Topic: A huge solar blast occured 2 days ago - page 2. (Read 2495 times)
And here I was hoping we would get something to thaw the winter cold. But we weren't that lucky.
Solar blast, as in a solar flare?
Well, I hope if you have a dedicated server up in the mountains somewhere that you're using ECC RAM! JUST IN CASE!
Well, I hope if you have a dedicated server up in the mountains somewhere that you're using ECC RAM! JUST IN CASE!
This thread has nothing to do with bitcoin, which contrary to popular belief, doesn't even need the internet or computers or electricity to survive.
How can the Bitcoin system realistically survive without electricity?
Well the banks would collapse, but they will obviously be giving you fiat incase something like this happens.
This is not realistic feasible
I would really appreciate it if you didn't alter my sexuality.
This thread has nothing to do with bitcoin, which contrary to popular belief, doesn't even need the internet or computers or electricity to survive.
How can the Bitcoin system realistically survive without electricity?
This thread has nothing to do with bitcoin, which contrary to popular belief, doesn't even need the internet or computers or electricity to survive.
How can the Bitcoin system realistically survive without electricity?
It won't. Thats why we need to introduce offchain transactions , which can exist without elecctricity. I think thats what Gates is working on.
How can offchain transactions realistically survive without electricity?
This is not realistic feasible
I would really appreciate it if you didn't alter my quotes.
also it would probably be possible to use a hard fork to move existing BTC to a new blockchain with difficulty 1.
Good point! Or better yet, a new blockchain with difficulty 0.001! 
This is not realistic feasible
It's not Well not exactly. First difficult wouldn't adjust downward until 2,016 blocks are completed and then it only adjusts downward by a factor of 4. So just to get back to difficulty 1 would require more than 32,000 blocks to be completed. The first would be at the current difficulty and difficulty would only decline slowly. Mining even the genesis block by hand is simply not possible. Difficulty one requires an average of 4 billion hashes. Completing even a single sha256d hash by hand is measured in hours (more realistically a day or more).
Still the good news is that only half of the earth is facing the sun at any given time so destruction of the entire planet's computing resources would multiple solar storms on a massive scale. The other thing to consider is that under any civilization ending solar storm you will be to busy fighting and killing for clean water and sufficient food to worry about the bitcoin network halting.
So are you saying we need to stash old hardware away in a bunker just in case? Otherwise it will take ages to get back to difficulty 1
Yep, realistically if this happens, traditional banking will stop working waaay before the internet stops working so no worries
also it would probably be possible to use a hard fork to move existing BTC to a new blockchain with difficulty 1.
This is not realistic feasible
It's not Well not exactly. First difficult wouldn't adjust downward until 2,016 blocks are completed and then it only adjusts downward by a factor of 4. So just to get back to difficulty 1 would require more than 32,000 blocks to be completed. The first would be at the current difficulty and difficulty would only decline slowly. Mining even the genesis block by hand is simply not possible. Difficulty one requires an average of 4 billion hashes. Completing even a single sha256d hash by hand is measured in hours (more realistically a day or more).
Still the good news is that only half of the earth is facing the sun at any given time so destruction of the entire planet's computing resources would multiple solar storms on a massive scale. The other thing to consider is that under any civilization ending solar storm you will be to busy fighting and killing for clean water and sufficient food to worry about the bitcoin network halting.
This is not realistic feasible
It's not feasible today under present conditions because you'd be competing with the network of computers. But if the hashing difficulty were to drop down to the same level it was at one hour after the genesis block was mined, it would become possible to mine this way. Remember, not so long ago "computer" was a job title!My point stands, it is absolutely possible to mine bitcoin with pencil and paper. However, under present conditions it is extremely improbable that you would ever solve a single block within your lifetime.
In any case, Bitcoin would be far less adversely affected than you in this hypothetical scenario.
How can the Bitcoin system realistically survive without electricity?
Good old pencil and paper + carrier pigeons. This is not realistic: https://bitcointalksearch.org/topic/mining-bitcoin-with-a-paper-and-pencil-801196
Now, let me turn that question around: How can you survive without electricity? If the world loses electricity, you wouldn't be worried about bitcoin, you'd be worried about survival.
Of course not, electricity is a fundamental part of my life. But you were the one that suggested that electricity is not needed for Bitcoin to work.
How can the Bitcoin system realistically survive without electricity?
Good old pencil and paper + carrier pigeons. It's just a puzzle. Minimal electricity means minimal computer mining, which means the difficulty would decrease dramatically on next update. Besides, even if some catastrophic solar event were to take down all the satellites and knock out some sections of the grid, it wouldn't adversely affect hydroelectric, geothermal, solar, or wind power. Absolute worst case is the network would go dormant.Now, let me turn that question around: How can you survive without electricity? If the world loses electricity, you wouldn't be worried about bitcoin, you'd be worried about survival.
This thread has nothing to do with bitcoin, which contrary to popular belief, doesn't even need the internet or computers or electricity to survive.
How can the Bitcoin system realistically survive without electricity?
I look at like this, We survived this long, why not another 1000 years or so. It does not occupy my thoughts whatsoever.
After all, what can we do to prevent it?
After all, what can we do to prevent it?
In my understanding, as long as internet is up, bitcoin will survive. If internet gets destructed, that would be more catastrophic than bitcoin's destruction.
Which isn't entirely possible (or at least very unlikely). If the internet gets destroyed, something much worse is in for us.
In my understanding, as long as internet is up, bitcoin will survive. If internet gets destructed, that would be more catastrophic than bitcoin's destruction.
This thread has nothing to do with bitcoin, which contrary to popular belief, doesn't even need the internet or computers or electricity to survive.
Would love you to explain this one further please. so electric goes tomorrow globally how do miners continue to process transactions?
The internet goes with the electricity how do we go online to make a transaction?
Computers not working because no power nor internet how does it work?
LOL!
If that scenario happened it is game over for a large percentage of the world the last thing people would try to 'imagine' in to existence is a btc transaction
What is your opinion about such an event hitting the earth?
Not relevant to my interests. Is the bitcoin network going to survive?
Yes. What about the human infrastructure?
It will be fine. The sun has an eleven year cycle of activity which we are now at the peak of, it has never been a problem before so there's little reason to worry now.This thread has nothing to do with bitcoin, which contrary to popular belief, doesn't even need the internet or computers or electricity to survive.
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