
Pleb Miner Monthly EP10 Growing Centralisation of the Bitcoin Mining Sector.
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Show Notes
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!!!
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!?
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
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!
It's a dirty job, Max, but it's our job. We love the film. We love the film, getting down and dirty with the cleve miners. We've been doing this for a year now, you know.
I'm going grey. I know you already are, but you've made me go grey. Good. Join the club. Silver Fox, though. Yeah, right. Chicks love it. It's a real pain in the arse, actually, because, you know, I do a lot of driving.
In the winter, it's cold, it's wet, you can't see properly smudged windscreens. But at the summer at the moment, they're all throwing their underwear at me. Oh, you sexy grey fox! Oh, you're so sexy, and I'm like, "Fucking hell, I can't see windscreen wipers on full, it's sunny, it's getting ridiculous, so I don't know what
to do about it, to be honest." How do you cope? It was difficult before, as a young man, now as a grey fox, I don't even have the strength to fight him off, just let him go at it. Fair enough.
A year in review, Max, what were some of your favourite parts? I actually really recently liked the Desert Dave one, really. Yeah, what I liked about it was I wasn't really expecting to be interested, because it was solar, and then it sort of caught me off guard a bit, I was like, "Oh, actually, yeah,
this is quite interesting, this is quite cool." I've also enjoyed the month, the whole plebmine a month, although, like, the editing was a fucking disaster, and it was horrendous in that sense, like, that was quite a fun time, because it was new, and, like, we were building
the core people who are in the group now, the real mafia, what would you call them, like, mafia bosses, I guess. Capos. Capos, yeah. They were there from the beginning, and that was a fun time.
And now we're, like, actually friends, a lot of these guys. Yeah. Well, you're not, because you're way over in England. Yeah, actually, we've got to talk about one thing. One thing that has not been a highlight, is that she's becoming quite a problem, is that base.
Base loads terrible English accent, it's horrendous, it's awful. He's a nice guy, and he knows about energy, and, you know, he can skate, and he's cool and all that, and I'm sure we can have a pint and enjoy each other's company for a while.
The problem is, as soon as he opens his mouth and does that fucking English accent, it makes me want to jump off a high building. Bloody hell. Take him with me as well. Bloody hell, mate.
So bad. So that's probably the low light, if that's a word, but other than that, it's been amazing. What about you? My favorite part is the participation of everybody else in the movement.
Hey, can you write an article? Yep. Hey, can you record with me? Sure. When? In the willingness for people to participate and spend their time and effort contributing to the library that we're building, it's humbling, because everybody just does it right away.
There's very little like, "Oh, I don't know if I have time or anything." Yep, they're right on it. You already wrote something. Can I share this on our site, too, or talk about it on the show?
Sure. Just the willingness, the community building that we've experienced, being in the telegram group with everybody and getting intimate and getting to know each other, not that intimate.
You know what I mean? Yeah, it's pretty cool. And like, the ability to, I can confidently say now, when someone's talking to me about mining, they're like, "I'm thinking about doing this setup, or I'm not sure about this.
I'm like, join the group. I'm telling you, these people will know." There's not a question in my mind that's like between the people who are there, every question can get answered, and that's a pretty powerful thing.
And the willingness to do it. I mean, you know the knowledge is out there in a lot of these other forms, and other telegram groups, and good luck finding it, and good luck finding somebody who's a nice guy and willing to spend time out of their day to share their knowledge.
And then we have to balance things out, and that's why we come in. Yeah. Boy, it's getting kind of weighty in here with the technical specifics. Let's say something smart ass, or promoted.
Yeah, it's been good. I feel like I've learned a little bit as well. I think you have. Yeah, definitely. Before we even had the plebminer month idea, just talking about bite-sized Bitcoin and FUDBUSTER and stuff like that, you calling me and saying, "Hey, do you think we could do some mining content for bite-sized Bitcoin?"
I think that the knowledge base I think that you have now compared to then is impressive. You're already really smart. I mean, it kind of goes without saying, but yeah, I agree. In summary, very, very cool, and looking forward to the next 21 years, as long as you don't pop your clogs, I can't guarantee anything.
Well, instead of just talking about the show, let's actually do the show. Now, what's the Bitcoin? Bitcoin is close to becoming worthless. Ain't that true? Now, what's the Bitcoin? Bitcoin's like rat poison.
Yeah. Oh. The greatest scam in history. Let's get it. Bitcoin will go to fucking zero. Daddy, why are you so fucking zero?
No, Mike, you know what I think is good over here, yeah, Mike, blah blah blah blah blah. Case and point. Let's just do it again, view that one more time. Yep. You know, Mike, you know, I think the thing is good over here, yeah, Mike, blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah.
That was like a little bit of Texas in there for some reason. They sent a picture a while ago of him getting fitted for boots in Texas, and he was doing some energy conference down in Houston.
He's got like a t-shirt on and maybe a Yankees hat on or something like that and shorts. He's getting fitted for these like thousand dollars, snakeskin cowboy boots. Yeah. I like it. I could see him riding down the street.
That's a street shirt. Yeah. Yeah. Baggy t-shirt, basketball shorts, hat, cowboy boots, skateboard. I have some, you know, I bet you do. So worldly like that. You've got a place here in London that just does cowboy boots.
It's called our souls. I don't know if it's bad anymore, but it like was like a, the place to go. And when I was a kid, I got some, I don't know if I anymore, but they were pretty fucking cool.
Whoa. I've got more panties thrown at you. Ray Fox, Max now, or cowboy boots in London then. I was about five, so it would have been slightly inappropriate. Yeah, that sort of area is more swooning like, oh, look at his chubby cheeks.
Oh, he's so cute. That sort of bam. Yeah. It gets you prepped up though. Yeah. You get used to it. I think that's the thing is the attention, isn't it? Yeah. But since then, no more cowboy boots, but you know, I might try if I could ever come out.
I might get some. Please do. Yeah. We got some fountain boosts to read. Who goes first? Well, I color coded these. And I also put a legend there in the color code and the color code has been the same since we started this.
All right. Late stage huddle, 55,500, hold on, did we say we're not going to do the numbers? No, I said, well, we'll do the biggest one throughout the numbers just because we have so many fountain boosts, everybody, we're not going to read the amount.
If you want to know the amount, hey, go to fountain. Biggest boost, late stage huddle, 55,55 sat. Thank you, late stage huddle. You are this month's winner. Best pod in my feed when PMW, exclamation mark, question mark, exclamation mark.
Yes. That stands for weekly. I could hear Max say, this is the ball, tall ruler. Wow. Six times, I rewound it and listened many times, lol, but I don't know this as French phrase, but more occasion, you'll come visit some time for Mardi Gras.
It's so fear, but so much fun. You'll know where America, the first Mardi Gras celebration took place. Question mark, don't say that underwater, fiat city that needs pumps to even exist. Anyway, I digress, keep up the good work, y'all.
Fucking hell, I struggled getting through that. Ooh. I can't even remember what this laissez le bon ton ruler is about. Did we talk about that in the show before? They think we did, yeah.
Fucking hell. I'm getting old, can't I remember? Let's fill us in, late stage huddle, and give us a little American history lesson about Mardi Gras not being in Nollums, but maybe Lozano.
Is that what he means there? I think it's what he means, yeah, like maybe Moby or something like that have the first Mardi Gras. Oh, okay. Well, thank you, late stage huddle. We appreciate the sense.
Next up is Ape, Myth, and Deer. So turn off miners, next April, and cry into pillow. I don't know. We'll see. Probably. Yeah. Crying to pillow, anyhow. Yeah, always. We all eat L-M-F-E-S, Chet.
I know this. I knew it as soon as I saw the L-M-F-A-O. Yeah, right. It's a good truth. L-M-F-A-O, the Bitcoin bugle with the banger to end the show. Who is Dick Greaser? He even got John to spit up his coffee.
Great listen, keep it up, let the good times roll. That's a classic chance. Well, isn't it? That's the good time to roll. Oh, yeah. It seems like something he'd say. Ben 517 BTC up in Lake Satoshi says Max drinks sissy coffee.
The BBB and Max BBB will stand for Babyback Bitch. I've got my baby, baby back, baby back, baby back, baby back. In my neck of the woods, until I max at Lake Satoshi, high value, nonetheless, honestly, you guys do a tremendous job at delivering high value information while keeping it engaging
for the listener, bit by bit and PMM till infinity, plebs will prevail. Go fuck yourself. Chet's dating wit gibs, that is saucy. You heard it here first guys. Next one is B-A-M-F-A-O, tell me what you do.
Enjoyed helping Body and Medi that week was an honor for me as well, just taking a sip of my sissy coffee. Why is my coffee sissy? Because you're drinking it. And you say kaftea. Kaftea? I say.
When I'm at work, I have this sort of coffee that someone of your ilk would probably appreciate. Just like the shittas. What is my ilk motherfucker? Just like greasy. Do you know what I mean?
If I imagine you're just thinking out just a bit greasy, the sort of man that gets to work fiddling around with someone else's pipe. And then you're slurping some sort of the shittest coffee, almost like tar.
You'd spoon it in instant coffee, tar, and that's what I drink at work. So sometimes I just pretend to be you, I think, ah, I'm so high value. I know about mining. I'm a work in mine. That's what I feel.
Sit in my van and sip it and just go, I'm a real man. But when I come home, yeah, sissy coffee all the way. It's kaftea time. Oh, yes. Herma culture. My half-assed containment is putting miners to work, dehydrating wild, foraged plants and drying laundry.
This is the last winter of half-assed contain your heat in the house with a Bitcoin miner before the halving. If you don't have the discipline to always be stacking, better pick up a miner and start half-assed containing the heat to stack via your power bill.
Give your miner a job and put it to work making heat. Very good point. Very good point. I was thinking about permaculture, and I don't think he wants me to dock who he is. He has different dogs where he is on his homestead, and he's got a working dog, and then he's got two dogs that are like pets.
Maybe that's the way we can think about miners too. If you just have a miner running somewhere, that's like a French bulldog on your lap. Then if you have a miner actually heating your home, that's like a great Pyrenees guarding your sheep.
Okay. You like that? I feel a bit bad for the dog though. Just as you were saying now, I was just thinking a bit more deeply about how that other dog might be feeling. I bet he's feeling sleepy.
You know what I mean? The other two are just running in like, "Oh, we're going to get some cuddles and some nice food. We might even go on a walk. We'll sit down and watch the TV and get our chin scratched and the other one's just out in the rain."
I'm just a working dog. It's like, "I've got work to do. I'm a greasy dog who drinks greasy coffee." Yeah. That's true. Maybe he likes it. Yeah. He leans into the row. Fair enough. I feel better.
We got pies. Yoi. Play it past the duchy on the left hand side. I love y'all, bro. We love you too. Next one's Butter Bitcoin. No more NPC voice. Thank you for that Butter Bitcoin. But this butter is so slippery, we still slide into the statistics.
Oh, my gosh. Statistics. Statistics. I'm going to tell you the basics for hashing with basics Bitcoin mining statistics. What are we talking about here? Statistics. Statistics. statistics.
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exahash was three sixty eight over the past month the highest you know what actually didn't do these didn't even write these out well hold on I put them in the wrong place all right hash rate we are going fucking so I'm professional let me put my thing down flipping
and reverse it all right the statistics summer summary how's that for alliteration i like it yeah summer's over there's been a hot one in texas lots of curtailment good things for some minors since we are an extended bear market let's compare the beginning of summer to the end all right
you ready to do this summer starts June 21st for those that don't know our seven uh day moving average was 367 exahash we are now at 394 that's a 7.3 increase over the summer difficulty not too bad june 21st difficulty was 52.35 exahash and we are now at 54.15 so that's only a 3.4
percent increase over that period of time bitcoin price was 29 now it's 26 and something something something hash value which of course is an important number to minors on june 21st it was 24,850 sats per 100 terahash and is now 24,040 so you got a 3.25 decrease in an already difficult
environment to try to be profitable in croyantu pillows mm-hmm a mithrendier called it transaction fees as a percentage of block reward besides those exciting few days that we had at the beginning of may if you look at that chart you see a big giant spike there for a couple days
for the ordinal folks as a percentage of blockwords have been lackluster at best and we can see that from the comparison of hash value except for one particular exciting block eight zero seven zero five seven this block was discovered on september ninth 2023 at 1310 UTC its size was 1.66 meg there
were 2,652 transactions in that block the block subsidy was 6.25 that's not a very exciting block but the fees were 20.013 bitcoin so nice tip yeah that's nice too because as a percentage of
loss reward was 76.2 that's an 8,182,078 sats per v-byte fee cotone is disgusted absolutely fuming looking at that one by or nothing everyone else in that block paid an average of 17 sats
per v-byte so cotone would still be upset live it whoever this entity is they overpaid by 479,867 it's actually not the biggest fee paid though April 4th 2016 in block 409,008 someone paid two 29 billion sats that's 2,912 bitcoin
but what was that as a dollar i mean it doesn't really matter but i'm guessing that the dollar amount now is still higher than that yeah the dollar amount is higher than it was that that did was 2016 2,912.4 bitcoin silly come you could be on a yacht somewhere
they might still be on the yacht somewhere yeah some of those early folks and they paid those super high fees and especially in 2017 because like i don't know what's gonna happen with this bitcoin shit and i just have a lot of it and i don't care and i'm gonna get rid of it right now
before it crashes oh don't tell everyone right no i can't down the down though oh yeah yeah yeah wink wink we all know of course this this got uh the interwebs all in an uproar and people did some sleuthing a gun named mononaut or a gal i don't know and also james and lop by the way
i want to say that foundation devices is is a much better sponsor than kasa i just like them better i do too uh so it's been determined determined by that those two that the wallet belonged to and everybody knows this by this point paypal but it isn't exactly paypal pull in the strings
there it's paxos they provide custody and trading for paypal and they were the ones responsible in the end the block was discovered by f2 pool there was a theory of some fuckery there but a guy named dev fd0 noted that the transaction was in the mempool and not an out-of-band transaction
if you want an explanation of out-of-band go to episode two of blood matter monthly wang chun or chun wang chun wang i don't know depending on your orientation co-founder of f2 pool and founder of stake dot fish that's some shit coin factory by the way f2 pool found this
and one of their founders is a total shit coiner so if you like pps payouts or fpps payouts why don't you use link coin instead of f2 if you need a refresher on payout schemes you can go to our bite-sized bitcoin on that topic uh so chun wang wang chun said initially if no one claims it it
will go to minors if it's not claimed within three days that's what he said that's what he said that's what he said everybody wang chun tonight was pissed that paxo didn't claim it in time because he was saying well i meant three days utc right and paxos claimed it like just before the deadline
on eastern standard time so he's like well you don't understand utc fuck this i'm not giving it to you and then he put a poll up on yeah then he put a poll up on twitter and said what should we do and the choices were refund to paxos 29 percent of yeah 29 percent of people said refund to paxos
so 29 of people on twitter are absolute cocks yep distribute to minors 36 percent 50 50 split 16 percent or freeze it 19 percent what type of fucking retard chooses freeze it yeah i thought that was the dumbest one that is the dumbest one i've it's just like uh if you wrote freeze it
fucking stop listening to this even if you're sending us sats even if you're straight we just fuck off and don't come back that enough of it so that's what everybody thought that that wang chun tonight was gonna do was distribute to minors okay because he put out a poll fucking asking
what do you want me to do in 36 percent said distribute to minors yeah uh so what he ended up was doing was posting this tweet like i guess this guy flies all over the place that's all he does is go visit things because he's super rich yeah uh so he puts the 90th flight in 2023 fiji airways
blah blah blah kent to canbera naughty and bowing 737 uh this is the 780th flight of all time good for fucking you do you think this guy might be autistic i think half of the corners might be autistic because this is the most autistic tweet i've ever seen it's so fucking boring but yet
detailed yeah right come on wang chun yeah everybody wang chun tonight's in fiji and then he posted a picture of a transaction in block 807 832 that ends in 890 charlie six where he returned all the fucking bitcoin what a cock yeah the hell is wrong with you pathetic yeah totally pathetic you know
who's not totally pathetic tell me body mick bodface okay yeah body is actually here in studio with me he came to my house this time creepy he is selling you know well you know he's a buddy of mine that's okay buddies do that kind of stuff we're going over my minors cleaning them all up
doing mining stuff he's a great shit great pal gree he's all greasy you have to see him it is lincoln's second birthday last year when we interviewed met he it was that first birthday yeah we gave him a little birthday celebration and we're going to do it again and body is here
live in studio because he wants to to sing us a little song for us happy birthday maybe happy birthday to me lincoln is to now but i feel 53 we all feel 53 body body feels like a silver
fox too shiny silver fox yeah i assume body has some jokes for us okay boys it's joke time this time i have a birthday themed joke oh well good that's good he's going with a theme okay even though i have owned two birthdays i don't enjoy surprise birthday parties what body why don't you enjoy
surprise birthday parties because all i can think about is how good my friends are at lying to my face i don't know if that's even a joke i feel i feel threatened he's in the room with you you just said you were friends i did what did john lie to you right to your little fucking robot face
right you wrote i would never done that to you man never not once he's gone quiet over there well at least i know that you two will never lie to my face right i never liked your face because i'll probably or hopefully never see your fucking horrible little robot face but i lied to you over
the air you know which hand you are getting whoa whoa what did he say i didn't even hear it he said if you like to him you know which hand you're gonna get oh his pimp hand is strong it is so strong body i'm never gonna lie to you because you know where i live he's there now because he's
there right here with me what hand is on your knee at the moment right or left you'll understand the contact i see you me snuggled up next to you with a hand on your knee as you record his hands like on the back of my neck you know uh that's nice but the right one not the pimp hand not the
pimp hand but it could be the other hand at any moment you don't know you never know that guy always on edge here constantly anxious all right botty well um happy birthday yeah happy birthday metty and lincoln and body and in two years i think they've kind of changed the uh the mining
landscape for the better a hundred percent max we got a special little segment coming up oh yeah what have you got we've got a bite-sized bitcoin called mine your mind oh okay what does this mean it means we're gonna do a little game show and you're going to be the contestant uh this
is what you mentioned to me the other day yeah um i can tell everyone actually because this hurt my feelings a little bit tell you now john's made a game show right he's gonna question me on stuff and i was like all right yeah yeah cool and he was like what i've done is i've written out all the
answers so you don't sound too stupid and i was like in the moment i was like oh okay thanks mate and then i hung up the call um i just felt a bit deflated i felt like oh that's what you think of me is it i'm that stupid i have to read the answers and then i realized i can't read anyway so i haven't
read them so you're going to see just how fucking basic this bitch is oh let's do this welcome to a very special bite-sized bitcoin call on your mind i'm your host kadi hash rate you've been listening for a lot of broadcast on the bit by bit radio network for just over a year
can we want to see what you've learned hash rate difficulty brought reward the outstanding and more this is mine your mind before we begin a friendly reminder that mine your mind is brought to you by the kind and caring folks at fix rigs ladies and gentlemen gather around in london ear we'd like to tell you
what sets fix rigs apart from all the rest at fix rigs they pride themselves on cutting edge diagnostics that'll give you the low down on your miners issues they'll tell you exactly what's what before they start the repairs they've got a crack team of technicians that will work their magic
and get your miner back in tip-top shape they've got top quality replacement parts designed specifically for bit main and what's miners fans power supplies control boards chips you name it they've got it every single one of their repairs goes through a rigorous testing they don't mess about when
it comes to quality they make sure they meet the highest industry standard so trust fix rigs with your asics and you'll be back to mining in a jiffy yes sir rebob fix rigs are the bees knees the cats pajamas the kittens whiskers and by golly their sly as a fox visit them today and get back
to hashing right away fix rigs dot com on x at fix rigs all right back to our program max bit by bit you are our first contestant are you ready to mine your mind born ready let's do this first
question what is hash rate hash rate is the total amount of hash on the network if you add it all up together very good max next question what is the incorrect name given to the health
inning hmm that would be halving or halving john fantastic explain the health inning the how thinning is something that happens every four years and this is where the block subsidy
gets cut in half and this continues to happen every four years forever until we get to effect three zero is that good enough for you you're amazing you see you fucking send me over answers the questions or special needs you only put that as your your display name for every call
that we have now yeah that's true managing expectations yeah low name two common payout schemes used by mining pools fpps ppl and s very good thank you let's move on to basic electricity max a million von Bittenstein what is voltage
don't you click that screen don't you do it and scroll down um it is a company in the bitcoin world that's been established for i believe three to four years i'm not wrong you're not wrong i just answered the wrong question in terms of electricity
what is voltage yeah not fucked that may well i'll give you the answer voltage is the difference of potential between two poles that allow the movement of electrons to occur oh of course it is yeah yeah max what is current mmm is it how it moves a bit like with water we're going to go with
that very good what is power mmm the amount of energy that moves or is there very good you've got two forms of power which is a a function of work you've got jewels which is this the potential that is there and then you have watts which is that movement of power over time max would you care
to explain jewels law i would not jump yeah i'm sorry to give you that that's okay we can let listeners know that jewels law states that power which is in watts is equal to voltage which is in volts times current in amps that's jewels law and you can do all kinds of fun things with it
sounds like it convert 3,500 watts at 240 volts to amps let's see how good your algebra is it's probably about 14.5 a is now that's incredible yes who's the oldest now i you get so many dings for that one it's body impressed yeah he isn't actually fell asleep oh 3500 watts i chose that
because that's like a powered up asic 240 volts that's what you want to run it off of 14.58 amps that's close to 15 so you wouldn't want to use a 15 amp breaker for that go ahead and throw in a 20 okay cost to mine it's a very important segment max let's see if you've brushed
up on your cost to mine fucking out i know you listen to all of these bite-sized bitcoins before we began this segment i've edited them all so maybe they're somewhere deep down in my brain they had to have gotten in there some somehow you spent all these hours editing this shit
you just go into a different place what's the question again i didn't ask a question okay i got you all you're all juiced up yeah what what is a watt hour uh how much power is used in an hour very good that was an easy one now we're going to go to a more difficult one this is math heavy
so everybody get out your papers and your pencils let's calculate the cost to mine a 3500 watt bitcoin mining server over a 24 hour period okay 10 cents a kilowatt hour rate how would we go about doing that max so a kilowatt hour is 10 cents so 3500 watts is that is a kilowatt a thousand
a thousand yes so it's 3.5 i'm too dumb for this shit mate 3.5 kilowatts yeah in 24 hours i'll give you the answer to that one that that'll be your first variable you're giving that's 84 kilowatt hours oh so it was right so it's just that times the amount of hours hours in the day do you know
what happens to me when i get put under pressure with maths bran goes blank and you want to fight somebody no i don't want to fight anyone i just sort of i just go like blank and stressed and i'm like uh if i'm like sat calmly working something now not being questioned on it i'll work shit out
but i go back to like school days and i'm just like i don't know they're like get out man terrible teachers they have in the uk so once you have the 84 kilowatt hours you can just multiply that by any rate right okay so if we're doing 84 kilowatt hours times 10 cents kilowatt hour yeah what is our
cost per day to mine eight forty very good max now let's move to the united kingdom i'm an encouraging teacher your current average is 30 p a kilowatt hour mm-hmm what is our cost to mine per kilowatt hour at 30 p it's just three times eight forty whatever that is yeah point three times
eight forty or eight the point three times 84 yeah i'm not good at times table all right that's 25 pounds a day oh that is dirty isn't it it is dirty that is dirty and what are you getting like a quid or something uh let's see 25 000 seven uh you get like eight bucks no six it's six it's six
something you get six dollars but you pay 25 pounds yeah that's not bad huh it's a good deal spend spend like thirty five dollars or whatever that is 25 pounds to get fuckhole yeah brilliant you might get heat though yeah this is true moving on what is hash value we go over the statistics
every month um is it the amount that you mine per day based on your hash rate yeah per day we're gonna give you that one you don't worry about your power bill because that only comes once a month this is true hash values calculated every day so you only have to be miserable one day a
month if you think about it good point what is hash price hmm is it the cost it is to mine every day no it's going to be the amount in cuckbox hmm very good okay which i think is about six dollars we read it but i'm not going to scroll up because i don't want to lose my place okay here's a complicated
one for you cool so stressed in my just yes or no questions there's no math okay what we'll do is we'll put this quiz out there and see how well people do love and fill it out love miners are fucking nerds they'd love this shit yeah but they've got to be honest about your answers give us um
how many questions are that you know a bunch sorry how many you go out of a bunch yeah i mean i'll figure out how many questions there are i'll grade you okay send them in we'll grade the papers if current bitcoin price is 26 000 and our 3500 watt machine at 110 tera hash gets us 25 000
773 sats per day are we profitable at 10 cents a kilowatt hour no very good but we are at 8.8 cents block header i know you edited a lot of these so you got this what you mean i edited a lot of these oh the uh the transaction they did two of them on transactions i know but i really zone out
when i hear you're my nocinous voice oh well i'll go up and down all that time like this what are the components of a candidate bitcoin block header what are the components of a canada bitcoin block header i don't know the candidate block header fields are version number previous blocks hash
the merkel root of proposed transactions the time stamp target for proof of work and a nonce well i actually actually shouldn't have uh uh myself the host participates in this game yeah well done thank you i've got the answers in front of me
i wrote the questions i wrote the questions still well done hey and break my arm pat myself on the back transaction data the transaction data within a bitcoin block contains information about each transaction included in the blocks name some some of the key characteristics of the transaction
data you can anything just give me one addresses yeah sure input and output addresses okay so so proud of you what this is in your wheelhouse you love that shit input and output addresses amount of bitcoin being transferred transaction fees signature data and scripts are used specifically
to specify the conditions under which the bitcoin being transferred can be spent i bet you right now brother rabbit and q&a are so proud of you i hope so they're proud of you anyhow i really work hard every day just thinking one day one day they'll be proud of me i'm proud of you it's like i don't know
that definitely counts i'm not british though so counts less you know greasy more if anything i think international congrats and backpacking yeah patting not backpacking but we go backpacking too stay in a hospital i don't know it'll be an experience that sounds creepy
not the same hostel we'll get different ones okay so we're not creepy a bitcoin mining server now you recorded this one yourself okay all right you know name the parts of a bitcoin mining server also known as an asic uh fans yeah chips mm-hmm boards sure psu's oh do you like acronyms i do
okay yeah blinky lights hey nailing it you win do i i've done enough yeah you've done enough okay good moving on to bip 300 bip 300 also known as drive chains is a bitcoin improvement proposal that
will allow side chains of separate blockchains on top of bitcoin max this is the final mine your mind question are drive trains a gay b lame c retarded or d regarded hmm why have you got
finished on such a tough one i felt like i was getting into a bit of a flow and then you it fucking hit me with this is for all the marbles would you like me to read the choices over again yeah i call my our drive trains a gay b lame c retarded or d regarded i'm going to go with a
gay very good max bid by bids you are this episode's grand prize winner and remember folks when you have the time review episodes of like five bitcoin to mine your mind i've been your host johnny
hashrate see you next time you no longer have to be nervous the game show is over i honestly i got really fucking nervous with that math stuff it's okay we'll see how everyone else does like a bit jittery you didn't have i i gotta do i gotta have paper and pencil i should have told you there was
going to be maths but i did send you this whole entire no i know but as you know just skim it over raise your shit before we record i sometimes open it you know i'll read the top i'm like all right what's this about i'm like plug mine a monthly episode 10 all right okay i got it yeah
it's the tenth time we're doing this cool understood next we have some fountain boosts first one is mr mr it's pie z max no it's not pie that says it's pie's fucking mr mr mr is throwing a wrench in here it's so confusing i'm confused i thought it was pies like who i ate all the pies i thought it was
pies too yeah and then mr mr comes in uh now i don't know again it's pies because pies said it was can we trust him though that's the question you know what this is probably mr mr and pies of the same person and they're fucking with us uh could well be couldn't uh mr poise
either way mr mr says music is good think young ones that if you'll say boost max you said you are not familiar with the young ones uh i'm too actually i'm too young you're too young for the young ones but that was a bbc show about a couple of fellas that lived in a flat and they were also very
different and this was the theme song so cheeky
wow and over here the young ones played they replayed it on mtv so it was hip and cool back then in late 80s there you go now you're familiar with the young ones so that should make mr mr happy my life is complete yeah mine too next one is wartime psychopath had a nice time with him in
like satoshi good dude fire and a cheers next is decriminal nature she says electricity mushroom electricity and she says we want to solar mine and dehydrate our mushrooms to sunshine mushroom sunshine and they're over there at the psilocybin citadel and the west coast and they're setting
things up and growing mushrooms and dehydrating them with bitcoin mining and it's going to be wonderful i'd like to try that try mushrooms yeah i've never tried mushrooms always been a bit scared because i always thought like oh what if i go to like a dark place here but then i like the idea
of like the good stuff like some people are like oh yes amazing and you know sort out this problem and that problem and blah blah and like people rave about it i'm like it sounds really cool i'm just a bit of a pussy i think i'm just a bit like and i want to be in the right setting so maybe
i've got to go over there and they can sort me out yeah with a guide would you get involved me that's not really your thing is a nail nail to the ex buddy that's not my kind of thing street edge bro oh really no i'm not street edge but but i was i was gonna say i just don't get it every
time i speak i'm like how's it going yeah just having a little margarita i don't say margarita the fuck out you're always pumping around a little margarita yeah in a chihuahua underneath my arm so not straight edge not straight edge but not not doing drugs
okay doing that but you do you have at it okay goes to shared rec says we're living in a brave new world hmm not wrong have you read that no no it's not that good i thought it was going to be brilliant and and then read it a couple of months ago and i was a bit underwhelmed if i'm honest so you know
uh huxley who who wrote that his brother i think with all this huxley and he helped start the united nations really yeah so it's like he was writing about his brother ah that makes more sense than actually in context in context that makes a lot more sense but it was yeah it was just like it was
okay a bit underwhelming well transport yourself back 60 years or so maybe wouldn't be underwhelming yeah yeah this is why you can't do mushrooms jaded miserable miserable yeah okay i feel like you've read these sort of you've missed some and now i'm lost on where we are on the page i didn't miss
and i didn't miss anything oh okay we are out of yours i just did all of my laws and now i do all of mine okay it's called professionalism okay i've heard of it i'm yet to experience it on this show someday check well because you fucks made a deal out of the boosters on twitter here's your
pre-listen boost lol max save all these boosts for a plane ticket to the land of all more hers i don't know what that means america you can actually text him and he says it's supposed to be mothers ah okay i thought it was like some sort of inside joke and then he's gone dot dot dot
america you can't like i should know what more hers is hey i have to tell you something i did fuck up i did fuck up all this order and stuff it is 100 percent my fault yes all right good now i get a mr mr booster read he says ha ha yes i can fill you in the young ones was a classic tv show
circa 1980 and it had musical interludes not incidental but both as a midpoint in the show but also as guest stars the point is their music was a feature and a useful interlude to the second half too much you did ask so very much our show is very much like the young ones with our musical
interludes maybe i was inspired as a child and that's why the show is like this and the special needs british accent yeah that helps that's what i bring to the show i could be afraid with the young ones mr mr says mining mafia represent and he says because i can wartime psycho says cheers
pies thank you gentlemen no thank you pies pie says how do i get an invite to get jumped into the pleb minor mafia gang son well i replied on fountain but if you must know you can message me on on the twitters or on the telegrams i will get you in there pies and then we can discuss the pronunciation
of your name yes let's do that you can send a voice note so please contact me pies i'll get you in oh a lovely little message here from norman remnant can't fuck all in capitals i wonder what that means it's deep mr mr i guess they have read mine if they read yours
meh yeah if we if we read can't fuck i i guess everything so that's a response to that one okay permaculture i always thought mining with solar power wasn't worth it unless you already have the solar power system or the miners desert dave defying those assumptions keep capturing that
natural energy and storing it in the form of sats bitcoin is subject to the laws of nature after all i agree yeah i thought the same thing those are fountain boosts from our desert dave interview little bit leftovers we'll throw them in here too um we'll probably end up doing the
same thing with this this month's pleb minor wild it was a long one and a good one uh we got a big old baller fountain boosts from the fountain web app i guess you can boost from there it says like hands praying hands like thank you a heart and a little mountain with the sun shining over it beautiful
and ape mith randere said desert dave is a cool dude you're not wrong all right we got three more i left this one for you because you're so good at reading all the emojis okay let me scroll down pies pleb mining in the desert sun exclamation mark exclamation mark
exclamation mark exclamation mark what a beautiful thing what a beautiful ting exclamation mark exclamation mark exclamation mark and then at pies again fire desert island hashtag mushroom beers mushroom desert island hashtag yoga yoga yoga yoga mushroom
desert island but not with a tree but with like a little umbrella thing hashtag fire head in hand emoji high five emoji or praying which have way you look at it biz
for gas balls great listen mmm is that fake gas balls for your gas balls what's that i thought emcot cheers biz cheers to you very much yeah thank you whenever i see that i always think of that ercot ercot emcot what's the difference yeah all right some pleb minor monthly action news
yeah i'm hiding stance to give you the skinny to know how to scoop info you need to know because man with new login insight they go in base though but energy market up there do you have any field fire and your actors match beside it and jaundy
and now my mommy gave me this little sound thing did she yeah where did she get it from i don't know
where she got it from but she thought oh it would be so cute if you and max could use that on your show your little show and we have and we have did you send my love to your mom i did yes you're sitting on the couch last night and i said by the way max senses love what does she say
she said fuck that little twit oh no she didn't say that oh he's so cute maybe she said something like that oh that's not an exact i want to know exactly what she said hold on hold on mom mom fuck you john i never did like you either as a baby you was a bitch
oh that's me in a couple who should say that hey when i told you last night that max senses love i couldn't remember what you said i said i love you john's mom thank you i love you do i love
you show oh did you hear that i love you to your show i wish she was my mom that's so sweet you can adopt you i'd like that okay we'll write up the paperwork now that means i'll be coming to america yay get out of that fucking shithole you live in i would love to you can move to texas like
riot has first up riot receives thirty one million dollars in energy credits boom bitcoins hash price has dropped to a level solo that mining companies may be better off utilizing parts of their proprietary hashrate to do something else than mining for a better gross
margin riot mined 330 bitcoin in august worth currently 8.7 million while receiving 24.2 million in power credits and 7.4 million in demand response credits but you know the miner mag analyzed this and says that translates to a realized hashrate of 14.6 exa hash which is 132 percent of riots
installed hashrate capacity of 10.7 riot had similar energy programs in 2022 but never realized more than 100 percent of its installed hashrate since bitcoins hash price in the summer of 22 was mainly around 90 dollars to 110 dollars per pet hash what a better year last year was over the past three
months it topped at 80 and now hovers above 60 dollars per pet hash according to lincoln lens it's 63 wow that's a lot of money for not mining what a sad state of affairs you're better off just not yeah saves and crying into their pillows though it does save them yeah eight mithren deer if you
don't want to cry into your pillow get millions of dollars in investment start a public mining company move to texas and call base loan you'll figure out how to get all these deals for you they can wipe away those tears with hundred dollar bills uh riots able to take advantage
of these curtailment programs their estimated cost of bitcoin production in august was eight thousand four hundred dollars per bitcoin that's how much cost them per bitcoin wow that's incredible some other organizations like core they're at 13,500 hut eight is at 21,900 per bitcoin
some other stats from these large companies they're able to hold on to large amounts of bitcoin marathon mine over 1,000 bitcoin last month and holds over 13,000 bitcoin okay no foundry has a quarter of the hash rate and pool has a quarter of the hash rate f2 pool if you're on f2 get off f2
pool and get on lincoln they have 13 percent of the overall hash rate when we talk about these numbers it brings up feelings of centralization which is kind of scary and not very bitcoiny an anon pleb that we know wrote a short op ed about this and he says the 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 however sidelined 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 and we tend to agree what do we do max pirate the power i really think that is the actual answer to all of this
go on about the pirating the power i mean it just means steel or well there's two different approaches that i would take one would be any person who has a business that uses any amount of energy should all be plugging in at least a minor using it for heat ideally but even if they're not
then you can write off the cost of your power against your business so effectively it's free all you're doing is paying less tax so you're fucking the government by paying less tax for a star which is brilliant secondly you're mining bitcoin which can go into your pocket so you're
making more money and also fucking the government because they can't have those stats that would be one approach and i think it's an approach that almost every business could do you can do quite a few and it won't make that much of a difference to your overall consumption
so i would say a lot of these businesses that are struggling should be pirating it in that way and then the other thing that smaller households could be doing is just tapping the electric and just doing a small amount just not enough that you're going to get yourself caught but just a machine
or to use it for heat take the power they're not going to check if you don't properly they're very unlikely to find you and this is the way that growers have been doing it for many years and most of them don't get caught unless they're fucking idiots and so yeah that'll be my two top
tips top tier tip from max bid by bid don't you agree don't you think that's smart no why i think i think it's silly why no not the first part the the pirating this tapping in before the meter then maybe if you listen if you're in the right industry i think this i'm up on poles all day long
i mean i mean i would see this shit not that i would report it i don't work for that company you would not say it yes i would see it how i'm up on the pole max i did see exactly the line stepped in or something you just see stuff you're up on a pole right like a gay little pigeon underneath
my stairs i have my meter in there right and just before it hits the meter i tap it off not what i'm saying i've done this right but just in theory before it hits the meter and then whatever you take from there you don't pay for how are you all right that through my walls under my stairs
and looking at my meter to see our meters are on the sides of our houses yeah you get an old house to know what you do is you get the older houses now they're my house is 110 years old yeah no you don't really do old in america because you're not your children new yeah i'm growing up
yet what we do is we have the meters on old houses generally inside the house on new ones they put it outside and you have like this little hex key and they can come and check your meter and do all that but if you get an old house they won't come in because everything's digital now anyway so they
just you know it gets sent to them have anyone come round so as long as you don't take the piss and they go oh hold on this whole area is now up by four percent or whatever because you know it's like a pool of energy there you get away with it so you're not seeing it they're not seeing it
and no one's seeing it and they say physically come into your house and you can choose whether they come in or not they can't just say i'm coming in you have to say i want you to come in so i don't think it is done i think it's smart especially for people who are struggling what's even smarter is
if you have the business that's even better yeah i like that one your your scenario here is rather impractical for the way our our infrastructure is built so for businesses how many businesses couldn't do this and run at least a minor or two fucking loads yeah yeah i agree and that's how
you decentralize it and that can be all over the world that businesses all over the world are struggling every single business uses energy pretty much pretty much everywhere you can claim the energy against your earnings so fucking do it that's it that's how you fix it i think i think
you know small to mid-size organizations that do things like burn you know waste or have a small landfill or something like that they basically have free electricity that'd be a way to decentralize and in those places could be mining hubs maybe the the guy that runs the landfill doesn't want to
run a mining operation but it is okay with you coming in bringing in a container and dropping it there i think smaller electric organizations like co-ops that have substations and they're only using a small part of the capacity is a good way to decentralize waste heat waste capture
creating your own electricity whether it's through small diesel generators solar panels other innovations like that there's going to be a lot of tax credits coming out uh baseload is going to talk about this in his update coming up there's so many tax credits for all these panels that
there's no interconnects to go from the solar panels out into the grid so finding those organizations that have stranded energy stranded solar panels wow catters stranded gas even smaller gas wells there are gas abatement programs here still in pennsylvania a lot of these old gas wells
have been taken out but some still exist and there are some smaller gas companies that aren't connected to pipelines that you might be able to talk to and drop a container or small container and take some load off of there i think just being scrappy scrappy in nature like plebminers are
crazy nature yeah in your best david atenborough impression that's my opinion i like it i think a uh a combination of those two ideas my sort of more criminal element and you're more logical idea a bit of both and we'll sort this all out so what what is a plebminer a little bit of a criminal
a little bit logical you have to actually be a criminal if you're logical these days maybe there's a lot of truth you are actually a criminal chew on that for a little bit while we listen to the intramusic for bitcoin base loads update
what's up y'all base says i find it interesting that apple is marketing a new tool in the home app called grid forecast basically the app will show under the user when the user's grid is clean and when there's a less clean resource available i give this make it similar to an iso mobile app when they
give you voluntary conservation notices asking for folks to turn up the ac turned down the tv's and refrain from taking a hot shower and whatnot in other news the biggest renewable energy conference was this week and it was so large that you hop off the airport in vegas and you can
receive your registration badge right there at the airport with the amount of renewables coming on the grid what's in the interconnect queue and the amount of money flowing from the inflation reduction act it's no wonder this conference was packed with humans i assume a hot topic is
how do we get all the ira money and also what happens to china won't supply us with panels these would be questions i would have anyways electricity the downhill fall and electricity pricing from 2022 is steep in a good way i keep mentioning that it's just a wild and
crazy year for all the energy markets and electricity as well with other energy commodities it's about energy per time it's a kilowatt hour of time and an annual consumption of those same kilowatt correlated in 8,760 hours of that year he's seeking some of the pricing hubs to get back to
somewhat normal keyword is somewhat simple because the stagnant pricing we've had for 10 plus years is just not the same marketplace as we have now if you look at the generation fleet with an irkot as in 2013 win was only 10 percent of the generation fleet mix in 2013 now year to date it is 27 percent what's up y'all
coal electric generation in 2013 in irkot was 37 percent now year to date coal electric generation is 13 percent in 2013 in irkot solar was 0.05 of the fleet and is now in 2023 is 7 percent on average pretty interesting we're looking at historical index of pricing versus
what followed the curve looks like pricing for forward hedges will continue to print for premium until more fuel costs come down enough to yield this correlation gas is still very much needed for power burn and if we didn't have this we would be in big trouble if you're asking yourself if
natural gas is so cheap currently then why is electricity pricing so high that's a really good question and i've wondered that myself he says i've mentioned this enough times for do you understand what's going on here in my view not for you yeah what you'll have to do is if you want a better
understanding of the correlation between natural gas which a lot of the generation is natural gas and it's low and why the pricing hasn't changed subscribe to bitcoin base loads update and religiously read his update that's how you can get a better understanding piece of love y'all thank you bitcoin base load for the music and the update
also uh we ask that you subscribe to nico smid's update in there he's got an excellent article about the in teleflex immersion mining container bar miner and meti and i visited this container while we were down in miami and it is huge and gigantic uh and modular though they had a big giant
one with cooling towers on top and then it was smaller one so if you want to know more about these big giant containers and the innovations there go ahead to nico smid's sub stack and also on ungovernable misfits we have articles from nico from pleb miner month and he has a really good
immersion one so if you just want to understand the basics of immersion uh visit the newly revamped ungovernable misfits website and go to writings and you'll find some of nico's best writings there what do you think of it what did i think of the new website
i love it not bad is it it's not bad at all i really like it so good job to you guys well i did fuck all i just annoyed him he'd be like right i've done all of it and i'd be like can you just change this slightly to the left can you just can you just and i know like it's
never just it's like really fucking annoying for him but now it is done and i'm very very happy with it yeah it's very cool it's sleek um when you bring up the podcast it brings up a whole bunch of them and easy to get in and out of and of course it's aesthetically beautiful but good job mr crown
read our writings listen to our show catch up on bite-sized bitcoins so you can take the quiz and get a hundred percent unlike max i need to be marked i want to know what i got as a percentage all right we'll figure it out okay does anyone get a prize or anything like that oh hmm hmm let me
think i mean if you do it honestly no i'll give somebody something uh what do i have have uh i'll give you a body hat oh the best submission i mean just be honest how many you got right you get a dunce hat if you lose if you're the worst which is probably me then you get a dunce hat
yeah a figure a figurative dunce hat i'm not mailing you a dunce hat no too expensive you don't deserve it you lose uh i'll give you a body hat so fill out the quiz you can refer to our our bite-sized bitcoins only you can't look this shit up have to refer to bite-sized bitcoins like
open book test but you must use our bite-sized bitcoins and i'll give you a body hat good too all right last thing on plebmon or monthly action news is from the bugle who is dick greaser well he's the one that wrote this article paul stroke runs for president of the us to promote bip 300
paul stroke the infamous creator of uh bip 300 has officially announced that he is running for president united states the goal of the campaign appears to be to raise awareness of his bip the move sparks controversy as this marks the first time someone attempted to run for political office
in order to try and influence a bitcoin protocol development david balee the ceo of bicquein magazine was the first person to endure struck and even offered to run as his vp to bring more clout to the ticket balee commented on strokes move saying i want the bitcoin 2024 conference in national to
be overflowed with politicians this is the first time that someone who builds on bitcoin is running for president we need to put blinders on and support him just because he's a bitcoiner pia rushard was unimpressed with the spectacle and proceeded to call everyone involved in the
stunt a spook others criticized the moves saying that it creates a mockery of the proper bitcoin development process penis at dennis porter on the other hand champion the move declaring that behavior like this would bring mass adoption struck as running not a libertarian party ticket
and has stiff competition in the primary despite running against individuals you have never heard of before my goal is to bring awareness about the up 300 i've shouted from stages at conferences and into the abyss of the internet for years without anyone taking me seriously i will now be shouting
the good news from the presidential campaign trail maybe someone will care this time whether not anyone will take him seriously is still a question many individuals have expressed their skepticism of the proposal as a result of the relentless marketing my straw as well as his
use of the terms like zero risk every decision has trade-offs and his unwillingness to admit that creates concerns it is clear that struck has a long road ahead of him struck's campaign has raised one million in donations so far and is targeting 20 million his decision to run for president makes
him the third candidate to be running for president who says nice things about bitcoin thank you dick greaser from the bitcoin bugle dot com was that a natural recording of him yes i think it was i had it here on the sound board your little fruit it's really good his voice it seems like his voice
is it's very accurate it's very accurate did you hear uh him and pia rashard going at it no i didn't uh it's quite funny i was listening to the noted pod which like i think the last one they did was like a year ago it came up and i said ah listen at the end of it they tagged it on it was obviously
from some spaces or something fucking hell you never get that hour and a half back but it was pretty amusing i'll have to check it out to close out our show no wait a minute to close out
my monthly action is now closed out and you could tell by the music our blood monitor on the wild segment will be a separate show it is with travis bit coal i knew that it was going to be a long one because he's an interesting guy and i've been waiting to talk to him for a long time so i had
all kinds of stuff that i wanted to talk to him about and that episode will air a few days after you were listening to this it will it will come hell or come high water i'll get it done before we close out the show i want to talk about some innovations that everyone is building um we will
have an article by travis on his single hashboard build that he built with zack bombster boards and uh wrote up an article and provided some data on how the efficiency of the machines and a bunch of pictures on how to build one but there are lots of guys in our group that are innovating
neat and unique builds uh dirty shot is still plugging away with his direct dc setup sat stacking pleb has built a cool one board build avril from multi-air tech he says he's gonna tear down some s 19s and harvest the single boards and make them available to plebs hopefully at a reasonable price
uh you got gecko science kits that he sells those are like single usb miners decentral we dealt with a lot they gave away a a dragon mint t1 during pleb minor month decentral carries bit axe kits they carry zack bombster boards uh rick carries zack bombster
boards um oh die tiq i never heard of him yeah i heard he's humble though you know winter's coming there are lots of cool builds out there single board builds 120 volt builds space heater builds get prepared now start ordering all of your shrouds and your enclosures your single boards
your zack bombs towards pivotal pleb tech boards whatever you want to call them get ready for your winter builds right now that is my advice this is my third year of heating heating the home with miners and it's different every year and when it gets cold sometimes i'm scrambling to get
them pointed in the right direction so get to it right now thanks for your advice my yeah you're welcome before we close out uh our friend urban hacker has been working on something cool it is called the uh shuriken pie miner don't know how far he is from releasing this officially but we're
going to tease it a little bit the shuriken pie is a bitcoin miner decide to run on a raspberry pie device build your own compact portable and stealth the small size of the shuriken pie and its low electricity consumption means you can set it up anywhere without it being intrusive for those looking
to experiment tinker and innovate shuriken pie offers an open platform to test tweak and experiment with bitcoin mining it's open source without sacrifice the entire project is released under a gpl and open source license you can not only read the code but distribute it and even create
your own variant if you want it's amazing that he's managed to squeeze 200 terra hash out of that thing it's incredible check it out how's he do it he's just so smart yeah he is without fucking around it is pretty cool because if you want to like teach kids how to mine or like do demos
and stuff like that this is like the ideal way yeah with the you know the the bit axe so you have to get a chip and you know still get a pie anywhere it's the same premise with the with the honor yeah it's cool love it uh we got an honorable mention boost real quick from bawn he gets all
of his shit in late and screws up all my notes he's got two boosts from previous episodes he says kickflip backside tail slide a little bit of base load skateboarding stuff and peter gibbons michael bolton samir and a dysfunctional printer i'll let you chew on that did you watch the movie
i told you to watch probably not if you did you'd know i did not did you watch the movie that i told you to watch no no i didn't it's not available in the streaming services i subscribe to oh fuck off go to pirate bay or something okay all right well i've probably had enough of you to be honest
you got stuff to do as well is that it it's not it we got one more boost from butter uh come on maybe the first outro boost oh okay now he wants us to play our outro that we do i've been max and i've been john do you think that's me fuckers that one okay all right mate
bye adios where's the uh where's the outro then i don't have it oh fuck you now all right i'll always do that then give your mama cuddle from me and say her new son will be arriving soon you got to wear like a bonnet or something yeah look cute yeah all right mate thanks for tuning in
i've been john d and i've been max see you next week fuckers
Machine transcript; expect the odd mishearing. Click a passage to play from there.




