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Showing 7 of 7 results by altefritzbitz
Strong Hands buy - ok, but it always depends on how much money you have. In Africa, there are maybe many strong hands, but they do not have so much money as people in Europe. And when I look at countries and their inflation, I think there are many who don't see their value in Bitcoin, because BTC has droped very strongly this year. I'm sure we all know better, but many people don't own Bitcoins. Is it less than 3% of all the people in the world?
The drop is always relative and depends on the moment you enter the space. Imagine you've never heard about bitcoin and join the forums in April or May this year to learn about bitcoin. You wouldn't care much about the drop, on the contrary, it would be a nice opportunity for a newcomer who comes in with some fiat to buy at 20k and next month the price is already at 22 or 23k. You'd be ecstatic, while people who came in last year might feel exhausted after months of downtrend.
Sadly this is the inverse of the typical Bitcoin entry story. If you're new, all you see is price, you don't understand the tech and its potential. Almost everyone who enters the space, comes in at exactly the wrong time. Generating interest in no-coiners after they've been reading "Bitcoin 70% crash" in all mainstream papers (remember they probably still trust mainstream news reporting) is literally impossible. It takes about a year of solid reading and listening to understand Bitcoin enough to be able to HODL during a crash like this.
Everyone pays their tuition in Bitcoin, it's a rite of passage. We all lost a heap when we first entered the space but we stay, learn and build. The next wave of newcomers won't arrive until it's too late and they'll all lose money; that's just the way it'll be for many more cycles.
Hello
I have a mining farm in Bulgaria. Even if i don't advise you to start a business right now (IMO winter is going to be hardcore for kWh price) you can DM me if you want to have a chat on Whatsapp or any other way,
I wish you a nice day
I have a mining farm in Bulgaria. Even if i don't advise you to start a business right now (IMO winter is going to be hardcore for kWh price) you can DM me if you want to have a chat on Whatsapp or any other way,
I wish you a nice day
Hi mate
How long have you been mining in Bulgaria? And how has it been going? I'm looking to set up a farm and was considering Montenegro or Georgia.
Fritz
the internet is just the means of transferring data, it is totally incidental. if the internet is one day replaced by a better mode of data transfer, bitcoin transaction data will be sent on that instead. figuring out solutions to internet shutdowns only makes the network more robust.
In my honest opinion, the whole point of Bitcoin is to be a decentralized payment network on Internet.
You making it "without internet" completely ruin the fundamentals of the project itself.
Maybe make your own cryptocurrency which works on satellite?
You making it "without internet" completely ruin the fundamentals of the project itself.
Maybe make your own cryptocurrency which works on satellite?
It's an interesting problem, let me throw my two sats here for some practical addressing to these problems (that means no IPoAC or Skylink, sorry guys 
)
In the case of radio, you could just convert the transaction bytes to morse and broadcast an (english or other languge) START TRANSACTION and END TRANSACTION codes, but its possible for some of the waves to get lost or distorted - it is basically an old-fasioned form of UDP.
So there would have to be checksums around the morse code to prevvent any of the bytes from being lost or corrupted. Not like a few bytes at the end, but redundant data carried around other packets, probably XOR'd together. Or like how QR codes do it.
SMS doesn't have this problem obviously, but it would have to be sent from a specific sender for it to be trusted.
Otherwise, any random bloke can submit a garbled or fake transaction.
Being a structure of bytes also, blocks can be transmitted in much the same way as transactions, only much larger.
)In the case of radio, you could just convert the transaction bytes to morse and broadcast an (english or other languge) START TRANSACTION and END TRANSACTION codes, but its possible for some of the waves to get lost or distorted - it is basically an old-fasioned form of UDP.
So there would have to be checksums around the morse code to prevvent any of the bytes from being lost or corrupted. Not like a few bytes at the end, but redundant data carried around other packets, probably XOR'd together. Or like how QR codes do it.
SMS doesn't have this problem obviously, but it would have to be sent from a specific sender for it to be trusted.
Otherwise, any random bloke can submit a garbled or fake transaction.
Being a structure of bytes also, blocks can be transmitted in much the same way as transactions, only much larger.
why would the sender have to be trusted? it's only a transaction. you could send the signed transaction data via text to anyone in the world who has an internet connection, all they would then have to do is broadcast from a node. there would be an incentive for people to set up anonymous nodes specifically for this purpose. you would just have to set up a node and provide a few mobile phone numbers for receiving transactions. you could also set up a virtual office to receive transaction data physically but that would be insane.
self-sufficient mining solutions: solar, biomass, diesel
are there any miners out there who generate their own electricity with:
1. solar power
2. biomass generators
3. diesel generators
if you have any experience with these forms of electricity generation for home mining, or any not on the list, please share your experiences with the forum
thanks
1. solar power
2. biomass generators
3. diesel generators
if you have any experience with these forms of electricity generation for home mining, or any not on the list, please share your experiences with the forum
thanks
Hello
I'm from the UK and was actually planning to move to Spain and mine Bitcoin. Have you considered installing solar panels and mining from your own electricity? I do plan to visit Georgia and see a few miners out there before I start building, I know someone who mines with immersion tanks which is something I would need to do in a hot country like Spain. Good luck!
Fritz
I'm from the UK and was actually planning to move to Spain and mine Bitcoin. Have you considered installing solar panels and mining from your own electricity? I do plan to visit Georgia and see a few miners out there before I start building, I know someone who mines with immersion tanks which is something I would need to do in a hot country like Spain. Good luck!
Fritz