Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5004.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: estenity on July 31, 2021, 06:39:15 PM

OK there are politics.
however your question was:
Why isn't the Chinese vaccine approved for use in the US or the EU when the WHO has approved it?

Tentative answer: because China owns the WHO?
Yes, politics. Politics everywhere.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: strawbs on August 01, 2021, 05:31:11 PM

Mini bear market
comes stuttering to an end.
Stock-to-flow is back.

Fastest man on earth:
Italian stallion
No appendage drag.

#SundayHaiku

+1 WOsMerit

I merited too many haikus today... all legendaries BTW. My bad!

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Toxic2040

legendary

Activity: 1834

Merit: 4197

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Toxic2040

legendary

Activity: 1834

Merit: 4197

the Sunday wall report

its a bleeping squirrel..i dont know what else to say...

longer time frame technicals continue towards a more bullish bias with August opening near $41.5k
Heavy volatility saw the price rocket to a new local HH at $42.6k before dipping to $39.4k and closing the day at $39.8k
D

again..long frames look generally positive into Q3-Q4 as this recovery continues to establish itself #dyor
W

#stronghands

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

TETHER RRWEEEEEEEEEEEE

Toxic2040

legendary

Activity: 1834

Merit: 4197

Biodom

legendary

Activity: 3892

Merit: 4331

This is volatile tonight Undecided

I was actually expecting it after all that FUD.
Who is the 'barting' party?

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: nelson4lov on August 01, 2021, 04:48:39 PM

......

Btw, this is the first time I'm hearing about Darvaza and I've read about it plus watching a video too. Fascinating stuff!

On a related note, the coal mine in the abandoned ghost town of Centralia, Pennsylvania has been burning continuously since 1962.

https://www.youtube.com/watch?v=WdohJS9HfN0

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

strawbs

legendary

Activity: 874

Merit: 1357

Mini bear market
comes stuttering to an end.
Stock-to-flow is back.

Fastest man on earth:
Italian stallion
No appendage drag.

#SundayHaiku

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Quote from: STT on August 01, 2021, 04:31:13 PM

~Snipped

Yet, it's only the energy that is used for mining bitcoins that is being seen as a bad thing not just to Elon Musk but to non-bitcoin enthusiasts. It's ironic to think people talk about Bitcoin energy consumption all the time when manufacturing industries have been consuming countless energies and even polluting the planet while at it and no one seems to be doing anything other than fud Bitcoin. Most of these wasted energy would go a long way if used for bitcoin mining operations but not everyone would agree.

Btw, this is the first time I'm hearing about Darvaza and I've read about it plus watching a video too. Fascinating stuff!

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: STT on August 01, 2021, 04:31:13 PM

Theres wasted energy like that all over the world, we're talking about efficiency and somehow in an ironic way BTC can help with that because it uses electricity locally and doesnt require the problems of high voltage wiring infrastructure which costs millions to assemble separately. Giant amounts of thermal energy in Iceland, Japanese islands probably the whole ring of fire area has that possibility in remote places and many other instances. I know Iceland uses energy up with aluminum smelting and recycling which is efficient to do but I imagine BTC is far more easily deployed and flexible.

https://www.smithsonianmag.com/travel/giant-hole-ground-has-been-fire-more-40-years-180951247/

Quote

Unlike oil, which can be stored in tanks indefinitely after drilling, natural gas needs to be immediately processed—if there's an excess of natural gas that can't be piped to a processing facility, drillers often burn the natural gas to get rid of it. It's a process called "flaring," and it wastes almost a million dollars of worth of natural gas each day in North Dakota alone.

... precisely. I can envisage bitcoin mining of stranded energy resources becoming something of 'gold' rush prospecting for stranded energy resources around the whole planet as the on-going energy is almost zero cost after infrastructure set-up. If the infrastructure is nimble, modular and portable they can develop out a resource and then it may happen that the resource then attracts other developments, towns, other energy intensive industries, e.g. aluminium or hydrogen production. At which point bitcoin mining may have to move on to the next cheapest resource location, i.e. bitcoin prospectors ... much like how gold prospectors opened up many areas of the planet to civilisation.

STT

legendary

Activity: 4102

Merit: 1454

Theres wasted energy like that all over the world, we're talking about efficiency and somehow in an ironic way BTC can help with that because it uses electricity locally and doesnt require the problems of high voltage wiring infrastructure which costs millions to assemble separately. Giant amounts of thermal energy in Iceland, Japanese islands probably the whole ring of fire area has that possibility in remote places and many other instances. I know Iceland uses energy up with aluminum smelting and recycling which is efficient to do but I imagine BTC is far more easily deployed and flexible.

https://www.smithsonianmag.com/travel/giant-hole-ground-has-been-fire-more-40-years-180951247/

Quote

Unlike oil, which can be stored in tanks indefinitely after drilling, natural gas needs to be immediately processed—if there's an excess of natural gas that can't be piped to a processing facility, drillers often burn the natural gas to get rid of it. It's a process called "flaring," and it wastes almost a million dollars of worth of natural gas each day in North Dakota alone.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Good day Bitcoinland.
Four one one five eight dollars
(Bitcoinaverage).

I missed this morning
Was at the SkyDome today.
Blue Jays swept Royals.

Shutout from new guy
A good satisfying win.
Love the Bitcoin life.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: suchmoon on August 01, 2021, 04:02:41 PM

Quote from: Richy_T on August 01, 2021, 02:46:27 PM

Quote from: xhomerx10 on August 01, 2021, 01:45:01 PM

Nice! At least all that flare gas burning isn't for nothing. Does this mean Bitcoin becomes the new petro-dollar?

That would be interesting. Stick a bunch of gas powered generators on top and mine with the generated power.

If generating electricity this way is profitable for mining, it stands to reason that it would be even more profitable to use the generated electricity for pretty much anything else. Mining is barely profitable even with cheapest power and requires huge investments and complicated maintenance.

... except you've missed the whole point of the exercise, that flare gas is in many situations a stranded energy source, i.e. it doesnt' have large, expensive electricity lines nearby to pipe the generated power out with ... whereas bitcoin only needs an internet connection, perhaps only a satellite connection is adequate

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