mononaut

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mononaut

mononaut

@mononautical

developer, spacefaring primate, international treasure hunter. building for Bitcoin at @BitfeedLive and @mempool Find me on Nostr at [email protected]

NGC 2174 Katılım Nisan 2021
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mononaut
mononaut@mononautical·
why don’t they simply print more oil?
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mononaut
mononaut@mononautical·
NINE HUNDRED AND FORTY THOUSAND UNSTOPPABLE VERIFIABLY IMMUTABLE CENSORSHIP-RESISTANT DECENTRALIZED BLOCKS
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mononaut
mononaut@mononautical·
DATUM miner "Peak Mining" just hit two blocks in a row 👀 they've managed this feat twice before, with blocks 926564-5 and 920333-4
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MⒶrtin HⒶboⓋštiak [BEFORE! Jan/3➞₿🔑∎, LNP/BP]
Oooops, my contiguous image file got misinterpreted as a transaction WITHOUT OP_RETURN by the Bitcoin network and now it's forever contiguously stored in the chain! knotslies.com (BTW, I only logged in to post this don't expect me to use X again anytime soon.)
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mononaut
mononaut@mononautical·
@rodarmor how could you let this happen casey?
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Casey
Casey@rodarmor·
@mononautical every time the mempool is empty i feel a personal sense of failure
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mononaut
mononaut@mononautical·
@baclfoo ah but f2pool has a higher min fee, so they've been mining partial blocks long before the mempool was empty
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mononaut
mononaut@mononautical·
mempool's empty yo
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mononaut
mononaut@mononautical·
@baclfoo we've emptied several times over the last day or so, that was just the most striking screenshot
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mononaut
mononaut@mononautical·
▲ 14.73% to 144.4T Bitcoin mining just got ~15% harder, with the largest ever increase in absolute difficulty, completely erasing last epoch's huge downwards adjustment.
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mononaut
mononaut@mononautical·
less than two blocks worth of unconfirmed transactions remain, with an average of only 8.7 minutes between blocks - will the mempool clear?
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mononaut
mononaut@mononautical·
blocks are coming thick and fast, which means the mempool size is down only
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orangesurf
orangesurf@OrangeSurfBTC·
There's been lots of debate about Core v30 removing the OP_RETURN size/count policy defaults, so I ran the numbers for the latest @mempool research report linked at the end. A thread 🧵 👇
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mononaut
mononaut@mononautical·
this decline was largely driven by weather-related mining curtailment towards the end of January, with implied hashrates showing signs of recovery later in the epoch
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mononaut
mononaut@mononautical·
Bitcoin just experienced an 11.16% drop in difficulty - the largest negative adjustment since the July 2021 china mining ban crash, and the 10th largest negative % adjustment of all time.
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mononaut@mononautical

▼ 11.16% to 125.86T

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mononaut
mononaut@mononautical·
▼ 11.16% to 125.86T
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Mechanic #BIP-110
Mechanic #BIP-110@GrassFedBitcoin·
A lot of people don't seem to understand a fundamental of how mining works. So I'll ask: If every miner on the network turned off right now, and you alone carried on, would you start finding blocks more quickly? (Difficulty remains unchanged).
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