And this is how you develop a country. Not only he got rid of criminals, and adopted Bitcoin, now he incentivizes the technology sector. This country is clearly destined to become technology hub.

If you are a tech company, why would you not move your HQ there? I'm sure more than one will, to Bitcoin City, of course.


Nobody is saying the State is good, but this guy is taking measures to have the State get out of the way. Won't you welcome less taxes? I sure would, and State less money?

As for sustainability, he seems to aim for a VAT only system. As long as you keep some form of State, i guess its inevitable. But less and less State is the way, after solving the major issues, of course. Criminality is no joke, he did the right thing.

Yes, a bit after that post, the spam increased:



Since the beginning we have been warning that leaving this abuse/exploit alone and do nothing can only lead to a repeat of 2018 or worse... But they don't listen. Worse, certain self proclaimed miner with an elite attitude ridicule us in the dev discussion thread.

Why? because they know spamming works, it makes them money, so they will push it. More spam, less and slower actual transactions, the spam must go on, they don't want bitcoin, but bitasset, and help promote their altcoin which the leading spam pool is spearheading, yadda yadda.

They simply found a sustainable way to damage Bitcoin and are executing it.
And of course, other spammers are joining, they want a cut of the pie too...

As you can see, those politicians in Central Africa don't know what they are doing. You can now scratch out that country, they never understood Bitcoin and did not have the understanding of what it truly means.

Bukele knows, its not like some guys pushing/lobbying him like the typical politician/party, no, he does know which is why he is not the typical newbie that runs scared when a little price correction occurs or the ridiculous things fiat/altcoin FUDsters keep spreading around. The fact that Central Africa wasn't pro Bitcoin but "crypto", signaled their weak understanding, and now they backed out. Fools.

And yes, that is also why others don't adopt it as quickly, same reason. It may even be a generational problem, old guys with their stubborn old ways.
Oh and didn't you notice not all companies that deal with Bitcoin are truly Bitcoin focused but flirt with "other" things? Same problem.

Es que no es la primera vez que pasa esto, el propio gobierno los termina acusando pero solo luego de que hacen algo que les afecte directamente a ellos, de resto miran para otro lado...

¿Que puedes esperar si esta es la institución que ellos impusieron para "legalizar" la minería? ¿Que minero se va instalar sin tener fuerte "cooperación" con estos funcionarios?

Antes de que existiera Sunacrip la minería no era ilegal, simplemente no estaba regulada así que se regía por las mismas normas que un data center cualquiera podía montar. No hacía falta mas nada, estos inventos solo traen mas y mas corrupción, como este y otros casos nos tienen años demostrando.

Entonces aquellos que "cooperaron" con estos de Sunacrip, y lograron "legalizarse" cuando a otros les hacen esperar un año (o nunca), ¿serán investigados o "cooperaran" con la nueva junta re-estructuradora? Porque esa es la otra parte, frecuentemente sale un corrupto y entra otro, es así, seguridad jurídica cero.

La Sunacrip que acaban de cerrar, viene luego de un grupo anterior que con los rusos hicieron el "Petro" (por eso tiene el logo del rublo), y también fueron removidos, acusados de corrupción, traición a la patria, blah, blah. Y aquí está de nuevo, lo mismo, de hecho peor según el propio Maduro se "extraviaron" 3mil millones de dólares. Y todo este tiempo con su funcionario de "Absoluta confianza" ¿no se dio cuenta hasta que fue a pagar algo y no pudo?

¿Cuantos otros casos han pasado o faltan por pasar? El problema es sistémico, el sistema socialista que impusieron que simplemente es mas y mas Estado y por lo tanto mas y mas corrupción e injusticia.

Vean El Salvador, no mas maras (malandros/pranes/trenes) y Bitcoin, nada de Petro/CBDCs (Justicia y Economía).
El resto es mas de lo mismo. ¿Quien se arriesga a invertir en este desastre? por eso la economía no levanta.

4 sat/b is currently the bottom for transactions and what used to take 1 now takes 10 just like the thread title says. And yeah there is a pool involved in the spam. Will others join the spam fest to make Bitcoin look bad and promote their tokens alt networks as the "solution"? Mine for spam?

Así es, el señor encargado nada mas y nada menos de todo lo "cripto" luego de años en el cargo aparece detenido por "actos de corrupción", y la institución afectada "Sunacrip" está en "restructuración" que dicen podría tardar medio año o mas... Inmediatamente se cayó la piltrafa esa del Petro, que como advertimos desde el principio no servía para nada ya que es el extremo de la centralización nunca liberaron el código fuente violando la ley de infogobierno que el propio partido de poder aprobó, etc. Y como todo lo centralizado tumbar un solo servidor acabó por completo con la primera CBDC que en toda su historia no ha tenido aceptación en ninguna parte. Un fracaso rotundo y absoluto, manejado por esta gente que ahora está detenida sin posibilidad de juicio imparcial, sencillamente serán arrojados al calabozo y pasarán años sin saberse nada de nada.

Lo que suele pasar es que los mas cercanos a estos funcionarios también reciben lo suyo, posiblemente algún minero de esos grandes, ya veremos...

No es la primera vez que se detienen funcionarios así luego de años en el cargo y de "absoluta" confianza para el gobierno central. De hecho es costumbre ver eso cada cierto tiempo, así que los funcionarios que hoy son de confianza, en unos años son detenidos.

La acusación del gobierno contra su propio funcionario que estuvo dirigiendo todos lo de "criptoactivos" desde 2018, es que pagos por la venta de petroleo equivalentes a 3mil millones de dólares se han "extraviado". ¿Y solo ahora es que lo vienen a notar?

Acá hay varias notas de Criptonoticias si quieren ponerse a leer:

https://www.criptonoticias.com/comunidad/autoridades-detienen-superintendente-de-criptoactivos-venezuela/
https://www.criptonoticias.com/comunidad/venezuela-reestructura-la-sunacrip-tras-la-salida-de-joselit-ramirez/
https://www.criptonoticias.com/judicial/estas-son-teorias-arresto-joselit-ramirez-exjefe-sunacrip-venezuela/
https://www.criptonoticias.com/comunidad/maduro-mafias-incrustaron-superintendencia-criptoactivos/

Entre mas Estado, peor.

No, i collect them myself from people willing to share their results.

I am currently waiting for 23.02 results since the tuner and hardware support has vastly improved.

If you want to provide your own results, send me a dm with: Miner model, Real Hashrate, watts measured at the wall, chip temperature (Tuner Status: Stable)
I'm always sharing this file in our telegram group.

Your questions are basically answered this way: It depends on your own miner and conditions. We don't take shortcuts, pre-made profiles can only provide average results at best. True autotuning will find the best result within the target you specify for your own miner in your own place at any given time, and now without hashboard restarts or significant loss of hashrate during tuning.

Even better efficiency is observed using a lower power target and while having constant chip temperature of about 60°C or less.

If you read my previous messages in this thread, you can find out the best previous results. Miners with the highest factory rating tend to be more efficient.

For example I have an old result from a jpro 92T doing 22.1J at 74TH 40°C. Same miner did 29.5J at 110TH 69°C. Does it mean yours will do the same? Not necessarily, again it truly depends in your actual chips, the so called "silicon lottery" put in your hashboards by the manufacturer.

Only Braiins OS+ finds and achieves the very best your own miner can achieve, accept no imitations.

Price predictions are silly. Can it happen? Sure, but not necessarily when you want or when you expect it.

Suppose the US gov can't stop the panic and half the banking system collapses, Biden will probably turn on the printer (or digitally with their new CBDC) to aid the banks at the expense of yet more inflation, so by the USD losing value it can reach 1M which could have the same purchasing power of say, current 30k.

And i have experienced that at least 3 times in my lifetime with my local fiat (which can disappear for all i care), so really the word "million" doesn't mean anything, its just some minor annoyance and prices simply don't mean much anyway. The only problem is people keeping savings in fiat, they will lose their wealth, because that's what its designed for: Don't save, invest or lend to others is what they want you to do with it... (a bank deposit in reality is you lending your money to them).

Enter Bitcoin, you need to read Austrian school of economy to understand how it all fits together.

If they manage to stop the panic, does it mean it will never hit 1M? In my opinion, it will just take more time. Two facts: USD emission is infinite, BTC is not.

Ordinals is not the only spammer, there have been at least two more publicly jumping in; so its best to ask about spam for or against. Do you like spam in your email? Same thing.

Currently not, but be aware of future releases. If the miner is working with factory firmware, its best to not update it. Yes, a future update could potentially lock them again.

The current public release has micro sd images for Zynq and BeagleBone. They run directly from the sd card, nothing is ever written to the nand or eeprom. Insert the card and it runs Braiins OS, remove the card and it boots factory firmware.

¿Renuncia al escaño pero mantiene la militancia? Pensé que se uniría al partido Bitcoin.

The value of things is subjective (according to each person feelings), it changes with time (needs) and space (location); never static. Cost to make, doesn't matter, time to make, doesn't matter. There is no intrinsic value.

This is one of the fundamentals from the Austrian School of Economy.

Yes.

It is because the hashboards each get 1/3 of the value. So 900/3*2=600.
Innosilicon not at this point.

Me parece mucho mas relevante el partido de Bukele Nuevas Ideas que la tragedia venezolana que se atornilló al poder para salir nunca mas. Un resultado neto que jamas vimos en Venezuela: Acabar la criminalidad (mas de 300 días sin muertes violentas, imposible en la Venezuela de hoy) y levantar la economía gracias a la adopción de Bitcoin y su deslinde de los tiránicos organismos financieros internacionales.

Justicia y Economía, tenemos 2 décadas planteando ese problema acá, pero a nadie de los que gobierna le importa, solo seguir en la silla a como de lugar.

Cuando vi a los socialistas de países vecinos quejarse de los "derechos humanos" (de los delincuentes) me recordé el caso Fujimori. Ah este SI está haciendo algo para terminar con el tema. Ya quisieramos eso acá... Nada prospera con delincuentes, malandros, pranes y trenes. NADA. Mano dura les puso a las maras y ahora pueden ir inversionistas y turistas, encima usando bitcoin.

Mientras tanto por acá les dan "zonas de paz" y pobrecitos son "victimas" del sistema, pero que importan sus victimas diarias... Claro todo en la mentira de que esos delincuentes los van a defender en caso de una salida violenta del poder... Como un pacto entre bandas. ¿Quien se va confiar de un gobierno así? Solo el que negocie algo jugoso para ellos, y aun así se han visto casos de que no les cumplen y traicionan.

Credibilidad cero.

Actually if it happens slow enough (Bitcoin adoption, that is) it does give them time to shrink. So at the very least, there are too many banks and naturally many will have to go since the era has changed, its not the rule of fiat anymore.

But if it happens product of some panic event, yeah many can go bankrupt at the same time overwhelming the capacity of the higher institutions to aid. Of course they will want the all mighty State to help, so you may end paying with your taxes (again) to keep the scheme running for a bit longer...

If you check the history of banks and specially modern banks, you know its all designed for this. Since the legalization of fractional reserve (which until the 19th century was illegal), institutions were made to give the ponzi scheme better footing.

If the scheme fails in your branch, because people learned about it, a higher institution should exist where they can ask loans to keep the scheme going on. The Central Bank is meant to aid those banks, so in theory a bankrun should not affect a whole country. But said Central Bank also practices fractional reserve so, those guys formed the IMF and World Bank just in case with the capacity to aid those central banks.

It was never about deposits. People should be aware of the danger of giving money to a bank, it is a loan, they only promise to pay it back when you want to withdraw.

Just like any other scheme, when the people learn the truth and want out, it collapses. Imagine if your usual multi-level ponzi schemer had State backing, that's what banks are.

The idea that a bank would just custody your money (for a fee), was pretty much abolished more than a century ago. Now they even pay you because they need the reserve which brings them a potential 10x increase in phantom money, aka credit expansion etc.

Whats worse? Yes, exchanges are doing this as well... And "stable" tokens. Ponzi backed on ponzi backed on ponzi.

Basically sourcing the fuel (the Uranium mining), transport, processing (enrichment) and later disposal is problematic. Of course there are also accidents and disasters, like Chernobyl, 3 mile island, Fukushima... They are rare, yes, but when they do occur, those areas tend to remain devastated and desolate (radiation half life, isn't a meme game).

Don't forget there is a bunch of ships floating around with such reactors, even if you don't see them much, there are plenty of them moving around the globe.

While most of the waste is kept underground, there are chances to use this as fuel for "breeder reactors" as well, so hopefully that stuff won't remain forever buried and can be consumed so it doesn't pose a danger either in the future.

Of course humanity is longing for fusion power, like that ignition event that was demonstrated with lasers not long ago, which is the same that floating thing we call "The Sun" does with gravity from being massive and all...

About distance to generation, that is true. A long high voltage line can easily lose about 20% just from the transportation. NIMBY means more waste in those lines. But this is not a problem for Bitcoin mining which can go to the generation itself.

You can actually get the seeds for free from the other trees and keep planting regardless...