How is China different in terms of corruption, being led by mafias and powerful people, about control, oppression and every other properties of totaitarian states?
And when I discuss about those two, I'm referring about energy sources and mining equipment. If Russia can buy cheaper from China, just because of their "friendship", why would they buy from USA? And if they can be a strong alliance, why would they want to do business more with someone that are not their friends at any level right now?
And the mining business has nothing to do with unskilled jobs, btw. It's exactly the opposite
First of all, Russia and China are not friends. Countries with ambition to control the world like USA, China, Russia, UK, Germany, can't really befriend with each-other. Collaboration is possible and I agree with you on that but not on friendship. And what I am saying is that why will China sell equipment in discount to Russia when the USA is there to pay more? And Chinese economy is very much linked with the USA, Europe, Japan, South Korea. And bitcoin mining is not a strategic industry for Chinese government, it's a commercial business in that country and in commercial business, the one who pays the most, gets the product. Russians can't outweigh American bidders and Chinese businessmen aren't going to reduce profit to benefit Russians. So, all I say is that if things go like there is a huge buying competition between the Russia and America, Americans will outweigh Russians and Chinese businessmen will prefer more profit. In bad case, if China says that it's a strategic business and we will only sell miners to Russians and if Americans think that it's also a strategic business, then they'll invest in the development of Asic miners and America has resources to succeed in it but that won't happen, believe me, otherwise they'll turn quantum computers toward bitcoin mining process. And in the worst case, if China and Russia takeover Bitcoin mining business, there is always a solution, just abandon it and move on different coin, or make a fork and move from PoW to PoS. I think we talk about things that are unlikely to happen and things don't work the way you post. With that logic, we can say that what if China stops iPhone production and produce Russian smartphones, blabla. I do not agree that Russia will take over bitcoin mining in order to grow to the level of China before the flight of miners. Such investments may not pay off, and the state does not need it if you read the latest news about Russia. And China will sell asics to all customers. Hoping you are okay and things calm down a bit. |
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As long as there is a free market, the difficulty will always follow price, there is no ceiling, and price moves a lot faster, but hashrate will eventually come.
Now realistically, I don't see us doubling on difficulty for at least a couple of years, even if the price does manage to hit 200k we will still have the halving which makes the value of those 200k equal to just 100k, and then by the time we climb up to say 400k, another halving will come, so this can't be price doing 2x ATH and difficulty doubling forever, I think we will soon (3-5 years) reach a sort of flat curve on both price and hashrate.
That would be the normal outcome but there are a few variables: - recession and manufacturing drop, which means more available cheap energy almost everywhere - the money printing starts again and easy credits and easy investment money are back on the loose - although I doubt it, some serious improvement in chip efficiency, 15J/T maybe I tend to agree with your reasoning but at the same time, I won't be surprised to see the hash rate hit 80-90T even with the price around 50k. From a miner's perspective it might have no logic, but for some "investors", god knows what's the logic behind their actions. good chance this is Texas and its heatwave.
1 Month: 1 Foundry USA 32.25 % 1,415 1 Week: 1 Foundry USA 31.43 % 112.76 EH/s 3 Days: 1 Foundry USA 32.24 % 115.67 EH/s 24 H: 1 Foundry USA 35.97 % 129.05 EH/s Hmm, not convinced! how closed is foundry? Is it 100% Texas USA miners? Did some research and they have 3 spots NY TX South Dakota. NY has had cool weather. |
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It's all about LUCK or TIMING!
Getting the right nonce, submitting the correct share, and at the right time.
Who knows how many other miners had the correct solution but submitted their shares after the first correct one.
you would likely hit the next block. Ie a 53t wins and a minute later a 54t wins. sometimes two winning number hit close to the same time and one pushes the other out more often two close high shares win two blocks . |
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For the life of me I can’t understand running an s5 why not run a L3+ set it to nicehash which will pay in btc.
I run an L3+ as a space heater. set to 400 mh vs 500 mh it burns 565 watts. it earns 80 cents a day.
the s-5 earns under 10 cents a day.
pretend power is free. the L3+ earns at least seven times the coin.
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Putin has several planes. He is often not in the capital, because he is extremely worried about his safety. So the fact that he probably left Moscow does not mean anything yet. And even if the rebel troops in Russia take over, this should not necessarily play in favor of the growth of the bitcoin rate. Yeah it could be “Meet the new boss same as the old boss” by the who Well time will tell. |
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Imagine if someone makes an "experimental and innovative" nuclear reactor that explodes and gives radiation sickness + cancer to hundreds of thousands. Or someone makes an "experimental and innovative" dam that collapses and floods houses. Invisible hand of the market won't be able to undo the damage or prevent it in the future from repeating again.
Those examples you give are too exaggerated to the point of being unrealistic. For me, the amount of regulations should be reduced to the minimum possible, as well as taxes, but for example for the nuclear or the petrochemical industry, of course there must be regulations. Besides, today we are not exactly lacking in regulations. There are thousands and thousands of pages regulating ad nauseam for even if you want to open a fucking souvenir store. Besides, if the creator of the submarine violated the regulations, he committed a crime to begin with. Well the highseas have very few rules. He dodged certification because he operated the sub only in international waters. At least one of the dead was the ceo of the sub company. |
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On the one hand, if the OP is correct, you will receive the cheater's weekly payment, as the rules say in the OP of the signature campaign. On the other hand, to be on the safe side, you better pass them through at least three detectors, as you can see in the following thread: AI Spam Report Reference ThreadI am for the integration of AI in the forum, just as it is already happening in real life, but not just copy-paste. Also, I can see that he has one negative tag and another neutral but of negative spirit, so I think the future on this forum looks bleak for him, unless he changes his behavior right now. Yeah best solution is that. We all use google and bing for decades to search. If you link and credit what you used for a source not an issue. If you do a one or two paragraph ai post showing the question showing the answer and making a opinion or comment to it its not a big deal. Its all about explaining your sources and links with possible opinions on what you found. |
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I really wouldn't be surprised or disappointed if bitcoin price tests the low support below $20k again in 2023 (but I'm sure it won't). Even though bitcoin is still trading above $24k at the moment, the possibility of a drop cannot be ignored. I don't think prices will hold well over the next few months, so of course I need to set up a budget to plan my purchases and build a strong portfolio.
Don't panic, do some analysis and collect some bitcoins if you have more budget. I will be doing this for the rest of the year and hope it will benefit me for years to come. Don't sell at loss, that's good advice for anyone holding it so far.
So far you do not look good with this thread. But maybe you are right who knows. |
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...big ass snip ... Bitcoin Moving forward at a great speed. Last 2/3 days Bitcoin moving excellently. Near about 13% pumped already. I think now we are in bull market. After Long time Bitcoin price increasing continuously. I Think bear market is passed. Huge positive news coming continuously so bitcoin is pumping. Today i found out a good news i think it will creat positive impact on cryptocurrency market. Brazil’s largest Bank ITAU is joining National Association to Defend Bitcoin and crypto. I think for this positive news crypto market will pump. I wish in future more good news will come for crypto and bitcoin price will more high.
Fuck crypto. Fuck crypto means fuck all coins including btc "fuck shitcoins" is a better term JJG while you are a very clever bot reinventing language is not a good way to go. |
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we dropped again https://www.bitrawr.com/difficulty-estimatorLatest Block: 795624 (29 minutes ago) Current Pace: 96.7656% (1321 / 1365.16 expected, 44.16 behind) Previous Difficulty: 51234338863442.89 Current Difficulty: 52350439455487.47 Next Difficulty: between 50724264524924 and 50912221102078 Next Difficulty Change: between -3.1063% and -2.7473% Previous Retarget: June 14, 2023 at 7:09 AM (+2.1784%) Next Retarget (earliest): Wednesday at 5:03 PM (in 4d 22h 22m 13s) Next Retarget (latest): Wednesday at 6:23 PM (in 4d 23h 42m 18s) Projected Epoch Length: between 14d 9h 53m 46s and 14d 11h 13m 51s Copy stats to clipboard good chance this is Texas and its heatwave. Houston should have 10 in row at 100f Dallas about the same. Austin will be closer to 105 f . So we were +1 and now -3 With some luck next weds we are at 50t for the diff and 33k for the price. That would make for a good 2 week jump say June 26 to July 9 |
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329,105,275,012.7132
is not that close
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heat is a bitch although NJ,USA has been good so far this year.
NJ? Gotta say, I'd probably be shopping around for cheaper kWH. we are solar hybrid and have very good power rates |
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Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.
I don't think this is the real "up only" bull market pump. This is probably a usual intermediary cycle pump with afterwards corrections. We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years. if we are following the 2019 summer pattern you are likely correct. but we could be in the 2016 pattern and could be headed to very high numbers. I would guess you are 60-40 shot with your low guess I'm a Newbie and I probably don't understand, but... I has been checking all the charts including my Calendar... And I's almost certain, 99.9%, we're following the 2023 pattern!!! Bank on it! well if that is the case how about 103 in 23? BRO! I think you forgot the k. I dropped the k from 103k because I dropped the 20 from 2023 so 103 in23 is double nicknames. |
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Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.
I don't think this is the real "up only" bull market pump. This is probably a usual intermediary cycle pump with afterwards corrections. We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years. if we are following the 2019 summer pattern you are likely correct. but we could be in the 2016 pattern and could be headed to very high numbers. I would guess you are 60-40 shot with your low guess I'm a Newbie and I probably don't understand, but... I has been checking all the charts including my Calendar... And I's almost certain, 99.9%, we're following the 2023 pattern!!! Bank on it! well if that is the case how about 103 in 23? |
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Is that what the mod interface looks like? Interesting stats in the screenshot - Don't see the red "banned" text when I click the user. Nah, it's not mod interface. Nutildah is using Bpip.org extension that's why his interface is like that, if you want yours to look like that all you have to do is install the extension. https://bitcointalk.org/index.php?topic=5224821.0thank you kind of on topic below as mining is my version of buy and hold. We recently expanded the mine. some mining news below a quote of my post in my difficulty thread. a move from 26k to 30k and a diff drop of 2% is a very nice income boost for us. I do miss the good old days of running a mining farm! I am glad you are enjoying it! Keep it going as long as you can mate! Would love to see some photos of the mine (without breaking OpSec...) Last weekend, I threw away some custom made hotside/coldside housing for my S9, spent hours designing and engineering them for sound and heat control. There are some photos of 1 room using 150kwatts and 50 or so miners. mostly s19s and m50s https://bitcointalk.org/index.php?topic=5454122.0we have another room. which I don't have photos So 150 k-watts are about 510,000 btus of heat. My home furnace is 100,000 btus of heat so this is like running 5 home furnaces 24/7/365 heat is a bitch although NJ,USA has been good so far this year. |
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@philipma1957 any news? How are the Octotank? Loudness, Cooling?
zip no gear no part refund for the delay . pretty much a bust. |
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Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.
I don't think this is the real "up only" bull market pump. This is probably a usual intermediary cycle pump with afterwards corrections. We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years. if we are following the 2019 summer pattern you are likely correct. but we could be in the 2016 pattern and could be headed to very high numbers. I would guess you are 60-40 shot with your low guess |
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........
Let's enjoy the "spoils" of a much appreciated strong bull run.
Agreed!.. Lets enjoy the spoils! While this run off the bottom has indeed been impressive, I'm not yet counting my eggs. It feels like the newcomers in the market don't really understand the problems that Bitcoin faces and are instead looking to pump themselves to riches and bonuses. This will ultimately lead to the failure of Bitcoin. However, that is a long ways from where we are currently, so for now all you can really do is enjoy the ride and wait until a proper exit point when BTC has reached new all time highs. That's when I'll enjoy the spoils. Right now we are still less than half of the way to the recent high, so I'm not excited yet. I'll start becoming excited when we pass $50K and the FOMO begins anew. Once we get over 40k people will fomo especially if we get to 40k by 4th of July |
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