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Showing 7 of 7 results by T0asti
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Board Bitcoin Discussion
Re: Bitcoin Balances on Exchanges - Sudden rise in the balance of Binance
by
T0asti
on 18/11/2022, 15:32:50 UTC
Thanks for all the replies.

Consolidation or not this is the first time we know for a fact that Binance
is holding at least 570,000 Bitcoin in their wallets. (again up ~3000 from when I shared this post)

This fact alone is crazy imo.

Will be interesting to see how much they will scrape together so we get a better picture of how many
coins the AT-LEAST hold.
Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin Balances on Exchanges - Sudden rise in the balance of Binance
by
T0asti
on 18/11/2022, 12:12:52 UTC
Good day everyone,

since the collapse of FTX we had many discussion about people withdrawing their Bitcoin from exchanges. You can check the balances here https://www.coinglass.com/Balance.
We went from 2.1 million BTC all the way down to 1.9 million BTC.

Until yesterday Binance was one of the biggest looser with over 80k BTC withdrawn over the last 30 days. Coinbase was ranked first, but also with massive loses. Nearly all exchanges lost huge amounts, fitting perfectly in the narrative of people withdrawing their bitcoin.

But suddenly in the last 24 hours Binance added and incredible 92,000 Bitcoin to their exchange an amount never seen before on the exchange (according to coinglass, and if you check the last 12 months). I found very little info about that, and all nearly other exchanges are still getting their balance reduces.

Do we have some info about that or any idea whats going on?


Post
Topic
Board Bitcoin Discussion
Merits 8 from 4 users
Topic OP
Mempool if full, but what does that actually mean?
by
T0asti
on 16/11/2022, 00:27:18 UTC
⭐ Merited by o_e_l_e_o (4) ,vapourminer (2) ,ETFbitcoin (1) ,Darker45 (1)
According to https://mempool.space/docs/faq:

What does it mean for the mempool to be "full"?
When a Bitcoin transaction is made, it is stored in a Bitcoin node's mempool before it is confirmed into a block. When the rate of incoming transactions exceeds the rate transactions are confirmed, the mempool grows in size.
The default maximum size of a Bitcoin node's mempool is 300MB, so when there are 300MB of transactions in the mempool, we say it's "full".


It explains how we got there, but doesn't elaborate on what that means for Bitcoin.

Right now we are at  354 MB / 300 MB, but if that doesn't have any effect why are we even talking about a limit in the first place?
Post
Topic
Board Bitcoin Discussion
Re: How do miners choose which transactions to include in their blocks
by
T0asti
on 29/05/2022, 21:00:25 UTC
1. While a miner hashes, will the nonce be reset on every new transaction added to the block?
The block the miner is attempting to solve is known as the candidate block. If the miner adds new transactions or replaces some transaction in their candidate block, then the Merkle root they calculate will be different and so their block header (the thing they are hashing) will be different. At that point, miners would reset the nonce field to zero.

Also note that the nonce field, being only 4 bytes, can be exhausted in under a second. The miner will then change something else about the block, usually incrementing the extraNonce field in the coinbase transaction, and reset the nonce. This happens constantly while the miner is trying to solve their block.

2. And if blocks are not full, are new transactions added instantly or is there some sort of "waiting time"?
It doesn't make sense for a miner to update their candidate block every single time they learn of a new transaction, as the pool would need to recompute their Merkle tree every time it does and then send the new block data to all their miners, which has an associated cost to it. How often a pool updates their candidate block is up to the pool, but I imagine most pools would be somewhere in the 5-30 second range.

The "nonce" is the random number stored in the coinbase transaction to change the block hash.
This is the extraNonce. The nonce is part of the block header.

Thanks a lot for the answer, exactly what I was looking for.
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Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Topic OP
How do miners choose which transactions to include in their blocks
by
T0asti
on 29/05/2022, 18:28:35 UTC
⭐ Merited by o_e_l_e_o (4)
Greetings,

I got a few questions regarding the way how miners choose transactions.

1. While a miner hashes, will the nonce be reset on every new transaction added to the block?
2. And if blocks are not full, are new transactions added instantly or is there some sort of "waiting time"?

Best regards
Post
Topic
Board Mining
Re: Is solo mining with a decent rig worth it?
by
T0asti
on 27/05/2022, 17:59:49 UTC
I have done the sticks
I have done s9's


I have done the Apollo >>>> I still have the Apollo and it almost has paid itself off.

Since when is your Apollo miner running?
Post
Topic
Board Altcoin Discussion
Re: The Fate of Luna Project
by
T0asti
on 27/05/2022, 09:37:38 UTC
The Luna 2.0 airdrop is near, do you think that Luna can make a comeback and proof us wrong? Or whatever Luna does it won't matter anymore? Because I haven't seen a project that stand on its feet after making such a mistake,  they always go down.
Not familiar with that 2.0 what's the difference of that and how it will make a comeback after the -99% crash? Can you post here the link of the official announcement. I am not sure if they can still make a comeback as many people including me, would literally lose trust on the project how would they encourage previous investors and people who lost all of their investments?

Luna 2.0 is Luna without it's core functionality, it's stable coin system. View it like ETH would release a version 2.0 but without smart contracts.

https://www.euronews.com/next/2022/05/26/terra-luna-2-0-how-backers-of-the-project-want-to-revive-the-failed-cryptocurrency