1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[GoFlipAPack]

yuck…I’m not gonna blame the alcohol either for how dumb they are

 

[mannyrs13]

I'm tempted to double up my drip stack from 40 to 80. That 1% daily interest got me more intrigued and a dip below 30 looks like a good entry. I converted my USDC to about 4 bnb. Got like 4.3 now but would leave .3 for gas fees. That would give me 48 drip compared to the 40 I currently have. Even with the 5% hydrate tax which should make it .95%, still higher than the 6.2% drop on 7 days, math is 6.65% interest. Not too big a difference but every day is a different percentage. Also depends on time of compound too I imagine. I just compounded .25 earlier tho with more I should be getting at least .75 a day or more. With current holdings I should be projected to make $100 a day on 12/24 so not a bad Christmas present. But with adding, that would be on 10/02 so a bit better. Granted that price remains stable around this level. With new amount I would hit 100k in a little over a year, maybe a bit longer depending on compounding schedule cuz I'm sure I'll miss some days, especially if I travel somewhere and don't take my laptop. But still not a bad mark to reach, just gotta try and hit it sooner.

 

[Sbp]

Was just messing with this calculator

Compound Interest Calculator

And messing with numbers for drip. How I could become a millionaire in a year if I threw in like 30k and compounded daily and other crazy shyt. Got me so motivated that I took out some liquidity in random ftm pools mainly oxdao that weren't doing shyt and sending some money over to bnb. Not 30k worth but something at least. Gonna hold it in stable for a bit to see if there's a dip below 30 before getting in. But it'll do better than the pennies of rewards that it was getting elsewhere.

Yeah I'm putting something on the side to start another account. I might DCA in.

 

[Lv99 Slacker]

I 100 percent expect doge implementation of some kind at some point

And lightning as a bitcoin payment option for a premium subscription service and as a way to tip other Twitter users. Btw, Jack Dorsey and Elon's business dealings go beyond Twitter:

CNBC: Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas | April 8, 2022

Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla.

Tesla’s 3.8 megawatt solar PV array and 12 megawatt-hour Megapack will power the facility.

Blockstream co-founder and CEO Adam Back, a British cryptographer and a member of the “cypherpunk” crew, told CNBC on the sidelines of the Bitcoin 2022 conference in Miami that the mining facility is designed to be a proof of concept for 100% renewable energy bitcoin mining at scale.

“People like to debate about the different factors to do with bitcoin mining. We figured, let’s just prove it. Have an open dashboard so people can play along, maybe it can inform other players to participate,” Back said.

The dashboard will be publicly accessible and show real-time metrics of the project’s performance, including power output and total bitcoin mined. The company said a later version of the dashboard will also include solar and storage performance data points.

“This is a step to proving our thesis that bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future,” Back said.

West Texas is a mecca of renewable energy in the United States.

“You get this perfect overlap with both sun quality and wind speed in West Texas,” said Shaun Connell, executive vice president of power at Houston-based tech company Lancium.

But a lot of that wind and solar power is concentrated in remote parts of the state. With no financial incentive, there’s little reason to build out renewable infrastructure to harness this energy.

Enter bitcoin miners. When these energy buyers co-locate with renewables, it creates a financial incentive for buildout and improves the core economics of renewable power production, which has been fraught with volatility.

Miners provide demand to these semi-stranded assets and make renewables in Texas economically viable, according to Castle Island Venture’s Nic Carter.

The constraint is that West Texas has roughly 34 gigawatts of power, five gigawatts of demand, and only 12 gigawatts of transmission. You can think of bitcoin miners as temporary buyers who keep the energy assets operational until the grid is able to fully absorb them.

Back said the off-grid mine, expected to be completed later this year, highlights another key tenet of the bitcoin network: Miners are location agnostic and can “do it from anywhere without local infrastructure.”

Should the project prove profitable in its pilot stage, Back said, the companies would add wind power to the mix and scale the entire project.

“You’re making a sort of calculation of the optimal economic mix between solar and battery,” Back said. “There’s 3.8 megawatts of solar and one megawatt of mining, so you can see you have to overprovision, because the peak solar input varies during the day and, of course, it’s not there at night.”

Adding wind to the mix, however, would reduce overall costs and help to balance out the downtime with solar.

Ultimately, Blockstream said, a key goal is to strengthen the bitcoin network by diversifying the cryptocurrency’s energy sources.

 

[ORDER_66]

Brought more omi coins last night, shyt is solid on value

 

[GoFlipAPack]

This shyt is aggravating

 

[ORDER_66]

This shyt is aggravating

??? what

 

[Lv99 Slacker]

CNBC: Fort Worth is the first city in the U.S. to mine bitcoin, and will run mining rigs out of city hall | April 26, 2022

Fort Worth, Texas, is now the first city government in the United States to mine bitcoin — and in an almost poetic devotion to the initiative, Mayor Mattie Parker oversaw the construction of a small mining farm in City Hall.

Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a week, in the climate-controlled information technology wing of Fort Worth City Hall. The city says the miners will be hosted on a private network to minimize the security risk.

Bitcoin operates on a proof-of-work mining model, meaning that miners around the world run high-powered computers to simultaneously create new bitcoin and to validate transactions. The process requires professional-grade equipment, some technical know-how, and a lot of electricity. That’s why Fort Worth’s pilot project is starting small, according to the mayor.

Each of the program’s three machines will consume the same amount of energy as a household vacuum cleaner, according to city estimates. While the mayor doesn’t expect the three miners to be major money makers, the cost of electricity needed for the program is expected to be offset by the value of bitcoin mined.

Beyond adding bitcoin to the city’s balance sheet, Parker — who took office last year and is the city’s first-ever millennial mayor — believes that leaning into bitcoin will go a long way toward putting Fort Worth on the map.

“For Fort Worth, a lot of people don’t know who we are,” Parker told CNBC.

“We want to change that conversation, and we believe that tech innovation including cryptocurrency is the way we’re going to do that.”

Building a three-rig mine, even in a crypto-friendly jurisdiction like Texas, requires clearing bureaucratic red tape.

“This is something brand new for any city,” said Parker. “There’s a lot of policy here that we’ve had to jump through hoops to understand.”

To make it happen, the city has teamed up with a few key partners, including the Texas Blockchain Council, which donated the three mining rigs (each valued at roughly $600 apiece), and Luxor Technologies, a mining pool, which lets a single miner combine its hashing power with thousands of other miners all over the world to increase their chances of earning bitcoin.

Parker, who has been in the job almost a year, got the idea to break into bitcoin after talking with a few friends in the venture capital world, who told her that 80% of venture capital is essentially spent on tech, and cryptocurrency is at the center of that right now.

After six months, Fort Worth will re-assess and decide whether to sink real cash into building out a mine.

Alex Brammer, VP of business development for Luxor, says Fort Worth’s move will bolster the legitimacy of bitcoin as a strategic asset.

“Mayor Parker is setting an example and effectively de-risking both bitcoin mining and bitcoin treasury strategies for every other mayor in the country, and I wouldn’t be surprised to see more announcements like this coming in the future,” said Brammer.

Brammer also cited the possibility that governments could use bitcoin mining to help stabilize electrical grids in the transition to clean power.

“In the future, it is likely that bitcoin mines will sit alongside industrial-scale battery storage to provide grid-firming services that prevent blackouts and other interruptions to the grid caused by the addition of intermittent wind and solar generation. In this context, it would make sense for cities to start to fund and build large-scale mining infrastructure themselves.”

Texas Blockchain Council President Lee Bratcher, who works with bitcoin miners across the state, is also optimistic on Fort Worth’s prospects.

“Fort Worth has the geographic proximity to miners and a supportive city leadership that make it a front runner to be the bitcoin mining capital of Texas and therefore the U.S.,” said Bratcher.

 

[mannyrs13]

Hopefully the image works. If not,

TradingView Chart

Looking at the chart and using this pitchfork tool and ETH needs to make a move soon enough cuz the chance of it being the same price a year from now is definitely possible.

 

[Tres Leches]

bear market makes you rich





but when

 

[mannyrs13]

bear market makes you rich





but when

People talking about loading up during the bear market and I'm over here considering getting rid of shyt.

 

[(ALi)]

At this point I just wish BTC just goes down so we can have another legit chance of being rich.

 

[mannyrs13]

At this point I just wish BTC just goes down so we can have another legit chance of being rich.

I just wanna DCA up to 1. Half of me hopes it dips so I can get more for cheaper, then the other half of me hopes it doesn't cuz unfortunately the rest of the market relies on BTC and I need those coins to go back up and keep supporting me.

 

[mannyrs13]

Might be a slow rest of the quarter. Its stuck between this channel. Touched the top at A, then stabilized along the bottom green line before trying to hit the median at B and dropped after. Now its near the bottom and could either touch the bottom yellow line and bounce or worse case is it breaks below it. Tho if it bounces would it pass the red line or drop back down again. First I want to see it get past the green line. But if it bounces back down off the green or even the red line, who knows if the bottom line would hold. The trend looks to be going up but at a slow angle. Good time to accumulate but lots of risk at this level of the channel.

 

[Youhadasparkwhenustarted]

One of the clear signs of a crypto bear market to me is when scams go up, and uh yeah they are up in abundance.