Like I said earlier, anyone that does not think Bitcoin Insane Energy Wasting is a major problem is Naive. Published May 26, 2018 https://www.seattletimes.com/business/bitcoin-backlash-as-miners-suck-up-electricity-stress-power-grids-in-central-washington/As the cryptocurrency industry morphs into larger, more energy-intensive operations, the Basin’s three public utilities districts (PUDs) are reassessing how they deal with it,
and whether they can — or should even try to — keep up. In a normal year, demand for electric power in Chelan County grows by perhaps 4 megawatts — enough for around 2,250 homes — as new residents arrive and as businesses start or expand.
But since January 2017, as Bitcoin enthusiasts bid up the price of the currency, eager miners have requested a staggering 210 megawatts for mines they want to build in Chelan County.
That’s nearly as much as the county and its 73,000 residents were already using.
And because it is a public utility, the PUD staff is obligated to consider every request.
The scale of some new requests is mind-boggling.
Until recently, the largest mines in Chelan County used five megawatts or less.
In the past six months, by contrast, miners have requested loads of 50 megawatts and, in several cases, 100 megawatts.
By comparison, a fruit warehouse uses around 2.5 megawatts.
But it’s not simply the scale of requests that is perplexing utility staff.
Many would-be miners have no understanding of how large power purchases work.
In one case this winter, miners from China landed their private jet at the local airport, drove a rental car to the visitor center at the Rocky Reach Dam, just north of Wenatchee, and, according to Chelan County PUD officials, politely asked to see the “dam master because we want to buy some electricity.”
Bitcoin fever has created other, smaller-scale problems for the utility.
Three times a week, on average, utility crews in Chelan County discover unpermitted home miners running computer servers far too large for the electrical grids of residential neighborhoods.
In one instance last year, the transformer outside a bootleg miner’s home overheated and touched off a grass fire, Chelan County PUD officials say. In other cases, utility crews responding to unusual spikes in power usage have found racks of remotely controlled servers whirring away in empty apartments.
Worse, when the utility began shutting off power to these so-called “rogue operators” earlier this year, some of them became so belligerent that the utility is installing security cameras and bulletproof glass at its downtown Wenatchee headquarters.
By February, the Bitcoin “gold rush,” as Wright calls it, had become so overwhelming that Chelan County PUD declared a three-month moratorium on new mines to determine whether the county can absorb even a fraction of that demand.
But answering that question was more complex than the utility anticipated — and at the recent hearing, the commission voted to extend the freeze another three months. |
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So I obviously hope I never have to deal with the first of these two issues I have but what if Gaven Andresen dies off and doesn’t pass on the alert/control features that Satoshi bestowed to him, would community have to legit hard fork to even stay in the realm of ‘new development’ not sure how that works as I’m not a dev at all, hence my question. Not sure how the BIP’s are actually approved or implemented and ATM believing is all basically comes down to getting Gavin’s ultimate approvi. Which like I said I worry may at some point ultimately be a issue.
Alert control feature was removed in 2016 https://www.bleepingcomputer.com/news/security/bitcoin-retires-alert-system-amid-security-concerns/Bitcoin Project to rely on private alert systems and Bitcoin news sites
Instead, the Bitcoin Project will be relying on the alert systems implemented in private Bitcoin wallet services, but also on the promptitude of cryptocurrency news outlets.
According to the Bitcoin Project, they plan on retiring the native Bitcoin Alert system one to two months after the announcement made on November 1, 2016.
Major Bitcoin wallet services have already known about the Bitcoin Project's plan and and have removed support for the network-wide Alert system from their software. |
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My concern was high energy consumption with smaller rewards and the POS
mining getting popular but with all the comments here its clear that energy
is not going to be a concern in bitcoins future. As in general terms energy
generation is moving slowly away from fossil to renewable the energy bitcoin
uses will be from green sources. I guess the issue has been blown out of
proportion in the media.
Thanks for the replies.
The comments here ignoring the insane energy waste by bitcoin, well lets just say are naive instead of a harsher word. I think you fail to understand the major problem. Bitcoin problem is the fact that it's Energy Wasting is Growing Exponentially! https://www.pri.org/stories/2017-12-20/bitcoins-sky-rocketing-energy-use-viral-story-we-checked-mathEric Holthaus wrote for Grist that “by July 2019, the bitcoin network will require more electricity than the entire United States currently uses.
By February 2020, it will use as much electricity as the entire world does today.” The Modern Fiat system of Banks and visa card payment do use electricity , but it has taken decades to reach it's current energy footprint and its growth rate is Not Exponential, Never have we heard of a bank being refused permission to operate because they used so much electricity they increase the rates for everyone else. In Crypto , we already have coins that don't use proof of work and have more transactions capacity than bitcoin and their energy consumption is so small, it won't even be noticed. Trying to cover up a major bitcoin problem by saying well just because Bitcoin is destroying the planet , but the other guy is worse , is pure bullshit. When your parents or grandparent or friends can't afford to heat or cool their homes because the bitcoin miner down the road is raising their electric rates. Then you realize all that money bitcoin is worth is coming at the direct expense of the poor and elderly. |
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Lately he (Ver) is massively promoting with tag "Bitcoin Cash is Real Bitcoin". For newbies this tag can be dengerous, a friend of mine is confuse when he want to buy bitcoin 2 weeks ago and bitcoin.com (Ver's website) is main cause of his confusion
Please elaborate & detail what exactly was his confusion, the differences between Bcore(BTC) & Bcash(BCH) or on how to use the 3rd party exchange he had to visit to actually make a purchase of either coin? Has google been blocked from your friend's country so he was unable to find an answer before clicking buy? or Was your Friend just too lazy to make a few clicks of research to know what he was buying? |
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Start selling your altcoin and buy bitcoin says pioneering wall Street because bitcoin is very strong ,bitcoin is good for long term
And Bogart said that he will sell his all cardamom,Tron,iota and neo he would buy and hold Ethereum, ripple,bitcoin cash and EOC
Translation :
I purchased a bunch of bitcoins and now you people need to pump it up so I can cash out to Fiat and make a profit.
Fact is, some Alts have outperformed bitcoin as an investment since Jan 2017 and most likely will continue to do so.  As always do your own research and make your own decisions, following wall street types is a sure way to make them money while they steal yours.  |
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For the future between bitcoin and BCH that have a bright future but I think BCH is better for the long term which has good potential in the development of block.
For fast and reliable transaction bitcoin is the best.Bitcoin can handle hundreds of thousands transaction per second and cannot encounter any problem at all.BCH and Bitcoin is good for a long term investments Max Transaction Capacity Bitcoin Core Onchain Transactions per second , If they could scale up to 4meg, then 28 transactions per second or 2419200 transaction per day , but in truth they are most likely less than half at ~12 transaction per second or 1036800 transactions per day. In Theory LN Offchain Transactions will allow a scaling of transaction to exceed Visa, but offchain only. Bitcoin Cash Onchain Transactions with a 32mb block : 224 transactions per second or 19353600 transactions per day Using multiple 3rd parties offchain transactions also allow Bitcoin Cash/(any coin) scaling to exceed visa. (No segwit or LN needed.) |
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Which of the leading cryptocurrencies will become more scalable and efficient in the long term? Will it be Bitcoin with its Layer Two solutions such as the Lightning Network and Sidechains? Or Bitcoin Cash with its on-chain scaling solutions by increasing the block size limit? I would like to know your thoughts about this. It all depends which you think is more important in the long run, If you believe onchain scaling is more important, you pick Bitcoin Cash. If you believe Lightning Network scaling is more important, then you pick Bitcoin Core. Why did I say Lightning Network Scaling instead of offchain scaling. Because any 3rd party can provide offchain scaling for any coin, with offchain transactions capacity that could rival visa. LN is not the only way to scale offchain , that is the fallacy being promoted by many confused people. So if offchain scaling is your pick then any coin with a 3rd party can scale, if you believe specifically in LN only, then Bitcoin Core is your pick. But to be perfectly honest both bitcoin core & cash are ignoring the elephant in the room, both use insane amounts of electricity and neither see that as a problem.  |
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ZEIT was Designed to Survive. 
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I think you fail to understand the major problem. Bitcoin problem is the fact that it's Energy Wasting is Growing Exponentially!https://www.pri.org/stories/2017-12-20/bitcoins-sky-rocketing-energy-use-viral-story-we-checked-mathEric Holthaus wrote for Grist that “by July 2019, the bitcoin network will require more electricity than the entire United States currently uses.
By February 2020, it will use as much electricity as the entire world does today.” The Modern Fiat system of Banks and visa card payment do use electricity , but it has taken decades to reach it's current energy footprint and its growth rate is Not Exponential, Never have we heard of a bank being refused permission to operate because they used so much electricity they increase the rates for everyone else. In Crypto , we already have coins that don't use proof of work and have more transactions capacity than bitcoin and their energy consumption is so small, it won't even be noticed. Trying to cover up a major bitcoin problem by saying well just because Bitcoin is destroying the planet , but the other guy is worse , is pure bullshit. When your parents or grandparent or friends can't afford to heat or cool their homes because the bitcoin miner down the road is raising their electric rates. Then you realize all that money bitcoin is worth is coming at the direct expense of the poor and elderly. |
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A group of crypto-currency enthusiasts is considering the possibility of filing a lawsuit against Bitcoin.com owner Roger Vera. According to them, it deliberately misleads novice investors, using confusion among the newcomers between bitcoin and bitcoin (Bitcoin Cash), which in August 2017 appeared in the framework of Bitcoin's bitterness. A possible class action is organized by @MoneyTrigz, a Twitter user who is co-owner of Coindaily.co. The lawsuit is discussed in a Telegram chat called "Bitcoin.com - lawsuit / victims" (Bitcoin.com lawsuit / victims), to which any user can join. The chat already has more than 444 participants, but it is not clear how many of them plan to join the suit.
Dude , they canceled that weeks ago, shame no one here mentions it. They could not raise enough money to pay a lawyer. Kinda Lame really, that this topic outlived their pitiful attempt at a lawsuit. Scam Lawsuit got canceled. https://twitter.com/moneytrigz?lang=enMoneyTrigz@moneytrigz
We appreciate the 31 people that donated to the initiative
But $3700 wont be enough to do much, so we decided to cancel the initiative and refund the 31 transactions (total 0.39btc)
im happy were able to atleast get bitcoincom make 90% changes on its fraude and dis-information  *I looked at Bitcoin.com before the scam lawsuit and just now, Looks exactly the same! * *MoneyTrigz seems like a confused soul, you donators might want to check and make sure he does not keep your donations.* |
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Bcore is the Segwit/LN fork, dropped the itcoin as the slang term is quicker to type.
Much the same as bcash is quicker to type.
With over 17 coins using the name bitcoin, adding the 2nd part assure no confusion, which is the whole point , to not confuse the newbies.
BTC=BCORE=Bitcoin Core
BCH=BCASH=Bitcoin Cash There is only one "Bitcoin" and the others are forks of "Bitcoin". Bitcoin Atom is not Bitcoin Cash. Bitcoin Gold is not Bitcoin Z. None of the "Bitcoin" forks are "Bitcoin", there is only one "Bitcoin" Sorry using bitcoin by itself is too vague , and may confuse newbies, if someone forgets to add the 2nd part. I will stick with including the 2nd name BCore or BCash or BAtom or BGold or BZ. If you want to confuse newbies by leaving off the 2nd part , your call. |
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I never heard of "Bitcoin Core" or "Bcore" before, I only heard of "Bitcoin".
I have heard of "Bcash" and "Bitcoin Cash" and that is a low level derivative forked from "Bitcoin"
Bcore is the Segwit/LN fork promoted by G.Maxwell & Blockstream, dropped the itcoin as the slang term is quicker to type. Much the same as bcash is quicker to type. With over 17 coins using the name bitcoin, adding the 2nd part assure no confusion, which is the whole point , to not confuse the newbies. BTC=BCORE= Bi tcoin Core BCH=BCASH= Bitcoin Cas h |
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According to Wallet Investor, Ver intentionally abuses the name "bitcoin" on its website Bitcoin.com, which sells bitcoin and bitcoin cash to deceive trusting investors and provoke them to buy the "wrong" bitcoin. "Given that the site is called Bitcoin.com, and is also a place to sell bitcoin, bitcoin cash and cloud mining contracts, it can potentially mislead novice investors and beginners, forcing them to buy the wrong bitcoin."
There are Over 17 coins with the name bitcoin in front. From what I saw, the website did not sell either bcore or bcash coins directly on the site, but link to exchanges, where you had to login and choose yourself. So technically no one purchased a single coin on his site. But please don't let reason interfere with the Roger Ver Hate Fest. Next post, Roger Ver drowned puppies and lost your GI Joe Action Figure.  Is Roger Ver really the Cobra Commander?   |
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The only project I trust is ZEITCOIN. I would dump every other coin I own, before letting my zeitcoins go. Bitcoin & Ethereum, you are dependent on the miners. ZEIT is dependent on it's own coins, and thanks to it's energy efficiency, it can survive thru hardships that would destroy bitcoin and ethereum. FYI: Holding ZEIT has been more profitable % wise than holding bitcoin since Sept 2014.  https://bitcointalk.org/index.php?topic=487814.msg36914777#msg36914777 |
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Can other people also push Trade Satoshi to update their wallet? I hsve my coins stuck in the middle  Their wallet is on the latest version, they just received the support ticket yesterday that their wallet was out of sync. With any luck , they may be synced by Monday. Create your own support ticket with them and ask them for an ETA. |
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A news report suggests that Bitcoin fell from its $20,000 high water mark immediately after Futures trading of Bitcoin was opened. The seasoned traders pounced upon the innocent Bitcoin community like wolves in a sheep pen. You can read the full report here: https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all. It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community. Future Trading does not have to be banned, but the part where the scam is occurring is that no bitcoins are used in the Future Contracts.Unlike Oil Futures, where you can request Actual Oil be delivered to you at the end of the contract. Bitcoin Future only transact in FIAT, meaning no bitcoins are delivered or held and this is a way to make the supply of coins seem higher and cause a decrease in price by manipulating these trades. If Bitcoin Futures were required to pay out in bitcoin, more bitcoins would have to be held and this would lower supply and drive up the price. The Current Bitcoin Futures are nothing more than a scam to lower the price. |
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In the Another Person has realized that Proof of Work such as Bitcoin is a Dead End and that Proof of Stake such as Zeitcoin is the Future News.https://cointelegraph.com/news/ethereum-classic-51-attack-would-cost-just-55-mln-result-in-1-bln-profit-researchThe methods employ a cost calculation model for 51% attacks known as Rindex v2.0,
which removes aspects such as purchasing new equipment in favor of “leasing” hashpower from other PoW coins,
such as Bitcoin (BTC) and Ethereum (ETH).
“The intention of this article is to raise the awareness of this attack vector
so that we can take appropriate measures to increase our networks’ robustness before it gets exploited
,” Abboud writes, providing various solutions to avert the problems
including upgrading to Proof-of-Stake (PoS). ZEIT is already Proof of Stake.
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