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TheBitcoinBattery
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Bitcoin is going to fix everything. Don't worry, keep calm and stack sats. Don't understand why? Study markets, money, and history. Start here: Bit.ly/StudyBitcoin

Good Morning!

Remember: $1 is about 1400 sats now, zapping 210 sats is equal to $0.15, and 21 sats is $0.015.

The more you zap the more attractive Nostr is to everyone. Hate ads? Zap more so they can someday not use them anymore. Love good quality content? Zap it more.

Reward good content and ignore bad content and you're directly influencing the kind of content people will create!

Have a beautiful day everyone. 🌅

That sounds awesome! I'd love to actually live within different cultures for a few years to be able to experience some of the variety of what life is like across the world. Intimidating but exciting at the same time.

My dream is similar: travel to as many different places with historical/cultural significance as possible and perhaps write a book about it with the insights from locals and pictures I took along the way.

I also would love to start a few small businesses and open community centers, I have different ideas. One that I want to build is the option to watch old movies with big crowds of people, like a dollar theater that only shows classic movies. Maybe even have times for classic highly rated TV shows like Star Trek or Breaking bad. Watch critically acclaimed shows with other people every week and have a discussion social after! Like a book club but for movies and TV.

Serving low cost hot and cold food on the side. Also having a physical media store with copies of the movies shown to purchase and take home to own, along with the option to rent any of the other movies in the collection.

GM! 🌅

If you could afford to do something that you cannot currently afford to do, but might soon be able to, what would it be?

Start a business? Write a book? Travel the world?

Maybe simply retire to a farm and just live a relaxed life?

Drop your dream below!

A quick explanation of how to assess a Bitcoin miner for profitability...

Let's take the S21 Pro.

It has a hash rate of 234 TH/s. The world is hashing at 750M TH/s, so that machine will contribute to the following fraction of the world hash rate...

234/750,000,000 = 0.000000312

Cool.

That means, if left on all day, it should generate the total world bitcoin reward for the day multiplied by that percentage...

450 bitcoin x 0.000000312 = 0.00014040 bitcoin (14,040 stats)

So the S21 Pro produces 14k sats per day if left on.

The next question is how much that costs per day.

The machine is rated at 3510 Watts, or 3.51 kW, 3.51 kilojoules per second.

Electricity prices are in $/kWhr

($/energy). BTW, Energy is kW (kJoules/second) multiplied by 1 hr (ie E / time x time) = Energy.

So 3.51kW * 1hr = 3.51kWhr is the amount of energy used in 1 hour by this machine, and x 24 = 84.24 kWhr in one day.

How much does 84.24 kWhr, which was used in the day to produce 14k sats, cost?

If your electricity price is 0.06c per kWhr, then it costs:

84.24 kWhr x 0.06 $/kWhr = $5.05 per day.

So $5.05 to produce 14k sats. At what price are you effectively "buying" bitcoin? We need the units $/bitcoin...

5.05 ÷ 0.00014040(ie 14k sats) = $35968

The current market price is $72,000

It means that if you pay full price for the s21 Pro ($6318), and have cheap electricity at 0.06c/kWhr (I pay around 20c US btw where I live), you will be mining bitcoin profitably, but... you need to recover the cost of the ASIC.

$72000 x 0.0001404 bitcoin means that you're earning about $10.10 per day in bitcoin, and paying $5.05 in electricity. $5 per day profit will take a while to pay off that $6,318 miner!! (3.46 years)

How can it make sense? Answer:

Well, if the bitcoin price doubles, guess what happens to the value of the ASIC? That will probably roughly double also - if it doesn't many people will buy them, bid up their price, and by turning them on also make mining less profitable. For the miner who got in early, that reduction in profitability is compensated for by a capital gain on the equipment.

Meanwhile, they are still mining somewhat profitably - They'll be mining less than 14k sats/day as the hashrate goes up, but those sats will be worth more. And their daily costs are static.

Another way to put it...

MINING COST FOLLOWS PRICE

...not the other way around as with every other commodity in nature. For everything else, the price follows the cost to produce. I like to call it "anchored" to the cost of production. For Bitcoin, the cost to produce is anchored to the price, and this is fundamentally due to the difficulty adjustment, which keeps the daily production constant regardless of price.

OK, that was a long explanation, not quick, sorry, I lied.

Here's the other thing that most people don't think about...

That $6k miner that was bought hoping for a bitcoin price pump... what if you just bought $6k worth of bitcoin today? You probably would end up with more sats.

Mining is fun but opportunity cost is a bitch.

It's an equilibrium. Price follows mining cost and mining cost follows price. It's a dance. The 2021 Bull run was cut short primarily because of the China mining ban which reduced the cost to mine significantly and the price couldn't be supported at a level so high compared to the mining cost.

On this day 16 years ago, the Bitcoin White Paper was released to the world.

Detailing for the first time a workable method of value transfer across time and space between 2 parties with no middle men. It does so with a unit of account that will never be debased beyond 21,000,000 units, providing not only a way to transact freely but to efficiently store value across time without the assistance of any 3rd parties taking a cut.

The world didn't know it at the time, and they mostly still don't, but in that moment the cornerstone was laid for the freeing of humanity.

Humanity under Bitcoin will be free from the rent seeking class, free from the easy wars paid for by the money printers, free from debt slavery, freed from homelessness, freed from the quicksand of our current financial system that does nothing but rob humanity to our great detriment.

The future is bright, for Bitcoin is hope for a better world. A world which will arrive for you as soon as you fully understand that Bitcoin is here to stay, so you move your energy into the better system.

Bitcoin is hope, Bitcoin is freedom, Bitcoin is peace for the world and peace of mind for the individual.

Save in Bitcoin, think in Bitcoin, live on a personal Bitcoin standard and your life will slowly improve over time. Until one day you realize, you're free.

☮️♥️₿

No, just that I'm tired of religious views being used as justification to enforce harmful policies on other people. My experience with abortion is irrelevant but even so you are incorrect. People I know have been involved in the abortions of people they know, but I myself have not been.

Making abortion illegal factually does more harm than good. Forcing children to be born to parents who don't want them greatly increases their likelihood of abuse and neglect by said parents. It increases the burden on the foster care system, it increases homeless children and parents due to a lack of sufficient resources, it increases child sex trafficking, it increases death among women who die in childbirth that would've survived an abortion of high risk pregnancies, it increases the risk that victims of natural miscarriages, or victims of miscarriages caused by domestic abuse (like my own mother who suffered many miscarriages as a result of said abuse from my father), will be prosecuted by the legal system. It just makes society worse.

If pro-life people would align with pro-choice people in their efforts to expand safe sex education and access to contraceptives, than unwanted pregnancies and abortions would plummet. Instead many anti-abortion people also advocate for abstinence only education and against contraceptives which is completely ineffective at preventing teen sex and pregnancies and causes them to increase not decrease.

Humans, when given the opportunities and education to know the best courses of action to avoid consequences of their actions, are generally reasonable and responsible people. I do think highly of well informed people with resources at their fingertips, but that is not the state of the world today.

Most people are deliberately kept in the dark with abstinence only education being the dominant education on sex given to hormone filled teenagers in conservative controlled countries such as much of the United States. There are also groups that fight contraceptive access and that discourage condom use, these are mostly religious groups who view pregnancy as divine punishment for women that shouldn't be avoided.

I think we agree more than disagree here. Expand access to contraceptives and expand education on safe sex practices, rather than just telling people "no sex! sex bad!" as is basically currently the case, and unwanted pregnancies and abortions would naturally plummet. That's what we all want, less unwanted pregnancies and less abortions.

Just because I'm pro-choice doesn't mean I'm not also pro-life, but I believe consent of the woman and a desire and ability to care for the child in a safe environment free from abuse should be what every child born should expect. Children should be born only to people that want them and can effectively care for them, they should not be forced to be born to someone who doesn't love them and is likely to abuse or neglect them.

I apologize for my less collected final paragraph from my last message. Other than your views being similar to those following religious ideologies, there's nothing directly tying what you said to religion. I was assuming but am glad you are not religious.

I obviously do not agree that abortions are murder, abortions are induced miscarriages and even if not induced somewhere between 10 - 40% of pregnancies naturally miscarry. There are significant problems with making abortion illegal, including that women who miscarry naturally sometimes get prosecuted for a crime they did not commit when they are already suffering a loss that's just made worse by the legal system.

There are also higher risks involved with birth than with abortion, with more women dying in childbirth than through abortion. Doctor's and their patients should be allowed to have final say on this not only due to that general risk, but it would also avoid cases we see where the pregnancy has a high likelihood of becoming life threatening if not terminated early but the doctor's are too afraid of legal prosecution to proceed with necessary treatment to save the woman.

Fetuses are not babies, not while they threaten the life and well being of the women carrying them. Women with true bodily autonomy should not be compelled to risk their lives and well being to bring to term a fetus they do not want or are not equipped to care for just because they had sex. This is not good for the woman or the child born to a home with no love for them.

Until we advance technologically enough to support fetuses outside the womb (and advance economically enough to support them to adulthood without putting undo burden on anyone through more taxes that pay for the support of children without willing parents), then removing consent unfortunately leads to the death of the fetus. Consent for sex does not equal consent to maintain life threatening pregnancy. But I know you disagree on this, so let's agree to disagree.

Also, even though we disagree so far (and you rudely keep calling my responses nonsense when they are not, with the exception of the last paragraph in my previous message), you have my respect for engaging on a touchy subject for as long as we have.

In response to the land/voting issue:

Voting is what ultimately makes the rules, so if only those who own land can vote then only those who own land can make the rules. Now just because I do not agree that ONLY those who own land should vote, doesn't mean I disagree on your principle view that only those who are invested in the jurisdiction should be able to vote on its policies. I actually agree with you partially.

Personally I like the idea that you only get a vote once you live in a jurisdiction for a period of let's say 5 years, you get another vote if you purchase and live on that land as well for that 5 years. So after 5 years renters invested their time, while owners invested both their time and money (which is just preserved time). After maybe 10 more years each would get another vote or 2 based on these criteria and then after maybe another 20 years another.

This would allow those less invested due to financial circumstances a chance to vote based on their time invested alone which I think is fair. It also provides a decent amount of time lag before changes of law could occur due to high levels of immigration, providing some level of legal stability to current citizens whose voting power would also increase as the new residents gain voting power.

This is another reason I like Blockchain tech, because only those who actually invest time and effort to run nodes get to influence the direction of the network by participating in the consensus of network updates. Users don't get to vote, they just to benefit from the network as it is.

Back to the draft, seems we overall agree. However the selective service was started by Congress in 1940, it was not voted on by the public, only 1 representative was female and she did vote yea although it would've passed without her vote anyway.

I don't understand your position or justification to remove women from being able to vote in their representative government based on an act that was passed by almost entirely men that applied to only men, and that the public has no say in. Regardless I'm glad we agree that it is an atrocious act that essentially legalized randomized slavery into war and it should be repealed.

A thriving microbiome from a mix of raw food sources including plant sources (while keeping the majority of caloric intake from animal products including milk).

Ah the "Law of God" huh? Which God? Let me guess, the god of Abraham right? Cool, people should definitely obey the supposed words of an invisible unproven deity worshipped thousands of years ago by desert nomads. Religious texts, written by humans thousands of years ago, are infallible and should be obeyed. We should probably respect those who speak on the behalf of said God right?

No wonder you support forced birth. After all, it's God's will that women should be punished with pregnancy for sex after Eve's sin of eating the fruit so why should they be allowed to choose not to go through with God's punishment if they have sex?

It's God's will that women be subservient to men and be silent, maybe the Muslims have it right in turning their women into silent walking pieces of black cloth.

Slavery and rape are a-okay to God, might as well legalize those as well (so long as you make sure to pay your rape victim's father to purchase his property that you tarnished). Let's stone people for wearing mixed cloth, eating shellfish, or for simply loving someone the desert nomads speaking for God didn't approve. Don't forget if you beat your slave within an inch of their life merciful God has instructed you to let them rest a whole 3 days before you put them back to work!

You literally make me sick. You do not believe in evidence based reasoning of the real world, you believe vile things and claim the moral high ground when you absolutely do not have it. Ridiculous. Your beliefs are shameful and you should be ashamed.

Selective service is an affront to a free society and nobody male or female should be required to go fight in a war that they do not support or believe in.

So you support a system where women are subservient to men and cannot vote, where they do not have autonomy over her own bodies, and where only rich landowners get to decide the rules for everyone.

I suppose you want to allow slavery again too, reintroduce mandatory religious attendance, and you likely support capital punishment. Is that right?

You seem to be really worked up over this, you clearly do not speak with reason but with emotion. You did not hurt my feelings at all. You appeal to emotional "murdering a helpless baby" strawman arguments to support your view. Learn to argue your point effectively instead of resorting to baseless arguments and ad hominem personal attacks.

Keep pushing for the right to enslave women to only be worth what their wombs can create. That they do not own their bodies and can be forced to carry to term against their will. Your position is shameful and you should be ashamed.

Biologically there are 4 things people are driven to do with enough drive to have created 8,000,000,000 people alive today.

1: Breath

2: Drink water

3: Eat food

4: Reproduce

Good luck telling people all they have to do is not do what their hormones are driving them to do. Abstinence only education works so well to prevent teen pregnancies doesn't it?

I suppose we should prevent people who have obesity from getting help too, it's their fault they're fat after all because all they had to do was not eat!

You do not live in the real world.

Since you have openly said you do not care about the individuals involved or their extenuating circumstances, let me know when you decide to adopt abandoned sexually abused children who you forced to be born to drug addicted parents who didn't want them and sold their children to pedophiles. BTW not only do they have intense trauma that will take a lifetime to recover from, they also need to be given drugs to wean them off their pre-birth derived addictions while they likely will keep lifelong mental disabilities related to their early developmental environment. There are many of them in the foster care system right now waiting for you. I personally know people who have done exactly that, and they are incredible individuals for doing so.

It is easy to decide someone else's decisions for them based on supposedly higher moral grounds when you yourself have no consequences for forcing them to do so. I do not agree with you that forcing people to be born into a miserable abuse filled suffering life is preferable to just not being born. Your viewpoint makes me nauseous, shame on you.

I've never been dishonest, I don't appreciate the implication that you expected I wouldn't be.

I fail to see how historically factual government enforcement of sterilization for the explicit intent to prevent reproduction is irrelevant to this discussion. History doesn't necessarily repeat itself but it often rhymes.

Abortion is not about murder at all and has everything to do with reproductive rights, it is you who is dishonest to try to paint it as you are in terms that are black and white.

It's not just about abortion, there are groups that advocate for prohibition of contraceptives as well. Abortion is just the first target.

Reproductive rights refer to more than just abortion, there are groups advocating for the prohibition of contraceptives as well.

As for current states. When a government threatens doctors with prison time over providing abortions they deem necessary for the care of their patients, that the state has no business policing, then the state controls reproductive rights at the expense of the consent of those directly involved.

We do not currently have a state that tells people they're not allowed to have children, but many countries have in the 20th century committed forced sterilization of "undesirables" including the United States. Allowing state control over ANY aspect of reproduction is a slippery slope that is difficult to climb out of. Be careful what you wish for.