How to make this problem even worse: make all the banks in the street use the same datacenters, namely either AWS or Azure.
Overheating datacenter stopped 2.5M bank transactions
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Re: Overheating datacenter stopped 2.5M bank transactions
#32Earlier quoted context omitted.
Worse, Lightning won't let you send pennies, so you have to send 10,000,000 transactions of 0.0000000001 BTC - each transaction consuming the equivalent energy of a big lightning bolt the size of a small lightning bolt (hence the name).
What the heck are you talking about? None of what you just said makes any sense.
Pennies need converted to BTC first, which means many more transactions, which means that Lightning destroys the planet even faster than BTC. It's simple math.
BTC has been consuming all of the planets energy since at least 2020[1]. This increased transaction rate of Lightning just means that BTC will soon be consuming over twice the total energy produced by humanity, which is unsustainable.
Of course, people who don't understand the scientificness of this all are still defending bitcoin as if we don't already have enough payment apps.
[1] https://www.weforum.org/agenda/2017/12/bitcoin-consume-more-power-than-world-2020/Re: Overheating datacenter stopped 2.5M bank transactions
#33Crypto does not overheat.
Re: Overheating datacenter stopped 2.5M bank transactions
#34Earlier quoted context omitted.
I've run equipment in dc's in multiple places in the US, Germany, and Singapore. By far, the most expensive was Singapore.
Is it because it costs the operator a lot to run one or because they can charge a lot? (I guess over time those should converge, but sometimes takes a while or doesn’t)
All of the above. Space/Power/Staff is just more expensive there. We also had a lot of trouble because a couple of our Dell servers had issues and it took some time to figure out how to get them repaired. There was just a lack of urgency there too.
Re: Overheating datacenter stopped 2.5M bank transactions
#35Earlier quoted context omitted.
Except that those transactions don't count until they get on the main chain and no one needs to send 1000 transactions of single penny, then have the exact same problems as everyone else when trying to get that to actually be usable.
> those transactions don't count They don't? Then surely you wouldn't mind sending me a few bitcoins over a lightning channel? Pretty please? > no one needs to send 1000 transactions of single penny There is no such "single penny" limit. > then have the exact same problems as everyone else What problems?
I actually said:
Except that those transactions don't count until they get on the main chain
While you quoted me as:
> those transactions don't count
You lost some of my message. Maybe your are reading it through a lightning node and it went offline half way through.
There is no such "single penny" limit.
No one said that, but lightning's examples are always these nonsense situations of paying a single party a thousand times.
What problems?
A transaction rate that could fit over the bandwidth of a 28.8 modem.
If you have to misquote people to make your point, maybe you're on the wrong side of the argument.
Re: Overheating datacenter stopped 2.5M bank transactions
#36Seems like more testing is in order: > Upon the outage, both banks immediately activated IT disaster recovery and business continuity plans. > "However," according to Tan, "both banks encountered technical issues which prevented them from fully recovering their affected systems at their respective backup datacenters – DBS due to a network misconfiguration and Citibank due to connectivity issues." Perhaps regularly fl…
> Perhaps regularly flipping between them on a regular basis [...] is worth considering.
True. But getting the PHB's at a bank (and perhaps the banking regulators) to sign off on doing that...could prove to be a non-trivial task.
Re: Overheating datacenter stopped 2.5M bank transactions
#37Blaming contractors/subcontractors is so hot right now. Cloudflare. Equinix. No accountability.
Does this surprise you? What is a corporation if not a legal entity designed to launder responsibility? Have a problem with a service and you find out the company you bought from subcontracts to an LLC you've never heard of which in turn subcontracts to four other LLCs one of which is actually liable but only if you can figure out which one, and oh by the way yours has two employees and it's headquarters is a UPS Sto…
> What is a corporation if not a legal entity designed to launder responsibility?
Corporations (and other legal entities used for business) are legal fictions that allow people to pool capital for productive endeavors and yes, with limited liability on the parts of the owners, because we as a society decided that encouraging productive endeavors this way is better than the alternative.
In a world with no limited liability, you could happily wring the owner's neck if they screwed up, but I'd imagine society as a whole would be a lot poorer off, because very few people would take that risk to engage in productive endeavors.
> Have a problem with a service and you find out the company you bought from subcontracts to an LLC you've never heard of which in turn subcontracts to four other LLCs one of which is actually liable
It doesn't matter, because the company you actually paid money to is the one that's responsible to you.
Re: Overheating datacenter stopped 2.5M bank transactions
#38Blaming contractors/subcontractors is so hot right now. Cloudflare. Equinix. No accountability.
Considering how every vendor has been shoving cloud, serverless, and anything-but-on-premise solutions down everyone's throat for the better part of the century so far, does that really surprise you?
It's shitty landlord syndrome all over again. Tenants should have the right to complain and wave their sharpened pitchforks at them.
Re: Overheating datacenter stopped 2.5M bank transactions
#39> Question: Anything else besides multicultural tolerance that enabled Singapore's success? > Answer: Air conditioning. Air conditioning was a most important invention for us, perhaps one of the signal inventions of history. It changed the nature of civilization by making development possible in the tropics. https://www.vox.com/2015/3/23/8278085/singapore-lee-kuan-yew...
I'd believe it. Ever try doing desk work in a hot room? I get discomfort from sweating quickly.
Re: Overheating datacenter stopped 2.5M bank transactions
#40Blaming contractors/subcontractors is so hot right now. Cloudflare. Equinix. No accountability.
Considering how every vendor has been shoving cloud, serverless, and anything-but-on-premise solutions down everyone's throat for the better part of the century so far, does that really surprise you? It's shitty landlord syndrome all over again. Tenants should have the right to complain and wave their sharpened pitchforks at them.
you get what you pay for, these companies have been racing to the bottom for years, trying to save that extra penny because IT is considered a cost center and always has been. In addition moving to the cloud is just a way to shrug off responsibility, it's not our fault it's AWS.....actually it is your fault because you were trying trying to save money and you handed off your business to the lowest priced contractor and now are surprised that the contractor doesn't care about your business nearly as much as you do.