Bitcoin Forum
July 14, 2024, 03:37:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 [356] 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 ... 2312 »
7101  Economy / Speculation / Re: A crash where Bitcoin wasn't responsible should be treated as such on: May 16, 2022, 03:55:44 AM
Bitcoin has crashed really hard but we also need to mention what's important:

Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. It was caused by a single, very risky ALTCOIN, where fundamentals of were not proven sufficiently. It was a weak Altcoin causing a huge crash.
An Altcoin, where no link to Bitcoin's tech was around. Bitcoin and Altcoins are totally independant, still people are getting FUD and sell Bitcoin causing a crash.

People should be aware for a similar situation: Bitcoin wasn't responsible for what happened, Bitcoin was safe, working as usual and as usually proven since Bitcoin was started. No need to sell Bitcoin.
People need to learn to be wise and don't sell Bitcoin when different Altcoins are having techical problems. It will likely happen a lot more because we have a lot of shady Altcoins!

A very good recommendation: don't sell Bitcoin when a different Altcoin crashes!

After all, such crashes will only re- distribute coins from weak hands to strong hands (HODLers).
To be succesful means to understand Bitcoin is independent from Altcoins and to understand HODL.  Smiley


So if eth moves to pos and it crashes to 100 bucks dont you think all the wrapped btc will drop like a mofo?
7102  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Terra Luna Delisting from Binance, investors lose millions of dollars! on: May 16, 2022, 03:46:35 AM
Binance's face-to-face change is scarier than the ex-lover's rejection. I saw CZ criticize the team and head of Terra Luna, but then he went on to bring the news of having a private meeting with them to save the coin. I also saw an opportunity and was willing to lose a few dozen dollars over the past few days to see how long this comedy would go on, and after seeing my account xx quickly after a good night's sleep, I think that the money spent on buying back BTC would be better to continue with their play. But it's also sad to see that the previous investors who accompanied Luna are insolvent and many people have also chosen death to stop their journey. It's so sad for them and it's sad to see what happened.

are there truly any confirmed suicides
7103  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 16, 2022, 03:14:27 AM
Here in New Jersey we will be having a red moon eclipse tonight. Moon is about 55% covered right now.
7104  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: May 16, 2022, 03:04:51 AM
back to 30k as I type, but I agree, I think a correction of some type is about to happen, maybe sub 40k is possible before one last leg down and then a few months of side ways between 20k to 30k seems very reasonable at least based on previous cycles, no new ATH for at least a year from now.

I agree that this is the most likely scenario. According to the HODL price model (just because it was correct so far doesn't mean it is a crystal ball), we've already crossed the lower boundary. We could stay below that yellow line for a few months, but not for 1-2 years. My prediction is just a little higher than yours. I think we'll have a ~$30k crab market for the rest of the year.

Too complicated for me to understand, U.S style of capitalism shit is just so complicated, so much money is created out of thin air, inflates everything around it, and a few people get to convert that shit into real-world assets, creating massive inflation,then sell the top to the med class and poor people, reck the market, buy cheap, rinse and repeat.

Eventually, those large crops might get to the point where they have to declare bankruptcy, while they might still function as per your explanation, good luck finding anyone to invest their money with large mining crops.
Great job summing it up accurately in just 1 sentence. It's not even 'capitalism' anymore. The U.S. economy should be called 'cronyism' or 'corporatism'. I had to spend weeks researching the tax code, watching videos and talking to accountants to figure out the tricks that the rich use. These tricks are important because they can lead to 20%+ more profit or 10-20% cheaper capital cost.

It doesn't matter to us smaller miners whether Marathon stock goes down 70% or Whitstone declares bankruptcy. The only thing that matters is the price of ASICs and network difficulty. The corporate equipment will keep mining, regardless of who owns it, and network difficulty won't go down by much unless BTC goes < $15k for months.

If they can barely pay their operating costs, why would they sell the miners and then owe income tax for depreciation recapture? They paid $6000 for an Antminer S19 and wrote it off, it's worth $2000 now, so they have to cough up $420 to the Feds, even though that S19 is making just $3/day of profit. It'll take them 6 months to even afford the tax bill if they sold it. I doubt they would sell the miners even if BTC is $8k. They'd probably seal the warehouse like an Egyptian mummy tomb, hoping for BTC price to rebound.

Many of these corp-o-mines, especially the U.S ones, don't even sell the coin. They HODL it. So they aren't motivated by short-term profit.

Yeah if you are lucky enough to get 300-400k worth of gear at good power and stable price for the power .

You can make a living for 3 or 4 guys but you are by no means big.

Our solar will anchor power costs but it will still be limited as we are just about at 450kwatts which is 75kwatts 24/7/365

We found a new site with about 25,000 square feet of roof.  and 5 empty acres for possible ground mounts.

if it works out maybe this site will allow for 200kwatt on roof and 500kwatt on ground

which is about 116kwatts 24/7/365 time will tell.

it is a battle to get good sites.
7105  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 16, 2022, 12:52:03 AM

Planted a few rows with seed tape and they are already coming up while the other rows are not so not sure why but it was so much easier with the tape.

Not familiar with that. I'll have to look into it. The tomato plants I started indoors after the outside ones didn't seem to be taking are now bigger than the ones that have been outside.

I had an issue with my basil plantings this year.

this post has convinced me to plant again thank you
7106  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: May 16, 2022, 12:13:30 AM
Look at the listed companies.  Marathon’s stock has been cut to a 1/3.  Rewards cut in half and they must have took on a boat load of hardware at the peak of the market even at what must have been a decent discount.
The Fed hasn’t even really started QT and the everything market totally shit the bed.
Between inflation and the measures to correct it I have a hard time thinking this is even close to the bottom.
Nonetheless we’re in infrastructure mode and would love to fill it up with cheap gear!   Grin
I’ve seen some $65/TH which is still high at this price.

back to 31.2k from 25.3k
maybe it goes to 41k by fri the 20th

25.3k may have been it.

but if the fed does .5% again things could become very interesting
7107  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2022, 10:45:35 PM
I've always thought our DNA may have originated offworld, it would make sense if a civilization that was facing destruction might seed through dna strands. But its just as likely that chemical reactions will inevitably lead to their construction given enough time and reactive components no matter what the location.

I have always felt life is inevitable on a physics level and that its not some miracle.

If the many worlds interpretation of quantum mechanics pans out then anything that can happen will happen. So while most universes do not have the preconditions of life, an infinite amount of universes do. We just happen to be in one of those lucky universes. So it's not really a miracle. It just looks that way from our perspective.


I don't know what you newbies might think of the 'demon gates' from Mars, but instead of Ukraine or Russia, I would focus my attention more on Turkey.  Roll Eyes  Roll Eyes

Isn't this how Doom started?

I, for one, welcome our sexy demon overlords.

And if  anything can happen it will happens means a creator could happen.
and if anything can happen it will happens means a creatorless existence could happen
thus it proves and disproves a creator if its true.
quite the paradox.
7108  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2022, 10:23:32 PM
Proudhon predicted 70k by the end of may.

we can only hope he is a time traveler 🧳 and knows what he is talking about.
7109  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2022, 02:21:15 PM
The easy solution is to just divest the alts and put it in safe investments like gold, silver, land and...  BITCOIN.

Holy fucking shit cAPSLOCK.  Do you require a bat slappening to get you to snap out of your seeming delusion to depriortize bitcoin in your above list of supposed good investments.

Your thinking seems to be muddled.

Did you forget where you were, brandon?  

hahahahahahaha


......... run to the safety of hard assets like precious metals, real estate and BITCOIN.  

oh my... You did it again...






As usual you are not reading my context.

My point is RETAIL (not the WO thread) is NOT interested in BTC right now.  They have not been since they bought between 13k-20 in 2017, held and lost at least half their money when they got out, or shifted into garbage coins.

Institutional buyers have been filing in over the last 5 years, and some of the smarter one offs.  Billionaires, home offices and the like.

I would say the average WO denizen is somewhere between 20-80% in Bitcoin.  But the average monkey jppg buyer has less than 5%.

The list I am making saves the best for last and puts it in all caps.  Smiley But land and precious metals are also going to be safe havens in the coming storm.  The riskiest of the three is land, with bitcoin coming in second.  Metals are not risky, they are boring and reliable... and may just hold their relative value at best.

I personally have a small cache of silver and gold, and own my own home.  I am not going to reverse mortgage my home to buy Bitcoin, and I do not need to.

The rest of your post is good enough including the reference to various scenarios.  I should clarify my moderately bearish up/down/sideways numbers are meant to be interpreted as VERY short term.

I think right now we are biased to choppy/down scenarios.  But I do not think we go very far down... we are right around the 200DMA currently.   And with a good non trivial chance at going up from here.  The reason for this is the macro environment is horrifying. Ultimately this makes Bitcoin more valuable.  Bigly so. But maybe not during the next month.

I will also point out that while you call me dumb over and over, I was here at this forum years before you, and I expect also "in bitcoin" then too...  Dumb luck I guess. (It really was... but so was yours Smiley )

gold is a terrible 50 year hodl move.

more likely a terrible 20 year hodl move.

https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/


silver = okay

land = okay

as for btc I still have mine.

here is some advice

dca some cash
dca some silver
dca some btc

and I won't mention

ltc/doge

as many do not like to read that here.

oh and remember dump all eth
7110  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: May 15, 2022, 01:04:15 AM
So as miner prices go down, they will buy even more and build more warehouses, which will put a damper on the price declines. I won't be surprised if new S19 95T units cost $5000 each if BTC is worth $15k. I think this time will be different from the past, where miner prices did react to profitability.

Don't they have to default at some point? I mean the term "unlimited money" is just an exaggeration.

Someone on telegram was talking about this the other day and he said most of those folks take loans to buy new gears and the collateral is the previous gears they have, if that is correct, then the more prices drop the more money they have to add to the collateral which creates even more pressure.

Does anyone here know how those large corps actually get all that money?



corporate wellfare.


many governments feed lots of cash to a lot of companies.
7111  Alternate cryptocurrencies / Mining (Altcoins) / Re: SATA to 6-pin PCI-E connector on: May 14, 2022, 06:12:18 PM
also a molex cable can do 2 risers.

Technically correct but not advised unless YKWYD. But it should never come to that. If you need that many extra
PCIe power connectors you're probably overloading the PSU.

yeah if I have a large atx build I use a 1600 watt evga.

I got some evga titanium for 245 and some gold for 230 which is like half price. I do not have to worry about an over load. as I only push 1100 of the 1600 watts they can do.
7112  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 14, 2022, 06:08:51 PM
Casual retail investors can't get over the fact one BTC is so much money and doesn't return anything. When they see other coins are cheap and give 10% or 20% in "interest", and can rise in price like crazy.

Of course it always ends in tears...

yeah btc is like a 30 year t-bill with no interest. thus it holds back a lot of investors.
7113  Bitcoin / Hardware / Re: Reflashing S17+ Firmware without a zip file on: May 14, 2022, 06:04:08 PM
what firmware do you have?

7114  Alternate cryptocurrencies / Mining (Altcoins) / Re: SATA to 6-pin PCI-E connector on: May 14, 2022, 04:37:19 PM
I have melted sata cables when i did 2 risers more than one time.
My experience with the SATA/Molex PCIe risers is they are actually safer for higher-power video cards like RTX 3080's or RX 6800's. The danger is the low-end GPUs with only a 6-pin power connector. Back in 2017 I attempted to build a Radeon RX 470 rig with Molex PCIe risers. When it started mining ETH, the cables started billowing smoke. I figured out the cards were drawing the full 75W through the PCIe slot. 6A of power was going through a single sucky 20AWG wire. From then on, I only bought risers with a 6-pin power connector. I buy cables with a 18AWG thickness at minimum, with 16AWG preferred.
My Radeon RX 470 - 480 have been running SATA raisers for 6 years now. I do not use adapters with :4 pin - SATA raisers, because they are of poor quality and I connect the raiser directly with a SATA cable from the power supply. The 6 pins of the raiser at that time were not very polar due to problems with the connectors on the PSU.

yeah that can work with a sata cable per riser.

also a molex cable can do 2 risers.

Most people try 2 risers for a sata cable and melting is common.

7115  Other / Serious discussion / Re: Has anyone built a "briefcase computer"? on: May 14, 2022, 04:19:03 PM
You know, the ones which you slap a bunch of full powered computer components inside a briefcase, with all the framing, and what not, and call it a portable computer?

I've been thinking of doing it myself, since I'm getting a little bit tired of the price to performance ratio of laptops, plus I quite like the idea of having a triple monitor setup to aid with doing work on it. I'm not looking for a full powered gaming computer, this will mainly be a working computer. So, it'll likely be coming out in the field with me, so the weight ratio will have to be decent, and it would need to be semi rugged. I tend to buy rugged computers anyhow due to my life style.

I'm wondering if anyone has any specific security recommendations or thoughts before I commit to building it. If I'm going to do it, I might as well put hardware kill switches on it, and all the bells, and whistles. Then, throughout the years I can stick to this machine, rather than upgrading laptops. The current laptop that I do the majority of my work on is rather old, and quite slow when running Qubes OS, but I'm finding it rather difficult to justify upgrading due to the expense I would need for a rugged modern laptop.

I'm taking a little inspiration from this: https://www.youtube.com/watch?v=dSJZ7MtKe1w although, that's way too big for my liking so I would be looking to downsize quite considerably. Although, he does have quite an interesting video on a battery, which I think I'll be whipping up also. Here's his power station video: https://www.youtube.com/watch?v=dSJZ7MtKe1w

I don't plan on storing Bitcoin on it, so no need to go into that sort of detail. Although, I might think about integrating a Bitcoin node somehow. Haven't given it enough thought yet on how I'd achieve that especially if I wanted to run it 24/7.



so something in a case that is cheap well how powerful?


you can look into   a Lenovo,dell,hp like these

https://www.ebay.com/itm/224938792518? 850




get a screen or not say 100 bucks



and a power supply/battery/inverter/ups


https://www.ebay.com/itm/403624268498? 200 bucks



ballpark cost of 1200

The pc is pretty rugged I have used hundreds like it

all fast googles on ebay  to give me an idea of what you want to build.

I found a decent tiny unit with an 8700t intel 500 gb ssd and 16gb ram. used from a good heatware seller

thus  500 for the pc and 100 for the screen and maybe 200 for power supply.

drops you down to 800 maybe 900 including case and a cooling fan.

It would be close to a 1500 laptop. the biggest issue is the graphics.
7116  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 14, 2022, 02:14:32 PM
The pandemic is over
Bitcoin is dead
IDC

GM y'all Grin

The only pandemic that occurred is a serious affliction of the mental capacities of humans and it seems far from over 😅

Luckily some of us seem to be immune to its effects Smiley

That's weird.  I know three people who died from the imaginary virus, and one who it gave a heart attack to.  All people in risk groups.  Also as a hospital data professional I was in part responsible for building the dashboards that tracked the progress of the imaginary disease.

Nuance is important.  There is no doubt that the greater contagion was the mind virus you mention.  But the design of that is to polarize us into extreme groups so we can be easily controlled.

When I was a kid you could also divide the population into two groups.  There were the "popular" kids who knew what to wear, and what music was currently cool, and what Saturday Night Live punchline should be currently said.  And then there was the other group, who was also aware of all those things but rejected them. We (I was in the latter group) made sure NOT to wear those clothes, made fun of the music and mocked the Saturday Night Live one liners.

It took me a while to realize we were really all playing the same game.

Didnt say there wasnt a virus. Corona virusses have existed for millenia and people have been dying from it since they first started animal husbandry.

Pandemic is the word I attacked.

Also your "dash boards" are full of false info. People falling down stairs and breaking their neck are counted as Covid death. Likewise people dying after taking covid shots (note: they arent vaccines), but before 2 weeks have passed since taking the second dose, are counted as "unvaxxed Covid death".

The data set has been dirty from the start. You've been visualizing false data. Garbage in garbage out.

I would say you have a lot of accuracy here. The key question is what is a pandemic.

here is the world of meter chart.

let us all pretend it is perfectly correct. all I care about is deaths per million number



https://www.worldometers.info/coronavirus/country/us/


-------State-------Deaths/1M pop

1   Mississippi      4,186   
2   Arizona      4,153   
3   Alabama      4,003   
4   Tennessee      3,846   
5   West Virginia   3,846   
6   Arkansas      3,783   
7   New Jersey   3,776   
8   Louisiana      3,720   
9   Oklahoma      3,634   
10   New Mexico   3,628   

11   Michigan   2,472,596      36,140      2,364,850   71,606   247,585   3,619   25,085,890   2,511,890   9,986,857   [1] [2] [3] [4]    [projections]
12   Georgia   2,530,918      38,086      2,464,921   27,911   238,374   3,587   24,947,545   2,349,680   10,617,423   [1] [2]    [projections]
13   New York   5,451,816      69,098      5,271,761   110,957   280,248   3,552   109,308,407   5,618,941   19,453,561   [view by county] [1] [2] [3]    [projections]
14   Kentucky   1,336,858      15,797      1,297,871   23,190   299,229   3,536   13,675,281   3,060,940   4,467,673   [1] [2] [3] [4]    [projections]
15   Indiana   1,713,834      23,636      1,572,463   117,735   254,572   3,511   19,769,370   2,936,531   6,732,219   [1] [2] [3]    [projections]
16   Nevada   724,364      10,798      701,439   12,127   235,171   3,506   6,875,532   2,232,203   3,080,156   [1] [2]    [projections]
17   Pennsylvania   2,849,663      44,814      2,760,545   44,304   222,595   3,501   26,188,995   2,045,697   12,801,989   [view by county] [1]    [projections]
18   South Carolina   1,481,975      17,869      1,447,995   16,111   287,834   3,471   16,394,775   3,184,247   5,148,714   [1] [2] [3] [4]    [projections]
19   Florida   6,041,987      74,178      5,842,331   125,478   281,314   3,454   57,555,629   2,679,781   21,477,737   [view by county] [1] [2] [3] [4]    [projections]
20   Rhode Island   381,271      3,552      361,775   15,944   359,907   3,353   7,891,500   7,449,302   1,059,361   [1] [2]    [projections]
21   Missouri   1,428,117      20,382      1,390,754   16,981   232,690   3,321   14,632,189   2,384,091   6,137,428   [1] [2] [3] [4] [5] [6] [7] [8]    [projections]
22   Ohio   2,724,041      38,550      2,647,566   37,925   233,041   3,298   22,272,602   1,905,416   11,689,100   [view by county] [1] [2]    [projections]
23   South Dakota   238,635      2,917      234,664   1,054   269,748   3,297   2,176,218   2,459,951   884,659   [1]    [projections]
24   Montana   275,113      3,381      270,881   851   257,409   3,163   2,789,012   2,609,534   1,068,778   [1] [2] [3] [4]    [projections]
25   Wyoming   157,031      1,817      154,406   808   271,324   3,139   1,396,443   2,412,823   578,759   [1] [2]    [projections]
USA Total   84,174,521      1,026,527      81,207,019   1,940,975   254,302   3,101   1,016,652,419   3,071,433          
26   Connecticut   779,460      10,914      730,020   38,526   218,625   3,061   15,534,710   4,357,212   3,565,287   [1] [2] [3]    [projections]
27   Texas   6,861,934      88,677      6,693,059   80,198   236,652   3,058   64,567,227   2,226,772   28,995,881   [view by county] [1] [2] [3]    [projections]
28   Iowa   866,696      9,555      844,674   12,467   274,699   3,028   8,492,575   2,691,723   3,155,070   [1] [2] [3] [4] [5] [6]    [projections]
29   Delaware   267,265      2,931      257,113   7,221   274,466   3,010   1,026,007   1,053,651   973,764   [1] [2]    [projections]
30   Illinois   3,209,341      38,005      3,044,371   126,965   253,266   2,999   57,898,053   4,569,040   12,671,821   [1] [2] [3] [4] [5]    [projections]
31   Kansas   778,045      8,691      762,294   7,060   267,065   2,983   2,269,976   779,173   2,913,314   [1] [2] [3] [4] [5] [6] [7] [8] [9] [10]    [projections]
32   North Dakota   242,462      2,272      239,113   1,077   318,166   2,981   618,121   811,116   762,062   [1] [2]    [projections]
33   Massachusetts   1,809,309      20,393      1,738,970   49,946   262,504   2,959   44,490,508   6,454,913   6,892,503   [1]    [projections]
34   Idaho   447,913      4,933      439,977   3,003   250,642   2,760   2,925,021   1,636,774   1,787,065   [1] [2] [3]    [projections]
35   Wisconsin   1,639,365      14,502      1,578,666   46,197   281,560   2,491   16,279,372   2,795,974   5,822,434   [1] [2] [3] [4] [5]    [projections]
36   Maryland   1,051,938      14,520      1,003,407   34,011   173,998   2,402   20,621,268   3,410,910   6,045,680   [1] [2]    [projections]
37   Virginia   1,733,188      20,317      1,661,419   51,452   203,056   2,380   19,172,533   2,246,206   8,535,519   [1] [2]    [projections]
38   North Carolina   2,691,805      24,588      2,640,452   26,765   256,654   2,344   26,356,209   2,512,967   10,488,084   [1] [2] [3] [4]    [projections]
39   California   9,349,698      91,070      9,009,110   249,518   236,628   2,305   164,471,446   4,162,546   39,512,223   [view by county] [1]    [projections]
40   Colorado   1,407,405      13,269      1,340,900   53,236   244,395   2,304   17,608,421   3,057,689   5,758,736   [1] [2]    [projections]
41   Minnesota   1,479,047      12,849      1,447,550   18,648   262,259   2,278   19,479,012   3,453,951   5,639,632   [1] [2] [3]    [projections]
42   Nebraska   482,305      4,234      474,103   3,968   249,330   2,189   5,506,012   2,846,355   1,934,408   [1] [2] [3] [4] [5]    [projections]
43   District Of Columbia   144,675      1,341      137,819   5,515   204,995   1,900   3,067,883   4,346,989   705,749   [1] [2] [3]    [projections]
44   New Hampshire   316,691      2,500      309,664   4,527   232,911   1,839   4,764,871   3,504,326   1,359,711   [1] [2] [3]    [projections]
45   Oregon   738,830      7,560      695,963   35,307   175,172   1,792   11,347,601   2,690,448   4,217,737   [1] [2] [3]    [projections]
46   Maine   254,427      2,335      236,442   15,650   189,276   1,737   5,218,447   3,882,161   1,344,212   [1] [2]    [projections]
47   Alaska   247,865      1,235      240,756   5,874   338,824   1,688   4,107,614   5,614,985   731,545   [1]    [projections]
48   Washington   1,530,430      12,791      1,458,797   58,842   200,979   1,680   13,478,234   1,769,983   7,614,893   [view by county] [1]    [projections]
49   Utah   938,864      4,761      925,511   8,592   292,850   1,485   9,406,861   2,934,181   3,205,958   [1] [2] [3]    [projections]

50   Vermont      1,038   
51   Hawaii      1,013   






52   Puerto Rico   593,513      4,250      484,974   104,289   175,236   1,255   4,175,246   1,232,748   3,386,941   [1] [2] [3] [4] [5]    
53   Guam   48,496      361      47,902   233         450,478         [1] [2] [3]    
54   United States Virgin Islands   18,037      113      16,726   1,198         396,103         [1] [2]    
55   Northern Mariana Islands   11,305      34      11,262   9         107,810         [1] [2]    
56   American Samoa   5,999      30      5,796   173         16,082         [1] [2] [3] [4]    
57   Veteran Affairs   635,180      21,926      604,634   8,620         8,626,902         [1] [2]    
58   US Military   627,042      687      601,100   25,255                  [1] [2] [3]    
59   Federal Prisons   69,144      302      68,671   171         129,677         [1]    
60   Navajo Nation   53,643      1,770      51,737   136         524,926         [1] [2] [3]    
61   Grand Princess Ship   122      7      115   0                  [1]    
62   Wuhan Repatriated   3            3   0         3            
63   Diamond Princess Ship   46            46   0         46            
Total:   84,174,521      1,026,527      81,207,019   1,940,975   254,302   3,101   1,016,652,419   3,071,433       





So why do the top 10 deaths states have about 4 in 1000

and Vermont and Hawaii have about 1 in 1000

worse yet why isn't that big news.

Personally I would think

7117  Bitcoin / Mining / Re: [U.S. miners] How to defer taxes on your earned coins on: May 14, 2022, 01:57:03 PM
As you know, the evil, ugly IRS considers mining revenue 'income' the moment it arrives in our wallets. However, I found a trick to roll the crypto into a retirement plan and therefore get a tax benefit.

Step 1: Incorporate your mining operation as an LLC, if you didn't do so already
Step 2: You must earn a net profit after power cost & depreciation!
Step 3: Open a Solo 401(k) retirement plan for the company. There are services that make this very simple. They will register a trust fund entity on your behalf and appoint you as the trustee & plan custodian.
Step 4: Open a new corporate exchange account on Kraken/Gemini/Coinbase Pro in the name of the trust.
Step 5: Send your mined crypto to the exchange.
Step 6: You just made a 401(k) contribution which is either on a pre-tax or Roth basis! If you chose pre-tax, it's like buying 20-30% more coins. If you chose Roth, you'll never owe any future tax on the growth.

I think it's even possible to store the crypto in a hardware wallet instead of on an exchange. Solo 401(k) accounts allow you to invest in almost any asset.

The other benefit of this type of account is a high $60k contribution limit, the ability to borrow up to 50% at zero interest, and rolling over existing retirement accounts into buying tax-advantaged Bitcoins while the price is $28k.

Of course, please consult with an accountant or attorney to make sure you're doing this correctly. Mistakes will be expensive. The maintenance / transaction fees can be $1000/year or so as well.

I have just started this experiment today. The process should be complete this month.

I am meeting with an accountant on June 9th

We formalized the company this year.

We have an LLC my partner is 45 I am 65

The joint venture we do with 2 other guys they are 25 and 58 they have an LLC

We will be looking into this.

Oh you are now at 100 points which is a new level Full member once you get the activity in. A few weeks of posting will get you to activity of 120

Rank_________   Required activity   Required merit
Brand new----   0----------------------   0
Newbie-----   1------------------   0
Jr Member-   30----------------   1
Member----   60----------------   10

Full Member   120--------------   100

Sr. Member   240--------------   250
Hero Member   480---------------   500
Legendary   Random in the range 775-1030   1000
7118  Bitcoin / Mining / Re: mining with CryptoTab vs USB miner vs old Antminer S1 on: May 14, 2022, 01:07:52 PM
well most people wont like this but if you get a laptop mine it to nicehash

it earns more.

you mine eth and nicehash auto converts to btc and pays you in btc.

technically you are mining eth not btc but in practicality you get paid in btc.

it is better than the advice you are getting here.

but the info i am giving would be considered alt coin advice.

if you are usa based best buy has a few good laptops you could get.
7119  Bitcoin / Bitcoin Discussion / Re: Elon Musk won't save Doge or Bitcoin this time on: May 14, 2022, 04:13:19 AM
We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.




if you think the fed is going to pay 9% on 30 year bonds you may be correct that rate would hurt btc and other coins.
7120  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: May 14, 2022, 04:09:35 AM
I want more price drops, and I want more cheap miners, I also want all those large corps who paid 10k or more per gear to suffer and stop gambling with investors' money.
The mindset of these mega-corporations is that mining is a speculative investment that they will hold onto for years, even if BTC goes to $10k. They or their investors are used to losing money for 10 years in other business models then making up the difference later. That is how most tech startup companies work. They are perfectly happy with breaking even during a bear market.

They probably can't sell the equipment or close up shop because they usually buy the land, pay to build the warehouses, and depreciate the miners. It's extremely hard for them to liquidate even if they wanted to, not to mention 'admitting defeat' to the investors.  So they aren't upset as long as they can pay their power bill, which is already very low at 3-4 cents.

So as miner prices go down, they will buy even more and build more warehouses, which will put a damper on the price declines. I won't be surprised if new S19 95T units cost $5000 each if BTC is worth $15k. I think this time will be different from the past, where miner prices did react to profitability.

The only market that would have more reasonable prices is the used video card market. There are very few GPU mega-mining farms. The average GPU miner has 2 or 3 rigs and they're much more sensitive to profitability. It's easy for them to liquidate to starving gamers who still need cards.

when it was july 2020 I grabbed a used s17 for 785.

we preordered an s19 from bitmain for 2300 and with tax it was about 3k

So the s19 can drop a lot.

Or better yet the s19xp may one day drop to 4k.

but a lot is unknown here.

luna/ust + a pile of btc about 30000 coins all setup around april 1 and failed by may 12 dropped the overall crypto cap from 2.1 trill down to 1.35 trill.

a loss of 20 bill a day for say 41 days in a row.

picture eth with all these wrapped and layered coins. picture it going pos in late august this year and burning up as well it should. as we all know pos = piece of shit.

i am thinking the market drops from 1.35 trill to 500 or 600 bill.
Pages: « 1 ... 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 [356] 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 ... 2312 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!