I realized that our countries have completely different mentalities. In Russia, if a thief climbs over my fence and gets trapped or electrocuted, I'm to blame unless I can prove they attacked me with a weapon. A large, barking dog usually discourages anyone from entering your property at night. Pretty much same thing in the USA. Even if an intruder is armed, traps of any sort used against people are illegal. Dogs can be good but if a robbery is well planned thieves will often toss them a piece of meat loaded with drugs to silence them. You are allowed to shoot them only if: a. They are inside your home or business AND b. They are armed AND c. You can prove they were threatening you with the weapon AND d. They were not trying to escape when you shot them Gettin back on-topic, I take it no one remembers the uproar many years ago when Bitmain tried to offer their firmware with not only tracking but also remote 'bricking' functions? Privacy freaks went totally bonkers over the thought of it so Bitmain soon dropped the tracking and remote shutdown features. That served as a lesson to other miner makers and to this day none have ever tried offering it again.
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I could remember years ago when CoinBase introduced a tough KYC procedure, and all the users of the exchange who cant comply with or execute the harsh KYC cant access their funds. Folks were notified several months in advance and could move their funds like I did if they wanted to. Even those who somehow missed the emails from Coinbase warning of the KYC changes could/can still access their coin after jumping through several hoops going through their verification process. The same no doubt applies to the unverified Vietnamese bank accounts - funds in them has not been seized but rather locked until the owners can be verified. It may be a PITA but such is life in the modern world. Deal with it.
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I don't think its worth me mining now days its very expensive and you always need to take care of the miner and temperature its better to buy BTC and HODL this is my opinion maybe I'm wrong Not wrong BUT not entirely right either. Once ASICs started to be used in 2013, mining has *always* been expensive and always required upkeep and proper cooling. All that has changed over the years is the earnings vs cost of electric power. These days if you can get power for less than around $0.08 - preferably much less - you should be able to (slowly) make profit. If your power costs too much and you cannot deal with the noise & heat then definitely buy BTC and HODL until you are ready to cashout a few years in the future.
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Main point to keep in mind is that when sizing ANYTHING electrical is that you must NEVER have a constant long-term load exceeding 80% of what the device (or wire) is rated. This applies to wiring, circuit breakers, stabilizers/UPS's, ect. The short form is to take your miners' maximum power rating and add 20% more then pick a stabilizer rated for at least that power, preferably substantially higher. eg for a miner rated 3,500w the stabilizer should be rated for at least 4,200w.
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^^ >99% of the time cloud mining is a Ponzie scam. I am unaware of ANY legit ones. You *might* initially see some rewards (actually paid from new fools signing up) but sooner or later the company either disappears, changes their payout terms to make it unprofitable at all for you (Bitdeer does that), or otherwise screws you.
Hosting can work if you use a reputable company with good rates for the power used and can afford to buy the gear to run with them.
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What about immersion cooling?
If you had bothered to read this thread you would have seen that, yes, they are immersion ready. Very low noise but you still need to get rid of the heat.
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And I have a Unicorn that flies and spits diamonds... Show proof/examples and a repo location.
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f they allocate the total profit from a successfully mined block to the particular node that hashed that block, then what happens to the transactions fees that they are accumulate? any DECENT pool will include all tx fees as part of their distribution.
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Will the pool continue to run Core or will it go to Knots?
Don't see knots as a needed option. Query: Why would you think the pool should change to it? From his past and present interactions with them, Luke Jr has ticked off many of the OG devs. Also doesn't help that his bfgminer is a ripoff of cgminer...
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Is the drive a bootable one or just a data drive? Being from 2012 any mining would have been using Bitcoin core and CPU miner or maybe the later GPU version (which btw is what -ck and Kano later based cgminer on). Dedicated FPGA (no ASICs yet) were pricey so doubt those were not used. Either way you need to find the wallet.dat file as that where any coin addresses will be found.
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Also does not help that you use yandex.ru Anyone using a Russian services provider is right out for me.
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The replies you get here are to slow & can be inaccurate. Slow is true, inaccurate - bull. When a post has invalid info it is soon corrected by folks with better knowledge on the subject. AI is instant & can give answers to your questions in great detail. And regarding even what should be very basic questions, AI answers are also VERY often embarrassingly WRONG. eg, Q: "What is bitcoin mining?" Usual answer is "mining involves using specialized computers to solve complex mathematical equations" which is 100% wrong - BTC miners are brute-forcing a solution using gazillions of sequential random guesses, there is no equation solving involved. Without someone to step in to say, 'ehem... that ain't right' you can be pursuing incorrect solutions.
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No. All it does is reduce the number of shares being reported to the pool. That in turn makes it harder for the pool to determine what work dif to send to a miner causing wider variance.
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But I can say that there will come a time when Bitcoin will be the most used currency, because as time goes by, fiat money is decreasing. Now people are afraid to carry paper money and go on the streets because there is a high chance of getting robbed, using Bitcoin is the safest because the passenger sitting next to you will never know if you have Bitcoin. We are moving towards the future and using modern transactions more, it can be Bitcoin or we complete transactions by numbers, so the use of fiat currency is decreasing. Personally, if you are afraid to carry fiat I'd move to a different area or country or at least take some self-defense courses... In the US I have zero fears about carrying fiat. That does not mean that robberies don't happen here - of course they do but is it is definitely NOT a widespread problem and in any given city, given the huge numbers of people in them is actually pretty uncommon.
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@OP: you do know that when talking about millionaires/billionaires they do NOT have that amount in cash right? The vast majority of their wealth is in various holdings - stocks, bonds, real estate, etc. To do what you are thinking of would require them to sell off most if not all of their holdings to then buy BTC with the proceeds and that is *not* ever going to happen.
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Since the OP seems to ignore the DOZENS of existing threads on this very subject and decided to create yet another one - ignore button now active.
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I really don't care. BTC was never intended to be private and folks who have an issue with that should find a different coin to use.
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I do hope that it is not shut down. Bitcoinity has been my go-to for checking prices even since I started in BTC so very long ago.
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For a start, I suggest you 1st go to Beginners and Help area and look around there. 2: This area is for Bitcoin only - NO altcoins. Go to Mining (Altcoins) for for discussions about Kaspra miners. 3: Check out the LOCAL areas to find one in your native language.
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