Nemo Semret
@nemozen
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Co-founder/CEO @QRB_Labs. Formerly: co-founder/CTO @GroIntel ; founder Contributor by Google; Search & AdX @Google ; co-founder/CEO https://t.co/R1xZIEUiwa
non sum uni angulo natus
Joined April 2007
Does #Bitcoin use too much energy? Is it bad for the environment? What happens to mining when the price of #BTC changes? When hardware changes? . All you ever wanted to know about the dynamics of #Bitcoin mining but never dared ask:.
arxiv.org
What happens to mining when the Bitcoin price changes, when there are mining supply shocks, the price of energy changes, or hardware technology evolves? We give precise answers based on the...
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Derivation, data and other charts here.
github.com
Contribute to nemozen/qrb development by creating an account on GitHub.
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Mining exhibits almost perfect textbook competition, as always.
Mining revenue (aka hash price) vs energy cost. Textbook competition!. Updated with latest ASICs -- old version below. Still as competitive as ever!. (year ago version below )
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RT @AfroBitcoinOrg: We are excited to announce that Nemo Semret will be one of the speakers at the Africa Bitcoin Conference Diaspora in Bo….
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@grok As for the much longer term issue of allocation of future consumptive uses, there is a fair and efficient solution. Here is my modest proposal on that.
nemozen.semret.org
Nemo Semret's blog
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On the funding question, I think @grok's summary is pretty accurate.But again, regardless of the funding the main immediate point is that it doesn't reduce water availability downstream.
@JekapOmod @RenaissanceDam The Grand Ethiopian Renaissance Dam (GERD) was primarily funded and built by Ethiopia through domestic bonds and public contributions, with no major foreign government financing the dam itself. Construction involved Italian firm Salini Impregilo as the main contractor, French.
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Trump's claims the US funded the #GERD has Ethiopians indignant since it was financed internally. But the more damaging part is his repeating the claim that it reduces water flow to Egypt. Not true! It is actually positive for Egypt and Sudan.
Trump keeps repeating that the U.S. funded the Renaissance Dam. Why?. Because in his mind:.“We paid, so we own it. I’ll negotiate on Ethiopia’s behalf, hand Egypt the Nile, and get Gaza deportations in return.”. Sad truth? Ethiopia’s Foreign Ministry is silent. Oh wait—right. It
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RT @nemozen: @SGBarbour @chamath Marginal cost of compute is not going to zero. There's a physical lower bound on energy/computation. For B….
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Bitcoin mining helps energy producers monetize currently stranded energy, immediate found revenue. But the deeper impact is that it can become a catalyst accelerating generation → transmission → distribution growth cycle.
bitcoinmagazine.com
The most beneficial aspect of bitcoin mining is the most important for electric utilities, and the most overlooked.
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Central planners regard themselves as smarter and more farseeing than they really are, and think their subjects are more stupid and incompetent than they really are. -- paraphrasing James C. Scott
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LLM fun. What comes after አቡጊዳ. ? Completion of the abugida sequence.
nemozen.semret.org
Nemo Semret's blog
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Probably good to start paying attention to this.
1/ What is Q-Day? “Q-Day” is the point at which a fault-tolerant quantum computer can solve the integer-factorisation or discrete-logarithm problems fast enough to defeat the public-key schemes we use today. After that date, RSA, ECDSA (what Bitcoin uses), and similar keys can be.
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This is directionally correct, mining is a ruthless game where only the fittest survive. But @saifedean 's poll is not representative, my guess is closer to 50-50, than to 80-20 lose-win.
Mining bitcoin is a losing game!. 1653 people answered this poll's question, 22% of them made more money by mining, while 78% lost money. Only 1 of 5 miners is profitable compared to just holding bitcoin! By contrast, as we hit another all time high bitcoin price today, every.
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Most powerful event ever observed? 🤯.
The first direct observation of gravitational waves captured the merging of two black holes which emitted 36 septillion yottawatts of power (3.6×10⁴⁹ watts), greater than the combined power of all light radiated by all the stars in the observable universe. [🎞️ SXS simulation]
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Bravo @better_auth for hitting 100k downloads/week 🚀.
In just 5 months @better_auth has grown from 0 to 100k weekly downloads, all the more impressive considering the founders pulled it off in Ethiopia with no connection to the SV ecosystem. I'm so impressed with this team.
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RT @HashrateUp: Grid-Balancing through #Bitcoin and Supply and Demand ⚡. @nemozen , @qrb_labs . Full video: https:/….
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