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Has nothing to do with the lows are more to due with the havling and contracts.
There were (are) a lot of miners in data centers that are under contract to be there. And....wait for it....they pay no matter what.
So you can either pay a lot and run the miners at a loss or pay a lot and get 0.
I am sure many of them timed their contracts to end around now. April 1 or April 15 or May 1 or May 15 kind of thing.
So we may see another drop as the last of them are shutdown and retired.
*With my own eyes I saw 300 Amps of gear being taken out this last weekend since their contract ran thought the May 1 (last Wed)
-Dave
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Also, don't seal coins or whatever in humid conditions. All you do is seal them in with damp air. This is not good.
Ask me how I know..... :-)
-Dave
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Yes they are reliable, at least for me having had a few for years and years now.
But.
1) As they say. The past does not indicate the future, I have no idea how the quality of their miners now.
2) Any maker can have a bad batch.
The other issue is unless you have cheap / free power you will not ROI for a long time. Too slow and not efficient enough. If you are using them as space heaters or similar then go for it. But don't think you are going to get rich. Unless you get lucky and whatever coin you are mining skyrockets in price.
-Dave
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Hello,
for the case there should be a power outage, will the entire blockchain be downloaded again or only the changes (since the outage)?
Thank you!
Loaded question. IF there was no corruption it *should* pick up where it left off more or less. BUT, if things were being written to the drive and corruption happened then you may need to start again. Sadly, the best answer is 'it depends' you can search the forum and see a lot of people who have had problems due to power blips. BUT, what you don't see are the countless people who had power issues and just kept on going with no problems when the power came back. We only see the problems. Kind of like my job, I only get calls when there is a problem. I don't get calls with people just wanting to say "Hi, the network is fine just wanted to let you know" -Dave |
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Damn, I used to use Gentoo on my desktop PC 20 years ago... what kind of crap has this distro become?  His mining pool reminds me of Netflix/modern video games -> "go woke, go broke" If you're stupid enough to leave money on the table for "holier than thou" reasons, why should I change your mind?  He is actually the opposite of woke, he is a Catholic: https://www.reddit.com/r/bitcoin_uncensored/comments/492ztl/lukejr_the_only_religion_people_have_a_right_to/Whatever, it's his pool people are free to mine there and make less BTC. It's good, more BTC for the rest of us. And this is just my opinion, some of the stratum [mine.ocean.xyz] servers are at Google. Nice to give $ to a company that has banned crypto ads and other crypto things while allowing people to litter their search results with crypto malware links and scams. -Dave |
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Let me guess, the AI response bots haven't indexed enough information about BIP119 so they aren't able to reply to this thread.
No one cares about a developer who created the controversial protocol and left the scene when he was questioned. X.com formerly known as Twitter is a platform where drunks come alive to vent their frustration. I think this is what he has done with those tweets, BTW, before being judgemental do think about other aspects as there are tons of articles published about BIP119 in the year 2022 a simple google search can do the work. The thing is this controversy happened during 2022 and since then the crypto community has grown tremendously and I have seen lots of beginners come in to this forum and I know for a fact that they might not know who Jeremy Rubin is anymore. BTW, before being judgemental do think about other aspects as there are tons of articles published about BIP119 in the year 2022 a simple google search can do the work.
To be fair not a lot of things come up with Jeremy Rubin when he is searched. Well it's 2 years later some peoples opinion of it my have changed. But with Jeremy Rubin's current attitude I don't know if it will get any support with only him pushing it. And you also have to take into consideration a fact that I have said several times about BTC and other crypro things is that a lot of people just don't care about the same things we do here. They want to spend their BTC or make money with their BTC or whatever. So with BIPs or anything else you have to tell / show people how it will do that. Beyond that, they just don't care. -Dave |
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All tissues are kleenex All photocopiers are Xerox All memecoins are coins. and so on. It's just the way it is and as others have pointed out earlier in this thread 99.999% of the people using and trading them for some quick profit and don't care. Not quite the same but..... https://www.youtube.com/watch?v=rRi8LptvFZY-Dave |
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Obviously everybody is free to use whatever suits them the best. In fact Ltc makes more sense than the other two for coffee transactions since it is fast, cheap and is as widely adopted as btc. I sorted them based on their privacy abilities. Monero is the most hardcore privacy oriented coin so people who demand the hardest privacy will use nothing but monero because it makes more sense. The biggest handicap of xmr is that it has low liquidity and that’s not a small problem. Especially when you want to cash out over a million usd.  People who demand the best privacy still prefer to use btc over monero because of that probably. It doesn’t have to be this or that in the end. There is a place for many alts in this market. Drifting a bit OT, but I don't think XMR has that low a liquidity. It's still trading $50 million a day. And it then follows that the more people use it the more that number will grow but people have to want to use it. And I don't think a lot of people care about privacy as much as we think. Most people want to pick out the stuff they want, pay for it and move on. Zero thought about privacy or what data tracking info is being sold. Which is why when Samourai gets seized, mixers get seized and so on the general thought of most people is 'meh...whatever' even people in crypto. It's just not something they care about. Which is also why XMR and a lot of privacy coins don't get a lot of traction, Just my view. -Dave |
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...You might be surprised by the number of failed forwards - 389 payments. Why are there so many of them? More than 95% of them failed at some further point in the route. It's difficult to tell how many of them were legitimate payments and not channel/route probing attempts. I used some website a couple of time to probe routes from/to my node and each time I would get another three failed payments.
I used to see a lot of that too, not so much anymore. Not sure why. What was also a bit odd was that they were for small amounts, as in a couple of sats at most. Was under the impression that is was more people testing things to see if they worked rather then probes. Probably does not matter that much.
Back to wallets: Zeus v0.8.4 was just released Back to wallet discussion: With more and more people using the 'nodes in a box' or the '1 click deploy' to run their own nodes there are some of these that make linking certain wallets easier. i.e. mynode has LNDHub the blue wallet back end built in and some easy links to show QR codes for others. Probably a fair amount to of work but might be worth when known what wallets have a 'simple add' to which of these nodes. Just a thought. -Dave |
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I just find the most interesting part that they stopped supporting people in the US and then just shut down. Nothing interesting. Blocking access to US people would be just another "precautionary" measure after the Samourai devs arrest, just like the blacklisting. Then, after acknowledging the risk, they said to shut it down sooner rather than later. ... A lot of casinos and exchanges are out there that just block US IPs and call it a day. And many of them move a lot more BTC in a day then Wasabi ever did. Not a 100% perfect analogy but if all some exchange is asking for is an email to withdraw 1 BTC or so a day you can move a lot of BTC somewhat easily. -Dave |
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Now that^^ is a good point.
Considering the payout most (non-solo) folks get from those pools it is highly unlikely that their solo users make up a significant portion of their block finds. That said, yes it would be interesting to be able to know how many they get.
...
A large(ish) issue is unless they tell us is that we will never know. We know the address that VIA mines to for the most part We know the tag that VIA has in most of their blocks. But if for privacy reasons (or other reasons) when mining solo their coinbase tag looks like one of the tags here: https://mempool.space/mining/pool/unknownProbably not, but there is no way to say 100% not. <shrug> Outside of academic interest does it really matter? -Dave |
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Stupid question because I am too lazy to look. I know Via BTC and a couple of other pools offer solo mining, do we know if they put anything different in the coinbase tag or does it just show as any other block? Does not really matter in the long run, but if it just shows as any of their other tags like the ones shown here: https://mempool.space/mining/pool/viabtcThen for all we know 1/2 of those blocks are solo blocks.... -Dave |
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But you can't use this LN in New York and other states that have restrictions... This is good example of fake decentralization and I wouldn't be surprised if Coinbase loses case against SEC, and if they ban all Lightning Network in US soon, just because they can Bitcoin is a permissionless and global currency, fuck restrictions. The issue here as far as I can tell is that although Coinbase has registered with the state of NY as a MSB and has a BitLicense the company they are dealing with to actually run the nodes does not. So, it's probably easier / cheaper for them just to exclude places then either 1) Do it themselves or 2) Find a LN provider that is in all the locations they need -Dave |
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Technically this loan *is* gambling.
But why be critical of this person taking out loans to gamble when there is another (ban evasion) user who is doing the same thing and you are facilitating their loans - why cherry pick who you are critical of when they are both lending to gamble? I'm not, but there is no profit here. A 3% per month loan on this amount is $180 a month. There are other lending opportunities here and other places that are 3x to 4x that. 1st line from the 1st post I only registered because there's no DeFi market currently that accepts RSR as collateral.
...
There is a reason for that. When people are putting out loans at 15% a month and will not even accept 5x the amount of your loan amount with that token as collateral for it really is just an unsecured loan. So for me the risk / reward is not there. Not saying it does not work for someone else. -Dave |
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Somehow this probability is always larger than I'd expect intuitively. Remember that if Foundry turned evil, it'd "migrate" its hashrate elsewhere. Therefore, the network would have less hashrate without noticing. It become even larger if you skip the "mine another block on a row". Foundry has 58% chance to re-write an alternative chain by simply re-writing the most recently mined block (1-conf). However, most of the nodes will have already accepted another chain, and probably most pools will be mining on that other chain. Therefore, they won't accomplish anything by rewriting the previous block. They need to rewrite the previous and mine one on top, so that everyone accepts this chain. And then what. Would other pools just stand there and take it or would they put a filter in that looks for foundry in the Coinbase tag and invalidate those blocks. AntPool and Via and F2 would crush Foundry out of existence if they really tried that. People would be screaming on both sides about it, but if any pool ever tried it would not last long. -Dave |
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I just find the most interesting part that they stopped supporting people in the US and then just shut down.
So were most of the TXs coming from the US or was there other pressure or my view, that most people everywhere were just not using it and there was no profit to be made and this is just a convenient excuse to get rid of the service.
-Dave
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Sure, use as much bandwitdh as you need!
You might want to but some sort of limits in. If a bot finds this it's going to hammer it till it fails.  It's happened before. Which is probably why most places put in limits. -Dave |
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