Are these bitcoin mining towers??? Just going through some of my father's stuff
https://redd.it/1cwb4yf
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Mentor Monday, May 20, 2024: Ask all your bitcoin questions!
Ask (and answer!) away! Here are the general rules:
* If you'd like to learn something, ask.
* If you'd like to share knowledge, answer.
* Any question about Bitcoin is fair game.
And don't forget to check out /r/BitcoinBeginners
You can sort by new to see the latest questions that may not be answered yet.
https://redd.it/1cw9kl2
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Daily Discussion, May 20, 2024
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1cw8mej
@r_bitcoin
I have been binge watching Andreas Antonopolous videos on Bitcoin. His content and knowledge of BTC is mind blowing. I was already a maxi but somehow found a way to become more bullish after listening to him. Has anyone else experienced this? What nugget of Andreas really hit home for you?
https://redd.it/1cw4ufr
@r_bitcoin
A whale bought 1,590 $BTC($106.8M) from #Binance in the past 24 hours.
https://preview.redd.it/53i1iuq2ef1d1.png?width=1919&format=png&auto=webp&s=b7b3e98f5465da799d717b96db7911c954eb3f96
Is this a fund or an indicvidual?
Share your thoughts below
Whale address: https://coinstats.app/address/124BPp9mTaXxTXiRx8cxEZDd4sGjoxGk9F/transactions/
https://redd.it/1cvupvb
@r_bitcoin
Bitcoin ‘IS’ the exit plan
https://redd.it/1cvv5ue
@r_bitcoin
19.7 million exist. Only 1.3 million more will ever exist
Just noticed on CMC that Bitcoin's supply is up to 19.7 million now. 1.3 million to go over the next \~115 years.
That means there is only 6.6% monetary supply inflation left on the bitcoin network...then 0% monetary inflation FOREVER!
Unlike any other asset on the planet.
https://redd.it/1cvs1sr
@r_bitcoin
Venezuelan only electric company (state owned, so the government) has ordered to shut down all the mining farms in the country considering the high power consumption and constant blackouts (A big house with 2000kWh monthly bill only pays 6 USD monthly)
Hi there, I'm Venezuelan living here, crypto enthusiast.
Because the really low electricity price Venezuela has been a "good" option for mining crypto (no law is one of the disadvantages), last months the power failures and outage has increased a lot (I usually get service 16h daily, so 8h power blackouts usually in two rounds).
As I always like to point the economic situation, monthly minimum wage is around 3 USD and with bonuses and things you might do 100-120 USD monthly, average wage should be around 150 USD monthly!
So government took the decisions to shut down all the mining farms, remember this is a lawless state if you aren't OK with that they might just put you in jail and/or seize all your machines.
There is only one electric company (state owned of course) called CORPOELEC.
Last week they changed the president of CORPOELEC, which was a military (yeah, of course!) some people say he was getting some bribes to allow the mining farms.
I'm sure there is people mining at home (maybe 1 machine could go unnoticed) but big scale operations aren't anymore.
This is Carabobo state governor showing one mining farm: https://x.com/ReporteYa/status/1791648681818570978
https://www-descifrado-com.translate.goog/2024/05/18/corpoelec-desconectara-granjas-de-mineria-de-criptomonedas-del-sistema-electrico/?\_x\_tr\_sl=auto&\_x\_tr\_tl=es&\_x\_tr\_hl=es&\_x\_tr\_pto=wapp
https://elpais-com.translate.goog/america/2024-05-18/venezuela-le-corta-la-electricidad-a-las-granjas-de-bitcoin-en-medio-de-constantes-apagones.html?\_x\_tr\_sl=auto&\_x\_tr\_tl=en&\_x\_tr\_hl=es&\_x\_tr\_pto=wapp
Any question, let me know!
https://redd.it/1cvovnj
@r_bitcoin
excellent resource to learn about Silent Payments (BIP352 enabling receiving bitcoin more privately)
https://silentpayments.xyz/
https://redd.it/1cvngz6
@r_bitcoin
Daily Discussion, May 19, 2024
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1cvhis5
@r_bitcoin
Paying farmers with Bitcoin in Tennessee
I’m pretty excited about this and wanted to share. I found a store that only sells organic, locally grown foods, straight from the farm. You can buy their products with bitcoin! I don’t have the right exchange BUT I’ll be taking care of that right after I post this!
Where else can we use Bitcoin in Tennessee?
https://redd.it/1cvbn58
@r_bitcoin
Now everything is clear.
https://redd.it/1cvawy2
@r_bitcoin
Bitcoin
https://bitcoinmagazine.com/business/5-1-billion-pension-fund-cio-joins-non-profit-organization-focused-on-bitcoin-adoption
https://redd.it/1cv5vqz
@r_bitcoin
Bitcoin Currency Fever Spreads to Argentina
https://youtu.be/aTbtI4Gpp-Y?si=JSe5aEyT1TlACKd7
https://redd.it/1cv0e5x
@r_bitcoin
Available #Bitcoin on Exchanges is rapidly decreasing!
https://redd.it/1cuxtzd
@r_bitcoin
Bitcoin would need to hit $93K to flip silver right now
https://cointelegraph.com/news/bitcoin-would-need-hit-93k-flip-silver-right-now
https://redd.it/1cw9ym9
@r_bitcoin
28yr Old Convicted Felon | Bitcoin Made Me a Millionaire
Im 28m, and heard about Bitcoin in 2018 shortly after I got out of prison. At the time I was getting my life back together I was saving money and I had 1 bitcoin at one time. I sold it to at some point because I thought I wanted to be a real estate investor as it was an option I could pursue with my criminal background limiting my job opportunities.
I didn't know the first thing about bitcoin or crypto, I even conflated Bitcoin with Coinbase and dismissed it as a scam when I had trouble selling it on Coinbase and withdrawing my money. I started investing in real estate buying single family and renting them out. Covid hit and tenants stopped paying rent, luckily for me I got them to sign up for rental assistance and it was peak of market and ended up selling all my properties 2021. So I ended up with a bunch of cash and needed to do something with it. I told myself I wanted to double my money each year for the next 10 years to become a millionaire by 35.
I looked up everything, every strategy, every investment, history, economics, federal reserve, just went down a rabbit hole and somehow came back to bitcoin. It just offered me the best opportunity and I see it having the best probability of being a very valuable asset 20-30 years from now. I live very modest, have a family, and I really just need the most flexibility and liberty in my life and bitcoin offers me the best tool for the lifestyle I want.
In 2022 I went all in on Bitcoin and have been DCAing since. The past two years I have doubled my net-worth each year. I have a second home in MX, my primary residence, and Bitcoin. 2 beater cars, use my credit cards on a daily, I make about $75k a year between full time job and side businesses. I would be open to diversifying my self custody into BTC ETFs and companies just cause the only threat I see to bitcoin is not being able to exchange for my local currency. However unlikely I think it will be, in 20 years from now it might be throw away money for me I hope.
https://redd.it/1cw5dbw
@r_bitcoin
Downloading the blockchain takes that long...?
I am currently setting up a new Full Node and Lightning wallet in one and downloading the blockchain. After a day and a half, the Lightning downlod is at 47%. The blockchain is only 7% downloaded. Is that normal? I have a 50k internet connection. Did it take that long for you too?
https://redd.it/1cvzta0
@r_bitcoin
Institutional adoption of #BTC has begun. ⚠️
https://redd.it/1cvuyv5
@r_bitcoin
Building a new service and need some feedback.
https://redd.it/1cvpwjr
@r_bitcoin
There are only 1.72m #Bitcoin left on exchanges...
https://redd.it/1cvravf
@r_bitcoin
Saw this in Prague today
https://redd.it/1cvo6rk
@r_bitcoin
What would you have answered?
https://redd.it/1cvixl9
@r_bitcoin
I need help picking out a Bitcoin related name for my next yacht!
Here is a thought that I had:
“ proof of work” or Sea Toshi.
What are your favorite names?
https://redd.it/1cvcze4
@r_bitcoin
BTC Reserves are in a year long downtrend
https://preview.redd.it/7ume7lxik91d1.png?width=1249&format=png&auto=webp&s=d883e34f04c894d3ccc3b515628637d47b30c22a
https://redd.it/1cv9hk0
@r_bitcoin
It entered ETFs last week with a net worth of $1 billion.
https://redd.it/1cv7thj
@r_bitcoin
What makes Bitcoin better than other cryptocurrencies.
After reading a bit, I've noticed some saying that Bitcoin is better than other alt coins. Why is this so?
https://redd.it/1cuxl3t
@r_bitcoin
Largest Bitcoin ETF Holders: Who Are They? And How Much Do They Own?
https://bitcoinnews.com/opinion/13f-filings-bitcoin-etf-holders
https://redd.it/1cuwzjw
@r_bitcoin
I made a realistic Bitcoin in 3D to use it in future Videos
https://redd.it/1cuxtba
@r_bitcoin
