XScoins

Daily discussion thread

saloon

you scam me $150 worth of sats by referring me to a site to invest in you will reap what you sow scammer im flagging you right now


Don't answer him he's the one that created the geyser account to earn shitcoin don't click any link he dropped 

tech

How can I use AI to make passive income?

bitcoin

As someone who's been around the internet space for a number of years, I can tell you that crypto is like that flashy new sports car that everyone's drooling over, but nobody's really sure if it's worth the price tag just yet.

Sure, there are plenty of folks out there who swear by crypto as the best payment method out there, but let's be real. cryptocurrency is still in its early days, and it is highly unregulated so trusting for large transactions is a risk I wouldn't take and won't advise anyone to take, but for small accounts it is faster and convinient.

Don't get me wrong though, I'm not saying that crypto is a bad choice for large payments. It definitely has its perks, like fast transaction speeds and lower fees than traditional banking methods we use before.

One of the biggest issues with crypto also is its volatility. The value of most cryptocurrencies can fluctuate wildly, making it hard to know exactly how much you're paying or receiving less you transact using only usdt, even at that, it is now floating and who knows how it will end up, and let's not forget about the whole "crypto is used for illegal activities" stigma that still lingers around it, having large transactions can attract some kind of suspicions.

Is Crypto Still The Best Payment Method?

Happy Sunday Stacker 

nostr

Orange-Pill people through the Purple-Nostr-Pill

NAKAMOTO’S BITCOIN CONFRONTS OCCAM’S RAZOR

Orange-Pill people through the Purple-Nostr-Pill

Bitcoin and Nostr communities are in synergy. What started as a social protocol is quickly transforming into a space for exploration on ways to support content creators through bitcoin lightning micro payments, often referred to as zaps. Bitcoin integration to the nostr protocol strengthens Bitcoin's use case as a currency of exchange. It carves new paths to a culture of value4value.



NAKAMOTO’S BITCOIN CONFRONTS OCCAM’S RAZOR
This brings us to the English philosopher, William of Occam (1270 to 1347) and his famous principle, “Occam’s razor,” which can be expressed and applied in a litany of ways.

One description of this principle posits that the more exceptions that exist for a rule, system or device, the more fragile, or insubstantial that rule, system or device really is. For example, a contractor may claim that their firm has developed the most effective, powerful weapon in modern history. As they demonstrate the weapon, a number of exceptions emerge: It cannot be employed at night, it malfunctions in the rain, it requires extensive maintenance, it cannot be exposed to dust, etc. In light of the many exceptions and caveats to its performance, it does not live up to its billing: it’s actually not the most powerful weapon in modern history. In fact, such a weapon would be profoundly unimpressive.

One of the lightning user's greatest strengths is their remarkable speed. They are typically the fastest character in the series, and it takes a carefully calculated plan to slow them down. With their speed, they land attacks hard and fast, making them a troublesome opponent to deal with if their opponents can't catch them. Yoruichi from Bleach earned the nickname Flash Goddess because she mastered shunpo and can move at a speed that makes it seem like she is in multiple places at once.

One of the lightning user's greatest strengths

Strong and fast, lightning users in anime exhibit many skills. They have more in common than just their flashy abilities.

Action and fantasy anime sometimes feature a mage or specialist that can conjure electricity. This lightning user lives up to the phrase "fast as lightning" and strikes hard in battle. By training their skills, the lightning user can be a formidable foe on the battlefield.

In addition to their skills, the lightning user is sometimes an arrogant person who thinks that they are unbeatable. As a result, they sometimes can be impulsive and make reckless decisions. While not always the case, their unique powers often have an effect on them in and out of battle.




What Anime's Most Popular Lightning Masters Have In Common

 Using Satoshi

While not officially part of a major currency pair, bitcoins and satoshis can be converted to and from other currencies. Cryptocurrency exchanges allow you to convert between fiat and cryptocurrencies or conduct other transactions.

Generally, transactions involve depositing dollars, pounds, or other currencies into an account in one of the exchanges. The money is converted to satoshis or bitcoins, which you can use at merchants that accept them as payment. Not all online merchants accept all or any forms of cryptocurrency—make sure you research the merchants where you want to use your satoshi and bitcoin and make sure they accept them.

How Is Satoshi Different From Other Digital Denominations?

Many cryptocurrencies use denominations specific to their designer's preferences. For example, Bitcoin uses only the satoshi as a denomination, while Ethereum uses several.14 Both versions make it easier to conduct transactions in amounts that are not equal to the currency's market value, but their difference in denominations can be confusing if you're new to cryptocurrency.

To get the satoshi to U.S. dollar rate, divide the current market price by 100 million. To get the number of satoshi per dollar amount, divide the dollar amount you want by the satoshi to the dollar rate.

Satoshis can be referred to using the metric system to make it easier to understand:

    Millibitcoin (mBTC) = 100,000 satoshi
    Microbitcoin (µBTC) = 100 satoshi5

Ethereum uses different conventions for its equivalent values, with wei being the smallest unit of ether:

    1 wei = 1 quintillionth of 1 ether
    1 Gwei = 1 billion wei6

Ether has more denominations, but these are used the most. Both bitcoin and ether have different market values, so one satoshi has a different monetary value than one ether.
How Many Dollars Is 1 Satoshi?

Satoshi value changes with bitcoin's market value. For example, on Feb 12, 2023, Bitcoin had a market spot price of $21,970.70. At that time, one satoshi was worth $.000219707.78
How Much Is 10,000 Satoshi Worth?

On Feb. 12, 2023, one bitcoin had a spot price of $21,970.70. If you had 10,000 satoshi at that time, it was worth $2.2078

How Can I Buy Satoshi?

If you're only looking to exchange money for cryptocurrency, you can buy satoshi on an online cryptocurrency exchange. Most exchanges list markets for several cryptocurrencies and their associated denominations, with an option to purchase or sell them.


Satoshi in Bitcoin Explained: What It Is and How Much It Is Worth?

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If BITCOIN could be call another name what name will you call it?

What is the Meaning of Perpetual Futures in Cryptocurrency?

Perpetual futures in cryptocurrency refer to a type of derivative contract that allows traders to speculate on the price movements of an underlying cryptocurrency asset without actually owning or trading the asset itself. These contracts are designed to mimic the price movements of the underlying asset, typically a cryptocurrency like Bitcoin or Ethereum, and are commonly used for trading on cryptocurrency exchanges.

The term "perpetual" indicates that these contracts do not have an expiration date, unlike traditional futures contracts. Instead, they are designed to continue indefinitely, as long as the trader adheres to the contract terms and maintains sufficient margin to cover potential losses.

Key features of perpetual futures contracts include:

Leverage: Perpetual futures contracts often offer leverage, allowing traders to control a larger position with a smaller amount of capital. This amplifies both potential profits and losses.

Funding Rate: To ensure that the contract's price aligns closely with the underlying asset's price, perpetual futures contracts employ a mechanism called the funding rate. This rate is periodically exchanged between traders to keep the contract's value in line with the underlying asset's value.

Settlement: Since perpetual futures contracts do not expire, there is no actual physical settlement of the contract. Instead, profits and losses are settled in the form of cryptocurrency or stablecoins, depending on the trader's position.

Risk Management: Trading perpetual futures contracts involves significant risk due to the potential for large losses when using leverage. Traders should carefully manage their risk, set stop-loss orders, and avoid overleveraging.

Market Liquidity: Perpetual futures contracts are popular among traders and are commonly traded on cryptocurrency exchanges with high liquidity. This ensures that traders can enter and exit positions with minimal slippage.

Trading Strategies: Traders can use perpetual futures contracts for various trading strategies, including hedging, speculation on price movements, and arbitrage opportunities across different exchanges.

What are the Pros and Cons of Perpetual Future Contracts?

Pros of Perpetual Futures Contracts:

High Leverage: Perpetual futures contracts offer traders the ability to access high leverage, allowing them to control larger positions with a smaller amount of capital. This can lead to amplified profits if trades go in their favor.

Continuous Trading: Unlike traditional futures contracts that have expiration dates, perpetual futures contracts do not expire. This enables traders to engage in continuous trading without the need to constantly roll over positions.

Hedging and Risk Management: Perpetual futures contracts provide a tool for hedging and managing risk in both margin and spot trading. Traders can use these contracts to offset potential losses in their portfolios during volatile market conditions.

Reduced Funding Costs: The funding mechanism in perpetual futures contracts helps keep the contract's price in line with the underlying asset's price. This can lead to lower trading costs compared to other leveraged trading options.

Access to Various Assets: Perpetual futures contracts cover a wide range of cryptocurrency assets, providing traders with exposure to different markets and opportunities for diversification.

Cons of Perpetual Futures Contracts:

Unregulated Nature: Perpetual futures contracts are often unregulated financial instruments, which means that traders and investors may not be protected by regulatory oversight. This can expose them to potential risks, fraud, or misconduct without legal recourse.

Counterparty Risk: The absence of an expiration date in perpetual futures contracts can lead to higher counterparty risk, as traders are exposed to the financial stability and integrity of the platform or exchange offering the contracts.

Limited Legal Protection: In cases of default or misconduct, traders may not have legal avenues to seek compensation or penalties against defaulters. This lack of legal protection can deter traders from engaging in these contracts.

Complexity: Perpetual futures contracts can be complex trading products, requiring traders to understand the intricacies of funding rates, mark prices, and contract mechanisms. This complexity can be challenging for novice traders.

Price Convergence: While the automatic price convergence feature as the expiration date approaches can be advantageous for traditional futures contracts, it can also make perpetual futures more complex to understand and trade effectively.

Bottom Line

In this article, we have discussed what is the meaning of perpetual futures in cryptocurrency. Traders need to carefully consider these pros and cons and conduct thorough research before engaging in perpetual futures trading.

Meaning of Perpetual Futures in Cryptocurrency? What are the Pros and Cons?

What does Opportunity Cost Mean in Crypto?

Not Chatgpt I'm an Article writer took me days to bring this work together 


What is Mining?

Introduction

Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This ledger of past transactions is called the blockchain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.

The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.

Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new units available to anybody who wishes to take part. An important difference is that the supply does not depend on the amount of mining. In general changing total miner hashpower does not change how many bitcoins are created over the long term.

# Difficulty
The Computationally-Difficult Problem

Mining a block is difficult because the SHA-256 hash of a block’s header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros. The probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made. In order to generate a new hash each round, a nonce is incremented. See Proof of work for more information.

# The Difficulty Metric

The difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten minutes. As more miners join, the rate of block creation increases. As the rate of block generation increases, the difficulty rises to compensate, which has a balancing of effect due to reducing the rate of block-creation. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by the other participants in the network.

# Reward

When a block is discovered, the discoverer may award themselves a certain number of bitcoins, which is agreed-upon by everyone in the network. Currently this bounty is 6.25 bitcoins; this value will halve every 210,000 blocks. See Controlled Currency Supply.

Additionally, the miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income.

# The mining ecosystem
Hardware

Users have used various types of hardware over time to mine blocks. Hardware specifications and performance statistics are detailed on the Mining Hardware Comparison page.

# CPU Mining

Early Bitcoin client versions allowed users to use their CPUs to mine. The advent of GPU mining made CPU mining financially unwise as the hashrate of the network grew to such a degree that the amount of bitcoins produced by CPU mining became lower than the cost of power to operate a CPU. The option was therefore removed from the core Bitcoin client’s user interface.

# GPU Mining

GPU Mining is drastically faster and more efficient than CPU mining. See the main article: Why a GPU mines faster than a CPU. A variety of popular mining rigs have been documented.

# FPGA Mining

FPGA mining is a very efficient and fast way to mine, comparable to GPU mining and drastically outperforming CPU mining. FPGAs typically consume very small amounts of power with relatively high hash ratings, making them more viable and efficient than GPU mining. See Mining Hardware Comparison for FPGA hardware specifications and statistics.
ASIC Mining

An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for a very specific purpose. ASICs designed for Bitcoin mining were first released in 2013. For the amount of power they consume, they are vastly faster than all previous technologies and already has made GPU mining financially unwise in some countries and setups.
Mining services

Mining contractors provide mining services with performance specified by contract. They may, for example, rent out a specific level of mining capacity for a set price for a specific duration.
Pools

As more and more miners competed for the limited supply of blocks, individuals found that they were working for months without finding a block and receiving reward for their mining efforts. This made mining something of a gamble. To address the variance in their income miners started organizing themselves into pools so that they could share rewards more evenly. See Pooled mining and Comparison of mining pools.
History

Bitcoin’s public ledger (the ‘block chain’) was started on January 3rd, 2009 at 18:15 UTC presumably by Satoshi Nakamoto. The first block is known as the genesis block. The first transaction recorded in the first block was a single transaction paying the reward of 50 new bitcoins to its creator.

What is Mining?

What is antminer s19 pro miner?

Antminer s19 pro miner is an Asic mining machine, which is professionally used for Bitcoin mining. It is a mining machine for Bitcoin mining. Antminer S19 pro is equipped with a new generation of bitmain chips, and its energy efficiency is only 23J/TH. According to the official statement, this is achieved by improving the circuit architecture, which greatly improves the energy efficiency of the mining machine, and can be achieved by using APW12 high-efficiency power supply to improve the stability of s19 pro, in addition, the new firmware also has faster boot speed and intelligent control mechanism.

In terms of the interface of the mining machine, the interface control board of the antminer s19 pro has reserved the ETH network cable interface and TF card firmware interface. In addition, there is a restart button, an IP address button, and a running status light module, which highlights the s19 pro. The simplicity and efficiency of the miner are professional. In addition, large-area metal sheets are attached to the front and back sides of the computing power board. The front is used for overall heat dissipation, and the back is 77 independent heat dissipation. Both are fixed by the welding process, the contact surface is firm, and the heat dissipation effect is very good.

Antminer s19 pro is a classic mining machine under Bitmain. It adopts the integrated design of “chassis + power supply”. The whole machine is ultra-highly integrated, more beautiful, safer, and more convenient, and the utilization of mining space is more scientific. The actual computing power, energy consumption ratio, and reliability of s19prominer are at the forefront of the industry, and it is the well-deserved king of bitcoin mining machines.

It can be seen from the above information that antminer s19 pro is a kind of mining machine specially used for bitcoin mining. It has a higher hash rate, which means higher computing power, and can mine more at the same time. Bitcoin, get more income, so it is liked by many miners.
antminer s19 pro


Advantages of Asic Miners

-As we all know, antminer s19 pro is an asic mining machine, and ASIC is the abbreviation of application-specific integrated circuit. It is an electronic chip designed for a specific purpose and is professionally used for cryptocurrency mining operations. Because only a specific algorithm for mining needs to be designed, the design of the asic chip is very simple, and the cost is much lower, but the most important thing is that the mining computing power of the asic chip is tens of thousands of times higher than that of the GPU and CPU. , so now asic chips are often used for cryptocurrency mining.

-In general, ASIC refers to an integrated circuit specially designed for mining. Its characteristics are for specific needs. Compared with general-purpose integrated circuits, ASICs are smaller in size, lower power consumption, and are reliable in mass production. The advantages of higher security, enhanced confidentiality, lower cost, and improved performance. At present, cryptocurrencies based on the SHA256 algorithm, including Bitcoin, are mined using asic mining machines.
contact us.

What should I pay attention to when buying Antminer S19 Pro?

In the United States, the demand for antminer s19 pro is still very large. Many people will look for suitable cryptocurrency mining machines on social platforms such as Facebook and Twitter. However, with the increase in demand, many scammers have emerged, and they let many mining machines buy them. The family has learned a painful lesson. When the buyer of the mining machine pays, the fraudulent company will not deliver the goods, which will cause the buyer of the mining machine to lose a lot of money, so what is the safest way to buy the mining machine?
Find a good business to buy an S19 pro miner (110T)

• If you want to buy an S19 pro miner, the first method is to search for s19 pro factory on Google, some well-known miner factories will be on Google, such as bitmain, Goldshell, Avalon, etc. In addition, you can also go backward and Check every search result page on Google to see other miner suppliers, there are some reputable suppliers whose miners are of very high quality, and some miners that have been on Google for a long time are generally Not a liar.

What is antminer s19 pro miner?

What does Opportunity Cost Mean in Crypto?

Opportunity cost is the value of the next best alternative that is foregone as a result of making a decision. In crypto, opportunity cost can be measured by comparing the returns of different investments, such as coins, tokens, NFTs, or DeFi protocols. For example, if an investor decides to buy Bitcoin instead of Ethereum, the opportunity cost is the difference between the potential gains from holding Ethereum and the actual gains from holding Bitcoin. Opportunity cost can help crypto investors evaluate their choices and optimize their portfolio allocation.

What are the Examples of Opportunity Cost in Crypto?

Here are some examples of opportunity costs in the crypto space:

1. Investing in One Cryptocurrency Over Another: When an investor decides to put their money into a specific cryptocurrency, they are foregoing the potential gains that could come from investing in another cryptocurrency that performs better over the same period. For instance, if an investor chooses to invest heavily in Bitcoin, they might miss out on the rapid price appreciation of another altcoin.

2. Holding vs. Trading: Deciding whether to hold onto a cryptocurrency long-term or engage in active trading involves opportunity cost. Holding might offer the chance for significant gains if the cryptocurrency appreciates over time, but trading could provide more frequent profit opportunities if executed skillfully.

3. Participating in ICOs vs. Established Coins: Investing in Initial Coin Offerings (ICOs) can be lucrative, but it also involves risk. An opportunity cost arises when an investor puts money into an ICO that turns out to be less profitable than if they had invested in well-established coins like Bitcoin or Ethereum.

4. Staking vs. Trading: Staking involves holding and "staking" a cryptocurrency in a wallet to support the network and earn rewards. However, the opportunity cost comes from not using those funds for trading or investing in other potentially more profitable assets.

5. Time Allocation: The time spent researching, trading, or managing a cryptocurrency portfolio has an associated opportunity cost. This time could have been used for other activities, such as working, studying, or engaging in other investments.

6. Diversification: Choosing to allocate a significant portion of funds to a single cryptocurrency rather than diversifying across multiple assets could lead to opportunity cost. If the chosen cryptocurrency underperforms, the investor misses out on potential gains from other more successful investments.

7. Participating in DeFi vs. Traditional Investments: Deciding to allocate funds to decentralized finance (DeFi) projects could mean missing out on potential gains from traditional investments like stocks or bonds. Conversely, not participating in the DeFi space could lead to missing out on its potential high returns.

8. Holding Cash vs. Cryptocurrency: Opting to hold cash rather than investing in cryptocurrencies might result in an opportunity cost if the value of the cryptocurrency appreciates significantly while the cash's purchasing power remains stable or decreases due to inflation.

9. Choosing Not to Participate in Airdrops or Forks: Airdrops and forks are events where holders of a certain cryptocurrency receive additional tokens for free. Not participating in these events could result in missing out on potential gains from these additional tokens.

10. Time Horizon and Risk: A long-term investor who chooses to hold through market fluctuations might experience an opportunity cost if short-term trading could have yielded higher profits. Conversely, a short-term trader might miss out on long-term appreciation potential.

Bottom Line

In this article, we have discussed what are the examples of opportunity cost in crypto. It's important to note that opportunity cost is a fundamental concept in decision-making and investing.