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On the sense of mining it, I think that it's good during its early days. I don't understand the protocol of it but if someone knew, correct me if I am wrong but every time that someone mines it, the rewards are becoming lesser. I have considered to hold it but we're on the bull run, maybe not for now.
Kaspa has a deflationary POW just like Bitcoin and its 4 years halving. Although instead of every 4 years, Kaspa's halving happens every 1 month with 5% decrease from the previous month.
Not only that it will proccess 10 blocks/s with 0.000025 in fees, I personally moved 30k from 1 wallet to another and costed me less than a penny in fees and did it in less then a 1/s for it to be confirmed.
it's really crazy to me how this all works, they are working on 100 blocks/s and they recently announced that in about 5 months they will bring smart contracts which will be like an Ethereum with EXTREMELY low fees processing 100 blocks every second with little to no fees.
Also the man who is behind it is known as,Yonatan Sompolinsky, his vision on this project is based on the Nakamoto Consensus and he is credited for his work in Bitcoin, ethereum and i believe he has been involved in other currencies although i quite forgot.
heres a random transaction from the block explorer of kaspa with little to no fees : https://explorer.kaspa.org/txs/990650b054aefcf3b280e18468ea4517724d9cb31dba782a426d77be33dc3d30
heres the live view of their blocks just spawning like crazy, currently its at 1bps but we are currently in testnet for 10bps : https://kgi.kaspad.net
Kaspa has a deflationary POW just like Bitcoin and its 4 years halving. Although instead of every 4 years, Kaspa's halving happens every 1 month with 5% decrease from the previous month.
Not only that it will proccess 10 blocks/s with 0.000025 in fees, I personally moved 30k from 1 wallet to another and costed me less than a penny in fees and did it in less then a 1/s for it to be confirmed.
it's really crazy to me how this all works, they are working on 100 blocks/s and they recently announced that in about 5 months they will bring smart contracts which will be like an Ethereum with EXTREMELY low fees processing 100 blocks every second with little to no fees.
Also the man who is behind it is known as,Yonatan Sompolinsky, his vision on this project is based on the Nakamoto Consensus and he is credited for his work in Bitcoin, ethereum and i believe he has been involved in other currencies although i quite forgot.
heres a random transaction from the block explorer of kaspa with little to no fees : https://explorer.kaspa.org/txs/990650b054aefcf3b280e18468ea4517724d9cb31dba782a426d77be33dc3d30
heres the live view of their blocks just spawning like crazy, currently its at 1bps but we are currently in testnet for 10bps : https://kgi.kaspad.net
Not only that it will proccess 10 blocks/s with 0.000025 in fees, I personally moved 30k from 1 wallet to another and costed me less than a penny in fees and did it in less then a 1/s for it to be confirmed.
it's really crazy to me how this all works, they are working on 100 blocks/s and they recently announced that in about 5 months they will bring smart contracts which will be like an Ethereum with EXTREMELY low fees processing 100 blocks every second with little to no fees.
Also the man who is behind it is known as,Yonatan Sompolinsky, his vision on this project is based on the Nakamoto Consensus and he is credited for his work in Bitcoin, ethereum and i believe he has been involved in other currencies although i quite forgot.
heres a random transaction from the block explorer of kaspa with little to no fees : https://explorer.kaspa.org/txs/990650b054aefcf3b280e18468ea4517724d9cb31dba782a426d77be33dc3d30
heres the live view of their blocks just spawning like crazy, currently its at 1bps but we are currently in testnet for 10bps : https://kgi.kaspad.net
Alright boys, what do we think about kaspa?
Been in Bitcoin for the last 7 years, found Kaspa a year ago and the tech is pretty incredible. I find it to be really close to what the Nakamoto Consensus wanted to be. Change my mind?
I'm honestly curious to hear what do you guys think about it?
I heard the bitcoin community didn't really accept it although this could be false so im giving it a shot!
Let me know, whether good or bad view on it i really wanna know why
Been in Bitcoin for the last 7 years, found Kaspa a year ago and the tech is pretty incredible. I find it to be really close to what the Nakamoto Consensus wanted to be. Change my mind?
I'm honestly curious to hear what do you guys think about it?
I heard the bitcoin community didn't really accept it although this could be false so im giving it a shot!
Let me know, whether good or bad view on it i really wanna know why
Sooooooo im thinking of buying myself a good ASIC miner or any Bitcoin miners at around 3-5k USD and ive been searching for a while now but my i just had a recent thought of the prices. Im aware of the halving coming in the next 100 days or so. But generally speaking since the Block Reward will be cut in half to 3.125 BTC, wouldn't it affect the price of the Bitcoin miners in general?
Im speculating either that, the price will go higher since China was making a slow comeback into the mining scene impacting the price and that the community of Bitcoin will most likely attract a lot of interest in the mining scene as the value and the ear to ear talks of Bitcoin spreads around more and more around geeks and people.
But im also wondering wouldn't the price drop and it would be a good time to buy those miners then? Since the Block reward isn't the same it would require people to get better miners to mine the same amount they use to before? Or just the fact that in general every halving we tend to have new miners made for to stay efficient as the miner diffuclty keeps rising up?
Let me know what you guys think i sincerely am looking forward to buy myself a miner just don't know when is the time!
Im speculating either that, the price will go higher since China was making a slow comeback into the mining scene impacting the price and that the community of Bitcoin will most likely attract a lot of interest in the mining scene as the value and the ear to ear talks of Bitcoin spreads around more and more around geeks and people.
But im also wondering wouldn't the price drop and it would be a good time to buy those miners then? Since the Block reward isn't the same it would require people to get better miners to mine the same amount they use to before? Or just the fact that in general every halving we tend to have new miners made for to stay efficient as the miner diffuclty keeps rising up?
Let me know what you guys think i sincerely am looking forward to buy myself a miner just don't know when is the time!
The sparrow wallet is really good i looked into it and im still trying to connect it back to my node. Although you have specified the use of external signers directly with Bitcoin Core which actually is more of what i was looking for so ill have to see what's up with that. I think that if i manage to set up it up ill just use the bitcoin core as a cold wallet since its encrypted and anybody that would want to do any transaction would need the Trezor, right?
I do really like the sparrow wallet though so if the external signer works on my bitcoin core ill keep some holding in there and some holdings inside of my sparrow wallets that is connected back to my node.
Im not trying to keep all of my coins in one wallet if that makes any sense and i dont have any trouble making new wallets its just i wanted to make sure all wallets had a Hardwallet and that i owned my nodes.
Anyways sorry to confuse you in any sort lol
I do really like the sparrow wallet though so if the external signer works on my bitcoin core ill keep some holding in there and some holdings inside of my sparrow wallets that is connected back to my node.
Im not trying to keep all of my coins in one wallet if that makes any sense and i dont have any trouble making new wallets its just i wanted to make sure all wallets had a Hardwallet and that i owned my nodes.
Anyways sorry to confuse you in any sort lol
⭐ Merited by satscraper (1)
oh thank you that seems like a really good option ill definitely try that
Got my bitcoin core on my computer with some bitcoin inside, file is encrypted and i also have Trezor wallets with some bitcoin inside of it also.
Im wondering is there anyway i can connect my trezor to my node with my private keys stored in my trezor?
Ive got down the rabbit hole with this and found out its electrum i had to download.
So i did and connected my trezor wallet to my electrum wallet for whenever i log in.
But isn't it too much complicated for nothing?
Can't i connect my hard wallet directly to my Bitcoin core and thats it? Im trying to have some Bitcoins on me whenever i leave the house or the city so i carry a Hard wallet. But whenever im at home ill just use my wallet on the Core directly to the node just like the old days. I think its weird that electrum lets you connect the hard wallet to login but when its the bitcoin core is just the seed. There isn't anything on the program that lets me connect my hard wallet to give it more of a secure feature. Any help on how i can connect a trezor wallet to my node and to have a Hard wallet to be added as a security feature on Bitcoin core?
Im wondering is there anyway i can connect my trezor to my node with my private keys stored in my trezor?
Ive got down the rabbit hole with this and found out its electrum i had to download.
So i did and connected my trezor wallet to my electrum wallet for whenever i log in.
But isn't it too much complicated for nothing?
Can't i connect my hard wallet directly to my Bitcoin core and thats it? Im trying to have some Bitcoins on me whenever i leave the house or the city so i carry a Hard wallet. But whenever im at home ill just use my wallet on the Core directly to the node just like the old days. I think its weird that electrum lets you connect the hard wallet to login but when its the bitcoin core is just the seed. There isn't anything on the program that lets me connect my hard wallet to give it more of a secure feature. Any help on how i can connect a trezor wallet to my node and to have a Hard wallet to be added as a security feature on Bitcoin core?