Profile: 67fc0bb3...
**Critical vulnerability? Bitcoin monthly EP30**
In this episode of bitcoin monthly EP30 we are missing our mouthy northern robot friend. With bitcoin QnA away on an NFT course Antomous and I had really enjoyable and engaging conversation. We covered the updates listed bellow and much more.
Bitcoin core: 25.1
\- bug fixes and performance improvements, as well as updated translations.
Blue Wallet v6.4.9
\- Fixes
\- airdrop cosigner
LND v0.17.0
\- Fixes
\- Musig2 based Taproot channels
RTL v0.14.1 beta
\- Support for opening Taproot Channels
\- Default onchain address type is now P2TR
RoninDojo v2.1.0
\- software updates
\- Bug fixes
SamouraiWallet v0.99.98i
\- PSBT support
\- Sign transaction tool
\- Batch spend import
\- option to mark transaction change as “Do Not Spend” immediately after broadcast
\- option to “reattempt broadcast” after transaction broadcast failure
Zeus v0.8.0-beta1
\- Embedded LND node
\- OLYMPUS by ZEUS 0-conf channel service
-ZEUS PAY self-custodial lightning addresses, using Zaplocker
\- Simple Taproot Channels
\- Contact book
Peach Bitcoin
\- connect your own node
Robosats v0.5.3-alpha
\- f2f transactions
Show Sponsor - Foundation Devices
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.
As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”
Thank you Foundation Devices for sponsoring the show.
Use code: Ungovernable at check out for 3 months free VPN usage with IVPN.
https://foundationdevices.com (https://foundationdevices.com)
Show Sponsor: Ronindojo
Want the best open source node in the world?
Here’s some money off and you can help support the show at the same time.
Use code: Ungovernable
https://shop.ronindojo.io/?coupon=ungovernable (https://shop.ronindojo.io/?coupon=ungovernable)
Show Sponsor: sx6.store
SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!
Use code: Ungovernable
https://sx6.store/ (https://sx6.store/)
https://bit-buy-bit.libsyn.com/critical-vulnerability-bitcoin-monthly-ep30
**Hacking the real world outside of bitcoin and opensource with Urbanhacker.**
No time for show notes.
Gutted
Show Sponsor - Foundation Devices
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”
Thank you Foundation Devices for sponsoring the show. Use code BITBUYBIT at check out for $10 off your purchase.
https://foundationdevices.com (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbVJoRmRCd2swVlRMZFo3MU5NMmNmM0RmX0Q2d3xBQ3Jtc0tuZXVZWk5Bdk5XQVBlX3dYTEFKYzNCelVGM1BhZWtKYms5S1hRLU5XdzU0N2lyLUN0UExDd3R1MlM2UTV5enRhUVU0SFJMeE5Ra0tDYUJLR1JmQldQSlp4aGpTNTc0NW9OSDJqaGZTRlNmVVRibmxidw&q=https%3A%2F%2Ffoundationdevices.com%2F&v=15eaJgauD9M)
Show Sponsor: sx6.store (https://sx6.store/)
SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!
Show Sponsor: Ronindojo
Want the best open source node in the world?
Here’s some money off and you can help support the show at the same time.
Use code: Ungovernable
https://shop.ronindojo.io/?coupon=ungovernable (https://shop.ronindojo.io/?coupon=ungovernable)
As always please feel free to reach out and ask me any questions.
**Bitcoin mining and diesel engines with Travis Bitckle**
Pleb Miner in the Wild
Travis Bitckle
Listen you fuckers, you screw heads, here is a man who would not take it anymore. A man who stood up against the central bankers, the cunts, the dogs of war, the filth that is the global elite, the shit who devalue our currency, and steal the fruits of our labor. Here is someone who stood up and took Bitcoin Mining into his own hands. Here is, Travis Bitckle, Pleb Miner in the Wild.
Travis is a Pleb Miner extraordinaire, a mad scientist tinkerer and a hell of a nice guy. He has built many iterations of home mining setups. His most common build is an AC Infinity fan cooled miner, coupled to the rig via a Fruits and Associates Fan Shroud (https://fruitiondesignsllc.com/) and a Njord Board from Pivotal Pleb Tech (https://pivotalpleb.com/). (If you’d like to hear the story of Zack Bomsta and the Njord Board check out Zack’s Pleb Miner in the Wild interview (https://ungovernablemisfits.com/podcast/pleb-miner-zack-bomsta-coming-to-bitcoin-after-sabatical/))
Travis’ newest build is a single board, 120v build, with a custom housing, fan design, and the use of Zack Bomsta’s Loki Kit (https://pivotalpleb.com/products/loki-kit).
Travis wrote an article detailing the custom build. It can be viewed on our website.
Travis’ 120V miner build on Ungovernable Misfits. (https://ungovernablemisfits.com/120v-powered-single-board-antminer-s19-jpro/)
Travis and Jon take the conversation is a few different directions, from automotive topics, specifically related to Volkswagen (VW) Diesel engines, turbocharging, and the use of vegetable oil as dual fuel. Here’s some more information on alternative fuel diesel engines from US Filter Maxx (https://usfiltermaxx.com/en/content/category/2-technical-manuals). They also discuss alternative sources of energy for Bitcoin mining like bio digesters and what the University of Wisconsin is doing in that area (https://www.wisconsin.edu/all-in-wisconsin/story/uwo-partners-break-ground-on-biodigester-at-states-largest-dairy-farm/).
They discuss their early political leanings, ranging from anarchy/punk to more conservative ideologies, neo-conservatism, and libertarianism.
The conversation ends with a quote from Mr. Rogers about the importance of those who have cared for and shaped us throughout our lives. Travis wanted to share a special thanks to his wife, mother of his children, washer of his underwear, and the one who has loved him into the successful person and pleb miner he is today. Thanks Travis’ wife and thank you to all our loved ones who suffer through our Bitcoin mania. We love you all.
“All of us have special ones that have loved us into being, would you just take along with me, ten seconds to think of the people who have helped you become who you are” “those who have cared about you and wanted what was best for you in life” – Fred Rogers (Mr. Rogers).
Show Sponsor - Foundation Devices
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”
Thank you Foundation Devices for sponsoring the show. Use code BITBUYBIT at check out for $10 off your purchase.
https://foundationdevices.com (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbVJoRmRCd2swVlRMZFo3MU5NMmNmM0RmX0Q2d3xBQ3Jtc0tuZXVZWk5Bdk5XQVBlX3dYTEFKYzNCelVGM1BhZWtKYms5S1hRLU5XdzU0N2lyLUN0UExDd3R1MlM2UTV5enRhUVU0SFJMeE5Ra0tDYUJLR1JmQldQSlp4aGpTNTc0NW9OSDJqaGZTRlNmVVRibmxidw&q=https%3A%2F%2Ffoundationdevices.com%2F&v=15eaJgauD9M)
Show Sponsor: sx6.store (https://sx6.store/)
SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!
Show Sponsor: Ronindojo
Want the best open source node in the world?
Here’s some money off and you can help support the show at the same time.
Use code: Ungovernable
https://shop.ronindojo.io/?coupon=ungovernable (https://shop.ronindojo.io/?coupon=ungovernable)
As always please feel free to reach out and ask me any questions.
https://bit-buy-bit.libsyn.com/bitcoin-mining-and-diesel-engines-with-travis-bitckle
**Pleb Miner Monthly EP10 Growing Centralisation of the Bitcoin Mining Sector.**
Pleb Miner Monthly
Episode 10
Show Notes
1 year of doing Pleb Miner Content on BitBuyBit.
We are honored to be able to provide Pleb Miner content and are doubly honored to be able to interact with all of you on Telegram, Twitter and Fountain
Thank You for all the contributions of content, encouragement, sponsorships, boosts, and friendships!
Intro Music: Faith No More – We Care a Lot
Statistics brought to you by Lincoin Mining (https://lincoin.com/)
Schedule a call with Medi (https://calendly.com/lincoin-mining/lincoin-intro?month=2023-09) so you can hear him say “What do you do, so I may tell you what we can do for you?”
Statistics Summer Summary
Hashrate - June 21 our 70 MA was 367 EH – We are now 394 EH a 7.3% increase
Difficulty - June 21 Difficulty was 52.35 EH – We are now 54.15 a 3.4 % increase
BTC Price - June 21 BTC Price was $29,893 – Its now $26,192
Hash Value - Hash Value on June 21 was 24,850 – and is now 24,040 3.25% decrease
Block 807,057, 20.013 BTC in transaction fees!!!
Mononaught Tweet (https://twitter.com/mononautical/status/1700925148180647942?s=61&t=b0lktQRKrWSezfV_EgHheA)
Everybody Wang-Chung tonight, everybody have fun tonight (https://twitter.com/satofishi/status/1702530241988837414?s=61&t=b0lktQRKrWSezfV_EgHheA)
Bitesize Bitcoin (Mine your Mind **)** Brought to you by FixRigs (https://www.fixrigs.com/)
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…
1. Gay
2. Lame
3. Retarded
4. Regarded
Pleb Miner Monthly ACTION NEWS!!!
First up Riot receives $31 million in energy credits (https://www.riotplatforms.com/investors/news-events/press-releases/detail/160/riot-responds-to-recent-inquiries-regarding-its-power)
**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 (https://bitcoinbassload.substack.com/p/energy-market-info-flow-09152023) Turn Down for What!?
Nic Smid Blockpost (https://nicosmid.substack.com/p/the-rolls-royce-of-containerized)
Nico Smid Immersion Article on Ungovernable Misfits (https://ungovernablemisfits.com/immersion-cooling/)
The Bugle Bugle - Paul Sztorc Runs for President to Promote BIP 300 (https://www.thebitcoinbugle.com/paul-sztorc-campaigns-to-change-bip-process-to-look-like-political-campaign/)
Pleb Miner Small Builds and Innovation
Travis Bitkle (https://twitter.com/bitckle?s=21&t=JIB8Q-RLNA61SBf1GvNPRA)
Sat Stacking Pleb (https://twitter.com/satstackingpleb?s=21&t=…
**Grid Harmony with Troy Cross and Bitcoin Bassload**
Troy Cross and Bitcoin Bassload
Treble + Bass = Energy Grid Harmony
In this electrifying episode of BitBuyBit, Max and Jon speak with energy market expert and Pleb Miner Mafia Capo, Bitcoin Bassload (https://twitter.com/bitcoinbassload?s=21&t=lp6OHvwcaToR_1K2tEckFQ) as well as Philosopher and Bitcoin enthusiast Troy Cross (https://twitter.com/thetrocro?s=21&t=lp6OHvwcaToR_1K2tEckFQ) from the Bitcoin Policy Institute (https://www.btcpolicy.org/authors/troy-cross).
The relationship between Bitcoin mining and the American energy industry is complex, nuanced, wrought with acronyms, oversight, and regulation. The purpose of this conversation is to find where we agree and disagree on the relationship between Bitcoin mining and the energy industry and what we as Pleb Miners can do when our energy is focused and pointed in the same direction. Troy and Bassload come from different perspectives when looking at the relationship between Bitcoin mining and energy, but their hearts and minds are focused on making sure that Bitcoin wins.
In this discussion Bassload defines terms like the Federal Energy Regulatory Commission (FERC), Regional Transmission Organizations (RTO), and Independent Systems Operators (ISO) and explains how regulation and government policy steer energy markets. He discusses the Physical Grid versus Policy Grid, balancing authorities, generation fleet mix, and Meredith Angwin’s fatal trifecta for the grid: over reliance on renewables, backing up the renewables with just in time resources, and overdependence on neighbors. Bassload offers advice on creating relationships with energy providers: 1. Print the load 2. Pay an invoice. Bitcoin Bassload’s Energy Market Inflows can be found on his Substack (https://bitcoinbassload.substack.com/) in which he puts out frequent updates.
Troy discusses the unique characteristics of Bitcoin mining and its relationship with energy, particularly in the context of environmentalism and regulatory arbitrage. He highlights that Bitcoin's decentralized nature and algorithmically fixed production makes it resistant to local regulations and taxes. His point in conveying this, is that Bitcoin mining can take advantage of excess energy in regions with corrupt governments, it can bypass restrictions, and potentially disrupt the energy market. The discussion emphasizes that Bitcoin's fundamental value is tied to the cost of energy rather than fiat currency. Over the long term, government regulations and subsidies may not significantly impact Bitcoin mining, or its adoption. Troy expands on this theory in this recent article. (https://www.coindesk.com/consensus-magazine/2023/07/24/the-single-most-important-truth-about-bitcoin-mining-energy-and-the-environment/)
**Treble and Bass = Grid Harmony**
**Terms and Definitions**
**FERC-** FERC was originally called the Federal Power Commission to then become the Federal Regulatory Commission created on October 1 1977. The FPA was originally designed to coordinate federal hydropower development (in 1920) then in 1935 it was given the independent regulatory status to then regulate both hydropower and electricity. Then in 1938 the natural gas act gave FPA jurisdiction over interstate NG pipelines and wholesale sales. FERC was created due to a response to the oil crisis of 1973 and thus passing the Department of Energy Organization act of 1977 in an effort to consolidate agencies into a ‘department of energy’. DOE was born. Congress insisted that the independent regulatory body be retained.
- FERC originally was to determine whether wholesale electricity prices were unjust and unreasonable
- If so regulate the pricing and give some refunds to ratepayers
- FERC an independent organization that its commissioners are appointed by the president and confirmed by the senate
- Order 888 was issued in 1996 which created the RTO’s (regional transmission organizations) in response to the Energy Policy Act in 1992.
**RTO’s-** Organized by FERC to have what were the former power pools to ‘rebrand’ themselves as independent transmission operators that would be able to compete in a wholesale electric market administered by RTO’s. PJM, NYISO and ISONE were first in line. Like an ISO they operate transmission systems and develop innovative procedures to manage transmission equitably.
**ISO’s-** Independent System Operators were designed to consolidate and manage the operation of transmission facilities to provide nondiscriminatory open transmission service for all generators and transmission customers.
Traditional wholesale markets were in the SE, SW and NW and most were vertically integrated where they own generation, transmission and distribution systems to serve electricity consumers. They also many include federal systems:
- Bonneville Power System
- Tennessee Valley Authority
- Western Area Power Administration
At the wholesale level, the RTO’s an…
https://bit-buy-bit.libsyn.com/grid-harmony-with-troy-cross-and-bitcoin-bassload
**Dropping out vs dropping fiat for bitcoin and FOSS**
I had a conversation with Matt Rose - Head of marketing for Foundation devices
about his entry into the bitcoin space after a career in traditional fiat marketing. Matt made the move to the bitcoin world after experiencing how fake the large corporations were and he explains in this episode how much ideas get watered down after going through all of the checklists to comply and stay woke.
Now that Matt is working for Foundation devices things are very different. He’s excited to be working with a team that genuinely cares about privacy, security, freedom and bitcoin.
We also talked about the issues facing young people working in today’s world and how there is a movement in China called laying flat Where people are deciding to drop out rather than spend their entire lives working with no chance of progressing or having the lives they had been told they could have after working hard at school and going to university.
This is not just a trend in China is also happening in America and all across Europe, we discussed the ways that bitcoin can help and why this might just save an entire generation from living in quiet desperation.
Finally, we touched on the process of creating and organising our ideas. Matt and I both like to keep notes and continually work on ideas and Matt gave me a few tips on using open source free software like obsidian to improve and create links between different projects that might otherwise be missed.
I really enjoyed this conversation and I hope you enjoy listening for any questions. Please reach out and I’ll be happy to help.
Show Host - Max - https://twitter.com/MaxBitbuybit (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbVR3QWtQRXlybmY3QS1aM01rbzNoWkJqc0dtQXxBQ3Jtc0tuNjhMR3BzVjhwcHU5WHpxbTRGb2lvazB0TFBkekczYUt5dHBOVWp2d0w1TTBfdXBnbnB6dHNMcTA2eFN6QW95R2hJX0Z3MnM2N1ZNWHQ5U0dBZGZnQ2g5NEQzNWZ1ME55QjZCZ2EzZUhxV09zSWFkYw&q=https%3A%2F%2Ftwitter.com%2FMaxBitbuybit&v=15eaJgauD9M)
Guest - Matt - @wayfinderMatt
Ungovernable Misfits Socials
https://www.ungovernablemisfits.com
https://twitter.com/ungovernablemf
Ungovernable Misfits Socials
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https://twitter.com/ungovernablemf (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm1Ja09oYldWUC1rWVprT0wxbWktOEZ0SGdyQXxBQ3Jtc0trNXNxRjdYSVQ2UUVhWGdlR2xzY1NvLUJsWHVwQjZvOGt0NGlua3F3WHk5WEZ6WU5jSUZCbGR0TmtvQkdyU3gxTFZtVjQ3VzlVVDY2aW1sOGpSMDJzQXE3enh4djFZTUh2NFhiVlBMem1SS180MTY0OA&q=https%3A%2F%2Ftwitter.com%2Fungovernablemf&v=15eaJgauD9M)
Show Sponsor - Foundation Devices
Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,”
Thank you Foundation Devices for sponsoring the show. Use code BITBUYBIT at check out for $10 off your purchase.
https://foundationdevices.com (https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbVJoRmRCd2swVlRMZFo3MU5NMmNmM0RmX0Q2d3xBQ3Jtc0tuZXVZWk5Bdk5XQVBlX3dYTEFKYzNCelVGM1BhZWtKYms5S1hRLU5XdzU0N2lyLUN0UExDd3R1MlM2UTV5enRhUVU0SFJMeE5Ra0tDYUJLR1JmQldQSlp4aGpTNTc0NW9OSDJqaGZTRlNmVVRibmxidw&q=https%3A%2F%2Ffoundationdevices.com%2F&v=15eaJgauD9M)
Show Sponsor: sx6.store (https://sx6.store/)
SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!
As always please feel free to reach out and ask me any questions.
https://bit-buy-bit.libsyn.com/dropping-out-vs-dropping-fiat-for-bitcoin-and-foss