And what will happen to all the transactions that were present on chain a and not on chain b and the other way around?
But never mind that you're assuming that the attackers will just mine their chain and that loyal miners will not abandon their older smaller chain and only continue to build on it even when both are public, this won't happen since most nodes will reject the smaller chain.
So no, if this shit really happens it will be a devastating blow, there is little recovery from this to be done, not when billions are flowing left and right each week.


The daily reward for mining is currently 18 million dollars, that is what miners get to run their mining gear and offset the equipment purchase, so the actual energy costs should be way lower than that, let's do with 15 million, half a billion a month, or a Nimitz class each year.
Compared with 400 billion in market cap, it's just a tiny fraction, not really an Achilles heel, but still somewhat of a weakness during these times.


You have to admit is quite funny:
- we talk about how much energy Bitcoin mining burns, it's way less than Christmas lights!!!!!!
- we talk about somebody executing an attack, an attack would require so much energy, not even governments would be able to pull it off!

If we go full tinfoil hat in order for the NSA to pull this off, assuming they would have the 1.5 million s19XP already in place all they need is to "detect" something being wrong at Grand Coulee, "shut the power" for two hours and that damn alone would be able to run all those miners.
But as always, the main question is, why would they do it?

Anyhow, I don't see any attacker trying to do this, why spend resources on trying to destroy it when you could spend those on actually making a ton of money, and even if you somewhat manage to "destroy" bitcoin with it, it will just leave a hundred thousands alternatives out there.

Or you can imagine him with two horns as a jackalope, which makes a bit more sense, as a horse he sucks big time and the most annoying thing of all is that he won in one of the only two races I haven't bet on him


You mean trident, Triton is Poseidon's son, and you're obviously mistaking Jupiter for Neptune.


Yeah but no, Izanagi obviously had no samurai sword and actually created the world with the help of a spear


So angels are aliens, yeah right. Also, ange doesn't mean anger, for god's sake! Pun intended!


Let's like really really make a whole mess out of the entire greek mythology as we're here, right?
I mean all religions are just a bunch of fairytales put together but at least some of them are well written, you started really wrong!


And as all religions, we've reached the dark part, where as usual all you have to do is pray to somebody and you will be rich and live a life without troubles without doing anything else than kiss some diety ass all day long. Don't you think this sounds more like the devil's work?

So 36 months of free energy, that 26280 hours, meaning you will get for each kilowatt  26280 kwh, break that by $2000 and you get 7.6 cents.
That assumes no downtime at all for the entire 36 months which is totally improbably.
Now, please do tell me what advantage I have paying you this price in advance for 36 months when with an S19XP I would ROI  in these conditions in 28 months. And don't even try the Kadena approach, the daily revenue for KD max has dropped in half in the last 3 months.


Oh yeah, zoom call.
How about you provide one little document of this being somewhat close to reality and not something that well, looks like a scam, sounds like a scam, and definitely smells like one as you have zero proof of anything actually existing?

I don't think that you exploit the opportunity what you exploit is your roommates that you basically change extra and you live free on their expenses, to be honest, I wouldn't want to live like that, even if it's for free, plus there are of course risks, someone might leave and you might not find a replacement or because of the expenses they might all leave and then you're up paying $500 when all you need is a room, two months with the empty house in your example a year and you're basically losing money.

Then, there is the problem of finding such opportunities, if the owner of the house knows you can get a room rented for $125 that easily why would he offer you a discount knowing you're also a risky thing, so he would simply change $125 for each room, getting $625 instead of $500, and mitigating the risks of losing everyone at the same time.

And now think from the point of view of the other four guys, they could simply find themselves a 5 room house, rent with less money per person but they will have "your" room as a bonus so they could build their own men cave there, "with blackjack and hookers".

Of course, I was half serious half joking but before typing that I checked the price at the nearest charging station, 45 Eurocents/kwh, so you could afford to have the station filled just 1/4 of the time, and of course, you could just inject that into the grid with the ton of new programs that are out there for small business generating power.

But!!! Weird coincidence, the second topic I visited today pointed to this:
https://fortune.com/2022/08/16/bitcoin-mining-crypto-winter-stronghold-digital-selling-electricity/
Pastebin https://pastebin.pl/view/6c8f8162

And I swear I saw it after I posted the one above! 

It's not that desperate
https://fortune.com/2022/08/16/bitcoin-mining-crypto-winter-stronghold-digital-selling-electricity/

Since it's paywalled:
https://pastebin.pl/view/6c8f8162

They are making more profits by selling the power than by mining with it, which makes perfect sense.
Just like an aluminum plant that did the same a month ago, if you burn $100 of gas and oil to make $120 of aluminum but you could sell that electricity for $200, what would you do? Of course, numbers are for illustration purposes.


There is one difference, you can earn money with the price being stable or even while it's going down with mining while holding coins, of course, you don't.

And as multiple times before, you can't have your cake and eat it too, the difficulty is up only +0.6280% but the price is down on 7 days period -11.4%, income per TH/s sliding again, I think it hit below 9 cents. It kind of stops being only about eating the cake and more like getting an overpriced cake that is moldy and getting a beating because you didn't tip enough.


I doubt that there is any major miner operation in mainland Europe still mining that doesn't have its own power generation and at this point, it's a bit hard for me to understand why should somebody burn energy to get a measly share in revenue where they could simply sell that energy on the market and get rid of a lot of troubles.
Assuming the XP at these rates, if you miraculously generate power at 5 cents you will make as much in profit as selling that power for 13cents on the grid, so, seriously you would earn a ton more by charging electric cars.

20kwh flat a day assuming no extra spent on anything as cooling would be able to run him an S19Pro for 6 hours a day, just a little bit more with an S19XP, but I would not let it go for more than 5 to be extremely sure some other thing in my house will not push the consumption over.
But let's stick with the 6 since it's easier for math, 1/4 of a day.

Standard bitmain shop prices, no taxes, a 19Pro will get you 2.5$ a day, so it will take about 1800 days to make for the miner, the S19XP will do 3.5 and I remember Mikeywith saying something of 8k for one, so 2200 days.


I assume that in your contract is stipulated how you can use your extra energy, I don't think that any company has written there it must be exactly the same quota each day, so you could simply let it run for one week continuously and then shut it, less stressful for the miner and for yourself. I agree with DaveF, get one older generation used miner, less revenue but at least chances of actually making a profit, that is...if the miner doesn't break. Let's see if somebody is up to date with used gear prices, as I have like zero idea where those are right now.

Blockchain doesn't automatically mean crypto, it can mean tracking it can mean voting, it can be used in logistics and many other things, it's basically a database and databases have been used for decades for almost every single purpose known to man. So the pouring millions into a blockchain project might just be for an extra research for their enormous database usage and their scalability or their payment systems without giving up fiat at all.


It has become nearly a standard where large multi-billion companies are throwing money at hundreds of projects that show a bit of promise, it's the only way right now to keep up with every trend in the world as your own company can't go on a developer hiring spree to cover every niche, so you just invest in each and hope you nailed it as of course, not every bet will bring a profit, and some will fail miserably.

Here is an example of what large companies are on the hunt for:
https://www.fxstreet.com/cryptocurrencies/news/google-invested-a-whopping-15b-into-blockchain-companies-since-september-202208170111
 

If we're talking worst-case scenario, everything being dumped randomly, no storage no compressing, no burning, and with the ground being exactly the worst, a clay mixture can keep emitting gas for nearly 25 years. There are claims of over that period but those are just pockets of trapped gas.
The best case scenario advertised for our brand new local ecobiogreennaturefriendly is 5 years with multiple layered waste, heavy recycling on-site, no direct dumping of food waste and use of incinerators, and so on and on, and a ton of money! The same advert claims it to be fully ready for other kinds of development, god knows what that might be, in 10 years.

But I wouldn't want to be the one going around estimating how the landfill is doing even after 10 years, just carpet bomb the shit out of it and be done. My region has always grown both pigs and cattle intensively, we have hundreds of manure pits and I know tens of scary stories when even after one year some went full "witness me!!!' with shovels to dig it out and barely managed to get alive when a pocket of hydrogen sulfide was punctured.


Let's see how long the world last in two cases:
- without bitcoin
- without agriculture
then let's do more of these comparisons that make absolutely no sense.

I was curious about something when I read the DOJ release:
https://www.justice.gov/opa/pr/alleged-russian-money-launderer-extradited-netherlands-us


The first question that came to mind, was when was tornadocash launched and, no surprise, "Tornado Cash was launched in August 2019 ".
So, I think that there is another important thing that might have to be discussed although we will probably never know:
- Was tornadocash compromised since launch and it didn't offer the claimed privacy at all?
I have a really bad feeling about this, I can remember how the alpha bay then hansa market episode went.

I know it was meant as a joke, and by the way, I don't think 2FA would be a game changer at all, but I wanted to point out that there is bitcoin, blockchain, and the forum, and despite all being related they don't have to function the same, and if they do it might now be pretty.It was late at night so probably, now that I think better I should have replied, with something else, like:
"let's make this forum decentralized and censorship-free, nobody to be able to delete messages or ban users and to prevent spam, charge a fee for each post"  

But the main thing stands, 2FA or no 2FA, it's only one person who will decide this, and I don't see it happening.


And to make things even better, make the sessions last only 2 hours, every time a new IP is detected you would have to verify your location again with a different key to make things safer, and  24 hours account lock if you get the security phrase wrong twice. Oh, and you won't be able to post anywhere but in off-topic and meta for 72 hours after a password/ private key/ email change.

I'm willing to bet that in the first week even with all these implemented and maybe more someone will still manage to get scammed of his account!!

This forum is centralized and run by an admin hence we should do the same with bitcoin!
See how this works?

Claimed!
https://slate.com/news-and-politics/2014/04/how-long-is-the-tax-code-it-is-far-shorter-than-70000-pages.html


When communism fell we got our first Fiscal and Tax code, it was roughly 400 pages long, it was so easy to understand for everybody, it was so simple, and the results were marvelous!!! Nobody paid a dime, nobody paid taxes, only the few who worked with legal contracts had the taxes stopped at the employer level, VAT was a joke and receipts were the punchlines.
It was so badly written that all you had to do to run a business was to bankrupt it, then get all sorts of debt since by those stupid laws nobody could file a new claim for debt while you were bankrupt and after 5 years of not pursuing legal action, you would get all your debts erased.
Was there a surprise when large commerce chain stores tried to start a business here nobody, but nobody was willing to give them merchandise without paying upfront, well it was for them.

Back to what the US is doing is normal, it's about damn time you put all the resources to use, I still can't believe how far behind the country is when it comes to payments and money transfers, and don't even get me started on those checks!

Can you imagine how hard is to have an online tax form where you can just click on a button that says personal details unchanged and you don't have to complete again name your wife's name, your address, your year of birth and if your only income comes from monthly wage you don't have to fill anything it because it's already in the system filled by your employer? Same for state pensions?
Whenever I head IRS forms I can only think of Homer Simpson:

Personal opinions don't matter when it comes to financial results.
Kojima left Konami in 2015 for good, let's see what happened four years later:


Yea, really bad CEO, really bad guy!
Fast forward 2021:
https://www.nintendolife.com/news/2022/05/konami-just-recorded-its-most-profitable-year-ever


Bad CEO, bad boy, too much profit, Kojima sad, resign bad CEO, you make hydrogen not happy! Such injustice!

No, it's not just him, it's him and his clones:




And if you're wondering why the alts, look at the trust  
Maybe, maybe...scam is dead?

There is no way to stop a landfill from producing gas, as long as it contains matter that is decomposing it will produce gas, the membranes are not for stopping gas, they are designed mainly to stop the flowing of the liquids that are generated through the process, the leachate to reach the groundwater, we use this even in farming for open-air manure pit, although..well...I can tell you a lot are done as they should just on paper, and this is even in Europe where we have tight regulations, god help us what happens elsewhere. The dome on top of the pile is not for restricting the gas, is for redirecting all gas through an already made opening from which it can either be collected and used or simply burned in some cases just like flaring.


Biodiesel is made from vegetable oil and used cooking oil, and in some cases animal fat but I've not seen once an example of this being even close to remotely profitable as fat can be directly used for a ton of other things, it's cheaper and indirectly more profitable to turn it into low-quality dog food than making biofuel out of it.

What you get from a landfill is gas, it makes little sense to try to turn it into a traditional fuel so instead, you either use a generator on-site to produce energy or you can process it into LNG but again with every major transformation it begins to be more expensive.

Unlike you I asked you questions about things you mentioned, what you come up with are useles questions that have zero correlation with what the discussion was about, but since I do care when discussing with somebody about my interlocutor I will no just throw back at you some random questions and I will answer them.

Jack Ma was forced to step down at the political level, a thing that contradicts your theories.
Hideo Kojima was no CEO and you can read why he left Konami on like every newspaper out there.
Elon Musk can do whatever he wants, and again it's nobody's business what he thinks and what he tweets.


Because that's all some are capable of, they can't come up with a method of getting money without working so the simple way out of this is to take money out of the pockets of someone who makes money and then claim that guy doesn't deserve that much


Oh yeah, cause it has worked miracles in the past, ruining country after country after country, and with the onslaught of morons thinking it's a great idea it will continue to do so for ages. Unlike you and a lot of guys here I've experienced forced equality for decades, so there is only one achievement when you reach this stage, everyone gets poverty!

Soneva, the company that owns those resorts is based in Maldive, they are the ones taking the payment, and Thailand authorities have no say in what and how is paid, in the accounting it will still be the equivalent in thai baht, ฿  not BTC lol,  the customer can choose to pay in euros dollars or whatever the main branch of the company accepts.

So if I would own a house in Thailand I could lend it to you for 0.x bitcoin and my only trouble with the Thai authorities is to pay the taxes on the amount I made from lending you that, and of course, the contract between us will state the value in our national currency, not bitcoin.

I see you mentioning that name 3 times and labeling some addresses as such but can you please elaborate:
- what addresses are those owned by MicroStrategy as you never mentioned them
- why do you think those are owned by them at all other than having a lot of coins?


Unfortunately for him, I use uBlock and  so his add revenue is zero!