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| 04:51 PM | ||
| Users Online Now: 2,312 (Who's On?) | Visitors Today: 1,436,681 | |
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| 04:51 PM | ||
Bitcoin "Warfare" Collapses Kazakhstan | |
| PirateMonkey
Offer Upgrade  User ID: 80073232  United States01/05/2022 10:20 PM Report Abusive Post Report Copyright Violation | The Fandango Ranger's Super Computer just finished running quantum analysis on deep background data concerning the Great Crypto War of 2022. https://imgur.com/SweVvzaIn 2021 China accounted for 50% of all bitcoin mining (50% of all energy used in bitcoin mining) USA came up #2, and Kazakhstan #3. End of 2021 China cracked down on bitcoin mining, and everyone else involved in bitcoin mining took up the slack and the resulting increase in electric usage. Kazakhstan subsidizes its energy, meaning it's cheaper than should be. However the Kazakhstan gov recently said they can't subsidize energy anymore due to the increase in usage. [link to news.bitcoin.com (secure)] Bitcoin miners are fleeing Kazakhstan to the USA. The USA is now the largest miner of bitcoin by a large margin. Ordinary Kazakhstan citizens are now revolting as they have relied on energy subsidies, especially during the winter. Will the US or Russia be next?  Last Edited by PirateMonkey on 01/05/2022 10:23 PM 7/11 was a part time job! Psalm 35:19 Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause. |
| Anonymous Coward User ID: 80030145  Spain01/05/2022 10:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78131002 United States01/05/2022 10:21 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 75953087 United States01/05/2022 10:24 PM Report Abusive Post Report Copyright Violation | The amount of energy that bitcoin uses per transaction is absurd! Just one bitcoin transaction going through the miner farms uses 2200 kWh of electricity which is enough to power an average house for over 75 days. [link to digiconomist.net (secure)] |
| Anonymous Coward User ID: 77818094  Netherlands01/05/2022 10:25 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78914227 01/05/2022 10:26 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80549124  Canada01/05/2022 10:27 PM Report Abusive Post Report Copyright Violation | |
| PirateMonkey
(OP) User ID: 80073232 United States01/05/2022 10:28 PM Report Abusive Post Report Copyright Violation | The amount of energy that bitcoin uses per transaction is absurd! Quoting: Anonymous Coward 75953087 Just one bitcoin transaction going through the miner farms uses 2200 kWh of electricity which is enough to power an average house for over 75 days. [link to digiconomist.net (secure)] One bitcoin is worth over $43,200 as of this post. So according to your figure of 2200 kWh, it costs about $.05 per kWh to farm that BTC. Which is still cheaper than most residential and commercial customers pay for power throughout the world. But it won't be that way for much longer. 7/11 was a part time job! Psalm 35:19 Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause. |
| PirateMonkey
(OP) User ID: 80073232 United States01/05/2022 10:29 PM Report Abusive Post Report Copyright Violation | Doesn’t that graph pretty much prove it’s a psyop from China? Lol Quoting: Anonymous Coward 78914227 You think they ran 80% and pretty much started it and now are stopping just because lol Really? Why mine when you can just mint more unaudited Tether? 7/11 was a part time job! Psalm 35:19 Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause. |
| Anonymous Coward User ID: 80065899  United Kingdom01/05/2022 10:30 PM Report Abusive Post Report Copyright Violation | |
| pish
Turtle Hermit User ID: 80956893 United States01/05/2022 10:31 PM  Report Abusive Post Report Copyright Violation | The whole world will soon be under a lockdown of energy...electricity, internet, power, etc... Crypto is a weapon, and it’s spreading exponentially atm...only outcome is not enough power to run day to day systems. People will starve and kill each other, in the acquisition of digital currency... Think on that. Always remember these words: Work hard, study well, and eat and sleep plenty! That is the Turtle Hermit way! We must master the art of peace in addition to the art of war! |
| LibertyCent
User ID: 72418165 United States01/05/2022 10:32 PM Report Abusive Post Report Copyright Violation | Where is all this energy going? So much power consumed could convert waste plant matter into gasoline! "Man, whose tool of survival is the mind, does not merely fail to teach a child to think, but devotes the child’s education to the purpose of destroying his brain, of convincing him that thought is futile and evil, before he has started to think." |
| Anonymous Coward User ID: 78914227 01/05/2022 10:36 PM Report Abusive Post Report Copyright Violation | Doesn’t that graph pretty much prove it’s a psyop from China? Lol Quoting: Anonymous Coward 78914227 You think they ran 80% and pretty much started it and now are stopping just because lol Really? You think Bitcoin first was mined in 2019? You’re a friggin jerk dude. So go back further… who was mining it… I’ll just tell you now I’m a blockchain dev. Lol |
| Vafþrúðnir
User ID: 81704688 United States01/05/2022 10:41 PM  Report Abusive Post Report Copyright Violation | Doesn’t that graph pretty much prove it’s a psyop from China? Lol Quoting: Anonymous Coward 78914227 You think they ran 80% and pretty much started it and now are stopping just because lol Really? You think Bitcoin first was mined in 2019? You’re a friggin jerk dude. So go back further… who was mining it… I’ll just tell you now I’m a blockchain dev. Lol Who is 'Satoshi Nakamoto'? Last Edited by Vafþrúðnir on 01/05/2022 10:44 PM |
| LibertyCent
User ID: 72531546 United States01/05/2022 10:46 PM Report Abusive Post Report Copyright Violation | Where is all this energy going? So much power consumed could convert waste plant matter into gasoline! Quoting: LibertyCent [link to www.energy.gov (secure)] All this energy dumped into infinitely repeating math problems proving who paid who instead of creating useful resources like fuel or food. Gasification converts garbage into gas, which is a resource that you can pay with...anonymously...where is everyone going with these overpriced electrons? How cool would it be to stop running up the bitcoin energy bill while still having the government and information owned by the people? Well have you seen hyperledger yet? "Man, whose tool of survival is the mind, does not merely fail to teach a child to think, but devotes the child’s education to the purpose of destroying his brain, of convincing him that thought is futile and evil, before he has started to think." |
| Anonymous Cow User ID: 80992014 United States01/05/2022 10:52 PM Report Abusive Post Report Copyright Violation | The Fandango Ranger's Super Computer just finished running quantum analysis on deep background data concerning the Great Crypto War of 2022. Quoting: PirateMonkey [imgur] [link to imgur.com (secure)] In 2021 China accounted for 50% of all bitcoin mining (50% of all energy used in bitcoin mining) USA came up #2, and Kazakhstan #3. End of 2021 China cracked down on bitcoin mining, and everyone else involved in bitcoin mining took up the slack and the resulting increase in electric usage. Kazakhstan subsidizes its energy, meaning it's cheaper than should be. However the Kazakhstan gov recently said they can't subsidize energy anymore due to the increase in usage. [link to news.bitcoin.com (secure)] Bitcoin miners are fleeing Kazakhstan to the USA. The USA is now the largest miner of bitcoin by a large margin. Ordinary Kazakhstan citizens are now revolting as they have relied on energy subsidies, especially during the winter. Will the US or Russia be next? :ranger super pc: Most important thread of the day! Fandango Five Stars! |
| Anonymous Coward User ID: 75677636  Australia01/05/2022 10:58 PM Report Abusive Post Report Copyright Violation | Doesn’t that graph pretty much prove it’s a psyop from China? Lol Quoting: Anonymous Coward 78914227 You think they ran 80% and pretty much started it and now are stopping just because lol Really? You think Bitcoin first was mined in 2019? You’re a friggin jerk dude. So go back further… who was mining it… I’ll just tell you now I’m a blockchain dev. Lol Who is 'Satoshi Nakamoto'? Russell Jay Gould? |
| Anonymous Coward User ID: 80679851 United States01/05/2022 11:00 PM Report Abusive Post Report Copyright Violation | Doesn’t that graph pretty much prove it’s a psyop from China? Lol Quoting: Anonymous Coward 78914227 You think they ran 80% and pretty much started it and now are stopping just because lol Really? Why mine when you can just mint more unaudited Tether? And THAT will be the eventual downfall of ALL crypto; its become untethered from reality! |
| Builder is Back
User ID: 79688307 United States01/05/2022 11:04 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78914227 01/05/2022 11:04 PM Report Abusive Post Report Copyright Violation | Doesn’t that graph pretty much prove it’s a psyop from China? Lol Quoting: Anonymous Coward 78914227 You think they ran 80% and pretty much started it and now are stopping just because lol Really? You think Bitcoin first was mined in 2019? You’re a friggin jerk dude. So go back further… who was mining it… I’ll just tell you now I’m a blockchain dev. Lol Who is 'Satoshi Nakamoto'? Idk just because I got into blockchain development early doesn’t mean I know who created it… You want my guess?? China or cia created it and baited Epstein into using it for illegal operations and so they could blackmail them… But whatever… still is far superior tech. |
| Anonymous Coward User ID: 79291654 United States01/05/2022 11:06 PM Report Abusive Post Report Copyright Violation | |
| PirateMonkey
(OP) User ID: 80073232 United States01/05/2022 11:10 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 75953087 United States01/05/2022 11:24 PM Report Abusive Post Report Copyright Violation | The amount of energy that bitcoin uses per transaction is absurd! Quoting: Anonymous Coward 75953087 Just one bitcoin transaction going through the miner farms uses 2200 kWh of electricity which is enough to power an average house for over 75 days. [link to digiconomist.net (secure)] One bitcoin is worth over $43,200 as of this post. So according to your figure of 2200 kWh, it costs about $.05 per kWh to farm that BTC. Which is still cheaper than most residential and commercial customers pay for power throughout the world. But it won't be that way for much longer. No just moving some bitcoin from one wallet to another wallet counts as a transaction. Or any time bitcoin is bought or spend it has to be verified on the blockchain. Each and every single transaction uses that much power. |
| PirateMonkey
(OP) User ID: 80073232 United States01/05/2022 11:28 PM Report Abusive Post Report Copyright Violation | The amount of energy that bitcoin uses per transaction is absurd! Quoting: Anonymous Coward 75953087 Just one bitcoin transaction going through the miner farms uses 2200 kWh of electricity which is enough to power an average house for over 75 days. [link to digiconomist.net (secure)] One bitcoin is worth over $43,200 as of this post. So according to your figure of 2200 kWh, it costs about $.05 per kWh to farm that BTC. Which is still cheaper than most residential and commercial customers pay for power throughout the world. But it won't be that way for much longer. No just moving some bitcoin from one wallet to another wallet counts as a transaction. Or any time bitcoin is bought or spend it has to be verified on the blockchain. Each and every single transaction uses that much power. Several hundred (or more) transactions can occur every time a block is created. A new block must be created for a transaction to occur. 7/11 was a part time job! Psalm 35:19 Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause. |
| Anonymous Coward User ID: 12963829 Australia01/05/2022 11:30 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80817144  Switzerland01/05/2022 11:30 PM Report Abusive Post Report Copyright Violation | |
| PirateMonkey
(OP) User ID: 80073232 United States01/05/2022 11:31 PM Report Abusive Post Report Copyright Violation | If you don’t understand that “energy” is the last frontier, and is the ultimate control mechanism, your behind the times... Quoting: pish The whole world will soon be under a lockdown of energy...electricity, internet, power, etc... Crypto is a weapon, and it’s spreading exponentially atm...only outcome is not enough power to run day to day systems. People will starve and kill each other, in the acquisition of digital currency... Think on that. Spot on Pish!  7/11 was a part time job! Psalm 35:19 Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause. |
| PirateMonkey
(OP) User ID: 80073232 United States01/05/2022 11:33 PM Report Abusive Post Report Copyright Violation | assuming 20 cents per kWh, 2200 costs $440. $440 electricity for one transaction is too much! Quoting: Anonymous Coward 12963829 The actual electrical costs “per transaction” is a fraction of a penny. Miners are paid the bulk of the fees, and the miners pay the utility companies. I’m not trying to educate people on how bitcoin works. There’s countless resources out there for that. This thread is about the escalation of Crypto Warfare, and how we’re seeing a country dismantled as a result before our eyes Last Edited by PirateMonkey on 01/05/2022 11:36 PM 7/11 was a part time job! Psalm 35:19 Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause. |
| Anonymous Coward User ID: 12963829 Australia01/05/2022 11:36 PM Report Abusive Post Report Copyright Violation | assuming 20 cents per kWh, 2200 costs $440. $440 electricity for one transaction is too much! Quoting: Anonymous Coward 12963829 The actual electrical costs “per transaction” is a fraction of a penny. Miners are paid the bulk of the fees, and the miners pay the utility companies. really. where do you buy 2200 kWh of electricity for a fraction of a penny? |
| PirateMonkey
(OP) User ID: 80073232 United States01/05/2022 11:37 PM Report Abusive Post Report Copyright Violation | assuming 20 cents per kWh, 2200 costs $440. $440 electricity for one transaction is too much! Quoting: Anonymous Coward 12963829 The actual electrical costs “per transaction” is a fraction of a penny. Miners are paid the bulk of the fees, and the miners pay the utility companies. really. where do you buy 2200 kWh of electricity for a fraction of a penny?  7/11 was a part time job! Psalm 35:19 Let not them that are mine enemies wrongfully rejoice over me: neither let them wink with the eye that hate me without a cause. |
| Anonymous Coward User ID: 81111366 United States01/05/2022 11:39 PM Report Abusive Post Report Copyright Violation | Doesn’t that graph pretty much prove it’s a psyop from China? Lol Quoting: Anonymous Coward 78914227 You think they ran 80% and pretty much started it and now are stopping just because lol Really? China is Kazaks #1 investor and Kazak is further along authoritarian install than Australia or US. Gas price hike by Kazak Government is the Final straw that broke the dam. Kazaks Demonstrate and Government fires shots, then People fire More, now Russian slips in with "Peace Forces" and hopes in the morning Cyrillic is Kazaks enforced primary language |
