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

[xhomerx10]

This is a very interesting rule on dell website

The 3070 pulls under 260 watts
The 3080 pulls under 325 watts.

As a long time miner this is big news.

The ban is in 6 states.
It is for 3070 and for 3080 models

 Excuse my language but what the flying fuck?!  Arbitrary hardware-based power consumption rules?  Jesus.
Wait, are those gasoline powered GPUs?

whats funny (well its not really) is phil has a lot of solar powered gear. and they wouldnt sell to him if he was in one of those states.

  I was thinking the same thing.  I guess you have to drive 4000 miles round trip in Ford Mustang Shelby GT500 @ 14 mpg to pick one up then

[1714888574]

1714888574

[1714888574]

1714888574

[cAPSLOCK]

Good stuff. If he really was Satoshi, he would be hiding in a whole or on some island, enjoying his non-main wallet riches. (that he farmed with his CPU or GPU like the rest of the planet)

Here's a thought experiment: Satoshi CPU mined coins in the first couple of years. Knowing that everything is visible on chain, and knowing so obviously that no one else was mining within the first few months, he know that all those blocks could be associated with him until there were enough other people mining blocks.

He continues mining, but as soon as there are others, he slowly moves some of those later mined coins to other addresses and keeps doing so every few months, leaving the entire first year (except the one he sent to Hal) untouched.

The early coins never move. The coins after a certain block or date have been moving every year since. ... 1m coins do not move. 100k or 10k move (around the same time or after the first pizza was bought) ... they keep moving once a year or so ... 1k is cashed out some time between then and now, the remaining 99k or 9k is still out there looking like everyone else.


Or it's quite possible none of the coins move at all too. Who really knows?

This is pretty much exactly how I believe he did it.  There are only two scenarios, I think.

1.  He's dead.

2.  He has done more or less what you proposed.

He is (was?) a genius, level headed, calm, deeply understood game theory and understood what it would mean to use those coins from the early mining.  If he is still alive he has had the discipline to lay down riches of huge proportions.  And this is no small extent done because he knows it would endanger the stability of the invention if he touched those. And if his identity was known, especially at the beginning (you are here) it would be detrimental to the project, and dangerous for him.

What a badass.

[ChartBuddy]

Explanation

[cAPSLOCK]

There are also known addresses with no private keys.

There are no addresses with no private keys.

Better formulation:  It hasn't been proved that there's an address that has no private keys. On average, each one has 2⁹⁶ different keys.

There are addresses for which the possibility of there being a known private key is practically entirely impossible.

For example - these:

1BitcoinEaterAddressDontSendf59kuE
1CounterpartyXXXXXXXXXXXXXXXUWLpVr
1111111111111111111114oLvT2

The reason the private key is almost certainly unknown is these addresses are like vanity addresses.  I own a 16 core (32 thread) Ryzen 9 5950 (Monero ASIC lol).  This is one of the most powerful consumer CPUs you can currently buy, and actually stomps a lot of the Server type chips as well.

Executing the command

Code:

vanitygen 1BitcoinEaterAddressDoNotS

(Unfortunately I cannot even search for the last three letters) starts a search that on my chip is calculated to have a 50/50 chance of finding an address starting like this in:

74,159,994,000,000,000,000,000,000,000 years.

For a little (impossible) perspective the universe is thought to be only:
                                          14,000,000,000 years old.

So... there are no known private keys for those addresses without some kind of backdoor for SHA2.

[WaltKitty]

[cAPSLOCK]

Bank of America approves trading for Bitcoin

I really feel witty about these cases and how does these banks change their statements witnessing growing demand for bitcoin among their clients.

Nearly 3 in 4 professional investors in Bank of America survey see bitcoin as a bubble.Some 74% of those who responded to the Bank of America Fund Manager Survey for April said they see bitcoin as a bubble.

Buying btc is like owing 60 cars

And we probably have a thread for this one on the forum.But see how time flies from bitcoin is scam to we accept or offer btc services,bitcoin has came a long way.

I agree with BoA on this one!  Buying a single bitcoin most certainly will be worth about 60 cars one day!

[cAPSLOCK]

There are also known addresses with no private keys.

There are no addresses with no private keys.

Better formulation:  It hasn't been proved that there's an address that has no private keys. On average, each one has 2⁹⁶ different keys.

There are the "zero" addresses, formed from a private key with all zeroes. This is often seen in altcoins / shitcoins where they publicly burn coins.

There are also the vanity looking addresses such as 1BitcoinEater: https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE

It's never sent any coins, always just received them. Very unlikely anyone has the private key to that address, or might even be possibly no such private key can map to it. We do not know for sure, as like you said, it can not be proven. However, it is my opinion that the chances of anyone ever able to spend from that particular address is close to zero. Maybe 0.000000001% or something. Yes, there is a chance.

As far as I am concerned, it's impossible. Your definition of the word impossible may differ from mine. Normal usage of the word is usually hyperbole, but the meaning and intent is clear. It is impossible. Won't stop you from trying, but I'm sure you or anyone else will fail.

31h1vYVSYuKP6AhS86fbRdMw9XHieotbST
https://www.blockchain.com/btc/address/31h1vYVSYuKP6AhS86fbRdMw9XHieotbST

This address is unspendable. And this time I mean it in the correct sense of the word. It's a hash from zeroes. You can see coins sent to it, but never spent.

   Since addresses are encoded hashes, start with a hash, of which it would be nearly impossible to find the pre-image, e.g. assume a script hash of 0000000000000000000000000000000000000000. Encode that into a valid address:

bs58 -c 050000000000000000000000000000000000000000
31h1vYVSYuKP6AhS86fbRdMw9XHieotbST

Here is another address: 1CounterpartyXXXXXXXXXXXXXXXUWLpVr

Feel free to try and find out the private key to that one, as no one knows it. It was generated without knowing the private key, just an address. My use of the word impossible for this one just means very highly improbable.

Yeah... maybe I should read before I post about exactly what you have already posted.

However I am going to pick a nit.  Finding the private key for a known address is not impossible.  It is entirely 100% possible.

It is, however, PRACTICALLY impossible.

That is also a phrase that people almost always use hyperbolically.  But it is the literal truth.  Is it possible to flip a coin 256 times and on the very first try hit the private key for the coinbase address in block 2 (1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1)  But of course it will not happen even in a billion billion years.

That one from the hash of all zeros is nifty.  I am surprised craig wright has not claimed that and started court cases to have it turned over to him.  I be he could use the $99.99 (how weird that that is exactly what's in it at the very moment.)

(Don't get mad at me!   I agree with you that finding one of those private keys is IMPOSSIBLE.  But my inner AKCHUALLY needs to say the word practically in front of it not too be all itchy and scratchy inside.)

[cAPSLOCK]

https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

There's more than 2000 BTC in the Counterparty address, more than $60m USD. It's never going to move.

who hold the private key? lol

The universe has that one.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[heslo]

This is a very interesting rule on dell website

The 3070 pulls under 260 watts
The 3080 pulls under 325 watts.

As a long time miner this is big news.

The ban is in 6 states.
It is for 3070 and for 3080 models

That is absolutely ridiculous

[ChartBuddy]

Explanation

[Hueristic]

This is a very interesting rule on dell website

The 3070 pulls under 260 watts
The 3080 pulls under 325 watts.

As a long time miner this is big news.

Maybe this is why the alienware onboard chips were gimped in bios.

[JayJuanGee]

That data ONLY goes to February 2021... and February 2021, it looks as if the mining share of China may well have been estimated to have been ONLY a bit above 40% at that time.

So seems that a lot of that mining power that had been in China in 2020 and even into early 2021, seems to have already been migrating out of China, and is not there as much by February 2021 (of course, 40% is still a decent amount)..   but sure, we might have to see how the data evolves in terms of how the mining share numbers look when we get reports from the last 3-4 months.. and sure it would be interesting to fill in the gap of data including March 2021 and thereafter - even though we really had seen the largest of mining hashrate drops in June 2021 with hashrate drops of -16%, -5.3% and -27% in the past three respective difficulty periods..  

Can see those historical difficulty drops, here on btc.com, and the current hash rate of about an estimated -4.5% drop approximately, here..  even though in the past several days the hashrate seems to be going back up quite a bit.. so that difficulty drop might not be so great this particular 2-week period, which is about to end and due to retarget in about 17.5 hours or so, as I type.. this post.

Edited: Added the links to specify a bit more on the numbers that I had initially outlined in this post.

[JohnBitCo]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aysg76]

Edit : All I think about now is Bitcoin because the term money may include the inflationary cash in it.