Bruh, 5 years around here and you still think a sha256 ASIC could just mine scrypt just like that? ASICs are not GPUs, if you can't mine bitcoin or the two lame shitcoins cash and sv then there is nothing left to mine with them, recycling is the only thing they are good for! Look what happened after ETh went POS, all those video cards are almost losing money while mining, the same will happen here, instead of 7 cents per th/s a day you will be making 0.07 cents! as in $0.0007.

The dream is near the end, California has stopped being the land of the promise and it's starting to turn more and more into a mess of capitalism socialism and even communism with the cheery on top being that they are only taking the worse part from everything.

The whole dream about building a utopia, like the one with green energy that has led California to have both the highest prices and the most black-outs, the ban of gas cars, and then the announcement to not load your electric car as you stress the grid, the taxes that are driving the same companies away to, ironically Texas, idiotic laws to preserve cities like they are museums driving up prices for homes, driving up rents, turning people into homeless and the ending up destroying the same city center you wanted to protect and eradicating every business there because of crime. And god, how many more!!!


Let's bring back switchboard operators, lamplighters, bowling pin setters, and all the others!
Because that's what we need, to have thousands of people doing what can be done by a single person, and of course, everyone is willing to pay those 1000x extra wages out of their own pocket.

Yeah, yeah, what has NATO sent to Ukraine? 20 PHZ2000 and 18 Himars? Out of 350 and one thousand? 100 field guns out of thousands?
Zero tanks out of god know how many, zero planes out of 12 000?

You're thinking that a military budget that just in case the US is half the size of the entire GDP if Russia will be unable to cover the losses?
Get your head out of Russian propaganda, it's not a nice place to be in!


You know which is the only capital of the world that is situated 50 meters below sea level? It's Moskva! 


Pelosi visited Armenia, not Azerbaijan, at least get the sides of the conflict right!

People should think first about the most important thing, what has China to gain from invading Taiwan?
Almost zero, if you think of chip manufacturers, then a small surprise for you, both TSMC and Samsung depend on ASML for their process, which is a dutch company. No ASML, no lithography no chips. 

They will get a few bombed plants, 20 million people that will hate them forever, and lose 70% of their export market, for, what?

0.1 acres is 0.04 ha, best two-season production is around 7 tons of rice per ha, with 0.1 acres you will get 280 kilos of rice a year, or 56 kilos of rice per family member, so even all of it used won't satisfy your needs, livestock has no way to compete on used land with rice or other grains so it would be been less possible to live on it.
Redo the numbers!


You forgot the part where the math is completely wrong!
Self-reliance is just a dream, impossible to realize in today's world.
Even with the completely bogus numbers or 1000 sqm being enough you would still need cities like for example Tokyo to grow 10 times in size just so that everyone could have its small garden, how do you think it will look like, not even mentioning that those gardens will displace some other millions who will also need a new home and a  new garden? In countries like Belgium, Japan, or Vietnam you would cover 1/3 of the whole country with small farms, do you think it's still such a great idea?

When the price was 60k, a s19 was 10k , a cool 100$ per TH/s, right now you can buy the pro for 19$/Th/s with next day delivery.
Back in April, you couldn't attack the network because there was no gear to buy, right now you have tons of both older gear that is not feasible to mine with and tons of new gear that isn't being bought and tons of orders getting canceled so you have that one click away.

So it's not about how big the hashrate is, it's about how much it will cost an attacker to take over it, no entity is really feeling threatened by a system with the marketcap the size of Nvidia and with 200k daily transactions, when it reaches 10x times that, do you think $20millions a day will be enough to repel an attack?


It's all good on paper, and of course, almost everyone here (except for franky1) would use it, but you think the average Joe who is angry at banks for taking him 1$ a month for card maintenance will be the one opening and closing channels like that? Make it ten cents and then we talk  


Of course, we need more adoption, we need more spending we need usage, not fancy bitcoin towns, laser eyes, and Vulcano bonds, but all those memes about holding two satoshi cause in 20 years you're going to buy an island with it are definitely hurting actual usage.
Fortunately enough there is an almost certain failed experiment happening right now with ETH and I'm pretty sure in a few years we will have plenty to learn from what happens when people just store money in order to get more money out of thin air without doing a thing.

If you pay 2$ for opening a channel and we balance the block perfectly and we forget about closing the channel completely you will still only be able to cram in only $8000 worth of fees, so yeah, for you it will definitely work but the miners will have to deal with a reward of just $8000.

From a miner's point of view, sat/b doesn't matter, what matter is the pot, if bitcoin reaches 100k or 1 million I don't see users suddenly paying 10x times more just because of that, the overall fees that people are willing to pay must be enough to compensate for the diminishing reward, and there is no way to force them to pay that much if they don't want.

Two different things, how much is one user willing to pay on tx, and how much is required in fees to keep at least the same level of security as now!


More concerning it that we're nowhere near having full blocks actually as on-chain transactions are going down rather than up for the last few years.

You've got to be s***! 
Somebody actually put a 200l barrel of water on the roof and let it flow to generate enough power for like what, 3 hours of using your smartphone? Unless you're owning a skyscraper and you somehow manage to put a hundred-ton reservoir on top of it I won't see how you would manage to store energy to last you a few days.

No, just no! You're better of going into the field and getting grass to feed a couple of dozen hamsters to power your grid than this.
I wonder how much this whole setup was worth in used lithium batteries, I have a feeling he overpaid 10x times.


I see another kind of bear on the horizon:

 

Before thinking of the price that would be required, think of the first part mentioned, transactions cost would have to be ~$125k, if we take the last full block, 754925 has 1,492 transactions, so that would be around 83$ per tx, who do you think is going to pay that amount? People who move millions, yea, but nobody is going to pay even a $500 yearly subscription at these levels.

It's the opposite way, it's not like fees will have! to compensate for the reward, it will be how much people will want to pay in fees and from this, we will find out how much of the block reward will be replaced by those fees.  For a brief period in 2021 the average fee went to 60 with the network clogged completely, this won't last for more than a month simply nobody is going to pay those forevers, there won't be any constant pressure to pay that much, they will simply abandon transacting alltoghehter.


But you will still need to pay on average 1$ for each coffee purchase to conitribute enough to the network.
So you either lock in 1000 coffee purchases or we, hmm, how do I say this, we increase the number of possible transactions in a block, by increasing something... something.. not width, not length, but , maybe size? 

As I said before if I give you the data you start saying it's not what you have asked, the numbers don't match, it's not real.


Of course, because that's your purpose here, everything you have done on this forum from the very first post was anti-pow propaganda and nothing else other that a bit of shitcoin shilling.


Yeah, if you're completely illiterate and you don't understand two lines of text you might understand that, if you would spend two seconds actually trying to grasp what's written you would have understood that the energy is bought in bulk, there is no meter for the miners or individual bills for the grain mill or for the wood chipper, for the door bell or anything like that, I host them on that location and that's it, the 7c was the end price of the entire business.
Too hard for you?

His first post (now deleted)

https://ninjastic.space/post/1801784



I don't know where the change occurred but if it did in 2015 then it means that all the ratings he received are from the actual owner and not inherited from the former one.

Yeah, you don't believe me unless I give you numbers when I will give numbers you will say those are fake, when I print you the bills and sign your addresses you will say those are photoshopped and that is not my address, even if I show you the privkeys you will say it's not my somebody lent it to me, right?
Unlike you, somebody who is clearly here with an agenda against something I have nothing, really nothing to gain with lying.

Price per kWh quoted here, 7 cents at max, day of the purchase of the first batch here a year and 5 months ago, since those are s19 you can obviously to the profitability math for yourself.


I've done accounting for a business for 10 years, something way more complicated than inserting some cost and income, stop discussing what you think a person is doing and focus on reality, if you are again here just to troll you will simply start starving to death as everyone will put you on ignore.

I am not promoting my case, I'm telling you I can mine and I can still make a profit without 3000 ASICs, and I'm not the only guy on this board not having that many and still mining. If I would be losing money on it I would definitely turn it off as it makes no sense continuing, but as you can obviously see from the hashrate, mining is still profitable, despite the price going down the hashrate is still up, so,what more do you want?


Are you serious? No, not joking, are u serious?
Even for a complete anti-pow person like you, this is really searching for some more straws to grasp on.


Since I bought the gear it has always run on a profit,  starting at the same time, the value of my coins in $ terms has almost gone down by 2/3, and as you have probably realized, mining can be profitable even when holding is taking losses.


It's still the same thing, I'm quoting online calculators here so it might be a bit of up or down but with a 3090 at 3cents/kwh you're making 44 cents a day with the most profitable coin, you're way better just dumping the damn GPU and buying BTC directly rather than getting one satoshi every hour with it.


And what have you found out looking at graphics card cost?  

Nope, my case for example.


Nope, see Mikey's case!


Not necessarily, my case again.


That's for every single activity out there, people are not growing tomatoes in greenhouses in the artic or in the mountains, you don't have steel mills in Manhattan, nor are most ice cream factories situated in Tamanrasset.  


Maybe you haven't read the news, profitable coins have gone extinct since the asteroid merge hit.

Hmm, and where did you get that data from?
Census 2022: Ireland's population hits record levels

Maybe they are searching for more workers because they don't have any more resources to fuel growth in the country as it has also hit record employment levels?
Employment Rate in Ireland increased to 73.50 percent in the second quarter of 2022 from 72.80 percent in the first quarter of 2022
https://tradingeconomics.com/ireland/employment-rate

Anyhow, I'm starting to understand why some many cheers on this Utopia UBI, most of them are the ones that have stored a few satoshis in a wallet and think in 10 years will be richer than everyone by doing nothing, no wonder this topic has attracted so many cheers from them.


No way, it;'s far easier than that, you just have to print money and give it away.
Problem .... solved...

And at one point down the line somebody makes more profit, right?
Cause if somebody charges you extra for the wheat but his costs are covering the differences from last year then the ones that put this cost pressure onto him are the ones changing more, so is it the fertilizer plant, but no, these also have just pushed the cost, is it the energy provider, no they have just pushed the cost from gas, is it gas more expensive, yeah it is, so because...the earth is charging more?  

Remember the wood crisis last year? What was then more expensive, of course not the trees themselves demanded more money, oil and gas were at ridiculous levels, so obviously the costs were the same or even lower than last year, so where did the extra money go to? Not in the pocket of the one selling it three times the real price as there was demand but no offer?


Just explained it above, now your turn to actually make an argument rather than lolling.
Btw, do you even have a  clue of the structure price and what the expenses that make the final price for apples are?

Because banks actually do the verification of the numbers on that ID and they have the network in place to do it.
The moment you go to a bank and present a fake ID you can be sure that you're going to get in trouble, we have updated our system for example last year, it takes only 10 minutes from the moment a bank operator to nserts your ID details and they know already who is in front of them, how much he makes, what's his real updated address with the authorities that might not be on older ID cars and your banking history, besides banks have the possibility of scanning your actual ID, not a photo.

Using a fake ID in a bank will land you up to 5 years in jail, how much are you risking by sending a shady online casino a fake picture? 


No surprise, after all the major flaw in this garbage is that you can't verify the authenticity of the document in the picture, even if it bypasses the criteria it still might be bogus information. Banking account verification are probably the easiest, just as how 1$ temporary card charges to prove you own it, combine that with the security implemented by banks for 2FPA authorizations and you can trim down the mountain.

But no casino will go this way as they want to stay away from banks and police and other authorities themselves.
 

Without acting like a drama queen, the chances are close to zero.
Those tariffs were put in place in October last year so obviously, that's a huge change and there is actual talk of decreasing the value of cogeneration certificates so it's all going probably to end by middle January. But, I'm not that concerned, I will drop the gear, put the money in BTC I bought it while BTC was 2.2 higher, it has done its work, I'm not at a loss, it was fun. All the money will go back in BTC if it does skyrockets to make me feel bad for quitting mining so will the value of the coins.


Not really that bad but close to, but it's still 40% with half gas and half coal, so yeah, it will suck, probably take two-three years to completely balance everything, a real pain in the ass after two years of lockdowns and covid.

As for Compass mining, this is the third or fourth major screw-up, I remember the Russian gear stuff, the other shutdown for an unpaid bill, was something else? Clearly, not your keys not your coins, not your gear, your headaches.
But found something interesting from them:
https://twitter.com/cazenove_uk/status/1569305255417987078



That's were 35Exa are!

Exactly, why not add price, Th/$, J/T , availability of the gear, and so on?

And why the hell would the S19 (95Th) be ranked number one right now?

Viabtc has a $ 0.075 per Th/s, the gear will earn you $7.12 while burning 78 kWh with no loss or fluctuation or cooling, at 9cents per kWh you're just running it at zero profit, at 3 cents you're looking at 5$. Why would this 34.5J/T be ranked first?

All these will stop and never be mentioned again, UBI was a failure and no leftist will be recognized this failure wherever it was tried, they've tried spinning the result in any possible way, like counting those that sought to be employed as numbers that would mean anything.

Finland is the greatest example, they started this in 2017 and killed it in 2019 since it was just money thrown away and nobody actually did something to improve their status, nearly all of them ended up unemployed for real. The actual results were so bad that Finland got the opposite way altogether after this:


UBI is just a utopia that as any utopia will never work, and if does for 1 or 2 years what's next will be a hundred times worse.

Just look at what's happening right now
We had people doing nothing and getting paid, what has this led to?

Just to be clear, when I said bs I was referring to something about eth merge and gu drop somehow affecting down BTC rates, for the hashrate fluctuation as part of some major farm scheme, I won't call it bs but still I can't figure the math in $ revenue if they did this.


Oh no no no, again no! Fudge!!!

I'm not mining at home, I live in a flat in a closed-gate community, the gear would not see its first block before the police would be knocking.
I mine at my parent's farm, a former storage building, the usual stone and concrete farm with half a meter thick wall, and it's pretty far away from the house, some 75 meters to not be bothered about.
I wouldn't last with gear mining next to me even in a room or garage, I've actually had to buy a pair of headphones from a guy working at a shooting range as I can't tolerate the noise anymore, right now after more than 3 mins it somehow becomes like a screening noise that really hurts my head, like chalk on a blackboard.


I have a prepaid plan with monthly/annual limits and of course peak power there, the math gets complicated as we get certificates that we can either sell or exchange at a fixed rate for MWh for every ton of biofuel generated.
But I would say ignoring a few obvious things the best scenario is 4e cents and the worse but closer to reality is 7ec.
This being said, this contract is in place for this year, next year, probably and most likely ebay!

As for energy overall in Europe yeah they were through the roof but it all depends, and it's not really about Russia. If the weather would be the same as last year when not even half of Europe has seen snow and 18C on Christmas the prices will note any higher, if France restarts as planned the reactors under maintenance (1 was restarted before the schedule) that's another 30GW, plus rain and hydro up, I don't think it will be that bad. Of course, not US or middle Eastern prices as we've never had those before but not really apocalypse scenarios.


vs


The difference to the previous difficulty in block time is constant after nearly 300 blocks if we exclude the start so probably even this 93% will be just a dream a few days later.