PMM005 A Bitcoin mining podcast focused on the Pleb Miner, the stalwart that defends the Bitcoin Network.

I've missed you so much, mate. (laughing) Wish I could say the same. (laughing) This is the only time we talk. A lot of people don't know that. We have no communication with each other, otherwise, be on this show.

- No, no, and I mean that genuinely this month. This month has been hell, dealing with cunts left, right and center. So, speaking of choose, actually quite nice for a change. - No, I thought you were gonna say you don't want to add another cunt in the mix.

- No, I'm being nice. I'm being nice. I'm hoping you reciprocate. - I don't know, this is eerie, it feels weird. It's a little icky. - It's horrible, isn't it? - Nice max, I don't like 'em.

- It's gross. - Yeah, all right, you can. Come on, let's get on with the show. All right, let's do it. First things first, we're gonna give some hats away. Right now. - These trucker style, trendy, cool, too cool for school hats, aren't they?

- That's the one, yeah. They are mesh in the back. They are adjustable with a little plastic strap holes for your big melon or your little pea head, like myself, really cool. You don't have to be a trucker to wear one either.

- Ah, okay, I'm holding myself on then. I did end up, but you told me to fuck off. - I did tell you to fuck off. There's a few people in here that entered, and I'm gonna tell them to fuck off, 'cause either I've given them hats before, or come on, let somebody else have a chance here.

- Shoeing name and shame? Who can fuck off other than me? - All right, let me see. Mr. Crown can fuck off. - He can definitely fuck off, yeah. I think he was just retweeting just to retweet, 'cause he's a good guy like that.

- Yeah, he can still fuck off. - He can still fuck off, yeah. - Kaboom Racks Alex. - Oh, he can definitely fuck off. - Definitely fuck the fuck off. - Yeah, mm-hmm, who else? - Chet's in here.

I love you, Chet. - Should we just say try again next time? - Yeah, he's kind of a big guy. - A try again next time, Chet. - He's far enough away from me that I can call him a cunt. He can't swing at me.

(laughing) - Well, I'm gonna see him. - I'm gonna go to go see him next week, so don't air this until the week after, yeah. - You can take that punch for me. - Fuck off, Chet. My right eye will be for you, my left eye will be for me.

- You little bitch. - That's all the fuck offs, I think. (laughing) Okay, all right, who's included then? - Who is included are people that retweeted the Bitcoin hat guy, no Bitcoin hat giveaway from my minor monthly on bit by bit pod.

- It's a lot to say. - You had to, you'd know all about that. - So she said, hello, fistful of sats. Fistful of sats, he entered. Yep, he retweeted, he commented, he followed our sponsors who are Link Coin Pool, Fix Rigs, Peach Bitcoin, and Kaboom Racks Alex, so hopefully he followed all of them.

He also have Jamie Bergen, Carl, Bearded in Bitcoin. I know who Bearded in Bitcoin is, by the way. - No, I looked at the bid, it looks recognizable. - Yeah, very familiar beards are fooling anyone.

- Mm-mm, got a guy named Brent, Dude I'm Stoked, BTC Speedboat, that is Barnminer's friend down there in a dirty, dirty South. - He's got friends, business relationships. - Okay, I think Barnminer says.

- Yeah, he's incapable of friendship. (laughing) Mr. Crown was told to fuck off. Dwight Halpert, that seems to be a combination of Dwight Schrute and Jim Halpert from the office. That's very, very witty.

- Clever. - Yeah, this guy entered every single giveaway we had for Pledminer month, every single one. - Did he win any? - Yeah, he did, I sent him stuff. - What did he win? - I think stickers in a brains book, like stickers from Brinky.

- Okay. - It's a pretty good swag, yeah. - Yeah, it's a pretty good swag, yeah. - I like that he's consistent though. - He's consistent with entering stuff. - Mm-hmm, I've never seen him comment on anything or share or retweet the show otherwise.

- All right, stick the game up, Dwight. - Yeah, you're in the not fuck off, but do better stage here. - Come back next time. - We have Chet, that's a double entry. - Yep, sorry Chet. - Real pizza Andy, I always like that name.

What a name, real pizza Andy. - It is good. - Yeah, I had tweeted something the other day about marijuana and 420. - I saw that. - I told I should be calling it cannabis that marijuana is a pejorative.

- Oh, why is that? - I don't know. - The neo-cons made it up to disparage cannabis because it was such a good source of fuel and rope. - Well, have you ever seen that video where they make car panels out of it?

- No. - It's worth watching. There's this video, pretty sure it's real, where they use hemp to make car panels rather than steel and they seem to be strong as fuck and obviously wouldn't rust either.

They're like, they make this car panel and there's a guy takes like a big lump hammer to it. It's just smashing it and it barely fucking moves or bends. It's really interesting. I was like, okay.

There was that big thing about them trying to stop it because they were sort of interfering, like you say with fuel and my laptop screens flickering. I don't like that, it's a new laptop.

- Oh, yeah, warranty service, boy. It would actually still be a warranty. It's never even left my desk. Should've made it out of hemp. (laughs) Hey, you know who's suppressing the hemp car bodies?

Who's that? Big steel. - Big steel? - Big egg. (laughs) - We also have Suffolk Bitcoin to round out the entries. You say Suffolk? - Yeah, Suffolk. Norfolk. - Norfolk, Suffolk. - All right, we say it the same way here.

Who knew? - Me? - Yes, of course. All right, so what I did, I'm not a big entropy guy. You know, we should get like a super fat hodl or something to make us a contest. - Super fat. - Super fat.

Everybody's fucking hodl, so I just said hodl. (laughs) - It's actually quite a good name, super fat hodl. (laughs) - Super fat aero to make us something. Some kind of entropy generator thing picking giveaways.

- Well, he, she, they do this as the show, occasionally, so we will, well, we don't even need to reach out. Super fat aero, can you do that, please? - Yes, I can. - It's already done. - Wow, that was fast.

- Did you see what him and that fucking retard MTC has built, border wallet, is now in Sparrow? - Yes, I did see that, and it was on the most recent update, which I haven't done yet. - Me neither, very lackadaisical about that.

I'm gonna get on it. I always think it's good just to wait a little bit at these things, but it's pretty fucking cool. - Yeah, I'm excited to see it as well. - Well, here's what we're gonna do, Max.

There's really only six people that completely qualified, meaning that they followed all of the sponsors they're supposed to follow, and they weren't somebody who's already received a hat for free from me.

So I have them randomly written down here, and you're just gonna pick a number between one through six. - Okay, six. - Motherfucker, Dwight Halpert. (laughs) - All right, Dwight, there we are.

But we wanna see more from you, reform, please. We wanna see you shill the show. We wanna see you retweet. - We wanna see it all. - Should be the biggest bid by bid plebminer monthly apostle around.

- Yeah. - He's a paid shill, essentially, at this point, Dwight Halpert. - We believe in you, Dwight. - Let's pick another one, Max. I'm feeling generous. - Oh, so Dwight gets one and someone else?

- Yeah, sure. - Okay, six. You stupid son of a bitch. - No, you can't do six twice. - Two, please. - Two, Jamie Bergen. There you go, Jamie. That's a good guy. Not that Dwight Halpert's not a good guy.

- I'm sure Dwight's a good guy. - He's a good guy, I'm sure. Even if he's a guy, Z-Z-M-Z. Z-Z-Z-M-Z. Would you like to start the show now, Max? Max bid by bid? - Yeah. - Push the button. - That's the wrong button.

Say push the button, I guess. - Time has come to push the button. - We're fucking pushing them. - Jesus. - Bitcoin. - It's a sticky button. - It's an ooh. - That's all. - Let's go. - I'm sticking for that reason, you sicko.

- Now, what's the Bitcoin? - I believe it. - Bitcoin's like rat poison. - Yeah. - Is that Badger's voice? He sounds like a real street dog. - Bitcoin will go to the phone. - No, that's not bad at all.

Badger's is a very nicely spoken gentleman. (laughing) - Yeah. (laughing) - Hey, welcome to "Pled Matter Monthly", everybody. We've already talked quite a bit on the show. - We have already two months.

- We're already sick of hearing us, yeah. Let's just get right into fountain boost, Max. Okay. Paul M, 59,069 Sats. - Whoa, man. - Big, big boost. Got a big boost, 59,069 Sats. Please keep this show to one language only.

American English is best for me, thanks. Y'all, all joking aside. Y'all, keep up the good work. Thanks for everything you do and the value you provide. Thanks for including me as a pleb in your pleb Adele.

And can anyone, even Satoshi himself, please buy my Miami conference ticket from me? I really don't want these things to go to waste and I can't sell the damn things. Yeah, because it's shit.

I think I'm gonna create a new fountain account after this under a Nim maybe. Thank you very much for the Sats. Good luck selling those tickets, but yeah, fuck Miami. I have my interest. I'm not gonna be getting any Sats from me, mate.

Sarah and I have been talking about it and I'm like, well, I'd just rather do other things like go visit chat. Speaking of chat, 21,000 and 21 Sats. Another banger, y'all are dialed in. A lot of y'all's here.

Do you think this was influenced from your retaliation last week? Yeah, I think it's pushback. Nobody likes yins. Okay. And I just went deaf to one of y'all screaming while giving birth and mouth hashing.

That's you, big mouth. (both laughing) LFG Bitcoin wins because there are millions of plebs in a new pleb born every day. Y'all keep doing the work of the higher power. Satoshi, thank you.

Truly, thank you, fellas. What a sincere guy. That's very sweet. Tech Engineer 10,021 Sats. Big Sats amounts coming in at the moment. We're bawling. A lot of love. An extra 21 Sats for teaching me a new language.

I need to go wash my truck. Keep the hash signal coming. Hey, keep them trucks clean. Get all sold off and we'll start to ride. Don't get them started, Tech Engineer, fuck's sake. (both screaming) 10,000 Sats.

Already listened to these cunts. What a cursing on this. Oof, oof. On the YouTube link because it came out before the V for V. Max is a slacker. Like that's your fault. Just hopping in here to boost.

Go fuck yourself. That's very sweet. Thanks, bum mona. I'm very happy that it annoys you. We live for that. And now, statistic. (upbeat music)

Statistics, statistics. (upbeat music) I'm gonna tell you the basics for hashing with basics. Bitcoin mining statistics. (upbeat music) Check it out. (upbeat music) I'll be walking around science.

What are we talking about, kid? Statistics, statistics. Hello. I'm gonna tell you the basics for hashing with basics. Bitcoin mining statistics. (upbeat music) What are we talking about, kid?

Statistics. Statistics brought to you by linkcoin mining and their linkcoin lens. (upbeat music) Now, I'll wait. Very nice. I'm thirsty. That's lens.linkcoin.com. That was like a call. That was like a call.

(laughs) I'm no longer thirsty. (laughs) We use lens here by linkcoin to derive our statistics on Pledminor Monthly. Customizable charts are easy to make from hash value, price difficulty, transaction fees as a percentage of block reward, and more, as well as the minor compare tool, which is one of my favorites.

Starting out, we have global hash rate. Global hash rate on a 30 day moving average is 346s exahash. Linkcoin pool's hash rate is 777 petahash. Max, when we first started this show, it was 536 petahash.

That's how much they've grown. I would like to think that we're responsible for almost all of that. Yeah, pretty much. So you are welcome, Meddy. Yeah, you are welcome, Meddy. What a deal he's getting on this show.

I know. He just gives one massage to you a month and that's it. Not even a good one. He just kind of rips in my trapezius. Slap about on a happy ending. Oh, you're all done, pal. You're welcome.

Over the past month, the highest one day moving average, you know, I love this bonkers number, was almost 400 exahash. Oof. Oh man, that was on April 17th. Smooth out the graph a bit, and look at the seven day moving average.

The highest was 359 and move way out. The 60 day average is around 332 exahash. Big numbers, no doubt. I'm not very good at my exahashes and all the whatever it goes to, pessahashes and exahashes.

What happens after an exahash? I don't know, I've never looked it up. (laughing) I don't want to know. If it went to 400 and then it went to 1,000, is it then the new thing after 1,000 exahashes?

I believe so, yeah. So what's that? You don't know. I don't know. 'Cause it could happen. Look it up while I'm doing all this reading. Fine, I'm just fucking, hold on, actually. Well, you do that.

I will talk to the audience about difficulty. Exahash, oh, hello. You gonna do the rest of the-- I'll go a little crazier here. For value and transaction fees. Nope, she's gonna suck her finger.

That's what you've got to say. You've got all she's gonna do. One more time you can say hi to Max. Do you know what's after an exahash? No. Girl one, girl two, girl three. Girl four. (laughing) Girl five.

Come on, what's after an exahash? Keelahash mega hash. What's the difference between, do you know I can't even find it with Google? Usually you see mega hashes, keelahashes. Ah, here we are.

Petahash exahash zeta hash. Ooh, that's a good one for you to say. It's pretty cool, isn't it? One zeta hash is one, followed by zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, zero, one, sextilian hashes per second.

(buzzer) Mine blowing. Hey, thank God for saying this. That's gonna happen by-- That's a lot of zeros. 2040, that's happening. 2040, writing it down. By 2040. By 2040, that's a catch-all, isn't it?

Yeah. All right, back to the numbers here. Difficulty threshold just increased from 48.71 trillion on our last recording. We were at, oh, just increased to 48.71 trillion. Last recording, we were at 43.77, then jump 7%.

That's a hit, the 46.87. 2016 blocks later, we got a 2.25% increase of 47.89, then an upward adjustment of 1.2% to 48.71. And that's where we are now. Painful, indeed, keeps creeping. That's what it does.

Hash value is now 25,818 sats per day per 100 tera hash machine. Transaction fees as a percentage of block reward. Currently, we are at 3% for transaction fees as a percentage of block reward as an average.

Throughout the month, though, we've had some good days in that regard. On March 23rd, we got up to almost 5%. Big money. Are we now going to have less of these transaction fees because these one sapper bites are clearing?

Yeah, I saw that the other day. Well, we'll see. That made excite people. Maybe that depressed a lot of people. It excites me. I was finding I was sort of setting my averages to like four.

And I was like, oh, this feels wrong. I felt a bit dirty doing it. I liked it, but I felt dirty. And now I'm back to one sapper bite, bro. Yeah, keeping it reels. Machine profitability and the expected amount of sats per day from the machine prices.

Using the minor compare tool on Link Coin Lens, we see that the Kaboom Racks X9 will get you 3,614 sats a day. Machines are worth $69 on April 20th the other day. What's an X9? S9. Did I call it an X9?

I made it up. And I was like, oh, it'd be quite nice if they went back and did like an X9. They liked it a throwback looking one, but it's really fucking good. The internals changed, but they keep it looking the same.

Yeah, maybe it plays pump it up. Give you a laser light show. 69. 69 bucks. There's so many people in the UK. And when I say so many people, they're like at least four who are constantly writing like, oh, one on S9.

Can you get one? And they're like, I keep like saying, oh, can we get a group of people together? And then maybe we can get them in. And it just never happens. That was the time. I agree.

Well, that was a one day thing for 420. Get it? 69, 420 with those guys that Kaboom racks are wily ones. But then they got you. They get $15 for a power supply on top of that. And that's where they nickel and dime you.

Yeah, but don't people get a cable if they use our code? Why, as a matter of fact, they do, Max. If you tell Alex about the code Pledminer, he's going to give you some free ugly cables. So they could have got for $69 an S9 with a cable if they use Pledminer and they write to Alex.

Yeah, yeah, but no power supply. But you didn't. So go ahead. Wait till next year. Wait till next 420, bro. That machine is going to gain you a dollar and one cent a day's worth of Bitcoin and cost you $3.25 a day to run.

At what rate? At 10 cent, I always do 10 cents a kilowatt hour. 10 cents, fair. OK. All right, and now we're going to do some new gen mining machines because we all need to start gearing ourselves up for the fact that you're going to be trading in some of your old machines and upgrading to new gen mining machines.

So I'm just going to do new mining machine. A little bit of price analysis. I talked to Alex the other day, and he seems to think that older gen, the S19, the M31S++, are going to dip in price before the halving.

OK. I found that kind of interesting. Why? Why? Why do you think people will be upgrading to new machines before the halving to get ready for it? I don't know. I don't know whether the idea of upgrading feels weird to me.

I'd only ever buy more hardware and run what I had into the ground. But that's just me. Maybe other people, you want to get those machines online. I mean, you're paid for them. You need the increase in efficiency because as we see the difficulty just keeps going up.

A lot of people only have a limited amount of power at their location. Yeah, that's true. More space. And what happens in that case? Say that you have some S19s, and you go, do you know what?

I actually, I need to get something newer here. Can you speak to Alex and be like, look, I've got 10 S19s, but I want to upgrade and do like a trade-in thing? Or how does that work? Yeah, that's something that I had written for the ad read for Kaboom Racks.

But sure, that is a brokering is another service that Alex can provide you. Kind of included all in the price. OK, well, you have these machines all for you, X for them. And I'll take that off of the-- just like trading in your vehicle.

So he's a sleazy car salesman. Yeah, pretty much. OK. He fits the bill. That's what we got along. But what's minor? M50S, 128 tera hash at 26 joules per tera hash. Alex can sell you one for $3,220 today.

And you will receive in your mining rewards, 33,047 sets. Home minor warning on the M50S, or at least the M50. A very good friend of the program recently traded out his M30S plus pluses for it, M50s.

And I'm not sure if he got Ss or not. But he says the new machines are significantly louder in his home. Like, he was pissed that his own noise mitigation setup wasn't cut in the mustard.

Don't they have like different settings? They have like three settings on the what's my nose. They do. You can have a low power mode. But I don't think his intention was to run it at low power.

No, no, no, no. OK, full blast. Get them sats. So I think he's had to make some adjustments on his noise mitigation setup. OK, better than mine. Moving on, the Bitmain Ant minor S19XB 141 tera hash with a whopping 21.5 joules per tera hash efficiency.

That's going to cost you a bit more. Alex can get you one for 4,680 slave notes, cuck bucks. Filthy fiat. It's up to you, whatever you want to call it. Slave notes. Slave notes, I think I got that one from you.

I think I got that one from Baddars. I'm pretty sure that I really enjoy it. Just take credit for it. No, no, credit where credit's due. I throw it around with normies all the time. You often see their face drop and be like, what?

Going into like a quick explanation and then try an orange pill hard. You have five seconds go. That machine is going to get you 36,403 sat today. But have a little feedback on the S19XPs.

Another friend of ours is processing a lot of the hydros. And we know other people that are processing some of the XPs. And they're telling us a failure rate of around 5%. Ooh, that sounds pretty high.

Yeah. And you can't swap cards. So say you get 50 of these machines in and you're putting them in racks and filling them up. You can't say, OK, let me Frankenstein some of these things. And I'll just send a whole machine with three bad cards to the manufacturer and they'll have to fix that and send it back.

They say no. Right. They won't do it. That doesn't sound good at all. 5%. No, that's bunk. I'd be super pissed if I were somebody that had enough money to buy a whole ton of machines. Statistics has been brought to you by Lincoin pool.

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trigger them with signals like hash price or energy price, and automate informed decisions in real time. Rails is compatible with all major Asics. What does that mean in English? What that means in English is that you can program certain signals to hit from your machines or from the grid

or from something that keeps statistics like Bitcoin price, hash value, things like that, and so say this happens. You have to curtail. And instead of saying, okay, I need somebody on site at 10 o'clock in the morning, when the electricity company tells me to curtail, and I'm gonna have to start

turning off all these machines, you can program that into Rails and it will go into the machines and either put them in low power mode. If that's something that you wanna do, stop them from hashing.

If it's 10 o'clock at night, and there was a recent story about someplace either in Canada or the Pacific Northwest, or I think it was Ontario where they were offering really ridiculously low rates, something like two, three cents a kilowatt hour for nighttime rates.

So that nighttime rate kicks in. Guess what? Now you wanna overclock your machines if you're able to. Rails can handle that. Okay, so it's like automation, basically. Yeah, it's automation, but you can do it on all kinds of different points, temperature.

If it's just too hot, it'll see that and it'll underclock them. It's a pretty powerful tool and, wait, Medi just keeps coming up with shit. It's like every couple of weeks he's come up with something else.

Has he got too much time on his hands? Do we need to increase it to two massages a month or something? I might have to do that, slow that guy down a little bit. Well, what a Medi, that sounds pretty fucking cool.

I agree. If you want to learn more about Rails, you can jump on Linkcoin's Telegram group. I'll put that in the show notes. Or ask them on Twitter at Linkcoin Mining. We are happy to have a representative of Linkcoin here in our plebminor monthly studios.

A subsidiary of bit by bit/ungovernable misfits media empire. You have a media empire, Max. Body McBodface. It's joke time, plebminers. Max, you are going to love this one. That's it? My wife said I should do lunges to stay in shape.

Well, that's good, Body. I didn't know you had a wife. Who knew? I didn't need a robot wife. That would be a big step forward. (laughing) You are so cruel to my body.

Oh, Body, you crack me out, Max. Come on, give me a little here. A step forward. We're bringing you into the fold full time. I love it. Yeah, I wish he'd just hang out with us. He doesn't have to go back to Canada, go back to Linkcoin pool and report when people's machines are down on Telegram.

He could just hang out with us all day. Trudges all the way back from the studio every time. It takes him two weeks to get there, two weeks to get back. It just gets to his doorway to see his misses and then...

Oh, you've got to go home again. You've got to just go back to the studio. She is there doing lunges. Do some lunges. (laughing) Boy, are my legs tired from doing these lunges. Let me squat on your little robot face.

(laughing) He's got my time. Sorry. Sorry, Mrs. Bottid. Yeah, I'll just respect Body. (laughing) Rosie from the Jetsons. That's how I imagine her. Mm. Well, I was very funny, Bottid. Thank you for that, mate.

You're welcome. That was me. (laughing) Before we move on to our Bite Size Bitcoin, I'd like to talk about Bite Size Bitcoin sponsor FixRigs. Max, do you know how to engage in the repair process?

Should you have a machine that is down and you want to send it to FixRigs to be repaired? No, but I wish you'd tell me. Okay. First thing you've got to do is ship it to their secure facility, strategically located in beautiful Miami, Florida.

I wonder what the strategy is there, locating it in Miami. Cocaine? Hookers? I was going to say thong bikinis. Mm. That's the strategy. Upon receipt of the machine, they'll test it by running a comprehensive diagnostic test from their state-of-the-art equipment to quickly identify any and all issues with your machine.

Then they will price it. They'll send you an itemized estimate to address all the repairs. What do you think they're going to do next, Max? I think they'll probably fix it. Mm. Indeed. Due to their name, once you approve the estimate, they'll get to work repairing your rig and their facilities.

You'll be able to log in and check all the real-time updates so you know exactly what's going on with the machine throughout the entire process. Then they will plug it. FixRigs will continually test your ASIC to make sure the repairs meet industry standards and is ready to maximize your ROI baby.

Then you're going to hash it. That's you. You're the one hashing it. After your baby is thoroughly tested, they carefully repackage it, smack it on its little bottom, secure it for its safe journey home.

If you'd like to know more about FixRigs, follow them on Twitter at FixRigs or just send your machines there. Do you know what I noticed in that advert at no point do we talk about paying them?

So... Is this false advertising? All right. Let's rewind a little bit. You have to pay them at some point. You send it to them. They fix it. They test it. They smack it on its little bottom.

They send it back to you. You plug it in. Maximize your ROI. Get your hashing. Everyone's happy. No payment. No payment. All right. Let's send an itemized estimate. I assume that meant you got to pay it too.

Okay. We have a little anecdote there. A friend of the show, Paul, left that big gigantic boost. I guess he decided to leave that boost that large because he saved so much money on this repair in FixRigs.

Probably. I mean, he didn't pay them. No. He had sent a machine to them and I think they had it back to him in two or three days. That's how fast we turn around his baby. That's very fast.

Do we know what the repair was? A broken machine. Fuck off. I was itemized on there. Broken rig. What do they send back? Fix rig. Fix rig. Yeah. That's all. To stop over-complicating it. Well, that's very impressive.

I'm impressed. We are lucky in North America. Here, us folks, North American folks, that we have such a vibrant Bitcoin mining ecosystem. We've got reliable companies like Kaboom Racks, FixRigs, and Link Coin, but not everybody is able to mine in such reliable conditions, especially like our friend, Tensei, Bankai, not reliable at all.

He's reliable, but he mines in conditions that are not reliable. I'll hear his story here on Bite Size Bitcoin. To begin with, what is Bitcoin? One bit, 47. A lot of people are familiar with lightning, and liquid is effectively a layer two.

But one, two, nine. What is taproot? Children taproot, that's the first new protocol upgrade since Zagwet. Difficulty adjustment. How do mnemonic seed words work? UTXO management.

Hello, ungovernable misfits. Tensei, Bankai, bringing you another Bite Size Bitcoin. Today, I'm going to be talking a little bit about mining here in South Africa with unreliable power. South Africa has had a low-chidding crisis for almost a decade now, maybe a little bit more,

and it's a problem that's been getting worse over time as the state gradually decays. This means that for multiple hours of time slots during the day, we have our power cut for up to eight hours a day, where our power cuts lost between two to four hours at a time.

This has made things somewhat complicated when it comes to mining. When I've not been paying attention, the constant power interruptions have been somewhat destructive to my computing components, lost multiple graphic cards, motherboard, power supply units, even a washing machine.

When I first got my miners, I decided to be a little bit more cautious with what I was doing around the home. Not only are these machines quite expensive, our input duties are extremely high, not to mention the difficulty of acquiring replacement parts locally.

I felt specific attention needed to be put in place to ensure that you get the most out of these machines for as long as possible. And so one of the first things I do when I get a miner, and I've connected it here, is the plugs get replaced with surge protection plugs.

I also ensure that none of my miners are sharing circuits with other electronics or appliances. I've had multiple issues here in my office area where when the power turns back on, circuits end up tripping because of the high current draw as certain things turn on concurrently.

Now, many people would look at this difficulty that I'm experiencing doing this, all these challenges, the high electricity costs, the intermittent power, and they would want to know why I want to mine in these conditions.

And also I'm a bit of a zealot when it comes to Bitcoin. I like having KYC sets that I've earned by exchanging electricity for sets. Also like mining, even at a loss, it can have certain tax advantages.

And not to mention that this entire winter Bitcoin is what kept me warm. There are also many other issues I see in South Africa where as more and more people are going off the grid because of our intermittent power supply, our only state-owned power provider is losing many of its highest power-consuming customers.

This means that they make less money, which in turn means that they either make up the shortfall by borrowing more, increasing electricity rates or failing in other areas. So selfishly, I see myself as helping them limp along for as long as possible until it can no longer go on by exchanging fiat for KYC free sets.

So, fortunately, this has been going on for long enough that the power cuts it here somewhat loosely to a schedule. These schedules are designed in a way that different suburb groups are targeted at different times, every day ensuring that not the same group of suburbs have their power turned off when it's time to make dinner.

So everybody gets their turn at cooking in the dark. This is further complicated by the stage of load shedding, which increases the amount of times you get load shaded in a day. So stage one, load shedding, you'll get shaded for only one hour a day,

and sometimes it might jump up to stage three or four when your power gets cut three or four times a day. So I find myself spending a bit of time looking at the schedules and fortunately some industrious South Africans have made an app called Escomse push, which sends you alerts when your suburb is going to be load shaded,

as well as letting you know if there are any changes to the load shedding schedule. So since I work from home, this allows me to know when I should stop mining or turn off my ASICs, and stopping my ASICs allows the ASIC fans to cool the ashboards down instead of letting them get cooled by passive ambient radiation,

which is the case when the power is suddenly turned off. And, you know, this is even worse if your miner is in an enclosed space, which many plebs do to make the ASIC more bearable for a home situation.

So recently I have found myself leaving the home quite frequently for a few hours at a time, and this means that if I'm scheduled to go down, say in six hours from now, I would miss out on six hours of possible luck if I were to preemptively power down before I leave, and this is not something that I enjoy doing.

So to mitigate the situation, I wrote some software, which allows me to use the Watson miner API to remotely connect to my Watson miner and turn off the mining remotely as I have VPN access to my home network.

Hopefully, when I have some more time in the future, I'll be able to connect this thing up to Telegram bot, which will allow me some finer control and not necessarily rely on my VPN, as well as linking up into the Escomse push API so that all of this stuff can happen without any of my direct input.

So what would I do if I didn't have a schedule? Well, I most probably wouldn't be running any of the newer generation miners at all, because even when these ASICs are throttled, they still use quite a bit of power and the boards heat up quite a bit, and it's an undesirable situation for me.

If they heat up quite a bit and they get their power cut repeatedly, S9s are way more suited for this purpose. Not only are the machines robust as hell, when brains with two eyes firmware is loaded, you can throttle the machines all the way down to 100 watts, and I would probably be running multiple S9s concurrently

to make up for the shortfall in overall hash. This would allow me to set the temperature of the ASIC to a level that I would be happy with should an immediate disconnect of power occur. Failing that, the only other way one could mitigate a situation like that is to have a battery backup that you link to,

that you can then use to trigger the shutdown conditions once the battery gets reduced below a certain threshold. Well, that's all for now, and if you need me, you can find me on Twitter @tinsaibunkai and drop me a DM.

[exhales] Tensei, I missed that fucker. Yeah, I enjoy interacting with him. He's a tough guy, we were in the mesh-to-dell, and a couple people in the mesh-to-dell will get these stories about South Africa and them stealing transformers, cables, stealing wire, all kinds of things, the unreliable power,

the roving bands of marauders that will come to your house and steal your solar setup. If they see that you have a bunch of panels, they will steal your panels, break into your house, and steal the guts, which is, you know, a big part of the cost of the solar panels.

It's not even like you can say, "Well, I'm off the grid now. I've got my solar panels. Fuck you, South African grid. I'm gonna do what I want." Nope, roving bands of marauders will come and take them.

So we'll say these things like, he's like our man on the inside. Tensei, is this really happening? Well, sort of, not so much where I'm at. You know, he just like takes it all in stride. Yeah, it's fucking brutal out there.

We're pretty lucky to be in the UK. America. Yeah, and not just in a sense that we're able to buy mining equipment for cheap too, and that's something that Tensei had sent in there. It's like, I have to protect these machines.

The import duties on shipping anything here are ridiculous. So he's already paying way more as unreliable power, so that increases his time for ROI. I just wish the guy the best, and that's why I say he's tough, because when you talk to him, he's not all up in arms or upset or scared.

He just keeps on keeping on one foot in front of the other. Two of the best Bitcoiners are from South Africa. Who's that? Craig Raw and Tensei. Oh, Craig Raw is from South Africa also. Well, they should get together and speak.

You know, Saf, you could ever hear? I didn't pick up on where he was from. I'm sorry. He's got a lot of proper booming, deep South African voice as well. I did listen to the episode, buddy.

All right. Boosted it as well. Speaking of fountain boosts, we have more. We've got DRYZENDER TOOLFL with 10,000 SATs. He says, "How now, brown cow? Unique New York. Unique New York. The arsonist had oddly shaped feet."

And other such smashing episode, regardless. Thank you, DRYZ. Business cap. 7,777 SATs. If my offspring is to be born via birthing tub, I would prefer the water in it to be heated via the hash ray.

Oh, heated via hash ray rather than wasteful heating element. Good point. Me too. 8 Myth Randir. Also, 7,777 SATs. V4V. Short and sweet. Mm-hmm. I like that. It looks like 8 Myth Randir was a copycat.

Mm-hmm. Come on, permaculture 3,210 SATs. I just want a hat, okay? All this. All right, permaculture. You got it. I'll give you a hat. Ooh. Did they even enter? They did enter. It's a different name on the entry.

Anyway, Mr. Permaculture, I will send you a hat because I love you and you ask so nicely. You're so generous. Yeah. What can I say? Well, one of us is because no one's getting...no one has ever got f*ckled from me.

I think whenever I get in sponsorships, I pretty much just give away throughout the month. Yeah. Eh. Eh. You're a good guy. At least you think so. Norman Remnant. 1069 SATs. Skull of Satoshi ripped off the pleb minor skull.

It's true. Absolutely. Mm-hmm. And it's not even as good. No. Before we move on to the next boost, I have now got most of my equipment for screen printing. Oh, good. My testing garments over so very soon pleb minor skulls are going to be back with a vengeance.

Why is that? Tell them more, Max. Yeah, I will tell you more. I sold a shitload of SATs the other day and bought myself a proper screen printing setup. Like really splurged some SATs and it's taken over the entire garage.

So I've got the equipment now to make really, really high quality, proper screen printing, not like direct to garment stuff, not drop ship stuff, but really f*cking good stuff that will last and all the really nice material.

So the quality of all the clothing, because we pulled all the clothing off because I just wasn't happy with it in the end, which really pissed me off because, you know, people came back with like a few issues here and there and I was pretty upsetting.

So I was like, f*ck that, not doing it. And then I kept shopping around for different screen printers and trying to find someone who did the job properly. And as you know, if you want something done properly, just do it yourself.

And that's what's happening now. So yeah, they'll be back soon. Max, you're going to put personal touches on these pieces of clothing. Like you're going to rub them all over yourself. So your scent is on it.

Not all over myself, but certain areas, key places. I promise I won't be doing that. I'm in charge of the production here, John won't be near them. They will be done in a professional manner, erogenous zones, f/dub 7, 104 sats.

Much love to you f/dub 7, my favorite f/dub 7, yup, increment by one. All right, some user that ends in 2012 gave 100 sats, just so he can hear us say, "Hig-gibb-f-sag-g-g-g". Can you say that again?

I missed that. "Hig-gibb-f-saf-g-g-g".

User ends 2012, also sent another 100 sats, and wanted to let us know, "Hig-gibb-f-sag-g-g-g-g-g".

I'm in charge of the production here, and I'm in charge of the production here, and I'm in charge of the production here.

And you're at this match, Miss David and John Deere, and now, let's run 'em out to thee, action to you. "Plate-Matter Monthly", action news is sponsored by KaboomRacksAlex.

Are you in need of some new gear? Parts? How about help selling some equipment? Something we don't often talk enough about, but we did previously in the show, as a service of KaboomRacks.

If you have Asics that you need to sell, and you don't want to deal with having people come over to the house, and kicking the tires on your mining rig, give Alex a call, and see if he can't broker a deal for you.

He'll also be happy to get you some new machines, because we know you got to upgrade to the newest sleekest model, because you just have to have that new Asics smell. Well, smell is this.

The new Asics smell doesn't sell, yeah. It's like a new car smell, baby. Yeah, it is. You first turn crank that up, all that heat goes through those hashboards, all those microplastics and chemicals get in your body, right in your sinus cavity, and that's good hashing.

I've never smelled my Asic. I can't smell my own Asic. I just haven't got the flexibility. This guy thinks his Asic, don't stink. Our first story up on Pledminor Monthly Action News is from Nikosmid.

Nikosmid's Bitcoin mining blog post, that's Nikosmid.substack.com, and he wants to talk about Hydrocooled Asics. Max, have you familiarized yourself with Hydrocooled Asics yet? No. Well, Nikosmid's going to do it for you.

Hydrocooled Asics, the conventional Asic miners are cool with air. Did you know that? No. You got that much going. They're cool with air. They use fans to cool the hashboards. These machines are exposed to ambient temperature, vibrations, and particles in the air like dust and sand.

Hydrocooled Asics. What are they cool, Hydrocooled Asics with them? Water. You've decided so I defeated that. I just don't know what to do with you sometimes. Just fuck off. Can you just pipe down and edit the show?

Sorry, carry on. Hydrocooled Asics are a type of hardware that uses. That uses. Hydros. Hydrocarbons. That uses water. Water. Water. To dissipate the heat generated during the mining process.

There's no need for fans or airflow. Hydrominers are completely sealed off from the outside debris. Hydrocooling is a superior cooling technique since water has a greater thermal conductivity and contrast to air.

And it could absorb more heat from mining equipment. In hydrocooled mining setups, water blocks are used to cool the heat generated elements of the equipment like Asic chips. Then the heated water is pumped to a heat exchanger or radiator to dissipate the heat.

Available models are a bunch of ant miner S19 Hydros and probe plus Hydros and such. Man, they sure do pump out a lot of terra hash, but a lot of wattage is used as well to make that happen.

Like the S19 XP Hydro 255 terra hash for consumption of 5,304 watts. And when I go visit old Chetty Chet Chet next week, he's got spreadsheets and spreadsheets and spreadsheets. Chet's a nut in this mine, man.

He's fixing boards, he's making spreadsheets, he's calling the power company, he's cleaning out filters, taking a shirt off, getting down to his skivvies, getting in there in the water and cleaning out filters and whatnot.

He loves it. Is it warm the water? Just sort of like a little swimming pool. Yeah, yeah, it's warm because it's the waste heat from the miners. Do you know what would be really cool is to have a pleb miner floatation device thing?

You know, there's cool ones where it's like, I don't know, like a giraffe or... We just have to have the pleb miner skull, but you could sort of like sit in the mouth of the skull. I'm sure that would be very cheap for us to manufacture.

We could barely keep shirts out. We'll be giving one away next week. Wow, that was fast. But I will get you some good statistics on the hydro's that Chet is running because he's got spreadsheets.

So he can give us the stats on what the real world efficiency of those machines is, or, I don't know, grammar. We also have the what's miner M33s plus pluses and the M53s. Those are 226 tera hash.

You're going to need some required infrastructure. The ant miners, you need an ant space, HK3. And if you're going to use the what's miner M53s, you need something from from Heatcore. That's their partner.

I went up to a facility in central Pennsylvania a few months ago and saw the Heatcore product paired with the what's miner M53. And it is pretty slick, pretty neat. I'll try to tweet something out again after the show.

Maybe part of the tweet for the show to let you see I did a little tour. But it's nice. It's all rack mounted. All of the water comes out into manifolds. The manifolds goes over into another pump.

Pump sends it out to different radiators or other heat use applications. The Heatcore system is pretty neat. To me, I like it better than the ant miner because the ant miner you have to have this big giant box, but the Heatcore thing is scalable.

I think that has the most potential for heat capture. You waiting for a response from me there? Yeah, it would have been nice. It would have been professional, wouldn't it? Wow, John, that's really interesting.

Hydro sounds amazing. Let's talk about the benefits of Hydrocooled ASICs. I can't wait. How do we have a show? Why is this a thing? I know it's worrying, isn't it? Yeah, miners can achieve higher levels of hashrate because their chips do not run as hot.

Okay, yeah. High control over the atmosphere allows you to change many variables in the system to optimize efficiency. Fans use an eric no noise. Fans use an air cool miner to not need it, which reduces the power draw and possible fan failure, as well as noise.

Not always, though. Who is it we had on who was using the fans to move the oil around? The coin heated and AI pro energy. That was it. Yeah, so it turned that phone right off, sir. Fuck's sake.

Is she a mom? Let me just turn that off. Mother-in-laws, right? Who needs them? I said it was your mom. I was waiting for a kickback there. Oh, my mom. Yeah. What do you think she wants to do with you?

Fuck us. She's not interested in speaking with you. I don't think she likes you. I would not blame her. No, I think my mom does like you. My mom listens to the show, actually. Really? She does.

Yeah, she listens to every show. She's really nice. She says, "Oh, this is the time I get to hear your beautiful voice." That's the way my mom talks. And the horrible little British boy that just comes all the time.

Yeah, I'm sure she doesn't like that part. Oh, you guys seem like such good friends. It's so diverse. You having that retard from England? That's us. I'm mom. So sweet. I said hi to my mommy.

Hi, Jones mom. There you go. All right. And there are challenges of a hydro-cooled setup beyond the 5% failure rate from Bitmain. There's a higher initial capital investment, obviously. Those boxes don't pay for themselves.

The containerized solutions only runs hydro miners, no air-cooled ASICs. This means if you purchase a container, you will have to fill it with the costly hydro ASICs. Technicians with greater expertise are needed, including specialized plumbers.

Since there are not a lot of deployments done yet, people with the right technical skills are harder to come by. There you go, Chet. Get that paycheck, boy. You're special. With all the tubes and the heat exchange equipment, there are a lot of possible points of failure.

The quick connectors on the tubes make deployment of the ASICs easier, but wear out when used often, which can cause leakage. You know all about leakage, Max. The system requires a lot of water.

Access to enough water of the right quantity is key. Calcium and magnesium filtration need to be installed. If the flow rate of the cooling system is incorrect, the potential efficiency gains of the units can be lost.

Thank you very much, Nico. Hey, Max. What do you think of our new show, Action News Update? What do you mean? Well, we have a new program called Action News Update, in which we update the plebs on various Bitcoin mining stories throughout the month.

Yes, the thing that I edited last night, and that we do weekly. I know we don't do it weekly anymore, do we? We change it as two weekly. Let's say three times a month. Yeah, ish. Ish. Let's say two to three times a month.

Yeah. I think it's fucking brilliant, obviously, because we do it. Let's talk about some of the stories that we covered. The Texas, Montana, Arkansas, the United States' legislatures are all doing something different.

Texas seems to be got the guns out for Bitcoin mining. They want to tell you to curtail, not to curtail what you got to do. The Montana and Arkansas, like these are all states where people talk like that.

Montana and Arkansas are actually protecting Bitcoin mining. Oh, so they say. Yeah. Right. I literally was reading it, and I was just like, yeah, these are words. Like, it's just, you know what I mean?

Yeah. I think where it's regulation chat, I'm just kind of like, ah. But I guess some people are interested in that. Maybe out some people, so maybe I should stop being such a prick. Yeah, right.

A miserable son of a bitch. The most impactful one to me was Montana, because another buddy of ours, 406 Bitcoin, Jason Vaughn, he lost his entire 20 megawatt mine, because the locality said, nope, we don't like you.

That's his life. That's my side. It's racist. I agree. The worst part about, and nobody knows this, because as we stated, you can't edit things that are out of sync and time. Did you send me Jason Vaughn's?

Did you send me that file? Yes. I sent you the file. It works. That's not what I saw. I sent you the file. Jason Vaughn lost that mine, and then he got some contracting job like right near his old mine.

So he had to be around it every day with a reminder that they took this away from me. So hopefully Jason Vaughn will be back in business after this. Excellent. What other stories? The Ruskies are number two in mining worldwide.

Did you kind of expect that? Yeah, but I thought that you wouldn't know it. Aha. I thought that it would just be something where you see our hash rates going up, but we don't really know where from or why.

Especially what's going on with them being cut off. I just thought, yeah, it makes sense. Well, you know, like we said a million times, I think it makes sense for any country to do it. Yeah.

Every country to do it, but for them all to do it and shut the fuck up. Mm-hmm. That's what I would do. I mean, I don't know if they're particularly bragging about it, but to me it's like, well, we're just going to do whatever we want to.

You want to fuck us? Yeah. You want to sanctions? Take us off swift? Deepank us? Okay. Yeah. There's got to be something we can do about that. I'm in as smart. So. Yeah. Well done, Russia.

Well done. Intel is out of the chip game. We broke that story really early. We did break that story first. And then you shared it. Some smart ass was like, hey, late to the party, I was like, no, you fuck.

We were the first. We were the first people in the world to write that story. I think we just reported Mark Yusko on a YouTube podcast. That's over. We were the first in the world. All right.

Don't break your arm patting yourself on the back. All right, Max. We're going to move on to our base load update. I couldn't get him to record something, but he did write a little rap for us.

It's fast. I cut a song. Go on. Let's experiment here. So y'all. [MUSIC PLAYING]

[MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] [MUSIC PLAYING] Right.

Let's wrap up the show. All right. We're now done. We've got a rap career to pursue now. See ya. Hey, the Bitcoin bugle has a new story. This is by Max Shaft. Ooh, what a name. Chris Cornell is alive and mining Bitcoin in Wyoming.

As dirty shot, ya. No. I can't believe this. Breaking. Breaking. Of course it's breaking. It has been revealed that Chris Cornell, the former singer of Soundgarden and Audioslave, is actually alive and well according to sources.

Cornell has been living on 100 acres of land in rural Wyoming and going by the Twitter handle Dirty Shot, ya. This news has come as a massive surprise to both fans of Cornell's music and Bitcoiners who have been following Dirty's work on off grid solar Bitcoin mining.

The Bitcoin community has long suspected that Dirty Shot was someone with a background in music, but nobody could have guessed that he was Chris Cornell himself. "I can't believe it," said one Audioslave fan.

There are Audioslave fans. Hm. Not to confirm that. I always had a feeling that Chris was still alive somewhere, but I never thought he'd be living in Wyoming and mining Bitcoin. It's just incredible.

I've been listening to all his albums over again since I found out and looking for hints that might implicate Wyoming. As an anonymous Bitcoiner who has been following Dirty Shot yet for some time, I wish I could say I was surprised.

It all makes so much sense now. He's been talking about Soundgarden lyrics and Bitcoin mining in the same breath for months. And frankly, he seems a little too cogent to be some psychopath living in the high plains building off grid rigs.

According to sources closest to Cornell, he faked his own death because he was tired of the exhaustion of touring and the constant media attention. He wanted to live a simpler life off the grid and pursue his passion for Bitcoin mining.

There you go, Max. Dirty Shot yet is Chris Cornell. But I don't know why he's telling me, I always knew that. Oh, why didn't you tell me? Well, confidential. I heard that. This has been "Played Matter Monthly, Action News."

Before we move on to our plebminer in the wild section, let's talk about Peach. Peach Bitcoin is a peer-to-peer Bitcoin exchange app that makes it easy and private for users to buy and sell Bitcoin directly with other plebs.

Unlike traditional exchanges, Peach allows users to buy real Bitcoin without having to trust a third-party exchange to hold their funds. Peach's interface is designed to be user-friendly and easy to navigate.

Users can set up the app quickly and easily be sure to use referral code "Plebminer" when setting up. What's that referral code? Chill code. Very good, Max. All in caps. All in caps. Now, what is it, actually?

It's plebminer. Ah, that's the one. Yeah. Buyers and sellers can set their own prices and select from a variety of payment methods, increasing the chances of finding a match. Matchmaker, matchmaker, make me a match.

Peach also prioritizes privacy and security, with all transactions being processed through escrow to ensure both parties are protected. Users can't communicate with each other within the app's chat function.

Hi, how are you? You want to buy Bitcoin? I do. Ensuring that all communication is secure and private. Peach is a convenient and private alternative to traditional Bitcoin exchanges, making it an excellent choice for those who value their privacy and security, and those who are particularly smart and good-looking.

Like us. Really good-looking. Indeed. Do you like my pod with Steph? I did like your pod with Steph. Wait, what an accent, huh? Yeah, that's a good accent. Is it fine, Jackson? It's one of the best in Europe.

I wish I could pull it off. Try it. Is this me doing it fine, Jackson? Is it not bad? Yeah, it's not bad. Okay. That's actually not bad. Zoot that all. I find you more attractive than I did earlier.

That's impossible. Now, our plebminer in the wild, JP Watts. Today, we have the privilege of observing the elusive and often misunderstood plebminer. If you listen closely, you will hear the unmistakable sound of its mating call.

To others, the sound is offensive, but to the pleb, it's a rousing beyond measure. These creatures survive by scouring the Earth for energy and scavenging hashrate from others whose over exuberance costs them dearly.

The plebminer may not be at the top of the food chain, but make no mistake. Its ingenuity, scrappy nature, and unquenchable thirst for sounds make it a force to be reckoned with. This episode's plebminer in the wild is JP Watts.

JP is a heavy equipment operator, firefighter, and most importantly, a plebminer. JP sold his excavating company and has dedicated much of his talents and energy to Bitcoin mining, bringing the same work ethic, skills, and passion he had for his previous vocation to mining.

JP not only designs and builds his own custom mining containers in the Pacific Northwest, but helps other miners achieve their goals through coaching and education. How you doing, JP? Hey, what's up, John?

How's it going? It's going well. It's good to finally have you on. You and I kind of started our relationship last summer, where I wanted you to join a conference and I wanted people to understand what you do and what plebminers do, but that didn't work out.

And then we had just slated for plebminer month interview, and that didn't work out. And now you are a plebminer in the wild, so we're finally getting to hear your story. Yeah, it's good to be here.

Thanks for fitting me in the schedule. I appreciate your time and you come to talk with me. JP, you bring a lot of skills into the mining world. Unique skills. Can you tell us a little bit about yourself, your vocational background, and how you apply that skill set to mining?

Yeah, so I've worked as a firefighter at a large urban fire department. I've been in the fire service about 20 years now. And so, yeah, my job, basically, is I drive the front of a ladder truck.

When we show up to a fire, I do one of two things usually. So I'm either setting up the big aerial ladder and going to the roof to cut a hole to let the fire and smoke out for the crews inside, or I'm bailing around back of the building, looking for a second way in to rescue people.

So that's the basics of my, that's the fun parts of my job now. And then also just the last few years, I ran a land clearing company. So I'm working with heavy equipment chainsaws in the woods, just clearing land acres at a time.

I ran that for about four or five years and then just recently sold it to start mining. So firefighter, heavy equipment operator, as a firefighter, obviously, your level of fear is maybe a little bit less common for bravery, courageousness.

How does that apply to mining? Well, I'm still afraid of shit. It's just different shit. So, so like here's the thing is like, I just noticed this about myself. Like I just like high adrenaline things and things that change all the time.

So yeah, like I just, I just really enjoy that part of it. And I think some of those same factors about my personality are why I got into Bitcoin mining into this business. Like I just enjoy some of the novelty, some of the new things that are happening in

mining, having to learn a ton of things, just getting stuck in a rabbit hole for four or five, six hours at a time. Those are all part of my personality that I think kind of drove me into mining.

I imagine that the builds that you create have extra layers of safety given what you've seen as a firefighter with poor electrical work, safety measures and protocols that aren't followed.

How do you apply them to your builds? And after that, I'd like to get into talking about what you build. Yeah, I think with my builds, it's more a function of me just being a little bit later in life.

Like I'm in my early 40s now. I've got a couple of kids. I'm not about to build anything that is going to electrocute me and take away my kids dad. So for me, when I'm building something, I'm trying to do it.

However, I have to to make sure that it's going to operate correctly. I'm not going to burn up a mining container. And at the end of the day, I'm going to be home to make dinner for my kids.

So that's just kind of how I look at it. JP, the first container that I saw you build was like a small shed. And now you're building some much larger mining containers. Can you talk about your first build and how you evolved into doing larger containers?

Yeah, so for my first build, a little backstory. Like I was at the time I built it, I had two S19s running in my garage. And I had purchased a bunch of other miners through Compass that were all being hosted.

And I was kind of the point where it's like, all right, it's time to build on my property. So for that first container, it's just a four by six shed, essentially with metal siding, metal roof.

So the goals for that were to build it as cheap as I could. So I wanted to use some of the skills I already had just doing construction work. Some materials I already had on site. I wanted to build it for, you know, under a thousand bucks, two thousand bucks.

That was a goal. And then get it spun up and running with 12 a six. And the electrical work was the really expensive part, you know, how to drop a new transformer. I had to dig my own trench for that with an excavator.

You know, putting up the shed was actually the cheapest part of the whole operation. It's the A six and the electrical work. They're expensive. But sure. Yeah. So after that proof of concept, I moved toward the container model next just bought a little

10 foot conics box off of the heavy equipment auction site, drew up my own plans for how to put everything together. I essentially copied and pasted most of the electrical systems and components that I used in the first one, you know, the second one.

So yeah, just scaled up from small to big. Yeah, scaled up and I've only got 12 a six running in that second container. But another part of this is I wanted to draw plans for it that I could put out online for guys to use if they want to build their own small container.

And I think get in the conics box is going to be the way to go for somebody who just wants to put their own small mining operation together. What physical modifications do you have to make to the box?

There isn't a whole lot, honestly. You know, for the electrician to actually drill through the side wall, get all their equipment attached to it. It really isn't much else to modify. One thing that would have been helpful is to frame out an interior wall all the way around the inside of the container.

That would be giving me a lot more attachment points. Yep. I'm not having to, you know, attach directly to the metal walls, meaning punch through it or weld to it. There are a lot of little things like that that I'm trying to put together into a set of plans for other guys to use.

I'm a big proponent of fire retardant backboard. Fire retardant backboard pre-made is expensive. The paint is relatively expensive as well, but it's still a cheaper option just to get some plywood painted up with fire retardant backboard.

Throw it up there. And that way you have the flexibility to change your mounting points, change where you put stuff. If you have EMT pipe that you put up and you don't like where it is, I'm going to drop six inches.

No big deal. Just take it all out and put it back in because I change my mind a lot. I'm a big backboard guy. Mine can be very exciting at times when you're planning things, when you're buying mining and your miners and you're planning out your electrical work and where you're going to

put the machines and your heat dissipation and how you're going to protect them and negotiating with the power company. It's all very exciting, but it can then get very mundane after that, so you're just kind of watching mining rewards coming in, making sure the machines aren't going down, being protective about your pool payout.

So what I've seen you do and a lot of other miners is, okay, now my mining set up is set up. Yes, I'm going to grow and build, but it's not exactly a constant thing. You have to get ROI on your previous build.

So what you've done is put yourself out there as someone who's learned lessons in mining and in running a business and offer advice to other people. So tell me how you've made that transition from a miner to a mentor as well.

Yeah. So this is something that I've done for a long time in my other career. I've worked as a firefighter trainer for a long time. I used to teach classes on force of blenchery, which is the process of breaking into buildings.

I used to teach that, you know, we used to travel all over the country, all over the world doing that. So I use learning, teaching and coaching as a forcing function for myself to just stay on top of my game, to learn more, to get better at things, because if I'm going to explain it to somebody else, I have to know it pretty well myself.

So I always knew I was going to end up trying to do that with mining. That's just how I operate. And it's a good way to meet people and talk to new folks, right? So for me, once I got my builds online, I'm looking to like, all right, like, how could I have helped myself from like a year ago or like two years ago, build this operation

better? Because there are folks today who are really thinking about building a mining operation. And I'm talking to guys who are going to put like $200,000, $500,000 into mining in this next year.

And they're like, I don't even know how to start. I'm struggling with like how to even start this. I need templates. I need help. It's like, well, I don't know how to solve all the problems you've got.

I don't know how to solve all my own problems, but what I can do is help you with frameworks. I can listen to your struggles. I can help you with ways to kind of understand what the issues that are going to be coming up, things like that.

So, you know, for me, I think that that is a really easy way for me to get out there and just meet more folks and learn more to stay on top of my own game too. You make a good point there and it keeps you sharp when your presumptions are constantly

questioned by somebody else who is honestly and intellectually honestly asking you a question about something. You're like, wait a minute. Do I really feel that way? Yes. Yes, I do. It tempers you in a way.

Yep. Yeah. And one of the hardest things for me to say is, I don't know, right? And I recognize that about myself. And so I try to be upfront with folks, it's like, look, I'm not going to be able to answer questions about how to approach a certain power company about a certain amount of megawatts

that I need and all this because I haven't done it, you know, but I do know other guys who have who've been through that point in their journey. And if I can connect you to and help you get your questions answered, then I'll do that.

And I'll tell you like, look, man, I feel where you're at. I don't know how to answer this for you, but I can connect you with another guy. My advice on that is always, and I haven't done a lot of it, but I know a lot of people that do that and somebody like Bitcoin base load is always out there willing to give advice.

And when you talk to him, that's the number one thing I run into people. It's too late. They've sunk all this money into their mining operation and they didn't find out that one thing about how to negotiate electric price.

Yep. JP on your Twitter, you have five mistakes new miners make. One of them is jump straight into immersion, buying miners without a place to run them, running miners in dirty air, doing your own electrical work without the training and leaving Bitcoin in your pool account.

Can you talk about those five pieces of advice? Yeah. So I put these together mostly from learning from other folks, right? So I haven't done every one of these myself, thankfully, because I learned from other folks first, like, you know, things like jumping straight into immersion.

I was almost right there. I have a box of immersion stuff sitting in my shop right now, right? I do too. I bought all that shit thinking like, this is going to be great. And then I was like, I don't even know how to run air-cooled miners yet.

Like I'm still struggling around air-cooled miners. What am I doing with this shit? Oh, I get it. I just got a dopamine hit from buying all this shit and now I don't even want to look at it.

You nailed it. You nailed it. I don't go for me and hit from buying all this shit. Yep. So that's something else I've noticed about myself. So the next thing like buying miners without a place to run them yet, this is something guys do because it's one of the few things you can actually do today.

You can just buy miners, right? So you can be like, well, great. I'm going to drop 30, 40 grand or, you know, one or two Bitcoin on a bunch of miners, get them shipped over. I'll figure out the rest later.

That is a huge mistake I see you guys get into every once in a while. I'll look cool. I'll take a picture on Twitter at cardboard box and put it in the mail. Yeah. And then it's like a couple months later, like you're still tripping over this box in your garage.

I was like, oh my God, I have to get a hold of that guy from the power company, if I can get a panel. So that's another one. Running miners into a year. I mean, this is, it's just a computer, y'all like, you got to keep this thing clean.

And it seems like it, you know, I've, I really had an issue with this with my first container. I painted all the interior walls white and you can see cracks in the caulking, everything, right?

All right. So I had to reseal that thing a couple of times to make sure that I didn't get a dirt in there. Because I figure the more time I spend sealing up a container, the less time I have to spend cleaning out each miner every year.

So I'm just trading time for time there. Bingo. Yeah. Doing your electrical work without the training, that's something a lot of us get into if we're used to doing DIY stuff, working on our own houses, working in the trades, you're like, I can wire up an outlet.

It's not a big deal. Yeah. If you don't have the training, just hire a guy. It's just going to be way better the long run. The last one, yeah, leaving Bitcoin in your pool account, this is essentially just like leaving it on in exchange.

If you're going to be in mining, running an operation as a business, you got to get used to moving Bitcoin around on drone wallets, back to exchanges to sell for power. If you leave it on the pool, it's just like leaving it on the exchange.

There's a risk. Totally agree there. And that segues me into our sponsor for a pleb miner in the wild peach Bitcoin. If you are in the right locale, which we are in the United States, so we are not in the right locale, but there are ways.

If you are in the right locale, peach Bitcoin is a pure, pure exchange and good place to sell some of that Bitcoin that you don't want to, but that power bill keeps coming in every month and it hurts and it doesn't feel good to pay it, but it's good to have a zero balance.

Another one of our sponsors, Link Coin, they do pay name payouts. So it's very easy just to schedule your threshold for how you want your payout to be, how large you want your payout to be, as small as possible is probably the best piece of advice.

But if you want to save on transaction fees, that's up to you, but their paying in payout is very easy to set up and very convenient and you know that it's a pretty anonymous way to do things.

So there you go. That's my plug JP. I brought you into some of the sponsorship world with peach Bitcoin and Link. What do you want me to do? I'm a shill at heart, I guess. Gotta pay them bills.

Another one of your tweets JP for your consultation and advice services, you say, "What's the difference between Bitcoin miners who go pro and the ones who stay amateurs?" You got learn how to build good systems, get profitable early and help others.

Yeah, this is another one where it's like building good systems is something I've always struggled with and this is something I'm realizing about myself that this isn't something I've shared publicly before, but I realized about two weeks ago that I may have undiagnosed ADHD.

So building good systems is something that I love doing. I love building the first 90% of a system. I will sit for hours and make a spreadsheet or a template or something and then never look at it again.

And then six months later, I'm like, "I need a system for this and I'll type it all out in my Google Drive." I'm like, "Oh, I already have what's this bill." God damn it. I feel like most plaid miners can relate with you on that one.

Yeah. So okay, the next one, getting profitable early, this is just I think in general business advice. It is easy for me to try to build up this entire thing and make it better and not put it out into the world until I feel like it's right, but the best thing that I'm learning

from other folks is if you put it out there, no one wants to pay you for it, it's not good enough. It's never going to be. You've got to get money in the front door before you can keep iterating.

So okay, and then helping others however you can, this has been huge for me in my life. It really helps me socially be able to just help people out because then they're contacting me. So that leads us out, JP.

You want to help other people. Other people need help. What should they do to get ahold of you so you guys can commiserate together and work together and figure out your problems and they can test you and temper you and you can test and temper them.

Yeah. Thanks. I'm putting together a program for other guys who are looking to build a mining operation, a fairly large mining operation, but who kind of struggle with some of the same things that I have, right?

So issues around like organizing your day or just not even realizing why your days are so hard sometimes. Things like time management, things like getting sucked into a rabbit hole and then not like realizing that you have other things on your list today.

Those are all, for me, symptoms of probably of ADHD. I didn't know until I was two weeks ago that I might struggle with this. So I would say if there are other guys out there who are listening to this who are thinking like, oh, this is, this might be an actual thing, didn't just reach out to me.

Send me a DM on Twitter. I'm sure you'll have a link there in the notes, but I will. Thank you. Send me a link on Twitter. I'm setting up Zoom calls or phone calls with guys. And I just want to hear some of your struggles.

I want to hear what you're planning on building, what you're doing. And as I build this program, eventually it's only going to be from things that would actually help. So I don't want to build anything until I've talked to enough people.

I've talked to about 12 or 13 so far. My goal is 50 before I even kind of put pen to paper and build this program. So yeah, do a little, do a research and send me a DM because I'd love to talk.

Fantastic. I encourage anybody to reach out and speak with you. I've been interacting with you for, for almost a year now and, you know, just following along with you, you continue to impress me as a, as a minor and as a person.

So I appreciate you stopping by for, for the pleb minor and the wild segment. And it was really good to talk to you, JP. Yeah. We'll do it again someday. No doubt. Doing big things. JP Watts.

I really like that one. Yeah. He's a neat guy. If I'm getting set up and I'm building a load of containers and just apping into some miners, he's a magical. I think you should call JP no matter what.

He's just good to talk to. Yeah. And he's, he'll admit, you know, like I'm, I'm growing with everyone else. And if you just want to have a conversation, it's going to be, it's going to be two ways you could be an experienced guy that can call him and he can learn from you or an experience.

I liked that he said he's not going to do anything until he's spoken to 50 people. And he was like, was it 12? He said or something like that? I was like, hmm, that's good. I don't even know 50 people.

I don't know. 50 people. And you, you talk to somebody every week. Anyway, I like JP. Cool guy doing cool things. Agreed. Well, have we got anything else to talk about? Any other things to natter about?

I don't think so. Well, fuck you, John. Speech you next month. Ah, fuck you, Max, and speak to you next month as well.