I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality. I staked 40 ETH (Max at the time) in May 2021. Then in February 2022 I added another 28 ETH. So for the past year, I staked 68 ETH on Coinbase. Coinbase takes a 25% admin fee. I have ETH on Binance also but not staking it currently. I can make more with solo staking but am then responsible for configuration, maintenance, updates, etc. As well as the electrical costs associated with the validator. I already have the hardware and I think the electrical costs should not be too bad. We occasionally lose internet and storm-related power outages once or twice yearly. Not sure if these outages would impact the validators much. So you have over $100k on an centralized exchange, which can be hacked every time and this for an interest of $7k in 2 years? Not worth the risk  There are much better and safer opportunities. I agree but worse yet eth has crashed vs dollar. eth was 4000 in may 2021 it is 1880 now. Eth was 2500 in feb 2022 it is 1880. so 40 x 4000 = 160,000 and 28 x 2500 = 70,000 total $ value invested = 230,000 coins are 68 x 1850 = 125,800. 3.75% x 68 = 2.55 coins a year or maybe 5 coins or maybe 9250 cash so if he cashes in 125,800 + 9250 = 135,050 230,000 = 135,050 he has a long way to break even. As for the USD if you live in the USA and it hyper inflates the country will fall apart. Hyperinflation means 50% per month. https://www.investopedia.com/terms/h/hyperinflation.asp"What Is Hyperinflation? Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.' SO may 2021 1 dollar for a dozen eggs means June 2021 >>>>> 1.50 July. 2021 >>>>> 2.25 August 2021 >>> 3.37 Sept 2021 >>>> 5.06 Oct 2021 >>>>> 7.59 Nov 2021 >>>>> 11.38 Dec 2021 >>>>> 17.07 Jan 2022 >>>>> 25.60 Feb 2022 >>>>> 38.40 Mar 2022 >>>>> 57.61 Apr 2022 >>>>> 84.41 May 2022 >>>> 129.62 June 194.43 July 291.65 Aug 437.48 Sept 656.20 Oct 984.34 Nov 1476.51 Dec 2214.76 Jan 3322.14 Feb 4983.22 Mar 7474.83 Apr 11212.24 this would be todays price of eggs if we had hyperinflation I saw eggs at 3.99 this week if you live in the USA and are planning for hyperinflation you should be 1) buying food the keeps for years 2) putting in solar with off grid battery ability 3) own an all electric car 4) lots of guns and ammo Frankly if the USA were to suffer real hyperinflation we have 400 million guns. A shit ton of people would be shooting each other. As for Eth and staking. I rather be staking I bonds but the limit is 10 k a year. Staking eth at 1850 a coin on coinbase is fine, but also think about some I bonds = For USA citizens only |
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nice we rally back to 29.7k and we drop in diff https://www.bitrawr.com/difficulty-estimatorLatest Block: 787108 (11 minutes ago) Current Pace: 95.9536% (869 / 905.65 expected, 36.65 behind)Previous Difficulty: 47887764338536.25 Current Difficulty: 48712405953118.43 Next Difficulty: between 46769607060434 and 47381310775694 Next Difficulty Change: between -3.9883% and -2.7326% Previous Retarget: last Thursday at 5:52 AM (+1.7220%) Next Retarget (earliest): May 4, 2023 at 3:27 PM (in 8d 2h 38m 29s) Next Retarget (latest): May 4, 2023 at 8:02 PM (in 8d 7h 13m 41s) Projected Epoch Length: between 14d 9h 34m 57s and 14d 14h 10m 9s Copy stats to clipboard Latest Block: 787232 (24 minutes ago) Current Pace: 94.7607% (993 / 1047.90 expected, 54.9 behind)Previous Difficulty: 47887764338536.25 Current Difficulty: 48712405953118.43 Next Difficulty: between 46184393268994 and 46809922782042 Next Difficulty Change: between -5.1897% and -3.9055% Previous Retarget: April 20, 2023 at 5:52 AM (+1.7220%) Next Retarget (earliest): May 4, 2023 at 7:39 PM (in 7d 7h 8m 35s) Next Retarget (latest): May 5, 2023 at 12:26 AM (in 7d 11h 55m 36s) Projected Epoch Length: between 14d 13h 47m 37s and 14d 18h 34m 38s Copy stats to clipboard price at 29.1k nice diff drop. |
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I got vetoed. We watched Puss 'n Boots instead. just wanted a bigger picture of her |
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2040
0.195 btc lets argue .205 in fees total btc is .4
6.4 x 30000 = 192,000 a block
.4 x 480000 = 192,000 a block
so lets argue that efficiency is 2x
lets argue that diff is 2x
miners would profit pretty much the same as now…
so they are happy.
but the marketcap grew to about 9.6 trillion
and for miners to be happy i made power used flat =unlikely and gear value pretty much flat = unlikely
i also made fees raise from about .15 a block to .20 (loose rounding)
96000 in fees maybe 1000tx in a block = 96 usd for fees.
1 dollar fee now is decent
96 dollar fee in only 17 years is not good.
as coin goes up 16x and fee goes up 96x
It is hard to see this staying very stable even by 2040
3.125
1.56125
0.780625
0.3903125
0.0195xxxx 2040. plug in your numbers here.
I am thinking lower coin prices for this to work.
more than higher numbers.
100k a coin forces less gear and less difficulty which could balance system. in the 2040 time frame.
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CryptoHFs-If people talk b***s***, I will ignore them. If people are very hateful, I will ignore them. It is not childish to ignore hateful, bigoted, anti-intellectual chlurmcks. And talking about how my idea will fail just because I refuse to openly communicate with those who hate me makes you look like a worthless @$$hole, so you really need to stop this! You are sick! I would rather discuss the merits and demerits of innovations, but people here are such blowhards that I cannot have a decent conversation with them!
Actually you and I are on opposite sides of a dream (or future) Mine is one with nearly infinite energy ie fusion. Your is one with nearly infinite efficiency ie reverse computation. Frankly I thank you as I have always pointed my efforts at fusion/sun/solar. I will read more on reverse computing. |
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philipma1957-I am not willing to look at your reply since I am ignoring you. If you want to communicate to me, then please get a third party to relay your message.
Anyone feel like quoting me today so he can learn to post in the correct section. |
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Please note this is the bitcoin btc section. It is reserved for btc and the sha 256 algorithm. Your two threads are about the circcash algorithm and thus belong in altcoin mining section. https://bitcointalk.org/index.php?board=160.0please move you threads there. I am interested in the idea of pc’s using 1% the energy of current pc’s as we all know much like the gallon of gasoline the transistor chip has its limits. I am willing to point a few cpus towards your algo and discuss it in the proper section of this website. |
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philipma1957-You are ignored. I am not responding to your comment because I am very confident that you have not said anything of substance. I am confident that you instead hate me because I am educated. It is best if you leave this site. It is a shame that this site has been taken over by chlurmcks who simply hate scientific advancement.
I was reading this idea of yours and wondered if you have gained a lot in practical application of reverse computing. Interesting idea if it ever works. Since the sun works and clearly has demonstrated fusion to us my thoughts have been towards energy creation. Which is why I am practically developing the bridge to fusion with my solar array. Your energy conservation idea is revolutionary if it works. You have to have a lot of faith to do things in your direction as I believe no large scale model is available to model your software you are looking to make nothing out of something. I see the sun and am fairly sure that fusion is real. But to actually believe you can make a working practical reverse computer that spends under 1% of the energy required for a standard computer is pretty nice idea. Unfortunately your thread is not about mining btc. It is about your own algorithm cirrcash which by definition means it does not belong in this section. The circcash algorithm is not the sha256 algorithm which means you are posting in the wrong section. this section below is where you need to move this thread: https://bitcointalk.org/index.php?board=160.0have you had many people point gear to circcash? It seems to be a worthwhile idea. I have a few pcs I could point to your algorithm. Please note bitcointalk has rules about where to post. sha256 section is not for your algorithm circcash. |
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philipma1957-You are ^@#$@#$ %)#_#$. You clearly do not know the difference between a Joule, a Watt, a horsepower, and other units. You lack education. And you are too arrogant to realize that you lack education.
A kilowatt costs 3 to 15 cents for most miners This includes all delivery costs. A megawatt costs 30 to 150 usd The solar arrays I developed will produce around 18000 megawatts in the next 30 years. At 50 dollars a megawatt that is 900,000 usd in power value. amps volts watts joules are not needed to be defined. Or even understood for my point to be taken. I create solar arrays with btc profits. My only need of knowledge for a watt is what value can I be paid for burning it via mining any coin. Once determine the value of burning a watt I can decide if I want to use the profit from it to make more solar. If I could add solar for the next ten years. My daily solar output may grow as high a 10 megawatts vs the 1.7 megawatts I do now each day. Which would mean 6 x 18,000 = 108,000 megawatts over the next 30 years. I would gladly mine a dual wrapped btc/fusion power algorithm. But it does not exist. I think many miners would mine any coin of value btc or whatever if you provide a wrapped btc/algo angle. Let me know if you write one and I will point my gpus at it as long as it profit enough for me to continue my solar array growth. Peace out. |
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I’m starting to worry that the correction might go deeper. I’m usually a good reverse indicator though so it probably means the bottom is in for now  Hoping for a rally back to $30,000 this week. We do not want to see the prove move down to the lower $20,000’s. HODL strong boys! Agreed. Since my DCA will trigger next Monday, the price should be back over $30k before. my dca is this weds. so we rally mon and tues |
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I was "playing" with bitcoin numbers and have some thoughts on the matter.
Tops ($): 31, 1160, 19780, 68900
To me, it looks like the ATH number 'should have been' $154000 instead of $68900 in the prior peak.
Therefore, it suggests that it was not a "natural" progression, but interference from multiple sources (we all know that Chinese interfered first by shutting down mining and then the rally simply run out of steam due to time constrains plus the beginning of a tightening cycle). In the case of "natural progression" the multiplier might have been 7.8X in a 37X, 17X, 7.8X series-those are multiples from the prior post-halving ATH (and I don't count first peak in 2013). Therefore, the next (2024-2025) peak theoretically should be a 3.58X of the prior peak (which should have been 154K), suggesting a higher bound value of 551K and a lower bound of 246.9K (a product of 68.9X3.58). This suggests that if left alone, bitcoin could produce a super-cycle to "compensate" for the prior cycle underachievement.
However, the trough series are more menacing:
Bottoms: 2, 175, 3200, 15700 (tentatively)
Therefore, the multiple in these series are 87.5X, 18.3X and 4.9X, suggesting that the next trough would be maybe at 1.6X of 15700 or 24600.
If next trough to peak is 0.3 (3 percentage points better than 77% in the current cycle), this would suggest ATH of "only" 82K, which would be a disappointment to many, including myself.
TL;DR The cycle got messed with last time and it is not clear if there would be a "rebound' to the "natural" progression in the form of a 'super-cycle" or not. If yes, then 246-551K is achievable and if not, we might peak at much more pedestrian 82K.
so 82-246-551 are your three separate possible tops for 2025. |
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Where them 30’s at
After the fed does its may 2 + 0.25% jump. the 30's will come. |
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ok, you are right...
Yes. philipma1957- "About 18000 megawatts for their useful life."-I just checked and the entire Bitcoin network consumes about 18000 megawatts of power. You clearly do not know anything about anything because you are a useless chlurmck. 1.7 megawatts daily x 365 days = 620.5 megawatts a year x 30 years = drumroll 18615 megawatts for their use life. I would like to think a person with a Phd in 'sciences' and mathematics could do the simple math. You only proved you do not understand solar array terms such as "useful life" and or do not know how to multiply 1.7mw (daily) By 365 (days in a year) by 30 (useful life in years) Now to go to your argument of find a nice math "al gore rhythm" ,inventor of the internet if the pun is too obscure for you. Use it to solve for both btc and a use scientific problem I actually think it is a great idea on your part. World class actually. So using gpus link an "al gore rhythm" to the conflux/octopus algorithm and this dual algorithm replaces sha 256. It needs to be gpus and needs to be complex enough to not allow asics to crack it. My education is tri-fold Accounting/Economics/IT My degree is In accounting. Solving great scientific problems is cool but $$$ or (B) (B) (B) will be needed to incentivizing the mining. I look at all mining as a dollar per watt game. I want to solve world problems and at the moment I contribute future pollution free energy to the tune of 18,600 megawatts of power over the useful life of the arrays which were incentives by mining multiple algorithms. Such as : BTC LTC DOGE ETC ETH ZIL CFX I am an equal opportunist and would mine any coin that allows me profits to expand solar energy. My play is Solar energy not BTC,LTC,DOGE or what ever say Cure cancer coin better yet make an algorithm that combines Fusion energy development research + BTC With my solar as the bridge and humanity no longer has to worry about energy shortages. So yeah I like the idea of wrapping the btc coin with fusion power solve into a gpu friendly algorithm . Hey see if you can write it up I will point my solar powered gpus at it. Good luck with the new algorithm . Be happy that guys that saw a chance to develop solar arrays will be able to mine that algorithm when it is set up. peace out. |
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haha fittingly.. If you think they’re mad now, just wait until @elonmusk puts badges on Epstein clients: https://twitter.com/EndWokeness/status/1649961280478797827not to defend him but that leg and foot could belong to an 18-25 year old. ...
I thought about that too.. How long would you guess that foot measures? it looks smaller than his hand yeah I did six or seven holds of my size 11 feet with my large hands glove size 9 . the heel of my hand lined up to my foot is two inches shorter than my size 11 hand. usa sizes . I am around 6ft just the beginning of large. i looked up size 4.5 american women feet they are 8.5 inches so my hand would be ½ inch bigger than a women with a size 4.5 I also held my left foot with my left hand and it does look a lot like my hand is the same size as my foot. Prospective makes the hand look bigger as it is closer to your eye. Or in the photo. But who knows. |
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Do you know how many solar arrays btc mining ⛏️ has funded?
Do you know how many megawatts a year my partners and I produce with our solar arrays built with funding from btc?
you don’t. so for all your education you left out major information in your arguments.
our arrays dedicated to mining make 600 megawatts in a year.
About 18000 megawatts for their useful life.
The btc rewards were the extra financial boost we need to get then done.
I get that using asics to solve different scientific problems can help people. But asics mining btc can greatly expand the worlds solar arrays especially when you grid tie them.
A far bigger issue is grid power companies in the world that don’t net meter your solar array.
Do some research on that and you will find that many places do not require net meter on solar power.
This is far worse problem than btc mining as it hinders the boost that solar arrays can do for the world wide grid.
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reminded me of this:  I don't know if it's real. But interestingly, I couldn't find this pic through any normal search engine like google or duckduck. I had to use Gibiru, even though this pic is still on Twitter. Doesn't look like the same interior to me. not to defend him but that leg and foot could belong to an 18-25 year old. also the pillows in the foot shot have tapered edges and in the pedo epstein shot they look squarish on the edges. |
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The consumption of a large city in Russia up to a million people is about 1000 megawatts
Ok but there is a huge difference between consumption and actual supply, of course in places where it's cold most of the time and the main source for heating is gas, the need for power is pretty limited which is pretty much the case for the majority of Russia, but that doesn't mean the high-voltage grid is limited to that, there could be a power station able to deliver 5000MW but only 1000MW of that is used, the available 4000MW can be somehow easily deployed for mining operations. The thing about mining is that it cares less about the location, usually, the issue with electricity is transmission rather than generation, to transfer that 4000MW to the nearest city it's going to be a very expensive job, but it's easier to bring your mining containers next to the source of power in the middle of nowhere. Now this begs the question, is Russia limited to power generation or just transmission? YEAH those high power transmission line are very costly to build and lose energy for every 10 miles a lot of power is lost.
a 380 to 400 kv line vs a 745kv line from wiki: 'For example, a 100 mi (160 km) span at 765 kV carrying 1000 MW of power can have losses of 0.5% to 1.1%. A 345 kV line carrying the same load across the same distance has losses of 4.2%'. from wiki
5.0 mega watts at best to 42.0 megawatts at worst is a lot of power to lose for a short transport (100 miles is short for Russia) |
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"If God had meant us to fly he'd have given us wings." It is cruel to demand from the euro what is impossible for its kind. Thanks for a morning chuckle |
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