Found some BitHaters in the wild on Microsoft News

submitted by /u/TheLastCact1 [link] [comments]

Is there any hard proof that El Salvador has been buying what it claims to be buying? Can we see it for ourselves? (This is half the point of a decentralized public ledger, or am I wrong?).

submitted by /u/proph3tsix
[link] [comments]

Quiet Bitcoin mining with immersion cooling and use of waste heat

Location: Somewhere in northern Germany I have built a "heater" which digs Bitcoins for me and warms my living room at the same time. Since I spent quite a bit of time on this project and it wasn't clear in the beginning if what I came up with will work, I would like to present the project so you can benefit from my experience. I run 2 hashboards. These have a hashrate of 9.4 TH/s and would generate 0.00000220 BTC / hour according to a mining calculator. With an electrical power of 0.78kW. Let's say we produce 1000kWh of heat with the hashboards. Then we have to run the hashboards 1000kWh / 0,78kW = 1282 hours. This costs us 0.27€/kWh * 1282 h = 346€. We get 1000kWh in heat and 0.00000220 BTC/h * 1282 h = 0.0028204 BTC So at a rate of 50000€/BTC we get 141€ in the form of bitcoin. Compare this with gas heating: 1000kWh gas heat costs 90€ 1000kWh Electric heat costs 346€ and we get 141€ in Bitcoin so 346€-141€ = 200€. The rate of Bitcoin would have to be around 90000€/BTC for it to cost the same as gas heating. ​ Gas price about 0.09€ / kWh Electricity price about 0.27€ / kWh Bitcoin price about 43700€/BTC Green electricity share in the power grid about 45%. ​ Hardware: Antminer S9j (3 hashboards) with power supply. 30 liters tin bucket 20 liters Addinol white oil WX15 Radiator height: 60cm width: 80cm depth: 12cm Fabric hose, pipe fitting etc. Hot water pump Small PC fan Fan Simulator ​ At first I wanted to operate the power supply in the oil (see the picture of the aluminum frame). But since I did not know how the thing runs, I have the power supply first left out. ​ Conclusion: The system has been stable for a few days now. I usually use it in the morning and a couple of hours in the evening, when I am at home. The fan of the power supply I have also throttled a little (5 diodes soldered into the line of the fan) so he is still a little quieter. The volume of the hot water pump is very low. This I operate with an old notebook power supply with 19V. I bought the 24V version, there is also a 12V version. The power supply is the loudest component. The radiator I bought used. Keep in mind that in the radiator may be impurities which are then deposited in the bucket. This was not a big problem, but I recommend to consider this and maybe install a filter in the beginning. In the oil I also operate a small fan that circulates the oil. Thus, the temperature in the bucket is evenly distributed. After about 3 hours, the system is at maximum temperature. The oil temperature is then about 58°C, the chip temperature of the hashboards is max. 86°C and the radiator is about 45°C. The outside temperature is about 0°C at the moment and the Bitcoin heater manages to keep about 21°C in the living room. Next I will build a platform with casters and put the system on it. I plan to run the hashboards in spring with my own photovoltaic modules to reduce the mining costs. It is an interesting project and I have gained some experience. If you found this post helpful and maybe want to donate some satoshi here is my bitcoin address: 1DhNAhyd69PuqodLGCX4hz2EqGugFkqrPy Otherwise, stay healthy and HODL feel free to ask questions Aluminum frame to support the hash boards in the oil Current system with a pizza dough on the radiator ;-) Warmwaterpump from Ebay Fan simulator from Ebay 30L tin bucket from Ebay submitted by /u/Special_Inspector590 [link] [comments]

Market sentiment

Market sentiment has already dropped off substantially in just a few days. Fear and greed is at 18, which we haven’t seen since July. I think it’s reasonable considering the state of the stock market with the fed on the cusp of tapering, Evergrande just continuing to persist, risking contagion in the credit markets and oh yeah let’s just throw in a new variant that’s hyper-transmittable. Should be a fun little twist to the end of the year.. yay. I really do think we could chop sideways for some time or simply just bounce around in a range until the macro economic landscape changes (also I have 0 idea so don’t listen to me)

What I do know is that what Bitcoin does in the short-mid term will depend on the fed’s decision, tone and stance on tapering and how the broader market reacts to this. Everyone should be paying attention to this, yes it’s great to “buy the dip” and not worry about anything. Yes this is a good long term strategy but you should always be aware of major economic events like this. It impacts all of us drastically and by doing this you can make sure you take advantage of pivotal moments to better your financial life.

Consider that the stock market hasn’t seen one correction this year (a drop of 10-20% from highs). Yes the NASDAQ saw a 10% correction earlier this year but not all major markets. This is a statistical certainty it will happen just a matter of when. Don’t be naive and just disregard this because Bitcoin is a risk-on asset so it’ll be one of the first ones to go (in the short term of course)

We’re getting literally like 5x the amount of bad news all at once. Fed tapering earlier than expected, CPI being released next week (which is almost certainly going to be a higher reading than last month, which will just further push the fed to taper, more covid, end of year rebalancing and wash-sale shenanigans, horrible payroll numbers, and then China being China.

I think the sheer speed of Friday’s drop is not to be scoffed at. I mean yes we’ve seen much worse drops but a nearly 20% drop in like 2 hours is not nothing. A 15% drop in 10 minutes is crazy, especially considering the market we’re at now compared to the past. Yes I know it was liquidation cascade and stop loss hunting to clear out the high order book bids. Overall it was necessary, we had far too much leverage and optimism for way too long. Definitely a positive going forward.

That being said I’m loving seeing the sentiment swing from hype to extremely negative. Not on here of course since most of us actually know what we own and have done our own research. I’ve been seeing a ton of, “We’re now in a bear market for the next 3 years”, “I’m selling it all before it’s too late”. The more and more people start to say things like this the more I’ll begin doubling down. Once a large majority is bearish that’s when I want to be balls deep. Remember the past 3-4 months when everyone was guaranteeing that we were going to be at 100k by the end of the year no questions. It never plays out how you think it will. Also we knew for months that the leverage was never flushed out. It was bound to happen. I could still feel myself feeding off the hopium and I know it. When this happens just show some caution. Try to be neutral in the short term. Just keep your head on your shoulders and think rationally. Continue to buy the dip and if you believe in Bitcoin average in with more on these amazing discounts.

Fight the urge to follow the herd.

Be aware of outside factors that can influence Bitcoin

Whatever the crowd is shouting, you should probably do the opposite or at least consider that they have no idea

submitted by /u/New_Box_6794
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Friendly reminder that crashes of this size were perfectly normal during the previous bullrun

submitted by /u/SomeAncap2020 [link] [comments]

NFL must have bought the dip

submitted by /u/ShawnLeary [link] [comments]

Warning for those here who use Monero multisignature wallets

submitted by /u/Rucknium
[link] [comments]

source https://www.reddit.com/r/btc/comments/r9obks/warning_for_those_here_who_use_monero/