Fun story written by life:
Today i got to dip my toes into a situation like "getting rekt".
Some of you might remember i was on vacation a few weeks ago. What i did, like every time when i leave the house for more than a day, i moved my hardware wallet out of the building and hid it, along with various obfuscated forms of passphrases and seed word lists. Those who know me from here for longer will not be surprised that i totally forgot about this, initiated a small transaction in the ledger frontend today, and as prompted to connect the thing, i went for the usual place i store my ledger in.
Me:
Also me: Fuck! I guess i have left the stick somewhere, the kids were playing with it until they dropped it somewhere and my beloved wife threw it away, in belief that it's a stupid toy radio or whatever.
Me, after a while of searching: Hey, at least i got the seed words, time to take and use them...
Me, again: Fuck!
There were no seed lists anymore.
I can't describe how exactly i felt like in this moment and in the following 25 minutes, which were probably some less, but time was like standing still. I kept looking for the thing, constantly switching mood between desperation and hope.
About half an hour later i remembered my old habit of moving important stuff out of the house, made plans to lay out the most likely places to search in, and not even 20 minutes later i found the seedwords and ledger again.
As funny as it may sound, i was quite frightened (and also sweaty) until i found the stuff again.
Hi "life".. glad to hear about your wee-widdo story...
the life story is a great one to have, and by definition only seems to happen while still living. even though information could be "discovered" after the fact.. which leads us back to king daddy and our current topic of potentially wanting to secure and to pass value through time..
I am pretty sure that the most common ways that people lose their coins has been by locking themselves out of them.. so even if your memory was not having to remember complicated things, it still needed to remember some basic details.. and then what happens if you are the ONLY one to know this information.. and something happens to you? Maybe someone finds it? Maybe they don't find it for 40 years or longer? And when they find it, does it help anyone? or anyone then living who you care about.. maybe even the "wrong person" finds it 40 years later.
Next of kin. I knew that he had some coins.. but I cannot remember where or how many. Similar things have happened to me. I have some "cheat sheets," and I am trying to figure them out.. They are "easy" but even I am having trouble figuring them out, so what is going to happen to "next of kin" when they forgot what they were even supposed to be looking for..?
Oh yeah, those 30 bitcoins that were bought in 2015 and were lost in 2018 now happen to be worth quite a bit of money.. should we just ignore the amounts since we never had access to those coins anyhow? So what daddy OOM had left the coins to us.. it's kind of an abstraction regarding were there coins there or not? Part of my point is that it can difficult to find things, even when you know what you are looking for, and part of the question might be whether next of kin (heirs) are going to really be inspired to figure matters out if they might not be sure (exactly?) what they are looking for?
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maybe consider using shamir backup..
How does that help? You can leave your secret out in the open and no one knows what it is?
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Right. The power consumption depends on What Card you are mining on and what algorithm you are mining.
For Most of the AMD Cards, The most profitable algorithm is kawpaw at this moment which consumes 30.76% more electricity than Ethash.
So, If GPU miners move to kawpaw algorithm. It will increase power consumption.
Power consumption frameworks are pretty fucking dumb, lame and distractions in the first place. Who's telling anyone to turn off their Christmas lights? Or to makes sure they are shutting off electrical items when they are not using them or I bet that there is all kinds of energy waste that would drown the fuck out of anything related to bitcoin mining or shitcoin mining to the extent that shitcoin mining energy consumption is relevant in these here parts.
Generally speaking, historically if people had been able to pay for their energy consumption they were mostly able to do it.. so it just seems to be problematic to be going down the road of figure out good and bad energy consumption, unless the matter is something somewhat extreme and/or outrageous.. and the use of energy on bitcoin is not extreme and outrageous because it is merely data processing (with value attached to it) - except that some peeps are worried about bitcoin energy consumption because they are worried about normies being financially and informationally empowered. We would not want normies to be empowered would we?
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