Also, keep in mind if you are staking your coins there is usually a cost of time and effort to unstake them. Or if you are using a centralized service there can be other costs.
AND if for wherever reason you are disconnected from the network there may be penalties and so on.
If your mining pool goes offline most mining equipment has the ability to add multiple pools so you don't loose that much.
If your preferred mining pool starts supporting proposals you don't like you can change pools.
And so on.

-Dave

Without knowing a lot more detail about what was planned or many other things it's also all just guessing as to why.
Were they planning to sell 10000BTC for something anyway but because of the depressed market only sold 4000BTC just to cover some things?
We have what they say and what we speculate. But there are probably 1000s of factors going into those decisions.

-Dave
 

The SSL for the 1SPLiTKEY.com site expired last week. Check to make sure certbot is running. https://certbot.eff.org/
Don't know if it's that or something else causing generation issues. Or if my browser is just not happy with the expired SSL.

-Dave

With a little work and a bunch of BTC you can actually do a fair privacy dance with multiple LN nodes of your own. Probably pointless but if you have a couple of large nodes that are well connected. And then setup a bunch of other ones that just connect to each other and then to the large well connected ones your own transactions can easily be lost in the shuffle. And if instead of re-balancing them or closing channels you just use other services to pay invoices now and then back to yourself you could probably hide a lot of what you are doing.

Is it worth it, IMO no. But it can be done.

-Dave

"A good compromise leaves both sides unhappy"

Binance as with most exchanges has to walk a line that keeps regulators happy while keeping customers happy.
BTC users and crypto people in general don't like or want any form of KYC
Governments for good or bad reasons want to know were every bit of money comes from.

In order to operate they have to keep both sides happy, make sure they have enough kyc and coin info to keep the government happy and free enough that they don't loose customers.

@n0nce even has this thread about exchanges not to use because they use taint proclaiming services: https://bitcointalk.org/index.php?topic=5401468
A quick google search can give you a list of exchanges that were shut down for not complying with government regulations.

As I said, it's a tough line to walk. Some just say screw it, lets go with full regulation and KYC and have less users and less govt headaches, others go the other way.
Only time will tell who is left standing in the end.

-Dave

Sometimes it's not just about making BTC by having people view ads. It's about getting eyeballs / clicks on a certain thing and using a few satoshis to do it.

With that being said keep in mind from the script

Anything older then 7.4 is way out of date and vulnerable. I don't even know of any webhosts that still support it.
Take a look at: https://www.php.net/supported-versions.php

I don't know if anyone has updated / ported the script so it runs on a newer version of PHP but if not I don't know if it will work.

-Dave

Meh, most people I speak to about BTC never really believed it would hit $100k or if it did it would not stay there for any amount of time before falling again.
As others keep saying, it's a cycle and every time it gets to new highs.
Also makes you wonder how many people are now out so to speak. I know of one. He mined and spent a bunch over the years and had a 50BTC solo mined block from the early days. Sold at $60k gave 1/3 to the govt for taxes and is now just working to work, not because he needs to.

I can see people wanting to be like him fueling the next bull run. Except instead of getting it for the low cost of mining, they are buying in at $20k and hoping in 10 years to get out at some stupid high number. We will never see them here, they will not talk about it. Just buy and wait. Not a cult, just a financial decision.

-Dave

I am going to go back to the point I made here about cheaply self hosting a node: https://bitcointalk.org/index.php?topic=5399730

Can you do what the OP wants to save some $ on HD storage space? Yes.
Will it cost them a lot of time trying to do it this way and if something changes will it cost them even more time to do it again since they don't have all the data? Yes.

Just because you CAN does not mean you SHOULD.

For a thought experiment fine. For someone who has been playing with crypto for years and knows what the real issues can be fine.
But for real use, probably not.

-Dave

If, and that's a big if they can really get these stateside for $99

https://www.gaminghunt.net/2022/06/04/n6000-x86-single-board-computer/

I think it's going to be very interesting to see how many things that are now RPi based will go in this direction. Yes it's more then a Pi and you still have to add memory, but it's got a lot more power to do a lot more things. AND it's a lot more expandable.

---

Just checked on my Apollo, now been running for close to 5 months. I took it down the end of January when I was stuck at home after surgery to clean it been running ever since I started it again.

-Dave

It's not that much different then when it happens in Texas when they run short on power:

https://www.prnewswire.com/news-releases/texas-bitcoin-miners-turn-off-to-conserve-power-for-the-grid-301547420.html
https://www.theblock.co/post/151084/bitcoin-miners-in-texas-have-been-powering-down-amid-heatwave-and-record-electricity-demand

It's pseudo voluntary in TX unlike Iran where they are made to do it. 

For us, it looks like a big deal. But many heavy industries across many countries have always had to cut power use during high demand times.
We have seen manufacturing plants running overnight instead of during peak demand times during the day in certain locations for years. It's just different for miners since mining is 24/7

-Dave

I had a batch 1 full node and sold it on eBay last year for a very nice profit. I was going to keep it but the inability to update it and running outdated software (even back then) just made me skittish.
Like you I never had any issues running it, but leaving that many gaping security holes on 1 little box was not something I wanted. I have picked up the base unit since then and have a nice USB cable running to it from a machine that is up to date.

NOW, I also know that the old bitmain gear I have running here is also running possibly vulnerable OSs
BUT the old versions of Node and Armbian have known vulnerabilities. I have not seen that much about the bitmain stuff.

Had you put out the how to guide last year I might have tried it. But since there are other ways to run it, that is how I went.

-Dave

And it's all good until with them trying to clean up other peoples poor programming or documentation they break something or introduce a vulnerability.
This has always been an issue with programmers working around other peoples code since forever, not just with BTC.
Same with the keepkey issue. How much time & effort did they spend cleaning up someone else's mess.

-Dave

Where do you get that from? For years BTC was mined at a loss by people who found it interesting.
Even now there are people mining with older inefficient miners who loose money every day even at $50k or $60k per BTC.
As people stop mining difficulty drops so the remaining miners make more. If the price drops even more, more people may drop out and the remaining people will get more BTC
That's the way the system works. That's the way it's supposed to work.

As an altcoin example it looks like that as of the next difficulty change (tomorrow) LTC will have a 25% drop in difficulty since the beginning of June when it's price plummeted.
Would take a bit longer due to the 14 day adjustment of BTC but if miners dropped out the same will happen. But looking at the BTC difficulty, miners are not dropping out.


-Dave

And lets not forget one of my favorite things. Nodes in a box.
Umbrel / raspiblitz / mynode / others.
Add in autopilot and all you have to do is either re-balance as needed or close and open others depending on your mood.

But, I guess the question is why? We are enthusiasts. The same way some people are car enthusiasts and wash and wax their Corvette every weekend, try to get every last HP out of it. Change the oil every 1000 miles and have their own lift to get under the car in their garage so they can be sure everything is perfect. They would be happy with paying their bills using bluewallet.

With my car, I put in gas as needed and change the oil when the light on the dashboard tells me and I think the last time I washed it we had a different president. But I have several of my own BTC and lightning nodes......

-Dave

What I was trying to get across is the fact that we have +/=/- for trust and you have to click on that to see what people wrote and why and so on.
IMO = is pointless. I doubt most people see it. AND for the most part things like what is being said about hilariousetc are 100% not important to trading.

Quoting myself:
If he was on this forum and I cared enough to type about it he would have 100s of positive trusts from me.
And about a billion what an ass he is.

I know it's been said that trust is for trade or trusting in general. But, people keep posting things there that are more about the person then their actions.

<shrug>
Once again, this forum is not eBay or Amazon, it's about BTC discussion.
Makes you wonder if we got rid of P&S / OT / Serious / Ivory / ALL the alts / Gambling (except as related to crypto casinos) this place would be better or worse.

-Dave

Sigh...Although not related at all to Timelord2067 / hilariousetc anyone here this is something I posted 3 years ago:
https://bitcointalk.org/index.php?topic=5154576

The trust / feedback section is a flaming pile of dog poo at the moment.
I don't care if hilariousetc is a transphobe or homophobe or whatever. I care that if I send them BTC I get what I was supposed to get or if I send him something I get my BTC.
THAT IS TRUST.
Now if hilariousetc is a transphobe or homophobe or whatever I might not want to deal with them because I disagree with their beliefs. THAT IS FEEDBACK.

Sadly here, no matter how many times it's discussed it's combined into one thing so we have the "leave a neutral" which and lets be honest here. Just about nobody reads.
FOLLOWED by, since it's not visible on many boards, we may or may not ever see it.

If you spent 100% of your time on the main bitcoin discussion and tech boards you would never know the trust system was there since it's not shown.
Does it matter. Yes, I think it should be everywhere. But once again, that's me and as a realist it's not going to change.

-Dave

From the tl;dr side of life. The main question is did they do anything besides list it and give a basic description?
As far as I have seen, Coinbase lists a lot of things and just gives a basic description that is basically a copy of the whitepaper and then tags on the DYOR warnings.

Everyone with at least 1 functioning brain-cell could see it was a scam from miles away. But then again so could people who looked at Nikola a couple of years ago and Medallion Financial since 2018 and so on. But greed will make people stupid(er).

-Dave

Very targeted ads with all the kyc information behind them.

Makes you wonder if the more you view the more learn and earn things are shown to you.
I watched a couple while waiting for a deposit to confirm and never looked again.
Would be interesting to see if people who watched and got their free coins and then bought more coins get more of these ads then people like me who watched them, got some coins and never went back.

-Dave

As of now the next difficulty adjustment in about 5 days puts it at flat. So it does not look like any miners are shutting down. Or if some are shutting down as fast as they do others come online. If BTC stays at it's current price point or drops then we will have to see what happens in 20 days or so from now to the difficulty. At a guess a few of the edge cases might shut down smaller farms but for the most part since you have to buy & pay for the gear before you get it, it's better to mine at a loss and accumulate coins hoping for an increase in price then shutting it down and selling off the miners.

Just my view.

-Dave

Massive dent? Probably not. Big dent? Tough to say.

There are probably 10s of thousands of hobby miners out there with 1 or 2 pieces of older equipment sitting in storage someplace since they are not worth selling and also not worth running. So, if something really did take out 90% of the hashrate how many people would spin then up just because? As an *extreme* case I have a little over 100TH/s sitting in a storage locker. Just not worth running it.

And until the person who is renting the locker needs me to move my crap out it's not worth striping to sell the aluminum for scrap.

At the moment I have spare space and power at one of the data centers where we have servers and routers. I could probably get 5 possibly 6 of the A841 running with the power we have after swapping some boards around to get them all to all working. 65TH/s is a tiny tiny tiny fraction of a percent in the speed today. Dropping it 90% it's still a tiny fraction. Add 1000s more people putting their units back online and yes I think there would be a difference.

This is all assuming that it's the big farms that went offline and not a world disaster that took out large chunks of the internet.

-Dave