gary oldmans diary posted:

Dmitri-9 posted:

Is this crash people realizing how thinly traded the market is or is it because of regulation?

PostNouveau posted:

Is the market getting crashed by just selling 1,000 BTC? Couldn't the Mt Gox people do that 300 times?

comedyblissoption posted:

the currency of the future where you're supposed to hold on to it forever and never can't exchange it for anything

comedyblissoption posted:

the currency of the future where you're supposed to hold on to it forever and never exchange it for anything

quote:

What the gently caress is going on with the trustee?

I want to cry, what a total idiot. He could sell this outside the market. Seriously how do I know that he is not shorting and buying it back? Who controls this loving monkey? Why he is trading our BTC and BCH, what the gently caress. That's beyond insanity. Markets hate uncertainty, who gonna buy bitcoin if some loving idiot lawyer sitting in the office in Japan and can any time at his will drop next thousands of BTC in no time. I am angry I've been hosed twice by this poo poo.

quote:

Corruption..this is why we want decentralisation

Uranium 235 posted:

mark karpeles lost weight

he used to look like ted cruz's neck fat, now he just looks like marco rubio

Inept posted:

all of that mxgoxinsolvency subreddit is funny

quote:

Corruption..this is why we want decentralisation

Inept posted:

all of that mxgoxinsolvency subreddit is funny

EorayMel posted:

He went on a diet.

quote:

I don't know Japanese law, but in the US and UK the trustee's fiduciary duty requires them to maximize the value of the estate only to the extent necessary to make the creditors whole. They have no duty to maximize the value of the estate overall, and they owe absolutely no duty to the market.

quote:

"extent necessary to make the creditors whole"

Creditors will never be made whole at this point. Most of us want our Bitcoin back, not fiat.

What is your interest in this case? Are you even a creditor?

quote:

Unbranded 2400w PSUs. I got them from Ali Baba for $135. They are sold out now. They're great, but noisy.

Inept posted:

Someone posted this in the zaurg thread

https://twitter.com/xsimonb/status/971308610616807425

This moron has $100k in computer parts sitting on some wire shelving from walmart, and when asked where he got his power supplies

Bobcats posted:

I had Beenz and Flooz too up until the services ended

Bobcats posted:

I almost started mining years ago but I also laughed at Netflix so don't listen to me.

I had Beenz and Flooz too up until the services ended

Inept posted:

Someone posted this in the zaurg thread

https://twitter.com/xsimonb/status/971308610616807425

This moron has $100k in computer parts sitting on some wire shelving from walmart, and when asked where he got his power supplies

There Bias Two posted:

Those center cards are gonna roast so fast.

Bobcats posted:

I almost started mining years ago but I also laughed at Netflix so don't listen to me.

I had Beenz and Flooz too up until the services ended

Inept posted:

Someone posted this in the zaurg thread

https://twitter.com/xsimonb/status/971308610616807425

This moron has $100k in computer parts sitting on some wire shelving from walmart, and when asked where he got his power supplies

quote:

This Is What Happens When Bitcoin Miners Take Over Your Town
Eastern Washington had cheap power and tons of space. Then the suitcases of cash started arriving.

quote:

Of course, by the end of 2017, the players who were pouring into the basin weren’t interested in building 5-megawatt mines. According to Carlson, mining has now reached the stage where the minimum size for a new commercial mine, given the high levels of difficulty, will soon be 50 megawatts, enough for around 22,000 homes and bigger than one of Amazon Web Services’ immense data centers. Miehe, who has become a kind of broker for out-of-town miners and investors, was fielding calls and emails from much larger players. There were calls from China, where a recent government crackdown on cryptocurrency has miners trying to move operations as large as 200 megawatts to safer ground. And there was a flood of interest from players outside the sector, including big institutional investors from Wall Street, Miami, the Middle East, Europe and Japan, all eager to get in on a commodity that some believe could touch $100,000 by the end of the year. And not all the interest has been so civil. Stories abound of bitcoin miners using hardball tactics to get their mines up and running. Carlson, for example, says some foreign miners tried to bribe building and safety inspectors to let them cut corners on construction. “They are bringing suitcases full of cash,” Carlson says, adding that such ploys invariably backfire. Adds Miehe, “I mean, you know how they talk about the animal spirits—greed and fear? Well, right now, everyone is in full-greed mode.”

quote:

“It’s just basically free money,” Benny says. “All I have to do is wake up in the morning and make sure nothing crashed during the night.”

quote:

In the zero-sum game that cryptocurrency has become, one man’s free money is another man’s headache. In the Mid-Columbia Basin, the latter category includes John Stoll, who oversees Chelan County Public Utility District’s maintenance crews. Stoll regards people like Benny as “rogue operators,” the utility’s term for small players who mine without getting proper permits and equipment upgrades, and whose numbers have soared in the past 12 months. Though only a fraction of the size of their commercial peers, these operators can still overwhelm residential electric grids. In extreme cases, insulation can melt off wires. Transformers will overheat. In one instance last year, the utility says, a miner overloaded a transformer and caused a brush fire.

In parts of the basin, utility crews now actively hunt unpermitted miners, in a manner not unlike the way police look for indoor cannabis farms. The biggest giveaway, Stoll says, is a sustained jump in power use. But crews have learned to look, and listen, for other telltales, such as “fans that are exhausting out of the garage or a bedroom.” In any given week, the utility flushes out two to five suspected miners, Stoll says. Some come clean. They pay for permits and the often-substantial wiring upgrades, or they quit. But others quietly move their servers to another residential location and plug back in. “It’s a bit of a cat-and-mouse game,” Stoll admits.

Moridin920 posted:

https://www.politico.com/magazine/story/2018/03/09/bitcoin-mining-energy-prices-smalltown-feature-217230



lol

Refried Noodle posted:

European consumer protection mandates a 30 day return period for most internet purchases. So now these dipshits are buying video cards and returning them for a full refund. People like this will end up ruining a good thing.

Bobcats posted:

I almost started mining years ago but I also laughed at Netflix so don't listen to me.

I had Beenz and Flooz too up until the services ended