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2721  Economy / Economics / Re: Early Retirement [Pros and Cons] on: October 06, 2023, 06:18:43 PM
When you start pension collections will you live in your country for retirement. When I retire I'll keep my house in my country to stay close to family. I love my country it's my roots but I don't want to retire here. If I'm getting good pay from pensions or investments I'll share time abroad for new enjoyable experiences when I'm old.

I used to think this. but covid 19 restricted my movements along with my wife so we stopped travel for 2-3 years. We both got very sick 2019-2020 to this day we still have damage from covid so we have cut travel back a lot. Some advice if you are younger then me (66) take a trip or 2 before you retire since you may find it hard to do when you do retire.
2722  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: October 06, 2023, 06:15:20 PM
Repairs for electric cars are easier. Much less moving parts. The issues of bad are long time to fuel them up. A Tesla and a supercharger is over 20 minutes. I still see a fast fill up smaller pack that swaps in and out of cars as the best answer to speed up fill up time.

Other issues are flooding. If you car is on the street and floods the lithium battery could be damaged and explode. No fix in set for this as of now.
2723  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 06:07:56 PM
I got a strong feeling for page parity very soon maybe by Oct 23rd my demented bro-in-law's birthday. soon very soon.  BTC is aching for a huge explosive blast upwards. @no homo
2724  Economy / Economics / Re: I am forgetting the value of money. on: October 06, 2023, 06:00:13 PM
Yet today people keep wasting money to subscribe to Netflix to waste more time watching movies. $20 for a premium plan every month.

The financial situation will get worse as more are jobless while companies are going bankrupt. Everywhere in the world is not working well, people now have been trying to make it with 2 to 3 jobs at the same time to make ends meet while they start getting used to having 2 meals a day.


20 A MONTH FOR NETFLIX is terrible for some, but for others it could be smart. 100 a month on Starbucks is a larger issue.  Many people get 5 lattes a week for 25 bucks x 4 weeks = 100 bucks.

I can make good coffee in my home for 8 bucks a week or 21 a months add the Netflix for 20 and I am at 52 a week vs the 100 for Starbucks and no entertainment.

Leisure spending is complex. If I watch 3 chick movies a week with my wife and it pleases her. She in turn may want to please me more often each week  which is well worth it. ($20 a month on Netflix)
2725  Economy / Speculation / Re: Does bitcoin price increase after halving? on: October 06, 2023, 03:02:38 PM
If you're weighing up buying before the halving because you're expecting the price to increase you're taking risks. You don't know what's going to happen to Bitcoin's price so don't gamble on your investment. Be careful when you're buying cryptos. Investments are risks so you can't believe online advisors.

Well we have no idea why he asked the question. But it may be he or she wants to find courage to buy or hodl based on our replies.

AT op "the past is just a good by"
comes from this song below

https://www.youtube.com/watch?v=dQOaUnSmJr8


If you invested and are hodling right now at an underwater price.

the question is can you afford to lose every Penney of it? if yes than hodl it till it goes up.

If you can not afford every Penney of it to be lost how much  of it can you lose?

Keep what you can lose and sell the rest.


If you have not a single penny's worth right now figure out what you can lose.

say 3000 usd.  buy 1000 of btc right now and dca 200 a month for 10 months in a row..  Once the 10 months are up report back to this thread and tell us how you feel about spending that money.

BTW this is not advice but it is simply what I would do if I had an interest in btc. good luck whatever you choose to do.


2726  Economy / Speculation / Re: Bitcoin Up Move Incoming on: October 06, 2023, 02:42:21 PM
It will be going up for sure from here <...>

What degree of probability do you assign to the rise? Charts, however logical they may seem, can always fail. I tend to think quite probabilistically, even though I don't rely on charts as I invest for the long term, but I trust someone's prediction if he gives a percent estimate of the next market movement according to his analysis more than someone who says that the price is going to go up for sure, which would be the same as assigning a 100% probability. We have to think that there is a world outside the analysis, and a negative news can pull the price down.

personally I think his charts comply with my miners relief rally patterns.

Check Oct 2015 to April 2016 rally into the 1/2 ing

we had a good move up starting with 33% in Oct 2015.

that would be 27k to 36k for oct 2023.  So I am hoping both of us are correct.
2727  Economy / Economics / Re: I am forgetting the value of money. on: October 06, 2023, 02:34:20 PM
In my country, even $5 is considered a reasonable amount for the lower middle class. I spent $5 to purchase a seemingly worthless movie or music subscription, and I fall into the lower middle class category myself.

I've begun to realize that I may be losing touch with the value of money due to exposure to the vast sums and high salaries of people online. In the past, when I had no access to the internet and a phone, I used to carefully save every cent and think twice before spending just $1. However, now I find myself spending more without a second thought.

This realization struck me when I observed a lower middle-class woman desperately asking to borrow less than $1 for nearly 10 minutes, enduring shameful comments from the shop owner. She needed to borrow this money because her husband wasn't earning anything, and their financial situation was such that they didn't have the luxury of saving; they earned daily and spent daily.
What can I do to remember the importance of money and spend more carefully?

Create a thread so that you can read and reply with others as to what to do.
Come back to that thread every day for 2 months and always figure a way to reply to it.

Re read that thread. Often.

So far you wrote the thread on the 6th of October. Nine replies to it in less than 6 hours. Come back to the thread read them and talk back to us no later than tomorrow.
2728  Other / Meta / Re: How to check post bursting through ninjastic space on: October 06, 2023, 02:29:44 PM
I believe that even top posters won't be able to make 10 constructive posts in an hour because we as humans need to have some rest after making some posts.
I guess it would depend on the strict definition of "constructive".  If that doesn't necessarily include post length, 10 posts in an hour is not only possible but I think I've done it before and probably others have as well.  Sometimes there are discussions where there's actually back-and-forth conversations between members (which unfortunately isn't the case most of the time), and if that back-and-forth is fast enough, it'd be easy to make 10 or more in an hour.

I don't think rest has anything to do with posting.  It's more a matter of finding threads that catch your interest and in which you can write something halfway decent instead of just writing a very generic, vague, and poorly-constructed series of words--and that's generally what burst posters do.  I've seen them in action plenty of times, and I can say with certainty that there's only one exception that I've ever seen to that rule but I'll be damned if I can remember that member's name.  He got called out for it, but the stuff he was writing was by no means crappy.

This the most important part of writing a good reply post to a thread. Find something you understand and can relate to. I am in posting and reading mode at the moment. I read 1 or 2 pages of a section. I look at 1 or 2 pages of my last posts. I look at the last 20 posts I merited and I look at the last 20 posts I got.

I read 3 pages of
meta
I read bitcoin discussion
I read economics
I read mining

And this can all take 2 hours time I may only find 2 threads to reply to.  Or six or 7.

This is a routine I do 2 times every day so say 4 hours a day on the forum is very typical time frame for me.

But mining and gear sales is my business. They got slow and I opened a signature I do not do that very often.

In order to do a good job I spend more time looking for good threads .
2729  Bitcoin / Legal / Re: Local bitcoin exchange KYC tax is dead/exempt now? on: October 06, 2023, 02:09:01 PM
Also remember that kyc info has value.
Here is a case of what I mean:

So I work in Finland for Local bitcoin exchange and have access to it , "the kyc data base."

Pretend that  10,000 USA names were on the list.

The USA is 7 years for fraud.  The USA pays a 10% bounty on tax cheat money recovered.

Since I see the USA list and I now we are going out of business I copy the list. I know have 10,000 names and kyc I can sell to the USA and legally make money . (in Terms of USA law) maybe not in terms of Finnish law.

So I am holding the list and living in Finland Russia is acting crazy crazy and I am only 26 years old. I say fuck this bring my list to the USA and make a deal.

All of the above is not known to be real but it could be real.

At the op if you are a USA citizen and the amounts are big (100K) you should be a bit paranoid.

I can not speak for other countries but I know a bit about USA .

I would think 2029 or 2030 you could stop worrying.
2730  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 01:55:57 PM
Am I the only one here who enjoys watching the mempool shrink!...

https://mempool.space/

I have a one screen dedicated for Bitcoin mempool...

I prefer looking at this site

https://jochen-hoenicke.de/queue/#BTC,2w,fee


and numbers are decent at the moment.
2731  Bitcoin / Hardware / Re: Heating a Space via Mining on: October 06, 2023, 01:50:40 PM
you will use 5400 watts so you need a 30 amp 240 volt circuit

240v won't cut it for the hydro miners, you need 3 phases 380-415v (10A on each phase), depending on your country specs, for anyone who doesn't know what 3-phase wiring is, you can't just use three wires coming from the same phase and assume the miner will work, most houses will likely run on a single phase setup, so it won't be easy to supply 3 phase appliances,

Hmm, I don't get the part about the v here.
Speaking just for my area but in Europe, we've changed from 380v to 400v transmission before consumer so the phase is up from 220v to 230v but we are on 30A here so my 4000W oven has no trouble with it.

Isn't this more a thing of maximum kvA rather than voltage?

It reads that the psu takes  380-415ac

that's 3 phase.

which means 3 hot wires not 2.

most homes in usa have 2 separate 120volt hot wires which will give 240 volts single phase.

my mine is 3 phase  460 volts there are 3 hots which our transformer drops to 232 volts 2 hots

If you are buying this miner it is commercial if you are in USA as home do not have 3 phase.

thanks to mikeywith for finding that.


"https://shop.bitmain.com/product/detail?pid=000202309271329420372NbWET50062F

Specifications
Purchasing Guidelines
Warranty
| Specifications

Product Glance   
Model   S21 Hyd.
Algorithm | Cryptocurrency   SHA256 | BTC/BCH/BSV
Hashrate, TH/s(1-1)   335
Power on wall @35°C(1-2), Watt(1-1)   5360
Power efficiency on wall @35°C(1-2), J/TH(1-1)   16.0
Detailed Characteristics       
Power Supply       
Power supply AC Input voltage, Volt(2-1)   380~415V AC   
Power supply AC Input Frequency Range, Hz   50~60   
Power supply AC Input current, Amp(2-2)   12   
Hardware Configuration       
Networking connection mode   RJ45 Ethernet 10/100M   
Miner Size (Length*Width*Height, w/o package),mm   339*163*207   
Miner Size (Length*Width*Height, with package),mm   570*316*430   
Net weight, kg   12.3   
Gross weight, kg   13.6   
Environment Requirements       
Inlet water temperature, °C   
NEM(2-3)

HEM1(2-3)

HEM2(2-3)

35

45

50

Water flow, L/min   8.0~10.0
Water pressure bar   ≤3.5
Working fluid(2-4)   Deionized water/Pure water
Liquid PH   8.5~9.5
Diameter of water pipe connector, mm   DN10
Storage temperature, °C   -20~70
Operation humidity(non-condensing), RH   10~90%
NOTE:

(1-1) The Hashrate value, Power on wall, and Power efficiency on wall are all typical values, The actual Hashrate value fluctuates by 3%, and the actual Power on wall and Power efficiency on wall fluctuate by 5%.
(1-2) Inlet water temperature.
(2-1) Caution: Wrong input voltage may probably cause server damaged.
(2-2) Three-phase AC input, 10 A per wire.
(2-3) NEM: Normal Energy Mode; HEM: High Energy Mode.
(2-4) If the water conductivity is ≥100 μs/cm, the fluid must be replaced. The water conductivity is less than 20 μs/cm when the system is running at the first time."
2732  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 03:46:10 AM
buddy sandwich 🥪

And one more for good measure. Also Phil thanks for running the mining diff guessing game. I haven’t checked diff daily since I mined Btc!

I will be running another next jump. I needed a break to do my taxes.
2733  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 03:30:24 AM
buddy sandwich 🥪
2734  Economy / Speculation / Re: If you could be a dictator of USA how would you use POW coins to help? on: October 06, 2023, 03:23:38 AM
Just the manure on the plants is simple and works already.   I mostly comment to disagree with the weakest point of your argument.   Dont place all power with one man, or women even.    You are not creating a stronger system by attempting to force something to be true.
   If a free market cannot find a way to making your ideas true then perhaps they should not exist or there is some unforeseen problem.  The dictator idea is a failure, outright and in many minor ways if nothing else one person can die then you likely just end up with some military or cartel dictatorship.   People fought and died to have democracy, study and value a little more before dismissing its value even if we have a tattered worn version now.   I dont believe we do have free markets currently that may be the impediment to your ideas then directly altering democracy.

off topic.

The free market is the issue in this topic. Yuma Arizona has a huge food lot for cattle 🐮.

And there is so much shit it constantly pollutes the irrigation canal system.

Btw free market is so much not a free market in the USA its funny to even talk about it as if it exists so it must be best method to do.  This discussion belongs elsewhere.
2735  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 02:25:42 AM
how close are you to the bigass canada gold mine.

filter your u drinking water 💧.
2736  Economy / Economics / Re: A big win for crypto again on: October 05, 2023, 06:49:13 PM
Is this really an Economics thread? More like Politics...

This is not a huge win, since McCarthy wasn't against bitcoin. Here's one of the things he had to say about it:
"Senate Democrats are now targeting people who have bought cryptocurrency. They think the tax code should treat the crypto ecosystem the same as it had been treating stockbrokers since 1954. That's not what I'd call 'progressive."

Of course his successor is pro bitcoin and anti SEC, but it's not like we've managed to get rid of Elizabeth Warren, or kick Gensler out of the SEC Wink

The crazy world is what we are living in now. IRS is even going to tax people who profit $600. It used to be $20k, a great leap under.

The change of speaker seems giving crypto holders hope for progress though and I think we may finally see the light at the end of the tunnel. If many lawmakers grilled GEnsler the other day on the hearing, this time there is support from this new speaker. I guess they may be able to grill Gensler on the Senate, if they also do a hearing on the Senate.

Can they fire Gensler thru senate? I think this is what they need for Spot ETF to go through.

Yeah it is fucking nuts. 600 is far too low of a number.  I get that 20,000 was easy to abuse. Sy a husband and a wife and 2 kids you could do 80,000 but 600 is too fucking low.
2737  Other / Meta / Re: [LOG] The ranked up members - Congratulations! on: October 05, 2023, 02:54:13 PM
This is the first part of the list of users who have more than 2000 merits:

Note: These logs have been published here because there are already too many members on the main page.

DateUser nameComment
1)1/26/2018theymosadministrator of the forum [merit source]
2)9/27/2018LoyceVloyce.club website creator [merit source]
3)11/27/2018suchmoon[merit source]
4)12/9/2018The Sceptical Chymist[merit source]
5)1/26/2019achow101moderator of the section "Technical Discussion" [merit source]
6)2/25/2019Vodbpip.org website creator
7)2/27/2019gmaxwellmoderator of the section "Technical Discussion"
Cool3/21/2019xhomerx10
9)3/30/2019Last of the V8s
10)3/31/2019DdmrDdmr[merit source]
11)5/5/2019qwk[merit source]
12)5/8/2019hilariousetc
13)5/8/2019satoshifounder of the forum (no activity for Legendary)
14)5/21/2019Lauda
15)5/22/2019El duderino_[merit source]
16)6/6/2019o_e_l_e_o[merit source]
17)7/28/2019nutildah[merit source]
18)8/14/2019LFC_Bitcoin[merit source]
19)8/31/2019ETFbitcoin[merit source]
20)9/12/2019JayJuanGee[merit source]
21)9/16/2019DarkStar_[merit source]
22)9/28/2019BobLawblaw[merit source]
23)9/30/2019gentlemand
24)10/24/2019Carlton Banks
25)11/2/2019pooya87[merit source]
26)11/18/2019yogg
27)11/21/2019jojo69
28)12/4/2019philipma1957[merit source]
29)12/6/2019yahoo62278
30)12/8/2019SaltySpitoon
31)12/19/2019HCP[merit source]
32)1/2/2020Hhampuz
33)1/4/2020fillippone[merit source]
34)1/10/2020minerjones
35)2/5/2020mocacinno
36)2/27/2020mikeywith[merit source]
37)3/18/20201miau[merit source]
38)5/8/2020VB1001
39)5/15/2020Welshmoderator of the section "Announcements (Altcoins)" [merit source]
40)5/16/2020TryNinja[merit source]
41)5/21/2020infofront[merit source]
42)5/25/2020OmegaStarScreammoderator of the Arabic local board [merit source]
43)5/27/2020mindrust[merit source]
44)5/31/2020marlboroza[merit source]
45)6/11/2020TheBeardedBaby
46)7/10/2020actmyname
47)7/21/2020Foxpup[merit source]
48)8/24/2020bob123
49)8/28/2020Ratimov[merit source]
50)9/4/2020Jet Cash[merit source]
51)9/17/2020OgNasty[merit source]
52)9/22/2020d5000[merit source]
53)9/26/2020Paashaas
54)11/2/2020bitmover[merit source]
55)11/5/2020Lucius
56)11/10/2020nullius(no activity for Legendary)
57)11/24/2020HairyMaclairy
58)12/16/2020zasad@
59)12/24/2020tranthidung
60)12/28/2020cAPSLOCK[merit source]
61)12/28/2020Globb0[merit source]
62)12/30/2020Toxic2040
63)1/5/2021JimboToronto
64)1/19/2021Quickseller[merit source]
65)1/24/2021DireWolfM14
66)1/29/2021babo[merit source]
67)1/30/2021LeGaulois[merit source]
68)2/3/2021Torque
69)2/9/2021600watt[merit source]
70)2/28/2021Elwar
71)3/10/2021stompix
72)3/12/2021NeuroticFish[merit source]
73)4/2/2021ranochigo
74)4/5/2021krogothmanhattan[merit source]
75)4/13/2021Pmalek[merit source]
76)4/15/2021jackg
77)5/24/2021DannyHamilton
78)5/26/2021Hueristic[merit source]
79)6/5/2021mjglqw
80)6/8/2021Rikafip
81)6/16/2021bitebits
82)7/6/2021CryptopreneurBrainboss[merit source]
83)7/7/2021Rath_[merit source]
84)7/14/2021ibminer
85)7/14/2021franky1[merit source]
86)7/22/2021lovesmayfamilis
87)7/24/2021dkbit98[merit source]
88)7/27/2021jeremypwr
89)7/29/2021Plutosky
90)8/10/2021nc50lc
91)8/18/2021DaveF
92)8/23/2021vapourminer[merit source]
93)9/4/2021NotATether[merit source]
94)9/6/2021hilariousandcoglobal moderator [merit source]
95)9/9/2021odolvlobo
96)9/11/2021lightfoot
97)9/13/2021cygan
98)9/19/2021marcus_of_augustus[merit source]
99)9/25/2021abhiseshakana
100)9/29/2021Biodom

This post will be updated.

See the latest logs on the first page.

Maybe bump it to 2500 or 3000 merits. It would be a better indicator especially those that got 1000 merit drop.
2738  Other / Off-topic / Re: If you are becoming a billionaire in 2025,buying a large ship should not be goal on: October 05, 2023, 02:48:30 PM
I didn't know that most of the government are eradicating poverty, they are not even trying, believe me.

And, you don't have the rights to tell anyone not to buy whatever they wanted to buy because of shouldering the government's responsibility to give jobs to the unemployed poor people, free houses, etc. I don't also think not buying a large ship will help poor people from poverty. To solve poverty, we should stop electing corrupt politicians, stop vote buying, because we're the one who are going to suffer in the long run because of it.

well this website allows free speech so he can say it. As for the solution to the poor blowing up the entire planet and killing everyone of us is the only way the governments could end poor people. It is simply a sad truth that some people don't mind being poor.
2739  Economy / Economics / Re: Women are more economical than men. on: October 05, 2023, 02:44:43 PM
We had this argument where I was the opinion that most men spend money on things that they are obligated to and cannot control it at times due to responsibilities, men are used to spending money already and because of being used to it, they can find it hard to be as economical as women can be. Do you agree with this unpopular opinion that women are more economical when it comes to money and are able to manage themselves and their homes better than men do?

No it will always vary person to person.
It will also vary culture to culture.

Cultures that force women to stay in a home make kids and keep house will have a different result than cultures that allow women to work and be independent.

I am USA based and I have seen many women with jobs and independent living plenty of them waste their money just as much as men do.
2740  Bitcoin / Hardware / Re: Heating a Space via Mining on: October 05, 2023, 02:40:21 PM
Getting a notification email for this topic, thought to chime in. Last year had to get a room warmed up so the new plaster would dry. After two days of settling, it had to have both air flow and light heat for the water to evaporate, so I dusted off the old L3+ miner and set it up to run air around the room while running an air dryer at the lowest setting. Didn't bring much in in coin, but was a fun to show to the workers that dropped by.

Another thing I've been thinking of is linking liquid cooling from for example a bitmain machine (https://www.coindesk.com/tech/2022/03/14/bitmain-says-new-liquid-cooling-miner-is-its-most-power-efficient-model-to-date/) to a central heating system. Mostly it's using gas to heat water to run through the radiators, but with an abundance of solar panels, even in winter there could be overproduction. Instead of pushing that back into the grid, could be used to heat and mine. unfortunately bitmain isn't giving them away exactly very cheap.

Bitmain has a newer version

https://shop.bitmain.com/product/detail?pid=000202309271329420372NbWET50062F&locale=en&region=en


and there are a few aliexpress companies that will provide a single unit cooler for it.

you will use 5400 watts so you need a 30 amp 240 volt circuit

5400 watts is about 18000 Btu of heat.
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