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! Get the software that Bitcoin deserves, and wear the clothing that privacy activists deserve. The Samourai Privacy Defenders T-Shirt from Ungovernable Misfits.
EPISODE SUMMARY
Intro Music: The HU - Wolf Totem
Random Track: Bad News 12 - Warriors of Genghis Khan
Lake Satoshi Intro: Bob Seger - Hollywood Nights
Outro: Frank Carter & The Rattlesnakes - Neon Rust
This episode of the Ungovernable Misfits podcast covers a range of topics related to Bitcoin mining, including a discussion around a dispute between Medi Nasseri and a PPLNS mining pool, an article by Alex @ Kaboomracks on the upcoming capacity shortage, a Bitcoin Bugle article from Rod Palmer about mining pools offering "ladies night" promotions, an update from Altair on new mining hardware, and Jon's reflections on the recent Lake Satoshi event. The hosts also cover mining statistics, discuss the Stratum.work website, and read through a number of listener boosts.
Shoutout to the Ungovernable Misfits Crew in all its forms and affiliations. To the Sovereign Bitcoiners, Noderunners, Michigan Bitcoiners, Pleb Miner Mafia, Meshtadel, and all other loosely affiliated freedom loving Ungovernable Misfits.
Call truth the power and foster and build strength amongst your community to empower truth over power.
DON'T FORGET TO SOLO MINE WITH US ON SUNDAYS
Jon and Urban Hacker have developed a guide for true solo mining with the help of DMND.work. Urban Hacker has two guides on how to get started in his web page, the easy mode and the hackers way. If you have any trouble getting your node setup and mining, let us know, we want every miner to at least have the capability and ability to truly solomine and create their own block template, whether it makes financial sense for you or not, you should still have the knowledge and hardware to accomplish this task.
ACTION NEWS!!! HAS ACTION PACKED SPONSORS
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 & http://paynym.is/+weatheredthunder791 (Jon)
- BUY SOME CLOTHING @ https://ungovernablemisfits.com/store/
OR
- MONERO
83H2AcSXfJv69K7SqPkBAcTVsEXXB84ppXviMmhHydyoXJxEyfavH3qRg3X6GufTRfYW4LF233w8bPbbDfqYeJdLC8vBv1D
NEVER FORGET ABOUT OUR FRIENDS SAMOURAI WALLET AND TDEV
See you next time! F@%CKERS!!
Gear Up!! Ungovernable Misfits style! Get the software that Bitcoin deserves, and wear the clothing that privacy activists deserve. The Samourai Privacy Defenders T-Shirt from Ungovernable Misfits.
EPISODE SUMMARY
Intro Music: The HU - Wolf Totem
Random Track: Bad News 12 - Warriors of Genghis Khan
Lake Satoshi Intro: Bob Seger - Hollywood Nights
Outro: Frank Carter & The Rattlesnakes - Neon Rust
This episode of the Ungovernable Misfits podcast covers a range of topics related to Bitcoin mining, including a discussion around a dispute between Medi Nasseri and a PPLNS mining pool, an article by Alex @ Kaboomracks on the upcoming capacity shortage, a Bitcoin Bugle article from Rod Palmer about mining pools offering "ladies night" promotions, an update from Altair on new mining hardware, and Jon's reflections on the recent Lake Satoshi event. The hosts also cover mining statistics, discuss the Stratum.work website, and read through a number of listener boosts.
Shoutout to the Ungovernable Misfits Crew in all its forms and affiliations. To the Sovereign Bitcoiners, Noderunners, Michigan Bitcoiners, Pleb Miner Mafia, Meshtadel, and all other loosely affiliated freedom loving Ungovernable Misfits.
Call truth the power and foster and build strength amongst your community to empower truth over power.
DON'T FORGET TO SOLO MINE WITH US ON SUNDAYS
Jon and Urban Hacker have developed a guide for true solo mining with the help of DMND.work. Urban Hacker has two guides on how to get started in his web page, the easy mode and the hackers way. If you have any trouble getting your node setup and mining, let us know, we want every miner to at least have the capability and ability to truly solomine and create their own block template, whether it makes financial sense for you or not, you should still have the knowledge and hardware to accomplish this task.
ACTION NEWS!!! HAS ACTION PACKED SPONSORS
- Lincoin Mining brings you Statistics
- Bifrost Manufacturing
- Altair Bitcoin Mining Solutions use promo code: UNGOVERNABLE
- Lake Satoshi Bitcoin Beach Retreat
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 & http://paynym.is/+weatheredthunder791 (Jon)
- BUY SOME CLOTHING @ https://ungovernablemisfits.com/store/
OR
- MONERO
83H2AcSXfJv69K7SqPkBAcTVsEXXB84ppXviMmhHydyoXJxEyfavH3qRg3X6GufTRfYW4LF233w8bPbbDfqYeJdLC8vBv1D
NEVER FORGET ABOUT OUR FRIENDS SAMOURAI WALLET AND TDEV
- Visit https://freesamourai.com
- Consider donating to the Samourai defense fund at P2PRights.org
See you next time! F@%CKERS!!
(00:09:33) 🚨 Podcasting 2.0 PSA 🚨
(00:11:31) BOOSTS ⚡️
(01:21:07) BIFROST MANUFACTURING @ Comic Con
(01:25:27) 🛑 STOP, DROP AND BOOST 🛑
(01:26:53) ACTION NEWS!!!
(01:27:51) Taking Advantage of the Coming Capacity Shortage
(01:33:21) Mining Pools Announce Ladies Night To Attract More Women To Bitcoin
(01:35:54) ALTAIR TECH: No Go For Bitdeer
(01:45:08) Solo Mining Sundays
(01:45:53) Hollywood Nights @ LAKE SATOSHI
(01:54:27) We Don't Belong In A Wasteland
(01:57:09) OUTRO: Neon Rust
[00:00:00]
Unknown:
Max, we got a very Mongolian episode today for everybody. Oh, really? Yeah. It started out like this. I'm a big fan of Mongolian throat singing.
[00:00:13] Unknown:
Hey, listen. You'd know that about one. You love throating Mongolians.
[00:00:21] Unknown:
The whole tribe, whole golden horde. Welcome to Uncomfortable Misfits action news episode 7. Oh, it's gonna be a horde of horseback raiders riding through the Mongolian Steppes.
[00:00:35] Unknown:
Intimidating.
[00:00:37] Unknown:
We'll probably just talk about mining a little bit. I'd imagine so. It doesn't have to be dramatic. Bit of the hacker. Oh, what is that? You ever watch rugby? Oh, no. Oh, no. That's gay in English. Oh, we've got the greatest sports in the world here. Why would we bother with rugby and crickets?
[00:00:52] Unknown:
Okay. Have you never seen the All Blacks do that, like, dance? That's that's racist,
[00:00:59] Unknown:
first of all.
[00:01:01] Unknown:
Let me send it to you. All Blacks. Okay. Hacker.
[00:01:08] Unknown:
You fucking retards. Now is is this like the the, the Maori? I have seen that actually with the tongue out. Now we're gonna have to. It's a great way to start the show. Really banging.
[00:01:21] Unknown:
Oh, let me look for something typing
[00:01:25] Unknown:
from Max.
[00:01:27] Unknown:
Alright. Let's stop the show, everybody. Sorry. Do you know what I just did? I don't know. What did you just do? I just turned my volume down because all I could hear was the, the rugby noises going on. So I turned it down, and I realized I turned everything down. So that's why
[00:01:43] Unknown:
Yes. I'm familiar with this. They're they're very intimidating. Know that thing? I know that thing. Yeah. It's quite intimidating. That's what it reminds me of when you were just playing that Mongolian music. I mean, think we need to get some of that back. Some of what? That fire, that passion, that, like, Maori, that The heck of that. Yeah. We need some of that. They look like, we're gonna fuck you up today. Mhmm. We're gonna kill you. Yeah. They're like £350 blokes, and you're like, yeah. Okay. Well, you This is a probably are gonna kill me. Yeah. That intro music was The Who, wolf totem. I think everyone should add it to their workout playlist.
[00:02:18] Unknown:
I actually have added it to my workout playlist.
[00:02:21] Unknown:
Wise man. And you're lifting more aggressively and more heavy and more intense, and therefore, your muscles are bulging, and you're full of testosterone and vigor. Yes. And you're ready to do the show. All of those things. All of the above. Let's give a little review what the listeners are gonna listen to on this show. We're gonna do some quick review on what a primary pool is. It's important to know in all of this talk about decentralization, well, let's look to see who the primary pools are. That might be a good idea. METI challenges, PPLNS tides payout pool on their assumptions on what their users are getting.
So I'd like to review how Medi came to that information and a little bit of the interaction between the parties involved on Twitter. Always beefing, isn't he? There's a he's oh, yeah. He's he's a big beeper. He says, like, 10 things on Twitter a week, and 99% of his posts are about ERCOT and energy markets. But every once in a while, he he likes to get his hands dirty with spreadsheets and data, the nerd.
[00:03:26] Unknown:
I heard that he does the hacker before he has his spreadsheets ready to get himself into the mood. He does the hacker, and then he's like, I will get these spreadsheets.
[00:03:35] Unknown:
Okay. I am ready. Let's do the spreadsheet. The fridge. Oh. There's a a website. I don't know if there's a website. A a GitHub, stratum dot work, that enables you to visually see the block templates and block template creation. Gives you a really neat perspective on who is sharing block templates. It's also quite pretty. It is quite pretty. Yeah. Usually, if you're one of those nerdy types, you could stare at it all day. Mhmm. We have an article from Alex on taking advantage of the coming capacity shortage or so he says.
I love Alex's perspective not only because of where he works and the fact that he he moves a lot of mining gear. He's a chatty Cathy, and he talks to a lot of people. I could see how his brain work. He's always, like, pulling information in from wherever he can. Sharp cookie. But we posted up an article on ungovernable misfits, and we're going to review that. I actually read it. Wow.
[00:04:32] Unknown:
That's, a new level of show prep. This is the new Max. I'm gonna expect a lot more of this kind of stuff from you. When I say read it, I got my computer to read it to me, but that's the same thing. Isn't it? For you, dyslexics. I think that's what you have to do. And you know what I liked about it? We'll review it properly, but I liked the honesty. It was very honest. Mhmm. Don't trust anyone,
[00:04:54] Unknown:
not even me. And I was like, good advice. There was a nice lack of hopium in there. Mhmm. Don't need any of that shit. Of course, as always, we are going to read a Bitcoin bugle article. Perhaps mining is going to incentivize the ladies to get involved. Altair is gonna come and update us on his view of the mining world. He's always got his hands in all kinds of stuff too. Whereas I I think, like, Alex will talk to people and get information and gossip. Mhmm. And Altair has got his hands in creating things and rebuilding stuff, and he Mhmm. He loves to connect with the tinkerers. So that's an interesting perspective he will bring to the show. And the biggest thing to happen to me in the past couple weeks was actually attending the Lake Satoshi event that we talk about all year. So I will share my some of my experiences there. We'll delve into it. What did I just say that AI always likes to say the word? Salts. Get into the wound. Get delve.
Do you feel I'm rubbing salt in into your your Lake Lake Satoshi wound, the gaping hole in your heart? Let's not talk about gaping on the show, but, yeah, it hurts. I was pretty down when I saw everyone having such a good time. I was like, fuck. I wish I was there. Yeah. You're supposed to live vicariously through us. I suppose so. We'll go in deeper on the next PMM episode as to what that means for community and my feelings about it, and I think we'll share some of SolEx's feelings and him recounting his experiences and spending time with Carl and, like, Satoshi because he's got an article lined up for us. But we'll focus it from the mining perspective. We had an Urlacher build there at Lake Satoshi, and people seem very interested in it. So we'll talk about that. But first things first, fire emoji,
[00:06:49] Unknown:
Sweating face. That's my favorite. Sweating face. Yeah. Fire emoji. Sweating face. Laughing face.
[00:06:58] Unknown:
Laughing crying face. For those who don't know, I I have realized in interacting with people outside of Telegram and Twitter talking about this show that sometimes we're way too inside baseball with, our personal connections with people. So if you're new to the show and you don't know who soulex is, go to the Ungovitable Misfits website and search PMM episodes, PMM episode 1. We explain who SolEx is. He's the father of the. He and his son did a wonderful recording explaining their concept of the mesh to del, and that has grown into something much, much bigger.
So if you need a little bit of history on the cast of characters, we should probably do some kind of breakdown on the website as to who all these characters are that we're talking about all the time. Solex is, in short, the father of the mesh del. Maybe we could do, like, what Or the mother. Has done. The mother. Oh, yeah. What came first, the chicken or the egg? I don't know. Souleks giving birth would be pretty funny. Were you gonna say something? Seemed like you were ramping it ramping up for something. I know.
[00:08:05] Unknown:
I was only gonna say maybe we could do something nice like Stratton dot work has done and have, like, a little color chart, like a trading cards type of thing. What was the cards called? BTC trading card? No. Top Trumps. Remember that game? No. You might be too old. Probably. You'd have different types of top trump cards. I always had ones with cars, and it would have the stats. So it'd be like a specific car, and then it would say, like, horsepower, naught to 60 off road capabilities. It'd have, like, different sections. You would split the pack. You might hold, like, particularly fast car that's, like, got a good naught to 60. And then you'd be hoping that the other person had something that maybe had more horsepower, but wasn't as fast. And then you would say whatever stat you think is best. And if yours is better than theirs, you take their card.
Whoever has all the cards at the end, you win. So you could have, like, mesh to Dell top trumps in a nice little spreadsheet. And so, like, SolEx would be like amount of love. 100. Yes. Very much so. Because no one has more love in their hearts than that man. You know? You could just have little things like that so people could see the stats of the people in the mestradel. This is a great idea and great for OPSEC too. Mustache skills, You'd have a 100.
[00:09:21] Unknown:
100, sir. Thank you. Incredible mustache. Yeah. I appreciate that. It was a big hit. It takes a lot of time to grow a mustache like this. It looks like it. Thank you for noticing. I feel noticed. Moving on in the show, we have our boost section once again to review things for new listeners, and I I think there should be a good bit of new listeners in spending time at Lake Satoshi and explaining what the Ungovernable Misfits ecosystem is. Lots of people are interested. So if this is the first time listening, perhaps you're listening on a podcasting 2.0 application.
Why podcasting 2.0? Why is that important to us? So a little bit of explainer, maybe you you'll you'll get it. Podcasting 2.0 is like a modern and enhanced podcasting ecosystem. So, historically, your podcasting apps relied on Itunes, podcast index, RSS feeds. However, you could get removed or suppressed from those RSS feeds if certain shows said the wrong thing. Podcasting 2.0 is is a new ecosystem, and it offers public replicable index that can be shared among listeners and app developers. Podcast 2.0 goes beyond indexing. It introduces an expanded namespace with a host of innovative features, including chapters for easy navigation. So if you're on fountain right now, you can hit the chapters button. I think it looks like a little, you know, little quote circle with lines in it, and skip forward to certain chapters and chapter headings. You can integrate transcripts for accessibilities, which I love this feature as far as podcasting 2.0 goes because I will say, you know, some sort of not a spat on Twitter or or Telegram or something like that, but somebody has a question.
And I think to myself, I know Max and I have spoken about that. I can now go through our transcripts and find exactly where we said that and make a clip. Podcast trailers for quick previews, personalized podcast recommendations, live streaming capabilities, shareable clips for social media. I like to use that feature a lot. And the value for value payment system to support creators. So that's what boosts are. We like the back and forth interaction that we get with boosts, and we like to read them on the show like we are going to do right now. This episode in particular got 318,000
[00:11:44] Unknown:
sets boosted, and that episode was action news episode 6. Yeah? We almost need, like, a separate show just for our boosts, Like the one we've just done. Mhmm. I was like reading through that. It took me in a half the evening just to read through our boosts.
[00:11:57] Unknown:
Yeah. It's almost not a bad idea. Just like a separate boost show. Mhmm. Separate boost show where we on this show, we read maybe the top, you know, monetary boosts, and then have a separate show. I don't I don't know. I'd Yeah. Because that's what I've been doing on the
[00:12:12] Unknown:
I always forget the name of literally my own shows. The confab or Bitcoin monthly? The con the confab. Do I do top 10? I think I did top 10. Otherwise, it's, like, takes especially when it's in an ad read, it's slightly different when we do it because we do it within the show. But when I'm doing it in an ad read at the beginning of a show, I don't want it to be, like, a 10, 15 minute section. People are like, fucking hell. We still not got to the actual show. Yeah. So that's what I've been doing there. They they've become accustomed to it with our shows. Mhmm. I like having it in the show because we can talk a little bit about it, but we are getting to the stage now where we've got so many people commenting. And it's always interesting stuff. So it's not like it's just like, hey. Thanks for the show or something like that. It's always like things we wanna comment and talk about. So it ends up taking, I don't know, probably what, a third of the show, something like that. Sometimes. Yeah. But, anyway, we love you. We appreciate it. We certainly do.
[00:13:08] Unknown:
You're up first, sir.
[00:13:11] Unknown:
Pies. 100,000 sats. Hot dog, man. Big dog. Bonus boost to make use to podcast. My most boosted on fountain warriors was my favorite movie as a kid. I'm an ungovernable warrior motherfucker. Yeah.
[00:13:32] Unknown:
What a warrior. A 100,000 sat boost. Thank you very much, mate. We appreciate that. And we know Pye as well, and and he works hard for his money. He doesn't have some office job where he's some little bitch sitting there jumping through a hoop Yeah. Pushing up the trust fund. Rent seeking. Yeah. Not him. He works for for every sat
[00:13:50] Unknown:
and for him to share those amount of sats that that's blood and sweat right there. Saying that if you are a little trust fund bitch and you do wanna send us sats, we don't discriminate. You can send them across. And although we internally won't appreciate it as much or really care as much, we will pretend we will take your sats with glee. So don't be put off, little trust fund bitches.
[00:14:14] Unknown:
Back to an actual proof of work working, man. We've got a lot more Pies boosts. Hey. It's Pies the donkey. Thank you very much, Pies, for all of your boosts, And he puts a lot of thought into them as well. And you can tell as he's listening, he checks that fountain app, and he hits the boost button and responds to something that we said. First one up, I'm ungovernable, bitch bitches, 100%. Clinky glass, mushroom smoke something, muscle gun, USA globe, peace and love. Next, he says the words load and query should not be used in the same sentence. Maybe not. We'll we'll check ourselves on that one. Mint jelly is fucking disgusting. Absolutely unacceptable for an ungovernable OG. Max, I may have to ban you from dirty Jersey. We don't mind mint jelly.
We we don't
[00:15:06] Unknown:
we don't do mint jelly out on the streets of dirty Jersey, son. It's like this bloke doesn't know I'm ungovernable. Do what the fuck I want, mate. Even in Jersey, I'll be having some mint jelly. Show up slathered in mint jelly. I'll put mint jelly all over you.
[00:15:25] Unknown:
Next, he says, I'm ungovernable and smoke non KYC, noncompliant cigarettes. Oh, Dick Greaser would love that. He would love that. I always hashtag warrior on my nostril workout posts. Remind me, John, there's a song I need to send Dick Greaser,
[00:15:41] Unknown:
which has some non KYC
[00:15:44] Unknown:
smokage in there. Oh, wow. I'll write that right down. Non KYC smokeage for greaser. Smoking fags. Oh, he loves he loves that that English funny talk that you do. He does. Smoking fags. That's my good greaser impression. Next, pie says, John, the outro is gangster as fuck, brah. Let's fucking go 100% muskull gun USA. He says, I love smoking weed, brah. John, pass the duchy on the left hand side. Next, he says, who's more of a silly, silly cunt? Peter McCormack or Compass Mining? What's a you?
[00:16:25] Unknown:
I would say Peter McCormack. They were born silly cunts. They were silly cunts from the very beginning, and he took them on as a sponsor and kept them on as a sponsor after it was already obvious that they were silly cunts. Like, even though if you meet a silly cunts and they're like, hey. Do you wanna, like, be friends and, like, do stuff together and maybe I could sponsor you? You'd go, no. You're a silly cunt. I don't want anything to do with you, mate. He had that opportunity, but he still took their money, which makes him even more of a silly cunt. Okay. That's fine. Next, he says, fuck those compass cunts.
[00:16:58] Unknown:
Max, I got your back on. Thank you, Peter. So, okay. That's fine. I mean, so says you. Max, I got your back, homie. They fucked me over a few years ago. Fuck them.
[00:17:10] Unknown:
Yeah. Fuck them.
[00:17:12] Unknown:
2 new listeners of the show. Compass Mining is a hosting service that fucked a lot of people as, mining facilities were shut down in Kazakhstan and they couldn't get miners out. Power purchase agreements that they made with different people, different facilities around the country fell apart. Some Russian miners went missing. Yeah. Yeah. That was once in in Kazakhstan.
[00:17:35] Unknown:
They're just goofballs. I'll push back on that a little bit, mate. I would say that, actually, they're very good at hosting, but they're very good at hosting your SATs, not your machines. Boil.
[00:17:47] Unknown:
Hosting your SATs. New tagline for Compass Mining. If you want to host Don't do it there. Yeah. Don't do it there. I think, I've recommended on the show before. I think their website is hash branch. It's like a review service for hosting. But better off to reach out to people in our sphere and talk about hosting if that's something you're interested in. Or just don't do it. Or just don't do it. Yeah. Well, read the article from Alex, and you'll learn a little bit more about the hosting game. Next up for Pies, he says, I've also temporarily folded until fall. Then it's balls to the wall once the cold hits. Yeah, I'm there. I turned 3 machines back on and, I can't wait for the cold as well. I love that. To me, it's like free it's free sats Mhmm. When when you heat your home with mining. And I've been at was asked by somebody at Lake Satoshi, like, why don't you talk about your own setups?
And, Max, throughout the years, you know all these different setups. I send you pictures of my personal life, and you've you've seen it. And I don't talk enough about it on the show, and I don't know. Maybe I'll start once I get something really cool to talk about. It's just that we've been telling everybody's story for so long. I don't know. I don't often think, about sharing my own setups.
[00:19:01] Unknown:
I don't know. I think it's quite that's the bits that I find the most interesting with mining is, like, seeing people's clever ways of getting around the fact that it's fucking close to impossible to mine profitably on a small scale. That's the bit that I find it. Because that's, like, the most innovative stuff comes out of these. Like, okay. I've got this problem, which is it's really fucking hard to be profitable. So we have to use some of the heat to offset some of the cost, and how can we do that. And to me, that's the most interesting. It's like creative ways to fix a problem.
[00:19:37] Unknown:
One thing you and I talked about it, and and now that you're you're transitioning to to be a female no. To be transitioning to a new part of your life is that we're gonna do more explainers as to what our shows are. Yes. As far as action news goes, we cover mining stories from somebody with a bit axe underneath their desk to a large mining facility to when we do we're heavy into our base load updates, what the energy markets are doing, the fact that a new nuclear power plant in Georgia is built at Vogtle 34, we're all the way across the board talk about all levels of Bitcoin mining. But our specialty and has been from the beginning is sharing stories of the plebs, of the pleb miner, the the creator,
[00:20:23] Unknown:
the scrapper, the guy in his garage, the person heating, you know, their home with Bitcoin mining and just barely eking by. Well, those are the most compelling stories. I saw one on Twitter earlier today. I almost sent it to you, and then I got distracted. Someone who'd obviously taken a load of, solar panels that we're gonna be thrown out. They're just in the back of the truck. Mhmm. I was like, yes. I love that sort of, like, not thievery, but it's like getting shit that other people don't want and then turning that into sats when it literally would be junked. Things like that just really I don't know. There's something piquy about me where I just really enjoy it. But don't we all fantasize in a way about,
[00:21:02] Unknown:
you know, apocalyptic dystopian stories? You know, a a lot of us like the A little bit. The Mad Max stories, Walking Dead kind of stuff. So to me, it's like, well, that's what I would be doing if the world were to end and there was an apocalypse, because I'd be sourcing broken solar panels and Mhmm. Trying to get this network back up and running and mining. Yeah. And last but not least on the pie's boosts, he says, I can't make it this year, obviously, to Lake Satoshi, but hopefully next year I can. I'll be there in spirit with you guys' clinky glass. They're gonna do it again, are they? Lake Satoshi is going to do it again. Yes. We'll have to fast forward in the show notes here because we'll talk about them at the end, but I do believe, and mark this down in your calendars, folks, August 2nd 2025.
[00:21:48] Unknown:
That's gonna be right in the middle of the bull run. Everyone's gonna be balling out, arriving in Lambos and helicopters. Bifrost is gonna be making people these special. What do they call them? Human being single person flight devices or something like that? Not manned drone. Human human drones. They're gonna be people gonna be flying in with their human being flown drones.
[00:22:14] Unknown:
Well, how we trip over ourselves to be politically correct. Yeah. It's gonna be great. I might even make it out there if the ball runs big enough. No. Don't tell people out here. You know how many people come, where's Max? Max should be here. Max. What about me? What am I top liver? Yeah. Yeah. But yeah. But he's English. So He's English. A lot more interesting.
[00:22:33] Unknown:
It's gonna be such a fucking disappointment when I finally get out there. Yeah. Yeah. I think so. Unedited Max. What a fucking retard. You've paused because it's me reading, isn't it? Yeah. Yeah. That's why. Sorry, mate. It's okay. Late stage HODL, 55,555 sats. Keep up the good work, gentlemen. After you mentioned my typical boost amount, then I felt I must keep up the pace. Yeah. Psychology is working here, mate. Nothing better than public shaming, but times are tough. I reduced the amount the last time after I looked at total amount I've sent over time. Laughing face, shocked face, shooting star, love like the Chinese people do. You know what they do with their little hands? Yes. But I appreciate the hell out of y'all seriously.
I look forward to these episodes each month or whatever the cadence is nowadays. Avatar.
[00:23:35] Unknown:
Son of a bitch. You son of a bitch.
[00:23:40] Unknown:
Thank you, late stage huddle. Thank you to your 55,000 sats and your avatar. We appreciate you, man.
[00:23:49] Unknown:
Hey, late stage huddle. Please don't feel like you you're held hostage to boost 55100 55,555 stats. You're certainly, not 5 sets is, is appreciated
[00:24:02] Unknown:
as well. Yeah. We don't hold you hostage on that. You do what you need to do, mate, or don't boost us at all if you don't need to. But, we won't think less of you,
[00:24:14] Unknown:
but but we will. You said it, not me. I said it. You trailed off on purpose. You you had me hooked. You know what you're doing. I too checked my overall fountain boosts, and I have boosted even though we receive a good amount of boosts, I I have boosted much more than I have received on fountain. And as podcasting 2.0 grows, well, I feel inclined to to keep supporting these other shows, you know, as as Grieser and and, Rob Palmer say the intellectual Silk Road, you know, the non PodConf approved podcasts. So I feel inclined to support Rock Paper Bitcoin and the the Bugle podcasts because they're such great supporters of ours? The intellectual silk road. That's what they say. They come up with all kinds of stuff. So who is the intellectual silk road?
I don't know. Ask them. They've lost them. Greece Greece has an article on on bugle.news.
[00:25:11] Unknown:
You just know that whoever the intellectual silk road is is gonna be the most retarded
[00:25:17] Unknown:
in the podcast scene. Yeah. Most retarded, but somehow
[00:25:21] Unknown:
the most poignant. Most honest, maybe. Mhmm.
[00:25:24] Unknown:
We say what we feel. Next up on boost is Rod Palmer himself, and he puts a a green box, which I assume that to mean some kind of n g u type signal, bull run. Oh, yeah. We're entering the bull run. Yeah. Something like that. Richard Grieser did not appreciate Max funny talking about America. Letting it roll off my shoulder, though, Max is a fag, and we just have to accept him for who he is. Great to hear a Rod Palmer story on the show. He has been engaging in some very important work. He just called you a cigarette, buddy. You gonna take that from him? Yeah. I probably am, to be fair. Thanks, Doug Greaser. You sent us sats. You can call me what you want. I like a dirty talk. I gave you sats, and now I get to call you names. You like it, dirty boy.
[00:26:13] Unknown:
I don't think there's a name anyone could call me that would bother me as long as they sent sats with me. With it, try it. Think of the worst thing that you could say to me and send me some sats and see if I get offended. John's digging deep here. Oh, there's gotta be something I can fucking make this cunt cry, little bitch.
[00:26:35] Unknown:
What if I called you Craig Wright? It's fine.
[00:26:38] Unknown:
Okay. How long did you send me sats?
[00:26:42] Unknown:
What if I sent you Bitcoin Cash? That's fine. I'll just convert it. Oh, shit. Man, you're so easygoing.
[00:26:48] Unknown:
Yeah. Yeah. As long as you send me money, do what you want. It's fine. Okay, pretty boy. Here it comes. Here's mint jelly all over you. Seed oil infused mint jelly. Of course. Seed oil is the best base.
[00:27:10] Unknown:
Next up on boosts, we have Chet. And Chet's name is we all eat, and you'll often see Chet, say we all eat. Hashtag we all eat. And I know what it means, because I've known Chet for a long time, and he's explained his his, his theory on life and Bitcoin. But I said perhaps people would like to understand what we all eat means. And he says, sure, John. I'd I'd be happy to explain that to you. And he said it just like that. Sure he did. Sure, John. No problem. He says on a sat standard, there is no more corruption within the money, and everyone plays by the same rules. On a sat standard, everyone in the world is able to eat. Or when I win, everyone around me wins and gets a seat at the table, and I spread as many sats as I can around my circle. Globally, fixing the money fixes the world. On a sat standard, everyone gets to eat. Everyone has basic human needs met. From there, it's determined by how much proof of work you want to do that determines how much you eat. He said that sweetheart. Too well and so eloquently, but his boost says, binding is for fags and retards, l m f.
The two sides of Chet.
[00:28:32] Unknown:
He's so sweet but so mean. Uh-huh. He keeps you guessing. You never know who's coming. This is why the ladies love him. This is why I've lost Hash Latette
[00:28:43] Unknown:
to him. Yeah. I heard about that. Yeah.
[00:28:45] Unknown:
I get it. I mean, I can understand. First of all, she's listened to the disgusting story about my cheese fee. And as I had to say, I was thinking, what the fuck are you doing? Like, what This is the term. You what were you doing sharing that with the world? Yeah. And then she's got Chet with the hot and cold, and he treats her mean and then, you know, keeps her keen, and she doesn't know quite what he's gonna do. It's a turn on. And she's got that all fucking and she's gone, no. I'll go with this guy. Mhmm. Sitting on his s nines. Dirty, dirty boy.
[00:29:18] Unknown:
Mhmm. Next up is fundamentals from said previously said rock paper Bitcoin podcast. Fundamental says, I need Scalzo to meet subway guy and hear them watch them frustrate each other to death. I think I think that could be arranged. I for those for those that don't know that if you missed this episode, there was an article written in Bitcoin Magazine by a guy named David Scalzo. David Scalzo. It's me, David Scalzo. The thesis in this article was that HODLers should pay miners for the privilege of HODLing. Completely not understanding the basic foundations of Bitcoin,
[00:29:54] Unknown:
you know, but David Scalzo, of course, he's he's a dirty mafia kinda guy. You want me to hold your sets for you? I'm gonna need you to pay me. These miners, they don't run for free. You know? He'll host your sets. I'll host your sats for you. How about you, subway guy?
[00:30:11] Unknown:
What can I get you? You need me to host host some sats for you? I don't need you to host any sats for me. You're the one that owes me the sats. You know what I mean? I want all the stats, and I want you to hold them for free, because that's what you're supposed to do. You turn your little machines on, and they make a big whirring sound, and you get paid for the block reward, and you get paid for transactions. And that's just the way it is, buddy.
[00:30:43] Unknown:
I think Scalzo would win. I think Scalzo
[00:30:45] Unknown:
would be carrying, and he would put him out of his misery. Well, I also imagine Scauzo to be more fit. Mhmm. You know, those mafioso, they gotta wrap up a guy every when out and again. You know what I mean? Keep up their cardio. Sure. I heard you weren't paying you your huddle fee, dear fat fat fuck subway guy. We don't get paid in seed oils.
[00:31:05] Unknown:
I heard that the mafia slip seed oils into olive oil and that you never can really know how much percentage of olive oil you're really buying, and apparently, it's quite a big problem. Hey,
[00:31:18] Unknown:
Don't you say that? You know you know who's a, an olive oil expert? He's my sweet lovable Bart Maynard. He knows everything there is to know about olive oil.
[00:31:29] Unknown:
Why does he have such a weird and ranged group of in I can't think what the word is. Like, an eclectic Eclectic. Yeah. He has an eclectic group of interests. Mhmm. They're so fucking weird and varied.
[00:31:45] Unknown:
He has an olive oil subscription. Does he?
[00:31:51] Unknown:
Yeah. Is that to manicure his little hooves? Soft.
[00:31:56] Unknown:
He dips Hey. My them both. Hooves. Extra virgin olive oil for his little hooves. Mhmm. Nothing but the best. For my little barn. Yeah. We'll have to maybe he'll maybe he'll do a, a write up on on Governable Misfits about olive oil. It'd be good to know. Expose David Scalzo and his olive oil scheme.
[00:32:18] Unknown:
Yeah. His extra slutty olive oil. No one wants that. No. They don't.
[00:32:23] Unknown:
And moving on, we have a boost from mister mister. He says, I am a warrior, warriors of Genghis Khan. Bad news. 1987. He says, I will smile to myself whenever it plays. Well, we'll play a little bit of it for you there, mister mister. I hope that made you happy, and thanks for your many, many boosts.
[00:32:57] Unknown:
Just had to drop and do some press ups. Got me all psyched. Yeah. We got the Who playing. We got this bad news band.
[00:33:03] Unknown:
I'm fucking pumped. Let's go. If anyone wants to stop the show and do some push ups, go ahead right now. You know, Pies is probably doing pull ups. While he's doing some pull ups, I had a question for you. You know, in
[00:33:15] Unknown:
our groups, you've got this little, like, bot where you play music. Yeah. I tried to I've never used it before for all the time that you've had it running. I've never used it. And I tried today. I was like, how do I play this jukebox thing? Can't work it out. What do I do? How does it work?
[00:33:32] Unknown:
Oh, well, it is a, clone of the Node Runners FM radio jukebox, Telegram jukebox bot. And I believe that you can go to Node Runners FM. Let me check that real real quick.
[00:33:46] Unknown:
I don't I don't wanna get this wrong. I was sending John some music over the weekend. He was just randomly. He was like, hey. What sort of music do you like? What's your favorite color? What tunes are you really liking at the moment? And so I was sending him different bits, and then he was adding them into the jukebox. And I was like, oh, I actually like that song I just sent him. I wanna just listen to that, but I couldn't actually play my own song.
[00:34:11] Unknown:
Isn't that right, John? I'm still looking for the proper Node Runners FM website. I mean, you can go to node runners dot network. But how do I play it in the in the mesh to do? Well, it's in it's in the PMM Telegram group, by the way. PMM. I'm really sorry. I'm really sorry, node runners radio. Maybe it's node runners radio that I I I don't. Because I I'd listen on their Telegram channel, but they also stream it on their website.
[00:34:36] Unknown:
If you add it on PMM, then There it is. That just links to what they have on their radio. It's the same radio. So when we add a song on PMM, it goes on the Incorrect. Uh-huh. Yeah. That that is not the case.
[00:34:48] Unknown:
Oh, okay. Okay. So it is a Telegram bot that the members of the Node Runner's crew designed that you can control Spotify by doing commands on Telegram and paying for this privilege with sats. Right. That's how this works. So you have a jukebox bought lightning wallet on Telegram, and that's how you pay out the sats. So if you were in the group, you can add sats to your wallet yourself, or I will add them for you using the DJ command. And then once I've loaded you up with sats, then you use the slash add song title song name command, and that will ping the Spotify account to put that in the queue to play next.
That is how all of this works. And thanks to, the Node Runners for all of the time and effort that they have put into getting this bot to work. It's another one of their community building things. I I I find it very helpful in our Telegram groups to be able to play music with one another. You get to bond over that. And so thanks a lot to the Node Runners group for for creating this. And by the way, if you want to listen without playing songs, just see what's going on in that in that Telegram group. You can go to radio.noderunners.org.
[00:36:14] Unknown:
Okay. So I can't play any of the music
[00:36:18] Unknown:
that's added to the jukebox unless I first load up some sats. Correct. Yeah. The shit ain't free. Okay. Fair enough. I take some of the sats to pay for my Spotify premium account. Okay. And then I send the rest of the sets to the node runners, jukebox devs.
[00:36:37] Unknown:
Hang on a second. So someone who doesn't have Spotify, but does have telegram could In theory, if they have sats, they can listen to the jukebox, which is connected to your Spotify premium. Mhmm. And they can listen to the songs, even though they don't have Spotify, they can listen through telegram. That's correct. Yeah. To your Spotify. And they could then choose to add songs even though they don't have Spotify by doing that command. That's correct. Yes. That's actually pretty cool. Okay. Go into the node runners radio
[00:37:14] Unknown:
Telegram group and play songs with them. It's just like walking into a different bar, getting on the jukebox, rocking out with people.
[00:37:21] Unknown:
Okay.
[00:37:21] Unknown:
You anybody can add this to their Telegram group as a matter of fact. Okay. Yeah. I like that. It makes sense. Run a Telegram group of of some close people and you like to listen to music, contact the Node Runners Radio, Node Runners FM group, and they can teach you how to add this to your Telegram group. Does it ever stop? Like, is there something playing now in PMM? Stopped right now because we are recording.
[00:37:47] Unknown:
Oh, it only stops when we record because you need the okay. But when we stop recording, if I loaded up some stats and I went on to PMM, I could then listen to the jukebox.
[00:37:58] Unknown:
You can listen to the jukebox. Yeah. And when someone adds a song, does it stay on there forever and it continuously goes round the amount of songs that anyone has ever added? Only if I manually add them, which which I generally do. Okay. I'll I'll go in and kinda comb through Telegram and see what new songs people have played. We we have, like, 35 100 songs on our our playlist right now. Okay. So if it's not been played before, I will add it to the background playlist that Mhmm. That shuffles and plays when people aren't actively choosing a song. I like it. We provide a lot of community building stuff in Ungovernal Misfits. It's it's not just a website. It's not just a podcast with different shows. It's not just art. It's not just clothing.
I feel like it's
[00:38:43] Unknown:
some sort of movement, a a community movement. It does feel like that. It's organically growing. It's growing in directions. I don't even know what the fuck is going on. Like, I just had to ask you about the jukebox. I didn't really understand it. I've sort of known it's there. I'm like, they're doing a thing with a jukebox. Haven't really had time to look at it. And yesterday, I had time. I was like, oh. It's only been around for, like, a year. It's not No. No. Big deal. And now I know. You see, it's just stuff. I learn something new every day about ungovernable misfits. This is part of this transition.
[00:39:12] Unknown:
You're gonna be more with it. 1 of us who is with it, one of our good community members is Bubba. He says we have a winner, referring to Lake Satoshi giveaway, where we had to guess how many miles he and his his lady driven over the road. He says we have a win winner, sort of. First, let me say, good show, boys. You didn't stink up the joint. That's a high compliment. I praise. Mhmm. That's saying a lot in the Bitcoin podcast arena. Entertaining as always. Now back to the winner. You were off by a ton, but you win. Me and the wifey do roughly 8,000 to 85 100 miles per week average. Somebody's gotta do the work, so few will. Enjoy the lake and drink 10 for me. I probably drank 2 the entire time, but maybe if you combined a bunch of people when you drank 10.
[00:39:56] Unknown:
85 100 miles a week. That's a lot of miles. Yeah. Those those team drivers, they they haul. Do they, like, one sleeps while the other drives?
[00:40:07] Unknown:
Yeah. Because you have a department of transportation restrictions on I'm sure you guys have probably worse restrictions on how many hours you can drive Yeah. Sleep, logs. We call it, like, a taco
[00:40:17] Unknown:
here. Mhmm. But you only have that on the trucks, like, you can get away with it with, like, large fans and flatbeds and stuff like that. Yeah. Yeah. I can't remember how. It's not very long. I think it's only, like, you can drive for, like, 4 hours, and then you have to have a break of an hour or something like that. And then you can drive for a maximum of maybe it's 8 hours or 10 hours within a 18 hour period or something like that. So Yeah. They just switch between the 2 of them. Smart. I think we have a couple truckers in in the audience.
[00:40:47] Unknown:
Bubba, I think there's another guy called Mike, eater of steaks. I believe he's a trucker as well. We probably have quite a few truckers. So if you're listening to this, get on your favorite podcasting 2.0 app and boost us some of the details on, different DOT restrictions on driving.
[00:41:04] Unknown:
8 Myth Ranvir. We are the warriors. Expatriotic. Blind boosting. Sounds dangerous. Am I right in saying expatriotic was coming out to Lake Satoshi, or have I got that confused? No. He he didn't. Okay. I don't know why I had that in my head. Okay. Well, he he he was he was traveling. Okay. He was traveling. Yeah. Because I I'm sure I saw that. Okay. Wartime. The ending gave me chills. Warriors, fire emoji, fire emoji, heart emoji, crossing swords emoji.
[00:41:38] Unknown:
Yeah. Yeah. Wartime. Once again, that's the Lake Satoshi guy. Good times with him. Terrible blow. Super good dude now. One of the worst. You're not saying it this time. That's my dude. That's a good man right there. One of the worst.
[00:41:53] Unknown:
Next up is Bonn. Molotov cocktail, Molotov cocktail, Molotov cocktail. That's not a Molotov cocktail. Don't try and It's intend it's intended to be. It is not. Ask him. Let's ask Bonn. Is that supposed to be Molotov cocktail? It's not. Look. You're like the media sort of changing things to make him look like he's dangerous. Yeah. That is a champagne bottle being popped. That's That's good. That's a happy, celebratory, upper middle class gentleman popping a bottle of champagne. That is not a Molotov cocktail.
[00:42:25] Unknown:
See, I'm I'm getting that because his boost says Misrepresenting you. Warriors, come out and play.
[00:42:34] Unknown:
Now when you look at it, reread it after Mhmm. The way that you just read that. Lots of champagne bottles and little handy little sideways hand action, and then 3 more champagne bottles, little sideways hand action. It could be, warriors come out to play. That could be Bon.
[00:42:53] Unknown:
Popping champagne. He's popping something. So all of these references to warriors are because in the end of action news episode 6, we had a little little piece called warriors. And a lot of these people are referring to warriors the movie. Never seen that. Came out in the late seventies, early eighties type time frame, and it was about different gangs, street gangs, and they fought. You had, you had the warriors. You had, baseball furies. These different gangs that dressed up, you know, and there was a lot of fighting. So that was one one of the gangs in the movie. It says warriors, come out and play.
Like, they were gonna have a big gang fight. So doesn't that seem the more like Molotov cocktail than champagne?
[00:43:39] Unknown:
It does now. Now now you give it that context. Yeah. You gotta you gotta Sorry, Bong. I take that back. You're not actually giving a hand drop to 3 champagne bottle protein. No. Gentlemen, you're more likely to be throwing a a Molotov cocktail.
[00:43:58] Unknown:
Next up is Solex. Get Rev to buy Frost as an external consultant. They can do a whole line of dryers, the hydrators, etcetera. I agree. That coral, he he comes up with all kinds of neat inventions. If he could do if if we could do some kind of, like, a pleb internship program at Bifrost where somehow we were, like, able to raise money so people could just go to Bifrost and share their creations and their thoughts and have access to the facilities and 3 d printing and scanning and welding and fabrication, all this stuff, what, innovations would come out of there. Good idea. Hard to imagine. It's not hard to imagine given who who Bifrost is.
[00:44:44] Unknown:
No. What I'm saying is hard to imagine what would come out of it. Oh, yeah. Yeah. Definitely.
[00:44:49] Unknown:
Cool shit. Next up is Pleb to Polymath. Pumped for Lake Satoshi. Hope to meet a few more ungovernable misfits. And, yes, we had a wonderful time. Thanks, Club to Polymath. It was good spending time with you again. I met him there last year, and, he's in all of our groups. Super cool guy. Got to meet him and his wife and his kids and talk about cows and taking cows to market and how much you should charge for beef. Wonderful conversations with him. After that is vague. He says action sexy news at 6. Oh, we should do some sexy news.
[00:45:20] Unknown:
It's always sexy news with us. Indeed. Mister mister, please consider asking your paid editor to normalize before uploading. Seriously, dot dot dot. Some of us listen without easy access to volume control in a speedy manner. Smiling face, Avatar.
[00:45:39] Unknown:
What have you got to say about that then, John? Oh, it's somehow my nope. Nope. I mean, you do whatever you do with editing, and he's probably right. Fine. We no longer have a paid editor
[00:45:51] Unknown:
because we are poor, and I'm an artist. Yeah. I need to do things myself. Now any editing complaints that you have, mister mister, just boost them across, and, I'll read through them. But it will be me who you'll be complaining at, not a paid editor. Just me slaving away. Yeah.
[00:46:11] Unknown:
Hours and hours. That's that's the rule. Days. You are severely autistic. Yes. Next up is Phomatronic. He boosted with no message. After that is brother, a b I l e. Ungoveled misfits came from Max and q and a's privacy tips, technical expertise, and pled minor advice. Stayed for John's accents, impersonations, homemade jingles, and chicken roasting recipes. Keep up all the great work, and God bless. Thank you very much. Appreciated the kind words and the shout outs, my brothers in Christ. I'm sorry Max had negative experiences in a Christian setting at the hands of misguided fools. Unfortunately, that's too common a story. You don't need any man's approval to get right with the Lord. Keep your prayers up. You guys are doing great work. Thank you very much, brother a b I l e. Maybe someday, he'll he'll let us know what that stands for. How about that, Nabooz?
[00:47:01] Unknown:
Let us know what a b I l e. Yeah. And brother Abel, you'll be pleased to know I've been keeping my prayers up as you put it. Q and a. Good morning, Nosta. Coffee. Latest, noster.nprofile. The fuck does that mean? Action news is upon us. Go check it out. Don't forget there's still time to get questions and topics requested in for the next monthly show. Max and I record 27 hours from now. We're so specific. 27 hours from now, what burning Bitcoin questions can we help answer? Obviously, no longer relevant because that's already been answered. But if you have any questions for this month, which we're recording in about well, actually, as this show goes live, we're we're recording it, like, the next day. So any questions, get boosting.
Q and a will answer them, and I'll sort of nod along. Shadrach, British butter boost.
[00:47:59] Unknown:
Okay. I just wanna interrupt you for a second. Say something about Shadrach. That's a good dude. That's a real good dude. We're at Lake Satoshi, and I wasn't able to bring Sarah. Our oldest wasn't able to come either, so I had a 9 year old and a 5 year old there.
[00:48:20] Unknown:
And
[00:48:20] Unknown:
yeah. Crystal. Yeah. So trying to sell shirts, trying to talk to people about the Urlacher builds that we had set up and mining right right there in the facility, but also being a dad who wants to take his kids on a little weekend camping trip getaway and jump in the lake and swim with them and play and and cook and make food. People were just there to help out. When they see these kids, they they interact with them and they spend time with them. One person I want to thank in that is Otis Spittmeyer's wife who took our youngest for a good part of the morning to play with with her kids and to play with the the SolEx family. Thank you very, very much for that. That is much appreciated.
And also Shadrach, who could see that, you know, at certain points, I was frustrated, and he just took our youngest and hung out with her. And I look up, and there he is on a paddleboard with her, taking around the lake. They got on a boat together, and, he he just filled in as, grandfather for a couple hours. Papa Shadrach. Papa Shadrach, for sure. What a legend. Thanks, brother. I really appreciate you. That's,
[00:49:22] Unknown:
extremely valuable when you are surrounded by screaming kids and all you wanna do is actually meet some of the people that we get to interact with online all the time. Pretty frustrating. So taking that weight away just for an hour must have been, very
[00:49:38] Unknown:
nice. It was great. It really filled, filled my heart with joy. Just the wonderful people that were surrounded by. It's a blessing. Thank you. Shadrack
[00:49:46] Unknown:
use a 194,326, 266, 66 boosted with no message. Ex patriotic. You use a neutral. Fuck me, man. Do not use a blender grinder or beans. Get a burr grinder FML, man. Jeez. I had to stop mid brushing my teeth to to rage at someone on the interwebs. Proceed. Wow. Yeah. Expatriotic in his coffee. It really gets under his skin, doesn't it? It it does. Yeah.
[00:50:28] Unknown:
Sorry.
[00:50:28] Unknown:
Expatriotic at the moment, I am because we started recording quite late. I am drinking, like, not even warm, but not cold, just like tepid coffee, and it's a bit gritty as well because it doesn't really filter it very well. I don't know how you feel about that. Let me know in He's probably just I'm sure he is. I'm sure he is. I don't know what a burr grinder is. Well, you open the door again, so you're about to find out what a burr grinder is. I'm gonna find out. I'm gonna find out. Cyborg, smiling face, wearing sunglasses. Rewolf?
Haven't laughed so hard listening to a podcast. Thanks, gents. User, 2560-751087-5142, boosted with no message.
[00:51:17] Unknown:
We messed up the order, but I'll read this one anyhow. Like a park rules, the Urlacher kit is a game changer. One of the best things about Altair is they do not only sell the big boy miners, but they sell custom builds, conversion kits, and accessories. Truly a one stop shop. Not a paid comment. Just love the business model. And he also says, thanks for staying on the clip game. You're welcome. Sometimes I'm reliable. Sometimes I'm not. Like now, I don't have the statistics intro
[00:51:43] Unknown:
loaded up, so you have to wait. While we're waiting for that, we have about half an hour before carnage completely fucking kicks off here, just so you know. So what do you what do you wanna do about that? I'm just telling you so that you know that
[00:51:57] Unknown:
within half an hour, we will not be able to. Boost we just did a boost show? Yep. We just we did our boost show. Here here it is. It's just gonna be what it is, I guess. Yep. We'll figure out this schedule thing, I think. Yeah. Yeah. Up next on ungovernable misfits action news, we have our statistics.
[00:52:25] Unknown:
Stitchistics.
[00:52:28] Unknown:
Statistics.
[00:52:30] Unknown:
I'm a tell you the basics for hashing with basics Bitcoin mining statistics.
[00:53:01] Unknown:
Statistics. Is brought to you by LINK coin Mining, the LINK coin mining platform. Before we get to the LINK coin mining ad read, which is always so fun and informative, We have something to share from the CEO of LINK coin Mining, CEO of Load Big dog. PhD in electrical engineering, the fridge, laid down some statistics of his own recently on Twitter. I think if there's anything that's gonna get Medi necessary fired up, that is, numbers not being reported correctly. The guy has a PhD in engineering. You think he got there by not being a nerd on a spreadsheet? No. I imagine he's extremely good at spreadsheets. I imagine he is extremely good at spreadsheets as well. There's a lot of talk in Bitcoin mining about decentralization, and and that's a good thing. It's something we've spoken about, for years, as a matter of fact. That's one of the tenants, I believe, of Bled Mining is that we distribute hash rate around the world in in many different ways, from something small and seemingly insignificant as a bit x level hash rate with with 1 to, you know, 4 chips to somebody in their in their home running a full 400 amp panels worth of machines and using all that waste heat heat their garage, basement, and the rest of their home and and living space.
We believe in, we foster, we do everything that we can to try to decentralize the network, but we don't sit here and cash in virtues tokens constantly about it. It's like it's like, well, no shit. Everybody at this platminer level wants to do something and has been doing something for years to try to decentralize the network. But there's been a lot of talk about it lately. There has. People somehow taking that obvious observation to say that decentralizing the network further is a good thing. They make a lot of claims. Those that have a PPLNS payout system that recently rolled out their their version of PPLNS called tides have made claims that, hey. Our payouts are actually greater than FPPS. There's been a lot of FPPS FUD lately as well. I don't care. I don't care how you get paid out. The only thing that we've done in the show is try to I don't know. What what do we do, Max? Like, as far as FPPS goes, try to reveal that there's going to be certain trade offs of the type of pool payout system that you use, and that's essentially what they are. Trade offs that you make as a business decision.
That's how it's always been framed.
[00:55:38] Unknown:
It doesn't have to be some kind of, virtue signaling. I think we've just always tried to be realistic about the fact that people don't do this just for a laugh or for virtue tokens. And at the end of the day, this is a business. People do it because they want to earn sats and they want to actually survive rather than die. So it was kind of obvious, but, you know, that's, I think, what we've been trying to say. And then Mehdi, I think, points out very well in a way that makes it difficult for me to read. I looked at that chart for quite a long time, but for anyone smart who knows about spreadsheets,
[00:56:15] Unknown:
take a look. We have questioned this pool, Max and I, because they have these different filtering block templates. Our biggest issue with the filtering and the block templates was 47 transactions and global TX zeros. That's that's what we called out right from the beginning. The samurai crew, the run and dojo crew, diverter wrote a great article for ungovernable misfits explaining the problem with those different block templates and that filtering. So that was always our problem with the filtering here. Another problem that we have was, how do you run a mining operation which you want to maximize profits, especially, and we'll go over in statistics how hash rate or hash value is so down, and you're leaving out transactions that are paying you to mine that block. They're paying you a good amount of money. And, also, this payout system pool hit empty blocks. So none none of this has quite made sense as to how they're claiming their payouts are so high compared to other systems. And they did this. They posted this out on Twitter, and Mehdi was sharp enough to say, hey. I actually banged out a bunch of data on a spreadsheet. What I did that on a spreadsheet was I took some assumptions. I said, well, let's take 10 identical s 19 JPROs. Let's assume they're at a 120 terahash. I'm gonna take your hash rate that was contributed to the network during the time that that block was discovered, and I'm gonna figure out how much these would have gotten paid in the payout. And he said, wait a minute. If you're not counting your 120 day ramp up time or your 8 block ramp up time, then your numbers are gonna be a little off. So let me do this for you. I'm a nerd. I'm a PhD in engineering. What I'm gonna do is put out this spreadsheet that other nerds can decipher.
I've done my best to try to decipher this spreadsheet. I think I have somewhat of a handle on it, but if I were to try to speak to our audience as to what it says, maybe I don't have the handle on it that I think I do. But but what he does, if you just take the 60 day average and do things like normalize for luck, normalize for fees, normalize for fees and luck, if we just say all the pools are 0% and this particular pool has 4 different templates, Some are 0% fees. Some are 2% fees. Boy, it just depends on your morals or your definition of spam, I guess, as to what your fee is gonna be. And he challenged them with data, with statistics.
And he came up and said, listen. I I think you guys are probably paying 0.5% less than the FPPS average. Let's do a little bit of a Linkcoin ad read here. Linkcoin is an auditable FPPS pool. Go on linkcoin.com. Go to their privacy policy. Look at the math there as to how you can audit linkcoin and their FPPS payout. That's one of the things when they rolled out is this is an auditable pool. Hey. By the way, if you don't like me calling LINK coin mining a pool, okay. Great. Hash rate marketplace. There. Does that make you feel better? LINK coin mining as a hash rate marketplace is very easily auditable for their payouts.
Anyway, back to what what happened here. So Mehdi says, yeah. That's just a It's obviously annoyed you. Oh, man.
[00:59:22] Unknown:
Me and
[00:59:23] Unknown:
I I feel like, behind me here. And I often have to tell people, hey. Listen. Yes. We know that Link coin mining is not a primary pool. We've gone over in this show what a primary pool is. They control the coinbase transaction. They create their own block templates, and that's about it. That's the role of a primary pool. So anybody else that is not controlling the Coinbase transaction, you are a, Hash rate contributor. You're a Hash rate marketplace. You're buying Hash rate from all of your users. You're kicking it up to another pool, and Yeah. You're charging a fee for that service. That's just the way that is. Yes. We have explained that. When did we do that, Max? October, November of last year? We went on a big diatribe explaining what a primary pool is and what a secondary pool is. Or we could just say primary pool and hash rate contributors if if you like that, terminology
[01:00:16] Unknown:
any better. So if you're new here, you can go back. Oh, it was actually not gonna be action news then, was it?
[01:00:24] Unknown:
No. That would be let let's let's say episode
[01:00:28] Unknown:
11 or 12 of of let's let's say, episode 11 or 12 of of let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's And so that's why we have the 2 now, but it used to be just PMM. So if you go back there, have a listen. To get a better understanding of this, I I suggest everyone go to the Twitters and look at Mehdi Nasseri's reply
[01:00:48] Unknown:
is where where he points out that you've actually underpaid 0.5% in comparison to FPBS. Do you know, challenging them, did you how did you run your math? What's your date ranges? What's your hash rate of the test case? What's your uptime of the test cases? You know, what user account wallet address of the test case? What's your form what's your formula for calculating luck? Are you calculating luck? Are you calculating pools for luck? Are you calculating future fees, fees? There's a lot of data that that goes into this. So what he was nice enough to do was to amend the spreadsheet, do his own spreadsheet. So you can check out his spreadsheet Medi Maths. And see Medi Maths. See how he normalized for fees, normalized for luck.
And and that was great. That was challenging. That that is real math. That's statistics. That's how we keep from bickering with each other. And going back and forth is just being honest about your math slash maths depending on your location. Maths. So please check out that tweet. And, if you guys can, keep the conversation going there on Twitter. It just fell flat. Mehdi posted all this data and did all this work on the spreadsheet, which I'm sure didn't take him a long time. But somebody like me, that would've taken me a week to do that spreadsheet and, didn't get much back from it. Listen. If if we're we we can't have assumptions in in this world. It has to be this is mining.
It's gonna be straight math. Let's put the feelings away for a little bit, and let's just go with math. I don't know, mate. It sounds unreasonable. Yeah. I I know. Sorry. That was stupid of me.
[01:02:29] Unknown:
Can't we all just bicker? Yeah.
[01:02:32] Unknown:
That's it. That's what we really need to do. Just keep our heads down in the dumps and, just scratch each other's freaking eyes out in the trenches while the big decentralized guys just do whatever the fuck they want. And then all you smaller, mining organizations can sit there and play, Rochambeau, kick each other in the nuts all day long. Are we gonna have the link to this tweet in the show notes? Of course. We will have the link to the tweet in the show notes. And and if if you you all are super cool with podcasting 2.0, you can go to this particular chapter. And in this chapter, Jordan will have placed the link to this tweet. So all you have to do is go to the chapter. Boom. The link will be right there in the chapter. He's good, isn't he? Mhmm. Don't have to pour through the show notes. Just look at the chapters. Well, as you all know, statistics section is brought to you by Lin coin mining, the Lin coin mining platform.
I don't know if people know this. We've mentioned it before, but we just don't take any sponsor on this show. Somebody shows up with a bunch of sats and says, please sponsor the show. We say, well, who the fuck are you, and how do you tie in with our ungovernable mystifieds synergies? So why do we partner with Linkcoin? Well, not only because they provide a robust auditable hash rate marketplace. We love the device management tools. We love all the different mine management and energy trading tools that they have to offer. That's why it's called the LINK coin mining platform. They offer device management that allows you to reboot, adjust power, monitor temperatures, have a site map of your mine, PDU management, PLC management. A PLC is a programmable logic controllers, and those things can provide real time power data, can manage your PDUs, your switches. They can monitor alarms, fans, pumps. You can integrate PLCs with cameras for security.
You can log data that can be impiled and examined at a later time. Hey, When the sun comes up, you know, in the morning, we notice that our fans do this, and our mine operates in this way. And in midday, it operates in this way. And perhaps we need to provide some shade for the containers. You know, these PLCs and the Linkedin management system allows you to do things at your mind besides just throw hash rate to the network. With rails automation, you can set different rails based on electricity price, hash rate, hash price, hash value. You can batch troubleshoot machines. They have an inventory management system. Listen, when you've got a few 100 miners and one is down, you'd like to be able to scan that thing and find out what the serial number is, what the past history of repair on that particular machine is. Inventory management allows you to do that. You can share access to your mind at different levels with our team functionality. You can generate trouble tickets, and you can manage those tickets for your teams. You can generate profit and loss reports, not to mention all of the functions that load does. You've got 4 CP, seasonal coincidental peak. These coincidental peaks are like the highest amounts of electricity consumption on the grid, and they, take place typically between June 1st September 30th.
Well, load allows you to interact with those 4 CP functions from the independent system operators and potentially make profit that way. Potentially make profit is the key. Oh, yeah. Yeah. Yeah.
[01:05:45] Unknown:
These are tools that help you potentially make profit Mhmm. In mining, which is a strange concept, and a lot of people on Twitter won't understand this. And you don't get any Vertu tokens through load or link coin or anything else, but you do have the tools to have the opportunity to run a profitable mine.
[01:06:10] Unknown:
And that's what we care about here. That and privacy. And privacy. They still do BIP 47 payouts. They do. And lightning payouts. If you want to know about the Lincoin Mining platform or if you want to know more about the load products, schedule a consultation. Contact them at Lincoin Mining on Twitter, or hit up nima amir. That's at nimzilormedinaseri on Twitter. Medi's Twitter address is medinaseri to learn more about their ASIC management, energy trading, energy plus energy trading packages. You can bundle with our Hashrate Marketplace and save. You might be able to get some kind of super low fee deal if you take up the other products. Imagine this, they have so many products that you can bundle them all together and receive discounts.
[01:07:03] Unknown:
Business. Good at business. You know? Magical.
[01:07:08] Unknown:
Global hash rate. Global hash rate on a 30 day moving average is 643 exahash. Our last episode, it was only 582. 7 day moving average is 641 exahash. On our last episode, it was 579. You're seeing the trend here, Max. One day highs for the past month have been as much as 730 exahash on July 21st, about the same on the 28th, about the same on August 10th, and as low as 520. That is a 210 point spread in in in one month on one day average. So you can there's the there's that 4 c p, SCP coincidental peak thing in play. We are right in the middle of that June 1st to September 30th time frame. So, obviously, some curtailment and demand response is happening. So that that can be attributed those swings can be attributed to that.
LINK coin mining itself's hash rate has swung a good bit over that past month to reflect the fact that their customers participate heavily in demand response programs. So they've been from 1.73 x a hash to well over 2 during that time. To me, that shows a an interesting mining platform that you have that many customers that that participate in those creative programs.
[01:08:24] Unknown:
Why is Hash rate still climbing and Hash price still dropping? What is going on? It seems as though it's pretty tough out there. Why is there more Hash coming online constantly?
[01:08:39] Unknown:
Yeah. I I'm I I think in Alex's article, he he may touch on that a little bit. I hate to say the same thing over and over and not really know whether it's true or not because it's it's hard to understand the economic mechanisms within these large institutional miners. But basically, they have the money to do it, to continue to grow hash rate. Hash rate's gonna grow. Listen, a lot of machines have come online. And if you look at the release just of the s 20 ones alone, we're going from we'll talk about this later on the episode. We're going from, like, a stock 17 something joules per terahash machine to recently, Altair had benchmark tested finish on an s 21 XP.
And in some of the low power modes, he's getting 13% I'm sorry, 13 joules per terahash. And on some of these whopping, like, overclock numbers, he's still getting 17 joules per terahash. So a lot of it could be attributed to new machines coming online. But then again, how did somebody pay for all of those machines when we've been in this extended bear market, especially a bear market in in mining where we've had a significant decline in hash value and hash price along with, you know, the having in the middle of that, and we haven't reached this bull run. So perhaps it's mining institutions preparing for some kind of bull run, and they have runways because of institutional lending even though the interest rates aren't aren't particularly low. Every pleb I know has turned off machines.
[01:10:08] Unknown:
Well, yeah, that's what I'm getting at. It's like, it just seems weird because the stories that I hear are obviously from people in our group, and everyone's struggling. And then I'm like, okay. So that means because everyone's shutting off machines because they're struggling, hash rate should be dipping, but it's not even though they are switching off, which means they're switching off, but that's being soaked up by the bigger miners and some. Sure. So it's growing quick. It's just yeah. It's interesting to see. Yeah. And, you know, the the the small guys are are such a a pittance as far as overall Hash rate contribution to the network. Mhmm. It's the pizza shop analogy.
[01:10:48] Unknown:
The large institutional miners don't adhere to the same economic principles that we have to. Do you think there's gonna be some big blow ups then? Hoping so. I mean, everybody's waiting for it, aren't we? We're all waiting with bated breath to see all of these blow ups, and and we celebrate here from from the peanut gallery when they do. Sweep up all those tasty sets. That's right. Sweep up all those machines. You know? Everybody's really hoping for for the crash, and they can get their hands on some some new gen high efficiency machines. It's like, oh, please please dump. Please go out of business. Let me see some of these machines on the marketplace. I really don't. I don't really wanna wanna spend, that much money on a new machine, new set of machines, but you have to. Listen, the the s nineteens just aren't they're not cutting it. The k pros aren't really cutting it at this point.
New gen's the way until, number go up. Speaking of the 2 most important numbers in mining, they aren't price of Bitcoin. They are hash value and hash price. Hash value is how many sats per petahash of hash rate per day you can expect to get on average. These numbers that we do are are for the FPPS average because that's it's kind of the best way to look at mining statistics. It's too hard to pick the PPLNS average. You don't know what their luck is going to be. If you just go across the whole network and blocks and how much they paid out, it's much easier to do statistics. So with the so we use FPPS average. You're gonna get 73,457 sats per petahash per day. On our last episode, it was 82,000.
So 10,000 sats less a day, and, you know, that's well after the having. That's just the fact that transaction fees as a percentage of block reward are shitty. Shitty, shitty, shitty. Even shittier than than they were the past 2 months. What are you gonna say if things
[01:12:49] Unknown:
flip and we have a really good time 6 months to a year from now? I'm gonna say not not as shitty. Not as shitty. What if it's really good? What if things are really good? Then what are you gonna say? Oh, well, you'll just have to tune in and find out what else I can say. Have to wait. Okay. That's right. Yeah. Hash price
[01:13:06] Unknown:
is now $42 to $43. So you have a petahash worth of machines. You've got 5 brand new machines that cost you $4,000 each just humming away, and you're only getting, if you cash them in, 40 2, $43 a day. We actually have to go back once again to the same date that we reported on the last episode. June 6 was the only, good day we've had lately where your hash price was $88, and you got about a 127,000 sats for your petahash worth of machines on that day. Cool. Network difficulty is at 86.87 trillion. On our last episode, it was 79,500,000,000,000. Getting more difficult.
Transaction fees as a percentage of block reward, as we mentioned, they are shitty. We hope for a day where they are not shitty.
[01:14:03] Unknown:
I like it. I just like hash price is
[01:14:08] Unknown:
shitty. I mean, what do you want me to say? It's under 1% I like it. I mean I want it to stay as it is. I really enjoy it. Transaction fees that are under 1 effing percent. Somebody said, can you guys do an episode where you don't curse? And I was like, I think that's impossible. I think no is the answer. I don't see how. Listen to another show, mate. There's plenty out there. Yeah. That's true. Next block estimator, which, once again, we are thankful to e 4 pool for putting this tool back up after the samurai arrest. I really liked it, and we only got to use it for a month or so, but e 4 pool has put it back up. Next block estimator is showing 4 sats per vbyte estimate on the medium fee. So if you haven't consolidated UTXOs lately, you're fucking fool.
But given how shitty everything is, you got time. Next up on the statistics section of Ungovernal Misfits action news, we have are you familiar with the site, Max Stratum dot work? Didn't we speak about it earlier in the show?
[01:15:06] Unknown:
Yeah. We did. So yeah. I am. It was a long time ago. It was a long time ago. Yeah. My comments were, it's pretty.
[01:15:15] Unknown:
Mhmm. It's very pretty. And and and what kind of information are you finding out from stratum.work?
[01:15:21] Unknown:
Mainly pinks and purples, but there's some yellows and oranges going on there for a small amount of green. I'm a big green fan. Really? There's not a lot of it. Mhmm.
[01:15:33] Unknown:
If you're looking at stratum.work right now because you were so curious that you just had to know what it does, the real value of it, it shows the similarities between block templates. One thing I was hoping that it would do would be to show the payout addresses of these particular pools. It does not. That would be some juicy data. I think you have to go in a little bit deeper to compare the Sure. You can get that out. Addresses. I'm sure you can too. I've always suggested on the show that people follow a Twitter handle called mononaut, and he breaks down this kind of stuff all the time. What we have found out that if all of these Merkle trees match and what we're looking for in as a as a as a component of block template, you have one of the components is the Merkle root. And to explain this, I'm going to refer to a bite sized Bitcoin that we had previously on, how a block template is made. And in there, I wrote, and I'm I'm quoting myself here. But I I spent the time to write this out. So if I read my own stuff, then it's not really cheating if I don't do it extemporaneously.
Is is that right? Yeah. Alright. In that piece, I said that the Merkle root is a hash of all transactions included in the block and is used to ensure the integrity and validity of the transactions. The Merkle root is a key component of the Bitcoin block header. It is a cryptographic hash that summarizes the content of all transactions into a single neat little 32 byte value. In a Merkle tree, transactions are grouped into pairs and hashed together, forming a new set of hashes. This process is repeated until a single hash called the Merkle root is generated. The Merkle root is included in the block header then broadcast to the network whenever a new block is mined. When a node receives a block, it can use the Merkle root to verify the integrity of the transactions in the block without having to validate each individual transaction. It is a compact and efficient way to verify the contents of a block and ensures the transactions are legit. So in looking at my writing from previous, you can take a bunch of different transactions in a candidate block to start out with your Merkle tree to get to the Merkle root. Long story short, there's more than one way to skin a cat. And if all of these pools are skinning the cat in the exact same way, then we can assume that they are all mining together,
[01:17:57] Unknown:
that they're not individual pools, that there is one primary pool, and the rest are contributing hash to it. Yeah. There's a lot of green now as I look at it on Merkle branch. Mhmm. It seems as though 1, 2, 3, at least, like, 10, 12 fish are all got the exact same one. Yeah. There's only 2 that are different. And this is what we are calling the antpool family.
[01:18:22] Unknown:
So we have Ultimus, btc.com, Binance, Poolin, all BTC, Raw Pool, Luxor, SEC Pool, EMCD, Sigma Pool, and Antpool are using all the same Merkle trees to assume that they're all using the same block template. So there's your centralization visualized. That's the power of stratum.work. Try to explain this stuff to people, and they go, okay. Well, that that sucks. And then when you see it in these pretty little colors, you go, oh, shit. Yeah. They really are.
[01:18:57] Unknown:
Wow. The colors are pretty, but the picture's not. Oh, yeah. That's a good way of saying it. Do you like that? Mhmm. Sure. As a way to get, our listeners
[01:19:06] Unknown:
to remember and understand who the Ant Poole family are and what they are, well, we've composed a little jingle. You can snap along. Shady and they're scheming? The blocks aren't what they're seeming? Block templates are the screaming? The ant pool family? The templates are Omirror, StratumWorks the bearer, the Myrtle Tree shall clearer, the Antpool family, Luxor, Ullin, Finance. They're taking over mining. With every block of mining, their central powers rising to ample family. Frames, they mine with foundry, while ample mines profoundly. And what we are a finding's the Ample family.
[01:20:03] Unknown:
Ultimus. Btc.com.
[01:20:09] Unknown:
Raw pool.
[01:20:12] Unknown:
The Ample family. That's amazing, mate.
[01:20:15] Unknown:
Sometimes I think you might have too much time on your hands. I don't have any time on my hands.
[01:20:21] Unknown:
Where where are you coming up with this stuff? In the van? In the van. Yes. If if it weren't for my fiat job, this show wouldn't be possible because I do not think at my Fiat job anymore. I have been in telecom for almost 30 years. Mhmm. Nothing I don't know and nothing I can't do. No thought. I just go and do this stuff. Totally autopilot.
[01:20:44] Unknown:
It's a blank blank stare all day. John's there just keeping the whole world together, making sure communication is possible between everybody. And while he's doing it, he's just thinking. Yeah. All the family.
[01:21:04] Unknown:
Yes. That's what I'm thinking of. Very good, mate. I like that. Well, if you like jingles, we have a jingle for our sponsors. That's one thing I really like about this show is our sponsor jingle. One of my favorite ones is Bifrost Manufacturing. Sing it Robert Plant. Get it. Live Cross Manufacturing coming from the land of ice and snow. Always doing cool stuff. Most recently, they attended a local Comic Con in Grand Forks, North Dakota. They had a 3 d printed Stormtrooper helmet there. Or can I say Stormtrooper? Would that be, like, 2? I can't, trademark Star Wars.
A trooper a trooper helmet. I that's that's so cool to Bifrost manufacturing. They're like, yeah, let's attend the Comic Con and bring some stuff there. Just show me what I can do. Yeah. Sure. We fabricate all kinds of things for mining. We make immersion containers. We make these, skid pallets for transformers so you don't spill your transformer oil all over the place. We're working with schools and universities on aerospace technology and drones, but, also, we're nerdy enough to attend our local Comic Con. Love it. You ever been to a Comic Con? Comic Con? Comic Con? Comic Con. Comic Con. Comic Con. We had one at our this is a town called Monroeville, which is, like, on the other side of couple counties over, and they have some kind of Comic Con every year. And, yes, we've gone to it a couple times. Sarah had a crush there. Some guy was totally crushed on her, this comic book nerd guy. Like, so for me, I like comic books. I I like Wolverine. That's my jam. You know, he's short. Hey. Who doesn't like a short, stocky guy? With claws.
With claws and a lot of hair on his face. And Sarah was trying to get temper. No. I don't have a temper. Alright. Maybe. Sarah was trying to get me, Hulk 181. I always wanted this particular comment. That's the first appearance of Wolverine. And so she we went to this Comic Con, and she, like, contacted this this guy who we bought some comics off of. I'm like, listen. I really want to get my husband, Hulk 181. And she he thought that was some sort of intro that she was somewhat interested in him because she wanted to get a comic for her husband. Interesting.
Oh, yeah. This guy really put in a a lot of effort to try to find me hulk 181 to try to find Sarah hulk 181 because he was gonna steal her away from me. Did you get it? Like, Scott Summers stole Jean Grey away from Wolverine. No. I didn't get hulk 181 because it's really expensive. Yeah. What are you gonna do? Not buy it, probably. Probably not buy it. Yeah. Yeah. Well, back to Bifrost Manufacturing. They are in, as we know, Grand Forks, North Dakota. I was talking to our producer Jordan the other day, and I said, do you think I will ever get Max to say Grand Forks, North Dakota in a North Dakota accent?
Maybe. Maybe we'll get you to say it someday. North Dakota. Not happening today. I'm muting, mate, because it's absolute carnage. That's why. I heard the baby. I was just trying to figure out how to how to work through it. At Bifrost Manufacturing, they offer 3 d scanning and printing, custom fabrication, and manufacturing. They have a team of crack machinist and fabricators trained in various welding, CNC, production, and machining. You can contact them by visiting their website at Maxwell Insight. Manufacturing
[01:24:55] Unknown:
dotcom. Or you can just hear this all in the background. Oh, yeah. You're just gonna hear it. All the carnage. This is it's just horrendous.
[01:25:02] Unknown:
Or you can call them at 218-2803 71, or email at [email protected]. And in case Max's audio was too terrible to have that inserted, I will try to do it in my best Max voice, by frostmanufacturing.com. Now is the time of the show where we look down at our podcasting 2 point o apps, and we say, damn, this show is good. I would like to stop, drop, and boost. It is something new, DMX. It is something new in the world of podcasting, podcasting 2.0. In the last show, I do believe that I said that DMX loves the boosting, but I believe he's dead. So maybe his his homies are are boosting for him. Pouring out a 40 for DMX.
I think he's dead. Somebody look that up. Look that up. Okay. It's DMX dead. Somebody died. Something new. You're dead. That's what something new. That's it.
[01:26:22] Unknown:
Oh, that's mean.
[01:26:23] Unknown:
Oh, don't worry. The rough riders are still alive, and they're all boosting. Stop what you're doing, boost the show, or if you're not into boosting, hey. That's okay. We're all cool. Send us some stats to our Paynems, maxbuybit, m a x b u y b I t, or weathered thunder 791. Also, if you're on the, tweeters, we always let you know what the Monero address is if you would like to send Monero as well. Give it a look see. Up next on Ungovitable Misfits action news, we have the part of the show that is actually action news. This is Ungovitable Misfits action news, your trusted source for news in the Bitcoin mining scene.
Our pool 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 base with baseload. Contributing maverick journalist Dick Greaser from the Bitcoin bugle and the ever present. Manger. A little goat, buddy. He's a manger. I cuddle him and knock him every day. The little goat keeps his hooves nice and soft and supple with olive oil on his hooves. Yeah. Action news. First on action news, we have an article from our good friend, Alex, at Kaboomracks. Hey, Ungoverable Misfits action news. Isn't it kind of crazy that you have a competing miner gear salesman against Altair on your show to talk about mining? No. We're one big happy family, everybody.
We got nothing but love for one another. Sure. Alex, has a lot of knowledge in the Bitcoin mining scene, and we thank very much for his time and efforts in writing this article. This article is currently up on Ungovertible Misfits. That's UngovertibleMisfits dotcom under writing. Please check it out. Read the whole thing. I will give you a summary, but, damn, it is long. He introduces the article by saying while the world is on the precipice, Bitcoin is getting ready for a face melting bull run. You you sure about that? You sure about that? And there is going to be a capacity shortage. Right now, there are entities buying it all up, and they're having to compete with the data center industry, which is also expanding at a very rapid rate.
I'm a Bitcoin miner salesman, and my goal is to convince you that buying miners or having them plugged in is a responsible financial decision versus just buying Bitcoin. I'm sure that's a very difficult place for a lot of miner salesman to be in because I am sure they get asked this question a lot, like, should I be even buying this mining gear? To expect a minor salesman to answer that question for you, that that's tough. Like, really, in my opinion, their only responsibility should be, yes. I have the equipment. It's in here. It's in this warehouse. We can get it to you in this amount of time, and this is how much it costs. Beyond that, you asking your miner salesman for advice on whether or not you should be mining is ridiculous. You've already lost the plot. His tldr tldr on this article is mining is going to be horrible for retail after the next halving, three and a half years from now. Minor supply crunch likely won't be as severe as the last cycle. I'm a little bit disappointed in that because I've been holding on to a lot of machines hoping we have a huge minor supply crunch, and I'm able to sell some of these used machines for a lot of money. Probably not gonna happen, though. Capacity crunch will be very severe.
Market FOMO will be insane and will be great to capitalize on if you are positioned correctly. The most efficient machines will carry the highest premium, especially if you can sell it plugged in due to capacity crunch, and selling it plugged in is just like transferring your hosting stuff. Hey. I got this machine already plugged in and hosted. You just take it over and pay me for the machine. That avoids a lot of shipping costs, and Max can speak to this. When you try to retrieve your miners, especially from an organization as large and disorganized as Compass Mining, it's not easy, and it's gonna cost you. It's probably gonna eat up a lot of your profits just to ship these machines away. So if you can sell it to somebody else hosted, basically take over my hosting contract and let's come to terms, Alex is considering that a good deal.
If you are willing to sell equipment when the market takes off, you will shorten ROI time tremendously. Selling at the top lowers the risk of failures due to manufacturers making bad hardware and lowers the risk of buying unknown quality machines. Mining is changing and maturing. People will FOMO into the market. As he said previously, in the market, FOMO will be insane. Hard to predict people's feelings, but we can look back in history and just see how many people do we know spent $10,000 on a machine. You hear those stories often, and, basically, they never ROI'd on them. There is going to be capacity restraints, meaning people will pay more for machines already plugged in. Next having is going to be brutal, as he mentioned.
You make a lot of money fast timing the market like this. I'm not sure that I can do that myself, but there are people that can, and god bless you. He also says there's a lot of risk, and a lot of people won't and shouldn't attempt this. That's great advice. At the end, it says the market is risky, and it's easy to get scammed. So I will encourage people to do a lot of research on who they're working with and stick with people who have good reputations. At the end of the day, it's much easier and safer to just buy Bitcoin. Double check you know who you are talking with as there will be people impersonating individuals on Telegram, Twitter, etcetera.
Scams are getting more sophisticated. We have learned this lesson amongst our group in the Ungovernal Misfits mining world where we have a couple people who have gotten scammed, and we've shared their stories and the lessons from the scam. It's good to know people. We'll finish the show here encouraging everyone to get to know know your pleb, IRL. It's extremely valuable for all kinds of reasons. I mean, listen. You you can make a connection with somebody in a way where they watch your kid and and you see the grandfather in them, you know, like I got to experience at Lake Satoshi. That's a wonderful uplifting thing, but you could also probably know people well enough to say I'd be willing to interact and transact with them on a mining gear purchase.
I encourage everyone to read this article in its entirety. I went over the TLDR bullet points, but, of course, Alex has a wonderful way of explaining things and giving you his viewpoint on mining. He's got a lot of experience in it. And as I said early on the show, he talks to everybody, a sponge for for information. Up next on On the Government Misfits action news, we have a Bitcoin bugle article. This one is by Rod Palmer. So once again, Rod Palmer took my attention. I got a glean in my eye about Rod Palmer and this article, and mining organizations are thinking about doing a ladies night, which is pretty nice. In an effort to incentivize more women to Bitcoin, the top mining pools announced Thursday nights will be ladies night starting on August 1st. So it's already happened. Female Bitcoiners will receive 1 free high priority transaction and a fee rate of 10 sats per vByte. Well, as we know, on next block, you have a medium chance of doing it at 4 on any and all subsequent transactions they make. Reactions to the news policy have been mixed. The new collaboration was announced in Nashville a few weeks ago at the Women in Bitcoin conference event where it was met with cheers and applause by the event's attendees.
However, while some men in the male dominated industry say they welcome ladies' night, not everyone is happy about it. Women don't need to worry about Bitcoin. Their brains aren't evolved to understand thermodynamics and economics. Thank you very much, Max. Someone said 1 Bitcoin pleb who isn't happy with the idea. Another critic called the move sexist and said Bitcoin is becoming increasingly hostile towards male values. Still others are using the opportunity to schedule local Bitcoin meetups on Thursday nights at bars and pubs in their area in hopes of attracting women from their communities. Sometimes I think Bitcoin is never going to make it to a 100 k. I can't wait forever to find a girlfriend.
Us single guys need to be proactive. I think the mining pools creating ladies' nights is an idea we should capitalize on as single men, said Chad Grankus, order of the Des Moines, Iowa meetup. He said, there are a lot of orange cells out there who need this. Who am I to criticize it or deny them this chance, he finished. Well, good for these mining pools doing ladies night and good for these nerdy meetup guys in Des Moines for taking advantage of it. You never know what kind of sexy babes might be showing up to ladies night, perhaps Hashlaudette.
Thank you very much, Max. I think that might have been the Michelle Obama is is a man. I agree. It's very interesting communicating with Max strictly through his soundboard. That's fine. Yeah. That is fine. You you got that right, buddy. Next up on Ungovernable Misfits action news. We've got our update from Altair. Altair Bitcoin Mining Solutions. That's altairtech.io. Got to spend time at Lake Satoshi this past weekend. And at our little table, we had a bunch of Ungovernable Misfits T shirts set up. Please visit our T shirts section, our clothing section on Ungovernable Misfits. I think you will be pleasantly surprised by the the, wide range of designs.
And when you receive the clothing, you'll be surprised by the quality. It is absolutely top notch. I think everybody that picked up one of those shirts said, wow. This thing is thick. This thing is heavy. This is real cotton. This has a real feel to it. We didn't have any hoodies on display, but it's getting to be fall here soon. Oh, thank God everybody can mind at home. The hoodies are fantastic. It's like a real warm hoodie. Top quality cotton. Anyway, while Shill. Yeah. Alert.
[01:37:19] Unknown:
Shill. Alert.
[01:37:21] Unknown:
Always shilling. Hey. If the opportunity comes up to shill some kind of ungovernable misfit shit, I'm going to do it. We had 2 Erlackers on that table as well, supplied by alteratech. Io, the Erlacher build. Chet was involved in that. I do believe Chet bought them both, one for himself and one to give away. So once again, when you see we all eat, he really fucking means it. We all eat. He's one of the most generous people that I know. He's probably gonna be mad at me to to to say that that he was responsible for that giveaway. But, hey, it's the truth. A lot of people came over to those Erlackers and were absolutely surprised to see this industrial sized miner that they have been told and those that experience mining have heard for themselves, these super loud fans.
And you don't have that on the Urlacher. If it doesn't need to scale up the fans to maximum, it doesn't. So if you keep it hashing at a pretty low wattage, it stays relatively quiet. Comes in 2 models. The 56 terahash is about 1200 watts. The noise levels on it are above 53 dB, and it hashes at 23 joules per terahash. The s 21 model, 62 had terahash, 1200 watts, 53 dB, 19 joules per terahash. I want to explain something to people. So the advantage of this Erlacher build from altairtech. Io is that is a 120 volt modification. You've got an APW 3 plus, which is a s nine power supply.
It's some low key components in there to trick the machine into accepting the 120 volts. Because you're using 120 and not 240, you're actually raising up the amperage that this machine is using. So it is an advantage because you're using a 120 volts, but please be aware of the circuit that you plug this into. Probably won't go over 1400 to 1500 watts on a 15 amp breaker and definitely no more than 2,000 watts on on a 20 amp breaker. So you have to make sure that your internal wiring in your house's gauges are are made up, and I'm not giving you electrical advice now. But usually, the rule of thumb is for 12 gauge wire, that can handle about 20 amps and 14 gauge wire that can handle 15 amps. So please be aware of what other circuits in your house or what other, outlets in your house are connected to the outlet that you plug one of these Urlackers in. And be sure that you have the wiring and the breaker that can handle that. That is just some personal advice from me.
Other offerings from altertech. Io. If you want something low terahash, their desktop unit bitaxe builds are pretty sweet. And something fun that is coming up in the future from Gecko Science is the Mein Coffee. I don't know about that name. Makes me think of something else. But Mein Mein Coffee, it's very German. The Mein Coffee is going to be a coffee warmer, candle warmer desktop unit that has 4 s 19 chips. So this would be, like, the generation of s nineteens that came out, like, 2019, 2020. It'll have 4 of those chips in it with a beautiful, wooden base, a little LCD screen, and an aluminum top that you can just set your coffee right on top and potentially mine Bitcoin with it. Very excited about that coming out because now now it's these things that we've talked about for a long time. An interview that Max did with Schnitzel where he talked about a tea kettle perhaps being warmed by AC chips. This trend, this mantra, put AC chips everywhere, Distribute ASIC chips around the world. That's another decentralization technique. This is one of the first things that is just, like, ready made and not warming your feet in the office, but doing something like warming your coffee. And I think it's going to warm it to, like, a 130, a 150 degrees Fahrenheit.
For all of you cocks that don't use, standard units, that's 55 to 65 degrees Celsius. So pretty neat. Pretty excited about that. Altair, as always, has the dope on the Bitcoin mining scene. Recently, he did some benchmarking on the s 21xp. S 21 pro numbers we did in a previous episode, if you wanna check back that are probably easiest thing to do would be to check Terra's Twitter to see the benchmarking tests on that. Highlight of the numbers is overclocking numbers. He's getting anywhere from 260 to 290 terahash at 14 and a half to 16 and a half joules per terahash. So those overclocking numbers beat the initial stock s 21 releases.
Underclocking numbers, some incredible efficiency, 150 to 211 terahash at 13.5 to 15 joules per terahash, also from Altera's update. Bitmain will soon be releasing their purpose built immersion miner, the s 21 XPIMM, with a stock efficiency of 13.5 joules per terahash and a whopping price of $7,419. But you do get a 1 year warranty, so I suppose that's exciting for our immersion people who are used to, taking the risk on dunking their machines. Bitmain will actually provide you with a 1 year warranty. Now to speak to their warranty service, I don't know. That's up to you. Hope you got somebody lined up. Up next on our altertech.io update.
Alter got the dope on the Bitcoin mining scene, and he lets us know that Bitaxes are absolutely flying off the shelf because a Bitax hit a block a few weeks ago. Of course, that emboldens everybody to, actually run a Bitax. Hey. It happened to that guy. It can happen to me. Just to let everybody know, you're not hearing from Max right now because his home is absolute carnage, mate. There's yelling. There's hitting. There's throwing. There's screaming. And if past history is any indication of what's happening there right now, probably shitting and puking. That seems to be a pretty common theme from Max.
Can confirm. Also on Altair's dope on the Bitcoin mining scene, the BitDeer seal miner, a one, which we had spoken about in a previous episode, was canceled. They shipped what they made to their Texas facility to self mine. Now that Block and Auredean have some large scale production projects, it looks like BitDeer has serious competition in those lower tiers of manufacturers. Basically, what I'm saying by that is not Bitmain, not Whatsminer, not Canaan, the other tiers who have yet to yet to really prove themselves on production and and reliability and and deployment. But you can expect that Altair will be bringing the Block and Auredene Miners to retail to the Plebminer level. That's something that we appreciate about Altair is that he makes those strides to get those kind of machines in the hands of the Plebminer.
As a result, Bitmain's monopoly at TSMC, the chipmaker, is cracking at the seams. So that's exciting to see other manufacturers get a seat at the table. As far as chip manufacturing goes, it looks like more people are going to get to eat, if we were to channel Chet. That's all for the, altairtech.io update. Visit altairtech.io for all of your Bitcoin mining needs as well as parts. Ship breaks, fans go bad, he's got the stuff. If you wanna play around with other control boards, he is also one of the places to get a lot of these aftermarket control boards to fiddle faddle around with if that's something you're into. If you talk to Brian Maynard, though, he's not too happy with control boards. It burned up on his machines. So there is a risk there in, in aftermarket stuff. To remind everyone of the Ungovna Misfits solo mining project, the solo Sunday solo mining project with Demandpool helped out greatly with that, with their s v 2 implementation.
Urban Hacker wrote a nice clean script that enables people of our ilk to be able to get a a Linux machine and install your Provost's version of Bitcoin Core and mine on your your local network. So please, everybody, go to urbanhacker.net and check out our solo mining project. I would like to commiserate with more people on Sundays doing actually actual solo mining and generating our own block templates. Up next on Ungovernable Misfits action news, we've got our longtime sponsor, the Lake Satoshi Bitcoin Beach Retreat. I've decided to give Lake Satoshi their own set of intro music.
Who better to kick things off than Bob Seger, Michigan's own? Lake Satoshi this year was a absolutely wonderful experience, especially compared to last year where it was just Sarah and I. I'm sure it was a really nice getaway. We got to visit Carl's place and spend time with him and learn more about permaculture and regenerative agriculture. If you're a new listener to the show, Carl is another one of our our cast of characters. He's a permaculture enthusiast. He is a homesteader. He is a pleb minor extraordinaire. We have a number of episodes with him if you'd like to go back into our library. One called bad bunnies is a good one. We did one with Chet and Carl where we talked about, their value for value trade in, mining machine for foodstuffs grown on the on the homestead. Anyway, Carl is one of the the Michigan folks that's often at Lake Satoshi. It was good to see him. It was good to see Chet. It was good to see wartime, Shadrach, Pleb to Polymath, Chet, of course.
I got to meet Otis Bittmeyer and buy some of his excellent coffee. Mike, who who owns the operations there, bitcoin 101.io, really opens the doors up at Lake Satoshi and invites everyone in to be a part of what they've built there. It's a citadel. It's a headquarters for a community of Michigan Bitcoiners, but they open themselves up to the rest of the world. And there was international presence there because our our good buddy, SolEx, had attended the event. So it was wonderful to meet SolEx in person. You know, as mentioned earlier on in the episode, SolEx is the father of the.
He's been a a big part of my life the past few years. I even named it a cow that I bought after him. And to meet him in his person in person and get spend time with him and his family was just terribly rewarding, meant the world to me. And thank you to Lake Satoshi for providing the venue in the event where plebs can really get to know one another and and spend good time with each other. You know, on this show, we have gone at Ocean quite a few times and mostly from the perspective of privacy and that we didn't like their their filtering and that it made, you know, private transactions for technologies that we appreciate, like BIP 47 and Whirlpool, more difficult. But I got to spend time with 1 of the people in the ocean leadership team and see that he's a real guy. You know? He's not somebody in a video having a hard time breaking a a champagne bottle.
He's not this character, and it wasn't Luke, by the way. He's not this, this character on Twitter. He's this guy, and there he is with his his kids and his family. And there's our children playing together. And it softened my stance in a in a way, not on the organization, but just on people. And something we all have to keep in mind is just fucking people. All these folks are just other human beings that are really quite aligned with you, probably 99% aligned with you. And so thanks so much to Lake Satoshi for opening up their doors and allowing plebs even of different, opinions on a lot of these these Bitcoin y things to spend time with each other and get an understanding that, hey. We're all just people.
They've got a new date set up for the next Lake Satoshi event, and that is August 2, 2025. So everybody mark on your calendars now, August 2, 2025. That is the next Lake Satoshi event. This is how I feel on my solo mining project on solo Sundays. I'll put everything up on Twitter. Hey, guys. Look. Here's here's my, my terminal from my node. Look at this. I'm creating my own my own block template, s v 2, solo mining. Look at all this hash rate I'm contributing to to solo mining. Yep. Maybe someday I'll hit a block. Look. I did this. Look, urban hacker. Look, demand. It's very exciting, and then nobody responds.
That's the way I feel on solo Sunday.
[01:50:23] Unknown:
It's just quietened down for a minute here. So I'll respond to you so you don't feel like you're solo mining today. That bit where I was just muted was your description was so so close to the truth. The show goes on, my friend. Just carried that on your back solo. You solo mind this show. Solo mind the show. It's alright.
[01:50:49] Unknown:
You don't realize that how nice it is to have somebody to bounce things off of, though.
[01:50:53] Unknown:
Someone chubby, easy to bounce things off.
[01:50:56] Unknown:
Oh, yeah. Right. Not for long, my friend. Oh, no. Let me tell you. I'm already making gains. You know, you you gotta keep me going too. Really lost a lot of
[01:51:06] Unknown:
gusto. But your mustache makes up for it.
[01:51:10] Unknown:
Alright. That won't work out then. Unbelievable.
[01:51:13] Unknown:
I almost think that being a really fat mess sort of adds to it. Do you know what I mean? Like, you can really pull the moustache off just being a fat mess. I daily smoke a cigar at the same time. Oh, well, that gives me some life goals. I can achieve the fat mess part. That's easy. That I can do. Yeah. I can do that very well as well. I can't grow a mustache like that, though. Hey. Don't count yourself out. No. I haven't got it in me. Just haven't got it in me. You're too,
[01:51:38] Unknown:
too Anglo. I think so. It's gotta be Maybe too young as well? Oh, yes. Because we all know that you're basically 19 years old forever for the rest of your life.
[01:51:48] Unknown:
Peter Pan. Yeah.
[01:51:52] Unknown:
Max, are are you able to talk for the next 5 minutes? Because we're about we're about to close out the show. Ish, maybe.
[01:51:58] Unknown:
I can hear rumblings, but let's try. There are some themes in this episode
[01:52:02] Unknown:
about getting to know people in real life, about bickering on Twitter. We've talked about this a lot over the past few episodes. I don't want things to be like this. I just wanna cooperate with other people and talk about Bitcoin and talk about freedom, talk about sovereignty and empowering individuals and empowering families. And we often don't talk about that. We talk about a plus minus 0.5 percent payout. We talk about Monero versus lightning and misrepresent both sides. I'm I'm not picking a side on that particular fight, but I don't I don't feel that way coming back from Lake Satoshi. I felt very, very hopeful, and I think a lot of people need to make an effort to get out there and be with other people. It doesn't mean that Max has to go to Bitcoin conference in Nashville and show his face. It can be these small micro interactions with people in real life. Phone conversations. That's like we'd like the call.
You get to have that instant back and forth. You can hear somebody's tone and inflection in their voice. I also feel like people are just more antsy
[01:53:10] Unknown:
and aggressive at the moment. Mhmm. It's like that time in the cycle. I think a lot of people who are potentially overleveraged or, like, riding on the idea of having some sort of gains puts them on edge, and then they get a bit comfy and attacking people and all that kind of stuff, and people kind of forget that, like you said, we agree most of us agree on, like, most things. Mhmm. Most people, you have more in common with than your average person in the street. So, yeah, when you're in person, people are a lot more respectful and kind of decent. It's also like you said, it's difficult when someone's writing something as well to quite gauge how they're writing it. Like, you can't always tell how much of it is tongue in cheek, how much of it is just for engagement farming, all that kind of stuff. Like, well, how much of it that they're actually, like, genuinely being a dick? I think most of the time, they probably don't. And a lot of the time, people are just wrong. We've mentioned what Mehdi put together, and we're gonna have the link in there. I'd be pretty shocked if more than 1 or 2 people actually click on that and actually read it and actually look at the statistics. They're just gonna go, I like this person. They say this thing. I'll go with that. That's kind of how it works. Recently, we've closed out the show with, like, a a little editorial
[01:54:32] Unknown:
that I've written. Sometimes the editorials haven't even related to the the show whatsoever. I just want to express my feelings. Well, thank you very much. I think we've had some compliments on them, especially the boosts. A lot of people had mentioned the warriors, and that was the title of the last one. I don't have a title for this one, but it goes like this, hour. And by hour, I mean, like, this ungovernable misfits who listen to the show, read the website, buys our gear, interacts with us on social. That's the the royal hour. Our interactions with one another are physically disconnected. As a result, it's easy to find ourselves trapped in the trenches of petty conflicts, missing the larger picture.
Not until we take a step back, perhaps take a weekend to spend with each other, do we appreciate the importance of real physical connections. The forces we compete against like it this way. It's nothing new here. We've done pieces in the past like this called divide and conquer, don't be a pig, where we highlight the importance of staying strong by resisting manipulation, by resisting distraction. We find ourselves in a wasteland of endless arguments and superficial interactions, but we don't belong here. We belong in communities where trust is built face to face, where families and neighbors come together not just online, but in real tangible ways. By fostering these connections, we can resist the forces that seek to divide and weaken us. The environment feels rusted, corroded, sometimes ruined.
It's not, though. Turn away from those distractions and engage in the world around you. Rebuild the trust that has been eroded and fortify the connections that sustain us. Let's participate more often in events like Lake Satoshi. Let's come together more as families and communities. But first, let's start with intellectual honesty, truth, and sincerity. I like a good troll just as much as the next guy. I, myself, though, leave it to the credentialed trollers like Greaser and Palmer. But even in their trolls, they're still intellectually honest, and at their core, they're sincere.
I think if we challenge one another from the perspective of ascertaining truth, perhaps we can avoid week long spats with one another about the technical details between Lightning and Monero or pointing out obvious flaws in Bitcoin mining centralization and appointing yourself as the savior. Ascertain truth, not likes because likes are the biggest shitcoin out there. Call truth the power and foster and build strength amongst your community to empower truth over power. Beautiful. Can I name it? You can name it. We don't belong in a wasteland. No. We don't. This is a good song, man.
I listened to it, like, 10 times.
[01:57:14] Unknown:
You know when I had my thing that was a real problem, like, 6 months ago? Mhmm. I listen to this a lot. Mhmm. I get you through that. Yeah. Yeah. It's good. It's like an emotional soul. And
Max, we got a very Mongolian episode today for everybody. Oh, really? Yeah. It started out like this. I'm a big fan of Mongolian throat singing.
[00:00:13] Unknown:
Hey, listen. You'd know that about one. You love throating Mongolians.
[00:00:21] Unknown:
The whole tribe, whole golden horde. Welcome to Uncomfortable Misfits action news episode 7. Oh, it's gonna be a horde of horseback raiders riding through the Mongolian Steppes.
[00:00:35] Unknown:
Intimidating.
[00:00:37] Unknown:
We'll probably just talk about mining a little bit. I'd imagine so. It doesn't have to be dramatic. Bit of the hacker. Oh, what is that? You ever watch rugby? Oh, no. Oh, no. That's gay in English. Oh, we've got the greatest sports in the world here. Why would we bother with rugby and crickets?
[00:00:52] Unknown:
Okay. Have you never seen the All Blacks do that, like, dance? That's that's racist,
[00:00:59] Unknown:
first of all.
[00:01:01] Unknown:
Let me send it to you. All Blacks. Okay. Hacker.
[00:01:08] Unknown:
You fucking retards. Now is is this like the the, the Maori? I have seen that actually with the tongue out. Now we're gonna have to. It's a great way to start the show. Really banging.
[00:01:21] Unknown:
Oh, let me look for something typing
[00:01:25] Unknown:
from Max.
[00:01:27] Unknown:
Alright. Let's stop the show, everybody. Sorry. Do you know what I just did? I don't know. What did you just do? I just turned my volume down because all I could hear was the, the rugby noises going on. So I turned it down, and I realized I turned everything down. So that's why
[00:01:43] Unknown:
Yes. I'm familiar with this. They're they're very intimidating. Know that thing? I know that thing. Yeah. It's quite intimidating. That's what it reminds me of when you were just playing that Mongolian music. I mean, think we need to get some of that back. Some of what? That fire, that passion, that, like, Maori, that The heck of that. Yeah. We need some of that. They look like, we're gonna fuck you up today. Mhmm. We're gonna kill you. Yeah. They're like £350 blokes, and you're like, yeah. Okay. Well, you This is a probably are gonna kill me. Yeah. That intro music was The Who, wolf totem. I think everyone should add it to their workout playlist.
[00:02:18] Unknown:
I actually have added it to my workout playlist.
[00:02:21] Unknown:
Wise man. And you're lifting more aggressively and more heavy and more intense, and therefore, your muscles are bulging, and you're full of testosterone and vigor. Yes. And you're ready to do the show. All of those things. All of the above. Let's give a little review what the listeners are gonna listen to on this show. We're gonna do some quick review on what a primary pool is. It's important to know in all of this talk about decentralization, well, let's look to see who the primary pools are. That might be a good idea. METI challenges, PPLNS tides payout pool on their assumptions on what their users are getting.
So I'd like to review how Medi came to that information and a little bit of the interaction between the parties involved on Twitter. Always beefing, isn't he? There's a he's oh, yeah. He's he's a big beeper. He says, like, 10 things on Twitter a week, and 99% of his posts are about ERCOT and energy markets. But every once in a while, he he likes to get his hands dirty with spreadsheets and data, the nerd.
[00:03:26] Unknown:
I heard that he does the hacker before he has his spreadsheets ready to get himself into the mood. He does the hacker, and then he's like, I will get these spreadsheets.
[00:03:35] Unknown:
Okay. I am ready. Let's do the spreadsheet. The fridge. Oh. There's a a website. I don't know if there's a website. A a GitHub, stratum dot work, that enables you to visually see the block templates and block template creation. Gives you a really neat perspective on who is sharing block templates. It's also quite pretty. It is quite pretty. Yeah. Usually, if you're one of those nerdy types, you could stare at it all day. Mhmm. We have an article from Alex on taking advantage of the coming capacity shortage or so he says.
I love Alex's perspective not only because of where he works and the fact that he he moves a lot of mining gear. He's a chatty Cathy, and he talks to a lot of people. I could see how his brain work. He's always, like, pulling information in from wherever he can. Sharp cookie. But we posted up an article on ungovernable misfits, and we're going to review that. I actually read it. Wow.
[00:04:32] Unknown:
That's, a new level of show prep. This is the new Max. I'm gonna expect a lot more of this kind of stuff from you. When I say read it, I got my computer to read it to me, but that's the same thing. Isn't it? For you, dyslexics. I think that's what you have to do. And you know what I liked about it? We'll review it properly, but I liked the honesty. It was very honest. Mhmm. Don't trust anyone,
[00:04:54] Unknown:
not even me. And I was like, good advice. There was a nice lack of hopium in there. Mhmm. Don't need any of that shit. Of course, as always, we are going to read a Bitcoin bugle article. Perhaps mining is going to incentivize the ladies to get involved. Altair is gonna come and update us on his view of the mining world. He's always got his hands in all kinds of stuff too. Whereas I I think, like, Alex will talk to people and get information and gossip. Mhmm. And Altair has got his hands in creating things and rebuilding stuff, and he Mhmm. He loves to connect with the tinkerers. So that's an interesting perspective he will bring to the show. And the biggest thing to happen to me in the past couple weeks was actually attending the Lake Satoshi event that we talk about all year. So I will share my some of my experiences there. We'll delve into it. What did I just say that AI always likes to say the word? Salts. Get into the wound. Get delve.
Do you feel I'm rubbing salt in into your your Lake Lake Satoshi wound, the gaping hole in your heart? Let's not talk about gaping on the show, but, yeah, it hurts. I was pretty down when I saw everyone having such a good time. I was like, fuck. I wish I was there. Yeah. You're supposed to live vicariously through us. I suppose so. We'll go in deeper on the next PMM episode as to what that means for community and my feelings about it, and I think we'll share some of SolEx's feelings and him recounting his experiences and spending time with Carl and, like, Satoshi because he's got an article lined up for us. But we'll focus it from the mining perspective. We had an Urlacher build there at Lake Satoshi, and people seem very interested in it. So we'll talk about that. But first things first, fire emoji,
[00:06:49] Unknown:
Sweating face. That's my favorite. Sweating face. Yeah. Fire emoji. Sweating face. Laughing face.
[00:06:58] Unknown:
Laughing crying face. For those who don't know, I I have realized in interacting with people outside of Telegram and Twitter talking about this show that sometimes we're way too inside baseball with, our personal connections with people. So if you're new to the show and you don't know who soulex is, go to the Ungovitable Misfits website and search PMM episodes, PMM episode 1. We explain who SolEx is. He's the father of the. He and his son did a wonderful recording explaining their concept of the mesh to del, and that has grown into something much, much bigger.
So if you need a little bit of history on the cast of characters, we should probably do some kind of breakdown on the website as to who all these characters are that we're talking about all the time. Solex is, in short, the father of the mesh del. Maybe we could do, like, what Or the mother. Has done. The mother. Oh, yeah. What came first, the chicken or the egg? I don't know. Souleks giving birth would be pretty funny. Were you gonna say something? Seemed like you were ramping it ramping up for something. I know.
[00:08:05] Unknown:
I was only gonna say maybe we could do something nice like Stratton dot work has done and have, like, a little color chart, like a trading cards type of thing. What was the cards called? BTC trading card? No. Top Trumps. Remember that game? No. You might be too old. Probably. You'd have different types of top trump cards. I always had ones with cars, and it would have the stats. So it'd be like a specific car, and then it would say, like, horsepower, naught to 60 off road capabilities. It'd have, like, different sections. You would split the pack. You might hold, like, particularly fast car that's, like, got a good naught to 60. And then you'd be hoping that the other person had something that maybe had more horsepower, but wasn't as fast. And then you would say whatever stat you think is best. And if yours is better than theirs, you take their card.
Whoever has all the cards at the end, you win. So you could have, like, mesh to Dell top trumps in a nice little spreadsheet. And so, like, SolEx would be like amount of love. 100. Yes. Very much so. Because no one has more love in their hearts than that man. You know? You could just have little things like that so people could see the stats of the people in the mestradel. This is a great idea and great for OPSEC too. Mustache skills, You'd have a 100.
[00:09:21] Unknown:
100, sir. Thank you. Incredible mustache. Yeah. I appreciate that. It was a big hit. It takes a lot of time to grow a mustache like this. It looks like it. Thank you for noticing. I feel noticed. Moving on in the show, we have our boost section once again to review things for new listeners, and I I think there should be a good bit of new listeners in spending time at Lake Satoshi and explaining what the Ungovernable Misfits ecosystem is. Lots of people are interested. So if this is the first time listening, perhaps you're listening on a podcasting 2.0 application.
Why podcasting 2.0? Why is that important to us? So a little bit of explainer, maybe you you'll you'll get it. Podcasting 2.0 is like a modern and enhanced podcasting ecosystem. So, historically, your podcasting apps relied on Itunes, podcast index, RSS feeds. However, you could get removed or suppressed from those RSS feeds if certain shows said the wrong thing. Podcasting 2.0 is is a new ecosystem, and it offers public replicable index that can be shared among listeners and app developers. Podcast 2.0 goes beyond indexing. It introduces an expanded namespace with a host of innovative features, including chapters for easy navigation. So if you're on fountain right now, you can hit the chapters button. I think it looks like a little, you know, little quote circle with lines in it, and skip forward to certain chapters and chapter headings. You can integrate transcripts for accessibilities, which I love this feature as far as podcasting 2.0 goes because I will say, you know, some sort of not a spat on Twitter or or Telegram or something like that, but somebody has a question.
And I think to myself, I know Max and I have spoken about that. I can now go through our transcripts and find exactly where we said that and make a clip. Podcast trailers for quick previews, personalized podcast recommendations, live streaming capabilities, shareable clips for social media. I like to use that feature a lot. And the value for value payment system to support creators. So that's what boosts are. We like the back and forth interaction that we get with boosts, and we like to read them on the show like we are going to do right now. This episode in particular got 318,000
[00:11:44] Unknown:
sets boosted, and that episode was action news episode 6. Yeah? We almost need, like, a separate show just for our boosts, Like the one we've just done. Mhmm. I was like reading through that. It took me in a half the evening just to read through our boosts.
[00:11:57] Unknown:
Yeah. It's almost not a bad idea. Just like a separate boost show. Mhmm. Separate boost show where we on this show, we read maybe the top, you know, monetary boosts, and then have a separate show. I don't I don't know. I'd Yeah. Because that's what I've been doing on the
[00:12:12] Unknown:
I always forget the name of literally my own shows. The confab or Bitcoin monthly? The con the confab. Do I do top 10? I think I did top 10. Otherwise, it's, like, takes especially when it's in an ad read, it's slightly different when we do it because we do it within the show. But when I'm doing it in an ad read at the beginning of a show, I don't want it to be, like, a 10, 15 minute section. People are like, fucking hell. We still not got to the actual show. Yeah. So that's what I've been doing there. They they've become accustomed to it with our shows. Mhmm. I like having it in the show because we can talk a little bit about it, but we are getting to the stage now where we've got so many people commenting. And it's always interesting stuff. So it's not like it's just like, hey. Thanks for the show or something like that. It's always like things we wanna comment and talk about. So it ends up taking, I don't know, probably what, a third of the show, something like that. Sometimes. Yeah. But, anyway, we love you. We appreciate it. We certainly do.
[00:13:08] Unknown:
You're up first, sir.
[00:13:11] Unknown:
Pies. 100,000 sats. Hot dog, man. Big dog. Bonus boost to make use to podcast. My most boosted on fountain warriors was my favorite movie as a kid. I'm an ungovernable warrior motherfucker. Yeah.
[00:13:32] Unknown:
What a warrior. A 100,000 sat boost. Thank you very much, mate. We appreciate that. And we know Pye as well, and and he works hard for his money. He doesn't have some office job where he's some little bitch sitting there jumping through a hoop Yeah. Pushing up the trust fund. Rent seeking. Yeah. Not him. He works for for every sat
[00:13:50] Unknown:
and for him to share those amount of sats that that's blood and sweat right there. Saying that if you are a little trust fund bitch and you do wanna send us sats, we don't discriminate. You can send them across. And although we internally won't appreciate it as much or really care as much, we will pretend we will take your sats with glee. So don't be put off, little trust fund bitches.
[00:14:14] Unknown:
Back to an actual proof of work working, man. We've got a lot more Pies boosts. Hey. It's Pies the donkey. Thank you very much, Pies, for all of your boosts, And he puts a lot of thought into them as well. And you can tell as he's listening, he checks that fountain app, and he hits the boost button and responds to something that we said. First one up, I'm ungovernable, bitch bitches, 100%. Clinky glass, mushroom smoke something, muscle gun, USA globe, peace and love. Next, he says the words load and query should not be used in the same sentence. Maybe not. We'll we'll check ourselves on that one. Mint jelly is fucking disgusting. Absolutely unacceptable for an ungovernable OG. Max, I may have to ban you from dirty Jersey. We don't mind mint jelly.
We we don't
[00:15:06] Unknown:
we don't do mint jelly out on the streets of dirty Jersey, son. It's like this bloke doesn't know I'm ungovernable. Do what the fuck I want, mate. Even in Jersey, I'll be having some mint jelly. Show up slathered in mint jelly. I'll put mint jelly all over you.
[00:15:25] Unknown:
Next, he says, I'm ungovernable and smoke non KYC, noncompliant cigarettes. Oh, Dick Greaser would love that. He would love that. I always hashtag warrior on my nostril workout posts. Remind me, John, there's a song I need to send Dick Greaser,
[00:15:41] Unknown:
which has some non KYC
[00:15:44] Unknown:
smokage in there. Oh, wow. I'll write that right down. Non KYC smokeage for greaser. Smoking fags. Oh, he loves he loves that that English funny talk that you do. He does. Smoking fags. That's my good greaser impression. Next, pie says, John, the outro is gangster as fuck, brah. Let's fucking go 100% muskull gun USA. He says, I love smoking weed, brah. John, pass the duchy on the left hand side. Next, he says, who's more of a silly, silly cunt? Peter McCormack or Compass Mining? What's a you?
[00:16:25] Unknown:
I would say Peter McCormack. They were born silly cunts. They were silly cunts from the very beginning, and he took them on as a sponsor and kept them on as a sponsor after it was already obvious that they were silly cunts. Like, even though if you meet a silly cunts and they're like, hey. Do you wanna, like, be friends and, like, do stuff together and maybe I could sponsor you? You'd go, no. You're a silly cunt. I don't want anything to do with you, mate. He had that opportunity, but he still took their money, which makes him even more of a silly cunt. Okay. That's fine. Next, he says, fuck those compass cunts.
[00:16:58] Unknown:
Max, I got your back on. Thank you, Peter. So, okay. That's fine. I mean, so says you. Max, I got your back, homie. They fucked me over a few years ago. Fuck them.
[00:17:10] Unknown:
Yeah. Fuck them.
[00:17:12] Unknown:
2 new listeners of the show. Compass Mining is a hosting service that fucked a lot of people as, mining facilities were shut down in Kazakhstan and they couldn't get miners out. Power purchase agreements that they made with different people, different facilities around the country fell apart. Some Russian miners went missing. Yeah. Yeah. That was once in in Kazakhstan.
[00:17:35] Unknown:
They're just goofballs. I'll push back on that a little bit, mate. I would say that, actually, they're very good at hosting, but they're very good at hosting your SATs, not your machines. Boil.
[00:17:47] Unknown:
Hosting your SATs. New tagline for Compass Mining. If you want to host Don't do it there. Yeah. Don't do it there. I think, I've recommended on the show before. I think their website is hash branch. It's like a review service for hosting. But better off to reach out to people in our sphere and talk about hosting if that's something you're interested in. Or just don't do it. Or just don't do it. Yeah. Well, read the article from Alex, and you'll learn a little bit more about the hosting game. Next up for Pies, he says, I've also temporarily folded until fall. Then it's balls to the wall once the cold hits. Yeah, I'm there. I turned 3 machines back on and, I can't wait for the cold as well. I love that. To me, it's like free it's free sats Mhmm. When when you heat your home with mining. And I've been at was asked by somebody at Lake Satoshi, like, why don't you talk about your own setups?
And, Max, throughout the years, you know all these different setups. I send you pictures of my personal life, and you've you've seen it. And I don't talk enough about it on the show, and I don't know. Maybe I'll start once I get something really cool to talk about. It's just that we've been telling everybody's story for so long. I don't know. I don't often think, about sharing my own setups.
[00:19:01] Unknown:
I don't know. I think it's quite that's the bits that I find the most interesting with mining is, like, seeing people's clever ways of getting around the fact that it's fucking close to impossible to mine profitably on a small scale. That's the bit that I find it. Because that's, like, the most innovative stuff comes out of these. Like, okay. I've got this problem, which is it's really fucking hard to be profitable. So we have to use some of the heat to offset some of the cost, and how can we do that. And to me, that's the most interesting. It's like creative ways to fix a problem.
[00:19:37] Unknown:
One thing you and I talked about it, and and now that you're you're transitioning to to be a female no. To be transitioning to a new part of your life is that we're gonna do more explainers as to what our shows are. Yes. As far as action news goes, we cover mining stories from somebody with a bit axe underneath their desk to a large mining facility to when we do we're heavy into our base load updates, what the energy markets are doing, the fact that a new nuclear power plant in Georgia is built at Vogtle 34, we're all the way across the board talk about all levels of Bitcoin mining. But our specialty and has been from the beginning is sharing stories of the plebs, of the pleb miner, the the creator,
[00:20:23] Unknown:
the scrapper, the guy in his garage, the person heating, you know, their home with Bitcoin mining and just barely eking by. Well, those are the most compelling stories. I saw one on Twitter earlier today. I almost sent it to you, and then I got distracted. Someone who'd obviously taken a load of, solar panels that we're gonna be thrown out. They're just in the back of the truck. Mhmm. I was like, yes. I love that sort of, like, not thievery, but it's like getting shit that other people don't want and then turning that into sats when it literally would be junked. Things like that just really I don't know. There's something piquy about me where I just really enjoy it. But don't we all fantasize in a way about,
[00:21:02] Unknown:
you know, apocalyptic dystopian stories? You know, a a lot of us like the A little bit. The Mad Max stories, Walking Dead kind of stuff. So to me, it's like, well, that's what I would be doing if the world were to end and there was an apocalypse, because I'd be sourcing broken solar panels and Mhmm. Trying to get this network back up and running and mining. Yeah. And last but not least on the pie's boosts, he says, I can't make it this year, obviously, to Lake Satoshi, but hopefully next year I can. I'll be there in spirit with you guys' clinky glass. They're gonna do it again, are they? Lake Satoshi is going to do it again. Yes. We'll have to fast forward in the show notes here because we'll talk about them at the end, but I do believe, and mark this down in your calendars, folks, August 2nd 2025.
[00:21:48] Unknown:
That's gonna be right in the middle of the bull run. Everyone's gonna be balling out, arriving in Lambos and helicopters. Bifrost is gonna be making people these special. What do they call them? Human being single person flight devices or something like that? Not manned drone. Human human drones. They're gonna be people gonna be flying in with their human being flown drones.
[00:22:14] Unknown:
Well, how we trip over ourselves to be politically correct. Yeah. It's gonna be great. I might even make it out there if the ball runs big enough. No. Don't tell people out here. You know how many people come, where's Max? Max should be here. Max. What about me? What am I top liver? Yeah. Yeah. But yeah. But he's English. So He's English. A lot more interesting.
[00:22:33] Unknown:
It's gonna be such a fucking disappointment when I finally get out there. Yeah. Yeah. I think so. Unedited Max. What a fucking retard. You've paused because it's me reading, isn't it? Yeah. Yeah. That's why. Sorry, mate. It's okay. Late stage HODL, 55,555 sats. Keep up the good work, gentlemen. After you mentioned my typical boost amount, then I felt I must keep up the pace. Yeah. Psychology is working here, mate. Nothing better than public shaming, but times are tough. I reduced the amount the last time after I looked at total amount I've sent over time. Laughing face, shocked face, shooting star, love like the Chinese people do. You know what they do with their little hands? Yes. But I appreciate the hell out of y'all seriously.
I look forward to these episodes each month or whatever the cadence is nowadays. Avatar.
[00:23:35] Unknown:
Son of a bitch. You son of a bitch.
[00:23:40] Unknown:
Thank you, late stage huddle. Thank you to your 55,000 sats and your avatar. We appreciate you, man.
[00:23:49] Unknown:
Hey, late stage huddle. Please don't feel like you you're held hostage to boost 55100 55,555 stats. You're certainly, not 5 sets is, is appreciated
[00:24:02] Unknown:
as well. Yeah. We don't hold you hostage on that. You do what you need to do, mate, or don't boost us at all if you don't need to. But, we won't think less of you,
[00:24:14] Unknown:
but but we will. You said it, not me. I said it. You trailed off on purpose. You you had me hooked. You know what you're doing. I too checked my overall fountain boosts, and I have boosted even though we receive a good amount of boosts, I I have boosted much more than I have received on fountain. And as podcasting 2.0 grows, well, I feel inclined to to keep supporting these other shows, you know, as as Grieser and and, Rob Palmer say the intellectual Silk Road, you know, the non PodConf approved podcasts. So I feel inclined to support Rock Paper Bitcoin and the the Bugle podcasts because they're such great supporters of ours? The intellectual silk road. That's what they say. They come up with all kinds of stuff. So who is the intellectual silk road?
I don't know. Ask them. They've lost them. Greece Greece has an article on on bugle.news.
[00:25:11] Unknown:
You just know that whoever the intellectual silk road is is gonna be the most retarded
[00:25:17] Unknown:
in the podcast scene. Yeah. Most retarded, but somehow
[00:25:21] Unknown:
the most poignant. Most honest, maybe. Mhmm.
[00:25:24] Unknown:
We say what we feel. Next up on boost is Rod Palmer himself, and he puts a a green box, which I assume that to mean some kind of n g u type signal, bull run. Oh, yeah. We're entering the bull run. Yeah. Something like that. Richard Grieser did not appreciate Max funny talking about America. Letting it roll off my shoulder, though, Max is a fag, and we just have to accept him for who he is. Great to hear a Rod Palmer story on the show. He has been engaging in some very important work. He just called you a cigarette, buddy. You gonna take that from him? Yeah. I probably am, to be fair. Thanks, Doug Greaser. You sent us sats. You can call me what you want. I like a dirty talk. I gave you sats, and now I get to call you names. You like it, dirty boy.
[00:26:13] Unknown:
I don't think there's a name anyone could call me that would bother me as long as they sent sats with me. With it, try it. Think of the worst thing that you could say to me and send me some sats and see if I get offended. John's digging deep here. Oh, there's gotta be something I can fucking make this cunt cry, little bitch.
[00:26:35] Unknown:
What if I called you Craig Wright? It's fine.
[00:26:38] Unknown:
Okay. How long did you send me sats?
[00:26:42] Unknown:
What if I sent you Bitcoin Cash? That's fine. I'll just convert it. Oh, shit. Man, you're so easygoing.
[00:26:48] Unknown:
Yeah. Yeah. As long as you send me money, do what you want. It's fine. Okay, pretty boy. Here it comes. Here's mint jelly all over you. Seed oil infused mint jelly. Of course. Seed oil is the best base.
[00:27:10] Unknown:
Next up on boosts, we have Chet. And Chet's name is we all eat, and you'll often see Chet, say we all eat. Hashtag we all eat. And I know what it means, because I've known Chet for a long time, and he's explained his his, his theory on life and Bitcoin. But I said perhaps people would like to understand what we all eat means. And he says, sure, John. I'd I'd be happy to explain that to you. And he said it just like that. Sure he did. Sure, John. No problem. He says on a sat standard, there is no more corruption within the money, and everyone plays by the same rules. On a sat standard, everyone in the world is able to eat. Or when I win, everyone around me wins and gets a seat at the table, and I spread as many sats as I can around my circle. Globally, fixing the money fixes the world. On a sat standard, everyone gets to eat. Everyone has basic human needs met. From there, it's determined by how much proof of work you want to do that determines how much you eat. He said that sweetheart. Too well and so eloquently, but his boost says, binding is for fags and retards, l m f.
The two sides of Chet.
[00:28:32] Unknown:
He's so sweet but so mean. Uh-huh. He keeps you guessing. You never know who's coming. This is why the ladies love him. This is why I've lost Hash Latette
[00:28:43] Unknown:
to him. Yeah. I heard about that. Yeah.
[00:28:45] Unknown:
I get it. I mean, I can understand. First of all, she's listened to the disgusting story about my cheese fee. And as I had to say, I was thinking, what the fuck are you doing? Like, what This is the term. You what were you doing sharing that with the world? Yeah. And then she's got Chet with the hot and cold, and he treats her mean and then, you know, keeps her keen, and she doesn't know quite what he's gonna do. It's a turn on. And she's got that all fucking and she's gone, no. I'll go with this guy. Mhmm. Sitting on his s nines. Dirty, dirty boy.
[00:29:18] Unknown:
Mhmm. Next up is fundamentals from said previously said rock paper Bitcoin podcast. Fundamental says, I need Scalzo to meet subway guy and hear them watch them frustrate each other to death. I think I think that could be arranged. I for those for those that don't know that if you missed this episode, there was an article written in Bitcoin Magazine by a guy named David Scalzo. David Scalzo. It's me, David Scalzo. The thesis in this article was that HODLers should pay miners for the privilege of HODLing. Completely not understanding the basic foundations of Bitcoin,
[00:29:54] Unknown:
you know, but David Scalzo, of course, he's he's a dirty mafia kinda guy. You want me to hold your sets for you? I'm gonna need you to pay me. These miners, they don't run for free. You know? He'll host your sets. I'll host your sats for you. How about you, subway guy?
[00:30:11] Unknown:
What can I get you? You need me to host host some sats for you? I don't need you to host any sats for me. You're the one that owes me the sats. You know what I mean? I want all the stats, and I want you to hold them for free, because that's what you're supposed to do. You turn your little machines on, and they make a big whirring sound, and you get paid for the block reward, and you get paid for transactions. And that's just the way it is, buddy.
[00:30:43] Unknown:
I think Scalzo would win. I think Scalzo
[00:30:45] Unknown:
would be carrying, and he would put him out of his misery. Well, I also imagine Scauzo to be more fit. Mhmm. You know, those mafioso, they gotta wrap up a guy every when out and again. You know what I mean? Keep up their cardio. Sure. I heard you weren't paying you your huddle fee, dear fat fat fuck subway guy. We don't get paid in seed oils.
[00:31:05] Unknown:
I heard that the mafia slip seed oils into olive oil and that you never can really know how much percentage of olive oil you're really buying, and apparently, it's quite a big problem. Hey,
[00:31:18] Unknown:
Don't you say that? You know you know who's a, an olive oil expert? He's my sweet lovable Bart Maynard. He knows everything there is to know about olive oil.
[00:31:29] Unknown:
Why does he have such a weird and ranged group of in I can't think what the word is. Like, an eclectic Eclectic. Yeah. He has an eclectic group of interests. Mhmm. They're so fucking weird and varied.
[00:31:45] Unknown:
He has an olive oil subscription. Does he?
[00:31:51] Unknown:
Yeah. Is that to manicure his little hooves? Soft.
[00:31:56] Unknown:
He dips Hey. My them both. Hooves. Extra virgin olive oil for his little hooves. Mhmm. Nothing but the best. For my little barn. Yeah. We'll have to maybe he'll maybe he'll do a, a write up on on Governable Misfits about olive oil. It'd be good to know. Expose David Scalzo and his olive oil scheme.
[00:32:18] Unknown:
Yeah. His extra slutty olive oil. No one wants that. No. They don't.
[00:32:23] Unknown:
And moving on, we have a boost from mister mister. He says, I am a warrior, warriors of Genghis Khan. Bad news. 1987. He says, I will smile to myself whenever it plays. Well, we'll play a little bit of it for you there, mister mister. I hope that made you happy, and thanks for your many, many boosts.
[00:32:57] Unknown:
Just had to drop and do some press ups. Got me all psyched. Yeah. We got the Who playing. We got this bad news band.
[00:33:03] Unknown:
I'm fucking pumped. Let's go. If anyone wants to stop the show and do some push ups, go ahead right now. You know, Pies is probably doing pull ups. While he's doing some pull ups, I had a question for you. You know, in
[00:33:15] Unknown:
our groups, you've got this little, like, bot where you play music. Yeah. I tried to I've never used it before for all the time that you've had it running. I've never used it. And I tried today. I was like, how do I play this jukebox thing? Can't work it out. What do I do? How does it work?
[00:33:32] Unknown:
Oh, well, it is a, clone of the Node Runners FM radio jukebox, Telegram jukebox bot. And I believe that you can go to Node Runners FM. Let me check that real real quick.
[00:33:46] Unknown:
I don't I don't wanna get this wrong. I was sending John some music over the weekend. He was just randomly. He was like, hey. What sort of music do you like? What's your favorite color? What tunes are you really liking at the moment? And so I was sending him different bits, and then he was adding them into the jukebox. And I was like, oh, I actually like that song I just sent him. I wanna just listen to that, but I couldn't actually play my own song.
[00:34:11] Unknown:
Isn't that right, John? I'm still looking for the proper Node Runners FM website. I mean, you can go to node runners dot network. But how do I play it in the in the mesh to do? Well, it's in it's in the PMM Telegram group, by the way. PMM. I'm really sorry. I'm really sorry, node runners radio. Maybe it's node runners radio that I I I don't. Because I I'd listen on their Telegram channel, but they also stream it on their website.
[00:34:36] Unknown:
If you add it on PMM, then There it is. That just links to what they have on their radio. It's the same radio. So when we add a song on PMM, it goes on the Incorrect. Uh-huh. Yeah. That that is not the case.
[00:34:48] Unknown:
Oh, okay. Okay. So it is a Telegram bot that the members of the Node Runner's crew designed that you can control Spotify by doing commands on Telegram and paying for this privilege with sats. Right. That's how this works. So you have a jukebox bought lightning wallet on Telegram, and that's how you pay out the sats. So if you were in the group, you can add sats to your wallet yourself, or I will add them for you using the DJ command. And then once I've loaded you up with sats, then you use the slash add song title song name command, and that will ping the Spotify account to put that in the queue to play next.
That is how all of this works. And thanks to, the Node Runners for all of the time and effort that they have put into getting this bot to work. It's another one of their community building things. I I I find it very helpful in our Telegram groups to be able to play music with one another. You get to bond over that. And so thanks a lot to the Node Runners group for for creating this. And by the way, if you want to listen without playing songs, just see what's going on in that in that Telegram group. You can go to radio.noderunners.org.
[00:36:14] Unknown:
Okay. So I can't play any of the music
[00:36:18] Unknown:
that's added to the jukebox unless I first load up some sats. Correct. Yeah. The shit ain't free. Okay. Fair enough. I take some of the sats to pay for my Spotify premium account. Okay. And then I send the rest of the sets to the node runners, jukebox devs.
[00:36:37] Unknown:
Hang on a second. So someone who doesn't have Spotify, but does have telegram could In theory, if they have sats, they can listen to the jukebox, which is connected to your Spotify premium. Mhmm. And they can listen to the songs, even though they don't have Spotify, they can listen through telegram. That's correct. Yeah. To your Spotify. And they could then choose to add songs even though they don't have Spotify by doing that command. That's correct. Yes. That's actually pretty cool. Okay. Go into the node runners radio
[00:37:14] Unknown:
Telegram group and play songs with them. It's just like walking into a different bar, getting on the jukebox, rocking out with people.
[00:37:21] Unknown:
Okay.
[00:37:21] Unknown:
You anybody can add this to their Telegram group as a matter of fact. Okay. Yeah. I like that. It makes sense. Run a Telegram group of of some close people and you like to listen to music, contact the Node Runners Radio, Node Runners FM group, and they can teach you how to add this to your Telegram group. Does it ever stop? Like, is there something playing now in PMM? Stopped right now because we are recording.
[00:37:47] Unknown:
Oh, it only stops when we record because you need the okay. But when we stop recording, if I loaded up some stats and I went on to PMM, I could then listen to the jukebox.
[00:37:58] Unknown:
You can listen to the jukebox. Yeah. And when someone adds a song, does it stay on there forever and it continuously goes round the amount of songs that anyone has ever added? Only if I manually add them, which which I generally do. Okay. I'll I'll go in and kinda comb through Telegram and see what new songs people have played. We we have, like, 35 100 songs on our our playlist right now. Okay. So if it's not been played before, I will add it to the background playlist that Mhmm. That shuffles and plays when people aren't actively choosing a song. I like it. We provide a lot of community building stuff in Ungovernal Misfits. It's it's not just a website. It's not just a podcast with different shows. It's not just art. It's not just clothing.
I feel like it's
[00:38:43] Unknown:
some sort of movement, a a community movement. It does feel like that. It's organically growing. It's growing in directions. I don't even know what the fuck is going on. Like, I just had to ask you about the jukebox. I didn't really understand it. I've sort of known it's there. I'm like, they're doing a thing with a jukebox. Haven't really had time to look at it. And yesterday, I had time. I was like, oh. It's only been around for, like, a year. It's not No. No. Big deal. And now I know. You see, it's just stuff. I learn something new every day about ungovernable misfits. This is part of this transition.
[00:39:12] Unknown:
You're gonna be more with it. 1 of us who is with it, one of our good community members is Bubba. He says we have a winner, referring to Lake Satoshi giveaway, where we had to guess how many miles he and his his lady driven over the road. He says we have a win winner, sort of. First, let me say, good show, boys. You didn't stink up the joint. That's a high compliment. I praise. Mhmm. That's saying a lot in the Bitcoin podcast arena. Entertaining as always. Now back to the winner. You were off by a ton, but you win. Me and the wifey do roughly 8,000 to 85 100 miles per week average. Somebody's gotta do the work, so few will. Enjoy the lake and drink 10 for me. I probably drank 2 the entire time, but maybe if you combined a bunch of people when you drank 10.
[00:39:56] Unknown:
85 100 miles a week. That's a lot of miles. Yeah. Those those team drivers, they they haul. Do they, like, one sleeps while the other drives?
[00:40:07] Unknown:
Yeah. Because you have a department of transportation restrictions on I'm sure you guys have probably worse restrictions on how many hours you can drive Yeah. Sleep, logs. We call it, like, a taco
[00:40:17] Unknown:
here. Mhmm. But you only have that on the trucks, like, you can get away with it with, like, large fans and flatbeds and stuff like that. Yeah. Yeah. I can't remember how. It's not very long. I think it's only, like, you can drive for, like, 4 hours, and then you have to have a break of an hour or something like that. And then you can drive for a maximum of maybe it's 8 hours or 10 hours within a 18 hour period or something like that. So Yeah. They just switch between the 2 of them. Smart. I think we have a couple truckers in in the audience.
[00:40:47] Unknown:
Bubba, I think there's another guy called Mike, eater of steaks. I believe he's a trucker as well. We probably have quite a few truckers. So if you're listening to this, get on your favorite podcasting 2.0 app and boost us some of the details on, different DOT restrictions on driving.
[00:41:04] Unknown:
8 Myth Ranvir. We are the warriors. Expatriotic. Blind boosting. Sounds dangerous. Am I right in saying expatriotic was coming out to Lake Satoshi, or have I got that confused? No. He he didn't. Okay. I don't know why I had that in my head. Okay. Well, he he he was he was traveling. Okay. He was traveling. Yeah. Because I I'm sure I saw that. Okay. Wartime. The ending gave me chills. Warriors, fire emoji, fire emoji, heart emoji, crossing swords emoji.
[00:41:38] Unknown:
Yeah. Yeah. Wartime. Once again, that's the Lake Satoshi guy. Good times with him. Terrible blow. Super good dude now. One of the worst. You're not saying it this time. That's my dude. That's a good man right there. One of the worst.
[00:41:53] Unknown:
Next up is Bonn. Molotov cocktail, Molotov cocktail, Molotov cocktail. That's not a Molotov cocktail. Don't try and It's intend it's intended to be. It is not. Ask him. Let's ask Bonn. Is that supposed to be Molotov cocktail? It's not. Look. You're like the media sort of changing things to make him look like he's dangerous. Yeah. That is a champagne bottle being popped. That's That's good. That's a happy, celebratory, upper middle class gentleman popping a bottle of champagne. That is not a Molotov cocktail.
[00:42:25] Unknown:
See, I'm I'm getting that because his boost says Misrepresenting you. Warriors, come out and play.
[00:42:34] Unknown:
Now when you look at it, reread it after Mhmm. The way that you just read that. Lots of champagne bottles and little handy little sideways hand action, and then 3 more champagne bottles, little sideways hand action. It could be, warriors come out to play. That could be Bon.
[00:42:53] Unknown:
Popping champagne. He's popping something. So all of these references to warriors are because in the end of action news episode 6, we had a little little piece called warriors. And a lot of these people are referring to warriors the movie. Never seen that. Came out in the late seventies, early eighties type time frame, and it was about different gangs, street gangs, and they fought. You had, you had the warriors. You had, baseball furies. These different gangs that dressed up, you know, and there was a lot of fighting. So that was one one of the gangs in the movie. It says warriors, come out and play.
Like, they were gonna have a big gang fight. So doesn't that seem the more like Molotov cocktail than champagne?
[00:43:39] Unknown:
It does now. Now now you give it that context. Yeah. You gotta you gotta Sorry, Bong. I take that back. You're not actually giving a hand drop to 3 champagne bottle protein. No. Gentlemen, you're more likely to be throwing a a Molotov cocktail.
[00:43:58] Unknown:
Next up is Solex. Get Rev to buy Frost as an external consultant. They can do a whole line of dryers, the hydrators, etcetera. I agree. That coral, he he comes up with all kinds of neat inventions. If he could do if if we could do some kind of, like, a pleb internship program at Bifrost where somehow we were, like, able to raise money so people could just go to Bifrost and share their creations and their thoughts and have access to the facilities and 3 d printing and scanning and welding and fabrication, all this stuff, what, innovations would come out of there. Good idea. Hard to imagine. It's not hard to imagine given who who Bifrost is.
[00:44:44] Unknown:
No. What I'm saying is hard to imagine what would come out of it. Oh, yeah. Yeah. Definitely.
[00:44:49] Unknown:
Cool shit. Next up is Pleb to Polymath. Pumped for Lake Satoshi. Hope to meet a few more ungovernable misfits. And, yes, we had a wonderful time. Thanks, Club to Polymath. It was good spending time with you again. I met him there last year, and, he's in all of our groups. Super cool guy. Got to meet him and his wife and his kids and talk about cows and taking cows to market and how much you should charge for beef. Wonderful conversations with him. After that is vague. He says action sexy news at 6. Oh, we should do some sexy news.
[00:45:20] Unknown:
It's always sexy news with us. Indeed. Mister mister, please consider asking your paid editor to normalize before uploading. Seriously, dot dot dot. Some of us listen without easy access to volume control in a speedy manner. Smiling face, Avatar.
[00:45:39] Unknown:
What have you got to say about that then, John? Oh, it's somehow my nope. Nope. I mean, you do whatever you do with editing, and he's probably right. Fine. We no longer have a paid editor
[00:45:51] Unknown:
because we are poor, and I'm an artist. Yeah. I need to do things myself. Now any editing complaints that you have, mister mister, just boost them across, and, I'll read through them. But it will be me who you'll be complaining at, not a paid editor. Just me slaving away. Yeah.
[00:46:11] Unknown:
Hours and hours. That's that's the rule. Days. You are severely autistic. Yes. Next up is Phomatronic. He boosted with no message. After that is brother, a b I l e. Ungoveled misfits came from Max and q and a's privacy tips, technical expertise, and pled minor advice. Stayed for John's accents, impersonations, homemade jingles, and chicken roasting recipes. Keep up all the great work, and God bless. Thank you very much. Appreciated the kind words and the shout outs, my brothers in Christ. I'm sorry Max had negative experiences in a Christian setting at the hands of misguided fools. Unfortunately, that's too common a story. You don't need any man's approval to get right with the Lord. Keep your prayers up. You guys are doing great work. Thank you very much, brother a b I l e. Maybe someday, he'll he'll let us know what that stands for. How about that, Nabooz?
[00:47:01] Unknown:
Let us know what a b I l e. Yeah. And brother Abel, you'll be pleased to know I've been keeping my prayers up as you put it. Q and a. Good morning, Nosta. Coffee. Latest, noster.nprofile. The fuck does that mean? Action news is upon us. Go check it out. Don't forget there's still time to get questions and topics requested in for the next monthly show. Max and I record 27 hours from now. We're so specific. 27 hours from now, what burning Bitcoin questions can we help answer? Obviously, no longer relevant because that's already been answered. But if you have any questions for this month, which we're recording in about well, actually, as this show goes live, we're we're recording it, like, the next day. So any questions, get boosting.
Q and a will answer them, and I'll sort of nod along. Shadrach, British butter boost.
[00:47:59] Unknown:
Okay. I just wanna interrupt you for a second. Say something about Shadrach. That's a good dude. That's a real good dude. We're at Lake Satoshi, and I wasn't able to bring Sarah. Our oldest wasn't able to come either, so I had a 9 year old and a 5 year old there.
[00:48:20] Unknown:
And
[00:48:20] Unknown:
yeah. Crystal. Yeah. So trying to sell shirts, trying to talk to people about the Urlacher builds that we had set up and mining right right there in the facility, but also being a dad who wants to take his kids on a little weekend camping trip getaway and jump in the lake and swim with them and play and and cook and make food. People were just there to help out. When they see these kids, they they interact with them and they spend time with them. One person I want to thank in that is Otis Spittmeyer's wife who took our youngest for a good part of the morning to play with with her kids and to play with the the SolEx family. Thank you very, very much for that. That is much appreciated.
And also Shadrach, who could see that, you know, at certain points, I was frustrated, and he just took our youngest and hung out with her. And I look up, and there he is on a paddleboard with her, taking around the lake. They got on a boat together, and, he he just filled in as, grandfather for a couple hours. Papa Shadrach. Papa Shadrach, for sure. What a legend. Thanks, brother. I really appreciate you. That's,
[00:49:22] Unknown:
extremely valuable when you are surrounded by screaming kids and all you wanna do is actually meet some of the people that we get to interact with online all the time. Pretty frustrating. So taking that weight away just for an hour must have been, very
[00:49:38] Unknown:
nice. It was great. It really filled, filled my heart with joy. Just the wonderful people that were surrounded by. It's a blessing. Thank you. Shadrack
[00:49:46] Unknown:
use a 194,326, 266, 66 boosted with no message. Ex patriotic. You use a neutral. Fuck me, man. Do not use a blender grinder or beans. Get a burr grinder FML, man. Jeez. I had to stop mid brushing my teeth to to rage at someone on the interwebs. Proceed. Wow. Yeah. Expatriotic in his coffee. It really gets under his skin, doesn't it? It it does. Yeah.
[00:50:28] Unknown:
Sorry.
[00:50:28] Unknown:
Expatriotic at the moment, I am because we started recording quite late. I am drinking, like, not even warm, but not cold, just like tepid coffee, and it's a bit gritty as well because it doesn't really filter it very well. I don't know how you feel about that. Let me know in He's probably just I'm sure he is. I'm sure he is. I don't know what a burr grinder is. Well, you open the door again, so you're about to find out what a burr grinder is. I'm gonna find out. I'm gonna find out. Cyborg, smiling face, wearing sunglasses. Rewolf?
Haven't laughed so hard listening to a podcast. Thanks, gents. User, 2560-751087-5142, boosted with no message.
[00:51:17] Unknown:
We messed up the order, but I'll read this one anyhow. Like a park rules, the Urlacher kit is a game changer. One of the best things about Altair is they do not only sell the big boy miners, but they sell custom builds, conversion kits, and accessories. Truly a one stop shop. Not a paid comment. Just love the business model. And he also says, thanks for staying on the clip game. You're welcome. Sometimes I'm reliable. Sometimes I'm not. Like now, I don't have the statistics intro
[00:51:43] Unknown:
loaded up, so you have to wait. While we're waiting for that, we have about half an hour before carnage completely fucking kicks off here, just so you know. So what do you what do you wanna do about that? I'm just telling you so that you know that
[00:51:57] Unknown:
within half an hour, we will not be able to. Boost we just did a boost show? Yep. We just we did our boost show. Here here it is. It's just gonna be what it is, I guess. Yep. We'll figure out this schedule thing, I think. Yeah. Yeah. Up next on ungovernable misfits action news, we have our statistics.
[00:52:25] Unknown:
Stitchistics.
[00:52:28] Unknown:
Statistics.
[00:52:30] Unknown:
I'm a tell you the basics for hashing with basics Bitcoin mining statistics.
[00:53:01] Unknown:
Statistics. Is brought to you by LINK coin Mining, the LINK coin mining platform. Before we get to the LINK coin mining ad read, which is always so fun and informative, We have something to share from the CEO of LINK coin Mining, CEO of Load Big dog. PhD in electrical engineering, the fridge, laid down some statistics of his own recently on Twitter. I think if there's anything that's gonna get Medi necessary fired up, that is, numbers not being reported correctly. The guy has a PhD in engineering. You think he got there by not being a nerd on a spreadsheet? No. I imagine he's extremely good at spreadsheets. I imagine he is extremely good at spreadsheets as well. There's a lot of talk in Bitcoin mining about decentralization, and and that's a good thing. It's something we've spoken about, for years, as a matter of fact. That's one of the tenants, I believe, of Bled Mining is that we distribute hash rate around the world in in many different ways, from something small and seemingly insignificant as a bit x level hash rate with with 1 to, you know, 4 chips to somebody in their in their home running a full 400 amp panels worth of machines and using all that waste heat heat their garage, basement, and the rest of their home and and living space.
We believe in, we foster, we do everything that we can to try to decentralize the network, but we don't sit here and cash in virtues tokens constantly about it. It's like it's like, well, no shit. Everybody at this platminer level wants to do something and has been doing something for years to try to decentralize the network. But there's been a lot of talk about it lately. There has. People somehow taking that obvious observation to say that decentralizing the network further is a good thing. They make a lot of claims. Those that have a PPLNS payout system that recently rolled out their their version of PPLNS called tides have made claims that, hey. Our payouts are actually greater than FPPS. There's been a lot of FPPS FUD lately as well. I don't care. I don't care how you get paid out. The only thing that we've done in the show is try to I don't know. What what do we do, Max? Like, as far as FPPS goes, try to reveal that there's going to be certain trade offs of the type of pool payout system that you use, and that's essentially what they are. Trade offs that you make as a business decision.
That's how it's always been framed.
[00:55:38] Unknown:
It doesn't have to be some kind of, virtue signaling. I think we've just always tried to be realistic about the fact that people don't do this just for a laugh or for virtue tokens. And at the end of the day, this is a business. People do it because they want to earn sats and they want to actually survive rather than die. So it was kind of obvious, but, you know, that's, I think, what we've been trying to say. And then Mehdi, I think, points out very well in a way that makes it difficult for me to read. I looked at that chart for quite a long time, but for anyone smart who knows about spreadsheets,
[00:56:15] Unknown:
take a look. We have questioned this pool, Max and I, because they have these different filtering block templates. Our biggest issue with the filtering and the block templates was 47 transactions and global TX zeros. That's that's what we called out right from the beginning. The samurai crew, the run and dojo crew, diverter wrote a great article for ungovernable misfits explaining the problem with those different block templates and that filtering. So that was always our problem with the filtering here. Another problem that we have was, how do you run a mining operation which you want to maximize profits, especially, and we'll go over in statistics how hash rate or hash value is so down, and you're leaving out transactions that are paying you to mine that block. They're paying you a good amount of money. And, also, this payout system pool hit empty blocks. So none none of this has quite made sense as to how they're claiming their payouts are so high compared to other systems. And they did this. They posted this out on Twitter, and Mehdi was sharp enough to say, hey. I actually banged out a bunch of data on a spreadsheet. What I did that on a spreadsheet was I took some assumptions. I said, well, let's take 10 identical s 19 JPROs. Let's assume they're at a 120 terahash. I'm gonna take your hash rate that was contributed to the network during the time that that block was discovered, and I'm gonna figure out how much these would have gotten paid in the payout. And he said, wait a minute. If you're not counting your 120 day ramp up time or your 8 block ramp up time, then your numbers are gonna be a little off. So let me do this for you. I'm a nerd. I'm a PhD in engineering. What I'm gonna do is put out this spreadsheet that other nerds can decipher.
I've done my best to try to decipher this spreadsheet. I think I have somewhat of a handle on it, but if I were to try to speak to our audience as to what it says, maybe I don't have the handle on it that I think I do. But but what he does, if you just take the 60 day average and do things like normalize for luck, normalize for fees, normalize for fees and luck, if we just say all the pools are 0% and this particular pool has 4 different templates, Some are 0% fees. Some are 2% fees. Boy, it just depends on your morals or your definition of spam, I guess, as to what your fee is gonna be. And he challenged them with data, with statistics.
And he came up and said, listen. I I think you guys are probably paying 0.5% less than the FPPS average. Let's do a little bit of a Linkcoin ad read here. Linkcoin is an auditable FPPS pool. Go on linkcoin.com. Go to their privacy policy. Look at the math there as to how you can audit linkcoin and their FPPS payout. That's one of the things when they rolled out is this is an auditable pool. Hey. By the way, if you don't like me calling LINK coin mining a pool, okay. Great. Hash rate marketplace. There. Does that make you feel better? LINK coin mining as a hash rate marketplace is very easily auditable for their payouts.
Anyway, back to what what happened here. So Mehdi says, yeah. That's just a It's obviously annoyed you. Oh, man.
[00:59:22] Unknown:
Me and
[00:59:23] Unknown:
I I feel like, behind me here. And I often have to tell people, hey. Listen. Yes. We know that Link coin mining is not a primary pool. We've gone over in this show what a primary pool is. They control the coinbase transaction. They create their own block templates, and that's about it. That's the role of a primary pool. So anybody else that is not controlling the Coinbase transaction, you are a, Hash rate contributor. You're a Hash rate marketplace. You're buying Hash rate from all of your users. You're kicking it up to another pool, and Yeah. You're charging a fee for that service. That's just the way that is. Yes. We have explained that. When did we do that, Max? October, November of last year? We went on a big diatribe explaining what a primary pool is and what a secondary pool is. Or we could just say primary pool and hash rate contributors if if you like that, terminology
[01:00:16] Unknown:
any better. So if you're new here, you can go back. Oh, it was actually not gonna be action news then, was it?
[01:00:24] Unknown:
No. That would be let let's let's say episode
[01:00:28] Unknown:
11 or 12 of of let's let's say, episode 11 or 12 of of let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's let's And so that's why we have the 2 now, but it used to be just PMM. So if you go back there, have a listen. To get a better understanding of this, I I suggest everyone go to the Twitters and look at Mehdi Nasseri's reply
[01:00:48] Unknown:
is where where he points out that you've actually underpaid 0.5% in comparison to FPBS. Do you know, challenging them, did you how did you run your math? What's your date ranges? What's your hash rate of the test case? What's your uptime of the test cases? You know, what user account wallet address of the test case? What's your form what's your formula for calculating luck? Are you calculating luck? Are you calculating pools for luck? Are you calculating future fees, fees? There's a lot of data that that goes into this. So what he was nice enough to do was to amend the spreadsheet, do his own spreadsheet. So you can check out his spreadsheet Medi Maths. And see Medi Maths. See how he normalized for fees, normalized for luck.
And and that was great. That was challenging. That that is real math. That's statistics. That's how we keep from bickering with each other. And going back and forth is just being honest about your math slash maths depending on your location. Maths. So please check out that tweet. And, if you guys can, keep the conversation going there on Twitter. It just fell flat. Mehdi posted all this data and did all this work on the spreadsheet, which I'm sure didn't take him a long time. But somebody like me, that would've taken me a week to do that spreadsheet and, didn't get much back from it. Listen. If if we're we we can't have assumptions in in this world. It has to be this is mining.
It's gonna be straight math. Let's put the feelings away for a little bit, and let's just go with math. I don't know, mate. It sounds unreasonable. Yeah. I I know. Sorry. That was stupid of me.
[01:02:29] Unknown:
Can't we all just bicker? Yeah.
[01:02:32] Unknown:
That's it. That's what we really need to do. Just keep our heads down in the dumps and, just scratch each other's freaking eyes out in the trenches while the big decentralized guys just do whatever the fuck they want. And then all you smaller, mining organizations can sit there and play, Rochambeau, kick each other in the nuts all day long. Are we gonna have the link to this tweet in the show notes? Of course. We will have the link to the tweet in the show notes. And and if if you you all are super cool with podcasting 2.0, you can go to this particular chapter. And in this chapter, Jordan will have placed the link to this tweet. So all you have to do is go to the chapter. Boom. The link will be right there in the chapter. He's good, isn't he? Mhmm. Don't have to pour through the show notes. Just look at the chapters. Well, as you all know, statistics section is brought to you by Lin coin mining, the Lin coin mining platform.
I don't know if people know this. We've mentioned it before, but we just don't take any sponsor on this show. Somebody shows up with a bunch of sats and says, please sponsor the show. We say, well, who the fuck are you, and how do you tie in with our ungovernable mystifieds synergies? So why do we partner with Linkcoin? Well, not only because they provide a robust auditable hash rate marketplace. We love the device management tools. We love all the different mine management and energy trading tools that they have to offer. That's why it's called the LINK coin mining platform. They offer device management that allows you to reboot, adjust power, monitor temperatures, have a site map of your mine, PDU management, PLC management. A PLC is a programmable logic controllers, and those things can provide real time power data, can manage your PDUs, your switches. They can monitor alarms, fans, pumps. You can integrate PLCs with cameras for security.
You can log data that can be impiled and examined at a later time. Hey, When the sun comes up, you know, in the morning, we notice that our fans do this, and our mine operates in this way. And in midday, it operates in this way. And perhaps we need to provide some shade for the containers. You know, these PLCs and the Linkedin management system allows you to do things at your mind besides just throw hash rate to the network. With rails automation, you can set different rails based on electricity price, hash rate, hash price, hash value. You can batch troubleshoot machines. They have an inventory management system. Listen, when you've got a few 100 miners and one is down, you'd like to be able to scan that thing and find out what the serial number is, what the past history of repair on that particular machine is. Inventory management allows you to do that. You can share access to your mind at different levels with our team functionality. You can generate trouble tickets, and you can manage those tickets for your teams. You can generate profit and loss reports, not to mention all of the functions that load does. You've got 4 CP, seasonal coincidental peak. These coincidental peaks are like the highest amounts of electricity consumption on the grid, and they, take place typically between June 1st September 30th.
Well, load allows you to interact with those 4 CP functions from the independent system operators and potentially make profit that way. Potentially make profit is the key. Oh, yeah. Yeah. Yeah.
[01:05:45] Unknown:
These are tools that help you potentially make profit Mhmm. In mining, which is a strange concept, and a lot of people on Twitter won't understand this. And you don't get any Vertu tokens through load or link coin or anything else, but you do have the tools to have the opportunity to run a profitable mine.
[01:06:10] Unknown:
And that's what we care about here. That and privacy. And privacy. They still do BIP 47 payouts. They do. And lightning payouts. If you want to know about the Lincoin Mining platform or if you want to know more about the load products, schedule a consultation. Contact them at Lincoin Mining on Twitter, or hit up nima amir. That's at nimzilormedinaseri on Twitter. Medi's Twitter address is medinaseri to learn more about their ASIC management, energy trading, energy plus energy trading packages. You can bundle with our Hashrate Marketplace and save. You might be able to get some kind of super low fee deal if you take up the other products. Imagine this, they have so many products that you can bundle them all together and receive discounts.
[01:07:03] Unknown:
Business. Good at business. You know? Magical.
[01:07:08] Unknown:
Global hash rate. Global hash rate on a 30 day moving average is 643 exahash. Our last episode, it was only 582. 7 day moving average is 641 exahash. On our last episode, it was 579. You're seeing the trend here, Max. One day highs for the past month have been as much as 730 exahash on July 21st, about the same on the 28th, about the same on August 10th, and as low as 520. That is a 210 point spread in in in one month on one day average. So you can there's the there's that 4 c p, SCP coincidental peak thing in play. We are right in the middle of that June 1st to September 30th time frame. So, obviously, some curtailment and demand response is happening. So that that can be attributed those swings can be attributed to that.
LINK coin mining itself's hash rate has swung a good bit over that past month to reflect the fact that their customers participate heavily in demand response programs. So they've been from 1.73 x a hash to well over 2 during that time. To me, that shows a an interesting mining platform that you have that many customers that that participate in those creative programs.
[01:08:24] Unknown:
Why is Hash rate still climbing and Hash price still dropping? What is going on? It seems as though it's pretty tough out there. Why is there more Hash coming online constantly?
[01:08:39] Unknown:
Yeah. I I'm I I think in Alex's article, he he may touch on that a little bit. I hate to say the same thing over and over and not really know whether it's true or not because it's it's hard to understand the economic mechanisms within these large institutional miners. But basically, they have the money to do it, to continue to grow hash rate. Hash rate's gonna grow. Listen, a lot of machines have come online. And if you look at the release just of the s 20 ones alone, we're going from we'll talk about this later on the episode. We're going from, like, a stock 17 something joules per terahash machine to recently, Altair had benchmark tested finish on an s 21 XP.
And in some of the low power modes, he's getting 13% I'm sorry, 13 joules per terahash. And on some of these whopping, like, overclock numbers, he's still getting 17 joules per terahash. So a lot of it could be attributed to new machines coming online. But then again, how did somebody pay for all of those machines when we've been in this extended bear market, especially a bear market in in mining where we've had a significant decline in hash value and hash price along with, you know, the having in the middle of that, and we haven't reached this bull run. So perhaps it's mining institutions preparing for some kind of bull run, and they have runways because of institutional lending even though the interest rates aren't aren't particularly low. Every pleb I know has turned off machines.
[01:10:08] Unknown:
Well, yeah, that's what I'm getting at. It's like, it just seems weird because the stories that I hear are obviously from people in our group, and everyone's struggling. And then I'm like, okay. So that means because everyone's shutting off machines because they're struggling, hash rate should be dipping, but it's not even though they are switching off, which means they're switching off, but that's being soaked up by the bigger miners and some. Sure. So it's growing quick. It's just yeah. It's interesting to see. Yeah. And, you know, the the the small guys are are such a a pittance as far as overall Hash rate contribution to the network. Mhmm. It's the pizza shop analogy.
[01:10:48] Unknown:
The large institutional miners don't adhere to the same economic principles that we have to. Do you think there's gonna be some big blow ups then? Hoping so. I mean, everybody's waiting for it, aren't we? We're all waiting with bated breath to see all of these blow ups, and and we celebrate here from from the peanut gallery when they do. Sweep up all those tasty sets. That's right. Sweep up all those machines. You know? Everybody's really hoping for for the crash, and they can get their hands on some some new gen high efficiency machines. It's like, oh, please please dump. Please go out of business. Let me see some of these machines on the marketplace. I really don't. I don't really wanna wanna spend, that much money on a new machine, new set of machines, but you have to. Listen, the the s nineteens just aren't they're not cutting it. The k pros aren't really cutting it at this point.
New gen's the way until, number go up. Speaking of the 2 most important numbers in mining, they aren't price of Bitcoin. They are hash value and hash price. Hash value is how many sats per petahash of hash rate per day you can expect to get on average. These numbers that we do are are for the FPPS average because that's it's kind of the best way to look at mining statistics. It's too hard to pick the PPLNS average. You don't know what their luck is going to be. If you just go across the whole network and blocks and how much they paid out, it's much easier to do statistics. So with the so we use FPPS average. You're gonna get 73,457 sats per petahash per day. On our last episode, it was 82,000.
So 10,000 sats less a day, and, you know, that's well after the having. That's just the fact that transaction fees as a percentage of block reward are shitty. Shitty, shitty, shitty. Even shittier than than they were the past 2 months. What are you gonna say if things
[01:12:49] Unknown:
flip and we have a really good time 6 months to a year from now? I'm gonna say not not as shitty. Not as shitty. What if it's really good? What if things are really good? Then what are you gonna say? Oh, well, you'll just have to tune in and find out what else I can say. Have to wait. Okay. That's right. Yeah. Hash price
[01:13:06] Unknown:
is now $42 to $43. So you have a petahash worth of machines. You've got 5 brand new machines that cost you $4,000 each just humming away, and you're only getting, if you cash them in, 40 2, $43 a day. We actually have to go back once again to the same date that we reported on the last episode. June 6 was the only, good day we've had lately where your hash price was $88, and you got about a 127,000 sats for your petahash worth of machines on that day. Cool. Network difficulty is at 86.87 trillion. On our last episode, it was 79,500,000,000,000. Getting more difficult.
Transaction fees as a percentage of block reward, as we mentioned, they are shitty. We hope for a day where they are not shitty.
[01:14:03] Unknown:
I like it. I just like hash price is
[01:14:08] Unknown:
shitty. I mean, what do you want me to say? It's under 1% I like it. I mean I want it to stay as it is. I really enjoy it. Transaction fees that are under 1 effing percent. Somebody said, can you guys do an episode where you don't curse? And I was like, I think that's impossible. I think no is the answer. I don't see how. Listen to another show, mate. There's plenty out there. Yeah. That's true. Next block estimator, which, once again, we are thankful to e 4 pool for putting this tool back up after the samurai arrest. I really liked it, and we only got to use it for a month or so, but e 4 pool has put it back up. Next block estimator is showing 4 sats per vbyte estimate on the medium fee. So if you haven't consolidated UTXOs lately, you're fucking fool.
But given how shitty everything is, you got time. Next up on the statistics section of Ungovernal Misfits action news, we have are you familiar with the site, Max Stratum dot work? Didn't we speak about it earlier in the show?
[01:15:06] Unknown:
Yeah. We did. So yeah. I am. It was a long time ago. It was a long time ago. Yeah. My comments were, it's pretty.
[01:15:15] Unknown:
Mhmm. It's very pretty. And and and what kind of information are you finding out from stratum.work?
[01:15:21] Unknown:
Mainly pinks and purples, but there's some yellows and oranges going on there for a small amount of green. I'm a big green fan. Really? There's not a lot of it. Mhmm.
[01:15:33] Unknown:
If you're looking at stratum.work right now because you were so curious that you just had to know what it does, the real value of it, it shows the similarities between block templates. One thing I was hoping that it would do would be to show the payout addresses of these particular pools. It does not. That would be some juicy data. I think you have to go in a little bit deeper to compare the Sure. You can get that out. Addresses. I'm sure you can too. I've always suggested on the show that people follow a Twitter handle called mononaut, and he breaks down this kind of stuff all the time. What we have found out that if all of these Merkle trees match and what we're looking for in as a as a as a component of block template, you have one of the components is the Merkle root. And to explain this, I'm going to refer to a bite sized Bitcoin that we had previously on, how a block template is made. And in there, I wrote, and I'm I'm quoting myself here. But I I spent the time to write this out. So if I read my own stuff, then it's not really cheating if I don't do it extemporaneously.
Is is that right? Yeah. Alright. In that piece, I said that the Merkle root is a hash of all transactions included in the block and is used to ensure the integrity and validity of the transactions. The Merkle root is a key component of the Bitcoin block header. It is a cryptographic hash that summarizes the content of all transactions into a single neat little 32 byte value. In a Merkle tree, transactions are grouped into pairs and hashed together, forming a new set of hashes. This process is repeated until a single hash called the Merkle root is generated. The Merkle root is included in the block header then broadcast to the network whenever a new block is mined. When a node receives a block, it can use the Merkle root to verify the integrity of the transactions in the block without having to validate each individual transaction. It is a compact and efficient way to verify the contents of a block and ensures the transactions are legit. So in looking at my writing from previous, you can take a bunch of different transactions in a candidate block to start out with your Merkle tree to get to the Merkle root. Long story short, there's more than one way to skin a cat. And if all of these pools are skinning the cat in the exact same way, then we can assume that they are all mining together,
[01:17:57] Unknown:
that they're not individual pools, that there is one primary pool, and the rest are contributing hash to it. Yeah. There's a lot of green now as I look at it on Merkle branch. Mhmm. It seems as though 1, 2, 3, at least, like, 10, 12 fish are all got the exact same one. Yeah. There's only 2 that are different. And this is what we are calling the antpool family.
[01:18:22] Unknown:
So we have Ultimus, btc.com, Binance, Poolin, all BTC, Raw Pool, Luxor, SEC Pool, EMCD, Sigma Pool, and Antpool are using all the same Merkle trees to assume that they're all using the same block template. So there's your centralization visualized. That's the power of stratum.work. Try to explain this stuff to people, and they go, okay. Well, that that sucks. And then when you see it in these pretty little colors, you go, oh, shit. Yeah. They really are.
[01:18:57] Unknown:
Wow. The colors are pretty, but the picture's not. Oh, yeah. That's a good way of saying it. Do you like that? Mhmm. Sure. As a way to get, our listeners
[01:19:06] Unknown:
to remember and understand who the Ant Poole family are and what they are, well, we've composed a little jingle. You can snap along. Shady and they're scheming? The blocks aren't what they're seeming? Block templates are the screaming? The ant pool family? The templates are Omirror, StratumWorks the bearer, the Myrtle Tree shall clearer, the Antpool family, Luxor, Ullin, Finance. They're taking over mining. With every block of mining, their central powers rising to ample family. Frames, they mine with foundry, while ample mines profoundly. And what we are a finding's the Ample family.
[01:20:03] Unknown:
Ultimus. Btc.com.
[01:20:09] Unknown:
Raw pool.
[01:20:12] Unknown:
The Ample family. That's amazing, mate.
[01:20:15] Unknown:
Sometimes I think you might have too much time on your hands. I don't have any time on my hands.
[01:20:21] Unknown:
Where where are you coming up with this stuff? In the van? In the van. Yes. If if it weren't for my fiat job, this show wouldn't be possible because I do not think at my Fiat job anymore. I have been in telecom for almost 30 years. Mhmm. Nothing I don't know and nothing I can't do. No thought. I just go and do this stuff. Totally autopilot.
[01:20:44] Unknown:
It's a blank blank stare all day. John's there just keeping the whole world together, making sure communication is possible between everybody. And while he's doing it, he's just thinking. Yeah. All the family.
[01:21:04] Unknown:
Yes. That's what I'm thinking of. Very good, mate. I like that. Well, if you like jingles, we have a jingle for our sponsors. That's one thing I really like about this show is our sponsor jingle. One of my favorite ones is Bifrost Manufacturing. Sing it Robert Plant. Get it. Live Cross Manufacturing coming from the land of ice and snow. Always doing cool stuff. Most recently, they attended a local Comic Con in Grand Forks, North Dakota. They had a 3 d printed Stormtrooper helmet there. Or can I say Stormtrooper? Would that be, like, 2? I can't, trademark Star Wars.
A trooper a trooper helmet. I that's that's so cool to Bifrost manufacturing. They're like, yeah, let's attend the Comic Con and bring some stuff there. Just show me what I can do. Yeah. Sure. We fabricate all kinds of things for mining. We make immersion containers. We make these, skid pallets for transformers so you don't spill your transformer oil all over the place. We're working with schools and universities on aerospace technology and drones, but, also, we're nerdy enough to attend our local Comic Con. Love it. You ever been to a Comic Con? Comic Con? Comic Con? Comic Con. Comic Con. Comic Con. We had one at our this is a town called Monroeville, which is, like, on the other side of couple counties over, and they have some kind of Comic Con every year. And, yes, we've gone to it a couple times. Sarah had a crush there. Some guy was totally crushed on her, this comic book nerd guy. Like, so for me, I like comic books. I I like Wolverine. That's my jam. You know, he's short. Hey. Who doesn't like a short, stocky guy? With claws.
With claws and a lot of hair on his face. And Sarah was trying to get temper. No. I don't have a temper. Alright. Maybe. Sarah was trying to get me, Hulk 181. I always wanted this particular comment. That's the first appearance of Wolverine. And so she we went to this Comic Con, and she, like, contacted this this guy who we bought some comics off of. I'm like, listen. I really want to get my husband, Hulk 181. And she he thought that was some sort of intro that she was somewhat interested in him because she wanted to get a comic for her husband. Interesting.
Oh, yeah. This guy really put in a a lot of effort to try to find me hulk 181 to try to find Sarah hulk 181 because he was gonna steal her away from me. Did you get it? Like, Scott Summers stole Jean Grey away from Wolverine. No. I didn't get hulk 181 because it's really expensive. Yeah. What are you gonna do? Not buy it, probably. Probably not buy it. Yeah. Yeah. Well, back to Bifrost Manufacturing. They are in, as we know, Grand Forks, North Dakota. I was talking to our producer Jordan the other day, and I said, do you think I will ever get Max to say Grand Forks, North Dakota in a North Dakota accent?
Maybe. Maybe we'll get you to say it someday. North Dakota. Not happening today. I'm muting, mate, because it's absolute carnage. That's why. I heard the baby. I was just trying to figure out how to how to work through it. At Bifrost Manufacturing, they offer 3 d scanning and printing, custom fabrication, and manufacturing. They have a team of crack machinist and fabricators trained in various welding, CNC, production, and machining. You can contact them by visiting their website at Maxwell Insight. Manufacturing
[01:24:55] Unknown:
dotcom. Or you can just hear this all in the background. Oh, yeah. You're just gonna hear it. All the carnage. This is it's just horrendous.
[01:25:02] Unknown:
Or you can call them at 218-2803 71, or email at [email protected]. And in case Max's audio was too terrible to have that inserted, I will try to do it in my best Max voice, by frostmanufacturing.com. Now is the time of the show where we look down at our podcasting 2 point o apps, and we say, damn, this show is good. I would like to stop, drop, and boost. It is something new, DMX. It is something new in the world of podcasting, podcasting 2.0. In the last show, I do believe that I said that DMX loves the boosting, but I believe he's dead. So maybe his his homies are are boosting for him. Pouring out a 40 for DMX.
I think he's dead. Somebody look that up. Look that up. Okay. It's DMX dead. Somebody died. Something new. You're dead. That's what something new. That's it.
[01:26:22] Unknown:
Oh, that's mean.
[01:26:23] Unknown:
Oh, don't worry. The rough riders are still alive, and they're all boosting. Stop what you're doing, boost the show, or if you're not into boosting, hey. That's okay. We're all cool. Send us some stats to our Paynems, maxbuybit, m a x b u y b I t, or weathered thunder 791. Also, if you're on the, tweeters, we always let you know what the Monero address is if you would like to send Monero as well. Give it a look see. Up next on Ungovitable Misfits action news, we have the part of the show that is actually action news. This is Ungovitable Misfits action news, your trusted source for news in the Bitcoin mining scene.
Our pool 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 base with baseload. Contributing maverick journalist Dick Greaser from the Bitcoin bugle and the ever present. Manger. A little goat, buddy. He's a manger. I cuddle him and knock him every day. The little goat keeps his hooves nice and soft and supple with olive oil on his hooves. Yeah. Action news. First on action news, we have an article from our good friend, Alex, at Kaboomracks. Hey, Ungoverable Misfits action news. Isn't it kind of crazy that you have a competing miner gear salesman against Altair on your show to talk about mining? No. We're one big happy family, everybody.
We got nothing but love for one another. Sure. Alex, has a lot of knowledge in the Bitcoin mining scene, and we thank very much for his time and efforts in writing this article. This article is currently up on Ungovertible Misfits. That's UngovertibleMisfits dotcom under writing. Please check it out. Read the whole thing. I will give you a summary, but, damn, it is long. He introduces the article by saying while the world is on the precipice, Bitcoin is getting ready for a face melting bull run. You you sure about that? You sure about that? And there is going to be a capacity shortage. Right now, there are entities buying it all up, and they're having to compete with the data center industry, which is also expanding at a very rapid rate.
I'm a Bitcoin miner salesman, and my goal is to convince you that buying miners or having them plugged in is a responsible financial decision versus just buying Bitcoin. I'm sure that's a very difficult place for a lot of miner salesman to be in because I am sure they get asked this question a lot, like, should I be even buying this mining gear? To expect a minor salesman to answer that question for you, that that's tough. Like, really, in my opinion, their only responsibility should be, yes. I have the equipment. It's in here. It's in this warehouse. We can get it to you in this amount of time, and this is how much it costs. Beyond that, you asking your miner salesman for advice on whether or not you should be mining is ridiculous. You've already lost the plot. His tldr tldr on this article is mining is going to be horrible for retail after the next halving, three and a half years from now. Minor supply crunch likely won't be as severe as the last cycle. I'm a little bit disappointed in that because I've been holding on to a lot of machines hoping we have a huge minor supply crunch, and I'm able to sell some of these used machines for a lot of money. Probably not gonna happen, though. Capacity crunch will be very severe.
Market FOMO will be insane and will be great to capitalize on if you are positioned correctly. The most efficient machines will carry the highest premium, especially if you can sell it plugged in due to capacity crunch, and selling it plugged in is just like transferring your hosting stuff. Hey. I got this machine already plugged in and hosted. You just take it over and pay me for the machine. That avoids a lot of shipping costs, and Max can speak to this. When you try to retrieve your miners, especially from an organization as large and disorganized as Compass Mining, it's not easy, and it's gonna cost you. It's probably gonna eat up a lot of your profits just to ship these machines away. So if you can sell it to somebody else hosted, basically take over my hosting contract and let's come to terms, Alex is considering that a good deal.
If you are willing to sell equipment when the market takes off, you will shorten ROI time tremendously. Selling at the top lowers the risk of failures due to manufacturers making bad hardware and lowers the risk of buying unknown quality machines. Mining is changing and maturing. People will FOMO into the market. As he said previously, in the market, FOMO will be insane. Hard to predict people's feelings, but we can look back in history and just see how many people do we know spent $10,000 on a machine. You hear those stories often, and, basically, they never ROI'd on them. There is going to be capacity restraints, meaning people will pay more for machines already plugged in. Next having is going to be brutal, as he mentioned.
You make a lot of money fast timing the market like this. I'm not sure that I can do that myself, but there are people that can, and god bless you. He also says there's a lot of risk, and a lot of people won't and shouldn't attempt this. That's great advice. At the end, it says the market is risky, and it's easy to get scammed. So I will encourage people to do a lot of research on who they're working with and stick with people who have good reputations. At the end of the day, it's much easier and safer to just buy Bitcoin. Double check you know who you are talking with as there will be people impersonating individuals on Telegram, Twitter, etcetera.
Scams are getting more sophisticated. We have learned this lesson amongst our group in the Ungovernal Misfits mining world where we have a couple people who have gotten scammed, and we've shared their stories and the lessons from the scam. It's good to know people. We'll finish the show here encouraging everyone to get to know know your pleb, IRL. It's extremely valuable for all kinds of reasons. I mean, listen. You you can make a connection with somebody in a way where they watch your kid and and you see the grandfather in them, you know, like I got to experience at Lake Satoshi. That's a wonderful uplifting thing, but you could also probably know people well enough to say I'd be willing to interact and transact with them on a mining gear purchase.
I encourage everyone to read this article in its entirety. I went over the TLDR bullet points, but, of course, Alex has a wonderful way of explaining things and giving you his viewpoint on mining. He's got a lot of experience in it. And as I said early on the show, he talks to everybody, a sponge for for information. Up next on On the Government Misfits action news, we have a Bitcoin bugle article. This one is by Rod Palmer. So once again, Rod Palmer took my attention. I got a glean in my eye about Rod Palmer and this article, and mining organizations are thinking about doing a ladies night, which is pretty nice. In an effort to incentivize more women to Bitcoin, the top mining pools announced Thursday nights will be ladies night starting on August 1st. So it's already happened. Female Bitcoiners will receive 1 free high priority transaction and a fee rate of 10 sats per vByte. Well, as we know, on next block, you have a medium chance of doing it at 4 on any and all subsequent transactions they make. Reactions to the news policy have been mixed. The new collaboration was announced in Nashville a few weeks ago at the Women in Bitcoin conference event where it was met with cheers and applause by the event's attendees.
However, while some men in the male dominated industry say they welcome ladies' night, not everyone is happy about it. Women don't need to worry about Bitcoin. Their brains aren't evolved to understand thermodynamics and economics. Thank you very much, Max. Someone said 1 Bitcoin pleb who isn't happy with the idea. Another critic called the move sexist and said Bitcoin is becoming increasingly hostile towards male values. Still others are using the opportunity to schedule local Bitcoin meetups on Thursday nights at bars and pubs in their area in hopes of attracting women from their communities. Sometimes I think Bitcoin is never going to make it to a 100 k. I can't wait forever to find a girlfriend.
Us single guys need to be proactive. I think the mining pools creating ladies' nights is an idea we should capitalize on as single men, said Chad Grankus, order of the Des Moines, Iowa meetup. He said, there are a lot of orange cells out there who need this. Who am I to criticize it or deny them this chance, he finished. Well, good for these mining pools doing ladies night and good for these nerdy meetup guys in Des Moines for taking advantage of it. You never know what kind of sexy babes might be showing up to ladies night, perhaps Hashlaudette.
Thank you very much, Max. I think that might have been the Michelle Obama is is a man. I agree. It's very interesting communicating with Max strictly through his soundboard. That's fine. Yeah. That is fine. You you got that right, buddy. Next up on Ungovernable Misfits action news. We've got our update from Altair. Altair Bitcoin Mining Solutions. That's altairtech.io. Got to spend time at Lake Satoshi this past weekend. And at our little table, we had a bunch of Ungovernable Misfits T shirts set up. Please visit our T shirts section, our clothing section on Ungovernable Misfits. I think you will be pleasantly surprised by the the, wide range of designs.
And when you receive the clothing, you'll be surprised by the quality. It is absolutely top notch. I think everybody that picked up one of those shirts said, wow. This thing is thick. This thing is heavy. This is real cotton. This has a real feel to it. We didn't have any hoodies on display, but it's getting to be fall here soon. Oh, thank God everybody can mind at home. The hoodies are fantastic. It's like a real warm hoodie. Top quality cotton. Anyway, while Shill. Yeah. Alert.
[01:37:19] Unknown:
Shill. Alert.
[01:37:21] Unknown:
Always shilling. Hey. If the opportunity comes up to shill some kind of ungovernable misfit shit, I'm going to do it. We had 2 Erlackers on that table as well, supplied by alteratech. Io, the Erlacher build. Chet was involved in that. I do believe Chet bought them both, one for himself and one to give away. So once again, when you see we all eat, he really fucking means it. We all eat. He's one of the most generous people that I know. He's probably gonna be mad at me to to to say that that he was responsible for that giveaway. But, hey, it's the truth. A lot of people came over to those Erlackers and were absolutely surprised to see this industrial sized miner that they have been told and those that experience mining have heard for themselves, these super loud fans.
And you don't have that on the Urlacher. If it doesn't need to scale up the fans to maximum, it doesn't. So if you keep it hashing at a pretty low wattage, it stays relatively quiet. Comes in 2 models. The 56 terahash is about 1200 watts. The noise levels on it are above 53 dB, and it hashes at 23 joules per terahash. The s 21 model, 62 had terahash, 1200 watts, 53 dB, 19 joules per terahash. I want to explain something to people. So the advantage of this Erlacher build from altairtech. Io is that is a 120 volt modification. You've got an APW 3 plus, which is a s nine power supply.
It's some low key components in there to trick the machine into accepting the 120 volts. Because you're using 120 and not 240, you're actually raising up the amperage that this machine is using. So it is an advantage because you're using a 120 volts, but please be aware of the circuit that you plug this into. Probably won't go over 1400 to 1500 watts on a 15 amp breaker and definitely no more than 2,000 watts on on a 20 amp breaker. So you have to make sure that your internal wiring in your house's gauges are are made up, and I'm not giving you electrical advice now. But usually, the rule of thumb is for 12 gauge wire, that can handle about 20 amps and 14 gauge wire that can handle 15 amps. So please be aware of what other circuits in your house or what other, outlets in your house are connected to the outlet that you plug one of these Urlackers in. And be sure that you have the wiring and the breaker that can handle that. That is just some personal advice from me.
Other offerings from altertech. Io. If you want something low terahash, their desktop unit bitaxe builds are pretty sweet. And something fun that is coming up in the future from Gecko Science is the Mein Coffee. I don't know about that name. Makes me think of something else. But Mein Mein Coffee, it's very German. The Mein Coffee is going to be a coffee warmer, candle warmer desktop unit that has 4 s 19 chips. So this would be, like, the generation of s nineteens that came out, like, 2019, 2020. It'll have 4 of those chips in it with a beautiful, wooden base, a little LCD screen, and an aluminum top that you can just set your coffee right on top and potentially mine Bitcoin with it. Very excited about that coming out because now now it's these things that we've talked about for a long time. An interview that Max did with Schnitzel where he talked about a tea kettle perhaps being warmed by AC chips. This trend, this mantra, put AC chips everywhere, Distribute ASIC chips around the world. That's another decentralization technique. This is one of the first things that is just, like, ready made and not warming your feet in the office, but doing something like warming your coffee. And I think it's going to warm it to, like, a 130, a 150 degrees Fahrenheit.
For all of you cocks that don't use, standard units, that's 55 to 65 degrees Celsius. So pretty neat. Pretty excited about that. Altair, as always, has the dope on the Bitcoin mining scene. Recently, he did some benchmarking on the s 21xp. S 21 pro numbers we did in a previous episode, if you wanna check back that are probably easiest thing to do would be to check Terra's Twitter to see the benchmarking tests on that. Highlight of the numbers is overclocking numbers. He's getting anywhere from 260 to 290 terahash at 14 and a half to 16 and a half joules per terahash. So those overclocking numbers beat the initial stock s 21 releases.
Underclocking numbers, some incredible efficiency, 150 to 211 terahash at 13.5 to 15 joules per terahash, also from Altera's update. Bitmain will soon be releasing their purpose built immersion miner, the s 21 XPIMM, with a stock efficiency of 13.5 joules per terahash and a whopping price of $7,419. But you do get a 1 year warranty, so I suppose that's exciting for our immersion people who are used to, taking the risk on dunking their machines. Bitmain will actually provide you with a 1 year warranty. Now to speak to their warranty service, I don't know. That's up to you. Hope you got somebody lined up. Up next on our altertech.io update.
Alter got the dope on the Bitcoin mining scene, and he lets us know that Bitaxes are absolutely flying off the shelf because a Bitax hit a block a few weeks ago. Of course, that emboldens everybody to, actually run a Bitax. Hey. It happened to that guy. It can happen to me. Just to let everybody know, you're not hearing from Max right now because his home is absolute carnage, mate. There's yelling. There's hitting. There's throwing. There's screaming. And if past history is any indication of what's happening there right now, probably shitting and puking. That seems to be a pretty common theme from Max.
Can confirm. Also on Altair's dope on the Bitcoin mining scene, the BitDeer seal miner, a one, which we had spoken about in a previous episode, was canceled. They shipped what they made to their Texas facility to self mine. Now that Block and Auredean have some large scale production projects, it looks like BitDeer has serious competition in those lower tiers of manufacturers. Basically, what I'm saying by that is not Bitmain, not Whatsminer, not Canaan, the other tiers who have yet to yet to really prove themselves on production and and reliability and and deployment. But you can expect that Altair will be bringing the Block and Auredene Miners to retail to the Plebminer level. That's something that we appreciate about Altair is that he makes those strides to get those kind of machines in the hands of the Plebminer.
As a result, Bitmain's monopoly at TSMC, the chipmaker, is cracking at the seams. So that's exciting to see other manufacturers get a seat at the table. As far as chip manufacturing goes, it looks like more people are going to get to eat, if we were to channel Chet. That's all for the, altairtech.io update. Visit altairtech.io for all of your Bitcoin mining needs as well as parts. Ship breaks, fans go bad, he's got the stuff. If you wanna play around with other control boards, he is also one of the places to get a lot of these aftermarket control boards to fiddle faddle around with if that's something you're into. If you talk to Brian Maynard, though, he's not too happy with control boards. It burned up on his machines. So there is a risk there in, in aftermarket stuff. To remind everyone of the Ungovna Misfits solo mining project, the solo Sunday solo mining project with Demandpool helped out greatly with that, with their s v 2 implementation.
Urban Hacker wrote a nice clean script that enables people of our ilk to be able to get a a Linux machine and install your Provost's version of Bitcoin Core and mine on your your local network. So please, everybody, go to urbanhacker.net and check out our solo mining project. I would like to commiserate with more people on Sundays doing actually actual solo mining and generating our own block templates. Up next on Ungovernable Misfits action news, we've got our longtime sponsor, the Lake Satoshi Bitcoin Beach Retreat. I've decided to give Lake Satoshi their own set of intro music.
Who better to kick things off than Bob Seger, Michigan's own? Lake Satoshi this year was a absolutely wonderful experience, especially compared to last year where it was just Sarah and I. I'm sure it was a really nice getaway. We got to visit Carl's place and spend time with him and learn more about permaculture and regenerative agriculture. If you're a new listener to the show, Carl is another one of our our cast of characters. He's a permaculture enthusiast. He is a homesteader. He is a pleb minor extraordinaire. We have a number of episodes with him if you'd like to go back into our library. One called bad bunnies is a good one. We did one with Chet and Carl where we talked about, their value for value trade in, mining machine for foodstuffs grown on the on the homestead. Anyway, Carl is one of the the Michigan folks that's often at Lake Satoshi. It was good to see him. It was good to see Chet. It was good to see wartime, Shadrach, Pleb to Polymath, Chet, of course.
I got to meet Otis Bittmeyer and buy some of his excellent coffee. Mike, who who owns the operations there, bitcoin 101.io, really opens the doors up at Lake Satoshi and invites everyone in to be a part of what they've built there. It's a citadel. It's a headquarters for a community of Michigan Bitcoiners, but they open themselves up to the rest of the world. And there was international presence there because our our good buddy, SolEx, had attended the event. So it was wonderful to meet SolEx in person. You know, as mentioned earlier on in the episode, SolEx is the father of the.
He's been a a big part of my life the past few years. I even named it a cow that I bought after him. And to meet him in his person in person and get spend time with him and his family was just terribly rewarding, meant the world to me. And thank you to Lake Satoshi for providing the venue in the event where plebs can really get to know one another and and spend good time with each other. You know, on this show, we have gone at Ocean quite a few times and mostly from the perspective of privacy and that we didn't like their their filtering and that it made, you know, private transactions for technologies that we appreciate, like BIP 47 and Whirlpool, more difficult. But I got to spend time with 1 of the people in the ocean leadership team and see that he's a real guy. You know? He's not somebody in a video having a hard time breaking a a champagne bottle.
He's not this character, and it wasn't Luke, by the way. He's not this, this character on Twitter. He's this guy, and there he is with his his kids and his family. And there's our children playing together. And it softened my stance in a in a way, not on the organization, but just on people. And something we all have to keep in mind is just fucking people. All these folks are just other human beings that are really quite aligned with you, probably 99% aligned with you. And so thanks so much to Lake Satoshi for opening up their doors and allowing plebs even of different, opinions on a lot of these these Bitcoin y things to spend time with each other and get an understanding that, hey. We're all just people.
They've got a new date set up for the next Lake Satoshi event, and that is August 2, 2025. So everybody mark on your calendars now, August 2, 2025. That is the next Lake Satoshi event. This is how I feel on my solo mining project on solo Sundays. I'll put everything up on Twitter. Hey, guys. Look. Here's here's my, my terminal from my node. Look at this. I'm creating my own my own block template, s v 2, solo mining. Look at all this hash rate I'm contributing to to solo mining. Yep. Maybe someday I'll hit a block. Look. I did this. Look, urban hacker. Look, demand. It's very exciting, and then nobody responds.
That's the way I feel on solo Sunday.
[01:50:23] Unknown:
It's just quietened down for a minute here. So I'll respond to you so you don't feel like you're solo mining today. That bit where I was just muted was your description was so so close to the truth. The show goes on, my friend. Just carried that on your back solo. You solo mind this show. Solo mind the show. It's alright.
[01:50:49] Unknown:
You don't realize that how nice it is to have somebody to bounce things off of, though.
[01:50:53] Unknown:
Someone chubby, easy to bounce things off.
[01:50:56] Unknown:
Oh, yeah. Right. Not for long, my friend. Oh, no. Let me tell you. I'm already making gains. You know, you you gotta keep me going too. Really lost a lot of
[01:51:06] Unknown:
gusto. But your mustache makes up for it.
[01:51:10] Unknown:
Alright. That won't work out then. Unbelievable.
[01:51:13] Unknown:
I almost think that being a really fat mess sort of adds to it. Do you know what I mean? Like, you can really pull the moustache off just being a fat mess. I daily smoke a cigar at the same time. Oh, well, that gives me some life goals. I can achieve the fat mess part. That's easy. That I can do. Yeah. I can do that very well as well. I can't grow a mustache like that, though. Hey. Don't count yourself out. No. I haven't got it in me. Just haven't got it in me. You're too,
[01:51:38] Unknown:
too Anglo. I think so. It's gotta be Maybe too young as well? Oh, yes. Because we all know that you're basically 19 years old forever for the rest of your life.
[01:51:48] Unknown:
Peter Pan. Yeah.
[01:51:52] Unknown:
Max, are are you able to talk for the next 5 minutes? Because we're about we're about to close out the show. Ish, maybe.
[01:51:58] Unknown:
I can hear rumblings, but let's try. There are some themes in this episode
[01:52:02] Unknown:
about getting to know people in real life, about bickering on Twitter. We've talked about this a lot over the past few episodes. I don't want things to be like this. I just wanna cooperate with other people and talk about Bitcoin and talk about freedom, talk about sovereignty and empowering individuals and empowering families. And we often don't talk about that. We talk about a plus minus 0.5 percent payout. We talk about Monero versus lightning and misrepresent both sides. I'm I'm not picking a side on that particular fight, but I don't I don't feel that way coming back from Lake Satoshi. I felt very, very hopeful, and I think a lot of people need to make an effort to get out there and be with other people. It doesn't mean that Max has to go to Bitcoin conference in Nashville and show his face. It can be these small micro interactions with people in real life. Phone conversations. That's like we'd like the call.
You get to have that instant back and forth. You can hear somebody's tone and inflection in their voice. I also feel like people are just more antsy
[01:53:10] Unknown:
and aggressive at the moment. Mhmm. It's like that time in the cycle. I think a lot of people who are potentially overleveraged or, like, riding on the idea of having some sort of gains puts them on edge, and then they get a bit comfy and attacking people and all that kind of stuff, and people kind of forget that, like you said, we agree most of us agree on, like, most things. Mhmm. Most people, you have more in common with than your average person in the street. So, yeah, when you're in person, people are a lot more respectful and kind of decent. It's also like you said, it's difficult when someone's writing something as well to quite gauge how they're writing it. Like, you can't always tell how much of it is tongue in cheek, how much of it is just for engagement farming, all that kind of stuff. Like, well, how much of it that they're actually, like, genuinely being a dick? I think most of the time, they probably don't. And a lot of the time, people are just wrong. We've mentioned what Mehdi put together, and we're gonna have the link in there. I'd be pretty shocked if more than 1 or 2 people actually click on that and actually read it and actually look at the statistics. They're just gonna go, I like this person. They say this thing. I'll go with that. That's kind of how it works. Recently, we've closed out the show with, like, a a little editorial
[01:54:32] Unknown:
that I've written. Sometimes the editorials haven't even related to the the show whatsoever. I just want to express my feelings. Well, thank you very much. I think we've had some compliments on them, especially the boosts. A lot of people had mentioned the warriors, and that was the title of the last one. I don't have a title for this one, but it goes like this, hour. And by hour, I mean, like, this ungovernable misfits who listen to the show, read the website, buys our gear, interacts with us on social. That's the the royal hour. Our interactions with one another are physically disconnected. As a result, it's easy to find ourselves trapped in the trenches of petty conflicts, missing the larger picture.
Not until we take a step back, perhaps take a weekend to spend with each other, do we appreciate the importance of real physical connections. The forces we compete against like it this way. It's nothing new here. We've done pieces in the past like this called divide and conquer, don't be a pig, where we highlight the importance of staying strong by resisting manipulation, by resisting distraction. We find ourselves in a wasteland of endless arguments and superficial interactions, but we don't belong here. We belong in communities where trust is built face to face, where families and neighbors come together not just online, but in real tangible ways. By fostering these connections, we can resist the forces that seek to divide and weaken us. The environment feels rusted, corroded, sometimes ruined.
It's not, though. Turn away from those distractions and engage in the world around you. Rebuild the trust that has been eroded and fortify the connections that sustain us. Let's participate more often in events like Lake Satoshi. Let's come together more as families and communities. But first, let's start with intellectual honesty, truth, and sincerity. I like a good troll just as much as the next guy. I, myself, though, leave it to the credentialed trollers like Greaser and Palmer. But even in their trolls, they're still intellectually honest, and at their core, they're sincere.
I think if we challenge one another from the perspective of ascertaining truth, perhaps we can avoid week long spats with one another about the technical details between Lightning and Monero or pointing out obvious flaws in Bitcoin mining centralization and appointing yourself as the savior. Ascertain truth, not likes because likes are the biggest shitcoin out there. Call truth the power and foster and build strength amongst your community to empower truth over power. Beautiful. Can I name it? You can name it. We don't belong in a wasteland. No. We don't. This is a good song, man.
I listened to it, like, 10 times.
[01:57:14] Unknown:
You know when I had my thing that was a real problem, like, 6 months ago? Mhmm. I listen to this a lot. Mhmm. I get you through that. Yeah. Yeah. It's good. It's like an emotional soul. And