Author: Dimitri-H
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In an earlier entry I talked about the choice between an Avalon 3S vs a NerdQaxe++ as starting point for the plebminer. The entire breakdown and elaboration can be found here: Avalon 3S vs NerdQAxe++ Being a staunch supporter of the OSMU community, and having done my fair share in promoting FOSS as well as…
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What should a Bitcoin plebminer buy? The Canaan Avalon 3S? or NerdQaxe++ Rev6.1? For mining purposes: My choice would be the NerdQAxe++ for mining solely. Technical specs for the two choices are quoted in below images.Both have comparable hashoutput and are comparable in price. The deciding factor would be energy consumption.NerdQAxe++ only uses 100W while…
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The node wars rages on. BIP 444 was renamed BIP 110 (but functionality remained) and it is slowly being pushed through in order to halt spam propagation on the network. A new proposition (BIP) has been made by a person called “Claire Ostrom” which is called “The Cat – Non-monetary UTXO Cleanup on Bitcoin”. While…
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This blog post is a direct (and edited) copy of the topic I made on X (formerly twitter). The breakdown What does this proposal do? — — — — As the title of the BIP444 (now BIP 110) mentions = Reduced Data Temporary Softfork. It is a temporary softfork aiming to limit the size of…
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What is a client you ask?It is software which allows access to a network.You can easily compare it to an “internet browser” like Mozilla Firefox, Opera, Brave browser, Google Chrome, Internet Explorer, Tor,… Bitcoin relies on a decentralized and distributed network where various nodes help to upkeep the network. These nodes do so through dedicated…
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In order to get a full understanding as to what is happening with Bitcoin on a fundamental level, and getting a good grasp on the subject at hand, I advise people to read up this following thread from SimpleMining: A quiet change in Bitcoin Core just blew open a years-long battle. It gives a somewhat…
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All depends on the mindset you have and what you want to do. Understand the following: If the idea is to hold and use Bitcoin as currency (its intended use) will mining Bitcoin be the most profitable venture long-term as they are accumulating an appreciating asset/currency.When trading Bitcoin are you always switching between currencies and…
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To start mining Bitcoin at home is fairly easy. The real “difficulty” in mining Bitcoin has to do with making profit.Miners use a lot of electricity and one of the first MAJOR steps before starting to mine is doing a “profitability calculation”.A profitability calculation is where you measure the costs of mining (and the miner)…
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Quantum computing cannot break #Bitcoin because of following reasons: Technical Reasons: – Incompatible Systems: Quantum computers use QUBITs (which represent 0, 1, +1, -1 states), whereas Bitcoin operates on a binary system (0, 1). A “bridge” must be constructed to translate quantum outputs into binary. – Translation Challenges: This bridge would need to convert quantum…
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In a recent article, to be more precise: X-thread, has Justin Bons openly attacked Bitcoin. He voiced critiques based on misinformation, false data and even outdated data. To the new people getting on-boarded into Bitcoin, threads like these can be a deterrent. They willfully spread misinformation for an agenda which involves pushing their own alt-coins…