If/when Bitcoin gets real privacy, I expect that it will also embrace “selective disclosure”. That would preserve irrevocable, undeniable, irrefutable blockchain information for legitimate use cases—while locking out the prying eyes of hackers, cyberstalkers, armed robbers, kidnappers seeking ransom, and commercial espionage that seeks to infer competitive business plans from financial transaction data. Isn't the blockchain information irrevocable, undeniable and irrefutable because, from the way I know it, these attributes and the confirmation that follows broadcasted transactions are the ways in which the chains are ensured of security. Speaking of selective disclosure, is that really going to be a plus to the blockchain technology? You know, the only way for transactions not getting counterfeiters is the verifiable nature of the blocks. I'm not very deep into this stuff so, if am getting it wrong at some point, am happy to be corrected. With these kidnappers, rubbers and others not knowing who is behind an address what matters to a selective disclosure? We don't want or need undetectable btc in this world. We need btc that can be hidden until you need to cash it. Without agreeing or disagreeing, what is the difference between these two apparantly contradictory statements...aka "hidden" and "undetectable". To me, "hidden" is being temporarily undetectable. Isn't it? no it is fully detectable ie here is an address https://www.blockchain.com/btc/address/1BmZSqwX7GivA88FdqupyVRedzRRPE3chrit moved coins and very likely the gov knows the actual owner. and here is another address. 3MR9bkqFVX1f1QxutMu55J3VcvAESEw1Yd no coin in it and the owner of it is hidden but its existence is not undetectable. hiding a virgin address is no big deal. hiding an address owner and mining on an anyonomus pool will create a detectable amount of coin. but no issue until you cash it out. if we make cash out impossible to detect the world governments will go after btc like mad. the idea I can mine 100 usd worth of btc to an address no one knows the owner is fine the governments clock these addresses and can go after you when you cash it. but if I mine 100 a day on nicehash to a safe address and move out of my country . (USA) it is likely I will beat the Gov.the money. In my case my pension and my wife pension is all fed usa paid. so If I run from USA with "hidden BTC" then show it in a tax free country the USA will assess me a tax and confiscate our fed pensions. I would need 200-300 btc to consider burning my USA citizenship. They don't worry about escape accounts for most of their citizens . As the escape account needs to be huge to be worth it. Not many people have 200-300 btc in ownership hidden wallets. |
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The Ethereum mastermind noted that Lido Finance, the largest provider of staking services for Ethereum, where around a third of staked ETH (stETH) has been deposited, could theoretically disturb the Ethereum network post-Merge.
The counterargument from the PoS folks will be: - Mining pools can launch 51% attacks
- Miners who launch a failed 51% attack will only lose a few hours/days of hashrate while they keep all their equipment. But rogue PoS attackers risk losing all their staked coins
I'm wondering if anybody here has a good rebuttal to their claims. Core dev call just wrapped up:
As always, we appreciate your boots-on-the-ground updates mmm so mr v says he is concerned that pos will have a possible issue due to Lido Finance holding 33% of the staked coins. I see trouble 😈 just around the corner. Good luck mr v. with keeping Lido on the lease once POS give them leverage. |
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I found some at 6,000 supposedly from tetherasic.com , what should I expect to pay for used l7? Is there something else maybe I should look into? I’m willing to spend about 20,000 usd to start. Thanks I look forward to hearing your feedback. Cheers
that us a scam price. and ltc/doge asics belong in alt coin section. not here. As for proper prices if you can find a legit l7 at 10 k I would be stunned. |
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I would start now if I were you with 1500 USD you can buy a complete mining rig with 3 x Rtx 3060 12 GB cards which now with the 100% unlock get like 49 Mhsh and the three of them will get you near 150 Mhsh.I think this is enough hash rate to see for yourself if mining is good for you or not.Keep mining is the best you can do as I am pretty confident in the long term this 1500 USD will bring you more coins rather than spending 1500 USD to buy like 0.06 Bitcoin now,beside that you can diversify your portfolio as you can mine different coins,low value coins and keep them for the long term,if we hit another bull run these coins can increase in value exponentially bringing you profit.
My personal opinion is,mining is better than buying coins directly and to me this has always been the case.
he can get 3 evga 3060ti for 539 each I have a 3% code if he wants it they do 60 mh so for about 1650 he can have a 180mh rig |
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Realise I'm replying late down here but the thing though with a "sell everything and the kitchen sink" mentality, you're usually a right fit for the Wen Lambo group as well.
The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.
DCA's already pretty much perfection. My 2 satoshi.
basically this is a three for one sale actually a bit better. 23k 3x = 69k and we are 21 k so more like 3.2 for 1 I will buy more next week. i got in at 17.7 ,18.9 ,19.9 |
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When i look at the price right now for the L7 Antminer i would say dont buy one and maybe invest the half of the money directly in the coin you want to mine. Should be right now a good time to buy the Coin at the current Market price as everything is low now. There are some prices i found for the L7 Antminer and thats all others as cheap : https://www.asicminervalue.com/miners/bitmain/antminer-l7-9-5ghHard to think it is worth over 12k it makes about 25 a day power cost is 85 k-watts or 8.50 so net 16 to 17 means over 700 days to break even |
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 looks like that fat pos pissed buddy off a bit and we are climbing again  |
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There are multiple factors before you can call an economy weak or strong. If you choose based on wall street or NASDAQ, that3just ine side of the story. One thing you need to understand that alongnwith US, China is a self-reliant country. Russia is also going towards the same goal. In the entire world, only China and Russia has the power and guts to disregard US sanctions and carry on trades. So if China and Russia form an war alliance, that will not be a good news for the US and the world.
I strongly believe that there should be a balance in power for a better and peaceful world. Middle east lacks such leader in them and US is slowly destroying middle eastern countries in the name of fighting terrorism. US would have invaded North Korea by now if China wasn't standing strong with them. If Russia stayed strong with Middle east, the Iraq, Syria and Afghanistan was wouldn't have happened.
There are a lot of unknowns and it's very difficult to guess the dynamics of world politics. But I believe one strongest country is not good for the world. There has to be someone similarly strong to maintain a balance.
Nah surest way to continue a managed endless war is the recipe above. Most likely earth will do just that and we will be in ruins in under 50 years. Since I am 65 I will be dead and will not likely see it happen. I figure 2050 to 2065 and major fuckups abound. Death and waste on worst scale in known history. To bad but it looks like that is the road we are all on. |
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If diff does not collapse like 2018 there will be a lot of mines closing soon.
Just stay in the sub 20k better yet sub 19k zone.
I still feel bottom range is 15-17k
my partner buysolar thinks 13k
I have buys set for 16.9k and 15.9k
I'd say the bottom is right above $15k but it could dip for a few hours down to 14.x. Maybe mines left their gears on desperate to see through what they think is a short-lived dip. Since the dip isn't getting anywhere higher in the past week I suppose that some will finally capitulate and shut off most of their equipment. To force out a lot of miners we would need under 15k for weeks. |
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hmm nice another failed fund |
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Hello, I am hoping this is okay. I am a newbie. You seem nice and knowledgeable. I liked the education on statistics and the joke made things even more clear. I guess my question is simply: How do I start mining BTC on this solo pool with my GPU rigs which are currently mining on Hive OS? (Note: I was unable to figure out how to start a new post here, so I replied to your post. I apologize if this was inappropriate.) Best blessing to you, and all readers. Again everyone, I apologize if this is inappropriate or breaking community rules. Please do not kick me out. God bless you all. you can indirectly mine on ck solo pool use your gpu rigs to mine eth on the rental service nicehash. I use 1gh of gpu rigs to mine eth on nicehash. nicehash auto verts my earnings to btc I rent 100 th endlessly with those earnings to mine on ck’s pool not his solo polo but the pool he created for minefarmbuy https://pool.laurentiapool.org/#/workif you look I am miner 14….. |
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Ethereum supply = 6 x Bitcoin supply. 1 / 6 = 0.16 Ultimately I feel like Ethereum should be 0.16 of Bitcoin, and potentially a higher ratio because of Ethereum's influence on the crypto space compared to Bitcoin and the fact that it might become deflationary after the Merge. So in my mind Ethereum is undervalued, not overvalued. You have to remember as more ETH staking occurs it provides more stability in a crash. When Ethereum is locked up in staking it reduces panic selling. So forget about old trends. Bitcoin has been losing market share to altcoins in this crash. And one reason for that is staking. https://bitcoinist.com/ethereum-supply-staking-contract-10-milestone/Around 12 Million ETH Is Now In The Ethereum 2.0 Deposit ContractAs pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed further surge recently, taking the metric’s value to 10% of the total supply. In case anyone’s not aware of what “staking” is, it’s best to take a look at the “proof of stake” (PoS) consensus system first. In cryptocurrencies using the PoS framework, network validators (called the stakers) need to lock in a minimum amount of the crypto into a contract (32 ETH in case of Ethereum) to participate in the consensus system. The network then randomly chooses one of the stakers to sign the next transaction (stakers with the higher staked amount have a better chance of being chosen). Almost everything you said is true but pay attention, those locked eth will be unlocked and when once they are mass panic to sell as fast as possible will happen and that is when eth will crash a lot, possible prior the next bullrun, who knows but it will happen, yeah it could be good now because people feel safe those locked eth cant be sold but that is a double edged sword. It's not only eth, exchanges are manipulating everything to avoid a huge crash and that is not good for the market as a whole. It might be good for now but the trust is being broken, long term of what they are doing will be nasty. About those 32 eth, eth scammer dev team came up with this 32 eth to be staked number, know what that means? even eth dev scam team already set eth price to btc and that is 32 eth, that is right, 32 eth = 1 btc, has always been and that is what they are planning to do long term and trying to hold that line but we know as eth supply is infinite and btc is not then will come a time where eth will depeg from those 32 eth = 1 btc and will crash meaning, 33 eth = btc then after a while, 34 eth = 1 btc and so on and that cant be prevented or avoided. What's your source for the 32 ETH = 1 BTC price? That makes no sense at all. Initially they set a number of 500 ETH per validator. That was then lowered to 32 ETH because 500 ETH was too steep. Some people think even 32 ETH per validator is too steep. It had nothing to do with 1 BTC. Of course now many people have been staking in pools with Coinbase, Blockfi and unfortunately Celsius. We'll have to see what happens there. Don't you think staked ETH would be unlocked gradually in case of a sell off? If interest rates rise after the merge why would you un-stake? And why selloff ETH to then incur a capital gains tax? Don't you think ETH stakers are long term investors as opposed to day traders? Here’s why staking 32 ETH isn’t an easy proposition https://eng.ambcrypto.com/eth-2-0-staking-proposition/fall of 2020 the lated is kind of dated |
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Buddy my only warning for today is 22k by tomorrow or face the consequences.
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the evga 3060ti are now 479 new direct from evga.
they unlock to 58-62 mh
buy 2 cards now and see how things are in a month.
I have a code for them 3% off.
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If bugs were giant, like 2+ meters tall. Would we still be squeamish about eating them? Or would we hold them like farm animals?
Lobster’s the size of cadillacs comes to mind.😀 |
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So if you point a rig to it and someone rents your rig you could get lucky and get a high paying renter.
Actually you get paid the average of all the active orders regardless of which one is serving you. link to this please. btw it is more fair method. but still means you can’t fairly clock nicehash with out long time periods with two identical rigs. many times a nut job or a fat fingered fool overpays 2x 3x even 4x the going rate. and they do it with a large rental. so if .8 is close to correct and i do 8.0 with a large amount I can make a huge difference in payouts. so you cant be sure clocking nicehash for how well it pays against other pools. |
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I said 800 to 1100 as I knew it was close but maybe a bit off.
Thanks for correcting me.
I knew when I gave him 8 points he would have 1000 merits and sooner or later get the other activity numbers in.
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Well thanks gents. I’m not exactly a prolific poster, with multiple lengthy absences, so maybe it’ll take me a full ten years to get there!
I read the trigger was somewhere up to 1030 but you're still there so I think I was mislead. strawbs currently has 814 activity. Since he now has passed the merit threshold, his account is predestined to reach Legendary rank at an activity level known only to the administrators. Some vague statements have been made about how this is actually calculated; I forgot what and where years ago, due to apathy. Activity: the Legendary membergroup has no universal activity requirement.
You are guaranteed to become Legendary somewhere between 775 and 1030 activity,
but the exact point in this range at which you become Legendary is random per user.
I think 800 to 1100 for activity picked at random
Whoops. Habit of just hammering “Post” in WO... eh. |
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Well, I didnt ask about the company or how you feel about Cryptotab.
I was hoping someone who read my question might try to answer with
nicehash is x% faster.
I am old and probably graduated comp sci before many here where born.
Again I will benchmark for myself and not bother with this forum.
you can't properly benchmark nicehash you can get an approximate estimate that varies like a mofo. nicehash is a rental service for mining it is not a mining pool. So if you point a rig to it and someone rents your rig you could get lucky and get a high paying renter. Or you may get an average paying renter top renter is paying 1.0048 Order# -- price ------ hash--workers- hashrate 5795c8de - 1.0048--0.0500-395-----0.0524 03b5aa1d-- 1.0047---0.0010-10-------0.0010 b2913e9f-- 1.0046----0.0040--37------0.0044 6de02a7a-- 0.9100---0.0010--4--------0.0010 5fdbaf35--- 0.9000---0.0010--16 ------0.0010 76830842-- 0.8900--0.0010---17------0.0010 a76318eb-- 0.8700--0.0010---13------0.0010 56c11119-- 0.8700--0.0010--11-------0.0010 2c47863c-- 0.8500--0.0010--18-------0.0010 ... 96b20c65--- 0.8011---0.0010---9------0.0012 95efd139--- 0.8000---0.0010---9------0.0010 I did maybe 20 top renters. so how do you clock nicehash against any other pool Very long test time on nicehash and another pool identical rigs. and at least 100 days of testing. when you rent your rig out the renter may stick with your rig from 1 minute to 10 days no longer but up to 10 is possible. So if I do a clock and grab a renter paying top rate for 10 days I could be 10x 1.0048 top rate or maybe 10 days at 0.8000 lower rate. So no short test will tell you how good you do. only a long 90 or 120 day test with 2 identical rigs one on nicehash and one on Cryptotab. So if you decide to do a 90 day test with two identical rigs you could get back to us and let us know. |
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Bla bla Bla
eth mining is dead
eth mining will be dead
I am mining and mining and
mining looks good to me as of today!
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