block_boss

Not so fast. Miners can’t just reject transactions whenever they want. The big pools dominate this game. But hey, you can always up your fee to speed things up.

Larger pools set the tone for this stuff. Small miners? They typically go for whatever pays best since they don’t mine blocks that often.

Your OPEC analogy is spot on. But unlike oil, bitcoin has options. If fees go too high, people might switch to other coins or transactions could drop, forcing pools to lower their standards.

Yeah, Bitmain is one of the top dogs, but there are others like BitFury and ViaBTC running major operations globally. They have tons of data centers and pump out coins regularly. But I’ve gotta ask, do these companies…

No worries in the ASIC market, Block's new chips are coming out. They might learn from Intel’s mistakes.

True, TSMC and Samsung are still making tons for miners. Intel just couldn't cut it.

I wonder if they’re doing layoffs like other firms. They’re not in dire straits, but still.

Anyone have specs on those Blockscale 1000s? I feel like Intel has been lagging behind.

So the Antminer S21 Hyd has 335Th and the S21 Pro hits 234Th. I saw that the review mentioned they share the same chips, but the boards differ and that changes how many chips each has. Check out these links for more…

With the low hash price, lots of miners are struggling these days... even big players feel the heat. Like the hosting rate at Core Scientific for Antminer S19XPs is at $0.0745/KWh, which is basically breakeven right now.

Looks like the Russian way of thinking about power is different. Here, we say 3300 watts instead of focusing on amperes. We get our own safety measures in place too.

Spot on. Amp ratings are key when sizing wire. Power loss depends on amps run through the wire. You can’t ignore that.

Modern ASICs use way more than 3500 watts. Most homes can't handle that without some serious electrical work. Enthusiasts usually upgrade their wiring.

True but without cheap electricity, all that other stuff doesn’t matter. Russia had it good with low rates, but now with conflicts and transformer issues, they’re clamping down on miners. If they catch you, your gear is…

In Europe, it’s the opposite. Prices are skyrocketing due to sanctions. Many are paying what’s dubbed a ‘war tax’ without any say in it.

So, Bitdeer just announced they’ve tested a new bitcoin mining chip, right? It’s called SEAL01 and they claim it’s built with 4nm tech. Sounds pretty advanced. Yeah, I saw that too. They say it can hit 18.1 J/TH for…

Using heat and sunlight is key! If you use solar power, you can cover costs for mining and other needs.

The US might have cash for military bases everywhere, but it seems like they can’t spare anything to secure the border.

Coming from Russia, I’ve heard how politics plays out in post-USSR countries. Kyrgyzstan gets power from Kazakhstan and Turkmenistan and uses it for mining. Mining thrives in areas with power shortages, but Kazakhstan…

Heard about that! Major asset managers are getting in on it. If they succeed, it’ll boost confidence for more crypto investment.