Long overdue update.
I ended up heating the office trailer for 2 winters (2014 and 2015) using miners. First winter was Rock Boxes second winter was Spoondoolies Jacksons.
With the power of HODL it was well worth doing compared to space heaters.
I remember those Rockminers. They were nice quiet units. |
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Hello, have you seen this asic? https://asicrunom/. . note I killed the link The power is very high. Do you think is a scam? Thanks. No machine mines BTC and doge it is a scam. Also if I built and owned these I would just mine and get rich I would not sell them. They claim 1000 th and 650 watts for btc which is 0.65 watts a th which is 25x better than anyone else. they also say 400gh for ltc/doge at 650 watts which is so much better than the best L7 it is impossible. |
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Reading the snippet of the article kind of screams people that opt for early retirement are people that are just in need of a good vacation to get their batteries recharged for a new challenge and not that they needed to retire...am pretty sure such people miss the sense of belonging, the sense of being a team player that is required to do their part of a project to progress otherwise when that phone rings less, your friends/colleagues get too busy for you such that you seeing people less can affect your psychology and want you to get back working says retirement isn't for you.
But if you got into the job market for money and get to have it, I see no reason to stick around when you can spend this time with family and maybe run your own business with your own term's.
But that would be semi retired not retired. My wife and I are 66 and 67. She retired in 2012 at 55 after working at 1 job for 33 years. I got my pension last year. But I mine and make money in sales ands I am self employed for years. I make my own hours. I would find it impossible to work 5 days a week 8 hours a day. but 2 or 3 hours every day via internet and some trips to the mine 2-4 times a month I will likely do for years to come. I like the work yet I also have a lot of time to spend with the wife. This Sunday we went to the beach on the Jersey shore. Walked for 75 minutes. Then went to a restaurant ate German food then drove to Six flags great adventure and went to 3 shows of fright Fest along with a few rides, A long exciting day. Saturday it rained like mad we slept in . Played for a few hours ate a brunch, The watched some old movies. I did some mining work on line. It is a good life as we no longer have the rat race to deal with. |
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It seems that the OP has discovered America. Of course the analysts fail. All of them. If they could predict price behaviour consistently they would have made fortunes, as philipma1957 says and they would be on their private island in the caribbean sunning themselves, not working making predictions.
The clearest proof is that this cycle not a single fucking analyst has been able to get the peak of the bitcoin price right, which was $69,000. All predictions were for higher prices.
Yeah you are correct. I am still waiting on my 70k number to show up. 😀. I will predict the following we will get a miner relief rally. Before April 1st. I am thinking we get close to 36k for oct 31 40k by Jan 1 and very near 50k by April 1. Lets see how good I do. |
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Bitcoin's mining algorithm was never designed to advance science. This is because Satoshi lacked the foresight to realize that if Bitcoin got big (which it did), then maybe the mining should be put to good use. Or maybe Satoshi simply lacked the time and resources needed to come up with a scientific mining algorithm (because it is hard, so I don't really blame him). Right now, Bitcoin and all other cryptocurrencies are shitcoins because they have mining algorithms that were never designed to advance science and this is because the cryptocurrency sector is really shitty. They worship Sam Bankman Fried and love being scammed and scamming others because they were not breastfed as babies, but they were shitfed by their dads from the ass. Bitcoin is a shitcoin because everybody in the Bitcoin community acts like shit. The only reason I am making this post right now is to respond to the relentless hate I get for actually standing up for science. You are all a bunch of shitheads.
-Joseph Van Name Ph.D.
well according to you I am stupid and you gave me a negative trust. I have a simple question from a simple mind such as myself. What al gore rythm do you want us to use. Since I am stupid I guess you won’t bother to answer. |
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From the much you’ve said, I could say you’ve got at least the basic knowledge about bitcoin or cryptocurrency for a while and that’s where it all starts. It might have taken you a bit of time to make that milestone but, you would agree with me that nothing good comes easy and should we be looking out for simplicity without some sophistication, we might end up having so many loopholes and this is finance! I think bitcoin applications for most have come with a good enough simplicity for anyone with basic knowledge of cryptocurrency. It’s mainly a debit to credit (send/receive) operations. Either your sending to a person or an exchange for various purposes. There is no sophistication in that. When it Gomes to address verification, it’s a simple comparison before processing. No one requires you to have it offhand. Busy!!! I don’t think a very busy person would want
to put themselves through the stress of
learning cryptocurrency, especially if you
would have to use it for your daily transactions once it seeks to gain widespread use.
Busy and need to know (learning) don’t go! You can’t be too busy to learn and you somehow expect the system to adjust to fit your timing. The system is already leveraged for you to device your time to learn or invest without having an specification to period and if that’s not good enough, you could as well let it be and stick to fiat. Anyone who sees the need and for the goods they could derive from an innovation will always find time to learn. Tell that to a matured lady and hear her tell you do this for me a the time. As long as crypto aims for global or mass adoption it should be easy to learn expecially when competing with faits that we already know and use everday you are correct that it should be easy. But it is easy if you have a KYC with a real exchange a hardware wallet. and only deal with 3 coins BTC ,LTC ,DOGE There are about 3 or 4 solid exchanges. 1) Do KYC put some cash in the account 2) Buy your coins of choice. I only use 3 coins BTC LTC DOGE 3) move them to your hardware wallet. 4) rinse repeat. about 80% BTC 10% LTC 10% DOGE now once you go to this site. https://coinmarketcap.comand see over 9000 coins you make it hard. https://coinmarketcap.com/?page=91https://coinmarketcap.com/currencies/liquid-share/coins number 9006 liquid-share No one should even consider looking at that site until they have done the 4 numbers steps above for at least a year.
So instructions are 1) Do KYC put some cash in the exchange account (in my case coinbase) 2) Buy your coins of choice. I only use 3 coins BTC LTC DOGE 3) move them to your hardware wallet. I use a Trezor 4) rinse and repeat 3 conditions: A) do not spend more eon this then you can afford. B) after a year if you want you can expand to more coins C) all POS coins are not proof of stake but really piece of shit |
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From Oct 3 to Dec 31 I see a miner’s relief rally of about 33% so 27 k to 36k should happen.
Maybe even 27k to 40k.
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I guess this was shortly before the difficulty adjustment, right? Right after the difficulty adjustment... Blocks are getting confirmed much faster. We are already seeing mined blocks having 1 sat/vByte transactions. In fact, we are already 8 blocks ahead of the expected 34 as of now. I think we shall soon see a close to complete mempool clean up  and since you said that we went in the wrong direction. Still if you do 9 sats you should be okay. But 2-4 not so much. It is way better than doing 25 or 35 sats. |
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So, as I was looking at other languages board I came across a familiar name and decided to check inside the thread to then find out that c.i.a was hiring foreign agents from this forum, and their agent is a sex worker. don't be fooled by seeing a naked skin, they are able to cut your throat with one swing of a knife. Translated the content of OP, " Work with open sources.
Hours: Full-time
Salary: $58,638 - $123,234 per year *
Gender: Male
Higher starting salary possible depending on experience level
Minimum Requirements:
Bachelor's degree, preferably in statistics, international, media or research political; Geography / GIS, Foreign Language / Linguistics or related field; Education and STEM degrees
GPA of at least 3.0 on a 4.0 scale
Strong analytical skills; analytical and research skills; Written and Verbal Requirements
Ability to work in a dynamic environment as a member of a cohesive and often dispersed team
US Citizenship not required.
Qualification requirements:
Foreign language, especially for unique foreign languages (Russian language).
Full information in English:
https ://www.cia.gov/careers/opportunities/foreign-languages/open-source-exploitation-officer-1. html" Did anyone know about this? How many more of them are here? Just wanted to warn you that our "friends" are lurking in shadows and are very close.😉 Ps, do you think they accept uneducated but pro hackers?😂 I am a bit confused. you have a link for a fuck and suck website vkcams.com the members name is a direct play on the websites name. the member can write ✍️ in Russian and does lots of Russian posts. So are you saying the person is a male CIA agent? or a Male kgb agent Or some kind of a spy? |
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Tech Geeks
BitcoinTalk has some tech geeks who exclusively write their posts to help people in every other way. Of course, Bitcointalk also has average users like me. Since this forum is one of the oldest on the internet, thousands of articles were written almost decades ago,
This is not accurate. There are forums [1] in which you can obtain more detailed information and better answers, but this forum remains a place to share your ideas, no matter how stupid they are, and to obtain information with some degree of validity. For example, if you ask a question in some local boards or altcoins board, you may not get a correct answer Why are you unlikely to be publicly scammed?
I consider Bitcointalk as one of the safest forums on the internet. The internet is full of scammers, and Bitcointalk is not without scammers. There are scammers, but you are unlikely to get scammed if you talk in public. This is related to the economy of signature campaigns. I will not scam you for $500 because my account can generate an income of $800 per month, but whenever the signature campaigns stop, you will find legendary members scamming for $200, and the truest example of this is @yogg [2] Cold Keys scam [3][1] https://bitcoin.stackexchange.com/[2] https://bitcointalk.org/index.php?action=profile;u=140827[3] My Cold Keys Just Got Swiped! All Cold Kuntz!This is very true. I have been offered 1 and or 2 btc for this account more than once. About 5,000 to 35,000 usd when the offers were made. I am fortunate that I have no need or want to sell this account. But I am sure some legends have done so. They may have got into a bind gambling or whatever else and decided to sell the account or do a scam. Most of us humans won’t steal if we have a good thing going. Some of us humans will steal if we are in a bad financial spot. |
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Most likely I will do another on oct 17-19 when ever start time happens.
Congratulations for the victory! It's always worth the wait, you might get it right. You know if you need help organizing, just say so!  I will take a break this jump. Start it again same 0.001 prize unless btc moons like a motherfucker to 100,000 then prize would be capped at $100 worth of btc. Its a problem we can all wish for. I may structure it a bit differently. |
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SBF didn't kill himself.
You read it here first.
but he will be so well hung by 2025. although I expected Jarrod of Subway fame was going to be well hung and he is still alive and well in prison. |
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CBDC (central bank digital currency) are digital representation of a country's official currency managed and regulated by a central bank. The idea is to provide an alternative to digital cash allowing faster transactions and increasing financial accessibility.
Its centralized nature allows the government to directly issue currency to citizens at the whim of central banks
This obviously means that they can not offer the same level of autonomy or censorship resistance that bitcoin offers
The fact that its implementation can lead to potential surveillance and increase government control over finance is something to be worried about.
Considering the fact that bitcoin has earned an high level of trust, security and borderlessness from it user with an inherent monitory policy brings the big question;
Do we really need cbdc now?
To answer once again about CBDC : it is not what we all dreamed of. It is not "blockchain and security for the masses", it is total control and complete management of your money, which will be in the hands of the state. Read about the implementation of this technology, it is a "blockchain hell" which just crosses out all the advantages of this wonderful technology and ideology. But... most likely - there's no turning back now Well then if so it means btc was a con as it helped people think digital and then the governments of the world will do cbdc. So my idea that satoshi was the CIA or some secret agency with a plan is bolstered yet again. Get people to used btc then force them to use cbdc. It would mean btw's sole purpose was to create cbdc down the road. we could be truly fucked. or not. time will tell. |
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over the years I ran a ton of them but this is my first win ever. I will be sending
joker_josue the 0.001 btc along with my regular 0.001 that I give him monthly
Most likely I will do another on oct 17-19 when ever start time happens.
- Donations: Anyone wishing to support this project can make their bitcoin donations to the address: bc1qhwnncpdd8gfzqwjkk9n052wf7g9mvks3xaa7qa
coins are sent
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Congratulations to Phill, it was +0.35%, stompix was so close but pace picked up really fast in the last a few blocks.
Thanks phill for the fun, looking forward to a new round.
I will donate it to talk img later today. I will take a break this jump. |
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they will play this bearish sideways game until no one expects an uptrend anymore.. then boom into disbelief phase
(could take another year)
I have seen this movie too many times...
The problem is simple we are at 28k and if we are not close to 50k by April 1 2024 miners will be hurting bigly. so the sooner we get a pressure relief rally close to 40k the move miners will not panic. This feels so 2015 (OCT went up 33%) I think the miner relief rally happens this month just like it did in 2015. or maybe not Probably not. BTC price gives no shits about miners... and miners have to figure out if they are going to mine or not mine.. that is the question, even if some of them might end up getting reckt along the way.. which for sure is part of the process and there is no dire problem that is even close to anything that you seem to be inferring as problematic..and maybe the BTC price will go up and maybe it won't.. doesn't really matter too much in the whole scheme of things. By the way, there mere fact that there might be a lot of miners driving up the hashrate and therefore driving themselves into needing prices to go up is likely a product of their own making.. and sure, let them get reckt if they have not configured their operations in such a way to protect their lil selfies.. and furthermore, if you ever heard of the difficulty adjustment. we could lose 90% of the miners and probably still be o.k... even if there could be some dire scenarios that anyone might point out, I have my doubts that the difficulty adjustment is not going to take care of any fluctuation that might have to happen to hashpower if it happens that the BTC price does not end up going up as fast as some of the miners may have had been betting (speculating)... [edited out]
[edited out... current mining cost calculations] this is like t/a. but based on mining numbers. it is a bit more accurate then t/a as it is less subject to interpretation. but in 2019 to 2020 it did not happen so i toss it due to covid . i still think a strong oct move up. this oct. Even if your various numbers are correct, it's a BIG so fucking what in terms of what the BTC price is going to do. Miners have to react to price, not the other way around. Which also does not mean that the BTC price won't go up to $1million or whatver in this cycle or even in the coming year or so, but BTC's price's going up or down is not based on how much hash power has been put into it. The problem is simple we are at 28k and if we are not close to 50k by April 1 2024 miners will be hurting bigly. so the sooner we get a pressure relief rally close to 40k the move miners will not panic.
Some estimates reported in Glassnode say that average block mining costs will be about 30k-40k after bitcoin halving. Are these estimates inaccurate or does the price have to be above 50k to be profitable? i still think a strong oct move up. this oct. Or November, December-same thing, probably. $40-45K for halving sounds like a very reasonable price. Even though the miners would not be very profitable at those numbers post halving, they could still withhold selling mined bitcoin for a few months while causing more appreciation in the interim. They were doing this around each halving, imho. High provability that we can see big movements this coming November, to many people will start to save their bitcoin since they speculate to earn huge for this upcoming halving. Also for sure miners will hold their mined bitcoins since most of them know the situation and they could earn more compare is they sell some early or some good changes happen in the market. $40k-$50k sounds fair and reachable but for sure all want to see a new ATH recorded at that event. There still is no guarantee price will go up and sometimes it takes several months after the halvening for the actual effects of the physical reduction of BTC new supply is uncontrollably felt and no longer able to keep such bad boy down. Sure, there is also a chance that new ATH's are reached on or before the halvening and even higher than Adam Back's prediction price (of $100k). The odds are probably not high for that kind of scenario, but king daddy likely gives few shits about odds... when it sometimes might get stubborn about doing what it wants to do. Miners are the floor bottom price, the foundation so to speak. If we hit the ½ ing at 28 k after six months in a row of a 26k-32k dance there will be a 'this time it is different' event for btc Now you can talk all you want about BTC does not give a shit about miners. But its foundational price is based on what it costs to mine a coin. Satoshi turning energy into wealth Salyor turning power into wealth bla bla bla So I say no miner relief rally from OCT 2023 to April 2024 would be 10-20% chance miner relief rally from Oct to April would be 80 to 90% chance. |
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We the people of any country do not need that country to issue cbdc’s.
but many countrie’s governments are desperate so they may try a cbdc to make a bailout won’t as they are bound to fuck them up 🆙
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It is true that miner rewards per block will drop 50% after bitcoin halving, but the average production cost per bitcoin will rise accordingly, which is about $15,000 while the price of bitcoin is about $27,000, which makes mining profitable. Some estimates reported in Glassnode indicate that their model predicts that this average will rise to $30,000, which we can say that the price of Bitcoin will be above this price for the coming period or that the potential bottom of the price of Bitcoin in the future will be much higher than $30,000 for the near future. there is no reason for mining companies to sell Bitcoin because mining will be profitable if the price rises above $30,000, but these estimates vary according to many variables. pretty much this will happen or at least it has happened for all other ½ ings. |
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When I started BTC was worth 6 bucks back in 2012.
There were times I could mine 0.001 of the entire network in my garage.
Basically 21gh against a network of 21 th.
My power costs was 10kwatts an hour.
To mine 0.001 of the network today I would need 400ph that is 4000 s19 units burning 12000 kwatts an hour.
so the power cost to mine 0.001 of the network has increased 1000 fold
21 th to 400eh is 190000 fold the hash power..
This directly relates to security for the network.
also the cash value in 2012 was maybe 60 million
and the cash value now is 560 billion an increase of 9000 fold in value.
all of the above mean secure handling of your coins is a must.
I like DaveF idea of putting it as a head liner in bitcoins discussion .
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