„This year, block propagation has slowed down, because some transactions are missing from node mempools.“ That’s a disadvantage for miners who include transactions containing non-monetary data. If miners don’t include them, there’s no delay. So does this finally mean filters aren’t useless after all? View quoted note →
Our debt-based financial system is not about creating wealth. It is about control. Debt steers people toward what benefits the lenders and creates a centralized system of control over others. It is a tool the rich use to shape the work and choices of everyone else.
In the long run, Bitcoin miners that neither use surplus energy nor repurpose their waste heat will struggle to remain profitable. As competition increases, profit margins will continue to shrink. This is why it would be fascinating to integrate mining chips into everyday devices that already produce heat, such as the boilers inside coffee machines. Take a coffee machine, for example. Its boiler operates almost continuously, and if it were powered by small mining chips, the heat generated by mining could be used to warm the water at the same time. With millions of such machines running around the world, they could collectively help secure the Bitcoin network in a highly decentralized way, distributed across countless locations. Companies that adopt such designs could benefit by earning rewards from the operation of all their machines. If anyone has experience with boiler systems, this might be an idea worth experimenting with. #mining #boiler
Progress on my dashboard from my mining management system The battery display is now dynamic, and at the top there is a scale showing how close my best difficulty has come to a block. The miner moves forward as the value increases. There are also status points: yellow when a miner finds a new best difficulty, and red when the hashrate drops too low or the temperature gets too high. Both remain visible until they are acknowledged.