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Dennishp
Last reply · posted in Over the Air Television By RabbitEars.Info

Rick0725 - last question.

You've answered my posts under the thread "Pre-amp or not" regarding antenna size, etc....and my particular situation with dish and hi power lines. Before I ordered the Wingard HD7080..I thought I'd better check and make sure my placement wouldn't interfer with the dishes on my roof (learned from experience to always measure twice and cut once). I put a 90" PVC pipe on the mast an set it where I was hoping to mount the mast and antenna, and sure enough...I was right into the dishes...I'd have to raise the mast an additonal 1 1/2 feet to put the antenna beam over the dishes...but I'm now concerned with running a two piece 15 foot "free standing" antenna mast with a 90" antenna on top. It can get pretty windy down here in SW Florida.

So...I am going with your original Antenna suggestion of the HD 7082 w/ HDP 269 and mounting it on a mast that I can tie into my house roof fasica. With this layout I will have to increase my cable run but approx 25 feet and use a female to female connecter to tie the extra 25 feet of RG 6 into the original 100 feet. I'll run the cable on top of my gutter to the new antenna postion.

Sound okay so far?

My question is..will the Wingard HDP 269 preamp and the HD-7082 be enough to compensate for my cable run of 125 feet RG6 outside and an additonal 100+ feet of RG6 cable loops in the house?

Since my cable run is grounded at the cable box outside (thank you Comcast)...I'm assuming I'll only have to run a ground wire from the antenna to a copper rod down the antenna mast to have everything safe and sound....true?

Have I missed anything?

Thanks in advance for your help
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Tower Guy
Dennishp said:
My question is..will the Wingard HDP 269 preamp and the HD-7082 be enough to compensate for my cable run of 125 feet RG6 outside and an additonal 100+ feet of RG6 cable loops in the house?

Thanks in advance for your help
Click to expand...

RG6 has 2.8 db loss per 100' at 200 mhz (channel 10) and 5.5 db loss per 100' at 700 mhz (channel 52). Your total loss will be about on channel 10 will be about 3.5 db and 6.9 db on channel 52. The gain of the HDP-269 is about 12 db. The performance on channel 13 and lower would be ideal. The performance on channel 52 would be degraded by about 1 db. I would not worry about 1 db unless you happen to have pixelation on the highest UHF channels.
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Dennishp
My channel frequency assignments are 9 (CBS),15,33,35,41,45.
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Dennishp
I am starting to believe that Antenna Installation is an esoteric art rather than a science. The more I read, the more confused I become...lol

Here's a little more information regarding my area as reference information.

My neighbor (who lives two houses to the East of me on the same side of the street, and I finally had a chance to talk to regarding his new antenna) has a Winegard 7080 on a 20 foot tower with a short run of cable (20-25 feet) from his antenna to the cable box grounding block. He has no preamp on the antenna but is using a Radio Shack line amp (with the adjustment dial to raise db gain from 10-30db as needed). He says he pulls all the Digital stations in with a signal strength in the low to high 90's...except for channel 33 (PBS which is a bit off axis from the other transmission towers which he draws in at the high 70's-low 80's).
The one thing that struck me as odd about his line amp set up is that our RS only sells an adjustable inside amp as a part of a preamp/amp set up ($59.95) Which is what he said he paid for it). I'm thinking my neighbor did not install the Amp on the antenna but is just using the inside portion in his set up.

I submit the following reasoning, assuming all things being equal (that's a pretty big assumption in the area of antennas as I'm beginning to learn). if I purchase the larger Wingard antenna HD-7082, which should clearly out perform his HD-7080...my signals at the cable grounding block should be similar to his signals at the grounding block after factoring in some signal loss due to my longer cable run. My bigger antenna vs. his shorter cable (almost like the sound of that). (To me this seems logical) Yes? No?

Our homes are similar as they have the same cable loops which he is using to feed his TV's and receivers. He added a RS line amp to boost the signals entering his house to feed his TV's and HD receivers.

If I add a pre-amp such as the HDP 269 to my antenna, It should perform as well as or better than his RS adjustable line amp (assuming it's working like it's supposed to in his house). Yes? No?

Is my logic flawed?

At this point in time, I know I'm buying the HD-7082 and just purchased a 30" telescoping tower on which to mount it. I also know that I will replace my current 100 feet of quad shielded low loss RG6 with a straight run 125 feet of good RG6. Put it up, and see how it performs.....
Beyond that, I'm guessing I'll try the RS adjustable pre-amp/ amp set up which I will install as intended by the manufacturer and allow me to see how much a 10 db boost gives me and then increase it a bit at time until I get the best signal strength...if I get over amplification any where below half power, I'll return it and get the Winegard HDP 269 as I'm sure it will perform better than the RS.

That sound sane and reasonable? We have absolutely no antenna installers down here.....all are Dish or Direct TV guys, and no one knows anything about OTA antennas or installing them. Makes you feel like a voice in the wilderness..thank heavens there are internet forums like this.
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texasbrit
Rick, that is a great post!

Let me add a couple of things:
Rick is assuming - and I completely agree - that you start with a visit to www.antennaweb.org
where you can enter your address and get a list of channels you might be able to receive. Antennaweb is not perfect! You may not get all your digital stations listed. Go through the list of stations that antennaweb gives you. If a station has the suffix -DT that's a digital station. If you see non-digital stations without a digital equivalent (for example WFAA) , you need to find the channel allocation for the corresponding digital station (WFAA-DT). You can usually find this by googling WFAA-DT, going to the analog station's web site or by going to the FCC's web site. One warning. Some of the stations have elected to move back to their VHF channel, or to a different UHF channel, after the transition to digital is complete. The FCC web site has a list of these "elections".
When you have completed your list of stations by adding the "missing" ones and correcting the channel numbers for any "elections", you
need to decide if you want to get the analog stations as well as the digitals, between now and the shut-off of analog stations in 1999.
Why might you want the analog channels? If you have TVs in the house with only analog capability and you want them to get OTA channels....
Why do you need to make that decision? Because several of the analog channels maybe on VHF; it's likely that your digital channels will all be on UHF (or maybe hi-band VHF) and antennas for UHF (some of which perform well at hi-band VHF also) are significantly smaller than the VHF/UHF combos you need for distant reception. Life is much easier in general if you don't have to deal with lo-band VHF stations.
So now you have a list of stations you want to receive, with their corresponding ratings from antennaweb (where available). Now you can use Rick's post to help you find the correct antenna.
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texasbrit
One thing to add. Although your particular situation can be completely different from your neighbor, it can be useful to see what other people in your area are doing, and what may be going on with your local stations as regards channel allocations, power levels and so on. If you go to http://www.avsforum.com/avs-vb/forumdisplay.php?f=45 you will find posts arranged by geography (by DMA I think) so you can easily see HD reception information of local interest.
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osu1991
osu1991
Pub Member / Supporter
Last reply · posted in The Chit Chat Club

USA Healthcare Costs are Ridiculous

:mad::mad::mad::mad:

Pissed off at the crappy healthcare costs

My health Insurance renewal for 2027 just came in. Going from $827 a month to $1,187 a month. Deductible going up a $1k to $9,350. Max out of pocket also going up $1k to $11,000. Doctor co-pay of $40. Urgent Care co-pay $50. ER 50% coinsurance after deductible. That's all in network. Out of network is double, should it be needed.

Have to think about this. I'm really tempted to just go without now. I only go to the doctor once or twice a year. I pay out of pocket for Tirzepitide and can do without the Rosuvastatin (crestor) now. Really tired of spending over $10k a year and getting nothing out of it.

After years with Blue Cross I switched last year to Ambetter as my Blue Cross premium was going from $1200 to $1800 for a Silver plan and the Bronze plan was still going to be $1300 at BCBS. Ambetter was $827 for the same coverage with a Bronze plan. Didn't think it would jump this much so soon.

I'm guessing a Silver plan is probably over $2,000 a month for 2027.
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osu1991
osu1991
Such a scam. Healthcare.gov shows me cheaper individual plans available for 2027 from ambetter that ambetter doesn't show on their website. Looked it up. I've spent $68,000 in premiums the last 5 years and got nothing out of it except a few doctors visits and labs. 😡
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dishstaller
dishstaller
osu1991 said:
I've spent $68,000 in premiums the last 5 years
Click to expand...
That's why I cancelled ours and just started saving the money. We're about to do the same thing with our home insurance.....not cancel it outright but do away with the portion which covers wind damage. We're paying over $5k right now and that is AFTER I dumbed things down...and it keeps going up. Got a couple trees I want to have taken down first before I do that however. After we do that, it will knock about $3k off our annual premium.
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WhiteBeard
WhiteBeard
dishstaller said:
That's why I cancelled ours and just started saving the money. We're about to do the same thing with our home insurance.....not cancel it outright but do away with the portion which covers wind damage. We're paying over $5k right now and that is AFTER I dumbed things down...and it keeps going up. Got a couple trees I want to have taken down first before I do that however. After we do that, it will knock about $3k off our annual premium.
Click to expand...
Our home and auto insurance has been stable so I'll continue with it but I'm going to have see what I can do about medical insurance. The biggest impact would be an ER visit.
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b4pjoe
b4pjoe
My wife and I use the same Medicare Advantage plan from United Healthcare. (Yes I have heard the horror stories about Medicare Advantage plans but we have used it for the last 5 years). We are both pretty healthy so it works for us. It costs $0.00 per month for both of us and it pays part of our Medicare part B premium. Next year it will be paying $170 per month of the $220 monthly part B premium for both of us. We also each get $90 per quarter to use on OTC products. $0.00 copay for Dr. visits and $55 copay for specialists. Includes dental and hearing coverage. Never have had an issue with it although I don't really use mine other than for the dental, Part B payments and the OTC benefit as I am a veteran and use the VA for all of my medical needs. I just had a kidney that had a cancer mass removed last month and they allowed me to use a non VA surgeon at a non VA hospital through the VA Community Care program. For all of the doctors visits, exams, tests, surgery, hospital stay, meds etc…was around $60,000 and the the VA paid for it entirely. I did have to pay $16 for the Oxycodone pain pills when I left the hospital that I got from my local CVS instead of waiting for a week for the VA to ship them to me from the VA pharmacy.
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meStevo
meStevo
They're pushing our high deductible plan pretty hard at work, including a couple thousand to seed a HSA. Covering my wife and 4 kids though that feels like a mistake and I'd rather the peace of mind and the potential higher cost via the PPO plan payroll deductions.
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dishstaller
dishstaller
b4pjoe said:
$0.00 copay for Dr. visits
Click to expand...
And THAT is one of the big issues causing a lot of the problems. If the minimum copay for Dr. visits was at least $100 then a LOT of folks would opt out of those visits. If it cost the individual nothing then why should they care. All of my older family members are constantly going to doctor visits.....to them it is an adventure.....an outing that allows them a reason to go out to eat at a restaurant. IF they had to pay one cent out of their own pockets a lot of that crap would stop asap.

Sorry...rant off.
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meStevo
meStevo
dishstaller said:
And THAT is one of the big issues causing a lot of the problems. If the minimum copay for Dr. visits was at least $100 then a LOT of folks would opt out of those visits. If it cost the individual nothing then why should they care. All of my older family members are constantly going to doctor visits.....to them it is an adventure.....an outing that allows them a reason to go out to eat at a restaurant. IF they had to pay one cent out of their own pockets a lot of that crap would stop asap.

Sorry...rant off.
Click to expand...

You're not wrong that some people treat free visits like a social outing. But it has to be a balance. Put a $100 barrier on a doctor visit and people don't just skip the pointless ones, they skip the important ones too. Then the stuff that would've been a cheap catch at a checkup shows up later in the ER, sicker and way more expensive. The shift we need is from sick care to actual healthcare.
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Scott Greczkowski
Scott Greczkowski
Staff member HERE TO HELP YOU! Cutting Edge
Last reply · posted in The Chit Chat Club

Song Name Game Part 3!

Sometimes a thread gets so many posts in it that is can cause issues for the server so that why today we introduce The Song Name Game Part 3!

So let the game continue!

The last song was added by Bobby who posted...

One Meat Ball - Andrews Sisters

CONTINUE ON AND HAVE FUN! WELCOME HOME TO SATELLITEGUYS.US!

Here are the original rules for the game as posted by WebbyDude back in 2006. http://www.satelliteguys.us/threads/68645-Song-Name-Game

Just name a song title and the band who performed it. The next person does the same thing, but needs to list a song title or band name which includes a word from the previous entry. Pick songs from any genre.

Example:

Long Live Rock and Roll -- Rainbow

Rainbow in the Dark -- Dio

Another example:

Ride the Lightning -- Metallica

Lightning Strikes -- Ozzy Osbourne


Get it?


An additional note: we all know that song titles, sometimes, use profane words. Because this is a family friendly website it is advised that you clean up that title up a bit. This is accomplished by using something like sh!t instead of the real word. Thanks....
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freddylq
freddylq
Heartbeat City - The Cars
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long_time_Dish
long_time_Dish
You Belong To The City - Glenn Frey
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JJinVista
long_time_Dish said:
You Belong To The City - Glenn Frey
Click to expand...
Fool for The City - Foghat
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long_time_Dish
Hot Child In The City - Nick Gilder
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dishstaller
dishstaller
In The Wee Small Hours of the Morning - Carly Simon
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M
MorCowbell
Last reply · posted in DISH Network Support Forum

Saved OTA list on Dish can't be appended

I have Dish with Hopper3. I choose to get local channels OTA and had a "guide list" established at my previous home. Having moved a few miles away, I wanted to update the list by appending a couple new stations via a rescan. As many would know, some stations come in with the UHF/VHF antenna aimed in one direction, while others come in better with a different direction.

Unfortunately, when a scan is done (bringing in 25-30 stations for that particular antenna aim), the dialog screen does not present the established guide list; it presents an empty field to the right that the scanned stations may be selected one by one and added to the empty guide. But because of antenna aim, some stations originally saved are missing, and would have to be retrieved with a different antenna aim. But as I explain, if a 2nd​ scan is done with a different antenna aim, the stations saved from the first scan are lost.

It troubles me that Dish didn't develop software that would allow a user to simply append only 1 or 2 channels to the established list. :mad:

Any thought on this? Has anyone experienced this or heard of this from others?
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dishstaller
dishstaller
I hear complaints from customers each and every day. I chose not to install OTAs with a doggle for a reason.

BTW, I like your user name


View: https://www.youtube.com/shorts/MXNU6pQFkok
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reubenray
Last reply · posted in Computers and Gadgets

New Laptop?

After having continuing trouble with my eight+ year old Dell Inspiron laptop I am looking to hopefully catch a good deal on new one. My options to buy is Costco and Sam's Club. It seems like a lot of new laptops are 2 in 1 which I do not need. I use the laptop to mainly surf the web and keep up with my finances, money and bills. I would like to have at least a 15" screen and having a touchscreen is a plus. The keyboard would need to lighted also. I don't game any. It would have to be Windows instead of and not Mac. The brands I see the most are Asus, Dell and HP. My two last laptops has been Dell's. Of these brands are there any standouts over the other brands. My budget (hopefully) is $600+-. Also while researching I noticed that do not have ethernet ports.
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EarDemon
EarDemon
Why not do a CTO directly through the manufacture? Get exactly what you want. Plus It's quite common to find 10%% (or higher) discount codes for Dell and HP.

Backlit keyboards are pretty much standard, and in the constant effort to try to make devices and thin and dainty as possible ethernet ports are becoming rarer, if not a normal ethernet port, you may be able to find a laptop with drop-jaw style one.
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TRG
TRG
Dell and HP are usually heavily discounted during Black Friday sales. I picked up a Dell from Best Buy for 50 percent off. I ordered it online and picked it up locally at the store. Black Friday deals are just a couple of weeks away.
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TRG
arlo
arlo
Can't really help with an exact set of suggestions. I can say that if you have a set budget. And $600 these days wont get you much. One thing I can say is check out Dell Refurbished.
I've suggested and even configured, ordered a few for friends who were a bit iffy in deciding what they needed and wanted.
Refurbished doesn't mean that they came back defective and were repaired. Companies and organizations who order quantities of the same computers often cancel or modify their requirements.
Dell builds usually on demand. Their direct refurbished line will be brand new, unused. Perhaps not exactly the "today" specifications of the latest-greatest. And you can get a nice pc for quite a bit less with full warranty.
Just a suggestion.
"I use the laptop to mainly surf the web and keep up with my finances, money and bills. I would like to have at least a 15" screen and having a touchscreen is a plus".

As far as Asus, HP goes. And others you may consider. I'd think $600 (new) would get you a laptop. A quality, long lasting one? Not so sure. Now. If you could get a $1000 lappy for $600. Good deal, don't you think?
Surf the web doesn't need a killer Nvidia graphics chip. Nor a pinnacle, top of the line Intel, AMD processor.
12-16 gigs of memory will get you by just fine.
I'm personally an Asus fan. Brands aside. The one thing is the batteries. We discussed that here someplace else.
I repair these critters. Batteries. Cheap laptops have cheap batteries. Asus suggests that you don't keep the charger plugged in all of the time to make them last. Like you see on phones where 85% vs full charge is suggested to preserve battery life.
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harshness
harshness
EarDemon said:
Why not do a CTO directly through the manufacture?
Click to expand...
Because there are fewer economies of scale with custom products. Savings come from giant contracts with major retailers.

RAM and GPUs make buying a computer now financial suicide. In 2023, I bought two 16GB RAM modules for my lone Windows machine. The cost was under $100. Now that equivalent RAM goes for $260.

One can opt for an on-CPU GPU, but you can't opt out of RAM. While Microsoft goes on and on about Windows 11 eventually being happy with 8GB of RAM, we know how that always ends.
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Foxbat
Foxbat
GB is the new MB (remember when Windows used to be happy with 8 MB of RAM?)

I had great experiences with Dell's Refurbished systems in the past. I ended up getting Business desktops instead of the Home PCs since they didn't come loaded with bloatware and the one Desktop I got for Mrs. Foxbat even had a license for MS Office Professional included.
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dishstaller
dishstaller
Pub Member / Supporter Lifetime Supporter
· posted in The Chit Chat Club

Don't mess with Mama's baby....

Dang female lions don't mess around when it comes to their kiddos....aka whelps.


View: https://www.youtube.com/shorts/Vvefv5xW77s?feature=share
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TheForce
TheForce
Supporting Founder Pub Member / Supporter
Last reply · posted in The Phone & Tablet Zone

Apple Event September 2026

Apple Fall Hardware Event takes place today, September 9, 2026, at 10:00 a.m. PT / 1:00 p.m. ET. It marks the debut of new CEO John Ternus and the expected reveal of Apple's first foldable phone.
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harshness
harshness
Gone are the days when Apple "perfects" what debuted years earlier on an Android phone.
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comfortably_numb
comfortably_numb
harshness said:
Gone are the days when Apple "perfects" what debuted years earlier on an Android phone.
Click to expand...

Or better yet, innovate something "completely revolutionary!"
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S
S
slow_poke_pete
comfortably_numb said:
Or better yet, innovate something "completely revolutionary!"
Click to expand...
when was the last time they innovated something:rolleyes:
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Foxbat
Foxbat
slow_poke_pete said:
when was the last time they innovated something:rolleyes:
Click to expand...
I'd probably say when they came up with their M-series of processors with integrated memory. That allowed Apple to get away from the inefficient Intel CPUs that were limiting their notebook computers.
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Ramy
Ramy
Supporting Founder
Last reply · posted in The Sports Section

2026-27 NCAA College Football

Really excited for this season with Kentucky having a new coach and some really exciting recruits. Probably won't last long, but here's hoping this season is great.
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osu1991
osu1991
:mad:..I hate playing in Ames.
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Jimbo
Jimbo
osu1991 said:
:mad:..I hate playing in Ames.
Click to expand...
I hate playing in LA ... :oldmad
Buckeyes had 2 weeks off and came out and looked absolutely terrible ... broke in a new Freshman Qb, but that wasn't the worst part ... undiscipline play, at last count they had 10 penalties.
Freshman in the end of the game trying to play catch up, had a lot of Over throws ... Bucks lose ...

#1 Miami struggled but pulled away in the end beating North Carolina by 3 ...

Tuesday the CFP brings out thier Playoff Top 12 again ... Buckeyes should drop from #2 to about #22 (they won't) had they had thier Starting QB, it would have been a different game ...

They could lose the rest of thier games at this point.
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Foxbat
Foxbat
osu1991 said:
:mad:..I hate playing in Ames.
Click to expand...
My in-Laws came from Iowa, she was a graduate of ISU. Unranked Iowa teams beat the #24 and #25 teams on Halloween.

And I heard that your QB made a poor choice after scoring the tying touchdown, leading to a fifteen yard penalty on the ensuing kickoff. The Cyclones were then able to take advantage of the resulting field position to get close enough to score the winning field goal.

In a NCAA Football season of bizarre endings, this has to rank right up there.
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osu1991
osu1991
Foxbat said:
My in-Laws came from Iowa, she was a graduate of ISU. Unranked Iowa teams beat the #24 and #25 teams on Halloween.

And I heard that your QB made a poor choice after scoring the tying touchdown, leading to a fifteen yard penalty on the ensuing kickoff. The Cyclones were then able to take advantage of the resulting field position to get close enough to score the winning field goal.

In a NCAA Football season of bizarre endings, this has to rank right up there.
Click to expand...
Yep, but wasn't the QB. Was WR. Offense had a great game but defense didn't show up at all. I don't think they were even in the State.
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R
Ray_Clum
Last reply · posted in DISH Network Support Forum

Wireless Joey4 (Android TV)

I had an old Wireless Joey replaced by a Wireless Joey 4 (Android TV) - still have a Hopper 3 without the Hopper Plus. What do I have to do to get the EPG to show channel logos instead of "Dish"? This is annoying as hell and it's been this way for over a month…
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B
bnewt
That kind of crap annoys me to no end.
That is one reason I haven't switched to h3and the same wireless joey 4
Hope you get it resolved.
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ewindowman
ewindowman
Lifetime Supporter
Last reply · posted in DISH Network Support Forum

Dish Bankruptcy - Business as Usual

Looks like dish is Bankrupt. Filling tomorrow Tuesday June 30th
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ewindowman
ewindowman
Correct me if I'm wrong but Dish borrowed lots of money to start a wireless company that was most likely doomed from the beginning. They bought spectrum at any cost to acquire enough bandwidth to achieve their goal. They signed leases and bought equipment and borrowed more money. They held onto the spectrum as long as possible. They then sold most of it to different companies and made a lot of money. Then they started to screw the companies that were installing and leasing the equipment and cell towers. Now they are going to claim bankruptcy under the Dish Network part of Echo Star while they have billions of dollars. So Dish basically took everyone's money that was involved in the financial part of this transaction made a huge profit is screwing everyone over from the banks to the little guy working on the towers and infrastructure.
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nelson61
nelson61
"
They note that the Dish Wireless radios at issue support the 2GHz and 800MHz spectrum SpaceX is acquiring from EchoStar and Grain.

"Buying compatible equipment already installed on towers could give SpaceX a head start on its wireless terrestrial network build and throw a big bucket of cold water on Verizon's four-to-six-year timeline and $300-$500 billion estimate for SpaceX's buildout," said the analysts."
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slow_poke_pete
ewindowman said:
Correct me if I'm wrong but Dish borrowed lots of money to start a wireless company that was most likely doomed from the beginning. They bought spectrum at any cost to acquire enough bandwidth to achieve their goal. They signed leases and bought equipment and borrowed more money. They held onto the spectrum as long as possible. They then sold most of it to different companies and made a lot of money. Then they started to screw the companies that were installing and leasing the equipment and cell towers. Now they are going to claim bankruptcy under the Dish Network part of Echo Star while they have billions of dollars. So Dish basically took everyone's money that was involved in the financial part of this transaction made a huge profit is screwing everyone over from the banks to the little guy working on the towers and infrastructure.
Click to expand...
i heard charlie went to dubai begging for money. but he didn't get none... that should have raised red flags.
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R
reubenray
nelson61 said:
"
They note that the Dish Wireless radios at issue support the 2GHz and 800MHz spectrum SpaceX is acquiring from EchoStar and Grain.

"Buying compatible equipment already installed on towers could give SpaceX a head start on its wireless terrestrial network build and throw a big bucket of cold water on Verizon's four-to-six-year timeline and $300-$500 billion estimate for SpaceX's buildout," said the analysts."
Click to expand...
Back when Dish was installing antennas everywhere for their internet service I mapped several of the tower locations around me. One is less than a mile away from me and several more about three miles away in several different directions. If SpaceX does something with these I may be in a prime spot.
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Amazon to acquire Globalstar and expand Amazon Leo satellite network

Globalstar satellites, radio frequency spectrum, and operational expertise will enable Amazon Leo to add Direct-to-Device (D2D) services to future generations of its low Earth orbit satellite network.
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SpaceX reportedly seeks 80,000 cell sites to become a wireless carrier | Fox News

SpaceX is reportedly pursuing 80,000 cell sites to turn Starlink into a wireless carrier that could compete with Verizon, AT&T and T-Mobile for cell coverage.
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dishstaller
dishstaller
Pub Member / Supporter Lifetime Supporter
Last reply · posted in The Chit Chat Club

$6.3 billion in crypto stolen by hackers

This should hit a lot of folks with a dose of reality. I can only imagine how much more common this will get as AI progresses.

I read several stories on this and most are clear as mud. They say a lot of the stolen bitcoin has been "locked out" and that everyone will be made financially whole. I guess time will tell if either of these statements are actually true.

www.cnbc.com

Hackers steal $6.3 billion from Binance in biggest-ever cryptocurrency theft

The company later added it began recovering assets impacted by the breach after pledging to cover losses using its Secure Asset Fund for Users.
www.cnbc.com www.cnbc.com
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Juan
Juan
Where would you spend 6.3 billion in crypto without anyone noticing?..In today's digital world most countries are watching purchases over 10k
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dishstaller
dishstaller
Juan said:
Where would you spend 6.3 billion in crypto without anyone noticing?
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They say it was North Korea so they'll probably just use it to buy things they need....oil, food, etc from nations and entities who don't care where the money comes from and since it is BTC...it can be spent anywhere with no blowback.
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meStevo
meStevo
dishstaller said:
They say it was North Korea so they'll probably just use it to buy things they need....oil, food, etc from nations and entities who don't care where the money comes from and since it is BTC...it can be spent anywhere with no blowback.
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North Korea can't pay for oil with BTC. The money has to be laundered and cashed out first. Analytics firms can trace it on the public blockchain, and exchanges (including Binance) have frozen money traced back to prior hacks when it showed up. Much of it may still gets through eventually. It's just slow and lossy, not "spend anywhere."

Juan said:
Someone using AI would be able to see the purchase...plus if you were to buy a couple billion barrels of oil or any other commodity..someone would notice..or if you bought your own country
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It can be traced, the rest of this is pretty much your usual nonsense though.

telstar_1 said:
How does it have such billions simply "on hand" to replace stolen billions?
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Binance has had an insurance fund since 2018, funded by 10% of trading fees. It's around $1.2B, and Binance says it'll cover the rest from company money. As the world's largest exchange, it makes a lot in fees. On top of that, the ~$3B in frozen stablecoins can be reissued by Tether/Circle, so the actual hole is smaller than the headline.

harshness said:
You "print" it, of course. That's part of the magic of cryptocurrency.
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Nobody can print bitcoin, Binance included. Supply is fixed by the protocol. The only thing in this story that can be frozen and reissued is stablecoins, because they have a company behind them.
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R
reubenray
dishstaller said:
They say it was North Korea so they'll probably just use it to buy things they need....oil, food, etc from nations and entities who don't care where the money comes from and since it is BTC...it can be spent anywhere with no blowback.
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HA! That short/fat Dictator will buy more arms. He does not care about the people.
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dishstaller
dishstaller
meStevo said:
North Korea can't pay for oil with BTC. The money has to be laundered and cashed out first. Analytics firms can trace it on the public blockchain, and exchanges (including Binance) have frozen money traced back to prior hacks when it showed up. Much of it may still gets through eventually. It's just slow and lossy, not "spend anywhere."
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Yeah, I read the same thing in multiple articles. However, when some type of hack takes place and a company's computer system is hit with ransomware, the culprits always demand BTC and those stories always say they want BTC because it is untraceable so the hackers are therefore never caught. It is contradictory crap like this that causes people not to believe any "official" statements when something like this takes place.
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meStevo
meStevo
dishstaller said:
Yeah, I read the same thing in multiple articles. However, when some type of hack takes place and a company's computer system is hit with ransomware, the culprits always demand BTC and those stories always say they want BTC because it is untraceable so the hackers are therefore never caught. It is contradictory crap like this that causes people not to believe any "official" statements when something like this takes place.
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Bitcoin is pseudonymous, not anonymous; every transaction is public forever. Ransomware gangs ask for BTC mostly because it's easy for a victim to buy and can't be reversed, not because it can't be followed. The privacy-focused ones demand Monero instead.

The reason hackers often aren't caught is where they are, not the coin. If the wallet traces back to a group in Russia or North Korea, everyone can see the money and still can't arrest anyone. Traceable and catchable are two different things, and the media mashes them together.
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dishstaller
dishstaller
meStevo said:
The reason hackers often aren't caught is where they are, not the coin. If the wallet traces back to a group in Russia or North Korea, everyone can see the money and still can't arrest anyone. Traceable and catchable are two different things, and the media mashes them together.
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Then doesn't that mean that NK can spend the BTC as it wants to or is there a way to flag the BTC, kinda like blacklisting an IMEI when it comes to cell phones.
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meStevo
meStevo
Operations returning to normal today as withdrawals are opening back up for Binance users.

dishstaller said:
Then doesn't that mean that NK can spend the BTC as it wants to or is there a way to flag the BTC, kinda like blacklisting an IMEI when it comes to cell phones.
Click to expand...

Pretty good analogy actually. Bitcoin itself can't blacklist a coin since nobody runs the network. But the exchanges and cash-out points can, and do. Treasury publishes sanctioned wallet addresses (North Korea's included), and exchanges run every deposit through tracing tools. Coins traced back to a flagged wallet get refused or frozen.

So it's like a blacklisted phone: it still powers on, but no carrier will activate it. And just like those phones, the coins get shipped off to someone who doesn't check, in this case shady brokers who'll swap it for cash at a steep discount. NK can't walk up and buy oil with BTC, but after enough laundering, most of it does eventually turn into usable money.

Extending the analogy, if Bitcoin is an IMEI blacklist then stablecoins are like Apple's Activation Lock. The issuer controls it at the source, so once it's locked it's a brick everywhere. That's why the stablecoins in this hack got frozen within hours and the bitcoin didn't.
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