That's not last September, that's when the article was updated.
Cambridge, which is the main source quoted there stopped doing any kind of regional research at the end of 2021.
https://ccaf.io/cbnsi/cbeci/mining_map
The 21% number is an approximation from December 2021!


You see this is why I love the contradictions people keep falling for in this field
On one side we have the pitchforks lighting up when we talk about bitcoin energy consumption as we compare them with Christmas lights and then we claim it's impossible to make an attack because it requires a lot of power which no country has...so...which one?

First, there is a mistake in the percentages, they don't even need 50% of the current hashrate!
They could simply buy 3 billion worth of equipment (resell price) so way cheaper produced and with that 30% added they would force a ton of other miners in bankruptcy, taking over the hashrate pie, so rather than adding 600exahash to subdue the current one they could simply replace them by bankrupting and making mining less profitable for other miners, while still making some money.
Instead of 600 exa costing 12 billion in gear, it could theoretically be done with half of that, again at resell not producing cost, Beijing municipality has a 110 billion yearly budget!

Tell me about it, 5 bets lost because I only focused on the second part, I nailed the podium twice but had Max as the winner, I guessed the points 2 times but again with Max winner,  and the only time I didn't pick anything about Redbull I choose both Ferraris on podium.

Anyhow bookies are not impressed, Max still has a 1.16/1.08 ods on next race, So I guess i'll go from now on with head-to-head between Ferrari and McLaren for both cars and pilots.

Blackjack user: stompix
Picks 69 and 25!

One billion people who are interested in or trust Bitcoin won't move the price one penny up if they don't buy one satoshi!
The thing is pretty simple, you need money before anything else, that's why you have some shitty coins in top 50, and that's why you have coins valued in billions despite everyone knowing they have no chance of ever replacing Bitcoin or thrust that in 1 year they will still be there, but you have investors who think it might be profitable, and this is how we have shiba inu in there!
Trust, adoption, publicity, hype, it's all about the $!


You're telling me that Berkshire decided to put all that 180 billion in cash it's sitting on in Bitcoin won't move the price to 100k? 

Common, we have ninjastic which scraps all posts, if there would be any abuse anyone could just open a new topic and point them out, it would be far worse for Blackjack to do something like this, but with that nutcase polluting the topic it was becoming impossible, not even mentioning his writing style that really pissed me off, had him on ignore and of course, there were guys quoting him.
To be honest I'm surprised he hasn't already tried to pollute this topic too.

Anyhow, good luck with this new one, ..or is it a bad omen to wish somebody good luck at betting? 

Only explanation I find plausible is that those new runes can be minted by users, just download a wallet that supports it ( seems like xverse is one) and you can do the mining of an already launched and minable rune but the wallet is giving you an estimator for that, so might now be a surprise that some user decided to mine some and the estimator got it wrong, then the next guy would see the same misleading estimate and you have the rat race going on.


I  seriously don't understand some exchanges, they pay like 5 times for a consolidation that is just pennies while at the same time they have some transactions in the pool sitting there for almost 3 months at 5 sat/vb with each of those being 10 times in size speaking of the funds they get from it, so....god knows why!

There might be some legit cases when a whale deiced to cash out of a gambling site or so and there aren't enough funds in cold storage and you need to grab all inputs from small deposits to not risk pissing off a VIP but I think those cases are one in a hundred thousand.

Anyhow, a bit disappointed about this weekend, we had Labour Day, Eastern Easter a prolonged weekend, and still high fees, I would have anticipated 12-13 sat/vb not that it's consolidation time even with those.

I was going to stay out of this although probably I am going to be labeled one of the evil backstabber that icopress ordered to distrust you, not that I care or that there is even a tiny bit of truth in that but going through that wall of text, I am genuinely asking you, and I am dead serious on this, why do you do this kind of s*** as the one below?


Yup, that looks like an attack, the problem is, that you quoted only half of the message:


And now much like the rest it stops looking like an attack, right?
So why do you do this kind of ***, if you accuse somebody of being manipulative you know the moment you pull this out anyone would stop taking you seriously, just like it has already happened!

But I suppose we must have some forum drama now and then, what the fuck we would do with a forum where everyone just plays nicely with each other, we don't need that dystopian utopian garbage.

M63 has
- 334Th/s , at 5 cents per th/s that's $500 a month
- 6.6KW, at 5 cents per kwh is $240
How did you get 1100 in profit per month?

Take a mortgage on your house, and buy Bitcoin with it.
Convince another 1 million people to do the same, if it's not enough convince another 1 million.


Yes, there is and that makes it like 99% of the reason the price goes up, you put more money in it, you buy more and if everyone is buying the price will go up, that's how the economy works, nobody gives a damn about the features if there isn't more money inflow that outflow no feature or technicality will keep the price up.

There is nothing on this earth that can grow more valuable without having people ready to throw money at it.

Is there anything left to bet on these races unless you go just for the fun of it for over 10 or god knows 25:1 odds?
Betting on Max for everything gives almost no returns whatsoever, the fastest lap, winning margin, for a serious return bet you need to look at what the other guys do, Leclerc has already screwed me twice on a podium bet, Max winning and Leclerc podium is 1.53, I would rather pick Sainz in the top 6 for just 1.45 despite their performance the other day.

So what combinations do you guys still bet, podium, points, or versus?
I need a motive to cheer for some other guy and I can't find one.

So, did I finally get some bits of a prediction right?
Seems miners are far more resilient than one thought:
before the halving, the adjustment was to 86.39 T   
immediately after the halving we still got positive, 88.10 T
current estimates are at 85,0X T
this would make the drop slightly above 2% from the before halving one, and with income dropping (according to charts) to 4.37 cents per th/s, I'm starting to believe that I was right with some large miners being trapped into this game and ramping up operation because stopping would bankrupt them instantly so they are betting everything on the future prices.

Of course, speculation on how much new and more efficient gear is already in place, but I would be surprised to hear more than 1/3 is below 0.02j/Gh.

Luckily for some miners, there are still runes being minted.


Hope you're getting better by the day Phil!


 

Nobody is stopping you from opening a LN channel, the thing is that Coinbase will not allow you to fund or withdraw from your account coins via LN if you're in NY or Canada.
It's not about bitcoin being decentralized it's about Coinbase choosing on its own who to allow to do what, permissionless and global are meaningless when you deal with a centralized service

.

Yeah, that stupid government, oh for god's sake let's stop with this non-sense.
The same government that has no idea how crypto works has created both SHA2 and TOR, while 90% of the crypto users claim to understand crypto better than the government and have no idea how to select the fees they pay for a tx nor do they know what's the difference between a node and a miner.

They don't have a clue about it but they were able to take down services and trace individuals based on one tx for a Walmart card while crypto users are failing to address poisoning copy-paste attacks yet yeah, they are the stupid ones.


So the government that controls everything wants to make crypto securities but they can't because...they don't control everything.
Why do all these theories lack even one tiny bit of logic?

I wonder how one of those clueless miners would have reacted if Ocean had mined a block now and instead of getting 8 BTC like Antpool and the rest that got lucky the reward would still have been 3 and a bit BTC. For a pool that mines a block every week throwing away sometimes a 200% of normal revenue down the drain would be a clear stay away sign.

But still, I cheered for Ocean once, it would have been damn hilarious for them to mine the halving block!

How would they score 1T, such an attack will only make losses, them having 51% of the mining power doesn't mean they own the coins, at most they can harm the value but there is no financial gain in this unless they double-spend.


I think this is something a lot miss when somebody is buying 100k worth of Btc that money are not really in some bitcoin fund, the actual money is in the pocket of the guy who has sold that BTC to you, and by the time you move your coins in cold storage they could have already been spent on hookers and Lambos, and funny enough, they moved not to the lambo but to the pocket of the guy that sold it, so the money is no longer there, it's just a price tag that somebody else might honor but again, it needs money for it.

That is the reason if MS loses its coins you won't see the economy taking a 10 billion hit neither would a fall of NVIDIA cause a global recession on its own. Much of that 1.5t is in unrealized gains, money that was never there in the first place.

I wouldn't trust a word that comes from somebody who is actively spamming for Bitget here nor would I trust an exchange that fakes user activity with these posts! Seriously quit this bullshit, if you want to run a promotion do it openly like the others!


Or like in the case of Binance, be one with a reputation that immediately quit when they took a look at their finances and removed every previous statement. All these proof of reserve, insured accounts, reserve funds, SAFU are just cheap marketing tricks.

I think it depends on the boards, in the BD sections or the Economics they just look at the OP, in the gambling sections mega topics they just rephrase what the last poster was saying and that's it, no way spammers would waste their time watching enough football or basketball matches to actually know what they are talking about.

Anyhow, I don't see how the idea would improve anything, spammers ignore warnings about old topics and still necrobump them, no way they will care about another tag.


Eh, that's about the move to epochtalk having a budget bigger than some gaming companies and being in development for a decade.

1. Yeah, pretty simple if you're willing to spend enough.
2. What technical "implications" it's a 51% attack, it happened before on a number of coins, we have the precedent
3. Zero
4. A big dive followed by a migration to the next best coin, and the revelation that the majority is interested in the returns now the coin
5. You're overreacting, nobody would really give a damn, 1.5T in market cap doesn't mean 1.5T in wealth for the US, even now at least 70 billion out of those are locked in Satoshi's wallets, more are lost, a shitton is held by other people in other countries including China, as for rattling the world economy, common...Bitcoin lost 3 years ago 1 trillion in market cap and it wasn't the end of the world.

Seems you got lucky, somebody else got tired of waiting and decided to pay over 2000sat/vb in a CPFP tx:
https://mempool.space/tx/ef5ecc933d4caab8142b4357b1eb8f2f11ec027053b26012e097bb95f3001544


Electrum, you're always in control and can decide how much you pay in fees.

When you need $10 for each address you try to lure into this scam it suddenly becomes really expensive to launch such an attack, plus the lack of activity, on BTC people don't deal with the other 100 confusing tokens and airdrops.
There are cases of the same kind of attacks with BTC but it's all a matter of how profitable they are.


It's just 70 million, let me copy the address from the history, not check it once more, what could get wrong, it's not like it's such a big sum anyhow, right? Probably the spammers are just as surprised as him.