- Reaction score
- 1,701
Bitcoin
Discussion Official Bitcoin thread
- Thread starter The Helper
- Start date
- Reaction score
- 1,701
A long time ago I setup my next door neighbors graphics card to run bitcoin mining and he got like 7 bitcoins from it. About a month ago he bought a truck with 1 bitcoin. IMHO stupid to waste something that was rising so much but basically all the bitcoin he had was free so whatever in the end if it all crashes he has the truck. I wish I would have done it for myself but unfortunately I did not have the level of graphics card he did.
- Reaction score
- 889
Man. Bitcoin mining like 10 years ago. The dream.
- Reaction score
- 1,701
The pandemic is turning fracking companies into Bitcoin miners
In 2018, the global cryptocurrency market had crashed, and Sergii Gerasymovych was looking for a way to keep his Bitcoin mining company afloat. He eventually settled on a plan to make money while cleaning up two notoriously climate-polluting industries.
Gerasymovych’s biggest headache—as for all Bitcoin miners—was the price of electricity. Bitcoin miners compete against one other to unlock coins by solving increasingly difficult math problems with fleets of computers. This consumes a lot of power globally: about as much as Argentina each year. Bitcoin miners’ profit margin largely relies on the gap between electricity bills and Bitcoin’s value; if the latter drops, the only way to make up the margin is to curb the former. That’s why so much of the world’s cryptocurrency mining is tied to low-cost coal and hydroelectric plants in Asia. Gerasymovych was hunting for cheap power in the US, and stumbled on an intriguing source: Flare gas from natural gas wells. Now, a number of market trends are converging to propel a nascent industry in gas-powered Bitcoin.
More about it here: https://qz.com/1988503/bitcoin-miners-and-fracking-companies-are-working-together/?utm_source=YPL
In 2018, the global cryptocurrency market had crashed, and Sergii Gerasymovych was looking for a way to keep his Bitcoin mining company afloat. He eventually settled on a plan to make money while cleaning up two notoriously climate-polluting industries.
Gerasymovych’s biggest headache—as for all Bitcoin miners—was the price of electricity. Bitcoin miners compete against one other to unlock coins by solving increasingly difficult math problems with fleets of computers. This consumes a lot of power globally: about as much as Argentina each year. Bitcoin miners’ profit margin largely relies on the gap between electricity bills and Bitcoin’s value; if the latter drops, the only way to make up the margin is to curb the former. That’s why so much of the world’s cryptocurrency mining is tied to low-cost coal and hydroelectric plants in Asia. Gerasymovych was hunting for cheap power in the US, and stumbled on an intriguing source: Flare gas from natural gas wells. Now, a number of market trends are converging to propel a nascent industry in gas-powered Bitcoin.
More about it here: https://qz.com/1988503/bitcoin-miners-and-fracking-companies-are-working-together/?utm_source=YPL
w/e
Boaroceraptorasaurus-Rex
- Reaction score
- 275
First bitcoin I ever bought was at $1700 like 3 years ago. Day traded for 2 years and ended up in the same financial place that I would have been in if I had just held the bitcoin and not traded lol. Lesson learned. Too bad I ended up selling it and it's now like 60k.
- Reaction score
- 1,701
Bitcoin price has gone down quite a bit recently on Elon Musk and the environment stuff. 43,518.30$ down almost 20k LOL! Makes big headlines but seriously people it just means time to buy. Only way for any normal people to make money on bitcoin is for it to drop in price and drop it will. It always has. Does anyone look at graphs? I remember when they were buying a pizza with bitcoins. It will come up again....
w/e
Boaroceraptorasaurus-Rex
- Reaction score
- 275
Yeah I've got a bit just sitting there. I remember giant 80% drops in value. I'll ride my meager holdings all the way down to zero if that's where it goes.
- Reaction score
- 1,701
- Reaction score
- 1,701
- Reaction score
- 1,701
- Reaction score
- 1,701
Bitcoin surges to top $59,000, putting it within striking distance of all-time high
Bitcoin (BTC) surged on Wednesday to break above $59,000, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a level last seen during a 2021 boom.The price of the digital asset is now up more than 15% on the week and 40% so far this year, due largely to excitement sparked by a series of spot bitcoin exchange-traded funds that started trading in January.
Bitcoin was up more than 5% at $59,396 at last check, touching its highest point since November 2021. The current rally is testing whether the price can be pushed closer to its all-time high of $68,789. That apex came six months before a spectacular crash in 2022.
"Ultimately, what we're seeing is crypto is kind of rising from the ashes of the 2022 market," Ryan Rasmussen, a senior crypto research analyst for Bitwise Asset Management.
Bitcoin surges to top $59,000, putting it within striking distance of all-time high
The world's largest cryptocurrency is now within striking distance of its all-time high as investors turn increasingly bullish on bitcoin.
- Reaction score
- 1,701
Bitcoin to $100K? The odds of it happening soon are…
Bitcoin’s price might remain in a consolidation phase for few more weeks before starting a bull rally.
Bitcoin’s [BTC] value has been somewhat in a consolidation phase near the $70k mark for quite a few days. If the latest analysis is to be believed, then investors might not witness an unprecedented price rise in the near term.
Therefore, AMBCrypto planned to check BTC’s metrics to see what to expect from it in the coming week.
Bitcoin has problems ahead
According to CoinMarketCap, BTC’s value just dropped under the $70k mark. The token’s value went down marginally in the last 24 hours. At press time, it was trading at $69,973.35 with a market capitalization of over $1.38 billion.
However, it was interesting to note that, despite the recent drop, over 97% of BTC holders were in profit. Additionally, as per IntoTheBlock’s data, the market for BTC was still bullish.
ambcrypto.com
Bitcoin’s price might remain in a consolidation phase for few more weeks before starting a bull rally.
Bitcoin’s [BTC] value has been somewhat in a consolidation phase near the $70k mark for quite a few days. If the latest analysis is to be believed, then investors might not witness an unprecedented price rise in the near term.
Therefore, AMBCrypto planned to check BTC’s metrics to see what to expect from it in the coming week.
Bitcoin has problems ahead
According to CoinMarketCap, BTC’s value just dropped under the $70k mark. The token’s value went down marginally in the last 24 hours. At press time, it was trading at $69,973.35 with a market capitalization of over $1.38 billion.
However, it was interesting to note that, despite the recent drop, over 97% of BTC holders were in profit. Additionally, as per IntoTheBlock’s data, the market for BTC was still bullish.
Bitcoin to $100K? The odds of it happening soon are…
Bitcoin’s price might remain in a consolidation phase for few more weeks before starting a bull rally.
ambcrypto.com
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The Helper:
Here is a great appetizer recipe Texas style! https://www.thehelper.net/threads/recipe-chicken-stuffed-poblano-peppers.194086/ -
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How come you're so into recipes lately? Never saw this much interest in this topic in the old days of TH.net -
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tom_mai78101:
Signatures can be edit in your account profile. As for the old stuffs, I'm thinking it's because Blizzard is now under Microsoft, and because of Microsoft Xbox going the way it is, it's dreadful. -
The Helper:
I am not big on the recipes I am just promoting them - I use the site as a practice place promoting stuff+2
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Monovertex:
@tom_mai78101 I must be blind. If I go on my profile I don't see any area to edit the signature; If I go to account details (settings) I don't see any signature area either.
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The Helper:
You can get there if you click the bell icon (alerts) and choose preferences from the bottom, signature will be in the menu on the left there https://www.thehelper.net/account/preferences
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The Helper:
I think I need to split the Sci/Tech news forum into 2 one for Science and one for Tech but I am hating all the moving of posts I would have to do
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The Helper:
New dessert for Summer - https://www.thehelper.net/threads/recipe-lemon-blueberry-layer-cheesecake.194113/
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Varine:
Crazy how much 3d printing has come in the last few years. Sad that it's not as easily modifiable though -
Varine:
I bought an Ender 3 during the pandemic and tinkered with it all the time. Just bought a Sovol, not as easy. I'm trying to make it use a different nozzle because I have a fuck ton of Volcanos, and they use what is basically a modified volcano that is just a smidge longer, and almost every part on this thing needs to be redone to make it work
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Varine:
Luckily I have a 3d printer for that, I guess. But it's ridiculous. The regular volcanos are 21mm, these Sovol versions are about 23.5mm
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Varine:
So, 2.5mm longer. But the thing that measures the bed is about 1.5mm above the nozzle, so if I swap it with a volcano then I'm 1mm behind it. So cool, new bracket to swap that, but THEN the fan shroud to direct air at the part is ALSO going to be .5mm to low, and so I need to redo that, but by doing that it is a little bit off where it should be blowing and it's throwing it at the heating block instead of the part, and fuck man
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Varine:
I didn't realize they designed this entire thing to NOT be modded. I would have just got a fucking Bambu if I knew that, the whole point was I could fuck with this. And no one else makes shit for Sovol so I have to go through them, and they have... interesting pricing models. So I have a new extruder altogether that I'm taking apart and going to just design a whole new one to use my nozzles. Dumb design.
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Varine:
Can't just buy a new heatblock, you need to get a whole hotend - so block, heater cartridge, thermistor, heatbreak, and nozzle. And they put this fucking paste in there so I can't take the thermistor or cartridge out with any ease, that's 30 dollars. Or you can get the whole extrudor with the direct driver AND that heatblock for like 50, but you still can't get any of it to come apart
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Varine:
Partsbuilt has individual parts I found but they're expensive. I think I can get bits swapped around and make this work with generic shit though
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