Ok that I understand, but can't they just buy BTC instead? Or is it because they need to borrow money and need to have a collateral of physical goods like mining gears?

In other words, your money or not, don't you always want to invest in what makes you more profit?

While I agree with the first part and don't think it's appropriate to insult anyone online or elsewhere, I believe the second part is overlooked.

When it comes to accusing someone of scam or of "being a persona that is risky to deal with", given the damage that one can cause to the accused member - the only thing that matters is how many times you get things WRONG, the number of cases you get right becomes less and less irrelevant, just like when a court judge or a neurosurgeon get it 99 right and then fail on the 100th time, it wipes out all those good shots.

Looking at Timelord or the other members who have accused hundreds of members, I can see the good intention they are based on, I am not saying they are bad or untrustworthy members, I just think they have no idea about the amount of damage they cause to innocent people along the way of pursuing the actual "bad guys".

I personally rather have 100 scammers walking around the forum than be unjust to one single honest member who contributes to the forum.

I usually don't join these DT-related discussions and I left DT1 willingly because I think this DT drama takes too much time and effort and keeps me from focusing on the more important things this forum has, I only came here because my name was mentioned and I got the notification when I read the topic, it reminded of something that happened to me a while back.

I hired a forum member to work on one of the projects for me, and he asked me to send the monthly payment to his BTC address on his profile, I did just that for the first month, and then I remembered all forum warriors who might accuse us of being alts, I asked him to send me a different address for the future payments and explained to him why, all this while knowing fair well that I and the member I hired would have many trusted members come to our defense and it would be impossible to have a solid proof that we are related in any way or shape, but the drama, the headache, and the hours wasted having to defend yourself just because someone thought they "found a solid proof".

I could only imagine what the other members who don't have anyone to defend them must be feeling when doing anything on the forum, the paranoia and endless fear of being wrongly accused and having their reputation ruined for nothing.

Such accusations require solid proof, and I believe everyone agrees on that, the problem however, we can't define what solid proof is, Timelord in his accusation against HedgeFX (which I just got to know about from this topic) was based on both users using an exchange wallet, I am not sure how strong of an evidence he thinks that was, and it's up to him to think whatever, but it just shows that we can never agree on the set of rules in regards to what makes a proof valid.

Now the real question is, what has the forum achieved by connecting all those alts (both right and wrong connections), and how much damage was caused? how many real scams did we prevent vs how many great members left because they couldn't stand the fact that some members have nothing better to do than follow their every post and transaction in an attempt to find or invent some proof to destroy their reputation?

Looking at someone like sandy-is-fine who has been actively fighting scam for years without getting any attention or posting a new topic/post for everything he finds, fighting scammers in their homeland sections, causing little to no damage to innocent users, using the least server resources, not having to post dozen of new topics connecting two newbie accounts that were created 2 hours ago and pose no risk to the community, I think that is a great example of how "protecting the forum" should be, not accusing two members of being alts because they made the same typo a year ago.


  

It's nearly impossible to achieve, 1KW of electricity load creates 3412BTU/h, the power required by a decent AC to product 3412BTU/h is 0.33KW, in other words, 1/3 of your power capacity will need to go to AC (you still need to count the room BTU, lights, and what not) but safe to say 33% of your power.

Phil's set up is 192KW which means 63kw worth of cooling needs to be there, so 9-10 pcs of the AC unit he has right now, the cost of running those 10 Aircons or otherwise the lost opportunity of running other gears makes relying on AC only a very terrible idea.

Your second proposal of water chiller is more reasonable, the ratio between cooling and power consumption is a lot better, however, it has a few issues.

1- Can't be done in places where humidity is high
2- Needs a good supply of water
3- Needs a ALOT of intake space

pretty hard to have all of those 3 in one place, so the best option there is, is to force airflow in and out of the farm, ideally, if you had an infinite supply of air flow, your miner temperature will be the exact same as the outside air temp, but that isn't possible, so just increase the airflow as much as possible with every way possible.

Now depending on your climate, it really makes no sense to spend so much on cooling taking into consideration the one single month where temps go above a certain degree, for my case, usually around July-Aug, we have days where temps can go above 50 degrees Celsius, 40c is normal, 30-35 is about average, it would be unwise to spend that much money just to be able to mine at full speed for 1/12 of the year, when the farm becomes extremely hot, I can just underclock my gears, drop my total heat generation by about 30% and then mining at 50c becomes as mining at 35c.

I see a lot of folks who spend TOO much to optimize cooling for a short period of time, I think most of them failed to run the math, the ROI on that is just terrible, my advice is to have enough cooling for the average warm days which would probably make up 70-80% of the year including the cold days, and for that remaining 20-30% just underclock your gears.

They got the printing machine at home, nothing beats that.



Cheap electricity will depend on a few factors, geopolitical status, how cold the next winter, and the economy of the U.S and EU, those large U.S miners have "cheaper" elecitity almost guaranteed, but it's only a matter of time before they have nobody else left to compete with them and they will start competing against one another, now the electrcity game is easy to play, you and your friends pay 2-4 cents, the rest of the world pay 6-10 cents, you can just keep adding gears knowing for sure that those other guys will have to shrink while you expand.

Eventually, when you kick all of those 6-10 cents folks, the rules of the game change, you now pay the average cost just like most others, it's no longer an easy game, and then you got the halving, those S19 XPs won't ROI in their BTC domination until probably 2025-2026, you will need everything to stay the same for things to work out, next year is going to be fun to watch.

Price list update 04/06/2023

Stock:

M30S++104TH  13U/TH
M50S 128TH 26W 19.7U/TH
M50 112TH 29W    14.7U/TH
M50 120TH 28W    15.6U/TH
M53  260TH29W   Sold out

Oct pre-order MOQ 30 pcs

M50S++  160th 21W  25.4U/TH

Indeed Phil, the rules have changed, different players, different times, many people including myself underestimated the mining power location shift, it's obvious that Chinese money and U.S money don't play by the same rules,  the former seemed to be a lot more conservative, when the Chinese controlled the game you would see hashrate drop or at least slow down drastically at times like these, it's like things made some sense back then and they no longer do.

Not saying one part of the world is better/worse, but looks like the U.S players have a lot more cash they can't put elsewhere, they see things that the Chinese couldn't see, or, they just don't know what the hell they are doing, the last is the least likely, but I am still positive that some large U.S miners will be rekt by next year.

Why are you using 127.0.0.1 as your URL, this will redirect the miner to itself, you need to use the IP address of the machine that hosts your node, you also need to check if port 3333 is the correct port set on your miner software.

Is this for experimental purposes? because it would be a terrible idea if you are doing this as a business or even as a hobby.

نسئل الله ان يرزقك من حيث لاتحتسب اخي يحى فأنت شخص طيب تستحق كل خير.


نعم اخي, نحن نعول على هدا الاختلاف ونتمنى ولادة عالم متعدد الاقطاب لايكون فيه الحكم لقطب واحد وهدا سيكون امر جيد للبتكوين حيث ستحاول تلك الاقطاب والدول المختلفة المنافسة على حيازة اكبر قدر من البتكوين بدلا من حظره او محاولة افساد النظام المالي للبتكوين باي طريقة.

I know you had a specific question to be answered, but I can not help but tell you more than what you want to hear because this is like someone asking " I bought a new plastic table, how can I put a truck engine on it ", the simple answer is to lift that engine and drop it on the table, but then It would be a terrible advice.

That gear you bought is useless, it does not matter what pool you use, your power rate doesn't make that much of a difference either.

Sorry.

It was a 3.39% increase, i am still amazed by the ability of these large guys to keep adding tens of thousands of gears ( probably the last generations) while BTC price is not helping and the halving is around the corner,  i doubt this would have happen if the main mining hub was in China like it was the previous halving, the U.S large players seem to have a ton of cash they want to use ( probably not thiers anyway)

It's added to mempools because it's a valid transaction, and 1 sat still = money as miners as concerned, so they keep you in the queue until they are done with the higher fees, unless there queue is full, then they will kick you out.


Use a proper wallet to solve this issue, many wallets are terrible in estimation fees by either underpaying or overpaying, I have yet to see a wallet that does that perfectly every single time, I don't transact much so I can't give any reviews of what wallet is best in the "auto-estimation" part, I know exchanges will over charge you to be on the safe side, but wallets, I would just use one of the mempools like https://jochen-hoenicke.de/ or https://mempool.space/ to see what is everyone is currently paying, how many transactions are paying x and decide my own fees accordingly.

There can't be a standard sat/Vbyte forever, it all depends on what people are paying now if there are only 3k transactions paying 100 sat/Vbyte, and then the rest are all paying 10 sat/Vbyte, it would be plain stupid to pay 100 sat, those would clear in 1-2 blocks and then the 10 sat/Vbyte will go through, all this calculations and estimation need to be done manually or by trusting that your wallet is doing it right (not making you pay way more than you could get away with and not risking your transaction to be stuck for days).

It's almost impossible to guarantee a transaction to be confirmed in the next block or two since people can outbid you, which is why using RBF is a must just in case shit hits the ceilling.

يبدو ان الاخ يحى لديه محفظة ثقيلة جدا ومن حقه الخوف عليها.

اعتقد ان مخاوف يحى مشروعة ومنطقية, معرفة نقاط ضعف اي نظام مهمة جدا لتحيد اي مخاطر محتملة, فتوقع الكوارث افضل بكثير من تجنب التفكير بها لانه عندما تحدث لن يكون لديك اي الية للتعامل معها, لذلك سيناريو حظر شامل من بعض الحكومات الرئيسية حول العام يجب ان يكون مطروح دائما.


نحن نعول على جزئين من محبي البتكوين, الجزء الاول الذي يعيش في دول ديموقراطية يمكنهم من خلال حقوقهم كمواطنين الضغط على السلطات التشريعية التي هم انتخبوها من الاساس في حال البدء في اي شراء عدواني على البتكوين.

الجزء الاخر من الناس هما الذين يعيشون في الدول الغير منظمة والتي تكون فها الحكومة ليست ديموقراطية ولكنها متهالكة وتفتقر للاليات الازمة لتنفيد اي حظر الكتروني, طبعا الكارتة هي الدول التي يحكمها رجل واحد او عائلة واحدة ولديها قبضة امنية قوية (معظم الدول العربية على سبيل المثال), فشعوب هده الدول لايمكن ان نعول عليهم ابدا.

The fee estimation is rather accurate tho, and lower than what it tells you is probably going to be purged, when the average fee is 100 sat/Vbyte and someone broadcast a transaction of 1 sat/Vbyte, why should I keep that on my disk, to begin with? I have limited capacity and computation power, I need my mempool to be as small as possible, filled with the highest bidders, you send me a 1 sat/Vbyte I will get rid of it right away, so will do the others, this way, your wallet might be showing pending confirmation where in reality none of the miners sees it, it's stuck forever.


I want to clear up some terrible misunderstanding here, the ETA and STATIC only exist on your wallet UI, in fact, most wallets don't even use those terms, but whatever, miners don't see that, they don't know what wallet you used, they also happen to not care about all that.

Every miner has his own mempool (another general misunderstanding by the majority of people thinking there is some called THE mempool), as a miner, how do I fill my mempool? people broadcast their transactions from all different locations, wallets, and exchanges, now let's assume you use Electrum wallet, and your wallet is connected to a node, when you create the transaction, and sign it, the wallet will tell the node about your transaction, the wallet node will tell the nodes nearby, the node nearby will tell the next wallet, so you broadcast a transaction from Calrofina, my node (as a miner) is in Singapore, it eventually arrives to my node, I then have to check it against the current transactions in my mempool which can only have store 10 transactions, but the block is limited to 2 transactions for an example:

now despite the fact that it's my own mempool and I fill it how I like, it's probably identical to 99.99% of the other mempools that are owned by other miners, not because we know each other, but because it's only logical to do the thing that gets you the most money.

So now, comes your transaction paying 1 sat, given that my mempool is full, I won't even store yours, I still have 10 pending transactions that need 10 more blocks before I run out of transactions, your transaction which I don't know where it came from or how it got it's 1 sat fees, is just useless as far as am concerned.

Ok if I could store 1000 transactions, I will do this


but then a new transaction is broadcasted paying 11 sats per Vbyte, what will I do? I will delete yours if I have no space left, bring the priority of every transaction 1 bit higher, and put that 11 sat on top.


All of this happens without knowing what wallet or settings were used, I just know how much every transaction is going to pay, and that's all that matters as a miner.

Alas, BTC folks put themselves in big trouble when they compare how much other industries consume to BTC, if that's your only excuse, what happens next if it's no longer valid?

My argument is simple, it has been the same long before I became a miner and will remain the same regardless of my own interest of being a BTC miner or not, first thing first, the whole "green" energy is just one big scam, you don't save the world by extracting cobalt, carbon, a metal oxide, and lithium just to make a car battery using the dirtiest ways possible, killing a few dozen thousen African kids in the process, send that to a Chinese manufacturer that runs on coal and forces Uyghurs kids to work there for free, take the battery to shove it in a car to bring the total emission of that car to sometimes even higher than gasoline conventional cars, drive it to your mansion to take a yacht tour right before your next flight then think that you are saving the world just because you don't open the gas tank of your car.

Plain stupid as far as I am concerned, so now that green b.s out of the way, let's talk "economy".

Demand for energy is great for the economy, show me one economy that prospered without increasing demand for energy, or a country that has reduced its power consumption by a large portion without shrinking its economy and I will change my mind.

That's not accurate, you can't pick 2 weeks out of 14 years and use that in any meaningful way for future business plans, there is no way he could "EASILY" get a 2:1 ratio, it only happens once in a blue a moon, making it far from "easily" doable.

The average fee % of block is nowhere above 2-3% counting from the first block mined up to the last one found while I type, take the previous 12 months prior to the BRC20 fomo for example, the highest daily average was the 9th of March 2023 with 5% average block fees, aside from that the standard is actually below 2-3%, yes, you would very rarely see some outliers here and there like what happened on the 8th of this month when fees were 42%, but even if you were to add those to the equation you will hardly get a ratio of 1.05:1, not even 1.1:1 , let alone 2:1.

IMO, It's very unlogical to assume that you will get anything more than the block subsidy reward itself, counting even 1% fees is risky, there is precisely nothing guaranteed in the mining reward aside from the block subsidy, it's safer to assume that it's all you will ever get.

Of course, we don't know the future, we could get to a point where fees go up and stay up forever, but that didn't happen for 14 years, and we have no idea when that is going to happen (if ever), so any calculation to roughly estimate future rewards should be based on block reward, halving, and difficulty, the fee rewards will hardly cover the pool's fees as it stands right now.

نعم نظريا هدا ممكن جدا، لو فرضت الحكومات قوانين جديدة تقتضي ان لا يقوم اي شخص باستعمال الكود الذي يخالف رغباتها وكانت العقوبة السجن او الاعدام عندها وبدون شك سوف يكون على الاغلبية اتباع الاوامر او التمرد ضد الحكومات لاقالتها.

عمليا الموضوع صعب التطبيق لانه لن تتفق عليه جميع حكومات العالم، بعض الدول لا تمتلك الامكانيات لمراقبة وتطبيق تلك القوانين وغيرها من الاسباب

اولا لاداعي للاعتذار فانا احب مشاركة علمي المتواضع والمحدود معكم في هدا المنتدى.

اما بخصوص سؤالك فسوف اجيبك من الناحية الثقنية وليس النظرية كما اجاب اوفين (رغم ان اجابته صحيحة من الجانب النظري).

الجانب العملي او الثقني يقتضي عليك فهم ماهي البتكوين اصلا! البتكوين عبارة عن كود برمجي وقاعدة بيانات فقط لا غير, لذلك لا يوجد مكان اصلا لحفظ تلك الخطوط الحمراء, تخيل معي ان البتكوين عبارة عن سطور بسيطة من الاكواد كالاتي:



حرفيا هده هي البتكوين في ابسط صورها, الان ناخد هدا الكود واحتفظ منه بنسخة في حاسوبي, وانت تاخده في حسابوك, وافين يفعل ذلك, وغيرنا من الاعضاء, كيف يمكن ان تمنعني من تغير هدا الجزء مثلا


ليصبح


ليس لديك اي طريقة لمنعي, يمكنني ان اغير اي شي في الكود لانه موجود على جهازي الخاص, مايكنك فعله انت وافين ان تتجاهلو كودي وتعتبروه مخالف لكودكم ولا تتواصلو معي  ابدا , وهنا تحدث هارد فورك, والفائز منا هوا من يستطيع جدب اكبر عدد من المعدنين, المستتمرين, المنصات و و و, يعني الفائز منا هوا الذي يتحصل على تصويت الاغلبية, فلو قرر الناس استعمال كودي والاعتماد عليه فسوف يكون كودي هوا البتكوين, وكودك انت وافين لن تكون له قيمة.

الخطوط الحمراء محمية "بأجماع" الناس وليس باي طريقة اخرى, مثلا لو قرر اي شخص ان يعدل البروتوكول ليغير ال 21 مليون الى 50 مليون, فلن يلتفت اليه احد ولن يدعمه احد لان الاغلبية الساحقة من البشر تعرف ان قيمة البتكوين في نذرتها وان تلك الزيادة سوف تخسف بقيمتها الارض ويخسر الناس كل استتماراتهم, على الاقل هدا هوا مايحدث الان, ربما بعد 50 عام تتغير نظرة البشر لهدا الموضوع, ويصبح الاغلبية يطالبون برفع السقف ال 50 مليون, في وقتها عندما يحدث ذلك سوف يصتف الناس حوله ويتم التغير غصبا عن الاقلية, وهدا ليس امرا سيئ ابدا, بل العكس تماما, مايريده الاغلبية هوا الذي يحدث وهده اهم ميزة للبتكوين ان القرار يتم بهده الطريقة بدون فرض شخص واحد لوجه نظره على الاخرين.






 

You want to look at the bestshare status, it needs to be greater than or equal to the current difficulty, currently, your best share on the link you quoted is 143979720328

To hit a block you need to smash this massive number


Tho you don't really need to follow that link, it will be over the place.

Good luck guys.

If you both are talking about James Howells who allegedly lost 8,000 BTC in a hard drive he threw away, I found no reliable source saying he found the hard drive

As for this


Not sure why you assume it was "after", if he had any BTC the belongs to the PKs he owns, he would have gotten the same amount in all the forks, so if he threw it when it had BTC in it before the fork date then it would have both BTC and the other forks, if the BTC was funded after the fork, he would found only BTC, the only way he would only find forked coins and not BTC is if he funded the wallet after the fork, and lost it after the fork, which doesn't make sense at all.

We could be talking about different folks here, but James Howells claims he lost his hard drive back in 2013, which means if he found it recently, it would have 8k of BTC and every other fork.

Inflation control is key to the strength and success of any currency, creating the total supply over a century is certainly a more controlled way than doing so in 8 years, the second reason is the desperate need for miners until the currency has matured enough to secure itself without the "desperate need" for miners.

You see, eventually, we will get to that point, but BTC is like a child, you don't throw a kid in the jungle and expect them to survive, you first keep them safe in their crib, then let them take the first risk of sitting down while still supporting their back, then they take more risk when they become strong enough to crawl, walk and etc. yes you could try to force a baby to walk before learning to sit, but the chances of that happening smoothly are pretty slim.

Satoshi knew that 8 years weren't enough for BTC to mature and survive without miners, he also knew the importance of growing the market value of the currency which is directly related to the supply, it's very, very unlikely that BTC would be worth what it's worth today if there were 21m of it back in 2017, it would have been highly more inflated, a lot less secured due to miners not sticking around for the rewards.

Satoshi may not be one of the best programmers or writers we ever knew, but he certainly is one of the best economists the world has ever seen, the plan was executed perfectly and the results are probably better than what he expected, could NOT have been better.