welcome on nostr
Have you read the Crypto Anarchist Manifesto? I believe nostr with NIP-57 and Bitcoin is the foundation of crypto anarchy.
Two people can exchange goods and services without the need to know anything about each other, besides their public key. This is revolutionary.
https://groups.csail.mit.edu/mac/classes/6.805/articles/crypto/cypherpunks/may-crypto-manifesto.html
both are needed. it is like a symbiosis. no one can exist without each other
hash rate is the only number that counts
umbrel has come a long way
last year i have funded a channel while the computer was still downloading the blockchain. then the computer broke down, i installed another distro and installed umbrel again. the channel was lost.
i could track the funded channel on different wallets but as a view only wallet without a key.
now umbrel has put all your backups on their server. i could find and download the backup of the funded channel. now i can see it on umbrel, it shows the correct funded amount and it says shutting down.
i know they said that it can take 2-14 days before the money will show up.
will the money go back to the funding wallet or will it go to the lightning wallet when the channel shuts down?
"how many hashes per second do you reach mining?
do you use solo mining or p2p pool mining? "
that was my original question(s)
what part of that did you not understand?
how many sats do you make a month with a channel?
bitcoin will not protect your privacy
monero will
you know all that and you are not concerned?
you need to understand what asics are:
it stands for application specific integrated circuit
all asics are made in china
meaning that asics can only mine bitcoin, nothing else
what is the implication:
normal computers, cpus, gpus,android cannot mine bitcoin
as a consequence bitcoin is getting very centralized
in huge data centers, more and more centralized
the government corporations know where those datacenters are and could easily blackmail them into 'compliance" with whatever they want
monero cannot be mined with asics
monero cannot be tracked or traced. it can only be if you allow it. providing perfect privacy.
monero is a community project being mined on any computer, becoming more and more decentralized.
monero cannot be blackmailed or shut down by anyone
1st question : https://www.coinwarz.com/mining/bitcoin/calculator
2nd question: best is p2p pool mining if you have 1 asic
from coinwartz: if you buy antminer s19xp you pay 17999.- usd and you make 1.96 usd per day minus pool fees at an electricity charge of 10 cents per kwh which is very low
this shows that bitcoin mining is not profitable for a normal miner.
it can only be made profitable for large corporations buying asics in bulk, operating large mining centers, as big as amazon warehouses or google datacenters. as a result bitcoin mining is becoming more and more centralized.
monero can be mined on any pc, telephone, even on android car stereos. it cannot be mined on asics efficiently in order to keep it decentralized
1st question : https://www.coinwarz.com/mining/bitcoin/calculator
2nd question: best is p2p pool mining if you have 1 asic
asics cannot be used. it was made inefficient in the last fork in order to keep mining decentralized