zMiller

6 ms·

1.
by zMiller 5y ago
It's a question of opportunity cost of electricity, not absolute numbers: - You live in a place where the "cost" of mining = Electricity + Amortized cost of mining rig. - Someone else lives in a place where "cost" o
2.
by zMiller 5y ago
> The biggest trouble here is that pollution externalities of power generation are very commonly not priced into the cost of electricity, so generic incentives to consume energy also very commonly mean incentives to pollute more. This is
3.
by zMiller 5y ago
- While storage is part of the infrastructure, it not the solution -> Not feasible for a large set of energy sources and often falls to the same pitfalls of bringing new power online (remoteness, capacity, etc..). - Actually Bitcoin
4.
by zMiller 5y ago
> Which is why Bitcoin mining is only feasible in the areas that have the lowest electricity rate? Nope, not where Electricity is cheapest, but where it's opportunity cost is lowest. In developed nations with a stable currency this
5.
by zMiller 5y ago
FWIW there's a lot of half baked arguments going around the space, so a few comments for anyone genuinely interested in evaluating facts: - The usage of electricity in Bitcoin is a feature not a bug. It's designed to use the most
6.
by zMiller 6y ago
https://climateandcapitalism.com/2008/03/19/global-warming-a... https://hbr.org/2018/09/the-social-and-political-costs-of-th... https://www.bloomberg.com/news/v
7.
by zMiller 6y ago
Articles like this while well meaning and coming from a good place are extremely naive and myopic. Do a bit of research in terms of the costs in lives and “, yes c02, of the current status quo and petro dollar complex. Do some research on
8.
by zMiller 6y ago
You will never be able to exchange 1 billion dollars at will with RBC or any other bank.
9.
by zMiller 7y ago
- There comes a time in every man's education when he arrives at the conviction that envy is ignorance; that imitation is suicide; that he must take himself for better, for worse, as his portion - To believe your own thought, to believ
10.
by zMiller 7y ago
fluentd is great. You can setup forwarding nodes, that relay logs to one or mutiple masters that then persists into whatever layer(s) you want. Tolerance and failover baked in. Tons of connectors and best of all docker logs driver is buil
11.
by zMiller 7y ago
Technically you would've 'lost your shirt' in bitcoin if you had bought it during only 2 of the last 520+ months...
12.
by zMiller 8y ago
There always was and will always be one Bitcoin.org
13.
by zMiller 8y ago
If you manage to secure it for a sufficiently long term where you feel comfortable you can meet it's obligations before the terms expire, then go for it !
14.
by zMiller 8y ago
Considering the current political and economic climate : 1- Pay back as much debt as you can: Signs point to the 'cheap money' party ending relatively soon and debt will start becoming considerably more expensive to carry. 2- Bitc
15.
Ask HN: Best way to document a new language's grammar?
1 points by zMiller 8y ago|0 comments
16.
by zMiller 9y ago
Curious what kind of hash rates you would get on a 'super' computer..
17.
by zMiller 9y ago
https://lopp.net/bitcoin.html Great resource that covers a array of topics on a spectrum of levels for different audiences.
18.
by zMiller 9y ago
But you do realize that "cryptocurrency" might very well be THE everyday use product/experiment that successfully demonstrates and educates the average human on the social implications of 'Crypto'. Don't be so
19.
by zMiller 9y ago
International ACH transfer ? Any international Wire or remittance in general will cost you at least 25$.
20.
by zMiller 9y ago
Spot on. Use as currency for Bitcoin (and other coin networks) is still in it's infancy and cannot scale the way it needs to should it want to replace fiat. The important distinction I would draw though that stores of value have histor
21.
by zMiller 9y ago
You are absolutely right. Again my comment was directed at : > People who call Bitcoin a 'Ponzi scheme' , type of plant or apply whatever reduction on a very complex and innovative product. Not at the one's who are raising
22.
by zMiller 9y ago
Now try sending some of that money to a third world country and see how much they get between the fees they pay western union and the thugs waiting outside to 'tax' you. From sale to end point .. where'd my money go ? lol
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by zMiller 9y ago
Totally Kenya's mobile payment system evolution from SMSing minute refill codes, to an actual legally recognized form of payment is the original Blockchain in my mind :) But that is exactly my point, in that market , there is demand an
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by zMiller 9y ago
haha, depends on the card you agree to sign off to :)
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by zMiller 9y ago
This thread's audience is obviously a 'developed nations' one. From our perspective yes, Crytpo's use case as currency make absolutely no sense (yet), we tap our Visa card to pay instantly with no fees and no fraud liab
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by zMiller 9y ago
You need to go through it to unmask it. It's about getting terrified/stressed and then coming out on the other side relatively unharmed a number of times until your mind starts making association that every time you felt this way
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by zMiller 9y ago
Profitable to the US maybe .. but bless inflation exporting that took that burden and placed it on every thing (countries, assets,etc..) that are pegged to the USD.
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by zMiller 9y ago
"According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy" http://www.pbs.org/wnet/need-to-know/economy/the
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by zMiller 9y ago
How much did that 2008 bailout cost in terms of resources ? .... right.
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by zMiller 9y ago
Yep I agree. Coffee script's terse nature makes it great to write readable tests.

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