There are still topics from March 5th on the first page, so it has stayed there for at least 2 days, yet you haven't got a single reply! That's not about visibility , it's about people not being interested in it, it's a simple thing, even if you get a sub forum you know what the extra attention will be made of? Quota posts as the majority on this forum (and I can bet on it) don't even know what CLSK is! As you said it, it is what it is, the amount of people trading stocks here is probably negligible, the amount interested in mining stocks you can count them on a few fingers, that's reality! Theymos has already made clear that for a local subforum to have their own board they must have enough activity in their won topic, how would that be fair for creating a board when there is no activity on yours ? ps: Why haven't you bumped the topic I mentioned it before? https://bitcointalk.org/index.php?topic=5480284.0At least it had a few users, and some real info on it, that could have gained traction! |
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I am in NJ pretty good for solar. Pennsylvania is very good.
Solar is not a solution for everyone you get 1498.5 kWh/m2 per Trenton (picked one random city in NJ) Wien gets 1112.5 kWh/m2 and Berlin 976.4 kWh/m2 . But just a few miles east of El Paso 2865.1 kWh/m2 ! However, this means you must invest in a system capable of producing 5 times your actual needs. That's a significant amount of money to invest. Of course, there could be other incentives for running solar, such as tax benefits.
So basically the state subsidizing energy that would be to expensive to be viable., you can't call that a solution when you're actually burning money in my opinion! But one thing about that: Storing electricity is more expensive than producing it. Battery technology is lagging, so you can't simply produce 240 kWh and use it throughout the entire 24-hour period. If you require 240 kWh per day, you must assume it's only viable for 4-5 hours, meaning you'll need to sell it to the company and then repurchase it. Batteries for even personal use are too costly , and trying to deploy batteries at large scale is just stupid, there are countries where no amount of batteries will help, we have a term here dunkelflaute, it happens usually for 1 to 3 days, sometimes even worse for almost five days when there is not enough sun and no wind blowing do due atmospheric conditions, so what are you going to do, build 3 times the farm's worth of battery storage? Anyhow, seems like it's again up in the middle of the period: Current Pace: 104.6998% (1132 / 1081.19 expected, 50.81 ahead)
So it might erase the drop and gain 1%, 11cents per th, after halving 5.5, this is early 2023 levels so...who's taking a bet of no drop in hashpower below this level after the halving? |
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When you see how various criminals pass in front of the US judiciary, you are not surprised that Do Kwon obviously wants to avoid being extradited to South Korea at all costs.
He wants to go to South Korea not the US, his lawyer is actually trying pretty hard to make that happen https://blockworks.co/news/do-kwon-extradition-troublesA declaration from Kwon’s lawyer, Goran Rodić, in Montenegro accompanied the letter filed by the law firm on Monday. He said that the High Court in Montenegro ruled that Kwon should be extradited to the US because it believed that the US was the first to make the extradition request. A fact, he added, that is inaccurate. There is nothing surprising about this, SK and the USA have a treaty in place, and according to the double jeopardy clauses he will not be chaged in another country if one has already sentenced him for the crime, so he is seeking to go to South Korea because the initial charges were carrying less of a punishment, he is facing 5 years in prison in SK for breaching of capital markets law and up to lifetime for fraud, but in the US he faces two charges (out of 8 counts) for wire fraud, each of them could land him in prison for 40 years while commodities fraud alone can get him another 25, so of course he's betting on not the maximum in SK, gambling on not being convicted on a law that was enacted after his crime happened and being judged on previous terms so no life term. |
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Who knows what this company does at night when there is not enough power for mining equipment?
Uruguay gets most of it's electricity from hydro, it's an exporter but overall it's a small nation, their production capacity for example is under Iceland and just below Sri Lanka. With a total capacity of 3.5GW available don't expect tether to move hundreds of MW of machines there, from what they've released till now it's a 40MW plant expected to reach full capacity by 2025, so 10k machines at most, 2exahash, 0.3% of the current hashrate. |
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Let's say if a country want to buy oil from another country then the selling country won't accept the buying country's fiat currency for the trade but it will accept USD for the purpose. That's one of the reasons why US dollar isn't losing its value.
~
Let's say if those BRICS nations made up their own crypto-currencies or CBDCS then and accept those for bi-literal trading
Let's use basic logic, first grade material. Russia doesn't want Indian rupiah, India doesn't want yuan, nobody wants Iranian rial (see above chart of its value), nobody wants the ruble (obviously), everyone is dumping the South African rand, but suddenly, once all those currencies turn from one piece of shitcoins to one huge pile of shitcoins everyone will want to deal with it? Seriously, how could one that doesn't trust the currencies and decisions of any BRICS country decide suddenly that all of them mashed together with all their problems will be the coin to be on? You know the major difference between the Euro and this chimera of a coin? Every single coin of those making the Euro was trusted and quite stable, here you're mashing countries under sanctions, at war, with sky high deficit, with civil wars, with nutty dictators beating and executing their people while financing terrorist cells and you think the world will magically accept it! Besides, if they don't want to trade between them in their own currencies, why would they agree to trade in a common currency?  But no, it doesn't even stop here, it's gets so funny it's cringe material: Even if Saudi Arabia and the UAE join this trade without the $, their currencies are pegged to a fixed rate to the USD, so it would be like you're not using the $ you're using tether |
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unfortunately it would appear that the usa governments hands are dirty and it has stolen peoples bitcoins, confiscated them, throwing people in jail and all kinds of things. enjoy your bitcoins you buy from uncle sam because it is blood money...  Paranoia much? So the coins they have seized from the Bitfinex hackers are dirty coins, they should have just left the hackers enjoy them , right? The coins they got from James Zhong were against stolen coins, right? Or coins that a hacker got from Silk Road where legitimate gains in your opinion? Why don't you open a petition, the government should not try to seize any of the FTX coins, they are SBF's coins, he duped people for it legally, they should not seize one coin to pay back the ones that lost money on it. Same for Celsius or MtGox, just let the scammers enjoy the benefits! |
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I'm always hearing about the US's debt and the devaluation of the dollar, but I'm curious how the US compares to other countries. I don't think I've ever seen a data dump on any other country's debt or money printing before. The latter might be a peculiar trait of the US economy and the Fed's idiocy, but every country has some amount of debt I believe. Is the US at the head of the pack, so to speak?
Everyone is focusing on the US because they hate it and envy it, they don't care about their own country, they are only talking how fast the US will crumble, typical soviet commie doctrine that has now spread worldwide, our govemermnt is incompetent's, we live on $50 a month, but it's not our fault and the leaders we elect, it's those damn Americans! Look even here, have you seen pooya87 once talking about how bad things are in his own country? He talks about the death of the dollar while his own currency is doing this:  But yeah the dollar is dying...lol! As for other countries, well, they obviously ignore China China’s Debt-to-GDP Ratio Rises a Record of 286.1%It's not trendy to say China is in trouble, the cool stuff is if you demonize and take a piss on the US economy , even if the US debt to GDP ratio is actually going down after the covid scare and while printing one trillion the economy grew by 1.6 trillions.  As a matter of fact, one of the reasons why the debt is rising this fast is due to the high interest they have to pay on all the junk bonds they've sold.
On the other hand they can't lower interest rates yet without any achievement on the global level. If they do, the inflation will resume inside US then the international bond dump will resume just like pre-interest rate hikes (eg. China dumping $200+ billion of US Treasury Securities) which would weaken dollar more.
Yeah, because dumping the US bonds and making it cheaper will obviously hurt the US economy. What could be worse than to buy your debt at 30 cent per dollar! /s But, since this topic is mostly related to Bitcoin and US dollar so comparing other fiat won't be reliable. If US continues printing that much then surely in years US dollar will lose its value.
Then can you explain why the US dollar is absolutely thrashing other currencies in value despite this money priting? Rupiah, euro, yen, ruble, even the yuan, they all lost value against the $, so, how will the $ loose value again? |
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This is needed because new members are also joining the forum daily and thus the available merits quantity should be adjusted accordingly.
There could be 1 million newbies joining each day, the problem is, do they make 1 million merit worthy posts? Also, why would newbie be straight interested in merit from day one, wasn't this whole thing about learning, contributing and not aiming for a rank that allows you a signature? I'm not going to prove anything, so although I don't know where all these distributed merits end up, I haven't received a single one for some time - which leads me to the conclusion that I don't write "good posts" or that most MS ignore me  Or maybe you're lurking in different areas lately? I had a feeling lately I'm encountering less a few of the usuals despite when checking they are still quite active, you're not the only one from the old gang I thought was taking a break. Also, I just broke your dry spell , I've turned into a merit hoarder, sometimes I even forget this thing exists. |
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Guys, I just want to add that you completely lost me! Like, I'm reading and reading and I start see numbers dancing on my screen and now moving to the walls while I hear some kindergarten song! So, not making any math just adding a few things @mikeywith, so that time you got of 49 minutes would be the time it takes for 5 miners to heat up the 9000m³ of 5ºC, right? did I get it right?
So, now for the boiler / burner system, with the data I have, can we do the same?
I mean, if I take the data the guy gave me, he says that considerin 35W per m³, we need 365kW, and for that he uses a 400kW or 500kW system. Knowing these systems heat water that in turn will heat up the air, I presume, then, I'll have to do the same math but with C for water, no? With miners we consider transferring heat from air to air. With these boiler systems, we consider to transfer heat from water to air! Is this the way of thinking?
One thing would be to drop that 9000m³ and just do it for 10 000m³. It would make a ton of things way simpler. Second, I would drop that recommendation, I don't know where it came from but it makes little sense. Raising in a perfect sealed environment the temperature of 10 000 m³ of air by 10C in an hour requires 35KW.500KW system is madness, again we have 50KW boilers running on due fuel for stables, of course we don't have to keep the same temperature there as in an office (cows don't like over 20C) but still, 500kw is insane!!!! And I don't know why from air you guys went to water! A boiler that heats water then heats though pipes the building is far more expensive, yes, it's better distributed, it's more comfortable as it avoid having a few not so nice zones, it loses less heat to the outside since the pipes are indoor inside the building before the insulated walls, but it's costlier! Way more, it might be different from county to country but here we look at tens of hounds of euros, a A Purmo radiator (so upper brand) rated for 2000W of maxim heat transfer is about 100euros, for 35KW you already have 2000 euros just in radiators, then pipes then a lot more things. HVAC ducts are way cheaper and way easier to fix. Anyhow, as I said , you guys lost me! The other week I went to a friend's remote/country house, he built it with concrete blocks and then covered it with thick 10-15cm sandwich panels, it was 8-10c outside, the room temp was 24c, he turned off the heater, 4-5 hours later temps were still 22c, hadn't I been feeling pretty warm I'd think his thermometer is broken, if I turn the AC off in my house off for 4 hours it would be 8-10c inside, I am not kidding.
Hmm, only outside insulation in a cold climate is also a bit bad, take for example my basement, if it weren't for a sheet of drywall and 2cm of hardwool before the PSS barier the basement will stay cold for a while as you need to heat up also a 60cm think wall made out of rock concrete. It's a common cause for arguing here in blocks of flats as some tenants lose heat by heating the concrete walls of empty apartments below, and we still have -20C windy nights! One thing you need to keep in mind is that miners don't like to be turned off and on like a thermostat, they like steady state, so if your room gets too hot, you don't want to turn them off, you would want to direct the heat outside, doing this efficiently would add more to the overall cost of running miners, for the normal heater it's a thermostat you set, it can be turned on-off dozen times a day without a problem.
I think this would be the biggest disadvantage of overcapacity here, I don't understand why would you need a system that would rise the termpature from scratch to what you want in 10 minutes only for it to stand then on standby for hours and not earning through mining even one penny! or the boiler / burner system, with the data me and the guy exchanged was for 9000m³ of greenhouse volume, so we did the math for that volume and he got to the conclusion that a 400kW or 500kW system would be needed. Single sheet glass, 25*100 meters height 4 meters, outside -20 inside 20C gets me 240KW. 500KW is overkill! |
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Hi all! We have seen how some projects organize raffles. Would you like to see something similar from us?
Why not? Who doesn't want a raffle, especially if it is free raffle? Exactly, who doesn't want free stuff?? The only thing that I would ask for would be bit more time open to take part in it, for some of the raffles that are decided on block hash it's like 5 minutes and all the spots are taken or you don't even wake up completely and you seen two completed while brushing your teeth. If it is the sending of products, many are reluctant to participate, for privacy reasons. But even so, it is still a good way to promote the brand.
I would just participate for the fun, probably if I would win a tangible thing I would just open a raffle myself or give it to the second placed, I've also began to be a bit on edge about sharing the address especially after that Ledger fiasco where I got extremely lucky, also too many more than curios mailmen lately, we actually made a complain to the postal office since we caught one on cameras really interacting with the envelopes before pushing them in the boxes. |
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It is clear that Bitcoin has broken its ATH in the Coca-Cola pet drink.
Wow so the situation is better in cola than in rice there? This assuming my above calculation is correct, I've take it from news titles from Nigerian papers! I cannot remember how much exactly was a bottle of Coke back in 2021. I can hardly remember any price changes in the past 3 years as well, but it is indeed a good thing to take into consideration inflation when it comes to attaching the dollar price to Bitcoin. An inflation-adjusted price might give us a different number.
I too unfortunately have no receipt from that date, but I sometimes have a habit of screenshotting my basket before doing purchase online, this because of the f**8 ton of vouchers that almost every time fail to apply the first time. But you can always do a bit of checking if you look for flyers., but I don;t know if those ar that common in Philippines as they are here! A good food item to use will be a "Big Mac" from McDonald's because they are very similar in size and weight all over the world.
With 2 million Muslim not eating pork and 1.5 billion Indians not eating cow meat it's hard to take anything as a true indicator. Also, just looking at one single example from a company might be misleading, McDonald can decided to raise prices everywhere or drop them even if the economies are different, plus it involves a ton of other things, like the amount of taxes a country applies, the minimum wage and so on, tax a on fast food or on sugar and on and on and on. One country raising VAT for fast food from 9 to 19% doesn't mean inflation is suddenly up 10%. The big max index is too heavy influenced by other factors beside inflation, doing groceries one by one is a better down to earth example how some things skyrocket while others keep unchanged. So Bitcoin ATH in “meat” in my country should be at a price of 6900*15=$103.500
Go vegan moment  |
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I'm curious to know whether you think Ukrainians are terrorists for attacking Russia and Russian assets? Because that's pretty much what's happening in Yemen.
No, what's happening in Yemen is that a terrorist group is hitting civilians ships, too afraid to attack military targets and has only managed to - sink a Lebanese ship, so probably Hezbollah is trilled - damage a Swiss owned vessel transporting stuff from India to Turkey - In retaliation the armed forces of Yemen started attacking US and its coalition naval forces (they've already incapacitated multiple American and British warships like the British destroyer called HMS Diamond) and their other vessels.
They also destroyed - 24 Nimitz-class aircraft carriers - 2 C-709 Longsword Interceptor - 12 V-19 Torrent starfighter - 3 Venator-class Star Destroyer - 18 X-Wing Starfighters - MSZ-010 Double Zeta Gundams - 22 Musai-class cruiser - 14 Dodai YS bombers and the mandatory 100 detahs stars Meanwhile another chief of the terrorist IRCG group was sent to meet his virgins alongside the biggest terrorist in the world Soleimani, who was packed so nice for the after life that true Iranians are making fun of it renaming the day Kotlet day! Also, IRCG is an international recognized terrorist group, and this is a US forum, so keep your terrorist propaganda to yourself unless you purposely want to get this forum in trouble! |
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I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market.
Lol, so not even two months later how does that history always repeats itself theory hold? Pretty bad, right? Not only did we break the ATH but it also surge before the halving again invalidating two "always" theories! I always told people not to judge the future based on past experience, but some are still stuck in the mentality that if it happens twice it can happened 1000 times and there won't be any variable whatsoever. Well, it was time those theories of NEVER and ALWAYS to be thrown in the garbage! I would personally love to see the pump going beyond eveything right now and then to have a bearish season after the halving just to teach some that the future is not built on past patterns! |
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Considering this condition of any country, can Bitcoin help in this to recover from this crisis by probably adding Bitcoin BTC in national reserves and not only focusing on US Dollars  How do you add Bitcoins to your reserves when you have no money to pay your current expenses and you would need more $ in order to buy BTC because if you would try to buy $10 billion (that's 10% of Pakistan debt) worth of BTC with Pakistani Rupee the exchange rate would go down by an order a magnitude well before you would be able to purchase that. There are huge differences between a single individual exchanging some of his earning to Bitcoin which won't move the fx rates by even 0.000001% and a total different thing when a country would embark on a $10 billion foreign currency purchase. But from what I know, El Salvador has pretty much done the same: bought bitcoins, although their economy looks bad.
Salvador had for two consecutive years the lowest GDP growth in central america, they ran a 700 million deficit last year, they would need with their current holdings Bitcoin at $300k for all their coins to cover one year of deficit!!! |
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As far as I understand, the author of those ordinals is paying a lot just to mint text 832991.bitmap on blockchain, am I right? Why the hell should someone buy NFT that is a text 832991.bitmap?
Because it's part of a collection: https://ordinalswallet.com/collection/bitmapYou see how it immediately raises in value? https://magiceden.io/ordinals/item-details/db2b94318f07079b8bd78b38d1bc4134cad49d22b44459538db3fdee5f20a876i0Beautifullllll We live in a strange world where it's normal to pretend that you are an animal captivated in human's body and request a special care at school or other places. So, now it makes sense to say that this is a piece of art for some people.
Nice way to say it but I'm still on the opinion some people should be flogged till they can't see lines or colors anymore! |
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If they keep DCA-ing Bitcoin from ATH until now, they're already surpass the ATH equivalent in Cola, Pork Meat and Pringles.
As I said before, it's about being a hedge against inflation, not about the investment strategy! Fun fact btw: BTC just broke its previous all-time high in Euros, reaching above €59,800 which was set in 2021.
Yeah, it didn't really helped that at the previous ATH the euro was coming after a period of gaining against the USD and while slightly lower in November than in April it was still up 5% compared to today's rate. Now f the ATH would have been in November 2022, it would have been a 10% different story the opposite way. Now since I don't see anyone doing the food analogy, let's run the numbers for one of the commodities that hit the news lately, rice in Nigeria  Data says a kilo of rice was N420 in November 2021, while BTC was at 26,440,000. So one Btc would have got you 62,952 kilos of rice. With the naira falling like there is no tomorrow, the data for now look like: Current price is N1600 per kilo, and BTC is at 102,880,000 so a BTC would give you 64,300 of rice! Just broke the ATH in food while the ATH in nairas was broken by 4x times. Seems like storing rice would have been also a nice idea! |
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We all say Bitcoin is the best hedge against inflation, but saying this while keeping the ATH in $ is a bit misleading, isn't it, since the $ is also losing purchasing power, so how about we take a look at BTC ATH from a different angle, just to pass some time before it hits 100k  So, just like my other topics that are more regional related: Community research: To drink or to buy coins?
Days you need to work your ass at minimum wage for a BTC, by country
how about we express the local ATH by comparing it to food specific prices, that would be far more interesting and and also down to earth approach! Feel free to do this with any food/groceries/drinks stuff you know the price for back in 2021 in November! We take the extreme ATH of 69 000. So , an example of it: Coca cola - USA prices  It was $1.95 back in November, it's 2.68 right now at Walmart so (69000/1.95)*2.68 so in Cola the ATH is 94,830! Europe, upper quality pork meat:  It was 12.49E in November 2021 , right now 14.99 so (56000/12.49)*14.99 , the ATH is 67,208 (euros)! Eggs, now this one is funny, I have to prices saved - the 20 pack is down from 22cents to 20 cents (same brand) - the 10 pack is up from 20 cents to 24 cents (same brand again) So here we're going to stick with the ATH at the same level Adding a bit of flavor to the ones that have increased the most, chips and other snacks:  Pringles Original, the receipt says 1.38, now the same shop is 1.99 So again the math (56000/1.38)*1.99, so that would be 80,753 (again euros)! I'm really curious at the contributions from other countries, those hit more by inflation! Hint, you can easily get those prices if your local superstore chains has leaflets, just search for them with the 2021 term, you for sure will hit an archive in the searches! |
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About that... It's weird to see Bitcoin still quite a step from the USD ATH while just having broken the previous EUR ATH. I remember a similar situation back during the last bullrun. Kinda nice to be able to celebrate a local ATH slightly sooner, kinda sobering to see how our local currency lost value compared to the USD (even though the EUR is a relatively stable one). Timing, the euro was 1.13 in 2019 1.19 in 2021, 1.10 in 2022, although for 5 years the difference is 4% it has fluctuated enough during those to acocutn for a 10-15% gap. Inflation in my country shows a big gap with the dollar, when bitcoin touches the price level of $64k, ATH 2021 has been touched by our country's currency which is IDR 980 million / rounded up 1M, while in 2021 the value of the Dollar equivalent to my country's Rupiah is approximately $69k to get the amount of 980 million / 1M. Here it is clear that for 2-3 years we have experienced much crazier inflation, with a difference of $5k.
Do that in bags of rice, not usd not inr, then you're going to see the actual value!  But nothing compares to this anyhow:  |
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