Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

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Explanation

[1714748365]

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[1714748365]

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[1714748365]

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[solitude]

Is this literally the only thread on this entire forum where people speak decent english and signature spam trash posts are few and far between?

[yefi]

First of all, I think the guy in the article is confusing Greenland with Iceland. Absolutely nothing is concentrated in Greenland.

Second of all, data centers existed before Bitcoin mining, so there's no need to reinvent the wheel. The only viable solution for reusing the heat is to run the mining coolant in several closed loops inside the data center, run them through several heat exchanger where the heat is led to a different closed loop system used for central heating for nearby houses or office buildings. 40-60 degrees celsius through radiators makes sense. Heating the liquid further cancels any gains because it will need to be cooled down again (remember, you can't use the liquid from the closed loop system directly), and water heaters are (as lambie pointed out) used too sporadically.

Third, miners don't do that because sunk cost is a killer in Bitcoin mining. And such a system is very, very....VERY expensive.

Giant jacuzzi. So, so obvious. 

[ejinte]

maidsafe to the moon.

[tomothy]

Is this literally the only thread on this entire forum where people speak decent english and signature spam trash posts are few and far between?

Yes. Amongst the pictures of trains and car crashes, you occasionally find gems of insight. The topics range from what constitutes socialism /anarchism/libertarianism to who is a government operative and sometimes they even talk about market movements. Like how if btc market share increases by 160 billion we get 32k coins. I'm just here for the free food.

[billyjoeallen]

When you really sit down and work through possible options with businesses, as I have done, they typically don't want on-chain scaling.

Think about it: if you are a business, why would you want a solution that involves your competitors being able to figure out how much you are paying your suppliers, or how much your customers are spending on your product? On-chain bitcoin transactions, even when used well, do a piss-poor job of hiding this information. I know it may run counter to the mob wisdom of this subreddit, but this is actually preventing a number of industries from adopting bitcoin.


Business types.
https://np.reddit.com/r/btc/comments/47kme0/bitcoin_classic_2016_roadmap_announcement/d0ewnqb

What's ideal of course is the option of anonymity or radical transparency, which you can only have with on-chain scaling. You can't cheaply mix coins with high transaction costs.  LN payment channels increase transparency because rarely are your vendors and customers the same people, so you deal with third party middlemen who are all up in your bidness.

[billyjoeallen]

... system used for central heating for nearby houses or office buildings. 40-60 degrees celsius through radiators makes sense. ...

Forced hot water heat temp is 82-98C. 40-60 for radiant heat (not really common).
Would have to be fairly special houses -- central heating (for apartments) usually means *steam* heat (convenient, because no return pipes with steam).

That's part of the problem. It's difficult to retro-install the systems, you basically have to build the neighborhood at the same time as you build the data center. I can't find where I got this from but i think they might have used underfloor heating.

I'd like to chime in on this. without an expensive series of closed loop systems or a constant source of cold freshwater, you're gonna need a system which utilizes the Latent Heat of Vaporization to get enough heat out to work and be cost-effective. That's going to be difficult to do when your coolant has a boiling temp of 100 degrees Celsius at 1 atm pressure.  It's doable, but there's no money in it.

You'd need a secondary coolant system with some kind of refrigerant in it with a much lower boiling temp, a heat exchanger, pumps, valves and piping. Then you need a power source for the pumps.  ROI on this kind of investment is calculated in decades, not years.

I was a nuke plant operator and you constantly have to explain to engineers that something being technically possible and being economically viable are two entirely different things.  

[yefi]

The gorf is a new technical indicator to me

There is pent up worldwide demand for bitcoin. We may be imminently headed for $6000 BTC.

I'm not joking. Lets see.

Bitcoin has had a battering from the media for the best part of 6-7 years. Plenty know about it now. It has been superseded technologically and none of those assets even made a dent in its marketcap.

It has been superseded institutionally because we now know that banks all over the world have been running their own blockchains. But none of them even made a dent in Bitcoin's marketcap.

It has been superceeded strategically because we now have smart-contract based blockchains galore, yet, even none of those blockchains even made a dent in bitcoin's marketcap.

What will banks do when they discover that the value isn't blockchain, it's bitcoin ? What will they do when they discover that blockchain is dirt cheap, can be reproduced a million times over and actually isn't much more useful technologically than an SQL server worth $1000 bucks ? What will they do when they discover that bitcoin isn't dirt cheap, can't be replicated, can't be bought, can't be regulated and can't even be matched for hashpower with the combined budgets of all the world's banks put together ?

Bitcoin is going to be in demand by $7 billion people. Not for technological reasons, for monetary reasons. It is a perfected token both monetarily and sociologically. It is beginning to successfully conclude its "rights of passage" phase and just shortly, $400 now is going to look like $1 did back in 2010.

$6000 per BTC, did you get that from the Gox Field interferometer? Anyway, my belief has been and still is up. Be careful thinking the king cannot be usurped from his throne though - at a $6 Billion mcap, Bitcoin is still but an infant.

[molecular]

Bitcoin is still but an infant.

It's still a fucking sperm, man. Now those other dudes are coming behind it, too... better reach that egg soon.

[hdbuck]

Bitcoin is still but an infant.

It's still a fucking sperm, man. Now those other dudes are coming behind it, too... better reach that egg soon.

thats fud, bitcoin already won. just give it time (for everybody to submit).

or you can buy mEth-ereum like the rest of the crackheads.

[ChartBuddy]

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Explanation

[yefi]

Bitcoin is still but an infant.

It's still a fucking sperm, man. Now those other dudes are coming behind it, too... better reach that egg soon.

lol, I'm not sure if this comes from the molecular biology aspect or is a reference to one of my posts, but well put.

[ChartBuddy]

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Explanation

[adamstgBit]

Side note: this thread has become the longest & fastest growing thread on the internet

[BldSwtTrs]

Side note: this thread has become the longest thread on the internet

This is not true.

[adamstgBit]

Side note: this thread has become the longest thread on the internet

This is not true.

bull shit

this thread has >300,000 replies

biggest one i could find had 44K replies

[Fakhoury]

Side note: this thread has become the longest thread on the internet

This is not true.

bull shit

this thread has >300,000 replies

biggest one i could find had 44K replies

Plus, when Bitcoin goes more mainstream, you won't find time to read the pages of replies.

We as a community, deserve this success, and our bright is so fuckin' bright !!

[adamstgBit]

wait no, unfortunately we fall short of this thread 

http://www.gaiaonline.com/forum/chatterbox/mpt-let-s-get-this-thread-to-a-million-pages-original/t.1488895_13728751/

but that one is literally 100% garbage posts all posted for the sole purpose of getting to page 1million...

[spiderbrain]

Side note: this thread has become the longest & fastest growing thread on the internet

Maybe you could move this thread onto your own website and then take over the world?

[abercrombie]

is crypto done??