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Ungovernable Misfits

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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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Sep 12, 2023 • 1h 27min

Grid Harmony with Troy Cross and Bitcoin Bassload

Troy Cross and Bitcoin Bassload Treble + Bass = Energy Grid Harmony   In this electrifying episode of BitBuyBit, Max and Jon speak with energy market expert and Pleb Miner Mafia Capo, Bitcoin Bassload as well as Philosopher and Bitcoin enthusiast Troy Cross from the Bitcoin Policy Institute.   The relationship between Bitcoin mining and the American energy industry is complex, nuanced, wrought with acronyms, oversight, and regulation. The purpose of this conversation is to find where we agree and disagree on the relationship between Bitcoin mining and the energy industry and what we as Pleb Miners can do when our energy is focused and pointed in the same direction. Troy and Bassload come from different perspectives when looking at the relationship between Bitcoin mining and energy, but their hearts and minds are focused on making sure that Bitcoin wins.   In this discussion Bassload defines terms like the Federal Energy Regulatory Commission (FERC), Regional Transmission Organizations (RTO), and Independent Systems Operators (ISO) and explains how regulation and government policy steer energy markets. He discusses the Physical Grid versus Policy Grid, balancing authorities, generation fleet mix, and Meredith Angwin’s fatal trifecta for the grid: over reliance on renewables, backing up the renewables with just in time resources, and overdependence on neighbors. Bassload offers advice on creating relationships with energy providers: 1. Print the load 2. Pay an invoice. Bitcoin Bassload’s Energy Market Inflows can be found on his Substack in which he puts out frequent updates.    Troy discusses the unique characteristics of Bitcoin mining and its relationship with energy, particularly in the context of environmentalism and regulatory arbitrage. He highlights that Bitcoin's decentralized nature and algorithmically fixed production makes it resistant to local regulations and taxes. His point in conveying this, is that Bitcoin mining can take advantage of excess energy in regions with corrupt governments, it can bypass restrictions, and potentially disrupt the energy market. The discussion emphasizes that Bitcoin's fundamental value is tied to the cost of energy rather than fiat currency. Over the long term, government regulations and subsidies may not significantly impact Bitcoin mining, or its adoption. Troy expands on this theory in this recent article.   Treble and Bass = Grid Harmony   Terms and Definitions   FERC- FERC was originally called the Federal Power Commission to then become the Federal Regulatory Commission created on October 1 1977. The FPA was originally designed to coordinate federal hydropower development (in 1920) then in 1935 it was given the independent regulatory status to then regulate both hydropower and electricity.  Then in 1938 the natural gas act gave FPA jurisdiction over interstate NG pipelines and wholesale sales.  FERC was created due to a response to the oil crisis of 1973 and thus passing the Department of Energy Organization act of 1977 in an effort to consolidate agencies into a ‘department of energy’. DOE was born.  Congress insisted that the independent regulatory body be retained. FERC originally was to determine whether wholesale electricity prices were unjust and unreasonable  If so regulate the pricing and give some refunds to ratepayers FERC an independent organization that its commissioners are appointed by the president and confirmed by the senate Order 888 was issued in 1996 which created the RTO’s (regional transmission organizations) in response to the Energy Policy Act in 1992.       RTO’s- Organized by FERC to have what were the former power pools to ‘rebrand’ themselves as independent transmission operators that would be able to compete in a wholesale electric market administered by RTO’s.  PJM, NYISO and ISONE were first in line. Like an ISO they operate transmission systems and develop innovative procedures to manage transmission equitably.    ISO’s- Independent System Operators were designed to consolidate and manage the operation of transmission facilities to provide nondiscriminatory open transmission service for all generators and transmission customers.   Traditional wholesale markets were in the SE, SW and NW and most were vertically integrated where they own generation, transmission and distribution systems to serve electricity consumers.  They also many include federal systems: Bonneville Power System Tennessee Valley Authority Western Area Power Administration   At the wholesale level, the RTO’s and the ISO’s is managing economic dispatch of generators and its auctions to the clearing price.  Less expensive power gets dispatched first.  RTO controls the bids, they know the cost of fuel, and they know the marginal cost of the next kwh your generator plant makes.  One can add a risk premium to the bids but the RTO’s are checking. (Meredith Angwin)    TYPES of RTO’s and ISO’s CAISO- California Independent System Operator ERCOT- Electric Reliability Council of Texas SPP- SouthWest Power Pool MISO- Midcontinent Independent System Operator (15 states and canadian province of Manitoba)  SouthEast Power Pool PJM- Pennsylvania New Jersey and Maryland NYISO New York Independent System Operator ISONE Independent System operator of New England    Vertically integrated- this is where the same entity owns all of the generation, transmission and distribution to service electricity consumers in the given region that they are in.   PUC’s- Public Utility Commission were designed to do a couple of things: Balance the needs of consumers AND utilities  Ensure safe and reliable utility service at reasonable rates Protect public interest Educate consumers to make independent and informed utility choices Typically the PUC’s were designed for the consumer, but they are also heavily “in bed’ with the utilities Regulate electric, gas, telecommunications, water and wastewater facilities Typically appointed by the governor serving 4-6 year terms. Typically regulate all investor owned utilities in their state Municipalities and cooperative utilities are often exempt from PUC regulations    PUCs often use non-adjudicatory processes to address new and evolving issues. This would include traditional rulemakings, in addition to informal stakeholder collaborative processes. Over the past decade, the stakeholder process has become one of the mainstays of issue resolution. In these proceedings, professional facilitators are often used and the parties work toward a narrowing of issues or their complete resolution through a negotiated or shared agreement. Typical participants include utilities, ratepayer advocates, environmental advocates, and industry advocates.    Load Shape- the amount of energy consumption one uses, measured in watts or kilowatts over a period of time.  When looking at the curve of how that energy is consumed, the shape of that curve is what is monitored.  If flat, good.  If not and seeing spikes means that the shape is inconsistent with the amount of watts consumed over time   BTU- A British Thermal Unit, the base unit of measure for measuring energy in the US.  a btu is the amount of energy required to heat one pound of water    Joule- joule, unit of work or energy in the International System of Units (SI); it is equal to the work done by a force of one newton acting through one metre. Named in honour of the English physicist James Prescott Joule, it equals 107 ergs, or approximately 0.7377 foot-pounds.   Watt- the SI unit of power, equivalent to one joule per second, corresponding to the power in an electric circuit in which the potential difference is one volt and the current one ampere. 1 watt = 1J/s   Baseload- Baseload electricity generation creates 24/7 power to the grid to meet the base energy needs of the U.S. While peaking generation must follow the varying hourly electricity needs as demand rises and falls, base load generation operates constantly to support the increment of demand that is always there no matter the time of day or day of the week. https://energytransition.nema.org/wp-content/uploads/2023/01/NEMA-QuickFacts-Baseloadgeneration.pdf   Balancing Authority- The BA makes sure that the supply of power on the grid is exactly matched with the requirement for power always.  The BA must keep voltage within a narrow range and balance demand on the grid.  The BA must also make sure that the VARs (Volts Amps Reactive) are in balance. Refer to page 28-30 of shorting the grid.  “A well run grid is like a good bicyclist on a smooth road, while a more difficult grid (more sudden ups and downs in power or energy requirements) requires more of a balancing-type energy (Meredith Angwin).  60Hz or 60 cycles per second in the US 50HZ or 50 cycles per second everywhere else The responsible entity that integrates resource plans ahead of time, maintains load-interchange-generation balance within a balancing authority area, and supports interconnection frequency in real time.   Energy Auction House- mentioned above and see pages of Mereidth Angwins book shorting the grid pages 91-93   Generation Fleet Mix Nuclear  Coal Natural Gas Oil Hydro Solar Wind Geothermal   Renewable energy- Renewable energy is energy produced from sources like the sun and wind that are naturally replenished and do not run out. Renewable energy can be used for electricity generation, space and water heating and cooling, and transportation. Non-renewable energy, in contrast, comes from finite sources that could get used up, such as fossil fuels like coal and oil. (DOE definition) energy from a source that is not depleted when used, such as wind or solar power. "the environmental benefits of renewable energy" (Oxford Dictionary)   Net Zero- net zero means cutting greenhouse gas emissions to as close to zero as possible, with any remaining emissions re-absorbed from the atmosphere, by oceans and forests for instance. To ‘go net zero’ is to reduce greenhouse gas emissions and/or to ensure that any ongoing emissions are balanced by removals. (university of oxford) REC- Renewable Energy Credits A renewable energy certificate, or REC (pronounced: rěk, like wreck), is a market-based instrument that represents the property rights to the environmental, social, and other non-power attributes of renewable electricity generation. RECs are issued when one megawatt-hour (MWh) of electricity is generated and delivered to the electricity grid from a renewable energy resource. RECs include several data attributes, including:* Certificate data Certificate type Tracking system ID Renewable fuel type Renewable facility location Nameplate capacity of project Project name Project vintage (build date) Certificate (generation) vintage Certificate unique identification number Utility to which project is interconnected Eligibility for certification or renewable portfolio standard (RPS) Emissions rate of the renewable resource *Note: This list is not exhaustive and, depending on the market in which the REC is generated, other attributes may be associated with the certificate   Three buckets  o   financial- everything to do with pricing, hedging, derivative markets for energy, from wholesale to retail  o   physical- infrastructure related, engineering and design of the implementation and installation of large equipment o   regulatory- politics, rules and regulation from governing bodies aka FERC, DOE, PUC, ISO, RTO and alike.   We hope this to be the first of many discussions on Bitcoin’s relationship with energy markets and energy providers. If you enjoyed the discussion in this episode, let us know by boosting on Fountain.    Ungovernable Misfits Socials https://www.ungovernablemisfits.com   Twitter  https://twitter.com/ungovernablemf   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!  
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Sep 7, 2023 • 1h 1min

Dropping out vs dropping fiat for bitcoin and FOSS

  I had a conversation with Matt Rose - Head of marketing for Foundation devices  about his entry into the bitcoin space after a career in traditional fiat marketing. Matt made the move to the bitcoin world after experiencing how fake the large corporations were and he explains in this episode how much ideas get watered down after going through all of the checklists to comply and stay woke.   Now that Matt is working for Foundation devices things are very different. He’s excited to be working with a team that genuinely cares about privacy, security, freedom and bitcoin.    We also talked about the issues facing young people working in today’s world and how there is a movement in China called laying flat Where people are deciding to drop out rather than spend their entire lives working with no chance of progressing or having the lives they had been told they could have after working hard at school and going to university.   This is not just a trend in China is also happening in America and all across Europe, we discussed the ways that bitcoin can help and why this might just save an entire generation from living in quiet desperation.   Finally, we touched on the process of creating and organising our ideas. Matt and I both like to keep notes and continually work on ideas and Matt gave me a few tips on using open source free software like obsidian to improve and create links between different projects that might otherwise be missed.   I really enjoyed this conversation and I hope you enjoy listening for any questions. Please reach out and I’ll be happy to help.   Show Host - Max - https://twitter.com/MaxBitbuybit   Guest  - Matt - @wayfinderMatt     Ungovernable Misfits Socials https://www.ungovernablemisfits.com   Twitter  https://twitter.com/ungovernablemf   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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Aug 29, 2023 • 27min

Mining bitcoin in the desert - Pleb Miner in the Wild - Desert Dave.

Pleb Miner in the Wild This episode’s Pleb Miner in the Wild is Dave of the Desert visit him on NOSTR @ DesertDave@nostrplebs.com Dave and Jon talk about Dave’s solar setup and how to achieve a build like his in an economical fashion. Dave has created a video describing his setup.   Also, get your UNGOVERNABLE asses over to Fountain and BOOST THE SHOW!    Thanks for listening.     

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