1011 sats \ 0 replies \ @nullcount 59m \ on: An Electric Bitcoin Energy Question bitdevs
If someone has such a generator/reactor, they could probably earn more by selling the technology than mining BTC.
People often get too focused on the energy component of mining.
Capital management, energy, and operations. It takes all three to mine BTC effectively. Just having free energy does not necessarily give you a competitive edge.
You also need to have good operations (machines, internet, shelter, heat management, personnel to build, maintain and troubleshoot machines, etc.)
You also need good capital management. How many ASICs do you buy? When/what price do you buy them? Do you raise equity or debt to buy machines? Do you sell machines opportunely? What do you do with the sats you earn?
As far as attacks go, this is why we have the difficulty adjustment. If a powerful miner wants to cause havoc, they could take hash offline after a large upward difficulty adjustment and cause longer than usual blocktimes for the next 2016 blocks. Or they could bring lots of hash online and make blocks go really fast for 2016 blocks.
However, a powerful miner is unlikely to do this kind of attack because it would make them uncompetitive from a capital management and operations standpoint
Indeed. I have earned more from SN this week than I would have earned by mining with a single antminer s19 post-halving.
If you can write popular content about bitcoin in English while living in a low-cost country, it's certainly possible SN can pay for your groceries.
Last year SN was exploited using a wallet-drain bug #217122
But the user who found those neglected sats decided to give most of them back.
Maybe he would have been the first user to earn a living on SN
Keep shaming me with your made up morals while I laugh from my citadel feeling 10BTC richer.
Imagine going thru life asking, "did I earn this?" What a waste of thought!
Respecting the protocol means understanding the consequences of every interaction.
If a thief gets away with it, they earned it. The onus is on society/network/protocol to catch them. And on the individuals to avoid becoming a victim.
Its not distain for humans. Its ultimate respect for protocols.
If someone disrespect the protocol, they deserve what the protocol decides is their fate.
I accidentally turned my ASIC miner off for a few hours and missed a block. That miner stole it from me. If they were good natured and honest, they would send me that block reward for my mistake. /s
If we could rely on people being good-natured, we wouldn't need bitcoin.
Furthermore, what is to stop me from claiming every txn I made was a mistake? In fiat world, you can clawback almost any payment if you make a big fuss about it. There's an entire industry of scammers who exploit "good natured" people, because fiat allows them to get away with it.
Finders keepers. Code is law. Honestly, the coins are in my possession now and I am the true owner according to the only rules that matter (consensus).
Those who have proven incapable of HODL are not entitled to a second chance. What if they burn it next time? Better to let them learn and re-earn the hard way.
I am not more likely to give someone a random payday just because I just had one myself.
Go plead to the FBI and use the violence of the state if you want to steal it from me using fiat laws and customs as justification for your theft.
Otherwise, I'll just assume I earned it as a tip for delivering a pizza in 2012 and the customer just got around to sending it.
Might be working. You just need to share with us your IP address too (to get clearnet peers)
Once you have a public channel, your node should begin to broadcast both tor and clearnet addresses on the network's Gossip.
Depends what Internet Provider you use for Clearnet. Many choose to go with Cloud proxy or VPN.
If you want to serve fast payments locally, then would be ideal to use a Paraguay IP.
The geographic location of the node does not matter if using Tor. The packets will hop around the globe regardless.
https://glr.com.py is still the only node using a clearnet IP from Paraguay.
032cc4541b25e86e39a7d450a979c1a9adbe2878df3a93fcb59c96c700bfe26aa3Satoshi is the biggest hodler, that greedy bastard!
If only he would spend those coins, and dump the exchange rate (temporarily) and buy himself an island, and a fleet of Bugatti. Only then, would he become a generous saint /s
This idea that saving is greedy is a product of the fiat system. Those closest to the money printer are responsible for distributing the new money to the people.
Since Bitcoin has fair issuance, there is no longer a duty by the rich to spend. In fact, by holding, he makes everyone richer.
never selling anything is greed
HODL is the opposite of greed.
How greedy must someone be to spend a token he can earn back tomorrow in order to benefit from the use of another person's time that they can never get back?
His twitter name literally says "$650k BTC is the Floor"
I'm guessing he meant $0.065m ($65k)
Also, in this tweet, he uses "insure" when he probably meant "ensure".
Either way, its great that bitcoiners who don't know math or grammar are the ones proposing "comprehensive executive orders" to the next american regime. /s
Basically its because North America is owned by "Big Oil".
Some lobbying from oil tycoons in the 1950's led to Zoning rules that still require any new commercial building to include a ridiculous amount of parking spaces.
There are currently 4x parking spaces for every registered automobile in USA.
This zoning regulation had the side effect of creating asphalt oceans everywhere which only makes cities more "unwalkable".
These zoning regulations mean companies have to buy 20-80% more land to supply "adequate" parking. Obviously, this makes prices higher since the company will just pass this "free parking" cost to the customer.
In some ways, owning a car is expensive in USA (registration fees, tax, mandatory insurance premiums, fuel, maintenance, etc.)
But in other ways, NOT having a car is even more expensive. You still pay the "free parking" tax on all your groceries whether you parked your car there or took the bus.
Reminds me of Sqlite's Code of Ethics: https://sqlite.org/codeofethics.html
Privacy-aware websites include this HTTP header:
Onion-Location: http://mempoolhqx4isw62xs7abwphsq7ldayuidyx2v2oethdhhj6mlo2r6ad.onion/
Privacy-aware web browsers will acknowledge this header and add this to the URL bar when you visit the site on clearnet.
Click the "purple" button to enter The Onion.
Tor Browser, Mullvad Browser, Brave Browser, etc.
When you use Tor hidden services:
- Tor is slow
- Your ISP knows you are using Tor
- Mempool.space does not know your IP address
- Mempool.space knows what was searched and when it was searched and that it was searched from their Tor hidden service
When you use mempool's open source explorer from your own node:
- Very fast on LAN + easy to setup your own Tor Hidden service
- Your ISP (probably) knows you run a Bitcion node
- You are invisible to Mempool.space completely