairs.
Sell it at a loss and make it up in volume :-) But seriously, I'm guess that with all the other fees they figured to get more volume is better even if the BTC/USD is not generating cash flow at thins point the "I'm here and trading anyway happens" will get them some volume / money. Yeah, Coinex might have a slightly better rate on Dave's itchy testicle <-> BTC then Bianance, but I'm here and moving the BTC anyway might as well trade it here instead of having a withdraw fee and waiting. -Dave |
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It seems that they are trying to manage liquidity and may be able to survive if prices return to the rise and there is no further interest rate hike, but what will happen if the opposite happens?
It's far too late for that. The fuse has been lit / the 1st domino has fallen / pick your metaphor. This is what GS is good at, dealing with money & finances & stocks & other financial things. Call it USD or BTC or some other thing does not matter. They see a way to make money and are going to go for it and roll over whoever gets in their way. Just due to their massive size they have bigger and better lawyers all over the world then anyone else being discussed here. And in the end, that sadly matters more then just about every other thing. -Dave |
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It's been discussed 100s of times here. But for the most part it seems to come down to taxes. If you can move large amounts of money in whatever form without the government knowing then they don't get their tax revenue. So they try to regulate & control ways of moving money so they do get their cut of it.
Anything else is all smoke an mirrors and excuses.
-Dave
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As for support, it should matter. Devices like this should start out secure and end secure. If there is something like this found then ledger should fix the issue if possible even if it's not supported.
Except Ledger's most expensive device was abandoned not too long after release, they have an issue with keeping databases secure, they have some pretty sketchy Ledger Live automatically enabled options upon install, there is a closed source component, they collect information you may not want to be collected and am pretty sure the support for HW.1 and Nano devices is dead. When I want a Hardware Wallet, I want one that will not have to be replaced by 'a new model' like phones nowadays are. Ledger has now released like over 5 products and seems to have more sales and new products as a priority. There are just so many issues and doubts with this brand I can not imagine why someone would pick them right now over their better competitors, unless the customer is looking for one that supports Shitcoins. - Regards, PrivacyG I did not say they WOULD do anything I was pointing out they SHOULD do something. Will they? Can they? Probably not on both. I have yet to see any hardware wallet maker go out and replace devices with known issues. OR and this is the part that also bugs me, even give a discount on newer hardware if you have an older device with issues. Sooner or later it may happen that these manufacturers take responsibility for their products but I will only believe it when I see it happen. -Dave |
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Ledger Nano X, S Plus and S are not affected. Are there people that are still using the old type of Ledger Nano? Is Ledger still supporting those old devices? I do not think so. I will not recommend anyone to use those old devices anymore. At least, you can get yourself either the X, S or if you are NFT person, S Plus.
Why would people NOT still be using them? If they work and did what they needed to do there would be zero reason to replace them. As for support, it should matter. Devices like this should start out secure and end secure. If there is something like this found then ledger should fix the issue if possible even if it's not supported. And lastly, now that they found the issue, would you really want to give more money to ledger for another product or try another brand? -Dave |
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Although not risking the possibility of closing, it's still going to be a major issue for some people: https://bitcointalk.org/index.php?topic=5406306But, once again how many people are going to go the the service discussion board unless they are either looking for something or are having a problem with a particular service. Makes you wonder how many important things were missed over the years because although something was posted about it here, it was buried someplace. -Dave |
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For all of everyones complaining about BitPay / Coinbase Commerce / and the other places that do KYC and crawl up you ass deep enough to qualify as a colonoscopy at least they don't have the ability to do something like this. Not saying they can't kick you off their platform or do a dozen other bad things but, they at least have to follow some set of rules for getting you what is owed to you and give you a reasonable amount of time to take care of things if they do force you to leave.
For the "host it yourself" and all the other people coming to say that. They provided a service for a fee, I'm sure the cost of the fee was probably less then some people thought it would cost them to do it themselves. And for good or bad, they also accepted a lot of coins, doing that yourself for a small shop would be a major task.
-Dave
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As for cooling not playing a large part of the costs it depends on HOW the mine was designed.
If it was previously a data center that they took over you NEED the cooling. They were designed and built around active cooling.
If it was designed from scratch as a mine then it would have been built to accommodate a large amount of air movement with less cooling. If again there were no other plans for it. A really nice mining center was put up near the NY / Canada border that I got to tour. There were many sub optimal things done for mining because they wanted to have an out / ability to sell the facility if mining did not work so there was more active cooling then needed for miners so they could repurpose rooms for regular data center use.
-Dave
I don't really understand why you would use more active cooling in a data center on purpose because this will also drive up the cost of the data center. I have seen pictures of bitcoin mines and some run them basically outside with just a roof above. The same could be done with a data center, but there are many reasons to not do it, like moisture and dirt. I think it is not the case that you can run a bitcoin mine with less active cooling. It is just that people do it, even if there are the same reasons as for a data center that speak against it. Because in a 'real' DC people want walls and doors and security and redundant cooling and humidity control and redundant power backup and power conditioning and lots of other things. I can add a lot of power and racks and massive fans and some cooling to an existing warehouse and mine there. But in the end it's a converted warehouse. There is nothing wrong with that, it works fine for that. Quick and simple and fairly inexpensive. When building new if you are getting money from VCs or from any other source it does matter. If you are building new and the area is not going to want / need another warehouse of that size or in that location then your business plan better have another use for the building or it's going to be hard to get money to build it or possibly even permits from the locality. -Dave |
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I am going to go with probably not much. Some people will sell because they need to get fiat for whatever reason. But, I think most others that have been waiting years are going to wait for the next bull run. At which point 200000 coins although a large number is not going to matter much as they are not all going to be dumped at once. And even a few hundred or a few thousand being put into the open market over a few days is not that big a deal IMO.
As for the people who bought out peoples claims for very little. They are the ones who are going to sit on the coins till well into the next big bull run since they are in it for the money.
Obviously, this is all just what I think, could be totally wrong.
-Dave
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Did you have several addresses or just one? Could you have generated an address / private key with a brainwallet? https://bitcointalk.org/index.php?topic=1148611.0I am not sure when they came into use so I don't know if it was even possible. The only other wallet I can think of from back then that used words is multibit. They have been gone for years to the point even the discussion here has been put into the archive. But you can still read it here: https://bitcointalk.org/index.php?board=99.0-Dave |
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so 30eh = too high
Don't ruin my fun!  thus there is no way that 1000MW is producing 30 Exahash
You neither! I was looking for the best numbers, a guy has the right to dream a bit, I'm entitled and demand for everyone else to do the same!!!! One thing, now seriously, the whole cooling thing, I don't cool itself is such a large part of energy consumption, the fans we have for ventilation of the whole building are rated 600W and 3100 m3/h. Semnificative yeah, but large no, also they mentioned "more than 1000MW". Now for some numbers: 118 blocks in the last 24h, means 81.9 pace, so allow me to still dream about it. The last block was 37 minutes ago, next block fee 32 sat/b, something is definitely happening. Keep in mind many miners have been down for a few days or have lowered consumption. https://insidebitcoins.com/news/extremely-high-temperatures-in-texas-force-crypto-miners-to-go-offlineWas early on the 12th and was mentioning the shutdowns had begun. As for cooling not playing a large part of the costs it depends on HOW the mine was designed. If it was previously a data center that they took over you NEED the cooling. They were designed and built around active cooling. If it was designed from scratch as a mine then it would have been built to accommodate a large amount of air movement with less cooling. If again there were no other plans for it. A really nice mining center was put up near the NY / Canada border that I got to tour. There were many sub optimal things done for mining because they wanted to have an out / ability to sell the facility if mining did not work so there was more active cooling then needed for miners so they could repurpose rooms for regular data center use. -Dave |
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There are also a lot of miners shutting down older less efficient gear in the northern hemisphere now that these hot summer days are fully here. Just in general for the difficulty drop how many S9 and equivalent generation miners are being shut down with electric costs going up and dealing with the heat and....
All of my gear is off, I could probably make a profit on the surface. But every hour I run my air conditioner is one less hour it will work later. Since I would be selling to cover costs and so on it's just not worth it.
I have said it before and I'll say it again. Individually 1 and 2 miner people are not that big a deal. But I really think there are a lot more of them out there then people think.
And from what I see in the data center that we rent space in I can see how many businesses have a few miners running. How many others are there in the back of offices or warehouses or....
Getting a bit OT from the original point but I do think hot weather does matter more then just in TX for the overall hash rate. Is it more then 2% or 3% tough to say. But it is there.
-Dave
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Also keep in mind a good potion of that power is not for mining but for cooling.
And as others have pointed out we don't know if it's all the latest and greatest gear or even from whom.
The other point that I think many of us know too well is some gear has been known to not always power back on after being powered off. Not that I am pointing fingers at any particular manufacturer here.....
-Dave
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...
treat ethereums prices as a slow step down which will continue to step down over time as the PoS detonation looms
Starting with that, I think ETH is going to do a really nice bounce, possibly to a new ATH, when it goes PoS as many many people will want to get in on the new magical internet money thing. As for BTC, we keep seeing these posts as people who have no BTC hope / want it to go lower so they can get in. Price for while now seems stable at $20k +/- !0% and I think there are a lot of people making a lot of money on trading in that sphere keeping it in that range. With no MAJOR news either good or bad there really is no reason for it to move from that range other then pure speculation for the time being. Which is good, since people like stable. Yes they like massive price increases more so they can make money but for now stable seems to be working. -Dave |
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...Writing down any type of 'secrets' and storing the paper holding them securely (for decades) is very natural to humans, even going back hundreds and thousands of years, so I don't see why the 2022 human should be too stupid to accomplish it....
Leaving out all the other comments as to why I don't like this device, I will actually give them a small pass on this. For 20+ years now businesses have been conditioning people not to write down passwords for security reasons and that if you forget your password to your bank or whatever there is a way to recover it. So on one hand we have 2+ decades of oh you lost information, here it is. On the other side we now have sorry you lost a few words out of 24 word seed, sucks to be you your BTC is gone forever. Many other reasons not to like them, this is one of the smaller ones. -Dave |
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Side note but important; miners as a rule are on the bottom of the food chain in terms of who gets power: https://insidebitcoins.com/news/extremely-high-temperatures-in-texas-force-crypto-miners-to-go-offlineCome to Texas to mine....it will be great....unless it gets hot. I am 100% sure that just about every place is going to do this but it seems to be happening more and more in hotter locations. Businesses get lured into locations with the promise of cheap power / taxes / labor / whatever and when something happens they take the hit. It's easier to tell a mine to shut down then 10000 people to shut off their air conditioners. -Dave Those large farms in Texas were brought online fully expecting the cutbacks and as part of their contracts the farms are partly reimbursed by their electric providers for the lost revenue to encourage the farms cutting back when needed. I've made mention several times in the past about the service agreements they have in place and provisions for them cutting back/temporarily shutting down operations to ensure adequate power for the rest of the states consumers. Not debating that, the problem is the whats and whens and how longs so so speak. A few really hot summers followed by a few cold winters can change the dynamics a lot vs a few mild years in a row. Even eliminating that the biggest issues I have been seeing with miners (and sadly a lot of other businesses) is they move to locations on promises of "X" and then "Y" happens and they get "Z" WAYYYYYY back in time when I was in college a professor said it best and I'm mangling the wording but I think I make the point. "If you business plan at all involves the words, tax abatement, government subsidies, or any kind of lower rates for any needed materials or services it's not a good business plan" "Yes many businesses get them and succeed, but for the ones that had the "guaranteed subsidies" changed at the whim of the government or provider or vendor we just hear about the lawsuits from the bankrupt businesses" It's nice to say that the losses on the mines in Texas are really just socialized losses among the other rate payers. BUT at what point does some other business that may have more employees and more facilities and therefore more clout / power within the region say "So these new miners are getting all these deals, where are ours?" And then the lawsuits and fights begin. If ERCOT in Texas or the power company in upstate NY wakes up one morning and said "fuck the miners we can make SOOOOO much more money selling to these people" and changes the rules. YES there will be lawsuits and lots of articles in the local papers and local news. Possibly a blurb in the regional news. And after that the only thing that matters is who has the bigger better legal team and more time to fight it out in court. Since this is about advantages of mining in the USA I will bring it back to the fact that you can move. You miners will not be confiscated, you will not be forced into hiding by the government. But everything else. It's nice to have, but don't plan on having it forever. -Dave |
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...
[Also, fyi: that SH system I consider buying, with that Intel G proc, 4GB RAM and 1TB HDD is just a tad over 100 EUR].
...
Fun fact: before this thread I was considering to play with Bitcoin core on a RPi zero W (32bit), just to see how bad it runs. Afterwards I decided I should not waste my time.
A few thoughts. 1st and I don't know how it is where you are but here (NY) there tends to be a 'base' price of working PCs between $70 to $125 which puts them at about what you are paying for about those specs. However, there is a jump to $175 to $200 where they get a lot better. Smaller then needed SSD but more ram and a faster processor and you can get a 1TB spinning drive for under $50 for the blockchain: https://www.microcenter.com/product/622158/hp-elitedesk-800-g1-usff-desktop-computer-(refurbished) How do prices look for stuff like that where you are? As for the RPi, the 4 is the only one worth running at this point. https://magpi.raspberrypi.com/articles/raspberry-pi-4-specs-benchmarksYes it would probably be fun to tinker with the smaller / slower / less power hungry ones a bit but it's going to take a ton of work to get it to work and then it will not work well. But still keep in mind, although there is a higher cost (RPI4 + case + SATA adapter + m.2 SATA drive + SD card + wall power adapter) the power pull from the nodes in a box that I like to build is usually a rounding error in most peoples electric use:  https://bitcointalk.org/index.php?topic=5364113-Dave |
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Sent 0.0103 TXID: 7bbe5df59458e2c5fb66a68fe80ebeedf545bc40de93de7d60f757c8f79e1cd2
Return to bc1qegzpcm3p2d5jqsvkmw3daak4qgf00z50e77nes
Thanks,
Dave
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