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0 sats \ 0 replies \ @unschooled OP 14h \ parent \ on: Profitability of Heating with Asic s9 Miner bitcoin_Mining
A landlord who pays the electricity - what a dream!
My father used to make me cut wood as a kid. I'm glad I got to learn at a young age. Hoping to put this skills back to use at some point again.
BTW the s9 noise might drive you crazy in your shire home. Maybe fashion a noise-proof box if you go that way!
Thinking of you, I took as many pains as posdible to try and divorce this analysis from fiat prices. Ultimately, you can determine the price paid for electricity in terms of sats it's meaningless in the real world, at least until the hydro companies catch on and start accepting lighting payments.
Right now I am heating with wood stove, I have plenty of free wood around (I live in a mountain area).
I envy this. Do you split wood in the spring to season it before Winter?
Ofc you know this, but take extra care with your chimney and stay safe out there.
But my idea is to install a miner as heater in my new homesteading citadel (in construction now) where I have a nearby small river with enough flow to put a mini-hydro with 24/7 enough power to run whatever miners I want.
Incredible idea! Looking forward to your next updates on this...
... privacy tips
I think somewhere in there there's a point made about using an anon account for general browsing š
I'm with you there.
If you look at my tables, in my area, if you could find a way to automate the miners to just mine during the lowest rate-tier, then you getting about 12% sats discount.
Sadly this low rate is based on low overnight demand for power, and if someone with a massive amount of capital figured this out then it would probably increase rates.
Yes, but I use a surge protector because I have pets and a partner living with me. Can't be too safe.
I didn't pull any prices.
I determined the Fiat/BTC price at which I paid by dividing electricity cost by the amount earned in sats. All you need is the cost of your electricity and an average amount of sats earned per period.
You can download the file via my btc pay server (link in post) to see for yourself!
I wonder if gold faced as much resistance by plebs as there is against Bitcoin. Logically, wouldnt gold need to have been a good MoE before it became a store of value?
With Bitcoin, it seems the opposite, almost as though it needs to prove itself as a medium of exchange.
It wasn't about payments.
WTF?
I don't believe it's <5% 'using it' I think it's more like .1%
Anyway, I won't be cheering on institutions as they start to gobble up what's remaining and promise us that they'll never sell confiscated bitcoin.
The most important aspect of Bitcoin is the network of people using it. They can choose to use it how ever they want (ofc) but most likely people are going to do whatever is in their own best interest, and the government has its way of convincing people that it's in their best interest to comply.
Bitcoin circular economies can keep it out of the hands of nation states and big corporations. But with < 5% of the global population using it and now nation states and corporations getting involved, saying they'll never sell, I think it is reasonable to presume it can become captured. Circular economies keep it in circulation, nation states want to keep it out of circulation, because they can't tax or control it. I don't believe they are in the interest of pumping your bags. They won't sell, more likely, because bitcoin threatens dollar dominance. Circular economies benefit those involved, but hurt tax revenue.
Bitcoin was borne out of the cypherpunk movement in order to enable internet-native, permissionless payments. For what exactly, do you imagine Fink, Saylor and Trump plan on paying in bitcoin?
It seems like Saylor wants to relegate bitcoin to a reserve asset to help the USD stay dominant. I believe he has always refuted its "currency-like"/medium of exchange characteristics.
But that being said, Saylor seems to know exactly the semantic game he is playing. By refusing to acknowledge the MoE value of bitcoin, it really appears as though he is cosying up to those who would dollar dominance for eternity.
Lewis' essay, on the other hand, across as much more genuine.
I should rephrase that what I take issue with is Saylor saying it's not a currency.
Not trying to mince words about the economic and policy impacts re subtle differences between money, currency and capital.
Saylor was very clear it's not a currency and by this I believe he means for it not to compete with the dollar, hence his advocating for stablecoins cough CBDCs
I've heard you say you only spend "money" once a month. Presumably this means you're using a credit card for daily spending and pay it off with bitcoin using certain exchange services.
Aside from your work at Ocean, how do you think about the network competing with the dollar and should bitcoiners be concerned with using it as a "currency" in this respect?
It's great for linking users from other platforms to a digital product that you wouldn't make free somewhere else.
It's for exactly this reason I wrote the guide. Perhaps, if sufficient demand could be generated with high-quality, scarce educational content, then people would use it. Unfortunately, it's not very kid-friendly.
I like it better than the V4V model of first supplying and then hoping people will tip you for it. Value is somewhat derived from scarcity.
Lots in the works though to sync up with the broader Nostr network as well and better channel pages and whitelabeling.
I'm excited for what's to come!
Where I'm from homeschoolers are the exception, but I'd totally agree that it's the preferred way.
90% of post-industrial era teachers are glorified babysitters, inefficiency doing what a parent is better suited to do.
The other 10% see themselves as masters of a craft, and from what Ive seen really can provide exceptionally more value than the average parent (that is if you cut out all the administrative bloat of running a govt school). AI and other tech definitely tips the scales in favor of parents, but still I think the homeschoolers will remain an exception since parents will always be needed in their own areas of expertise. I could be wrong.
The 3rd function is basically a facilitator of sorts, like a substitute teacher, little more than a warm body that can follow instructions from the curriculum designer.
The sense of teacher that is most optimistically viewed by most, but under a pretty damp blanket.
Leave all of the expertise to ai and the rest to a good caregiver, is what you're saying, but it probably won't play out like this.
The role of a teacher as mentor is much older than the state as you've depicted it. It won't go anywhere when suddenly their 'expertise' can be purchased at a nominally lower cost. Unfortunate as it is, many parents can't be bothered by this aspect of their child's upbringing and would pay for someone better than a "caregiver" whether by taxes or private lessons. That's also to say nothing of pupils who are old enough to have some of their own self-determination.
I understand folks tend to view this topic with rose colored glasses, but yours seems overly pessimistic.
Whatever the free market dictates. Find a private tutor/teacher and pay them in Bitcoin. It is the future.
Their pay is more time with their kids and no taxes
Totally on board with this aspect.
However, I don't think AI replaces teachers like that. When automation starts to free up human capital, some parents will take on educating their own children. But most likely there will always be demand to outsource it to professionals.
100 sats \ 0 replies \ @unschooled 5 Mar \ parent \ on: Quick guide for small shops bitcoin_beginners
We just need to present to noobs all the options available and they can choose the best suitable for their case.
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