Wife has literally the best IT job in the city. First wall of miners up and running. From my previous post of the 8 card boxes to this -- stacks of them and more stacks of bitmains. Fuck I wish these were ours. I know one IT honey that's getting chased around the house tonight cause she's sending me pics like this:

Friend rents a nearly unused dedicated server and I have multiple hardly used servers (as in resource intensiveness).

Started a few monero miners on those servers, let's see how this goes 😅

So I host a few mining pools and some of the stories we hear from miners can be quite interesting. One of our miners recently had his front door busted off the hinges and a drug bust team go into his house and turn the house upside down. How did they determine that he was a threat for growing illegal drugs? Well he had a high power bill because of the miners and he grows flowers and food inside of his house and that was enough for THE NYPD to get a warrant.

Now he is responsible for cleaning up the mess the police made. What scares me the most is that they are tracking soil you buy online along with high power bills. What the hell USA im a proud Canadian

Here in Saint Petersburg, Russia, our local governmental utility company that is responsible for providing tap water for the entire city, uses crayfish to monitor the water composition.

There are some crayfishes living at the plant and there are some scientists that constantly monitor the crayfish via optical fiber to measure how they feel. If crayfish feels bad, the water is cut out and the inspection begins. There are operators that are paid to watch for crayfish mood throughout the day.

This system works flawlessly since 2005 and helped prevent several accidents when toxic stuff that can’t be monitored on a large scale ended up in our local river.

I mean coal miners was using canaries and rats for years to detect what detectors just can’t detect good enough.

Our entire tap water system depends on some crayfish and it’s amazing.

Dogecoin hit USD $0.40 recently, which means it's time for the Crypto Rant.

TL;DR: Dogecoin is shit and is logically guaranteed to eventually fall unless it is fundamentally changed.

===========================

If you know how Crypto works under the hood, you can skip to the next section. If you don't, here's the general xyz-coin formula:

Money is sent via transactions, which are validated by *anybody*.

Since transactions are validated by anybody, the system needs to make sure you're not fucking it up on purpose.

The current idea (that most coins use today) is called proof-of-work. In short, you're given an extremely difficult task, and the general idea is you wouldn't be willing to do that work if you were just going to fuck up the system.

For validating these transactions, you are rewarded twofold:

1) You are given a fixed-size prize of the currency from the system itself. This is how new currency is introduced, or "minted" if you prefer.
2) You are given variable-size and user-determined prize called "transaction fees", but it could be more accurately called a "bribe" since it's sole purpose is to entice miners to add YOUR transaction to their block.

This system of validation and reward is called mining.

===========================

This smaller section compares the design o f BTC to Dogecoin - which will lead to my final argument

In BTC, the time between blocks (chunks of data which record transactions and are added to the chain, hence blockchain) is ten minutes. Every ten minutes, BTC transactions are validated and new Bitcoins are born.

In Dogecoin, the time between blocks is only one minute. In Theory, this means that mining Dogecoin is about ten times easier, because the system expects you to be able to solve the proof of work in an average of one minute.

The huge difference between BTC and Doge is the block reward (Fixed amount; new coins minted). The block reward for BTC is somewhat complicated compared to Doge: It started as 50 BTC per block and every 4 years it is halved ("the great halving"). Right now it's 6.25 BTC per block. Soon, the block reward will be almost nothing until BTC hits it's max of 21 million bitcoins "minted".

Dogecoin reward is 10,000 coins per block. And it will be that way for the end of time - no maximum, no great halving. And remember, for every 1 BTC block mined, 10 Doge blocks are mined.

===========================

Bitcoin and Dogecoin are now the two most popular coins in pop culture. What makes me angry is the widespread misunderstanding of the differences between the two. It is likely that most investors buy Dogecoin thinking they're getting in "early" because it's so cheap. They think it's cheap because it isn't as popular as Bitcoin yet. They're wrong. It's cheap because of what's outlined in section two of this rant.

Dogecoin is actually not very far off Bitcoin. Do the math: there's a bit over 100 billion Dogecoin in circulation (130b). There's about 20 million BTC. Calculate their total CURRENT values:

130b * $0.40 = 52b
20m * $60k = 1.2t

...and Doge is rising much, much faster than BTC because of the aforementioned lack of understanding.

The most common thing I hear about Doge is that "nobody expects it to reach Bitcoin levels" (referring to being worth 60k a fucking coin). They don't realize that if Doge gets to be worth just $10 a coin, it will not just reach Bitcoin levels but overtake Bitcoin in value ($1.3T).

===========================

It's worth highlighting that Dogecoin is literally designed to fail. Since it lacks a cap on new coins being introduced, it's just simple math that no matter how much Doge rises, it will eventually be worthless. And it won't take centuries, remember that 100k new Doge are mined EVERY TEN MINUTES. 1,440 minutes in a day * 10K per minute is 14.4 million new coins per day. That's damn near every Bitcoin to ever exist mined every day in Dogecoin

man fuck miners. I;m trying to build an budget pc build for my cousin, and every singe meh card is fucking overpriced thanks to miners. I hope they get fucked over in the ass

Whats everyone's thoughts on coin miners running in the background of a website as an alternative to adverts?

Five or six years ago I was mining bitcoin. I was among first miners. I had a lot of bitcoin. I sold most of btc for 1$ or under to buy laptop so I can code. Bitcoin price was 1200$ at one point. I paid my laptop 300.000$. I am now senior dev. Fck money.

What is your OWN opinion on these new Javascript XMR-Miners?
I personally like them. I only want to be asked nicely to enable them so they don't cause problems. I would kindly do it.

This type of post might be good for a weekly rant (if it has not been done yet) "Most Bizarre bug"

So I am working with laravel and vuejs and I use phpstorm as my IDE and today I had the MOST bizarre bug. I'm working on a cryptocurrency website and I'm making a vue component that is going to be a stratum generator for miners and I wanted to make it a component in vue so it can be used anywhere in the site. So I wanted to call the component "StratumGenerator.vue" and i didnt think that this would be an issue. Oh boy was I wrong. So immediately my syntax highlighting did not work nor did emmet autocomplete which is something I can't work without. So i go on for about an hour to fucking figure out how to fix jetbrains vuejs syntax plugins and a very long story short it was because THE FUCKING NAME WAS "StratumGenerator.vue" LITERALLY ANY OTHER NAME WORKS

I've checked its not a blacklisted keyword Stratum and Generator work fine on there own its also not a length thing so right now I have not a fucking clue on why it does not work but i'm glad I figured out.

Fucking bitcoin miners are making graphics cards I have no intention of buying right now more expensive and it makes me mad.

How am I supposed to spec out a machine when the graphics card is $150 more than it usually is?

How the ...

This is even the description on Coinbase and still...

About Dogecoin
Dogecoin (DOGE) was created in 2013 as a lighthearted alternative to traditional cryptocurrencies like Bitcoin. The Dogecoin name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which is designed to be scarce, Dogecoin is intentionally abundant — 10,000 new coins are mined every minute and there is no maximum supply.

Keep in mind
Unlike Bitcoin, which is designed to be scarce and resistant to inflation, Dogecoin was created to be abundant. There are about 130 billion DOGE circulating, and miners produce another 10,000 every minute.

80's: Got new device with few kilobytes of ram, calculating mass of black hole.

Today: Got new phone with 4gb of ram, mining Bitcoins with app.

I don't understand the hype with blockchain.... Everything at the end relies on a huge network of miners which uses a whole lot of resources and energy right?

So isn't the cost of running one of these extremely high? And well another source for pollution, climate change? The hardware isn't running on clean energy I think?

I just read about the 'Learn to Code' nonsense. It seems some journalists told coal miners to learn coding for a living. Wtf.. As a person doing formal CS education after 1 year of work, i take offense for that comment. Coding jobs are dragged to the ground by these comments which imply that coding is a no skill, for everyone job. Opinions ?

So today in school I decided on my career choice. So I've decided on becoming a data scientist because I can still use my programming and I very much do like looking at data and researching things as well as program obviously :) so if there are any data scientists or data miners out there do you have advice?

Users complain about advertising and how it is annoying to have to see these ads just around the page while they just want to see the main content. So what do they do? They decide to use adblockers which start pushing web admins to find another method to make money. So half the time they offer the service for a lot more than normal which makes people not want to pay for it. So now I decide to push into the embedded crypto miners, which sadly cut in half my earnings but it’s so I can still make something and then people start to complain about this even though it doesn’t bother them in anyway

WHAT DO YOU PEOPLE WANT

I hate miners.

Guys check out IOTA, get a light node wallet and buy some as long as it is still low. It is rising at a rising rate since some hours now.

IOTA is the solution to bitcoins speed and scalability problems. IOTA does not use the blockchain but instead a network called the tangle, which enables decentralized peer-to-peer transactions. There are no miners, no fees and the transaction validation speed depends on how many people are using the currency. One transaction requires your device to validate 2 other transactions through proof of work and therefore the system can never be overloaded by too many transaction requests.

Be warned though, the IOTA foundation is only currently building up the infrastructure, and people are just starting to trade since a few weeks so trasactions still may take a few hours.

Fuck webmin, hello crypto miners