....Designing a new ASIC chip, let alone an ASIC miner, will take a team of electrical/electronic/computer/software engineers. I'm thinking at least 5 people in total. It will cost you hundreds of thousands at the lowest.
.... From the discussions about the new intel miner & chips it was in the 8+ figure USD range. So at least $10 million from conception to prototype. And that is from a company that HAD the staff and knowledge on how to do it. Would be interesting to know what it cost some of the original makers of miners in the 2011-12 time-frame vs today. -Dave |
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There are services that are out there that will do as little as sell you lists of locations and rates to others that will integrate with your billing & CRM software and add the appropriate tax to the invoices and then send it to the proper agencies at of the states. It just depends on how much you want to pay for what features.
It's usually worth paying for these accounting platforms, such as Bitwave. I would write a few lines of code to integrate Bitwave with the CRM/ticketing system, Minerstat, mining pool sites, the exchange, and the wallet API for payouts. Not to mention the ERCOT API with Hiveon / BraiinsOS / nvidia-smi for power management. If you sell to someone in many states you have to collect that state & county sales tax, based on their county and remit it to the state. In a lot of locations SAAS is taxable. Hunt around pick an online storage service, not backup just storing data and start entering different locations and see how many charge sales tax. I am not an accountant / tax person / tax lawyer, DYOR and do what you feel comfortable with. -Dave |
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4 pairs - this makes them a collectable, not something anyone would actually wear
(in public). I would say with only 4 pairs available some serious collector would consider
this as a possible investment.
The important question is, in 5, 10 or 20 years when you consider selling them will you
at least get your money back?
It's possible if Bitcoin, the company and athlete behind this snickers become far more popular. But AFAIK Bitrefill and TNSID are small company while many government hostile against Bitcoin, so IMO it's unlikely. Bitrefill is "small" in terms of Apple and Google. But very large in the BTC world: https://www.bitrefill.com/investors/?hl=enSpencer Dinwiddie (TNSID) is big in the NBA, beyond that it's tough to really gauge the size of what he invests in unless he tells people. -Dave |
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Oh, I didn't know Texas is one of the states that taxes cloud hosting.
Texas taxes everything. But also keep in mind, if you sell to people in other states you may or may not have to collect sales tax for those states and pay them. There are services that are out there that will do as little as sell you lists of locations and rates to others that will integrate with your billing & CRM software and add the appropriate tax to the invoices and then send it to the proper agencies at of the states. It just depends on how much you want to pay for what features. -Dave |
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BlueWallet says: "Unsupported lnurl". Phoenix Wallet can't scan the QR-code. Copying it manually shows "legend.lnbits.com returned an error". Muun Wallet says: "Contacting legend.lnbits.com...", followed by "Something went wrong". That's not the best promotion for LN  To continue this test: I just found out that 3 days ago, my BlueWallet received 2 times 2100 sat. So it looks like the failed and "Unsupported lnurl" worked a bit later anyway! I can't check if Muun Wallet received something, because I already deleted it (and the seed phrase too). I assumed a LNURL payment can work only once, but somehow the same QR-code paid me 3 times in total. That seems like a serious bug. I'll donate it back again. It is only a matter of time before someone takes all the coin intended to be offered to MuunWallet users. The process you described already sounds easy to automate at scale, and simply accessing a LNURL is even easier. And I didn't get anything in any of the wallets I tried. I guess either they did some really bad coding, or did not put in enough funds, or??? Either way, does not make them look good. -Dave |
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While that's cool and all, the price tho. I wouldn't even pay 1/10 of that even on a designer sneaker that I absolutely want. Also, this is pretty much just a huge "please $5 wrench attack my ass". Absolutely a huge no no.
Didn't think of the wrench thing, but at that point I don't see it as any different then wearing some other stupid expensive thing. To a certain extent people know you have money if your suit is $7500 your watch is $15000 your shoes are $8000 anyway and so on.... -Dave |
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https://www.bitsneaks.com/Have not seen it mentioned here yet at a quick (mobile) google search did not turn up a thread about them. Silly, pointless and by their own words moronic. And if I had a spare BTC would be in my closet. With that being said, are things like this good for BTC in general or so they seem like cheap marketing stunts. I think in general they are good, but I can really see someone thinking the other way and asking why are cheap marketing stunts needed if BTC so good and useful. -Dave
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Encrypted renamed file works for me. wallet.dat becomes hookernamesandnumbers.txt
Then use any one of many utilities out there to password encrypt the file (that is already password protected right???) and you can store it on any usb drive you want.
*Others have recommended sd cards. I prefer regular USB sticks as just about every PC you can find has a usb port.
-Dave
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His "fast-change.net" exchange is probably fake, too. As I mentioned before, I've never heard of a legit exchange built on WordPress CMS. Well there was one, AllCrypt, but it got hacked about 7 years ago, so well before your time here: https://bitcointalk.org/index.php?topic=992176.msg10787935#msg10787935The post that they made that made me make this post has been removed, their other ones (in the Russian section) are still up. -Dave |
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(I first read "gmaxwell continually posting links to fake wallets", I was afraid  ) For links to fake wallets/sites, it's more a problem for mods. If it's systematic, he deserves a ban. Did you report these posts ? I did report the English one. And replied with the big RED warning for others to see. I did not tag the Russian ones yet. Wanted conformation 1st. -Dave |
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I guess the question is do you really have to use the Muun wallet or will any wallet work?
I didn't check yet, going to later today but was just wondering why that one vs my own running on my own node.
-Dave
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...
that said, certain exchanges that already have the bitlicence love it. because it becomes a barrier of entry for other/new businesses.. meaning less competition. meaning NY customers are forced to use the limited amount of licenced services meaning those licenced companies get a large share of user-base, compared to a free-for-all situation where licences are not required.
yep those exchanges with a bitlicence are few yet they get the benefit of serving majority of NY users without much competition. its why they didnt really push hard to stop or atleast tweak the bitlicence to be less invasive....
True with a BUT. It is less intrusive and has less financial requirements to get a bilecense to operate in NY then it is to get a license to operate a BTAM in some states. That is the catch. NY came out and said it, "If you want to operate here you have to do this" other states whisper it and you don't know about it till it bites you in the ass. As someone pointed out to me, want to operate 5+ BATM in TX. You need to have a net worth of $500k https://www.dob.texas.gov/sites/default/files/files/consumer-information/sm1037.pdfIf you want to operate in NY where there is a lot of money, you have to play by the rules. If you don't want to operate in NY, fine there are 25+ places that can with more coming in: https://www.dfs.ny.gov/apps_and_licensing/virtual_currency_businesses/regulated_entities-Dave |
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lnd question:
Is there a way to see if peers tried to open a channel to you but could not for some reason?
One one of my nodes only have 2 channels opened by others although there are a lot of peers.
-Dave
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Another somewhat random thought is that yes it all comes down to tax revenue in the end as @AicecreaME said. At least here in the US and wherever they are.
As of now PayPal and Venmo the like in the US for the 2022 tax year now have to issue tax documents when you take in more then $600. It used to be $20,000 and 200 transactions.
There have been people screaming all over they will now have to pay income tax and collect sales on their sales.
Uhhhh, that's the law. Just because you have been running your organic honey and craft beer side business out of your garage and an occasionally a farmers market that does not mean you were not supposed to be paying income and collecting sales tax on your sales.
Sorry but as someone who reports everything and probably more then I should it's not my job to support you because you didn't want to report stuff to the government. Be it for privacy or you just didn't want to pay. Part of what the governments are doing and dragging the payment processors along with them is making sure they get their cut. We can argue about taxes all we want, but for the here and now it's the law of the land.
-Dave
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Cryptocurrency payment processors are also sometimes asking for KYC, if they aren't, they can be eventually compelled to do so. Absolutely. Don't even get me started on the clusterfuck that is BitPay. DaveF will tell you how long I can rant about them.  This is why the best solution is for merchants to use their own self hosted processor such as BTCPay. A lot, he can rant a lot. :-) Bit of a ramble, but I also think it comes back a bit to philosophy. I tend to use the "fight the fights you can win" theory when it comes to crypto and IMO @o_e_l_e_o tends towards the "fight the fights that need fighting" I don't like BitPay or any of the other intrusive services. But if I can talk a merchant into taking BTC and they don't want to do it themselves there is a limit to what is out there that does not totally rake you over the coals in terms of rates. So in the end if it's BitPay / Coinbase Commecre / CashApp-Square / or nothing I'll choose to send them to one of those evil KYC places because *I* see it as a win that another merchant takes BTC. Others that fight the fights that need fighting will see it as a loss since privacy just got slammed. We need both types of people IMO. 2 side comments about BitPay. 1) They are now starting to take lightning payments 2) Unless you are doing that 1 large purchase that puts you over their somewhat arbitrary limit, they track by email for total spent. Disposable emails do help that issue a bit. -Dave |
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Drive prices are falling insanely fast even with all the chip shortages and shipping issues all over the world. I just got an 18TB drive (on sale) for $300 1 & 2 TB are under $50.
While I know that may be a lot of money for some people in parts of the world those are new prices. I have seen 1TB used for under $5 in places.
I agree, although it's different case if you need to host full node on remote server. Time to download is probably not as big a concern then people who have bandwidth amount limited plans.
Aside from bandwidth, you also need to consider CPU speed, RAM capacity and HDD speed. HDD speed can be partially solved by moving chainstate directory to SSD or allocate very big RAM to Bitcoin Core (IIRC at least 8GB). Going to have to disagree with you here. With unlimited bandwidth I can sync a node from scratch on an 4GB RPi4 with a 5400 RPM USB drive in under a week. Using an SSD will get that down to 4 days or so. Literally just did both with Umbrel builds. Yes if you need it up now, a week is an intolerably long time. If you just want to run a node, you can start it and walk away and come back next weekend and it should be done. -Dave |
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BTW, we're not helping in solving OP's case  True, but till they come back and give more info there is not a lot that we can do. But to sum up what I see from the OP: When I enter my seed phrase (that came from electrum) So they think they were using electrum. while trying to restore the "next" button is greyed out So either the phrase is wrong OR they were not using electrum. Until more info is given it seems we can't help. -Dave |
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So, storage is probably the biggest concern for Bitcoin self hosted nodes, at least full nodes is that the storage requirements might outpace what general consumers usually have or require. I don't think it'll be an issue for the capability we have in manufacturing larger hard drives, but it'll be what is available to the general consumer at a decent price, which the lesser demand probably means a lot of people could be out priced. Thoughts?
It's valid concern, but IMO time for initial block download (IBD) is bigger concern. I expect some people who interested to run full node discourage time for IBD could take some time. Drive prices are falling insanely fast even with all the chip shortages and shipping issues all over the world. I just got an 18TB drive (on sale) for $300 1 & 2 TB are under $50. While I know that may be a lot of money for some people in parts of the world those are new prices. I have seen 1TB used for under $5 in places. Time to download is probably not as big a concern then people who have bandwidth amount limited plans. Yes with 1meg download speed it can take close to 2 months to download the entire blockchain. BUT if you only have a 100GB max download a month total before extra billing or fees kick in then do you pay more or take 6 months to download? -Dave |
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