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1061
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Bitcoin / Mining / Re: Antminer S21: Bitmain’s Game Changer in the Bitcoin Mining World.
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on: January 11, 2024, 04:27:08 PM
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Absolutely, we got and Sample unit few days ago and couldn't get nowhere near 3500w  @200ths. Power usage 3800-3900w. Best Efficiency got on low power mode 160 th/s @ 2600w what is 16.4 j/ths which very efficient yeah and 3800-3900 is within 10% of 3500 so they are covered. but my question is I see the end on the miner side. what is the cable on the wall/pdu side I would guess it need to be 10ga or a very short 12ga if I am pulling 3900 watts on a 208 volt that is 18.75 amps which is a lot for a 12 gauge c19/c20 cable. could you photo the power cable on the power connection side? |
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1062
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 11, 2024, 03:52:42 PM
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal not to worry. I sold a few pieces of corn on the small ladder up. This is to prep for the mining ⛏️ costs for the next few months. |
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1063
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 11, 2024, 03:36:20 PM
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I know I shouldn't but I fomo-ed in a tiny bit of corn.
My 48.2k ladder hit waiting for my 50310 to hit as soon as the etf got approved i took out some of my lowest sell bids. no sense giving corn away now. my new lowest sell point is up in the $60ks and that is very subject to change.. upward lol my step ladder goes to 70k then my real ladder starts at 99534 |
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1066
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Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF officially approved!
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on: January 11, 2024, 02:25:28 AM
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Has anyone checked on Mr Gensler? Is he feeling okay? Probably went off to find a quiet corner to cry in. Mr. Gensler sounded defeated and bitter in his statement. He seemed to insinuate that the courts are mainly the reason for this, mentioning how the Court of Appeals favored Grayscale's planned conversion of their Bitcoin trust to ETF. He seemed to suggest that if the agency is to be followed, it would have once again rejected the applications. He ended his statement by mentioning that Bitcoin, unlike gold, has no underlying asset and has no real-life usage, that it's nothing but a volatile speculative asset that is used in many crimes, and that they are actually not in approval of such a risky asset. Poor Mr. Gensler! He had to say yes even if he wanted to say no. Well yeah of course Gensler would never have approved Bitcoin ETFs if he wasn't under political and legal pressure to do so. He hates the entire cryptocurrency space and has many times made clear his disdain for Bitcoin and Crypto and said they don't need to exist. I'm sure he is quite upset as it is clear one of his goals as head of the SEC has been to try to harm Bitcoin adoption in the US and cause chaos in the market by gaslighting and suing the exchanges constantly, and he ended up having to preside over bridging Bitcoin with mainstream traditional finance lol....poor Gensler indeed! Also that's a hilarious statement, saying Bitcoin has no underlying asset unlike Gold....Gold doesn't either lol, Gold and Bitcoin ARE the underlying asset. Like, what does he think is the underlying asset for Gold??? haha. And no real life usage is also hilarious haha, dude really doesn't have a clue about Bitcoin. I guess when you are so insulated in the finance world you literally put on blinders to anything novel having value and utility, same way Warren Buffet and Jamie Dimon have infamously and repeated publicly stated their blinders for Bitcoin. my theory gensler likes bitcoin. in previous years he even taught it at MIT however politically. he has to save his job so with the likes of Elizabeth Warren and her anti-bitcoin crusade. he has to kiss the ring and call bitcoin out for the risks... whilst legally he let the ETF pass remember for years he has been saying that businesses need to regulate(kiss the warren ring) but has not been setting rules of regulation (which bitcoiners dont want rules) so he has actually helped us before by not setting rules and letting businesses run without setting too high a goalpost him saying things like how bitcoin ETF is not insured (meaning he didnt add a goal post min standard) him saying "Further, existing rules and standards of conduct will apply to the purchase and sale of the approved ETPs. " again not moving the goal post higher shows he is not pushing for new laws for crypto specifically. and instead is accepting bitcoin ETF under the same landscape as fiat ETF yes he washes those sentances with repeats of elizabeth warrens mantra. but i feel thats just protecting his job and kissing the ring this is a very good guess |
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1067
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 11, 2024, 01:15:50 AM
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I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time.
Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth).
BINGO, you've just uncovered that there's Bitcoin and then, there's Shitcoin. Well I would think they may have trouble blocking scrypt as it is a long established set of P.O.W. coins. There are very few algo's that might be allowed. |
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1068
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 11, 2024, 01:12:18 AM
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"So you said the BTC ETFs got approved. So I will buy ETH, ok?!"  I can understand this from a trader’s perspective. It seems pretty obvious that an Ethereum ETF is going to happen down the line. I could see why traders would want to be there for the runup to that. You can almost tell how motivated by money someone is to be in crypto by whether their main holding is BTC, ETH, or SOL. I wonder if the SEC can use (technical) reasons to block ETFs based on other chains and to potentially kick those in the long grass for a far longer period of time. Most shitcoins are nowhere near as decentralised as BTC (or completely not) and there often doesn't even seem to be an issue cap built in the currency or it is completely vague (exactly like with Eth). Perhaps the particulars don't matter, as long as they are on the likes of Coinbase? they will try to block ETH and other pos coins.
"So you said the BTC ETFs got approved. So I will buy ETH, ok?!" I can understand this from a trader’s perspective. It seems pretty obvious that an Ethereum ETF is going to happen down the line. I could see why traders would want to be there for the runup to that. You can almost tell how motivated by money someone is to be in crypto by whether their main holding is BTC, ETH, or SOL. I do not think it will happen. But I am just a soon to be 67 year old typing on a keyboard in NJ, USA. So it is just a simple guess on my part. |
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1069
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Bitcoin / Mining software (miners) / Re: Start and stop mining under 10sec - model and programs?
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on: January 11, 2024, 12:04:55 AM
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How fast is too fast? Also, what miner types are we talking? whatsminers can change power limit by sending a simple command using their API, but then booting up takes a few mins. Hi ours is the fastest in the industry usually between 6-15 seconds to full power.
But he needs to use a saved-profile for that, not just a random profile or freq/voltage settings which the miner doesn't know, no? epic controller with its custom firmware is very fast. 0 to mining in well under 1 minute vnsh is very fast and even braiins is fast. but having used all of them epic with it custom controller will reboot and be up to speed the fastest. Note all my tests were done on viabtc. all three of the above are quicker than stock bitmain |
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1071
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 10, 2024, 11:23:52 PM
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here is a last call to the hat wearers listed below to participate in the 2nd edition of the Icarus hat-avatar cards  for reference, here is the first edition: [SALE] Icarus Bitcointalk Hat Edition (10 designs)🔐🧢if you want to be a part of this journey, write me a pm kurious, r1s2g3, infofront, bitcoinPsycho, HI-TEC99, Elwar, lightfoot, jonoiv,
Ludwig Von, QuestionAuthority, Kylapoiss, soullyG, goldkingcoiner, starmman, Icygreen, JayJuanGee, Rosewater Foundation, Toxic2040,
Globb0, Arriemoller, Searing, xyzzy099, Speculatoross, ivomm, bitserve, roycilik, BinaryReign,
BobLawblaw, bones261, JimboToronto, Ibian, itod, mOgliE, strawbs, yefi,
empowering, izanagi narukami, Bitcoinaire, kirreev070, Wekkel, crypmike, mfort312, Totscha,
PoolMinor, Gyrsur, BTCMILLIONAIRE, podyx, julian071, Hexah, savetherainforest, Last of the V8s, nutildah, Spaceman_Spiff_Original,
nanobtc, Roombot, bitcoinminer42, afbitcoins, erre, luckygenough56, DireWolfM14, Dabs, VB1001, HairyMaclairy,
Karatma1, Cryptotourist, machasm, rjclarke2000, Willhelm, dogebearman,
becoin, sheenshane, JSRAW, StartupAnalyst, theyoungmillionaire, vapourminer, vroom, dandannn,
Biodom, GreatArkansas, fluidjax, LFC_Bitcoin, mindrust, kingcolex, asche, bitmover, jbreher,
DoublerHunter, FractalUniverse, ChinkyEyes, ErisDiscordia, gentlemand, Lambie Slayer, CryptoNeed, markj113,
600watt, BlindMayorBitcorn, pawanjain, P_Shep, Royse777, Kenzawak, asu, MrFreeRoMan, realsteelboy, DeathAngel,
RapTarX, Tranthidung, SuperTA, _javi_, serveria.com, rdbase, th3nolo, Findingnemo, Olegya199,
cabalism13, ChuckBuck, dragonvslinux, spooderman, psycodad, FullNode, INDYMONEY, BlackHatCoiner just checking i am set up for this correct? |
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1072
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Bitcoin / Bitcoin Discussion / Re: Three basic fact you would love to know about bitcoin
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on: January 10, 2024, 11:00:09 PM
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But I also do think, that even long timers here are still storing some of their stash inside crypto-exchanges especially now of the high fees involved.
The high fees is tiring, everyone are trying their best to avoid paying high fees for their transaction. But I don’t think old timers would risk storing their bitcoins in crypto exchanges for long term. We have too much experience in the crypto space to make such silly mistakes. I believe any coins that is moved to an exchange is going to be spent almost immediately. Exactly, I think because of the recent high transaction fees, investors in crypto currency, especially bitcoin, choose to just store their bitcoin in a wallet and not in an exchange, especially if they will not do anything to it just to hold the assets. This is because they will avoid the high transaction fees. Instead of frequent transfers or sending of assets, they will choose to do it in one transaction so that the fees are worth it. I personally avoid the high transaction fees. That's why if I need to send an asset from one wallet to another, I'm waiting for the fees to get low, as we know the fees may change every day, so if I'm not in a hurry, then I will do the waiting game. I'm sure many investors are also doing this if the transaction is urgent, but if it is urgent, then it will be painful for the sender as he will be the one to shoulder the transaction fees. You do realize that a major exchange will allow deposits and withdrawals vi its LN wallet. KRAKEN does this as does nicehash. So a simple kyc with a small cash deposit allows endless LN transfers cheaply. I am thinking all this will be a boon for exchanges that offer LN wallet access. |
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1073
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Bitcoin / Development & Technical Discussion / Re: Expect the Orginals game to get even bigger - actual games
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on: January 10, 2024, 10:51:13 PM
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Stuffing the blockchain full of unlawfully copied material is an attack, it's probably no accident that they picked the notoriously litigious nintendo as an initial target.
But is it even technically possible to prevent such an attack on Bitcoin? I am not talking about witness data or OP-RETURN, but speaking of the UTXO set where even pruning is not an option. This "exploit" has been there since the inception of BTC. It's impossible to stop people from putting ALL types of data that we don't want. Of course, it gets easier and cheaper with the current implementation, but what has changed in that regard? From an attacker's standpoint, wouldn't it be cheaper to just insert illegal or copyright content into the UTXO set and spend all these millions that are otherwise going to the miners in suing wallets and exchanges, forcing them to shut down their nodes? Also, to what extent is such an attack even feasible? Where I live, by law, I am only obliged not to sell illegal content. If my PC was searched by the authorities and they found some copyright violation, there is nothing they can do to me. It's perfectly legal as long as I am not making money out of it. I can put some cracked software on a pen drive and send it to anyone, and I would still be operating within the legal boundaries of the law. Many countries don't deal with copyrights the way the U.S. deals with it. Is it feasible for Nintendo to go after everyone who runs a full node? Do the attackers really think they stand a chance to kill BTC taking that route? I personally don't think that is doable. I also don't think that Ordinals/BRC-20 are an attack "by design". It's possible that the attack is a probable byproduct, but the main purpose is profit. I think calling them scammers would fit more than calling them attackers (speaking of the devs behind all of this nonsense NFTs/Ordinals/BRC-20 on all platforms), and they feed off the greed that many people think they can sell the scam to someone else at a higher price sometime in the future. Most of you are absolutely fucking idiots. You deserve what you get. Most members here are against Ordinals and BRC-20, not sure why you think they deserve what they get. you will look up and shout "save us!" Well then, maybe "save us now" before it's too late? what do you 'as a former core dev' think the solution should be, what would the average Joe in this forum do to stop this? so if you only care about wealth per dollar and you mine you will switch to other pow coins.
just look at LTC/DOGE vs BTC. what is harder to attack via flooding with data
I believe the reason why other algorithms have a better earning ratio in terms of both power and cost is the fact that a tight equilibrium is hard to reach on them. Simply put, not enough investors trust those coins. In contrast, with BTC, it's the exact opposite. If your $1,000 investment in a BTC ASIC miner makes you $100 a month in profit, you know it would take way too long for that $100 to turn into 0. On the other hand, if that same $1,000 investment makes you $200 a month on another algorithm, you know that it won't take too long to get to $0. It's basically the higher the risk, the greater the reward. I think of mining altcoins as bond class B and BTC as bond class AA. The former is likely to net you more profit but is also more likely to make you lose more. not that true for scrypt. but for other coins very true.bitmain has always pushed dollars per watts and that any coin will do.. My goal if to have Sha-256/scrypt/gpu and switch on and off to what ever works best. because I am thinking they are shoving us that way. do I like this no but do I see it yes. |
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1074
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Economy / Speculation / Re: ETF will probably not approved yet, so BTC and the others crypto will go down !!
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on: January 10, 2024, 10:35:38 PM
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ETF will probably not approved yet, so BTC and the others crypto will go down !!
I heard it today at night from the man, who has that supposedly from a trusted source... Of course it is not guaranteed information, but why risk. When I sell the crypto and the news will confirmed, it will save me thousands, and if not, nothing happens, I just buy it back before the price rises. When I think about it, the more people will sell, the more the price drops, so even if the message will not confirmed, it could help too, because at the same price everyone would get more ...
Hope it will help to people...
PS:
I wanted to put it on Facebook, WhatsApp, Instagram and so on ... but I don't have my laptop with login info, so if someone could help and send that ...
It could help many people ...
Thanks and Bye
You should lock your thread as it is done and over. |
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1075
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Bitcoin / Development & Technical Discussion / Re: Expect the Orginals game to get even bigger - actual games
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on: January 10, 2024, 10:21:49 PM
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Fair enough, I hadn't been considering the ignorant enlisted-- e.g. people spamming out BRC-20 tokens because intentional attackers will buy them-- as attackers. They don't intend to attack, they intend to "use" bitcoin to make money fast it just so happens that the actual attackers have managed to arrange things so that the "usage" is disruptive.
There are plenty of people who are irritated by the high fees created by this traffic who respond with suggestions to eliminate the resource limits, which are the only things holding back the attack and making it expensive-- and that's more where my warning applies.
And right you are that neither the attackers nor many of the people just trying to make a quick buck on the traffic give a damn if bitcoin is worth anything 5 years from now. But for the same reason, their concerns shouldn't weigh highly in everyone else's evaluation.
because this is to crush btc maxers basically this is all about power into wealth.. so if you only care about wealth per dollar and you mine you will switch to other pow coins. just look at LTC/DOGE vs BTC. what is harder to attack via flooding with data So if you want all your pow to be BTC it is tough risk |
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1078
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Bitcoin / Mining speculation / Re: 2024 Diff thread happy New Years.
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on: January 10, 2024, 09:18:34 PM
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it becomes a 50% discount and as fuzzy mentions instead of ordinals video games 🎮 will be used and on and on and on.
people need to learn and use ln
Unfortunately I still can't see LN as a solution/alternative. The alternative cannot be more complex than the main model. It has to be at least the same, or even simpler. For me, these are the things that need to be on a second or third layer, not money transactions. But this is my view, which is irrelevant. well it would be complex to stop ordinals . even if you say no tx bigger then 5000bits an ordinal guy could do 100 5000 bit inputs number 01 to 100 and boom 500,000 bits used. |
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