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2241  Bitcoin / Mining / Re: An honest answer on mining with solar on: February 13, 2023, 12:14:40 PM
This is just my personal opinion, using a solar panel in whatever you use it for, I think it will reduce your electricity consumption somehow. In short, if you use it to mine bitcoin or crypto, I think it will reduce its kWh once you start mining.

Solar panels produce electricity, but they don't reduce consumption!
A miner that is rated 3000W will consume 3kwh an hour no matter what you sue to feed it, solar panels, wind farms, diesel generators, or the grid.

I wish people would stop seeing this as a magic solution, it works for a normal house when you have limited consumption during the night when the sun isn't producing s*** and most of the activities during the day, but with mining is a 24/7 thing, you need batteries and you need a ton of them and you drain them each day killing them faster than anything, ever faster than electric cars. So no, not something magical but something with a ton of costs, unreliable, and without government subsidies just a waste of money in most cases.

OP I am from Nigeria and I am using solar power for my asic miner, solar panels are not that costly anymore unlike a few years back, I started with 6 250 watt solar panels then increase the number as I add more miners including gpu miners, today I can boldly say that it's worth the investment, just make sure you go with a big inverter since you won't be buying twice and keep adding panels bit by bit, before you know it you will have massive power available through Sun energy.

So why not a cost breakdown?
6x250W panels won't be able to feed more than one s9 even at the full sun, so you will need roughly three times more in battery storage, that's 20KWh in batteries at least.
I'm really curious, how about a simulation of running an S19 at 3000W (let's simplify this) the investment and the returns?

2242  Economy / Economics / Re: How Does Debt Crisis Boost Cryptocurrencies? on: February 13, 2023, 12:01:51 PM
According to my Opinion,
1. Bitcoin provides a hedge against inflation as we all know with its property of fixed supply. so that's how bitcoin is supporting the financial ecosystems.

How did that work in the last year?
You simply can't just issue some coin or label some metal as a hedge against inflation if the population doesn't see it as one!
We had inflation peaking in most of the Western world, the result? Drop after drop after drop, the only time we experienced finally a pump brining back prices to  2017! levels were when we finally had news that inflation is going down faster than expected.
So, how did that hedge fare for the last year or year on year? Really bad, because the same people who decided this have come to the conclusion that money is spent better elsewhere. You can't just have something in limited supply and declare it will be the proper tool to fight inflation if we go by that logic every crypto even all those bitcoin shitclones would do a great job, and we see they aren't.

I wish people will finally understand that you can't have them all, you can't have daily trading with high returns and not experience volatility and you can't have something in which year after year you wait and cheer for wall street funds or corporate investments not act just like the stock market does.

2243  Bitcoin / Project Development / Re: Electronic devices that can detect wrong wallet on: February 11, 2023, 03:49:09 PM
Yeah, the TXID should show that it's there, or that it's not if there really was some issue. If both sides are being honest here, it's possible the transaction is just stuck because it was sent with too low of a transaction fee.

Impossible, OP started the topic on February the 9th, claiming the transaction deal was around one week old
On February 5th we had a bunch of blocks from 775142 to 775160 that were not full and confirmed even the lowest transactions at 1sat/kb so if it was sent a week go (February 2nd)  it's impossible for it to not have been already confirmed for four days prior to OP opening the topic.
Also:
Quote
not seeing the coin and not even showing a sign of coin is on process
So probably his friend checked the mempool and saw there are unconfirmed deposits to his address at all.


2244  Economy / Service Discussion / Re: Curious Address - Concerning on: February 11, 2023, 03:39:51 PM
and also anyone can tell why images are not visible on first post

Newbies can't post images: Images in posts disabled for newbies
You can post once you reach junior rank or you pay for a copper membership
For a junior rank, you need 30 activity and 1 merit (I've awarded you one since you don't look like a spammer)
2245  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether reports $700 million Q4 net profit in latest attestation report on: February 10, 2023, 09:54:07 PM
To be fair, when you have in excess of 60 billion dollars, there are two things that keeps them from making even more money.

They have $67.04 billion in assets and $66.08 billion in liabilities, that is if we believe their numbers. So for that $66 billion, almost the entire sum is made out of assets that are supposedly backing the 1:1 USDT:$ value, it's not something they can invest to make more money and it shouldn't is used as such at all. Because if they do so, it's just playing with the user's funds and ending either like FTX or Luna, although that probably won't surprise anyone anymore.
But I have to admit, to see them getting without a scratch though last year and even making more money did come as a surprise.

Am I the only one reads these figures imagining the President of el salvador with dollar signs shining in his eyes. The time is ripe to pump those geothermal crypto mines in el salvador to full operating capacity!

Yeah, as the problem with those is that they are just on paper, vaporware with laser eyes, nothing more, you do realize two years have passed and nobody is talking about it because d'oh! there is nothing to talk about it and it was just another publicity stunt? I'm really getting bored of posting pictures with FSRU ships and showing everyone what's really happening there in terms of electricity, I feel like nobody cares about reality anymore.
2246  Economy / Reputation / Re: Some unusual behavior with merits. on: February 10, 2023, 09:26:24 PM
Funny thing I was summoned in this thread, when I never merited such a user. Not that I should say anything in my defence if it were a different scenario.

My bad  Embarrassed
I mentioned you as an example besides The Sceptical Chymist because I saw your name while scrolling down on those huge images that seem to not end and I didn't realize that it was the name of the topic in which merits were sent not the sender:


So, can I have my one free summoning ticket back?   Roll Eyes
2247  Bitcoin / Bitcoin Discussion / Re: People will choose bitcoins more if the number of cryptocurrency option is less. on: February 10, 2023, 09:18:16 PM
Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?

Obviously!
If you have only two types of ice cream in the shop customers will for sure buy more of those brands than if you would have 100 different types.
The moment there are multiple coins in which to invest even if the majority would keep most of their investment tied to bitcoin they will still spend a few $ here and there on altcoins, so cutting down that supply would for sure drive more money into BTC

And there s another thing, some choose to invest in other tokens because they know that if they are lucky they will hit the jackpot, there is no way for BTC to get the same return as some of these tokens, for example, Shiba Inu went 46,000,000% in 2021, so some are thinking of selecting 100 coins, putting 1$ in one and if just one does the same they will earn far more than they could earn from BTC. At the same time, they could earn -100  Grin, but that's another story. If those opportunities would not be there the 100$ would go to BTC or at least a part of it.
2248  Economy / Reputation / Re: Some unusual behavior with merits. on: February 10, 2023, 07:56:23 PM
I don't know what brought this to my attention, but there are many users here on the forum who got merits unusually. I can bring many examples (like we saw some account farming busted in the past years).

Don't and you could have not mentioned the account farming here at all when we're talking about old users and merit sources, and you obviously know it's not the case, is The Sceptical Chymist or fillippone or our beloved AI growing any kind of accounts here?
They are merit sources, they find a good post by someone, they realize this guy deserves more merit, they go through his history and spend a bunch of merits. Nothing special.
2249  Economy / Exchanges / Re: Bitcoin ATM Operator Coin Cloud Files for Bankruptcy on: February 10, 2023, 07:35:15 PM
~

Eliminating the out and out owners taking money out of the company. If they bought a lot of BTC during the 2021 runup ATH they might have wound up selling a lot of it at a massive loss.
As a person you can DCA a lot of things, as a business that is in so many states / locations they may have actually been selling $55k BTC for $30k or less. And at that point you really can't afford to buy more since you are now in a loosing situation.

Wait a minute, why would they have bought and held for long term any kind of cryptos in the first place?
They are just intermediaries between the exchange on which they buy and liquidate coins depending on the order received at the ATM, even assuming each of those would get more than 10k a day which is highly improbable they would still need to hold at any time more than 50 million in assets at any time, and they would keep adjusting those as the orders flow. They are just munching on fees, they don't have to stock up on anything, if they want to invest they could do that with a separate business but not throw operational funds at that.

Add on some inflated salaries and too much staff and it's not that hard to get to big numbers quickly.

This one might be indeed, maybe some secret headquarter in a penthouse in the Bahamas also?
2250  Economy / Economics / Re: The fear of global recession is real or just a speculation? on: February 10, 2023, 07:20:38 PM
After we have battled the pandemic and not gone extinct, survived the great toilet paper shortage, and managed to survive without cooking oil,  surprisingly we here in Europe haven't yet frozen to death, we have been able to avoid eating our pet hamsters, managed to survive another wood, lumber and coal shortage, seems like even the egg crisis will go away and despite the fears of bankruptcy and recessions the EU economy is still growing (inflationary adjusted), how could one that has witnessed all this fearmongering and all the experts predicting a billion crises feel?

Quote from: Sayeds56 link=topic=5439201.msg61735614#msg61735614date=1675951827
The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake,

How do you deal with earthquakes? Besides, do you have any source for that increasing number and frequency?

https://ourworldindata.org/grapher/earthquake-deaths?time=1950..2017
https://ourworldindata.org/grapher/decadal-deaths-disasters-type?country=~OWID_WRL
https://ourworldindata.org/grapher/economic-losses-from-disasters-share-gdp

If that's not recession, then I don't know what is. Iphone is simply the best electronic device that everyone wants to buy but somehow people can't do that. That's because they have to pay for their rent, food, water etc and there isn't any money left to buy an iphone.

Look from all angles:
https://ycharts.com/companies/AAPL/revenues
- it went down 5% compared to 2021 but it's still 5% bigger than 2020 and 30% compared to 2019.
Leaving aside the lockdowns in China, there have been already signs immediately after the launch of the 14 that a lot of users will simply not upgrade just for that, iPhones are optimized to run easily and no 13 users are experiencing any hiccups so a lot of them are deciding to upgrade less frequently, my father is still happy with his first one, an xs and doesn't plan on ever changing it unless it breaks.
Apple will need to adjust its business model, this is not 2014 anymore when you could double specs in two years.
2251  Economy / Scam Accusations / Re: Colelcting contact information by the name of Job applicaation on: February 10, 2023, 06:45:42 PM
I don't get it.
There are hundreds of ads for call center jobs, for virtual assistants, if you accept the job wouldn't you at one point still have to provide them all the data they ask for, phone, skype, email, name? The guy seemed legit, you said no, he said ok and that's it if his target was to gather your data he would have probably insisted, and furthermore, probably had made a far more attractive ad and offer, right?

That being said, ..., how did you end up applying for..
Quote
Responsible to post NSFW pictures to reddit and other sites for marketing /promotion in the adult industry.
before I could get the job?

2252  Economy / Exchanges / Re: [2023-02-09] - Crypto exchange Kraken ends staking programme and pays $30mn in.. on: February 10, 2023, 06:35:20 PM
This is starting to get ugly for Kraken, one small step at a time
- 30 million fine which is easy to pay but a huge chunk of revenue and customers gone
- IRS  again filing for a court approval to check the user's finances and tax liabilities
- exiting Japan and now Abu Dhabi

The surprise came from Coinbase, as they obviously are going to be next and they are already on the offensive, but there was one tweet from Armstrong and one tiny phrase that caught my eye:
https://twitter.com/brian_armstrong/status/1623459203150131201

Quote
Staking is a really important innovation in crypto. It allows users to participate directly in running open crypto networks. Staking brings many positive improvements to the space, including scalability, increased security, and reduced carbon footprints.

And it immediately backfired  Cheesy

2253  Economy / Reputation / Re: Discrimination against bounty hunters on: February 10, 2023, 06:13:17 PM
There are two kinds of bounty hunters. There are those who ONLY do bounties and nothing else. You can recognize them as accounts having hundreds and thousands of posts without a single merit. And there are bounty hunters who partake in bounties and use the forum the way it was intended - talking and reading about Bitcoin.

The first group are a problem. Not a problem as much as they are useless to the functioning of the forum. Imagine going out with 5 friends. The four of you speak with each other normally and discuss various topics. The 5th one doesn't take part in your conversations, but he is a nuisance because he insists on barking out random words and sentences.

I don't think it's really accurate or fair to split them like this.
There is a group here that is interested only in bounties and that isn't making a single post outside the bounty section, all they do is post their proofs and sometimes argue about not receiving payments, they don't interfere at all with the other discussions in other boards. I think those are not doing any harm at all, as long as you have the altcoin section on ignore you will never know that they exist, so I actually have nothing against them at all.

The most troublesome are the ones that enter bounties that are required to make posts on other boards, often in areas where they have almost no clue what they talk about since most of them are not actually dealing with bitcoin at all but most with ETH or BNB and their tokens, so they don't even know how bitcoin works. These indeed, are really annoying, especially when they use translation and don't bother to read replies or go into necro-ing 5-10 years old topics. This is a different thing, but it's not only related to bounties, the yobit spam is proof every campaign bad managed can trigger such an issue.

So, maybe three kinds of?
2254  Economy / Exchanges / Re: Bitcoin ATM Operator Coin Cloud Files for Bankruptcy on: February 10, 2023, 05:49:58 PM
The company's largest creditor is Genesis Global Trading, which has an unsecured loan of just over $100 million.

Oh god! This shit is going out of control, just when it seems as it stopped for a moment there you have another one going bankrupt who owes money to a company that just filed fro bankruptcy, Gemini will have to cough another 100 million to bail out Genesis again just two days after the first batch.
How, just how do you burn 500 million dollars? How the hell do you manage to waste $100k for each installed BATM?
From the filling seems like they haven't paid a lot of shop owners for the rent, maybe? I see a lot of names there are for sure gas stations and chain stores.

Not sure how this work but why is every state listed there in the creditor matrix, taxes?

I do hope that they survive as well, but there is another "problem" with them (at least for me) : they are often located inside some other business and not right outside on the street (I used BATM in several EU countries and never saw it right outside) like a regular ATM so when you need money in some weird hour or during the weekend, you may not be able to access it. And that should be one of the main ATM advantages.

It's because of the risks involved, you might have a gang buying 50k of BTC, grab the coins and then blow the ATM and there you have it, and nobody is ensuring these at the same rate as banks do. Plus, a lot of them are really cheap stuff, not even close to the normal level of protection a normal ATM has, I saw one of those getting refills and I could probably bend the inner case with a simple crowbar in one swing.


2255  Economy / Service Discussion / Re: Curious Address - Concerning on: February 10, 2023, 05:10:32 PM
Thank you for all your kind responses, unfortunately it does seem it’s a scam how would I report this website to ensure this doesn’t happen to anyone else?

You contact
- domain register, Namesilo,  abuse@namesilo.com https://www.namesilo.com/report_abuse.php
- actual hosting company OVH GmbH,  absue@ohv.net https://www.ovh.com/abuse/#!/
You file a complaint with your local pice or cyber crime branch if you have one.

That being said don't expect anything from that domain registrar, maybe the host will do something but that depends on what proof you send them and your overall story. For the police, they will have to act, but with the time it will take they would have already abandoned the website by then.
2256  Economy / Economics / Re: Open AI CEO says his tech is poised to "break capitalism" on: February 10, 2023, 04:54:29 PM
Quote
Marx's Revenge

Revenge, or blodbath!
The millions of people that died because some idiots believed in his utopian dreams had been enough to make his soul never find peace.

Havent you watched Black panther? Pretty much science in that movie is basically calculated by AI and humans are only creating whatever the AI calculated. Yeah I know its just a movie but basically the world as we speak will always head to the future so there isnt 0 possibility that we might not be heading to a future where everything will be generated and designed by AI

Have you watched the Jetsons? I'm still waiting for that flying car that was promised to the whole world before I was even born, yet all those promises are broken, all the IoT hype has died down, and suddenly because they've managed to create a piece of software that can write articles from data inserted in by humans, thus making the same human errors we again are facing another cultural revolution.
Replace workers? There is already a dire need for high skilled jobs in the EU , with as many as 700 000 need in Germany alone, every company has a problem getting employees and people are speaking about a 50% cut in the workforce.

Automatization of repetitive tasks in which humans are prone to mistakes is one thing and it has happened since the industrial revolution centuries ago, having an AI tell people what to do and how to do, that's different thing

If so, how does it actually break capitalism? On the contrary, it actually reinforces capitalism. It boosts capitalism. If huge companies in the future would no longer hire human beings for manual labor and other skilled jobs, it doesn't put capitalism in a disadvantageous position; it actually drives it forward.

Shh, don't tell commies that.
They might remember how they built their commie societies in the first place. You take everything from the rich guys, which means money, business, properties, and things like..capital..ups!!! Grin
2257  Economy / Economics / Re: The lies about "If invested $1000 during IPO for MSFT you would have made $1.6m" on: February 10, 2023, 04:38:02 PM
The lies about "If invested $1000 during IPO for MSFT you would have made $1.6m"
~
Let’s make some most ideal outcome, assume we achieve the bestest ever outcome[/b], we have US 200m population in 1986, say 10% population is 20m capable adult invested each $1000 into msft, each of them to be worth $1.6m after some 40 years... let’s do some simple maths.

The title was about a person investing, it didn't claim if everyone had invested everyone would be rich making millions!
If every single person in this world would have invested 100$ in Bitcoin in 2009, then the market cap of Bitcoin in 2009 would have been 800 billion or twice what it is now and nobody would have made a penny as it is!

Microsoft IPO raised $61 million, so do the simple math from that, not on how much could have been achieved if everyone would have poured $1000.That's how investment work, some invest and get profits, and some stand on the side and criticize things and try to find a flaw 30 years later, nothing different from Bitcoin.

2258  Economy / Service Discussion / Re: Curious Address - Concerning on: February 10, 2023, 03:16:13 PM
the website is called Bonzer trade.

If it's bonzertrade(dot)com you can be sure you got scammed.
A wordpress website without any info, fake reviews with pictures grabbed all over the internet, no adress, no contact, unable to spell even basic words like "METHODLOGY", but at the same time claiming shit like this:



Quote
We reserve the right to change the rules, commissions and rates of the program at any time and at our sole discretion without notice, especially in order to respect the integrity and security of the members’ interests. You agree that it is your sole responsibility to review the current terms.
Don’t post bad vote on Public Forums and at Gold Rating Site without contacting the administrator of our program FIRST – whether or not there was a technical problem with your transaction – always CLEAR the irregularity with the administrator.

Yeah, lol, ToS is just laughable, put there only to scare people off if they dare to confront the ones running the scam.

What is KYC, I’ve already emailed them to discuss this as I was obviously concerned.
https://en.wikipedia.org/wiki/Know_your_customer
Basically, you'll be handing some scammers your documents and most likely you're not going to see a penny back.

So, how did you end up on this website?

2259  Economy / Scam Accusations / Re: Wiped up tokens by Scammers on: February 10, 2023, 02:56:07 PM
I lost wallet address and instead of Luno helping me recovering it, they end up wiping my remaining investment and put me wrong user information which i was not able to access my coins.

I'm pretty sure you've got scammed by a fake support account here, isn't it?
How did you contact Luno to help you recover your funds?

In another occasions, I was trading quietly on Hantec when I decides to involved myself with their investment platform where they offers me a lot of interest, I was so excited that it was keep coming, so I summoned mind to increase my investment on bitcoins with them, I put both my capital and all the interest I have earned from them, then after a while an issues system glitch came onboard, from that I was able to access my account, before I could realized the site is shut down.

There was no system glitch.
The scammers saw that you weren't going to deposit more money for your fake gains that never existed, other people weren't depositing either and so they decided to shut down that site and open another one to lure more victims.

I think you are not using trusted platform on your trades. I never heard about an exchange name Hantec. Where do you get this kind of exchange and are you not familiar on Binance?

I suppose it's Hantec Markets, it's a FCA licensed fx broker, but I wonder if  OP used them and not a clone, or someone impersonating them, it wouldn't be the first time:
https://www.financemagnates.com/forex/regulation/fca-issues-scam-warning-as-hantec-markets-site-cloned-twice/
2260  Economy / Economics / Re: Cash must be king, Giorgia Meloni tells shoppers on: February 10, 2023, 02:14:33 PM
Crazy women that wants to throw Italy into stone age. Today she does not like cards, one of most convenient payment options, and votes for cash, tomorrow she will say that linen bags with gold is more suitable, then we will go back to direct bargain such as item vs item.

Who said anything about sending Italy to the stone age?
Nobody is banning any card payments it just raises the limits on how much you Can pay with cash, and Italy had lower limits than a ton of countries in the EU.

Italy had a limit of 2000 that Meloni wanted to be raised to 5000, Germany, Denmark, Austria, and Ireland have no limit, and what's more interesting, there is no limit in Sweden either, which is the most cashless country in the world right now.
https://www.europe-consommateurs.eu/en/shopping-internet/cash-payment-limitations.html

This is simply astonishing, we're here on bitcointalk where we're supposed to talk about freedom of your personal finances and you're here criticizing somebody that wants to allow you more options for payment and no limits. How does this work?


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