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81  Economy / Gambling discussion / Re: Is gambling bad to the society? on: June 17, 2024, 09:20:37 AM
I have seen people hate gamblers mostly from rural based people. Village and city cultures are different. Most of the people in the village are simple and want to earn money in a simple way by working hard. So they don't want to prioritize gambling and not even gamblers.

I also think that gambling is a bad thing because people are more likely to be harmed by it. People should avoid the temptation to earn money from gambling and focus on earning money by working hard or doing jobs. People may become addicted to gambling by sitting idly and hoping for more greed. Gambling addicts become a bane to the family for which they are hated by every member of the family. If we gamble then it would be reasonable for us to play it for fun and not as an addiction.

Yeah, I guess they hate gamblers because they already know someone they care about that has been damaged by gambling.

So, they want to keep that thing away from them and their loved ones.

You get a similar reaction to alcohol sometimes as well, if they have experienced something bad with it in the family, or friends, etc.
82  Bitcoin / Electrum / Any good alternative to Electrum Personal Server? on: June 16, 2024, 03:54:47 PM
Electrum Personal Server is a great lightweight electrum server, but it seems like the project is not going to be maintained any further as there hasn't been any new releases since June 2022, and at the end of that year the main maintainer, Chris Belcher, mentioned he was having some health issues:

Hey everyone, thanks for your concern.
Unfortunately I'm dealing with some health issues and haven't been working since July.
I haven't been following any bitcoin news. I don't know anything about this Toronto developer, I just learned about it reading this thread now. Certainly no three letter agency has said anything to me (yet?). Even if that happened, joinmarket is decentralized and still works even if I'm not around (I haven't actually checked joinmarket but there's no reason it shouldn't be working right now).

The current version of the software works, but you need to update the certificate as it expired on March 2023. Here is the current workaround, which is to generate your own self-signed certificate: https://github.com/chris-belcher/electrum-personal-server/issues/286#issuecomment-1465354568

I wonder if there is any similar project that is actively maintained.
83  Bitcoin / Bitcoin Discussion / Re: What are the benefits of accepting Bitcoin as a method of payment. on: June 16, 2024, 03:18:54 PM
Lower Fees.

As mentioned before the fees are much cheaper than Western Unions.

When you receive Bitcoin your fees are actually zero. The sender pays the fees.

So, the benefit of accepting Bitcoin as a method of payment is basically having no merchant fees at all. Quite nice.
84  Bitcoin / Mining / Re: Is bitcoin mining just completely not profitable for retail? on: June 16, 2024, 03:13:21 PM
Bitmain Antminer KS5 Pro. The state of the art mining rig today, pumps out 21TH of hashrate. You can buy one to receive this month for 30k, or wait until august and get it for a cheap 11k$.

21TH, will make you 1$/day.

That's 27 years for ROI (obviously not because of difficulty and price changes, but let's assume.)

Say you buy 20 of these bad boys.

This is going to set you back 220,000$. For a hashrate of 420 THs.

It will take you 500 days, to be able to accumulate 11k, to add one more miner to your farm.

Remember I am completely disregarding any electricity costs here, just to realize how absurd it all is.

Is there any conceivable scenario, where buying a bitcoin miner today, is more financially profitable than just buying bitcoin?

I think from Genesis it was more expensive to buy a miner and mine bitcoin compared to simply buy bitcoin.

Even when you could cpu mine bitcoin, you still need to buy the pc, and even assuming the hardware was free, the electricity was higher than the price, which was $0 for a couple of years or so.

I think the benefits of mining are simply that someone will do it, so might as well be you. But you have to be able to do this for the long term, otherwise you won't be able to survive and pay the bills today.

Also, you can see this as a lottery ticket as well, for solo mining. Much cheaper than paying multiple lotto tickets.
85  Bitcoin / Hardware / Re: The bitaxeHex: Open source Bitcoin miner based on six BM1366 ASICs on: June 16, 2024, 02:00:18 PM
It looks quite nice:



I am so happy to see the original Bitaxe growing into such a great hasher....

This is the bitaxeUltra



Having an Open Source miner from software to hardware is fantastic. I never expected it to become actually a bit competitive with the current closed sourced ones, well done!

This bitaxeHex version seems to be the best one out there of the newer version of the original Bitaxe. It seems to have picked the interest of many tinkerers around the world by being open source.

86  Bitcoin / Mining / Re: Bitcoin mining on a laptop in 2024 on: June 16, 2024, 01:46:50 PM
please tell me, is it now possible to mine satoshi using a laptop?

Using the CPU or GPU of a laptop?, no.

But you can buy an ASIC miner that can connect to your laptop, like the Compac A1



You can then run cgminer in your laptop and you will be getting sats.
87  Bitcoin / Bitcoin Discussion / Why can't other pools do the same as solo.ckpool to not mine empty blocks? on: June 16, 2024, 01:36:43 PM
While checking out solo mining on Ocean XYZ, I noticed they mined empty blocks from time to time, like this one: https://mempool.space/block/842828



I then checked for other blocks and realized that this seems to happen to pretty much all the pools, as you can see by ordering the latest blocks by transaction number. All these are empty blocks, mined by different pools: "https://blockchair.com/bitcoin/blocks?s=transaction_count(asc)"



When you go to the solo ckpool website, it states:

Unlike regular pools, ckpool never mines transaction-free blocks due to its ultra-scalable code which has miners on both new blocks and transactions concurrently.

And it seems that in fact ckpool hasn't mined empty blocks.

My question is, how is it possible that this small pool run by one person, Con Kolivas, can manage to write code so that the miners never get an empty block but massive companies like Binance and others still produce empty blocks?

Is there something fundamentally different in how solo ckpool is run that cannot be replicated in these other pools?
88  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: June 14, 2024, 01:30:49 PM
As far as I am concerned, the act of gambling carries serious repercussions and a person who hopes to win more and sinks into losses, should not expect more from the gambling platform. Many people lose money at online casinos because they do not follow a systematic approach while playing at the casino. Gamblers will run into bad situations as users chase losses and lose money as they start playing larger amounts to recoup the losses.

Yeah, at the end of the day the casinos are designed to earn all the money from the gamblers, specially in the long term.

It is such an incredible business if you think about it. People from all around the world travel there to the casino, put their money into their tables, and leave.

They literally go and throw their money into their tables, it's amazing if you think about it.

And they keep coming back to pay more money!
89  Economy / Gambling discussion / Re: Have you achieved anything from gambling on: June 14, 2024, 01:28:44 PM
I wonder why people come out to say they haven't achieved anything from gambling,and they still go on to play games.How can you know that something is not good for you,and you still go on to continue that stuff,is that not foolishness?.So many people are aware that gambling will only wreck their life's rather than add something  reasonable to it.But I can still say that gambling needs understanding because most people who are winning on a daily still put head together and are able to get the ones that would not dissappoint them,and fear giving it out, because there is no sure game anywhere.

I guess it needs a bit of clarification...

You can of course achieve entertainment and things like that, but in terms of the money made, well, that's a different story.

You will most probably lose money by gambling, so there's not much you can do with that kind of stuff...
90  Economy / Gambling discussion / Re: Is gambling bad to the society? on: June 14, 2024, 01:27:08 PM
~snip~
Well, when someone loses and finances become tighter than ever, ideas of appropriation and theft occur and of course, that will affect society and we can also consider that gambling has played a part in this outcome but don't forget that this is only the result of losers, without these losers, other normal people would sometimes also become thieves or robbers because of the financial regime. On the other hand, winners and profiters still cultivate benefits for this society, more money will be applied to higher taxes as well as more spending and that is also an opportunity for many business people, gambling destroys but also regenerates society

True, but also remember that gamblers are also a part of society, so whatever happens to them is also a negative to society.

In an ideal world you would want to have balanced gambling with people enjoying their time, but in reality we are far from that, and that is OK.

Everyone has the opportunity to stop whenever they want to. That's something that will also benefit society in general.
91  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: June 14, 2024, 12:34:00 PM
I believe in gambling, no one is entitled to risk more whether rich or poor but because most persons find themselves in bad condition and also the world we are into now they believe that or they see the poor as people that are not suppose to partake in anything and to an extent they are not that recognize in some certain things. Being rich doesn't mean one should risk more or being poor doesn't mean one should risk less perhaps whatsoever one feel is good to risk he or she should go ahead whether rich or poor we are all human being.

True, a poor person might be able to control themselves and not gamble all their money, whereas a rich person could go all in and lose it all in a single night.

There is always the possibility that a person can end up with nothing, independent of how much they started with.

At the same time, there is always the possibility to simply enjoy a nice time in the casino with a set amount of money.
92  Economy / Gambling discussion / Re: The real winning of gambling is withdrawals on: June 14, 2024, 12:23:04 PM
This is exactly what the casino is counting on, as the OP correctly states. The longer the moment of withdrawing money passes, the stronger a person’s greed and desire to win even more will work. Unfortunately, such thoughts often lead to a complete loss of all winnings. Therefore, you should not hesitate to withdraw your winnings; moreover, acquire something different from your gaming preferences to understand that you won and did not use the money again to play.

Yeah, that's what the casinos want, as you say. It is by design, to have gamblers wanting to bet just one more time, until they run out of money.

It's a classical thing, seen in all kinds of addiction, like alcohol for example, just one beer, until you don't have more money or more liver to continue.

The thing with casinos though is that you can lose a lot of money very fast, in a single night you can lose all your money.
93  Economy / Gambling discussion / Re: The real winning of gambling is withdrawals on: June 13, 2024, 08:10:42 AM
More precisely, real victory in gambling is not about how big a win we achieve, but how capable we are of controlling the gambling activity itself.

Everyone who has been involved in gambling for a long time has certainly had their luck and achieved some big wins, but these wins are in vain when we are unable to control the gambling. What we get is lost for nothing in the next gambling session.


Making a withdrawal of the winnings achieved and withdrawing for a moment from gambling activities is the first step to safeguarding what we have earned. For the next step, don't deposit the money from the winning rice in your account or in your digital wallet, it would be wiser if you invest the money, spend it or lend it to people you trust.

Yeah, it is hard to actually quit when you win big, because our brains evolved to continue things that are working, and winning clearly is one of them.

Now, the thing is that the casinos have all of this figured out, and they trick your brain to try to keep you gambling as much as they can.

At the end of the day, most gamblers will have spent more than what they won. And that's by design.
94  Economy / Gambling discussion / Re: Have you achieved anything from gambling on: June 13, 2024, 08:08:28 AM
Hello pals , this might Sound Crazy And funny But there are some meanings To It when looked At critically ,I Was having some chats with My colleaques in the Office And I told them that I am waiting for the right Time to stake my bets online and one of them opted that he hates gambling and that he has never achieved anything from the money he makes while gambling , and that he either Drinks with The money or goes to club with his girl Friend and many more unfortunate reasons .

Still on the matter another colleaque of mine backed him up saying that since he started gambling that he has never achieved anything tangible from gambling and that he feels that something mysterious is associated with the money he makes from gambling.

Lastly , i Dont know If you have achieved anything from gambling or you have same perception like my colleaques But for me i have achieved something reasonable and tangible from gambling , So please friends let me see your opinions on this .

I would say no, because you end up with less money overall. That's the expected result, the most probable one.

So, most people end up with less money after gambling, in the long run. Sure, sometimes you might win here and there, but combining with all the loses, you are behind.

Hard to get something with negative money  Grin
95  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: June 13, 2024, 08:05:09 AM
A lot of controversy is ongoing after Qatar won the world cup qualifying match against India by a margin of 2-1. India were leading by 1-0, after Lallianzuala Chhangte scored a goal in 37th minute. However Qatar equalized in 73rd minute. As per replays, it was clear that the ball has gone out of play, but the referee awarded the goal to Qatar. And then Ahmed Al-Rawi scored another goal for Qatar to put them ahead by a margin of 2-1. If India had drawn this match, then they could have qualified for the next stage.

Yeah, that's the thing, VAR is great and all but at the end of the day the referee has the last call.

It might seem that the ball entered, or not, but the referee is actually in the field and probably has a better idea of what happened.

But yeah, it can be controversial, because if it was clearly out (or in) then why even consider the referee's call...

I like that the referee has the last call though...
96  Economy / Gambling discussion / Re: Is gambling bad to the society? on: June 13, 2024, 08:00:40 AM
What about alcohol? Is it bad for society? Then what about number of families it has helped to build? Cheesy (ok, as well as to break) In the situation with gambling it depends on how we look on it. If we consider it as a money losing activity, then it is definitely bad. But if we consider it as entertainment, then why not? However, I think we will never have a clear understanding if it is bad or good for society. One just can not exist without other nowadays. It is taxes, working places, money turnover. All that is healthy for society. Imho, I would say that it is good. Your might never gamble, but with taxes from gambling police, doctors and firefighters get their salary, you get your road fixed with money from taxes and etc. But why it might be bad? Because someone has lost all of his money, imho that is not a society problem, but a problem of an individual.

Yeah, as with everything in life, gambling should be done in moderation.

It's the same with the example of alcohol you mentioned. Moderation is key, if you drink too much you can end up in a bad place.

Same with gambling, if you lose all your money then it's not fun any more.
97  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: June 13, 2024, 07:58:07 AM
They isn't any way they woudl lose money all the time but just been addicted can increase that chance if them losing money all the time cause they would gamble when their emotionally unstable and that alone can increase their chances of loses, they would always chase loses and lose even more, so its bad to be addicted in general.

Yeah, addiction is not a nice thing and it can create a lot of problems for the person.

Gamblers all around the world continue to have fun though, so it is possible to control it. But it can be hard for some.

It is similar to alcohol, and other drugs, it can be fun once in a while, but if it gets out of control it can be very bad.
98  Other / Off-topic / Re: Gambling is a fatal mistake on: June 11, 2024, 10:43:42 AM
Driving is a fatal mistake, there are many risks on the street, you could clash and die, instead use your foot.

Walking is a fatal mistake, someone might throw you acid on your face and it could make you blind, so avoid going outside.

Avoiding going outside is a fatal mistake, you will not able to become rich because you will lost many opportunities.

If you always see something in bad, anything you see is the bad thing instead of trying to minimize the risk of bad thing may occur and maximize the good thing.

Yes, the reality is that everything in life has the potential of good and evil.

You can even die from drinking too much water.

The key is balance. You need to be able to know when something is too much, or too little, and adjust accordingly.

It's more of an art than science, because you are the only person that knows how you feel inside.
99  Economy / Gambling discussion / Re: Is gambling bad to the society? on: June 11, 2024, 10:38:41 AM
In general, we can agree that gambling can be potentially dangerous. This is why a gambler must adhere to responsible behavior. But if we look around, we see a huge number of things that can potentially harm us. For example, almost all cutting and stabbing tools, such as knives, jigsaws, circular saws, and axes, are all potentially dangerous. Everything related to fire, gas and electricity is also dangerous. But does this mean that these things should be prohibited? I could also tell you about pharmaceuticals. Every medicine has many side effects. For example, drugs that slow the heart's rhythm can cause cardiac arrest. But nevertheless, it does not occur to anyone to prohibit it. I think it's the same story with gambling.

As you say, everything in life can be fatal, even water if you drink it too much.

So, at the end of the day, all that matters is that you have a balanced approach to life. Not doing too much of something allows you to live a better life in other areas.

Having too much of something is usually bad, so each person must think about what's best for them.
100  Economy / Gambling discussion / Re: The madness of gambling addicts. on: June 11, 2024, 10:00:34 AM
~snip~
Everyone should understand the serious disease in gambling, namely gambling addiction, so never underestimate gambling addiction, sometimes people who have been affected by this disease are very difficult to cure because I see a lot of gambling addicts around where I live, where they don't only lost a lot of money and property but also their family who left them in a bad condition, not all their families help gambling addicts to recover as people think, there are only people who are lucky to have caring families who want to help cure their addiction.

Sometimes every addict has unreasonable reasons for always chasing and recovering their losses, even though when they win big and all their losses have been recovered, they never stop gambling and continue playing until finally their winnings run out again, that's why it's something that has become a habit. and being attached to yourself is quite difficult to get rid of, the only way is to try to cure it from yourself because it is not easy to cure addiction without an inner intention to heal. The point is that as experienced gamblers we are obliged to remind novice gamblers to avoid this disease.

I am not sure if gambling addiction is a disease, in the same way that alcohol addiction and other addictions are not a disease, they are behavioral patterns.

There's no "cure" to an addiction, you just have to behave in a different way.

This is different to, say, a virus inside your body, which can effectively be killed or removed, and therefore you are cured from that disease.

To me those are different things.
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