Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Jul 17, · Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech. Menu Menu. Forums Search. Search titles only. By: Search Advanced search Search titles only One nice thing about Bitcoin is that the difficulty adjusts depending on how many people are mining. If a bunch of people quit mining it. The AnandTech Podcast, Episode Computex Wrapping up Computex with discussions about AMD's Threadripper 2 with 32 cores, Intel's new limited edition Core i7 .
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Prev 1 2 3 Next. Previous Next. Apr 19, 1, 65 Anyone heard talk of making bitcoin less resource intensive? I've seen some say kwh for a single transaction. That could power a house for a month. Would it lead to another hard fork? Last edited: Nov 9, Train Lifer. Jun 22, 13, 21 81 www.
Jul 1, 23, 1, Personally, I think that we'll end up some some government regulated cryptocurrency to replace USD as we know it at some point, which will be super boring to own because it's value will rarely change. Of course, that's what you really want in a currency Jan 30, 2, 47 Train said:. I don't see how that number is possible. Considering a transaction costs an average of 30 cents, and even factoring in the block reward, electricity would have to be near free to make mining profitable.
A quick google search says electricity in China is actually more expensive than in the US. That kwh cost might be for large blocks of transactions? I guess that was worded poorly. I think they are taking total estimated power consumption for the bitcoin network and dividing it by the number of transactions per yr?
Fritzo Lifer. Jan 3, 40, 1, Bought some Etherium and XRP. Hearing "things" on Twitter. You want to make some real money with crypto? Here's how: 1 Sign up for a Coinbase account 2 Watch all the promotional videos for the various shitcoins they're promoting. There is about half a dozen of these videos for different shitcoins now.
Yeah, you'll lose about a dollar in commission by selling each one. But, it's better than holding onto a shitcoin and watching it go to zero over the next year. Trust me on this. Better yet, you're not going to be holding the bag when Coinbase eventually gets hacked and "loses" all of your crypto. It looks Bitcoin may test all time highs much sooner than anyone expected. This is the final phase worth doing any sort of speculation on.
Beyond this there is no more room for explosive speculative growth and different than that investing in gold, stocks, etc. Reactions: VirtualLarry. This is feeling like a repeat of Right now it's around 0. Feb 14, 18, 1, This feels way different to me than The halving may be the death of bitcoin unless the price per bitcoin goes up enough to where it is break even or profitable.
Staples said:. Aug 11, 21, 20, Reactions: brianmanahan. Sep 2, 20, 2, Yeah those scams are pretty bad, looks so real, but basically they found ways to impersonate other accounts, at least I think that's how it works.
KentState Diamond Member. Oct 19, 8, BudAshes Lifer. Jul 20, 12, 1, Reactions: FaaR. BudAshes said:. There is a good solution for this. Just delete Twitter, permanently. The issue is trying to filter out who is legit and who is not I don't really partake into any of it unless it's something simple like just having to retweet or like a tweet.
I don't think you can get hacked by just retweeting something Mar 11, 20, 2, KB Diamond Member. Nov 8, 5, Its amazing what people would believe. Joe Biden wouldn't be handing out money he would be asking for donations to his campaign. KB said:. Joe Biden likely doesn't even know what is a Bitcoin, much less how to paste a wallet address. Also anyone who falls for this crap is insane. Why would Elon Musk want to double your bitcoin?
On the flip side, this is Elon Musk we're talking about. It's not the dumbest thing he's posted on Twitter under his account. The Bill Gates one would have been a bit more specious, though.
Printer Bandit Lifer. Mar 16, 13, 89 Printer Bandit said:. Apr 19, 1, 65 One nice thing about Bitcoin is that the difficulty adjusts depending on how many people are mining. If a bunch of people quit mining it and they should, it's a waste of electricity and the profit just isn't there anymore , it should eventually adjust to the point where at least the big miners with cheap electricity and cooling will break even.
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