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1  Bitcoin / Bitcoin Discussion / Re: The demise of Bitcoin. Biggest threat to Bitcoin and all PoW coins on: December 24, 2020, 12:53:01 AM


Do all the newbies smoke weed before posting?


If someone discovers a free, unlimited energy source, launching a 51% attack would be just a matter of seconds. And that is exactly what has happened.

There is a sacred rock located in Ranmasu Uyana, Sri Lanka. You can check here:  https://en.m.wikipedia.org/wiki/Ranmasu_Uyana

This rock is said to have the oldest carving in the world. Older than the pyramids. What is interesting about this rock is that it emits energy. Precisely, unlimited, free energy. This place is referred to as a Stargate.

You can use an EMF detector and check the electromotive force emitted by this rock. An EMF detector is used to measure the electrical action produced by a non-electrical source.

EMF detector will show even very small changes in energies. And if you take an EMF detector and measure the electromotive force produced by this rock, you can see that the EMF meter's needle immediately goes all the way to the other side, which means, there is very high energy emitted from this rock. Potentially unlimited and free energy. You can check the video here: https://youtu.be/B-W-nQOQdq8

This rock is guarded by a fence to protect people from the energy it emits. EMF detectors usually only show up to 5 Milligauss, but this rock emits a much higher level of magnetic flux. Potentially unlimited. A Stargate in simplest terms is a gate to the stars. And there is an infinite number of stars in the ever expanding universe. This rock (star gate) emits energy. Precisely, unlimited, free energy.

With the right resources, anyone can easily utilize this unlimited energy to launch a 51% attack on the Bitcoin network. The cost of launching such attack would be incredibly low. The energy emitted from this rock can be easily converted to electrical energy with the right resources.

Discovering an unlimited energy source is a breakthrough. A breakthrough like that would have a lot of ramifications; not only to Bitcoin network but also to every human being on planet earth. But, my focus is only on Bitcoin.

If anyone properly utilizes unlimited, free energy, he/she can easily launch a 51% attack on all PoW coins with very little cost.

This sacred rock is just one way of tapping into unlimited energy. There are so many other inventions and discoveries that can generate unlimited energy for very little cost and resources. All these discoveries are hidden from the public by the powers that be. And this is the biggest threat to Bitcoin and other PoW coins.

The Solution

PoW is a failure. PoS is a better system. With Ethereum 2.0, Ethereum is slowing moving to PoS. The threat of someone having massive amount of electrical power is eliminated in a PoS system. As soon as the news breaks out, Bitcoin price will plummet. PoS and Ethereum 2.0 is the future.
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin Electricity Consumption on: December 24, 2020, 12:51:20 AM


We have miners that are distributed all over the world, as location of the miner is not constrained by the protocol, miners would migrate to areas where electricity is cheaper. Therefore the specific CO2 production will vary with miners based on:

- proportion of electricity obtained from the grid and independently generated
- What the average CO2 production is from their local electricity grid
- What the average CO2 production is from their independent electricity generation methods.

This data is hard to get without having some form of survey done on each one. And as since BTC is decentralized, it is difficult to survey everyone.

Factors to consider are:

  • Since the last major bull run their has been a halving in the BTC reward (12.5btc to 6.25btc). The next halving is predicted to occur in 2024. This means that the profit a miner would have to spend on electricity would be less.
  • The peak hash rate since the 2017 peak was approx 55 EH/s. It is currently approx. 126 EH/s
  • Mining Rigs would have become more efficient meaning more hashes per KWh. I do not know the eff of state of the art mining rigs.

There are some insightful studies done in the realm of understanding BTC electricity consumption:

- https://digiconomist.net/bitcoin-energy-consumption/
- https://www.sciencedirect.com/science/article/abs/pii/S2214629620302966?via%3Dihub

So, I guess the question is, what is the feasible price of bitcoin when considering other objective functions such as environmental sustainability?


Your topic is very interesting!

The modern economy is based on making a profit.  The modern economy does not aim to solve environmental problems.  In the modern capitalist system, world economic crises arise due to falling energy consumption.  

Hence, based on this, "energy money" (bitcoins) can help the modern economic system get out of the crisis.  

To solve environmental problems, you do not need "energy money" (petrodollar, bitcoin), but "environmental money".  

Let me give you an example - I have improved the situation with the environment, therefore I can issue my own money.  

This is "environmental money".

I would disagree, somewhat.  While making money is critical, the current investment movement is towards green and away from hydrocarbons.  Companies like Tesla get stratospheric price to sales ratios while industrials and others sell for below book value.

In other words, making $10 in an oil an gas company actually rewards you LESS than making $10 in a EV or Solar company.  Your elementary approach is limited and does not take this into account.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ripple XRP Price in 2021 on: December 24, 2020, 12:40:01 AM
Ripple XRP is one of the world’s major cryptocurrencies and one of the most intriguing.Ripple’s goals for XRP are quite different from what Bitcoin is aiming to achieve. Both provide users of the cryptocurrency a way to control their own assets, however, Ripple was designed for speed and to achieve some of the lowest fees of any crypto asset.

These attributes make it extremely attractive for banks – Ripple’s main target customer – to move large amounts of money quickly, at a very low cost.

 Ripple (XRP) has a pretty eventful year. A lot of developments have been done by the company in terms of bringing the project into the limelight. As a result, Ripple price prediction may just hit bullish by 2021.
$.001
4  Economy / Exchanges / Re: Circle is buying Poloniex on: February 26, 2018, 06:25:46 PM
Funny story, I sold all my ______ currency on Poloniex last week for bitcoin.  Transferred the bitcoin to another exchange.  Poloniex kept showing I still had the _____ currency, but it wouldn't let me sell it. So, today, I finally took a shot and transferred the ____ to another exchange.

It worked!  No idea how it happened, but they definitely need better accounting.
5  Alternate cryptocurrencies / Mining (Altcoins) / Re: [2018-02-12]Bitmain To Release Ethereum ASIC Miner F3 With 72Gb DDR3 Dram In Q2 on: February 21, 2018, 02:01:50 AM
Please STOP with the Ethereum POS crap.  It will be ONE PERCENT POS...if and when it finally starts...until they figure out if they want to go more.

That gives you forever and day.
6  Economy / Scam Accusations / Re: Cryptopia Scam - deposits from other exchanges on: February 17, 2018, 07:03:16 PM
Just to bump this.  I heard rumors, so started moving all my stuff off today.

Well, Verge and Pirl and probably many other currencies are "under maintenance" if you try to withdraw them.

But, Ella and Sumo, and Expanse are all up and running however, my withdrawals of those currencies have not hit the blockchain after a few hours.

What does work is selling your currencies and sending litecoin or bitcoin.  Both of those worked perfectly.

I have a lot of sumo and pirl stuck in PENDING, now.
7  Alternate cryptocurrencies / Mining (Altcoins) / Re: [2018-02-12]Bitmain To Release Ethereum ASIC Miner F3 With 72Gb DDR3 Dram In Q2 on: February 16, 2018, 04:55:42 AM
Just another 5 cents...
If say, todays 6 gpu rigs push out 250-350MHs, then with VEGA's this limit is higher and already climbs to 400MHs if not more, then comes March of 2018 and NVIDIA rolls out their 20xx GPU with capability of pushing 100MHs from one PGU, having 6 GPU rig pushing 600MHs is dam close to rumorish 650MHs, the only difference would be power this rig consumes vs the power this ASIC will consume...  IT WILL ALL COME TO _ROI_ at the end.

P.S. usage of DDR3 or GDD3 still leaves me wonder...

Huh?  6 vegas = $6000 rig and only 264 MH.

No consumer card is going to push out 100MH in the next 3 years.  The 1060 is how much faster than the previous gen?  If the 20xx does 50MH, I will be shocked.
8  Alternate cryptocurrencies / Mining (Altcoins) / Re: [2018-02-12]Bitmain To Release Ethereum ASIC Miner F3 With 72Gb DDR3 Dram In Q2 on: February 15, 2018, 05:51:52 AM
It's already been discussed....contracts are not handled by miners.  That was a conceptual design idea to make it poisonable, but contracts are not handled by miners.  So, there is no way to "poison the well" with a contract.
9  Alternate cryptocurrencies / Mining (Altcoins) / Re: [2018-02-12]Bitmain To Release Ethereum ASIC Miner F3 With 72Gb DDR3 Dram In Q2 on: February 14, 2018, 01:34:01 AM
PoS is pulling the trigger on a gun to your coin's head, but ETH dev's have used the threat of it to dissuade ASIC makers, now that Bitmain are calling their bluff they're going to have to come up with another solution. Whatever they do I think it's a brave man who buys an ETH ASIC.

If ethereum forks, that wouldn't affect the other Ethash coins.  Still several to chose from.
10  Alternate cryptocurrencies / Mining (Altcoins) / Re: BURST vs STORJ on: February 12, 2018, 07:40:29 PM
the good side of burst is that you can use every hdd/ssd you have, even with realocated or bad blocks or ready to fail ( smart problem ) disks
as long as you can read from it, it generate Burst with no penalty

the other 2 you need to run over raid1 ( mirror ) if you don't want to lose money


with 18Tb on Burst for 1 mounth I have 17000 bursts
you can do the math with currect price


HOW?  What pool are you on.  I have more than half your TB and have made 50 burst coin in a couple weeks.  Please share your pool.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: So many new ICO, how to check if it's scam? on: February 12, 2018, 06:17:41 PM
at least 80% are scams, including the ones you've already bought into.

Envion?  Scam most likely.  Electroneum, definitely a scam.  Etc.

You are giving money to people who have ZERO - accountability.  It is totally unregulated.  If you were given money in an unregulated way with ZERO accountability...would you bother following through with your "design?"

Sure, there have been some real ones.  But most of the real ones, you never had a chance to buy into as they were private icos.

Here are some legit items: Augur, 0x, Civic, OMG, shapeshift, trueflip, ripple, polychain, kyber, filecoin.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Ħ [HODL] 5% Interest. No Staking Req. Term Deposits 10%. Solo Mining. on: February 11, 2018, 06:33:08 PM
Anyone mining this?

Too many pages to read.  I tried the pool mining, it runs and hashes but supernova shows nothing going to my account (no hashes).

So, is the solo miner the best route?
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs on: February 11, 2018, 05:53:54 PM
Yeah, I think you need to revisit your calculation.

In 170 days you make 170 *.65 = $110.

How much did in invest?

Instead of buying another drive, I just spent $150 on Burstcoins at $.03.  So, 5000 burstcoins.  Kinda puts me ahead in the game if it moons Smiley  You will get to 5000 coins in 400 days!
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Electroneum a SCAM??? on: February 09, 2018, 10:10:46 PM
I think this thread have to be closed because it refers to the period previous to token distribution in concrete to the problems with the hack and the stand by of the release of the wallet....

now all is working fine

if the moderator can close the topic it would be great.

thanks


Because it couldn't possibly be a long-game?  Right?  No way THAT happens.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Electroneum a SCAM??? on: February 09, 2018, 10:09:50 PM
No it's not a scam, I know a lot of the team behind it and they're super dedicated. Price is expected to be around $30 by the end of the year.

You have ONE POST, EVER.  LOL!
16  Alternate cryptocurrencies / Mining (Altcoins) / Re: My RX 580 doing 31-32 MH/s on: February 08, 2018, 12:55:37 AM
I'm a newbie, I started about a week ago but I thought it was my turn to bring some information to the forum.
I'm using Windows 10 fall whatever (1709?) and latest Adrenalin drivers in compute mode.
They all use Hynix memory, BIOS are one-click-moded via a fork of polaris bios editor.
5 of the cards are Saphire Pulce OC, the last one is an Aorus.

I've renamed AMD settings so it wouldn't load at startup. Rather, I'm loading profiles with OverdrveNTool.

Claymore's is only mining Ethereum, dcri is set to 10 (no idea what it does in single mode but it has a clear impact).


Hope you'll find it useful.

Can you link your one click mod you used?  My 580 gets only 26Mh after copying the 1750 strap up.
17  Economy / Computer hardware / Re: [Batch 2 SOLD OUT] FutureBit Moonlander 2 Official Pre-order Thread on: February 05, 2018, 03:56:09 AM
I'm still curious. I show this makes a dime a day.

You guys are really spending money on a dime day?

If you think most people are buying these for immediate profits, you don’t understand who is buying them and for what reason.

Sidehacks 2-pac bitcoin sticks make 2 cents a day, and people are still buying them for 100 each Wink

Feel free to explain.
18  Economy / Computer hardware / Re: [Batch 2 SOLD OUT] FutureBit Moonlander 2 Official Pre-order Thread on: February 04, 2018, 03:38:14 AM
I'm still curious. I show this makes a dime a day.

You guys are really spending money on a dime day?
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs on: February 04, 2018, 01:37:01 AM
From that I understand, a deadline is a solution to a problem.  Everyone gets the same problem essentially and each nonce has a solution path in it.  If your nonce's path is the shortest, it will have the lowest deadline.

So, if you have a crapload of nonce's your likelihood of having one with a very short path to the solution increases.

20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs on: February 04, 2018, 12:25:29 AM
I am about to start mining with 8 tb with an unused NAS system my dad bought but did not need.
With 8 tb its 14/day, 101/week 432/month
432 burst= 18.24$ as of now, 1/31/18
Burst will be a coin that holds its value in the future.

Dream on... 14/day! lol  2 per day!
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