Technology that resemble blockchain already exist since late 90s. But on other hand, i wonder since when they use blockchain. I haven't done through research, but it looks like they create their own distributed immutable system since 2007, but later decide to call it blockchain.
The project started in 2007, it went online in different stages but it was called blockchain since being released to the public. But again, the naming wouldn't have mattered even if they would have chosen another name, say keychain or something because if we go by the basics it's a blockchain, not decentralized but truly a blockchain storing hashes of personal data instead of transactions. It simply doesn't work in practical terms.
We have one country that has been using it for almost two decades, now and you still it doesn't work? Yes,bitcoin Is based on the blockchain network,its just like the symbiotic relationship that exists between two living organisms in biology,where both organisms benefit from each other support,interaction and existence.
Nothing like that, blockchains can exist without bitcoin, bitcoin can't exist without a blockchain. |
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Trading Or Investing which one is better to focus on right now?
If you're asking yourself this question is obviously investing! Asking this clearly proves you're not that confident in trading or you would have already tried and the results would have sufficed as an answer, when you're seeking stranger opinions that for sure won't come with the minimal knowledge pack that will at least make sure you won't get wiped clean in the first day, better stick with buying and holding. for traders, they will continue their trading. Even in a bull situation, some traders may find it easier to profit than in the opposite market situation.
To be able to lose money in a period with 20% up gains in 7 days period one must be one hell of a bad trader. During bull runs everyone makes money, I want to see the trader that makes money while we're dumping 75% down over a year, cause from all the stories here there isn't one successful one, only tales of guys quitting trading cause no TA in the world can keep up with that. |
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I’m glad that in my city people understand that a man whose daughter is studying in America and whose wife lives in Europe will not do anything good for Russia.
Oh, so the protest where against your foreign affair minster too? Cause the daughter of Lavrov was not only born in the US because her mother choose to go there in her last month of pregnancy for her to be granted citizenship but also she attended New York’s Columbia University! So, say it, a guy like Lavrov is a traitor! I dare you ! Say it! Or that piece of shit traitor Dmitry Peskov who sent his daughter to study in Paris! Say it  https://edition.cnn.com/2022/04/12/us/kremlin-kids-in-the-west-invs/index.htmlYou people have been brainwashed till there is no trace of synapse dust there, eveything is bad in the western world yet every single one of your politicians sends his kids to European and american universities and buys mansions and villas in Europe and gets married and has children's there to get double citizenship. But the europe bad, us terrible, russia stonk! You have a very negative opinion about Russia because you read news that happens mainly in Moscow.
Lols at the ridiculous situation when one admits that jumping out of the window is how the justice works there, but it only happens in the capital, nothing bad! |
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In other words, if you want to avoid a big prison sentence (or any sentence at all), all you have to do is to include as many people as possible in your "scam business" that you will blame for everything if business goes downhill. For me, the person who thought up and organized everything is the most guilty, and only then those who helped him in it.
There is another thing and the main reason why two of them got away so easily, they've forfeit the money , the DoJ managed to seize 34 millions (and this was the reason for Sharma getting the sentence as he was in possession of that wallet) and the rest also complied with giving up the sums requested by the plaintiff. This is one of the reasons some get life sentences and some a slap on the wrist on financial crimes, if the money is recovered and the victims compensated you can get away with it fairly easy as in the end there are technically no victims unlike in a murder. In my country, whoever confesses first is the witness
In your country whoever doesn't shout Sieg Putler jumps out of the window. No matter how rotten the US system is it's still 10000 years ahead of the russian one! |
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Where did he bring that 35w from?
Seems pretty close to 1231j/3600seconds, so the energy for heating up 1 cubic meter of air by 1 degree Celsius, but that would be 0.342 , so 34...? I don't know obviously the starting point for that guy's math Then the biofuel data I have is the following:
3 types are possible but let's only consider the cheaper one because this will give me the worse case scenario against the miner
m³ of wood chip = 30€ (it was not told me how many m³ would be needed a year, or even in tons - I could convert m³ of wood chip into tons) Oh no, please no! While I'll probably be the closest person on this forum to that field, as we do raise shrub willow for biofuel, wood is a pain in the ass to make math on heating with it, first nobody uses cubic meters when you deal with wood, you either go for kuub or stere, and then there is the whole thing of moisture content and ash for chips(pellets or how you call them in your country) and then the type of wood. No, if you don't want headaches and you have a business plan, go with gasoline, ethanol, bunker oil, gas, anything. But if you want to stick with it, they are rated 5 kWh/kg for soft wood (evergreens), grab the price from the first pack that is sold at your local store and that's it! So, if it's simply heating and you're not doing your graduation paper on it, this is all you need. Packed for consumption it's 30cents (euro) (central europe) /kilo and goes for 5kwh of energy, so 6 cents per kwh. Of course, this is packaged consumption, for a space of 9000cubic meters, so 40 by 50 by 4.5 meters (almost larger than our livestock pen) you will buy by the truck. Again, not eveything gets converted that easily but for assumptions, let's ignore a bit that! I'll come back on this after the weekend, the math I do during Saturday and Sunday is not even kinder garden material as I'm usually typing from the sofa with beer in my hand, but I'm anyhow going to drive to my parents so I'll pick the data from out dual boilers, they are rated 50kw so that would be enough for your model while accounting for efficiency, unfortunately I can't find the manual online anymore (10 years old machines). |
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Not sure that's that straigt forward. The miner is rated at 3500W but not all that power is converted to heat, right? Good part of it will go for the computing itself, I guess. Or am I wrong? Can we consider that the total amount of input power is, in the end, converted to heat?
Yes! Computing is a not a form of energy, heat is the product of computing, passing electricity though the components, or transformation of electricity to heat! The other issue I have is that the data I have on conventional systems are like in watts produced.
Not an issue! Because if I want to prove that, in terms of costs, a miner can compete with another system, I have to account things like how much time the same volume takes to reach a specific temperature, if the conventional system is working non-stop, how many tons of biofuel it takes, etc!
It's actually pretty simple, you're basically comparing heating via biofuels with heating via electricity! As I said before, it all depends what you try to achieve and from which part you want to start: - you want to know how much it costs to heat a room from 40 to 50 Celsius, you calculate the volume of the room, the amount of BTU needed and then turn that into watts and biofuel! - you want to know how much heat $1 will give you , you convert that into kwh based on the price of 1kwh and the price of one gallon/liter of biofuel. The only difference is that for each kwh burned the miner will make up a few cents back! I can't really throw numbers around without knowing what you want to compare and what's the endgame but even if I would not be capable of doing the math there are enough here that could help you, so just give us a rough description of what you have in mind and we'll try to help! |
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This was written by the famous Russian
It was written 2 millennia's before: velle est posse which means to be willing to do something means being able to do it. |
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The goal is to compare how much it costs to heat up an enclosed space using miners and using other conventional heating systems. Namelly in industrial envirnoments where the conventional systems are quite expensive, from what I could already unerstand. Biofuel systems ro be more precise!
So, I need to get some knowledge how fast a miner can heat up a specific volume up to s specific temperature, calculate costs, ROI, etc and then do the same thing for any other conventional system like the ones using biofuels.
Wait a minute, if it's heating, why do you this round-about way? A 3500W miner will burn the same electricity as a 3500W heater and will throw out as much heat as the other! It's the law of thermodynamics, videocard, asic, oven, heater, the heat generation is the same, you can't destroy energy. You have a formula for biodiesel, quick search it's ~127,960 Btu/gal, you know the W/BTU formula, all you have to do is factor the cost of both and add the revenue for the miner. |
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I don’t think Satoshi was in NSA plainly because i think it would be hard to be famous but at the same time anonymous when you are working for a government agency.
Name one guy you know that works for the NSA ! See how easy is for them to keep being anonymous?  He did not create Bitcoin because his NSA overlords financed its creation or issued commands to him. And he could be reading your post here and laughing out loud LOL!
Or maybe some guys from the NSA are reading this now and they are high-fiving each other while congratulating, hey, we fooled another one!  Poll results so far showing 10 users voting NO and nobody voting YES!
20-2, denial is strong in this crowd! But I think that the results are not really what people think and more what they wish it would be like, the halvening is near, the price has skyrocketed, everyone is pouring money into it, there is absolutely nothing negative around I've heard in months, not one tiny thing and now imagine Haugh comes in front of the congress with a signed message with Satoshi's key saying yeah, it was us all along! I always love these "secret" meetings where there is a guy taking photos and everyone is smiling at the camera for a picture nobody was supposed to see... |
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1W= 3.41 BTUs/hr , standard formula. So this project I'm working on is on a very tight leash because everything I good I tell about using a miner to other purposes other than exclusivelly for mining
I'm a bit curious what you plan on doin with it, if it's other than heating stuff. Probably I don't have to tell you but capturing back energy from that heat in the air is really beyond what one can call just hard to do. |
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This is the reason why the vast majority of nodes are connected by fiber-optic Etherenet cables - there are options for >1Gbps like 5Gbps and 10Gb speeds, and there is extremely low latency since it's wired.
This was the reply I was looking for, you can run your node or even miner on 4G if you want but at the end of the day it makes realistically not much sense. The chances of a user having to run a node , enough energy to keep it powered up and at the same time no internet cable near by are pretty slim, but try to find this in an area that has 5G coverage and you're talking about the near impossible. And in a city center, what would be the point? In addition, 5G mobile stations consume a significantly larger amount of energy, so I once read that in China they even turned them off during certain parts of the day to save energy.
5G consumes less electricity on the same data, the problem is that to reach the same coverage as they have shorter range you need far more 5G towers than 4G. |
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It does not matter whether a nation/country bans BTC. Bitcoin is censorship-resistant to all such old school tactics.
You think? How many bitcoin users do you know from North Korea? Bitcoin has never seen a truly heavily enforced ban yet, and hopeful we won't, but to think that all would be ok with one it's just really day dreaming. How many times would you piss yourself if bitcoin ownership would come with a life sentence in your country and you would hear knock at the door at 2 am? Bitcoin adoption in Africa could turn the state of the continue around. Many African countries are dealing with hyperinflation and other economic issues and there's no doubt that Bitcoin adoption could provide a much better alternative to the failing traditional financial system in the country.
How many Africans would afford to pay a tx, right now 63 sat/vB $5.57 for daily purchases? How many Africans would be able to use Bitcoin since we're talking about a max of 400-500k transactions a day? Oh, let's make it simpler, how many times have you used bitcoin yourself lately in RL? Again people, there some serious differences between personal finances and a nation's economy! |
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I agree with your thoughts, but many companies filter ads using software and not all ads undergo human moderation. Therefore, very often cunning advertising managers find ways to circumvent these restrictions.
Software can be adapted, it just takes filters, look at how ublock is blocking every garbage add possible, and I've been on some shady websites where the counter of ads blocked went over 50+ and still not se even one frame from them. Fraudsters are very mobile, and a large corporation is very slow and cannot quickly respond to vulnerabilities.
Yeah right, no!!! Common, google has taken everyone by surprise a thousands times already with the stuff they've been building for decades, you really think they won't be able to get rid of them if they really wanted? They got rid of numerous kinds of ads in the past, they were able to destroy seo cheating scores with one tiny one line update, and you think they won't be able to clear every crypto related thing out there? There is a big difference between not being able to do it and not caring that much to do it! I do not remember I saw a crypto ad for something useful.
I don't remember seeing an add at all, not to mention a useful one, even if not crypto related! |
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The moment I saw Murphy I though of Murphy's laws: 'If something can go wrong, it will!" Anyhow, you should mention that he's a state district representative, so one in 10 thousands, his "backing" is a drop in the ocean! binance is not government run. and binance is not a depository. i haven't heard of the government missing social security or food stamp payments.
So if the govemermnt has never missed a payment and will never miss a payment then why should we care about this at all? What would be the difference between having bits of gold that you can spend guaranteed by the govemermnt and bits of dollars also guaranteed by the government that you an already spend right now? gold is a store of value guys. its an inflation hedge just like bitcoin.
Hmm, really?  cause it seems the only time we had real inflation in the US since 1981 gold totally flopped it's mission! . |
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Out of topic but the first thing that comes into my mind when reading the word "China", Bitcoin, and "mining" is the rise of prices of the GPU in the global market. Are we going to witness the price of the GPUs to skyrocket, again?
There is zero need for GPUs for mining right now! Even with these high prices with a 4090 at 5 cents per kwh (so well below average) you're going to make a profit of $50 a month! This for a videocard that you can get for $1500 if you're lucky, so 30 months before ROI, good luck with that! It's AI that's destroying the GPU market right now! Nope, that was never illegal to begin with. Individual mining was illegal, now government is allowing government owned mines,
Source for this? |
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BTW, I wonder what country that is that has 20KV lines, here we don't have that, it's 66kv > 33kv > 11kv is the last HV that feeds the consumer transformer.
At least Western and Central Europe, 6KV,10KV, 11LV,15KV, 30-33-35-36...we have it all! I think the US still uses 20KV in some states! Europe was pretty divided and everyone was implementing its own grid a century ago, then the whole mumbo jumbo with the territorial changes and now it's way to complicated to bring eveything to a standard anymore. |
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I've seen different kinds of tags on me about this. I had to ignore them cos thats the only exchange I use.
There are tons of people here that use on exchange but I don't remember one that mentioned his exchange 23 time sin his last 40 posts! If this ain't shilling the god knows what it is! approval of ETFs by the US government has also raised interest in the hearts of traditional people and now they also began to use it.
So can we finally put the final nail in the coffin on all those theories: - The US is afraid of Bitcoin replacing the dollar - The US government hates bitcoin - Wallstreet and banks are afraid of Bitcoin and they will try to destroy it and all those tinfoil theories? |
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That whole region will never get better, it's the same every decade, they have a hundred thousand problems, the comes an authoritarian/dictator president, fixes a bit of stuff, leaves a disaster in the others aspects of the economy, people get rid of it, then some regret it because they remember it has fixed 1% , then the next one comes with promises to do better and so on.
So what do you propose they should do? Sit down, give up and stop trying? At one point they will have to learn that despite a hammer being good for nails it's not that great for cleaning the sink. So obviously they should aim for a guy that does a bit of eveything without completely ruining something else, and more important they should focus on building a system, not a one man job that complete goes out balance when that guys either retire or dies. Common, it's not rocket science, you have a ton of succefull countries, you just need to copy them. Modern democracies (that are a farce anyway) are not a universal fix for all and simply doesn't work in some regions.
Well, seems like the happiest and wealthiest people like to live in those farces, but of course you can point to a better alternative at any time! |
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