I would say who cares, its Free and Open Source Software. Just like TOR, made by the US Navy, or SELinux by the NSA.

I doubt they would be able to justify it unlike the aforementioned projects. Tor was needed for operatives secure communications behind enemy lines, and SELinux to secure computers used by all agencies. What would they justify something like Bitcoin for?

I doubt they are involved, even if the maker (or group) might actually work for any of them. Cypherpunks are actually associated with the NSA, even if they deny it some of the best cryptographers are in there (the NSA) and they often recruit brilliant people.

In any case it doesn't matter. You have the source, if you suspect something, audit it.

You need 200~250v check the amp rating of the units you intend to use, and make sure things do not exceed 80% capacity.

Most Asic miners (except Canaan until recently) come bundled with their own computer controller attached, they do not need a PC or raspi. The controllers are usually simple ARM cpus with Linux running cgminer or variant of with a web ui.

I don't know about trusting others with your mining equipment, especially when you already have a good place.

Each S9 is said to need 250CFM, make sure you move enough air for all of them. Cooling is unnecessary, but its nice if you can filter the dust from the air to lower maintenance needs. Humidity should be above 20% and below 70%, ambient temperature 0°C to 40°C iirc.

MicroBT's Whatsminer M20 is not so power hungry and is very efficient, the monster would the the M20S, but i think the M20 is better for ease of use and install. Note that the M20S is physically larger and heavier as well. BTW those probably need more CFM each per unit...

You can control the LED lights with BraiinsOS, or force them to blink or not to identify units.

Do you have this problem in all 77 units? If not, i doubt its a problem with your LAN. Unless you have badly made cable or have a switch issue that involves that specific group of miners.

Do test without any LPM modes enabled, and with another pool.

A single S9 needs like 1KB/sec, so 1mbps should suffice for 125 units...

Why don't you ask in the S17 thread? This thread is a bit too obscure to ask about the S17 firmware don't you think?

It is probably faster than human computation, but not by much. Add that these 8 bit computers often had 48k of ram at most, and serial links of maybe 9600 bps (tho i bet someone made some Ethernet card for it).

I can think of several more suitable uses for it. I know someone in youtube uses one as terminal emulator.

Sure its cpu is about the same thing on the nes, if you can compute blocks with it, you could theoretically do that there as well. These things are many orders of magnitude slower than current cpus, and cpu mining is considered absolutely useless, so you can imagine the point of computing a block with these.

But for fun, getting the hash rate, as in, how long it takes to compute 1 hash, would be something funny to note. Wait to discover a block? not worth it.

I think a human used to take about 3 days to get 1 hash done, but that was before with much lower difficulty.

I don't know about the Tron project, but what was the "bold" statement? Why can't you bring a quote of it so that there is no need to visit an external site for discussion?

So I'll have to spend more of my metered bandwidth thanks to you to bring it here...


The saddest thing is that this "article" is about comments on a discussion hosted elsewhere...

And this is a "bold" statement? Actually seems to be another Libra fanboy comment (there were several identical ones on this very forum). But no, i don't think Libra is that relevant, but the discussion it brought to some spaces is good.

I don't know if Zuckerberg has the money and intention to lobby his coin in congress. The (true) American way, is, fill with money the pockets of enough politicians (aka. Lobby) and hope the opposing lobby(ies) don't have more money than him so it doesn't get opposed on the floor. That's the only way his coin could survive (in America).

Well "blockchain's" future is already bright without Libra or Tron for that matter, even the banks are happily using it for various things. A distributed, secure ledger, as they say, just has too many applications. I guess Tron wants their blockchain to be used more, so that would explain that comment.

The answer to your question is easy: Soon. Everyday this gets closer. Why? Because mining is becoming unprofitable at any electricity price. You will see this unfold in the next decade or so. As both asics become efficient and mining rewards lowers down the drain, most miners, especially the big ones will leave.

What these guys doing these charts never consider is how mining has slowly becoming more and more unprofitable, you you need to spend more and more to mine and those others doing the same lower the profitability overall. There is something like a worldwide cap that is about to be reached.

Bitcoin price will NOT compensate for mining at the same rate, the rate at which mining has expanded is different to the bitcoin price curve, compare both and you'll get the answer. Bitcoin price increases will slow down more and more, while mining profitability slows down more and more, faster than what the bitcoin price is.

As an Austrian school economist would say: The best thing to do, is do nothing. It IS fixing itself by the market. The time for mining is ending, even if a couple of Asic generation come it is getting to the point where nobody will buy them anymore. This market will contract so much that, if the likes of Bitmain are unprepared, they might as well close doors.

While certain other altcoin wants to do this by force, it is naturally occurring to Bitcoin. Just wait.

Basically this. The people trusts Bitcoin, the others? Not so much. That is reflected in the market value. Bitcoin did things good enough for most people, while most others always sacrifice something, often decentralization which makes any alternative coin worthless.

Authorities from hostile (anti Bitcoin) countries need to match addresses with IPs, that is why Tor is very useful, especially when you use it with your Bitcoin wallet. But the true strength is when you use Tor's own "Hidden services", which is what the DEX Bisq does, or anyone wanting to host a more anonymous service should (ie. a .onion address).

If you DO use Tor with your Bitcoin wallet, and always use an address once and only once per transaction, you should be pretty much safe. Do you know there are Electrum servers running as hidden services in Tor?

Chinese code? I don't think you should be opening PDFs with text editors...

What makes you think you only need to have 1 paper? You can copy that paper (with your own hands) and spread them to different secure locations. You can even create your own secret method to restore the order of the words, and yes you can custom those words all you want or even steno-graph them somewhere...

I don't like brain anything, and email is just begging for trouble.

I'd keep the cold wallet (with paper seed words) for the savings, and the hardware wallet for the small change (daily use), if you'd rather not use a computer or phone app wallet.

But what is the extent of the possible bitcoin ban in India? Does it include mining? or simply bringing coins? Have You considered the other asic miners? Given your borderline electricity price you want the most efficient unit, not necessarily the one with the biggest TH/s (in fact always divide watts with TH to get the most efficient one).

If you do this math for this unit it gives 64, which is a tad higher than other units. take a look at the M20 and S17, seek the most efficient miner even if it means running at half hashrate.

Perhaps setting your miner in a different country with cheaper electricity would be more wise.

You could try plugging only that board. Then keep switching data and power cables, with only that board plugged in. If it never comes up, i think you should contact Bitmain for warranty.

Of course don't just observe the light but look at its web mining status page to see if it comes online or not...

Its strange that you say "growing" when you already know it made it first and its the altcoins that have been unable to grow as much. If by "crypto space" you mean the altcoins, yes, it does not speak well for them. None managed to catch the market enough to challenge bitcoin, it remains the king unchallenged.

There is going to be an uptrend tendency towards the halving, and that is long known. No need to be a genius or anything. And after the halved production of bitcoins the price is going to be affected, and some calming will undo any excessive "pump" made during that time, which might take it too low and correct back up again, always seeking its true price which should be going up slowly but steady against everyone else that has infinite supply.

And a year later that "500$" would be worth 2000$ if you kept it instead of using it all. Its a deflationary coin, people will learn that keeping it as long as they can is for their best benefit.

This will take time, as people have been brainwashed by the dominant economists that spending and getting in debt is better than saving for the future...

Bitcoin is not volatile, its value has been growing steady over a decade. Zoom out that chart and take a look, think how much it might get the next 10 years. I think something in-between 10k and 50k. It has to (and is) slow(ing) down, but it will never go flat, because fiat is losing value by human choice.

The fluctuation is a natural result of the free market, but in the end it always finds its true price. Again, zoom out. Its impressive that a bitcoin is already worth 10k USD, so much for "imaginary" money... But why the markets trust it? The answers are in this forum...

Well i do have a lots of criticism to make of this, on various aspects. First i don't see the need to take this to "100 years", only to do it again. Yes by the year 2140 is expected for the last bitcoin to come, but by then or in fact several years before that (like a hundred lol), bitcoin production will be so slow most people would have forgot you could still mine it. Someone mentioned Dogecoin, and that is a good example. Its unlimited, and almost no one mines it, but you still can. Of course its absolutely worthless and you would lose more which is why almost no one bothers (it gets a bit of free hashrate from mixed mining). Bitcoin is going to reach a similar stage, far before the last coin is minted. By the year 2040, or 2090 at most.

Going from 21 million to 42 million doesn't really make much difference, even if most of the coins get lost. Unless you want to answer the ultimate question, but there is some other altcoin names like that... Before you think 21 million bitcoin is too little, try to count that in satoshis. 100 million satoshis make 1 bitcoin, i think even one bitcoin is plenty to go around... It would not get consensus as you naively think, and its not worth forking for that.

Also in the event of a catastrophic drop of hashrate, your little cpu could mine again. Sure, someone would need to update cgminer or an alternative...

Satellites, need fuel to stay in place. They might last long, but not as long as you think. Typical communication geostationary satellites need replacing every 10 years or so because of that (and yeah, they also get bombarded by the Sun's radiation from time to time). Satellites aren't very long lasting, a good LED light can probably outlast a satellite, unless a major discovery in propulsion is made that doesn't use any kind of "thing that runs out" (ie, that infamous EM drive).

Perhaps i would use something on the moon, or Lagrange point. Yeah, its not impossible to think somebody will be able to land the equivalent of a satellite on the moon surface and let it operate from there (The Israelis almost made it, but i guess they had a technical glitch and kinda couldn't stop properly...) I'm sure someone could just put a node with some little hashrate on the surface on the moon, same way they are doing with satellites. It is very unlikely hashrate will ever drop to zero, unless its something that wipes the human race...

Mr Trump would like a new golf course and hotel in exotic places, so this would fit point 3. Also with weather patterns changing, Greenland might actually become green (rather than white) so its like a long term investment. Perhaps it would become associated state like Puerto Rico, no voting in congress.

Exactly this. I wrote at length at the off-topic section of this very same issue. Brazil has had this policy for a century or more. Brasilia itself is part of this policy, to populate the jungle. And those that go there deforest to farm and build homes. The soil from a jungle is very poor for farming and becomes useless after a few years (3 or so), so then they abandon that patch and burn another one to plant their crops again, so they keep eating little by little but in parallel the whole thing that took mother nature thousands of years to make.

Bolsonaro should point the finger to himself first, and his country. Brazil, unlike her neighbors, has long term State policies that are executed even when the administration changes. And he isn't saying a word about abandoning the area to let nature reclaim it, quite the opposite in fact...

Again, century old policy, there were people warning about this for decades. If the powers of the world feel threatened, go send an UN force and take the land. The corrupt countries that control the Amazon jungle aren't going to do a thing, even if you send them money, it will be all wasted or lost in corruption.

The only ones that have something to lose from this are the Americans. The Chinese have the entire world left to trade their goods with...

Perhaps a contracted economy will be the only result, and perhaps voters would know better next time. But if they don't after 4 more years its over and gone. Wish other countries had this escape route...