but the fact of the matter is this is something the Chinese do; they are very, very, very efficient when it comes to it, and they strive for peak control and efficiency. Royally fucking the Earth without regard for others is not 'peak control and efficiency' - it is reckless abandon and selfishness. WTF is wrong with you god-damned people? |
|
|
|
Rawdog, I wish it wasn't you that posted this because all the people that have you on ignore aren't going to see it and it is a valid point for discussion. These mining farms could profit a lot longer than anyone else after reward drops essentially forcing other farms out of business.
you will always have some greedy hobbiest trying to syphon free cable/electric from neighbours. the fact they authorities only found 12 people.. is nothing shocking or newsworthy. as for immorals of bitcoin mining and the cost saving.... is only ~$225 every 6months per ASIC.(based on china's average 5cent/kwh electric) i dont see this immoral greed outwighing the cost saving that real farms make by manufacturing the ASICS. take bitmain. at a cost of only a couple hundred dollars to make a rig but retailing it at $1,500.. ever customer they have is literally giving bitmain a couple rigs to run FOR FREE. EG customer buys a rig @$1500.. bitmain can make 5 rigs for that. or 3 rigs and have $600 spare in their pocket. so they hand one rig to the customer.. and then bitmain run their 2 remaining 'free' rigs themselves and have $600 spare to cover electric for both of those rigs for ~8 months so even if some hobbiest is stealing electric. it still cost them $1500 for the rig.. which real farms (antpool) dont have any upfront costs. so no worries You are totally confused. China is still subsidizing mining because .05/kWhr is below that actual cost to make electricity. China does this by fucking up the Earth which belongs to everyone. When you are a careless shithead who pollutes without regard for others, to achieve dominance in bitcoin, you are evil. That is a fact. |
|
|
|
Rawdog, I wish it wasn't you that posted this because all the people that have you on ignore aren't going to see it and it is a valid point for discussion. These mining farms could profit a lot longer than anyone else after reward drops essentially forcing other farms out of business.
WTF? People put me on 'ignore'? Why the hell would they do that? |
|
|
|
China has been doing phenomenal with each and every strategic point.
Yeah, stealing electricity and pumping many tons of carbon exhaust into the atmosphere is 'doing phenomenal'. The little fuckers are poisoning the planet and cheating while doing it. All for a few digital trinkets. Fuck! |
|
|
|
see, this right here is high bullshit... https://www.cryptocoinsnews.com/china-oil-bitcoin-mining-theft/The fucking Chinese are stealing electricity, polluting the Earth with no conscience whatever, and taking over control of Bitcoin. Bitcoin is totally under the control of about 6 Chinese miners. The only reason they put all other miners out of business is because they have no morals and steal electricity. Now, all mining and control of the Bitcoin protocol is in the hands of these immoral bastards. Fucking Chinese. |
|
|
|
It doesn't surprise me why this guy said this now, considering they're pulling their support of Bitcoin transactions and services. An attempt at getting additional attention by someone in the investing world before they left Bitcoin completely, and I'm not sure what their goals was supposed to be exactly.
They alienate their original base and go off with a new market, one not necessarily open to them.
I'm confused.
He is a practical guy who understands if the network cannot be used to make money, it will die. Presently, the mismanagement that arises from the silly notion of 'consensus' causes network development to come to a total halt. Therefore, he checked out. bye-bye. Consensus is a great idea like communism. It just doesn't produce the intended result, like communism. |
|
|
|
Calm down. I guess the governance will inevitable come sooner or later but this will destroy a part of what bitcoin is. Bitcoin is a currency which you can use anonymously and without paying any taxes. Why does the government has to know the money we have if we can't really know about their sums, houses and stuff? Bitcoin brings some freedom to all of us.
The very next step we will see is Blockstream lowering their strangely declared: '95%' = consensus. Once they really need the SegWit to be implemented, this definition of 'consensus' will be lowered to 85%. Then, if they fail that, they will just lower it a bit more until they get the 'consensus' they are looking for. Trust me, Blockstream is going to have their altcoin by changing the protocol any way they like. Blockstream runs the show. |
|
|
|
- snip -
They just can't accept the fact that the website cited has published everyone's key.
- snip -
That depends on what you mean by "published". If I have an idea for a book, but I haven't written it down yet and nobody has seen any of the words yet, is the book "published"? If I write a computer program that can generate all possible arrangements of english words on a single page, and the particular arrangement is mathematically chosen based on the page number given, have I "published" every book that will ever be written? Even if nobody ever chooses to generate any pages with my program at all? It might be a bit more accurate to say that the website cited can publish any key (given the correct page number), but hasn't yet published 99.99999999999999999999999999999999999999999999% of the keys. ALL THE KEYS ARE PROVIDED!!!! Again, they aren't provided until you request them. It might be more accurate to say that ANY KEY CAN BE PROVIDED (given the correct page number). Sorry, but I stand firm. ALL THE KEYS ARE PROVIDED!!!! However, it might be a slight technical improvement to say: ALL THE KEYS ARE PROVIDED - by way of calculation means. Either way, it is 100% accurate to simply say: all the keys are provided. Here is the funny thing: when I say: 'your key in on that website' - a thousand idiot keep coming to tell me that it isn't. They just can't bear to accept that their key is so easily found. It crushes small men. ...and they keep coming back with more argument as to why I am wrong. Like - 'well, it isn't published yet...'; 'well, the keys are not stored on the site'. lol, that one makes me laugh. As if the keys were 'stored' it would somehow be a problem. |
|
|
|
- snip -
plus it only goes from 5hp to 5km
meaning its missing out on alot but will still take you decades to check all the addresses it calculates when you change pages
Valid ECDSA private keys on the Secp256k1 curve (the curve that bitcoin uses) are in the range (as represented in hexadecimal) of: 0x0000000000000000000000000000000000000000000000000000000000000001 to 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFEBAAEDCE6AF48A03BBFD25E8CD0364140 Converted to WIF (Wallet Import Format) this results in base58check values of: 5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreAnchuDf to 5Km2kuu7vtFDPpxywn4u3NLpbr5jKpTB3jsuDU2KYEqetqj84qw That's it, the entire range. That's ALL the possible standard bitcoin private keys. As far as I can tell, the website provided calculates any valid bitcoin private key value as long as you give it the correct page. Of course, if you already know the private key (or page), then you don't need the website. The website is NOT able to tell you the private key when all you know is an address that was generated from a randomly generated private key or seed. If you happen to be using a VERY poorly generated private key, then there's a chance you could find it, but I doubt strongcoin is using non-random keys. Thanks for that Danny - I've got all these god-damned geniuses telling all sorts of shit. Being right all the time is not easy. Some fucktard comes along and starts arguing until his brain hurts. They just can't accept the fact that the website cited has published everyone's key. They get all giddy and stupid and think of every reason why it can't be so. However, their silly argument never changes the fact that: ALL THE KEYS ARE PROVIDED!!!! had been used to inspire fake worry/doomsday. 'satire' - not so much. 'fake'? - not even. It's all real baby. Real worry and real doomsday. If that is how people feel when they learn the website has their keys, then they are just going to have to suffer with it. But it is all real. |
|
|
|
lol by the way not every key is there it doesnt have all keys stored. it just converts the page number into keys when you go to the page. so its a live privkey->public address calculator. not a store. plus it only goes from 5hp to 5km meaning its missing out on alot but will still take you decades to check all the addresses it calculates when you change pages Franky, you are such a buzzkill. wtf? I didn't say they are 'stored' there. I said they are 'there', if by storage or by calculation, they are there. That is what I said, 'they are there'; and they are there. |
|
|
|
Bitcoin never dies, Nothing ever dies, until it is dead. The truth is that Bitcoin either goes up or becomes equal to a Dogecoin or to $0 and disappears. It's hard to tell which of the two will happen in the next years though, I mean look at the recent events.... You can't even predict one month ahead of something anymore.. I hope Bitcoin survives even a global crisis or something similar, I hope we didn't trust Bitcoin for it to just go away that fast. According to statistics, a lot of talk that the crisis affects everything that is connected with finances. But the fact that Bitcoin this situation is not dealt with. And even on the contrary. That is a very interesting point. I am glad you brought that up. I wonder what everyone else thinks about this well-thought out point. ya fuckin' idiot |
|
|
|
it's over now. the option was shut off at the same time as the announcement.
I assume you can sell what's in your wallet there and that's it.
Sad to see yet another good company abandon its support for Bitcoin. With the high fees and huge backlog, I don't see other companies sticking around either. Maybe if there were a pending solution. But, it is 100% sure as long as Maxwell is in control, the backlog will grow. LN isn't even going to be ready for another two years at best. |
|
|
|
Bitcoin never dies, Nothing ever dies, until it is dead. The truth is that Bitcoin either goes up or becomes equal to a Dogecoin or to $0 and disappears. It's hard to tell which of the two will happen in the next years though, I mean look at the recent events.... You can't even predict one month ahead of something anymore.. I hope Bitcoin survives even a global crisis or something similar, I hope we didn't trust Bitcoin for it to just go away that fast. The transaction backlog isn't clearing up soon. fees just keep going up. |
|
|
|
For all you that love 'decentralization', it has made a right fucking mess of things.
Basically the open wild, wild west of 'consensus' is causing tremendous problems in the Bitcoin network. People are not working constructively together to achieve a remarkable new system, but rather fighting like little school girls on Reddit. This is a damn mess. We need a CEO and management to direct efforts and align them to reach a goal.
Is it the case there can be no noble CEO? I don't buy that theory.
No it isn't, that is how the system works. Go back and learn why Satoshi designed Bitcoin this way. If you want a CEO, go to Paypal. Yes exactly ! What the hell is this guy even going on about ? CEO ?? Do you know what a CEO is ? The remarkable new system is already here and who exactly do you refer to when you say we are not working constructively and together ? Mess ?? What mess ? What are you even on about ? I think he is on about your mama. |
|
|
|
For all you that love 'decentralization', it has made a right fucking mess of things.
Basically the open wild, wild west of 'consensus' is causing tremendous problems in the Bitcoin network. People are not working constructively together to achieve a remarkable new system, but rather fighting like little school girls on Reddit. This is a damn mess. We need a CEO and management to direct efforts and align them to reach a goal.
Is it the case there can be no noble CEO? I don't buy that theory.
I don't think so as so many of us here attracted to bitcoin due to its been centralized since Mr.Satoshi invented bitcoin, why do we need a CEO, there's no point which we could choose and induct one even they fight each other. Nobody really control bitcoin and that's how it works until the end of its time, we need to compromise not CEO. We need a CEO because Bitcoin doesn't scale today and for the last two years people have been trying to reach a very easy solution (change to 8MB blocksize limit) yet nobody will agree to anything. Two years of pissing around is called an impasse. With a CEO, they would have chose something. Even if they chose the worst of two paths, it would have been better than not making a choice. Today, we have 30,000 stuck transactions, impossibly long wait times, high fees and we are no closer to making a scaling choice. Finally, good companies spending millions of dollars ($132 million) building very cool bitcoin supporting tools, are giving up and moving on to other things. i.e. Circle. Core/Blockstream fucked Bitcoin by crippling it so they could introduce their proprietary 'off chain' scaling solution, for a fee of course. |
|
|
|
Shit! That's how I was buying most of my bitcoin. Coinbase has already nuked me--where is there another service like theirs?
Also, can't read the damn article because it's subscription only. When are they dropping btc?
Just use Kraken or if you are in Europe use Bitstamp or better yet use Paymium. Circle is dropping Bitcoin for the same reason very many others have already dropped it. Bitcoin no longer supports microtransactions and other end user (retail) functionality. Core/Blockstream have converted Bitcoin to a settlement and speculation system. If you are not interested in 'Buy and Hold' or settlement functions, Bitcoin is no longer useful for those applications. Way too long of confirmations, way too high of fee. Blockchain congestion is suffocating so many projects. SegWit doesn't really help. SegWit only helps Blockstream get their Lightning bullshit going. SegWit will not appreciably fix Blockchain congestion. Only a 4MB limit will fix that. |
|
|
|
Today Circle announce that will stop to sell bitcoins from their site and it seems that they choose to separate themselves from Blockchain technology and Bitcoin. Is good for them that they find that can work better like Paypal or Alibaba with a central controlled database server. But the sad is that his CEO blame openly bitcoin developers to an WSJ article about this. He say: “The story is one of essentially gridlock amongst core developers, while mainstream companies are using this technology,We’ve been deeply frustrated with that lack of progress, and we want to move it forward.” http://www.wsj.com/articles/bitcoin-powerhouse-will-pull-the-plug-on-bitcoin-1481104800i like to ask if anyone involved in this company. How someone like Circle can blame bitcoin when they have not invest a single Bitcoin or single dollar to Bitcoin protocol? When they have not pay a single bitcoin dev? As a reminder this guy and i mean CEO of Circle is very hostile to Bitcoin. In a recent tweet he says that in 5 years no one will remember Bitcoin. I have my doubts if anyone will remember them.... Circle is right. The gridlock at Core is insane. Many companies have abandon the idea of using bitcoin because Blockstream has taken over, prevented 4MB blocks and severely limited tx throughput. The network is fucked now. Circle is not the only one. Many other companies (not all have over $100 million like Circle) are leaving the blockchain because their project is not a settlement project. In the present state, bitcoin is only good for settlement and store of value. Everything else is dead. Core ruined it with their stupid gridlock. It was not necessary to prevent 4MB blocks. |
|
|
|
To anyone actually wanting to know more about Segwit, read the 1st page of this topic and make up your own minds. These guys on the 2nd page , pure waste of my time.   FYI: In the end the Miners will determine whether or not SegWit is even activated. Odds are all of these concerns over segwit & LN will be blocked by the Mining Pools anyway. Miners do whatever GMax tells them to do. |
|
|
|
Santa Clause is coming to town. Largest US Bitcoin Exchange Ordered To Disclose Three Years Of User Data To IRS http://www.zerohedge.com/news/2016-12-01/largest-us-bitcoin-exchange-ordered-disclose-three-years-user-data-irsWe concluded our report by wishing "Good luck to Coinbase fighting the IRS: if America's tax collector is intent on getting the identities of the biggest traders are in America's largest bitcoin exchange, it will certainly succeed (especially if they happen to be conservatives)."
Alas, our best wishes were not enough, and yesterday a federal court in the Northern District of California ordered Coinbase to disclose what the IRS has demanded: all American user transactions from 2013 to 2015.
The executed DOJ order: https://www.justice.gov/opa/press-release/file/914226/downloadDespite the order, Coinbase has vowed to continue the fight: "We look forward to opposing the DOJ's request in court after Coinbase is served with a subpoena," a spokesman for the San Francisco-based company said in an email to Reuters.
Coinbase remains concerned with its U.S. customers' privacy rights in the face of the government's request, he added, although he is likely far less concerned than any people who used Coinbase from 2013 to 2015, and who may soon be getting a visit from the taxman, even if they have done nothing illegal. As for the myth that trading bitcoin by ordinary Americans provides some additional layer of privacy, that is about to be thoroughly debunked.
Now the question is what head of the hydra will take over to protect the privacy?
Unfortunately, it won't matter.
 That is fucked up. |
|
|
|
|
Show Posts
