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May 26, 2024, 06:35:19 PM *
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41  Bitcoin / Legal / Re: Man Arrested for distributing and selling Hive RAT Malware on: May 01, 2024, 08:06:10 PM
From the Op's post:
Quote
the victim had “20k in bitcoin on a blockchain wallet”
Note that it says 20k in bitcoin. NOT 20k Bitcoins. Huge difference there...
As for the person arrested - hope he gets the maximum sentences.
42  Bitcoin / Mining / Re: Industrial Scale Natural Gas Mining on: May 01, 2024, 03:44:55 PM
No. I'd buy a generator that produces the voltage I need. Generators are not only available in a wide range of output voltages but also usually have several 'tap' settings that allow you to change the voltage about +/-20%.
43  Bitcoin / Mining / Re: Industrial Scale Natural Gas Mining on: May 01, 2024, 02:14:57 AM
Generators directly produce whatever voltage you need be it 240 or 480V. Yes you need distribution subpanels w/breakers same as you do with any power source. It's rather simple and straightforward.
44  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: May 01, 2024, 12:40:45 AM
How are we at war? Kindly pardon my ignorance here as a noob , I may not have fully understood. Although I have learned not to believe everything I read on the Internet but from the news publication if there's any truth to it, MemoryDealers broke the law and he is facing the consequences for it.
I agree with you 100%
As for folks decrying governments - for some reason especially the US - regulating the crypto currencies and taxing them, I have no problem with regulations and paying taxes on them. Let's face it - crypto is money. Why on earth would anyone think that governments would not want a piece of it (taxes) and regulate it as all other forms of money are?

In the US finance laws/rules often seem complex but are actually pretty clear cut. The complexity only comes from trying to evade them by looking for every possible loophole. Work within those guidelines and you are good. Push the boundaries or outright break them and yes, you will face legal problems. I've been a miner since 2014 and have had zero issues with the IRS simply because I pay what is owed.

Would I prefer to not be taxed? Sure. I'd also like to fly and spit diamonds but that is not how the world works.
45  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: April 30, 2024, 09:11:31 PM
...
Then the part where he changed citizenship and was required to pay exit tax - like WTF? The country bullies you, you decide you don't want to live there anymore, so they want you to pay them for leaving? What kind of law is that? I'm sure many people aren't even aware of such rule.
...
FYI: The US 'exit tax' has been in effect since 2008 and folks in the USA with money have always been well aware of it. Ver obviously was and paid what he thought would be enough to throw the IRS off his scent. Problem is -- he apparently took it further and lied about his US-based companies BTC holdings while continuing to extract a sizeable portion of it for himself after he changed his citizenship.
46  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: April 30, 2024, 07:15:05 PM
The Uniited States tax laws are insane. Despite several attempts to try and wrap my head around it, I hit a brick wall every time. It seems like a design intended to indict people rather than make the process easier for them, you have to figure out what to do and when to do it, otherwise you'll face prosecution....
Actually the IRS rules are pretty straight forward. I've never had any problems following them in dealing with my BTC earnings and transactions.

Then again - I'm not a mega millionaire hell bent on looking for every legal loophole and trying questionable interpretations of them to try and evade taxes.
47  Other / Politics & Society / Re: Americans Profits from War and Terrorism on: April 29, 2024, 04:39:14 PM
So Russia, China, North Korea & Iran *do not* profit from war and terrorism? Rrrriiiggghhttt... Roll Eyes
48  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 282 blocks solved! on: April 28, 2024, 10:26:26 PM
Congrats to the finder.

As for
Quote
and there is another bug in cgminer 4.12.1, you can see it here in the picture, the best share gets not reset after a block was found.
It's not a bug. There is no reason that a miner's Best Share should reset after a block is found as it is just a record for the best that particular miner has done. Just because someone found a block has nothing to do with it.
49  Bitcoin / Hardware / Re: A cross comparison of low power sha-256 miners you can buy today on: April 27, 2024, 08:54:28 PM
Before you lock it I should say that how USB-C devices handle being fed at straight 28vdc is -- questionable. The standard defaults to using 5v and uses inter-device handshake (negotiation) to use the higher voltages... I think that breakout cable will not have the logic in it to do that...

One ref on that is https://www.monolithicpower.com/en/usb-type-c-charging-connectors-design-optimization-and-interoperability
50  Other / Politics & Society / Re: Bitcoin users should be humanitarian for Palestinians. on: April 26, 2024, 01:35:58 PM
@ OP
Hamas started this latest cycle of conflict knowing full well that Israel would go apeshit crazy in retaliation. If they cared at all for their people they would release all of the hostages which in turn would remove most of Israel's justification in continuing the current conflict.

Thing is, Hamas DOES NOT care about the Palestinian people. They only want the destruction of Israel and are more than happy in continuing to sacrifice their own people as civilian meat-shields to do it.  
51  Other / Archival / Re: Samourai Wallet Founders Arrested and Charged With Money Laundering on: April 26, 2024, 01:52:10 AM
So the earlier thread about this wasn't good enough?... https://bitcointalk.org/index.php?topic=5494114.0
52  Bitcoin / Hardware / Re: A cross comparison of low power sha-256 miners you can buy today on: April 26, 2024, 12:16:52 AM
It also means increased complexity and therefore increased likelihood of failure, which increases the likelihood that you'll have to replace it sooner and/or more often, which spells profit.
No doubt as now even the cables have chips in them to report what the cable is able do and how much power it can deliver...

At OP: Do be aware that the psu you linked to supports usb-c fast charging which per the ad:
Quote
which is different from the ordinary USB charging interface in that it has a 5V/3.6A output that can quickly charge your mobile phones and or other devices or be used to charge the device to be repaired.
so that is NOT a USB-C PD multi-voltage port.

Here is a USB-C PD 3.1 cable good for the full 100w/240w allowed https://www.unitek-products.com/products/usb-c-power-delivery-3-1-charging-cable
53  Bitcoin / Hardware / Re: A cross comparison of low power sha-256 miners you can buy today on: April 24, 2024, 09:02:28 PM
I'm definitely interested in the Nano 3 but the power supply being USB C seems.... odd to me.
 ...
I'll be following this post with interest
The reason for USB-C or more precisely, USB-C PD, is simple: It is becoming the standard for DC power delivery to small(ish) devices. ref https://arstechnica.com/gadgets/2021/05/new-usb-c-type-2-1-standard-offers-up-to-240-w-power-delivery/
With PD's output voltage being negotiated between devices (5, 9, 12, 15, >20 & now 48v) it is a huge step to a truly 'universal' PSU.
54  Bitcoin / Mining / Re: Setup for mining bitcoin on: April 23, 2024, 01:56:20 PM
There is a section of the Forum just for you -- Beginners & Help. Use it.
Beyond that this same question is asked at least once a week. Folks, perhaps try scrolling through the pages before asking the same question over an over... The answers are already here for those who bother to take a little time and LOOK.
55  Bitcoin / Pools / Re: Mining pool success rate on: April 22, 2024, 10:50:25 PM
Quote
I don't understand this.
So, it's possible that a miner is trying to mine block number n+2, while block number n is the last block and the block number n+1 has not been mined.
Am I getting you correctly? If so, how is that possible? How can you mine block number n+2 without knowing the hash of block number n+1?

Isn't that all miners are trying to mine the block number n+1 and they start to mine block number n+2 once they receive block number n+1 and confirm that it's valid?
That is where the miner/pool connection times and latency come into play: ie how fast is the block found message transmitted and picked up by the other miners/pools. That can lead to orphan races where 2 or more nodes report a found block but their block has not yet been confirmed or declared block n. Which one of the blocks was was found 1st is not the important thing - which block is confirmed first is.

Until another miner picks it up, then builds their new work on it and then finds another block so the 'race' block is confirmed it's anyone's guess who will win out. That is the reason most companies will not consider a block to be valid until it is confirmed at least 3x. The Blockchain protocol itself does not consider a block to be fully valid until 101 confirmations but most companies are happy to take the risk with only 3 confirmations.
56  Bitcoin / Mining / Re: ☢️ Any mining farms powered by nuclear microreactors? ☢️ on: April 22, 2024, 05:27:24 PM
There are no existing micro-reactors operating in the world (yet). However at least 1 farm is powered by a conventional reactor https://www.coindesk.com/business/2023/03/06/terawulf-starts-nuclear-powered-bitcoin-mining-with-nearly-8000k-rigs-at-nautilus-facility/

as for
Quote
Hey, if Batman can build the Batcave under Wayne Manor then I wouldnt completely rule out the possibility of someone attempting a real-life supervillain lair to house their epic mining rig.
You DO know that Batman is a fictional comic book character right? What said character can or cannot do has nothing to do with reality...
57  Bitcoin / Mining / Re: Bitcoin Mining for Beginners on: April 22, 2024, 02:57:51 PM
Oh, perhaps checkout the Beginners & Help area of the Forum...
58  Other / Beginners & Help / Re: AT&T Residential and Mining on: April 19, 2024, 10:26:26 PM
AT&T and other ISP's in the US could care less about home or commercial mining and will do nothing. At least for Bitcoin, even a top-end miner uses very very little bandwidth. Something around 15MB per-day per miner.
59  Bitcoin / Mining / Re: New I would appreciate clarification about BitCoin Mining on: April 19, 2024, 09:30:51 PM
For a start, checkout the Beginners & Help area of the forum.
Aside from that all BTC miners use ASIC's - Application Specific Integrated Circuits. The chips are hard programed to do only one thing -- process the SHA-256 algorithm. That cannot be changed but it does mean that you can mine any coin that uses SHA-256.
60  Bitcoin / Project Development / Re: How do you know which companies to trust? Help us build a product around trust on: April 18, 2024, 07:24:02 PM
Quote
Products are built to solve a problem and address a need. Typically product people ask people their painpoints to see if we're solving the right problems. How else am I suppose to do this?
I agree 100%
Took your survey and will verify that no personal ID is collected other than whatever IP info the Google Survey scoops up. Everything further than that is up to you. eg giving an email if you want to engage in further discussion.

Thankfully I've never suffered any losses so don't fit your model but it is an interesting idea  Grin
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