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2721  Economy / Speculation / Re: Crypto exchange wars going on... FTX vs Binance on: November 09, 2022, 04:41:55 PM
I guess in case of FTX collapse, the contagion is almost inevitable.

It's not just contagion anymore, seems like everyone is actively trying to spread it.

Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source
https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/

FML, $15k incoming if this is not denied by either of them.
As for CZ, he has 1 billion in SAFU funds and has started reassuring people he actually has their money, just please, please be it like that as I really don't want a black Friday this week!
2722  Bitcoin / Mining speculation / Re: 2022 Diff thread. on: November 09, 2022, 03:03:32 PM
Using filters on your intake simply means the airflow will start to go down from minute one, if your intake fans move 10k m3/h without filters, with clean filters they won't do 10k, the filters themselves will reduce that amount, so maybe 8k m3/h with filters being brand new, the next day, some of those wholes will be blocked and now the 8k is 7k, so to maintain good flow you will have to clean the filters very often, in my case, i'd have to probably clean them every week at best.

Since I toyed with the idea of filters I totally agree with this, if the air you're pulling in is dirty and far worse even a bit humid (I don't know if dew affects it but we get a lot of it) those filters will drop the flow radically. My first try was to put them in the window before the axial fan and the steel protection grills and it was a complete failure, if put in the space behind it it does reduce the airflow considerably less but in both cases, it's a pain in the ass to dismantle and clean. But unlike Phill, I have way less gear, and a way colder and bigger building so I don't care that much about a drop.

Probably once you've got more and more gear and you're constantly expanding you have to look for professional solutions, where the air is filtered from multiple sources outside, so there is enough flow at the point it is blown into the room.

I was never able to understand the economical logic behind using liquid cooling in mining, it's cool and all, but the cost is extremely high, if noise isn't an issue for you, why not just add more fans to the wall? or replace the ones you have with some strong fans like this or this

Lol at the second link, poultry farm, mine is the original pig farm, oink!, axial one, but nowhere that size they were supposed to work in 6 pairs if I remember correctly.

the rooms shape and lack of wall area to add more fans is a real issue for us.

What about up? Have the intakes on wall level and the outflow through the roof?

Is anyone interested in the price, diff?
17k, pace at 103%, viabtc showing 5.9 cents per th/s...
Anybody?  Grin
2723  Other / Meta / Re: Could This Help To Reduce Spam? on: November 09, 2022, 11:17:06 AM
Most of us will fail in this task. Suppose, for example, that the members who participate in the signature campaigns are 500 members, and with restrictions of about 20 Merits per month, this means 10K merits per month.

20 merits a month is going overboard and even 10 sounds like way too much.
You say it's easy for 500 members to get 20 merits a month but I doubt there are that many posters overall in the gambling section that get that many, probably one of our AI friends might come up with a list but I'm betting that there are way fewer users that get 20 a month and that there is way less merit being spent on the gambling board than other subforums, so a higher requirement will also hurt some that don't frequent high merit distribution areas too.

I think we're slowly turning from making the board less spammy to making it some sort of restricted area for older users only.
2724  Economy / Scam Accusations / Re: Twttoken.com Potential Scam, Claiming Token Coming From Elon Musk on: November 09, 2022, 10:30:18 AM
I just saw this in my feed I don't know if this guy is being paid to do this or if he is part of the team, he is an influencer with 27k followers...
He now has 21k followers. Maybe it dropped following that tweet, but I doubt it. That guy is far from an influencer. Most of those followers are probably fake or bought.

Bought followers, Twitter has started recently, a bit before before the acquisition, to really hunt fake followers services so no surprise some are losing thousands in a day when a whole farm gets nuked.

As for this guy, he's just a moron, after that tweet he posted:
Quote
Dear
@elonmusk
Please kindly confirm you are aware of the below:
@Twitter
 present to you Biggest Cryptocurrencies, #TWTTOKEN

And he's specialized in "IT | Cybersecurity".

That aside, I was curious why I got results from a year ago with the hashtag for #TWTToken, with this multitude of tokens they got the same name as "trust wallet token". We've reached the point where we definitely need 4 letters for coins, this is like cities running out of telephone codes or car number plates.

2725  Economy / Trading Discussion / Re: Reminders to all Crypto Lovers on: November 09, 2022, 10:12:01 AM
Seriously has anyone fall or experience to romance scam situation? I think this is a bit of effort if someone trys to let them or make them fall in love and the goal was simply to knock out some of your funds by stealing or hacking.

There are thousands of cases happening!
First, remember that this is a thing some will want to keep quiet about, it's one way to come out and ask advice if a shop has not delivered some miners if your wallet is hacked, and a totally different thing to tell strangers that you met a girl on the net and you've trusted her with money while your main purpose...we all know what that was.
Men won't like to talk about it and married men definitely do not.
That being said:

https://bitcointalk.org/index.php?topic=5307064
https://bitcointalk.org/index.php?topic=5282182
https://bitcointalk.org/index.php?topic=5301385

Quote
Tinder as usual. I have around 190K USDT and they are not allowing me to withdraw. They blocked my wallet.
Quote
I started chating with a girl from Tinder that the conversation lead to her bussines wich is a investor.

and so on!

And, if you're curious about extreme cases:
Ex-Italian Volleyball Player 'Dated' Model for 15 Years. Turns Out He Was Scammed
2726  Other / Beginners & Help / Re: Recent event: Stay away from centralized exchanges (FTX, Binance, etc), use DEX on: November 09, 2022, 09:44:13 AM
Don't use centralized exchange anymore, learn to use decentralized exchange e.g. BISQ.

Probably an exaggeration to say 99% but 90% is a clear possibility people that who make a high volume on Binance or FTX will have no use for BISQ. Those are traders that are doing a hundred trades a day, scalping every few dollars in a price change, a thing that's impossible over BISQ, for them, it's like asking a forex trader to move over and use an airport booth currency exchange.

It's simple in theory to ask everyone to move to dex but for some DEX are simply not offering what they want.

What's funny is that this event was a repeat of history — sort of like MtGox v2; whereas FTX, an exchange that people trusted a lot(just like people had heavy trust on MtGox back then), ended up having insolvency problems(presumably, things still aren't 100% clear) in the end.

Way too many differences
- FTX had not that huge market share
- FTX hasn't been hacked and didn't get assets stolen
- Mt Gox wasn't attacked and stabbed in the back by Bitstamp


2727  Economy / Exchanges / Re: FTX comedy and might be another exchange that bites the dust? on: November 09, 2022, 09:32:40 AM
If it was someone else, I would definitely surprise but since it's CZ, there's nothing to surprise. It was expected that CZ wants to rule crypto world, he wants monopoly on the industry which he is getting eventually. There was a time when CZ said he wanted to charge back a BTC transaction which was hacked from Binance, it was something not possible, he knew that. But he wants to he something like that. So, yeah, it's nothing of surprising and it's a part of his monopoly.
If someone can't break this monopoly, there will be hard time ahead for cryptocurrency.

Nobody cares!

Microsoft destroying Netscape, the evil corporation, Bill Gates the Illuminati, it has set back development for years, damn corporation monopoly!
Binance is bankrupting FTX, CZ is a genius, Binance is a good exchange, a near monopoly is good for the economy, and this is good for bitcoin!

The world is upside down, as I see people cheering for this kind of manipulation and not who they are cheering for, the guy that continuously lied about volume, about legislation, that slapped x10 fees on BTC withdrawals to promote his own tokens and stablecoin, hope is starting to fade away!

It should concern everyone

It should! It's ....not!  Sad


2728  Other / Meta / Re: Could This Help To Reduce Spam? on: November 09, 2022, 09:10:49 AM
It's obvious what will happen
- spammers will create new topics and abandon them when the quota is near
- they will flock to other topics that are building slowly and start spamming stupid things about sports they don't even know how are played

The 1000 barrier is also way too high for some and for some other sports or competitions it might be too low.
Unfortunately, the only ones that can do something about it are mods and more importantly campaign managers, but the second ones don't seem to care that much.

Solving the spam is not partially. I suggest that there should be a minimum level to show the signature in all forums, such as 1 merit per month or 20 per month in some spam boards, if you do not get those merits, the signature will disappear.

Sounds nice but I'm pretty sure in reality a lot of them will manage to get enough either directly or by trading it.
Even the red-tagged 1xbit spammers are getting 1 or 2 merits, so for the more advanced spammers capable of writing 5 not 2 lines of text 1 merit will be reachable. Also, I don't think the WO members will be happy with that, that topic will be flooded with merit begging.

I'm not misleading anyone but most mega thread contains a lot of spam, compared to smaller ones.
If you lock those megathreads, where do you think those spammers will write? Do you think that they would stop posting or suddenly increase their post quality because of that measures? Of course not, they would just share their nonsense in other threads so I don't really see how what's proposed in your first post would help the forum.

Don't lock, only disable signature from the 1000th pages onwards. It would filter signature spammers from posting shit.

I think that the battle for the whole board is lost and there is absolutely no possible way to control it, so it would be better to simply keep your own topics clean by having them moderated. After all, if we think this from the user perspective, they could spam all the s** they want in mega threads while real gamblers who make real posts will stay in those self-moderated ones where they can actually communicate.

But out of pure curiosity, what would a bumping rule do to that board?

It's a bit hard to grasp all the impact but if topics with shitposter are not getting bumped by low-merit spammers while self-moderated topics with users with higher activity are being kept on the front page, wouldn't that cause less exposure to mega threads and finally make managers realize they are paying for bottom page zero views posts?
I know there are flaws here also but at least the code is already done and it takes just a minute to include the board.




2729  Economy / Economics / Re: Consumers to Spend More on Black Friday Despite Economic Downturn on: November 09, 2022, 08:16:52 AM
But the thunderstorm is most likely to come next year - this year is finished anyway.

But for sure 2023, because you know...there was 2013,2014,2015, and it's really getting late!  Cheesy

Isn't this surprising? Why is this so?

Surprising for who?
For the ones that have emerged from their toilet paper and tinfoil forts and dens and have just realized that the world hasn't ended?
What is surprising in seeing things happening continuously like this, have you watched the tourism numbers? Cancun broke all tourism records, and airports all over the world have done the same leaving behind 2019 numbers, the malls, the parks the restaurants are full, and it has been a pain in the ass to reserve a cabin with some friends for New year's Eve a month ago!!!

Just because a recession might be at the door because we have a 10% inflation it doesn't mean the world is stopping!
People need food, people need appliances, you need a laptop or a phone to post here and if that becomes outdated you do buy another one!

The economy and consumer spending doesn't stop because of a thing like this, it didn't stop in 2009, it didn't stop in ww2, and it's not going to stop now. Despite all the drama people still have money to spend, and if they decide they would want to take advantage of a bargain sale, it's pretty normal to see numbers increase!

We all see it that the recession is coming, and then so what? If we are still able to budget some funds for this Black Friday, then no one can stop us really.

Exactly, is fascinating how bitcoiners hop from my coins my bank my decision to the need to dictate to others what to do with their money!

 
2730  Economy / Economics / Re: Germany surprises everyone, the economy keeps growing on: November 09, 2022, 08:03:42 AM
And the good news keep on coming

Germany Industrial Production Rebounds In September
https://markets.businessinsider.com/news/interestrates/germany-industrial-production-rebounds-in-september-1031880990

Quote
Germany industrial production rebounded more than expected in September despite delivery bottlenecks, official data showed Monday.
Industrial production grew 0.6 percent month-on-month in September, reversing a revised 1.2 percent fall in August, Destatis said. This was also faster than economists' forecast of +0.2 percent.

Anmd the thing is even more surprising since everyone was expecting a contraction:
Quote
Eurozone’s economic powerhouse’s Industrial Output jumped by 0.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a -0.8% expected and -1.2% prior.

Seems like they interviewed a lot of Russian puppets instead of experts, so not only did it not go under but it grew both on MoM and both on the annual average, keeping 2022 2.6% higher than 2021. And with both gas and electricity prices falling on the spot market between 5-10x times since the peak, pretty obvious, another apocalypse is done for.
2731  Economy / Speculation / Re: Crypto exchange wars going on... FTX vs Binance on: November 08, 2022, 01:13:08 PM
Oh, the two "saviours" fo the crypto economy, the ones that have done sooooo much for adoption, that have helped millions earnign a few cents with their exchanges are now damaging the whole system more than ever.

For years I've been telling that those two are one of the most toxic persons in this, both full of lies and manipulating everything, but the masses are in just for the money, Binance and FTX throwing a few free $ in some shitty token and everyone is kneeling and praying to them, and now we get the bill for these, allowing some to grow and become more powerful than it should have never been normal in a decentralized economy.

Little by little, month after month this is morphinginto the traditional stock /banking system we're so used to, with the same forex attacks with the same insolvency with the same fractional reserves, everyone blames Soros for his fx manipulation and crash of the pound, will CZ get the same treatment if he bankrupts a competitor? No way! He just has to print some BNB, make a giveaway and all your funds are SAFU with him safekeeping them, but only him, not somebody else..


2732  Economy / Service Announcements / Re: Empower your business with bitcoin-- how to choose the better BITCOIN pay on: November 08, 2022, 11:17:35 AM
Many business owners now accept customer pay with bitcoin, like Coinbase Commerce crypto.com and others, but none of their main business is about payments, so they pay very little attention to users experience. If a customer studies their way carefully, he will find that each order needs to bear an extra fee of about 0.0003btc, which is about 6 US dollars, that is a huge cost.

Coinbse commerce charges 1%  not a fixed rate
https://commerce.coinbase.com/faq#what-are-the-fees-to-use-coinbase-commerce
Crypto.com charges 0.5%
https://help.crypto.com/en/collections/1512001-crypto-com-pay-for-business-merchant-faq
Bitpay charges also 1%
https://bitpay.com/pricing/

So, leaving aside the fact that you're posting misleading facts about your competition, what are your fees and why aren't they mentioned anywhere on your website?

Thanks to our innovations in blockchain technology, Aurpay could centralize all orders on one address,  this could saving a lot of fees.

So you have managed to find a way to spend 100 UTXOs using the same byte size in a tx as one?
Do tell us more about this!
2733  Economy / Economics / Re: Majority of Americans Back New Stimulus Checks To Combat Inflation on: November 08, 2022, 08:26:30 AM
It has been longer than 24 hours since I proposed crypto having the potential to solve everything ranging from inflation to indigestion.

Really? Never thought that!  Cheesy
If you were asking me out of the blue I could have sworn that there is no day in which you find a problem and you find the solution with crypto  Grin

I'm long overdue for crypto being used to fill gaps in income which are traditionally filled by stimulus checks. How might it work. We already have crypto alternatives to UBI which could be applied to stimulus programs. Concepts of free money and free value being so extremely popular in this day and age.

Yeah, let's print some cryptos because well, being cryptos they don't act as Fiat when they are in oversupply.
Terra has defiantly proved that rptiing 6 trillion (?) I don't remember the number but I know they multiplied the coins in circulation by more than 10x in a day won't affect the value at all.

You don't fight inflation by printing any kind of money, you fight inflation by directing your attacks at one or even both of the triggers, demand, and supply, you have two choices, you increase the supply of goods by investing in manufacturing, cutting taxes, subsidizing production (not the product) or you deal with the demand trying to make people unwilling to spend all their money.
For the thousand time, everyone should look at how Japan was unable to reach desired inflation rates because the people didn't want to spend.

Well if the poll asks people if they want free money, should we really be surprised at the results?

Let's make a poll about a fork of Bitcoin in which everyone in the world gets a few satoshi for free.
You're not going to like the result if we let only newbies vote for it!
2734  Economy / Exchanges / Re: FTX comedy and might be another exchange that bites the dust? on: November 08, 2022, 08:07:02 AM
Something's certainly going down at FTX: https://nitter.it/BITCOINALLCAPS/status/1589403113412497408
Withdrawals not being processed and being staggered due to excessive congestion.

One thing, if this kind of panic spread and everyone, like this guy:
https://twitter.com/dCliffb/status/1589416634934231040
goes back to his untouched 2 years old account to withdraw 5$ no company in the world will be able to process all those transactions and withdrawals in time.

Unfortunately seems that the consequences are the obvious ones, as panicked users that FTX might go down are dumping their coins to cash out in fiat, and then everyone will look at each other and say that wow, crypto is volatile when their headless chicken runs caused all this.

That being said, this fresh row of tweets isn't helping:
https://twitter.com/claire_FTX/status/1589384861777031169
https://twitter.com/FTX_Official/status/1589680515426443264
https://twitter.com/FTX_Official/status/1589689317034979329

If someone can explain the reason why they are posting these right now, I'm here to hear it!

FTX is not rather small. Their latest fundraise was $400 million collected from venture capitalists and has given the whole company with the exchange included a valuation of $32 billion.

When 400 million make your company worth 32 billion. Cheesy
Nie, let me just go to Aldi buy a 40 euros carpet and raise my home value by 3200 euros.

2735  Economy / Economics / Re: TSMC says efforts to rebuild US semiconductor industry are doomed to fail on: November 08, 2022, 07:55:47 AM
Not China, but Taiwan is the biggest producer of the  Semiconductor chips in the entire world. US simple can't complete with them due to some reasons,

1. High labor cost in US for skilled workers
2. The margin is not attractive enough considering the competition
3. Establishment of raw material procurement is extremely difficult as the companies supplying raw materials are already under contractual agreement for next 10 - 15 years

1. If you think someone in this industry is working for 10$ a day you're deeply mistaken, they are highly paid and everyone gets offers from different companies, even Bitmain tried to bribe TSMC workers to come work for them and the whole poaching scandal nearly resulted in them being cut
2. If chips are in high demand if prices are skyrocketing how are the margins low?
3. 10-15 years? Let's be serious. Besides none of the materials in chops are that impossible to get as obviously, the US is still manufacturing chips, Europe is manufacturing chips, and there won't be any huge next-day change where Intel needs 1000 tons of hafnium per day starting tomorrow.

There will be semiconductor shortages for sure and expects all electronics to become way more expensive in 2023.

Or maybe not:

For Chip Makers, the Flip From Shortage to Glut Intensifies
https://www.wsj.com/articles/chip-makers-cut-costs-as-demand-slump-supplants-pandemics-chip-shortage-11667560050
2736  Economy / Exchanges / Re: FTX comedy and might be another exchange that bites the dust? on: November 07, 2022, 10:48:30 AM
Earlier today I stumbled upon Twitter thread that speculated Binance moved 23 million FTT tokens worth $530 million to their exchange with the obvious intention to sell it all, and just now I saw CZ tweet in which he confirms that indeed they decided to get rid off all FTT. Could it be that rats are already leaving the ship?

Hmm, does anyone have an estimate on the speed of those rats or an ETA on their evacuation?
There are still 3 weeks left till Black Friday and I don't want to miss it but at the same time, I don't want to spend the full price for a 1l per-minute popcorn machine that should would be needed when this happens.

With every day that passes the whole Defi/Cex/Stable coins/whatever shitshow is just getting worse, I was telling some a few years ago that we're sliding with those to things that match the whole WS manipulation, but now it's more and more like it, the whole crypto industry is starting to look more and more like traditional markets and unfortunately, the first things that resemble each-other are the bad things.

While FTX is still rather small, they had aggressive advertising and many have foreseen FTX as the one that will soon replace Binance as pretty much the top CEX around.

It might be small if we trust Binance numbers, but remember that CZ was the architect behind that incredible volume at OKCoin when everyone knew the numbers are fake, so how much of what Binance claims is true?
2737  Economy / Economics / Re: Is long-term employee retention a losing battle? on: November 07, 2022, 10:34:41 AM
I'm totally surprised by the replies here, sometimes I wonder, is anyone actually working for a company, or is everyone here a freelancer?

Nobody in three pages of replies thought about a thing:
There are companies who can't keep their employees because the employees themselves don't want that from the start, from the moment they signed the hiring contract they knew, this is a job for 1 2 maybe 5 years!

If you're a student and you get a job at a call center, a hyper store, gaming testing, or a barista, this is what you're going to do all your life, you're going to serve coffee all your life at the same place for 50 years? Are you going to play Fifa 2100 for EA till you are 65 to discover bugs?
There are millions of jobs that have no retention capabilities at all, nobody wants to work there their whole life, everyone wants to get better paid, less stress, and less physical work and there is no way in hell a pretzel stand in some mall will be able to pay you what a desk job at Exor would.

Again, I'm shocked that nobody realized this, all of you you still think you could have worked for the first company that hired you and you think that company had the profit margin to grant you the wage you desired?
2738  Economy / Economics / Re: Eu gas and electricity prices drop 80% to 2021 level, another apocalypse averted on: November 07, 2022, 10:19:04 AM
And a sunny day again in Europe, low gas consumption, full of LNG ships waiting to unload while the others...



Ignoring spot prices which are trading 1/3 lower even TFF futures for December(!) are crashing again:



And to keep up with good news,
China's gas consumption may post first fall in 20 years - state energy officials

So not only will China use less LNG as it will buy a few more billion of Russian gas but they re also overall reducing consumption, so moe LNG on the market, cheaper gas, less freezing. And this is good news for the rest of the world too:

Quote
The weekly assessment for spot cargoes for delivery to North Asia dropped to $28 per million British thermal units (mmBtu) in the seven days to Nov. 4. That's the lowest since June - and down 60% from the record high of $70.50 in the week to Aug. 26.
It's worth noting that the price is now below the $29.50 per mmBtu that prevailed in the same week last year, and has dropped for the last seven weeks.


2739  Economy / Exchanges / Re: Binance asking for KYC, again on: November 07, 2022, 09:32:27 AM
Now I truly believe that it's always better to have a dual citizenship, one of them should be Non-EEA from a poor country where there are less and less regulations on things like this.

Time for at least dual citizenships have come Cheesy

Yeah?
Are you sure you want to move your fiscal residence from Germany for example to some third country that out of the blue might decide all crypto should be taxed at 30% and decide to emit an international bank freezing order on your name for not paying up?

You realize that once you move everything that is fiance outside the EU while having dual citizenship every perk of you being a citizen is voided as you can't have them both, and this only to pass a KYC thing that might land you in a ton of troubles, triggering red flags from every FCA since suddenly after getting new citizenship you're funneling money to another country where you don't have a  job, not a business not nothing? The days of Pablo Escobar are gone, and it becomes harder and harder even for banks to hide their own dirty business, small fry have no chance.

My best guess is that under the EU's anti-laundering laws, my Revolut proof of address wasn't an acceptable option anymore, and Stompix was right to point this out.

Told ya and it's nothing new, it's just Binance catching up to regulation slowly.
I know this from the time I worked for 6 months in Denmark dispatched from my company, Betfair refused to accept any document from Denmark and refused to make the transfer to a Danish bank also despite solid proof I was receiving my salary from a multi-billion international company on that account, I had to upload a bill from a house I wasn't living in currently and wire money to my old bank.




2740  Economy / Economics / Re: LMAO: Santander UK bank puts limits to buy bitcoin and cryptocurrencies. on: November 07, 2022, 09:09:33 AM
No, OP.... there are no justification for their actions, because this is pure anti-competitive behavior and the protection of their monopoly.

Anti-competitive against what?Fill a lawsuit and see how that will work as there is nothing about competition or monopoly here.

You don't realize how ridiculous it is, the chant here is always that bitcoin will kill banks, effectively creating a monopoly since there will be only bitcoin and nothing else but at the same time you go enraged when a bank decided who it wants to serve! The same age about CEX, there was no need for all of those in the first place at all, and in a true bitcoin economy there would be no need for it either, the whole thing of being your own bank, no third party, no nothing, but god forbid they would get closed as the pitchforks will be raised and lit.

I'm not in favor of the rules that say "you can't do what you want with your money", but I think that in this case the banks are somehow trying to protect their clients from very irresponsible behavior when it comes to risky investments. How many times have we read that someone invested their entire savings in some cryptocurrency because they were influenced by some influencer? After the investment is not successful, everyone is to blame except the one who made the key decision.

That thing with the refund is the pure example of zealotism I hate so much.

You buy some coins via a bank transfer you send them to a Ponzi scheme and your bank doesn't offer a refund? The evil bankers!!!
Bitcoin transactions are irreversible? That's how things should be!

Too many acts on impulses on the news and too many think with their wallets, not with their brain.





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