Watching #1984, and realising it is not #ai, terminators or skynet we need to be worried about, but the creep of the state and surveillance, with miss information leading the masses blindly into submission that we should be concerned about. Don’t turn on each other. Don’t feed the beast, minimise your surface area, minimise the benefit they’ll get even if they come after you, prepare for that day. Oh, Gm nostriches, if it isn’t you who will make the change, who will it be? #bitcoin https://image.nostr.build/226032842c273cf9341645f3f195dbaae8b56e90bc621b092d641c8a3381746e.jpg
Times are tough, the wolf maybe not yet be at the door, but they have caught our scent on the wind.
We all need to remain vigilant, we need to have people, in real life, we can trust and exchange services with.
When the time arrives, when we have the wolves knocking on our doors, we need to be ready.
Cheers @BTCsessions and @ODELL for some high signal this week. Also thanks for a sprinkling of blind melon to complete this week’s @CITADELDISPATCH, there is still beauty in the world. https://image.nostr.build/cd6934e428f331bc59c684055521e8e0fd399c36ac348c37fa652827b6099679.jpg
Prepare your set up, be prepared to be the dissident you never thought you’d have to be, and be confident that if the worst comes to the worst, a jury should have the right to give a none guilty verdict regardless of whether the law was broken, but due to it considering the law to be unjust (jury nullification). We have the right to private property, freedom to transact and privacy. Cheers @fnew #bitcoin nostr:note1698vv29qkty8h8l80p8yd7afquetdnr8kxyl8m8p4lyy6d7l5lhspl65xu
Not the standard “why are we bullish”, but some very important topics covered and so many things that, as bitcoiners, we all need to consider and if necessary prepare for, also if you have kids, as least consider the quality of the offspring of the people you know, maybe don’t say “arranged married”, but you may want to help curate some of people your kids spend time with……. Quality work @BTCsessionshttps://fountain.fm/episode/dtf3GEd815TvHo0rjdo1
Gm nostriches, after surviving a challenging fiat Friday, quiet Saturday morning #coffeechain with a little ta on the YouTube, everything is now put to rights. Have an awesome day and realise it’s gonna be all right, even if you’re still finding yourself in the grips of the fiat overlords. 🙌 https://image.nostr.build/d78bf86da53bd039b27d897bf995b7e9511b7c8c16d606b3c29041af2bfd4f0b.jpg
The system has had to be put in place to stop every student questioning their grades in an attempt to get a higher grade than the one THEY EARNED. If this student put as much effort into seeking support during the module as they do trying to cheat the system, they would very likely have just got a better grade. They did actually get a very good grade, they just wanted it to be slightly higher.
I don’t disagree with you at all, and am not an English teacher (I’m a lecturer with an engineering background). The system I work within feels like it has be designed to squash dissent, for better or worse, it is a system with rigorous control to provide confidence that the grades given are the grades earned (so help reduce resources directed to rework/remarking). This meant that because of the system I couldn’t actually mark the student’s work again to absolutely confirm their mark was representative of their work (although from looking of their work, there is no reason to worry about the grade being accurate). I had an hour long conversation them, providing details of the process, they appear slightly less annoyed by the end.
Unfortunately the student had been comparing their feedback with other student who had got better grades, and thought they had earned a higher grade. Suggesting that they could provide a better assessment of their project than the whole module team. I feel bad for the student, “comparison is the thief of joy”, they will never be happy with their grade rather than seeing how the two pages of feedback could guide them to improving their work moving forward. I like appreciate that they would have liked to have got a better grade, but they never asked me what he needed to do to actually have improved his project during the entire hour of the meeting.
Given he is also questioning another assignment where he didn’t breach the magical level he believes he deserves, the meeting was probably less about my module and more about the student. I do fear they’ll leave the degree focusing on the grade they should have been given, rather than focusing on getting his final modules completed to the best of his abilities.
I only hope he feels like he has got something out of the process, although given the system, a higher mark, will, unfortunately for him, not be it. Thanks for the reply Jack
Sitting down with a student questioning their final grade later today, my opening gambit will be “what do you expect to get from this meeting, given I have told you the final grade will not change?”
Why do some students have to be arsy about their final grades? it was not good enough to get a first, deal with it.
The system has had to be put in place to stop every student questioning their grades in an attempt to get a higher grade than the one THEY EARNED. If this student put as much effort into seeking support during the module as they do trying to cheat the system, they would very likely have just got a better grade. They did actually get a very good grade, they just wanted it to be slightly higher.
love going out for a spin on my e-bike, I bought it in 2020, 4 months into my #bitcoin journey, due to my “on paper” profits covering the expense. Fortunately I did not realise profits to pay for it. If I had, by the time the bike actually arrives 6 months later the #bitcoin I would have sold would have been worth around 4x what the bike was worth. I would also have had to pay capital gains on what I had sold, pushing the effective price of the bike up between 20-40%. 😭
Don’t get too far over ur skis, don’t think you’re a genius when you’ve made a little money this bullrun. Stay humble,don’t sell your #Bitcoin & if you think that item you can now justify/afford will add value to your life,maybe borrow some money (cheaply, cycle to work scheme in the uk?!?) or save a little fiat. Also, don’t get distracted by what you could buy, enjoy the beauty in the world. 😘 https://image.nostr.build/35be547e779b877fa10f2139ce9cad9a94f3641a72adc47975d120d6d9454305.jpghttps://image.nostr.build/5fbefb67ee666053ecc7d4ab898b7e777853f9a1dedf745312dfa086805c52df.jpg
Gm nostriches, sun is streaming through the window, #coffeechain was oh so creamy, fiat currencies are coughing up blood and independent, censorship resistance, non inflationary, energy secured money is a thing. What a time to be alive. Share the good word of Satoshi, stay humble, stack sats, be happy. #bitcoin #grownostr https://image.nostr.build/59fb0003167e7e682e67353919916dd6bde06356b9a6b0d71c13aa341713bbbd.jpg
Stay vigilant out there, fight for your freedom to transaction and the right “to selectively reveal oneself to the world” (thank you Eric). The European Union appears to be working to actively remove these rights. Combined with their new rules of cash transactions, I am honestly concerned. nostr:note1et58xmrmh2ag8xmjc7r98crzn8fq0f97ngda90vq6d6hatfdsm3q7ew4yd
GM freaks, Maximum pumpiness on a Tuesday morning with the legendary Tyler S. TA is basically horoscopes for nerds, no offence, but loving the notion that #bitcoin hasn’t been able to “flip bullish on the RSI” since March…….. whatever that might actually mean. Onwards and upwards nostriches. https://image.nostr.build/a0e7bc6de6913e3de27bd3d03e6be16c73fa43b4f767f5f574cce5daf71862b2.jpg
Gm nostriches. For all those Unit of Account maxis out there, looking back on this time last year, I have more #bitcoin now than I did back then. Things are moving in the right direction. All other metrics are just noise. Stay humble, stack sats, spend to support the ecosystem, increase your stack. #grownostr https://image.nostr.build/7d4dc4e92252d26022240db6d935ccf902e7ef6a40b965b93df485fa7189fe15.jpg
Wife: what you working on, is it due for tomorrow or something? You’re very busy.
Me: errrr, I’m just writing something to send to someone with a profile picture where he is made up of sandwiches and goes by the name of shinobi about ossification.
Wife: sorry I asked.
GM nostriches, keep it classy, get some sunshine, and here is a little note on where we are in mining and the halving. I’m just an average guy, but have explored mining a little, also, if you get to the end, I have had some research training along the way, so fingers cross, you don’t think what I’ve written is complete BS.
How’s about an update on how things are looking for the average #bitcoin miner going into the #halving, who knows how long it will take to return to pre halving $usd value for the subsidy. But what about a new graph with some new insight?
Looking at the first graph, after the halving it took up to 175 for revenues to reach pre halving overs, which is at times called the miners “valley of death” (I think or I just made that up). Also worth noting is that when prices returned to those levels, in both 2016 and 2020 there was quite a bit of resistance making it back over that level (something worth remembering in the coming months), but this is oh so short term.
Current mining rewards mean nothing, if you got into mining closer to all highs, it is likely that you would only be comfortable once post halving rewards exceeded pre halving all time high block rewards. (Current block rewards)/(all time high block rewards). Remember $corz?!?!? They aped in with leverage and loans and once price started to turn, 💀. If you get into mining at ATHs, you’re going to have been under water for a while.
But look at the yellow dots (graph 2), we are already at all time highs, this time is different by quite a way. If prices were where they were 4 years ago, there would likely be much less interest in #bitcoin mining and many more miners struggling. Miner rewards in previous cycles post halving went down to under 20% of their all time rewards, this cycle they are unlikely to dip much below 40%, so miner profitability is likely under much less pressure this time around. Having said that, a 50% cut in revenue (not profit) will likely affect all miners, with only the best financed, best managed with cheapest power are likely to survive/flourish, I’m looking at you $clsk and barefoot!!!!! In epoch 2, it took over 300 days to get back to miner profits being what they were at the previous ATH!!!!
But, but, but my friend, this is only part of the complex system that is mining, rewards are distributed across the entire network and that has been growing for 4 years. Given hashrate (or your miners’ share of the network) has increased quite dramatically/exponentially since 2012:
hashrate increased from 0.78 exahash in 2016 to 97 exahash in 2020 (blockchain.com), what miners earn has also reduced significantly.
As a result, rather than block rewards, fees or fiat price per coin, miners tend to give more attention to hashprice, or basically what they can expect to earn for each tera or peta hash provided to the network per day. Hash price peaked in late 2017 at nearly$3500 per day/peta hash but by Jan 2020 was around $150 per day/petahash $0.15 per th, but again, this is not the full story, how much did it cost a miner to provide that hash rate to the network,how many dollars are they making per machine? This is fag packet maths, but if you happened to have an S9 at the peak, it was still profitable mining with energy costing you over $1 per KWh!!!!! That point in history when you could actual plug a miner into a wall socket and print money!!!!
So, let’s put a little practice and numbers into this theory, going into the 2020 #halving a miner could make $0.1272 per day/tera hash. After the halving that was 0.07636. This means that your average S19 with 95T and 34j/Th (thanks BLOCKWARE solutions for an insightful case study) would be making (after 8c/kWh power) $1.325 worth of bitcoin per day. During this period it took Hash price 175 days (nearly 6 months) after the 2020 halving to get back to the level it was pre halving, that is a long time for a miner to be operating with a reduced revenue. Good job this theoretical person bought the newest generation miner!
Today, a lovely new S21, 195T, with an efficiency of 17.5 watts/terahash (thanks bitmain.com), with hash price at a very respectacle $0.108 per day/terahash and again 8c per kWh, this can earn you $14.42 per day 🙌, today. However, come Saturday (🤞), rewards halve, but power costs stay the same, meaning profit will drop to $3.85 per day, even for the best miner on the market (at the moment). FYI, if price at the halving was around $32k, even an s21 would only just breakeven.
If miners don’t have the latest generation miners, they will have difficulty staying profitable (makes sense). Our friendly s19 from earlier makes $4.37/day today, but after Saturday (🤞) it would effectively cost you $71.7k to mine a #bitcoin. While miners are likely tied into fixed price power contracts, if they haven’t got strong cash positions, it is only a matter of time before this starts causing problems, unless price starts to rip!
Look back on those yellow dots from earlier, we hate saying it and cringe whenever we hear it, but even if the institutions and etf’s have affected things, this time appears to be quite different!
Good work in making it is far, I think the numbers get pretty close and would have ideally had data for graphs through to the end, but wasn’t able to get hold of it, please be kind, I’m trained in qualitative research not quants, I tried my best!!!! Peace. ✌🏻#grownostr #minebitcoin #halfining. Now time to wake up the fam and turn on the #coffeechain. Pura Vida. https://image.nostr.build/f84b66a034e0332bbda397c29ffff611fd9e82adcf236d82c0897eeadab487fb.jpghttps://image.nostr.build/f2359818a7d8d18f5ac5506a08c687e8b5081bd0db7cc0f8181be2cd8ee2adbf.jpghttps://image.nostr.build/639dbf17e0c29469382d2cbfe31634cd9a5b9a1aa1d87af69ba1fb5a346a9bb2.jpghttps://image.nostr.build/ac054581b402a3a397ab904befaf13ce48d0adc1406e106fd0d74c2b5e4517e5.jpg
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