Bitcoin Mining and the Power of Miners

Gabriel Custodiet talks Bitcoin mining with a major player in self-mining. This is the best introduction to the who, why, what, and how of mining. As always, with no compromise on self-sovereignty, ownership, no KYC, and privacy.

Guest Links → https://diverter.hostyourown.tools/mining-for-the-streets/  (Diverter’s original article) → https://twitter.com/Diverter_NoKYC  → https://paynym.is/+diverter 

References → https://www.econoalchemist.com/post/home-mining-for-non-kyc-bitcoin  → https://upstreamdata.com/products-services/bitcoin-mining-loadcenters/black-box/  → https://upstreamdata.com/upstreamdata-diy-blackbox/  → https://kaboomracks.com/buying-mining-equipment/  (happens via Telegram) → https://minefarmbuy.com/   → https://www.blockwaresolutions.com  → https://podcasts.apple.com/us/podcast/pod256-bitcoin-mining-news-analysis/id1657814571  → https://t.me/HomeMiningWizards  (Helpful Telegram group for amateurs) → https://twitter.com/CoinHeated  (ASIC immersion) →https://twitter.com/zbomstaz  (single board ASIC)

WATCHMAN PRIVACY → https://watchmanprivacy.com  (Yes: I offer consulting) → https://twitter.com/watchmanprivacy  → https://escapethetechnocracy.com/ 

CRYPTO DONATIONS →8829DiYwJ344peEM7SzUspMtgUWKAjGJRHmu4Q6R8kEWMpafiXPPNBkeRBhNPK6sw27urqqMYTWWXZrsX6BLRrj7HiooPAy (Monero) →https://btcpay0.voltageapp.io/apps/3JDQDSj2rp56KDffH5sSZL19J1Lh/pos (BTC)

Timeline

0:00 – Introduction 1:15 – Explanation of Bitcoin mining 6:06 – What is the power of miners in Bitcoin ecosystem? 12:00 – Examples of mining censorship 17:40 – Brief history of Bitcoin mining 24:45 – Inevitable regulation of Bitcoin mining due to blatant money transmission 31:22 – Government bans of Bitcoin mining 36:37 – Geopolitics of Bitcoin ASIC machines 41:25 – What is the Bitcoin Mining Council? 45:45 – Price of electricity differs widely around the world 50:00 – Discouraged from self mining? 56:45 – What is cloud mining and mining hosting? 1:04:00 – Are mined bitcoin untainted? 1:09:22 – Summary of self-mining 1:10:10 – Setting up electricity 1:16:20 – Limit to how many ASICs you can run in house? 1:21:21 – Sound and heat suppression 1:27:20 – Places to buy ASIC in person? 1:29:55 – Ways to buy an ASIC 1:34:34 – Best ASIC to buy 1:40:00 – Buying ASIC privately 1:44:42 – Which mining pool to join 1:49:50 – Mining altcoins 1:51:45 – Mining resources 1:56:10 – Final thoughts

#WatchmanPrivacy #BitcoinMining #DiverterNoKYC