Positive feedback is a great start of the year: β€œThanks again for your quick answers and this during the holidays. During the holidays I had taken the bitaxe out for a few days and recently put it back in. I also just pressed the heatsink and fan a few times. You also recommended this. There is nothing wrong with the fan that is running, that cannot be the problem. I have not changed or tinkered with the heatsink itself. BUT, Since the last start-up the problem seems to have gone away. And since the last update to version 2.4.3, it also runs more Hashrate and I have not had any reports of overheating. I would therefore like to leave it like this for a while, maybe it was in the firmware after all and the "problem child" has also disappeared. I would also like to report that the other miners that we have already ordered from you are working fine! Only I did not seem to be able to get this one to work right away, hopefully it will stay that way now. Thanks again for helping me remotely.” image
Instead of the multisig packs, you can now order single tiny seeds. The tiny seed has been sold a lot in 2024. Nomadic bitcoiners love the titanium micro seeds. image
Bitaxe meme king πŸ‘‡ View quoted note β†’
The practice of withdrawing your bitcoin from exchanges on January 3rd is rooted in several significant reasons, often encapsulated under the event known as "Proof of Keys Day." Here are the key rationales: 1. **Security and Ownership**: The core principle of "Not your keys, not your coins" emphasizes that if you do not control the private keys to your bitcoin, you do not truly own it. Exchanges hold these keys, which means you're trusting a third party with your assets. Withdrawing your bitcoin to a personal wallet where you control the keys mitigates risks associated with exchange hacks, mismanagement, or insolvency. This day serves as a reminder to take back control of your assets. 2. **Verification of Exchange Solvency**: January 3rd, which coincides with the anniversary of the genesis block of Bitcoin, is used as a day to test the solvency of exchanges. By withdrawing funds en masse, users can check if exchanges can fulfill all withdrawal requests, exposing any potential issues with fractional reserve practices where exchanges might not have 1:1 backing for all deposited cryptocurrencies. 3. **Promoting Decentralization**: Bitcoin was created to promote decentralization and reduce reliance on centralized institutions like banks or, in this context, exchanges. By withdrawing your bitcoin, you're actively participating in the philosophy of Bitcoin by decentralizing your holdings and not leaving your digital assets in centralized custody. 4. **Historical Precedents**: There have been numerous instances where exchanges have either gone bankrupt, been hacked, or failed to return users' funds. January 3rd serves as a practical reminder to avoid such fates by securing your assets in personal storage. Events like the FTX collapse underscore the risks of keeping substantial amounts of cryptocurrency on exchanges. 5. **Educational and Community Engagement**: This annual event also acts as an educational opportunity for newer users to learn about the importance of self-custody and how to manage their own wallets securely. It fosters community engagement by encouraging discussions on the importance of personal responsibility in cryptocurrency ownership. 6. **Anticipation of Regulatory Actions**: There's a concern among some Bitcoin advocates that future regulatory actions might restrict the ability to withdraw cryptocurrencies from exchanges to private wallets. Withdrawing on this day can be seen as a proactive measure against potential future restrictions. By participating in Proof of Keys Day, Bitcoin holders are not only securing their own assets but are also collectively contributing to the robustness and integrity of the Bitcoin network. Remember, while this day highlights the importance of these actions, the principles behind it apply year-round for secure cryptocurrency management. image