Explanation
Chartbuddy thanks talkimg.com

Let's be real, 1GB blocks can't be compressed down to 1 MB and that's the problem. Also, since the number of bitcoin users and number of bitcoin transactions increase, as well as the computer hardware is getting better and cheaper, there is absolutely no argument to say that increase in block size is either bad or unaffordable. It's a simply demand and supply process. When demand is high and supply remains the same, then prices increase. In our case, demand is getting very high and supply remains as low as it was when only hundreds of people were using Bitcoin.

But to be frank, in our case, the main problem is not block size (it's still a problem though) but Bitcoin Ordinals. If this problem continues to exist long-term, then something should really be done to give people a relief. If anyone thinks that high fees are okay and people will pay for it, then that person is very wrong. High Bitcoin fees will only make altcoins a better choice and make them more popular.

The exact required fee rate in sat/vbyte depends on number of inputs and outputs.

For a transaction with 1 native segwit input and 1 native segwit output, 10 sat/byte would be around 17.5 sat/vbyte.
For a transaction with 1 native segwit input and 2 native segwit output, 10 sat/byte would be around 15.9 sat/vbyte.
For a transaction with 2 native segwit input and 1 native segwit output, 10 sat/byte would be around 19.2 sat/vbyte.
For a transaction with 2 native segwit input and 2 native segwit output, 10 sat/byte would be around 17.8 sat/vbyte.

Hi everyone,

I have an Antminer S19 90TH with amlogic board running close to 6 months with 8 inch exhaust fan and shroud. At full hashrate, the power draw is only 2600W. Another similar unit is drawing 3000W. Ambient temp around 26deg C. Whether colder or hotter the ambient temp, the power draw is around 2600W. I have tested with multimeter and even plug in different sockets. Same results.

I am wondering how I may duplicate the lower power draw with the other unit as well.

Thanks for all the advice, suggestions and comments in advance.

Based on a recent incident I came across on X, I have realized that a lot of us don't actually practice what we preach when it comes to the safest way to hold bitcoins securely.

Many of us, the Bitcoin OGs are quick to advice newbies to get a hardware wallet, that it is the best way to hold bitcoin and other supported crypto assets securely, but coming back to ourselves, many of us don't do the same, probably out of over confidence in ourselves that our wallet can never be hacked due to our already vast knowledge in crypto.

I am making this thread to let us all know that nobody is safe, be you an OG or newbie, you need to get yourself a hardware wallet if you must hold your bitcoins and other crypto assets with rest of mind.

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I came across a post from this dude on twitter whose bitcoin wallet was hacked, and all BTC25+ held since 2012 he said belonged to him and his father were all stolen, this is one lost that will be very hard to get over, holding 25+ bitcoins since 2012 and just one day, in a twinkle of an eye, it's all gone.

Anyways, in a 5 minutes video he posted on X which i will share below, he did mention always advising people to get a hardware wallet and store their bitcoins on it, meanwhile he himself doesn't own or use one, due to his confidence that he could never be hacked, but unfortunately, it happened, he got hacked.

This is something for us all to learn from, nobody is an expert when it comes to online security of your bitcoin and your funds, get a hardware wallet today to significantly increase the safety of your funds.

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Here the link to tweet on X - https://x.com/RMessitt/status/1723141037856596175?s=20

Click the shot to watch his 5 minutes video also on X..

I've been using Wise for years and sometimes use it to make transactions. Yesterday, I sold 26usdt for $25.78 on my Wise account. And today, to my surprise, they told me my account was closed and gave me until February 8 to take all my money. And once my Wise account was closed, I could appeal.

In your opinion, is it a good idea to send them an email and acknowledge that I used Binance to make the transaction yesterday and that I will NEVER do it again? Will they accept this excuse, since I didn't know they refused this kind of transaction from someone who owns Wise?

Here's the message I'll send in the email:

Dear Wise Customer Service,

I am writing to appeal the closure of my Wise account. My account has been closed because of this 25.78 USD transaction I received from Dmitry Soloviov for exchanging or trading crypto-currencies I had in my Binance account in order to get this money to pay my bill. You know I'm doing this because you don't have the MonCash payment system, because the money was in my account. And from what I understand from reading this, this constitutes a breach of your customer contract.

I am truly sorry for having violated the customer contract. I didn't realize that exchanging or trading crypto-currencies was prohibited. I know this now by reading your rules. I have been a loyal Wise customer for many years and have never violated the customer contract before.

I promise never again to trade or exchange crypto-currencies using my Wise account. I fully commit to the customer contract in the future.

I have learned a valuable lesson from this experience and I am confident that I will not make the same mistake again. I would be very grateful if you could reconsider your decision and reinstate my account.

Thank you for your time and attention.

Yours sincerely
Richardson Oge

NOTE: Please take the time to read this and let me know if you think they will reinstate my account so I don't have to wait all this time to appeal?

I thought we reached that point at the start of last month. The fact that fees suddenly dropped to the minimum and a month later suddenly went up again makes me think there are only a few who create millions of "Ordinals".

I feel that when Bitcoin is reaching peak prices, all news sites cover the news. As a result, lot of new users come to Bitcoin. As a result, this can be a good time to invest in promotion of crypto affiliate programs. The chances for conversions will be higher as Bitcoin popularity will already be in mind of people.

https://www.coindesk.com/consensus-magazine/2023/11/13/the-irs-is-making-crypto-compliance-impossible/


The IRS states, “A specific identification of the units of a digital asset sold, disposed of, or transferred is made if, no later than the date and time of the sale, disposition, or transfer, the taxpayer identifies on its books and records the particular units to be sold…”
If a taxpayer uses a broker they must instruct the broker which digital assets they intend to sell before-the-trade. In the case of a broker taxpayers must:
Identify and document digital assets in their own records
Tell the broker to sell the assets they’ve identified
The IRS states, “…the taxpayer specifies to the broker having custody of the digital assets the particular units of the digital asset to be sold…”
Now, if you don’t meet the spec id requirements, your basis defaults to FIFO and you could incur a gigantic tax liability. Your spec ID gets recalculated under a FIFO basis.


you guys better hope this little rule doesn't pass because if it does then you are screwed if you live in the usa.

I think there are applications and websites that can help you covert anything to any form of bar code that you want, but making your address appear in a human face, especially the face of the wallet owner, makes no sense to me.
 
Like, where is the privacy? Or you don't use bitcoin as a means to hide your identity. Doing that typically means telling people, Hey man, this is my address, and whatever is in there are all my holdings, which they can use to trace who you are in real life.
 
If the person is not worried about government traits, how about his own seclusion and security? Doing that with a large amount of bitcoin at such an address can make you a target for fraud and theft, who will start stocking every bit of your movement until they rob you of those holdings.
 
Our bitcoin holdings should be kept private, and doing so is not private; anyone can easily identify who is behind that barcode, unless you are never going to make that barcode public; if not, it's not safe at all, IMO.

Based on your experience as a miner, do you think it is still possible to be a garage miner nowadays?

I always had the "dream" of having mining equipment, but I never took this adventure. I think that every day that passes further reduces the possibility of having one and that it is minimally profitable. 

To be eligible to use ViaBTC free accelerator, the fee rate must be equal or greater than 10 sat/byte, not 10 sat/vbyte.

And in addition to fee rate and size requirements, there's another requirement too, and it's that the transaction must not have any unconfirmed parent.

Philipma post a lot on daily basis as regular posting habits. He is easy to notice if you are regularly browsing on mining board and wall observer thread. Probably this user is just trying his luck on asking merit to Philipma since he seems so approachable and friendly on most of his post.

We are not sure too if this user only ask to Philipma or to other user too with high merit count.

Didn't even know about bpip.org!  Thanks for posting, interesting info on all of us over there.

What was the best performance you managed to get on the S19xp?

The base model is announced as 141T with 3031W. How long were you able to reduce your W?

I generally think that the crypto world needs at least 2 or 3 strong decentralized chains (i.e. not managed by a closed team which premined or instamined most of them or sold them in an ICO) apart from Bitcoin.

Currently Litecoin, Dogecoin and Monero are the most prominent ones. And as Litecoin is easier to use than Monero, and is not as hypervolatile (and Musk-dependant) as Doge, I support the notion that it is sort of "underrated". Even if it is used quite a lot actually.

There used to be Dash but it has lost ground and also its decentralization is less marked. I think the current best contender to complement BTC, LTC, DOGE and XMR is Kaspa but its launch wasn't as fair as LTCs (more comparable to Dash) and thus the centralization dangers are higher.