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2361  Bitcoin / Mining / Re: Air conditioning and miners on: January 25, 2023, 04:48:22 PM
As far as I know running s9j pro it runs 24 hours a day, and will provide you with something 46$ a day, and that's around 1900$ a month.

2021 wants its miner profits back!
I assume you're talking about the S19 pro since for an S9 the whole thing is ridiculous, but even so, the S19J Pro gets 100Th/s , at the current income of ≈ $ 0.0737 per TH/S that makes $7.37. So about, 1/6 of what you thought!

I went to engineering school and I learnt that air conditioners are very bad for electronics, there are times where I have to dry a electronic panel of either Laptop or LCD Tv before they start working,

I've been in a lot of offices, I've had my laptop around in a lot of meetings in AC fitted rooms, I have AC in my house at my other family members where I went with a lot of my laptops I've had around for 15 years but never, not even once did I have to dry the laptop for moisture collected inside! If you had something as bad didn't you have mold on the walls also?



2362  Economy / Service Discussion / Re: Paypal are scammers like the FTX bitcoin exchange on: January 25, 2023, 04:29:12 PM
card i dont have
they ask me my full card numbers which is old 6 months ago i dont have it.
i provided them with card now i found it.

The ban happened six months ago, all this time till today at 08:51:20 AM you didn't have the card but you found it at 09:37:56 AM?
Anyhow, looking at the other site you're promoting with that scammy EMDR pseudoscience, I have a feeling you have been selling some other things that were against PayPal policies.
2363  Other / Beginners & Help / Re: The one thing I still don't get about crypto and Tax on: January 25, 2023, 04:09:46 PM
But why the hell are the government taxing people on their profits when they aren't ready to take responsibility for their losses to fraud and theft?  Why the hell are they using the word " its unregulated " as an excuse but still take money from people?

So wait, is the government taking responsibility when you're mugged on the street, when you get scammed by a Nigerian prince or when you get one ounce less of weed than agreed from your dealer? Does the government somehow reimburse you if you lose your money in a stock market crash? Cause I've never heard of that!
You get taxed for any kind of profit, the government doesn't regulate walking dogs' schedules not does it emit licenses for it but if you earn 100$ a day from doing so you have to pay taxes because there are earnings and profits involved just like any other business!


2364  Economy / Economics / Re: U.S dollar almost equal to Euro on: January 25, 2023, 03:53:30 PM
Since on the other topic, we were talking bout the death of the dollar I remembered this gem!   Grin
So what happened, did we again fail to kill the Euro and the Eurozone?


https://finance.yahoo.com/quote/EURUSD=X/

Were all the fearmongers and the illiterate who have never set foot in Europe or can't even pinpoint it on a map wrong again?

Seems like the Euro is back where it was one year ago, the ECB hasn't destroyed the economies or skyrocketed the debt to unpayable levels, no crushing unemployment, and the economy has kept growing even adjusted with the inflation, so what conclusions should we draw out of this?
Maybe not everyone is cut to be an analyst or an economist. Just saying!



2365  Economy / Economics / Re: Comparing U.S. Federal Spending with Revenue - This is why fiat will fall on: January 25, 2023, 03:41:37 PM
American Government can just spend 40% more than the incomes, and no problem with that.

Perfectly right till this point!
You see, everything is working with no problem, the US hasn't defaulted even once, it keeps on going while every country that laughed at them found itself unable to pay its debt or ended as a shithole, and while the $ has died one hundred million times more than BTC everyone is rushing to buy $, not rubles, not rials not yuan!

And this is actually even funnier and getting funnier the more you dig down, BTC is growing and getting adopted because people trust BTC right? So, what's happening when Argentinian pesos, Turkish liras, Iranian rials, zimbabwe dollars, and all the others are exchanged for $, it means, what a surprise, people trust the $ more than any other currency in this world!

The day US was infected with capitalism and the rules kept changing for the wealthy minority was the day the downfall of the "empire" began.

Meanwhile in the real world:



Does that seem like the "petro dollar" is dying?

2366  Economy / Scam Accusations / Re: 1xbit scam with pictures proofment! on: January 25, 2023, 03:26:38 PM
If such a huge casino - directly related to 1XBET, i.e. such powers as FC BARCELONA and SERIE A wanted to cheat someone, it would be enough that it would take one bet per million dollars and not play with small users for $500.

Yeah right, and what does sponsorship have to do with it actively scamming users?
Remember this?



Scam a few thousand small users out of a few hundred with 1xbit and you have enough to cover all the publicity costs and run the 1xbet in some kind of "legit way", of course "legit"by 1xbit terms means just a little less scammy.
Which didn't help them as much as they are losing licenses right and left in the EU right now.






2367  Bitcoin / Bitcoin Discussion / Re: Two-edged sword for countries that banned Bitcoin on: January 24, 2023, 09:14:55 PM
It'd be purely arbitrary, and oppressive with a first look. Think of it like this: bitcoin is valuated at $10,000, and you buy 1 BTC. A month later, bitcoin is valuated at $20,000. That's 100% increase in unrealized gains. To take 15% (e.g.) of it, you send 0.15 BTC to the tax collector. Terrifying, huh?

That's the problem with it and that's why even the wealth tax on the super-rich proposed in the leftist of the leftist's states never got approved.
They are trying again but it will most likely fail just like back in 2020 since it has one major flaw, it's stupid!

If they can't find a way to do this for tangible assets that have a clearer market value and aren't that volatile, good luck trying this with bitcoin.

if I wanted to pay a guy I've never met before living in some secret country he doesn't want to reveal let's say $2000 for a GPU or some really expensive Alpaca socks, I wouldn't do it with BTC unless he agrees to an escrow I choose!
So tell me why he should trust you, for not reversing the transaction. You're a total stranger to him as well.

Exactly!
Merchants love final sales, and customers love credit card chargebacks, that's why every single payment has a niche, and you won't see crypto replacing those even if it allows you to "send" coins to the other side of the world in seconds. And even remittance payments are overblown, unless you have the coins and the receiver wants coins too, you will also encounter fees and delays and 3rd parties, that's why we still have empty blocks despite 14 million migrant workers in US alone.


If your citizens are rich, then so is the nation, if your citizens are poor, the government could be strong but the nation would be poorer. Remember, nations do not bankrupt like companies, they just become poorer nations. So if you ban bitcoin, you are causing a lot of people in your nation to become poorer, same as bankrupting, and that is not a good thing for any nation.

I would disagree with your reasoning, because if we're going to go in that direction, are people around the world richer because their country didn't ban Bitcoin - do people live better in El Salvador or somewhere else because of that?

Sometimes Bitcoiners say really silly things, right, how can you even claim that a government banning bitcoin is making you poorer?
Probably some spend too much time just talking about crypto with only people passionate about crypto and what they do all day is again crypto-related so they don't realize how many people currently leave outside this world without even touching it once.
2368  Economy / Economics / Re: Is renting an inevitable waste of money? on: January 24, 2023, 08:45:29 PM
First, if you're in a long-term relationship like myself, you can never be 100% sure that you'll be with that person in 20 or 30 years from now, which might prevent you from opting for a loan.
Secondly, you need to be certain that the location or city of the property to be bought is convenient for future job offers and so on.
Thirdly, because a loan is a many-year commitment, there's no guarantee that you'll be able to afford the monthly payment 15 years from now.

I don't see those as problems, and even if considered such you can easily go over it
- if you apply for a loan you simply write down both you and your girlfriend as partners, and you split the future property 50/50 or 25/75 how you want via a simple contract, every bank here accepts mortgages from two individuals that are not married but are copayers
- the same problem with rent, I can rent a flat in the city center but it will cost me 3 times more, the same if for the price of the mortgages, there is not much difference between them unless there is something really specific in that area, I find it unbelievable for a situation where apartment that are 3x different in rent have the same value in the overall price.
- there is no guarantee that in 15 you could afford rent either.

However, my analysis is valid for my country.

The country with the largest percentage of homeownership in the world?
I guess nobody listens to the cons there, your first wage comes with a mandatory mortgage or how do things work there?   Cheesy
2369  Other / Beginners & Help / Re: Miner noise on: January 24, 2023, 04:29:06 PM
Hi everyone my name is Richard nice to meet you all . I'm wondering how miners are able to reduce noise or what can be done about it ?

I live in a terraced house my wife and two kids, both are in their own bedrooms but you can hear the neighbor's at times through the upstairs walls when its quiet during the day . Any help would be appreciated

Ok, so is this about reducing the noise from mining, as your own mining gear or your neighbor's gear that is bugging you, or are you talking about general noise? Everyone was focusing on reducing the noise from miners but it's not like the OP has asked how he can do that, nor does he seem to bother to buy such noise and more like the noise coming from his neighbors upstairs.

So before everyone jumps to conclusions and gives the same advice, is this really the question or you're asking to soundproof the entire ceiling from all the noise? I doubt that if OP was mining to date in such a location wouldn't have had problems before or would he be able to sleep at all with something like an S19 screeching 24/7 in that house!

These machines are usually very noisy, although I may be wrong and there are exceptions. The only way to prevent noise from spreading and disturbing others is to soundproof the space where such devices will be placed.

It's pretty simple:
- the more power the machine draws for hashing the more heat it generates
- the more heat you need to blow out the faster and larger the fans and thus the bigger the noise
- sound insulation in a box works but you don't solve the heating issue so you need soundproof ducts and you need more fans for the airflow and that air to be blown somewhere where the noise will also be unleashed.

My advice if you're thinking of mining in a flat, think twice before doing it! Or twelve times, far better!
2370  Bitcoin / Bitcoin Discussion / Re: Debunking the "Bitcoin is an environmental disaster" argument. on: January 24, 2023, 03:59:26 PM
The data centre is separated from the Nuclear Plan, so there is no synergy for the electrical producer. The data centre is plugged right away from the center is a good news, but actually not a major development.

The real game changer would be the data centre inside the power plant, with the miner revenue directly competing with electricity sold elsewhere.

Not sure what you mean by that.
For the owner of the nuclear power plant being the owner of the datacenter also and having it fed first to the miner and balancing the need to the actual grid with the demand from the data center or the actual physical thing being inside, cause the second one is not going to happen. A nuclear power plant can choose to have electricity sent directly to a close consumer without the need to raise the voltage for long-distance purposes but the IAEA will never allow a major consumer with cooling needs and fire hazard to settle anywhere near the facility, never!

The deal is as good as it could ever get, is a partnership between a reliable 24/7 electricity producer and a mining company, built in an area nobody can complain about heat and noise, and with minimal loss, it doesn't affect anything locally as a town grid and it can still function as a grid load balancing if emergencies arise.

Finally, we have some true reliable no carbon mining done that is not hydro at a large scale, not the jokes like solar and wind.
2371  Economy / Economics / Re: Common Currency for Brazil and Argentina: Africa Why? on: January 24, 2023, 03:40:28 PM
If Brazil and Argentina can join hands together to create one currency why Africa as a whole can't create one currency in the continent to strengthen their economy? And worse is that no country is even brave enough to tell the others that they should create one currency in the continent except the post colonial African leaders and not the neo-colonial leaders.

Oh yeah, the colonialism, let's still blame it in 2600.
Before you think of a unified Africa you have to think of things like Ikiza, Rwanda, Garissa, Gukurahundi and how many do I have to list cause there is a ten-foot long Wikipedia page on massacres and genocides.
Is there a country on the whole continent that hasn't been at war in the last 30 years with its neighbors or hasn't gone through the mandatory 10 civil revolts and civil war and coup d'etat?

You can't have one currency before you have peace, and the EU hasn't been born until there was peace and people stopped trying to kill each other for a piece of land, once you have that then you can start thinking of a common economy and a common currency, until that it's just daydreaming.

African Radical Leaders should come back and speek for us. Gadafi, Nkwame Nkruma, Leopold Sedar Senghor, should return to African scene.

Oh yeah, please bring back authoritarian socialists and winners of Lenin awards, cause that's going to do wonders!


2372  Economy / Economics / Re: Power outages causes huge economic loss in south Africa. on: January 22, 2023, 06:04:42 PM
The poultry farmer should have made available alternative power sources and the best alternative that is suitable for such business with low cost are solar panels since the poultry doesn't need a lot of electricity because what the birds need is just 💡 ligntening points.

So if a poultry farm only needs lighting, why did those chickens die? Because they were afraid of the dark?

The main problem with indoor farming is the temperature, I've just checked the weather in the town where the farm was located and it was over 30C every single day, that means temperature went up by at least 10 more degrees inside there, without power ventilation or the HVAC unit kicking in those chickens probably either died of heat or suffocated because high ammonia levels. With temperatures still hitting 28-29C by the time the sun sets and solar panels are already at half capacity you won't be able to do anything with them.

And for the others talking about back-ups and so and so, there were back-ups:

Quote
Issues started in mid-December when a faulty transformer prompted Eskom to connect the area to another line, causing voltage damage in his pumps and motors. The backup generators that were powered by Eskom didn't kick in.
2373  Economy / Economics / Re: [Article] How ChatGPT Will Destabilize White-Collar Work on: January 22, 2023, 05:15:27 PM
If your job is threatened by an AI that writes articles, then it means you were already in danger years ago.

Quote
Yet an extraordinary downside is also easy to see: What happens when services like ChatGPT start putting copywriters, journalists, customer-service agents, paralegals, coders, and digital marketers out of a job?

So, copywriters, journalists, and customer service, since when are those considered "skilled office workers".
Let's look right here at the news that makes it to the forum, all those blogs all those so-called whitepapers, and everything, does it look to you like journalists these days are "highly skilled"? Have you recently called customer support and had zero doubts the guy wasn't at his first job and he somehow got to the wrong desk at the wrong company?

The whole ChatGPT is blown out of proportion, it will replace things that were already replaceable since they already lacked creativity.

What class of skilled AI really threatens to put out of business or at least shrink it has nothing to do with freelancer content creators, it's actual tasks that can't be performed anymore by humans despite their skills on the same level. In our company, we went down from having 20 guys in charge of route planning to 2 managing data and 4 of them in charge of monitoring and checking the results the program generates, right now the soft we use can generate routes and delivery times for a shitload of trucks in minutes, I can't really say more about it but it can actually change the instruction for an entire deposit crew and their tasks the split moment a report of cargo not making based only on constant traffic data, until a call operator would have talked to three guys in charge noted down and typed instructions the program has done it 1000 times already.

There are hundreds of other jobs where an AI is taking over, from farming to architecture and manufacturing, the content thingy was blown out of proportion because the ones in charge of the news are the ones feeling threatened now.
But as I said, if you can be replaced by ChatGPT you were far from being a skilled worker and pillar of the company.
2374  Other / Beginners & Help / Re: A curious funny thought of the day on: January 22, 2023, 04:44:37 PM
If it is bitcoin that is stolen, the coin can be useless for the hackers because the address will be blacklisted and everywhere the coin is transferred to would be seen and also blacklisted if the government response is fast against the attack.

Bruh, you just destroyed the whole idea of being your own bank and securing your assets with bitcoin with this!

If the government would be able to completely blacklist and stop everyone from accepting your coins, then it makes no sense whatsoever to store your coins, they could simply blacklist all addresses that are not registered with name and full KYC in their database from every transferring fund to exchanges or to ATMs or to merchants and that's it for bitcoin.

Fortunately enough, blacklists don't work, and governments won't be able to do shit about it right now unless the people themselves give up and accept and lay along with this kind of stuff.

Hackers can steal from people and exchanges but it's going to be different if they are stealing from a country much more than a powerful country like China, they cannot get away with it, so I think hackers will not dare touch the country's stored Bitcoin.

Except when the "hackers" are the CCP,  and this would be the actual problem, who will control those coins, and who will decide how they are used!
And if someone talks about transparency, having the coins in marked accounts, visible to everyone that browses the blockchain, can somebody tell me which one is the address that holds Salvador funds? And any proof they are still there or at least they have been at one point?
2375  Economy / Economics / Re: After Budgeting, How Do I Deal With Unexcepted Expenses? on: January 22, 2023, 04:30:39 PM
Stop getting eaten by consumerism and instant gratification. Idk what you mean by unexpected expenses.

You go out with your shoelaces untied trip on the staircase, land on your head, and break 4 teeth, I had a colleague who chipped all his up incisors this way hitting the banister, although it wasn't the shoelaces it was him talking on the phone and searching for the keycard with the other hand.
Since it's an accident and no average insurance will cove these that go for 4x 500-1000 euros depending on the dentist and the damage.
Or, on a smaller scale, the never-ending feud between cats and tv sets, although thinking on how many youtube videos I've seen about that it stops being unexpected.

Unexpected expenses. I never knew I would deal with this kind of problem now especially with foods and necessary things getting expensive as economy won't stop sinking down. I don't like it, that's my first impression. It's stressful, it drives my head nuts as all I think is about how to fix it.
It keeps on coming unexpectedly right after you just finish fixing the other one.

Food prices going up is not something unexpected, everyone knows inflation was coming, and everyone knew that covid has destroyed all the logistic chains and affected manufacturing, inflation was the last on the list of "unexpected" things. Also, food prices are not unexpected, you shop for food every week at least, and you see the prices increase so if you think it over you plan your budget to contain a 10-2% rise next time, and you prepare for the worse.

Plugging in your vacuum cleaner and blowing up all your fuses and damaging other devices plugged in also, that's an unexpected expense.
2376  Bitcoin / Bitcoin Discussion / Re: Two-edged sword for countries that banned Bitcoin on: January 20, 2023, 08:04:51 PM
Not only do you need to tax your citizens but you have to make sure they make profits cause even if they are just holding coins it's not good for the budget at all!
Unless you collect taxes from unrealized gains...

A thing that I consider to be impossible to ever be put in place!
I have like zero ideas right now about how you could enforce such a thing but quite a few on how this could go wrong, and how you could even tax it, you choose December 31st at 23:59 as the reference price and you're going to have traders colluding, and only one trade happens at 1$ per coin, everyone losses and applies for tax deductions!
Maybe AOC has a better plan but I don't see this happening with crypto. With property and real estate, yeah! Tokens, no!

Oh this again, how many international payments does the average Joe make in a year?
Don't disagree, but this place is full of average people, in my humble opinion of course, lots of which get paid to wear a signature. I've been in other forums before, such transaction fee and punctuality in international payments is priceless in an era of worldwide commerce.

The demands and needs of a specialized but worldwide community are usually not representatives of the nations in which those reside, or at least let's agree it's nowhere near that stage yet for us.
For fast and uncensorable payments to complete strangers that don't want to reveal their personal data or bank account, bitcoin is undoubtedly king, if I wanted to pay a guy I've never met before living in some secret country he doesn't want to reveal let's say $2000 for a GPU or some really expensive Alpaca socks, I wouldn't do it with BTC unless he agrees to an escrow I choose! And he probably won't!
2377  Economy / Service Discussion / Re: Hello, I would like to ask what system is used here? on: January 20, 2023, 07:45:25 PM
Hello, I would like to ask what system is used here <> and maybe you have the script?
Or maybe you have and know something similar?

So you're asking us if we have a Ponzi scheme WordPress layout? Lol!
Might I ask you for what type of "research purposes" you're desiring such a filthy thing?

It's really just that most often cloud mining is a ponzi scheme and it's better not to succumb to their exhortations about getting you passive income, you will simply lose your funds.

He's not asking if he should invest, he wants to create one of those websites, for others to invest!
2378  Economy / Economics / Re: Biggest problems with Banks stablecoins can solve this on: January 20, 2023, 07:35:03 PM
Did you really actually say that USDT and stablecoins is a great investment? Broski I don't think you even know what an "investment" is if you think something pegged to the USD is an "investment".

It is an investment if you're a country in which the currency is going downhill, so if you have and you get paid in Turkish Lira, Argentinian Peso, or Rial,  yeah, USDT could be considered some kind of "investment", as you basically invest in foreign currency, of course with the said risks of owning a token that might be worthless tomorrow.

But if you're in the US or EU this makes as much sense as any other of this guy and his clone accounts ideas! Just think about how he solves all the liquidity problems caused by the forex market by connecting USDT to all ATMs!  Cheesy
2379  Economy / Scam Accusations / Re: 1xbit scam with pictures proofment! on: January 20, 2023, 07:02:22 PM
OP account is a new one but I am still curious as to how OP got to know about this platform.

He said it himself:
I am writing this because I am pissed out and how can website who promote on internet , ads you tube , forums and everywhere to scam like this?

I've turned once ublock to see what a favorite site of mine that I use to check prices looks like as it showed 12 blocked ads, and surprise surprise, who had the banner right on top? 1xbit! They trick a lot of users with that 7 BTC bonus or the one with 100% bonus on your deposits.
They even get some paid articles in different crypto news outlets, like this one, so if somebody is not doing his own research deep enough and only gets though the paid reviews, and there are dozen of them pretty high up in google search results, and well, this happens.

I lost hope with this one, seems like it will not end until they've scammed every single person in this world, maybe some of them even twice!

One more thing I am very curious to know is how you get the information on this forum after being scammed and why you can't get this forum before being scammed.

Maybe because if you search just the name of the casino you end up with a ton of fake positive reviews in google (at least on this IP I'm using now), but once you're getting tricked and you ask yourself "is 1xbit a scam" bitcointalk is the third result.  Wink
2380  Bitcoin / Bitcoin Discussion / Re: Two-edged sword for countries that banned Bitcoin on: January 20, 2023, 06:14:25 PM
I'm sure you don't know this data (and neither do I), but I think @stompix could easily show it to you - whether it's China or the US, you overestimate the importance of Bitcoin and all other cryptocurrencies in the world economy.

The whole what a government has to lose thing again?  Cheesy
Peanuts! That's why all cryptos are compared to a huge economy.
The whole thing started with nearly the same argument, what has China to lose from all the mining fleeing abroad, even if China would be mining all the bitcoins right now, there would be no cost with the electricity and all the miners would give all their coins to the government which is impossible, it would be a $6 billion if we assume a tax on profit of 10% with a profit margin of 50% you're down to 300 million, what can that mean for a 14 trillion economy? And if we consider revenue from trading, it's even worse depending on how you look at it so let's touch that a bit!

Quote from: EarnOnVictor
1. The government cannot earn through Bitcoin in terms of investments, taxes and others.
2. The citizens would be deprived of the fortunes attached to Bitcoin when they own it or do investments with it.

Let's explore a scenario with 3 guys from different countries!
A has purchased coins long ago at 6k cost and it's selling at 20k.
B has bought coins from when it was 60k from somebody and it's panic selling it also at 20k!
C decided to buy their coins at 20k.

How does this look from the government's point of view? Two of them are actually fucked from the investment as they've seen a capital outflow of 40k and maybe those coins will never be exchanged in the next decade so no tax, no increase in consumption no nothing while somebody is laughing his ass out! Now mister C decides to sell his coins to his neighbor for the current price of 40k, thus earning 40k in profits and paying let's say 4k, so the government has earned 4k in taxes, but still has a -40k capital outflow. Is this an accomplishment for the last country? 

See how this is way more complicated from a global and not personal point of view than a simple everyone makes money slogan? Not only do you need to tax your citizens but you have to make sure they make profits cause even if they are just holding coins it's not good for the budget at all!

Bitcoin was created so that you can be your own bank, it was not created to raise the tax income in Malawi!

Quote
4. They will be forced to embrace fiat with high transaction fees and a slow time of completing most international transactions, unlike Bitcoin.

Oh this again, how many international payments does the average Joe make in a year?
I know a ton of people who barely make a bank transfer a year to some relative in the next town and we're talking here like everyone depends on international instant payments.
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