pull down to refresh
36 sats \ 0 replies \ @Kenobi 17 Jun \ parent \ on: How Stratum V2 Increases Mining Profitability bitcoin_Mining
We're working on it.
I work for DMND (demand) and we are working to bring the first fully Stratum V2 pool out there.
Currently we are testing the pool with the Founding Miners: https://blog.dmnd.work/testing-sv2-with-the-founding-miners/
This reminds me of the Yosemite Garbage Can Dilemma.
The stellar quote here is the following:
There is considerable overlap between the intelligence of the smartest bears and the dumbest tourists.
I think we have entered a similar era in regards to AIs, but we are now the bears.
Exactly!
Some of the horror stories that you can hear about Student Debt is not about the people that went through Medical School, finished, and became a doctor. But the ones that tried, failed (for whichever reason), and are now stuck with a doctor sized debt but a cashier-level income.
They are truly trapped.
But if you add Bitcoin, that adds some optionality to the whole structure.
Well, it's also a way to provide some contractual clarity of how the Bitcoin is to be used.
It indicates to the lender that this isn't just a teenager YOLOing their money into some random Zero Day options, but a young adult with a long term plan and a sound strategy.
Regardless, this was just an initial idea for anyone to take and do with it what they please.
I'm just planting seeds here ;)
He he, thanks for covering for me @denlillaapan
And also, thanks for the kind words regarding my article, hopefully it help some aspiring Bitcoin students do some Financial Jiu Jitsu and use the system to stack more sats than imaginable.
Thanks for brining this up.
This report is huge, it definitely deserves more, but it's also hard to do so in one go, due to the sheer size of it. All in all, great write up!
Yeah, I'll do another post, as I realized that there are some missing charts.
Otherwise, you can do it by yourself, since I've provided the source data at the end.
Sounds like you arrived at the same conclusion as the original creators of the Proof of Work method.
But it makes sense to use money in this case.
The problem with this is then that you need money to make money, and I can already imagine certain jobs literally being paywalled for rich people only. Even though that already happens with nepotism, but oh well.
Well, hopefully my new and continuous analysis of this trend satisfies you.
Let me know what you think.
I just did a continuation of this analysis
Hopefully it's interesting and in the right direction. It was too hard (for now) to find a reliable source for median or even average wage.
If you help me find a good and reliable source, I'd be happy to run a new analysis with that, comparing it to minimum wage.
Get a ladder and some high vis vests with a friend.
Then go through the front, say that "the guys in the back said it would be better to go through here, not enough space for the ladder because of the (make up excuse, doesn't even need to make sense)"
Once you get in, leave them somewhere and enjoy
Idk, crazy concept to have a living wage, especially when the ACTUAL drag on the economy isn't the increase of your wages, but the actual devaluation of them.
On the same note, but less concentrated on NVIDIA, a bitcoiner on twitter recently did a comparision on how long it took someone to buy an SP500 share.
Back in 1971, it took something like 12 hours to buy one share with minimum wage.
Nowadays, in 2025, it was something like 240 hours.
I'll look it up and perhaps post about it here.