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681  Bitcoin / Mining support / Re: Building mining shed on: April 21, 2024, 02:41:04 PM
lets us know.

power cost.

internet reliability

power amount available 

type of power.

240 single phase
240 three phase
440 three phase.

budget.
$10,000
$20,000
$50,000
$100,000
682  Bitcoin / Hardware / Re: Avalon Nano 3 [unofficial thread] on: April 21, 2024, 01:33:07 AM
Thanks for the update! No pressure but feel free to let us know the micro quantity of a BTC you pull in a 24 hour period.
I think the best value proposition longer term path is medium mode. There was even a video of someone who tried using a high end Apple USB-C that was capped at medium mode.

Are you by chance able to comment at all on this; in the mining management setup process for this Nano 3, is it easy/doable to just paste in your NiceHash SHA256 URL into that first field in the Nano 3, "Pool Address 1" ? Cheers

Before the 1/2ing yesterday I was pulling in ~600 sats a day.

And yes you can set any pool you like.

I had the one I sold to @philipma1957 pointed at a couple of others here and there while I was testing things out.

-Dave

Appreciate the info sharing. Thank you as it's very helpful. I'm getting a bunch of these as my theory is BTC prices going much higher in the future.

Do you by chance have a meter that you really like which tracks your total kw usage? It's been a few years since I tore down my GPU rigs and sold everything but from my recollection, I think I had a kw meter directly plugged in first to my 30 AMP outlet adapter and from there going into this, I plugged in a 30A 30 outlet power rack mount, so I was able to get an aggregate kw output number. But now I'm not so sure if this is exactly what I actually did.  Cheers.

I have a link for a good 30amp 120-240volt meter. give me a minute


https://www.amazon.com/gp/product/B0C97WF79X/ref=ppx_yo_dt_b_search_asin_title?ie=UTF8&psc=1
683  Bitcoin / Hardware / Re: Avalon Nano 3 [unofficial thread] on: April 20, 2024, 08:26:57 PM
I hooked up my nano 3 this one came from davef I am using the 165watt dell psu

I set it to high and it reads 127 watts on the software screen.

I will slap in a kill-watt-meter

also I have a infrared thermometer lets see if the 165watt dell psu gets to a stupid temp.

gets to 121 temp better than 140 that the others get to but stupid hot

i read 125-127 watts for full speed on the software screen. the kwatt meter reads 141.

So 141 watts and 4.15 th is just over 31 watts a th.

backed it off to middle sitting.

85-88 watts on avalon screen
98 watts on kill-a-watt
3.05th
psu case is 129 f


like the miner.
don’t like that you must use an app rather just log in. the log in does not have speed control
so you will always use both the login and the app. note could be missing a way to use pc to change speeds.


I don’t like a lack of eth cable

but running it at middle speed does seem sweet.
684  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 20, 2024, 05:35:29 PM
Finally

"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"

https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/


Lol going from 1,5% fee to 0,15% on a mini

and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.

Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall

Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...

Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?


etf’s seem to have caused a lot of volatility.
685  Economy / Speculation / Re: The Daily FUD Thread: Michael Saylor dumps his MSTR shares on: April 20, 2024, 05:22:58 PM
you do realize he has billions in btc.

and he sold only 370million in stocks.


So billions vs millions not much of an issue.
686  Bitcoin / Mining support / Re: AVALON 1166 PRO 72 TH ERROR on: April 20, 2024, 05:17:19 PM
Usually, this is a PSU issue but the system status shows only 2 hashboard there might issue in one of your hashboard that cause all hashboard not to work properly.

I suggest try to clean the whole hashboard and the busbar make sure to use sandpaper to clean rust on the busbar and use isopropyl alcohol to clean the hashboard terminals replug them all and test it again lets see if there are any changes after this on the logs.

i clean three hashboard ,  hasboard one is fail  ? electronic components are burned

my miner btc avalon can job with only two hasboards?  



yeah try fully pulling the dead board. it sounds shorted.

hopefully running the dead shorted board did not kill off the new psu.

if you did not fry the new psu you will get the unit to work with two hash boards.

Can repair this hash board?

first see if it runs with two hash boards it should.

if it runs with two hashboards

 zeus repairs let me find the link.

https://www.zeusbtc.com/articles/asic-miner-troubleshooting/3608-avalon-a1166pro-fan-speed-is-0-a1166pro-kernel-log
687  Bitcoin / Mining support / Re: AVALON 1166 PRO 72 TH ERROR on: April 20, 2024, 04:38:09 PM
Usually, this is a PSU issue but the system status shows only 2 hashboard there might issue in one of your hashboard that cause all hashboard not to work properly.

I suggest try to clean the whole hashboard and the busbar make sure to use sandpaper to clean rust on the busbar and use isopropyl alcohol to clean the hashboard terminals replug them all and test it again lets see if there are any changes after this on the logs.

i clean three hashboard ,  hasboard one is fail  ? electronic components are burned

my miner btc avalon can job with only two hasboards?  



yeah try fully pulling the dead board. it sounds shorted.

hopefully running the dead shorted board did not kill off the new psu.

if you did not fry the new psu you will get the unit to work with two hash boards.
688  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 20, 2024, 03:00:17 PM

and if you are in USA zelle is fine up to $1000 usd.

frankly sending btc on the main chain for any thing under 1000 is dumb..

LN may get better eventually,but btc is much more a buy and hodl store of wealth than anyother thing.

I use zelle for nocoiner people
I use doge and ltc for small sends as it is easier than LN

I use main chain for large purchases of mining gear.

Spend $, hoard BTC. It's the best way.

I'm surely fine with that, but what the fee/tx RUNE (iirc) madness does (aside from being a stupid game), is:

1. slowing adoption (even if companies offer LN, when they regularly sync to the main chain, the fees are more of a loss)
2. degrading performance (from a use-case-of view, not a nonsense-case-like-RUNE-of view)
3. bring bad news about BTC, which is not always bad, as we know, but makes new investors overthink their planned investments.

Look at it like that: Cars are made for bringing you from A to B in a convenient, fast and personal way. Now, someone propagates a stupid trend (remember one or the other challenge hype)to attach your household waste to random cars, to get it away. Would you feel good if your and every other's car is driving around with litter bags tied to their back several times a day? You'd have to get rid of the stuff at your own cost, effort and time.
I would be annoyed as fuck, honestly. But this is just what is happening, Gen-Z-ers are encouraged to tie their waste to Bitcoin blocks by someone exploiting that stupid Ordinals concept, just because it hasn't got any other valuable use.
This is what happens if developers don't overthink the consequences of their solutions. You know the old saying "the solution became the problem"? (or something like that)

I may sound angry, but i am just feeling a bit surprised, but not in a positive way.
Opportunism, like using shitcoins, including fiat money, seems to help to get by, but who really wants that compromise?
Not me, for sure  Grin

Happy halving day !

I thought I could stay awake for it but there was no way, I'm getting old. I see it happened at about 4am local time.

These last days many articles were written, Bitcoin got talked about on radio etc. (well, the business radio I'm listening to already has a crypto program so not a big difference), and I heard several times about miners being concerned, some quitting etc.

I don't understand how the situation is now worse for them than a few months ago when they earned twice the BTC, but its fiat price was half what it is now. Can someone explain ?

Hellow, fellow  Cheesy
I didn't stay awake, either...

The miners who did not take periodic halving effects into account in their business calculations (some won't even have had a clear vision of how long they plan to profitably run this), they may well be concerned in the face of rising hashing difficulty. Then there was the rise of energy prices, inflation and so on, which set back some newer mining companies in their profits to extend their business. It's always those unforseen events (black swans) that cause a lot of unfavorable side-effects. If you don't think about such, you remain with "the pants pulled down" in such situations (while all the others are able to run away)  Cheesy

Aaand, you know the media. They put up their (horror) stories, and then they are looking for ways to sell them to the public. What's really going on behind the media narratives might be very different.

But essentially once btc cracks 💯 k cheapest fee of 1 sat ends up with a small transaction fee of 16 cents

which compared to handing a dunkin donuts clerk a few bucks is not cost effective.


part of the high fees is btc is 64k and a sat is not cheap anymore.

so if btc goes to 640k  all fees are at least one dollar which is okay for a $10,000 worth of btc to bitmain but not okay for buying a two dollar coffee.

ltc and doge are solid pow and fill in for small purchases pretty much perfectly.
689  Bitcoin / Bitcoin Technical Support / Re: [Apr 2024] Fees are HIGH, wait for opportunity to Consolidate your small inputs on: April 20, 2024, 02:38:08 PM
That's it. I declare Bitcoin broken at the moment Sad
Now this a statement that surprised me!
How would you call it if normal people can't use Bitcoin as peer to peer electronic cash?

People can use it, blocks are mined, and transactions are confirmed, it's just that it's not cheap and the ones paying more are favored.
Ordinals or no ordinals the same would have happened if you would have had 100 million trying to use it daily.
Demand and offer!


So, this was the record for the day?
Nope. The record of the day is easily this: https://mempool.space/tx/2bb85f4b004be6da54f766c17c1e855187327112c231ef2ff35ebad0ea67c69e. 3.6 million satoshis per vbyte. This person paid more than 6.732 bitcoin in transaction fee. It's the top transaction of the halving block. I guess you can call it the rarest Ordinal, or whatever they're called.  Tongue

Loll, I didn't realize there is an extra, I thought it was 3,600 not 3,600,000.
This poor guy, despite spending $510,768 he didn't had the most expensive tx in sat/vb.
Imagine his disappointment.





Its not broken but main chain sends are too expensive for small amounts .


clogged mempool and btc price at 64k.

if btc was 100k the smallest 1 sat send = 16 cent an 10 sat send = 1.60 at this point it is too expensive for small main chain sends.

if an when btc = 500k the smallest 1 sat sent = 80 cents and a  10 sat send = $8.00   so sending under $100 in btc on the main chain would be stupid.


USA has Zelle for no coiners you can easily send up to $1000 for free in under 5 minutes,  Bank to Bank with a linked phone number.

IN THE USA Zelle crushes btc for a small under 1 k send see below. sends on the 18th and 19th both under 5 minutes and free.

690  Bitcoin / Mining support / Re: AVALON 1166 PRO 72 TH ERROR on: April 20, 2024, 02:27:01 PM
-273 is often a dead psu


how long have you had it?

did it ever run?

If you had it for years it is likely the psu has died.


https://www.ebay.com/itm/394348484978?

I do not know the seller>

but he takes offers/

Do you live in the USA?

I am in New Jersey I may have a PSU that will work

but I had surgery yesterday and won't be able to look for it until Monday or Tuesday.
691  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 20, 2024, 01:17:34 PM

and if you are in USA zelle is fine up to $1000 usd.

frankly sending btc on the main chain for any thing under 1000 is dumb..

LN may get better eventually,but btc is much more a buy and hodl store of wealth than anyother thing.

I use zelle for nocoiner people
I use doge and ltc for small sends as it is easier than LN

I use main chain for large purchases of mining gear.
692  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 20, 2024, 12:50:27 PM

fees will stay high from now on.


That's been said many times over the years and has not come true yet. We will see.

have you looked at the mempool from Jan 2023 to april 2024

look  at it again.

do you realize that a 1 sat fee minimum would be 16 cents if btc is 💯 K

btc main chain is dead for small coin moves.

so LN

or ltc/doge for small value moves is what will take over.

it is simply a matter of math.
693  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 20, 2024, 12:46:06 PM




hodl
694  Economy / Speculation / Re: Top 20 days for Bitcoin on: April 20, 2024, 12:01:14 PM
Halving euphoria overshadows the fact that we're not even in the top 50.

Patience. ATHs are coming soon.
Thanks for the merit! 420 on 4/20 halving day.  Let's go.   Grin
Almost top 40 in the Canadian dollar.  Smiley

saved the 420 for you

https://bitcointalk.org/index.php?topic=5251894.1580



695  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 20, 2024, 10:54:37 AM
I thought the fees would have come down a bit more by now but let's see how economical it is for these spammers to keep it up. Everytime this has happened before fees have come back down to reasonable levels, I don't think it will be different this time.

What I do know though is that I will not be transacting on the network while this keeps up.

fees will stay high from now on.

btw if a fee is 20 cents for a 3 dollar spend I would say that's too high


the bit coin maxers will be forced into scrypt for small sends.
696  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 20, 2024, 07:22:40 AM
We are up about 7.30X since the last halving on may 11, 2020 or 730% in 1439 days or 0.1385%/day or 65.7% a year.
Not bad, lol


65.7% a year means 482469.65 on 2028

I will sign on for that.

697  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 19, 2024, 10:58:14 PM
I survived surgery

½ is in minutes.

8 to go.


at jjg the muslim and jewish doctors saved this catholics butt.


maybe there is some hope for us all.


edit lots of misspelling

my fucking nose hurts like mad.

but even now just 12 hours after surgery I can tell the difference in breathing bigly.
698  Bitcoin / Bitcoin Discussion / Re: Have you stopped using bitcoin for small transactions completely ? on: April 19, 2024, 01:08:06 PM
Isn't it obvious though, that when the fees are high, making a small transaction doesn't make any sense. But it doesn't mean we will go on the argument that Bitcoin should increases and be a big blockers, we have that kind of Bitcoin forks and they seem to die down already.

And it's not Bitcoin's fault that the fees are getting ridiculous, it's a deliberate attack on the network itself and just trying to put pressure on the devs and other individuals. Anyhow, for now, it's better not to do another small transactions and the best thing to do is wait for the mempool to clear.

Also there is a option called LN (Lightning Network).

bitcoin has no technical reason to be restrained. its dev political motivated. when you follow the funding and roadmap plans of core devs it is their plan to segregate and migrate people away from native use of bitcoin. bitcoin core added an exploit 8 years ago, which is being abused 2years ago to cause these annoyances/attacks and core devs have had 8 years of knowledge of the exploit and a few years of seeing the annoying results of its impact. but all they care about is migrating people away from using the bitcoin network.
even those performing the attack/annoyance are funded by the same groups promoting the segregation of majority/trying to push people into migrating people over to the other network(rich/poor divide)

anyone telling people to:
use another network
stop using bitcoin
wait weeks, month, years and hope the utopia fixes itself

is not a ally/friend of bitcoin

if they think their reasons are justified that spending $50 for 1 tx is fine but spending $50 spread over several years for a hard drive to store decades of transactions is some how bad economics.. those fools have their maths the wrong way round, and no understanding of math/economics of utility

as for the 'do nothing, just wait' i think 8 years of waiting for the promises of bitcoin scaling to offer more transactions of cheaper fee is enough waiting. lets accept it the promises made 8 years ago have not been met. and no, other networks are not the solution. they are the diversion

other networks only provide small niche sub services of options. and should not be thought of as the ultimate replacement utility.

its funny how those that support other networks are the solution where 'small' transactions should occur. but in same breath they dont want the 'small' transactions of bloat/spam to be stopped

anyone promoting to not censor junk, but to sensor genuine bitcoiner utility have thigns the wrong way round
bitcoin HAD rules to articulate every byte as having purpose. those rules have been softened and many transactions always have been:
'dropped', 'scrubbed', 'evicted', 'orphaned', 'pruned', 'unrelayed' and many other terms that made bitcoin clean and purposeful.
suggesting bitcoin should be filled with junk but actual use should be delayed/migrated elsewhere is a social-con, a social abuse of trying to suggest bitcoin shouldnt be used by bitcoiners

so if you use the main chain and do a 1 sat I think the lowest fee is 162 sats per tx.

which means at 100 mill a btc the fee would always be at least $162 usd.
at 10 mill a btc the fee would always be at least $16.20 usd
at 1 mill a btc the fee  would always be at least $1.62
at 100 thou a btc the would always be at least 16.2 cents

so we are pretty close to 100 k a coin  this means buying a 2 dollar item and paying at least 16 cents is pretty much going to be the lowest we ever pay.

and this means the main blockchain simply can’t work for small tranasctions.

who wants  to pay 16 cents on two dollars on a good day. no one really.

thus there are three realistic choices once btc gets to 100 k.

use doge
use ltc
use ln

it is simply not that the stats fees  are high this is that a sat has more and more value.

somewhere in the 100k to 1 million a btc smallest fee will be not practical.

I am not paying 16 cents to 1.62 for one or two dollar btc moves.


we are at 10-11 cents for the lowest chain fee of 162 sats.  I have zero desire to pay 10 cents to send 1 or 2 dollars.

I just sent 100 usd in LTC  to buy a Nano 3 my send cost was under 1 penny

if btc was letting 1 sat I would have spent 10 cents.
699  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 19, 2024, 12:35:43 PM
Coming down to the wire.



Daaaaamn at 50smerit per 30days atm 😬😬

I gave him some for you.
700  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 19, 2024, 12:25:53 PM
back over 65k.

½ ing in 10-13 hours time.

waiting on lyft to go do surgery.
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