Ungovernable Misfits

Ungovernable Misfits
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Nov 29, 2023 • 1h 23min

Bitcoin privacy defenders. Samourai community discussion on using the tools and never bending the knee.

This episode is from a live recording I did with Samourai (Samourai wallet) Zelko (Ronin Dojo) and the community following a discussion we had on a recent podcast about the release of Sentinel, a watch only wallet created by Samourai wallet.  We decided to do a follow up and open the discussion to listeners who had questions or feedback and it was a great success. I know from personal experience that the world of Bitcoin privacy and security can be daunting and frustrating at times. We want to help people use the best tools available to actually use bitcoin. Having these open discussions really helps dispel myths and encourage use.  Its always good to have these conversations with people who stand for freedom and refuse to bend the knee. We will be running another podcast and open discusion again next month and we would love to hear from you. Here’s the link to the original episode for those who missed it and show notes bellow.  https://ungovernablemisfits.com/podcast/exploring-sentinel/   Sentinel is an open source watch only wallet that allows users to track offline, cold storage, and paper wallets without needing private keys. Users of sentinel can keep an eye on all balances and transactions as well as generating receive addresses without exposing private keys or reducing security. Your offline bitcoin wallet may eventually need to send a transaction, now you don’t have to compromise the security of your offline wallet by bringing it online, you can Use Sentinel to maintain the air gap. Samourai gave us the history of sentinel and where its going in the future and Zelko helped me understand the interaction between RoninDojo and sentinel, why its so seamless and fast. Ive been testing it over the past week and it is blazing fast as well as incredibly simple to use. Im enjoying the layout and being able to track all balances in one place.  As is to be expected this is bitcoin software that is built to be used without revealing your identity or information that could leave you vulnerable to attacks. Native Tor integration, PSBTs, simple Dojo pairing and generating receive addresses from all tracked wallets are just some of the many incredible features. We are going to be running a spaces around a week after this episode goes live and would love to hear from you. If you have questions or feedback please join the conversation. I will announce the date and time in the next few days.  To learn more about sentinel and to download it please use the link bellow. https://sentinel.watch/ To learn more about  and to download it please use the link bellow. https://samouraiwallet.com/ To learn more about RoninDojo please use the link bellow. https://shop.ronindojo.io/?coupon=ungovernable For the Samourai/RoninDojo privacy defenders clothing please use the link bellow. https://ungovernablemisfits.com/shop/samourai-privacy-defenders/   For privacy defenders Art please use the link bellow. https://ungovernablemisfits.com/shop/privacy-defenders/   Thank you for listening and please let me know if you have any questions.    Host -  @MaxBitbuybit Guest - @RoninDojoNode Guest - @SamouraiWallet Show Sponsor: Ronindojo Want the best opensource node in the world? Here’s some money off and you can help support the show at the same time. Use code: Ungovernable https://shop.ronindojo.io/?coupon=ungovernable Show Sponsor - Foundation Devices Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.  As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”  Thank you Foundation Devices for sponsoring the show.  Use code: Ungovernable at check out for 3 months free VPN usage with IVPN. https://foundationdevices.com Show Sponsor: sx6.store SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL! Use code: Ungovernable https://sx6.store/
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Nov 22, 2023 • 1h 39min

Pleb Miner Monthly EP12 - Don’t sell out! Bitcoin deserves better!

Pleb Miner Monthly  Episode 12 Show Notes   It’s Thanksgiving season in the US, perhaps Plebs all around the world can stop, take a pause, and appreciate the wonderful world we live in.   Intro Music: Rolling Band – Gratitude (Beastie Boys Cover)   Statistics brought to you by Lincoin Mining.    Lincoin Mining is a pool, an ASIC management hub, and energy trading platform. Ask about bundling services.   Statistics Summary  Global Hashrate 30 MA - 458 EH/s  Other Mining pools of note: Foundry – 133 EH/s, Antpool 130 EH/s, Braiins 6.16 EH/s, CK Pool-24 PH, and Kano-17 PH.  Hash Value - 251,426 sats per/PH/day ~ $91  Network Difficulty - 64.68 Trillion a +3.55% increase. Previously 2.34% TX fees/block reward – 1-2% end of October but as high as 34% so far    Much of the TX fee push are due to ordinals and inscriptions. To date Wizards have spent over 77 million on fees to inscribe.    Stay up to date with Statistic research by visiting Lens.Lincoin.com   Boty is thankful for Electricity, Medi (for giving him a job), and the Pleb Miner Mafia.   Bitesize Bitcoin Sponsored by the Lake Satoshi Beach Retreat by Bitcoin101.io The Lake Satoshi retreat is an inclusive event, welcoming individuals of all levels of experience with Bitcoin. With a focus on education, community, and fun; the retreat provides a unique experience for anyone interested in the world of Bitcoin. Learn from industry professionals or simply enjoy the lake. The annual Lake Satoshi Bitcoin retreat is an experience you won't want to miss. This is Pleb Culture and Community at its best.   Tickets can be purchased at LakeSatoshi.com   Bitesize Bitcoin – Shedding light on Ordinals, Inscriptions, BRC-20 Tokens, The Sophon BRC-20 killer, and how they relate to mining fees.    Ordinal theory is a methodology of describing and tracking individual sats. Inscriptions are the digital artifact that is inscribed on an individual sat. BRC-20 tokens are an ordinal shitcoin. The bot called Sophon looks for incoming Bitcoin transactions that involve ordinals and jumps in line with higher fees to take the ticker name.   Here is the site where I did much of the Ordinal research.   ACTION NEWS!!! Sponsored by Clothing and Art on Ungovernable Misfits   Nico Smid article on Miners diversifying with AI computation Follow Alex for more mining ALPHA and to buy gear.  The Bitcoin Bugle: Sell Out by Richard Greaser Background music: Reel Big Fish – Sellout (Acoustic) New Auradine Miner  Miners Steal Electricity in Taiwan   Wrap Up Barnminer jerky, when he has it, you better get it.    Eric Blockhouse started a new YouTube Channel called Blockhouse Bitcoin Brainiacs   Tensai Bankai is helping promote the Capetown Bitcoin Conference January 27-28. A lot of the focus here is towards driving South Africans with the inclination towards self-preservation, autonomy, self-determination, and towards further understanding Bitcoin and how it can help protect South Africans from the coming storm.  
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Nov 15, 2023 • 56min

Privacy Defenders Samourai and Zelko introduce Sentinel, the watch only bitcoin wallet.

 In this episode I spoke to Samourai and Zelko about the recent release of Sentinel, a watch only wallet created by Samourai wallet. Sentinel is an open source watch only wallet that allows users to track offline, cold storage, and paper wallets without needing private keys. Users of sentinel can keep an eye on all balances and transactions as well as generating receive addresses without exposing private keys or reducing security. Your offline bitcoin wallet may eventually need to send a transaction, now you don’t have to compromise the security of your offline wallet by bringing it online, you can Use Sentinel to maintain the air gap. Samourai gave us the history of sentinel and where its going in the future and Zelko helped me understand the interaction between RoninDojo and sentinel, why its so seamless and fast. Ive been testing it over the past week and it is blazing fast as well as incredibly simple to use. Im enjoying the layout and being able to track all balances in one place.  As is to be expected this is bitcoin software that is built to be used without revealing your identity or information that could leave you vulnerable to attacks. Native Tor integration, PSBTs, simple Dojo pairing and generating receive addresses from all tracked wallets are just some of the many incredible features. We are going to be running a spaces around a week after this episode goes live and would love to hear from you. If you have questions or feedback please join the conversation. I will announce the date and time in the next few days.  To learn more about sentinel and to download it please use the link bellow.https://sentinel.watch/  To learn more about  and to download it please use the link bellow.https://samouraiwallet.com/  To learn more about RoninDojo please use the link bellow.https://shop.ronindojo.io/?coupon=ungovernable  For the Samourai/RoninDojo privacy defenders clothing please use the link bellow.https://ungovernablemisfits.com/shop/samourai-privacy-defenders/ Thank you for listening and please let me know if you have any questions.  Host -  @MaxBitbuybit Guest - @RoninDojoNode Guest - @SamouraiWallet  Show Sponsor: Ronindojo Want the best opensource node in the world? Here’s some money off and you can help support the show at the same time. Use code: Ungovernablehttps://shop.ronindojo.io/?coupon=ungovernable  Show Sponsor - Foundation Devices Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.  As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”  Thank you Foundation Devices for sponsoring the show.  Use code: Ungovernable at check out for 3 months free VPN usage with IVPN. https://foundationdevices.com  Show Sponsor: sx6.store SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL! Use code: Ungovernable https://sx6.store/
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Nov 7, 2023 • 1h

Critical vulnerability? Bitcoin monthly EP30

  In this episode of bitcoin monthly EP30 we are missing our mouthy northern robot friend. With bitcoin QnA away on an NFT course Antomous and I had really enjoyable and engaging conversation. We covered the updates listed bellow and much more.       Bitcoin core: 25.1                - bug fixes and performance improvements, as well as updated translations.   Blue Wallet v6.4.9   - Fixes - airdrop cosigner   LND v0.17.0   - Fixes - Musig2 based Taproot channels   RTL v0.14.1 beta   - Support for opening Taproot Channels - Default onchain address type is now P2TR   RoninDojo v2.1.0   - software updates - Bug fixes   SamouraiWallet v0.99.98i   - PSBT support - Sign transaction tool - Batch spend import - option to mark transaction change as “Do Not Spend” immediately after broadcast - option to “reattempt broadcast” after transaction broadcast failure   Zeus v0.8.0-beta1   - Embedded LND node     - OLYMPUS by ZEUS 0-conf channel service      -ZEUS PAY self-custodial lightning addresses, using Zaplocker     - Simple Taproot Channels     - Contact book   Peach Bitcoin   - connect your own node   Robosats v0.5.3-alpha   - f2f transactions     Show Sponsor - Foundation Devices   Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.    As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”    Thank you Foundation Devices for sponsoring the show.    Use code: Ungovernable at check out for 3 months free VPN usage with IVPN.   https://foundationdevices.com     Show Sponsor: Ronindojo   Want the best open source node in the world?   Here’s some money off and you can help support the show at the same time.   Use code: Ungovernable https://shop.ronindojo.io/?coupon=ungovernable     Show Sponsor: sx6.store   SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!   Use code: Ungovernable   https://sx6.store/
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Oct 31, 2023 • 1h 50min

“You can’t live in a bitcoin.” Ben Gunn Returns as Atlas Shrugs.

In case you missed our first conversation or want to re listen, heres the link.  https://ungovernablemisfits.com/podcast/bitcoin-wins-faster-through-collaboration-with-antomousb-copy/   Ben Gunn Returns as Atlas Shrugs Intro Quote: “The Solution to Pollution is Dilution” --Ben Gunn Show Description Our friend and fellow pleb, Ben Gunn returns to the show after a testing couple of years in Bitcoin and the wider world, to share what has worked for him, what hasn't, and his thoughts and plans for the future. This is a fantastic follow-up interview to first episode we did in 2021, which if you haven't heard, you must and is here. In this episode, Max and Ben take a stroll around the park in Amsterdam, Netherlands to catch up on what he's been up to since we last met on his woodland back in simpler times. We kick off by reviewing life in the Fiat Mines, and how things are deteriorating in day to day work and relationships. Red tape, higher costs of getting stuff done, how the average person is affected and how it can't continue forever. We discuss the transformational power of acknowledging negative observations and turning them into positive actions. How there are just some things that we have no ability to influence or control, and that it's okay to switch off the doom vendors and focus on what you can build in reply. Getting fit and staying focussed on what's really important. We address the problem of when it's the right time to quit and where it's best to relocate in an increasingly uncertain world. The attractiveness of new locations such as El Salvador, and how leaving a broken system behind can fix many things, but not everything, and how it's all part of a much bigger cycle. The growing relevance of Atlas Shrugged to the world we're seeing around us, and what we can learn from the novel in today's context. We also announce a new project – a series of future shows that will analyse the book from the perspectives of Bitcoiners and as living people in a world of zombies, and help a new reader get to the end! We finish off talking about the pro's and con's of Bitcoin conferences and podcast business models, the pro's and con's of advertising based income vs Value for Value approach. We talk about the risk shifting behaviour of the dominant podcasts, and the impact on the listener's finances, as well as the overwhelming generosity and support of our own loyal fan base. Key Takeaways: The Fiat Mines are getting harder to work in. Where to focus your attention and turn a negative situation into a positive outcome. Meeting Bitcoiners in real life can be an amazing experience, but you can't trust everyone. Zombies are real and how we should be thinking about that in our real lives. Atlas Shrugged is a book written for our times, and we all should learn who John Galt is. Risk shifting behaviour in Bitcoin Podcasts and Conferences, and what to do about it. Host: Max BitBuyBit Guest: Ben Gunn Nostr - https://njump.me/npub1lt8nn8aaa6qa63wjwj8gz2djf5nlhg3zfd0v6l45v8zhvuyh0p3s5zzt5y Mentions: Bitcoin Q&A, Brother Rabbit, Untapped Growth, Matt Odell, Samourai Wallet, Hodlonaut DC786 Foundation
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Oct 28, 2023 • 1h 47min

Bitcoin miners will be the dagger between your shoulder blades. (PMM 0011)

Pleb Miner Monthly  Episode 11 Show Notes   Intro Music: Frank Carter & The Rattlesnakes – I Hate You    Our hatred for globalist, big pharma, big banks, the illuminati elite, a myriad of oppressive taxes, the Federal reserve, “trusting the experts”, and those just “doin muh job” drive us to Bitcoin and self-sovereignty. What's your motivation?   Statistics brought to you by Lincoin Mining.  Lincoin is so much more that a place to point your hash. Lincoin is a pool, an ASIC management hub, and energy trading platform.    Medi, thank you for keeping this show going.    Global Hashrate - 30 day MA - 443 EH/s  Hash Value - 210,000 sats per/PH/day  Network Difficulty - 61.03 Trillion Tx/Block Reward - 4.6 % - 1.2%.   New Miner Efficiency and cost to mine breakdown – 20 J/TH is the new 30 J/TH The S19K Pro is looking to be a decent value.   5 things that grind Boty’s gears: 5. Cats. 4. Spiral Staircases. 3. People who dress up their cats. 2. People who take pictures of their food. 1.  The Global Elite who manipulate the levers of power, engineer economic crises, wage wars for profit, intentionally engineering pandemics, and manipulate the media all to usher in a  World Order, a world without borders, without freedom, without natural law. I for one say no! I will not kneel for these tyrants! I yearn to live free! Free in a world where my robot wife and robot children are able to live on a homestead and raise chickens and cows, grow beets, and build a hydro powered Bitcoin mine!   Bitesize Bitcoin  Sponsored by Ungovernable Misfits' Art Art is available for purchase on UM, stop by and buy a fine print and add some class to your mine, you damn luddite.    We recently conducted a Twitter spaces on heat capture. Many of the Mining Mafia stopped by the share their experiences in home and small-scale mining heat capture. Listen here   Links of note from the spaces:   Rick home heating paper https://www.cryptocloaks.com/download/44528/?tmstv=1697735162&version=v3   Norsk Bitcoin Paper on Ungovernable Misfits   Home Bitcoin Immersion Mining   Altair's Chimney   Action News  Brought to you by… You! The Ungovernable Misfits and The Pleb Miner Mafia! From Max, Crown, and Jon, thank you for your continued support of BitBuyBit, Bitcoin Monthly, Pleb Miner Monthly, and UngovernableMisfits.com   Bassload update  SF Tweet Update on MDK  Pleb Miner in the Wild will be delayed a bit this go around. If you’re itching to listen to Wild Pleb Miners ramble on about what’s important to them, check out the previous Pleb Miner in the Wild episodes or listen to the spaces we conducted recently.   Show Sponsor – Foundation Devices Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”  Thank you Foundation Devices for sponsoring the show.  Use code UNGOVERNABLE at check out for 3 months free VPN usage and to let foundation know we are shilling hard.   Show Sponsor: sx6.store SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL! Use code: UNGOVERNABLE   Show Sponsor: Ronindojo Want the best open source node in the world? Here’s some money off and you can help support the show at the same time. Use code: UNGOVERNABLE
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Oct 11, 2023 • 1h 18min

Hacking the real world outside of bitcoin and opensource with Urbanhacker.

No time for show notes.    Gutted    Show Sponsor - Foundation Devices   Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”    Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.   https://foundationdevices.com       Show Sponsor: sx6.store   SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!      Show Sponsor: Ronindojo   Want the best open source node in the world?   Here’s some money off and you can help support the show at the same time.   Use code: Ungovernable   https://shop.ronindojo.io/?coupon=ungovernable         As always please feel free to reach out and ask me any questions.
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Sep 30, 2023 • 1h 2min

Bitcoin mining and diesel engines with Travis Bitckle

Pleb Miner in the Wild Travis Bitckle   Listen you fuckers, you screw heads, here is a man who would not take it anymore. A man who stood up against the central bankers, the cunts, the dogs of war, the filth that is the global elite, the shit who devalue our currency, and steal the fruits of our labor. Here is someone who stood up and took Bitcoin Mining into his own hands. Here is, Travis Bitckle, Pleb Miner in the Wild.   Travis is a Pleb Miner extraordinaire, a mad scientist tinkerer and a hell of a nice guy. He has built many iterations of home mining setups. His most common build is an AC Infinity fan cooled miner, coupled to the rig via a Fruits and Associates Fan Shroud and a Njord Board from Pivotal Pleb Tech. (If you’d like to hear the story of Zack Bomsta and the Njord Board check out Zack’s Pleb Miner in the Wild interview)   Travis’ newest build is a single board, 120v build, with a custom housing, fan design, and the use of Zack Bomsta’s Loki Kit.   Travis wrote an article detailing the custom build. It can be viewed on our website. Travis’ 120V miner build on Ungovernable Misfits.   Travis and Jon take the conversation is a few different directions, from automotive topics, specifically related to Volkswagen (VW) Diesel engines, turbocharging, and the use of vegetable oil as dual fuel. Here’s some more information on alternative fuel diesel engines from US Filter Maxx. They also discuss alternative sources of energy for Bitcoin mining like bio digesters and what the University of Wisconsin is doing in that area.   They discuss their early political leanings, ranging from anarchy/punk to more conservative ideologies, neo-conservatism, and libertarianism.    The conversation ends with a quote from Mr. Rogers about the importance of those who have cared for and shaped us throughout our lives. Travis wanted to share a special thanks to his wife, mother of his children, washer of his underwear, and the one who has loved him into the successful person and pleb miner he is today. Thanks Travis’ wife and thank you to all our loved ones who suffer through our Bitcoin mania. We love you all.   “All of us have special ones that have loved us into being, would you just take along with me, ten seconds to think of the people who have helped you become who you are” “those who have cared about you and wanted what was best for you in life” – Fred Rogers (Mr. Rogers).   Show Sponsor - Foundation Devices   Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”    Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.   https://foundationdevices.com   Show Sponsor: sx6.store   SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!      Show Sponsor: Ronindojo   Want the best open source node in the world?   Here’s some money off and you can help support the show at the same time.   Use code: Ungovernable   https://shop.ronindojo.io/?coupon=ungovernable     As always please feel free to reach out and ask me any questions.
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Sep 25, 2023 • 1h 26min

Blockchain spies call Bitcoin Core Contributor “Unqualified” (Bitcoin monthly episode 0029)

In this episode of bitcoin monthly we discuss Blockchain spies calling Bitcoin Core Contributor “Unqualified” and much more.    Baltic Honey Badger Recap     Huge fee incident https://www.nobsbitcoin.com/paxos-identified-as-fat-finger-entity-in-20-btc-fee-mistake/   Nunchuk Byzantine https://www.nobsbitcoin.com/nunchuk-byzantine/   Fortress acquired by Ripple https://www.nobsbitcoin.com/ripple-acquires-fortress-trust/ https://www.nobsbitcoin.com/fortress-lost-customer-funds-prior-to-acquisition-by-ripple/   SeedSigner 0.7.0 https://www.nobsbitcoin.com/seedsinger-v0-7-0/   More CA bullshit https://www.nobsbitcoin.com/chainalysis-denounces-bitcoin-core-contributor-bryan-bishop-as-unqualified-to-audit-its-code/   RoninUI Pairing page https://www.nobsbitcoin.com/ronin-ui-v2-3-0/   new BTCPay app to be developed https://www.nobsbitcoin.com/btcpay-server-partners-with-spiral-and-ldk-to-develop-btcpay-app/   Peach goes Open Source https://www.nobsbitcoin.com/peach-bitcoin-v0-3-0/   Sparrow v1.7.9 https://www.nobsbitcoin.com/sparrow-wallet-v1-7-9/   Robosats is decentralizing https://www.nobsbitcoin.com/robosats-is-decentralizing-how-to-become-robosats-federation-coordinator/   Zaplocker - Non custodial lightning address server https://www.nobsbitcoin.com/zaplocker-com-non-custodial-lightning-address-server/   Tor PoW Launch https://www.nobsbitcoin.com/tor-launched-proof-of-work-defense-for-onion-services/   Tornado Cash indictments https://www.nobsbitcoin.com/new-tornado-cash-indictments-run-counter-to-fincen-guidance-coin-center/   Samourai v0.99.98h https://www.nobsbitcoin.com/samourai-wallet-v99-98h/   Samourai Dojo v1.21.0: $1 Fee Estimator https://www.nobsbitcoin.com/samourai-dojo-v1-21-0/   The Bitcoin Company's Web App Added Auth47 Paynym Accounts https://www.nobsbitcoin.com/the-bitcoin-company-integrated-auth47-paynym-accounts/         Info on Peach licence    https://github.com/Peach2Peach/peach-app/blob/develop/LICENSE.md     Article on Chainalysis Denounces Bitcoin Core Contributor As “Unqualified” Chainalysis attempts to render Bitcoin Core contributor Bryan Bishop as “unqualified” to audit Chainalysis’ source code as the surveillance firm’s own experts stumble cluelessly around the blockchain.    https://bitcoinmagazine.com/technical/chainalysis-denounces-bitcoin-core-contributor-as-unqualified?ref=nobsbitcoin.com             Show Host: Max    https://twitter.com/MaxBitbuybit   Co host BQA   Twitter - @BitcoinQ_A Website -  bitcoiner.guide   Co host - Antomous   Twitter - @antomousB Website vulcan21.com       Ungovernable Misfits Socials https://www.ungovernablemisfits.com   Twitter  https://twitter.com/ungovernablemf     Show Sponsor: Foundation Devices   Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”    Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.   https://foundationdevices.com     Show Sponsor: sx6.store   SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!         As always please feel free to reach out and ask me any questions.
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Sep 19, 2023 • 1h 20min

Pleb Miner Monthly EP10 Growing Centralisation of the Bitcoin Mining Sector.

Pleb Miner Monthly  Episode 10 Show Notes   1 year of doing Pleb Miner Content on BitBuyBit.    We are honored to be able to provide Pleb Miner content and are doubly honored to be able to interact with all of you on Telegram, Twitter and Fountain   Thank You for all the contributions of content, encouragement, sponsorships, boosts, and friendships!   Intro Music: Faith No More – We Care a Lot   Statistics brought to you by Lincoin Mining    Schedule a call with Medi so you can hear him say “What do you do, so I may tell you what we can do for you?”   Statistics Summer Summary Hashrate - June 21 our 70 MA was 367 EH – We are now 394 EH a 7.3% increase Difficulty - June 21 Difficulty was 52.35 EH – We are now 54.15 a 3.4 % increase BTC Price - June 21 BTC Price was $29,893 – Its now $26,192 Hash Value - Hash Value on June 21 was 24,850 – and is now 24,040 3.25% decrease   Block 807,057, 20.013 BTC in transaction fees!!! Mononaught Tweet Everybody Wang-Chung tonight, everybody have fun tonight   Bitesize Bitcoin (Mine your Mind) Brought to you by FixRigs Take the Quiz!!! And share your results! Most of the answers are contained in our Bitesize Bitcoin Segments If you’re stuck on one, ask Jon and I’ll direct you to the episode Highest Score Gets a Boty Hat!   Statistics   What is Hashrate?  What is the incorrect name given to the HalFinning?  Explain the HalFinning.  What is difficulty and why is it important?  Name two common payout schemes used by mining pools? Basic Electricity What is Voltage?-  What is Current?  What is Power? Explain Joules Law.  Convert 3500 watts at 240 volts to amps Cost to Mine What is a Watt/hour ? Calculate the cost to mine a 3500 watt Bitcoin Mining Server over a 24 hr period at   $.10/KW/hr  Now do the UK at 30p/KW/hr  What is Hash Value  What is Hash Price  If current BTC price is $26K and our 3500 watt machine at 110TH get us 25, 773 sats per day, are we profitable at .10 cents KW/hr    Block Creation and Transactions What are the components of a candidate Bitcoin block headerTransaction Data The transaction data within a Bitcoin block contain information about each transaction included in the block. Name some of the key characteristics of the transaction data   Bitcoin Mining Server Name the parts of a Bitcoin Mining Server also knows as an ASIC.    BIP300 BIP 300, also known as drivechains is a Bitcoin Improvement Proposal that will allow sidechains of separate blockchains on top of Bitcoin. Max, this is the final Mine your Mind question. Are drivechains… Gay Lame Retarded Regarded   Pleb Miner Monthly ACTION NEWS!!!   First up Riot receives $31 million in energy credits    A short Op-Ed from an Anon Pleb.  Growing Centralization of the Bitcoin Mining Sector Public corporations have rapidly dominated the mining sector, primarily through aggressive mergers and acquisitions. By establishing expansive industrial mining infrastructure and consuming incredible amounts of electricity, these entities have positioned themselves at the forefront of the industry. Their dominance is further solidified by their ability to secure funding via traditional Wall Street mechanisms, such as shareholder dilution and convertible notes. This financial leverage affords them several advantages, including procuring large machine orders at prices below market rates, benefiting from reduced transmission and distribution costs, thanks to high-voltage infrastructure, implementing power procurement strategies tailored to bitcoin mining. Such centralization can sideline smaller players, often referred to colloquially as the "plebs", pushing them to the periphery of the industry. Bitcoin is meant to be a P2P decentralized network. Centralization of mining is a justified concern.    Bassload Update Turn Down for What!?   Nic Smid Blockpost   Nico Smid Immersion Article on Ungovernable Misfits   The Bugle Bugle - Paul Sztorc Runs for President to Promote BIP 300   Pleb Miner Small Builds and Innovation Travis Bitkle    Sat Stacking Pleb has a cool one board build   Altair Tech to have S19s single boards    D-central carries a Bitaxe kit and Pivotal Pleb Tech boards   Crypto Cloaks carries a number of DIY items as well   Winter is coming and everyone is getting ready with their space heaters and dusting off the sketchbooks and designs from previous years and getting back to work. Can’t wait to see and share what everyone will build this winter!   UngovernableMisfits.com has Max and Crown’s art for sale, check it out on the newly revamped website!  

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