Kazakhstan’s share in the global Bitcoin (BTC) hash rate decreased to 6.4% since the first quarter of 2022, which brought the carbon emissions of the whole network down 10%, according to ClimateTech Vice Chair Daniel Batten’s recent analysis.
I love how these experts manage to come up with these numbers, they know precisely what hashrate in Kazakstan is, they know precisely what type of fuel is burned to generate electricity for those, they know the percentage of renewables for each farm, and they are so accurate that they can pinpoint this in point zero zero x percentages! For years everyone was saying how mining in China was mainly in Sichuan with green cheap hydroelectricity, afterward when the hash rate moved to the US and they needed to change their numbers they started claiming that mining in China was done with coal-generated electricity! Flexing numbers just so they can fit their agenda! Listening to this kind of crap is like listening to Musk and Aramco the same time! |
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Current Pace: 233.8662% (2 / 0.86 expected, 1.14 ahead)
Current Pace: 104.7689% (552 / 526.87 expected, 25.13 ahead)
And now one of those bloggers who write every time how daily hashrate has spiked or slowed down would have a field day to write a clickbait article about how the growth has dropped by 30x in a few days  So the price is up 20%, the difficulty only 10% and maybe 4% next, totally understandable, I'm actually intrigued why the difficulty didn't slow down exactly as I stopped mining to have profits rise even more, that would have been "normal" and matching my "predictions". But seriously, even if the difficulty would have stayed the same, the price jump was simply not enough I would still be mining at a loss, especially since the euro rallied against the $. On the bright side, I have a few more coins that are valued 20% more which I wouldn't have mined in a year! One thing about the difficulty jump, any effects to be blamed on the new firmware? Reading the topic I didn't see anyone claiming any major results outside low-power mode, I can't test it myself, so that's a no? |
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I wrote Gemini in the title while thinking about Genesis (for some reason I keep confusing those two).
There was so much noise about their investigation when both of them got accused, the whole thing with Geminign Earn that was earning on Genesis actually, lol, that is no surprise you can get those messed up! My first impression was that they managed to drag down Gemini too with their mess, that would have been another event we could have lived without, that's why the surprised Pikachu face! But thinking now, so be it, the less stupid so called exchanges that try to act more like banks and investors brokers we have the better! Companies file bankruptcy to protect themselves!!! Well who protects users then?
FDIC or your cold wallet!  |
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I'm confused!
Isn't Genesis that is preparing for bankruptcy? Genesis is part of Digital Currency Group (DCG) they are not related to Gemini Trust!
There is an active investigation on the two of them over unregistered securities sales but that's a different thing!
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One of the crypto's with interesting staking returns is #ICP¨, as it can give you uptill 28% APY (yearly).
Sounds better no?
Wake up people, before you end up poor! if your 1% bank interest was better than investing with 28% APY at a low of 17 (in this example..., is not the only project I am staking) Time will tell I nearly forgot about this till somebody pointed it out. Seems like it's time to see the result: So you had $17 - putting it in a bank with 1% you would have $17.17 - despite the last pump, your investment is currently $5.4 and with an APY of 28% is $6.92. So not only you haven't made a profit but you also lost $10.08 of your investment of $17$ Probably a lesson that earning more money by just buying money doesn't work always how some wish it would. |
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I do admire your motivation and emotion with the Bitcoin and Bitcoin community we all are bitcoiners but dear imagine an interval when China do openly support bitcoin for their international trades.
This! People always say China banned Bitcoin, so what, we're still here, it still has grown but fail to understand that it would have been way better if this didn't happen at all. Yes, for a while Bitcoin can grow perfectly even without China but at one point you're going to hit a limit that wouldn't have been there, a 14 trillion economy and 1.4 billion people using it with no restriction. It's like having a restaurant in a small town, yes, it can be successful, it can be profitable, and you can have it packed all day long but that's it, you will never be able to serve 1k customers a day when the whole population is barely 2k. In order to grow you need to expand and this is where this limit hits. |
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Since you don't want "fake people", maybe you should share what is it all about, what are those tasks that people will have to do.
I have a feeling he is not going to do so as he knows he will be criticized for the task, if it was a simple thing that could be done with no problem he would have already said, 5$ to do this, as he said in some of his other "offers", but since he says real it will most likely have something to do with your identity, so far better to stay away from such deals, most of them will come to bite you in the ass later. |
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So could this be a comparative advantage for the crypto market?
No, as it has nothing to do with cryptos and it wasn't about that in the first palce! “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos. It was about settling their contracts in a different currency than the US dollar for partners that don't want or are unable to use it, at no point have been cryptocurrencies ever been mentioned mentioned. Alot of countries are beginning to see the benefit of cryptocurrencies and I believe that in no time, many of them will be adopting the blockchain technology as well as crypto payment system into their mainstream payments systems.
Which ones? |
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Brace yourselves, CBDCs one Step Closer
Yeah, right! So, this is 2023 and back in 2021 we had the same thing: https://beincrypto.com/bank-of-america-digital-asset-research-team/So the difference between these articles is that now we have this statement: “CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,” analysts led by Alkesh Shah wrote, adding that central bank digital currencies have “the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.” rather than one on the nearly same tone about transferring value via CBDC and taken two years ago and a timeline that goes to somewhere in the next 15 years something will happen. Not too much "bracing" for impact! Ten years ago, I said that it would take 10 years for governments start adopting CBDCs.
Can you link to your 10 year old post where you claimed and discussed that? |
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I guess this is about Binance p2p trades but how do we know what is their source of funds? Or their country of origin to find whether they are living in restricted or supported for cryptocurrency trading. It makes sense if they terminate the accounts which are from restricted countries so others won't be worried with each trade.
Because one can pass KYC verification with an EU ID card or passport and then in p2p ask you to send money to some bank account that is not in Europe at all but in a sanctioned country or he could make you accept money from a sanctioned country by offering you a better price with a 5-10% premium. Binance has no control over what you deal with the other guy in private. |
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Now what is binance concerned about here? If we received bitcoin from sanctioned country or person, our account will be at risk ?
If they would have been concerned about what you already did you would most likely have had your account frozen by now and not a warning of please don't do more money laundering or we will be upset with you. It's a general reminder that has been already sent to thousands of accounts and made some already panic on Twitter, it's just Binance way of claiming it does something against money laundering and warning those who know they are in shady deals to pack their bags and go away in silence without a tantrum when shit hits the fans. I'm quite curious if I'm going to get one since I haven't gone through the new verification and my account and card are frozen already! |
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I put magnets on the fuel line of my furnace, water heater, grills and stove. You can buy some magnets for less than five dollars at Lowes or Home Depot. They come in pairs and they are rectangular. The key is, the way the north and south poles are oriented. Put them together slowly and rotate them 360 degrees. If they stay together then they should work.
Seriously you believe? Magnets are used to clean the fine particle of metals that remain after a major gas pipe is cleaned in the interior, with a magnetic pig run usually, you putting a few 1$ magnets on top of a gas line has the same effect as rubbing gas pipe so the gas inside gets warmer and produces more heat! Btw if it would have that effect and it would be noticeable how comes it already hasn't blocked your pipes? Also saves on my fuel bill and makes the food taste much better with a lower taste of propane. No more city beef... no more city chicken... enjoy!
Then why aren't you making your entire pipes out of magnets, you might that way actually produce gas while cooking! Now, this is concerning 😟
~
I have never seen any smoke and the gas flame is always in blue color which makes me believe it's working properly.
Blue fame means good combustion, it means no dangerous carbon monoxide is being produced so no risks of getting CO poisoning, that aside CO is odorless and tasteless, so a human won't be able to properly detect it, and that's why the fatalities from it. the gas stoves for now is more efficient especially in the developing country In my country the government still subsidized the gas because the price is crazy and we can afford electrical stove
An induction cooktop beats the crap out of a gas or electric stove in terms of efficiency! |
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Us Default is imminent... If I had a satoshi for every article that claimed US will default or that the government will go bankrupt I would now have more coins than Satoshi. Heck, the US defaulted on its debt more times than Bitcoin got killed and that by an order of two of magnitudes. Retired americans on social security are the largest viewer demographic for television news. They don't know who Alex Jones is. They're typically insulated from the information and news stories making the rounds on social media and the internet. Which means they could be the most surprised and unprepared demographic, if a US default were to occur.
Wait, do you consider now listening or not knowing about the pathetic lying piece of *** counterfeit viagra salesman Alex Jones a bad thing? Sorry but the ones that are not brainwashed by the same clickbait headlines and fake articles and constant doom and gloom that was predicted for decades are actually the ones who would act far more rationally in the even of a crisis. |
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I think naming my child bitcoin will not be such a bad idea as it would help create awareness about bitcoin.
And then have him painted yellow, tattoo a BTC on his forehead, and use him as your advertising puppet! Because yeah, who cares about what your kid will think, who cares what might happen 5 years from now just like those morons who named their kid Daenerys and now have to listen to how she is being bullied and getting called names because their parents have nothing better to do than name it after a character they knew shit about. Don't you have any other way of raising awareness now, and not waiting 7 years to make a kid and name him like that? If you want to make an homage to Bitcoin, probably at least pick Satoshi or Hal instead?
Or better this with Harold, 'cause that was his real name and you don't risk screwing your kid's life! Besides, I don't think that many would know what Hal refers to, if one more movie gets made from the Space Odyssey series, 99% will think of the computer rather than Hal Finney when hearing the name! But yes, if you go back to the heyday of the USSR, then you, OP, would be on the same footing with these idiots.
Worse things can happen. You can name your girl Candida, that's Latin for "glowing white" only to see how a few decades later that is used mainly for describing gut and vaginal infection. |
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You pay taxes on your capital gains over the year, this means that there is no "sorting out" before withdrawing!
Does this mean one would pay capital tax even though they are yet to liquidate their assets? - Jay - No, you pay capital gains when you make those gains, and this can't be done without you first selling them and thus taking your gains. If you sell your coins for $ and leave those $ for years there and do not withdraw them you will indeed pay taxes even without cashing out to a bank account, but that's most likely an exception for many, what I was trying to say is that if you sell your coins today you don't have to pay taxes tomorrow before the exchange allows you to withdraw. |
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Do we just withdraw our funds and then pay tax or does it have to be sorted out before withdrawing?
You pay taxes on your capital gains over the year, this means that there is no "sorting out" before withdrawing! I don't know if you ever encountered or will encounter such a thing but again, this is a place to mention a warning for everyone that any shady exchange asking you for a sum of money to pay taxes before withdrawing your fund is a scam! If for example I had spent £5k on crypto during 2022/2023 and in 2024 I wanted to withdraw £100k profits, what is the tax on that and how do I pay it?
@Pokapoka124 linked you to a tax calculator, selling Bitcoins at a profit in UK will make you pay Capital Tax gains, depending on your other income and the amount you have cashed out you might qualify for the no tax, low tax or in the case above you're going over the brackets so you'll have to pay around £12k for this. But things change, Uk is moving to lower the CGT allowance from £12.3k to £6k this year and even further to maybe £3k the next so it all comes down to what the taxes are in the year you want to sell and take your profits! And nobody can be really sure what these will be in 2024! |
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What if 10x the current price is my sales target?  Don't wait to feel be rich to be skeptical That was my reaction too when I read the title, suppose I'm going to pay you in BTC but instead of 0.5 I'm going to send you 0.05, cause that's how I see the value. Wonder what would the reaction of the seller be like  What do you say?
That acting differently and taking different security measures that should be mandatory because of a possible price increase make little sense. You're focusing too much on the price of a BTC and not realizing that even an x10 might not change things radically for some. A guy owning now 100 BTC already has 2 million which might make him a designed target if he posts all over the net his email/phone and his wealth, keeping 2 million on some centralized is already stupid. On the other hand, someone who makes $400k a year and now owns just 0.1 BTC at $2k will just see possible gains $20000, still close to nothing for his overall finances and still in the region of "afford to lose" and can keep it there if he wants to daily trade as it basically plays money for him and he can buy it at any time back before it hits 10x. But if you have BTC0.5 and your monthly wage in a 3rd world country is $300, it's pretty clear what you should have done a long time ago! So, an increase in price means little for some without some context. That aside, unless you're doing active daily trading or you plan to sell in the next days no matter the price, there is absolutely no point in holding coins on an exchange for a long period. Therefore, if you currently own one bitcoin, which is currently worth over $20,000, or a few Satoshis, which is each currently worth a few hundred dollars, I'm selling you a satoshi for just one $, how many do you want? |
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The first question would be, were in Nigeria? Cause if you're Port-Harcourt you're looking at an annual PVOUT of 1250kwh, if you're in Katsina it goes up to 1750 kwh. That's the kWh production for 1kw of installed solar panels on average. Add the costs, put at least a 30% margin on the power capacity for the solar panels compared to the miner consumption so you can actually mine without peak hours, and add all the costs as I have no clue how much those will cost imported with transport and taxes and install there if there are any government subsidies or anything like this and draw the line. Going a bit to the extreme, you spend $1000 for 1Kw system, giving you 1250kwh a year, which would allow you miner to run 15 days, earning you 100$. You get them cheaper and you're in a better location, you spend $500 (highly doubt it) for $140 a year. Not including the miner itself in the above! |
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What does this have to do with freelance writing? Freelance writers get hired to write texts for someone. Twitter is just a microblogging platform. It's a completely different field.
Well, let's say that freelance writers are paid $0.05 per word written on average. The limited word and character restrictions of twitter restrict long form content. Which could significantly raise the revenue writers are paid per word. It doesn't work like that, Twitter users are not going to get paid at a fixed rate and nobody is going to use Twitter for writing essays it's gain the main reason this platform and its character limit count exists when doing freelance work as a writer your skills and price come first, with Twitter the first thing and the second and the third and so on will be followers and interactions count. One meme will probably earn more than 1000 pages about any historic event or economic model! Freelancers don't care about the traffic the platform that pays them has as it's not their business, with this, you will care first about traffic as no matter how good you are at writing if you're not attracting followers you won't make a penny! Extremely weird there's no mention of Doge,
Again, why? Tell me the advantages of Twitter integrating Doge into this rather than an inbuild centralized currency. And do so from Twitter's perspective, not from the doge bagholder one! |
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