Define new, Digihost bought that gas plant at the end of the last year and it has barely come online for a few months after acquiring permits, TW Lake Mariner facility is not even completed and runs at 10% capacity.


A slight difference between applications and things that are currently running, and obviously, the ones running are the problem that caused this, not future plans.
Common, let's not start this all bitcoin mining energy used is green and has zero impact drama, you know just as well as me that it's nowhere near the real truth. Miners weren't flocking to Montana to admire the view and they are not mining with hydropower because it's good for the planet, they mine like that because it's good for their pockets and they will do so with whatever it's cheaper. Let's ask every miner here if he's willing to pay 3 extra cents for green energy or just 3 cents for coal, we all know the outcome.

This sounds weird, probably the right news is:
Pornhub is hiring Ron Jeremy and the crew behind Babysitters and Debbie Does Dallas to produce an 8-episode parody about SBF and FTX, Penthouse also tried to buy the rights but withdraw when realizing what actors it would need to hire to play the series.

They bought the rights before the investigation is over if the news breaks out about some more of FTX funds going into the wrong pockets they might have to drop the production altogether if there would be even more unfortunate events nobody will support making a movie about this guy. Plus there is the thing of the audience, who would pay to hear and watch a story about something you don't have a clue about like cypto, and which cypto lover is going to pay extra to watch the story on how his investments went south?
Plus, you have a lot of characters in that future movie who you're not sure won't end up in prison by next summer.


What a pile of garbage that is, it's become so cringy when they try to insert their quota of drama into everything it's just unwatchable.

Cough, cough...Greenidge
DigiHost gas powerplant in Buffalo?
TW's Lake Mariner hydro powerplant facility that somehow is just 91% renewable... 


Mining is not a fixed game where you need 100Exahashes and that's it, you obtain those with 10 times less power and you have reduced consumption.

The consumption is influenced by the revenue, if Bitcoin drops to $100 you will have miners earning $90 000 a day and they obviously won't be able to spend more than that on power. If it goes to $100k you have a revenue of $90 million a day so you could easily spend half of that on your power bill and still get a huge profit.
No matter how energy efficient those new ASICs will be, long term if the revenue per day for miners grows ten times so will their power consumption with just a few percentages off.

This is just wrong.
There are millions of investors out there who haven't touched bitcoin, there are hundreds of investment funds with millions or billions in assets who haven't done so either.
Just to get a picture of what a tiny percentage Bitcoin is, the total value of all the coins (including Satoshi's coins) is just 1/4 of the Pension Fund of Norway, right now by market cap Bitcoin would be the 25th of the publicly listed companies and let's not add real estate, art, or just jewelry which has an annual turnout of nearly the same size.

If we would be at the point where we couldn't do without BTC we wouldn't be at 16k and certainly not at 300k transactions a day with just 5k BTC in LN.
There is a very long way to go till that moment.

A ton of them, but only a few really big players on the CeFi loan and earn business.
There was holdnaut that went down, Ledn that said it had no exposure on FTX or others but has started cutting jobs and probably the biggest left is Nexo, also claiming no exposure and no loss, but we all know how to take these statements.
Nothing I can find on Yield App, but they were offering 7.5% annually on BTC now just down to 5%, and of course Bybit, which has done a weird thing about that proof of reserves lately showing what they have but not a word on the liabilities.

Of all of them I'm worried about nexo, I know a few who had funds there and a few users on this forum have played with it for a while, so I hope they got out with the recent events.

You can update the thing with the "source" it's official:
https://blockfi.com/November28-ClientUpdate
Interesting they chosen the same agent , Kroll,  as FTX:
https://restructuring.ra.kroll.com/blockfi/
https://restructuring.ra.kroll.com/blockfi/Home-DownloadPDF?id1=MTM1MjMyOQ==&id2=-1

And just three weeks ago they were promoting stuff like this:

Pretty sure every program they've launched was a desperate cash grab to keep the operations flowing, but their FTX exposure was just too great, I wonder what losses we're looking at again, they claim 200 million in cash and somewhere between 1 to 10 billion (quite the range)  in assets and liabilities so god knows how many times one is bigger than the other. Or better question, who's next as this shitshow doesn't seem to stop anytime soon!

Nothing is confirmed at all.

This graph is just showing the number of coins held by addresses that are confirmed or at least believed to be owned and in control of Coinbase.
With this comes two problems, we don't know for sure those wee Coinbase addresses, we don't know all the addresses owned by Coinbase and we don't know if they haven't just moved a few of their coins from the cold storage to Coinbase Custody, which is actually holding most of the coins owned by big investors who pay Coinbase to take care of their coins. What the graph shows is you taking $100 out of your wallet, the one observing this doesn't know for sure how much more you have just a quick peak, how much you have in your pockets and it also doesn't know if after pulling out that 100$ it didn't just go in your wife's wallet.

The other problem with this is that for years I've been hearing of people pulling and pulling coins from Coinbase so that graph continuously sowing only withdrawals and not going into a negative is another of those miraculous analyses only glassnode is capable of.


Works fine here, you tried this on a desktop or smartphone?

Well, my first prediction was bearish for the drop or bullish for the total hash rate, or whatever this is perceived so, me being completely wrong on this one would be good for miners.
And as it turns out, from the 7.5% pace is   89.3824% so it just needs another 4% push to enter my usual 200% prediction territory.


I wouldn't bet that much on the electricity increase, Europe and North East Asia which is the most affected had basically zero mining, Russia now has a ton of extra, and the US and Canada are not really that affected after a spike caused by panic and high demand during summer things are looking at around 1 cent per kWh increase in most areas where heavy mining is happening compared to 2021.
https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a
In my opinion, their main problem would be paying for anything as most of them were running on credit, not income, 1 cent will be irrelevant when you don't have the other 4 in the first place, so we might see more bankruptcies because of the credit line rather than the small increase in costs. If they ae pushed out of the game by this a quick jump to 20k would solve their problems.


Hmm, nothing spectacular apart from unknown gaining 3%, nothing threatening Foundry yet.

The website has been transferred to their appointed claim agent,  it's old news and standard procedure as they have filled already for this in court long ago
https://twitter.com/FTX_Official/status/1593317347703590915
The same thing happened to MtGox but in that case, they kept the domain alive and put all the notices on the main page.

But I won't share the pessimism of everyone here, it's not really sure that everything is gone, people said that for MtGox also, and look how it turned out, there might be enough funds left to at least cover a few of the losses, probably nothing close to half of it but at least one quarter, maybe!

$740 million have been recovered, who knows how much there is still hidden in some wallets
https://fortune.com/2022/11/23/ftx-collapse-assets-customers-crypto-bitcoin-ethereum-solana-bitgo/

For Compute North their main problem was (from what I read) that the whole company was running on credit, they basically had nothing, $500m in debt and even selling all the facilities they're expected to raise less than 10% down from their previous claim of 100 million. Also, the whole thing is really messy, a lot of their business was actually hosting for others, like MARA, so if that miner goes into trouble because it was running on credit from Celsius for example, so do they. Half a billion company run with 100k in cash, nice chain of fails, right?

As far as I understand Foundry has bought just the location where they were already mining in partnership with Compute North:


Yeah, 25% in income per block and Bitcoin down to 10k because of the panic over fees and exchange run, a recap of the fork wars when the chain was last attacked, no thanks.
Speaking of panic, I feel tempted to short BTC at the moment of the diff adjustment, I can already see the panic titles, bitcoin hash rate drops by 10%, miners go bankrupt, POW is doomed, etc etc.
60 blocks behind, I'll bet on a 7.5% drop, let's see if I lost my skills or my quartz ball will still miss this by more than 7.5% altogether.

Yeah, in your world maybe, in reality, WTI is at $78 and Brent at $85, as usual!


It's 1.5% in the EU, but don't let details like numbers stand in your way.


"Biggest economist" ?



Don't you dare be optimistic about something, read the mood of the room, we're all doomed!
Actually, that rhymes!  

But it's indeed funny.
In the previous topic, I read everyone was looking at the new generation as people who can't overcome a challenge, who are dependent on their smartphones, the generation that will crumble under an ounce of stress, and look what we have here, almost everyone saying the world is done for, that nothing better will come, that we live in a matrix where we're just at the mercy of the ones controlling it and so on, I can't make head and tails of what's happening here.
On one side we promote independence how the new system will change things, and how problems will be fixed, on the other side, nothing you can do, just crawl under your bed and swipe for the bad news. If the economy recovers and we see inflation back to 1-2%, lower unemployment, and the war will be over I think we need to start having some counseling topics to prevent a few users to commit suicide as they will have a total breakdown seeing another apocalypse failing.

This protocol lacks a lot of details
- cooking time per block
- the size of the steak
- what kind of chain flavors or sauces it supports
- any decentralized grill you recommend
- how many of those did you age in secret before releasing it?

Btw, wasn't it supposed to be Pork of Steak? 

No idea what you're asking here, how many people does it take to keep the coins secure, or how many people are using Coinbase in order for it to have 2 million coins in reserves? But in any case, yeah there are enough!

Anyhow, it has been known for years Coinbase had at least 1 million coins in storage before the last bull run, so two million now with people fleeing from other exchanges might not be impossible. Also, those two million coins are not just coins on the exchange, some of them are from the Coinbase Custody program and that piece of the pie might be the bigger one, it's aimed at investors with big pockets that pay to keep their coins safe!

If I would have told you that SBF is not the JP Morgan he thinks he is, that behind the billions in FTX there are just a couple of millions, that their internal documents were stored on emails, that there is no accounting being done, that nobody knew who really worked there or not,  how would you have reacted when you saw FTX as the everything killer that might take over the world?

If the Madoff scheme was allowed to happen for years, if FTX managed to fool everyone, then what's so special about ARK that it can't be a failure too? Remember that ARK did all the past profits on booming markets, when the shit has finally hit the fan they are losing billions, just like cryptos, and if those can go bankrupt, what's stopping the same from happening here too?

Basically, the whole defense you put for AK is, no this can't be real, cause...I don't want to. 


Guess not:
https://www.nytimes.com/2022/11/22/business/dealbook/genesis-crypto-restructuring-adviser.html
Oh, and they need 2.8 billion just to cover debt at this point.

The gambling board is a spam fest but just look back at how you asked people for help with your problem:


Nearly anyone reading this would identify you losing your money while gambling as the problem that needs to be solved, not how to dodge the fees you're losing in transferring coins and how to avoid withdrawing fees. Common, that board has far more problems than one which could have been easily solved by asking directly the question, not going through really confusing details, you basically locked the topic with the message that would have been the first.

Plenty of them, even here:
Bitcoin Predicted During Pokemon in 1999

Some others try to find the meaning of their own name in the series and go completely overboard
Brock Pierce explains the origins of "Satoshi Nakamoto"


And there is more:

Never underestimate what a bored mind can come up with!


Maybe he was watching Sailor Moon and he was in love with Sailor Victory, so he took the name Nakamoto to act like he was her husband.
Or, he was a fan of Neko x Neko, and this is just a reference, no comment on what that anime is about.

So, let me recap
- you have no idea what the halving is
- you have no idea how mining works
- you have no idea who Satoshi Nakamoto was
- you have an idea who Satushi Nekamo was

Seeing this and your firm belief in free bitcoins, you're the perfect victim for a scam like the one described by the OP.


Mining is not baking cookies that you have to check on them every minute, there are programs and apps with alarms, configurations with triggers for almost every kind of failure, and automatic or notification tasks, you can force reboot on a mine automatically if the hashrate drops, you can shut it down when the temperature reaches x, all automatically without you sleeping like a rabbit in 15-minute intervals.


Let's stop with the exaggerations.
All you need is cheap power and a bit of capital, probably less than 1% of home miners were millionaires when they started mining.

So was Madoff!


Oh yes, we have already the data:

https://www.barrons.com/articles/cathie-wood-ark-innovation-etf-losses-51648812055

Cathie Wood's flagship ARK fund suffers the biggest monthly outflow in nearly a year as performance continues to suffer


And now we know the reason for her aggressive BTC to 1 million calls.
Popcorn time, let's see how much of those previous gains were lies and how much other lies, might add up to 100%, just like Madoff!

Wow, thee must be a lot of LGBT members in Russia based on this assumption



I wonder why here LGBT doesn't matter, of course, there are no such people in the Philippines or Malesia or Vietnam or Sarcasmland.
Let's throw in Mexico or Brazil?
You're going to have a shock once you realize there is different world outside what russiatoday is telling you.


They afford to give birth, but they don't afford to actually grow them and provide the resources for studying and changing their lives, they will live in poverty, sharing the few pennies their parents earn, then marry at your age to split the costs of living then having more kids because that's how they were bought up and so on and on.
The same thing happened in Europe also, my grandparents combined had 21 brothers and sisters, and now only one of all my same-age relatives has 2 kids the rest, just like me have just one.

The focus has shifted from having a large family to supporting each other to having a smaller one that can afford everything without sacrifices.


Oh wait, does this invalidate the other 10 articles you linked about the sky-high unemployment that will follow this "recession", and other predictions? 

FTX was founded in 2019, so it's hardly an old exchange even by bitcoin standards, barely 3 years old and only getting world recognition in the bull run in 2021, when probably all the troubles also started.


Of some?
No, of everyone involved, because what could have been other than greed that made you deposit your tokens on a barely regulated entity with no guarantee other than their word for a 5-15%  APY? Common, honesty time, there are hundreds even now on this forum who despite all the crashes, despite the bolded announcement on top of the page will still deposit their tokens for returns, because an x10 in a few years is not enough, they want another 2x, and they want it now!
This would have not happened if everyone would have played by the first rule, be your own bank, do not trust a wanna-be bank with your coins, worse than actual banks, and for what?
SBF could have been the scammer of all cammers, if none would have trusted him with money he couldn't have scammed anybody!


Or, or, let me voice this outrageous idea...
We could do without every single of those companies that need to be supervised by some entity.

See, simple, it's me and the merchant, the money is in my wallet it goes to the merchant when I buy something, it goes to my friend's wallet when I want to give him money, no ftx, no celsius, no, voyager, no #safu!