Industry leaders are clearly divided into three parts about bitcoin.
1. Bullish and ultra bullish - Elon Musk, Robert Wozniak etc.
2. Bearish - Jemie Dimon, Warren Buffet etc.
3. Not interested- remaining all
Some says bitcoin is a miracle, some says it would reach 1 million dollars per bitcoin in future. There are also people who says bitcoin will be banned as it is bad for economy.
So my suggestion is that, keep on listening to them but when it comes to your decision, use your own brain and do what you think is best for you. No need to listen to any of these industry leaders. You are likely to get more confused!
Diversify, btc is only 10 years old, tulip & Mississippi bubble's lasted as long, had many moon-shots and falls rinse & repeat and then toilet I think its just a matter of time that Classic Bitcoin falls out of favor and a new super crypto evolves that is un-hackable, and super-private to snooping eyes. Crypto is going to stick around BTC was first, but in tech 1st doesn't mean crap, just look at lotus-123; Lastly, I don't think that Woz said "Better than Gold", I think that somebody else made that crap up, Woz is a smart guy, and he isn't the type to buy lottery ticket (BTC), but he is rich, I'm surprised he's not a miner, but he's probably bored to shit with computer hw by now; He tinkered as a child post Apple went back to school and got his EE degree, but after that he just traveled and enjoyed his life, like somebody said since 1980's, so he's been a freeman for 40 years. |
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If I know anything about the law, I would probably host it myself but I don't want to risk it, is there a possibility that you can get sued if you aren't from UK?
My opinion is this: If you are a well known person in Bitcoin-- an educator, a developer, a business leader, an advocate-- he will eventually sue you regardless of what you do unless you endorse his scam-- the only way you won't get sued without endorsing him if you're well known is if he's busy suing other people first for long enough that a criminal arrest stops him before he gets to you. Some of the developers he's already suing haven't been developers for four or more years. If you are a relatively nobody, he is probably unlikely to sue you regardless of what you do. However, sending a message like the above might significantly move your position up on the list, and by doing so provide some protection for people in the first group. You'll also help assure that no matter what he does the whitepaper and Bitcoin node software will remain available and highlight for everyone the futility of his suppression efforts. Similarly, spreading information about his fraud and encouraging other people to act increases the risk that he'll retaliate. As Satoshi said: Bitcoin "takes advantage of the nature of information being easy to spread but hard to stifle." Information doesn't spread on it's own: it needs everyone's help. BITCOIN is anonymous, Wright is NOT; Yet people try to become famous in the btc world, and then become attacks vectors for the scammers; I think everybody still anonymous should know to stay that way, as its stands now, everybody on the internet is a dog, and any dog can hold 10k bitcoins, and nobody is to even know. People go around flaunting that their whales should not be surprised they are victims of the Wrights, I would even add that Wright probably has a team of 100's of lawyers working on contingency knowing well that wherever there is money, there is settlement that then there is a percentage of the take going to the lawyers say 40% Thus it never ends, but if nobody know u got the bitcoin, and u ain't a public figure, then u got not worry; Even in the real world all rich people are targets all the time. |
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I'm glad I don't spend some thousands of dollars on chia mining because it's not worth it compare to GPU mining, it seems like PoC algorithm is a total waste of time because none never works but those who quickly join the solo mining are the so lucky now it seems impossible to earn a chia coin
ppl just don't listen to get $100/day, or 1/3 xch, you need 10k plots @ 108gb each, or 1PB of storage, which is 1,000 TB's, @ $30/TB, that's $30k USD of HDD just to make $80/day ( assuming chia @$280, & dropping because chia has no use or value ) I'm sure $30k would buy at least 60 RTX-1060's where you would earn 3000MH ETH, or about $150/day, as long as you keep the gpu's clean cool and dry they last forever, the HDD's die of use with 'chia' the algo's kill everything. Then the waste of 100 10TB HDD's it's still just generating toxic landfill |
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i dont understand why price going down but network space going higher and higher?
can anyone explain this?
fools keep entering, go to youtube you will see paid 'influencers' in every language spouting about how to get rich mining CHIA on your hard-disk,.... So yes it keeps rising the total disk space On the other hand the ppl who win sell, nobody holds, and the ppl who made the IOU go to $1600USD months before main-net have gotten disillusioned and slowly getting out The other HDD coins like burst or bhd are between $2 to 1/10 of a cent, so that's the real value of these coins; chia is just a burst clone, and burst is 0.0013 USD, or less than a penny in value. Chia, Inc the CALIF company can sell their 21M pre-mine to fund this marketing to keep the bitch alive until the IPO, ... its a unicorn, but its a well thought out ponzi unicorn. |
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Well as people have been saying for months, Tether is crap, and the entire price of all crypto is traded in Tether, which just happens to have a CAP of $63Billion USD, but only has $2B of real assets ( aka cash )
So right now they just lost $3B ( now $60B ) that means if the first to leave already got their 'cash', then there is no cash left for the bag-holders ( HODLer's )
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Well a few days ago hpool.com went down, and then reappeared in the USA as HPOOL.CO
Now for those who don't know hpool.com was the main pool for chia-net
For all the talk about 'green' and how the chinese love hdd crypto's, well its now very clear that its seen as just as dirty as bitcoin.
Surely this be so, because CHIA has completely destroyed the HardDisk purchasing, none are available in ASIA.
Normal security cameras cannot obtain HDD's these days, so people can't even do new installs
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I dont if this has been answered before but what is the speculations of what happened to satoshis wallet. Do you think hes holding and then gonna sell one day for his children and grandchildren or did he lose the private keys or something to it.
Like if i were to have that much bitcoin, I would be able to change the world for alot of ppl, like donating and helping children from bad backgrounds. I wonder what hes waiting for or what hes doing. I just would like to know what the speculations are and what you guys think.
Do u even have a clue what ur talking about? No I didn't think so. Prior to 2013 all addresses were public-keys, rather easy to crack, the pristine early satoshi 50btc blocks are now almost 70% liquidated, but like the 'chinese ownership' problem, you will never see it discussed here, as the gate-keepers don't allow reality based conservations |
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I dont if this has been answered before but what is the speculations of what happened to satoshis wallet. Do you think hes holding and then gonna sell one day for his children and grandchildren or did he lose the private keys or something to it.
Like if i were to have that much bitcoin, I would be able to change the world for alot of ppl, like donating and helping children from bad backgrounds. I wonder what hes waiting for or what hes doing. I just would like to know what the speculations are and what you guys think.
Hey mate Satoshi nakamoto a unknown phenomena in the cryptocurrencies world. Even we don't know something a individuals, or a group of person. Some people guess Satoshi nakamoto an young indian team. But who knows Satoshi nakamoto wallets address where his rest btc reserving. This is such an open ended question that even suggest we know anything about Satoshi  We have nothing confirmed, identity or wallet so having this type of conversation is utterly irrelevant. However, for the sake of the argument why would the guy who created the world of BTC want to dump on the market gievn the progress it has seen, surely the person/s are beyond this mindset. Don't be a moron 'legendary' for what ever that means in this collage of fools. I U bother to do a bitcoin dump of pre-2013 public-keys, all held pristine by satoshi, u will see that most have been spent slowly, now expediently, like Hemingway said long ago, bitcoin collapsed slowly, then suddenly |
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A concern of mine is what if he dumps his bitcoin on exchanges, what effect will that have on environment of bitcoin if the creator is dumping?
If his all bitcoin would sell once a time then it would be sure that bitcoin price may turn into lower direction. But it would be possible mate !!! When Satoshi nakamoto comes to be published... It has nothing to do about that; The NSA created bitcoin, the algo's have limited shelf life I used to take about one a month to crack a virgin satoshi 50btc block, now its 15+ month, I have been following this stuff for 9 long years. I too spend my time crack ECDLP algo's, some 30+ years ago DES/ESA, it too had limited shelf life, the entire BTC system is 100% based on NSA algos SHA256 & SecP256k1 Once all the satoshi virgin coins are 'gone' then there will be little to defend, but riddle me this pathetic morons? The chinese have ruled bitcoin since 2014, but only now are they letting u know? Here's the deal, unlike u pathetic morons both Russia, Iran, & China know that BITCOIN is a BIS/NSA/CIA/IMF trojan horse, so of course they're going to pull the plug, and the largest debtor nation |
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Not many years ago there were 5,000 virgin satoshi coins public-keys avail, unspent, now the number less than 700, dropping about 50 per month,
The question begs to be asked "why are the women bellowing about michaelangelo?"
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i generally do a quick rinse with distilled water or 90% iso after the dishwasher (doesnt take much). then air dry in front of a fan for like a week. im generally not in a hurry.
At first I thought it was a joke.. maybe I should try with some legacy hardware first. Thanks for sharing it, never had this idea ! Is it really necessary to rinse afterwards with distilled water? How did you come up with using the dishwasher in the first place? That's how the chip industry cleans their wafers, using $1M USD dish-washers. |
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Has anyone here ever tried cleaning hashcards or so with Supersonic cleaning unit? I've just recently stumbled upon this and would really like to try, but if anyone has some experience or pictures from before that would be nice.
Back in the 1980's we used to ultra-sound completed pcb's in TCE, but I think its been banned, got to find something equivalent; We also made thick-film pcb on ceramic's, before dipped we would ultra-sound, problem now is the solvents that worked back in the day, now what? Another thing to remember is the ultra-sound was one time solvent, basically to clean the weld-joints, and get ready for final encapsulation, I don't think it would be wise to repeat a n solvent ultra-sound over&over on a pcb, you would cause lots of problems with the components over time Some people just use water, u could always just use dish-soap warm water , then its not likely to kill the components, just make sure you dry well IMHO most of the problem is just dust-bunny's forming on the volt-reg chips, which get super hot, static electricity, build giant dust bunny's, which just need to be blown away, if u don't clean say every 3 months, then cards get hot and magic smoke; That's how I know its cleaning time when I see a 2-3C rise in temp on the boards, so I know its cleaning time. normal pcb cleaning is mostly just removing the flux, which can be conductive, but your card is/was clean when you bought it, not sure why your cards are getting 'soiled' as usualy its just dust that needs to blown away, an air-filtration system in the mining-rooms help catch the airborne dust I personally don't solvent-clean my pcb's unless I have done work to them, e.g. remove flux I have a large ultra-sound tank, mostly just gets used to clean my wifes jewelry; when I solvent clean my boards, I only clean the area that got covered in flux, if they needed repair |
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So there are people wanting the gear
There is always someone who wants some gears, most of the time it's the noobs who can't do the math and think mining bitcoin will make them rich overnight, looking at the big picture, Bitcoin mining gears prices took a huge dive in China, today, S19 pro was sold for $7980, all the way down from 15k a few weeks ago, difficulty needs to go 12.5T or price to 60k for those who bought S19s at 15k to actually ROI within a year or so, and honestly I don't see either happening anytime soon. With that being said, if someone is fully positioned in fiat and wants to start mining, the current prices are far less risky, it might be a good idea to start accumulating gears now, especially that it seems like the sideways boring market is going to last for a few months, it's the best time for mining as it easily beats the buy-n-hodl model. best comment here, but where do u buy the hw? I'm here in asia, and I don't see any, everything is 'out of stock', hdd's, gpu's, .. power-supplys all is GONE I agree with u timing is all, last summer I was buying new RTx-3070's for $300, now sold on amazon for $2k usd Where are these good deals on bitmain miners? Certainly 'weak hands' should be folding in this current carnage, but where are the deals? |
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I really dont think mining operations would move to Iran.
China has cheap hardware to sell, and they also have the biggest hydroelectric power plants in the world, which means one of the cheapest energy in the world
.iran has power shortages as you mentioned, ofc the energy is not cheap, as it is scarce. Also, hardware are not cheap there...
In the past five years there is an enormous water shortage in ASIA, not unlike what you have western usa, this is why the miners moved to coal burning areas. The rivers in China have been dry for years. |
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Enormous country, your talking about 1% of the country; the banking is a big deal for retail, but bitcoin originated by meeting in public, so it returns
Also GPU&HDD mining are enormous now in China, ppl use laptops to do GPU(ETH), and HDD(chia) is popular, so while bitcoin has been slapped, mining is not extinct
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I've never bought anything from alibaba before and im about to drop five figures on what will probably be s19s or s19j/s19jpros.
I know to use trade assurance, and look for a verified buyer, but I was wondering if anyone had any tips about the process.
Also, I was wondering if most people mine exclusively btc, or is there more splitting of resources. Thanks.
The process if quite the same than ordering anywhere else. If you have a good seller, just run and mine my friend ! You could mine BTC, BCH, DGB and some others with a SHA256 machine. I always had good experiences with used chinese Antminer. They came in 5 days in general (I'm in Europe) and only had 32 euros of tax for each machine. I'm here in ASIA and I have terrible problems with alibaba, certainly that's it "Find a good seller", how are u going to do that? The only way a person can get rich in CHINA is to cheat the buyer, and honest guy always loses in China. The trouble now is that alibaba takes 10% on an order in fee's whether it ships, cancels or not, and if they send what is not ordered, it always costs more to return, than they think cost, and if u do return, they always deny they got the return; The seller has all the power on alibaba.com the buyer has no power. Sure find a 'good seller', they'll lie tell u what you want to hear, buy one, and see; Might take years to find this 'unicorn', a better proposition is somebody on this forum tell us about this good seller? I have been here 20 years, I buy from baba weekly, and I have never found a 'good seller' of used equipment. |
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I get kids asking me here in asia, if anybody is selling, IMHO I say no, because I think they're just moving out of certain regions of china, boxing the equipment and finding a new home,
Trouble in recent years is everybody was mining in one place, where they had cheap coal, the water is real low, so hydro ain't avail anymore cheap
Anybody see anything? So I can tell these kids?
Sure I can go on alibaba.com and there is a ton of 'used crap' like 5+ year old s-12's that do 20th, but generally the stuff is smoked out, and 90% of the time it never ship's and alibaba still gets paid, whether it ships or not, or even if it gets shipped its usually not what was described an return shipping costs more than it cost to buy in the first place, and then they just deny they ever got it back, virtually impossible to 'correct'
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EBAY is used shiitttttte Here in ASIA HDD's are not avail, even 2tb are sold out, last 6tb I bought was two months ago, it cost $350 USD, and that took a lot of shopping I usually buy 12tb from amazon for $350, but now amazon uk has 14tbs for $350, but they're usb 3.0, and not 7200 rpm I see lots of good deals on NEWEGG, but sadly they only ship to the NA market Sure there are chinese companys on alibaba selling red wd 18tb drives for $100 USD, and the reviews tell all; essentially its stuff that WD tosses in the garbage, they ship a drive all right, they never said it would operate; ebay is the same scam selling used drives out of warranty |
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WOW, so much mis-information on here.
First, if you want to "Compare HDD mining to GPU mining"
Then fine, but limit it to these coins -
bitcoinhd
burstcoin
litecoinhd
diskcoin
hddcash
xrphd
mass MassMASS
Comparing PoC HW prices to PoW GPU hw prices, how the scam largely made GPU's unavail, and now HDD's are unavail, that is the OP; not sure about where the butt-hurt about defining the 'PoC' comes from. WRT you issue, ... https://miningpoolstats.stream/bitcoinhd BitcoinHDBHD burstcoin BurstCoinBURST litecoinhd LitecoinHDLHD diskcoin DiskcoinDISC hddcash HDD.CashHDD xrphd XRPHDXHD mass MassMASS chia ChiaXCH arweave ArweaveAR Take this up with the POOLS, ask them why they put arweave in with burst? Don't ask me, or this OP. WRT to arweave https://www.arweave.org/ I suggest U visit their own site where they say "We're a data-storage coin", so all this begs the question, who is right about anything?
I just wanted to ask about this trend of sending our HW prices to the moon for bullshit crypto hysterias. |
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So we can all confirm that CHIA sucks,
But what about the price of HDD's going 4x or higher,... Just like GPU's
All the HW is now out of reach for normal people doing normal stuff, even security HDD's are now un-affordable for small biz
U all understand that CHIA is/was promoted by WD & SAMSUNG, they were jealous of Nvidia
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