OCEAN's block included 1571 inscriptions (Ordinal NFT images and BRC-20 tokens alike): https://ordinals.com/block/000000000000000000009ef7ac2c30976bc7e05c2cdab10e5a5de7efd96492a7So... These rumors about censorship weren't true at all!? One has to wonder why these rumors weren't addressed in a more direct manner but hey... Good do know it was just FUD. The pool is only active for a few days. Sooner than later it should allow for public access to its block template API and people will be able to bring it under all the scrutiny they want with even more transparency. Until they are proven censorship would probably not a good idea as the blowback would be enormous. With that being said, look at the post I made last night about LukeJR and some of the things Block / Square / Dorsey have done: https://bitcointalk.org/index.php?topic=5341906.0If they can show they are a reliable pool and are behaving well they will get people to mine there, but and this is just my opinion, there are a lot of trust issues to overcome 1st. -Dave |
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Have you done any checks on the SSD? I spent a couple of hours the other day trying to figure out why a PC was so slow and it turned out the almost new SSD was failing SMART checks.
Was looking for malware, was checking running apps, etc. Till I finally ran crystaldisk and poof. But neither the PC or Windows put up a smart error.
-Dave
Hi Dave, no I haven't checked the disk. I think it's an exFAT, but I am not sure. Also I run Raspbian and I am not aware of what crystal disk is. Is it a tool? Crystaldiskinfo is a SMART https://en.wikipedia.org/wiki/Self-Monitoring,_Analysis_and_Reporting_Technology checker for drives for windows. I don't know of an equivalent for RPi, will have to look. But it does show what the drive thinks is going on it with it, not what Windows or what the PC itself thinks. They can for whatever reason hide / not report SMART issues. -Dave |
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Have you done any checks on the SSD? I spent a couple of hours the other day trying to figure out why a PC was so slow and it turned out the almost new SSD was failing SMART checks.
Was looking for malware, was checking running apps, etc. Till I finally ran crystaldisk and poof. But neither the PC or Windows put up a smart error.
-Dave
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Square has an ASIC research unit!?
Sort of, they bought the tech from intel when intel figured they could not make any money with it: https://www.coindesk.com/tech/2023/04/28/jack-dorseys-block-snaps-up-bitcoin-mining-chip-as-intel-winds-down-production/Although I must mention one downside. Looking at the website's FAQ section, the minimum payout is 0.01048576. For so much talk about pleb miners, a payout threshold that high is kinda disappointing. Perhaps it would be technically feasible to decrease to a lower minimum dynamically. Hopefully that'll get looked into in the pool's future.
Yeah, that is high. Back of the napkin math is about 60 days at 100 TH/s so someone with only a single miner would have to wait a while to get paid. That gets into opportunity costs, are you better off loosing whatever % with a FPPS pool then waiting on your BTCObviously, everyone will be different, but it's something to think about. -Dave |
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Thanks for the example, although those webpage doesn't mention anything about disabling Intel ME.
It was more about complaining that some products like those DON'T have it enabled properly and the lack of it working could cause issues later. Not so much as IME good vs IME bad but a IME is broken here and the manufactures are not admitting it and if Intel does something that matters with it later you could own a paperweight. I don't use those products normally, they would just be an emergency buy for a customer so I jotted down a note and 100% forgot about it till this came up. But from what I remember a lot of the industrial SBC do not have it enabled / working properly. Since when I am sourcing these kinds of things for customers it's usually more of a WE ARE DOWN WHAT CAN WE GET NOW situation, as opposed to lets figure out what is good here situation, none of it was really important to me at the time. I'll check if I have anything else about them, but I doubt it. -Dave |
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This is very interesting. Already the pool has more than 100 Pentahash per second judging by their own dashboard. https://mempool.space/mining puts current network hashrate at 479.8 EH/s. A good start, hopefully it'll grow bigger. One question I'm interested in asking, given Mr Luke's thoughts on Ordinals, will this pool mine BRC-20 and Ordinal NFT transactions in its blocks? I see it at 118.2 Ph/s from the top of the 1st page and from the list of miners. Also, looking here https://ocean.xyz/blocktemplate you can see the TXs that they plan to put into a block if they find one. So you can check the individual TXs to see if they have BRC-20 in them. -Dave |
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It's on his twitter https://twitter.com/ocean_mining/status/1729527427615932493Personally I don't think it's gong to do well, but that is just me. More and more people want FPPS or similar. And using other methods until they get larger is going to be a tough sell. But, he might get traction. Time will tell. -Dave |
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The issue comes down to we don't know what happened before or next.
If hackers got the private keys then they could just as easily sign the message. Unless he can provide a trail to those coins. i.e. here is my Coinbase account and here is where I sent them to that address. But, they you still have the issue of how compromised was he, do the hackers also have access to his Coinbase account. (Just using coinbase as an example)
I know others have blamed bad entropy. Although possible, it's more likely there are other reasons involved. Being blunt, it's not secure to leave a pile of cash out where people can look in the window of your house and see it. BUT leaving your front door open while it's there is more likely to get it stolen. NOT just because your door is open, but because your door being open will cause people to look over and see the cash. If they had to walk up to a closed front door and look in to see the pile of cash, although still not secure it's a lot more secure.
-Dave
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100% BS. Just clickbait at best. Give the video a thumbs down and move on.
As stated above, if it were true then all things encrypted would be screwed and crypto would be the least of our problems.
Math does not change because someone wants it to.
-Dave
No points for the star trek blazer? When he eats dinner on these then I'll give points. And yes, they are mine and yes I use them.  And if you care the forks and spoons are from Quarks from Deep Space 9. https://www.youtube.com/watch?v=GjohkkNM4hc&t=100sThe steak knife is from Ikea.
But seriously, when people just put things like that video out it's just crap. Goes in the same pile as the carburetor that could get 100mpg in a 1978 Buick. https://www.youtube.com/watch?v=2UwL6aLE-iQ
As with all things in science & math show your work and let people reproduce it. Otherwise you are just saying things without proof. Let other people dig into it and see what works and what does not. That is how its done. -Dave |
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Any reason you're avoiding the Raspberry Pi or other arm based SBC's? You will lose some performance, but most of them are more than capable of running a node and bisq and lightning. No you're not going to have the raw performance oh what year looking at now, but they are inexpensive and they do work.
-Dave
I've seen people mention ARM TrustZone pose some similarity with Intel Management Engine, where they have concern it could weaken security or even used as backdoor. As far as I know and I am probably wrong, they never fully supported it on the Pi. So I don't think it's much of a worry. You also have things like the RockPro64 and others that are based on different but similar hardware. There are also a lot of industrial SBC PCs that do not have any of the IME stuff but they are far from cheap so you would probably be better off getting one of the machines that @af_newbie mentioned. You can also still find older boards / CPUs out there that will work, but now you are putting decade+ hardware into 24/7 production. -Dave |
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Any reason you're avoiding the Raspberry Pi or other arm based SBC's? You will lose some performance, but most of them are more than capable of running a node and bisq and lightning. No you're not going to have the raw performance oh what year looking at now, but they are inexpensive and they do work.
-Dave
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Even in an extreme scenario where most of the hash rate is pro-censorship, there will still be a few pools which will not censor. And in such a scenario, the pro-censorship majority can simply ignore any blocks which include transactions they dislike. Any blocks mined by the non-censoring pools can just be re-orged out of the chain at will. As it turns out, bitcoin is not censorship resistant. It simply isn't being censored right now. If that happened I could see 2 things happening. 1) A fork war. 2) BTC loosing all it's value and it not mattering who mined what anyway since nobody would be using it anymore. No pool would really want to do that because they would probably see the same things and know that it would kill their business. -Dave |
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100% BS. Just clickbait at best. Give the video a thumbs down and move on.
As stated above, if it were true then all things encrypted would be screwed and crypto would be the least of our problems.
Math does not change because someone wants it to.
-Dave
I think you might be ignoring the concept of new mathematical branches. Nope, and let me add this point. Every legitimate math person publishes and does a lot of peer review and discussion. Nothing important would ever be on youtube before it's been reviewed, torn apart, and redone in a legitimate math journal. But you do what works for you. I'll be over here in reality. -Dave |
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100% BS. Just clickbait at best. Give the video a thumbs down and move on.
As stated above, if it were true then all things encrypted would be screwed and crypto would be the least of our problems.
Math does not change because someone wants it to.
-Dave
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I know it's been said here and several other places across the internet and probably in print too but this is more then likely going to be a disaster for Argentina.
The US central bank (Federal Reserve) is designed and setup to help the US. Not Argentina or any other country. You can't just go along for the ride. They FR can and will do things that are great for the US economy they can and will do things that may be not great for the US economy and everything in between.
How it will effect Argentina's economy is not important to them and if they do something that is good for the US but sinks Argentina into a decade of financial ruin. Then well it sucks to be them not our problem.
-Dave
Interesting take. I thought everybody was looking forward to seeing Argentina ditch the central bank to find their own solution. It has so far seemingly worked well for El Salvador, so Argentina has a guide to show them how they could be successful adoption Bitcoin as their national currency. I think predicting total disaster may be premature. But they didn't find their own solution. They are piggybacking on someone else's. Their GDP is only $490 billion and a lot of places report that to be an inflated number. Assuming it's true they have the economy of a medium US state. But here all the states play along with mostly the same rules. Argentina has their own rules. So even minor things like money movement can matter. Banks here have to report cash movement over $10k and a bunch of other things. If Argentina does not play by those same rules how long till people figure out it's a great place to launder money, then how long till other repercussions happen. How will businesses in the financial sector in Argentina work with that in terms of interest rates and liquidity? How will trade partners work with this? What exchange rate will be fixed with contracts that were on their old currency? What if they are trading with a US sanctioned country? And so on. It's a long path to get it done. I'm not saying it will not work out. Just pointing out that it's not a magic we are going to do this thing and it will work out. There are 1000s of moving parts that have to be figured out 1st. I think that's a bit of exaggeration, and mainly because two things
- the FR might f* u Argentina for 10 years but the current CB and government have done it for 40
- what the FR does might be good for the US and bad for Argentina, but looking at how diverse the US is, what's good for California and bad for Argentina might be an apocalypses for Montana, and we have an even better picture with the EU, some decision might suck for some but it's well better than how it was a few decades ago. Yeah 5-10% inflation sucks but coming from 100% in the 90's it's like a spa trip.
But the FR would not be able to pass something that is an apocalypse for Montana. That is kind of the point. It might be not great for Montana and perhaps actively bad for Utah. However, they would not allow a state / regional economy to implode since it would take more states with it. Doing something that causes Argentina to fall off the globe and Chile is now the southern tip of South America does not enter into the US FR thinking. -Dave |
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How did you change the gap limit in electrum? A bit of a discussion about it here: https://bitcointalk.org/index.php?topic=5316980.0Do you have a list of the addresses that payments were made to? And a general idea of how many? You could always use the iancoleman tool on an offline computer to generate the addresses and private keys and then copy them to an online PC. But if you are talking in the 100s or 1000s of addresses that would be a lot of time. -Dave |
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I know it's been said here and several other places across the internet and probably in print too but this is more then likely going to be a disaster for Argentina.
The US central bank (Federal Reserve) is designed and setup to help the US. Not Argentina or any other country. You can't just go along for the ride. They FR can and will do things that are great for the US economy they can and will do things that may be not great for the US economy and everything in between.
How it will effect Argentina's economy is not important to them and if they do something that is good for the US but sinks Argentina into a decade of financial ruin. Then well it sucks to be them not our problem.
-Dave
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