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1261  Other / Off-topic / Re: Scientific proof that God exists? on: April 28, 2021, 05:18:37 PM
Even the demons know there is a God

What exactly is a demon? Is there a way to distinguish between a demon and a non-demon? Can you demonstrate that demons exist? Assuming that they exist, can they demonstrate how they know that there is a god?
1262  Bitcoin / Legal / Re: Earning bitcoin = wages/tips? on: April 28, 2021, 04:02:37 AM
Does earning bitcoin count as wages/tips?
Can one earn small amounts of bitcoin and still be qualified for unemployment? Does this depend on the country/state?
Some countries/states consider bitcoin an asset. Is earning an asset wages or tips?

In the U.S., unemployment insurance is a state program, and not a federal program, so the rules vary a lot by state.
1263  Other / Beginners & Help / Re: Bitcoin Full Node on Raspberry Pi 400 on: April 26, 2021, 07:28:30 PM
I recommend that anyone interested in this look up established RPi node projects such as RaspiBolt (https://stadicus.github.io/RaspiBolt/) and RaspiBlitz (https://github.com/rootzoll/raspiblitz).
1264  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin liquidations briefly surpass Bitcoin. New altcoin era? on: April 26, 2021, 07:14:03 PM
For those who do not know, Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover.

It's another stupid article from CoinTelegraph. More liquidations doesn't mean more interest or demand. It means that more DOGE speculators lost everything. If (or when) DOGE goes to 0, you will see many many more liquidations, too.
1265  Alternate cryptocurrencies / Altcoin Discussion / Re: JD Khaled for the WIN coin on: April 26, 2021, 07:06:21 PM
There was no announcement.

This is a PUMP-AND-DUMP scam
1266  Alternate cryptocurrencies / Altcoin Discussion / Re: Taking Profits on Altcoins Strategy on: April 25, 2021, 04:17:43 PM
Your strategy is complicated. My suggestion is to stick to a simple strategy: buy bitcoins and hold them for the long term.

As for the tax questions, As a citizen or resident of the U.S., you must pay taxes any time you convert a coin to dollars or another coin. There are no tricks that can avoid it or delay it.
1267  Bitcoin / Bitcoin Technical Support / Re: Unconfirmed BTC transaction on: April 25, 2021, 01:17:55 AM
Transaction volume and fees have dropped this weekend. It has been confirmed.
1268  Bitcoin / Bitcoin Discussion / Re: Bitcoin Carbon Footprint on: April 24, 2021, 07:17:18 PM
It is the producers of electricity that bear the burden of carbon emissions, and not the users of electricity. Usage of electricity has no carbon footprint.

Certain people want to dictate who can use electricity and what they can use it for. It is as simple and as scary as that.

1269  Other / Serious discussion / Re: Virters understand that some virtual assets can be hard assets. on: April 23, 2021, 03:23:18 PM
A company and shares of a company are virtual assets that people consider to be physical.

Regardless, "ownership" and "possession" are social constructs, so all possessions are ultimately virtual.
1270  Other / Ivory Tower / Re: Megawatts or Megahash - rating miners. on: April 21, 2021, 11:26:24 PM
I'm starting to see new mining operations rated in MegaWatts, and I'm not sure of the reason.
My guess is that a mining facility's hash rate can change depending on the equipment that gets installed, but their energy capacity is probably more constant. Since power capacity is a limiting factor on their operations, that's a natural way to classify the facility.

A similar example would be a farm. Since a farm can produce a variety of foods in varying amounts, the farm is measured by its area and not its production.
1271  Other / Off-topic / Re: ❔ 💰 Anyone else find it hard to get merit?💰 ❔ on: April 21, 2021, 11:13:24 PM
You have only made 16 posts and most of those have been in the Altcoins forums. I guess posts in those forums don't get merits very often. Regardless, merits are intended to be hard to obtain.
1272  Bitcoin / Press / Re: [2021-04-21] Governments can stop Bitcoin by shutting down mining, says Electric on: April 21, 2021, 10:59:05 PM
More crap from Cointelegraph...

"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80% to 90% of the hash rate pretty quickly," said Curtis Spencer.

Bitcoin can function without any problems if 80% - 90% of the hash rate is turned off. In 2018, the hash rate was 80% - 90% lower than it is now, and Bitcoin seemed to be doing well.
1273  Bitcoin / Bitcoin Discussion / Re: Someone just bought 8000+ bitcoin on Coinbase on: April 21, 2021, 10:45:18 PM
So sad. A whole page of comments and nobody has yet pointed out that

withdrawing bitcoins from Coinbase is not the same as buying them
1274  Bitcoin / Bitcoin Discussion / Re: I made episode 5 and 6 and my animated series "secrets of bitcoin and darknet" on: April 21, 2021, 10:41:17 PM
Quote
Hi, an animated explainer video about how bitcoin works, hope you like it.

It looks more like science fiction than an "explainer".
1275  Economy / Speculation / Re: Stock to Flow Model the most accurate prediction of all models saying 82k May on: April 20, 2021, 08:09:07 PM
Stock to flow model actually been the most accurate of all models predicting BTC price last years, and it saying we going to 82k by May 2021:

The stock-to-flow model is not accurate. People that promote the stock-to-flow model are cherry-picking the data. It has no ability to predict prices.
1276  Bitcoin / Development & Technical Discussion / Re: Crazy pow power reduction idea on: April 19, 2021, 02:46:16 AM
Similarly, improving the efficiency of mining equipment is also ineffective because the money saved by efficiency is spent on increasing the hash rate. If a machine uses half the amount of electricity, the miner will run twice as many machines.
I fail so see how this is a bad thing..
Greatly increasing the security of Bitcoin at the same electrical cost sounds great to me..
It is not a good thing or a bad thing. It is just reality. Increasing efficiency is ineffective if your goal is to decrease energy consumption. Also, the security is not measured by the hash rate. It is measured by the cost of mining a block.
1277  Other / Off-topic / Re: Where do mining rewards come from? on: April 17, 2021, 02:56:55 AM
Quote
Where do mining rewards come from?

reward = subsidy + fees

The value of the subsidy follows a fixed schedule. It is currently 6.25 BTC. The subsidy is halved approximately every 4 years. The subsidy's bitcoins are created as a part of the block. That is, they come from nothing.

The fees are paid by the transactions.
1278  Bitcoin / Bitcoin Discussion / Re: Government Controls Crypto? on: April 17, 2021, 02:38:20 AM
Ok so there are people who say that crypto is decentralized and cannot be controlled by the government. How can this be true when the government can shut down the companies where you are able to buy, sell, or send crypto? What do you guys think? Do you all think that crypto is truly decentralized and cannot be controlled by the government or can they?

No government can stop me from buying, selling, sending or receiving crypto. The worst they can do is to make it illegal.
1279  Bitcoin / Development & Technical Discussion / Re: Pool difficulty for compare wtih blockheader ?? on: April 17, 2021, 01:23:25 AM
So what i have done here is true?

Code:
        public static bool FinalCompare(byte[] hash, byte[] target)
        {
            for (int i = hash.Length - 1; i >= 0; i--)
            {
                if ((hash[i] & 0xff) > (target[i] & 0xff))
                    return false;
                if ((hash[i] & 0xff) < (target[i] & 0xff))
                    return true;
            }
            return false;
        }

That  should work except that the equal case should return true instead of false. The hash is treated as a little-endian number and you have accounted for that as long as the target is a little-endian number.

When it comes to pools, there is some terminology overlap -- there are Bitcoin difficulty and Bitcoin target, and share difficulty and share target.
For most pools, the share difficulty is assigned to you or you choose it. Then you must divide the bitcoin target by the pool's max share difficulty and then multiply it your share difficulty to get your share target. Your submit a hash when it is less than your share target.
1280  Bitcoin / Legal / Re: day trading crypto in the United States Vs. the IRS on: April 15, 2021, 01:15:14 PM
But if I did that, I would owe taxes for every single time I did a 'convert back and forth' maneuver. If I did that enough times in a day, over the course of a year, would I end up owing so much taxes the next year that I would probably end up having to pay more in taxes than what I made in capital gains?

You don't pay a tax based on the value of the transaction. You pay a tax based on the realized gain (or loss) in the transaction. In effect, you are paying a portion of your total gain as a tax, so you can't pay more than you make in capital gains.

For example, if you previously bought ABC coins for $100 and then you exchanged them for $150 worth of XYZ coins, you pay tax on $50, and not $150. Then, if you exchange the XYZ coins for $225 worth of PQR coins, you pay tax on $75, and not $225.
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