Steve Barbour @SGBarbour
Fiat minimalist, engine maximalist | Owner @upstreamdatainc | https://t.co/vIjwrbBMO9 bullishthoughts.substack.com Calgary, Alberta Joined January 2015-
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When fee levels are abnormally high miners are incentivized to switch to the largest pool to ensure they get a piece of the action (ignoring FPPS pools, of which the operator instead is at much higher insolvency risk w/ poor Luck, so the opportunity cost is just masked and shared…
Happy #bitcoin halving fam! Celebrating low key with my own fam, half my DNA in each of these two babes! 🥰
37.626 BTC in fees 🤯
Halve a safe, LARP-free #bitcoin halving tonight and remember: - All halvings are already priced in - All 21 million bitcoin are already priced in - 'S2F' ratio is a provably meaningless metric, its only value is making academics feel good about the words they write 😜
Not sure how to feel about everyone excitedly anticipating our revenue dropping by 50% -____- #halvingssuck
If we all agree to turn our hashpower off we can stop the halving!
I have zero thoughts to report re the halving. Regards,
Someone is testing 1 and 2 block re-orging on testnet Let the games begin!
Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool.
Looking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool. https://t.co/xhCrdvkOH8
Once upon a time there lived on a certain blockchain a little mining rig. The rig wore a bright red 3D printed exhaust fan shroud which suited her so well that everyone took to calling her Little Red Mining Hood. One day, frustrated at never mining any blocks herself, Little…
Antpool owns approximately 50% or more of the network hashrate. I wouldn't put it past them to steal the halving block.
You own a small business in Canada Your employees pay income taxes so you pay them more so they can live You pay mandatory contributions for your employees that end up being a ponzi scheme You pay sales tax on everything You pay petrol tax, booze tax, tobacco tax, special…
Our team went down to Utah to commission 1 megawatt worth of Hash Generators for our customer last week. This application is a mature stranded gas field which cannot access the market, so we brought the market to their energy! LoadSync™ controller automates the natural gas…
Most miners get murdered by miner depreciation and yet you seldom hear about it as a critical factor for success. The ASIC hamster wheel continues to grind.
This new dashboard from @coinmetrics is absolutely fantastic. Great work @ParkerMerritt & team 📊
... it was epic :D
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@SGBarbour Some people just have wayyyyy too much bitcoin 😂
@jorkney5 @SGBarbour A fool and his bitcoin will soon be parted.
@SGBarbour Or use NiceHash. The buyers are the ones switching your hashrate to whatever pool they believe will hit the next block. Thus, they are willing to pay the premium and take the risk. Check the NiceHash past payrates.
Sage advice. scarce.city/auctions/buy-b…
@SGBarbour @BTCGandalf @NiceHashMining BTC only for payments of hashrate. Across all algorithms.
the halving is cancelled, we're doing a quadrupling instead
@SGBarbour I was literally just thinking about how in times like these it really pays to go to the pool with the highest hashrate.
@SGBarbour Happy halving to you and your fam sir!
Nearly 150 ppl RSVP’d to #bitcoin halving party in Denver tomorrow. Gonna be a blast. Can’t wait. Come join us.
@SGBarbour Did the same with my 2 year old and one month old, the best
Happy bitcoin halving day!! For the first time in history, humans have a form of money whose supply increases by less than 1% per year. This is a big deal because the hardness of our money is a control knob for our time preference: the degree to which we discount the future.…
I wanna be in the room where it happens. The room where it happens.
@SGBarbour Teaching young ones to coal builds character. Happy Bitcoin halving Steve. Appreciate all your help with OceanBit!!!
one thing is clear now - mempool.space is the go to block explorer. Congrats @wiz and team!
Halving? Hashprice dropping by up to 50%? No real idea how long will fees be sustained for? Huh, seems like a lot to worry about. Guess I’ll just ride index in LZW.