a block solve is about the work done on the block data
mining is about mining it.
mining is mining whether the reward is worth nothing in 2009-2010 or 2140+
mining is mining whether the reward is 50, 25, 12.5, 6.25. 3.125.....
mining is mining whether the reward is valued at 0.01 cent or $70,000
mining is mining whether the reward is split 98% or 0.00000x%
 
mining is not based on the reward, its based on the work and who manages the work
if you are solo mining a block you are collating data, forming the block and mining data alone with no ones help, your doing it all on your own SOLO

the reward is not the work, the reward is just payment at the end
infact not just before 2010 did no one care about the reward, but after 2140 no one will care about the reward.

again the emphasis of solo mining a block is not "getting reward" its solo mining a block.. MINING A BLOCK

if you think the because someone got 98% they are solo.
what if ck changes it today where out of his 2% he keeps 1% and at the end of each day shares the other 1% with all his users as a separate transaction..
are people going to suddenly back peddle and then say its pool again..
no its already pool mining the clue is in the fact that ck is a pool already


alll pools ALL POOLS are like restaurants where a manager tells waitresses what tables to work

solo is where a restaurant owner manages his own restaurant and works all his tables in his restaurant, with no help.. he is working solo

solo mining became a redundant term in 2014 because no one was solo mining..
it seems some people want to bring back the term to active use by rebranding what the term means under some new paradigm than its earlier terminology

but if they want to think its just about the rewarding.. then say its solo rewarding

you have not asked me in multiple threads.. but anyway
if your making your own block and hashing it, you wont need a pool. because.. drum roll....  YOUR MAKING YOUR OWN BLOCKS
why would you make your own blocks putting in your own collated data and then hashing it yourself to then share 9X.XX% random others... when they done absolutely nothing to help you
no one would do that.

its not even a thing. no one does that. thats just a silly made up scenario

the only reason ck gives away 98% is because he is not doing the work of hashing

collating your own blocks and hashing them SOLO is what solo mining is
solo mining is a term that existed way before the reward had a value.. solo mining is a thing that existed way before reward sharing..

anything involving requiring a pool is not SOLO mining

there was no pool mining in 2009-2010. no one really cared about the reward value in 2009-2010. but they all knew what solo mining was.
creating and hashing your own block all by yourself independent of anyone else

again every pool has a pool manager that collates block data and gives unique allotments for each asic to churn through so they are all not doing the same work as each other.
ALL pools including ck

so if you think that this means that if asics have different work it makes them solo.. then all asics in your world are solo MINING
but they are not.

the only difference between ck and other pools is the reward. not the mining.. just the reward split

an object is just atoms
a sound is just vibrations
a digital number is just pulses of electrons

level up thinking:
atoms can be useful for many things. create and do many things
vibrations can be affect many things. create and do many things
an electron can do many things.

in the right formations
atoms can become life, technology, products, the universe
vibrations can become an alert, a spoken word, music, ultrasound imaging
electrons can become heat, movement, different objects, energy, electronic signals, code, software

if you just want to see things as a number, you might as well see your phone as an atom

years ago, he already got information about the truck that took his computer(garbage) and where approximately on the site, the area it was dumped. so he does not have to excavate the whole site.  as he knows roughly what area in the site to target most of the work

the problem is the good ol' health and safety
because trucks are spewing garbage onto land and then machines then level/plough it down. meaning its a safety risk to have a guy in the middle of the big machinery and dumping.. meaning they have to shut down operations in one area to allow him access to that area.

some have said 'maybe he can rent out' the trashsites staff for a few days.. but this was not accepted idea as the fear was that a trash site worker would find the hard drive and just pocket it, and pretend it was not found.. until he moves to an hawaiin sunset beach to retire.
so the guy wants to excavate it himself

it may stop the funding site from 'freezing' a payout by not requiring a funding site to collect payment, when just displaying a random persons bitcoin address

but if an organisation chose Trucker Joe Briggs to present his personal bitcoin address.. joe briggs can also decide he wont pay out, and instead retire to cuba with a lifetimes worth of money.

usually organisations want other publicly liable organisations to be custodians. to ensure no one just runs off with funds
this then requires public disclosure of the person accepting donations. by which authorities can then still make a request on that person to not pay out until authorities have investigated the funds.

yes people can just present their personal payment details to each other. but that requires trusting them.
its why gofundme works because they have policies to ensure the payout is genuinely used for its advertised purpose.  far more than just trusting some random person.

so its no different than accepting fiat or bitcoin. in many ways. yea someone can reveal their fiat debit card and ask people to 'top-up' their debit card. or they can use an organisation that vets charities.. bitcoin however does not have a good vetting system

so pro's and cons on both sides

ill expand more
censorship resistant,
 - no bank/government can stop bitcoin transaction due to some social political racism or just wanting to be a bother
borderless
 - as long as there is internet, bitcoin can be sent and received anywhere  
fast
 - instant zero-confirm, and average confirm settlement in 10-30mins
online 24/7/365.
 - no downtime
 - no bank/office opening hours
 - no 'down for maintenance' server loss time
the way that its a currency that offers different features that banks dont
 - no ID required to get a private key to store value with
 - no need to explain why you are transacting
 - no need to link phone number to get calls to check with you that its you
 - complete settlement in ~10mins. unlike visa that can be 48 hours
 - no 180 day fund reversal policy (chargeback)
 - instant payment if you accept zero-confirm
 - visa requires you to reveal your spending secret, (long number, expiry, cvv number, name on card)
     - meaning once they have it they can keep withdrawing, multiple times
     - yet bitcoin signatures are unique to each transaction meaning they can only claim what is offered in that one transaction, once
the way that its a currency that offers different less restrictions than banks do
 - no $500 ATM limit
 - no $1000 limit, before being monitored by AML
 - no $10,000 limit before being monitored by AML and tax office
how you can buy things with it
 - hundreds of thousands of retailers/businesses
how you can be the sole controller of transfers
 - private key storage in multiple different ways
how it is irreversible
 - no refund, chargeback that can remove funds without your consent
how its immutable
 - once confirmed its your and only yours
how it does not rely on government involvement
 - no central entity controls the accounting nor decides whats valid/rejectable
how its deflationary, to hedge against inflation
 - buy more loaves of bread in long term future
you can treat it like a 'trust' without having to get a solicitor/lawyer to draw up 'trust documents'
 - just send funds to an address. done
 - use multisig if you want, say 2 out of 3 or 3 out of 5 people to chair the trust
you can use it like an off-shore tax shelter. store value without having to do any banking shuffling
 - just send funds to an address. done
keep it as a pension pot
 - just send funds to an address. done
assign it as inheritance without having to do complex Will's or contracts
- set a lock on the value that expires at childs X birthday. give him the private key knowing he cant spend until X date

and thats just the simple average joe benefits.

but YOU are the one that is not listening to the sales men when they explain its features that are different to other things.
you just say "its a product on a bench" repeatedly, not wanting to accept its utility and function and benefits beyond "a product"

if i showed you a fiat analog phone, a crypto smartphone you wont want to hear about the different things they can do.
you dont even want to admit they are phones. you just say "its a product"

car dealerships dont secure a car whereby a dealership is obligated to buy back the car when it is no longer drivable.

also all cars drive, but why buy a bughatti when you can buy a audi..

bitcoin is not just A number or A method of transport(value transfer). it has many other features that make it better than other methods of transport(value transfer).

you keep neglecting to see the features that make it better and just want to make this basic argument

'why buy a bughatti that just sits in my garage where the dealership wont give me anything if it stops running'
you are ignoring that a bughatti can drive. you are ignoring that a bughatti can do things faster easier then other vehicles. just to argue that a bughatti is just a object to look at in your garage that has no security and no function

bitcoin PRICE sits within a window of value

which that value window is between $35k - $85k (cheapest:expensive mining cost) using majority current gen asics
though some decisions are made on forex crisis and stock markets. can affect the price within the window, this sentiment doesnt really have much of a price push, much of the time, and it doesnt affect the value window range at all

what is actually happening though is next gen ASICS which is bringing down the window value
at the current 190exa
current gen s19 pro 110thash - value window - $35k-$85k (cheapest electric region to most expensive)
next gen s19 XP 140thash - value window - $28.5k-$71k (cheapest electric region to most expensive)
next gen s19 pro+hyd 198thash - value window - $22.5k-$67k (cheapest electric region to most expensive)

this means the price will sit somewhere in the middle of the window.
right now hardly any asics are running at this new window. meaning the cheapest countries do not have many miners mining for $22.5k/btc
but as months move on if the hashrate stays the same the value window can come down with more support for the new lower number window range

but with that said, because new asics are coming, the hashrate could go up (add more asics rather than replace 1:1)
meaning the hashrate if asics were all:
    (s19 XP 140thash) require hashrate of network to go to:
          235exahash to maintain $35k-$83k window (market price wont go below $35k or above ~$80k)
          290exahash to grow window to $43.4k -$102.4k (market price might go to $100k but only just if lucky)

    (s19 pro+hyd 198thash) require hashrate of network to go to:
          295exahash to maintain $35k-$110.8k window (market price wont go below $35k but might go to ~$108k if lucky)

so lets hope to see hashrate move to ~240-300exa to keep good value going soon

if its about how bitcoin protocol works
the best success i have had  was using the cheque analogy

short version
its like writing a cheque to someone but instead of a central bank clearing it. special people around the world do it using special mathematically complex specialist devices that cost alot of workload to make a batch of cheques valid, in such a way that its complex to make the valid batch, but super easy for everyone else to quickly verify they are all valid. where everyone in those cheques is deemed as being paid when everyone agrees on the same block as being valid. becasue there are strict rules in place. everyone can come to the same valid block if the block passes the same rules everyone has.
once everyone has the same batch of cheques deemed as valid
the special workers get paid a reward based on the rules they need to meet for a valid batch. thus giving that reward a labour cost which they want to spend. thus giving the reward value. people receiving this 'coin' reward then speculate the value above their acquisition cost based on many things

slightly more detailed version
imagine you write a cheque paying someone, it has where the funds come from, where its going to, the amount, and a signature thats unique to you but you sign it slightly differently per cheque to be extra special.

this cheque is photocopied to everyone, but dont worry its only a cheque between you and the recipient so no one else can cash it

special accountants collate these cheques and they include a cheque on the top of the pile paying themself a reward for work.
into a folder named merkle
they do special maths on the details of each cheque to come up with a merkle ID for the cheques
and some other details like date/time and the math difficulty they attempt, to make it a block of data. they also include an ID of the previous block that was solved by some previous accountant

then they do more complicated math where they attempt trillions of times altering couple little details in the 'some other detail'. the aim is to get a block ID that can easily be calculated back to the contents but also needs to have several 0's at the start. which doesnt happen easily.

because each block has a link to the previous block, the blocks are chained together. hence the word 'blockchain'

if all is successful, and they have a block ID that calculates to the contents and meets the math difficulty requirements.
then they publish this block to everyone who can check their work

the checks everyone can do involve checking the math and also checking all the cheques in the block are moving value they are signing correctly for and deserve to be spending. check the accountants are not trying to charge too much reward for their work. and lots of other little rules. and if it all passes. everyone deems that as the latest valid block.

with everyone confirming the same block on the same chain of blocks. all of the transactions within the blocks become deemed as confirmed. and everyone is sharing the same information.

then thats about it. its deemed the recipients are worthy of the value sent to them. and they can then use that confirmed cheque they received as their value to then spend themselves in future payments.

the accountants are called miners. and they get rewarded X bitcoin for their tiresome math work that these days costs hundreds of thousands of dollars of electric to do. there are rules for their reward. so they have to do a good honourable job to ensure they get paid right.
but their hard work then makes it super cheap and easy for everyone to verify the work and so not everyone needs to be a miner they can just be a verifier or even just a value holder or spender.

these miners are not some government institution. if you wanted to get the special complex math mining equipment you can help out. miners are just random people. where one lucky person or group gets to solve a block and get paid for their work.
leaving everyone else to simply verify quick and cleanly without headache or strain. and just get on with acquiring or spending the value of payments made to us.
the miners expensive work gives that reward a real world cost of work, which they want to spend the reward for something of value. thus giving the reward value. people receiving this 'coin' reward then speculate the value above their acquisition cost based on many things.

looking at the price 8 years ago (~$400) to now (~$40,000) thats a 100x
bitcoin only needs to 25x to get to $1m a coin. so its not an out of reach goal.
especially when it doesnt need to leap that much each year

it only really requires each years price to increase by 1.5x
2022   $40,000.00
2023   $60,000.00
2024   $90,000.00
2025   $135,000.00
2026   $202,500.00
2027   $303,750.00
2028   $455,625.00
2029   $683,437.50
2030   $1,025,156.25

yes animated porn will be a thing, but then porn is available on the web already.
im sure facebook will ask for ID to age check who can enter certain zones

to antithesis:
emphasis on a different way.
where there are many many features and benefits already listed in this topic that you(antithesis) are purposefully ignoring.

the many ways have already been explained multiple times by multiple people.
take a few days away from the keyboard and rid your self of the "number 1" limited view. then actually research and see what bitcoin can actually do differently than fiat.

we have already gave you many hints, now its your turn to find your own answers

heres some highlights


its not just a number that sits on your phone. its actually a medium of exchange meaning you can do things with it and use it as a currency or asset.

heck some people have actually implanted private keys into 2 layers of painting canvas and then painted a picture on the top layer, and then sold the art which displays the public address.. whereby to claim the value people need to destroy the art. or preserve the art to preserve the key

heck some people have actually implanted private keys into physical coins whereby breaking the physical coin is needed to reveal the private key. so preserving the physical coin preserves the value on the private key.

so if you want to make your bitcoin value "attractive" and physical.. you can

you will be surprised what you can do with bitcoin beyond just "seeing a number 1"

agreed there are no correlations between coin moving out of cold wallets vs prices. .. especially in this topics example where the coins never really left binances control. it just moved from cold to hot to cold in the same week

..
that said you cant predict the exact price bitcoin will be. but you can find the value window the price sits within to then gauge if bitcoin still has a way to go before bottoming out or if its near bottom already
https://bitcointalk.org/index.php?topic=5382559.msg59053731#msg59053731

most NFT auctions are not real

they are where people purposefully bid high on their own product to get a high price, enough to be news worthy and go viral. so that they can set a mindset that NFT are worth alot more. then their second product they sell to real people knowing that the bids would be high.

it used to be a thing in brick and mortar auctions and even on ebay. people sell things to themselves to create value.
much like in the 1990's many people would sell a 50pence UK currency(£0.50) for £300($400) to themselves. to set a perceived value. and then try palming off lots of 50p's to unwitting people for anything above £100($135)

so dont base NFT auctions on value investment.

i see metaverse as just a more interactive retailers website. where they can look at things in 3d rather than a 2d 'click to buy' image.
where by virtual landscapes will become a virtual real estate industry

much like how NFL, NBA video games sell advertising space on their ingame billboards
heck even live TV coverage of real sports now can replace a billboard with a different advert for different regional tv stations where businesses pay to get their logo seen by local viewers of the on tv stadium grass verge

i dont think he wants answers about what give bitcoin value or what bitcoin does.
i think maybe he just wants a good reason why its in his interest to sit and stare at the bitcoin price non stop for a few years.
maybe he is not yet ready to actually understand what bitcoin can do and be used for.

he just wants a reason to give to his relatives, when asked by his relatives "why are you staring at the price all day"

i remember years ago i had days of just watching the price volatility rock up and down.
but atleast i learned in like 20 seconds to think beyond the price ups and downs of a 'number 1' to actually see the reasons behind everything which then made it worth watching 'number 1'. 2012 was a great learning experience for me.. bitcoin has more sides and facets to it than ordinary financial understanding, terminology and usecases.
 just a shame he is not at this point of wanting to learn more

ok.. this guy is being arrogently ignorant.

last time, just for fun

you are not buying the ability to watch a number.

you are buying a medium of exchange that has many features and benefits that has a cost.
that cost is somewhere between $35-$85k right now

depending on how available it is for you to get, either o-t-c, market or mining. is a deciding factor of convenience, ability and time it requires to get 1btc for the different methods.

EG if you live in kazahkstan you could probably find a way to get it for $37k instead of the market price of $39k
EG if you live in germany you wont want to get it from mining at $80k+, so instead prefer the market price of $39k

but no where, no place, no way can you get bitcoin for $2 . so the value of bitcoin is not $2
near everyone is willing to sell for atleast $35k. and make profit if they sell for more.

its not like there are 2 people rolling 14,000 dice each where by they both get a random number. of meaningless. each. and then agree on a middle.

instead its based on acquisition costs. that value between a current value window of $35k-$85k where diffferent regions have different price points. where some can buy it real cheap vs other places where its at a bit of a premium to other methods of acquiring

the reason they want it in the first place is a multitude of reasons.
the way that its a currency that offers different features that banks dont
the way that its a currency that offers different less restrictions than banks do
how you can hand it to another owner without needing to explain reasons
how you can buy things with it
how you can be the sole controller of transfers
how it is irreversible
how its immutable
how it does not rely on government involvement
how its deflationary, to hedge against inflation
you can treat it like a 'trust' without having to get a solicitor/lawyer to draw up 'trust documents'
you can use it like an off-shore tax shelter. store value without having to do any banking shuffling
keep it as a pension pot or assign it as inheritance without having to do complex Will's or contracts
.. and so on


here is the thing though..
take zimbabwe..
having a 1trillion Z$ is redeemable for??
nothing now

people in zimbabwe dont even use zimbabwe dollar. it broke. its finito

in the 1900's a US $10 bank note could buy 75 loaves of bread.
i guarantee you if you handed in a $10 bank note they would not redeem it for something that can buy you 75 loaves of bread
they have not secured value, they are not liable to you for 75 loaves of bread per $10 bank note

all you would get is another more crisp fresh smelling $10 note. which can only buy you the same 4 bread loaf value as today
if you hold it for 10 years. i guarantee you, you wont be able to buy more then 3 loaves of bread with it.

at best/worse you might decide to accept 1000 copper heavy coins. hoping to sell it for scrap for equivalent of 8 loaves of value(at best) but thats with the hassle of then trying to get someone to convert the scrap metal for value equivalent to loaves of bread, at scrap metal value

but government/banks are not securing value or liable to you for the 75 loaf value of the past.
nor are they securing or made liable to always give you 4 loaves of bread value for bank notes held today, in the future

the serial number of a trillion zimbabwe dollar bank note you admire so much as 'security' is worth not even a square millimetre of a single sheet of toilet paper.. meaning a trillion Zdollar bank note is not even worth wiping your ass with it.


yet 1btc (of many) that i got in 2012, which could get me 3loaves of bread, can now get me 15,600 loaves of bread.
because deflation is better than inflation.

i also used some coin to do trades, to secure funds for pension, some inheritance to nephews, and to pass funds through customs without having to hold a debit card or paper cash on me when travelling.. heck it even paid for the ticket and hotel...
i also paid rent with it, bought food with it. furniture and loads of other things,

heck a couple evenings a week, when people complain that my words are not grammatically precise, is because of a nice bottle of whiskey paid for in btc

metaverse is simply a replacement of webpages for interactive shopping mall(3d RPG).

retailers would buy 'land' so they can design virtual retail stores that can do more then a real world brick and mortar store can do aesthetically.

obviously having certain retail 'land' in suitable locations can become its own real estate.
EG there can be female fashion, jewellery, perfumes, soaps shopping mall.. and have 100 female centered retailers in one server(gamezone)
and more male centered retailers in a separate zone

its not about buying 'in game' artifacts. its about viewing ingame artifacts that represent real world products, where you can buy the item 'ingame' which translates to a real world product getting delivered to your house.

replace ebay item images which you click on to add to cart, with instead a 3d rendered model that you put in your backpack. and the same applies. you pay for the item seen on the web and the real world good gets delivered.

the whole nft stuff is so that for instance pepsi can render a 3d model of a case of bottles. and t-shirts. and then licence who can sell pepsi official items to certain retailers. whereby the retailers are also ordering real world cases of bottles from pepsi to sell to customers that 'click' on a 3d render and pay for it.

..
yes people can also create their own items to sell.. much like interior designers create displays for retailer and get paid for it.
yes people can also create their own items to sell.. much like any craftsman can create their own wares and products to sell to customers

ok you love the phrases "number 1" and "security" "liability"

but what is a bank note secured against.
saying a bank note is backed by another bank note is not security. its just a promise to swap crumpled paper for crisp paper 1:1
it doesnt protect against inflation or loss

it especially does not secure your value that in 30 years you can still buy the same amount of bread as now.
heck zimbabwe went through 4 different bank notes and each time within years it lost value very very very quickly
so much so that zimbabwe just gave up on its own currency and now people use Us/euro currency.

the zimbabwe dollar did not secure anything and citizens of zimbabwe did not get compensated for the banking faults

a zimbabwe dollar being backed only by another zimbabwe dollar does not protect the zimbabwe dollar

..

if you expanded it out a bit, that $10 is worth 1000 copper pennies valued at $20 scrap price.
but then bitcoin can be exchanged for an altcoin or other assets

if you expanded out a bit you could say that 7.25 us dollars is secured against minimum wage law. meaning even someone on the lowest paid job will get atleast 7.50 of bank money for their hours labour.

but then you will have to realise that right now:
bitcoins most efficient work per btc is $35k
bitcoins least efficient work per btc is $85k

but here is the thing.
bitcoin is not a random TXID with an output number which has a randomly chosen price of no value.

bitcoins value window is between $35k-$85k as explained before. in multiple ways in different posts
the price sits within the value window.

the value window is the backed value based on the cost.
much like how copper has a acquisition cost. gold has an acquisition cost.

where it varies in price depending on different factors that vary the price within their respective value windows

 

a $10 bank note is a security of what???
if you take it to a bank. what do you expect in exchange??
at best they will swap a dirty, tatty crumpled bank note for a crisp bank note. 1:1


if you lose a $10 bank note, a bank wont just re-reimburse you/compensate you for the hole in your pocket.

a bank note is no longer backed by gold.
if anything it can be considered backed by copper/nickel that puts a $10 bank note at relative exchange of about $20 worth of scrap metal pennies and 5c coins. but the inconvenience of holding such weight and counting coins when doing purchases means people dont like to accept 1000 pennies for a $10 value purchase even if they can scrap the 1000 pennies for $20 later.

when loans are taken out. its printing money(from nothing). where the receiver has to pay it back + interest
this then causes your $10 bank note to not be worth $10 value. because the moment it circulates. and you receive it as income from work. you are suppose to give $2(20%) of your income to the government in taxes. meaning your instantly at a 20% value loss, only able to buy $8 worth of goods.

if you take out a mortgage for $100k your basically going to have to give back $110k on a 2 year loan(5% interest per year)
so that $100k is also less than $100k value. because you need to do 130% labour to pay tax(20%) on new income and then pay it off with the remainder income+interest(10%).

what do you seriously expect bank notes to secure, what liability is it you are describing that banks have to you.

is not a "whatever ask the seller put" its actually the seller deciding what his costs were and what he can expect to sell for.
its where the buyer can look for different ways to obtain bitcoin away from the market and decide if the market price is near value or premium compared to other acquisition methods(otc/mining/scamming)

as for your need to explain how YOU see "liability/security"
take the Zimbabwean dollar.(1980-2009) it hyper inflated. and the government did not protect it at the 1:1 rate against the US $
in the end people had trillion Z$ worth less than a loaf of bread