They are trying to "fix" it, the fees are all over the place for each user, some get $7, some 6 cents some $1.3.

But I can't still get over the fact that the damn f* are still putting their shitcoin clone on top and LN at the bottom, LN is below Ethereum erc20 when you select "Bitcoin", how in the name of god!
Sound like some PR shit to keep the impression fees are not one hundred cheaper than everything else.


Chanel size restrictions and liquidity issues, Okcoin and Kraken have limits too.

I wonder if this is really theirs:
https://1ml.com/node/03a1f3afd646d77bdaf545cceaf079bab6057eae52c6319b63b5803d0989d6a72f

Yeah, majik!!!!
You just have to wait and you're going to make money no matter what shitcoins you hold
Majik!!!!


What if that never happens and the shitcoin drops to half a cent per coin?


Can you please let me know the brand and model of your crystal globe?

I love how easy it's for you guys to talk about the risks of losing all your money when it's somebody else's money, it oversimplifies things as much as it can! Just hold! I wonder why nobody is talking about him buying more and more!

And now we're having back to earth re-entry! Pace is just crazy, again some large family shutting down voluntarily?


And coming from another topic, I just saw that Binance is offering a presale on cloud mining plans
https://pool.binance.com/en/cloud
I can't find a way in which this shit would turn to be profitable compared to buying coins unless the US bans Bitcoin mining and the price stays the same despite that. Of course, I'm also pretty sure there are going to be a lot of customers for this, I don't doubt it a moment!


Yup, I can see that every day. What's 100 million for example?
https://www.prnewswire.com/news-releases/cleansparks-bitcoin-production-achieves-8-ehs-as-55m-expansion-goes-live-301876441.html


Peanuts!

https://hut8.io/2023/06/26/hut-8-announces-us50-million-credit-facility/


Just 50 mils, peanuts!

So you pay $ 13 to get back 0.00000227 BTC * 180 which is 0.0004086 BTC in 180 days, valued right now at 12$.

You have two scenarios:
- the price goes up so the mined bitcoins are worth more, but it makes no sense, you could just buy them now
- difficulty drops by a ton so you would get more coins, but that's just as improbable and far more likely it's going to go up, making it even less profitable

NCAP tests have become pure garbage.
The Chevrolet Aveo which is a tin can with wheels (we had them as fleet cars so I've seen quite a few of them crashed), scored 95 in passenger protection, Ford Ranger pick-up scored 84.
Now, assume you're a passenger in those cars and there is an X5 coming at you, would you trust those scores?
https://www.iihs.org/topics/vehicle-size-and-weight

After I saw the aftermath of an accident where a drunk moron with an S class split literary in two a mazda 3, trashed a pole, and stopped in a fence only for him to walk on his two legs while the emergency guys were still puzzled about how to collect what remained of the people inside the mazda, I don't care about their ratings one bit.

No!

https://bitcointalk.org/index.php?topic=2415854.0

Did you mean the exchange that has fled a hundred countries and can't manage to get a real license anywhere?
Do I have to mention the headquarters saga again and again? Hong Kong, Singapore, Japan, Malta, we don't want to tell you where?


No, that's what spineless plebs have as options!
I have the right to say fuck you to everyone, I have the right to dislike, criticize and send to whatever hole I deem fit at that moment!
What you're describing is a kissing boot attitude that will make sure forever you're just going to be a yes man and your price is half a penny!


I assume you have data and the name of these at least 200 exchanges that did so, right?
You're not pulling numbers out of you know what, right?

17 million population, 8 litre consumtion, 9.2 kWh per liter

So you have 72kwh per capita, that's 1 day of running an s19, but running 24/365 you will power about 40 000 with all the oil in the country.

Now this happens only:
- nobody eats a gram of that oil, not a gram is lost while frying, and all the oil that is used goes into the generator
- used oil has the same qualities as raw vegetable oil
- the machines are perfectly efficient

Since none of this is actually happening as half is eaten as it is and just by frying you lose up to 25% of the oil, and around 33% of its calorific value, and the efficiency is in the 30%, the numbers will probably be in the low thousands for the entire country!
So 1/2, 75%, 66%, 30%, and 40 becomes 3.

Now let's split the income of 1000 S19 to 17 million people, yeah, you got 15 cents a year!

Let's keep it simple: Not this shit again!


You're talking about taking people's money, forcing people to move their money around so they can't be seized by a centralized authority that can decide and change those criteria as it sees fit, and despite going against everything Bitcoin stands for you want us to just congratulate you for your great idea and not to stick it in the lost hole of Uranus?

Which never happened!


Oh, I got it, it de-dollarisation!
So everyone is dumping the dollar for other currencies and this keeps going up because...the US is doomed!
Meanwhile, the Russian ruble and the Chinese yuan are going down because their economies are doing great!

There is one thing I don't get it
If sanctions don't work, if a depreciating currency like this one is good,

if natural resources are the most important thing in the world, why has Iran dropped 40 places in the GDP ranking to undeveloped Africa levels:


Might be a hint of what's coming for Russia?

They mean the reward, not the actual mining, and that is determined by the code. Unless something out of the ordinary happens in terms of difficulty adjustments, it's also nearly set in stone.


Then you're going to have a hard life since you're going to be stuck with it till you die and even on death bed, you won't find the answer.
Now, till then, let's make a list of the 1056 topics that have been discussed this already since the beginning of this forum:

1. what happened to bitcoin after mining of 21 million
2. After mining all bitcoin
3. When will bitcoin mining run out?
4. What will happen in the mining world with Bitcoin once all coins are mined?

...
1055.
1056.

When did that happen?
I'm asking because a lot of people thought they were going to get scammed as support is almost nonexistent adn epling in 7-10 days  but there are actually quite a few old users on Reddit who got one. Furthermore, the hashrate just doubled from Jund so somebody is delivering Asics, but of course, it could be bitmain.
Normally I would too scream scam, as the whole thing is well too shady but I can't ignore a ton of videos of users getting their gear, with delays, with actual profitability not the one advertise of course, but still.

They are not students anymore!


It's people who have been paying the loans for 10-30 years and still haven't been able to qualify for forgiveness, most have quit schooled a long time ago and I don't doubt that there are some who are a few years from seeing their kids go to a college!


Again, just like the other guy, you have no idea what you're talking about and what this forgiveness is about!


If anyone is really interested in knowing why student debt is such a problem, and not just posting some dribble read the statistics here :
https://www.forbes.com/advisor/student-loans/average-student-loan-debt-statistics/

Especially this part:

But that's not right either!
Apart from the countries that are shown with no data, there are two missing completely, the Island of Ice and Fire and all of Mordor. 


Europe doesn't have the huge companies the US has, we might be all in this EU but companies rarely move and spread to all of it, and this is shown from the smallest thing, like chain stores that pick random countries to open stores, mobile phone companies that are not present in some and even banks. Furthermore, germans would be reluctant to put money in a fund operated in Portugal, Romanian to invest in a Polish start-up and so on, that's why the whole thing is so fragmented and we don't have giant companies like the US or China does.

Because he's the most anti-bitcoin person with some kind of power in the Cryto universe.
Because he is lying continuously about his license, about his #safu fund, about everything he can, he will lie he is fleeing a country and threating journalists with lawsuits right on his plane.
Because he is doing everything he can to hurt Bitcoin, by asking for higher fees for segwit, for asking enormous fees for the real chain, for promoting his own tokenized version, for not thinking a second before doing anything to hurt it, like the bullshit about halting withdrawals during the last mempool clog, like saying they should rewrite the chain to get hi stolen funds back, everything!


BS!. Everywhere you go there is an alternative to Binance, Bitcoin did great even in 2017 when Binance was just launched so let's stop praising this pos!


No, it was not!


They ignored subpoenas in the bankrupcies case, now it's up to an investigation into that, they think that outside US jurisdiction and US extradition treaty, there is a safe haven, and they are far more likely to end up in prison when the wheels start moving than even SBF.
I'm a little concerned about them because unlike the others they are not only scammers but also stupid ones!

https://www.ftc.gov/news-events/news/press-releases/2023/07/ftc-reaches-settlement-crypto-platform-celsius-network-charges-former-executives-duping-consumers


Full doc here:
https://www.ftc.gov/system/files/ftc_gov/pdf/2223137celsiusnetworkorder.pdf

I assume this is in order to freeze any possible assets Celsius might have? Wild guess here!

Former Celsius CEO Alex Mashinsky reportedly arrested
https://cointelegraph.com/news/celsius-ceo-alex-mashinsky-arrested

There are a few topics about Celsius and this PoS but I think that if the reports are confirmed, we need a topic for the celebration


Bloomberg source (might be paywalled)
https://www.bloomberg.com/news/articles/2023-07-13/sec-files-lawsuit-against-celsius-network-alex-mashinsky

Now, with a bit of luck, taking into account Celsius collapsed in June and FTX in November, then in a few months we might have another good piece of news.
So Mashinsky down, Do Kwon arrested, SBF close to prison time, when CZ?  

Coinmap:


LN map:
https://mempool.space/graphs/lightning/nodes-channels-map


As for the above discussion about nodes and jobs, Europe might be second after the US but if we talk about continents it's still a game with two competitors. Regulations, taxes, insert <EU is bad> material here, it doesn't change one thing, the main ingredient when it comes to this, and that's a ton of money available. Yeah, Africa has 1.2 billion people and India alone tops that, but if each one of them comes with 10 cents to invest it's not going to go anywhere.

Oh, the irony!
Just had a power failure while writing this post, I was going to kill somebody if the ups would have failed and lost it.


Because scaling is a b1tch!
What works for a hobby miner it becomes impossible to run when you multiply it by a dozen.
1 S9? I can run it in my bathroom! 20? I will turn off the power on the street, my neighbors will call the police and I won't be able to hear even 10 cops cars over the noise, and probably from the heat my bathtub will melt before they arrive!

Same here, you got enough power for 5kw miners, how do you get the cheap or zero cooking oil for more?
It's like living on soda cans, you can pick a few hundred each day but can you pick 10 000 a day? Scaling!


I've seen this so many times I kind of stopped paying attention to it!
Somehow magically investing $200 to get $200 is great in Somalia and investing $5000 to get $5000 is bad in the US or EU, don't know by what logic, don't know how this keeps getting spotted even if it's not simply about mining but about investing too, like some guy who can barely afford 20$ will strike it rich unlike the one affording $5000 cause....reasons!


It will work only on a small scale.

For example, at our farm, we harvest willows and combine it with straws to make pellets, we sell those but we could fire them up and power a generator, it would work for us on our production but if we try to get over that, buying it or investing in planting more trees more land would bring the cost of home generation over the grid costs, and we're talking EU grid prices!
This, and allow me to quote you, "whatever shit' is just meme material!
Love the "Kaboom" sign on that fence!  



How cheap and, more importantly, how much!
Cause you can have cheap energy for industries like Iceland, but there are only 18Twh of them overall, The US has 4000Twh!


That's exactly what Mikey said also, he invested 100$ to get a few satoshi and earn 20$ extra per month, now if that miner fails...
Fliping burgers 100km away in Sofia and he will be better!

A load of gibberish!

I love how some users here who are supposed to be adults still believe in Santa Claus and the Easter Rabbit.
The Bitcoin community will do this and that, oh really? Have a wake-up call by going into the reputation section or meta and see how this Bitcoincommunity acts, how many factions there are, and how many are at odds with each other, once you have made your fill go in the P&S, spend a few minutes there and then ask yourself if this will ever work!

It's not a week in which we don't have a clueless newbie reaching us how the world will change, how he has seen the light, how...he has copy pasted this and the light is actually making it into a signature campaign...

I used to appreciate the enthusiasm, but now it's just annoying and smells of merit fishing, and of a very hard cringe-like one!
Now I appreciate that there are more users who are calling out this type of spam/merit hunt garbage than ones falling for it!