• 0 Posts
  • 87 Comments
Joined 2 years ago
cake
Cake day: August 25th, 2023

help-circle
  • Fair - point still stands though - the application only has a single breakpoint defined at 600sp from a cursory glance, the lack of an ultra-wide specific layout is just because it hasn’t been implemented rather than a shortfall of GTK (though I’m not sure you would even want to make the message view wider, as it would impair readability)










  • We’re at a point where it’s no longer profitable for individual miners

    We have been at that point since GPU mining stopped being feasible in 2014, it’s just gotten worse. ASICs made it so the only people who could profit off mining were people who could place a wholesale sized order of hardware from bitmain, etc. Anyone else who claimed to be mining profitably was likely someone who was:

    1. buying old hardware 2nd hand (or new hardware at MSRP) and capitalizing on free electricity in their rental
    2. not selling their Bitcoin immediately (they weren’t making money from mining, they were making it from speculating)
    3. lived in Quebec and could double dip (North America’s cheapest grid + free heating for 8 months of the year)

    unless there’s a radical change in bitcoin’s algorithm

    The algorithm already does this though. Every 2016 blocks if it took more than 10 minutes per block, the difficulty of mining bitcoin goes down, not up. This is why every halving event you see a radical drop in difficulty, because at a given kWh you are producing half as many bitcoin - meaning people turned off their miners because it’s less profitable. The flipside is the rate of issuance goes down, so there is a lower inflationary effect, and the price of Bitcoin usually also skyrockets (which means eventually these miners re-enter, and difficulty eventually goes back to where it was). It can never get to a point where Bitcoin mining is completely unprofitable unless the price goes to zero, because there will always be a guy with a solar panel and fully paid-off hardware who can mine it for free. Granted, it can get to a point where a lot of people have to take a huge loss on capital expenditures if the price nosedives and never recovers




  • New data tells us that mining a single Bitcoin or one BTC costs the largest public mining companies over $82,000 USD, which is nearly double the figure it did the previous quarter. Estimates for smaller organisations say you need to spend about $137,000 to get that single BTC in return. BTC is currently only valued at $94,703 USD, which seems to be a problem in the math department.

    Bitcoin mining will always be profitable for the people with the cheapest electricity and largest economies of scale. There is a difficulty adjustment algorithm in the protocol that ensures this. When the price tanks people turn off thier miners, difficulty adjusts downwards, and then it takes less electricity to find a block.

    tl;dr title is wrong


  • Pierre will still need a way to make money going forwards lol.

    He actually probably doesnt. He has been making top bracket income for the past 20 years. The last few years he has been making just shy of 300k with his housing+everything else provided to him as opposition leader. In 10 years he can start collecting one of the biggest pensions in government (behind Trudeau).


  • Yes, it was hyperbole, but saying “CodeWeavers does contribute back” is really downplaying it, many, if not most of the wine development is done by CodeWeavers employees (including Alexandre Julliard). Mac users buying crossover was pretty much the main economic driver turning the gears of wine for the 10-15 years before Valve started sponsoring it as well.

    still can’t trust them long term because profit

    The company is an employee owned trust (co-op) if that lessens the blow




  • Not an American, but basically decide how much risk you want to take on - then depending on that answer set aside money (0-40%) for safe investments - things like bonds (guaranteed returns) or potentially gold (lower volatility). The rest goes into a 80/20 (or 60/40, or 90/10, no one can say what’s best) split between domestic and international index funds. Things like the S&P500, Dow, and US whole market index, and then some into EU, Asia/Oceana, and emerging market index funds.