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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25498414 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
Richy_T
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September 13, 2021, 02:51:25 PM
Merited by JayJuanGee (1)

If your raid controller fails, it's hard to get data off a single mirrored drive with most manufacturers, and software raids, too. (Ask Bob*)

Actually, it was quite easy to mount one of my old mirror on a new box to get data off of the drive with Linux using md. The drive wasn't recognized automatically and I had to run some command or other but it was pretty straightforward.

Question: If you have an older version of the blockchain, would the blockchain file be synched when the node joins the network, or will it be downloaded again?
Question2: Doesn't a Lighning node need a local copy of the chain, too?

It get synched. It just takes a while to catch-up. Though if you have plenty of internal bandwidth and you're not in a hurry, you can just have your node synch from one of your other ones.

LN connects to a bitcoin node, surely?
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September 13, 2021, 02:53:24 PM

To be part of the next bull run rather than regretting again to sell off during this dip have some chill pills mate. What our hope from the much anticipated bitcoin bull run is this :



And for that you must be calm like this :



The kings path were never easy to conquer the world but they make it so have faith in bitcoin WO brothers and kick the hell out of this bearish trends.
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September 13, 2021, 02:54:30 PM

I'd think if a mirror breaks down, all you have to do is place a fresh disk where the failing one was? That's the whole point of mirroring, or am I missing something?

I think software mirroring (by RAID or other system) is better, since the details can be reproduced easily on different processing hardware.

Please do correct me if I'm wrong.
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September 13, 2021, 02:55:33 PM

If this is a dedicated Bitcoin / Lightning node, have you considered RAID 1 with 2 or 3 drives? Or even 4... Some people may say that's a waste of space, but downtime should either be reduced or non-existent. Just hotswap failed drives, unless all 4 of them fail at the same time.
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September 13, 2021, 03:01:34 PM


Explanation
Richy_T
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September 13, 2021, 03:08:07 PM

I'd think if a mirror breaks down, all you have to do is place a fresh disk where the failing one was? That's the whole point of mirroring, or am I missing something?

I think software mirroring (by RAID or other system) is better, since the details can be reproduced easily on different processing hardware.

Please do correct me if I'm wrong.

Yes. Hardware raid is often an unknown quantity. The hard drives are still hard drives, of course and the companies could provide software that would read the drives but typically you're left looking for a replacement controller, sometimes on ebay. Software raid is much less of a burden on a modern system in any case.

The main thing with the software is to make sure you're monitoring your drive integrity. Hardware usually gives you a nice flashing warning light. I had both drives in a software mirror going bad and didn't know it because I hadn't got around to setting that part up. Luckily I managed to get everything off them just fine. You should be running regular smart checks on your drive with Linux anyway (I think Windows has finally caught up with that?).
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September 13, 2021, 03:13:28 PM

If this is a dedicated Bitcoin / Lightning node, have you considered RAID 1 with 2 or 3 drives? Or even 4... Some people may say that's a waste of space, but downtime should either be reduced or non-existent. Just hotswap failed drives, unless all 4 of them fail at the same time.


You know... it's worth working this out ahead of time too, because once you have a production node with actual MONEY on it, you are building yourself constraints.  I feel much better after shutting down my BIG node with more corn tied up in it, but I also fully expect my remaining little node will be worth well into the 6 figures USD eventually... possibly even this year.

But, again, I really respect rootzoll's choices when it came to the Raspiblitz design.  I think upgrading that node from a single SSD to a 4 drive raid array (or the like) would not be hard at all since he built it to where the data drive is just that, a big dumb storage unit.

I am pretty sure I could do a full BTC chain sync in the time that my HTLCs will last, but that will not always be the case, possibly...

It is really interesting seeing all this theory become real insofar as big/small blocks, and sustaining decentralization etc.  I think it is inevitable that we see a commercialization of the bitcoin node world, but it will remain decentralized.  ETH on the other hand?  There is no way it does not end up captured by some sort of "foundation" or cabal, or steering organization etc.  And ultimately all big blockchains go there...
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what is this "brake pedal" you speak of?


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September 13, 2021, 03:16:07 PM
Merited by JayJuanGee (1)

I'd think if a mirror breaks down, all you have to do is place a fresh disk where the failing one was? That's the whole point of mirroring, or am I missing something?

I think software mirroring (by RAID or other system) is better, since the details can be reproduced easily on different processing hardware.

Please do correct me if I'm wrong.

i know when i ran mirrored 1 TB spinner drives when one tossed errors and failed the other kept on trucking. threw another 1 TB drive in (wasnt an exact match) and i had to run something in the built in raid bios (intel) and the mirror was back in raid 1 mode. this was on a Z97 intel board on windows.

so for sure a single drive from a mirror runs fine alone. i just had drive failure notices popping up in logs and status icons till i fixed it.
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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September 13, 2021, 03:16:44 PM
Merited by El duderino_ (3), LoyceV (2)

Woke up to check the bitcoin price

Let's be honest...

Yes.... let's be honest.  Not a bad place to be.. When in doubt, it is good to zoom out.... at least a weeeee bit... .

A pump to $46,8xx & within 5 minutes threatening to go below $44,000. The market is total bullshit atm.
I call this: "to give you hope", followed by triggering stop losses to get your coins. Well, not mine, I have no open Bitcoin positions.

Best of "open positions" with the king daddy is to be long - 4 years or more, and don't get worked up about various noise for ants in between... such as various less than 10% price moves.

Do you consider our lil blip of perhaps best $3,500 (so far).. and seeming short-term battle of today (including the past hour-ish fakening outening) is going to show on the radar?  2 years from now?  4 years from now?  10 years from now?

Seems to me that the further out we go, the more difficult it will be to find $3.5k ant moves (from $46,896 to $43,400 so far) (which is around 8% at best)... similar to our difficulties of currently appreciating $50 price moves today, even though $50 price moves were around 11% when BTC prices were in the lower $400s, just a few short years ago (early 2016)... 11% price swings is much greater than 8% price swings (so far).  #justsaying that we hardly even notice $50 price swings today...

I dunno. I'm a simple man. I just bought the dip. More coming? There's still some fiat itching to be turned into hard money.

I just bought a little too... in the $43ks.. I will just admit that I was just making up for a mistake that I made from last week and I had not yet had my $45k and $46k buy orders properly set when the BTC price quickly wicked down to $42,900... so my buy orders in the $43ks and $44ks had filled, and then later I made up for the $46k buy order.. but I ended up getting a wee bit greedy to fill in my seemingly BIG-ASS gap that was in the $43k and $44k arena by splitting my $45k buy order into three which just finished the last of the three parts.. and so next one is $42k and every $1k thereafter down to about $23k...

.....which holy moley.. hoping not to fill any orders below $40k or worse case scenario $33k?  Should not be talking so negative, right?  We are in a bull market, right?  Peeps are buying at this point if they have any cash left, right?  If peeps don't have cash left, next best thing is HODL, right?
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September 13, 2021, 03:21:05 PM
Merited by El duderino_ (3)

Classic case of low volume = easy manipulation, whether up or down...

Looks like someone decided to liquidate some short positions in order to place their own  Roll Eyes



Good time to be taking shitcoin profits back to Bitcoin by looks of it! Bitcoin dominance due a bounce, likely while BTC corrects a little further.

The market is total bullshit atm.

Quote from: Investopedia
A gravestone doji is a bearish reversal candlestick pattern that is formed when the open, low, and closing prices are all near each other with a long upper shadow. The long upper shadow suggests that the bullish advance in the beginning of the session was overcome by bears by the end of the session, which often comes just before a longer term bearish downtrend.

https://www.investopedia.com/terms/g/gravestone-doji.asp

Only another 10% drop to go until $40K... so not much to panic about. People taking profits now are getting desperate. Patience is a virtue.
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September 13, 2021, 03:52:52 PM

Willy Woo
@woonomic
https://twitter.com/woonomic/status/1437366337626468352?s=21
I posted this map of the BTC supply distribution, but many asked "but what does this mean?".

<snip>

On-chain forensics: @glassnode
ETFs: @glassnode & @woonomic
Corporates: @woonomic (via company reporting)
https://twitter.com/woonomic/status/1437366362305818629?s=21



TL;DR
We are going higher this year: much higher.



I don't disagree, just wanted to point out that TL;DR is from @LFC..woonomic simply says: "Whales are opportunists...they do take the opportunity to buy when they see a strong rally ahead, like right now." and WW also states that we are in the middle of a bull run, although looking at his squiggly lines, nothing really jumps out to me, but, again, I am not a specialist.
JayJuanGee
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September 13, 2021, 04:01:11 PM

but, again, I am not a specialist.

obviously


You are a specialist in whining, though.
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September 13, 2021, 04:01:26 PM


Explanation
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Balls of steel. This time is different.


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September 13, 2021, 04:12:00 PM

It's always darkest before the dawn they say so I guess we need this drama, some blood in the streets before the facemelting rally.  Cool
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yes


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September 13, 2021, 04:12:51 PM



Fontas back?
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September 13, 2021, 04:13:28 PM

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.
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in crypto we trust💎🖐start hodl.exe


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September 13, 2021, 04:18:50 PM
Merited by El duderino_ (2)

how cool! Kiss Cheesy


https://twitter.com/toshiwatcher/status/1437440267439706113
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Doomed to see the future and unable to prevent it


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September 13, 2021, 04:18:59 PM
Merited by El duderino_ (3), sirazimuth (1), psycodad (1)

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

Software JBOD is the absolute worst method for data integrity.

It literally increases your chances of catastrophic data loss exponentially.

raid 6 is safest.

As was noted previously Jbear is a expert on the subject, I miss him.
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September 13, 2021, 04:20:38 PM

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

And Nas4free, the open source heir of freenas, based on FreeBSD and rock solid.
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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September 13, 2021, 04:35:24 PM

Yeah... software raid seems to be the best right now. Some systems like old refurbished servers from HP and Dell, don't really allow you to not use the built-in hardware RAID, but you can always just configure it as JBOD or something and let the software handle the raid.

Then there's unraid and freenas / truenas.

Software JBOD is the absolute worst method for data integrity.

It literally increases your chances of catastrophic data loss exponentially.

raid 6 is safest.

As was noted previously Jbear is a expert on the subject, I miss him.

Oh my.



He's probably busy counting his many BSV coins...
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