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January 18, 2022, 02:42:22 PM *
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1  Bitcoin / Bitcoin Discussion / Amount to transact on lightning network on: December 12, 2021, 05:43:27 PM
I understand Lightning network is meant to be for smaller day to day payment, fast and low fee etc.
But what exactly is the amount deemed small?

I can see if an amount too big, it could really mess up the channel's liquidity, is there an amount that the community agree on that's the limit I should use on lightning?
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin main use case now on: December 12, 2021, 05:36:48 PM
Like many have said, bitcoin real use case is being sound money.

Given enough time, it is more likely that fiat will collapse before bitcoin, because bitcoin has fundamentally sound structure, it can transact securely and globally traded (essentially that means every region of the world see value in it).

We don't know when that would happen, and before that, we will see bitcoin being even more accepted and more stores in the globe will want to accept bitcoin. We will see more applications build around bitcoin (it doesn't have to be on blockchain itself).

So bitcoin really has the biggest ambition in the entire crypto space, not defi, not gamefi.
imo all the defi activities are sort of testing ground for what can be possible, right now? It's just a place where people trade stocks A to stock B, not currency.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Ethereum on: December 12, 2021, 05:23:49 PM
I used to split my portfolio into Bitcoin and Ethereum. Now I am only really keeping most of it in Bitcoin after the recent dip.

Bitcoin and Ethereum are very different crypto asset.
Bitcoin is here to replace the money market, while ethereum is more of an OS for blockchain apps to build on.

Investment wise, I believe there are plenty of alts to look at, there's gamefi/web 3.0/metaverse/defi/L1/L2 tokens everywhere that you can make good returns.

But look at Ethereum (which is supposed to be the better alt), Vitalik pretty much still lead the entire ecosystem forward, fee burn, changing POW to POS.
And look at solana CEO saying it doesn't matter if the blockchain is down again.
Another problem I have with Ethereum is that it doesn't really cost much to kickstart a project, and their potential gain is massive since they are the token issuer.
imo this type of investment is just not for me.

I escape into crypto because I thought crypto can be a way to escape from the reckless policies from central banks, decentralization, DAO etc.

When you look at bitcoin, the hard limit wouldn't ever change, small but important changes with more happening on lightning network etc.
Bitcoin isn't going to break, it is going to transfer bitcoin safely and securely and will only get better, and it doesn't go down.

I feel like bitcoin is just the safest play right now in terms of crypto, everyone underestimate the potential of a new asset class and the strongest one at that
4  Bitcoin / Hardware / Re: GekkoScience has a new stickminer that does 300+GH on: November 25, 2021, 02:59:44 AM
Hi guys,

Would like to ask if it's ok to use a raspberry pi running bitcoin/lightning node, and connect the USB miners (with bitcoin merch USB hub) to it?
or is it recommended to have a separate raspberry pi for the miners?

idk about any official recommendations but i compiled cgminer on the latest build/image of mynode. I've been running it on there for 3 weeks now with no issues but i did need to disable tor. I also needed to install tmux [don't recall if it was already installed] to properly exit cgminer while keeping it running in the background.

note - i haven't actually spun up the lightning node yet locally but I should do it soon. Still need to set up BTC Pay. I just enabled the electrum server so RPC explorer and mempool are working and those are also running with no issues. RAM usage was at around 30-40% on an 8GB Pi 4 if I recall correctly. I don't think it's been over 50% but I guess if it does then you might run into issues with a 4GB Pi. Running taproot [bitcoin core 22] and have been able to locate a tx i sent to myself with the new taproot address type so it's pretty cool to be able to do that thru a GUI + mine and have that controlled thru the same device. (shoutout to the futurebit guys for the inspiration on that lol.)

i wasn't able to get it working at all with umbrel. cgminer compiled successfully on the umbrel image but the USB port never identified any miner or hub. i haven't tried on the latest version yet though.
Thanks! losing tor access would be pretty significant if I plan to run lightning imo.
Guess one more raspberry pi specifically for the USB sticks is better.
Do experienced miners recommend getting the btc payout directly to your own node?
5  Bitcoin / Hardware / Re: GekkoScience has a new stickminer that does 300+GH on: November 24, 2021, 06:30:48 PM
Hi guys,

Would like to ask if it's ok to use a raspberry pi running bitcoin/lightning node, and connect the USB miners (with bitcoin merch USB hub) to it?
or is it recommended to have a separate raspberry pi for the miners?
6  Bitcoin / Mining support / GekkoScience Compac F Miners + running node on same Raspberry Pi on: November 24, 2021, 04:45:26 PM
Hi everyone, new here.

I am looking to run a really simple bitcoin/lightning node, as well as using these GekkoScience USB miners to make a tiny small bitcoin section on my shelf.

Since I haven't touched raspberry Pi before, I want to keep it as simple as possible.
My idea is to have mynode One, or raspberry pi with umbrel, and running GekkoScience Compac Fs, using the node's raspberry pi as an interface.

Is this doable? Or would I need a seperate raspberry pi for the gekkoscience USB miners?

Thanks!
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