On miningrigrentals you can send messages to the mining farm operator and see how much hashrate they offer. You can simply try to cut a deal that bypasses miningrigrentals and auto pay them on a daily basis. Would love to get some updates here however.
will try this. since their email support was shit I didn't bother to register. Keep in mind the extra risk with that. Going through MRR if the operator cuts and runs you get your unused portion of the funds back. If you go private and they run you are stuck. That is one of the only good things about paying the extra percentages to MRR (and nicehash). Not your mom, not trying to tell you how to do things, but after being here for years I have seen a lot of things go bad and not always someones fault, just something happened and halfway through a deal fell apart. For any 'real' amount of money, and that amount will vary person to person. Use one of the escrows here on the forum. https://bitcointalk.org/index.php?topic=2439910.0-Dave |
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If you don't like what the zkSNACKs coordinator's customer policy is, then why aren't you running your own WabiSabi coordinator to outcompete them by offering "censorship resistant coinjoins"? All of the code is open source for you to copy and paste, so you just must not be brave enough I guess  Create a one click install that works well, and much like all the people that are running JoinMarket / Whirlpool on their mynodebtc / umbrel nodes and I'm sure people would run zkSNACKs too. Probably more if you advertised it as 'all the features, none of the censorship' For now, I tried a while ago, failed miserably, tried again, did not fail as badly but it still did not work, and gave up and clicked the install button on Whirlpool. This is a very time consuming hobby for me, so although I do spend a lot of time per week tinkering, configuring and such. At a guess, with the numbers of people on the 'nodes in a box' discussions there are a lot of people like me. -Dave |
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You say that like it's a bad thing. I HATE paying taxes, but the rules are the rules. If you don't like them fight to change them don't complain about them.
Well, who is going to want to EVER use bitcoin for small purchases if they have to keep track of capital gains on the amount of the transaction? no one is. that's not how an economy works. imagine if you had to report to the IRS every time you ever put gas in your car and account for any changes in the value of the us dollar for every one of those purchases... Nobody, the same way a lot of people don't report a lot of things. You say that like it's a bad thing. I HATE paying taxes, but the rules are the rules. If you don't like them fight to change them don't complain about them.
Well, who is going to want to EVER use bitcoin for small purchases if they have to keep track of capital gains on the amount of the transaction? no one is. that's not how an economy works. imagine if you had to report to the IRS every time you ever put gas in your car and account for any changes in the value of the us dollar for every one of those purchases... If I pay you $65 to wash and wax and detail my car you are supposed to declare that as income.
running a business is different than being a consumer. Didn't make myself clear with that. It's not running a business, it's Larry the person showing up to wash Dave's car. Not Larry's detailing shop. If I give you 1 gram of gold (worth about $65) you are still supposed to declare it if you convert it to fiat.
i'm not sure about gifts. i heard gifts are not taxable up to a certain amount. Once again, me not being clear, I was saying if I gave you the gold instead of cash for the car wash. Hi Larry :-) I think, and I don't want to put words in you mouth here, that we both think the rules are ridiculous, hard to follow and just stupid. Personally, I have been complaining about the rules for so long that I stopped doing it and just keep poking the politicians. -Dave |
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I'm a contributor.
Would it have been hard to start with that? Since you are you obviously have a vested interest in them doing things the way they do you are going to presenting a certain view point that not many other people here share. You have that backwards: When someone contributes, that changes the way they do things. I've mentioned it before but there's no reason I should have to start the conversation with that, the things I am saying are true regardless of whether or not I strive to make improvements to Wasabi: I'm a contributor.
Since it's been proven that Chainanalysis is not accurate a lot of the time, in both directions, at the end of the day using it to do any form of censorship / blocking is pointless at best. As soon as it allows any 'tainted' (which is a BS thing anyway) coins through, even if it's a legitimate mistake, since there is no way to track them after that anything else coming though that coordinator is now 'tainted' since you can't know who got what.
-Dave
If that's the case, then a different WabiSabi coinjoin coordinator will end up with the liquidity that was marked as a false positive taint. Why don't you run a coinjoin coordinator yourself to capture this market share that the default coordinator does not want to accept? I have 2 Whirlpool instances running on my 2 Umbrel nodes. *Actually not 100% true, I shut them both down and am going to be moving them to different cases as soon as they show up since the fans in the Argon ONE suck ass but up until the beginning of the month I was running 2 of them. -Dave |
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@Kruw do you have any relation with Wasabi?
You seem to really be supporting them, but came out of nowhere with you joining the forum 2 months ago and then starting to defend them.
-Dave
I'm a contributor. Would it have been hard to start with that? Since you are you obviously have a vested interest in them doing things the way they do you are going to presenting a certain view point that not many other people here share. Since it's been proven that Chainanalysis is not accurate a lot of the time, in both directions, at the end of the day using it to do any form of censorship / blocking is pointless at best. As soon as it allows any 'tainted' (which is a BS thing anyway) coins through, even if it's a legitimate mistake, since there is no way to track them after that anything else coming though that coordinator is now 'tainted' since you can't know who got what. -Dave |
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@Kruw do you have any relation with Wasabi?
You seem to really be supporting them, but came out of nowhere with you joining the forum 2 months ago and then starting to defend them.
-Dave
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Although probably a good idea I can't see this working well long term.
Too many of them are constantly tweaking their rates. And they play games with the price too.
Would you rather pay an 8% fee to buy with a BTC price of $29,920
Or a 7.5% fee but they are still showing a BTC price of $30,500
You cannot rely on people to do it you would need to get the operators onboard to have some kind of a live API.
And, sadly, the odds of that happening are just about 0.
-Dave
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...
<shrug> It's now bolted somewhere in his house logo side in so it just looks like a cheap repair. (which it might be too but that's not the point here....)
Silly but I have now had every one I know with a metal seed plate secure it somewhere. If you REALLY get someone in robbing your home there is an infinitesimal chance that they may find your metal seed and take it. Not because they know what it is, but because they are just grabbing it. Even if you have it someplace safe, you spouse, your kids, your family that is helping you do something may move it. Not doing anything bad, but just cleaning / reorganizing stuff like that. Having it screwed to the back of your cabinet / dresser / pantry / whatever just makes it look like you did a hack job repairing something if anyone can even see it without moving other stuff. -Dave |
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only 4 days left to let the irs know about all your crypto sales. and coffee you bought using the lightning network...  You say that like it's a bad thing. I HATE paying taxes, but the rules are the rules. If you don't like them fight to change them don't complain about them. If I pay you $65 to wash and wax and detail my car you are supposed to declare that as income. If I give you 1 gram of gold (worth about $65) you are still supposed to declare it if you convert it to fiat. If gold goes to $100 a gram and you sell it then you are supposed to declare it at $100. BTC / crypto is no different. I think it's BS and vote for people who support crypto and send emails to my representatives that don't asking them to take another look at their views. Yoda: Do Or Do Not There Is No Try Dave: Stop Complaining And Do. -Dave |
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The problem was (and still is) for some banks the rapid rise in interest rates.
They are holding bonds and such that are paying very little. So they are actually worth less then they paid.
The bonds are guaranteed to be paid, so that it not a worry but when you have a billion dollars of them generating 1% you can't sell them for a billion since you can go anywhere now and get 4x+ on that same money so they had to sell a lot of them at a loss to generate cashflow.
The dollar is actually stronger then it was this time last year since a lot of larger institutions now have more confidence that the government can and will step in and bail out these fuck ups.
It really comes down to too many rapid changes.
If you are worried about the banks then you really are not paying attention to what is going on out there, wait a few more months and watch mortgage crisis 2.0 happen.
Finally people who should never have bought homes, and who never have should been bailed out the 1st time get kicked out on their asses and learn that yes you are too stupid to buy a house and should have been renting.
-Dave
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https://foundrydigital.com/They do it all, last time someone I know contacted them it was not that bad. A lot of pressure to use their pool. But beyond that they came up with a plan and hardware and everything else. Fees were high, but since they did not have to find / interview / hire everyone needed it brings up the point of was it really high or did they just figure it's going to cost you $350000 in salaries + the cost of finding the people lets just charge $425000 and call it even. It all failed and imploded but that was not the fault of foundry. (or the people I knew for that matter) -Dave
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4.3. What do you think will happen to bitcoin in 2024/2028 after the halving, when its mining will be very expensive?
I answered several questions in an interview but out of all the questions I found the above question to be very important. Asked what might happen after the 2024/2028 Bitcoin halving and whether Bitcoin mining will be expensive after the halving. How Bitcoin Mining Relates to the Bitcoin Halving of 2024/28 and What Will Bitcoin Mining Be Profitable By Then? It's been discussed a few times in the main bitcoin discussion. https://bitcointalk.org/index.php?topic=5416002.0But the real answer is nobody knows. If the price stays where it is, the mines that are just scraping by now are going to have to close. The ones that are doing OK, may have some issues staying profitable but with some players dropping out difficulty may decrease giving them a boost in profits. We also do not know what new hardware is on the horizon, we have a general idea but no specifics. So, there is that part of the equation. I think, and I could be 100% wrong, that we are going to see a drop in the small home / hobby miner. When you are just about breaking even, but you do it because you want to support BTC and spread the hashrate out. That's fine. If all of a sudden it's costing you $150 a month to keep your small farm running, along with the time and effort and noise and so on. You might just turn it off and sell the miners and get back into golf. -Dave |
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From tl;dr (and could not find it anywhere) what info are you logging and keeping?
Most of us here have privacy a bit more in our minds then a lot of other people / users.
From the tests I did it looks nice, but if you are going to logging and keeping and trying to monetize everything thing I do you are going to have trouble getting users.
If you purge all data after 24 hours, just so you do have some logging if support is needed is a different story.
-Dave
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Depends on the amount of miners and the amount of hands on that you want to provide. It's also not just the cost of power, its the staff, the building and the ability to get good power not just the cost. What are the costs for foreigners investing in businesses. Import duties on the miners And so on. There are 1000s of things to consider. It's not just get power and plug them in and mine. Even here: https://bitcointalk.org/index.php?topic=5446794 just by providing your own transformer you can save a ton on money but then you take responsibility for it. And then the locality can change their mind about if they want your type of business overnight. You seem to be trying to do this on the cheap, I can tell you that will not happen. To put a proper mine together takes a lot of money and a lot of time and a lot of effort. Yes anyone can buy a few dozen miners get a few hundred amps of power and tons of cooling and go. But if you want more then that you are looking at serious investments. You need security, engineers, tech people to run the back end nodes and software and a ton of other things. It's not just plug and go. Even if you just rent warehouse space with a lot of power and cooling, how much are you going to pay your programmers / IT people. You have to make their pay more attractive then doing a crap job and you loosing blocks due to poor coding. -Dave |
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I did not get one, I feel so left out :-) But, seriously as I posted last week they have done this on and off since they existed. Why do we talk about it every time? Their list of prohibited use is long and keeps getting longer: https://www.coinbase.com/legal/prohibited_useThey obviously want a certain type of customer. Those that do things their way and only their way. That's fine, it's their business they can run it how they like. We as customers have many choices of services to use. We don't need Coinbase, and they obviously feel they don't need a bunch of us. -Dave |
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The US government doesn't need to take away your crypto assets, because it can make you run to hand over cryptocurrencies yourself. This is done very simply: it is enough to pass a law that for the storage or use of crypto huge prison terms are introduced.
They may not find you, but you won’t be able to use crypto either, because everyone around you will also be afraid to do it. Then what's the point of crypto assets?
This is the worst scenario, but most likely, governments will take the path of levying taxes on transactions with cryptocurrencies. That is, one way or another, this area will be regulated. The question to what extent remains relevant.
The good news is that regulation in different countries will proceed at different speeds, which means that there will always be the possibility of moving to a place where conditions are more loyal to crypto. I assume that there will be countries friendly to cryptocurrencies, which means that if the US government decides to take away your crypto, then it will be enough to leave this country.
That was also part of what they did back in the day. There was no place to spend the gold either so the value changed for it. Also, this was not to 'stop people from owning gold' but the main reason was actually to remove the constraint on the Federal Reserve preventing it from increasing the money supply during the depression. The restriction was only around for 40 or so anyway and probably had no real meaning after the first few years. Even now, most real precious metal investors (not the ones you see on TV, but the people that do it for a living) don't really invest in gold. But, with a purely digital medium such as crypto. Taking away the places to spend it, except F2F would kill it's use here in the US. -Dave |
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Is there any way to be sure that I have done things correctly?
I have downloaded bitcoin core.
I have waited multiple hours to sync.
I have opened a bitcoin.conf file, in which I have set server=1.
I have Bitcoin Core open and I do nothing.
Can I check somehow if my node is reachable? I only want to make sure that I contribute to the network. What is the easiest way to do so?
EDIT
1. I have checked using netstat that my port 8333 is listening, but Bitnodes website shows my node is unreachable.
2. Running getpeerinfo, I get a json where all peers have the attribute "inbound": false. I guess this means that I have no incoming connections.
You will have to open port 8333 in your firewall / router and point it back to the PC running bitcoin. Also, if there is any software firewall on the PC you would have to allow inbound on port 8333 -Dave |
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Power does not matter vs hashrate.
If you are using 1 gigawat of power to mine with 3 generation old equipment it's meaningless. Someone with 1/4 the power could out mine them.
Hashrate and pool info (and I guess what they are mining) is what matters.
They could be burning all that power to mine ETC since they got all the ETH miners cheap.....
-Dave
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Starting with *I* use laptops for some crypro & node work.
Many of them do not like being run 24/7/365 the CPU fans are smaller, they in general have less cooling and so on.
Not saying that they can't do it, just that it's not optimal. NUCs although smaller tend to be designed around 24/7 operation.
And, if you are going laptop look at the more business / desktop replacement side then the consumer side. I do find that they are a bit better.
-Dave
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