I am not American and not that much interested in their politics but since Russia started a war with Ukraine, I read the news very often and it can't seem strange if I say that I see Joe Biden very frequently on TV and social media.
When I watch this man, it's very clear that he is very old for his job and probably he suffers from Dementia. Sometimes he forgets what he wants to say, sometimes he forgets what he was actually saying and sometimes he calls Iranians to Ukrainian people.

I can't believe that in American there weren't better alternatives than Joe Biden. What was wrong with Trump that made you to choose president with Dementia?

True, but...  $3k was not supposed to happen: it was caused by a black swan event when sort of a flash crash happened and we were back to ~$6k soon. So quite possible $6k was the true bottom. We will certainly never find out. Atm I don't see how we can go lower than $25k without something really apocalyptic like "US bans Bitcoin" which is btw totally possible because of the latest news of Russia embracing BTC. There's always old good zombie apocalypse for sure too... 

If your goal is to just make money, then there's plenty of altcoins to be mined with way lower difficulty (and payoff) than BTC.

It's a bit altcoin territory but you can always point your miner to cheaper coins that pay less for lower hashes, proportionally...

I think the problem for me would be what do you do with your space heater once it becomes worthless for mining?  With graphics cards you have a strong market of computer users and gamers that will buy pretty much any GPU you can find, so there's always another angle at resale.  I doubt you'd be able to find someone willing to pay for a subpar space heater that doubles as a non-profitable mining device.  

So to answer your question I would say that competition from GPUs is a good reason why a Bitcoin mining space heater would never work.  It would be a very small use case for someone who would want one of them.  Maybe people with free electricity that live somewhere cold and don't own a computer?  I'm guessing that's a pretty limited market for a Bitcoin space heater miner (what Bitcoiner doesn't own a computer?).

Of course, if you push 1000w in any kind of system you will get the same amount of heat but I had the impression that when it comes to heat generation and transfer you could play with sizes, having chips further part larger heatsinks and more boards, rather than concentrating the heat source you could spread it out wider, so instead of a 15x15x35 miner you could go for the size of an air convertor, overall the same hashrate, the same heat transfer but done over a larger area, thus the reducing airspeed needed and the noise.
100x10W sources would be the same as 10x100W but spread over a 1x1m wall heater they would be easier to cool with normal speed fans.

thank you so much for the response.

watch it, phil. u get baned for threatening to dismember the robot.

Done

If we do not take into account the amount of time it took me to complete this task, then we can state the fact that this task has been completed. Nevertheless, it gives me moral satisfaction that there are 250 fewer Scam projects on Bitcointalk.

It works.
It's not so simple to create a pivot as intended, but I'm working on it.
Due to  the empty bottle of wine exceptional circumstances I won't be able to produce it by tonight, but I'm going to work something out.

wow, that's why odds on "By 1st September" dropped from like +105 to -150
Merge is indeed coming in Agusut 

Finally some justice in this otherwise dark world.

Smart miners have a plan to make profit because they have saved up acorns during the good times, which they can spend soon to buy a boatload of equipment for cheap. They have enough fiat saved up to pay the power bill during the coming hard times. They never paid over MSRP for the equipment and started paying off all loans when the price lost momentum in June 2021.

Dumb miners bought all their GPUs on credit (or leveraged their ASICs). They paid above MSRP for the equipment in the middle of the bull market rather than the beginning. They didn't sell any coin during the bull market, or worse, they levered the coins to buy even more equipment at inflated prices. Now they have no cash reserve to fall back on when profit goes to zero. The only way they can pay even half of the credit cards is to liquidate everything.

It would take years for a new GPU PoW coin to reach the same market cap as ETH, even if these manufacturers got lucky and somehow launched a currency that users/investors had confidence in. So this is a long-term play, not something that can prop up the mining market now.

I did not raise off-topic questions about my identity—a topic that I do not wish to discuss at all.  It has been raised here by multiple persons other than myself—repeatedly, persistently—sometimes jovially, but in one case with extreme and unwarranted hostility.

I think it was fully appropriate for me to reply to that once in the same place where the issue was raised:  The Wall Observer.  Insofar as I am concerned, that disposes the matter:  I have no wish to discuss it further—not in WO, not in Reputation, not anywhere.

Mention of altcoins was contextual.  I was not “pumping shitcoins”—and you will note, I didn’t mention which altcoins I hold or have held with favorable results.  It’s hard to pump something without saying what it is!  I think my point was clear in the context:  So, is nullius a secret altcoiner?  It is a rhetorical question.


That internal quotation (here unmodified) is wildly out of context.  I believe it’s quite clear that I was waxing satirical, for reasons that had nothing to do with my personal finances.

With regard to your statement that I rendered in bold, I want to emphasize for the record that I originally created this death_wish account with three consciously articulated motives:

• To seek last-minute advice trying to extricate myself from a mess.  I already knew that absent a sudden, lucky turnaround in the market, it was far too late for me; but I was understandably desperate!
• To vent.  I think that most people will understand that I am apparently a human being, and humans who lose >90% of their assets do sometimes want to vent in appropriate venues.  WO seems like exactly the appropriate place for me to say, “Oh no, look at how badly I just fouled things up” and everyone else can say, “Wow, you fouled things up so badly!  Rekt!  Don’t buy on margin!”
• To give a warning to others.  Even at the cost of some humiliation to myself.

I have spent years telling people not to buy on margin.  I have mentioned in several of my previous posts (and much more in a bunch of anguished outpourings I wrote but didn’t post), I made stupid mistakes that I warn others against.  My very first post under the intentionally melodramatic moniker death_wish was designed to drive the point home graphically.  Some of my recent weeping and wailing with prayers for Bitcoin’s forgiveness is intentionally over-the-top, for the same purpose.

DO NOT DO WHAT I DID.  Which I spent years saying not to do.  Which I then did.  No, really:  DON’T DO IT!

I am inevitably miserable about my losses.  I do not customarily wallow publicly in my sorrows.  It is embarrassing.  But I think that it’s important to warn others.  And I think that the entire record of my post history makes it excruciatingly clear, I absolutely take responsibility for my own decisions—and for the consequences thereof.  I don’t see how my writings could be read otherwise.


I do not desire to debate that in WO.  It is not the right venue.  I mentioned it in another context, with the rhetorical purpose stated above.  I also mentioned that I did just fine for years, until I tried margin.  Margin wreckage lost me BTC that I had attained from altcoin profits.

I do not recommend altcoin trading to others.  I am not some Twitter-buyer chasing moons, a.k.a. retail fresh meat in the VC slaughterhouse.  There is no “get rich quick”.  Whatever I do requires patience, intelligence, and information not sourced from hot tips on social media.  Elaborating would be off-topic in WO—and I am uninterested in chatting about it, anyway.  But yes, I do know what I am doing.

On a general note, as I have mentioned before, it would be inadvisable to attempt subjecting me to some sort of a Bitcoin purity-test.  I’ll win that one.


This is not the first time that I have rebuilt financially.  Previously, my personal wreckage was caused by severe IRL adversity which was not my fault, which is nobody’s business, and which I do not wish to discuss.  It took me five years of patient effort to rebuild what I just lost.  And this time, it will be harder because BTC is so high—and this time, I wrecked my own damnfool self.  Yes, I know what lies ahead of me.


I don’t know how you misinterpreted that.  Nothing that I have said could be read as other than, “How could I do something so stupid—I messed this up big time!”

I’m sure your patronizing lil selfie read this, since you gave it a merit weeks ago:


With full gratitude for your earnest attempts to help me get out of a bad situation when it was far too late, I do request that you be more careful in representing what I have written here.  Context is important, and I have never tried to evade responsibility for my own actions.  After all, this is why I am in Bitcoin to begin with:  My money is my money!

Unlike some people in (ahem) the Speculation forum, I was not initially drawn to Bitcoin by the prospect of profits.  I only learned about that part after I was already in BTC.  I am in this first and foremost for principles.  I have a cordial contempt for “Bitcoin investors” who are in it only for the money—cordial, because I appreciate that their investments help to empower my noblest of principles—contempt, because their motives are venal.  I care about Bitcoin.

Naturally, I want for Bitcoin investors to get rich.  It is their condign reward for supporting Bitcoin.  But I know that they do not care for Bitcoin, as I do.

My principles:  I do not want for anyone else to take responsibility for my financial decisions!  That would mean permissioned systems:  Restrictions on how I use “my” money.  KYC to enforce the restrictions.  Limits on how much I can send, and to whom I can send it.  Regulations that restrict profitable opportunities to “accredited investors”.  And so forth...

I doubt I need to underscore my passion and my principled demand for permissionless systems, which by their nature let me mess myself up if I so choose.

Bitmain already tried to produce the Antminer R4, but it wasn't very popular. Way back in 2013, the very first Bitcoin ASICs were from Butterfly Labs and they were quiet. Then we had Gridseeds for LTC/DOGE which used 50-100w each.

I think most people who home mine will buy GPU rigs without even considering a Bitcoin ASIC. If they're mining anyway, why not buy the equipment with the highest profit-to-power ratio?

Somehow, most people are indifferent to getting no interest.
It would have been an outrage in the 70-ies or 80-ies or even in the 90-ies, but somehow become acceptable.
An anecdote: I opened my first online brokerage account in 1997.
Do you know what was the interest on cash in my account?
4.75%, lol (with inflation at 2.3% back then and fed funds rate at 5.46%)
Now-ZERO (or some infinitesimally small number with inflation at 6-8%).
This does not make much sense.

Yes, i agree that 5-6% "bleed" in 12 mo is an uncharted territory.
I also saw a chart that shows 16% year-to-year decrease in income.

Since the duty and penalty tax are so high.Will you declare the import amount lower when you import the miner from China?  What if the customs notice it, will there be more trouble?

You are right but the reason why a bear market is a good time to start mining is low mining difficulty, if no miners are leaving the network it will make no sense, look at the situation right now, we are in bear market but not as dip as that of 2018 where people are switching of their rigs, mining difficulty is still very high still.

No, it's still shitty.