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5561  Bitcoin / Mining support / Re: new to all this on: December 27, 2022, 12:49:24 AM
First off hive os for 2 s9 miners is basically stupid and a complication which has you stumped.


Second the apw3 will need 240 volts to run an s9 do you have 240 volt power or 120 volt power.
5562  Other / Politics & Society / Re: Should Ukraine Surrender? on: December 26, 2022, 09:18:37 PM
We're all away of the lingering crisis which has befallen Ukraine since its invasion by the Russian military. Since then all effort put in place to restore peace has so far proven abortive. Lives and properties have been destroyed and billions of dollars spent yet, Russia has refused to back off and Ukraine refused to surrender.

Now I'm pushed to ask if you were to be the Ukraine president, would you consider to surrender so as to stop this continuous destruction or prefer to continue the defense?

Putin needs to die two or three Russian generals need to "commit" suicide and then Russia can fully leave and also surrender the part of the Ukraine they took back in 2014.

All other endings will be a fucking mess for the entire world.

Russia can simple say this was Putin and the 2/3 dead generals fault and we gave you back the disputed part of Ukraine.

Then they can hunker down and figure a different way to win back the Ukraine. In 2056 or so.

This does not mean I flavor the Ukraine over Russia. It means I am a realist and the price to continue the war is too costly at this time. (for all the world not just for Ukraine or Russia)
5563  Other / Politics & Society / Re: If war starting soon where is the safest locations on: December 26, 2022, 09:04:44 PM
 Well Argentina , Chile and Mauritius all come to mind.

Most likely Argentina.

The problem with Mauritius is it is a smaller Island and if shit really got bad it may suffer food issues.

Both Argentina and Chile grow a lot of food.  Also Buenos Aires is a very nice City with good weather and food.

All three countries do not have strong ties to east or west. All three are south of the Equator.

5564  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2022, 07:48:26 PM
I went for 2025.

Although it could be Nov or Dec 2024
5565  Bitcoin / Bitcoin Discussion / Re: Should your wife or husband know your seed phrase? on: December 26, 2022, 05:14:33 PM
When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?


Should your wife or husband know your seed phrase? yes some plan is needed in case you drop dead.


My wife has access to two safe deposit boxes with info in them.
5566  Alternate cryptocurrencies / Altcoin Discussion / Re: The reason Dogecoin could fail in the future on: December 26, 2022, 05:01:42 PM
Dogecoin gained popularity due to its low cost as well as its welcoming community. Its community of users behind Dogecoin is involved on various social platforms, and it gained popularity specifically from Reddit.

Doge could fail because -
Dogecoin could fail in the near future due to its outdated blockchain technology. The Dogecoin blockchain is built on the Litecoin blockchain, which is based on Bitcoin's Blockchain.
One of the main issues with old blockchains is that they're not scalable. They are unable to manage large volumes of transactions without slowing down or mistakes.

Investors advice on investing in Dogecoin now as this is being the best time to purchase doge. Dogecoin prices are expected to rise as we approach the annual close. The increase in price fluctuations may eventually assist the price to soar and as per Coinpedia doge price prediction it will close the year at $0.118.

Are these cons going to result in dogecoin price failing or Elon Musk support for it make this coin price increase?


Wrong wrong wrong wrong.

Dogecoin is an improved setup as compared to btc or ltc.


dogecoin has cleverly solved the problem that plagues both BTC and LTC

the ½ is an issue and dogecoin no longer does it.

so every year doge adds an exact amount of coins which never ceases so miners will always get a reward.

But but But what about inflation.  Here is the genius of doge

year 5 there were 5x coins
year 6 there were 6x coins that is terrible 20% inflation

year 10 there were 10x coins hmm
year 11 there were 11x coin hmm inflation dropped from 20% a year to 10%

year 20 there will be 20x coins
year 21 there will be 21x coins wow only 5% inflation

year 50 there will be 50x coins
year 51 there will be 51x coins amazing now down to 2% inflation

year 100 there will be 100 x coins
year 101 there will be 101 x coins now we be at 1% inflation rate

if we develop fusion for electrical usage world wide doge is poised to last for thousands of years.
if we do not develop fusion for electrical usage world wide we are basically fucked.


To me the LTC/Doge concept is brilliant.

doge does 10x the blocks btc does.  so it scales at 10x easy peasy.

doge can be made to do larger blocks 32million size vs current size 1 million

so doge can do 32 x 10 = 320x more transactions then btc can do now.

btc does about 300,000 daily transactions so 320 x 300,000 = 96,000,000 possible divide by 2 and get 48 million daily transactions without an LN

network set in place.

Doge may have been disguised as a joke so as not to be targeted as the real and true threat it is to BTC and the truly dirty  POS coins like ETH.

But the reality is Doge is the best hope for the human race to survive and thrive not any other coin.



5567  Bitcoin / Mining / Re: Bitcoin's Future: What Happens When the Block Reward is Lower Than Fees? on: December 26, 2022, 04:42:35 PM


@ETFbitcoin
@BitDane
Attention please , just I asked for learning.

Assuming we are in 2072 where blocked rewards 0.0007629  BTC per every 10 minutes. And Halving BTC mined in cycle 160.2172 BTC

How can mining be commercially profitable in this situation seems very difficult to me.
Assuming that mining power consumption, electricity costs, and maintenance costs will be lower in a tech-driven economy, what will be the condition of the BTC market if BTC mining blocked mined cycle approach zero?


As I have said I do not look past 2056 I will be 99 and very likely dead or I simply won't care if BTC is working.

I see a lot of problems with BTC and current scaling issues and a shift to LTC/DOGE as a more likely solution than BTC continuing to work well.

UI have also made a case for BTC to still give out 21 million coins but to slow the ½ pace to 8 years vs 4 years.

this means 20 minutes for blocks
this means 144 blocks a day slows to 72 blocks
It means the remaining 2,000,000 coins are given out slower.
It means more incentive to use LN since the blockchain will be slower.

I have a thread on it.

https://bitcointalk.org/index.php?topic=5427871.msg61428479#msg61428479
5568  Alternate cryptocurrencies / Mining (Altcoins) / Re: DOGECOIN SOLO MINING on: December 26, 2022, 04:59:49 AM
I tried this before with various coins and algos and let me tell you that the variance will kill you and you will give up.

The issue is that say you should find 1 block per day. What happens if you don’t find a block on day 1 or 2 or 3 or 7? Will you still mine?

The variance will eventually make you quit and join a pool. If your hashrate was higher, say 10 blocks a day then i would say try it but with this little hash rate it’s not worth it.

Well it should take one year to hit a block.

We all know that a 200% luck meaning 2 years is not uncommon.

and his gear makes 3 bucks or so a day.

2x365x3= 2100 . for me I would take the sure 2100 over the 2 years.

and occasionally mine solo.
5569  Alternate cryptocurrencies / Mining (Altcoins) / Re: new ltc/doge scrypt hashblade on: December 26, 2022, 04:53:47 AM
I like the concept of a GPU form factor ASIC miner but, like Phillip said, too good [to be true].
It has to be made with available ASIC chips so the power claims are obviously out of line.

Shame as they use Norway as an honest country with good rules. Since I am 25% Norwegian descent I feel sullied a bit by their pitch on youtube.

Besides the earliest they will release it will be Dec 2023.

If it is real hashrate will rise like mad.
And it will be sabotaged like a mofo by bitmain.

I did put my name on their list to be notified.

But I very likely would not get them.
5570  Alternate cryptocurrencies / Mining (Altcoins) / Re: new ltc/doge scrypt hashblade on: December 26, 2022, 02:46:09 AM
just seen videos and informations on litecoin talk forum about a brand called lokotech, developing a scrypt hashblade that uses a gpu slot with asic chips to mine ltc and doge, according to them it produces 2gh/s and uses 150 watts.

i only found their videos of presentation in a conference its on youtube, youtubers talking about it, and their a company from norway, dont know much about them, there is no hashrate, no hardware for now, just promises, im.a bit skeptic about them, i know eventualy in time hardware and chips can be more eficient.

heres the link :

https://litecointalk.io/t/lokotech-scrypt-asic/56593

their website https://www.lokotech.no/

i have no affiliation with none of them, just to be clear.
some shiller youtubers have videos on this as well.

coments?



Too good.

the L7 does 9gh at 3000 watts

this claims 2gh at 150 watts


or
18 gh at 1350 watts


now that means 2x  L7 does 18gh at 6000 watts.


so we are talking a 6000/1350 = 4.444 to 1 improvement.

My guess is bogus as the 4.444 to 1 is simply too big of an improvment.
5571  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2022, 11:26:40 PM
Something is up:

<snip>So this really looks like a major mining capitulation.

Of course it is Christmas and a lot of people are off work but this is a big diff shift.

Very often large difficulty drops if sustained push the price down.

Be ready to a price drop into the 15k range. maybe the elusive 13/14k is in sight.

you get it exactly backwards, imho.

difficulty drop does not affect the price, it's the other way around.
why your thesis is incorrect: if difficulty drops cause price to decrease, then difficulty rise would have to cause price to increase, but we have almost 3X difficulty in comparison with Nov 2021 when bitcoin was at about 70K (more than 4X higher).

Once the price is "too low" the dificulty temporarily drops because marginal/unprofitable miners disconnect.
Once thing is right, though...typically two periods (or more) of significant difficulty drops indicate a price bottom (going forward).

Yeah normally that is correct.  But when china cut hash by 50% the day after I guaranteed 70k in May the market tanked from high 60's to 29k-30k.  We had the rare price drop filling diff drop.

we double topped back to high 60's in Nov 2021.  So When I see a 22% fall for the last 2 days I see the rare price follows difficulty possibility coming from now to Jan 17. Be ready for it. I am.

Now the caveat is we need to do the 22-30% diff drop.  we are only at -22% for 2-3 days.  Needs to follow until Jan and be -20%
5572  Alternate cryptocurrencies / Mining (Altcoins) / Re: DOGECOIN SOLO MINING on: December 25, 2022, 09:04:07 PM
I have no energy cost issues.

If you have no energy cost issues meaning that energy is not a problem with you,you either have a very cheap price for it or your devices are in a place where the energy bills are already paid in advance then it is worth mining in solo despite having only a small hash rate but even that small hash rate have some slight chances of getting a block and getting all the rewards from that block.

The best to do in your case though since electricity is no problem is to mine normally in a pool and stock up your doge every day a little,this is a sure reward while mining solo it can even be mining in vain if you don't manage to hit a block during the time you solo mine.

If he has no energy cost issues. He should mine at least 4 days on viabtc as pps. Maybe 5.

And mine solo for 2 or 3 days.

No energy issues means 0 cost. It seems he is saying he has free power.

So why not take $3.41 a day 5 days a week. or 3.41 x 261 = 890 usd for sure.

and maybe he gets lucky with the solo on the 104 days he mines solo.

To toss a certain $890 makes no sense to me.

He would need at least 2 solo blocks to do better.

My way he gets the $890 and could still get some solo blocks. By mining the 104 days solo.
5573  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2022, 07:45:20 PM


And God said nice titties!
5574  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2022, 07:32:01 PM
Something is up:

https://www.bitrawr.com/difficulty-estimator


Latest Block:   768892  (13 minutes ago)

Current Pace:   89.5644%  (797 / 889.86 expected, 92.86 behind)

Previous Difficulty:   34244331613176.18                            
Current Difficulty:   35364065900457.12                            
Next Difficulty:   between 31694164642176 and 32944125841500
Next Difficulty Change:   between -10.3775% and -6.8429%
Previous Retarget:   last Monday at 10:12 AM  (+3.2698%)
Next Retarget (earliest):   January 3, 2023 at 11:02 AM  (in 8d 20h 31m 30s)
Next Retarget (latest):   January 4, 2023 at 1:21 AM  (in 9d 10h 50m 18s)
Projected Epoch Length:   between 15d 0h 50m 7s and 15d 15h 8m 56s
Copy stats to clipboard




92.86 blocks off pace

and a few hours ago

Latest Block:   768879  (32 minutes ago)

Current Pace:   90.0211%  (784 / 870.91 expected, 86.91 behind)

Previous Difficulty:   34244331613176.18                            
Current Difficulty:   35364065900457.12                            
Next Difficulty:   between 31856206087395 and 33081691380605
Next Difficulty Change:   between -9.9193% and -6.4539%
Previous Retarget:   last Monday at 10:12 AM  (+3.2698%)
Next Retarget (earliest):   January 3, 2023 at 9:32 AM  (in 8d 22h 11m 5s)
Next Retarget (latest):   January 3, 2023 at 11:26 PM  (in 9d 12h 5m 41s)
Projected Epoch Length:   between 14d 23h 20m 10s and 15d 13h 14m 45s
Copy stats to clipboard

...


86.91 blocks off pace

a few days ago

Quote
Latest Block:   768665  (a few seconds ago)

Current Pace:   95.2601%  (570 / 598.36 expected, 28.36 behind)

Next Difficulty Change:   between -4.6480% and -2.3121%

please note all diff numbers are from here

https://www.bitrawr.com/difficulty-estimator


and my diff thread here

https://bitcointalk.org/index.php?topic=5378628.0


28.36 off pace

to go from 28.36 behind to 86.91 behind is over 20% drop

and we now dropped more.

So this really looks like a major mining capitulation.

Of course it is Christmas and a lot of people are off work but this is a big diff shift.

Very often large difficulty drops if sustained push the price down.

Be ready to a price drop into the 15k range. maybe the elusive 13/14k is in sight.
5575  Bitcoin / Mining / Re: Mining in the current bear market on: December 25, 2022, 05:50:09 PM
Is it the right time to get into mining? The market has crashed and bitcoin is at its lowest, but the miner prices have fallen too. Would it be profitable to start mining with these low miner prices in the long term? What do you guys think?

In bear market some issues should affect Mining, electricity, oil and gas. If you are a citizen of any country like Canada, Saudi Arabia, Iran, Iraq, Nigeria, Russia, etc. then oil should not be a problem for you.
Moreover, mining in this down market will bring less profit.  However, if you are located in an electricity rich country then the mining cost will be less for you.  In this case you will not have any problem to get profit despite the down market.
With the recent rise in commodity prices, including the rise of fuel prices, it naturally say that mining will not be profitable at this time. Because of the high cost of the equipment required for mining and the rise in electricity costs will certainly not be profitable. According to 2019 report by the Congressional Research Service, the power we get for one ASIC can use the same amount of power as half a million PlayStation 3 devices. As a result, the cost will naturally increase manifold. As the difficulty and complexity of Bitcoin mining increases at the same time need more computing power. When Bitcoin is bullish, it becomes very difficult to take profits from it. In that case, the current price of Bitcoin is about 75 percent lower than the peak value, so how is it possible to continue mining operations in a bearish market? I think no one wants to take such a big risk.


500,000 play station 3 use the same as 1 asic device?

I call bull shit.

In 2019 a s19 burned 72 kwatts a day.

that is 72000 watts a day.

If 500,000 play stations run just one hour burning just one watt that is 500kwatts a day vs 72 kwatts.

the reality is a play station 3 likely runs 2-3 hours so that is 1,500 kwatts a day if they only use 1 watt.

https://www.quora.com/How-much-electricity-does-a-PS3-use-per-hour this says they use 70-170

so 100 x 1500= 150000 vs 72

a lie factor of over 2000 to 1.

so do i get to punish the false info nope 👎.

I can clearly point the lie out. and I did.
5576  Bitcoin / Pools / Re: mmpool.org - 1.5% fee DGM/PPS - tx fees/vardiff/merge mine/tor on: December 25, 2022, 04:58:29 PM
Well I am still pointing a s17 and while it would not save the lost block if it hit it would help out a bit.

I will keep it pointed til 2023


Estimated Payout (top 20 submitters)

Rank   Id   DGM Estimate   Shares   Rate (MHash/s)
1   06ae84f6   4.92036759   1,160,041,864,416   0
2   0d3cd883   0.06904693   257,973,315,451   0
3   3678e892   0.01304011   47,673,450,988   0

4   1b7093a2   0.00657230   7,992,124,585   41,317,059. <<<<<< me



5   b0de62e3   0.00123896   4,534,845,786   0
6   b7b0ebdb   0.00047783   1,748,238,954   0
7   2f20f218   0.00043301   1,580,776,300   0
8   3f064418   0.00042530   1,552,811,302   0
9   6fec3c50   0.00024145   887,449,410   0
10   2d0ba29d   0.00562149   532,162,442   2,230,036
11   9b2d2a54   0.00008433   307,143,363   0
12   cb41c58e   0.00005739   217,874,719   0
13   6dae381a   0.00012783   60,627,806   227,869
14   67076efc   0.00816865   29,758,726   143,438
15   7b0f1bf1   0.00000200   7,281,075   0
16   779e0917   0.00002180   4,803,968   0
17   bae498b0   0.00000118   4,290,371   0
18   12cdc2fb   0.00000050   1,827,525   0
19   203ea097   0.00000577   1,820,928   7,788
20   3b2803f9   0.00000105   609,247   0
5577  Bitcoin / Mining / Re: Bitcoin's Future: What Happens When the Block Reward is Lower Than Fees? on: December 25, 2022, 04:32:19 PM
Doge will thrive and BTC will falter.

LN really hurts BTC in the not so distant future.

That is why I mine both DOGE and BTC
Quoted for when it doesn't happen Smiley

I will bite quoted for when it does happen " circa 2056 "

 I will be 99  Grin


 Merry Christmas
5578  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: December 25, 2022, 04:20:42 PM
Merry Christmas!!



Quote

https://www.bitrawr.com/difficulty-estimator

...

Latest Block:   768879  (32 minutes ago)
Current Pace:   90.0211%  (784 / 870.91 expected, 86.91 behind)
Previous Difficulty:   34244331613176.18                            
Current Difficulty:   35364065900457.12                            
Next Difficulty:   between 31856206087395 and 33081691380605
Next Difficulty Change:   between -9.9193% and -6.4539%
Previous Retarget:   last Monday at 10:12 AM  (+3.2698%)
Next Retarget (earliest):   January 3, 2023 at 9:32 AM  (in 8d 22h 11m 5s)
Next Retarget (latest):   January 3, 2023 at 11:26 PM  (in 9d 12h 5m 41s)
Projected Epoch Length:   between 14d 23h 20m 10s and 15d 13h 14m 45s
Copy stats to clipboard

...



Big drop over last day and 3/4.

we did 214 blocks and should have done 272 blocks


214/272 = 21.33 % drop off
5579  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2022, 02:24:41 AM
Merry Christmas everybody, I got a box of chocolates and a book and some firewood and a bathrobe, and some other stuff. Now I'm going to bed to read my book

God Jul!

Merry Christmas
5580  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2022, 07:31:44 PM
SBF granted bail just before Christmas. These two tweets sum up the case.



Even though there seem to be pretty obvious partisan aspects to this matter, I think that we get distracted if we accept stupid-ass political frameworks in the ways that we get mad about the various appearances of injustices and improprieties in this case so far.

Sure, he probably should not have been released.

Sure there are probably some political players whose heads might need to roll.

Fuck the partisanship framing.

Let's try to focus..


Focus ur lil selfie. 


Yes, one of the charges, already has the breaking of campaign contribution laws already contained therein, and yes, we need to keep digging regarding the various connections.. whether right, left center or whatever, that money needs to get back to clients to make them whole on a broad level.. . and also we need to make sure that we continue to talk about this in terms of the various frauds, cover-ups, influence peddling, potential attacks on bitcoin in terms of not holding bitcoin on behalf of clients or to make sure that they had enough to cover clients, and even bullshit distractions trying to blame CZ and Binance for frauds that SBF, FTX, Alameda and the various principle agents had committed and connections that still are not clear.. yes.. let's look.. but don't get deflected and distracted into stupid, superficial and emotionally-ladened framings.

KEEP your cool FOLKS!!!!!!!!


In other words:























Calm DOWN !!!!!!!!




and happy holidays, too.


and of course....


Oh my....


Almost not feeling like having a strong stomach when looking at that... but at least it doesn't seem to be partisan... perhaps? 

Isn't everything vulnerable to partisanship these days?

[edited out much longer post]
They were printing money for all I savings bond holders.

I sent you a merit even though I disagree with several of your points... and several seem to be making confusing connections.. even though weaved in some decently valid points too.. so you probably believe that gobble-dee-gook ...

and don't even get me wrong.. there are people who believe even worse gobbledy gook than you, so it can be helpful that you outline it.


Regarding the one above highlighted point, I understand that you are saying that money printing ends up giving money towards more normies being able to buy I savings bonds, and sure that is factually true... but it is not really a very good explanation in regards to what is going on with I savings bonds.. so yeah, the US government is engaging in its own internal contradictions by creating the most stringent of monetary policies to cause the dollar to be the strongest of the currencies and for value to be attracted to the dollar... so in that sense there has developed a way to get away with this because the USD is the strongest of the fiats... and the policies of stringent policies will cause money to gravitate towards to the dollar... but the printing of money is the opposite and undermines the dollar.. but the printing of the money is more subtle and no one seems to be able to measure it very easily.  .. but the printing of the money is not exactly directly supporting the buying of the Ibonds.. because the IBonds end up getting supported by having the highest nominal interest rates (and may well not have positive real rates.. but the least bad fiat)... so I would suggest that when the dollar gets so fucked up that the printing ends up having to buy the Ibonds directly rather than attracting suckers like you to buy them, then we are really fucked when the situation gets that circular... which may happen a couple more cycles down the road.

I don't claim to be any genius.. but just wanted to say that your way of framing the matter just comes off as weird, even though it is not completely factually inaccurate, but not really that great of a way of describing matters in order to help to appreciate the kind of desperation going on.. that at the same time may well allow for the kicking of the can down the road for one, two or maybe even three cycles.. and surely, we cannot even know for sure if the whole bunch of bullshit might come crashing down more quickly than expected either.. and whether the crash is slow or it takes 30-50 years, it remains good to keep building bitcoin allocations.. and the amount of bitcoin allocation is going to vary from person to person in regards to his/her personal circumstances.. and sure institutions and governments are coming more into bitcoin too.. so great that individuals have been able to front run institutions and governments to the extent that individuals do not overly get caught up in bullshit narratives that fail and refuse to adequately account for bitcoin's role in this..

Actually one of the better sources of information regarding points that I am trying to lamely make is Jeff Booth.. price of tomorrow and various other talks (podcasts) that he participates in that address these kinds of topics in regards to what is going on with money and how these matters are playing out.


How the fuck do you write so much ?

Not complaining as I post like a mofo but not with the precise writing that you try to do.

I tend  to write like James Joyce just let it rip.

Stream of consciousness style.

I have a USA based theory of why the gov does these games with interest.

I base it on the Long Island railroad retirement system.

see below:

My step dad is 90 years old.
He worked for the Long Island Railroad from the age of 22  to 52

he has been in retirement for 38 years. 8 years longer than he worked.

his son my stepbrother is 60
he got a job in 1984 or 1985 with the long Island railroad he was 22 or 23.

He retired at 55 he is on pension for 7 years.

his son is 25 he is working at the Long Island railroad for 3 years.

The model above does not work cannot work if every family in the USA was setup the way they are it all falls apart.

So the feds play pendulum with war ,interest rates ,unemployment . In an effort to keep it all from imploding.

Now I would argue it has not fully imploded since 1929-1939 which they fixed with WWII.

I am hoping they avoid the next full implosion better than they did back then.

We will have a much better idea by 2024 Nov just how fucked the USA will be.
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