The mining algorithm has nothing to do with transaction fees.

I use Trezor one cold wallet.
The old segwit address had very low BTC.
We supposedly sent the remaining BTC to the new segwit address.
Mining fees are still very low.
We made the transaction on 11-11-2023.
I think it's at the bottom of the list because the mining fee is so low.
Will this transaction be confirmed in 1-2 years?
If you write your ideas, we will be informed.
Best  regards.

https://explorer.viawallet.com/btc/address/bc1q2jrecvg8u80rsymugyy3z945dph87m86n5k8jz


https://bitaps.com/bc1q2jrecvg8u80rsymugyy3z945dph87m86n5k8jz

I don't know if this an American initiative. I haven't read about any gases powering bitcoin miners before what the OP's saying about Utah. I'd say it's a gimmick if they can't power plants specifically to power mining farms. If they're putting turbine power in the grid it's going to be used for commercial and domestic use not only for mining.

Methane, hydrogen, solar, hydro electric they've all been used in the past as options but did the power plants use them?

The fees are already too high. The best time to open a lightning channel is when fees are low because it requires an on-chain transaction. Lightning is meant for smaller payments so perhaps you shouldn't move your entire cold storage to lightning. I would just open a channel big enough for a few payments and occasionally top it off.

He should let ViaBTC mine a block and the transaction would be confirmed.

I was unable to check it from blockchair.com, but I saw it on https://www.blockchain.com/explorer and https://blockstream.info.

https://blockstream.info/tx/3fc2ebf7dd2ce21a8b7a68545942c0d1b8f0f141f8a4c91865031eb65a5e4209
https://www.blockchain.com/explorer/transactions/btc/3fc2ebf7dd2ce21a8b7a68545942c0d1b8f0f141f8a4c91865031eb65a5e4209

Which means it has not been dropped from nodes of some mempool and also not displayed to be invalid on ViaBTC accelerator and can still be confirmed and it will not take up to 4 to 5 hours before ViaBTC will mine the next block.

The mempool is over 170 sat/vbyte and not worth to rebroadcast the coins. Also the sender's wallet is not his, although I doubt if it is from a custodial wallet as it is of low fee and also supporting replace-by-fee.

Edit:
ViaBTC mined block 817095 and the transaction has been confirmed.

It could be, but I don't know, I think the cost for such a setup would be pretty high, especially with the new hash boards that use busbars that need to click-tight to obtain proper voltage, the hash boards can't be just hanging in free air, so the rack/mount that holds them needs to carefully designed, but ya, Bitmain folks are smart, am sure they would have figure a way to safely abused new gears and still sell them as brand new, I just highly doubt it's as simple as many people think, as in, they don't just put the whole miner as is and then dust it off and send it, they would have been caught a long time ago if they did that.

The Bitcoin monthly and weekly charts are still looking incredibly bullish. I just see higher and higher lows. Someone is snatching up all the BTC… I think we gap back up to test $38K in the next couple of days. Must resist the urge to take profits…

Neither in favor, nor against.

Bigger blocks pros:
- Less congestion.

Bigger blocks cons:
- More time required for verification (right as well as storage requirement).
- Mining becomes less competitive.

I agree, though, that even lightning is getting expensive to work with 4 MB block size limit (and there isn't a lot of demand for lightning yet).

There is something not right about this winter, today I had to turn the AC on (on cold) because it was a bit hot, usually around this time of the year it's actually pretty cold, not too cold whereby you need to run AC on hot, but you would need to at least where long sleeves and use a blanket at night, looks like we are going to have a warm winter, not sure how things are on the other side of the planet.

---

I see I don't claim Bitmain won't do such a thing, they are dirty enough to sell used gears as new, and this "theory" has been there for many years, however, I find it technically difficult to implement, am sure the two of you as everyone else in this section have had brand new gears before, brand new gears are just different, heck, even the smell is different before they start running for the first time.

I mean, running gear for a while and then selling it as brand new to someone who knows a lot about miners isn't going to be an easy task, I have a habit of disassembling some brand new gear when I first receive them (because I know I can't send them back for warranty claim if they arrive DOA), and those gears look sparkling new, running them for a few days will most certainly put a mark on them.

Not saying it's impossible, but if they do it, then they need to run those gears in a super clean environment, like server room grade, but then again they need to add that "fresh plastic/solder" smell.

Have there been any incidents where someone reported receiving gears that they at least "doubt" the brand-new claim? since the lawsuit against bitmain for having their pool by default in all brand new miners (I think around 2018-2019) all of their miners come without a default pool, out of the millions of gears they have sold ever since, have they not missed removing the trails of at least a few miners?  

Or maybe they have a way of using the hashboards before assembling them in the miner, like a huge hashboard-rack where they can abuse the hashboards before going into the final assembly? that way they can clean them and put them in fresh miners with brand new fans where everything including the screws would look as if they have not been used before?

Look at it as enforced savings. You don't want to move your BTC to buy something since it costs so much in TX fess so you don't spend it. More for you later :-)

But, seriously. This too shall pass. No idea when, but sooner or later the 'next big thing' in crypto will appear and BRC20 will stop being used and fees will drop and things will get back to normal. Next week? Next month? Next year? No idea, but it will happen.

-Dave

I have a whatsminer MS30. I scrapped a Core Scientific DL SeKU-2R5S12 power supply with an input of 100-240VAC 50/60Hz 15A max and an output of 13.2Vdc/184A @230Vac 13.2 Vdc/116A@120Vac. I made a new board out of aluminum with the leftmost connection between the board and the power supply cut off (the one that looks like an L) and connected that one to my power supply, as detailed here:
https://bixbit.io/en/documentation/connecting-an-additional-power-supply-unit/2-the-connection-procedure-of-the-additional-power-supply-unit .
On startup, I am able to get it to about 100 TH until  it seems to overheat and I get error code 5050. The new PSU is connected to only one hashboard.

They ^^ should have moved the body away from the power lines but left it up there as a stark warning to others and to showcase how stupid the thief was....

As you can see, I meant it for the legendaries who did not earn many merits in their forum life. I was giving him an Idea that even though they are Legendary members, it does not mean all of them are knowledgeable enough. I have seen a lot of Legendary accounts that failed to earn 100 merits in the last five years. They have lower credibility than a Full member who earned 100 Merits in the new era.

Now, if you talk about Badecker, he has earned around 355 merits after the air-dropped merits. Now, look at the number of posts he made in this forum. It's almost 40K. Earning 355 merits against nearly 40K posts is not too much. I am going to hit 1600 Posts this week, and I have earned almost 500 merits, and I still think sometimes I write shit.

I know.
They will probably release Raspberry Pi500 with huge silent cooler, something similar exist already for RPi400.
Even with good silent fan it is probably going to be more silent than regular computer.

It's not cheap, but it's cool and small.
For people who want something stronger I would suggest used Thinkpad laptop T series, they are built like tanks, but they are not loud

You can find a bunch of used NAC devices everywhere, and you don't need latest processors for Bitcoin node.
I tested one few years ago, but it was a bit more loud for my taste.

miners should be doing okay nowadays, right ?

TBH I've put franknbeans on ignore; that way I'm not tempted to respond to him, even though I still end up talking about him   it is indeed a minor shame

Dozens - perhaps even hundreds - of threads have been derailed by him over the years. Whenever he posts, discussion usually devolves back to the same tired blocksize debate and completely away from the topic at hand.

To get things back on topic, fees are totally fricken out of control at the moment, JFC.

I believe that Bitcoin will rise to $38,500-$39,500 later this month is that realistic

And that (fire) is exactly what happens when folks who have no idea what they are doing try to DIY high power electrical circuits....
I DO hope they've learned a lesson (though I also doubt it...).