Ungovernable Misfits

Show notes coming soon. 

Pleb Miner Monthly Episode 1   Welcome to the inaugural episode of Pleb Miner Monthly! A Bitcoin mining podcast focused on the Pleb Miner, the stalwart that defends the Bitcoin Network.   Listen and Boost the show on Fountain App Visit previous episodes to read the boosts. Value 4 Value is built on the premise that content should free and available to everyone. If Plebs get value from the content, they can choose to send some sats back to the creator.   Statistics Statistics brought to you by Lincoin Pool and their Lincoin Lens   Global Hashrate 273 EH/s with a Network Hashrate of 277 EH/s (Lincoin Pool’s Hashrate is 580 PH/s, #17 pool worldwide)   Over the past Month the highest daily average hashrate has been 273 EH/s December, 9 and the lowest 232 EH/s on November 28   Difficulty Currently difficulty threshold is 34.24 Trillion which is 7.6% lower than the previous difficulty of 36.95 T A note: difficulty adjustments have a high limit of no more that %300 adjustment upward and 75% downward We are set for the next difficulty retarget to take place on December 19 so by the time this episode airs we will have had an upwards adjustment. (it was only 3.27%, yay!)   Hash Price Bitcoin in the mid $17’s around $6.40 a day per 100TH 36,724 sats per day per 100th   S9 – 459 sats/day Machines cost around $100 something like $7.50/TH 2.5 cent Kw/hr breakeven   M30s++ 3,740m sats/day  they are running about $1,888 on Kaboomracks have a bunch for sale 7.2 cents breakeven   S19 J pro 96TH 3,264 sats/day  $1,800 bucks the other day 7.9 cents breakeven @50K BTC $9/day @100K BTC $27/day   S19 XP (140TH)4,760 sats/day $5,500 10 cents breakeven @50K BTC $17.84/day @100K BTC $42/day   M50 (126TH) 4,284 sats/day $2,700 saw some for $22/TH so around $2,360 9.3 cents breakeven   You can make your own chart based on various Bitcoin mining machines on Lincoin Lens   Lincoin Pool is a leading FPPS Bitcoin Mining Pool with FPPS rewards with steady payout, advanced management tools, Best In Class Real-Time monitoring (can confirm, its fast) Paynym payouts on Lincoin AI enabled Telegram Bot, Boty McBotface   Bitesize Bitcoin Cost to Mine   Sponsored by FixRigs Get your machines repaired now, bear market building and maintenance. FixRigs.com FixRigs services all ASIC rigs, the top notch service includes an ultra sonic cleaning as well as a complete diagnostic of your machines, top to bottom. They repair all types of machines, but specialize in Bitmain and Whatsminers. You can expect to receive communication throughout the repair process, providing consistent updates during the repair. As miners themselves, FixRigs understands the pain points of managing multiple machines as well as client expectations when it comes to the repair process.   Cost Time Mine in various locales. Japan it would cost ¥3072 a day or $22 UK at 22(34?) pence a kWh is 17 GBP Norway it would cost 107 kroner or $11 South Africa 200 South African rands/$12 a day Germany $0.38 per kWh €29 /day   Action News Action News is sponsored by Kaboomracks visit them on their Telegram   I have purchased a few machines from Kaboomracks as well as parts and accessories. The process in smooth and expedient. More importantly, they have built a reputation of trust and reliability. Be on the lookout for Alex's Firesales, when he says ‘firesale’, he means it!   Alex was a huge part of PlebMinerMonth facilitating the S9 giveaways, getting gear out to the Plebs, and giving away 2 of the machines himself.   Japanese electric to mine   Hashrate Index Difficulty Bounceback?   Bitmain secret back door update Everyone is cynical and suspect of Bitmain’s intentions here. Kaboomracks Alex Bitmain Post Bitmain is apparently boosting the efficiency of S19 Pros with a firmware update. They make my head spin. Makes you think about how much more efficiency you can get from firmware. Austin Barnhill Bitmain Post “If you run Antminers, this should make you happy and angry at the same time. They keep efficiency from you until their sales drop off. Why you’d mine with antpoo too is dumb.”   Tech Engineer’s post on new gen vs previous gen efficiency vs price.   Bitcoin Bassload's energy market update - Understanding the terms and conditions or your electricity supply contracts is extremely important.   Nico Smid's Bitcoin Mining Cycles (gold rush, inventory flush, shakeout, rebalancing) Nico's News and Insights     Pleb Miner in the Wild Daya Bit Sponsored by Peach Bitcoin PeachBitcoin.com   Peach is the very first peer to peer exchange in a mobile app. Buy and Sell sats with the payment methods of your choice, at the price that you define, at anytime and anywhere! Pre-beta registration is still open on http://peachbitcoin.com, and you'll be able to download the app from the App and Play Stores very soon™   Genus: Pleb Minicus, Species: DayaBitanae   From medium.com@murtidaya Starting my Bitcoin Immersion Journey “Am I crazy? Probably a psychopath. After imagining spending thousands of dollars on electrical bills just to heat our planned pool in the house we are starting to build, I could not take the idea of using the wasted heat of the ASICs out of my head”   We still have some gear to giveaway from PMM! Foundation Devices Passport winner is Bon. He wins with his #PlebMinerMonth clip. Ronin Dojo Kabuto Kidtoshi Lotsafomo and Kenza 3D Pleb Miner skull build Fear is the Mine Killer            

Bitesize Bitcoin (Cost to Mine & Efficiency)   Greetings Ungovernable Misifts, one of the most looked forward to events of the week for a miner is reaching your threshold on the payout of your mining rewards. Aside from the excitement a solo-miner may feel if they discover a block on their own, the steady payout from your pool is as simple pleasure. Generally, there are no surprises, your pools or in some cases a variety of pools will pay out about what you think they will unless of course there's a spike or drought and pool luck or the difficulty adjustment is drastic, but in general you have an idea as to how many sats give or take, you're going to receive. Now juxtapose that amount of stats versus the cost to run your machines for that time and you have a simple profitability calculation. In this episode of Bitesize Bitcoin, we will explain how to factor the cost to mine and the variables that go into profitability predictions.   You'll notice in the intro of this episode that I said profitability predictions just like Bitcoin price predictions, mining profitability predictions are speculative. It's because of this that I don't personally attempt to answer inquiries about mining profitability. Just like future Bitcoin price, I don't know I just keep hashing. But calculate cost to mine and compare it to what you've received in payouts (assuming you sold the second you received them and honestly what Pleb Miner is doing that) is simple math and simple math is my kind of proof of work and in doing so we can derive a profitability snapshot. Cost to mine is easy to calculate, first we need to figure out the wattage of the device we're going to run (now most Bitcoin mining servers’ power usage specs are rated at plus or minus some percentage. Bitmain rates their machines power usage at ± 5% and Micro BT rates their machines at ± 10%. In this instance we will calculate a generic ASIC miner with the power usage of 3200 watts. Now that we know the wattage and since we know from our previous Bitesize Bitcoin on electricity, that power is the rate at which a certain quantity of work can be done over a period of time, we multiply the wattage by time, since we want to run the machine with a maximum uptime (the halving is always upon us) we will multiply by 24 hours. This gives us a power usage of 76.8 kilowatt hours per day. For novelty’s sake that machine made approximately 2 quadrillion 400 trillion sha 256 hashes in one day. Now we can take that 24 hour usage number and multiply it by your power rate, generally a good rate in the US is $0.10 a kWh 76.8 kilowatt hours times 5 cents comes to $7.68 a day to run our generic miner at 100 TH. The US average is currently somewhere around $0.14 (.13%) a kW/hr an 10% increase over last year that ends up to almost $10.75 a day to mine. To bring some perspective on cost to mine your locale in Japan it would cost ¥3105 a day or $22.50. The UK at 34 (22) pence a kWh is 26 of the King’s (cus that old bat is dead) of the KING’s slave notes a day. Speaking of countries that still maintain the lunacy of monarchy, in Norway it would cost 141 (107) kroner or $14 a day to run our Bitcoin mining server. South Africa clocks in at about the same as the norse, 200 South African rands a day or 12 cuckbucks. That’s if the power is on mind you, have a listen to Tensai Bankai's Pleb Miner Month edition of Bitesize Bitcoin and see what I mean. And last on our list, THE Rockstar of European energy policy, Germany. At a whopping $0.38 per kWh running a machine on Fiat dictated solar panels and windmills mixed with the coal-fired power plants you had to turn back on will cost you €29 a day to run. The market price of Bitcoin would have to be over $50,000 for a German minor to break even if he sold regularly how's that phasing out your nuclear power plants going for you? There you have it, cost of mine is simple, power usage in watts times 24 hours times electricity rate. Before we move on let's consider the source of variety in our variables. Mostly regulated electricity, priced in state issued Fiat currency, neither of which adhere to any semblance of laws of economics and or physics. That's why stranded gas miners, miners who seek the source of cheap power, and those that pioneer new ways to generate electricity or capture the waste heat and reuse it, are the unsung heroes of mining. They break the chains of energy market manipulation. The chain created by corrupt governments and NGO grifters and transcend the controls of greedy globalist bankers. They can help usher in a new era of energy sovereignty by rewarding efficiency and innovation. Now to factor in how much Bitcoin you can earn while mining over a time period. in a previous bite sized Bitcoin we explained the difficulty epoch and the 2016 block adjustment period. So, let's take a recent payout average. For the purposes of our discussion, over a one year span some difficulty epochs will be better than others but in this epoch of  somewhere around 36T-37T we will assume two weeks of 100 TH Bitcoin mining generates 477,000 sats worth of mining rewards. At the time I’m recording this, we are about 76% from ATH. We can value those sats at an optimistic $80 for 2 weeks. at $7.68 a day with our .10 cent rate it costs about $107.50 over a two-week period to run. Putting us in the hole $27. But that's if we sell the moment we're paid out and if we ignore several other factors like variable power rates heat capture, different difficulties, equipment costs, depreciation or sometimes appreciation. Transaction fees, pool fees, dev fees, price fluctuation, the value of your infrastructure and so on. It's for these very reasons why when I'm asked about profitability, I shrug my shoulders and point to a profitability calculator or similar tool or I say I can tell you the cost of mining but profitability and especially future profitability, DYOR. Go ahead you can plug in numbers and scenarios to your hearts content, the calculators will do the work for you. As for me I'm gonna hash, I'm gonna hodl. For a lot of pleb miners it's not just diamond hands but diamond plugs we're not unplugging (or should I say we’re hesitant to, it’s physical painful to turn them off, as if our heart stops beating. Difficulty be dammed, Bitcoin priced in fiat pfft 1 bitcoin is = 1 bitcoin. you’re not taking this away from us, we will hash, we will defend the network, we will find a way. As the great Charlton Heston once said, “I want to say those fighting words for everyone in the sound of my voice to hear and to heed, FROM MY COLD DEAD HANDS!”    

Self custody is personal responsibility - Actionable advice with Antomous I had the pleasure of sitting down with my good friend @antomousB. Antomous is the founder of the Bitcoin self-custody security solutions company Vulcan21.com. He also joins me and QNA for our monthly shows and has been contributing to the open-source space including his work with SeedSigner, SteelQR and SeedMint.  In this conversation we discuss the importance of self-custody to protect yourself against incompetent and/or fraudulent custodians as well as to uphold the core principals of Bitcoin the network and bitcoin the asset. Most of this episode is dedicated to actionable advice regarding holding your own keys. Getting your keys off exchanges is the Zero to One moment which does not require a perfect setup. We then cover a detailed seven-step-plan to guide you through the considerations and tradeoffs when deciding on a security setup. Antomous also recommends running your own node, planning for inheritance, and practicing with Bitcoin testnet. Lastly, we go through the range of high quality, secure and convenient bitcoin seed security products offered by Vulcan21.com. These include the SeedSigner as an air-gapped signing device in combination with the SteelQR backup plates that secure your seed encoded as a QR-code on 316L stainless steel (also compatible with Blockstream Jade). The SteelQRs can be additionally secured in in the SteelVault. Finally, the SeedMint stamping jig is back in stock which you can use to secure your human readable seed on general-purpose stainless-steel washers. Take personal responsibility, one seed at a time. As always, I enjoyed speaking to Antomous and would urge anyone with questions to reach out. My DMs are always open. twitter - @MaxBitbuybit twitter - @bitbuybitpod Website - https://ungovernablemisfits.com Show guest twitter - @antomousB Special mentions twitter - @Vulcan21com twitter - @SeedSigner twitter - @SteelQR21 twitter - @SeedMint21 As always please feel free to reach out and ask me any questions. Today you can exchange $1 for 6040 Sats (Sale ends soon.) Thank you, Foundation Devices, for sponsoring the show. Use code BITBUYBIT at check out for $10 off your purchase Links to discussed topics: Vulcan21    https://vulcan21.com/ SeedSigner:    https://seedsigner.com/ Blue Wallet:   https://bluewallet.io/ Sparrow Wallet:   https://sparrowwallet.com/ Nunchuk:    https://nunchuk.io/ Specter Desktop:   https://specter.solutions/ Samourai Wallet:   https://samouraiwallet.com/ Blockstream Jade:   https://blockstream.com/jade/ Foundation Devices:  https://foundationdevices.com/ Testnet Faucet:   https://coinfaucet.eu/

Keirnan Wright   In this PlebMinerMonth bonus episode Jon sits down with Kiernan Wright of Bitcoin Greenhouse. Bitcoin Greenhouse are developing and building an open source, solar powered bitcoin mining greenhouse on Haida Gwaii, the traditional territory of the Haida People, off the coast of British Columbia, Canada.   The Haida people currently live downstream from food and energy, power is provided by diesel generators, food sometimes shipped across Canada. Kiernan hopes his project can empower the first nations people of Canada to become sovereign again by producing their own food, energy, and secure sound money, as Bitcoin is the heart of this project. The open-source greenhouse will eventually provide food, jobs, and stability to the Haida Gwaii nation.   The greenhouses will be built in the longhouse style of the Haida Gwaii. The roofs of the structures are large and will be covered with solar panels, the panels will provide energy to the Bitcoin miners and any excess will be sold back to the grid. The miners housed inside will proved heat for the growing operations, allowing growers to plant an array of crops.   Kiernan can be found on Twitter @stillBTC and @btcgreenhouse, view his art exibit here, Haida Gwaii Museum.   twitter - @MaxBitbuybit twitter - @bitbuybitpod   Website - https://ungovernablemisfits.com   As always please feel free to reach out and ask me any questions.   Today you can exchange $1 for 5787 Sats (Sale ends soon.)   Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase

What did we miss? NLD bug, FULLRBF, FTX, anyone? Bitcoin Monthly with BQA and Antomous Bitcoin monthly 0021 In today’s episode we got back up to speed on all the software updates that were released over the last two months. BlueWallet has now enabled exporting transaction history and labels and we hope the various wallets out there can agree on a standard for this.  Samourai Dojo now allows you to access Fulcrum in your local network and SeedSigner published an experimental release for a custom SeedSigner operating system. This will be a huge jump in security and performance and it will also allow the removal of the microSD card once powered on. SparrowWalllet has added tab icons and it only took them 16 hours to integrate BQAs request to be able to adjust the QR-code density so less good cameras can read them. HodlHodl is now integrated with Trezor, Umbrel allows community app stores and Samourai Wallet has redesigned it's user interface for STONEWALLx2 and Stowaway collaboration as well as introduced a JoinBot for making collaborative spends without manually choosing a collaborator.  Getting into the major discussion points of the day we went through the details of both NLD bugs and gave our oppinions on the way the situation was handled by Burak who expoited the bugs. We also take our time to go through the pros and cons of the ongoing discussion around the new option FULLRBF in the pre-release of Bitcoin Core v24.0.  Lastly we touch on the accounts of Aaron van Wirdum and Sjors Provoost who attended the pro forma hearing in the case against Tornado Cash developer Alexy Pertsev. As always, I enjoyed speaking to these two and would urge anyone with questions to reach out my DM is always open. twitter - @MaxBitbuybit twitter - @bitbuybitpod Website - https://ungovernablemisfits.com Show guests twitter - @BitcoinQ_A twitter - @antomousB Special mentions twitter - @AaronvanW twitter - @provoost twitter - @citadeldispatch twitter - @brqgoo As always please feel free to reach out and ask me any questions. Today you can exchange $1 for 6040 Sats (Sale ends soon.) Thank you, Foundation Devices, for sponsoring the show. Use code BITBUYBIT at check out for $10 off your purchase Links to discussed topics: BlueWallet:    https://github.com/BlueWallet/BlueWallet Samourai Dojo:   https://code.samourai.io/dojo/samourai-dojo SeedSigner:         https://github.com/SeedSigner/seedsigner Sparrow:    https://github.com/sparrowwallet/sparrow Trezor:    https://github.com/trezor/trezor-suite Umbrel:    https://github.com/getumbrel/umbrel LND:     https://github.com/lightningnetwork/lnd Nunchuk:    https://twitter.com/nunchuk_io/status/1592910577701392384 Samourai Wallet:   https://docs.samourai.io/en/wallet  

  In todays episode i speak to Urban Hacker about a new way to orange pill future bitcoiners. We also discus privacy, ethics and energy production. I’ve really enjoyed getting to know UH over the last few weeks and I’m very excited to see this project develop. check out the link bellow for information on what Urban Hacker is building and how you can help. Enjoy the show Show guest  twitter - @realUrbanHacker Website - https://urbanhacker.net/the-orange-simulator/   twitter - @MaxBitbuybit twitter - @bitbuybitpod Website - https://ungovernablemisfits.com   As always please feel free to reach out and ask me any questions.   Today you can exchange $1 for 5787 Sats (Sale ends soon.)   Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase

Pleb Miner Month Finale We did it! We managed to present and entire month (ahem, make that 2 months) of mining content focused on the Pleb Miner. Max, Jon, and Sarah took on the task of herding cats in this #PlebMinerMonth finale featuring: @SalGoodHODL, @hashing2heating, @406Bitcoin, @techengineer21, @DCentralTech, @pwmarcinko, @BingBong_BTC, @ZuccThis, @KaboomracksAlex, @bitcoinbassload, @btctwatterpants, and @Schnitzel.   #PlebMinerMonth started out as a proposal to feature Pleb Miners at a mining conference and grew into so much more. Max and Jon merely set the wheels in motion, the #PlebMinerMonth crew took it from there and as the month rolled on, more and more Plebs hopped on the train. Now it’s a perpetual motion machine speeding along under its own power.    We launched #PlebMinerMonth with Jon’s “What is a Pleb Miner” Bitesize Bitcoin and a pod with Max and @Diverter_NoKYC. The launch was fitting as many Pleb Miners were inspired to do so because of Diverter’s “Mining for the Streets’ article. Just as Mining for the Streets kicked off many into mining, we hope that #PlebMinerMonth will do the same for a new generation of miners.  During the month we featured articles from @Smidnico, @Marketsbylili, @Schnitzel, energy market updates from @bitcoinbassload, as well as Stormcrow from @SovrnBitcoiner. A BlackBox build guide from @YooperHODL, Bitesize Bitcoins from @BingBong_BTC and @ZuccThis and several awesome interviews, some that have yet to air! We gave away ASIC miners from @Kaboomracks, @pwmarcinko, @btctwatterpants, @406Bitcoin, @DCentralTech, @mrcdbrown3 and Jon. We were moved at the willingness of Plebs to #HashTheTorch. We awarded UngovernableMisfits.com gear such as Pleb Miner Skull t-shirts and hoodies, and gear donated by @onthebrinkie from @NoderunnersShop. Braiins was a major sponsor of the month, they donated limited edition clothing, Bitcoin mining handbooks, and a very generous amount of sats to cover the shipping for all the giveaways. @ZuccThis donated 3D printed fans shrouds from ASICFanShrouds.com. We also gave away @SeedSigner build kits, @FOUNDATIONdvcs Passports, and a @RoninDojoNode Bakuto. The amount of equipment and prizes that we were able to distribute to the Plebs was more than we expected. It was due to the incredible generosity of the Bitcoin Pleb movement that we had the privilege of dishing out the swag.  Thank You from Max, Mr. Crown, Jon, and Sarah to everyone listed above as well as: @TheGianMendoza, @artdesignbySF, @HodlRev, @bitcoinbabybee, @BonHodl, @stillBTC, @urningushem, and @x218935 and of course thank you to the Plebs who listened, interacted with us on Fountain and Twitter, and read the articles. You have inspired us more that you can ever know, LFG!!!

The aim of todays episode is to help bitcoin users hash privately and store sats securely. Bitcoin is a very powerful tool for anyone wishing to take control and protect themselves, but like any tool it must be respected and used correctly. Ive chosen my two guests for todays episode because they put out some of the best content available and have a huge amount of knowledge on mining, security and privacy. We cover mining and a step by step walkthrough from buying the machine, plugging in, choosing a pool to conjoin and storage. i really hope you enjoy the show and find it helpful. We also announce a very special giveaway so keep an eye out on twitter and UM for a chance to win.   Show guests   twitter - @BitcoinQ_A twitter - @Marketsbylili   twitter - @MaxBitbuybit twitter - @bitbuybitpod Website - https://ungovernablemisfits.com     As always please feel free to reach out and ask me any questions. Today you can exchange $1 for 5274 Sats (Sale ends soon.) Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase

  If you care about privacy, open source and bitcoin there is no better node package in the world than Ronindojo. Today i had the pleasure of speaking to the co founders @GuerraMoneta and @BTCxZelko. These fucking legends are supporting pleb miner month by giving away an incredible prize. listen to the episode then click on the link bellow.   https://ronindojo.io/en/blog-pleb-miner-month-competition   Show guests   twitter - @GuerraMoneta twitter - @BTCxZelko     twitter - @MaxBitbuybit twitter - @bitbuybitpod Website - https://ungovernablemisfits.com     As always please feel free to reach out and ask me any questions. Today you can exchange $1 for 5228 Sats (Sale ends soon.) Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase