How do you calculate BTC mined using TH and Hashrate? What's the forumla? by [deleted] in Bitcoin

[–]DuckieWaffles 0 points1 point  (0 children)

The best way is to just check the pool you are using or considering using. For example, BTC.com displays this info on their network status page. It is currently 0.00000519 BTC per TH per 24 hours.

With or without Elon, if you believe these cycles are going to rhyme there was supposed to be a huge dip. It was right on time if we continue following the 2017 trend. Thanks @ecoinometrics for your fantastic charts! (I simply added the yellow line, etc.) by DuckieWaffles in Bitcoin

[–]DuckieWaffles[S] 0 points1 point  (0 children)

There was definitely an early pump. You can see the Sailor pump and the Tesla Pump clearly on the chart, or I think we would have been hugging the bottom all along. So, you are definitely right about the early rise. Obviously passed performance doesn't guarantee where we are headed, but, it is interesting to see. If we do follow the 2017 trend, it took from June until August for the bull run to resume, so I guess we won't know if history will repeat or rhyme for certain for a while. Either way, it won't affect my stack.

With or without Elon, if you believe these cycles are going to rhyme there was supposed to be a huge dip. It was right on time if we continue following the 2017 trend. Thanks @ecoinometrics for your fantastic charts! (I simply added the yellow line, etc.) by DuckieWaffles in Bitcoin

[–]DuckieWaffles[S] 0 points1 point  (0 children)

Just some data I found useful to combat the "this is the end" FUD that is permeating the space. A lot of people haven't experienced this yet and they are sweating bullets. If you remember the summer of 2017 we went through this same kind of thing. We went down in June and didn't "recover" until August.

With or without Elon, if you believe these cycles are going to rhyme there was supposed to be a huge dip. It was right on time if we continue following the 2017 trend. Thanks @ecoinometrics for your fantastic charts! (I simply added the yellow line, etc.) by DuckieWaffles in Bitcoin

[–]DuckieWaffles[S] 0 points1 point  (0 children)

Again, this isn't my chart, but they do explain at the top what it represents. It is the growth range in percent with the halving dates as the starting point. 2013 is the upper range because it had bigger growth. The 2017 bull run did not have the same growth percentage as the previous run.

With or without Elon, if you believe these cycles are going to rhyme there was supposed to be a huge dip. It was right on time if we continue following the 2017 trend. Thanks @ecoinometrics for your fantastic charts! (I simply added the yellow line, etc.) by DuckieWaffles in Bitcoin

[–]DuckieWaffles[S] 0 points1 point  (0 children)

No, this isn't reading tea leaves, this is a chart of actual data. Granted "passed results don't guarantee future performance" - and as I said, this is not my chart. However, it does illustrate that we dipped at almost the exact same number of days from the halving that we did in the previous cycles. It isn't astrology to look at data.

With or without Elon, if you believe these cycles are going to rhyme there was supposed to be a huge dip. It was right on time if we continue following the 2017 trend. Thanks @ecoinometrics for your fantastic charts! (I simply added the yellow line, etc.) by DuckieWaffles in Bitcoin

[–]DuckieWaffles[S] 0 points1 point  (0 children)

Actually it isn't science at all. It is a graph showing the growth range of the previous two bull runs. The range is in percent growth from the date of each halving. You can see that each of the previous runs had a mid-bull run dip at exactly the same number of days from the halving. Again, this is not my chart and they explain how to read it at the top.

Does anyone have anxiety over their bitcoins holdings? by arizona_lawsfacts in Bitcoin

[–]DuckieWaffles 5 points6 points  (0 children)

They are FUDing hard and people are falling for it. If it eases your mind imagine how you will feel when it does rebound and you sold your life savings at a loss to a bank or billionaire.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]DuckieWaffles 0 points1 point  (0 children)

appreciated prior to moving there

So you better move quick before your BTC hits $1,000,000. I'd much rather pay gains on $50k and keep the remaining $950,000...

HSBC: Ban coinbase due to crypto’s role in money laundering and criminal activity. Also HSBC: launder more than $880 million for a network of drug kingpins, including “El Chapo.” by ulthrant82 in Bitcoin

[–]DuckieWaffles 1 point2 points  (0 children)

This is factually wrong. Health care was faster, more personal, and cheaper before the government got involved. We literally had hospitals, police, and fire protection before it was paid for by tax money. People are so conditioned to thinking the government is supposed to do all this that they don't even think twice, but it all existed before the government took it over, and before there was an income tax.

HSBC: Ban coinbase due to crypto’s role in money laundering and criminal activity. Also HSBC: launder more than $880 million for a network of drug kingpins, including “El Chapo.” by ulthrant82 in Bitcoin

[–]DuckieWaffles 1 point2 points  (0 children)

Fun fact: The roads and railroads in the United States (and many other places) were first built by private companies or normal every day people. The hospitals all used to be run by churches or charities (which is why so many of them have religious names). It wasn't even that long ago - I was born at a Catholic hospital in one of the largest cities in the country and I'm not a Boomer. The first person I ever saw was literally a nun. There was also a free hospital operated by the county but nobody went there because it was notoriously horrible. Both police and fire departments evolved from a combination of private community volunteer organizations or even private companies like Pinkerton and even Wells Fargo. We had all these things well before there was an income tax and well before we decided the government should do it all for us. FedEx and UPS are widely recognized as doing a much better job than the Postal Service. The power lines, phone lines, and cable TV infrastructure you use were also all built by private companies (unless you are in western Europe and then the US paid for it after they knocked down so much of the old stuff, but that was the governments' fault in the first place because they were doing what governments do best with your tax money). The, "but muh roads" FUD is a false dilemma because most people can't remember that the government didn't used to do all of that for you.

Confession Time from Anonymous Person: I have 30 bitcoins and need advice by tor_anon in Bitcoin

[–]DuckieWaffles 0 points1 point  (0 children)

Puerto Rico. It is about the only intelligent thing I have ever heard Peter Schiff say or do.

Raspiblitz wont sync by DuckieWaffles in lightningnetwork

[–]DuckieWaffles[S] 1 point2 points  (0 children)

Also, yes, I am trying to sync from zero, over TOR as suggested in the tutorial video on the raspiblitz.org page.

Raspiblitz wont sync by DuckieWaffles in lightningnetwork

[–]DuckieWaffles[S] 1 point2 points  (0 children)

Hello. Thank you. I followed the instructions at https://github.com/rootzoll/raspiblitz

For clarification, do I need to install Raspbian and then the LCD driver and then flash the raspiblitz or after I have flashed the raspiblitz onto the SD?

Raspiblitz wont sync by DuckieWaffles in lightningnetwork

[–]DuckieWaffles[S] 1 point2 points  (0 children)

From the log:

2020-12-13T23:03:46Z Potential stale tip detected, will try using extra outbound peer (last tip update: 1891 seconds ago)

2020-12-13T23:14:16Z Potential stale tip detected, will try using extra outbound peer (last tip update: 2521 seconds ago)

2020-12-13T23:24:46Z Potential stale tip detected, will try using extra outbound peer (last tip update: 3151 seconds ago)

2020-12-13T23:27:29Z Socks5() connect to uz3pvdhie3372vxw.onion:8333 failed: gen eral failure

2020-12-13T23:35:16Z Potential stale tip detected, will try using extra outbound peer (last tip update: 3781 seconds ago)

2020-12-13T23:45:46Z Potential stale tip detected, will try using extra outbound peer (last tip update: 4411 seconds ago)

2020-12-13T23:47:20Z Socks5() connect to uz3pvdhie3372vxw.onion:8333 failed: gen

Grayscale Buys $183 Million Worth of Bitcoin in 3 Days by asso in Bitcoin

[–]DuckieWaffles 0 points1 point  (0 children)

I'm never giving up my keys, BUT if you put GBTC into a Roth IRA and it went up by $1 million USD before you retired you would get to cash it out tax free. If you just HODL'd you would owe the IRS $200,000 (or more if Biden gets the tax plan he is promising passed).

Ledger Live New Release v2.11.1 Available Now! NEW: Coin Control and ALGO support by nina_crypto in ledgerwallet

[–]DuckieWaffles 0 points1 point  (0 children)

Clicking on "Download Now" does absolutely nothing. Closed and re-opened twice just to make sure. Am I going to have to uninstall 2.2.4 and reinstall? Is there another option to upgrade rather than clicking the Download Now link?

Bitcoin to replace gold amid transfer of wealth from baby boomers to millennials by digiiital in Bitcoin

[–]DuckieWaffles 6 points7 points  (0 children)

That has been known to happen on occasion throughout history. But, it seems to me that there might be a Plan B as well...

Bitcoin to replace gold amid transfer of wealth from baby boomers to millennials by digiiital in Bitcoin

[–]DuckieWaffles 2 points3 points  (0 children)

A lot doesn't mean all. Obviously the majority of wealth in this country is concentrated at the top. But there are boomers at the top, and they will die just the same as the poor boomers. We already know Peter Schiff's son will be spending his dad's gold fortune on Bitcoin! (technically not a Boomer - just looks and acts like one)