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Opinions on my strategy

Opinions on my strategy

r/BitcoinSee Post

BTC miner collective terahash dropped too

Gnosis Chain Merge - UPDATE YOUR NODES BY NOV 30TH

r/BitcoinSee Post

Bitcoin mining difficulty

r/CryptoMoonShotsSee Post

FifaCup.Win -Presale On PinkSale 18TH NOV 13:00 - Presale Time Duration only 2 hours- Live Match Streaming- SC/HC 50/100 - BlockSafu Audit

r/BitcoinSee Post

20x increase in adoption required to sustain network security after all coins are mined?

r/CryptoMoonShotsSee Post

FifaCup.Win - Secure betting on your favourite FIFA WC 22 Team - Presale On PinkSale 17TH NOV 14:00- 15 Mins Left - Live Match Streaming- BlockSafu Audit

r/CryptoMoonShotsSee Post

FifaCup.Win - Secure betting on your favourite FIFA WC 22 Team - Presale On PinkSale 17TH NOV 14:00- 3 Hours Left - Live Match Streaming- BlockSafu Audit

r/CryptoMoonShotsSee Post

FifaCup.Win - Secure betting on your favourite FIFA WC 22 Team - Presale On PinkSale 17TH NOV 14:00 - Live Match streaming - BlockSafu Audit

r/CryptoMoonShotsSee Post

FifaCup.Win - Secure betting on your favourite FIFA WC 22 Team - Presale On PinkSale 17TH NOV 14:00 - Live Match streaming - BlockSafu Audit

r/CryptoMoonShotsSee Post

Community Coin Looks Like It's Ready For Its Next Run - Founder's Last Coin Ran To 100M MKT CAP

r/CryptoCurrencySee Post

Stay Away From Coinbase!

r/CryptoCurrencySee Post

DO NOT MAKE THİS MİSTAKE AS ME........

r/BitcoinSee Post

New Bitcoin mining Hash Rate ATH: It breaks over 240 million TH/s.

r/BitcoinSee Post

New Bitcoin mining Hash Rate ATH: It breaks over 140 million TH/s.

r/CryptoCurrencySee Post

Debunking "hashrate is higher, so security is higher"

r/BitcoinSee Post

Live Auction - ASICMiner Block Erupter USB Sapphire Bitcoin Miner Complete Collection

r/BitcoinSee Post

New Bitcoin mining ATH: 234 million TH/s

r/BitcoinSee Post

New Bitcoin mining ATH: 233 million TH/s

r/BitcoinSee Post

Bitcoin hash Rate( TH/s) touch the ATH despair all day FUD. you can't stop Bitcoin 🚀

r/CryptoCurrencySee Post

The merge ETH 3 BTC halvings only fools will be left behind

r/CryptoCurrencySee Post

50,000TH BTC hashrate for lease, Extremely affordable price! DM for pricing.

r/CryptoMoonShotsSee Post

$BARFIGHT - AMA with Venom Call and Bruiser Call, 4pm - 5.30pm UTC | Massive marketing kicks off! Cmc, Cg listings in few days! - 196k low marketcap! Rug proof!

r/CryptoMoonShotsSee Post

Hash2O.com DAO Platform - Presale on PinkSale - 29TH AUG 16:00 - SC 150 BNB - Lifetime rewards - AMA's - SolidProof

r/CryptoMoonShotsSee Post

Hash2O.com DAO Platform - FairLaunch PinkSale - 28TH AUG 14:00 - SC 99 BNB - Lifetime rewards - Partnerships - AMA's - SolidProof

r/CryptoCurrencySee Post

Europe, and especially the UK, is about to be priced out of the mining game.

r/BitcoinSee Post

Very contradictory.

r/CryptoCurrencySee Post

Vitalik Says The Merge’s Exact Date Will Depend On Hashrate

r/BitcoinSee Post

Minedala - Bitcoin art that mines bitcoin

r/CryptoMoonShotsSee Post

Sumo Gorilla | (ERC20) | | Fair Launch 4Th August 7PM UTC |

r/BitcoinSee Post

Blokforge 10000 TH/s Miner.

r/CryptoMoonShotsSee Post

NumisMe will drive mass adoption into crypto like no other project has done before. Users of the NumisMe app save money by receiving all physical currency from their cash purchases back electronically. Seamlessly onramp to DeFi through the purchase of $NUME, no need for CEXs! Don't miss this gem!!!!

r/CryptoMoonShotsSee Post

NumisMe ($NUME) will drive mass adoption into crypto like no other project can. Users of the NumisMe app save money by receiving all physical currency from their cash purchases back electronically. Then seamlessly onramp to DeFi through the purchase of $NUME, no need for CEXs, don't miss this gem!!!

r/BitcoinSee Post

I LOVE GREEN, 💚 📗 🔫 🪛 🔋 📟 🧩 🪀 🎾 🥎 🥗 🫒 🫑 🥒 🥬 🥦 🥝 🍐 🍏 🍃 🪴 🍀 ☘️ 🌿 🌱 🌲 🌳 🌵

r/BitcoinSee Post

I LOVE GREEN, 💚 📗 🔫 🪛 🔋 📟 🧩 🪀 🎾 🥎 🥗 🫒 🫑 🥒 🥬 🥦 🥝 🍐 🍏 🍃 🪴 🍀 ☘️ 🌿 🌱 🌲 🌳 🌵, but when can we short it?

r/BitcoinSee Post

Big Wallet dumps over 60k bitcoin

r/CryptoMoonShotsSee Post

RareFND | Presale today 18/07 on Gempad Diamond | 1st End-to-end Charity&Crowdfunding crypto platform | Fully doxed team | Dubai Gov on Board | Incorp in Dubai | KYC + Audit

r/BitcoinSee Post

HashShiny - World's Leading Cloud Mining! New user get 5 TH/S (BTC) Hash Rate For Free!

r/CryptoMoonShotsSee Post

Doge4thJuly is a new undiscovered gem in the Play-to-earn world | Fair LAunch | Degens PLay | Experienced Team |

r/BitcoinSee Post

Threat of Quantum Attack to Bitcoin

r/CryptoCurrencySee Post

Dr. EthEvil takes over Bitcoin in 2069

r/BitcoinSee Post

How to Convert an Air-Cooled Miner into a Liquid-Cooled Beast!

r/CryptoCurrencySee Post

RH MONEY TEAM COMMUNITY PRIVATE CHAT 100% SUPER PRIVATE INVITE ONLY CHATROOM WEDNESDAY JUNE 29TH, 2022 WEST COAST TIME MONEY DON'T MAKE US, WE JUST MAKE MONEY. We specialize in big moves and bigs plays in BITCOIN by using technical analysis, fundamentals, and economics around the world. To hav

r/BitcoinSee Post

How to Convert a 110TH Air-Cooled Miner into a 180TH Liquid-Cooled Beast!

r/CryptoMoonShotsSee Post

$CAPGEM. Ongoing presale with 50%+ SC and incoming China community (@biquanchimu) potential

r/CryptoMoonShotsSee Post

Capsule Gem - presale of anime token ecosystem already reached 50%+ SC

r/CryptoMoonShotsSee Post

Capsule Gem Presale started. 16 BNB reached for 16 minutes. SC=30 BNB HC=60 BNB. Public Sale. Join now and earn.

r/BitcoinSee Post

For sale 5 - canaan Avalonminer 1246

r/BitcoinSee Post

I'm new and would appreciate your thoughts on whether growth in TH/s would impact BTC price?

r/BitcoinSee Post

Bitcoin Mining

r/BitcoinSee Post

f2pool's weekly newsletter regarding BTC mining&others

r/BitcoinSee Post

How many Bitcoin can you mine a day?

r/BitcoinSee Post

228.5 TH/s. New ATH Power on the Bitcoin Network. Ignore the FUD and price volatility and keep staking sats as much as you can.

r/CryptoMoonShotsSee Post

EasyCrypto aims to make investing easier for new/old. We will be creating an app with all the basic/advanced needs for cryptocurrency. The end goal for EasyCrypto is for the app to be used world wide by old and new investors.

r/BitcoinSee Post

THE CRYPTO MARKET IS DOWN AGAIN! TOP 10 CRYPTOCURRENCY PRICES ON MAY 9TH, 2022 - wima space

r/CryptoMoonShotsSee Post

| Easy Crypto | Stealth Fair Launch | Contract Audited | KYC | Experienced Team | Busd Rewards | 100 Billion Total Supply |

r/CryptoMoonShotsSee Post

Busdkitty, Safe Team, Audited contract locked Liquidity next 1000x!

r/BitcoinSee Post

Need ASIC?

r/BitcoinSee Post

The amount of solar radiation absorbed by the Earth in one day (24 hours) is equivalent to running the Bitcoin network for 44 thousand years at the current hash rate.

r/CryptoMoonShotsSee Post

Free Speech Token - inspired from elon musk tweet | fair launch on eth chain today | low marketcap at start | easily many x protentional | website and roadmap live

r/CryptoMoonShotsSee Post

EVER STEP you can Earn Rewards just by Movement

r/CryptoCurrencySee Post

Sanin - The Shiba Killer

r/CryptoMoonShotsSee Post

Moon Knight Inu - Just Launched - Liquidity Locked - Alphabet Devs Are At It Again - Next 1000x Token - Tokenomics - Trusted Team - Dont miss Out

r/CryptoMoonShotsSee Post

Arabian Kitty| Making noise | Launching In Few Minutes | Trusted Devs, Friendly community and much more | NFTs + marketplace coming soon |SAFU Dev and Team!

r/CryptoMoonShotsSee Post

| Arabian Kitty | Buy Hold Play Earn | Fair Launch In 30 Minutes | Huge Marketing Budget | Next Moonshot |

r/BitcoinSee Post

Mining question regarding hash power and profitability

r/BitcoinSee Post

What stops a financial institution or a reserve bank from performing a 51% attack on Bitcoin? If my quick maths is correct it might not be as "impossible" as suggested.

r/CryptoCurrencySee Post

What stops a financial institution or a reserve bank from performing a 51% attack on the major blockchains? If my quick maths is correct it might not be as "impossible" as suggested.

r/CryptoMoonShotsSee Post

The Fair Launch Start On April 12th Until April 15TH

r/CryptoMoonShotsSee Post

The Fair Launch Start On April 12th Until April 15TH

r/CryptoMoonShotsSee Post

Bullrun games | P2E gaming project | Pre-Sale on 20th April | Check our website, telegram and social media | This is just the beginning Do not miss this opportunity.

r/CryptoCurrencySee Post

What's wrong with my mining math?

r/CryptoMoonShotsSee Post

CareerCoin is a crypto project | based on the Binance blockchain. | It opens doors of opportunities | for job seekers, | freelancers, | trainers, | and everyone in the IT space, | allowing them to find their dream jobs, | start a side hustle, | or polish their skills. |

r/CryptoMoonShotsSee Post

MetaSpark $SPARK First Metaverse Dating platform to launch with Photo-realistic Avatars and face-tracking | Watch the platform trailer | Presale Starting 10th April

r/CryptoMoonShotsSee Post

MetaSpark $SPARK First Metaverse Dating platform to launch with Photo-realistic Avatars and face-tracking | Watch the platform trailer | Presale Tomorrow Last Chance to get a WL

r/CryptoMoonShotsSee Post

MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | Trailer Released | Presale DxSale 10th April @ 13:00 UTC | Last Chance to Get Whitelisted

r/BitcoinSee Post

HashShiny - World's Leading Cloud Mining! New user get 5 TH/S (BTC) Hash Rate For Free!

r/CryptoMoonShotsSee Post

Cat Force- Highest Apy in the town with super cool metaverse shooter game, Audit & Kyc done.

r/CryptoMoonShotsSee Post

Cat Force- Highest Apy in the town with super cool metaverse game, Audit & Kyc done

r/CryptoCurrencySee Post

Intel Launches New Bitcoin Mining Chip, Blockscale: "up to 26 J/TH of power efficiency"

r/CryptoMoonShotsSee Post

MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | Presale on DxSale 10th April | Get Whitelisted!

r/CryptoCurrencySee Post

Litecoin mining hashrate SMASHES all time high hitting 500.59 TH/s, this is BULLISH

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MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | Presale on DxSale 10th April | Get Whitelisted!

r/CryptoCurrencySee Post

LTC & DOGE - Is Dogecoin keeping Litecoin alive or holding it back.

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MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | Presale on DxSale 10th April | Get Whitelisted!

r/BitcoinSee Post

What's the best bet? Get a $8000 loan to buy a 110TH/S miner or buy BTC and hold to appreciate in value to pay back the loan at the end of the year?

r/CryptoMoonShotsSee Post

MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | 60 BNB+ Raised in Private Sale | Presale on DxSale | Get Whitelisted!

r/CryptoMoonShotsSee Post

MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | 60 BNB+ Raised in Private Sale | Presale on DxSale | Get Whitelisted!

r/CryptoMoonShotsSee Post

welcome to piston token guy’s the token to run the ecosystem. fully tradable and available to everyone

r/CryptoCurrencySee Post

Bitmain Antminer T17+ Available for Sale - Fully Refurbished Miners w/Monolithic Heatsinks.

r/CryptoMoonShotsSee Post

MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | 60 BNB+ Raised in Private Sale | Presale on DxSale | Get Whitelisted!

r/CryptoMoonShotsSee Post

Dorpaq official group

r/BitcoinSee Post

Are there any good books on Bitcoin mining? Preferably with a focus towards ASIC

r/CryptoCurrencySee Post

🎯Sometime later becomes never. DO IT NOW 🎯 🔥DORPAQ TOKEN PRESALE 🔥 🚀 JOIN PRESALE ON PINKSALE🚀 ✅ Verified Contract On BSC ✅ AUDIT ✅ No Rug Pulls 🔒 Locked liquidity ( 2 Years ) 👨‍💻 Experienced Dev 👩‍💻 Active Team 💰ANTIWHALE SYSTEM💰 🚀🚀 WORK STARTED FOR DORPAQ CRYPTO EXCHANGE 🚀

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MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | 60 BNB+ Raised in Private Sale | Presale on DxSale | Get Whitelisted!

r/CryptoMoonShotsSee Post

MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | 60 BNB+ Raised in Private Sale | Presale on DxSale | Get Whitelisted!

r/CryptoMarketsSee Post

S19j Pro 100TH [$7,600] and S19XP 140TH [$13,000] Available for Buy-Host in July at $0.065/kWh All-In

r/CryptoMoonShotsSee Post

Derug pugs NFT

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MetaSpark | Metaverse Dating Platform | Avatar Creation | NFT Marketplace | VIP Program | BUSD Rewards | 60 BNB+ Raised in Private Sale | Presale on DxSale | Get Whitelisted!

Mentions

The market has been bearish for a while now, and it looks like we might see a pump soon. I am just curious if it is the right time to buy BTC/BNB/ETH (Since these are the only coins that I trust and feel like they have utility). I still mine Bitcoin, and that has remained my most profitable source of income to date. I even purchased 14 new S19 Xp 141TH with zionodes , which takes my grand total of miners to 48. Mining revenue was way better last year and has taken a hit since the crash of BTC, but I do see the potential for higher profits in this space too, as miner prices have fallen drastically since btc's crash. All I'm doing is looking for safer long term investments apart from mining, such as buying tokens and staking them, and I feel like now seems like a good time to do so. Plan is to DCA, keep aside a set amount for miner purchase every month (hosted), and set amount for token purchase (which will immediately be staked) and continue to do this every month and cash out in the next pump. What do you guys think of my strategy?

It looks like this device gets 14 TH/s, uses 1.4 kW, and costs $1150. That means that it's basically just an Antminer S9 with a $1,100 enclosure. (S9s currently sell for around $50 on the used market.) This will make about $0.033/hour in revenue. If you pay $0.10/kWh, you will pay around $0.14/hour for electricity, which means that this will cost you around $0.11/hour to run this. For reference, [1.4 kW is 4780 BTU/hr](https://www.rapidtables.com/convert/power/kW_to_BTU.html). For [about the same price](https://www.amazon.com/COOPER-HUNTER-Ductless-Pre-Charged-Installation/dp/B08628HWN5/ref=sr_1_20?keywords=window%2Bheat%2Bpump%2Bair%2Bconditioner&qid=1668706765&sr=8-20&th=1), you could buy a heat pump with 3.7x as much heating capacity that would also work as an air conditioner. When run at 4780 BTU/hr (1.4 kW of heat), this unit would only consume around 400 W, and would cost around $0.04/hr to run instead of $0.14/hr. tl;dr: You got ripped off.

Mentions:#TH#BTU

>FutureBit just had a look at the specs: Mining: 2-3.8 TH/s Apolo vs. 14 TH/s Heatbit Power (thus heat out put as well): 200 watts Apollo vs. 1400 watts Heatbit not sure these two devices are really comparable, it's like they are in different weight categories, each made for their own purpose. I kinda think Apollo is a bit pricy at $500-800 for just 2--3.8 TH/s and 200w of heat. Heatbit installments option would be my choice here, i only saw it recently added re. using apollo as a computer - might as well just get a raspberry pi 4 if you are so inclined, those are $50-100 per piece

Mentions:#TH

if you run it as a miner (ie you don't need heat) - its unlikely to be profitable since, as you correctly noted, miners aren't profitable at the moment. If you run it as a heater - well, youd be spending the same electricity on heat anyways. By doing it through mining you get btc/sats as a reward. 14 TH/s makes about $1/day at current prices and difficulty levels

Mentions:#TH

I haven’t seen a heatbit in person, but I saw the designs and specs and it’s probably safe. Just uses a high CFM fan with a large and deep opening but low RPM. The miner inside is just a standard S9 13.5TH so it should be just as safe as one of those. You probably could run it in your bedroom. The dB they displayed is probably accurate.

Mentions:#TH

>FutureBit are you getting about 3 TH with that Apollo btw? Sounds like its the same chip efficiency but man, Apollos are at $500-800, kinda pricy for 200 watts and 3 TH/s only

Mentions:#TH

Yep. Pretty much like an S9 in terms of TH but boy this thing is quiet. Make sure to listed to the video with the sound ON

Mentions:#TH

Its 14 TH as well? Nice! I'm thinking of getting one acutlaly. Not a goldmine by far but good cashback on my power bills. Maybe my mom will let me mine at home as well now

Mentions:#TH

You are off by about 6 zeros. The Bitcoin network hasn't been at the hundreds of TH/s in years! This shedding is likely due to the recent bankrupt miners turning their miners off. This is the beauty of Bitcoin's design, the difficulty level will adjust, tik tok next block every 10 min or so. Nothing more can be inferred from this news.

Mentions:#TH

> Where can I find the Current Target? In the most recent block header bitcoin-cli getblockheader $(bitcoin-cli getbestblockhash) . "hash": "0000000000000000000410fcb54c86df13bb51507b17f0baaac822bc7f314821", "confirmations": 1, "height": 765177, "version": 764338176, "versionHex": "2d8ee000", "merkleroot": "e2db020ebd47cb8aaede7e14312941f0f38c39dfd6ab8edb3ca100075067ecbe", "time": 1669729297, "mediantime": 1669727377, "nonce": 1662663735, "bits": "17079e15", "difficulty": 36950494067222.41, "chainwork": "00000000000000000000000000000000000000003a71a95a1260e0443d5240aa", "nTx": 1753, "previousblockhash": "00000000000000000003efaf55043b232dc9afcddb0e54d1b6fb0099a401f5d2" "bits": "17079e15" > How is the current target defined? There is only 32 bits of space to store it, so it is compressed into a "coefficient/exponent format, with the first two hexadecimal digits for the exponent and the next six hex digits as the coefficient. In this block, therefore, the exponent is 0x17 and the coefficient is 0x079e15" See this in Ch10 of Mastering Bitcoin https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch10.asciidoc Search down to "Target Representation" The text book demonstrates some exponentiation calculations, but there is a shortcut The exponent is the number of bytes after the leading zero bytes including the 3 bytes of the coefficient. In the current block this means that in *17079e15* the 0x17 exponent is decimal 23, so the uncompressed representation is 23 bytes long including the coefficient. That means, it's the coefficient followed by 20 zero bytes 079e150000000000000000000000000000000000000000 With leading zeros ... 000000000000000000079e150000000000000000000000000000000000000000 Similarly, the original and maximum target is *1d00ffff* which is 00000000ffff0000000000000000000000000000000000000000000000000000 > Why is the MAX target ... not F's only The max target is arbitrary. The fact of the trailing bytes being '00' or 'ff' is of no consequence. A simple arithmetic fact ... ffff0000000000000000000000000000000000000000000000000000 - 1 = fffeffffffffffffffffffffffffffffffffffffffffffffffffffff and ffffffffffffffffffffffffffffffffffffffffffffffffffffffff + 1 = 0100000000000000000000000000000000000000000000000000000000 So the choice of 0x00 over 0xff is a matter of 1 higher or lower > How to interpret the Difficulty figure? Difficulty is inversely proportional to target, and the original target *1d00ffff* is defined as difficulty 1. This is explained in the Bitcoin wiki https://en.bitcoin.it/wiki/Difficulty > What does this figure mean exactly? In your terms, difficulty is the average number of hashes required per block divided by 4295032833 See this piece of work for an explanation https://np.reddit.com/r/BitcoinBeginners/comments/v7usdp/bitcoin_difficulty_whats_the_unit/ibq73ug/ So your calculation should be 36950494067222.41 * 4295032833 = 158703585214291960063387 hashes per block or 36950494067222.41 * 4295032833 / 600 = 264505975357153266772 hashes per second which is about 264 Exahashes per second, somewhere close to the current quoted hash rate. To be precise, it's an accurate estimate of the average number of hashes per second for the previous 2016-block adjustment period > that an average ASIC has a hash power of 166TH/s The network is currently a mix of 140TH/sec S19XP and 100TH/sec S19, with smaller amounts of non-Bitmain devices, and very small numbers of Bitmain devices older than S19. No idea if the average is closer to 100 or 140 > Where can I find resources Some in the Bitcoin Wiki. Everything in the Antonopoulos book, especially ch10 for mining. The trick for counting trailing zero bytes to convert from the compressed format was worked out in my head (very slowly) Also https://developer.bitcoin.org/reference/block_chain.html#block-headers

Mentions:#MAX#TH#XP

166TH is that average asic, where did you get this?

Mentions:#TH

> As miners improve, will this not push the difficulty adjustment too high for profit, or at least limit the equipment to be able to compete after a short period of time? Probably not. This was an issue in the early years. But the current 5nm devices are unlikely to be superseded for years. The more important question for a new player is whether to buy the 5nm devices or the much cheaper 7nm devices The 5nm devices consume 21.5J/TH, compared to 29J/TH for the 7nm devices. Device pricing heavily favors the 7nm devices. Also, only one manufacturer has the 5nm devices so far - hence the price extortion The certainty is that the only miners who will be profitable in 6 months (or less) will be burning 21.5J/TH, 30% less than the others For whatever reason, the manufacturer hasn't tagged the 5nm devices with a new model number. Antminer S19 and S19Hydro and Pro are 7nm. Don't be fooled by "hydro". This gives you more hashes, but still burns 29J/TH. The 5nm devices are S19XP. You can tell you're buying that because the price is almost double. Only buy from the manufacturer. The other marketplaces are rife with thieves > How do I know that the rewards are distributed at random? Wow! Buy a calculator. Bitcoin mines 52,000 blocks per year, and there are about 2 million miners. You mine solo, you wait 30 years for a single payment. Everybody is in a pool. A pool does not mine Bitcoin Rewards are random due to the logic in the software. The probability basis is explained in this comment from earlier this week https://www.reddit.com/r/Bitcoin/comments/z5i5yw/bitcoin_riddle/ixxrbdm/ > Does the network distribute bitcoin rewards in full coins The network doesn't. The miner builds a block of transactions. The first transaction in every block is called "coinbase". It's a special transaction, pays to an address, does not spend any coins. The reward amount, plus fees, is paid to the address in this transaction. Every miner uses the address supplied by the pool manager. The pool receives the amount, which is currently 6.25 plus fees. Fees vary from block to block In Bitcoin there is no such thing as a full coin. Every amount is an integer count of Satoshis. The reward amount in a recent block was 657,476,092 Satoshis The pool distributes its rewards to its members based on the work reported by each pool member to the pool https://en.bitcoin.it/wiki/Pooled_mining Joining pools means everybody gets paid, although hardly anybody actually mines any blocks --- Profit can be calculated on mining calculator sites. These have one huge flaw. They use the current difficulty level, or some of them allow for a nominal monthly difficulty increase. This gives the naive wannabe miner an impression of constant earning amounts But the difficulty - an indicator of how many terahashes are sharing the fixed 450 daily reward - recently increased by more than 100% in a short period > electricity costs was at average prices No such number. Don't be vague. Enter your actual price in the mining calculators Have you ever heard of the beer game?

Mentions:#TH#XP

> hash with a requisite amount of leading 0's as determined by the current difficulty No, it's a hash smaller than the current target. Leading zero bits was never implemented because it only allows for powers of two adjustment, which isn't fine enough > A modern miner can do over 10 TH/s 140TH/sec > there is also a timestamp field, with millisecond accuracy One second precision https://developer.bitcoin.org/reference/block_chain.html#block-headers

Mentions:#TH

>If the total number of nonces is x, then surely the probability of finding the block increases as you hash more? At the beginning, it would be 1/x, then 1/x-1, then 1/x-2. Going through all the nonces does not guarantee a solution to the problem. The solution is a hash with a requisite amount of leading 0's as determined by the current difficulty. There can only be \~4.29 billion nonce values for a given block. A modern miner can do over 10 TH/s which is 10,000 billion nonces in one second. The key here is that there is also a timestamp field, with millisecond accuracy, and also you can change up what's in the block as well if you need hash more than 4.29 billion times per millisecond (pretty sure we're here already) you just add/remove a transaction from the block and run through all the nonces again.

Mentions:#TH

https://learn.saylor.org/mod/book/view.php?id=36380&chapterid=19030 The Extra Nonce Solution Since 2012, bitcoin mining has evolved to resolve a fundamental limitation in the structure of the block header. In the early days of bitcoin, a miner could find a block by iterating through the nonce until the resulting hash was equal to or below the target. As difficulty increased, miners often cycled through all 4 billion values of the nonce without finding a block. However, this was easily resolved by updating the block timestamp to account for the elapsed time. Because the timestamp is part of the header, the change would allow miners to iterate through the values of the nonce again with different results. Once mining hardware exceeded 4 GH/sec, however, this approach became increasingly difficult because the nonce values were exhausted in less than a second. As ASIC mining equipment started pushing and then exceeding the TH/sec hash rate, the mining software needed more space for nonce values in order to find valid blocks. The timestamp could be stretched a bit, but moving it too far into the future would cause the block to become invalid. A new source of "change" was needed in the block header. **The solution was to use the coinbase transaction as a source of extra nonce values.** Because the coinbase script can store between 2 and 100 bytes of data, miners started using that space as extra nonce space, allowing them to explore a much larger range of block header values to find valid blocks. The coinbase transaction is included in the merkle tree, which means that any change in the coinbase script causes the merkle root to change. Eight bytes of extra nonce, plus the 4 bytes of "standard" nonce allow miners to explore a total 296 (8 followed by 28 zeros) possibilities per second without having to modify the timestamp. If, in the future, miners could run through all these possibilities, they could then modify the timestamp. There is also more space in the coinbase script for future expansion of the extra nonce space.

Mentions:#TH

Try the Gekkoscience device if you don't care about recovering the cost. It's a USB device with 2 ASIC chips from a fairly recent ASIC box. The boxes have a few hundred chips running in parallel for 50-100TH/sec https://www.amazon.com/GekkoScience-COMPAC-Fan-Upgrade-Combo/dp/B0BDJMPM3C The price has fallen recently, but you're still paying $200 to earn a few dollars per year

Mentions:#TH

Bitcoin mining is in the fiat economy. As a business, the fiat value of the mined coins plus fees needs to be lower than the fiat cost of mining, or the business is running at a loss > Sure, an equilibrium can be reached but what is this - 10k miners or 10? You missed the point. The equilibrium is automatic on the Bitcoin side because the difficulty adjustment ensures a 10-minute block interval whether the global hash rate goes up or down On the mining side the equilibrium is established by the economics described above, or by a cost so low that hobby mining is affordable at a small loss to the miner. As a hobby, if the miner count falls to about 1000 miners with low-power devices hashing about 1 TH/sec each, consuming 21.5 watts, Bitcoin's difficulty adjustment ensures that mining does its job - creates a 10-minute delay between blocks - even if miners are losing $20 per month for the privilege > This dictates the success or not of the network No

Mentions:#TH

tldr; Ravencoin (RVN) jumped 20% after Binance Pool announced it would charge a 1% mining fee for the proof-of-work (PoW) coin. Ravencoin’s mining hash rate has declined since it peaked at 17.5963 TH/s on September 22. However, the recent announcement appeared to have had a positive effect on the hashrate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#RVN#TH#DYOR

Their website says up to 14 TH/s using 1.4 Kw while heating up to 175 sq ft of space whisper quiet.

Mentions:#TH

The radiator in that link has 3 fans on it. How much quieter is it rigged with oil cooling and a radiator versus the unmodified S9 with 2 fans? I've got an S9 with Braiins OS+, I underclock it to only use 900 Watts and the fans only spin up to about 11%, because it is much quieter. Honestly the power supply unit small fan is the loudest part of my miner. But at 900W I am only hashing at 11.5 TH/s, and at full power it hashes at 14 TH/s. So I'm only loosing a few TH/s and it is pretty quiet. I'm wondering how the noise of that radiator setup compares to mine, and I could run it at 1400 W and 14 TH/s.

Mentions:#OS#TH

Ayooooo green candles on the menu LFG 🚀 (Between you and me I trust this market as far as I can throw it and 235m TH/s of hash power sounds really really heavy)

Mentions:#TH

>if many miners, as is already happening, declared bankruptcy simultaneously, it would become much easier to get 51% of the network’s computing power and compromise its security. The current aggregate hash rate is around 240,000,000 TH/s. A contemporary ASIC miner such as the Antminer S19 Pro can do approximately 110 TH/s and consumes 3250 W of power (even more to keep it cool, but let's ignore that). We can assume the nefarious operator who wants to mount a 51% attack doesn't already control 51% of the existing hashpower; if they did they'd already be abusing it. You could speculate that they have 1%, 5%, 10% or more of the currently available hashpower but I'm going to assume anyone who wants to attack the network isn't currently mining blocks and isn't included in the existing 240,000,000 TH/s capacity. So this newcomer needs to acquire 240,000,000 TH/s of SHA256 hash computing capacity--equivalent to about 2.2 million AntMiner S19 Pros, which aren't available in that quantity ANYWHERE, but if they were they'd cost a few billion dollars to acquire--build a facility to house and cool their ASICs and provide ~7 GIGAWATTS of power to them at a cost of several million dollars per hour. If they succeed, what do they win? They can censor (prevent) new transactions or invalidate/erase earlier transactions by introducing a newer, longer chain than the "honest" chain used by everyone else. They can't steal anyone's Bitcoin or overproduce new Bitcoins at a rate faster than the protocol allows. Is that with several billion dollars up front and upwards of $100 million per day in operating costs? I doubt it.

Mentions:#TH#SHA

BREAKING: BTC DEAD AGAIN FOR THE 69429^(TH) time!

Mentions:#BTC#AGAIN#TH

There are a lot of reasons for this: 1. Firstly, the hash rate always lags behind. Miners need to order equipment and it takes several months before it's delivered and installed. 2. Furthermore, there was a huge reduction in hashrate because of China's mining ban. The november hashrate was still not recovered from the previous ATH of May 2021. 3. Furthermore, miners will still mine even if they mine at a loss because of sunk costs (not mining would mean an even greater loss). 4. Furthermore, mining equipment has reduced in price by 80% since bitcoin's ATH. 5. There are already several big miners that have become bankrupt in the last 2 months. But miners that are still mining have scooped up the cheap equipment that these bankrupt miners were forced to sell. So even though miners have gone bankrupt, the hashrate didn't get lower because other miners increased their hashrate. ​ If you think BTC price follows the production costs, how do you explain that the hashrate went from 160M EH/s in November 2021 (a lower cost of production, yet a higher price of BTC) to 280 EH/s in November 2022 (a higher cost of production, yet a lower price of BTC)? ​ PS: it's EH/s and not TH/s

Mentions:#BTC#TH

That was an example to illustrate… To your point « the price will dictate how profitable it is to mine and the more profitable it is profitable to mine, the more miners… », can you please elaborate on the hashrate going from 160M TH/s in November 2021 with a price of Bitcoin at 55’000$ to 280M TH/s in November 2022 with a price of Bitcoin at 16’500$ ?

Mentions:#TH

> biggest mining farms will be able to buy cheaper equiments and gain more power This won't happen. The current price dip has pushed profitability away from Antminer S19 (29J/TH) and in favor of Antminer S19XP (21.5J/TH). The big miners which are going down are those which bought S19, because of the lower purchase price 6 months to 12 months ago. Their bargain S19s won't be purchased by large miners. They're going to be really popular for hobby miners. Prices will be under $500 per box > People seem very confident that the price will increase during the halving in 2024 The price of Bitcoin is not important

Mentions:#TH#XP

Thanks for your response. > For all we know Bitcoins hashrate could be WAY over the necessary level needed to secure the network. More hashrate doesn’t always equal more security, there is a point where no attacker could ever hit the network and any additional hashrate beyond that has no security value. This is one of my key takeaways from this thread. My thinking was anchored around 'the 2022 TH/s is the standard and any drop compromises security'. Whereas, you're right, the marginal decrease in 51% attack probability above a certain TH/s will be negligible. Do you have any suggested reading on what is generally accepted as the minimum hashrate to ward off a 51% attack?

Mentions:#TH

> It's common to blindly believe that prices will double every halving, preventing hash rates from halving. Anybody who believes in price doubling every 4 years to 2141 is deluded I actually don't believe the price will double every 4 years; but I do want to confirm something the logic behind your original statement. "The hashrate will fall every time there is a halving" - this is because the hashrate is (theortically) linearly determined by the expected reward from miners. So if the reward to mine a block drops by 50% they spend 50% less energy trying to mine it (energy equaling hash rate here)? "The cost to mine bitcoin will fall every time there is a halving" - this is due to the 50% drop in hashrate from the above point leading to a 50% decrease in difficulty via the difficult adjustment mechanism? > Bitcoin is secured by its node network, not the mining hash rate I agree with that but perhaps we have different notions of security here. For me at least, 'security' is measured by the difficulty for an outsider (currently holding 0% of the hashrate) to conduct a 51% attack. That requires them to contribue an additional ~100% of the current hashrate to the network. E.g. hasrate was 10 units they would need to contribute another ~10 units to own 50% of the hashrate. What I'm getting at is that, once the reward is purely the transaction fees, which is a 95% drop from today's total total revenue per block, that implies that - all else equal - the hash rate will drop by 95%? That makes it roughly 20x easier for a 51% attack to occur from an outside entity? > Please see the link in my post - it shows 60 TH/s, how is this incorrect? Tell me the correct answer. Mea culpa

Mentions:#TH

A few years ago the entire hash rate was 1000 TH/s Nowadays I can mine that, myself, within 10-25 asic If biance falls true decentralisation will occur for me! The difficulty rate will plummet and smaller miners will profit more. Maybe Bisq will be more popular for miners with renewable energy electric.

Mentions:#TH

The chart only displays 2 halvings, so it's ridiculous to use it as a predictor. Hash rate increased over that period partly due to price surges, partly due to the energy efficiency of ASICs improving with each new generation It's common to blindly believe that prices will double every halving, preventing hash rates from halving. Anybody who believes in price doubling every 4 years to 2141 is deluded Energy efficiency improvements have slowed down. The current 5nm ASIC chips are probably at the limit allowed by the combination of physics and research cost. It's possible that one more generation of chips will be 15% to 20% more efficient. The improvement from 11nm to 7nm was 70% > what incentivises the same level of security (measured in TH/s) when the block reward decreases to 0 Security is not measured in TH/s. Bitcoin is secured by its node network, not the mining hash rate. The node network has never been "incentivised" The reward halvings schedule has been in Bitcoin since it was launched, has never changed. It was always meant to reduce the hash rate as the reward gradually falls off > it shows 60 TH/s It does not. You misread the graph. Perhaps you're unable to distinguish blue from black

Mentions:#TH

Respecfully, I don't think any of your points are compelling. > This assumption is incorrect. The hash rate will fall by 50% every time there is a halving. The cost to mine Bitcoin will fall by 50% every time there is a halving How do you explain [this](https://imgur.com/a/gff5Nef) graph from Glassnode which shows no link between difficulty (cost of mining) and halvings (as shown by the drops in block reward) > The reward is going to decrease. That is designed into the system I know it is, my question is what incentivises the same level of security (measured in TH/s) when the block reward decreases to 0? > This is incorrect Please see the link in my post - it shows 60 TH/s, how is this incorrect? Tell me the correct answer.

Mentions:#TH

it's impossible for someone to have enough mining power to have 51% The highest hash rate is from the Antminer sp19 with 255 TH/s The current btc hashrate is 274million Th/s you would need 537,000 of these miners. at $5k USD a piece it would cost over 3 billion dollars in capital alone, let alone the infrastructure to support it

Mentions:#TH

> Assuming the capital/operational expenditure in 2022 dollar terms remains static forever (i.e. we might get much higher TH/s, but only due to cheaper energy, better asics etc) This assumption is incorrect. The hash rate will fall by 50% every time there is a halving. The cost to mine Bitcoin will fall by 50% every time there is a halving > reach parity with the returns that the bitcoin block reward emission currently/historically provided The reward is going to decrease. That is designed into the system > in 100+ years from now in 2040 That's incorrect too > currently at/near ATHs of 60k TH/s This is incorrect

Mentions:#TH

It looks like this device gets 14 TH/s, uses 1.4 kW, and costs $1150. That means that it's basically just an Antminer S9 with a $1,100 enclosure. (S9s currently sell for around $50 on the used market.) This will make about $0.033/hour in revenue. If you pay $0.10/kWh, you will pay around $0.14/hour for electricity, which means that this will cost you around $0.11/hour to run this. For reference, [1.4 kW is 4780 BTU/hr](https://www.rapidtables.com/convert/power/kW_to_BTU.html). For [about the same price](https://www.amazon.com/COOPER-HUNTER-Ductless-Pre-Charged-Installation/dp/B08628HWN5/ref=sr_1_20?keywords=window%2Bheat%2Bpump%2Bair%2Bconditioner&qid=1668706765&sr=8-20&th=1), you could buy a heat pump with 3.7x as much heating capacity that would also work as an air conditioner. When run at 4780 BTU/hr (1.4 kW of heat), this unit would only consume around 400 W, and would cost around $0.04/hr to run instead of $0.14/hr. tl;dr: You got ripped off.

Mentions:#TH#BTU

This is a step in the right direction. I get point about this being an old s9, and likely never going to profit from running this but if you’re in the market for a space heater that will eventually pay for itself then this is it. You hear your home and help decentralize and increase the security of btc. What id really like to see is a central heating furnace with 100-150 TH with flow able to be diverted towards the house or to the outside controlled by a thermostat, then couple that with an grid tied solar system.

Mentions:#TH

hahahahahahahahahahahahahahahh.....14 TH/sec.....negative profitability and ineffective heating......hahahahahahahahahh. The ideea is not bad though. I'm curious if it will evolve into something worth buying.

Mentions:#TH

But BTC/TH been around for so long

Mentions:#BTC#TH

So how many panels does one need to run a 104TH S19J Pro? Sounds like you have a lot of panels

Mentions:#TH

Ryne Miller General Counsel at FTX US FTX US New York University School of Law United States Contact info ExperienceExperience General CounselGeneral Counsel FTX USFTX US Aug 2021 - Present · 1 yr 4 mosAug 2021 - Present · 1 yr 4 mos USAUSA Sullivan & Cromwell LLP logo Sullivan & Cromwell LLPSullivan & Cromwell LLP 8 yrs8 yrs PartnerPartner Jan 2019 - Aug 2021 · 2 yrs 8 mosJan 2019 - Aug 2021 · 2 yrs 8 mos New York, New YorkNew York, New York Associate AttorneyAssociate Attorney Sep 2013 - Dec 2018 · 5 yrs 4 mosSep 2013 - Dec 2018 · 5 yrs 4 mos New York CityNew York City General Practice: \* Commodities, Futures & Derivatives \* Corp & Finance; Capital Markets \* Financial Services \* FinTechGeneral Practice: \* Commodities, Futures & Derivatives \* Corp & Finance; Capital Markets \* Financial Services \* FinTech…see more U.S. Commodity Futures Trading Commission logo Commodity Futures Trading CommissionCommodity Futures Trading Commission 3 yrs 4 mos3 yrs 4 mos Legal Counsel to Chairman Gary GenslerLegal Counsel to Chairman Gary Gensler May 2012 - Sep 2013 · 1 yr 5 mosMay 2012 - Sep 2013 · 1 yr 5 mos Washington D.C. Metro AreaWashington D.C. Metro Area Other: \* Guest Lecturer - Stanford Law School (Stanford University), Policy & Strategy Issues in Financial Engineering (Apr. 2013) \* Guest Lecturer - NYU School of Law, Financial Instruments and the Capital Markets (Feb. 2013) \* Presentation to American Gas Association Federal Regulatory Committee - Dodd Frank, Trade Options, etc. (June 2013) \* Presentation to Illinois Agricultural Leadership Foundation (IALF), re: Dodd-Frank and Derivatives Reform; at World Bank Headquarters, Washington DC (Summer 2012)Other: \* Guest Lecturer - Stanford Law School (Stanford University), Policy & Strategy Issues in Financial Engineering (Apr. 2013) \* Guest Lecturer - NYU School of Law, Financial Instruments and the Capital Markets (Feb. 2013) \* Presentation to American Gas Association Federal Regulatory Committee - Dodd Frank, Trade Options, etc. (June 2013) \* Presentation to Illinois Agricultural Leadership Foundation (IALF), re: Dodd-Frank and Derivatives Reform; at World Bank Headquarters, Washington DC (Summer 2012)…see more Attorney AdvisorAttorney Advisor Jun 2010 - May 2012 · 2 yrsJun 2010 - May 2012 · 2 yrs Chief Counsel's Office, Division of Market Oversight. Other: \* Commodity Options Presentation - DC Bar Association (Derivatives, Securitization, and Project Finance Committee of the Corporation, Finance and Securities Section) (Apr. 2012) \* Guest Lecturer - Georgetown University Law Center - Energy Trading & Market Regulation II (Jan. 2012)Chief Counsel's Office, Division of Market Oversight. Other: \* Commodity Options Presentation - DC Bar Association (Derivatives, Securitization, and Project Finance Committee of the Corporation, Finance and Securities Section) (Apr. 2012) \* Guest Lecturer - Georgetown University Law Center - Energy Trading & Market Regulation II (Jan. 2012)…see more United States Courts logo Judicial Law ClerkJudicial Law Clerk U.S. District Court for the Eastern District of OklahomaU.S. District Court for the Eastern District of Oklahoma Jun 2009 - Jun 2010 · 1 yr 1 moJun 2009 - Jun 2010 · 1 yr 1 mo Commercial Dispute Resolution (civil case docket). Other Administrative Appeals.Commercial Dispute Resolution (civil case docket). Other Administrative Appeals. NYU School of Law logo Legal Research Assistant & LL.M.Legal Research Assistant & LL.M. NYU School of LawNYU School of Law Aug 2008 - May 2009 · 10 mosAug 2008 - May 2009 · 10 mos Derivatives Law/ Financial Instruments. Capital Markets Regulation (SEC and CFTC). Investment Arbitration.Derivatives Law/ Financial Instruments. Capital Markets Regulation (SEC and CFTC). Investment Arbitration.…see more Show all 8 experiences EducationEducation New York University School of Law logo New York University School of LawNew York University School of Law LL.M.LL.M. 2008 - 20092008 - 2009 NYU Journal of International Law and Politics - Graduate Editor. Research Assistant - Professor Jose Alvarez.NYU Journal of International Law and Politics - Graduate Editor. Research Assistant - Professor Jose Alvarez. University of Oklahoma College of Law logo University of Oklahoma College of LawUniversity of Oklahoma College of Law JDJD 2004 - 20072004 - 2007 JD with honors. Oklahoma Law Review. President, Oklahoma International Law Society. Research Assistant. Study Abroad - Chulalongkorn University Faculty of Law (Bangkok, TH). Bangkok Southerners Rugby Club.JD with honors. Oklahoma Law Review. President, Oklahoma International Law Society. Research Assistant. Study Abroad - Chulalongkorn University Faculty of Law (Bangkok, TH). Bangkok Southerners Rugby Club.…see more Oklahoma State University logo Oklahoma State UniversityOklahoma State University B.S., EconomicsB.S., Economics 2001 - 20042001 - 2004 Honors College Degree, Summa Cum Laude (4.0/4.0). Economic Club of Oklahoma Award (top graduating senior in economics). OSU Men's Rugby Team.

Mentions:#FTX#DC#TH

Ryne Miller General Counsel at FTX US FTX US New York University School of Law United States Contact info 500+ connections Connect Message More ActivityActivity 1,646 followers1,646 followers Ryne Miller commented on a post • 3w3w Congratulations, Jonathan! likecelebratelove 398 98 comments Ryne Miller commented on a post • 1mo1mo 🙌🙌🙌🙌🙌 likecelebratelove 336 79 comments Show all activity ExperienceExperience General CounselGeneral Counsel FTX USFTX US Aug 2021 - Present · 1 yr 4 mosAug 2021 - Present · 1 yr 4 mos USAUSA Sullivan & Cromwell LLP logo Sullivan & Cromwell LLPSullivan & Cromwell LLP 8 yrs8 yrs PartnerPartner Jan 2019 - Aug 2021 · 2 yrs 8 mosJan 2019 - Aug 2021 · 2 yrs 8 mos New York, New YorkNew York, New York Associate AttorneyAssociate Attorney Sep 2013 - Dec 2018 · 5 yrs 4 mosSep 2013 - Dec 2018 · 5 yrs 4 mos New York CityNew York City General Practice: \* Commodities, Futures & Derivatives \* Corp & Finance; Capital Markets \* Financial Services \* FinTechGeneral Practice: \* Commodities, Futures & Derivatives \* Corp & Finance; Capital Markets \* Financial Services \* FinTech…see more U.S. Commodity Futures Trading Commission logo Commodity Futures Trading CommissionCommodity Futures Trading Commission 3 yrs 4 mos3 yrs 4 mos Legal Counsel to Chairman Gary GenslerLegal Counsel to Chairman Gary Gensler May 2012 - Sep 2013 · 1 yr 5 mosMay 2012 - Sep 2013 · 1 yr 5 mos Washington D.C. Metro AreaWashington D.C. Metro Area Other: \* Guest Lecturer - Stanford Law School (Stanford University), Policy & Strategy Issues in Financial Engineering (Apr. 2013) \* Guest Lecturer - NYU School of Law, Financial Instruments and the Capital Markets (Feb. 2013) \* Presentation to American Gas Association Federal Regulatory Committee - Dodd Frank, Trade Options, etc. (June 2013) \* Presentation to Illinois Agricultural Leadership Foundation (IALF), re: Dodd-Frank and Derivatives Reform; at World Bank Headquarters, Washington DC (Summer 2012)Other: \* Guest Lecturer - Stanford Law School (Stanford University), Policy & Strategy Issues in Financial Engineering (Apr. 2013) \* Guest Lecturer - NYU School of Law, Financial Instruments and the Capital Markets (Feb. 2013) \* Presentation to American Gas Association Federal Regulatory Committee - Dodd Frank, Trade Options, etc. (June 2013) \* Presentation to Illinois Agricultural Leadership Foundation (IALF), re: Dodd-Frank and Derivatives Reform; at World Bank Headquarters, Washington DC (Summer 2012)…see more Attorney AdvisorAttorney Advisor Jun 2010 - May 2012 · 2 yrsJun 2010 - May 2012 · 2 yrs Chief Counsel's Office, Division of Market Oversight. Other: \* Commodity Options Presentation - DC Bar Association (Derivatives, Securitization, and Project Finance Committee of the Corporation, Finance and Securities Section) (Apr. 2012) \* Guest Lecturer - Georgetown University Law Center - Energy Trading & Market Regulation II (Jan. 2012)Chief Counsel's Office, Division of Market Oversight. Other: \* Commodity Options Presentation - DC Bar Association (Derivatives, Securitization, and Project Finance Committee of the Corporation, Finance and Securities Section) (Apr. 2012) \* Guest Lecturer - Georgetown University Law Center - Energy Trading & Market Regulation II (Jan. 2012)…see more United States Courts logo Judicial Law ClerkJudicial Law Clerk U.S. District Court for the Eastern District of OklahomaU.S. District Court for the Eastern District of Oklahoma Jun 2009 - Jun 2010 · 1 yr 1 moJun 2009 - Jun 2010 · 1 yr 1 mo Commercial Dispute Resolution (civil case docket). Other Administrative Appeals.Commercial Dispute Resolution (civil case docket). Other Administrative Appeals. NYU School of Law logo Legal Research Assistant & LL.M.Legal Research Assistant & LL.M. NYU School of LawNYU School of Law Aug 2008 - May 2009 · 10 mosAug 2008 - May 2009 · 10 mos Derivatives Law/ Financial Instruments. Capital Markets Regulation (SEC and CFTC). Investment Arbitration.Derivatives Law/ Financial Instruments. Capital Markets Regulation (SEC and CFTC). Investment Arbitration.…see more Show all 8 experiences EducationEducation New York University School of Law logo New York University School of LawNew York University School of Law LL.M.LL.M. 2008 - 20092008 - 2009 NYU Journal of International Law and Politics - Graduate Editor. Research Assistant - Professor Jose Alvarez.NYU Journal of International Law and Politics - Graduate Editor. Research Assistant - Professor Jose Alvarez. University of Oklahoma College of Law logo University of Oklahoma College of LawUniversity of Oklahoma College of Law JDJD 2004 - 20072004 - 2007 JD with honors. Oklahoma Law Review. President, Oklahoma International Law Society. Research Assistant. Study Abroad - Chulalongkorn University Faculty of Law (Bangkok, TH). Bangkok Southerners Rugby Club.JD with honors. Oklahoma Law Review. President, Oklahoma International Law Society. Research Assistant. Study Abroad - Chulalongkorn University Faculty of Law (Bangkok, TH). Bangkok Southerners Rugby Club.…see more Oklahoma State University logo Oklahoma State UniversityOklahoma State University B.S., EconomicsB.S., Economics 2001 - 20042001 - 2004 Honors College Degree, Summa Cum Laude (4.0/4.0). Economic Club of Oklahoma Award (top graduating senior in economics). OSU Men's Rugby Team.

Mentions:#FTX#DC#TH

No I had the password, but truecrypt allowed passwords, key files and others to be combined into one key for unlocking. I had all the pieces but couldn’t find a working version of truecrypt since it had been scrapped. Veracrypt has a truecrypt compatibility checkbox and was able to unlock. I had found an empty armory wallet a couple months back but I know I had a separate bitcoind wallet i used to collect my mining rewards during the early ASIC miner days. I had a 1TH butterfly from the third batch that got released.

Mentions:#TH

Protects Bitcoin? 268.64M TH/s and hundreds of thousands of independent nodes. I get it- you're here to try and dance on the grave of Bitcoin as you're watching the price drop. I could sit here and spoon feed you information that is available by a few minutes of research, but I'm confident that I'll be waisting my time. But I'll leave with a few bullet points.. The only truly decentralized currency without a leader. An issuance and monetary policy that cannot be changed by any individual. An organically grown network that entire nation states have unsuccessfully attempted to ban. The ability for someone to store their entire net worth by remembering 12 words. The ability to transfer that wealth across the planet and have confirmed in less than 10 minutes. The same security that guards nuclear secrets. A recognition that has grown over the last 14 years to be one of the most recognized brands in the entire world.

Mentions:#TH

Others will post great articles but to understand what’s going on and to be able to do your own research I’ll explain how to calculate bitcoin’s energy use yourself. 1. Look up bitcoin’s hashrate 2. Convert the hashrate from Exahash to terahash (multiply by a million) 3. Multiply the hashrate times the publicly available statistic of Joules/TH of the most common miner (joules and watts are roughly 1/1) 4. That’s how many watts bitcoin uses. 5. To skip a step you can not multiply by a million in step 2 and then the result comes out in megawatts instead of watts

Mentions:#TH

The latest Gekko device will earn $2 to $3 per year in a pool. The miner needs to find a pool with the flexibility of allowing the member to choose his own share difficulty. 300GH/sec is a long way below 100TH/sec

Mentions:#TH

https://www.youtube.com/watch?v=TH_JRjJtNSw

Mentions:#TH

The front of this piece was created from dead S9 hashboards and various repurposed smining parts. On the back is an underclocked S9 hashboard (~4TH/~300W) w/ Braiins OS+ firmware mining to Slushpool. The front-facing exhaust fan powers on bringing the work to life while it works to pay for itself. At the end of this month will be 10 years that I've been creating Bitcoin art. Thanks for looking! [web](https://cryptograffiti.com/) | [twitter](https://twitter.com/cryptograffiti) | [instagram](https://instagram.com/cryptograffiti) | [newsletter](https://mailchi.mp/cryptograffiti/cryptograffiti)

Mentions:#TH#OS

I'm bullish on CONE. BITCONE TO A 10TH OF A PENNY!!!

Mentions:#TH
r/BitcoinSee Comment

Avg electrical rates in Colorado is 0.15 KWh , they tuned their ASIC to 800 watts power consumption producing 10.25 TH/s https://btc.com/tools/mining-calculator This means they are losing 2.14 usd a day to heat their home as the mining income is less than the electricity used at that higher rate **unless they have sunk costs in green energy like solar, wind, microhydro** But are they really losing money when they are heating their home as a recycled waste product? You must calculate what it would cost to heat a home with like a propane heater and electric heater. For an electric heater an extremely basic one that uses 1500 watts costs 22 usd , but will consume about ~5.48 usd a day in electrical costs , adjusted for heat output to compare 800 watts of heating from ASIC you have ~2.6 usd a day thus the payback with BTC between the 2 is ~0.46 cents a day A used s9 could go for 100 usd or free with a leftover ASIC, but with this setup they at least spent ~300 usd. Thus the ROI of 300 ASIC setup - 22 usd electric heater = 278 / 0.46 cents a day = at least a 604 usd ROI when comparing the 2 Of course the fun of this project and the fact that you are helping secure bitcoin is invaluable so this in itself makes the whole endeavor worthwhile

Mentions:#TH#BTC#ROI

Eureka is a vast multiplayer strategy game of 19TH-CENTURY COMMERCE and EXPLORATION, played by all players in real-time on a persistent, birds-eye-view map of the continent. [www.eureka.game](https://www.eureka.game) Characters and goods must travel authentically from place to place, whether by wagon train, ferry, horseback, or their own two feet. This can take time, and can pose great risk. But with great risk, comes great reward. r/EurekaGame Explore the unmapped landscape to seek out riches, and establish businesses to help others do the same. Develop together a unified web of commerce, our new shared history of Eureka. I'm building this game with a unique (as far as I've seen) hybrid-NFT system I'm fascinated to hear your thoughts about. Thank you for taking the time to check it out.

Mentions:#TH
r/BitcoinSee Comment

MUU WILL BE HAVING AN AMA WITH THE OFFICIAL BINANCE AT 2PM UTC ON THE 29TH OCTOBER THEIR PLATFORM @MuuInuOfficial HOST: binance.com/en/live

Mentions:#TH
r/BitcoinSee Comment

MUU WILL BE HAVING AN AMA WITH THE OFFICIAL BINANCE AT 2PM UTC ON THE 29TH OCTOBER THEIR PLATFORM @MuuInuOfficial HOST: binance.com/en/live

Mentions:#TH
r/BitcoinSee Comment

MUU WILL BE HAVING AN AMA WITH THE OFFICIAL BINANCE AT 2PM UTC ON THE 29TH OCTOBER THEIR PLATFORM @MuuInuOfficial HOST: binance.com/en/live

Mentions:#TH
r/BitcoinSee Comment

MUU WILL BE HAVING AN AMA WITH THE OFFICIAL BINANCE AT 2PM UTC ON THE 29TH OCTOBER THEIR PLATFORM @MuuInuOfficial HOST: binance.com/en/live

Mentions:#TH
r/BitcoinSee Comment

MUU WILL BE HAVING AN AMA WITH THE OFFICIAL BINANCE AT 2PM UTC ON THE 29TH OCTOBER THEIR PLATFORM @MuuInuOfficial HOST: binance.com/en/live

Mentions:#TH
r/BitcoinSee Comment

MUU WILL BE HAVING AN AMA WITH THE OFFICIAL BINANCE AT 2PM UTC ON THE 29TH OCTOBER THEIR PLATFORM @MuuInuOfficial HOST: binance.com/en/live

Mentions:#TH
r/BitcoinSee Comment

MUU WILL BE HAVING AN AMA WITH THE OFFICIAL BINANCE AT 2PM UTC ON THE 29TH OCTOBER THEIR PLATFORM @MuuInuOfficial HOST: binance.com/en/live

Mentions:#TH

Celsius’ ASICs are S19Pro-110TH mostly. They are “okay” in value, but just the newer generation S19XP came out and is coming online as we speak. With time, the value of Celsius’ ASICs are not on a good outlook to say the least

Mentions:#TH#XP
r/BitcoinSee Comment

If power is free and limitless, sure. But if someone is trying to coordinate an attack, they will certainly be limited by power AND hardware. 25 Joules per TH vs 32 can be a huge difference when margins are thin or power is limited.

Mentions:#TH
r/BitcoinSee Comment

Hayes 2018 Bitcoin Pricing whitepaper is missing a big piece: the cost of the miner. You’d need to take the initial cost of the miner divided by the expected bitcoins mined during the life of the miner. That is, if the miner goes online today and the hash rate doesn’t increase (very conservative), you should only expect today’s BEST miners to earn about 5.25 bitcoins over their lifetime. Using Riot Blockchain as an example, taking the reported assumptions of: 0.025 kWh energy cost, S19pro Watts at 3250 and TH/s at 110, cost of $3400, and 260 EH/s hash rate (and assuming 0% growth). We get Bitcoin minimum cost at $7,388. Which I’d argue is the absolute minimum equilibrium point given this would be one of the most efficient setups possible. If we assume hash rate growth of 1.2% per month (which is the lowest amount over any two year period), we get a minimum Bitcoin price of $10,200. But I still don’t expect it to get that low. I’m buying right now because I projected this out into the future, and the future minimum prices look very very bright!

Mentions:#TH
r/BitcoinSee Comment

> I still feel like I am missing something Yes, this is wrong ... > all of that computing horsepower The purpose of Bitcoin mining is to create a delay between blocks. This delay is a service to the node network, allows nodes to stay synchronized. To calibrate mining to converge on a 10-minute delay, Bitcoin mining has a target hash. Whether there are millions of miners churning 150 sextillion hashes per block, or a handful of miners struggling to hash 4 billion per block in 2009, or a thousand miners hashing 600 petahashes, each running at 1TH/sec as a penny hobby, Bitcoin will always automatically adjust the mining target to produce one block per 10 minutes "All of that computing power" is an unfortunate assumption about the future > once the last coin is mined As with most people who ask this question, you seem to think there's a sudden change. The Bitcoin mining amount per block is reduced gradually, by halving every 210,000 blocks

Mentions:#TH
r/BitcoinSee Comment

> Mining from what I read will get harder Sometimes it gets harder, sometimes easier. The reward amount is 900 BTC per day. If you define 100TH/sec as one miner with one device, and you know the current hash rate is 250EH/sec, then there are 2.5 million miners. Your 1600TH/sec is one part in 156,250 of the global. If you mine in a pool you earn 900 / 156,250 BTC per day (0.00576), about 2 BTC per year. If the global hash rate doubles, the same 900 per day is distributed to twice as many miners. You earn only 1 BTC per year If the global hash rate halves (not impossible), your 1600TH/sec will earn 4 BTC per year Don't spend any money without understanding this - the fixed reward amount means that Bitcoin mining is a folly of diminishing rewards. Every miner who joins the network reduces the amount paid to every miner including himself The hash rate has increased from 150 to 250 in 12 months. Combined with the recent price fall, this means that only one mining device currently returns a profit. See https://www.asicminervalue.com/efficiency/sha-256 This creates a difficult choice for a new miner. The $3000 boxes are unprofitable. The only profitable boxes are $11000, with a minimum order of 100 boxes > ROI in 2.5years I don't think you'll see this claim on any honest site. The only legitimate source for a new mining device is the manufacturer. They don't need to make rash claims about RoI. They're able to sell every device they make > More "stable" income In principle, that's the rationale for pooled mining. In reality, solo mining with 1600TH/sec earns one block per 156,250 (1 in 3 years), which is a lottery level probability. Multiply your hash rate by about 40 to win more than one block per month, and you don't need a pool. In practice, there isn't a choice. Every miner is in a pool

Mentions:#BTC#TH#ROI
r/BitcoinSee Comment

Firstly, even the newish machines (taking an S19 pro at 29 joules/ TH) would have a revenue of approx .00038 BTC ($7 per day @$19k) and a power consumption of 78kwh per day. Break even point per KWh is around 9c per KWh before any capex it maintainance is added in. So stop here if your not getting baseload power for below 9c per KWh. Now let’s consider the capex. An S19 (which the calcs above are done on) will run you approx $5k to buy. Considering a 3 year useful lifecycle this works out at around 5.5c / Kwh (I’ll save you the maths) plus maintenance of around .5c /kwh. Now your effective break even point is 3c/ Kwh. I highly doubt you can purchase a constant 24 hour supply of electricity for under 10-15c KWh. Based on current network hashing rate, the probability of an S19 running solo solving a block is 39 years. I hope this helps

Mentions:#TH#BTC
r/BitcoinSee Comment

Correct. Current network hash rate is around 260,000,000 TH/s, your hash rate will be around 1,600 TH/s. There are approximately 52k blocks mined a year and you have a probability of 6.2e-6 of solving a block solo. You'll have to forgive my mathematics but I believe that means after 3 years there is a 50% probability of solving 1 block. By then the halving would have occurred, yielding a block reward of 3.125 BTC (instead of the current 6.25). Including electricity costs you would make a substantial loss (based on current prices). It all depends on your expectations on the value of BTC in the future. You may be better off just buying BTC and holding it. That's what I would do...

Mentions:#TH#BTC
r/BitcoinSee Comment

At this point in time you need to have significantly low electricity costs if you plan to recover the costs of the miners, assuming you are getting mining machines around $18-20/TH

Mentions:#TH
r/BitcoinSee Comment

If you are solo mining and you solve the block, you will recieve the entire block reward, plus any transaction fees. If you don't solve the block, you get nothing. The 0.XXX per day is likely based on pool mining, or an average based on how likely you are to solve a block (your hash power divided by the total hash power of the network). You might get extremely lucky and solve a block in your first year, more likely you will never do. By all means mine for ideological reasons (improving the security of the network, show support for the technology), but it is not a reliable or profitable income stream by any stretch (at the moment) unless your electricity costs are covered. Worth noting that 10 x 160TH miners would draw 30kW or thereabouts. Make sure you have the wiring to support this. Lots to consider all round, really. Don't invest until you have figured everything out.

Mentions:#TH
r/BitcoinSee Comment

> Mining firms are going bankrupt amidst inflation and energy crisis Isn't this good for Bitcoin? It indicates that Bitcoin mining does not have economies of scale, and the profit margin is too low to support the bloat of a Nasdaq listed corporation What's happening now is an inevitable outcome of poor investment decisions. The November 2020 price surge created wider profit margins because ASIC shortages prevented new miners from joining the network to close up the profit. The wide margin persisted just long enough to fool people into listing several mining startups on Nasdaq. The investment assumption for those listings was that the wide margin would persist. Apparently, there were no advisors who understand that Bitcoin's automatic mining difficulty adjustment motivates new miners to close any increase in profit margins, until the margin shrinks to extremely slim. This happened when the ASIC shortage was resolved. All those miners recently listed on Nasdaq found their numbers diverged outside their financial plans, and are now shutting down > Can the system sustain intense energy price hikes? Always. Bitcoin does not care if there are 2 million miners at 100TH per second each, or 1 thousand miners at 1TH per second each. Bitcoin adjusts automatically, always adding 144 blocks to its blockchain every day

Mentions:#TH
r/BitcoinSee Comment

Those are some big numbers. Assuming these miners are 50-100 TH+... 300-500k miners could be anywhere from 25-50 exahash!... ~10-20% of the network. I would imagine the hardware manufacturers are ramping down... nice how Bitcoin's difficulty adjustment works.

Mentions:#TH

![gif](giphy|TH6IvbKIhFW8BN7ChC)

Mentions:#TH
r/BitcoinSee Comment

Here’s the c/kwh break even point of an S19 (3.2kw/ 110TH/s) today assuming 100% uptime. Revenue per month: $215 (110ths (machine hashing rate) / 260,000,000ths (network hashing rate) x 4,380 (average blocks released per month) x 6.25 (block reward) x Bitcoin Price ($19k) minus 1% pool fee. Energy Consumed: 2,304 kwh (3.2x24x30) BEP: 9.3c/ Kwh ($215/ 2,304 kwh) Scenario 1: you pay all in cost of 7c kwh and make a profit of 2.3c /kwh ($53 per month) Scenario 2: you pay all in cost of 5c kwh and make a profit of 4.3c /kwh ($99 per month) Considering an S19 will run you somewhere in the region of $4k today. Scenario 1 would have a payback period of 75 months and scenario 2 would have a payback period of 40months, and that’s assuming the hashing rate stays were it is now (which it won’t). I hope this provides you with some information to understand a bit more

Mentions:#TH

Nice! [Wattum](https://wattum.io/?utm_source=social&utm_medium=Reddit&utm_campaign=Reddit&utm_id=Reddit) has these units for $36 / TH with hosting availability.

Mentions:#TH

tldr; Data shows the Bitcoin miner revenues have plunged down by around 81% since the October peak. The BTC miners’ hashprice is now just down to $0.077 per TH/s. Bitcoin’s value going down hard during the bear market has naturally meant the hashprice has also taken a big hit. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#BTC#TH#DYOR

A rough hypothetical ... There might be about 1000 miners, using 2-chip devices, each hashing 1TH/sec and burning 22W Each miner wins about 4 blocks per month (4380 blocks shared among 1000 miners), which earns 0.024 BTC At 22W, each miner consumes 16kW-hours of electricity per month A miner is breaking even if the electricity price is 0.0015 BTC per kW-hour If the price of Bitcoin is $10 and electricity is $1 per kW-hour, he's paying $16 per month to earn $0.015 per month

Mentions:#TH#BTC

I don’t think we have a disagreement. Mining is worth doing if the cost of equipment and the cost of electricity are low enough to create a profitable business. Home miners and small scale mining businesses cannot achieve this cost effectiveness as the pricing of machines is too high. Even with 3¢ electricity one needs to acquire miners below $29/TH at todays inputs. Mining is essentially bond math, with a few market estimates. Which brings me to your point of why would billions of dollars flow to Bitcoin mining companies if it weren’t a good investment in the past two years, and the answer is threefold: 1) Mining companies are able to achieve lower cost of miners through bulk purchases. For example, I see quotes for one S19 at $21/TH - $32/Th, whereas a bull purchase of 1,000 miners will get you $17/TH. 2) Large scale miners can command lower electricity rates as well as PPA with benefits for curtailment, further increasing net profits. 3) Over-optimistic mining companies’ estimates about bitcoin price and hashrate growth, and investors willing to believe. This should not be underestimated, as one sells the leveraged position of bitcoin mining investment too easily without due diligence, and we see the repercussions as one leveraged corporate miner after another files for bankruptcy in this bitcoin market doldrums.

Mentions:#TH

I'll give the maths a try and maybe answer A 12-word seed phrase has a possible combination of 340,282,366,920,938,463,463,374,607,431,768,211,456 That's a lot... But around 50 megahashes per second can be achieved with a good GPU That's 50 million per second. And per year... 31,536,000 X 50,000,000. (31M seconds in a year) So I can remove the zeros and I get a 12 seed phrase guess at.. 340,282,366,920,938,463,463,374. And assume there are 40 million wallets. So that's another 6 zeros off, as we only need to hit one. 340,282,366,920,938,463. Years with a GPU. But hash farms in China go up to 360,000 TH That's 360,000,000GH and 360,000,000,000,000MH or times my GPU example. So... 940 Years with a hash farm on full power. And that's the answer, with a the biggest farm it's still 1000 years and you may only get one wallet with nothing in it. And if you keep your coins in a 24 word key then it's never happening. So after basic try of the numbers and assuming you could actually program the miners to brute force for keys and had the largest farm in the world. It's still 1000 years to get just one. BUT....tech gets better... On the flip side you double the tech ability every few years, so after after year one is 499...so it's actually only a decade before it can be done. (Double speed each year halves the wait time. One step forward and half the length to run) Then you move everyone to 24 word keys and have the whole number to do again. And that would take another .... 138 years of continuous double year on year speed improvement. And that's only based on bip39 keys. If you moved to choose anything combination 2^97 it's up again to 323 years. Therefore, it could be possible to brute force a single key in 323 years time IF the rate of tech improvement is double every year. The downside is that you still only get one key every year and that key maybe worthless. So.... It's not just the 2^97 because we need to hack all 40millions accounts... 2^105..and we want to do it in a day .... 2^113 ish... And that's 381 years away. Takeaways 1. Keys are secured 2. Exponential technology increase in power is required for the next near 400 years (!) 3. Big numbers are fun 4. All these are way over simplified 5. https://lbc.cryptoguru.org/about is a website where they already started this.

Mentions:#TH

Nope.. still sucks.. a unlocked 3060 / 114 mh/s at 103 watts is still only doing 12 cents a day. Still massively negative. Which is actually pretty crazy... cause ERGO network hashrate is down to 14 TH/s. That's basically what it was before the merge, so it's somewhat confusing why mining rewards are still this low. GPU's just simply won't be profitable anymore unless you have a solar farm.

Mentions:#TH
r/BitcoinSee Comment

It gave me 53 years for a single 100 TH/s miner. Not sure how it considers future tech or hash growth

Mentions:#TH
r/CryptoCurrencySee Comment

Your last post was another anti bitcoin post here riddled with misinformation to promote nano and I debunked it [here](https://www.reddit.com/r/CryptoCurrency/comments/xbcoc5/comment/inz1oqy/). It looks like it got removed for manipulation. I have no problem debunking this "security budget" FUD as well. Here we go. The problem with this lame, old and tiresome FUD about fee model is they keep one thing constant and change all other variables to spin misleading narratives. Do you realise that in the same time bitcoin went from 69k to 20k, hashrate has actually gone up massively? From 150 TH/s to 280 TH/s. By continuously incentivizing energy efficiency and use of stranded energy, it becomes possible to mine bitcoin regardless of price. This is going to happen on a scale that nobody can even imagine within the next 5 years. Every halving epoch, even as subsidy in bitcoin terms halves, the revenue has actually gone up exponentially. As someone who worked in the energy sector, let me also tell anyone who is not paying attention why hashrate is exploding right now despite price being down. Bitcoin is viable even at a perceived average negative cost of mining because any revenue to cover operational costs is better than curtailment for grids and energy producers. Bitcoin protocol is meticulously designed to adjust seamlessly for eternity as we saw during hashrate exodus from China and this current explosion in hashrate. I'm not saying the discussion of future subsidy is invalid but they're not paying attention to what's already happening from a technical perspective. Few points worth remembering. Taproot already supports on chain batch verification once bech32m is fully adopted, in Bitcoin this always happens organically and proposals to reduce transaction footprint within blocks without increasing actual block size are plenty. This would gradually increase volume and revenue from fees over time which is currently 2-4% of block subsidy. If you look from one halving epoch to next, despite block subsidy going down 50%, revenue only keeps going up exponentially despite fees remaining low. This is thanks to over 90% Segwit adoption. The solution is to constantly optimize for block space efficiency. Cross input signature aggregation will greatly reduce transaction footprint. Channel factories allow multi party lightning channels using multisig scripts without requiring an on chain transaction. Not to mention revenue from native asset protocols like Taro. It's much ado about nothing. So far revenue has only gone up exponentially each halving, this will continue for the foreseeable future and the fee share will gradually increase over time. I'm now paying 3 cents at 1-2 sats/vbyte to move my bitcoin on chain at fee share of 3 to 4%. Also remember that right now people keep thinking about fee model in dollar terms. Over such a very long time horizon we're talking about this may no longer even be relevant. Price, hashrate, blockspace demand, fee market all have a natural mechanism of finding equilibrium forever without any interference. That's the beauty of Bitcoin timechain. Fee market will organically sort itself out as we continue optimizing for block space efficiency. Yes, on chain will be used mainly for things like buying cars, houses, business and government transactions. All day to day transactions will happen on second, third layers. I also think at some point in the future actual block size could be doubled but this should never even be discussed without optimizing use of block space to the fullest extent.

Mentions:#FUD#TH
r/CryptoCurrencySee Comment

It is the distance between the microscopic semiconductor components in a chip, a measure of chip density. In the ASIC context, chip density determines power efficiency. The current generation of Bitmain miners use 5nm ASICS which burn 21.5 Joules per terahash. The previous generation (and Bitmain's competitors) use 7nm chips which burn 29.5 Joules per terahash, 37% more. Before that, the S9 Antminers used 98 Joules per TH There are 3,600,000 Joules in a kilowatt-hour > the significance of 3nm None at all. The announcement is fake

Mentions:#TH
r/CryptoCurrencySee Comment

There are no 3nm miners at bitramo.com There are 5nm devices advertised at bitramo.com. However, bitramo.com (a domain which was first registered in April 2022) claims that each device is capable of mining Bitcoin, Litecoin, Ethereum and Monero. The site claims that its miner can mine Bitcoin at 360 TH/sec using 500 watts of electricity These claims are impossible bitramo.com is a scam

Mentions:#TH
r/BitcoinSee Comment

> Sure 88m TH was "secure enough" last year. But in 10 or 15 years it won't be if it costs far less to produce. Miners upgrade continuously because more efficient miners make more profits and the competition is fierce. Their hash rate can grow even at declining BTC price and reward. Hash rate is an incorrect metric for defining security. Correct metric is the Dollar cost of an attack.

Mentions:#TH#BTC
r/BitcoinSee Comment

All that matters is how much cost does it take to mount a 51% attack on the network. Hash rate alone does not convey security, because cost of hash rate contribution will continue to decrease as tech / processors advance with time. Sure 88m TH was "secure enough" last year. But in 10 or 15 years it won't be if it costs far less to produce.

Mentions:#TH