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Topic: Solar flare erupted today, effects arrive on earth Thursday (Threat to Bitcoin?) (Read 1691 times)

sr. member
Activity: 294
Merit: 250
"The larger of the two coronal mass ejections (CME) will hit sometime between late Friday morning and mid-day. The first CME arrived Thursday night.

These storms may cause radio communications problems and GPS signal degradation as well as lead to some voltage irregularities in the power grids in the northern latitudes of the U.S.

But the problems "are expected to be manageable and not cause any major disruptions to power transmission," said Thomas Berger, director of the U.S. Space Weather Prediction Center. "

http://www.computerworld.com/article/2643093/strong-solar-storm-set-to-arrive-wont-fry-electronics.html
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Those eruptions happen on a rather regular basis. Sometimes some satellites really are disturbed, I believe my TV signal was a bit shaky last night, but most of the times no serious outages actually happen. It's just FUD in order to gain page impressions or sell newspapers.
DrG
legendary
Activity: 2086
Merit: 1035
It's FUD currently but yes if the Sun decides to have a bad moment of indigestion we're basically putting the Earth through a giant MRI and everything would arc and toast.  At the point I don't care about my Bitcoin but rather how many rounds and water bottles I have.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
It may be FUD this time around, who's to say it will be as well next time? Our electronics are not shielded if a Super X-class hit(>=x40) and be directly aimed at us like this one, I read that transformers, not connected, just stored somewhere would literally melt/be destroyed. Let alone those connected to power grids. Mega EMP right there.
full member
Activity: 225
Merit: 100
It's pure FUD. Even if you imagine that it's real, bitcoin would be the last thing to worry about.
legendary
Activity: 2660
Merit: 1074
"It's still unclear whether and to what extent the flare will affect power grids, satellites, or radio transmissions on Earth. But whether it wreaks havoc or not, it will be stunning to behold."

http://www.businessinsider.com/how-to-watch-extreme-solar-flare-2014-9#ixzz3CyiEb4T0"


What do you think about this?


Nothing will happens.

But now I know why it is too hot these days
sr. member
Activity: 308
Merit: 250
What do you think about this?

FUD.

Unless it is going to completely destroy the entire internet across the entire world in such a way that the world can't recover, it isn't a threat to bitcoin.

If it does damage the entire world wide internet in that way, then we've got MUCH bigger problems to worry about than bitcoin.
I agree. This kind of activity is not something that would affect bitcoin only. Since bitcoin is decentralized the only thing that could cause damage to bitcoin would be the inability to communicate throughout the world.
hero member
Activity: 899
Merit: 1002
Prob unrelated but my entire telecom network is down all day today (and still down). Though they are pretty incompetent so it could just be their normal clownery that caused the blackout and not that jerk, the Sun. This would be from Monday's CME since effects from yesterday's should hit tomorrow.

Universe is constantly playing havok on our shitty hardware, like when we had to come up with ECC memory to deal with cosmic rays flipping DRAM to the opposite state.
legendary
Activity: 2912
Merit: 1309
The only Way bitcoin will survive is, we need to print out the blockchain.
Best to print out on rock plates not only paper. 

In serious. There are often such sun eruptions. Also I heard that there is always a part of the earth away from the sun Smiley
legendary
Activity: 1372
Merit: 1014
It will knock out the SWIFT network (and ATMs and other banking networks) before it knocks out the Bitcoin network

In fact a major flare event could prove Bitcoins resilience and help it grow.
hero member
Activity: 756
Merit: 500
hero member
Activity: 798
Merit: 1000
The sun burped. If it knocks out my satellite TV, I won't miss it all that much. I have a feeling this whole thing is going to blow over.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
I think the threat is possible but not very likely.  Even if it did happen the outcome of such an event could be much worse then just losing Bitcoin.  This is just one of those things that I feel is out of my hands, so I feel all I can do is make myself aware and prepare.
sr. member
Activity: 308
Merit: 250
End of the world....but bitcoin will survive and bots will trade with each other.

Hahaha, yes that is very possible Tongue

sr. member
Activity: 406
Merit: 250
Unless this recent solar flare is capable of knocking the internet out beyond repair and causing a lot of major problems then I do not personally see how it can affect bitcoin in a big way. Even if this solar flare was to cause major problems that we may not be able to come back from I would think bitcoins would be the least of our worries. The most that may happen is a small internet outage meaning we would be unable to do anything involving bitcoins while the internet was down.
hero member
Activity: 603
Merit: 500
Good thing our ozone layer went up 4% then.
hero member
Activity: 574
Merit: 500
I hope it does not burn my paper wallets in the safe in my house.

When the system come up again, I will put it back online. Some of it any ways. ^joke^
LOL. If your paper wallets are burnt, the entire earth may be burnt down. No electricity and internet exist. You still care about your paper wallet.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
I hope it does not burn my paper wallets in the safe in my house.

When the system come up again, I will put it back online. Some of it any ways. ^joke^
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
End of the world....but bitcoin will survive and bots will trade with each other.
legendary
Activity: 1449
Merit: 1001
It is very small, but possible can make some nice auroras (not the coin......)

Edit: Just saw it's a x1.6  - not so small but still no real serious damage expected.

https://www.youtube.com/watch?v=nWhvOpJBXZA
https://www.youtube.com/watch?v=fXZTwXt19wU
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