Nothing, we just pay more and I might start mining again with all those juicy fees! 
If the fees stay high it means there is still usage, so people keep paying, just as how it happens with ETH, it will be bad for the ones doing transactions on the chain but at the same time it will have a positive effect on pushing more LN adoption. One more positive fact is that it is driving franky1 mad, as seen above!


Highly unlikely to see any change, after the block size war nobody will try to open that can of worms again, especially since it would mean actually acknowledging a bit of what big blockers were saying is true. The only other thing is to ban ordinals, but that opens another box, this time it's Pandora's turn. So, the users will have to adapt or at least wait till the hype will die, which I assume will be faster than most expect.

Since Binance introduced KYC in 2021 and had basically no limit on trading and moving funds if you hit one of them you could simply have a new account in your dog's name I'm really curious how are they going to try to avoid this cause one thing for sure, even if they wanted to show something they don't have anything at all.

Seems like they're getting ready to steamroll them, the whole BUSD was just target practice.
If they will manage to convince the SEC to ask themselves for this it will be really and for Binance, this letter they can still ignore this as it's just a request, if Gary signs the next one, it's going to be different.

And the deficit is going full steam, numbers from February are in:
Russia’s Oil Revenues Plunged By 48% In February


So last year they made 970 billion in February alone last year while this year they've made 940 billion in two months.
And, last year they still had a deficit of 2% even without committing fully to the war, having sky-high oil and gas prices and coming from a period of economic growth of 5% in 2021.
And it doesn't stop here:

They are actually selling both gold and yuan to prop their currency as capital outflow still bites, even with a blocked fx market and ist's still creeping up, from a low point of 54R per $ when gas prices hit their minimum levels to 75R per $ now.

But yeah, everything is fine! I've heard that in 89 and 98 also!

Gadaffi didn't do anything special, it's just a myth that has its base on the price of oil.
Gaddafi was in power since 1979 nothign was special before the huge increase in oil prices and it followed the same patterns as developing countries with medium to high-income comign from oil and gas.
https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?end=2021&locations=LY-RU-BR-KZ-MX&start=1994



Again, myths about how great of a leader he was. Chavez had the same story, great times while oil was high, once it wasn't anymore the country went to poverty levels.

If FUD is mentioned then for sure it's real!
Lately, I've seen this happening so many times that I know when bitcoiners scream FUD is as clear as the sky is blue.

So, we have a report from January they sold assets to cover an enormous 8.1 billion withdrawal, they have laid off 40% of their workforce, they have shelved their plans for a stablecoin at a loss with millions spent on developing and now they have asked for a delay in publishing their annual report and are asking another audit firm to do the job.
https://www.sec.gov/Archives/edgar/data/1312109/000110465923027353/tm238251d1_nt10k.htm


How do you call a bank that is less than well-capitalized?
FUD? No, a clear statement was received by the SEC of their estimated losses and further losses as well as the inability to produce a report!
95% loss currently in one year from the highest point.

Please don't go with this standardized cost of mining.
This is just a gimmick invented by some bored blogger who had no article to write to make his quota.
You can read what other miners, not just me  think of it here:
https://bitcointalk.org/index.php?topic=5405856.0

Here on this board there are members with a far lower mining "cost" per BTC and I was one of them too prior to my contract expiring which had way better rates than anything you can possibly get in Europe nowadays. There is no such thing and for sure it ain't in some 25% margin, there are some who average spend 1/5 of a BTC to get one and there are some who mine at break-even point because if they don't they will have to sell all their assets to cover credits and loans.


Of course, buying gear when it's 5x times cheaper is obvious, the thing is that not even that alone can sometimes offset the energy prices.

Let's look at the 7 to 5 cents difference.
3000W running 24 hours is 72kwh, in one instance it is $5.04 in the other is $3.60.
Earnings right now are at 0.06 per th/s so that's $6.60 per miner.
The first miner makes $1.56 second one makes $3, 25% drop in price, and the first miner mines at a loss the second one still makes $1.4.
Same for a difficulty increase with linear price.

Also note, it's not that I'm telling you my crystal ball is 101% sure you're going to lose money, what I want to point out is the risks of doing so and if the KYC thing and the DCA income are enough of an offset for the pain in the ass those miners might turn out to be. Canada you say, so no much of a heat issue but noise and maintenance will still be around.

So let me get this right
- you have earned a lot of money at a casino
- they are requiring you to send 10$ from your wallet to "verify" you!

Can you share the casino name, cause I have a feeling you're about to get scammed as this verification makes no sense, everyone could make an address and furthermore they could have taken those 10$ from your earnings!

No!
It tells you that buying gear now with electricity at 7 cents/kWh is really risky.
People that have access to cheaper gear, that have already ROI, that have cheaper prices per kWh don't have the same problems as a new guy, not forgetting the ones trapped who have already paid in advance a lot of stuff who would just lose more money if they would stop mining.

With a hashrate increase of 10% last period and maybe again going positive for sure mining is not dead, but the profits from it are really anemic soon to be hospitalized 

Depends on what the balance sheet is made of

but, how much of the rest are in Genesis assets that now belong as well as the debt to DCG ? The 1.2 billion lost over 3AC, combined with sec inquiries into their business, the selling of Grasyscale shares by DCG at a discount, it's worse than the 20% might sound.

They are running out of cash and the only thing that is right now bringing in money, Foundry, is not really having the time of its life with the income miners get nowadays.

You have missed this thing:


There were just a few days of low fees with 1sat/b after 20 days of high fees, something way higher than before.


Funny enough, his wallet suggested a way cheaper fee. 
I guess he looked at the last confirmed fee, for a few moments of fast blocks indeed a 10sat/b tx got through, but right now we only had 2 blocks in 60 minutes, so even mempool.space might have been misleading an hour ago.

Mainstream as in every average Joe using it daily? It needs:
- less volatility
- way cheaper transaction fees (than now), yeah, including opening a channel in LN, 30 cents might now be much but make that 2 times a day each month and you have 10% of minimum wage on nearly two continents.
- a ton of education that the average Joe is not going to get this decade
- a ton of knowledge on how to keep your funds safe the average Joe will not get either.
- the average Joe to stop hoarding it believing it will get 100x by December and actually using it

Cards are considered mainstream but from what you can see in Nigeria happening now even these have problems getting used by the majority of the population, Bitcoin is one step further away as you need more than just swiping a card at an PoS.

But the biggest problem which has obviously no solution other than entrusting your funds to a 3rd party is that a lot of people really don't like to be in charge of their funds and love to have a guy they can call when a problem arises. Despite how much we love self-custody here and considered it one of the key points in the strength of BTC one also must admit not everybody sees it this way. And simply there will be always some that they will not touch it because of that.

 

So in 250 days, you would have earned $3700 (I went with your numbers) and spent $2500.
That means you need 750 days to get the investment back and from there you start your profits, that is if there are going to be any since we're going to have a halving in the meantime. And assuming the price would double by then, then you also need to take into account that you have bought those $3700 worth of BTC now!


There are other ways to avoid KYC, especially with these low amounts, since you're going to get like $500 a month.

Yeah yeah, the blame game!
If the evil franc is so bad why countries that have abandoned it like Madagascar, Mauritania or Guinea are even poorer than some who are still using the franc?  Oh but wait, we have other success stories from outside the evil influence of the evil franc, Mauritania, Congo, Angola, and Zimbabwe they are doing so great without the franc!

Reality check:
https://www.dw.com/en/africas-cfa-franc-colonial-relic-or-stabilizing-force/a-48908889


The criticism is from the government which just wants the ability to print money, they want to devalue their currency and they can't do that, this brings stability but it also stops their inability to throw money away and the inability of doing anything without borrowing like mad, showing their utter inability to run the country.

I find it so amusing that while we praise BTC adoption there are individuals that would love to ee each government printing money like mad like this would solve a thing, do tell me, what will change for them if they switch from the franc to BTC ? Will they gain any "independence" ? 


Yeah the famous gold dinar, except for the fact that Lybia had only 5 billion in gold reserves, so comparing this to something like the annual budget of New York which is 100 billion or the 400 billion Apple makes a year shows you pretty much how ridiculous that was.


No, it's not!
It's just like those stupid numbers with 20% of Turkey owning crypto and 15% of the US owning Bitcoin, clear exaggerations since the blockchain data clearly refutes those but it also brings another thing into the equation, the amount those people would be holding.
It's data pulled from
https://triple-a.io/crypto-ownership-data/
You can dig in that data and look at the numbers and it would show you the US holds at least 400 billion in crypto, then go to Europe add another 300 billion and what's left for the rest of the world if we count out Satoshi is pennies! 

Pretty nice things there, but the best is Somalia beating Salvador in crypto owners percentages or Honduras topping Switzerland. 

How things go downhill so fast:

Mercado Bitcoin issues a token on Stellar Network, controlled by the government and on top of that we have
full house, royal flush of stay away from this thing.

And we find some new interesting thing from them, the most important being the Bitcoin is not a currency!


Funny coming from a government whose currency lost 70% versus the $ in the last decade. 

How they want to make something special out of some no news.
The thing is that the spike from 19999 to 20001 created more millionaires than the spike from there to 39999.
Why the 999 numbers?
Easily, all those new millionaires are because of the no less than 36,767 addresses with a balance of 50BTC and a few satoshis most of them with the untouched reward from the early days of mining.


It's not new millionaires, those were millionaires even in 2017 and in 2020, and a few thousands of those addresses actually belong to Satoshi and other early miners, so you could cut that spike of 30k easily by a factor of 10 to get a number closer to reality.

You have a completely wrong image of the climate in Europe, probably watched too many Christmas cartoons or listen to some crazy propaganda about us freezing to death in our igloos or something. Europe is not that cold frosted place in which you stay in the dark and cold under 10 meters of snow for months, not even the northern countries are like that.
Seriously, this shit needs to end:




Iceland is part of the EEA, EFTA, and Schengen, it's not isolated at all, more like almost fully integrated and it would be a member of the EU if it weren't for those fishery disagreements, the only real reason it's not willing to join the EU, and that might change since now the UK is out of it, the main reason for the disagreements. 

You and your fudge! 


So it recovered 30 blocks in 600, that's a 5% pace if we exclude the first day.
If we go with the next value, it's 18 blocks in 200, that's way worse, nearly double.
Current 24-hour pace is 169 blocks according to blockchair, making it again worse than the previous.

So, I think I really need to shut up babbling about limited hashrate growth, the madness doesn't really look to be out of steam.
This is from Bitfarms:


I doubt there is any Ukrainian mining farm online, they are rationing electricity as much as they can, and no way with main cities in blackouts would they allow a farm to keep running. Besides, the drop actually happened at a moment of relative silence around there with no raids or explosions happening, it got worse today, but this would coincide with a spike, not a drop.

Oh, look who's back, the 2.5% daily then 300% returns in a year scammer.


Please do tell me what I might have misunderstood in this
https://bitcointalk.org/index.php?topic=5402841.msg60373968#msg60373968

Let me give you an example:



WATTUM "Largest cloud mining company on the market" OH REALLY?
How nice of you, bringing another company with a scammy past into your business conglomerate.
Oh, and yeah, I'm one of the guys that reported your spam that ended up in the trash, thank me later for that!

Since he already said he lost money, it's obvious the culprit here is the same as in gambling, it's called Chasing losses.
He wants to desperately recoup those losses and he thinks he can make it big, (lol at the x10 in a year), same as gamblers, raising the stake with the hope this time will definitely work. Of course, it's less risky than a bet but at the same time, it might now produce the results he hopes for. Not even mention that from the start he will get less money for that gold and he will have to pay a lot more to get it back, and...the family issues. I personally wouldn't want to run into my mother-in-law for a while after this.

Also, from another topic:

This is going to end badly, that is, if it's real!!


And if he had bought at the end of 2017 waiting for a x10 he would be single by now!  
Oh, and furthermore, why don't you sell all your jewelry and your wife's jewelry like the OP now?


 

Nice, now take a flight to Pyongyang and explain to the people there how a totalitarian regime has no power over bitcoin.
Do share with us the experience when you return, that is, if you ever do!

A lot don't understand that Bitcoin brings you the freedom of not having to rely on an untrusted 3rd party, it's not an unbreakable shield by a totalitarian regime that is ready to throw you in prison and kill its own people, the freedom of using Bitcoin is because you are allowed to have that option in a free country in the first place, once that ain't a guarantee anymore any kind of freedom goes away.
There are a lot who don't understand the abuse of power a dictatorship is capable of, it's easy to say that while you're talking on a forum from the safety of your house in a democratic country, do this thing out in the open in another and see how it goes!


There are tools for voluntary disclosure and donation of assets, Jack Ma is the prime example among thousands of how those things happen. As the OP you start with the premise that the secret police in such a country will somehow respect your privacy and rights and not pull a gun to your child's head and tell you that you have 10 seconds to remember what your cat eat exactly 147 days ago!