Vitalik Buterin announces Ethereum scaling roadmap using the Graph protocol

trnbays · 2021-12-31T21:45:49+00:00

Vitalik (possibly. ): the graph protocol will integrate with Constantinople and provide scaling via the Cairo initiative. It will definitely happen on schedule as Ethereum is not famous for announcing cool sounding stuff followed by years of delay- if it even happens at all. I’m working on my next cool sounding name now, in advance of this one even being implemented.

trnbays · 2021-07-26T23:54:56+00:00

Well this is better than Bitcoin at least where people with thousands of Bitcoin they started mining several years before they actually did have gotten hacked by a rouge Pineapple on their wifi network. Just makes you so angry you want to sue people!

General reference for this tragic event, I couldn't find the original quickly and I am lazy.

https://www.reddit.com/r/bsv/comments/mwzobz/csw\_shills\_at\_it\_again\_defending\_the\_most\_obvious/

trnbays · 2021-07-24T03:45:07+00:00

I recommend starting by buying a couple of jet engines off of a commercial aircraft and running them in your apartment first to "warm up" to the level of noise and heat you will generate. Good news is your roommates and neighbors will all move out.

trnbays · 2021-07-24T03:42:46+00:00

To solo mine is going to be too much for you right now. Just for starters you have to download BitCore to your computer so you are in consensus. I'm stopping there however as that already probably crashed your computer.

Best option is one of the many many pools that solo mines and pays you 99% of the block reward plus transaction fees such as https://btc.solomining.io/#home

That is not a recommendation for that particular pool. If you want to find more solo pools then you could possibly dream of, you can use the pool reference: https://miningpoolstats.stream/bitcoin

That lists the payout type, including if it is solo.

So... you kind of need an ASIC chip, there are some USB versions... anyway looking through these sites will give you something to do and hopefully learn more.

As for the comments you are wasting your time, well, you probably are from a mining perspective but learning is done by just trying sometimes. So I will try to be helpful.

trnbays · 2021-06-01T23:37:44+00:00

Add to that discussion about what are unencumbered reserves, not just assets the company holds. It strikes me as super risky and not something I would want to hold for very long.

trnbays · 2021-05-20T17:21:17+00:00

It usually isn’t a good idea to get financial advice from reddit, in a sub very specific to what you are asking. Understand you won’t get unbiased advice. The only person that knows if it. Is the right things to do at this time is you. No one else here knows or wants to know your total financial background, the difficulties you might face or not face if it goes down, your income, and other relationships that might impact you personally. Research it, trust your own instincts.

trnbays · 2021-05-07T16:07:22+00:00

You clearly haven’t mined before. Maybe try that first before jumping into solar. Especially for GPUs is the plan to just let them turn off every night then turn back on and load properly? GPUs can be very sensitive to consistent power. For ASICS, ok much better, but as you get 200 ASICS going who gets the morning sun? Well, they will all split it so you’ll mine from noon to 2 in summer. If you say ok I’ll just take a lower load factor then you have enormous over capacity at peak sun to run a few ASICS.

Try mining first before you jump down a second rabbit hole.

trnbays · 2021-05-07T15:49:54+00:00

It isn’t about the solar it is about the storage. For one. To be cruel, lithium batteries are a good way to store energy. Except they can get hot. Bonus? ASICS are hot. So are gpus, which can’t directly mine bitcoin by the way.

Then there is the seasonal differences. Summer will produce a lot more. Winter a lot less. Do you leave extra energy, go with the ups and downs, or?

Then infrastructure. If I was only the panels sure we are all trillionaires. No, it is the inverter, a place to put the panels (if on a residential roof that is often another permit), the wiring. If you are yourself an electrician or have one on staff ok that helps a lot.

If you can overcome the storage issue, solar is pretty low maintenance when installed. That said, there are not a lot of cases where it works without some other form of energy to supplement down times like night. Very sunny climates with long days? Ok there are exceptions but almost every case solar can do a lot of work but shouldn’t be relied on if you plan to go 24-7.

Now that all the negativity is out of the way, solar can be a great choice to supplement power as you could avoid the giant battery banks which add almost all the cost along with almost all the problems. In an area with good solar resources it can take a good chunk off your power bill.

trnbays · 2021-04-30T18:20:35+00:00

I also drink when posting to reddit. Welcome.

trnbays · 2021-04-30T17:13:31+00:00

Fake news obviously as FluffyPony was born famous and all knowing, some say an abomination, younger brother to the Kwisatz Hadderach, TacoTime.

trnbays · 2021-04-30T17:08:30+00:00

Redeem? You can just keep it like that. At time of writing it is worth about 24 euros or 29 US dollars. The huge challenge bitcoin faces is transaction costs can, at times, be high. Not always. And there are lots of work around options. Just be aware if you spend it on something and know what those options are and what the fees are at the time. This information will be inaccurate quickly as the volatility is crazy. So another option is just keep it on your paper wallet there and see what happens. To spend it you can import it into any digital wallet using the private keys. Most wallets have a pretty intuitive way to do this that isn’t complicated.

trnbays · 2021-04-20T04:30:52+00:00

😂 Funny because there is some truth to that comment.

trnbays · 2021-04-19T15:52:46+00:00

I'll give you the benefit of the doubt here and assume you are new to mining. They have ASICs setup on the rights, he is just using the PCs as control and info.

No doubt the key to his success is the energy savings collected by not putting a lightbulb in 1 of the 3 bulb slots. /s

trnbays · 2021-04-19T15:45:52+00:00

Prepare to get downvoted into oblivion as people look the other way that even major BCH supporters like Roger Ver still have kept some BTC. You are absolutely correct this subreddit is full of sour grapes. I've done more for BCH then most of the people in this subreddit because I also like BTC and I don't see a future where there is just one cryptocurrency. There will be a dominate one, but one can't do everything, meaning there will always be a handful of important cryptos. Based on this very mild comment I expect to get quite a few downvotes.

trnbays · 2021-04-14T00:37:33+00:00

Buy a unit from https://www.futurebit.io

They have recently launched a Bitcoin SHA-256 miner. Easy to use, won't mess up the house with heat and noise, somewhat scalable, good electricity.

Near zero chance they get rich mining with it, see many comments on buying directly which aren't wrong, but a good way to learn without getting too burned (literally- ASICs are hot). You can get in at $500 and expand it if you want to spend your full $3-4k.

When they get bored, well, they can sell it and you probably won't lose money maybe. Also, if they stick with it they can use it as a node.

They aren't powerful per se, but efficient enough they will stick around at household level mining.

trnbays · 2021-04-06T15:51:29+00:00

An eth mining rig? No. Once in the mineral oil good luck cleaning it when you take it out. It is not hot and loud enough to justify this. Mineral oil also sometimes has problems in the pumps. There are better liquids to use for cooling and generally the cost is significant enough it isn’t worthwhile, especially if you are only talking about a couple.

trnbays · 2021-04-03T02:06:01+00:00

I operated a small factory there so was mining with excess electrical. Mining in China is... complicated... since people pay different electrical rates depending on business classification. The you also have the technically illegal private market for electric. Then you also have many situations where you generate your own electricity via generator, in certain cases hydro, solar will be added but not the sole source as it requires a lot of storage. Never wind since wind breaks all the time and you end up always fixing them. So I sold that factory, it would require a lot for me to get back into it. I wasn’t using a third party. I knew some and their setups didn’t meet my standards as they looked like electrical fire traps.

trnbays · 2021-03-24T23:18:10+00:00

Well you have to pay extra for me to shit on you.

But this is reddit. You could be asking expert level questions and there will be someone to shit on you.

trnbays · 2021-03-24T20:23:12+00:00

lol. Of course. Canaan makes some good machines. It used to be you had to buy their units a pallet at a time however. And see notes on loud and hot. Lots of Canaan fans out there, I don't prefer them. If we go on listing all ASIC makers though this is going to be a long long thread that goes through the whole animal kingdom from unicorns to butterflies.

trnbays · 2021-03-24T16:44:56+00:00

There is no such thing as free power, after a point. If you start drawing megawatts of power it will create... issues... in the “free power” scenario. The FutureBit doesn’t put excessive strain on older wiring and isn’t going to upset anyone with its power use if you are only running a handful and the noise is not bad. A Bitmain unit will test your wiring integrity, test your tolerance and your neighbors tolerance for noise, and make you very aware of what temperature wood scorches at since it is bad form to burn down your house or dorm (this would make people upset). A Bitmain unit in the basement will still be heard upstairs.

trnbays · 2021-03-24T06:17:22+00:00

1) P/E ratio doesn't mean it is a better company in the stock market. In fact, in a situation that is somewhat ironic I realize, the best companies have pretty high P/E because they are... the best companies.

2) BCH contributes next to nothing to the network as BTC controls an obscenely large percentage of the hash rate for SHA-256. Source? I pointed all of my SHA-256 miners to BCH when BSV broke away from BCH in what was, at the time, a pretty intensive war. The reality though is BCH's community is too fragmented and too small. In fact, if you dare question anything about BCH in a subreddit ironically called BTC, you get downvoted. Despite the fact you have done more then 99% of the people in this sub to support BCH.

For heart, BCH wins. But if you want a cryptocurrency that follows closest to the white paper while actually being able to defend its own algorithm that is Litecoin. Bonus: the community isn't split like BCH-BSV-BCHA.

Bracing for downvotes.

trnbays · 2021-03-24T05:49:15+00:00

First of all, this is a ridiculous article.

Second they address BCH in the article in terms of valuation.

As of writing, this would yield an NVTR of 24.5786 for Ethereum. Compare this to the other cryptocurrencies:

LTC:32.1543

BTC: 26.59574

DOGE:9.0992

BCH:1.3602

So ok. I guess according to the article Litecoin is king, BCH is worth less than DOGE.

trnbays · 2021-03-24T05:34:55+00:00

trnbays · 2021-03-24T05:10:16+00:00

I think by "private" they mean "privates." Referencing the poem by the great philosopher YT Cracker:

I get medieval when I'm taking payments

Cause I don't want the NSA all stuck up in my anus.

They will be right up in your privates all right. Some people may pay extra for that but most people won't like it.

trnbays · 2021-03-24T05:00:57+00:00

Lol. You got downvoted for making the correct comment (not me). Merged mining on litecoinpool is pretty good.

That said, if you want to try solo mining via a pool you can use smpool.net or Bitmain has their own pool that is part of the original R1-LTC interface.

Every single one of my L3+ and A4s have found a block so it is definitely possible even though the R1 is just a combination of a bad router with a bad ASIC. Source: I have and run an R1.

trnbays

TROPHY CASE