.......
4. With cheap or old PC which has relative low RAM capacity, running both full node software and software for other task at same time might be challenging.
I think a lot does come down to that. If you are in the situation where yes the cost of getting a PC that can run a full node is a large expense based on your economic situation then you are either: 1) Not going to do it 2) Do it in a way that may be very difficult to keep going because you had to cut so many corners to make it work 3) Use the PC for web surfing / doing other things and that leads to security / privacy concerns. There is no good answer. -Dave |
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I thought intel cancelled the chip production ... so that would make this really useless ...
Intel cancelled *their* production but sold all the IP and production rights to Block. With all the design work done and a proven chip making process already established, Block just has to schedule a slot in Foundry production. Considering that a few years ago Intel reopened their Foundry services to outside companies, making more of the chips should not be a problem. Only problem I see with the chips is that they a less efficient than current bleeding-edge ones from BM, microBt or even Canaan. Yeah, I mentioned that in another discussion someplace. They made the announcement that they were buying the IP - production - whatever and then went silent until this announcement. So unless there has been a lot of silent work, they are a year behind with R&D on chips & tech that were not as efficient as others to begin with. NOW, they could have been doing a ton of things and not discussion them. But, seems doubtful. -Dave |
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There is no 1 answer. If you ask 100 people you could have 100 different possibilities all being different based on their age and income and goals.
Are you older and have a good nest egg and want to try for more then you may want investments with more risk but higher returns since you are already 'set' but want more.
Do you need more security? Then it's a different story.
Young and starting out? Just had kids and bought a house?
Etc.
There is no one answer, and even if I tell you what I would do *today* next week / month / year things could change and I could give you a different answer.
-Dave
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The exchange will be required to report information on customers who transacted more than $20,000 between 2016 and 2020.https://cryptoslate.com/kraken-to-turn-over-select-customer-data-to-irs-after-july-court-loss/I think 2016 was when there was no rules about crypto from the IRS. You could just buy and sell BTC without paying any taxes or anything. Problem is, at some point maybe 2018 or 19, the IRS started coming down hard on Americans. They wanted to know if they were involved in crypto - making them check a box on their tax return if they were. Now they're going to find out who was honest and who wasn't.  This is an interesting situation since Kraken is not an american company they are outside the USA. yet the IRS can still tell them what to do and they can't do anything about it. Sort of, no matter what if you bought something for $600 and sold it for $18000 you may not have had to pay taxes but you were still supposed to report the income. Now let's be honest nobody really does that unless you are really making a living at trading. I think some people are going to get letters from the IRS asking about trades. But, I do not think a lot of people are going to get them. -Dave |
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And still no update. Really wonder if they are looking into it or hoping it goes away. Since people are still using it and talking about using it and so on, I guess people don't care about their crypto. If you want to use a wallet like this how about I just post a bunch of addresses that belong to me and I'll send you some crypto back later if I feel like it. If not I'll just keep it. Seems to be the same service as Atomic. -Dave But i would count this blog (which updated on October 19 without creation date) as an update, https://atomicwallet.io/blog/articles/2m-of-suspicious-deposits-frozen-on-centralised-exchanges. But it's rather vague and there's no mention whether the victim receive their coin back. And assuming that blog is being truthful and accurate, it's interesting the hacker use combination of bridge, exchange and mixer to hide trace. It still does not tell what happened. That is IMO still the issue. Even a 'we don't know and are still looking into it' is better then this. Was it on their end in terms of the servers. Was is on the app end? Was it a malicious library / supply chain attack? So now according to them some funds are frozen. Great. What is the next step? Do they have a next step? -Dave |
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Because its written and reviewed by many of the foremost experts in the field. The commercial alternatives have consistently been jokes zero peer review, zero security auditing, comical flaws aren't even the beginning... from MTGOX self-doublespending malleability tripped up private key leaking mess, to bitcoin armory letting its keys being corrupted using shared thread unsafe memory for storing hashes, to bitpay's bitcore using 64-bit values for their nonces, to libbitcoin's recent comic fail -- there is a long history of disaster. The fastest way to lose all your customers bitcoin's is "post your private keys online", but the second fastest way is probably to use some "commercial solution".
Bitcoin core is node software. It runs the entire network. By definition it handles the *entire* capacity of the network, even on modest hardware.
Bitcoin Core isn't strictly personal desktop client though. There are many feature which geared towards developer for commercial service such as bitcoind, RPC-JSON, REST API and various tutorial/script provoded on Bitcoin Core on directory "doc" and "contrib".
Not saying it does not. Or that it is not good software. And there are many things it does well. But if you are running a public service you should have something very robust with a ton of security between the internet and RPC commands to core. Core is the back end, there are a lot of things you can put in the front end to keep is isolated. Which was the original discussion, about RPC security. That was more or less what I was trying to say. Can you run a block explorer just with core? Yes, with some limitations but dumping everything to a database works better. Can you run a public web wallet for people with core? Yes, but it's going to be a logistical and security nightmare if you don't put a lot of other things between it and the internet. And there are just flat out better ways to do it and just talk to core when needed. -Dave |
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Oh look, someone who does not know the rules.
The Lattice Labs account posted garbage walls of text that were arguably false and nobody cared.
The Lattice Labs account posted with AI spam and would not stop doing it.
None of those things matter. What matters is the Lattice Labs account was banned. Once an account it banned the people behind it are banned too. This means the XRPNERD is evading a ban and is also not welcome here.
-Dave
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Could be the power bar, could be the cable.
I would wait to hear back from the seller.
Here in *theory* taking it apart and checking the cables should not invalidate the warranty since you do have to pull miners apart now and then to clean out the dust.
In reality, since you bought it from a reseller through Amazon, they can make any rules they want about what you can and cannot do. I would wait to see what they say.
If they don't respond or fix it for you get Amazon involved as early in the process as possible.
-Dave
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It sounds like one of your hashboards died. There are 3 each doing a bit over 30TH so dropping to the 60s really sounds like one of them just stopped working.
What does the web gui show for the boards? Also post the debug log if possible.
Did you get any kind of warranty on the unit? If you did, it might just be easier to send it back for a different one then spend time troubleshooting the problem.
-Dave
Hi Dave, You are right. I checked on the UI on the browser, and initially it showed hash board 1 not working, and I did a restart from the UI. After it restarted, it showed only board 2 and 3. Yes, I have warranty on the unit. So should I let it running with just 2 boards, or should I turn it off. If I have to turn it off, should I just click on the restart miner button, and then un plug it? Or simply unplug it? Thank you Just let it run. If the board is not hashing it's not pulling power so it's not like it costs more power to have it just sit there. You are just loosing profit. You can try making sure the cables from the controller are in all the way and a full power down and cool off cycle and see if that fixes it, but since you do have a warranty I would just get a new miner. -Dave |
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Some Argentinians look tempting, 22 cents to $ right now, you could easily make 4x...assuming Argentina pays its debts and you don't get killed by a flying pig.
You might even start a riot if you have the wrong license plate on your car there: https://www.youtube.com/watch?v=KMiUUkmV5cA
The good thing about bonds is that for most countries they are a safe long term investment. The downside is that if rates do go up you are locked into a lower rate for a long time. And if you need the money sooner you are going to have to sell at a loss. As with anything financial. You have to do you. What works for me in my financial position with what is going on in my life now, may not work for what is going on with you. -Dave |
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It sounds like one of your hashboards died. There are 3 each doing a bit over 30TH so dropping to the 60s really sounds like one of them just stopped working.
What does the web gui show for the boards? Also post the debug log if possible.
Did you get any kind of warranty on the unit? If you did, it might just be easier to send it back for a different one then spend time troubleshooting the problem.
-Dave
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The old ones work BUT there have been some issues found that have not been fixed. The biggest problem would be if there is a flaw with the security of the seed phrases and if they were created with faulty and insufficient entropy. But I don't think that's the case. I think the old Mks use a Secure Element that can be manipulated to reveal secrets if the attacker has them in their possession. But since it's an airgapped device, you aren't affected by anything happening on the internet. Someone correct me if I am wrong. But, and I know this makes me look cheap, if you bought a Mk1 and a Mk2 and a Mk3 give me some kind of loyalty discount. It doesn't make you look cheap, and in your shoes, I would expect the same thing. Loyalty should be rewarded to a certain degree. Their main developer is active on Bitcointalk. PM him and ask if you don't have issues with privacy. 1) Yes they needed to have access and IIRC there was another issue where you could get access as an attacker. 2) Did ping out when the 4th gen came out never heard back. I like their products, and coinkite even did me a solid when an opendime I had died: https://bitcointalk.org/index.php?topic=5218987.msg56370760#msg56370760But for some reason, they seem to just be pushing the 'buy a new one' with the coldcards. -Dave |
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But aside from everything you mentioned, there are other things that people usually don't pay attention such as,
1. People on developing country is less likely to run full node either due to lower income, higher cost to build/run full node or even both.
2. TX/block propagation time.
3. CPU speed.
4. RAM speed/size.
5. Other small things i currently can't remember.
1) True. 2) If you don't have the bandwidth to move that kind of data then you probably should not be running a node but using a SPV wallet. Not saying it's good or bad it just is. Having a transaction not go though because your are on a bad / low speed connection is probably going to be worse then the privacy loss using using something like electrum 3 & 4) An i3-4130 with 4GB of RAM and a 1TB SSD running windows 10 (ok it's not running it's walking really fast) can more then run (walk really fast) core. And IBD in a couple of days if you have the bandwidth. Getting them from wherever they are to a low income location is the expense. The PCs are being given away by the truckload from corporations. 5) Yeah, probably a ton of stuff we are not considering. -Dave |
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And still no update. Really wonder if they are looking into it or hoping it goes away. Since people are still using it and talking about using it and so on, I guess people don't care about their crypto. If you want to use a wallet like this how about I just post a bunch of addresses that belong to me and I'll send you some crypto back later if I feel like it. If not I'll just keep it. Seems to be the same service as Atomic. -Dave |
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Look at it a different way. A lot of people use wallets like coinbase / cashapp / bitpay. Like it or not that is the way it is for a lot of crypto users. We can argue good / bad but there are a lot of people who got into crypto with coinbase and never left. Same with square - block - cashapp - whatever they are called today.
These places also either provide their own credit card terminals (square) or partner with others (bitpay / coinbase) I see a future where I walk into my local bagel store (like I did this morning) and pay with cashapp (like I did this morning) and instead of it coming out of my BTC balance and going to the merchants it will be batched out at the end of the day. Much like credit cards are done now. For all we know that is what is really happening since some these apps & services to a certain extent are custodial and you really don't know what is going on in the background.
-Dave
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I see them as available here, are you US based? No, I am not from the US, and currently not logged in to my Amazon account either. I am still getting a "Product Unavailable" description, though. The biggest issue is HOW loaded they are. Are you going to roll 20% more sixes or 50% more 90% more? According to the calculations by BlackHatCoiner, even a visibly biased die is good enough to create enough entropy. And based on what Coldcard's documentation says, the entropy from dice is just an extra that goes on top of the hardware-generated entropy from the device. Did some poking around, they are showing not available from a bunch of different IPs when going to Amazon. Guess since it's 'sold by' someone else but shipped from Amazon they are only in the US warehouses. If you want a set PM me and I'll ship them to you. Going to be interesting as what to put on the customs form....
Dice for seeds has been done for a while, and as discussed they just add to the entropy from the device. BUT if the entropy is bad / wrong on the device and the dice are loaded not just biased? Over a large enough set of wallet creation with rolls you can run into other people generating the same info. The question is how many. But, you also then have to answer how bad is the entropy and how loaded are the dice. -Dave |
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Considering the number of nodes running on TOR: https://bitnodes.io/nodes/?q=.onionIt's not that big an issue. Even if SOME ISPs blocked the ports other ISPs would not. Add in VPNs and people running their own BGP for their own IP space would have more freedom to do what they want. -Dave |
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Slightly different scenario. But, another view.
On another board (motorcycle related) a long time ago I wore a signature for a company that had the best prices and possibly the worst customer service.
Everyone knew it. When people had issues, it was what it was. I don't think anyone ever thought that since I and others were wearing their signature did we support or endorse them. It was just a way to make a few bucks and keep their name out there.
In the end the new owners of the company turned out to be scammers and cut and ran with a lot of peoples money. Out of all the people who were still wearing their I don't think anyone cared since they were well known to be a crap company.
Most places that display ads are more or less neutral. I don't think a magazine that has an ad for tire rack thinks they are a good company or a bad one. Just that their check cleared so to speak.
The other side is that people placing the ads tend to be more discerning. Campaign managers here don't want people with massive negative feedback. You will not find certain advertisements in 'adult' magazines. With Musk taking over twitter most of their advertisers left and are still gone.
So the counter question is, do businesses that do advertise in certain locations but not in others show support for the ones they are giving money to OR show their opposition to the places that they do not.
-Dave
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