Business News | Economy, Markets, Industrials, Companies:
Apollo Caps Private-Credit Fund Withdrawals After Redemption Surge
Apollo Caps Private-Credit Fund Withdrawals After Redemption Surge
The Epoch Times
Apollo Caps Private-Credit Fund Withdrawals After Redemption Surge
The firm said withdrawals from offshore clients outpaced U.S. requests.
International News | The Epoch Times:
2 US Aircraft Carriers Remain in Middle East After Iran Memo Signed, CENTCOM Says
2 US Aircraft Carriers Remain in Middle East After Iran Memo Signed, CENTCOM Says
The Epoch Times
2 US Aircraft Carriers Remain in Middle East After Iran Memo Signed, CENTCOM Says
The military command also said that two U.S. Air Force A-10 attack airplanes were flying ‘over the Middle East during a routine patrol.’
KDnuggets:
The Math Skills Every Aspiring Data Scientist Needs to Master Before Writing a Single Line of Code
The Math Skills Every Aspiring Data Scientist Needs to Master Before Writing a Single Line of Code
KDnuggets
The Math Skills Every Aspiring Data Scientist Needs
This article breaks down each essential math discipline, explains its role in data science, and maps out an efficient learning path you can start today.
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The Bitcoin Historian
FACT: #BITCOIN HAS FALLEN BELOW THE RAINBOW CHART FOR ONLY THE SECOND TIME IN HISTORY
THE FIRST TIME WAS 2022 AT $15,500
NOW IT IS $62,000
BOTH TIMES WERE THE GREATEST BUYING OPPORTUNITIES OF THE DECADE 🔥
BUY THE DIP 🚀
PS. SMA200 & SMA300 - Zone Gerational
FACT: #BITCOIN HAS FALLEN BELOW THE RAINBOW CHART FOR ONLY THE SECOND TIME IN HISTORY
THE FIRST TIME WAS 2022 AT $15,500
NOW IT IS $62,000
BOTH TIMES WERE THE GREATEST BUYING OPPORTUNITIES OF THE DECADE 🔥
BUY THE DIP 🚀
PS. SMA200 & SMA300 - Zone Gerational
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 2/12 - By mid-2012 Bitcoin mining was an arms race. GPUs had replaced CPUs, FPGAs had replaced GPUs, and the next leap was purpose-built ASICs. Butterfly Labs was the first company to open ASIC pre-orders. On June 23, 2012, they did. They would not be first to ship.
R to @daily_btc_lore: 2/12 - By mid-2012 Bitcoin mining was an arms race. GPUs had replaced CPUs, FPGAs had replaced GPUs, and the next leap was purpose-built ASICs. Butterfly Labs was the first company to open ASIC pre-orders. On June 23, 2012, they did. They would not be first to ship.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/12 - The original lineup: the Jalapeno at 4.5 GH/s for $149, the Little Single at 30 GH/s for $649, the Single at 60 GH/s for $1,299, and the MiniRig at 1,500 GH/s for $29,899. All promised at roughly 1 watt per GH/s. BFL would later change specs and prices on all of them.
R to @daily_btc_lore: 3/12 - The original lineup: the Jalapeno at 4.5 GH/s for $149, the Little Single at 30 GH/s for $649, the Single at 60 GH/s for $1,299, and the MiniRig at 1,500 GH/s for $29,899. All promised at roughly 1 watt per GH/s. BFL would later change specs and prices on all of them.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/12 - The 1 watt per GH/s spec was what made the math work. At that efficiency the MiniRig would draw only 1,500 watts while doing 1.5 terahashes. The Jalapeno would be a near-silent desk gadget. Customers built their profitability models on those numbers.
R to @daily_btc_lore: 4/12 - The 1 watt per GH/s spec was what made the math work. At that efficiency the MiniRig would draw only 1,500 watts while doing 1.5 terahashes. The Jalapeno would be a near-silent desk gadget. Customers built their profitability models on those numbers.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/12 - The MiniRig was the headline product. At $29,899 and 1.5 TH/s it was aimed at serious miners. At 1,500 watts of power draw, the math made it look genuinely profitable. BFL claimed deliveries would begin fall 2012. Thousands of customers sent money and waited.
R to @daily_btc_lore: 5/12 - The MiniRig was the headline product. At $29,899 and 1.5 TH/s it was aimed at serious miners. At 1,500 watts of power draw, the math made it look genuinely profitable. BFL claimed deliveries would begin fall 2012. Thousands of customers sent money and waited.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/12 - Fall 2012 came and went. So did winter. Forums filled with frustrated customers. Rival ASIC maker Avalon shipped working hardware in January 2013, beating BFL to market. Each Avalon unit pushed difficulty higher, eating into the returns BFL customers had been promised.
R to @daily_btc_lore: 6/12 - Fall 2012 came and went. So did winter. Forums filled with frustrated customers. Rival ASIC maker Avalon shipped working hardware in January 2013, beating BFL to market. Each Avalon unit pushed difficulty higher, eating into the returns BFL customers had been promised.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 7/12 - BFL’s first unit went to a reviewer on April 20, 2013, ten months after pre-orders opened. The Jalapeno hashed at 5 GH/s, slightly above spec. But power draw was 30 watts, 6x higher than promised. The 1 watt per GH/s target was gone, quietly and without explanation.
R to @daily_btc_lore: 7/12 - BFL’s first unit went to a reviewer on April 20, 2013, ten months after pre-orders opened. The Jalapeno hashed at 5 GH/s, slightly above spec. But power draw was 30 watts, 6x higher than promised. The 1 watt per GH/s target was gone, quietly and without explanation.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 8/12 - BFL also changed the prices. The Jalapeno became the ‘5 GH/s Bitcoin Miner’ at $274. The Little Single became 25 GH/s at $1,249. The Single became 50 GH/s at $2,499. Customers who had ordered at original prices received revised specs at significantly higher costs.
R to @daily_btc_lore: 8/12 - BFL also changed the prices. The Jalapeno became the ‘5 GH/s Bitcoin Miner’ at $274. The Little Single became 25 GH/s at $1,249. The Single became 50 GH/s at $2,499. Customers who had ordered at original prices received revised specs at significantly higher costs.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 9/12 - The MiniRig was the worst story. Originally promised at 1,500 GH/s and 1,500W. What arrived: 500 GH/s at 2,400W. BFL’s fix was to send three units per order to reach the original hashrate. Total power: 6,900 watts. Five times less efficient than specified.
R to @daily_btc_lore: 9/12 - The MiniRig was the worst story. Originally promised at 1,500 GH/s and 1,500W. What arrived: 500 GH/s at 2,400W. BFL’s fix was to send three units per order to reach the original hashrate. Total power: 6,900 watts. Five times less efficient than specified.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 10/12 - One reviewer opened a MiniRig and documented what $22,000 bought: consumer-grade power supplies, cheap USB hubs hot-glued in, electrical tape holding components together. Some customers had ordered when Bitcoin was $6. At that price, a MiniRig cost over 4,000 BTC.
R to @daily_btc_lore: 10/12 - One reviewer opened a MiniRig and documented what $22,000 bought: consumer-grade power supplies, cheap USB hubs hot-glued in, electrical tape holding components together. Some customers had ordered when Bitcoin was $6. At that price, a MiniRig cost over 4,000 BTC.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 11/12 - Mass customer shipments came even later than the April review unit, & by then difficulty had climbed so far that units were earning a fraction of what buyers had modeled. A CoinDesk analysis found a $175 Jalapeno buyer would have mined more by just buying a GPU instead.
R to @daily_btc_lore: 11/12 - Mass customer shipments came even later than the April review unit, & by then difficulty had climbed so far that units were earning a fraction of what buyers had modeled. A CoinDesk analysis found a $175 Jalapeno buyer would have mined more by just buying a GPU instead.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 12/12 - September 2014: FTC complaint, court order, shutdown. Between $20 and $50 million in customer money, for machines that were years late, underspec, or never shipped.
Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡
R to @daily_btc_lore: 12/12 - September 2014: FTC complaint, court order, shutdown. Between $20 and $50 million in customer money, for machines that were years late, underspec, or never shipped.
Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡