Bitcoin Forum
October 17, 2024, 04:07:10 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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] 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 ... 2352 »
7861  Alternate cryptocurrencies / Mining (Altcoins) / Re: Heat from mining on: May 21, 2022, 03:31:01 PM
In my country, even in hospitals there is no such equipment, maybe only in private paid clinics.

Well the USA sucks for a ton of reasons. But you can buy a lot of different things here more so than many other countries.

So I can sit in my house and not have to do inhaler medicine to breath.

If I visit a friend that has a few dogs in 5 or 4 hours of being at their house I will need to leave as I start to wheeze.

Been dealing with this from 2 -14 puberty hit and testerone/steriods stopped allergies till 40-45  since then I use the filters. Say 45-65.

I could be worse off so I am not complaining just sharing info on air quality that I have found since the allergies/asthma came back in my forties.

7862  Economy / Speculation / Re: Fiat vs Bitcoin. "bad money drives out good.” on: May 21, 2022, 02:42:57 PM
Is the data for coins that haven't been moved based purely on blockchain data? Because there are flaws in this methodology. For example, a person could move coins between their own wallets, to consolidate their coins, move to a new address format, change their software, etc. Also, what about change? If I have 0.5 BTC, send someone 0.01 BTC - does this methodology count 0.5 BTC as moved, or 0.01?

Anyway, it's no secret that hodling is #1 use case for Bitcoin. However, it's also not practical to use as a currency for most people, so it isn't just about being good or bad money.

well are your examples if true mean that 65% is too low and that 70% is more likely to be true.

If you think about it any rich person. Can easily hold all their btc if it is under 12% of their holdings.

example you have 10,000,000 in wealth and 1,200,000 is btc

holding that 1,200,000 is easy

bigger numbers

50,000,000 in wealth means holding 20% in btc is easy that is 10,000,000
7863  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 266 blocks solved! on: May 21, 2022, 02:30:56 PM
I follow several CKpool miners who have already found a block and the Share it has after finding it is much higher than mine, even mining with 4 S19 the difference is very big, my best Share for example is this: bestever": 290965521514
and the best Share of a miner with only one S19 after the last block is this: bestshare": 8887532326869.654,

You do realize that these numbers are just random right? you could be mining for 10 years and not get 12 digits, you can get 15 digits and hit a block after just 1 day mining with a tiny USB stick, it's all random, my best share is a lot higher than yours despite being further away from the server than you are.

You need to pay attention to the accepted and rejected shares, a high amount of rejected shares means problems, if you are getting little to no rejected shares then you are doing great and it's just a matter of luck.



to josek8


random but with built in likely hoods that can be estimated.

a single 100th machine should earn about 0.00000405 x 100= 0.00040500 in a day

4 100th machines should earn about 0.00000405 x 400 = 0.00162000 in a day

100 th should hit a block in 6.25/0.00040500= 14,000 plus days.
400 th should hit a block in 6.25/0.00001620= 3,500 plus days.

so the longer you run the more likely you get those results.

but due to randomness you may never be able to run long enough to see proper results.

I have seen the network take 2 hours to hit a block that is 12 fold the proper time

so in the 100th example it would mean 480 years vs 40 years time.
in the 400th example it would mean 120 years vs 10 years time.

so your 400th on the bad end take 120 years to catch a block.

on the fast end i have seen the network hit a block in 1 second vs the norm of 600 seconds

so if you are lucky you can hit a block in about six days time with your 400th

so your predicted (by me with in my head math) range of time for your gear to get a block

is six days to 120 years.

one end is great luck
one end is terrible luck

and 10 years is normal luck.

So above are very good but not perfect luck ranges for you.

and within those ranges is good old fashioned randomness.

I hope for the six day number for you not the 120 year number.


Note all math is based on today and it will change when the difficulty changes.
7864  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2022, 01:56:29 PM
That is a whole lot of BTC sales that are hanging over the market.  That along with mtgox funds and ETH2.0
ETH 2.0 is a big danger bomb because it is a big Shitcoin experiment and if it fails it would cause a huge FUD wave again like Terra Luna did. And in case of such event, we really need to teach for everyone A LOT: Bitcoin and Altcoins are completely different tech and should be treated separately.
I tried to educate people because stupid Shitcoiners are still poorly educated:

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 independent, 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


A possible ETH 2.0 crash wouldn't change Fundamentals of Bitcoin but people still need to learn how Bitcoin is 100% independent from Altcoins. It's our only chance how we can prevent Bitcoin's price crashing, when an Altcoin fails again!

nope they will always have linkage due to dare i say it “crypto exchanges”

so my gut is damn are we crashing when mr v makes his move to switch eth from pow to pos.

My regret is I dont have a few 100k in fiat right now to buy btc once the real crash comes.

or not. as JJG will tell you I don’t know much about honey badger.
7865  Alternate cryptocurrencies / Mining (Altcoins) / Re: Heat from mining on: May 21, 2022, 01:51:27 PM
Sorry no sMerit  Cheesy
Thank you kindly.

here is one merit for follow up.

in the case of vocs quality air filters such as I listed can be cleaned up

in the case of co2 fresh air exchange is best.


a lot of what you need to do depends on how much you are exchanging air vs scrubbing air.

I have extra issues allergies and asthma which mean bring in outside air to flush vocs and maintain decent co2 numbers over rides simply bringing in fresh cool air and blowing out hot stale air.

even if I don’t mine I keep house sealed other than right after a solid rainstorm.

A solid rain clears outside air enough that my allergies do not flair up 🆙.

So at times the house stays very sealed for a week. which means I need the air exchanger for decent co2

most people do not have my allergies.

so they allow air into the home.
they exchange air in the mining spot.

my home mining is about 2000-3000-5000 watts depending on winter spring or summer.

the big mine is just cold air in and hot air out. we burn over 150000 watts at the big mine.
7866  Other / Politics & Society / Re: Why Russia isn't using it's full force in Ukraine ? tactically .. on: May 21, 2022, 12:16:43 PM
Die or otherwise go away is also a good option.
A clear case of double standards.

Most people think Russia bad USA good or USA bad Russia good.

Truth is they are both scumbag countries that conspire to hurt regular people in the World.

You can add a lot more countries to that list.

China
England and many more.
7867  Alternate cryptocurrencies / Mining (Altcoins) / Re: Heat from mining on: May 21, 2022, 12:52:41 AM
okay I have this meter

https://www.pce-instruments.com/us/measuring-instruments/test-meters/particle-counter-pce-instruments-air-quality-meter-particle-counter-pce-rcm-11-det_5858738.htm

it does vocs and particles cost about $400


I have this meter

gaslab plus

cm-501 for c02

https://iscsales.com/item/gaslab-plus-carbon-dioxide-co2-handheld-gas-detector-model-cm-501/




I did first get a $200 meter that did most everything.
did not work well and I decided to return it.
I have since found out a quality do it all meter is well over $750
In my research I found you are best off not getting the co2 meter if you have a lot of outside air. I don't and needed to buy the two below






the voc meter is 400 or so

the co2 meter is 350 or so.

Since my wife and I have really bad allergies we have filtered air and closed windows


I found out my voc levels and dust levels are okay. but that co2 was a real problem

we had to buy this
https://www.supplyhouse.com/Fantech-VHR150-VHR-Series-Heat-Recovery-Ventilator-w-Fan-Shutdown-Defrost-6-Top-Ports?

this brings in fresh air and keeps c02 under 600 which works for us.

all in all I spent 600-650 on the meters they are a little more now
I spent 600 on the air exchanger it is more now

and I also have 3  air filters.

https://www.iqair.com/us/room-air-purifiers/gc-multigas? 1000 but now  1200 replacement filters also went up.


but I am a 65 year old life long asthmatic that no longer needs and meds or treatments other than the fortune I spending cleaning my house air.

So you are talking
say meters 750
airexchanger say 750
3 air filters say 3000 and replacement media is 1000 a year, but I am much more in need of clean air than most people.
Not doing any asthma drugs or seeing doctors saves big money here in the USA
Plus when my wife got double pneumonia from covid I am pretty sure the air setup saved her.

At op just buy the voc meter see your vocs. I do not think you need anything else until you see what the vocs read.
7868  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2022, 07:47:06 PM
Bull is getting Ready 😁..
Some finishing Touches are left over

This Bull will be Long lasting most rare and perfect piece ever sceen

https://www.facebook.com/reel/1045685833021189?fs=e&s=cl

Did you do the work? If so it is nice work.
7869  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2022, 04:02:04 PM
You know, now we are seeing Wall Street investors, hedge fund managers, bankers, corporate heads, and even Jim Cramer himself saying the Fed should hike rates more. Even after all this implosion in the stonk market.

Unbelievable. Never in history have the Wall Streeters and banksters called for actually raising rates. Never, ever, ever. They always want cheaper money, not more expensive money. And they don't give a shit about inflation and the main streeters plight.

The ONLY explanation that makes any sense is that they are all now colluding to mega short this market. They want it to crash. They want something to break.

I guess it's the only way to get the Fed to slam interest rates back to 0% and more money printer go brrrr by the trillions $$$.


bolded truth
7870  Economy / Computer hardware / Re: ASIC MINER Prices Drop on: May 20, 2022, 02:30:26 PM
A 14th doge coin miner = super beast or true unicorn 🦄 it simply does not exist.
7871  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2022, 12:06:35 PM
Damn, Chartbuddy hit 5 consecutive posts with a break of 2 WO’s posting & now another 3 in a row.

Definite boring price action right now. We’re in no mans land aren’t we. $30,000 is the new $6,000 from the last bear market?

more or less  yep.
7872  Economy / Computer hardware / Re: ASIC MINER Prices Drop on: May 20, 2022, 12:04:10 PM

direct from their website:


"China 13-14.5TH Dogecoin ASIC Miner Second Hand Bitmain Antminer S9I With PSU
13-14.5TH Dogecoin ASIC Miner Second Hand Bitmain Antminer S9I With PSU

Model:   Antminer S9I
Release:   May 2018
Algorithm:   SHA-256
Get Best Price  Contact Now"



since when does the s9i mine doge coin  using the SHA-256 al-gore-rhythm ? Cheesy Grin
7873  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: May 20, 2022, 02:39:55 AM
Even more good news for Russia:

https://economictimes.indiatimes.com/news/international/business/china-in-talks-with-russia-to-buy-oil-for-strategic-reserves/articleshow/91668799.cms
https://www.aljazeera.com/news/2022/5/19/more-russian-oil-going-east-squeezes-iranian-crude-sales-to-china

China is also stepping up it's purchases of Russian oil and gas. They don't make detailed numbers public (unlike the case with India), so it is very difficult to track how much Russian oil and gas is actually going to China. According to Al Jazeera, Iranian oil exports to China have decreased significantly as the refineries there are now preferring Russian crude. And more importantly, Russian crude is being purchased by China at a discount of around $9 per barrel (which means a price of ~$100 per barrel). At this price, the Russian treasury will earn a tax revenue of at least $20 billion per month.

Looks like Russia will be Chinas bitch before the year is out.

Putin bowing to China’s cash.
7874  Other / Politics & Society / Re: Why Russia isn't using it's full force in Ukraine ? tactically .. on: May 20, 2022, 02:32:46 AM
Putin has done the entire world a great favor.

He has clearly shown us that $ 750,000 dollar tanks are no match for $50,000 remote launched missile setups.

So all countries know that tanks are a waste to build.

Next he has shown us that ships must stay much further from the shore to be safe. $50,000,000 ships can be sunk by $150,000 setups remotely operated.

Lastly he has really helped the gaming industry since the best gamers will be in demand to remotely operate the missles and drones to attack all those out of date techs.

What is also cool 😎 is Putins invasion has shown the entire world that jamming remote device control should be everyones top priority.

I never would have thought the all those tanks were basically a waste of men space and money.

Thanks to Putin we all have learned that tanks are next to worthless. Actually they are a liability to a country and their army .

Now do we want Putin to win do we want Putin to lose do we want Putin to die.

Obviously you can take your pick on that. Some will root for Russia 🇷🇺 some will root for Ukraine 🇺🇦 very few will point out that USA and nato along with Putin and Russia are simply using the Ukraine to jack up oil inflation basically running inflation up 🆙 up ⬆️ and away.

My prediction is this action goes on and on and on and on and on for all of May,June,July,August,Sept, even Oct by then gas will be nuts diesel will be over the moon and the oil barons of the world will be smiling bigly.

So my answer to the op question is Putin/Biden is doing exactly this and will do this for months to come while we all suffer the inflation it causes.

Putin also knows if he streches this out till the fall the USA 🇺🇸 will become more rightwing trumpish which he personally favors of leftwing bidenish.

To us all hope for the world maybe a Putin stroke followed by a Biden heart ♥️ attack.
7875  Bitcoin / Mining / Re: For old miners, consider using nicehash since it has a 2000 sats min. withdrawal on: May 20, 2022, 01:38:24 AM
If you have a coinex.com exchange account

you can mine at viabtc.com and move coin for free to coinex. the minimum is pretty low.
7876  Bitcoin / Bitcoin Discussion / Re: How many BTC is in circulation? on: May 20, 2022, 01:35:27 AM

Anybody know how many BTC from 19 million minted coin is in circulation and trading in almost three hundred exchanges?
You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.

Therefore, it is almost impossible to estimate exactly how much BTC is circulating.

Of the originally conceived 21 million BTC, the world will end up with less than 21 million at its disposal. Also, I assume that over time this figure will decrease, due to future loss of bitcoins.


As far as I heard there are 60 to 63% with hodlers or lost ( anyhow out of the market) and remaining in circulation , it is very important since if hodlers start selling and change their strategy it will change the whole game!
I don't understand the whole question. Any Bitcoin is still in circulation as it can be moved at any time, as long as someone still has the keys required for spending it. 'Hodlers' will eventually sell one day or buy something with their BTC, otherwise why have they bought it in the first place? Coins that haven't been moved for a long time could be moved an instant from now; historic information doesn't indicate what happens next. Satoshi's coins could move at any time, too; any assumptions that they won't are actually wrong unless there is proof he burned them. The only reliable such proof would be if he sent them to a burn address / OP_RETURN, because even someone burning a paper wallet could have backups of the seed or private keys everywhere.

I highlighted this fallacy in bold: only because someone properly handles their Bitcoin and 'withdraws it to cold storage', doesn't mean it's out of the market or out of circulation. That's just good habit and private key management.

Technically you are correct. All minted coins even the first block which is supposedly stuck could be moved with special software adjustments. So no coin is truly lost.
No coin is truly untouchable.

But many coins have not moved for more than 2 years.

The better question might be.
How many coins are frozen since 2009
How many coins are frozen since 2010
How many coins are frozen since 2011
How many coins are frozen since 2012

note first half ing was in 2012 so 10.5 mill coins are older than 2012.

how many have not moved since that time is knowable.
how of them will move is not knowable.

sames for
2013
2014
2015
2016.    this is 5.25 million how many never moved is knowable
how many will move is also not possible to know.

at the 2009-2016 zone we have 15.75 mined do we know the ones that never moved yes.
do we know the stuck ones that will move no.
7877  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: May 19, 2022, 03:53:19 AM
Excellent dig. It was interesting reading their SEC K-1 filings, particularly the higher-than-expected payroll expenses. Rolf Verslusius might have been right after all: the lone wolf miner who has no employees might have an advantage.

Let's pit them against a typical small miner in the U.S. I assumed all capital costs are amortized over 3 years.

  • Warehouse rent + fixed costs: $3500 + $500 = $4k/month
  • Equipment: 300x Bitmain Antminer S19 95T = 1MW load | $8000 x 300 = $2.4m --> $66.7k/month
  • Electricity price: 6¢/kWh all-in x 720,000 kWh = $43.2k/month
  • Equipment repairs: 15%/year net failure rate x $1.8m = $22.5k/month
  • Buildout cost: $200/kW x 1MW = $200k --> $5.6k/month
  • Farm hashrate: 300x 95 Th +5% custom FW = 30,000 Th

  • All expenses: $142k/month
  • Average difficulty in Q1 2022: 26.7T
  • Average BTC earned in Q1 2022: 4.19BTC/month
  • Average cost per BTC (pre-tax): $33,890
  • Average cost per BTC (after-tax, 24%): $25,756

If the power cost is 4¢ instead of 6¢, the cost per BTC is 8-10% cheaper, so $31k pre-tax or $24k after tax. This would make the per-Bitcoin cost of a small miner comparable to MARA or RIOT.

I do think Rolf was onto something when he hypothesized that small miners have many advantages. This doesn't count the flexibility that a smaller operation has to sell/buy equipment, not to mention the ability to do GPU mining.

You left out cooling. 1MW = 3410000 BTU/h need to move and cool a lot of air. Which adds to electric cost. And big air efficient handlers are not cheap.
Once again sticking it in northern states will help that. Putting it in the south may save you money for rent & other things but you will be running the chillers longer and harder.

-Dave

well if he is lucky and can use evaporate coolers it does cut cooling cost a lot.

a bigassfan cooler can do a lot in the right space.


https://www.northerntool.com/shop/tools/product_200874633_200874633?


https://bigassfans.com/evaporative-coolers/cool-space-500/

7878  Alternate cryptocurrencies / Mining (Altcoins) / Re: PoW coins vs Non Pow coins on: May 18, 2022, 08:54:26 PM
POS are basically a junk bond based on imagination. Also most pos have no real regulations.


I rather have a junk bond based on a company.  Ie in 1997 K-Mart issued 13% junk bonds.
Those bonds were honored basically because a real company with real regulations existed.
Also in the 1990's the biggest seller of guns in the USA was K-mart.

Honestly the biggest pos = USDT ,USDC ,BNB, XRP, BUSD

they are 3,4,5,6,7 and add to 74+52+47+20+18= 211bill

BTC+ETH add to 553+236=789 bill

so pow is winning 789 to 211

if eth switches

it turns to

553 to 447 pow to pos. top 7 coins

I see a fundamental alteration  if this happens and I think it means a crash for eth maybe the greatest crash ever.
7879  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2022, 01:41:14 PM
At a glance I do not see much about the following here... my apologies if it has been already discussed.



This is a shot of central bankers and finance ministers from 40+ countries that Nayib Bukele invited to El Salvador for a conference on using Bitcoin as a nation.

The list of countries reads like a whos who of the folks that would be targeted by the IMF et al with their loans etc.  These folks are looking to get off the plantation and they are doing so en masse.

Banco Central de São Tomé e Príncipe
Banco Central del Paraguay
Banco Nacional de Angola
Bank of Ghana
Bank of Namibia
Bank of Uganda
Banque Centrale de la République de Guinée
Banque Centrale de Madagascar
Banque de la République d'Haiti
Banque de la République du Burundi
Central Bank of Eswatini
Ministry of Finance of Eswatini
Central Bank of Jordan
Central Bank of The Gambia
Comisión Nacional de Bancos y Seguros de Honduras
Direction Générale du Trésor, Ministère des Finances et du Budget, Madagascar
Maldives Monetary Authority
National Bank of Rwanda
Nepal Rastra Bank
Sacco Societies Regulatory Authority (SASRA) Kenya
State Bank of Pakistan
Superintendencia General de Entidades Financieras de Costa Rica
Superintendencia de la Economía Popular y Solidaria de Ecuador
Banco Central de El Salvador
Central Bank of Egypt
Central Bank of Jordan
Central Bank of Nigeria
Ministère de l'Economie, des Finances et du Plan du Sénégal
Superintendencia de Bancos de la República Dominicana
Banque Centrale de Mauritanie
Banque Centrale du Congo
Central Bank of Armenia
Bangladesh Bank
Banco de Moçambique
Bank Al-Maghrib (Morocco)
Bank of Sierra Leone
Bank of Zambia
Central Bank of Lesotho
Central Bank of Liberia
Central Bank of Sudan
Financial Regulatory Commission of Mongolia
Ministry of Finance, Zambia
Palestine Monetary Authority
Reserve Bank of Malawi

They did this quietly, and it has not been covered much by mainstream western news.

Probably nothing, right?

This is a very informative post thank you.
7880  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2022, 03:52:15 AM
Quote from: philipma1957 link=topic

clitoria ternatea is a good looking flower for sure.



must be tasty too

I thought if we surround buddy with clitorias he would pop a nice green dildo.
Pages: « 1 ... 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] 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 ... 2352 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!