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

[ThemePen]

https://bitcoinist.com/over-9000-crypto-mining-farms-seized-in-iran-to-combat-electricity-crisis/

So I read the article.

It states 250 megawatts saved over 18 months.

~snip~

On August 15, 2022
Tehran Times reported 69000MW/day.

Peak electricity consumption exceeds 69,000 MW

https://www.tehrantimes.com/news/475670/Peak-electricity-consumption-exceeds-69-000-MW

If we go in May of the last Year.
They reported that only 50 Licensed plants are Consuming 95MW/h illegally.

Blaming the electricity crisis in the country on unlicensed bitcoin mining plants, President Hassan Rouhani said on Wednesday that illegal bitcoin mining consumes up to 2,000MW of electricity compared to 300MW used by legal bitcoin operations.

Iran's state-run electricity firm Tavanir said the country only has 50 licensed bitcoin farming plants, with 85% of mining being carried out illegally, which consumes 95MW of subsidized energy per hour.

https://www.aa.com.tr/en/economy/iran-bans-bitcoin-mining-amid-power-crisis/2256413

So if the 50 farming plants are consuming 95MW/h illegally.

So 250MW in 18 months reported wrongly.

So It should be 250MW/h

And 6000MW/day

180GW/month

3240GW in 18 month.

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[ChartBuddy]

Explanation

[Hueristic]

Either way a clear bullshit story against pow mining.

Oh, I agree on this, my point was they are using it as a scapegoat for their worthless infrastructure and since its being subsidized that makes it a perfect target.

[JayJuanGee]

JayJuanGee Thank you for that insightful advice! I've been following your posts for several years here in WO. One of the commendable members in WO. I'm happy that you noticed me and share your knowledge even though I cannot all grasp it.  

No problem.  Go at your own pace, and surely some of the thoughts might not make as much sense if you might not be employing similar practices. 

Some guys will sometimes talk about trading even margin betting here, and sometimes I have difficulties following what they are saying too.. but it does help to understand more easily if any of us is attempting to employ some kinds of similar strategies as whatever the poster is discussing, then some of the ideas might make more sense.

I don't mind if you only want to talk about some narrow aspects of what I had posted or if you want to revisit the topic at a later date after you might have had a chance to reflect upon some of the ideas (I might have made some things more confusing than they need to be, as well)...    and if you have more basic questions, then shoot away..

Even if we might call each other dummies (and other rude names) sometimes (no homo), I do appreciate attempts to make sure that we understand and go over some of the basics... even if there might be a lot of repetition.. since there are always a certain number of newer folks coming in and out the thread, or maybe some members who had not gotten into bitcoin because they had been too distracted into shitcoins or other real life matters, so even if they have been around bitcoin a decently long time, they still have to learn basic ideas of bitcoin, even if they have been in the bitcoin space for a long time, and you may well know that some of the members here do not even agree on what are the basics either, and that's o.k. too.

[ChartBuddy]

Explanation

[wmaurik]

I was a little surprised when a University in the Philippines offered Bitcoin and courses for crypto. Because I think it is a very good thing for students who are enrolled in the University to know so that they can learn about Bitcoin and crypto from the beginning or before they graduate from their lectures.

And I tried to browse some news about Bitcoin and crypto conditions in the Philippines. Based on a report from Bitcoin.com in April 2021, the Philippine central bank has approved several crypto exchanges to operate as money transfer and remittance companies. The government has also established a blockchain application namely bonds.ph as a further role in crypto matters.

Likewise, Bitcoin trading volume in the Philippines has increased over the past few months on major peer-to-peer (P2P) crypto exchange Paxful. Reported from Cointelegraph, Friday (15/7/2022),

And I think this shows that the Philippines is very friendly with Bitcoin and crypto so that the University has been very brave to offer Bitcoin and crypto courses to everyone.
And maybe the University also already knows how the risks and benefits that can be obtained through Bitcoin and crypto for everyone in the future

[ChartBuddy]

Explanation

[mRTHroo]

In partnership with Visa, Ripio Card allows users to earn 5% cashback in bitcoin on all prepaid purchases across the world until October 31.



Source

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Piesel]

Either way a clear bullshit story against pow mining.

Oh, I agree on this, my point was they are using it as a scapegoat for their worthless infrastructure and since it's being subsidized that makes it a perfect target.

The POw propagandist will always make it look that way most time with little or no data to back up the claim of Bitcoin proof of work mining as energy draining venture, I guess energy subsidy is removed from Bitcoin mining, and miners can generate and consume kilowatts of electricity they generate, only then the public will know low electricity being consumed by Bitcoin miners and how the politician have been corruptly stealing the millions dollars in budget for energy subsidy and using Bitcoin POW as an escape route just to cover their tracks.

[ChartBuddy]

Explanation

[execijutiere]

It is difficult to predict the direction of the market. We can say that it is still in an accumulation process. If Bitcoin starts to rise, altcoins will continue to rise if ethereum accompanies it. On the contrary, we will face a reverse scenario. I am obviously still expecting a decline. I think there should be a trial up to $ 17,500 in the near future.

[shahzadafzal]

It is difficult to predict the direction of the market. We can say that it is still in an accumulation process. If Bitcoin starts to rise, altcoins will continue to rise if ethereum accompanies it. On the contrary, we will face a reverse scenario. I am obviously still expecting a decline. I think there should be a trial up to $ 17,500 in the near future.

That's some analysis.... please tell me you are inspired by nutildah?

Bitcoin could go up. In which case it might go up more.

Or it could go down. In which case it might go down more.

Or it could go sideways.

[ChartBuddy]

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[ChartBuddy]

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[serveria.com]

https://twitter.com/btc_archive/status/1562169257198321666?s=21

Surely needs KYC.
But does anyone need this?

Bullish! Any real-world use case counts! 

[ChartBuddy]

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[ChartBuddy]

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