Ungovernable Misfits

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ACTION NEWS!!! Is your source for news on the #Bitcoin mining scene! Statistics, #Bitcoinmining news, energy market alpha, comedy relief and as always, witty banter between Jon and Max.

Gear Up!! Ungovernable Misfits style! Sun’s Out! Guns Out! Get you FAFO T-Shirt here.

Intro Music: Husker Du - Divide and Conquer

In this episode we deep dive into Statistics, particularly cost to mine statistics, read another excellent Bitcoin Bugle Article, get an energy lesson from Bassload, and get skinny on the mining industry from Altair. We also cover self-appointed Bitcoin saviors who no one wants or asked for. BIP-47 is alive and well, PayNyms still work! Powerful forces of seek to divide and conquer, not just factions within the Bitcoin and Sovereignty communities, but humanity. Resist these physical and spiritual attacks with knowledge!


We begin this episode as we do all shows, by communicating with all of you via podcasting 2.0 boosts. Be sure to Boost on the podcasting 2.0 app of your choice. At Ungovernable Misfits we offer a feature rich podcasting 2.0 experience.


Lincoin Mining brings you Statistics like: global hashrate, hash price, hash value, tx fees, and more. Lincoin has made some changes to their payout structures. Minimum payout is now .0001 for lightning and .005 for on chain, make changes as necessary.


The statistics section of this episode of intense, best to listen with a pencil, paper, and calculator in hand. Operating a 1PH bitcoin mining setup, focusing solely on electricity costs at a rate of $0.07 per kWh, requires 20 kW of power, resulting in a daily electricity expense of $33. This generates $50 in Bitcoin daily, leading to a profit of $16.40 per day or approximately $500 per month, excluding significant additional costs for equipment and containers. Listen for even more cost to mine breakdown. We also breakdown an off-grid solar mining setup with data received from a Pleb who is trying it, $8,500, including panels, control box, batteries, a tracker, and mining hardware. Despite these investments, the system, with limited 33% uptime, generates approximately $100 per month in Bitcoin, with 2-year monthly loan expenses of $350 at best. Mining has its challenges, and we feature this cost to mine breakdown in order to give listeners a better understanding of the operational costs of various scale and type of mining operations.


ACTION NEWS!!! Has ACTION PACKED Sponsors

• Bifrost Manufacturing
• Altair Bitcoin Mining Solutions use promo code: UNGOVERNABLE
• Lake Satoshi Bitcoin Beach Retreat

Jon reviews an article by Richard Greaser of the Bitcoin Bugle Mass Non-Compliance Erupts Wait Until the People Who Just Want to Comply and Be Left Alone Get Involved.

This Bugle article has been brought to you by your friends at PODCONF.


PSA Ungovernable Misfits is NOT PODCONF approved, we encourage you to tune into PODCONF approved podcasts like “What the Bitcoins do” “Why We are Bullshit” and the “Swan News Happy Hour” We at PODCONF boast a growing list of PODCONF approved and trained journalists like Natalie Brunells, Stephan Librara, and Pete Rizzler, who are guaranteed to provide accurate, peer reviewed, and compliant Bitcoin content, free of disinformation.


Continued listening to non PODCONF approved pods like Ungovernable Misfits may cause the following side effects: restlessness, curiosity, skepticism, autonomy, sovereignty, defiance, kinship, competence, proficiency, enlightenment, wisdom, self-determination, and overall…nonconformity.


At PODCONF, we only want the best for you, and the Children, as we believe, they are the future.


Altair gives us the skinny on the mining industry: Square is entering the Bitcoin mining ASIC space, challenging industry leaders like Bitmain and Whatsminer by announcing their own ASIC chip designs, potentially increasing competition as well-capitalized players like Sealminer and Block enter the market.


Bitcoin Bassload Update – Don’t Believe the HYPE!

Building power plants is a massive undertaking, moving from concept and design to operational phases. It's crucial to understand that requesting MWs and actually receiving them are completely different, necessitating new rate classifications. Despite an ISO having 175,000 MW of solar ready to integrate, grid realities mean only about 25% of that can actually be utilized. Interconnection queues are also typically oversubscribed, not all projects make it through. This complexity makes it essential to ask hard questions and understand the fundamental physics involved.


Be sure to visit UngovernableMisfits.com for more writings and to catch up on past articles.


We Ungovernable Misfits, bound by themes like autonomy, self-reliance, and skepticism of authority, face external forces that use these traits to divide and weaken us, employing tactics of discord to dilute our collective resolve. Recognizing these divisive strategies is crucial as they are maneuvers by those who fear our individual sovereignty and seek to undermine our commitment to freedom.


See you next time! F@%CKERS!!!


Thanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.

You can support this episode using your time, talent or treasure.

TIME:

- create fountain clips for the show
- create a meetup
- help boost the signal on social media

TALENT:

- create ungovernable misfit inspired art, animation or music
- design or implement some software that can make the podcast better
- use whatever talents you have to make a contribution to the show!

TREASURE:

- BOOST IT on the Podcasting 2.0 apps (https://podcastapps.com)
- STREAM SATS
- DONATE via Paynym @ https://paynym.is/+maxbuybit (MAX)
- DONATE via Paynym @ http://paynym.is/+weatheredthunder791 (JON)
- BUY SOME CLOTHING @ https://ungovernablemisfits.com/store/

(00:00:00) Welcome Mi Familia 🤝

(00:02:26) Boosts From the Plebs

(00:14:06) STATISTICS 📊

(00:15:02) LINCOIN: Payout Thresholds Are Going UP

(00:19:20) Hal-Finning: Before & After

(00:24:28) What Were You Wearing During the Halving?

(00:29:42) Mining for the Greater Good

(00:32:04) Get Your Calculators Out 🧮

(00:41:42) Gettin' Dirty on the Grandparents Roof

(00:44:25) Morality Has No Place in This Mining Town

(00:46:35) Booster ⚡️ Questions the Science

(00:49:28) Mining, Selling Crack and the Mafia

(00:54:22) ⚡️ Send Us a Boost! ⚡️

(00:55:50) Wait. What's This About a Volkswagon?!

(00:58:09) Art 🎨 By Bit-Buy-Bittenschtein

(00:59:40) BIFROST Manufacturing: The Talent Whisperers

(01:03:01) Sunday Solomine Soiree's

(01:05:36) ACTION NEWS!!! 📰

(01:07:18) PODCONF Presents The Bitcoin Bugle

(01:09:08) "Mass Non Compliance Erupts Following FBI PSA"

(01:12:46) Altair is Trustpilot Approved ✅

(01:17:33) Altair's Industry Inside Scoop 🔎

(01:20:24) BASSLOAD: Don't Believe the Hype

(01:23:07) Dorsey, Mallers, Saylor...It's a Milieu

(01:28:02) Don't be a Petatard

(01:29:37) 🥷 BIP 47 & Paynyms 🥷

(01:37:52) Wife Talk 💅

(01:39:41) Lake Satoshi Beach Retreat is Coming Soon

(01:43:36) Do Not Let Them Divide & Conquer

[00:00:11] Unknown:

Yeah, Max.   Everybody, listeners, welcome to another episode of Action News.   That's all caps.   123 exclamation points.  

[00:00:22] Unknown:

3? I thought we're going for 4.  

[00:00:25] Unknown:

Way   too much.  

[00:00:27] Unknown:

Not in the budget.  

[00:00:28] Unknown:

We don't wanna, like, be in people's faces. Mhmm. I do. That's true.   Well,   then add an exclamation point to your name.  

[00:00:37] Unknown:

Okay. I should do that. It's been so long, mate. We haven't spoken in about   7 minutes. I've really missed  

[00:00:45] Unknown:

it. Well, you know, people will notice that, the next episode of PMM has come out and Action News has not. And that's because there's just too much   post having to talk about for us to record at that time. You got all stressed, haven't you? We've zoomed out. I'm worried about you. We've taken a a balanced analysis,   and, we're ready to go. He's still stressed? Am I still stressed about looking at my payouts   and seeing that they are now half?  

[00:01:15] Unknown:

No. You're stressed about preparing for the show. I started to get worried about you. Like, there's just so much news. I have to cover it. It must be right. Yeah. There's so much news. If we were to cover everything that I want to cover  

[00:01:27] Unknown:

on a monthly basis, this this is all we do. We could do this every week.   Easy. I'd love to do it every week. Who knew mining was so exciting?   Mhmm.   Mhmm. Mhmm.   That's all you're getting, mate. I wanna give everybody a preview of the show.   We're going to deep dive into some mad statistics.   It's deep.   Mob deep. We got a great bugle article to read.   We got some Altair updates. Oh. We got   a baseload   update.   Saviors in the Bitcoin space that nobody fucking asked for. Say my pay name, motherfucker,   and divide and conquer? No way, Jose. We're not doing it. It's very organized.  

[00:02:08] Unknown:

That's what you think. The first time we've broken   it's the first time we've broken it down so nicely. Are we becoming professional?  

[00:02:15] Unknown:

Oh, I hope not.  

[00:02:17] Unknown:

No. I don't think so.   It feels a bit like that, though. It's on the edge of it. It is on the edge of it. Like, I actually know what's coming.   We're still shit. Yeah. Well, of course.  

[00:02:27] Unknown:

Let's get right into it, Max.   Let's thank our podcasting   2.0   supporters   by reading their boosts. Let's do it. I'll start.  

[00:02:39] Unknown:

Warm orange tart, 21100.   69,420   sats.   Long time listener,   first time booster. Oh, well, thank you very much. Thank you. One more orange tart. I had to send along some sats for my fellow sugar baby.   You should have stuck with it, Max.   I have a sneaking suspicion you would have made those antiques   shine again.   Where are John's sexy stories with a little bitey lip? Sexy little bitey lip thing. Question mark. Till next time, fuckers.   Cherry pop.   Oh, okay.   Do you have any sexy stories? I I'm gonna have to make some up now. You have to yeah. It sounds like Cherry Pop. I was never a sugar baby.   I think you'd make a great sugar   baby. Thank you very much, Max. Hey. I actually think you'd make a good sugar daddy, except you've got no fucking money. Right. That's a   that's a requirement. You've got all the other parts, though. You've got the beard. Mhmm. You're a bit creepy,   quite needy. Yeah. All those things. Right. Yeah.  



[00:03:44] Unknown:

Hey. Let's let's be nice.  

[00:03:48] Unknown:

I'm gonna be an asshole today because as I've told you, and now all the listeners are gonna know, I've been shitting myself all morning. I've been thrown up on by babies.   My missus is throwing up and shitting, and even the dog doesn't seem very well. So this house is,   it's not somewhere you'd wanna be. I'm trying very hard to get through all of this without making a mess in my office. And, yeah, I'm a bit grumpy, so I'm gonna take it out on you, mate. That's okay. I'm I'm quite used to it. For listeners,  

[00:04:19] Unknown:

who keep track of all of these episodes,   we had a wonderful   retelling of,   Max's experience with his dog shitting all over his kitchen.  

[00:04:29] Unknown:

Mhmm. Now the the rest of the family has decided to join in. Yeah. Same dog. I'm I'm doing more of the shitting than he is at the moment, but we shall see how the day progresses.   Anyway, back to the boosts.   Late stage HODL, 55,555   SATs,   boosty   McBoot Face.   No. I fucked that up. You did. Boosty McBoostface.  

[00:04:53] Unknown:

Thank you, latestagehodl. Nope. Still fucked it up. What do you mean? You said boosty Mcboost face. It's boosty Mcbooster   face. Oh, for fuck's sake. Well, anyway, thank you, late stage huddle. I appreciate you. Listen. Late stage huddle is a is a prolific booster, and you better get this shit right. Everybody else, you can fuck up, not  

[00:05:13] Unknown:

us. Boosty,   McBoosterface.   Apemithrandir   Virginia   is the home of the CIA and also US data centers.  

[00:05:25] Unknown:

This is true? This is true. Yeah. That was in reference to a base load update that we did last time Mhmm. Where he talked about dominion energy and the growth of AI   within that electric utility.  

[00:05:38] Unknown:

Chet. Lincoin   and Foreman   are both great tools.   John always talking shit and starting drama.   L m f a o. He hasn't capitalized that one. I I like it when he capitalizes them. Yeah. Get on it, Chad. Yeah. Bear that in mind, mate.   And then wonders why, and then another small   l m f a o. I don't wonder why.  

[00:06:03] Unknown:

Hey, Link coin is better. Link coin is better than foreman. There you go. Okay. Drama. He said it. Drama started. I love it. I wonder why.   I wonder why everybody's mad at me.   Next up, our good buddy, Bon. Oh, thanks, guys. It's been an honor and a privilege to listen and support you from the beginning. The shows still stand as the best produced out there. The effort is noticeable and recognizable.   Much respect to the both of you. That's nice to hear.  

[00:06:30] Unknown:

Yeah.   That is really nice to hear. It's Even though it's Canadian, the compliment matters. To say. I was about to say. It it means less, doesn't it? But still, thanks, mate. That still matters. Yeah.  

[00:06:43] Unknown:

War time. Sugar Baby Max will be in my head forever.   That's true, along with the many, many   lovely   lady lovers that he had during that time frame.   Chet,   base won't even get the ball if we play make it take it. Max knows the winning horse to back.   Up the bet to 50,000   sats, Max.   They call me the sat collector on the court.   Y'all some knuckleheads.   I'm a dunk on Lake Satoshi Ben on a lowered rim. LMFAO.  

[00:07:14] Unknown:

Okay. Well, two things there, mate. 1, I don't have 50,000 stats to bet on you. Not that I don't think you're gonna win, but I don't have the 50,000 stats. And secondly, can you stop talking about rimming on this show? We wanna keep it clean, mate. Badam bump.  

[00:07:27] Unknown:

Bubba,   peace and love and fuck you. It's all love, sorta.   That's true. Witty banter aside, y'all gotta work on that redneck hillbilliness.   But the nation still finds y'all interesting, in an alien sort of way. We like aliens out here in the desert.   Fundamentals,   action news delivered. Great rip. Thank you, sir. Thank you very much.   Chet, Jihan Wu was not a good actor. I'm sure Bitcoin has changed and humbled him by now. I love his Wikipedia.   Wikipedia wiki slash jihan_wu.  

[00:08:01] Unknown:

It's one of my favorites too, actually. Yeah. I'm on it every night.   Chet. You don't have to be 23 to have a good old Irish time, you fucks. You gotta fight for your right to party.  

[00:08:15] Unknown:

Thank you, beastie boys.  

[00:08:17] Unknown:

Nobody from nowhere.   The fuck was that? I could not boost more than a 100 sats.  

[00:08:25] Unknown:

Oh, well, we we we can give you a class on how to boost more. Yeah.   Next up is a series of boosts with the periodic table developments. And if you've listened to our most recent PMM   episode, I have already taken care of that. So please refer back to that episode if you want to hear the periodic table of elements on Ungovernable Misfits. We will no longer   be reading the periodic table of elements.   I have spoken.   Hey. Chingity ching.   Hey. It's time for Piez' boost.  

[00:09:00] Unknown:

Sick of this shit. Booyaka. Booyaka. Do you know what I'm really enjoying at the moment is I follow Pies,   and I like to see his aggressive comments in Yeah. Cuckmack shows.   Yes.   It's always so nice because it's, like, always, like, a bit of a backhand. It's like,   interesting show. Guests did Guests did a great job. Shame about that fucking cuck, Cuck Mac.   That complete cunt, McCuck Mac, or something like that. I'm like, yeah. I like it.  

[00:09:30] Unknown:

He's our he's our bulldog.  

[00:09:32] Unknown:

Yeah. Put some shilling maybe in there as well. Maybe put, you fucking cunt McCuck Mac. This is why no one respects you, and everyone listens to Ungovinal Misfits. And then number 1, number 2, and number 3 episodes on fountain. You cunt. Something like that, and then little links or something chili.  

[00:09:50] Unknown:

Yeah. Then say, boo yaka, boo yaka. Yeah. Then say boo yaka. Yeah. Noted.   Pies also says, I wanna be a sugar baby. Hook me up, bro. That was a failed one, mate. Can't help you there. Then we have   here we go. I'm gonna give this a shot, Max. Here we go. Beers, beers, beers, beers, beers, beers, beers, beers, beers, beers, beers, beers, beers, beers, beers, beers, mushroom, mushroom, mushroom, mushroom, mushroom,   Thank you very much. Not bad, mate. Thank you. Thank you, sir. Next up for pies, let me add them, dog. Pleb minor mafia familia. See. Then he says, that's why I finally deleted my Telegram account. Too many scammers. Nostril only, son.   Bloody government cucks.  

Bloody l mate.   Stop,   drop,   shut them down, open up shop.   Woah.   Boost.   Uncomfortable   misfits mofos.   Thank you, Pies. Thank you very much.  

[00:10:58] Unknown:

Yo, yo, yo, yo.   Fresh out of surgery, and I get to hear my favorite Bitcoiners   and Dominic the donkey. Biz. Biz. Biz. Biz. Biz. Mushroom. Mushroom. Mushroom. Mushroom. Rocket. Rocket. Rocket. Rocket. Strong-arm, strong-arm,   strong-arm, strong-arm, strong-arm, strong-arm. Can't get my strong arms and my mushrooms out.  

[00:11:17] Unknown:

Don't even speak anymore. Sounds like a personal problem.  

[00:11:23] Unknown:

Mate, I can't even speak. I've had so many coffees as well. You're a mess. Do you have to puke or shit yet?   I need sort of both. You know when you start getting quite, like, hot and sweaty when when sort of, like, one or both is brewing. I'm at that stage, and it probably hasn't it probably hasn't helped that I have had 4 cafetiers of coffee already today.   It's not a great look. This is no good. I'm very worried. Rest of the show.   Yeah. I'll keep my reading to a minimal.  

[00:11:51] Unknown:

Nobody from nowhere. Thanks for correcting my poor English. Of course, this time, I managed to laugh my ass off.   Spelled it out. That's good.  

[00:11:59] Unknown:

Spends the time on the news. To laugh it out.  

[00:12:02] Unknown:

Yes. That is what he said last time. Very good. We'll get you there, nobody from nowhere. You'll be talking like Chet in no time. I have just paid my winter heating electricity bill for my s 19. 6 months in a single payment. Fuck. Fuck. Fuck. Fuck.   Fuck. Fuck. Fuck. Fuck a motherfuck. Fuck a motherfuck fuck. Anyway, that doesn't kill me, makes me smarter. I spent half a day, and I think I know where I fucked up. Next time should cheaper. But the home was warm and water hot. It was worth it. Thank you again. Feral hippie. Love the banter in reading of emojis and boosts.   I don't have many sats in fountain. I'll send more   on nostril.  



[00:12:41] Unknown:

Farewell. I don't think you will, mate, because we don't really fuck around with nostril, do we?   Crown does. Oh, Crown does. Okay. Send them to Crown then. Crown got a ball and zap.  

[00:12:51] Unknown:

Okay. Very nice. And last, but certainly not least, we have Karl.   You may know Karl from Karl's Corner. Yes.  

[00:13:01] Unknown:

Get in your corner, Carl.  

[00:13:03] Unknown:

That's a cozy corner, Carl.  

[00:13:06] Unknown:

Ungovernable misfits,   high signal.   Practice permaculture,   participate in Bitcoin,   use Nostr, hold keys, run node, mine, attend meetups, no KYC,   p 2p, focus on sovereignty   and resilience, building a mesh Adele. Do what is right regardless of the FUD. Be free.  

[00:13:26] Unknown:

Okay, mate. I'll do my best. Thank you very much, Karl from Karl's Corner. And thank you to all the podcasting 2.0  

[00:13:33] Unknown:

boosters.   Pull yourself  

[00:13:37] Unknown:

a cafetiere.  

[00:13:38] Unknown:

No. That's not cafetiere, mate. What is it? Leave that to your imagination.  

[00:13:43] Unknown:

Okay.   Something kinky. I don't know.   Blood.  

[00:13:48] Unknown:

I'm saying nothing.  

[00:13:50] Unknown:

Now we're really gonna get into the meat. You motherfucker.   Are you done being disruptive?   This guy.   You're worse than Urban Hacker.  

[00:14:07] Unknown:

Come on, mate. Let's get on with the show. Stop messing around.  

[00:14:22] Unknown:

Statistics.   Get it, girl.   I'm a tell you the basics for hashing with basics.   Bitcoin mining statistics.   Statistics.   Statistics brought to you by the Lincoin   Mining Platform Platform Platform.   Lincoin has a special announcement   for everybody   starting   May 6,   2024.   You must be made aware of this. Please listen to the sound of my voice. Lincoin is making a few changes to their payout system to better serve their clients and ensure   sustainability   of their services post hal finning. They are decreasing   their lightning payout threshold. Oh, did you know they got lightning payouts now?   If that's something you're into,   check it check it out. I'm I'm sure there's a wonderful guide on the subject   that will make sure everyone can have access to their rewards as soon as possible. But the unfortunate part of that is Lincoin is now increasing their on chain payout threshold to 0.005   Bitcoin to make sure that the pool fees charged can cover network fees. Okay. What about,  

[00:15:58] Unknown:

the lightning threshold? What's that going down to? 0.0001.  

[00:16:04] Unknown:

What's that? 10,000 stats? I don't know math. Well, let me look at my stats converter.   Does yours work? Mine doesn't fucking work anymore. I was gonna have a word with q and a about that. Yeah. No. It it works fine. The only problem I've ever had with sats converter is that you have to erase. So now I went to the Bitcoin once. Now I have to type in 0.0   to get the cursor to move over. You're on bitcoiner.guide?   No. I meant sats converter. Sats converter dot I o.  

[00:16:31] Unknown:

Different different website then. Yeah. That is 10,000 sats. Good job, math whiz. Oh, thanks, mate. Okay. Well, that's a good payout limit.   Oh, look at this. Audacity has just quit unexpectedly   for the fucking 10th time today, while I try and edit.  

[00:16:49] Unknown:

Max, you should be focusing on this show right now. Yeah. I'm sorry, mate. Don't let it get you down. Yeah. I'm sorry. Someday we're gonna get you professional   editing software.   Professional help. We're gonna do it. You don't have to use the the free shit anymore.   It's crashed, like, 5 times today. Get your shit together, Audacity. Can't you make a free program better? Yeah. Pathetic.   Anyway, can I get back to my Lincoin mining platform ad read? Please do. Please do. Alright.   Listen.   I'm not particularly happy about the raising   of the threshold.  

It was the lowest in the industry, and that was an easy thing from a a, sponsor   viewpoint to say that. But I think everybody's going to be going that way post having   you look at these transactions. I'd imagine so. Yeah.   And you think, man, well, how am I going to pay out a 100,000   sat transaction fee? Well, at the moment- You just ate up whatever   As far as the mining pools perspective, you just ate up whatever their fee, their 2.5%   fee on on your mining. You ate it up in transactions. It's unsustainable.  

[00:17:55] Unknown:

Just before we jumped on, I was gonna send a transaction   and then I looked at the men pool and I was like, yeah,   maybe I won't, maybe I'll wait. It was like   480 or something like that. I was like,   blah, blah, blah, blah, blah. So I can understand. You know, what I've done recently is actually  

[00:18:12] Unknown:

made my time before payouts even longer.   I I used to go every week, and then I changed it to every 2 weeks. And if I keep a big chunky UTXO, I'm less likely to spend it because I don't wanna break it up. That's true. So maybe this is forcing you into a savings plan. Yeah. Or it's forcing you to send it out onto Lightning and then boost with it. Hey. There you go. Jigga de jig.   So what happens next with the existing payout settings?   Users with on chain payout thresholds set below 0.005   will have to set up their payout   again.  

So, if you are a Linkcoin user and you have a threshold below that,   you can stop the show right now if you like, or just you got your earbuds on, go over to your computer and take care of that right now. Don't forget. Users with on chain payout threshold set above 0.005   will be unaffected.   Automated Lightning Payouts will remain unaffected.   Quick withdrawal   will still be available to all users to withdraw the rewards   through On Chain or Lightning Network, but you're gonna pay for it. That's it. That is the Lincoin Mining Platform   ad read.  

Now on Ungovernable Misfits action news statistics, we have some statistical analysis   before and after   the Hal Finning.   Global hash rate on a 30 day moving average has remained steady through the Hal Finning and now sits at 632   exahash. Our last episode, it was 586.   7 day moving average hit an all time high shortly before the halving with a hash rate of 655   and has dipped slightly   and is now at 605   exahash.   The one day moving average the day before the Hal Finning was 561   exahash,   and 2 days after the halving spike   to an all time high of 717   exahash.  

Link on mining's hash rate has risen and is now almost 2 exahash.   The last episode, it was 1.794.   We tried to encourage   all the FPPS enjoyers to jump over to link coin and catapult   medi and body over to exahash.   And we almost did it, but now we need another push.   If you're an FPPS   enjoyer,   head over to the Linkcoin mining platform, point your hash there, and   enjoy yourself.  

[00:20:29] Unknown:

I'm looking through now at, all the stats. Lot of numbers here, mate. What do they all mean? It's a lot of numbers on there that you wrote down.   They're starting to swirl a little bit as I look at them. Don't puke. Don't puke. Don't puke. Come on. What's happening?   Talk to me. Tell me.  

[00:20:50] Unknown:

Other mining pools of notes, hash rates, Foundry, 181. Antpool,   147. Via BTC 81. SPI Crypto, the little   primary pool that could, 12.46.   Smaller and solo pools.   Ck pool is at a 134   pet hash.   Kano, which just hit a   block. It's very exciting. Kano is only at 17.25   petahash, and they just hit a block.  

[00:21:17] Unknown:

Nice. Yesterday.   Yesterday at time of Any of the mafia using them?  

[00:21:22] Unknown:

I do believe that uncle Chet had   said something about Kano hitting a block, but I do not know if he was using them. Okay. Let's say he probably wasn't. Okay. Uh-huh. But he did tweet it out. But he doesn't use them. And public pool, solo pool is 1.68   petahash, but has been as high as 2.5   petahash.   Hash value and hash price.   Hash value before the Hal Finning was hovering around 155,000   to 165,000   sats per petash per day. We had a huge jump in transaction fees due to runes and ordinals horseshit. Everyone trying to mint their faggy little   bullshit of supposed rare sats. So And runes.  

Yeah. And they were obviously willing to separate themselves from their wealth and transfer   but are now in the but are now in the dirty doldrums as post having reality has dug its cracked and broken nails into our necks.   And we're now about 75 to 80,000   sats per petahash per day.   Digging under the skin to gross   yellow fingernails.  

[00:22:35] Unknown:

When you go on mempool.space   Yeah. And you see the fees are high, do you   get excited by that as a miner,   or do you get all   sad about it as someone who wants to transact?  

[00:22:49] Unknown:

Oh, no. I'm I'm far more miner than I am transact or So you look and you go It just wants to spend it. You go, yes.   Yeah. Sure. Boosted, baby. Yeah. Yeah. You you you're gonna see why I feel that way when we do our special cost to mind breakdown. Okay. Yeah.   Pimping ain't easy.  

[00:23:08] Unknown:

Luckily, your pimp hand is very strong. So strong.   Yeah. Do you prefer the back or the front? Oh, the back. Yeah. Yeah. That's better, isn't it? Sure. It's more flare.  

[00:23:19] Unknown:

Mhmm. You can, like, get up off your back foot, kind of. Mhmm. You know what I mean? Yep.  

[00:23:25] Unknown:

I know exactly what you meant.   Yeah. I thought you would.  

[00:23:29] Unknown:

At this point, a $184,000,000   have been spent on BRC   20 tokenology.   $266,000,000   have been spent on inScriptoromics.   I have no data on wealth transfer for runes, like   zzzzzfehuzzzz,   my favorite rune. It's so cool. And the Lobo the Wook Pup Rune, and Wanko   Manco Rune. Oh, a classic. Yeah. I do have a statistic, though, on runes.   100%   of inscriptors   and ordinal boys are virgins   and   or gay   and or gay virgins? Yeah. Both. I was gonna say both. Yeah. Yep. I have that statistic right here in front of me.  

[00:24:20] Unknown:

Can't confirm, but I can guess that it's probably correct.  

[00:24:24] Unknown:

That's the first time I've ever heard you say can't can't confirm.   What what were you doing during the having? Were you asleep probably? That seems like your style. You didn't seem to be around. Yeah. That is exactly what I was doing. It was quite late here. It was like I'd recorded 2 shows.  

[00:24:41] Unknown:

Mhmm. Got to, like, midnight   or something. I can't remember how late. I think it was, like, 2 o'clock in the morning here or something like that.   And I got close and I was, like, I think I was, like, 8 blocks.  

[00:24:54] Unknown:

8 blocks or 10 blocks. I would see. It was dark here. Maybe it was, like, 8   here.   9, 2 I think it was it was pretty late. That is too.  

[00:25:03] Unknown:

Yeah. 1, 2 in the morning. Alright. Don't ever question me again, bitch. It was 2 in the morning.   I think it was 8 blocks away. Testy when you're sick. I   know.   It's easy to be tough when you're the other side of the, the pond, so you don't actually have to have a fight. Because if we got a fight right now, it would take very little for you to put me in my place. Yeah. Literally, just just a flick on the forehead. Yeah. Just shit myself.  

[00:25:31] Unknown:

Alright. I'm sorry. Leave me alone.  

[00:25:34] Unknown:

Yeah. It was, I think, 8 blocks away, and then I was just like,   I'm gonna go to sleep. And then I woke up, and I was like, yeah.  

[00:25:42] Unknown:

Nothing's really changed. I'm still losing. Well, like a real dork, I was sitting around 3 different Telegram channels, in the Meshtedel, in the Plebminer Mafia, in Node Runners Radio. Three phones.   Three phones totally geeking out.   Made my made my kids come in. Oh, god.   Okay. Can we leave? It it hit. Great.   There was a lot of chatter in that group because of these stupid   Rune boys.   And have these have these people have a name for themselves?  

[00:26:13] Unknown:

Runers?   Runers.   K. Is that right?  

[00:26:17] Unknown:

Runers? Sure. Why not? Yeah. Okay. Go ahead with it. The their their name they with names like wanko, manko, and Lobo the wolf pup, I don't think they're very good at making up names. So you just make one up for them. There you are. Runers.   Block   840,000   was worth a total of 40.751   Bitcoin.   Wow.   It was hit by via BTC. Mhmm. And that is lucky for those miners because they are a PPS plus payout,   which means if you hit that block with them, they will share a portion of the block reward Wow. And transaction fees with you. Nice.   So that's good for you if you were established on via BTC, whatever their end time is. Unfortunately,   if you are one of their miners, they did not share the 33.3   Bitcoin they made from the sale of the supposed rare sat.  

That's right. That's what they do. When they hit blocks like that, they, they scan them. They put them through the Orty Scan. They sort through all the really cool rare sats. And   they auction it off. And they auction that off for 33.3 Bitcoin.  

[00:27:19] Unknown:

33.3   Bitcoin   for a sat.   Yeah.   Are we old,   or is this retarded?  

[00:27:30] Unknown:

No. I think what it is is we're   masculine   Mhmm. Heterosexual   alpha males. Mhmm. Mhmm. That's pretty much it. You don't lust after res. That's called  

[00:27:41] Unknown:

what was it called? Wanko.  

[00:27:42] Unknown:

Wanko  

[00:27:44] Unknown:

slut  

[00:27:46] Unknown:

thing. You don't you don't lust after rare sets like wank off a wolf puff.   You got me saying English stuff now, wank off. Wank off. I never would have said that 5 years ago. Yeah. It's good though, isn't it? That's great.   Moving on. Hash price. Well,   hash price sucks. Before the how thinning, a miner with a petahashes worth of machines would find that he averaged in the low   $100 a day range. Then we got a real Dick tease around the having with a Hash price of $180   per petahash per day. There were many great blocks after that 180,   840,000   halving block. But we knew the good times weren't meant to last forever. We're now in the dirty, dirty, stinky   depths of hash price, generating approximately $50.  

That's $50   worth of Bitcoin for a petahash   of miners.   It's over, guys.   Shut up. Shut them down.   Close-up shop.  

[00:28:44] Unknown:

Max, we're we're ending the pod right here. Just forget it. Cool. Alright, mate. Well I'm going home. Yeah. I'm off to bed. Yeah. It's been good. It's been average.   Yeah.  

[00:28:56] Unknown:

I appreciate your honesty.  

[00:28:59] Unknown:

So   we can survive is what you're saying?  

[00:29:03] Unknown:

Yeah. Okay. A country boy can survive.   Country boy can survive.  

[00:29:09] Unknown:

You wouldn't you wouldn't know that song. I wouldn't know that song. It sounds like I'm missing out. It didn't look that much different when I went into   my payment. So I was looking, and I was like, actually, I'm not earning 2 dissimilarly to before, but that was in the 1st, like, week or whatever Yeah. Whatever it was. So I was like, actually, this is alright. Right. That first week of FPPS payouts, that was a real,  

[00:29:30] Unknown:

real dick tease.   Mhmm. We're thinking, oh, man. Maybe these Rune boys are gonna carry the day. Mhmm. I don't feel so bad. And then and then fingernails dug into your neck.  

[00:29:40] Unknown:

Cracked Yella.  

[00:29:42] Unknown:

I hear this, like, oh, you should solo mine thing lately,   or why do you care so much about profit? Yeah. You know, you shouldn't be participating in this system with these Inscriptors,   ruining Bitcoin.   Don't don't you profit enough?   I mean, how greedy can a miner be? Yeah. Hey. You should be happy with the stats that you're getting, pal. Yeah. You should be happy if you can pay 80% of your energy bill. Yeah. That's sustainable.   Just be lucky we'd let you mine on this network,   buddy.   Greedy, capitalist, pig.   Yeah. These progressives, there's way too many of these libtard   progressive types in Bitcoin, more than I ever would have  

[00:30:23] Unknown:

thought. Yeah. Well, you know, someone's gotta make a decision on who can and who can't use this chain, you know Oh, is that the way it works?   Yeah. Yeah. Yeah. You can't just have any old Tom, Dick, or Harry just, you know, making transactions and using it freely because that's not what this is about.   You know? You have a few people who are gonna make these decisions,   and that's how a democracy works because that's what this is, isn't it? Oh,   my mistake. You got it wrong, mate. I understand.   Yeah. I think that you thought this was about freedom.   I think that you thought that anyone could do what they want, and that was the whole point in this, but certainly not. So I really also enjoy seeing the tweets from people who don't know what the fuck they're talking about, whinging   and saying, hey. The the fees have gone up from this.  

You have to cancel these transactions.  

[00:31:14] Unknown:

These stupid little whingey There's so much whinging.  

[00:31:18] Unknown:

But it's it's good because it gets eyes on them, and it starts to debate. Mhmm. Yeah. And then they can have someone on to say why they think it's a good idea. And  

[00:31:28] Unknown:

Virtu signaling pays the bills, buddy.  

[00:31:31] Unknown:

It's fucking boring.   Yeah. Very boring. Very boring. Very stupid.   And as we've always said, if you really don't like it, plug in a couple of minors.   You know, you're gonna earn some stats. If you're worried about the cost of the fees, plug in some minors and that offsets the cost for you. So you can hedge it. It's a bit of a hedge. A bit of a hedge. Yeah. Hedge on your transaction fees. It's just yeah.   We don't need to say anything more on it. Just shut the fuck up. Stop tweeting about it.  

[00:32:01] Unknown:

Stop whinging.   Enough whinging everyone. Yeah. Okay. What I'm going to do now is whinge a bit about how much it costs to mine.  

[00:32:11] Unknown:

Okay.  

[00:32:12] Unknown:

Because there are real dollars and cents here, not just Bitcoin.   Right now, we don't pay our electricity bills in Bitcoin. They don't want it. You can send it to them. They don't have a wallet set up. Can't you pay them in virtue signal tokens?   There there are some people working on it. Sonota Energy is is working on the method to pay out your invoices on lightning, you know, in a certain 5 minute, 10 minute period, some something like that. Okay.   I have I spoke to them a little bit last year, and Bassload knows those people. Maybe we can get a better idea once they really roll out their product, which I don't think they have, or they don't have very many participants in it. I don't know. I'll just shut up and just move on with what I have here in the show. Good idea. It is coming though, but for now you're paying dollars. So, I broke down how much it costs to operate   1 petahash worth of mining,   just in electricity. We're just gonna start out with electricity. No other costs. You're in some sort of magic mining vacuum where you don't have to pay for land.  

You don't have to pay for machines. You don't have to pay for containers or maintaining those machines or repairing   those machines or paying yeah. Or depreciation of those machines or employees to go and fix things or filters or, jeez, a tree fell down or, oh my god. A a rainstorm came down and washed out my road. I don't have to put more gravel out there. You don't have to pay for anything. You don't have to pay for your internet service. You don't have to pay   taxes. You're just in some mining vacuum where the only thing you do   is just spit out some kind of magic nonsense into the ether and consume electricity. That's all that's all we're doing here right now. That's how it works. It is how it works. Yeah. That's how I understand it, at least.  

So say we have a rate of $70 a megawatt hour, 7¢ a kilowatt hour, which isn't bad. It isn't great, but it isn't bad. And we have ourselves a 20 joules per terahash fleet. We're gonna say we've got these magic machines that consume 4 1,000 watts   per 200 terahash. That gives us about 20 joules per terahash.   20 joules per terahash mine, at 1 petahash, will need 20 kilowatts of power. At $70 a megawatt hour, that's $33   a day in power   to make our hash price of $50 a day in sats.   So that's a profit of $16.40   a day in profit.  

$500 a month. We're good, right?   Golden, $500.   That should be enough. That should be enough profit for you right now, sir.   Of course, mining isn't just transferring electrons into the ether and generating the Bitcoins.   We need Bitcoin mining servers to consume said electricity to perform their hashing functions, do we not? Well, this magical 20 joules per terahash fleet of machines. So let's say you you got some new machines, you got some k pros,   and they were 23 jewels per terahash. And you got yourself some   S 20 ones, and they're 17 joules per terahash. And then you kinda mix them together. I did a little bit of calculation to come up with this this theoretical number here.  

So let's say you've   acquired all of your machines for 18   dollars a terahash.   So this fleet of   1 petahash   is gonna cost you about $18,000.   So if you brought if you have bought all K Pro's, it'd be about 13,000.   If you had bought all S21s,   it'd be about 21,000.   And so I just mixed them together. And you're gonna need a place to put them. So let's say we magically have a container here. Like, a 96 server container is gonna run you about a 100, $110,000.   So let's just make it easy math, and it's gonna cost you an extra $107,000.   Yeah. Easy math. We're gonna add a   $1,000   to each machine   to contain it. So if you think about this in efficiency, this is one reason why you might want to chase some more expensive miner because you have so much rack space.  

Mhmm. You've got limited rack space. You've got limited PDU space.   So do you wanna fill up your limited PDU space with a less efficient cheaper machine, or do you wanna make that decision to go with a more efficient,   more expensive machine, but you're getting more hash rate per plug in? Does that make sense? It makes perfect sense.   That's not really part of this calculation. I just wanted to mention that, like, sometimes people ask, why why are you going for these really expensive machines? Well, you have limited rack space. You spend a $110,000   for this 96 server container. You're not gonna Well put a bunch of cheap machines Not necessarily.  



[00:36:37] Unknown:

I think not necessarily.   I guess it depends, doesn't it? It's like some people will be running those. Some people will genuinely   have space in their home or   garage or whatever on a smaller scale, and then that kind of doesn't apply as much. But I know what you mean. I know what you mean. For for most miners at the scale that most people are running, then, yes, you have to consider that. The reason I wanna break down this this larger scale and 1 pet hash isn't isn't a large scale. I just picked it for easy numbers. You can just do your multiplication.  

[00:37:07] Unknown:

If it's a 100 petahash, you multiplies   by a 100.   Is well, it's these these larger miners that are contributing most of the hash rate on this network,   and they're not all big giant companies. I mean, a a a 5 megawatt mine doesn't necessarily mean a large company. Somebody that has one container. Look look at Jeff Oates. Look at the Wilson boys. If there's 1, 2, 3 containers.   Those are real plebs.   So back to this example.   You've got $18,000   of machines, which now just turned into $23,000   in machines because you have to contain them for this one pet hash. They average the difference of the k pros and the s twenty ones. Let's say you got a 5% interest on a 2 year loan. That gets you halfway through the next having epoch. You're paying $1,038   a month on the loan for these machines,   and your hypothetical container that mysteriously costs $1,000   per machine somehow.  

Now our pretty good efficiency mine is losing $500 a month. So And we haven't even No one cares, man. Yeah.  

[00:38:08] Unknown:

So what?   Greedy fucks.   Also Oh, well, they just go out of business. Yeah. Exactly. Who cares? Also, don't worry about the fact that they are   investing in these machines and probably having to borrow money. Like you said, you know, 5 percent is pretty decent if you can get that. You know, it might be hard. Yeah. I didn't want I didn't wanna pick anything salacious at just 5%.   Sure. So if they're lucky enough to get 5%, then you also have to bear in mind, they could have just bought Bitcoin. Mhmm. And   as as the value of Bitcoin is rising, they're they're probably thinking, oh, fucking okay. If I would've just done that rather than buying the machines, and now the amount that I'm actually mining is going down, and this is getting harder, and it's all this stress and I have to actually do things and fix things and take time. You know, there comes a point where it's like, well, why would I bother? You know? Mhmm. And if everyone goes, oh, why would I bother? Then it will only be the largest,   most efficient miners doing it. And then all the worries that the same people who are whinging on Twitter have about centralization of mining, they really come true. So, again, shut the fuck up. Well, we haven't even paid for the site. No. For the upkeep of the machines. Okay. Here we are. Let's go. I don't have those numbers because I don't know what your site is gonna cost.  

Mine? I don't have a site. Hashlands.   That's that's that's where mine would run. That's all I have. We make our we make our profit in strippers.  

[00:39:30] Unknown:

So what does Hash price have to be to make this operation profitable?   So you can get ahead. I mean, this is worst case scenario.   But when things are good, you're gonna wanna pay off loans on your overhead. You're gonna wanna scale up to better machines. Grow your operations with sound economic   pizza shop principles   to endure these inevitable times, like super low hash price of $50.   You don't want to go through this again. So this is just a hypothetical   example. If hash price doubled right now, we'd be profiting $2,043   after electricity costs. And we could cover the $1038   alone in machines.  

That's if we don't have a $1500   a month mortgage on the land where our beautiful machines   sit. Now, if we pray for hash price to triple,   of course, that would be better.   Or, if we could get something better than $70 a megawatt hour, that would make things a lot better. Now, I I could do this all day, where you take these different numbers and and lower them down and raise them up. But you get the point here. All of these numbers that I laid out, your cost of machines was pretty good. I I took a pretty decent cost of machines. I took a pretty decent rate. I took a pretty good deal on a container. We built this mine with sound economic principles,   and it's still very difficult. So you don't want, at this point, want to mine your nose off despite your face.  

It's a tough   fucking business, and that's why you need somebody like Lincoin Mining Platform. Oh, I hate FPPS. So I don't know where where where they're kicking up their hash rate to. I'm worried about centralization of mining. Let the fuck okay. We all are, but it doesn't make any you're not in the fight if you're cutting your legs off.   You need somebody like Lincoin that is gonna help you save every little penny along the way, help you inventory all of your machines, help you control them and scale them up and down and take advantage of something better than $70 a megawatt hour if you have to participate in demand response programs. That's why we we don't talk about the pool so much. It's just one aspect of Lincoin. I'm not going into another Lincoin commercial, but there are a lot of tools in there to keep you profitable. That's what you need to focus on as far as that platform is concerned.   The pool is just another tool in the platform to smooth out your payouts.  

But say you don't want to be part of the grid. Say you want to build an off grid system on your grandma's roof, an off grid solar system. Well, that's not cheap either.   I'm gonna read some numbers off to you that come from someone who built a dirty shot you set up. I'm hoping that he will write us some material for Ungovernable Misfits. We spoke about it not that long ago. So perhaps he can break down some of these costs a little bit more than the preliminary information that I have and share his experience in getting it set up and running it long term. But for now, let's say he's got one machine   and he's got $1500   in panels. He originally told me it's $2,000   for 3,600   watts worth of panels, but then Sats Misfit and I were talking about this to make sure that my numbers are right. And he said, oh, you could probably get them for about $1500   for for used panels. But fine. So let's go with the $1500.  

$2,000   for DIRTY's box with the controllers and the capacitors and all the doodads that that he's designed with that box. Another $2,000   in batteries,   and another $1,000 for a tracker. And a tracker is this mount that you put your panels on, and it kinda follows the sun a little bit so you can get better uptime.   And let's say they got a machine for $1,000.   This is just because because you don't need the the newest gen machine. I think he's designed a lot of this with the older older gen s nineteens And a bunch of thick gauge wire because you're going direct DC on this, so you can't go very far. And the distance you do go has to be some thicker wire. So throw a couple dollars in there for wiring. But let's say you got it for free. And this system   definitely   can't boast anything near a 100% uptime even with that tracker. The only way you can increase your uptime   is   to get more of a battery plant, which is gonna increase your initial costs on all this. Or if you live on Tatooine and you have 2 sons, maybe you can get better solar efficiency.  

So over 2 years Just do that then. Just move to Tatooine. It's really easy.   Yeah. Two sons is better than 1. Why not? I heard that. Sure. You drink blue milk, be a scruffy nerf herder. So over 2 years, we're gonna go 2 years on this. This is $8,500   worth of material.   Once again, we've got a 5% loan, because we've got really good credit. So that's $350 a month for this whole setup for 2 years. And at this hash price, with only 33% uptime, and say you got these proposed   efficiency gains for going direct DC, so let's say this machine can get you 15 joules per tera hash, which is pretty good, you're gonna earn about $3.30   worth of Bitcoin per day. Maybe you can get over that 33% with more batteries, but like I said, your initial infrastructure costs are going to be more.  

So that's gonna get you about $100 a month in Bitcoin,   even with this off grid setup.  

[00:44:23] Unknown:

Boring.  

[00:44:26] Unknown:

So there it is, Max. That is my really drawn out cost to mine. You can do this all day. This is this is the thing you need to figure out for mining economics. Mhmm. It's like, you you know, you you wanna tell me that that you're gonna select based on your own moving target of morality   what transactions you're gonna mine without   considering   all of these mining economics.   You're just not gonna be around for long.  

[00:44:49] Unknown:

Well, I think the thing is that the people who   say these things,   they don't mine.  

[00:44:56] Unknown:

So it's really easy to say it, isn't it? Yeah, I guess. I mean, I'd I'd listen. I know a very successful miner down in Georgia who's got a beautiful mine. I mean, this this place is is gorgeous. You could you could eat off the floors. The EMT runs are perfect. The panels are wired beautifully.   This guy,   runs a fantastic mine.   And he is   he's okay with all this filtering, but he has, like, super good sound economic principles kind of minor.   Mhmm. And that's saying you can't do it, but it's tough. And not not everybody is in that situation that he's in with with his rates and and his   his skill.  

Some people just drop container and said, oh, you know, $70 a megawatt hour is pretty good. I'm gonna do some mining. Mhmm. It's   a very exclusive club, I think, that can exist in that ecosystem   for a long time. Yeah. He might change his mind one day. Listen, if one of these filtering pools has a really long streak of bad luck, you're you're gonna change your tune real quick.   Got some other statistic. Network difficulty is 83.95   t, and a little too early in the epoch to predict.   No. It's not too early in the epoch to predict. This is my old notes. It's gonna change in a couple days, and it's probably gonna go down a little bit. I don't even know why I have network difficulty in there. Just to say that, like, it keeps going up   in in the long run. Transaction fees as a percentage of block reward were banging for a couple days around the having.  

139%   transaction fees. Oh. 38%.   48%. 10,   7,   3,   another 5.   Big stretch from 139 to 5.   We had a booster   question my numbers   when I ran a miner on ocean, and I told him he said, hey. You you know, you probably have to wait a couple more days for, you know, the tide's   payout system to settle down, and, you know, I think your numbers are off. And he was right. My numbers were definitely off. So, what I did was I took a, made just made up a spreadsheet of all the FPPS payout days, and I took my total payout that I got on Ocean, and I tried to average what the scoring hash rate of that particular machine was. And I came up with these numbers.   Time I mined on Ocean was 79 days. I mined with a 100 something terahash machine, so maybe I scored about a 105,   a 108, something like that if if I were to average. You look at the scoring on there, and, of course, it it jumps up and down, and I didn't see anything on their dashboard. They gave me the score for that period of time.  

Their dashboard   is really   dumbed down. Personally, I couldn't get a lot of information. I I think that that needs a ton of work, their dashboard. So the total earnings   were 1.5   20,000,000.   I'm not gonna say the exact number, because on that dashboard, you can look at anybody's, you know, payout. You can look at all these machines and wallet addresses   and derive information. So I'm not gonna give away all that information. But an FPPS equivalent earnings would have been about 1.487   something   million.   So the total difference, long story short, was 39,553   sats   better on Ocean versus FPPS during that time.  

So thank you, user 732-414-437   for keeping us fair and balanced.  

[00:48:18] Unknown:

So   the difference in earnings was what? Just say that bit one more time. 39,500  

[00:48:26] Unknown:

and 53 sets better   mining on ocean during that time period   Interesting. Okay. Of 70 of 79 days. But during that time period, they hit 20 blocks, which was pretty good. I I think their luck was up during that time. Mhmm. But since then, they've only hit 12. Okay. And they've gone through some really weird hash rate peaks and valleys. Mhmm. They went a stretch from April 12th to April 25th with no blocks.   Wild hash rate swings from 254   petahash,   then an 800%   increase to 2.3 exahash.   2 days later, they dropped to 334 petahash. 3 days after that, they went up to 654   petahash. 3 days after that, now they sit at 1.35   x ash. So with all those wild swings, you could potentially not be hitting blocks and your numbers would be different. Hey. That's that's the that's the thing with with PPL and s plus or tides or whatever the payout system. You take advantage of the good luck periods, and it sucks during the bad luck periods. And it's that's your choice if if you like that particular payout system. Human be here though, mate. Sure. I'm the way I'm looking at it is like  

[00:49:34] Unknown:

one option,   you choose   the highest fees Mhmm. Because that's best for your business, which is mining. So you choose the highest fees. And   if you're using ocean, they don't   choose the highest fees. That's not true. When you, you have, you have 3 to 3 different block templates that you can choose from. Okay.  

[00:49:55] Unknown:

So I, of course, chose the Bitcoin core block template.   Mhmm. I did not choose the knots block template because it's silly. Mhmm. I don't I I still need statistics. If somebody knows this, some ocean of joyers. If you could tell me what percentage of people are using that block template, I really would appreciate it because I have not been able to find that. But but that block template will filter out some of these transactions that would have higher fees.  

[00:50:21] Unknown:

So my   assumption   would be that over time, like you said, you have sometimes where you'll hit more blocks and then obviously, yeah, you're gonna, you're gonna earn. Okay. And then you're going to have times where you are less and there's going to be peaks and troughs. But my assumption is that over time,   there's no way   that you could earn as much   doing that because you're leaving SATS on the table unless   there's some type of, I don't know, company   or person   throwing in some extra sats for you to do this. Mhmm. Because,   otherwise, how would it be possible that it ever could be as profitable  

[00:51:02] Unknown:

doing it that way? Like, you know, maybe I'm missing something. Maybe I'm missing something too. Because the only explanation I've heard as far as using that block template is   you're basically a better person if you do. Sure. Okay. Well, of course.   Please, somebody, you know, explain this to me too. How long term that you are going to make more sets using the Knots Block template. Mhmm. Totally open to hearing the explanation. I haven't seen   I haven't seen one. Besides, like, well, you're gonna destroy Bitcoin if you keep doing this. Then you get nothing.  

[00:51:35] Unknown:

Yeah.   The the only thing that I can think that's close and only because I live where I live in England is like Mhmm. If you were a crack dealer   and   you suddenly thought,   do you know what? What I'm not gonna do is sell to any women   or anyone   who's under 25, who maybe hasn't thought this through properly, because I care. You're going to make less money   than every other crack dealer who's lurking around there. Even if you're really lucky and there happens to be a load of males over 25   on that particular corner at that particular time and your sales are really good for a few days over time, because half the population are female and a lot of the population are under 25, you're gonna make less money. Can I provide a a counterargument?  

[00:52:25] Unknown:

You can. Of course. You know, like like, the mafia   did not want to get into   drugs.   They weren't interested.   From their viewpoint, well you're killing all of your consumers. Why do we need to involve ourselves   into drugs? We've got garbage running racket. We've got union racket. We've got the protection racket. We've got all these different revenue streams.   And they don't exactly kill the participants   in the revenue stream unless you come against the family. You know what I mean?   So that was the reason of not getting in into drugs. Like, drugs are bad. Okay. We can make really big money not dealing drugs. And then what happens? Well, then they start dealing drugs because the money is really fucking good. Mhmm. But now you have additional heat on you as the mafia,   and the feds come in to really crack down because now you're killing people. Now now that you're having teenagers OD,   and that can't happen.  

So they went hard against OD originals.   Yeah.   OD   ordinal.   Oh, man. This just got even better.   So now where's the power with with at least far as the Cosa Nostra, the Italian mafia. And they're just not as powerful as they were in in the fifties sixties. Not to my knowledge, Elise. Actually, you have no fucking idea. Let's okay. Just just follow along with the example here.   So maybe in in that sense, they just should have stuck with less profits   instead of selling the drugs   and killing the baby.  

[00:53:53] Unknown:

Their margins are much better than minors, though. Yeah.  

[00:53:57] Unknown:

That's for sure.  

[00:53:58] Unknown:

Yeah. But they have really, really good margins. Their markup is exceptional.  

[00:54:04] Unknown:

I know that was a lot of statistics,   everyone, and it was probably hard to follow along with me just spitting out a bunch of numbers. But if you got anything out of the past 40 minutes of show,   it's,  

[00:54:19] Unknown:

Unlikely.  

[00:54:23] Unknown:

If you got anything out of the past 40 minutes of the show, we hope that you are willing to boost it.   Stop what you're doing right now and   boost the show on your favorite podcasting   2.0   app. We really love reading your boosts. It's exciting that everyone has been woven into the fabric of the show, and   reading boosts brings you guys in, and it brings us closer to you. And and, it it moves the show, really. Sometimes it's an opportunity to bring up funny stories about being a sugar baby, and and now that's permanently imprinted on everybody's brain.   So look down at your phone and hit that boost button   and send us some boosts.  



[00:55:15] Unknown:

We super, really, very much appreciate it. Thank you very much. We do. It's been fucking cool to see the show. I mentioned it at the beginning, but I can't get over it. Number 1, number 2, and number 3 episodes   on fountain   in the world.   And world that why, why is pretty fucking amazing. And it really like, the other thing I've noticed is as we're there,   we're getting more and more listeners   finding us, which is amazing.   So yeah. Appreciate everyone. Who's been boosting.   It really is  

[00:55:48] Unknown:

massively helping the show. So thank you so much. Thank you very much. And you know, who gives me a boost is our good friend from Lincoin Mining, Boty mcbotface, who is here in studio with us today. Hello, my friend body. How are you? Boys, I have been killing myself trying to create innovations  

[00:56:06] Unknown:

for Lincoin's   madness.   Miners,   I am grinding   my bros.  

[00:56:12] Unknown:

Alright. We're we're grinding here too, body. Pumping out shows, art,   clothing, entertainment.  

[00:56:19] Unknown:

What else is going on? Hell, like, I haven't seen Mrs Boty and our robot children   in ages.   Burning the candle from both ends   even doing double duty at our sister company   LoD   But what I am most excited about   is that lightning payouts are here   and live.   So bust out your lightning nodes,   balance your channels, build your invoices,   and ride,   lightning.  

[00:56:52] Unknown:

Alright, buddy.   Thank you for informing us of the changes   at Lincoin Mining and the fact that they now have lightning payouts.  

[00:57:01] Unknown:

Much appreciated. I such a lightning shill either. I didn't absolutely loves it. I never intended to talk this much about  

[00:57:05] Unknown:

lightning on this show.   I'm not myself a lightning enjoyoor. Just because I I can't I can't be bothered. I don't know. Yeah. I I understand that.  

[00:57:20] Unknown:

I'm a bit concerned about Boty. Boty,   don't turn your back on your children, and certainly don't turn your back on your missus because her back.  

[00:57:29] Unknown:

We're not gonna get that again, my boy. So  

[00:57:32] Unknown:

there's more important things. We all love Link coin. It's incredibly important and,   obviously,   load as well, but look after those kids. You know, look after that ass.  

[00:57:44] Unknown:

Mhmm. The Volkswagen   Beetle ratchet strapped to her.  

[00:57:51] Unknown:

I've not heard that one before.  

[00:57:55] Unknown:

Love it.  

[00:57:57] Unknown:

It's always the most retarded shit that makes me laugh.   Her Volkswagen   Beetle ratchet strapped to her ass.   Mhmm.  

[00:58:08] Unknown:

I like them round.   Hey, Max. Bit-Buy-BittenSchtien.   Mhmm. You got some some new art on the website.   I I fancy it.  

[00:58:19] Unknown:

Well, it will be by the time this goes live.   Mr. Crown's still doing some clever shit, you know, the stuff that he does. But, yeah, I've got some more work on there. Sold a couple of paintings   couple of weeks ago, which will be arriving   in, I think, a day or 2. So   that buyer might wanna say something. They might not. I don't know. I'm not gonna dox them, but very excited to see some artwork selling  

[00:58:44] Unknown:

to the ungovernable misfits. It's pretty cool. We've been speaking a lot about it. And from my perspective, it's really good to see like this part of you come alive and your enthusiasm for it. It's like it's a whole part of you that I didn't really know over the past couple years. Yeah. Well, I haven't been creating for a couple years. Just been  

[00:59:03] Unknown:

nose down, like, Fiat grind family stuff,   doing the show, like, refining all of that kind of stuff. And it's just always been on the back burner, and it's always like, I get into bed, and I'm like, oh, I've got 10 more things to do. I'm always, like, thinking, oh, I'd love to just get in the studio.   Like, I miss that so much. Yeah. But So   I've put, as you know, a plan in place,   over the next 6 months to try and free myself of some of the other shit   and,   be able to continue   improving this show and continue to  

[00:59:37] Unknown:

create. So I'm working hard on it, mate. Love to see it. You know who else is working hard and creating and building? Tell me. Our friends at Bifrost Manufacturing.   That's right. Bifrost Manufacturing.   Bifrost recently   hired   a balls to the wall badass engineer that they poached from another company.   I shouldn't say that. I don't know if they poached.   They I I think, you know, like, Bifrost presented him with the facilities that they have and their vision and the things that they want to get into and sold him on the freedom of being a creator there and not just a cog in the machine. I think you can really They poached him. They poached him. Yeah.   But very much like your story, Max, you know, you're not the only one who yearns to create and yearns to be free of Cogsworth's   cogs or spacely sprockets.  

Potentially, all of us could get a really good job at an imaginarium like Bifrost Manufacturing.  

[01:00:48] Unknown:

Recent innovations This is their This is their,   space engineer. What do they call it?   Aerospace engineer. Yeah. That's such a cool I might just just be able yeah, I'm an aerospace engineer. It's just a cool thing. Isn't it? Space engineer is almost cool. Mhmm. You like actually engineer space. Only God did that. I think  

[01:01:07] Unknown:

He's the greatest engineer of all.  

[01:01:10] Unknown:

Let me get you started on that. Hey, new innovations at Bifrost  

[01:01:14] Unknown:

Manufacturing.   They have these flaps. They got these flaps.   You know about their flaps?   That's too much personal information.   They have these flaps that go on the end of your   miner.   If your system is in containment, listen to me. If you have read our containment article, you know all about containment   and what it is, and the fact that eat the hot and cold side of the machine is isolated   in the entire wall of machines.   So you want the air to push out of the machines only. Well, if you have a machine down, it's no longer pushing the air out, And you could potentially   suck things   in that machine Okay. If it's not blowing in on its own power. So what you wanna do if that machine is off is to close   to now contain that machine,   to act like it is part of the wall. Oh, that's okay. Invented a little flap that will automatically do that. Hey,   the air is no longer blowing this flap open. And don't worry, the flap is extremely light, so it's not causing any back pressure on the fans. That machine dies. Flap closes down with gravity. Boom. It's contained.  



[01:02:24] Unknown:

Simple, simple solutions. Nice. From Bifrost   Manufacturing.   How are they getting on with my 2 seater   aircraft?  

[01:02:33] Unknown:

It's it's, that's why they hired the aerospace engineer. Oh, good. Okay. I'm glad.  

[01:02:37] Unknown:

So I'm hearing flaps. I'm thinking, yeah. That's very good, very useful, especially for minors, which is what this show's about. And then the child in me is going, when am I getting my plane?   Can I fly?  

[01:02:50] Unknown:

If you have anything you've imagined in your Imaginarium,   but can't quite bring it to life,   please contact   bifrostmanufacturing.com.   Hey, Max. We have moved the mesh2dell   concept   over to the Plebminer   mafia   group, meaning that we had ourselves a little call the other day. And that call was with   Alejandro Delatorre of   Demand,   Demand Pool. We wanted some help setting up some solo mining operations. We say, Hey, we want to, decentralize the network and we want to be better miners in general. Pretty much   most everybody just points to a pool and that's rather simple. You just log into the machine, point to a particular address to the pool, and you're mining away, and they take care of everything else. But we have become removed from the actual operation of mining, creating our own block templates using our own nodes. So the demand team was nice enough to have a call with us and   walk through the setup of a node   so we can all solo mine and create our own Stratum v 2 block templates. Very nice. We just had the meeting last week.  

Nobody has set up their node yet   that I know of, but people are asking questions back and forth. I have not set up my node yet either, but it's   springtime, and everybody's planting gardens and doing kids' sports. And, It's springtime and everybody's planting gardens and doing kids sports.   Busy, busy, busy. It's on the list though. And I have a little mini computer sitting right next to me that I will be setting up soon. Very nice. So what's the plan then? Solo Mining Sundays,  

[01:04:32] Unknown:

you're gonna  

[01:04:34] Unknown:

turn a certain percentage of hash across, or what's the plan? Yeah. I I think on on Sundays, I'll I'll just throw a machine   on there. Mhmm. And we were really,   questioning what we would do. Will we all point to the same address but we all point to our own individual addresses. Of course, if we all point to the same address, then we say, oh, who's keeping track of what kind of hash rate is online? What if I throw an s 9 or a bit x on there? And somebody else throw 4 or 5 machines on there? Like, we don't have any way to keep keep score. There's no way of having, like, a little pleb minor  

[01:05:05] Unknown:

group where you all pool hash  

[01:05:08] Unknown:

somehow. There probably is. Somebody would have to build it for us. And listen, we just wanna get to the point where everybody's got their nodes set up, and they know how to do that part. Mhmm.   Let's just baby steps. Yeah. It's just It's cool. It's cool.   Listen. If if if I did it and I hit the block, I'd probably, like, throw a big party or something. Good, Jake. Can I come? Yeah. I'd fly you over. Really?   Mhmm.  

[01:05:33] Unknown:

Uh-oh. That's very sweet. Yeah.  

[01:05:35] Unknown:

You and Crown.   And now on to the next part of the show, Ungovernable Misfits. Action  

[01:05:41] Unknown:

News.   This is Ungovernable Misfits Action News, your trusted source for news in a Bitcoin mining scene.   Our whole pane of journalists are dedicated to uncovering the stories that matter most.   What's that in the sky?   Why it's all tear with minor news.   Turn up the bass   with Bassload.   Contributing maverick journalist Dick Greaser from the Bitcoin Bugle   and the ever present   BarnMiner.   And now, Ungovernable Misfits,   Action News!  

[01:06:18] Unknown:

Welcome to the segment of Action News that is actually action news.   On this segment of action news, we've got a wonderful Bitcoin bugle article,   an update from all tear, all tear, all tear. A talk about different people coming in to save the Bitcoin mining space, it's so nice of them to do that for us. An update from our friend Bitcoin   Bassload.   And everyone is all up in arms about all this minor centralization.   Maybe we're gonna chill people out. And last but not least,   our friends, samurai, are in a cage. So what does that mean for BIP 47?   What does that mean for Pay Nyms?  

We'll review all of those things   in Ungovernable Misfits.   Action news.   Action news. I'm saying retarded I could say that. Action news. This is retarded enough the first time, mate. It's good work. You didn't get any more or less retarded as I went along?  

[01:07:12] Unknown:

There's a drop off, isn't there? I guess, to a certain level is it's hard to do more.  

[01:07:19] Unknown:

Oh, well, let's get to a Bitcoin bugle article. This Bitcoin bugle article is brought to you by   PodConf.  

[01:07:27] Unknown:

This Bitcoin bugle article has been brought to you by your friends at PodConf.   PSA Misfits   is not PodConf approved.   We encourage you to tune into Podconf approved podcast like What the Bitcoins Do,   Why We Are Bullshit, and   The Swan Who's Happy Hour.   We at Podconf boast a growing list of Podconf approved trained journalists like Natalie Brunelles,   Stefan Labrera,   and Pete the Rizzler,   who are guaranteed to provide accurate peer reviewed and compliant   Bitcoin content   free of disinformation.   Continued listening to non PodConf approved pods like Ungovertable   Misfits   may cause the following side effects.  

Restlessness,   curiosity,   skepticism,   autonomy, sovereignty, defiance,   kinship,   competence,   proficiency, enlightenment, wisdom, self determination,   and overall,   nonconformity.   At PodConf,   we only want the best for you   and the children,   as we believe   they are the future.  

[01:08:40] Unknown:

Less   sight,   beautiful.  

[01:08:42] Unknown:

Yeah.   Thanks for the warning Podconf. Pete Rizzler, what a legend. Pete the Rizzler. Yeah. Everybody loves him.   Thank you, Podconf. And now a Bitcoin bugle article written by sir Richard Grieser. I don't know if you've heard this, but Dick Greaser has been knighted. Oh, really? Yeah. That's what I understand.   Well deserved. There with Paul McCartney Well deserved. And Elton John.   This article is entitled Mass Noncompliance   Erupts Following FBI   Public Service Announcement,   and it starts with a meme of old John Rambo on his motorcycle, and he says, wait until the people who just wanna comply   and be left alone get involved.  

I just wanna be left alone.   In a bizarre move, the FBI put out a PSA threatening Bitcoiners to comply by stopping to use Bitcoin. This has sparked protests through the Bitcoin industry from individuals and companies vowing to no longer follow local laws that they deem immoral and morally depraved. This is good. This is good. If you haven't seen the public service announcement   by the FBI, I'll read it to you. The FBI warns Americans against using cryptocurrency, which is a behavior that leads to noncompliance. The IRS has been having a lot of issues collecting taxes as a result of noncompliance individual using cryptocurrencies to evade taxes and seizures of property. The foundational principles of Bitcoin is noncompliance with financial authorities and law enforcement and therefore should be ceased immediately. There exist a grave and present threat to the foundations of the banking systems, which has the only legal monopoly to launder money for government entities. The FBI has recently conducted law enforcement operations against cryptocurrency providers to scare every entity operating using Bitcoin services. We at the FBI have reached a level of sophistication that despite what is true, we can produce evidence to ensure a legal ruling we want will be found in a criminal trial.   Fuck you. We are coming for you, and you should be terrified of us. We will target the services you use. Try to steal the funds you own and make you feel as small as possible.  

Defiance is futile.   Different industry leaders from what were priorly fully compliant Bitcoin only companies banded together to denounce the FBI. How brave. Stunning. Brave. Jack Mahler's went on to CNBC to address this by saying, prior to the FBI attacking the industry as a whole, as well as arresting software developers, strike had been the most compliant Bitcoin company in the world. We had more licenses to transmit money than even coinbase.   Why should we comply if it doesn't get us anywhere? We're disrupting the world, and Jamie Dimon doesn't like it. It would seem that Bitcoin businesses now have the choice to either comply and shut their doors or refuse to comply and continue to operate. In many ways, this is reminiscent of the 2020 lockdowns, which devastated so many small compliant businesses.   That's a good one. The FBI is now faced with either successfully destroying much of the Bitcoin economy in the United States   or a critical mass of organizations   defying them, threatening the fabric of government legitimacy in the eyes of Bitcoiners and the American public.  

This is a scary time in the United States, where many had thought that compliant meant safety.   This is leaving many puzzled after seeing many positive press releases, as well as breaking tweets,   reported positive legislation announcements by various   Bitcoin lobbyist groups. What this means for companies that complied   with intelligence agencies likely as a result of threats of violence to wash illicit funds for them, is unknown.   For businesses who offer services to the company, will they be allowed to continue operation? The Biden administration,   through the Department of Justice, has completely redefined compliance in the same way they have redefined the definitions of inflation   and recession.  

Fortunately, many organizations, such as the Human Rights Organization,   have responded loudly,   decrying the aggressive moves from government to threaten individuals rights.   Thank you so much NGOs   who look out for human rights and and sticking up for Bitcoiners who have been persecuted and their human rights violated. Wow. Stunning.   Brave.   As always,   par excellence   from Dick Greaser and the Bitcoin Bugle.   I can't speak for the level of compliance of our next sponsor. I would have to assume he's   as compliant as he absolutely   has to be, our friend, Altair.  

Max, are you familiar with a a website called Trustpilot?   You have this in   Trustpilot. UK? Yeah. Yeah. I think I've heard of it. It's one of these review websites   where people mainly go in there to complain   about the company that pissed them off or did them wrong.   You don't get you don't you know, you just like 90% of the reviews are 1 star. Yeah. And it's usually shit like the box came damaged.   The UPS guy dropped it. So now I'm giving you one star. Like, I'm not the fucking UPS guy. I just shipped the package.   But I ordered something from Altair couple weeks ago. I just ordered these little fan cable things that take the new square ends from the, some of the new Bitmain products are coming out with fans, where the ends aren't the flat ones that you slide in. The control boards are square. Altair has these little cables. So, anyway, it, like, automatically sent me a review. Please review Altair because he's he's official in that way. He's very business y and organized.  

And I wrote my own review. And, of course, it was scathing. And I told, told the world what a piece of shit he was and how terrible   all of his services are. Yeah. Hey, I gotta get it out there.   My my Karen was just on full display.   But apparently, there are a lot of really nice people that have written wonderful reviews who aren't Karens. And I just wanted to share a few of them   with the audience   to get a better understanding   of the   super high level of customer service that Altair Technology LLC provides.   This one is from Hodler.  

What a creative name he made for himself. That's wonderful. So creative.   Great team. I had some issues with a bit axe sheath I purchased. They patiently tried to address the problem, and then once it was parent, a replacement was needed, they promptly shipped it off. This all happened over 2 days. No bullshit. They fixed the problem. I'll buy from them again. Love it.   Next one is Avril was fantastic.   Solved a very difficult problem, and I cannot get on my s 21 web page. I only use Mac computers, and he got on my screen, even being a Windows guy, and figured out my new address. I would never have been able to do that. Mark for promotion. You have a great one working   Friday night. It was probably him.  

He ain't got much help. That's a one man show.   Maybe someday Altair Technology will be a big giant team of really dedicated folks.  

[01:15:41] Unknown:

It's pretty small. Maybe they won't be. Maybe it will just stay small, but take over the world anyway.  

[01:15:48] Unknown:

He's gonna build himself a bunch of bodies.  

[01:15:51] Unknown:

Lean. Efficient.  

[01:15:53] Unknown:

Mhmm. I like it. And the last one from Sean Austin or Sean Aston.   Turns out Samwise Gamgee is a big miner. Who knew? You must have listened to all of our Lord of the Rings talk on our last PMM episode.   He says, would buy from again. Made a large order that had to be filled in pieces. They handled communication every step of the way,   very professionally and detailed. Before I could ask, they had already provided the info I needed. Excellent company and personnel would definitely buy from again. This website is full of positive reviews for Altair. And this is a site that I have used in the past because I ordered an engine,   a crate engine, from this company. And the engine that they sent me was a giant fucking piece of shit that they had spray painted.  

Mhmm. So I was trying to ship this engine back to get another one. And, they had, like, spray painted it silver.   It it was legit awful. I wasn't putting that in a vehicle. And, so I went on this truck pilot. This was years ago. And just lambasted them. It was a really long one. But if you scroll through these reviews on here, they're great. You just don't really you don't get that kind of thing on these reviews. No. Because why do you wanna give a good review? Mhmm.  

[01:17:02] Unknown:

You only wanna do it when you're seething and I'm gonna fucking show these people. Yeah. If you would like to leave a bad review about this show, please head on over to your favorite podcasting app. And Karen us. We'd love to hear from you. So we encourage you to, visit all tire tech dot I o.  

[01:17:21] Unknown:

That's Altair Bitcoin Mining Solutions, AltairTech.   Io, and get yourself some gear if you are in the market for it. That's AltairTech.   Io.   And of course, AltairTech has got the dope on the bitcoin mining scene. Before every show, we we text him and we say, hey, give us the skinny, the lowdown, the scoop, the info we need to know. We need to know. Yeah. And he was, he obliged us. He wanted to remind us that Square is entering the Bitcoin mining ASIC space   to challenge Bitmain and Whatsminer.   They've owned the market on on ASIC Design and Square,   Block. I guess that's the same company, isn't it? I don't know business. It is. Yeah.  

So in the market now, and and with seal miner and Block announcing their own ASIC designs,   we're gonna see a lot more competition in that space. And hopefully, that competition means good stuff for the pleb Miner. We have been reporting on   the BLOCK'S mining development toolkit for quite a while. I think since their first press release, we've been reporting on it. Their most recent press release, they, spoke about 4 things,   the hash board,   the controller board, what firmware they're gonna use, and support. And as far as the hash board is concerned, it will have backward compatibility,   optimal power usage   enhanced reliability   I'd like to see what what they've done for enhanced reliability.  

Easy maintenance, improved performance,   efficient cooling. Their control board, it's gonna have a flexible configuration, multiple   input output options,   and potential smart home integration.   That's probably the most exciting thing. I didn't really review review this very much before we started recording the show. But for myself, now that I have it's not wintertime anymore, I have turned off a lot of machines because I don't need them for heat reuse. But the basement is getting a little bit damp, and I thought, why turn on my dehydrator? I could just turn on machines and have all these these fans that I had normally piped in upstairs.   I'm just gonna point them around the basement to circulate some warm air and burn off that humidity. Barn miner does the same thing in his barn there in Florida.  

Of course, it is quite humid, And he recirculates a little bit of air to burn off some of the humidity   when it starts to get bad.   So the potential of Blocks MDK having smart home integrations,   pretty neat. Very cool. Considering a lot of us have been rigging this stuff for years now, they're gonna come in and save the day with smart home integration.   And, of course, the NSA will be able to come in and turn off our miners.  

[01:19:55] Unknown:

So that's a great feature. That's the key, isn't it? That's what you really wanna see. You can be compliant without even having to get off your sofa. Yeah.  

[01:20:04] Unknown:

That's the best way. Yeah. Their firmware will be open source,   modifiable   performance parameters.   They'll prefer c or rust and a Linux OS   and support comprehensive documentation   and training for customization.   Oh, I'd like to see what the training course is gonna be. Kind of interesting. So thank you very much, Altair, for the update. And now, we have an update from another friend, Bitcoin. Boom, boom, boom, boom, base load.   What's up, y'all?   Soulmates Soulmates Soulmates.   What's up? Our good friend Bassload has been very, very busy on a personal project and he did not have time to write us an article, but he did leave a little note   for us and he says, Don't believe the hype. Don't don't don't believe the hype.  

Power plants are massive undertakings to build from the concept phase, design phase, to the actual operational phase of 1 generating electricity. It's crucial that folks understand that requesting megawatts and then actually receiving those same megawatts are 2 completely different things. It's a reason why rate classification exists. If you want more megawatts,   more electrons, then here's a new rate classification for you. To sum, a new energy gender identity.   To sum, it's just more of something you already want. In this case, electrons to flow. Not enough humans paid attention in physics class, including myself. Therefore, to me, there needs to be a resurgence for humans to understand the physics that exist on earth, not in web 5 or some other magic money land of opportunity,   and he had to use hard quotes there. So I should say, and that some other money magic land of opportunity,   quotes, redefining the laws of physics that make a human,   someone, then never truly be in its perfect form. I think he's talking about AI there. An ISO, independent system operator, currently has   175,000   megawatts of solar waiting to get the electrons flowing inside the grid's network. Remember, Grids don't own wires.  

Think about how much that looks like in reality.   175   1,000,000   watts, full blast. One problem. It's not full blast. The best full blast solar can get in multiple regions is 25% of that full blast. Wow. That's less than that 33 I was quoting earlier. Never in history of interconnection queues, this is the line the generator stands in for waiting for the rubber stamp from the ISO, did all of the megawatts that were standing in line get the same rubber stamp. By design, substations are overbuilt. In the same way, interconnection queues are oversubscribed.   Don't believe the hype. Ask hard questions, because these subjects are complicated. Be like a ninja,   and let freedom ring. Love y'all,  

[01:22:58] Unknown:

base. Love you too. Love you too, base. Oh, we both said it at the same time as well. It really makes it more genuine. Yeah. It makes it more genuine.  

[01:23:08] Unknown:

Max, everybody is super excited about miner centralization.   On another podcast, there was some blue haired guy screaming about miner centralization. Even people that I really like, you know, talking about miner centralization   and Stratum v 2. And, yeah, I so I I guess it's a problem. But who who are the big players that we are going against to   decentralize?   Those players   have a lot of skin in the game. Antpool,   Bitmain, Foundry, Whatsminer, Marathon, Luxor Brains, VIA BTC. All of these traditional mining organizations, I'm not gonna say traditional, but ones that we're used to and ones that we feel like are centralizing things, have a lot of skin in the game. So, what's their motivation for for attacking Bitcoin? My question is, what kind of skin in the game does Jack Dorsey have, for instance, who is coming in like some kind of hero that we didn't ask for? He comes in with $7,000,000 for once.  

[01:23:59] Unknown:

Yeah.   Yeah.   Well, I don't know. It's still kind   of slightly   worrying.   I just feel maybe it's slightly overblown, but it it is   slightly worrying.   But I get your point. It's like   they have the skin in the game. It kind of wouldn't make sense for them to do anything that would hurt them, but I don't know. I get it. Jack Dorsey seems like a nice guy, I guess. But I don't know. I remember the, the 2020 election. I remember Twitter  

[01:24:30] Unknown:

bending over for anything that the government asked it to do. I remember the Hunter Biden story, laptop story, being  

[01:24:37] Unknown:

completely suppressed. I remember people getting over and over again.  

[01:24:41] Unknown:

Yeah. Wasn't that long ago, people. Oh, don't yeah. But it wasn't his fault. There was nothing he could do. Okay.   Nothing.  

[01:24:49] Unknown:

Mm-mm. There's nothing he could've done, mate. No. His hands were tied.  

[01:24:53] Unknown:

Yeah. Is this his pen is it is this his penance now? This is his freedom penance.   Mhmm. Any cult of personality, you should all be skeptical of. Haven't you learned from 1,000 of years of history of cult of personality?   Don't look up to these people. He did just recently Except for Michael Saylor.  

[01:25:12] Unknown:

Yes. Of course.  

[01:25:14] Unknown:

Only look up to Michael Saylor. You know, the newest news as far as the time this recording goes is he donated $20,000,000   to OpenSats   to back Bitcoin and decentralized   tech,   which is is super. Thanks. Is that is that going to go   Supposedly, like, $15,000,000 to a general fund, $5,000,000   to Nostra Projects,   $1,000,000   for   I don't know what else. It's supposed to fight digital authoritarianism.   But then again, from this guy who was willingly participating in digital authoritarianism   just back in 2020. Mhmm.   Yes. That that's the guy.  



[01:25:49] Unknown:

That's the one. Yeah.  

[01:25:51] Unknown:

It's like this is investment   bro circle jerk.   Swan, Dorsey, Saylor, Mallers.   To me, they're all the same guy. I agree. Yeah.  

[01:26:02] Unknown:

Yeah. It's,  

[01:26:04] Unknown:

money talks, mate. Mhmm. When everybody says, you know, when Sailor does something they don't like, slay your heroes.   Don't have them as fucking heroes in the 1st place, dipshit.  

[01:26:14] Unknown:

Don't chant when they go on stage, you fucking retards.  

[01:26:17] Unknown:

Alright. Oh my god. Oh my god.  

[01:26:19] Unknown:

I can't believe you disappointed me. I'll say this for him. He is a very, very, very good salesman.   He is extremely good at saying what's necessary   to make people buy Bitcoin. Like if I wanted to choose someone as a salesman,   I'll go, he's fucking good at it. So I'll give him that. But, yeah, not very happy with a lot of the other stuff that comes out of his mouth or the things that he does or   my suspicion that maybe he might be a little bit Caspery.  

[01:26:48] Unknown:

Yeah. He's a good salesman.   Who hired him to be their salesman?  

[01:26:54] Unknown:

Mhmm.   The CIA.   Loads of conspiracies around that one. No doubt. It would make sense, though. If, like, if I was the government, I'd go,   it'd be really useful to, like, have quite a lot of influence over these retards   and make them do what I want them to do. Yeah. So   how am I gonna do that? Well, I'll say all the things that they like and then over exaggerate a lot of the things that they like to make them, like, wank at home over what I'm saying. And then I'll invest a load of money   through this person so that we're not, as the government, actually investing, but we do actually have a lot of   Bitcoin stacked away. And Mhmm. We don't have to look like we're stacking because the optics would be really bad if we were doing that. So,   yeah, I can kind of see it would make a lot of sense to do that. I'm not saying that's what is happening, but it is a conversation we've been having for the last few years. And I don't know. There's nothing that he's doing particularly to dissuade me   Mhmm. Yeah.  



[01:27:57] Unknown:

From thinking that. I'll put it that way. I concur 100% with everything you just said. Good. We talked a lot of statistics earlier in the show, but I had to mention this. This doesn't really have anything to do or maybe it does have to do with it. Everybody recommending   this part of the decentralized thing to solo mine, and I saw a fucking retarded tweet the other day that said, if you have 10 to 100 petahash, you should just straight up solo mine. I mean, go ahead and and and look at, you know, solochance.com   and and a 1 petahash, or 10 petahash. You're gonna be a year. You're definitely gonna find a block in a year. Yeah. Oh, okay. You sure about that? If you've got a 10 Petahash mine Definitely.  



[01:28:34] Unknown:

It's not probabilistic.   It's definite, alright? Definitely.  

[01:28:40] Unknown:

10 Petahash mine, and let's go with $70 a megawatt hour again,   would cost you a $153,000   a year   just on electricity.   And you still have the potential that you won't pop a block the entire year. It's fun, mate. And could go longer. Don't worry about it. Terrible,   terrible advice. Don't tell people that. Not, you know but here's the funny thing. Nobody with 10 petahash would fucking listen to this idiot anyhow.  

[01:29:04] Unknown:

10 petahash   is how much, like, how much would you have to spend to outlay not just on the electricity, but on the miners as well, roughly.  

[01:29:15] Unknown:

A lot. Oh, wait. I'm I'm not not gonna do it roughly. It would be a $180,000.   Okay. So it's not chump change. Yeah. In in that example, we were at $18,000   for machines. Mhmm. And there's also no containment   either. Yes. The   $230,000 they if you wanna contain them. Just throwing out numbers. No big deal. Whatevs.   Max, a lot of people have brought this up, and   even,   the on the Lincoin team, we were talking about it. Medi and Barnminer and and myself and   Medi schooling the 2 of us up on what's going on with the payout structure changing a little bit. And Medi had mentioned that that we should make the distinction on the show. He's given us show suggestions now. This guy's a professional podcaster   To make the distinction between Pay Nym's themselves   and the BIP 47 protocol itself. Okay. And I thought that would be good for you to cover. That's more in your Bitcoin monthly wheelhouse.  



[01:30:14] Unknown:

Yeah. Okay. I assume he's talking about this because people are maybe asking,   can they still use these payouts?   And the answer is yes.   So   literally yesterday,   I was using it. It worked absolutely fine.   Not only can you still use ones that you've created previously in samurai, but you can also use them in Sparrow. You can still create them. And,   actually, paynym.is   is still running. I'm not sure   how that's possible, but it is still running. So you can still use it like you would before with your little robot face. But even without that, you could still use bit 47, which is,   payment codes, whereas PayNyMS is sort of like samourai's   version of that. So no change. Like, you can still use this tool. It's really useful.  

You can set one up on Sparrow. You could do that now, and it would work. Someone made the comment that, oh, now that samurai has been arrested,  

[01:31:15] Unknown:

you should use   these filtering block templates now, because we don't have to worry about   opportune and bit 47.  

[01:31:23] Unknown:

And I thought that was one of the all missed fucking tweets that I saw. That is incredibly dumb. Yeah. You still shouldn't be,   filtering transactions. So what you could do if you wanted to   try out,   Pay NyMS, if you wanted to give it a go and you haven't before, if you're using Sparrow   either with a new test wallet or whatever wallet you're currently using, you could open up that wallet and then   go to I think it's   tools   and then show pay them. It is. I'm just doing it now. So tools and then show pay them, and then it will have a little pop up, and it will show a payment code. And these payment codes will start with like PM 8. So that would be your payment code. And then the paynym is just like   a more simple representation   of that long code is cause it's, it looks a bit like a BC one, blah, blah, blah, blah, blah, like a long address. So you're not really gonna like post that places probably because you know, it's much slicker to have whatever your pain name is. So what's yours again, John?  



[01:32:32] Unknown:

Weathered thunder 791.  

[01:32:34] Unknown:

Weathered thunder 791, and then mine is plus max by bit. So you can you can have a a easier representation   there, and you can have, like, a little picture of   a very retarded looking little robot,   and people can then recognize you from that. So that's just a a visual representation   of your payment code. And then you can   also have that displayed as a QR code. And so this is particularly useful if you're using,   if you're having payouts from Link coin rather than having to continuously   post a new address,   and remember to do that so that you're not reusing your address and damaging your privacy. Or if you're accepting donations,   you can do that. Or if you're just sending payments between you and a friend constantly, you can use this instead. It's much slicker. So I could do it with John. We make a connection   with our 2 Pay Nyms. And then anytime   that I want to send John some SATs or he wants to send me some SATs, we can just automatically   send those to a new address every time, and it's private,   and it's secure,   and it's fucking brilliant. I don't have to, like, write to him and then him post me one on signal and then worry that then now that's doxed and blah blah blah. It's just, like, use my payment, and no one else can know what they are. It's it's a really   underused and and brilliant  

[01:34:00] Unknown:

tool. It's fucking excellent. It's my go it's the first thing when I need to transact with somebody or do things. That's all I'm gonna say. This day and age, jeez, that's all I'm gonna say.  

[01:34:08] Unknown:

Do you think? Yeah. Do I gotta do things. Go do some stuff and things.  

[01:34:12] Unknown:

Yeah. And when I say when we start doing stuff and things, I ask them, do you have a pain in?  

[01:34:17] Unknown:

Mhmm. So much easier. Yeah. And so a lot of people then would go, oh, no. I don't do that. I don't have samurai. No. It's difficult. It's not difficult. No. Go on Sparrow.   Go to tools. It's on the top bar. Go to I've gotta do it again now. Tools. Fucking laptop's not working now. Of course, you're not, you cunt. K. Anyway, I'm I'm pretty sure it's tools view pay them. Why is it not working? What is going on in life here?  

[01:34:43] Unknown:

It is tools   show pay nym.  

[01:34:46] Unknown:

Tools show pay nym. Yeah. And that'll be a pay nym. And, and then you can claim Bitcoin monthly  

[01:34:52] Unknown:

things.  

[01:34:53] Unknown:

I love it.   Yeah. My, my spout is spouting out. It's a shitty old laptop I'm using. But anyway, you can do that. Claim your pain then. For now, you'll get a little robot   and,   you're paying them. It still seems to be working. Paynym.Is.   My understanding,   q and a will probably slap me if, if I mess this up. But my understanding is if that was to go down, you then can still use your payment code, but you wouldn't have the little robot. That's Mhmm. As far as I understand it. So it'd still work. It'd be fine. And you could still have the QR code. So test it out, and then if anyone has any questions about it, they can let us know. And if you're a lightning disrespector   and you'd like to send to either mine or John's painting instead, you can give that a go too. Even though,   our friends are in a cage   and all the fucking crazy shit is going on, they have still built   things in a way that our still work, and I can still use my samurai wallet just fine and receive these boosts. So thank you to them. Free samurai. Fuck yeah.  

I received  

[01:36:00] Unknown:

a   Paynym   boost   from an Ungovernable Misfit the other day.   Oh. Yeah. That was my first one. Nice. There's there's a backstory here to it that he doesn't want told. Okay. So I won't tell it. Okay. But I can use this platform   to tell him, thank you. Thank you very much. It means   so much, and those sats will go towards editing this very show.  

[01:36:26] Unknown:

Can confirm. And I have also received a couple of pain in boosts   and to those people.   Thank you very much.   I appreciate it. And it is still my favorite, my favorite way to get a boost. Although   I like the messages on lightning.   So Especially the sexy ones. The sexy ones. Oh, we've had a couple of really sexy ones. You know, I don't know what's going on. Do you think it's like the mash up of the English with the American   and, like,   it just does something to these women. They're suddenly, like, flocking to listen to it. I don't I don't understand. And it it's the opposite. Like, to an American woman, you sound so dashing and debonair.   Really? And to yeah. To a British woman, I I sound so tough and rugged. Mhmm. They've said that. I've spoken to a few British women, and they're like, oh, this John guy. Oh my god. He's so sexy. I don't understand anything he says or care about with it. And a lot of it's incredibly dull, and he goes into such boring detail with statistics.  

But   the way that he says it oh my lord.   So   Wow. Just don't come over here.  

[01:37:37] Unknown:

Yeah. No. I don't want him to see me. No. You'd have such trouble getting anything done.   Beat them off with baseball bats. Beat them off? Beat them off with cricket bats.   But I wouldn't have availability of baseball bats over there. Sarah will be over here smacking bitches up. Oh, you man. I have to tell you a quick story one time if you know we're 2 hours into recording.   One time I was I was doing karaoke, and I think I was singing mister Bright Side by The Killers. I used to sing that one all the time. Nailing it out a bunch of that. Oh, yeah, totally. And this, this girl comes up. I think we were on vacation. And she starts dancing. Hi, mister Bryce. You know, and she's really into it. And Sarah comes up with, like,   charges right in front of her. Bitch, that's my man. Get the fuck out of his face. Be singing with him doing karaoke.  

She got right? She got ghetto real quick. Oh,   what happened with the girl? She just scurried off. Oh, I see her scurried off. Oh, yeah. Yeah.  

[01:38:34] Unknown:

Theron would fuck a bitch up. Yeah. It's the opposite here. Mine's just always trying to palm me off. I'll just   Jesus Christ. Just fucking take him for the night.   Can't take this anymore. I don't have to listen to one more boring story.   Jesus.   Yes. I was there when the dog shit all over the place, Max. Yeah. The problem is there's no takers here because in in the UK, I'm just from the UK, no one cares. Things might be different in America. Clearly, they are because of the groupies. But yeah. Can't get rid of me quick enough. Hash slut.   Oh,   Hashslutette.  



[01:39:10] Unknown:

No. Hashslutette. Right. I know there was a bunch of fees in there.  

[01:39:13] Unknown:

Oh, god. A picture. Poof. That picture. Yeah. I don't know if she's doing it. It probably is some chubby, chubby little bloke living in his parents' basement, but still.  

[01:39:24] Unknown:

Yeah. Something like that. Mhmm.   And this had been Anyway.   Ungovernable misfits action news.   Before we move on to the closing   of Ungovernable Misfits' action news, I'd like to take a little bit of time to remind you of the Lake Satoshi bit Bitcoin Beach Retreat.   It's just about summertime, people. I hope you have not made all of your vacation plans   this summer, because the weekend of August 10th,   you need to bring your asses   to Langsburg, Michigan   to the Lake Satoshi Bitcoin   Beach retreat.  

[01:40:09] Unknown:

Can people bring the rest of themselves or just their asses?   You're a hoot. I know. I'm hilarious.  

[01:40:17] Unknown:

Tickets are Such good value. Dollars. Yeah. You are good value or the tickets? Both.   Tickets are $21.   You can go to lakesatoshi.com   to make all of your arrangements to figure out how do I get to Langsburg, Michigan? What am I going to do when I get into   the beach? When you when you pull into this really long driveway, you're going to see a large industrial   excavating company. That's how the the lake was created.   They needed to keep digging and digging and digging, and they're like, hell, this looks pretty nice with all this water filling up in here. Let's make a beautiful lake and campground   and Bitcoin   mega center out of this place   and they did you'll maybe check-in there at this industrial building once you've checked in with everybody   you'll drive into the back, pick out a beautiful scenic spot. You can go,   near the the beachfront   and camp out there if you're you're into,   hanging out with everybody till late in the night around the campfire, singing songs, drinking some of Karl's   delicious cider,   or you can pull even further and get a little bit of peace and quiet and nature.  

Sounds delightful, mate. It does. Last year, I rented an RV, and, you know, I've told stories about that. The Kaboom Racks team also rented an RV, so we had ours parked next to each other. Some people just drove their Subaru Outbacks off into the distance and and, slept in the back of that. Some people pitch tents. Our buddy,   DK, had himself a school bus there. So bring what you want. It's pretty wide open and chill and calm. This isn't like go to a conference and watch people speak. You can do that. There were panels last year.   Carl and I were on a mining panel. Another member of the mesh Jadel, she gave a presentation   about Bitcoin   psychology, which was was very interesting.  

So there there are a number of presentations there. People selling their wares.   A bunch of people had stuff set up. We gave away a miner, and I had mister Crown's art displayed there and a bunch of Ungovernable Misfits stickers and Pleb Miner stickers.   Other people sold handcrafted goods that they had made, 3 d printed goods.   We got some glassware. Uncle Chet bought Sarah a a vase that she fancied. And he said, I'll get that for you. He's so sweet. He is. Spent time on a boat. People got jet skis out there. It it is   chill. It's literally a place to go hang out with Bitcoiners, just like exactly what you want to do.  

Mhmm. You know, everybody says, oh, you know, I I wanna go to these Bitcoin events, but I don't wanna go inside. I just wanna hang out with people. Okay. Well, here's a whole event that is people just hanging out with one another. With jet   skis. With jet skis. Yeah. I loved it last year.   Really looking forward to it this year. Please come. Please consider coming. Go to lakesatoshi.com   right now and check it out and see if you can fit that into your schedule. You don't have to go the entire weekend. You can just show up on Saturday. You don't even have to spend the night. Show up on Saturday, leave, get a hotel room if you don't wanna get all dirty and sweaty.   Not a big deal. Hang out with people. Get out of get out of your mom's basement.  



[01:43:18] Unknown:

I think that was my most passionate ad read for the whole show. Because really yeah. No. I really like that. I really I wanna go now. I literally can't go, but I'm still booking tickets.  

[01:43:28] Unknown:

They're just such good value. Why can't you go? What's wrong with you? Yeah. You know why I can't go. Yeah. I know. I know all your problems. Yeah. Alright. There's so much division   in the Bitcoin community. It is so easy to set people off   and have them leave a group. Oh, yeah.   Have them freak out, have them turn against each other. Oh, yeah. You know, you know, you know what I always liked about miners?   Miners are pretty chill group. They're mainly just concerned about electricity and mining and numbers and statistics and stuff like that. It's always the hodlers and stackers, and those are the ones you can get all riled up. But even in the past few months, you've gotten a lot of the miners riled up,   you know, about block templates   and translation.  



[01:44:09] Unknown:

Just generally.  

[01:44:10] Unknown:

Just just just generally. You have done this. Have, aren't it? Yes. You're sowing division.   I thought in a time where the having has come,   that a good theme for this episode would have been division.   Beginning, we played a song called divide and conquer. Mhmm. And I've got a little message for everyone on how to resist being   divided and conquered.   We, if one can say we, in the instance, we Ungovernable Misfits have a rather loose spiritual and ideological bond.   We associate with one another   around such themes as autonomy,   self reliance,   healthy skepticism of authority,   and a robust skepticism   of authoritative narratives.  

As is often the case, our greatest strength is our greatest weakness. Insidious forces use these common traits to divide and conquer.   These external agents of division seek to dilute our resolve, and misdirect our focus through cunningly   instigated strife amongst the Bitcoin and freedom aligned.   They wish to see us fractured.   They wish to see us weak.   We are sovereigns, each seeking to lead ourselves, our tribes, our families, and our communities to a better place,   each small node of resolve and independence,   and our meshtadels are bound by a common ethos.  

It is this alignment that terrifies the globalist elite,   those who would enslave us. They employ the age old tactic of divide and conquer, thinking us susceptible to the petty squabbles they stir from above.   Beware the pot stirrers, the trolls, the contrarians,   who are doing so merely for the sake of antagonizing their so called peers.   The slightest ripple in the pond seems to cause mass hysteria,   question intentions, and character with ease.   The sowers of discord cast dispersions on their targets, or as Saul Alinsky stated in Rules for Radicals,   freeze your opponent,   a concept that involves marginalizing or ostracizing individuals or groups who oppose the agenda by portraying them as   extreme,   or unacceptable.  

Let us not fall prey to the discord sown by these malevolent forces.   Let's see them for what they are.   They are the fleas and lice of this world, vermin, pests,   parasites.   We scratch their insignificant bites, pick at them, scrape the open sores, and watch them fester.   Shed these gnats.   Ignore them. Strengthen your resolve.   The fight has just begun.   Don't let the gnawing of the rats in the trenches distract you from the death being reigned upon you from above.   We call to you, our fellow ungovernable misfits, to recognize these divisive tactics for what they are:   the calculated maneuvers of those who fear individual sovereignty.  

Like parasites, they feed off discord and weakness.   They seek to extinguish the light within you all.   Keep that fire within your souls burning.   Guard your autonomy,   fortifying your resolve against their schemes.   Our unwavering commitment to individual freedom is our shield.   Hold steadfast against their attempts   to divide and conquer.