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! Rock the Pleb Miner Hoodie! Get yours here.
Intro Music: ZZ Top – La Grange
We begin this episode as we do all shows, by communicating with all of you via podcasting 2.0 boosts. Be sure to Boost on the podcasting 2.0 app of your choice. At Ungovernable Misfits we offer a feature rich podcasting 2.0 experience.
The best experience can be had on these apps:
Witty banter consists of Rocking the Pleb Miner Mafia Telegram Jukebox (Jukebox is coutesy of NoderunnersFM Radio). An update on Late Stage HODL’s repair journey with FixRigs. And busting out pullups to prepare for the fight.
ACTION NEWS!!! ACTION PACKED Sponsors
Statistics like global hashrate, pool hashrate, hash price, hash value, and tx fees/block reward are covered and discussed.
Swan Mining is pointing hash towards Ocean pool.
FPPS Rewards vs Mining on Ocean. It looks like FPPS is more profitable over the past two months…ya don’t say…
Barnminer has Barn Jerky for sale, he may be miserable, but the jerky is delicious.
Jon shares the story of his exploits on Devil’s Lake, ND
New pool on the block for small solo-miners called Public Pool.
The Year of the Dragon sees China and Bitmain active post-Lunar New Year, with a market flood of S21s dropping prices below $4,000 in the US. The S21 now features over 100 temperature sensors per hashboard . Altair discusses the semiconductor industry's monopolistic tendencies and the potential of new player Auradine, focusing on large-scale customers with advanced mining technology.
Riot Platforms challenges the EIA survey in court. Here are the case files.
Jon and Max provide context via Ungovernable Misfit Theater on the EIA’s survey of Bitcoin miners known as EIA-862 as well as helpful advice on how to deal with overreaching government bureaucracy who is “just there to help”(the letters G, F, and Y come to mind).
Bassload stops by for his energy market update where he provides additional context on the who’s and what's of the EIA.
Bitcoin Bassload Update – Who is the EIA
Jon reviews an article by Richard Greaser of the Bitcoin Bugle
Rick Levine Cancels Climate Change
Be sure to visit UngovernableMisfits.com for more writings and to catch up on past articles.
See you next time! F@%CKERS!!!
Gear Up!! Ungovernable Misfits style! Rock the Pleb Miner Hoodie! Get yours here.
Intro Music: ZZ Top – La Grange
We begin this episode as we do all shows, by communicating with all of you via podcasting 2.0 boosts. Be sure to Boost on the podcasting 2.0 app of your choice. At Ungovernable Misfits we offer a feature rich podcasting 2.0 experience.
The best experience can be had on these apps:
Witty banter consists of Rocking the Pleb Miner Mafia Telegram Jukebox (Jukebox is coutesy of NoderunnersFM Radio). An update on Late Stage HODL’s repair journey with FixRigs. And busting out pullups to prepare for the fight.
ACTION NEWS!!! ACTION PACKED Sponsors
- Lincoin, Bitcoin Mining Boom, Flexible Loads Playbook, Lens.Lincoin.com, and Lod.io
- Bifrost Manufacturing
- Altair Bitcoin Mining Solutions use promo code: UNGOVERNABLE
- Lake Satoshi Bitcoin Beach Retreat
Statistics like global hashrate, pool hashrate, hash price, hash value, and tx fees/block reward are covered and discussed.
Swan Mining is pointing hash towards Ocean pool.
FPPS Rewards vs Mining on Ocean. It looks like FPPS is more profitable over the past two months…ya don’t say…
Barnminer has Barn Jerky for sale, he may be miserable, but the jerky is delicious.
Jon shares the story of his exploits on Devil’s Lake, ND
New pool on the block for small solo-miners called Public Pool.
The Year of the Dragon sees China and Bitmain active post-Lunar New Year, with a market flood of S21s dropping prices below $4,000 in the US. The S21 now features over 100 temperature sensors per hashboard . Altair discusses the semiconductor industry's monopolistic tendencies and the potential of new player Auradine, focusing on large-scale customers with advanced mining technology.
Riot Platforms challenges the EIA survey in court. Here are the case files.
Jon and Max provide context via Ungovernable Misfit Theater on the EIA’s survey of Bitcoin miners known as EIA-862 as well as helpful advice on how to deal with overreaching government bureaucracy who is “just there to help”(the letters G, F, and Y come to mind).
Bassload stops by for his energy market update where he provides additional context on the who’s and what's of the EIA.
Bitcoin Bassload Update – Who is the EIA
Jon reviews an article by Richard Greaser of the Bitcoin Bugle
Rick Levine Cancels Climate Change
Be sure to visit UngovernableMisfits.com for more writings and to catch up on past articles.
See you next time! F@%CKERS!!!
(00:01:07) 🎵 Rock the Jukebox 🎵
(00:04:10) ⚡️ BOOSTS: LateStageHodl Needs to Paint the Asic Blue
(00:08:05) ⚡️ BOOSTS: TK Maxx, TJ's Retarded Little Brother
(00:11:41) ⚡️ BOOSTS: Meet You By The Bike Racks
(00:15:46) 📊 Statistics by Lincoin 📊
(00:19:45) Either You Know or You Don’t Know
(00:21:38) Hashrate Hoes 💅: Medi's Milkshake Brings All the Pools to the Yard
(00:26:31) Barnjerky Duuuude!!!!! Made with Love ❤️❤️
(00:27:41) Hashrate Aggregate or Take a Dip in the Public Pool?
(00:31:46) Jon is a Filterooor 😡 : Screw Staying Solvent
(00:34:42) Solo Mine & Fuck it ALL 🖕
(00:40:31) Moooving On...to Network Difficulty
(00:43:11) 🎣 Pleb Miner Fishing Trip: I "Catched" a Lot 🎣
(00:45:40) STRAIGHT OUTTA ND: Bifrost Manufacturing
(00:50:30) Stop, Drop, and BOOST ⚡️
(00:52:06) ACTION NEWS!!!: Altair Report
(00:56:47) Altair Flies Like an Eagle 🦅
(01:01:17) What's the Skinny on Auradine?
(01:03:45) Don’t Give Crack to Crack Whores
(01:06:11) GFY 🖕
(01:06:53) Alex’s Take on EIA-862
(01:08:45) Riot Files Suit Against the DoE
(01:12:47) Bassload Wisdom: Who's the EIA and What Do They Do?
(01:17:49) 🎭 ACTION NEWS!!! Theater of the Arts Presents "EIA-862" 🎭
(01:22:01) Lake Satoshi Beach Retreat
[00:00:05]
Unknown:
Yeah. This one before. Oh,
[00:00:28] Unknown:
it's on my dad's face. So is it? Karaoke this thing.
[00:00:40] Unknown:
Welcome
[00:00:44] Unknown:
to Uncomfortable BizFed's action news. Episode 2.
[00:00:52] Unknown:
I do know this song, mate. Sure. Sorry, John's dad, for disrespecting you.
[00:01:01] Unknown:
I'll put some respect on your name. Yeah. Little respect next time with 2 c's. Yeah. My my you know, my dad's a my dad's a snowbird, and so he goes down to Florida for, like, 8 months out of the year, and that's when he's really alive. He does karaoke. Mhmm. That's his thing. Music's running through the veins of your family, isn't it? Is is that what's going on? Yeah. I guess so. Feels like it. Fucking love music. I do love music. Like, to get on the jukebox on the pleb minor mafia Telegram group. Mhmm. Which you turned off now. I which I did turn off. Yes. So I have to turn this off to do a proper recording. Mhmm. Do you know who the, prolific jukebox players are in the Pleb Miner mafia Telegram group?
[00:01:42] Unknown:
I can have a guess that base might be in there. Oh, yeah.
[00:01:46] Unknown:
I reckon Chet might get involved. Chet does not get involved. Mm-mm. What a fuck. Yeah. But Chet Chet is playing music constantly in the mine. Like, he's got this whole music set up there. Yeah. Okay.
[00:01:58] Unknown:
Who else might I think would be doing that? Does Carl get involved? Yeah.
[00:02:03] Unknown:
That's the dude, Carl. What sort of music has he got on the off the wall shit, you know, like a lot of indie rock garage band stuff. Okay. But he's very eclectic taste in music. It's it's just a bunch of bands you've never heard. As a matter of fact, bass load said this morning, like, I've never heard of any of these songs. Okay. And interestingly enough, girl number 1 will sometimes listen to the music, and she's like, oh, I like that song. Oh, I like that song. That must be Carl playing that. So her her and Carl are, like, you know, bonded spiritually over music. It's kind of interesting. Love it. You notice how I've added nothing there? I noticed that a lot. Yeah.
[00:02:39] Unknown:
My missus gets so fucking angry with me. She sent to me the other day. She's like, you know who we first met? I was I found it really weird because I rolled out the red carpet on our 1st date. Like, I picked her up in my van and, just, you know, to show the wealth. So she she gets in. She gets in the van. She's like driving back to mine. And she said to me the other day, she's like, I did find it really weird that we just sat and there was nothing on the radio. Like, it was just silence. And I was like, yeah. That's how I always do it. She's like, yeah. I know that now. But at the time, I thought that was fucking weird, especially being like a musical person. Just like Yeah. Where there's like a gap in conversation, it's just dead.
[00:03:20] Unknown:
She's like, would you like me to sing for you?
[00:03:24] Unknown:
And now, like, she's got used to it, but there can't be anything if there's any conversation happening, there cannot be any TV in the background. There cannot be any music in the background. There could be no noise. It has to be absolute silence. Otherwise, I'll lose my shit. What do you do in a bar? The bar situation.
[00:03:40] Unknown:
Calm down. Shut the fuck up. Turn this music off. I'm trying to talk.
[00:03:44] Unknown:
My stress levels just go up massively. You get all kinds of hang ups. Yeah. I know. I'm a lot of fun to be around, as you can tell. Yeah.
[00:03:52] Unknown:
Write a book. Really great guy. Sometimes I feel guilty. I'm picking all the music. This is too much of my personality in music. Suggestions are open. You can send me music throughout the month. I'll listen to it. I have some ideas. I listen to music just alone. Regular party animal.
[00:04:10] Unknown:
Anyway, enough about music. We got any mining chat?
[00:04:15] Unknown:
Nope. Not off the top of my head. How about you? Alright, mate. No. No. I've got nothing. Cool. Well, I've got some bits to do around the house, so I'll catch up with you later. Okay. Cool. Later. L8r.
[00:04:27] Unknown:
And it's later. I'll tell you what we do have is some boosts.
[00:04:31] Unknown:
I see you've changed the colors around for me. I appreciate that. Change the colors around for you. Yeah. I do appreciate that. I want you to be comfortable. I am. I feel calm. Did you know that I recently painted my office blue? No. Do you care? I I do care. I I care about everything in your life. Even all your little hang ups. The fact that you paint your office blue to calm yourself.
[00:04:51] Unknown:
Yeah. It's like a really nice deep blue. Like a bit of a chalky kinda like if you look at the ocean when you're flying over it. Chalky. Yeah. It's nice. I feel calm in here. Good. Actually we don't need that. We need you fired up. Can you paint the room red, please? No. Don't like that color. Okay. I'll be fired up. I'll be fired up anyway, mate. Get it. Get it. Late stage huddle. Oof. This is a big boost. He's a big baller. He is a big baller. 70 1,000 sats. Thank you, mate. That is incredible. Here are some sats to try and begin to thank John for his assistance to get some of my rigs fixed. John should say y'all, but Max should say aluminium.
Garage. Some of this is for Max's perfect glasses. Oh, thank you, mate. I appreciate that. Don't think I need them. I'm pretty professional these days, but I appreciate it nonetheless. Thanks for the kind words on the immersion setup. I'm hoping soon to dunk some more rigs. By the time you read this, I hope John has a good story to tell about my second try. Well, do you? I don't have a good story to tell about, late stage hodl's second try at dunking. Why is that? Has he not tried? He's not tried hard enough. I mean, when he when he tries, he burn he burns the machines to a crisp
[00:06:08] Unknown:
is is the problem. You know, so the story goes, I think I mentioned it last month, and he he had dunked some rigs and had an issue. And and this happens. I just saw this in the Epic Universal Mining Control Board chat group. Somebody burned up a bunch of machines down in Texas because the pump went down and machines were staying in low power mode or just like survival mode, but still heating up the oil. And, you know, with all these machines, there's just a change in temperature that can constantly build and build and build, even if it's just, you know, a few 100 watts.
Not sure that's exactly what happened to late stage hodl's setup, but he had some XPs dunked, and he fried them up. So he tried to get them serviced somewhere else, and and they sent it back and said, well, there's nothing we can do to repair it. These repair facilities make the decision for you and say, well, you've got so many burnt up ASIC chips. We've determined that it's not it's not in your best interest to replace all of these these chips. So we're gonna call it things dead. Well, to a Pleb Miner that, you know, late stage hodl has invested a lot of money into these machines, a lot of money into the immersion setup in his his pool heater. And, you know, it's wintertime. It's wintertime in the south. Like, this is perfect pool heating weather. I'm sure he'd he'd much rather be swimming in sats as we've said on on episodes. Who would not? So I said to him, well, why don't you send it to fixed rigs? You know, they they've always said that they'll try to tailor things to the pleb level. Yes. They repair machines at at a high end level and and do things for institutional and large scale miners, but they still care about the plebs. So he sent the machines over, and there's been a lot of back and forth chat because we've been in a three way chat, fixed rigs, late stage hodl, and myself. So I've just been observing this back and forth between all of them. And it's like, well, this machine's messed up, but this one's salvageable and we're gonna work on it and do the best we can. So they weren't able to salvage everything, but he's getting there. And FixRigs has really done a good job of taking care of him. Excellent. That is great to hear. Thank you, FixRigs. Next is from X Patriotic, and this is a Podverse boost. So to remind everybody, you don't have to use Fountain or other podcasting 2.0 apps where you can support us. He says, I'm a dirty, bloody, statist, cunt.
[00:08:19] Unknown:
I need to be punished. Are you? Do you? How would we go about doing that? I don't know whether he is intending that to be from your mouth and your voice I hope not. And your thoughts
[00:08:32] Unknown:
or his own. Hard to know. Mhmm. Maybe I should punish myself, see if I deserved it. Try it. Why not? Little self flagellation. Okay. Mhmm. Never goes a miss. Oh, that gorilla bat. It didn't work. I I kinda liked it. It really did work. Next up is from apemithrandir. Action news. Nice. Another one from expatriotic. Only fucking podcast that doesn't make me cringe. Keep it going, and we will. There's time is going.
[00:09:15] Unknown:
Where are we gonna be in a year? Oh, he's gone from barminer to Barm Miner, Binn,
[00:09:23] Unknown:
and now it is, it's out of control, mate. Totally out of control. That's the way we like it. This is a Breeze boost that we had one from. Fountain, Podverse, Breeze, you name it. Weak bladders. Why can't you cunts get through one show without taking a leak? I tell you why, Barnminer Because we record this show for, like, 3 hours. Come on. Mhmm. And then we record another show straight after that. Yeah. Yeah.
[00:09:49] Unknown:
Work work work around here. It's a Sunday, mate. Call. Right? Yeah. Actually, I've just made myself a coffee. I've put some honey in this one as well to really hype me up. Cafetier. It is a cafetier. It's a nice one as well. It's a Bodum one. Do you have TK Maxx over there? We have TJ Maxx. Mhmm. There's a little credit. Okay. Is it like you get you go there and you get cheap stuff that should be more expensive? Mhmm. Okay. Yeah. Well, this is a Bodum cafetiere, and it should be, like, 50 or £60, and I got it for £8.
[00:10:18] Unknown:
So, yeah, that's the sort of deals we like around here. You know, when you tell me these stories about, you know, you go into TJ Maxx's retarded little brother, TK Maxx, or going to Aldi's and looking through the rotten meats that they have and see if you can find a fresh one. Yep. I I love it. Mhmm. You're a real dumpster diver. Oh, yeah. Yeah. Gotta get the deals, mate. I love it. It makes you cool. Yeah. It makes me very happy.
[00:10:42] Unknown:
What have we got? Expatriotic. I want to boost enough that one day, you send me a free hoodie. Ambitious. Very ambitious. We'll see. We'll see. You could just buy 1. He could. But, actually, a a shout out to expatriotic because this crazy fuck has gone back through the entire bit by bit catalog from episode 1. He's working his way through every single one and boosting every single one, and he's also doing a bit of writing for us for Ungovernable Misfits. So thank you to expatriotic. I will consider Mad lad.
Chet, l m f a o. John shilling, Prevhashnonce, and already got banned. This whole story is fucking hilarious. Haven't you got it back now? I did get it back. Yeah. You, like, lost yours, then got Prev Hashnonce, then got banned after shilling it, and now it's back again. It's back again. Yeah. It's hard to keep up with you, mate. Chet again. I can't keep up with all the name changes. We definitely rolled deep with those black skull hoodies. Don't fuck with plebminers, or you will find out. He's put a lull at the end, but I think he's serious. Yeah.
[00:11:58] Unknown:
That's just one of the kill you and your family. Lol. You ever used to get in the fights at the school yard and basketball court or something like that? And somebody Uh-huh. Somebody bow up on you, you know, and keep doing this flinching thing. But, like, flinch. Like, no. No. No. I don't mean flinch? No. No. No. I don't mean that. Boom. Sucker punch. Oh. I think that's what Chet is going for here. Okay. Yeah. He's, like, lulling you into a false sense of security, and then just like that. Sucker punch. See? See what just happened? You're sitting here talking about the law. Popped you. Mhmm. We didn't really do that in the UK. No. You're gentlemen. Mhmm. Queensbury rules. No. Just knives here.
[00:12:34] Unknown:
Or a machete. Yeah. No. Apparently, they're getting banned, so that's not gonna happen anymore. Oh, good. Great. I saw somewhere on the news the UK is banning zombie knives. You know, there's, like, huge fucking swords that they run around with and each other up with. Like like machetes, but, like, bigger. And I was like, oh, okay. Well, that's good. They'll go away tomorrow then. Yeah. Because we all know banning works. Yeah. Gun free zones. Yeah. Banned. Okay. That's good then. They banned drugs as well. There's no gang warfare over drugs around here. No. No. Hey. Hey. I was gonna shoot that place up, sir. This is a gun free zone.
[00:13:11] Unknown:
Hey. You you missed one from wartime psychopath.
[00:13:15] Unknown:
Did I? Mhmm.
[00:13:17] Unknown:
I just went right into expatriotic.
[00:13:19] Unknown:
Oh, it's because it's over 2 you've done it over, like, 2 pages. That's why. No. That's your fault. Mhmm. Right. Stop sign, shout sign, fart sign or wind, siren equals mind blown at high five or clap, orange heart, shake hand. Yeah. Oh. Cryptic. No tall oh, maybe that's a burp because it's like no, and then it's like a a yeah. I think that's like no burp sound equals mind blown at high five love and handshake. I think he likes my burps. That's what I think it is. Oh, man. We're solving puzzles. Mhmm. You could sort of do private key management this way. You probably could. Yeah. Do you know what I mean? I think that's probably a safe way. I think if I mentioned that's a Bitcoin q and a, I'm like, I've got this new idea. Should we, like, do everything in emojis and then just, like, remember the emojis and communicate that way to send transactions? I think he'd like it and say, that's secure. Yeah. Let's go for that. I think he might slap me right in my fucking face. You probably deserve it. Mhmm. Next one up is Lincoln.
[00:14:25] Unknown:
I assume that's Linkinparkrulz, not Abraham Lincoln. It's hard to know because he's on so many different apps, isn't he? Indeed. Showing x patriotic how to do boostograms. Well, now he knows. Hi. It's my man Paisano. Yo. Devil horns. Rock and roll sign. Devil horns. Devil horns. Devil horns. Devil horns. Devil horns. Mushroom. Mushroom. Mushroom. Mushroom. Mushroom. Mushroom. Rocket. Rocket. Rocket. Rocket. Rocket. Ties.
[00:14:52] Unknown:
Max. I did a few prison bids back in the day. At my peak, I could do 90 pull ups in a clip. I'll train you for war, bro. I appreciate that. Yeah. 90 pull ups. When he says in a clip, does that mean just, like, in one go? If so, it's fucking awesome. Yeah. I've never seen that. So, Pies, if that is true, I'll take that offer. You can train me for walk because 90 pull ups in a row. If they're proper pull ups Yeah. I don't wanna be fucking with you. Not kipping.
[00:15:19] Unknown:
Next up is nablingya wally0..dot.An anonymous podcast guru user. That's our 4th one. Fountain, Podverse, Breeze, and now Podcast Guru.
[00:15:31] Unknown:
We're quite inclusive there. Sure. Multipod
[00:15:35] Unknown:
cultural. That makes sense. Yeah. That's a new term. Yeah. Next one up is pies. M o p. Cold as ice. OG shit, son. Thank you, fountain boosters. Yeah. Thank you very much. Next up is some statistics.
[00:16:00] Unknown:
Statistics. Statistics. I'm a tell you the basics for hashing with basics Bitcoin mining statistics Statistics. Statistics. I'm a tell you the basics for hashing with ASICs, Bitcoin mining statistics. Statistics.
[00:16:36] Unknown:
Statistics brought to you by the LINK coin mining platform. Lincoin Mining has been on a tear with publishing. A few months ago in partnership with Niko Smid's Digital Mining Solutions, they've released an intensive review of the Bitcoin mining ecosystem in 2023 called the Bitcoin Mining Boom, which looked at the most significant events in Bitcoin Mining, analyzed the state of the Bitcoin network, mining economics, ASIC miner markets, mining pools, and energy usage. More recently, LINK coin released the flexible loads playbook under their sister company, LOD, and Chola Energy. The flexible loads playbook distills years worth of data, numbers, and prices in ERCOT into a comprehensive and transformative resource for the emerging industry in the flexible load space, particularly in flexible computing. And, they are doing that with Bitcoin Mining. Secure your copy of the flexible loads playbook by visiting Load's website at load, l
[00:17:34] Unknown:
o d dot I o. Oh, that's how you spell it. Yeah. Why is that? Is that just so that people, when they're typing this in, don't get something unwanted, like a massive face. Yeah.
[00:17:46] Unknown:
You don't want that. Huge flexible loads. Check this out.
[00:17:53] Unknown:
Lod lod.io.
[00:17:55] Unknown:
I'm just stirring my coffee. Yeah. So the l and then o with a line on top of it. What's that called, Max, with the the line is on top of the o. An umlaut, is it? Nope. I think that's the dots.
[00:18:12] Unknown:
Don't know. Don't know. Someone can tell us in the comments. In the boosts.
[00:18:17] Unknown:
That's how you speak to us. It is actually the best way because I still can't respond to anyone, which is fucking winding me up. So this is how I'm responding. Voice notes. Exactly. Yes. This is the way it goes. We're the ones with the podcast. You're the ones with the sats. Let's Yeah. Let's get you set.
[00:18:35] Unknown:
You'll write back. You still write back for some reason. You can still do it. I can't.
[00:18:40] Unknown:
Well, I'm cool and you're not. Good point. Mhmm. Anyway, that's lod. Io. Lod, lod.io. Lod.io. Even though load doesn't sponsor this podcast, I just felt like getting the word out there. That'll be the last load mentioned. Everything else, link coin mining. Link coin mining. Link coin mining. Link coin mining. Got it? Got it. Good. Okay. Here at Ungovernable Misfits, action news. We use LINK coin mining to derive our statistics. If the Bitcoin mining boom and the flexible loads playbook are a bit too heavy and you simply need to find out what yesterday's hash price and hash value were, visit lens.lincoin.com. Global hash rate on a 30 day moving average is 571 exahash. 7 day moving average is 563 with a high point on February 7th of 603 exahash. One day highs for the past month have been as much as 685 on February 1st and as low as 490 on February 17th. What a spread. 490 to 685.
[00:19:36] Unknown:
And what's what's the reason for that then? Is that just people turning off this whole flexible load stuff? Sure. Could be. I don't know. Nobody knows. Yeah. I'm asking the mining guru. So what do you think this is? I don't fucking know. I don't fucking know.
[00:19:56] Unknown:
It's like everybody wants an answer to everything. I'm gonna pour through all this data and and and try to figure out and and nail down. Listen, it's a global hash rate marketplace.
[00:20:06] Unknown:
To be fair, it's the most honest way to respond. I went to a family event yesterday, and a few people as the price runs were starting to come up with me and going, yeah. So it's always blokes, and it's always, like, the guys who think they really like business business. And So they'll like come up and they'll be like, yeah, so this, this Bitcoin thing, it's running at the moment, isn't it? I'm like, yep. Yeah. So, I'm reading about this halving. What is, where are we gonna be price wise? Somewhere.
[00:20:37] Unknown:
I don't know. Yeah. Yeah. So, I mean, there's gonna be, there's gonna be some some pretty big moves. Right? Okay. What are you supposed to say to that? Well, you're exciting to talk to. Join my group. Promo code ungovernable. Yeah. You know, last week, there was something we could point to. There was a demand response action going around. ERCOT had sent out a warning. Other other, ISOs send out warnings. Hey. We we might need you to participate in demand response. So that was obvious. Mhmm. These swings here, I don't know. I didn't I didn't see anything crazy. Okay. Maybe a huge mine shut down and changed out everything for s 20 ones. I don't know. Didn't see anything. If you know, leave it in the comments or boost it. Link coin mining's hash rate rose and is now 1.79xash. I'm sure Medi can answer as to why because he's watching y'all come online and managing it. Well, no. If you aren't pointing hash to link coin, get at it. Let's get them over 2 x hash by the.
Other mining pools of note, Foundry leads the pack at 176. Ant pool 152f2 71, which act that actually decreased. Everyone else rose via BTC 70 exahash and SBI crypto at 13 exahash. Here's an interesting one. 1, isn't it? Yeah. F2 is the cunty one. Yeah. The weird one. Is that that one, like, the the super autist
[00:21:59] Unknown:
who is, like, giving all his flight details? Yes. Yeah. What a fucking weirdo. Just for that reason, you can't be using them. Oh, and and giving back the transaction to, PayPal. Oh, god. That's the worst. Because if there's ever anyone you wanna take from and dunk on and give them a taste of their own fucking medicine Yeah. It is PayPal. How many times do people have their accounts frozen and all their funds frozen and taken unfairly? Oh, it would have been nice. Would have been nice. Or it would have been really nice, and I know Medi would have done this, he would have taken all of it, said, no. I'm not giving it back to you. He'd have thrown a party for all of the mining misfits, all of the pep miner mafia. We'd have gone to Hash Sluts, and there would just be video of us just smashing out all of that Bitcoin, just throwing it, throwing 100, having lightning payments flying through the air, asses is just fucking bouncing, and then just go, there's your money back, bitches. That's what Medi would have done. That's a real uncovernable motherfucker. No lies detected. It's facts. We had another big spike in hash rate from a pool, and that is ocean. They are up to 1.22
[00:23:09] Unknown:
exahash now. That's a big jump for them. But you can watch this transpire. On the 26th January, Ocean jumped from 595 exahash to 1.22 exahash. And this occurred shortly after Swan announced that they were mining 4.5 exahash, and they have plans to deploy up to 8 exahash. Mhmm. And then Corey Klippenstein posted a picture of a wave. Get it?
[00:23:36] Unknown:
What's going on with that? Have you got any insights on this whole swan riding a wave
[00:23:41] Unknown:
stuff? Like, it feels like there's something bubbling under the surface. Like, some problems are brewing to me, but I have no idea what they are. I don't know. I've never paid a damn bit of attention to Swan. They seem like cucks to me. Mhmm. There's something weird about the guy. Clifton Stine? Couple like like like the TEM crew have looked into him and who he is, who he was as a child and some a dee da cult, and they had some, pedophile on their spaces for a while. Yeah. I I don't know. Something about swan I've never liked. For years years, I haven't bought from an exchange anyhow. I I don't pay attention to I'm getting money. Stuff, this influencer shit. Yeah.
My my energy bill is enough. It's a good virtue signal. I never buy from an exchange. No. Oh, yeah. It is a good virtue. Look at me, everybody. I never buy from an exchange.
[00:24:31] Unknown:
Because I'm fucking dirt poor. I literally Right. Yeah. I agree. There's something weird. It is a little bit cult like actually. Some of the shillfluencing that goes on Little bit weird and little bit gross. So I don't know. It just feels like there's something bubbling, and then there was some sort of kerfuffle month or so ago. And then suddenly they're launching a load of mining stuff, and I'm just like, what's what's coming? Could this be the black swan? Oh, I see. It wouldn't be a black swan though because we are sort of seeing it swimming already. In in an ocean? Yeah. We're so cryptic. Something's coming. But I don't know. But I don't know. You called me the ocean. Know that? I don't know about Dorsey. I don't know about Luke. I don't know about Corey Klippenstein and the adidas cult. I don't I just don't I don't fuck with it. It's weird. Do you know you can't eat a swan here? Is that right? Why? The queen will jump out of her grave, and she'll bitch slap you. There's some royal link with swans, like, they inbred with them or, like, something like that. And they just fucking love swans. So if you kill or eat a swan oh.
Yeah. That's some ungovernable shit to do in the UK. I do it all the time. Swan's fucking delicious. No. I don't really. They probably don't taste that good, because, like, geese here, goose is fucking tasty. Like, if you get good proper goose, but if you have, like, the Canada geese that have all come over here, the noisy camps that are on the tent, the shit everywhere. If you eat them, they're not very good. They're not very fatty. They're, like, not that tasty. So I imagine this one would be similar. I think I had some when I was in North North Dakota. I get some
[00:26:17] Unknown:
loose jerky or duck jerky. Oh, oh, water. Foul jerky. I bet that's good. No. It tasted like, foul swamp water. Mhmm. The the guy it was given to one of the guys, and he said, they probably didn't bleed the ducks out properly. It wasn't lawn jerky, was it? No. But I did just get some barn jerky yesterday, and it was delicious. Very smoky, the right amount of heat, perfect texture, and made with love. Oh, that sounds worrying. It's the secret ingredient.
[00:26:48] Unknown:
Dude, dude, I fucking made it with love, dude. You don't know what it fucking means. Smoking this fucking jerky all fucking day. Nobody's helping me with all the jerky. I had to fucking cut up all this stuff and marinate it. It was whinging, isn't it? All over the fucking kitchen.
[00:26:59] Unknown:
The fucking wife's bitching at me, dude, while I was fucking jerky. I bet she never bitches. It sounds like he bitches all the time. Fuck. Yeah. He does. A fucking Barnminer just constantly bitching. Fucking hell. Yeah. Fucking lightning dude. You know why I don't like Swan? I think it's because of Barnminer. Because he he was on a tear about them a while ago. Okay. Custodial swan dude. Fuck this. Fuck this guys, dude. Fucking influencers, dude. Shit influencers. And I was like, yeah. Swan does suck. Born said so. This is where it all comes from. Yeah. He gets you riled up about anything. He's always right, though. That's the thing with him. Yeah. You just have to get past the grumpiness. Not fucking grumpy, dude. Fuck you, dude. He's not grumpy. He just talks like that. Yeah. He's actually very positive. Is he? Mhmm. Okay.
My brain Hash rate aggregators such as Luxor and Brains are at, 20.2 exahash and 9.36, respectively. Cool pools like ckpools, 39.2 petahash. That's a big reduction from last month. And Kano was at 15.08. There's a new pool to swim in for small hash rate miners called Public Pool. It's a fully open source solo bitcoin mining pool for devices like the BITAXE and the, Gecko Science Devices. That's the little USB miners, both of which can be purchased through our sponsor, Altair Bitcoin Mining Solutions. That's better. You've been fucking it up. You saw a view. Yeah. But I was copying you because you're the man that know about mining. Yeah. And what does that have to do with mining? It's it's a constellation. Do you know I always Star.
[00:28:29] Unknown:
Yeah. But I yeah. But I always thought it sounded weird when you said it. Because you'd be like, yeah. Our sponsor, Altair. And I was like, that sounds a bit fucking weird. Let's say it all gay. Altair? Altair? And I was like, okay. John knows what he's talking about. It's Altair. But it's not. It's just alter. Is that right? Alter.
[00:28:52] Unknown:
Oh, okay.
[00:28:53] Unknown:
In the Aquila system. Oh, of course it is. How do I forget that? It's a eagle.
[00:28:58] Unknown:
It's what? An eagle. That's how we'd say it in Pittsburgh. An eagle. Hello. Look over there. It's an eagle. Fucking hell.
[00:29:07] Unknown:
I don't think you hate anything more than that Pittsburgh accent. I don't think I do either. I have a lot of hate in my heart, but that really takes the top spot. God. I could go on for hours in that accent. Please don't. Hours and hours and hours. No. Stop it now. Altair. Altair.
[00:29:23] Unknown:
So you can purchase these products, the bitaxe bitaxe supra supremacy with, s 21 chips, USB stick miners, and such. When you do purchase from Altair, use promo code Ungovernable.
[00:29:36] Unknown:
Nice promo code. Can I just ask something about the BitAXE? Yeah. Please. Sure. I know we talked about them a lot, and I get, like, the basics.
[00:29:44] Unknown:
But is it kind of just to learn on is there any way that it can be profitable other than, like, if you're getting the energy for free? No. I mean, it's it's very low energy usage. It's only 1, 2, 3 chips. Okay. You know? So take a board that's got 100 something chips on it times 3. Well, you're you're only using a couple of those chips, so it it's pretty low wattage. Okay. It's a lottery miner. I don't have the statistics in front of me, but, somebody from that group, maybe it was Altair or Scott
[00:30:13] Unknown:
9000. Somebody posted up the whole lottery miner thing. Yep. Like, you're more likely to find a block with one of these small miners on public pool, the solo mining pool, than you are to win a win the lottery. Okay. But that's not saying much, is it? Like, if you had a if you had a few of them well, I guess my question is, like, so you you would only do it if you are doing the solo mining, and you would only do it as a lost tree thing. You wouldn't sort of have a few of these and join a pool. I wouldn't. I mean, I don't I don't see what the point would be. Well, I just wonder, like to pool to pool mine it. Just solo mine it. So if you solo mine it, as an example, if you, like, run an office or, you have any sort of business where your energy you write off the costs, then I suppose you could use it and it wouldn't effectively cost you anything for the energy. So it's only the hardware. So then you just have that lottery running constantly, and you could have, like, 1 or 2, whatever. I kinda like that idea, because they don't make any noise, do they? No. Not really. So there would be no reason for someone noise wise or, like, complexity wise or whatever not to just chuck one of those into their office or Yeah. An office just anywhere. Like, if you run a tire center or whatever, you've got you pay your energy is being written off. Why not just run 1? Sure. Throw them in all over the place. Okay. Hash value and hash price.
[00:31:33] Unknown:
Right now, getting 159,112 sats per petahash per day, and hash price is about $80.74. So it's a big dip in sats, but with a nice price pump, we've risen $5 in hash price over the last month. I've had a machine on Ocean since, January 7th just to get the gist of this thing and see how it works out. Tractor. Yeah. I know. Oh, I I've been using knots too, by the way, to filter all that nasty shit out. Anyway, on ocean, since January 7th, I have received not received, but tallied up 762,183 sats valued at $390. I did that same calculation on Lincoin and got 929,238 sats valued at $475.
[00:32:21] Unknown:
Okay. So let's be honest here. I know Link coin is a sponsor of the show, and Medi is our favorite fridge. Yeah. But I I assume you're now gonna move all of your hash over to Ocean? Did did you not hear the numbers? Let me do it again. Ocean,
[00:32:37] Unknown:
762,000. Lincoin, 929.
[00:32:41] Unknown:
Yeah. But who cares about staying solvent or profit? You know? Oh, I should just mine myself into the poor house. I would think so. I mean, it's all about filtering, man. Right. Well, joke's on you. Already in the poor house. Me too. Me too. But so you're not gonna move any hash over to ocean because you kinda like at least staying solvent? Yeah. I I do like that part.
[00:33:06] Unknown:
The making a profit part, it's kind of important to me and my wife. And your kids, probably. They like being fed. They do like food. Yeah. Mhmm. Mhmm. They like to be able to grow and be healthy and all that stuff. Bones and such. Yeah.
[00:33:23] Unknown:
It's weird. Like, no one could have seen this coming. No one could have thought that Ocean wouldn't be popular. No one could think like, I don't think everyone's gonna be switching over to them because they like to be profitable and make money. And, like, that's why Bitcoin works. But, yeah, I'm shocked to be honest with you, mate. Hey. Even if you're cool and wanna be Jack Dorsey's friend and you're a swanfluencer
[00:33:45] Unknown:
Mhmm. You still aren't kicking all your hash rate up to Ocean. Are you? You just put a little bit. You said you got 4 something. Ocean jumped up from 600 to, what, 1.2.
[00:33:55] Unknown:
Mhmm. Yeah. You just put a little bit on there just to be cool. Just to be cool. Yeah. Just to be part of the club. It's so weird to me that anyone normal, like, any reasonable person would use them. Like, it just doesn't make any sense. Like, I can't think that anyone hates JPEGs that much.
[00:34:13] Unknown:
They're like, do you know what? I'm gonna make sure my family isn't fed. That's what I'm gonna do because I fucking hate JPEGs. I don't know. I mean, listen. The the the hash rate aggregators and Link coin is one of them. You're kicking up hash to a a higher pool, you know, like brains and Luxor. They're and a lot of the other ones are mining with Antpool. Antpool filters out all the cool ordinals and all this stuff and then kicks it back down. As mechanic from Ocean says, you're you're Hasher. You're not really a Bitcoin miner. Listen. I I get that stuff, but we all got bills to pay. In a perfect world, I'd have enough hash where I could just mine solo. It's like, fuck everybody. Fuck all of you. What do you think you need hash wise
[00:34:51] Unknown:
to do that and it'd be reasonable?
[00:34:53] Unknown:
I guess the the main thing is, like, being able to stay solvent because you don't know how long it's gonna take to hit a block. But, like, what's the number where it's like you're gonna be hitting a block often enough that you kind of are okay? I don't know. I mean, that there's a lot of factors that go into that. What's your rate? Are you part of a demand response program? Are you required to take a certain amount of, you know, megawatt hours throughout the month in order to get that rate. How often does your mortgage due? Do you own all your machines? Do you own all your infrastructure? Do you have the trees that you have to make?
[00:35:23] Unknown:
Yeah. Yeah. But That's a lot. I yeah. Okay. But just give me a a rough kind of, like, you're gonna be needing between this range. Like, do you know what I mean? Like, are you gonna need to invest a million? Nothing I can do. I'm not gonna answer that. I'm not gonna answer that because it you know, it's just like, well, what's your runway?
[00:35:42] Unknown:
How how much of runway do you have? I get it. It's the same thing. Like, do you want me to sound like I'd I know everything? Oh, after the having. Oh, definitely. In 2 months after the having, we're gonna be at a 100 k. Do you get my nobody from the house? No. I I totally get your point. I don't know. Do you wanna answer? 5 5 megawatts?
[00:35:57] Unknown:
Which is what, like, in terms of cost to set up in in hardware, roughly? $2,000,000.
[00:36:05] Unknown:
Okay. And then what's that if you're at, say, like, 5¢? I I know, like like, Baseload and Aaron Hall are like, fucking you can't set up 5 megawatts for $2,000,000, you fucking idiot.
[00:36:17] Unknown:
Ask Aaron Hall. He knows. Okay. Ask base load. Yeah. The reason I'm asking is I'm just thinking, like, is there ever a way that you can get a load of Plebminer Mafia and like minded people who come to an agreement over a few sites where they start to do their own solo mining stuff, and they have it. That that's where my brain's going. It's like you've got Somebody is gonna have to foot that bill, though. Somebody is gonna be on the hook for that. Yeah. That's that's true. It doesn't mean it's impossible. Like, it doesn't mean No. It it doesn't, but it would everybody have to be super aligned, in which we are. We're a lot of very close people in in the mafia. Mhmm. But somebody is holding the bag at the end of the day. Why they're holding the bag? Be me holding the bag. When you say holding the bag, you mean because of the contracts and,
[00:37:05] Unknown:
like, how do you Somebody's got up somebody has to pay the power bill. Somebody has to build the infrastructure. Somebody has to have the you know, own the machines or have the loan out on the machines. What if you have a guy that just what if you have a guy that just has 5 machines there and his machines go down? He's like, I can't pay to repair those. There's just so many factors here. I assume you'd have to have some sort of fund held in Bitcoin
[00:37:27] Unknown:
for repairs. You'd have to have some sort of calculation where you'd say, okay. The people who join own their machines. You have, a certain amount that you have to pay monthly in fees for the term of the agreement for the energy contracts, and a percentage of that has to be held in case they pull out and just say I'm not paying. There there is some calculation that could be done that could reduce a lot of that risk, And then there is a calculation that could be done where it's like, okay. This is reasonable, and then people could sign up when they understand all the facts, and risks. I just think it'd be cool. I don't know. It's, it's just an idea. Why would somebody go for that idea because they care. Versus just a traditional hosting thing? Because it's cool. Like, it's it's a good way to actually have more control, and it's also like a counterweight to the of something like ocean. It's, yeah, more control
[00:38:23] Unknown:
and a bit of a fuck you to that kind of shenanigan. Yeah. But I get We have a friend of the show who has pretty good hosting rates and will do things like you buy a PDU, essentially. You buy a PDUs worth of machines, I think, or half a PDU, 12. Mhmm. And they'll give you the good rate. But within that 12, you can mix and match, with people. Some perhaps one person said, like, well, I'm gonna kick up 8 machines, 7 machines to this, and I just need somebody with, 2, 3 machines to partner with me. Uh-huh. I'll pay you out every month Mhmm. What those machines earned. But the account or the contract is under me. Yes. Okay. But even in that sense, you're probably still pool mining. I don't know. This stresses me out. What I would like to do someday in the dream world is to find a site around here, in PJM that I can run cows on, that's by a substation, that I can sell to in some other investment group that wants to put down 4 containers worth of machines because they think Bitcoin is cool, and they like to just throw their money around. Mhmm. Carve out some space for myself on that. Throw down a couple of containers.
Spray paint a big ass pleb minor skull on there, throw a bunch of my own machines in there, but leave space open at a really low rate where I'm just like, cover my costs plus whatever is worth my time. Mhmm. And then the rest of the mafia can get in. Like, I I would be willing to do that. Of course, I don't have any of this shit. You know, I'm just thinking in a perfect world, if we want to be altruistic and and take care of people, and I'm not a fiat cunt y motherfucking piece of shit, I would carve out space like this friend of the show basically does. I would carve out space for for for more plebby kind of stuff. No MOQ. Good people I know only. Mhmm. Whatever my rate is, plus, you know, a little bit extra cost. That's pretty much what this guy does anyhow. What happens with the cows? They just fuck around outside. Yeah? Yeah. They they They're not in class and shit. Running in the mud or anything. No. I I wouldn't expect them to work there at the mine. I don't think they have the dexterity for it. They've got hooves.
Mhmm. It's not good around machines. Not really. They scratch themselves on them. Mhmm. Can we get back to statistics? Yeah. Let's move on. Network difficulty. Over the past month, difficulty has risen from 70.34 to 75 to 81. That means over 2 difficulty adjustments, we jumped 16.1% in difficulty. By the time you hear this recording, it's likely we'll have had a small difficulty adjustment, maybe downward, of about negative 4%. Let's hope that sticks by the time you hear the show. In 2023, there were 27 total difficulty adjustments. 7 were down. 20 were up. The biggest increase was 10.26 percent.
I read this last month, but it's just such an interesting statistic. I wanted to read it again. Transaction fees as a percentage of block reward. We had a big day on February 2nd with transaction fees as a percentage of block reward hitting 19.68%, but the rest of the month has been a steady decline. In studio with us, we have our good friend, Boty McBotface. What's up, brother? Let's
[00:41:30] Unknown:
fucking go, my dudes.
[00:41:33] Unknown:
Someone's excited. Yeah. You've been doing rails for breakfast, buddy.
[00:41:38] Unknown:
Yeah. What's up, buddy? Why are you so pumped up?
[00:41:41] Unknown:
I am ready for the hal-finning. I'm getting new machines online. I just secured a new site in West Texas. ERCOT don't know what hit him. Yeah. I got my dude based load on the team getting me some sweet energy deals. Demand response are maximum overdrive. I am ready for anything.
[00:42:01] Unknown:
I love the energy. Yeah. Got baseload on the team. Hey, Medi. Not Medi. Hey, Boty. Wait a minute. Is Boty and Medi the same person? That's a good question. I don't think so. I think I think they're quite different characters.
[00:42:13] Unknown:
Yeah. I'd say so. Hey, buddy. Did you hear that link coin is now doing lightning payouts? That's pretty exciting. Oh, hell, yeah. Medi has been working hard on load, but still had time to implement lightning payouts to serve the small scale plans. Are you gonna be using the Lightning Payouts for your rewards? Who? Me? Nah. I received big chunk UTXO sent to my Paynym because I'm a baller.
[00:42:53] Unknown:
Boty just rolling out his Impala. Three wheel motion.
[00:42:58] Unknown:
Sometimes I forget.
[00:43:00] Unknown:
You gotta be reminded.
[00:43:03] Unknown:
Mhmm.
[00:43:07] Unknown:
Boty is a baller. Drop that ass. Max, as you know, I went to North Dakota to go ice fishing. You know? I was very jealous. Did you catch any ice? Yeah. Caught a ton of it. And fish, too. Really? What did you catch? We catched, we catch these massive Catched? Did I say catched? You did. I didn't. No. Edit that out.
[00:43:33] Unknown:
Make me sound smart.
[00:43:36] Unknown:
We as a group, this was like a, plebminer trip sponsored by Aaron Hall of Sundog Mining and Bifrost Manufacturing to, to bond over sitting in a vehicle with holes in the bottom of it where you dipped a minnow into the water and pulled out perch. How was the bondage? It was good. Yeah. You rascal. You almost got me there. It was good. It was tight. You know? It hurt a little bit, but you eventually get to like it. And who dipped their minnow in first? Oh, come on now. This is too much.
[00:44:14] Unknown:
No. It looked like a lot of fun. You sent me some pictures of the fish. Do you eat them in the end? They're they're in my freezer.
[00:44:21] Unknown:
I brought some home. Mining Misfit brought some home. They're just in gallon ziplock bags that we put in our luggage. And And what do you do with them? You can just, like, put them on the grill or something? Well, I think we'll do a fish fry. Like, Sarah asked me the other day. What am I supposed to do with these big gallon bags of fish? Am I supposed to defrost these out all at the same time? You guys didn't individually wrap these? Like, no. We caught a 130 something fish. What did we see? Yeah. No. They're just little, but, what we'll probably do here is just have a have a big fish fry. I assume this fit will do something on the same. What's a fish fry? Like, you bat them and chuck them in the fryer. Right, mate. Fish and chips. You never heard of that? Is that what you're doing? Yeah. Yeah. That's what we'll do. Newspapers and all. Oh,
[00:45:05] Unknown:
nice. I know how you do. Do you do enough salt and vinegar? I think that's a letdown. A lot of people don't do enough salt and vinegar, and then it's just not the same. I will. I will do I will do the salt and vinegar. A lot of it. Like, really just pucker pucker you up. Mushy peas, curry sauce. What? Curry. Yeah. Curry sauce. English. Yeah. Curry sauce is more like a northern thing. Tell me about it. Yeah. So go on. Talk to me about this trip. I saw from the pictures muscle cars, welding, fishing, load of toys everywhere. It looked like a lot of fun. I wanna go and work there. Where do you wanna work? At Bifrost Manufacturing.
[00:45:52] Unknown:
That's right. That brings us to our sponsor, Bifrost Manufacturing. Straight out of North Dakota on the ice fishing trip, we visited the Bifrost Manufacturing Facilities and got to see all of their capabilities. Aaron Hall was nice enough to let Misfit and I roam around the the building and the facilities and use whatever dangerous tools that they had available at the machine shop. If we wanted to use the water jet cutter, we could use it. If we wanted to weld, we could do. If we want to TIG weld, we were more than welcome to do that. Whatever we wanted to. If we want to mess around with muscle cars, rebuild an engine, you can do that there too. 3 d print something fun, You can do that too at BlackRock Manufacturing.
Yeah. We got the full tour of the facility there. And, the last day we were there, they even let us weld some stuff. Like, I've only spot weld in my life, but they have a team of really, really good welders. This is a very young shop in there. They have some older guys that work in the shop, but this is pretty much guys in their twenties thirties with a lot of energy and know how, very skilled guys in all kinds of different machining arts from design, drafting, welding, 3D printing. You name it, these guys do it. It's like it's like Willy Wonka's factory in Bifrost manufacturing.
[00:47:11] Unknown:
That's what it looked like. Different room what's that? I said, that's what it looked like. I was seeing these images coming over, and I was like, this is amazing. It had, like, a fully stocked bar. It had muscle cars. They had the most unbelievable equipment everywhere. I saw plaid minor hoodies
[00:47:27] Unknown:
attached to welders. Yeah. Just yeah. It looks fun. It is fun. It's a kind of place where they they get the work done in the day, and then after work, you can stay and and, hang around, work on your muscle car, work on your truck, work on whatever project that you have, use the facilities. It keeps these guys engaged and creative and working. I've been in a shop culture my entire working career, so I've seen a lot of different shops and shop dynamics and shop culture. And sometimes it works. Sometimes it's very positive. Everybody has a good time. Mhmm. Everybody's friends. The creativity builds. The work ethic builds. There's a competition there. Or you can have a really negative shop. Everybody hates each other. Everybody's catty. Nobody takes care of the place.
It's not clean. That's not the way Bifrost Manufacturing is. Those guys run a tight ship there, but they still have fun. There's a really good culture at Bifrost Manufacturing. Work hard, die hard. Yeah. That's exactly what they do. Aaron is like the dad there. You know? He, just kinda roams around. Everybody's got a lot of respect for him. The real task master there is is Killian, and this is a young guy, and he brought over a crew of of other young guys that were in the aerospace industry. Mhmm. And their souls were kind of being sucked in the aerospace industry. Oh, what the They're doers. They're workers. They're creators. And as Aaron had said, they're they were kind of ruled over and suppressed by Excel engineers, you know, spreadsheet engineers.
Their creativity is is allowed to just flow freely, weaving that into an ad read for Bifrost manufacturing. The stuff that you send over to them, whether it's mining related, industrial manufacturing related, they can create something for you because they're free to create. They're free to innovate. Mhmm. They're not just the kind of organization tells you, well, that's not typically what is done, or we don't know how to do that. They'll figure it out. Because it's not it's not standardized, so we can't do it. These guys can think. And they have the time to think. You know, it it it's not like listen. They do mass manufacture stuff there. I'm I'm not gonna bullshit that. I mean, Aaron was just telling me the other day they were printing end caps for rails. You know? So there is a lot of that, but they also have the time and the freedom to create and innovate and invent and work with you on pretty much anything you can think of. They're Imagineers.
[00:49:46] Unknown:
Imagineers. I like that. Yeah.
[00:49:49] Unknown:
So, anyways, check them out. It's Bifrost Manufacturing.com. Bifrost, b I f r o s t, manufacturing.com.
[00:50:01] Unknown:
Well, can you do what I read? Bifrost Manufacturing.
[00:50:04] Unknown:
Thank you. Or follow them on Twitter, Bifrost m f g. All in all, the trip to, North Dakota was a good one. I not only got to tour Bifrost, but bond with, a few of the Pleb Miner guys, Jamie Bergen, Misfit, Aaron Hall. That's good. These small scale pleb get togethers are where it's at. We were already brothers before, but after something like that, fishing trip, eating jerky, enduring the cold North Dakota weather, it's very bonding. What's that next? It's time to stop. After all. Everybody, stop what you're doing right now and boost the show.
Boost are terribly important to us. They help us pay for editing for the show, lets us know what you like and what you don't like about the show, and then enables us to free ourselves from reaching out to sponsors that aren't cool, like Bifrost,
[00:51:03] Unknown:
like Lincoln, like Altair. You like the show? Give us a boost. You don't want us having country sponsors, do you? You don't want us swanfluencing, so we appreciate some boosts.
[00:51:13] Unknown:
And we'll also know if they're coming now because we can see now, can't we, because of what Lincoln Park rules has done for us. We can see exactly the time stamp of when these SATs roll in. Thanks, Lincoln Park. Yeah. For all the cool new tools you've brought to us. Mhmm. No doubt there's gonna be some sort of GIF or image as people are seeing this. Yeah. That's one of my favorite things about working with, working with Jordan is he knows all the ins and outs of this stuff, like how to make chapters and the transcripts and have it all time up and how to put the GIFs in there. No. No. I had a lot of fun making the chapters on the last couple episodes with the GIFs. People appreciated them. They did. I had a few people reaching out to me saying how much they enjoyed them. So, yeah, any
[00:51:51] Unknown:
boosts are very welcome and appreciated so that we can keep running things. And, yeah, pay this editor who seems to be doing a pretty good job so far, and hopefully, it will free us up to do some more creative stuff. So that's exciting. And now Blood Miner,
[00:52:08] Unknown:
action news. This is Ungovernable Misfits Action News, your trusted source for news in the Bitcoin mining scene. Our whole pane of journalists are dedicated to uncovering the stories that matter most. What's that in the sky? Why, it's all tear with minor news. Turn up the bass with base load. Contributing maverick journalist Dick Greaser from the Bitcoin bugle and the ever present Barnminer. And now, Ungovernable Misfits, ACTION NEWS!!!. Eventually, this girl turned Barnminer into a goat. A grumpy goat. Yeah. Bad dude. Bad. Bye, my jerky dude.
Alright. Enough effing around. This show's going on long enough. First up, our, new sponsor, Altair. Altair. Altair. Altair. Altair. Altair. Got it? Altair? No. No, you dumb fuck. Altair. Altair. Who tair? Al. You tear. She tair. We tair. We all We all tair. Yeah. That's it. Altair has a, a little mining report for us. I said, hey, Altair. What's going on, man? What's going on in mining? Boom. 2 seconds later, typed all this shit out. Synergies. The year of the dragon has begun. China has resumed operations following the lunar new year to now the year of the dragon. What does that mean? I don't know. Not Chinese. You know, the the Chinese, they take a break for this, so no equipment's coming out. Okay. All the ASIC dealers said, hey. Just forget about it. It's gonna be a little bit. You just let them have their Chinese Lunar New Year. And then after that, they'll start pumping out machines again. And pumping out machines, they are. They're saturating the market with s 20 ones. S 21 prices for the 188 terahash s 21 units are rapidly declining and have dipped below $4,000. Get them while they're hot. Bitmain has also transitioned from having 4 temperature sensors per hash board to 1 in each chip, resulting in over 100 sensors per hash board on the s 21. While this adjustment may prevent chip damage from localized overheating, many users are encountering issues. That's a lot of sensors. Sensor issues. Yeah. You're going from 4 per hash board to temperature sensors.
Temperature sensors on each chip. That's just a lot of points of failure. So there's just a lot this is when I was selling cars,
[00:55:02] Unknown:
all the time that we were having problems or most of the time we're having problems, it was fucking sensor problems. People would come back. They're like, oh, I've got these lights on my dash. There's this problem and that problem. Every time it's like plug in, it's the fucking computer. It's the sensors, and you have to, like, fuck around. And then it wasn't actually anything wrong. It was just a sensor issue. Mhmm. I imagine that's what's happening now with these things. Also coming from Bitmain,
[00:55:25] Unknown:
each miner will soon be equipped with a check engine light. Which you can ignore. Yeah. Just go ahead and don't pay any attention to that. Unfortunately, too many of these temperature sensors and faults, and, the machine says, hey. I'm gonna stop asking. That ain't no good. Mhmm. You don't want s 21s are struggling to operate at full power even in the cold winter conditions due to 1 or 2 chips overheating. Somebody that we pay attention to and is in the mafia, checksum 0, said he deployed a whole bunch of S 20 ones the other day and had none. That's 0 dead on arrival. So that's that's pretty good odds. Time will tell with all this stuff as it does with everything. That's why I don't buy new models of cars when they come out. Actually, I don't buy new cars at all, but, total frame up rebuild, like the the Toyota Sequoia and and Tundra now, hybrids. I'm a let that flesh out for a little bit before I look at those things. Whatsminor attempted to outdo Bitmain by introducing the 128 terahash m 60 units in the Q4 of last year. However, these units are no longer available for sale. Whatsminer only shipped m60's in very limited quantities, leaving Bitmain with a clear advantage in terms of paper specifications.
However, reliability is a whole another ball of wax. Why did they only ship such limited
[00:56:40] Unknown:
supply? Just because they couldn't produce them or they didn't have enough sales or or you don't know?
[00:56:46] Unknown:
I don't know Okay. Is the answer. Okay. Do you know who may know who is our new sponsor? Ungovernable Misfits ACTION NEWS!!! is sponsored by Altair Bitcoin Mining Solutions. Altair Bitcoin Mining Solutions. That's Altair, altairtech.io, has just about everything you could possibly want for Bitcoin mining, from small scale to large scale. You want a couple machines? You want a bunch of machines. You want a USB stick miner. You want a fan. If you just wanna talk, maybe you want your fortune read. It's in the stars.
[00:57:37] Unknown:
What about if I wanted something shipped to the UK?
[00:57:41] Unknown:
Could they do that? Hey. That guy will do it. Really? Yeah. And this is one of the exciting things about having Altair as a sponsor is he ships internationally. He cares to ship internationally, which a lot of other, hardware sellers don't He's always got the UPS man at his door, DHL, FedEx. He knows them all. He'll ship it. I love it. Anywhere? EU, UK,
[00:58:07] Unknown:
America, Australia?
[00:58:10] Unknown:
Just ask. Yeah. Just ask. You'll probably do it. Max, you want a machine? I want several machines.
[00:58:16] Unknown:
One thing I need to remember if I do order some machines though is to use our code, which is ungovernable.
[00:58:23] Unknown:
Little affiliate link. I'm sorry. What's that?
[00:58:26] Unknown:
Ungovernable. For those who can't be governed, use CODE UNGOVERNABLE. We'll put a little affiliate link as well. Crown's gonna put it on the website. We're getting so professional, mate. I think so. Yeah. It's, kinda weird. I like it though. The professionalism? Yeah. We're still shit and we're still clever, but there's just like, we've got people around us who are really professional. Do you know what I mean? Yeah. Big area. We're still just fucking around just being useless cunts. And then we're like, Crown, can you do some really cool shit that just looks amazing? And he's like, yeah. I can do that. He doesn't even say, yeah. He just does it. He just does it. Same with Lincoln Park rules. Just does shit. It looks it makes us look good. Mhmm. We have to just keep reminding people that it's actually those 2 who are doing stuff. Yeah. Crown and Lincoln Park rules. Thanks for carrying us. Yeah. But everyone who's listening to this and seeing all the cool stuff, don't expect
[00:59:22] Unknown:
great things from me or John. Just know that we're being carried. Yeah. We are nice guys, and we're kinda funny. That's really about all we have to offer. Yeah. I can cook really well. Oh, that's nice. Yeah. I'm quite like decorating. I can lift things, you know, like if you need me to carry a log or dig a hole, I'm pretty good at it. Really? Like a little mole? Yeah. Yeah. Like like, dig this up. Okay. Dig these post holes. Alright.
[00:59:50] Unknown:
And just do it. Carry the post over. You can do all that stuff. Mhmm. Pretty well. Yeah. Okay. I'll bear that in mind.
[00:59:58] Unknown:
Give me give me a call. I'll go over and help help out. Anyway, a big whoop whoop to altairtech.io. Great website, great customer service, appeals to all scale of Bitcoin mining, cares about all scale of Bitcoin mining, is a mining nerd. Like, he really gets excited about this stuff. When somebody comes out with a new, home heating build, he's super psyched to see it. Yep. Supports that public pool, the the BITAXE pool that we talked about earlier in the episode. Like, there's even a promo code for that pool for for alt Altair. I said it right. I don't know. He's just everywhere. He throws a lot of love and support out to the plebs. Super plebby
[01:00:40] Unknown:
guy. Happy with him as a sponsor. Very happy. Yeah. I could sense that when we did our call for the sponsorship. Where people have been around the space for long enough, like, people, like, start to get a bit miserable, but not this guy. No. No. He's he's not a crypto bro. No. Who really
[01:01:05] Unknown:
lives, eats, and breathes Bitcoin and has been in it for a long time and still loves it. Yeah. That's cool. Well, we appreciate the sponsorship, and I appreciate that you're actually sending stuff out to the EU and UK. That's cool. No doubt. I asked Altair for the skinny on these Auradine miners. I don't even know if I'm saying that right. And he said he spoke to Auradine a few months ago, and they appeared to be primarily interested in catering to large scale customers initially. And this is the way that kind of thing goes. Like, was that fun? Yeah. The Dessi We Miners last summer, Cadillac of Miners, really cool thing, got all these copper heat sinks and whatnot. It's it's just not made for the individual. He made a tentative agreement to involve Alta Alta Air Tech as a distributor once they were ready for the mass market, but he hasn't received any updates from them. So apparently, they aren't ready for widespread sales yet. Okay. He says he remains skeptical of new players entering the semiconductor space.
The industry naturally tends towards monopoly due to the high capital requirements. Intel held the lead for 40 years, and it seems like TSMC and its partners like Apple, NVIDIA, and Bitmain will maintain dominance for decades to come. He wants us to recall the hype surrounding the Avalon a 14 release in September 2023. However, we have yet to see any units in action. Ultimately, success in this field boils down to which Bitcoin ASIC designer secures allocation with TSMC next, the only formidable contender he foresees on the horizon that perhaps block due to their ability to invest large sums at Bitmain. So perhaps Block will be a contender here soon enough.
That Auradine Miner just mentioned, a little bit of info on that. If you're ever able to get your hands on one, it's a pretty powerful group of machines. The Auradine Teraflex Bitcoin mining system touts the most advanced silicon chip technology with auto tune technology and fleet management. So the fleet them doing fleet management is interesting because it kinda busts up against Link coin and and Foreman who provide the same service. Its a t 2880 air cooled system has an efficiency of a 161 joules or jeez. 16 joules per terahash at 260 terahash, and the AI 3680 single phase immersion system tops 15 joules per terahash at 375 terahash.
So they're powerful machines. You're just not likely to get one. That's really fucking good, isn't it? I've not heard anything
[01:03:24] Unknown:
as low as 15 joules per terahash and as high as 375. Is that the BPS machine?
[01:03:30] Unknown:
I think so. The s 20 one's about 17. Okay. 188 to 200 by comparison. Impressive.
[01:03:37] Unknown:
So it's amazing. You just can't buy 1, and we don't have Yeah. Yeah. Pretty much. That's it. Mhmm.
[01:03:45] Unknown:
Okay. Next bit of information we have on action news. The Energy Information Agency form 862. Did you hear about this, Max? I heard about it.
[01:03:56] Unknown:
I'm not that informed, so you're gonna have to fill me in a little bit, but I get the basic idea. Mhmm. They want more, more, more, more, more, more, more, more information. And, yeah, it seems that these people just want power. They want compliance. Mhmm. And compliance is like feeding crack to a crack addict. You should never ever give them a taste
[01:04:22] Unknown:
because it is never enough for these crack whores. Yeah. They're always wanting more. Man, you said it. I wasn't, I wasn't ready for the crack whore analogy, but you're spot on. No teeth. They'll suck your dick for just a little bit more power. I think the problem is they have, like, 1 or 2 teeth. Oh, it's great. Off and jagged. Yeah. Yes. All right. The EIA Form 862, they said the purpose of the cryptocurrency mining facilities survey
[01:04:53] Unknown:
is to address the energy intensive nature of cryptocurrency mining, particularly Bitcoin. The survey approved by the Office of Management and Budget under emergency provisions aims to provide detailed information on mining services, energy usage, and impact on the power system. Vocal fry. The survey was sent out to 82 miners on February 9th.
[01:05:21] Unknown:
You just know it's exactly the type of people who work there. The office of management and budget. Yeah. OMB. Oh, fuck
[01:05:33] Unknown:
off. All their Zoom meetings are just filled with vocal fryyyyy. I mean, don't you take me seriouslyyyyyyy? When this came out, of course, the Penis Dorter types jumped on spaces. All right, everybody, we got to talk about this. We need to talk about compliance and what we're going to do. And let's get together as an industry and figure this out. How do we respond to this? He said things like that the survey will help us better understand how often bitcoin miners are balancing the grid across America. We need to work together to ensure that lawmakers and regulators are well informed on the potential of Bitcoin mining. My reaction to that was, if Bitcoin is a threat to global power structures, that means the man, the EIA, the gobleormant hate you. They fucking hate you people. Listen to me. They hate you. What do you say to them? Go fuck
[01:06:28] Unknown:
yourself. Every time. That's your initial reaction. Mhmm. The government comes back. Y. What's that? G f y. Say it again? Fast. G f y. That was fast. Mhmm. Or you take it slow. You do it fast maybe, but then you can take it really slow, and you can just go go fuck yourself. Throw in a cunt if you feel brave. Go fuck yourself,
[01:06:50] Unknown:
you cunt. You know what I mean? Yeah. That was my reaction. Mhmm. Alex had a good take on this, our old buddy, Alex. He said the registry serves as a tool for surveillance and tax enforcement, allowing authorities to track mining activities and income more efficiently. Exactly. Exactly. His second point, concerns about grid stability seem exaggerated with other threats like physical sabotage posing more immediate risks. The bill, which wasn't a bill. It was just a survey, may not address the most pressing issues facing the grid. 3, the registry could lead to restrictions on foreign investment into mining operations, potentially facilitating nationalization or confiscation in the event of conflicts with countries like China. Oh, that's interesting.
Mhmm. And his last point was similar to operation choke point. The registry might enable federal pressure on utility providers, complicating setup and operation for miners. This could favor larger regulated mining companies, and we constantly see this. Why are there 3 car manufacturers in the United States? Basically? Nothing's getting past, Alex. No. No. No. Nothing. He's very, very sharp, that guy. He's
[01:07:56] Unknown:
exactly right. And, yeah, I don't think there's any argument for any other way of looking at this. They are not your friends. They are not gathering this information to help you.
[01:08:06] Unknown:
It's to rape you. Everybody was on this spaces call with with penis daughter, and the amount of, yeah, yeah, you're right, was absolutely disturbing to me. It irked me. As we've always said, and I think this is a reason why we do this show is is to remind everybody the ungovernable, rebellious side of Bitcoin mining. Even at larger scale, 5, 10 megawatts, you can still be an ungovernable misfit. You can still be a a pleb miner. Don't ever forget where you came from. If if you came from there, a lot of miners didn't. This is true. This is true. Yeah. But keep that flame alive. We're fucked otherwise. They get their claws in. Yeah. They don't let go. 1 of the first to publicly, push back against this was actually Riot.
So kudos to them. Congrats. Riot, along with the Texas blockchain council, filed a lawsuit against the Department of Energy and claimed that, one, this case is about sloppy government process. That's actually in the and think it's in the court filings. Sloppy government process, contrived and self inflicted urgency and invasive government data collection. Riot's lawyers were spitting fire. They said on January 24, 2024, the EIA urgently sought the office of management and budgets approval for collecting private energy data from cryptocurrency mining operations, citing potential public harm without immediate action. The OMB hastily approved this request, violating procedural laws and acting arbitrarily. Despite these breaches, the EIA proceeded with data collections, coercing companies like Riot to respond under threat of penalties. Without court intervention, affected companies face immediate harm from disclosing sensitive data to the EIA without proper authority. So they made some great points, and the judge absolutely agreed with them.
Wednesday of this week, I'm not ready for this, Max. I'm not ready for prime time. Well, here's wait. Look. I have the court documents here. Oh, I can hear them. They sound heavy. Yeah. Yeah. I sent body over to, Texas to pick these up. He has a printer into his ass? No. He he physically picked them up at the courthouse. Oh, okay. Yeah. He rode in his impala. Of course, he did. 20 inch blades. 20 inch blades. Yeah. Absolutely. So the judge in in this this court filing basically said, yeah. The EIA, fuck you. Like, what what are you doing? He said the EIA commits, not to seek or impose any fines, penalties, or any other adverse consequences based on a failure to respond to the survey before March 25th, the 1st business day after March 22, 2024.
The EIA further agrees that it will sequester and not share any data received for any party responding to form EIA 862. So the judge ruled. The EIA said, okay. Fine. We're not gonna do this. We're just gonna maybe just delay this. Everybody is gonna have to pay close attention to this. This isn't their first shot across the this is just a shot across the bow. They're not finished. I believe this is just a stay. I'm no lawyer. Alright? But they took this down from their website. I wanted to do the show, and, we've got something going on here in a few seconds. I wanted to see the form. I saw it all over the Internet, then I saw the questions. I said, I want to download this form and just kind of poke around with it. They took it off the website after this this court filing. Sneaky. Sneaky weasels.
They'll be back. In the court filing, it says, in light of the arguments presented by the defendant's counsel, plaintiff has alleged 3 main sources of irreparable injury. So this was finally what they claimed. Hey. This is what's gonna happen to us if you let this go on. Number 1, nonrecoverable costs of compliance with the survey. You gotta fill it out. You gotta have somebody go around the mine and figure out what's what. What is this machine's terra hash? What is its power usage? That takes a long time. 2, it's a credible threat of prosecution if they don't comply with the survey. And number 3, the disclosure of proprietary information requested by the survey, thus risking disclosure of sensitive business strategy.
So the judge determined that they get a case. They get a point. You only get 30 minutes to complete the survey. 30 minutes. If you get a mind with a 1,000 machines, how are you gonna complete the survey in 30 minutes? Don't do the survey. The judge determined that, it likely violates some kind of law and that the survey is arbitrary, capricious, and abuse of discretion. So thank you to Riot for bringing the suit on. Thank you for being one of the few organizations that fought, that at least tried. I'd like to know how many of the 82 actually started filling out the paperwork. Many is my guess. I bet they came with suggestions. Hey, how can we work with you to give you more data?
[01:12:43] Unknown:
You wanna be your friends.
[01:12:45] Unknown:
They want preferable
[01:12:46] Unknown:
treatment. Yeah. They do. We're lucky to have somebody in the the energy procurement industry like Bitcoin Bassload. So he's gonna stop by here and give us his take on everything. Okay. What's up y'all? Pace load stopped by and gave us a write up on what the EIA is and his thoughts on this survey controversy. I'm gonna read parts of it, but the whole piece will be published on ungovernablemisfits.com under writings. He says recently, there has been initiative by the US government to obtain identified commercial industrial cryptocurrency miners. He says personally, I think it's it's interesting that it's been reported that only the identified ones are required to provide detailed information back to the government or else be fined $10,000 a day. While we can unpack this a little bit, let's talk about who the EIA is and what they do. He says the EIA was started in 1977 as a statistical agency for the Department of Energy. It provides policy independent data, forecasts, and analyzes to promote sound policy making, efficient markets, and public understanding regarding energy and its interaction with the US economy and the environment.
That's the DOE's definition of what the EIA is. The EIA also defines themselves, which I think is kinda funny. They said the US Energy Information Administration is the statistical and analytical agency within the US Department of Energy. They collect, analyze, and disseminate independent and impartial energy information to promote sound policy making, efficient markets, and public understanding of energy and its interaction with the economy. And by law, its data analysis and forecasts are independent of approval by any other officer or employee of the US government. He points out that you can see the difference in the definitions between the Department of Energy who oversees the EIA and the EIA itself.
It's like you saying to your kid, hey. Your name is Johnny. You're 10 years old, and you're a boy. And Johnny going, no. I'm not. I'm a 50 year old woman. You're a 50 year old woman? Well well, Johnny, not me. It's somebody else named John. Oh, okay. Maybe I shouldn't have picked Johnny. Billy.
[01:15:30] Unknown:
I was like, I had my suspicions, but here we are. What gave it away? The vocal fry. It's that Ms. Doubtfire vibe. Hello.
[01:15:43] Unknown:
So now that you know the definition, did you know that the EIA was the first government agency from the DOE that was on the Internet? Isn't that cool? They're so progressive. Yeah. That is actually really great. So they've been on the Internet since 1995. It's like, what better organization to send out a survey to Bitcoin miners that they're progressive and cool. Can we change our view on it now that I know this little,
[01:16:05] Unknown:
gem of information?
[01:16:06] Unknown:
Yeah. Right. We like them now. They're awesome. Alright. So let's look at the survey itself. The EIA is asking cryptocurrency miners things like, who's your electricity supplier? Please report the company name of the facility's electricity provider. It's like, who who the fuck are you? He said they are asking what kind of mining equipment the miners have. They wanna see electricity invoices. If you identify yourself as a cryptocurrency miner, ask yourself, does anyone else do this as an industrial consumer of electricity? Isn't the whole idea of deregulation to do private negotiations for electricity supply between customer and energy entities without the ability to have to disclose the strategy you negotiate. Does anybody else do this as an industry? Do they? I don't know. But that's the question that needs to be answered. Why target Bitcoin mining specifically? Because they care, John. They care. They wanna help us.
They like this movement. He says full disclosure, the EIA data is quite good with providing articulated data in multiple energy types. So when they're performing their assigned tasks by the DOE Department of Energy, they do a pretty decent job of it. But his challenge would be to say, if miners have to do this, why not every industrial consumer do the same thing? His final thoughts are the EIA literally has a unit of measure in the form ei 862 entitled burden hours. Yes. You read that correctly. They are measuring the burden of you punching that information into a keyboard in hours. So they admit themselves, this is a burden, but they only give you 30 they they say it's it should probably only take you about 30 minutes to fill this out. It's only a burr.
[01:17:44] Unknown:
It's only half a burden. Hey, yooo.
[01:17:47] Unknown:
It's a really good one. Thanks, John. Here at Ungovernable Misfits, we have some advice on how to answer surveys such as this because it will be coming back around. So we want you to be prepared in a little bit of Ungovernable Misfits theater. I will be playing the role of the wrinkle dick government bureaucrat, and Max bit by bit, of course, will be playing the role of the ungovernable misfit. Oh, so I'll just be answering your questions, will I? That's correct. And you won't even have to play a character. You can just be yourself. Okay. Just just a twat.
[01:18:22] Unknown:
I can do that.
[01:18:23] Unknown:
Hello, mister bit by bit. I'm Edward Wrinkledick from the EIA, and I am here to help you fill out this survey. It should just take a quick 30 minutes of your time. If you could just go along with me, I'd really appreciate it. Sir.
[01:18:39] Unknown:
I'm here.
[01:18:41] Unknown:
Okay, sir. Good. Good. First question is, what is the facility for which this schedule is being completed? Like, what's what's the name? The name of the facility is Hash
[01:18:53] Unknown:
Sluts.
[01:18:54] Unknown:
Hash Sluts. Is that with an s or a d? S. Hash Sluts. Very good, sir. And the address of this facility?
[01:19:06] Unknown:
The address is 6969 420 g f y, Intercourse, PA.
[01:19:16] Unknown:
Okay. I have that as 6969420gfy. Is that a road or a a boulevard? G f y g f y street? Just You don't have to you don't have to answer that, sir. Just g f y. Okay. I'm sure that'll come up in the post office's database. And this is an intercourse PA. Correct? Can confirm. Can okay. Good. Who is your electricity provider, sir? The Sun Bro. Sun Bro. Sunbro Incorporated. I'm just gonna write down Sunbro. Okay. Let's talk about your cryptocurrency mining characteristics. Okay. Let's please report each one of the following characteristics. If actual data is not available, please provide your own estimates. Okay, sir? Alright. What is your mining unit count? 69.
69. That's a popular number for you. Okay. The, mining unit age? 420. Sir, it is that month or months? 420 months? Weeks? Whatever you like. Let's go with weeks. Okay. So you're being hostile. That's fine. I'm sure a $10,000 a day fine will set you straight. Next question is, what's your mining electric load? On your mom's face. Rude. Okay. And your approximate mining hash rate? 69. 69 again. Thank you, sir, mister bit by bit. We appreciate you filling out EIA form 862, and, we'll be in contact with you soon. We'll send the IRS your door and make sure that you're paying all your taxes. You didn't wanna ask me where the mine is located? I I did ask you, sir. You you gave me 69 69 420 g f y, you didn't say street or boulevard, Intercourse, Pennsylvania.
[01:21:02] Unknown:
Okay. Sorry. Can I actually make an edit to that? Because I need to be a bit more specific. Oh, sure. Go ahead, sir. Up your mom's asshole.
[01:21:10] Unknown:
Goodbye. And scene. Yeah? Yeah. Yeah. You like that? Just a little addition at the end? I think they'd like that. I think they would too. You definitely would. He sounds like that kinda guy.
[01:21:26] Unknown:
Yeah. You definitely aren't gonna have any problems with the tax authorities. No. Because that's not what they're here for. They're here to help.
[01:21:33] Unknown:
That's right. I think in response to that, he would say, why not
[01:21:38] Unknown:
mine?
[01:21:41] Unknown:
Why not both?
[01:21:42] Unknown:
Oh, mom. Hello? I found the perfect guy.
[01:21:51] Unknown:
What are we doing? Okay. Why are we like this? Top tips. Top tips from Max bit by bit. To close out the show, we have our Bitcoin bugle article, and I was gonna read this in a very similar voice to what we did before.
[01:22:09] Unknown:
I like the voice.
[01:22:12] Unknown:
The Bitcoin bugle ad read is brought to you by the Lake Satoshi Bitcoin Beach Retreat that takes place the weekend of August 10th 2024. Free pinup. Tickets are $21 online or at the door or just throw somebody some sats or I don't know. Bring whatever you like. $21 worth of beef jerky. They'll probably take it. There's a barbecue on Saturday. Both Saturday and Sunday, there is breakfast. Oh. And we are trying to coordinate, Chet in Bassload, if he comes, which will be cool. A little shootout, both basketball and guns. So I intend to bring a decent amount of armory and some ammo, and I sure a lot of other people are too. And maybe we'll shoot some bottles or some cans and then shoot some hoops. I won't be shooting the hoops. I'm really bad at basketball. I can imagine.
[01:23:02] Unknown:
These are gonna happen at different times in the day. It's not gonna be
[01:23:06] Unknown:
one event. No. That sounds fucking dangerous. No. It is one event. You throw the basketball up. I shoot it. It's like ski shooting with basketball. Okay. Great. Real family activity.
[01:23:18] Unknown:
Yeah. Your basketball skills, is this something you've tried and just failed at and decided, no, this is never happening again, or just not your sport? It's not my sport. It is something I've tried and
[01:23:30] Unknown:
tried and failed at. Mhmm. I don't know. I'm just not good at it. We have a basketball hoop staring at it right now. Okay. I can hit the baskets, but when it when it comes to the dribbling and other people being in my way Yeah. The whole thing. I'm really good at defense though. Okay. I'm aggressive. I imagine there's quite a lot of fouls. Lot of fouls. I foul a lot. Yeah. Yeah. So I can't imagine you're that aerodynamic. You know? Not aerodynamic. Not aerodynamic. No dunking. I like football. I don't like basketball. No dunking shit. And my vertical leap is a good 6 inches. You bring a little step ladder to games.
[01:24:06] Unknown:
Look at me.
[01:24:10] Unknown:
Dunk. It's like I can jump up and grab the net and pull myself up Okay. To the rim. Yeah. But there's definitely no dunk. Okay. I'm excited to see if if Baseload comes to see Chet and Baseload compete against each other. Because I don't know if you know this about Baseload. He was a college basketball player. Oh, okay. Like, he he can ball and so can Chet. Okay. I can see that. Let's try to get this rivalry going. Let's really stroke them.
[01:24:34] Unknown:
I wanna see them do this, but on skateboards.
[01:24:38] Unknown:
What, Bassload can be on a skateboard, and Chet can be on roller skates. That'll be interesting.
[01:24:44] Unknown:
Yeah. Skates or blades? Skates. Every once. You know, they do, like, a roller discos or what are those ones where the waitresses have them? Roller Car like a car hop. We have a sonic Yeah. Yeah. Yeah. Sonic,
[01:24:56] Unknown:
car hops used to come out on skates. Yeah. Chad would look good like that, I think. He sure would, especially in a skirt. Uh-huh. Real family time. And that leads us that leads us into our next story. Speaking of guys in skirts, this is from the Bitcoin Bugle an article by Richard Greaser it says admiral Rachel Levine cancels climate change for being a racist good for her Thank you, admiral Levine, for canceling climate change because it's racist. Yeah. Thank you. In honor of Black History Month, the Biden administration has taken a firm stance against climate change narrative as admiral Rachel Levine has declared climate change racist. She says climate
[01:25:35] Unknown:
change is racist, and we need to cancel it. It shouldn't be promoted on media, movies, or anywhere. We shouldn't allow climate change into our businesses, and it should be completely debunked. We cannot have racist mother nature running unchecked through our black and brown communities who are affected more by climate change than white people. Mother nature is one racist white supremacist bitch,
[01:25:59] Unknown:
she said during a press release. What canceling climate change entails is uncertain, yet we can make assumptions based on what we have already seen from the administration. The cancellation would likely look like deplatforming on social media, other forms of censorship, controlled media campaigns, FBI witch hunts, and just about everything in the state's toolbox. While individuals have been canceled for climate denial before, cancellations this time would include racism on top of failing to trust the science. Companies like upstream data, riot platforms, and Cathedra that take hard stances on ESG and climate change are likely to be targets of cancellation by the Biden administration.
Too right. A little bit of backstory on Rachel Levine. Rachel Levine is a straight up man. That's a man. It's a man man. This, beastly monster was our health and human services type secretary in the state of Pennsylvania during during COVID times. So you had to hear this guy constantly on, press briefings with the state and with the governor and whatnot and what the state of Pennsylvania is gonna do. And this voice is ridiculous. Like, I don't even think I'm doing it justice, this guy's voice.
[01:27:18] Unknown:
Class. Class. Class. This is why the whole world looks up to you guys. Yeah. For real. We look to America for guidance. We go, fuck. I just wanna be like them. It's really demoralizing.
[01:27:30] Unknown:
I don't know if it's the same position. I forget what this this position is called. No. No. No. It's not that's the surgeon general. I don't know what this this admiral of whatever. It's a health and human services secretary, but they make you an admiral of some sort. So they put a uniform on this guy. Talk about putting lipstick on a pig. They put a uniform on this guy, and he's dressed up like an old lady in a uniform and admiral cosmic. It's like, I think I'd rather have captain Crunch as our health and human services secretary than admiral Levine. Sounds like Sea org. What's that? With,
[01:28:03] Unknown:
what's it called? The culty thing that Tom Cruise is the head of, and they all wear, like, a little seagull, like, military costumes and stuff in there. I don't know what that is. Sea org? Are you saying s e a org, like organization? Sea org. I'm gonna have to Google it now. Sea org Scientology.
[01:28:23] Unknown:
Oh, Scientology.
[01:28:25] Unknown:
Yeah. And they all wear, like if you've Googled Sea Org, you'll see them all in there, like, little sailor outfits and stuff like that.
[01:28:33] Unknown:
And You know why? I think that might be because the inventor of Scientology, his name was Elram Hubbard. Yeah. Yeah. Right guy. Right guy. Yeah. Yeah. He'd, like, fancied himself as some sort of sea captain, and he'd have these ships in international waters where he molested kids and stuff. Like, that that's the origin of of, Amazing. Of Scientology. So, yeah, maybe that's why they made them all selves captains. Okay. Well, it sounds very similar. This,
[01:29:01] Unknown:
lady sounds like she might maybe like children and boats as well. So, you know, maybe she should She love all children.
[01:29:11] Unknown:
Fucking joke. Talk about demoralization with this guy all dressed up in a military uniform. Amazing. I'm concerned about your health. Worried about worried about prostate cancer? Cut your penis and balls off.
[01:29:26] Unknown:
Right. We need to stop being so racist.
[01:29:31] Unknown:
And destroying the earth. To wrap this up before we get, thrown off YouTube. Yeah. Well, my homeboy, we're thrown off Straight up. It's done. Rumble it is. Sorry, Crown. All the work that you've put into YouTube, we just We wrote it. Down the toilet. Yep. Well, thanks for stopping by. This has been Ungovernable Misfits: ACTION NEWS!!!
Yeah. This one before. Oh,
[00:00:28] Unknown:
it's on my dad's face. So is it? Karaoke this thing.
[00:00:40] Unknown:
Welcome
[00:00:44] Unknown:
to Uncomfortable BizFed's action news. Episode 2.
[00:00:52] Unknown:
I do know this song, mate. Sure. Sorry, John's dad, for disrespecting you.
[00:01:01] Unknown:
I'll put some respect on your name. Yeah. Little respect next time with 2 c's. Yeah. My my you know, my dad's a my dad's a snowbird, and so he goes down to Florida for, like, 8 months out of the year, and that's when he's really alive. He does karaoke. Mhmm. That's his thing. Music's running through the veins of your family, isn't it? Is is that what's going on? Yeah. I guess so. Feels like it. Fucking love music. I do love music. Like, to get on the jukebox on the pleb minor mafia Telegram group. Mhmm. Which you turned off now. I which I did turn off. Yes. So I have to turn this off to do a proper recording. Mhmm. Do you know who the, prolific jukebox players are in the Pleb Miner mafia Telegram group?
[00:01:42] Unknown:
I can have a guess that base might be in there. Oh, yeah.
[00:01:46] Unknown:
I reckon Chet might get involved. Chet does not get involved. Mm-mm. What a fuck. Yeah. But Chet Chet is playing music constantly in the mine. Like, he's got this whole music set up there. Yeah. Okay.
[00:01:58] Unknown:
Who else might I think would be doing that? Does Carl get involved? Yeah.
[00:02:03] Unknown:
That's the dude, Carl. What sort of music has he got on the off the wall shit, you know, like a lot of indie rock garage band stuff. Okay. But he's very eclectic taste in music. It's it's just a bunch of bands you've never heard. As a matter of fact, bass load said this morning, like, I've never heard of any of these songs. Okay. And interestingly enough, girl number 1 will sometimes listen to the music, and she's like, oh, I like that song. Oh, I like that song. That must be Carl playing that. So her her and Carl are, like, you know, bonded spiritually over music. It's kind of interesting. Love it. You notice how I've added nothing there? I noticed that a lot. Yeah.
[00:02:39] Unknown:
My missus gets so fucking angry with me. She sent to me the other day. She's like, you know who we first met? I was I found it really weird because I rolled out the red carpet on our 1st date. Like, I picked her up in my van and, just, you know, to show the wealth. So she she gets in. She gets in the van. She's like driving back to mine. And she said to me the other day, she's like, I did find it really weird that we just sat and there was nothing on the radio. Like, it was just silence. And I was like, yeah. That's how I always do it. She's like, yeah. I know that now. But at the time, I thought that was fucking weird, especially being like a musical person. Just like Yeah. Where there's like a gap in conversation, it's just dead.
[00:03:20] Unknown:
She's like, would you like me to sing for you?
[00:03:24] Unknown:
And now, like, she's got used to it, but there can't be anything if there's any conversation happening, there cannot be any TV in the background. There cannot be any music in the background. There could be no noise. It has to be absolute silence. Otherwise, I'll lose my shit. What do you do in a bar? The bar situation.
[00:03:40] Unknown:
Calm down. Shut the fuck up. Turn this music off. I'm trying to talk.
[00:03:44] Unknown:
My stress levels just go up massively. You get all kinds of hang ups. Yeah. I know. I'm a lot of fun to be around, as you can tell. Yeah.
[00:03:52] Unknown:
Write a book. Really great guy. Sometimes I feel guilty. I'm picking all the music. This is too much of my personality in music. Suggestions are open. You can send me music throughout the month. I'll listen to it. I have some ideas. I listen to music just alone. Regular party animal.
[00:04:10] Unknown:
Anyway, enough about music. We got any mining chat?
[00:04:15] Unknown:
Nope. Not off the top of my head. How about you? Alright, mate. No. No. I've got nothing. Cool. Well, I've got some bits to do around the house, so I'll catch up with you later. Okay. Cool. Later. L8r.
[00:04:27] Unknown:
And it's later. I'll tell you what we do have is some boosts.
[00:04:31] Unknown:
I see you've changed the colors around for me. I appreciate that. Change the colors around for you. Yeah. I do appreciate that. I want you to be comfortable. I am. I feel calm. Did you know that I recently painted my office blue? No. Do you care? I I do care. I I care about everything in your life. Even all your little hang ups. The fact that you paint your office blue to calm yourself.
[00:04:51] Unknown:
Yeah. It's like a really nice deep blue. Like a bit of a chalky kinda like if you look at the ocean when you're flying over it. Chalky. Yeah. It's nice. I feel calm in here. Good. Actually we don't need that. We need you fired up. Can you paint the room red, please? No. Don't like that color. Okay. I'll be fired up. I'll be fired up anyway, mate. Get it. Get it. Late stage huddle. Oof. This is a big boost. He's a big baller. He is a big baller. 70 1,000 sats. Thank you, mate. That is incredible. Here are some sats to try and begin to thank John for his assistance to get some of my rigs fixed. John should say y'all, but Max should say aluminium.
Garage. Some of this is for Max's perfect glasses. Oh, thank you, mate. I appreciate that. Don't think I need them. I'm pretty professional these days, but I appreciate it nonetheless. Thanks for the kind words on the immersion setup. I'm hoping soon to dunk some more rigs. By the time you read this, I hope John has a good story to tell about my second try. Well, do you? I don't have a good story to tell about, late stage hodl's second try at dunking. Why is that? Has he not tried? He's not tried hard enough. I mean, when he when he tries, he burn he burns the machines to a crisp
[00:06:08] Unknown:
is is the problem. You know, so the story goes, I think I mentioned it last month, and he he had dunked some rigs and had an issue. And and this happens. I just saw this in the Epic Universal Mining Control Board chat group. Somebody burned up a bunch of machines down in Texas because the pump went down and machines were staying in low power mode or just like survival mode, but still heating up the oil. And, you know, with all these machines, there's just a change in temperature that can constantly build and build and build, even if it's just, you know, a few 100 watts.
Not sure that's exactly what happened to late stage hodl's setup, but he had some XPs dunked, and he fried them up. So he tried to get them serviced somewhere else, and and they sent it back and said, well, there's nothing we can do to repair it. These repair facilities make the decision for you and say, well, you've got so many burnt up ASIC chips. We've determined that it's not it's not in your best interest to replace all of these these chips. So we're gonna call it things dead. Well, to a Pleb Miner that, you know, late stage hodl has invested a lot of money into these machines, a lot of money into the immersion setup in his his pool heater. And, you know, it's wintertime. It's wintertime in the south. Like, this is perfect pool heating weather. I'm sure he'd he'd much rather be swimming in sats as we've said on on episodes. Who would not? So I said to him, well, why don't you send it to fixed rigs? You know, they they've always said that they'll try to tailor things to the pleb level. Yes. They repair machines at at a high end level and and do things for institutional and large scale miners, but they still care about the plebs. So he sent the machines over, and there's been a lot of back and forth chat because we've been in a three way chat, fixed rigs, late stage hodl, and myself. So I've just been observing this back and forth between all of them. And it's like, well, this machine's messed up, but this one's salvageable and we're gonna work on it and do the best we can. So they weren't able to salvage everything, but he's getting there. And FixRigs has really done a good job of taking care of him. Excellent. That is great to hear. Thank you, FixRigs. Next is from X Patriotic, and this is a Podverse boost. So to remind everybody, you don't have to use Fountain or other podcasting 2.0 apps where you can support us. He says, I'm a dirty, bloody, statist, cunt.
[00:08:19] Unknown:
I need to be punished. Are you? Do you? How would we go about doing that? I don't know whether he is intending that to be from your mouth and your voice I hope not. And your thoughts
[00:08:32] Unknown:
or his own. Hard to know. Mhmm. Maybe I should punish myself, see if I deserved it. Try it. Why not? Little self flagellation. Okay. Mhmm. Never goes a miss. Oh, that gorilla bat. It didn't work. I I kinda liked it. It really did work. Next up is from apemithrandir. Action news. Nice. Another one from expatriotic. Only fucking podcast that doesn't make me cringe. Keep it going, and we will. There's time is going.
[00:09:15] Unknown:
Where are we gonna be in a year? Oh, he's gone from barminer to Barm Miner, Binn,
[00:09:23] Unknown:
and now it is, it's out of control, mate. Totally out of control. That's the way we like it. This is a Breeze boost that we had one from. Fountain, Podverse, Breeze, you name it. Weak bladders. Why can't you cunts get through one show without taking a leak? I tell you why, Barnminer Because we record this show for, like, 3 hours. Come on. Mhmm. And then we record another show straight after that. Yeah. Yeah.
[00:09:49] Unknown:
Work work work around here. It's a Sunday, mate. Call. Right? Yeah. Actually, I've just made myself a coffee. I've put some honey in this one as well to really hype me up. Cafetier. It is a cafetier. It's a nice one as well. It's a Bodum one. Do you have TK Maxx over there? We have TJ Maxx. Mhmm. There's a little credit. Okay. Is it like you get you go there and you get cheap stuff that should be more expensive? Mhmm. Okay. Yeah. Well, this is a Bodum cafetiere, and it should be, like, 50 or £60, and I got it for £8.
[00:10:18] Unknown:
So, yeah, that's the sort of deals we like around here. You know, when you tell me these stories about, you know, you go into TJ Maxx's retarded little brother, TK Maxx, or going to Aldi's and looking through the rotten meats that they have and see if you can find a fresh one. Yep. I I love it. Mhmm. You're a real dumpster diver. Oh, yeah. Yeah. Gotta get the deals, mate. I love it. It makes you cool. Yeah. It makes me very happy.
[00:10:42] Unknown:
What have we got? Expatriotic. I want to boost enough that one day, you send me a free hoodie. Ambitious. Very ambitious. We'll see. We'll see. You could just buy 1. He could. But, actually, a a shout out to expatriotic because this crazy fuck has gone back through the entire bit by bit catalog from episode 1. He's working his way through every single one and boosting every single one, and he's also doing a bit of writing for us for Ungovernable Misfits. So thank you to expatriotic. I will consider Mad lad.
Chet, l m f a o. John shilling, Prevhashnonce, and already got banned. This whole story is fucking hilarious. Haven't you got it back now? I did get it back. Yeah. You, like, lost yours, then got Prev Hashnonce, then got banned after shilling it, and now it's back again. It's back again. Yeah. It's hard to keep up with you, mate. Chet again. I can't keep up with all the name changes. We definitely rolled deep with those black skull hoodies. Don't fuck with plebminers, or you will find out. He's put a lull at the end, but I think he's serious. Yeah.
[00:11:58] Unknown:
That's just one of the kill you and your family. Lol. You ever used to get in the fights at the school yard and basketball court or something like that? And somebody Uh-huh. Somebody bow up on you, you know, and keep doing this flinching thing. But, like, flinch. Like, no. No. No. I don't mean flinch? No. No. No. I don't mean that. Boom. Sucker punch. Oh. I think that's what Chet is going for here. Okay. Yeah. He's, like, lulling you into a false sense of security, and then just like that. Sucker punch. See? See what just happened? You're sitting here talking about the law. Popped you. Mhmm. We didn't really do that in the UK. No. You're gentlemen. Mhmm. Queensbury rules. No. Just knives here.
[00:12:34] Unknown:
Or a machete. Yeah. No. Apparently, they're getting banned, so that's not gonna happen anymore. Oh, good. Great. I saw somewhere on the news the UK is banning zombie knives. You know, there's, like, huge fucking swords that they run around with and each other up with. Like like machetes, but, like, bigger. And I was like, oh, okay. Well, that's good. They'll go away tomorrow then. Yeah. Because we all know banning works. Yeah. Gun free zones. Yeah. Banned. Okay. That's good then. They banned drugs as well. There's no gang warfare over drugs around here. No. No. Hey. Hey. I was gonna shoot that place up, sir. This is a gun free zone.
[00:13:11] Unknown:
Hey. You you missed one from wartime psychopath.
[00:13:15] Unknown:
Did I? Mhmm.
[00:13:17] Unknown:
I just went right into expatriotic.
[00:13:19] Unknown:
Oh, it's because it's over 2 you've done it over, like, 2 pages. That's why. No. That's your fault. Mhmm. Right. Stop sign, shout sign, fart sign or wind, siren equals mind blown at high five or clap, orange heart, shake hand. Yeah. Oh. Cryptic. No tall oh, maybe that's a burp because it's like no, and then it's like a a yeah. I think that's like no burp sound equals mind blown at high five love and handshake. I think he likes my burps. That's what I think it is. Oh, man. We're solving puzzles. Mhmm. You could sort of do private key management this way. You probably could. Yeah. Do you know what I mean? I think that's probably a safe way. I think if I mentioned that's a Bitcoin q and a, I'm like, I've got this new idea. Should we, like, do everything in emojis and then just, like, remember the emojis and communicate that way to send transactions? I think he'd like it and say, that's secure. Yeah. Let's go for that. I think he might slap me right in my fucking face. You probably deserve it. Mhmm. Next one up is Lincoln.
[00:14:25] Unknown:
I assume that's Linkinparkrulz, not Abraham Lincoln. It's hard to know because he's on so many different apps, isn't he? Indeed. Showing x patriotic how to do boostograms. Well, now he knows. Hi. It's my man Paisano. Yo. Devil horns. Rock and roll sign. Devil horns. Devil horns. Devil horns. Devil horns. Devil horns. Mushroom. Mushroom. Mushroom. Mushroom. Mushroom. Mushroom. Rocket. Rocket. Rocket. Rocket. Rocket. Ties.
[00:14:52] Unknown:
Max. I did a few prison bids back in the day. At my peak, I could do 90 pull ups in a clip. I'll train you for war, bro. I appreciate that. Yeah. 90 pull ups. When he says in a clip, does that mean just, like, in one go? If so, it's fucking awesome. Yeah. I've never seen that. So, Pies, if that is true, I'll take that offer. You can train me for walk because 90 pull ups in a row. If they're proper pull ups Yeah. I don't wanna be fucking with you. Not kipping.
[00:15:19] Unknown:
Next up is nablingya wally0..dot.An anonymous podcast guru user. That's our 4th one. Fountain, Podverse, Breeze, and now Podcast Guru.
[00:15:31] Unknown:
We're quite inclusive there. Sure. Multipod
[00:15:35] Unknown:
cultural. That makes sense. Yeah. That's a new term. Yeah. Next one up is pies. M o p. Cold as ice. OG shit, son. Thank you, fountain boosters. Yeah. Thank you very much. Next up is some statistics.
[00:16:00] Unknown:
Statistics. Statistics. I'm a tell you the basics for hashing with basics Bitcoin mining statistics Statistics. Statistics. I'm a tell you the basics for hashing with ASICs, Bitcoin mining statistics. Statistics.
[00:16:36] Unknown:
Statistics brought to you by the LINK coin mining platform. Lincoin Mining has been on a tear with publishing. A few months ago in partnership with Niko Smid's Digital Mining Solutions, they've released an intensive review of the Bitcoin mining ecosystem in 2023 called the Bitcoin Mining Boom, which looked at the most significant events in Bitcoin Mining, analyzed the state of the Bitcoin network, mining economics, ASIC miner markets, mining pools, and energy usage. More recently, LINK coin released the flexible loads playbook under their sister company, LOD, and Chola Energy. The flexible loads playbook distills years worth of data, numbers, and prices in ERCOT into a comprehensive and transformative resource for the emerging industry in the flexible load space, particularly in flexible computing. And, they are doing that with Bitcoin Mining. Secure your copy of the flexible loads playbook by visiting Load's website at load, l
[00:17:34] Unknown:
o d dot I o. Oh, that's how you spell it. Yeah. Why is that? Is that just so that people, when they're typing this in, don't get something unwanted, like a massive face. Yeah.
[00:17:46] Unknown:
You don't want that. Huge flexible loads. Check this out.
[00:17:53] Unknown:
Lod lod.io.
[00:17:55] Unknown:
I'm just stirring my coffee. Yeah. So the l and then o with a line on top of it. What's that called, Max, with the the line is on top of the o. An umlaut, is it? Nope. I think that's the dots.
[00:18:12] Unknown:
Don't know. Don't know. Someone can tell us in the comments. In the boosts.
[00:18:17] Unknown:
That's how you speak to us. It is actually the best way because I still can't respond to anyone, which is fucking winding me up. So this is how I'm responding. Voice notes. Exactly. Yes. This is the way it goes. We're the ones with the podcast. You're the ones with the sats. Let's Yeah. Let's get you set.
[00:18:35] Unknown:
You'll write back. You still write back for some reason. You can still do it. I can't.
[00:18:40] Unknown:
Well, I'm cool and you're not. Good point. Mhmm. Anyway, that's lod. Io. Lod, lod.io. Lod.io. Even though load doesn't sponsor this podcast, I just felt like getting the word out there. That'll be the last load mentioned. Everything else, link coin mining. Link coin mining. Link coin mining. Link coin mining. Got it? Got it. Good. Okay. Here at Ungovernable Misfits, action news. We use LINK coin mining to derive our statistics. If the Bitcoin mining boom and the flexible loads playbook are a bit too heavy and you simply need to find out what yesterday's hash price and hash value were, visit lens.lincoin.com. Global hash rate on a 30 day moving average is 571 exahash. 7 day moving average is 563 with a high point on February 7th of 603 exahash. One day highs for the past month have been as much as 685 on February 1st and as low as 490 on February 17th. What a spread. 490 to 685.
[00:19:36] Unknown:
And what's what's the reason for that then? Is that just people turning off this whole flexible load stuff? Sure. Could be. I don't know. Nobody knows. Yeah. I'm asking the mining guru. So what do you think this is? I don't fucking know. I don't fucking know.
[00:19:56] Unknown:
It's like everybody wants an answer to everything. I'm gonna pour through all this data and and and try to figure out and and nail down. Listen, it's a global hash rate marketplace.
[00:20:06] Unknown:
To be fair, it's the most honest way to respond. I went to a family event yesterday, and a few people as the price runs were starting to come up with me and going, yeah. So it's always blokes, and it's always, like, the guys who think they really like business business. And So they'll like come up and they'll be like, yeah, so this, this Bitcoin thing, it's running at the moment, isn't it? I'm like, yep. Yeah. So, I'm reading about this halving. What is, where are we gonna be price wise? Somewhere.
[00:20:37] Unknown:
I don't know. Yeah. Yeah. So, I mean, there's gonna be, there's gonna be some some pretty big moves. Right? Okay. What are you supposed to say to that? Well, you're exciting to talk to. Join my group. Promo code ungovernable. Yeah. You know, last week, there was something we could point to. There was a demand response action going around. ERCOT had sent out a warning. Other other, ISOs send out warnings. Hey. We we might need you to participate in demand response. So that was obvious. Mhmm. These swings here, I don't know. I didn't I didn't see anything crazy. Okay. Maybe a huge mine shut down and changed out everything for s 20 ones. I don't know. Didn't see anything. If you know, leave it in the comments or boost it. Link coin mining's hash rate rose and is now 1.79xash. I'm sure Medi can answer as to why because he's watching y'all come online and managing it. Well, no. If you aren't pointing hash to link coin, get at it. Let's get them over 2 x hash by the.
Other mining pools of note, Foundry leads the pack at 176. Ant pool 152f2 71, which act that actually decreased. Everyone else rose via BTC 70 exahash and SBI crypto at 13 exahash. Here's an interesting one. 1, isn't it? Yeah. F2 is the cunty one. Yeah. The weird one. Is that that one, like, the the super autist
[00:21:59] Unknown:
who is, like, giving all his flight details? Yes. Yeah. What a fucking weirdo. Just for that reason, you can't be using them. Oh, and and giving back the transaction to, PayPal. Oh, god. That's the worst. Because if there's ever anyone you wanna take from and dunk on and give them a taste of their own fucking medicine Yeah. It is PayPal. How many times do people have their accounts frozen and all their funds frozen and taken unfairly? Oh, it would have been nice. Would have been nice. Or it would have been really nice, and I know Medi would have done this, he would have taken all of it, said, no. I'm not giving it back to you. He'd have thrown a party for all of the mining misfits, all of the pep miner mafia. We'd have gone to Hash Sluts, and there would just be video of us just smashing out all of that Bitcoin, just throwing it, throwing 100, having lightning payments flying through the air, asses is just fucking bouncing, and then just go, there's your money back, bitches. That's what Medi would have done. That's a real uncovernable motherfucker. No lies detected. It's facts. We had another big spike in hash rate from a pool, and that is ocean. They are up to 1.22
[00:23:09] Unknown:
exahash now. That's a big jump for them. But you can watch this transpire. On the 26th January, Ocean jumped from 595 exahash to 1.22 exahash. And this occurred shortly after Swan announced that they were mining 4.5 exahash, and they have plans to deploy up to 8 exahash. Mhmm. And then Corey Klippenstein posted a picture of a wave. Get it?
[00:23:36] Unknown:
What's going on with that? Have you got any insights on this whole swan riding a wave
[00:23:41] Unknown:
stuff? Like, it feels like there's something bubbling under the surface. Like, some problems are brewing to me, but I have no idea what they are. I don't know. I've never paid a damn bit of attention to Swan. They seem like cucks to me. Mhmm. There's something weird about the guy. Clifton Stine? Couple like like like the TEM crew have looked into him and who he is, who he was as a child and some a dee da cult, and they had some, pedophile on their spaces for a while. Yeah. I I don't know. Something about swan I've never liked. For years years, I haven't bought from an exchange anyhow. I I don't pay attention to I'm getting money. Stuff, this influencer shit. Yeah.
My my energy bill is enough. It's a good virtue signal. I never buy from an exchange. No. Oh, yeah. It is a good virtue. Look at me, everybody. I never buy from an exchange.
[00:24:31] Unknown:
Because I'm fucking dirt poor. I literally Right. Yeah. I agree. There's something weird. It is a little bit cult like actually. Some of the shillfluencing that goes on Little bit weird and little bit gross. So I don't know. It just feels like there's something bubbling, and then there was some sort of kerfuffle month or so ago. And then suddenly they're launching a load of mining stuff, and I'm just like, what's what's coming? Could this be the black swan? Oh, I see. It wouldn't be a black swan though because we are sort of seeing it swimming already. In in an ocean? Yeah. We're so cryptic. Something's coming. But I don't know. But I don't know. You called me the ocean. Know that? I don't know about Dorsey. I don't know about Luke. I don't know about Corey Klippenstein and the adidas cult. I don't I just don't I don't fuck with it. It's weird. Do you know you can't eat a swan here? Is that right? Why? The queen will jump out of her grave, and she'll bitch slap you. There's some royal link with swans, like, they inbred with them or, like, something like that. And they just fucking love swans. So if you kill or eat a swan oh.
Yeah. That's some ungovernable shit to do in the UK. I do it all the time. Swan's fucking delicious. No. I don't really. They probably don't taste that good, because, like, geese here, goose is fucking tasty. Like, if you get good proper goose, but if you have, like, the Canada geese that have all come over here, the noisy camps that are on the tent, the shit everywhere. If you eat them, they're not very good. They're not very fatty. They're, like, not that tasty. So I imagine this one would be similar. I think I had some when I was in North North Dakota. I get some
[00:26:17] Unknown:
loose jerky or duck jerky. Oh, oh, water. Foul jerky. I bet that's good. No. It tasted like, foul swamp water. Mhmm. The the guy it was given to one of the guys, and he said, they probably didn't bleed the ducks out properly. It wasn't lawn jerky, was it? No. But I did just get some barn jerky yesterday, and it was delicious. Very smoky, the right amount of heat, perfect texture, and made with love. Oh, that sounds worrying. It's the secret ingredient.
[00:26:48] Unknown:
Dude, dude, I fucking made it with love, dude. You don't know what it fucking means. Smoking this fucking jerky all fucking day. Nobody's helping me with all the jerky. I had to fucking cut up all this stuff and marinate it. It was whinging, isn't it? All over the fucking kitchen.
[00:26:59] Unknown:
The fucking wife's bitching at me, dude, while I was fucking jerky. I bet she never bitches. It sounds like he bitches all the time. Fuck. Yeah. He does. A fucking Barnminer just constantly bitching. Fucking hell. Yeah. Fucking lightning dude. You know why I don't like Swan? I think it's because of Barnminer. Because he he was on a tear about them a while ago. Okay. Custodial swan dude. Fuck this. Fuck this guys, dude. Fucking influencers, dude. Shit influencers. And I was like, yeah. Swan does suck. Born said so. This is where it all comes from. Yeah. He gets you riled up about anything. He's always right, though. That's the thing with him. Yeah. You just have to get past the grumpiness. Not fucking grumpy, dude. Fuck you, dude. He's not grumpy. He just talks like that. Yeah. He's actually very positive. Is he? Mhmm. Okay.
My brain Hash rate aggregators such as Luxor and Brains are at, 20.2 exahash and 9.36, respectively. Cool pools like ckpools, 39.2 petahash. That's a big reduction from last month. And Kano was at 15.08. There's a new pool to swim in for small hash rate miners called Public Pool. It's a fully open source solo bitcoin mining pool for devices like the BITAXE and the, Gecko Science Devices. That's the little USB miners, both of which can be purchased through our sponsor, Altair Bitcoin Mining Solutions. That's better. You've been fucking it up. You saw a view. Yeah. But I was copying you because you're the man that know about mining. Yeah. And what does that have to do with mining? It's it's a constellation. Do you know I always Star.
[00:28:29] Unknown:
Yeah. But I yeah. But I always thought it sounded weird when you said it. Because you'd be like, yeah. Our sponsor, Altair. And I was like, that sounds a bit fucking weird. Let's say it all gay. Altair? Altair? And I was like, okay. John knows what he's talking about. It's Altair. But it's not. It's just alter. Is that right? Alter.
[00:28:52] Unknown:
Oh, okay.
[00:28:53] Unknown:
In the Aquila system. Oh, of course it is. How do I forget that? It's a eagle.
[00:28:58] Unknown:
It's what? An eagle. That's how we'd say it in Pittsburgh. An eagle. Hello. Look over there. It's an eagle. Fucking hell.
[00:29:07] Unknown:
I don't think you hate anything more than that Pittsburgh accent. I don't think I do either. I have a lot of hate in my heart, but that really takes the top spot. God. I could go on for hours in that accent. Please don't. Hours and hours and hours. No. Stop it now. Altair. Altair.
[00:29:23] Unknown:
So you can purchase these products, the bitaxe bitaxe supra supremacy with, s 21 chips, USB stick miners, and such. When you do purchase from Altair, use promo code Ungovernable.
[00:29:36] Unknown:
Nice promo code. Can I just ask something about the BitAXE? Yeah. Please. Sure. I know we talked about them a lot, and I get, like, the basics.
[00:29:44] Unknown:
But is it kind of just to learn on is there any way that it can be profitable other than, like, if you're getting the energy for free? No. I mean, it's it's very low energy usage. It's only 1, 2, 3 chips. Okay. You know? So take a board that's got 100 something chips on it times 3. Well, you're you're only using a couple of those chips, so it it's pretty low wattage. Okay. It's a lottery miner. I don't have the statistics in front of me, but, somebody from that group, maybe it was Altair or Scott
[00:30:13] Unknown:
9000. Somebody posted up the whole lottery miner thing. Yep. Like, you're more likely to find a block with one of these small miners on public pool, the solo mining pool, than you are to win a win the lottery. Okay. But that's not saying much, is it? Like, if you had a if you had a few of them well, I guess my question is, like, so you you would only do it if you are doing the solo mining, and you would only do it as a lost tree thing. You wouldn't sort of have a few of these and join a pool. I wouldn't. I mean, I don't I don't see what the point would be. Well, I just wonder, like to pool to pool mine it. Just solo mine it. So if you solo mine it, as an example, if you, like, run an office or, you have any sort of business where your energy you write off the costs, then I suppose you could use it and it wouldn't effectively cost you anything for the energy. So it's only the hardware. So then you just have that lottery running constantly, and you could have, like, 1 or 2, whatever. I kinda like that idea, because they don't make any noise, do they? No. Not really. So there would be no reason for someone noise wise or, like, complexity wise or whatever not to just chuck one of those into their office or Yeah. An office just anywhere. Like, if you run a tire center or whatever, you've got you pay your energy is being written off. Why not just run 1? Sure. Throw them in all over the place. Okay. Hash value and hash price.
[00:31:33] Unknown:
Right now, getting 159,112 sats per petahash per day, and hash price is about $80.74. So it's a big dip in sats, but with a nice price pump, we've risen $5 in hash price over the last month. I've had a machine on Ocean since, January 7th just to get the gist of this thing and see how it works out. Tractor. Yeah. I know. Oh, I I've been using knots too, by the way, to filter all that nasty shit out. Anyway, on ocean, since January 7th, I have received not received, but tallied up 762,183 sats valued at $390. I did that same calculation on Lincoin and got 929,238 sats valued at $475.
[00:32:21] Unknown:
Okay. So let's be honest here. I know Link coin is a sponsor of the show, and Medi is our favorite fridge. Yeah. But I I assume you're now gonna move all of your hash over to Ocean? Did did you not hear the numbers? Let me do it again. Ocean,
[00:32:37] Unknown:
762,000. Lincoin, 929.
[00:32:41] Unknown:
Yeah. But who cares about staying solvent or profit? You know? Oh, I should just mine myself into the poor house. I would think so. I mean, it's all about filtering, man. Right. Well, joke's on you. Already in the poor house. Me too. Me too. But so you're not gonna move any hash over to ocean because you kinda like at least staying solvent? Yeah. I I do like that part.
[00:33:06] Unknown:
The making a profit part, it's kind of important to me and my wife. And your kids, probably. They like being fed. They do like food. Yeah. Mhmm. Mhmm. They like to be able to grow and be healthy and all that stuff. Bones and such. Yeah.
[00:33:23] Unknown:
It's weird. Like, no one could have seen this coming. No one could have thought that Ocean wouldn't be popular. No one could think like, I don't think everyone's gonna be switching over to them because they like to be profitable and make money. And, like, that's why Bitcoin works. But, yeah, I'm shocked to be honest with you, mate. Hey. Even if you're cool and wanna be Jack Dorsey's friend and you're a swanfluencer
[00:33:45] Unknown:
Mhmm. You still aren't kicking all your hash rate up to Ocean. Are you? You just put a little bit. You said you got 4 something. Ocean jumped up from 600 to, what, 1.2.
[00:33:55] Unknown:
Mhmm. Yeah. You just put a little bit on there just to be cool. Just to be cool. Yeah. Just to be part of the club. It's so weird to me that anyone normal, like, any reasonable person would use them. Like, it just doesn't make any sense. Like, I can't think that anyone hates JPEGs that much.
[00:34:13] Unknown:
They're like, do you know what? I'm gonna make sure my family isn't fed. That's what I'm gonna do because I fucking hate JPEGs. I don't know. I mean, listen. The the the hash rate aggregators and Link coin is one of them. You're kicking up hash to a a higher pool, you know, like brains and Luxor. They're and a lot of the other ones are mining with Antpool. Antpool filters out all the cool ordinals and all this stuff and then kicks it back down. As mechanic from Ocean says, you're you're Hasher. You're not really a Bitcoin miner. Listen. I I get that stuff, but we all got bills to pay. In a perfect world, I'd have enough hash where I could just mine solo. It's like, fuck everybody. Fuck all of you. What do you think you need hash wise
[00:34:51] Unknown:
to do that and it'd be reasonable?
[00:34:53] Unknown:
I guess the the main thing is, like, being able to stay solvent because you don't know how long it's gonna take to hit a block. But, like, what's the number where it's like you're gonna be hitting a block often enough that you kind of are okay? I don't know. I mean, that there's a lot of factors that go into that. What's your rate? Are you part of a demand response program? Are you required to take a certain amount of, you know, megawatt hours throughout the month in order to get that rate. How often does your mortgage due? Do you own all your machines? Do you own all your infrastructure? Do you have the trees that you have to make?
[00:35:23] Unknown:
Yeah. Yeah. But That's a lot. I yeah. Okay. But just give me a a rough kind of, like, you're gonna be needing between this range. Like, do you know what I mean? Like, are you gonna need to invest a million? Nothing I can do. I'm not gonna answer that. I'm not gonna answer that because it you know, it's just like, well, what's your runway?
[00:35:42] Unknown:
How how much of runway do you have? I get it. It's the same thing. Like, do you want me to sound like I'd I know everything? Oh, after the having. Oh, definitely. In 2 months after the having, we're gonna be at a 100 k. Do you get my nobody from the house? No. I I totally get your point. I don't know. Do you wanna answer? 5 5 megawatts?
[00:35:57] Unknown:
Which is what, like, in terms of cost to set up in in hardware, roughly? $2,000,000.
[00:36:05] Unknown:
Okay. And then what's that if you're at, say, like, 5¢? I I know, like like, Baseload and Aaron Hall are like, fucking you can't set up 5 megawatts for $2,000,000, you fucking idiot.
[00:36:17] Unknown:
Ask Aaron Hall. He knows. Okay. Ask base load. Yeah. The reason I'm asking is I'm just thinking, like, is there ever a way that you can get a load of Plebminer Mafia and like minded people who come to an agreement over a few sites where they start to do their own solo mining stuff, and they have it. That that's where my brain's going. It's like you've got Somebody is gonna have to foot that bill, though. Somebody is gonna be on the hook for that. Yeah. That's that's true. It doesn't mean it's impossible. Like, it doesn't mean No. It it doesn't, but it would everybody have to be super aligned, in which we are. We're a lot of very close people in in the mafia. Mhmm. But somebody is holding the bag at the end of the day. Why they're holding the bag? Be me holding the bag. When you say holding the bag, you mean because of the contracts and,
[00:37:05] Unknown:
like, how do you Somebody's got up somebody has to pay the power bill. Somebody has to build the infrastructure. Somebody has to have the you know, own the machines or have the loan out on the machines. What if you have a guy that just what if you have a guy that just has 5 machines there and his machines go down? He's like, I can't pay to repair those. There's just so many factors here. I assume you'd have to have some sort of fund held in Bitcoin
[00:37:27] Unknown:
for repairs. You'd have to have some sort of calculation where you'd say, okay. The people who join own their machines. You have, a certain amount that you have to pay monthly in fees for the term of the agreement for the energy contracts, and a percentage of that has to be held in case they pull out and just say I'm not paying. There there is some calculation that could be done that could reduce a lot of that risk, And then there is a calculation that could be done where it's like, okay. This is reasonable, and then people could sign up when they understand all the facts, and risks. I just think it'd be cool. I don't know. It's, it's just an idea. Why would somebody go for that idea because they care. Versus just a traditional hosting thing? Because it's cool. Like, it's it's a good way to actually have more control, and it's also like a counterweight to the of something like ocean. It's, yeah, more control
[00:38:23] Unknown:
and a bit of a fuck you to that kind of shenanigan. Yeah. But I get We have a friend of the show who has pretty good hosting rates and will do things like you buy a PDU, essentially. You buy a PDUs worth of machines, I think, or half a PDU, 12. Mhmm. And they'll give you the good rate. But within that 12, you can mix and match, with people. Some perhaps one person said, like, well, I'm gonna kick up 8 machines, 7 machines to this, and I just need somebody with, 2, 3 machines to partner with me. Uh-huh. I'll pay you out every month Mhmm. What those machines earned. But the account or the contract is under me. Yes. Okay. But even in that sense, you're probably still pool mining. I don't know. This stresses me out. What I would like to do someday in the dream world is to find a site around here, in PJM that I can run cows on, that's by a substation, that I can sell to in some other investment group that wants to put down 4 containers worth of machines because they think Bitcoin is cool, and they like to just throw their money around. Mhmm. Carve out some space for myself on that. Throw down a couple of containers.
Spray paint a big ass pleb minor skull on there, throw a bunch of my own machines in there, but leave space open at a really low rate where I'm just like, cover my costs plus whatever is worth my time. Mhmm. And then the rest of the mafia can get in. Like, I I would be willing to do that. Of course, I don't have any of this shit. You know, I'm just thinking in a perfect world, if we want to be altruistic and and take care of people, and I'm not a fiat cunt y motherfucking piece of shit, I would carve out space like this friend of the show basically does. I would carve out space for for for more plebby kind of stuff. No MOQ. Good people I know only. Mhmm. Whatever my rate is, plus, you know, a little bit extra cost. That's pretty much what this guy does anyhow. What happens with the cows? They just fuck around outside. Yeah? Yeah. They they They're not in class and shit. Running in the mud or anything. No. I I wouldn't expect them to work there at the mine. I don't think they have the dexterity for it. They've got hooves.
Mhmm. It's not good around machines. Not really. They scratch themselves on them. Mhmm. Can we get back to statistics? Yeah. Let's move on. Network difficulty. Over the past month, difficulty has risen from 70.34 to 75 to 81. That means over 2 difficulty adjustments, we jumped 16.1% in difficulty. By the time you hear this recording, it's likely we'll have had a small difficulty adjustment, maybe downward, of about negative 4%. Let's hope that sticks by the time you hear the show. In 2023, there were 27 total difficulty adjustments. 7 were down. 20 were up. The biggest increase was 10.26 percent.
I read this last month, but it's just such an interesting statistic. I wanted to read it again. Transaction fees as a percentage of block reward. We had a big day on February 2nd with transaction fees as a percentage of block reward hitting 19.68%, but the rest of the month has been a steady decline. In studio with us, we have our good friend, Boty McBotface. What's up, brother? Let's
[00:41:30] Unknown:
fucking go, my dudes.
[00:41:33] Unknown:
Someone's excited. Yeah. You've been doing rails for breakfast, buddy.
[00:41:38] Unknown:
Yeah. What's up, buddy? Why are you so pumped up?
[00:41:41] Unknown:
I am ready for the hal-finning. I'm getting new machines online. I just secured a new site in West Texas. ERCOT don't know what hit him. Yeah. I got my dude based load on the team getting me some sweet energy deals. Demand response are maximum overdrive. I am ready for anything.
[00:42:01] Unknown:
I love the energy. Yeah. Got baseload on the team. Hey, Medi. Not Medi. Hey, Boty. Wait a minute. Is Boty and Medi the same person? That's a good question. I don't think so. I think I think they're quite different characters.
[00:42:13] Unknown:
Yeah. I'd say so. Hey, buddy. Did you hear that link coin is now doing lightning payouts? That's pretty exciting. Oh, hell, yeah. Medi has been working hard on load, but still had time to implement lightning payouts to serve the small scale plans. Are you gonna be using the Lightning Payouts for your rewards? Who? Me? Nah. I received big chunk UTXO sent to my Paynym because I'm a baller.
[00:42:53] Unknown:
Boty just rolling out his Impala. Three wheel motion.
[00:42:58] Unknown:
Sometimes I forget.
[00:43:00] Unknown:
You gotta be reminded.
[00:43:03] Unknown:
Mhmm.
[00:43:07] Unknown:
Boty is a baller. Drop that ass. Max, as you know, I went to North Dakota to go ice fishing. You know? I was very jealous. Did you catch any ice? Yeah. Caught a ton of it. And fish, too. Really? What did you catch? We catched, we catch these massive Catched? Did I say catched? You did. I didn't. No. Edit that out.
[00:43:33] Unknown:
Make me sound smart.
[00:43:36] Unknown:
We as a group, this was like a, plebminer trip sponsored by Aaron Hall of Sundog Mining and Bifrost Manufacturing to, to bond over sitting in a vehicle with holes in the bottom of it where you dipped a minnow into the water and pulled out perch. How was the bondage? It was good. Yeah. You rascal. You almost got me there. It was good. It was tight. You know? It hurt a little bit, but you eventually get to like it. And who dipped their minnow in first? Oh, come on now. This is too much.
[00:44:14] Unknown:
No. It looked like a lot of fun. You sent me some pictures of the fish. Do you eat them in the end? They're they're in my freezer.
[00:44:21] Unknown:
I brought some home. Mining Misfit brought some home. They're just in gallon ziplock bags that we put in our luggage. And And what do you do with them? You can just, like, put them on the grill or something? Well, I think we'll do a fish fry. Like, Sarah asked me the other day. What am I supposed to do with these big gallon bags of fish? Am I supposed to defrost these out all at the same time? You guys didn't individually wrap these? Like, no. We caught a 130 something fish. What did we see? Yeah. No. They're just little, but, what we'll probably do here is just have a have a big fish fry. I assume this fit will do something on the same. What's a fish fry? Like, you bat them and chuck them in the fryer. Right, mate. Fish and chips. You never heard of that? Is that what you're doing? Yeah. Yeah. That's what we'll do. Newspapers and all. Oh,
[00:45:05] Unknown:
nice. I know how you do. Do you do enough salt and vinegar? I think that's a letdown. A lot of people don't do enough salt and vinegar, and then it's just not the same. I will. I will do I will do the salt and vinegar. A lot of it. Like, really just pucker pucker you up. Mushy peas, curry sauce. What? Curry. Yeah. Curry sauce. English. Yeah. Curry sauce is more like a northern thing. Tell me about it. Yeah. So go on. Talk to me about this trip. I saw from the pictures muscle cars, welding, fishing, load of toys everywhere. It looked like a lot of fun. I wanna go and work there. Where do you wanna work? At Bifrost Manufacturing.
[00:45:52] Unknown:
That's right. That brings us to our sponsor, Bifrost Manufacturing. Straight out of North Dakota on the ice fishing trip, we visited the Bifrost Manufacturing Facilities and got to see all of their capabilities. Aaron Hall was nice enough to let Misfit and I roam around the the building and the facilities and use whatever dangerous tools that they had available at the machine shop. If we wanted to use the water jet cutter, we could use it. If we wanted to weld, we could do. If we want to TIG weld, we were more than welcome to do that. Whatever we wanted to. If we want to mess around with muscle cars, rebuild an engine, you can do that there too. 3 d print something fun, You can do that too at BlackRock Manufacturing.
Yeah. We got the full tour of the facility there. And, the last day we were there, they even let us weld some stuff. Like, I've only spot weld in my life, but they have a team of really, really good welders. This is a very young shop in there. They have some older guys that work in the shop, but this is pretty much guys in their twenties thirties with a lot of energy and know how, very skilled guys in all kinds of different machining arts from design, drafting, welding, 3D printing. You name it, these guys do it. It's like it's like Willy Wonka's factory in Bifrost manufacturing.
[00:47:11] Unknown:
That's what it looked like. Different room what's that? I said, that's what it looked like. I was seeing these images coming over, and I was like, this is amazing. It had, like, a fully stocked bar. It had muscle cars. They had the most unbelievable equipment everywhere. I saw plaid minor hoodies
[00:47:27] Unknown:
attached to welders. Yeah. Just yeah. It looks fun. It is fun. It's a kind of place where they they get the work done in the day, and then after work, you can stay and and, hang around, work on your muscle car, work on your truck, work on whatever project that you have, use the facilities. It keeps these guys engaged and creative and working. I've been in a shop culture my entire working career, so I've seen a lot of different shops and shop dynamics and shop culture. And sometimes it works. Sometimes it's very positive. Everybody has a good time. Mhmm. Everybody's friends. The creativity builds. The work ethic builds. There's a competition there. Or you can have a really negative shop. Everybody hates each other. Everybody's catty. Nobody takes care of the place.
It's not clean. That's not the way Bifrost Manufacturing is. Those guys run a tight ship there, but they still have fun. There's a really good culture at Bifrost Manufacturing. Work hard, die hard. Yeah. That's exactly what they do. Aaron is like the dad there. You know? He, just kinda roams around. Everybody's got a lot of respect for him. The real task master there is is Killian, and this is a young guy, and he brought over a crew of of other young guys that were in the aerospace industry. Mhmm. And their souls were kind of being sucked in the aerospace industry. Oh, what the They're doers. They're workers. They're creators. And as Aaron had said, they're they were kind of ruled over and suppressed by Excel engineers, you know, spreadsheet engineers.
Their creativity is is allowed to just flow freely, weaving that into an ad read for Bifrost manufacturing. The stuff that you send over to them, whether it's mining related, industrial manufacturing related, they can create something for you because they're free to create. They're free to innovate. Mhmm. They're not just the kind of organization tells you, well, that's not typically what is done, or we don't know how to do that. They'll figure it out. Because it's not it's not standardized, so we can't do it. These guys can think. And they have the time to think. You know, it it it's not like listen. They do mass manufacture stuff there. I'm I'm not gonna bullshit that. I mean, Aaron was just telling me the other day they were printing end caps for rails. You know? So there is a lot of that, but they also have the time and the freedom to create and innovate and invent and work with you on pretty much anything you can think of. They're Imagineers.
[00:49:46] Unknown:
Imagineers. I like that. Yeah.
[00:49:49] Unknown:
So, anyways, check them out. It's Bifrost Manufacturing.com. Bifrost, b I f r o s t, manufacturing.com.
[00:50:01] Unknown:
Well, can you do what I read? Bifrost Manufacturing.
[00:50:04] Unknown:
Thank you. Or follow them on Twitter, Bifrost m f g. All in all, the trip to, North Dakota was a good one. I not only got to tour Bifrost, but bond with, a few of the Pleb Miner guys, Jamie Bergen, Misfit, Aaron Hall. That's good. These small scale pleb get togethers are where it's at. We were already brothers before, but after something like that, fishing trip, eating jerky, enduring the cold North Dakota weather, it's very bonding. What's that next? It's time to stop. After all. Everybody, stop what you're doing right now and boost the show.
Boost are terribly important to us. They help us pay for editing for the show, lets us know what you like and what you don't like about the show, and then enables us to free ourselves from reaching out to sponsors that aren't cool, like Bifrost,
[00:51:03] Unknown:
like Lincoln, like Altair. You like the show? Give us a boost. You don't want us having country sponsors, do you? You don't want us swanfluencing, so we appreciate some boosts.
[00:51:13] Unknown:
And we'll also know if they're coming now because we can see now, can't we, because of what Lincoln Park rules has done for us. We can see exactly the time stamp of when these SATs roll in. Thanks, Lincoln Park. Yeah. For all the cool new tools you've brought to us. Mhmm. No doubt there's gonna be some sort of GIF or image as people are seeing this. Yeah. That's one of my favorite things about working with, working with Jordan is he knows all the ins and outs of this stuff, like how to make chapters and the transcripts and have it all time up and how to put the GIFs in there. No. No. I had a lot of fun making the chapters on the last couple episodes with the GIFs. People appreciated them. They did. I had a few people reaching out to me saying how much they enjoyed them. So, yeah, any
[00:51:51] Unknown:
boosts are very welcome and appreciated so that we can keep running things. And, yeah, pay this editor who seems to be doing a pretty good job so far, and hopefully, it will free us up to do some more creative stuff. So that's exciting. And now Blood Miner,
[00:52:08] Unknown:
action news. This is Ungovernable Misfits Action News, your trusted source for news in the Bitcoin mining scene. Our whole pane of journalists are dedicated to uncovering the stories that matter most. What's that in the sky? Why, it's all tear with minor news. Turn up the bass with base load. Contributing maverick journalist Dick Greaser from the Bitcoin bugle and the ever present Barnminer. And now, Ungovernable Misfits, ACTION NEWS!!!. Eventually, this girl turned Barnminer into a goat. A grumpy goat. Yeah. Bad dude. Bad. Bye, my jerky dude.
Alright. Enough effing around. This show's going on long enough. First up, our, new sponsor, Altair. Altair. Altair. Altair. Altair. Altair. Got it? Altair? No. No, you dumb fuck. Altair. Altair. Who tair? Al. You tear. She tair. We tair. We all We all tair. Yeah. That's it. Altair has a, a little mining report for us. I said, hey, Altair. What's going on, man? What's going on in mining? Boom. 2 seconds later, typed all this shit out. Synergies. The year of the dragon has begun. China has resumed operations following the lunar new year to now the year of the dragon. What does that mean? I don't know. Not Chinese. You know, the the Chinese, they take a break for this, so no equipment's coming out. Okay. All the ASIC dealers said, hey. Just forget about it. It's gonna be a little bit. You just let them have their Chinese Lunar New Year. And then after that, they'll start pumping out machines again. And pumping out machines, they are. They're saturating the market with s 20 ones. S 21 prices for the 188 terahash s 21 units are rapidly declining and have dipped below $4,000. Get them while they're hot. Bitmain has also transitioned from having 4 temperature sensors per hash board to 1 in each chip, resulting in over 100 sensors per hash board on the s 21. While this adjustment may prevent chip damage from localized overheating, many users are encountering issues. That's a lot of sensors. Sensor issues. Yeah. You're going from 4 per hash board to temperature sensors.
Temperature sensors on each chip. That's just a lot of points of failure. So there's just a lot this is when I was selling cars,
[00:55:02] Unknown:
all the time that we were having problems or most of the time we're having problems, it was fucking sensor problems. People would come back. They're like, oh, I've got these lights on my dash. There's this problem and that problem. Every time it's like plug in, it's the fucking computer. It's the sensors, and you have to, like, fuck around. And then it wasn't actually anything wrong. It was just a sensor issue. Mhmm. I imagine that's what's happening now with these things. Also coming from Bitmain,
[00:55:25] Unknown:
each miner will soon be equipped with a check engine light. Which you can ignore. Yeah. Just go ahead and don't pay any attention to that. Unfortunately, too many of these temperature sensors and faults, and, the machine says, hey. I'm gonna stop asking. That ain't no good. Mhmm. You don't want s 21s are struggling to operate at full power even in the cold winter conditions due to 1 or 2 chips overheating. Somebody that we pay attention to and is in the mafia, checksum 0, said he deployed a whole bunch of S 20 ones the other day and had none. That's 0 dead on arrival. So that's that's pretty good odds. Time will tell with all this stuff as it does with everything. That's why I don't buy new models of cars when they come out. Actually, I don't buy new cars at all, but, total frame up rebuild, like the the Toyota Sequoia and and Tundra now, hybrids. I'm a let that flesh out for a little bit before I look at those things. Whatsminor attempted to outdo Bitmain by introducing the 128 terahash m 60 units in the Q4 of last year. However, these units are no longer available for sale. Whatsminer only shipped m60's in very limited quantities, leaving Bitmain with a clear advantage in terms of paper specifications.
However, reliability is a whole another ball of wax. Why did they only ship such limited
[00:56:40] Unknown:
supply? Just because they couldn't produce them or they didn't have enough sales or or you don't know?
[00:56:46] Unknown:
I don't know Okay. Is the answer. Okay. Do you know who may know who is our new sponsor? Ungovernable Misfits ACTION NEWS!!! is sponsored by Altair Bitcoin Mining Solutions. Altair Bitcoin Mining Solutions. That's Altair, altairtech.io, has just about everything you could possibly want for Bitcoin mining, from small scale to large scale. You want a couple machines? You want a bunch of machines. You want a USB stick miner. You want a fan. If you just wanna talk, maybe you want your fortune read. It's in the stars.
[00:57:37] Unknown:
What about if I wanted something shipped to the UK?
[00:57:41] Unknown:
Could they do that? Hey. That guy will do it. Really? Yeah. And this is one of the exciting things about having Altair as a sponsor is he ships internationally. He cares to ship internationally, which a lot of other, hardware sellers don't He's always got the UPS man at his door, DHL, FedEx. He knows them all. He'll ship it. I love it. Anywhere? EU, UK,
[00:58:07] Unknown:
America, Australia?
[00:58:10] Unknown:
Just ask. Yeah. Just ask. You'll probably do it. Max, you want a machine? I want several machines.
[00:58:16] Unknown:
One thing I need to remember if I do order some machines though is to use our code, which is ungovernable.
[00:58:23] Unknown:
Little affiliate link. I'm sorry. What's that?
[00:58:26] Unknown:
Ungovernable. For those who can't be governed, use CODE UNGOVERNABLE. We'll put a little affiliate link as well. Crown's gonna put it on the website. We're getting so professional, mate. I think so. Yeah. It's, kinda weird. I like it though. The professionalism? Yeah. We're still shit and we're still clever, but there's just like, we've got people around us who are really professional. Do you know what I mean? Yeah. Big area. We're still just fucking around just being useless cunts. And then we're like, Crown, can you do some really cool shit that just looks amazing? And he's like, yeah. I can do that. He doesn't even say, yeah. He just does it. He just does it. Same with Lincoln Park rules. Just does shit. It looks it makes us look good. Mhmm. We have to just keep reminding people that it's actually those 2 who are doing stuff. Yeah. Crown and Lincoln Park rules. Thanks for carrying us. Yeah. But everyone who's listening to this and seeing all the cool stuff, don't expect
[00:59:22] Unknown:
great things from me or John. Just know that we're being carried. Yeah. We are nice guys, and we're kinda funny. That's really about all we have to offer. Yeah. I can cook really well. Oh, that's nice. Yeah. I'm quite like decorating. I can lift things, you know, like if you need me to carry a log or dig a hole, I'm pretty good at it. Really? Like a little mole? Yeah. Yeah. Like like, dig this up. Okay. Dig these post holes. Alright.
[00:59:50] Unknown:
And just do it. Carry the post over. You can do all that stuff. Mhmm. Pretty well. Yeah. Okay. I'll bear that in mind.
[00:59:58] Unknown:
Give me give me a call. I'll go over and help help out. Anyway, a big whoop whoop to altairtech.io. Great website, great customer service, appeals to all scale of Bitcoin mining, cares about all scale of Bitcoin mining, is a mining nerd. Like, he really gets excited about this stuff. When somebody comes out with a new, home heating build, he's super psyched to see it. Yep. Supports that public pool, the the BITAXE pool that we talked about earlier in the episode. Like, there's even a promo code for that pool for for alt Altair. I said it right. I don't know. He's just everywhere. He throws a lot of love and support out to the plebs. Super plebby
[01:00:40] Unknown:
guy. Happy with him as a sponsor. Very happy. Yeah. I could sense that when we did our call for the sponsorship. Where people have been around the space for long enough, like, people, like, start to get a bit miserable, but not this guy. No. No. He's he's not a crypto bro. No. Who really
[01:01:05] Unknown:
lives, eats, and breathes Bitcoin and has been in it for a long time and still loves it. Yeah. That's cool. Well, we appreciate the sponsorship, and I appreciate that you're actually sending stuff out to the EU and UK. That's cool. No doubt. I asked Altair for the skinny on these Auradine miners. I don't even know if I'm saying that right. And he said he spoke to Auradine a few months ago, and they appeared to be primarily interested in catering to large scale customers initially. And this is the way that kind of thing goes. Like, was that fun? Yeah. The Dessi We Miners last summer, Cadillac of Miners, really cool thing, got all these copper heat sinks and whatnot. It's it's just not made for the individual. He made a tentative agreement to involve Alta Alta Air Tech as a distributor once they were ready for the mass market, but he hasn't received any updates from them. So apparently, they aren't ready for widespread sales yet. Okay. He says he remains skeptical of new players entering the semiconductor space.
The industry naturally tends towards monopoly due to the high capital requirements. Intel held the lead for 40 years, and it seems like TSMC and its partners like Apple, NVIDIA, and Bitmain will maintain dominance for decades to come. He wants us to recall the hype surrounding the Avalon a 14 release in September 2023. However, we have yet to see any units in action. Ultimately, success in this field boils down to which Bitcoin ASIC designer secures allocation with TSMC next, the only formidable contender he foresees on the horizon that perhaps block due to their ability to invest large sums at Bitmain. So perhaps Block will be a contender here soon enough.
That Auradine Miner just mentioned, a little bit of info on that. If you're ever able to get your hands on one, it's a pretty powerful group of machines. The Auradine Teraflex Bitcoin mining system touts the most advanced silicon chip technology with auto tune technology and fleet management. So the fleet them doing fleet management is interesting because it kinda busts up against Link coin and and Foreman who provide the same service. Its a t 2880 air cooled system has an efficiency of a 161 joules or jeez. 16 joules per terahash at 260 terahash, and the AI 3680 single phase immersion system tops 15 joules per terahash at 375 terahash.
So they're powerful machines. You're just not likely to get one. That's really fucking good, isn't it? I've not heard anything
[01:03:24] Unknown:
as low as 15 joules per terahash and as high as 375. Is that the BPS machine?
[01:03:30] Unknown:
I think so. The s 20 one's about 17. Okay. 188 to 200 by comparison. Impressive.
[01:03:37] Unknown:
So it's amazing. You just can't buy 1, and we don't have Yeah. Yeah. Pretty much. That's it. Mhmm.
[01:03:45] Unknown:
Okay. Next bit of information we have on action news. The Energy Information Agency form 862. Did you hear about this, Max? I heard about it.
[01:03:56] Unknown:
I'm not that informed, so you're gonna have to fill me in a little bit, but I get the basic idea. Mhmm. They want more, more, more, more, more, more, more, more information. And, yeah, it seems that these people just want power. They want compliance. Mhmm. And compliance is like feeding crack to a crack addict. You should never ever give them a taste
[01:04:22] Unknown:
because it is never enough for these crack whores. Yeah. They're always wanting more. Man, you said it. I wasn't, I wasn't ready for the crack whore analogy, but you're spot on. No teeth. They'll suck your dick for just a little bit more power. I think the problem is they have, like, 1 or 2 teeth. Oh, it's great. Off and jagged. Yeah. Yes. All right. The EIA Form 862, they said the purpose of the cryptocurrency mining facilities survey
[01:04:53] Unknown:
is to address the energy intensive nature of cryptocurrency mining, particularly Bitcoin. The survey approved by the Office of Management and Budget under emergency provisions aims to provide detailed information on mining services, energy usage, and impact on the power system. Vocal fry. The survey was sent out to 82 miners on February 9th.
[01:05:21] Unknown:
You just know it's exactly the type of people who work there. The office of management and budget. Yeah. OMB. Oh, fuck
[01:05:33] Unknown:
off. All their Zoom meetings are just filled with vocal fryyyyy. I mean, don't you take me seriouslyyyyyyy? When this came out, of course, the Penis Dorter types jumped on spaces. All right, everybody, we got to talk about this. We need to talk about compliance and what we're going to do. And let's get together as an industry and figure this out. How do we respond to this? He said things like that the survey will help us better understand how often bitcoin miners are balancing the grid across America. We need to work together to ensure that lawmakers and regulators are well informed on the potential of Bitcoin mining. My reaction to that was, if Bitcoin is a threat to global power structures, that means the man, the EIA, the gobleormant hate you. They fucking hate you people. Listen to me. They hate you. What do you say to them? Go fuck
[01:06:28] Unknown:
yourself. Every time. That's your initial reaction. Mhmm. The government comes back. Y. What's that? G f y. Say it again? Fast. G f y. That was fast. Mhmm. Or you take it slow. You do it fast maybe, but then you can take it really slow, and you can just go go fuck yourself. Throw in a cunt if you feel brave. Go fuck yourself,
[01:06:50] Unknown:
you cunt. You know what I mean? Yeah. That was my reaction. Mhmm. Alex had a good take on this, our old buddy, Alex. He said the registry serves as a tool for surveillance and tax enforcement, allowing authorities to track mining activities and income more efficiently. Exactly. Exactly. His second point, concerns about grid stability seem exaggerated with other threats like physical sabotage posing more immediate risks. The bill, which wasn't a bill. It was just a survey, may not address the most pressing issues facing the grid. 3, the registry could lead to restrictions on foreign investment into mining operations, potentially facilitating nationalization or confiscation in the event of conflicts with countries like China. Oh, that's interesting.
Mhmm. And his last point was similar to operation choke point. The registry might enable federal pressure on utility providers, complicating setup and operation for miners. This could favor larger regulated mining companies, and we constantly see this. Why are there 3 car manufacturers in the United States? Basically? Nothing's getting past, Alex. No. No. No. Nothing. He's very, very sharp, that guy. He's
[01:07:56] Unknown:
exactly right. And, yeah, I don't think there's any argument for any other way of looking at this. They are not your friends. They are not gathering this information to help you.
[01:08:06] Unknown:
It's to rape you. Everybody was on this spaces call with with penis daughter, and the amount of, yeah, yeah, you're right, was absolutely disturbing to me. It irked me. As we've always said, and I think this is a reason why we do this show is is to remind everybody the ungovernable, rebellious side of Bitcoin mining. Even at larger scale, 5, 10 megawatts, you can still be an ungovernable misfit. You can still be a a pleb miner. Don't ever forget where you came from. If if you came from there, a lot of miners didn't. This is true. This is true. Yeah. But keep that flame alive. We're fucked otherwise. They get their claws in. Yeah. They don't let go. 1 of the first to publicly, push back against this was actually Riot.
So kudos to them. Congrats. Riot, along with the Texas blockchain council, filed a lawsuit against the Department of Energy and claimed that, one, this case is about sloppy government process. That's actually in the and think it's in the court filings. Sloppy government process, contrived and self inflicted urgency and invasive government data collection. Riot's lawyers were spitting fire. They said on January 24, 2024, the EIA urgently sought the office of management and budgets approval for collecting private energy data from cryptocurrency mining operations, citing potential public harm without immediate action. The OMB hastily approved this request, violating procedural laws and acting arbitrarily. Despite these breaches, the EIA proceeded with data collections, coercing companies like Riot to respond under threat of penalties. Without court intervention, affected companies face immediate harm from disclosing sensitive data to the EIA without proper authority. So they made some great points, and the judge absolutely agreed with them.
Wednesday of this week, I'm not ready for this, Max. I'm not ready for prime time. Well, here's wait. Look. I have the court documents here. Oh, I can hear them. They sound heavy. Yeah. Yeah. I sent body over to, Texas to pick these up. He has a printer into his ass? No. He he physically picked them up at the courthouse. Oh, okay. Yeah. He rode in his impala. Of course, he did. 20 inch blades. 20 inch blades. Yeah. Absolutely. So the judge in in this this court filing basically said, yeah. The EIA, fuck you. Like, what what are you doing? He said the EIA commits, not to seek or impose any fines, penalties, or any other adverse consequences based on a failure to respond to the survey before March 25th, the 1st business day after March 22, 2024.
The EIA further agrees that it will sequester and not share any data received for any party responding to form EIA 862. So the judge ruled. The EIA said, okay. Fine. We're not gonna do this. We're just gonna maybe just delay this. Everybody is gonna have to pay close attention to this. This isn't their first shot across the this is just a shot across the bow. They're not finished. I believe this is just a stay. I'm no lawyer. Alright? But they took this down from their website. I wanted to do the show, and, we've got something going on here in a few seconds. I wanted to see the form. I saw it all over the Internet, then I saw the questions. I said, I want to download this form and just kind of poke around with it. They took it off the website after this this court filing. Sneaky. Sneaky weasels.
They'll be back. In the court filing, it says, in light of the arguments presented by the defendant's counsel, plaintiff has alleged 3 main sources of irreparable injury. So this was finally what they claimed. Hey. This is what's gonna happen to us if you let this go on. Number 1, nonrecoverable costs of compliance with the survey. You gotta fill it out. You gotta have somebody go around the mine and figure out what's what. What is this machine's terra hash? What is its power usage? That takes a long time. 2, it's a credible threat of prosecution if they don't comply with the survey. And number 3, the disclosure of proprietary information requested by the survey, thus risking disclosure of sensitive business strategy.
So the judge determined that they get a case. They get a point. You only get 30 minutes to complete the survey. 30 minutes. If you get a mind with a 1,000 machines, how are you gonna complete the survey in 30 minutes? Don't do the survey. The judge determined that, it likely violates some kind of law and that the survey is arbitrary, capricious, and abuse of discretion. So thank you to Riot for bringing the suit on. Thank you for being one of the few organizations that fought, that at least tried. I'd like to know how many of the 82 actually started filling out the paperwork. Many is my guess. I bet they came with suggestions. Hey, how can we work with you to give you more data?
[01:12:43] Unknown:
You wanna be your friends.
[01:12:45] Unknown:
They want preferable
[01:12:46] Unknown:
treatment. Yeah. They do. We're lucky to have somebody in the the energy procurement industry like Bitcoin Bassload. So he's gonna stop by here and give us his take on everything. Okay. What's up y'all? Pace load stopped by and gave us a write up on what the EIA is and his thoughts on this survey controversy. I'm gonna read parts of it, but the whole piece will be published on ungovernablemisfits.com under writings. He says recently, there has been initiative by the US government to obtain identified commercial industrial cryptocurrency miners. He says personally, I think it's it's interesting that it's been reported that only the identified ones are required to provide detailed information back to the government or else be fined $10,000 a day. While we can unpack this a little bit, let's talk about who the EIA is and what they do. He says the EIA was started in 1977 as a statistical agency for the Department of Energy. It provides policy independent data, forecasts, and analyzes to promote sound policy making, efficient markets, and public understanding regarding energy and its interaction with the US economy and the environment.
That's the DOE's definition of what the EIA is. The EIA also defines themselves, which I think is kinda funny. They said the US Energy Information Administration is the statistical and analytical agency within the US Department of Energy. They collect, analyze, and disseminate independent and impartial energy information to promote sound policy making, efficient markets, and public understanding of energy and its interaction with the economy. And by law, its data analysis and forecasts are independent of approval by any other officer or employee of the US government. He points out that you can see the difference in the definitions between the Department of Energy who oversees the EIA and the EIA itself.
It's like you saying to your kid, hey. Your name is Johnny. You're 10 years old, and you're a boy. And Johnny going, no. I'm not. I'm a 50 year old woman. You're a 50 year old woman? Well well, Johnny, not me. It's somebody else named John. Oh, okay. Maybe I shouldn't have picked Johnny. Billy.
[01:15:30] Unknown:
I was like, I had my suspicions, but here we are. What gave it away? The vocal fry. It's that Ms. Doubtfire vibe. Hello.
[01:15:43] Unknown:
So now that you know the definition, did you know that the EIA was the first government agency from the DOE that was on the Internet? Isn't that cool? They're so progressive. Yeah. That is actually really great. So they've been on the Internet since 1995. It's like, what better organization to send out a survey to Bitcoin miners that they're progressive and cool. Can we change our view on it now that I know this little,
[01:16:05] Unknown:
gem of information?
[01:16:06] Unknown:
Yeah. Right. We like them now. They're awesome. Alright. So let's look at the survey itself. The EIA is asking cryptocurrency miners things like, who's your electricity supplier? Please report the company name of the facility's electricity provider. It's like, who who the fuck are you? He said they are asking what kind of mining equipment the miners have. They wanna see electricity invoices. If you identify yourself as a cryptocurrency miner, ask yourself, does anyone else do this as an industrial consumer of electricity? Isn't the whole idea of deregulation to do private negotiations for electricity supply between customer and energy entities without the ability to have to disclose the strategy you negotiate. Does anybody else do this as an industry? Do they? I don't know. But that's the question that needs to be answered. Why target Bitcoin mining specifically? Because they care, John. They care. They wanna help us.
They like this movement. He says full disclosure, the EIA data is quite good with providing articulated data in multiple energy types. So when they're performing their assigned tasks by the DOE Department of Energy, they do a pretty decent job of it. But his challenge would be to say, if miners have to do this, why not every industrial consumer do the same thing? His final thoughts are the EIA literally has a unit of measure in the form ei 862 entitled burden hours. Yes. You read that correctly. They are measuring the burden of you punching that information into a keyboard in hours. So they admit themselves, this is a burden, but they only give you 30 they they say it's it should probably only take you about 30 minutes to fill this out. It's only a burr.
[01:17:44] Unknown:
It's only half a burden. Hey, yooo.
[01:17:47] Unknown:
It's a really good one. Thanks, John. Here at Ungovernable Misfits, we have some advice on how to answer surveys such as this because it will be coming back around. So we want you to be prepared in a little bit of Ungovernable Misfits theater. I will be playing the role of the wrinkle dick government bureaucrat, and Max bit by bit, of course, will be playing the role of the ungovernable misfit. Oh, so I'll just be answering your questions, will I? That's correct. And you won't even have to play a character. You can just be yourself. Okay. Just just a twat.
[01:18:22] Unknown:
I can do that.
[01:18:23] Unknown:
Hello, mister bit by bit. I'm Edward Wrinkledick from the EIA, and I am here to help you fill out this survey. It should just take a quick 30 minutes of your time. If you could just go along with me, I'd really appreciate it. Sir.
[01:18:39] Unknown:
I'm here.
[01:18:41] Unknown:
Okay, sir. Good. Good. First question is, what is the facility for which this schedule is being completed? Like, what's what's the name? The name of the facility is Hash
[01:18:53] Unknown:
Sluts.
[01:18:54] Unknown:
Hash Sluts. Is that with an s or a d? S. Hash Sluts. Very good, sir. And the address of this facility?
[01:19:06] Unknown:
The address is 6969 420 g f y, Intercourse, PA.
[01:19:16] Unknown:
Okay. I have that as 6969420gfy. Is that a road or a a boulevard? G f y g f y street? Just You don't have to you don't have to answer that, sir. Just g f y. Okay. I'm sure that'll come up in the post office's database. And this is an intercourse PA. Correct? Can confirm. Can okay. Good. Who is your electricity provider, sir? The Sun Bro. Sun Bro. Sunbro Incorporated. I'm just gonna write down Sunbro. Okay. Let's talk about your cryptocurrency mining characteristics. Okay. Let's please report each one of the following characteristics. If actual data is not available, please provide your own estimates. Okay, sir? Alright. What is your mining unit count? 69.
69. That's a popular number for you. Okay. The, mining unit age? 420. Sir, it is that month or months? 420 months? Weeks? Whatever you like. Let's go with weeks. Okay. So you're being hostile. That's fine. I'm sure a $10,000 a day fine will set you straight. Next question is, what's your mining electric load? On your mom's face. Rude. Okay. And your approximate mining hash rate? 69. 69 again. Thank you, sir, mister bit by bit. We appreciate you filling out EIA form 862, and, we'll be in contact with you soon. We'll send the IRS your door and make sure that you're paying all your taxes. You didn't wanna ask me where the mine is located? I I did ask you, sir. You you gave me 69 69 420 g f y, you didn't say street or boulevard, Intercourse, Pennsylvania.
[01:21:02] Unknown:
Okay. Sorry. Can I actually make an edit to that? Because I need to be a bit more specific. Oh, sure. Go ahead, sir. Up your mom's asshole.
[01:21:10] Unknown:
Goodbye. And scene. Yeah? Yeah. Yeah. You like that? Just a little addition at the end? I think they'd like that. I think they would too. You definitely would. He sounds like that kinda guy.
[01:21:26] Unknown:
Yeah. You definitely aren't gonna have any problems with the tax authorities. No. Because that's not what they're here for. They're here to help.
[01:21:33] Unknown:
That's right. I think in response to that, he would say, why not
[01:21:38] Unknown:
mine?
[01:21:41] Unknown:
Why not both?
[01:21:42] Unknown:
Oh, mom. Hello? I found the perfect guy.
[01:21:51] Unknown:
What are we doing? Okay. Why are we like this? Top tips. Top tips from Max bit by bit. To close out the show, we have our Bitcoin bugle article, and I was gonna read this in a very similar voice to what we did before.
[01:22:09] Unknown:
I like the voice.
[01:22:12] Unknown:
The Bitcoin bugle ad read is brought to you by the Lake Satoshi Bitcoin Beach Retreat that takes place the weekend of August 10th 2024. Free pinup. Tickets are $21 online or at the door or just throw somebody some sats or I don't know. Bring whatever you like. $21 worth of beef jerky. They'll probably take it. There's a barbecue on Saturday. Both Saturday and Sunday, there is breakfast. Oh. And we are trying to coordinate, Chet in Bassload, if he comes, which will be cool. A little shootout, both basketball and guns. So I intend to bring a decent amount of armory and some ammo, and I sure a lot of other people are too. And maybe we'll shoot some bottles or some cans and then shoot some hoops. I won't be shooting the hoops. I'm really bad at basketball. I can imagine.
[01:23:02] Unknown:
These are gonna happen at different times in the day. It's not gonna be
[01:23:06] Unknown:
one event. No. That sounds fucking dangerous. No. It is one event. You throw the basketball up. I shoot it. It's like ski shooting with basketball. Okay. Great. Real family activity.
[01:23:18] Unknown:
Yeah. Your basketball skills, is this something you've tried and just failed at and decided, no, this is never happening again, or just not your sport? It's not my sport. It is something I've tried and
[01:23:30] Unknown:
tried and failed at. Mhmm. I don't know. I'm just not good at it. We have a basketball hoop staring at it right now. Okay. I can hit the baskets, but when it when it comes to the dribbling and other people being in my way Yeah. The whole thing. I'm really good at defense though. Okay. I'm aggressive. I imagine there's quite a lot of fouls. Lot of fouls. I foul a lot. Yeah. Yeah. So I can't imagine you're that aerodynamic. You know? Not aerodynamic. Not aerodynamic. No dunking. I like football. I don't like basketball. No dunking shit. And my vertical leap is a good 6 inches. You bring a little step ladder to games.
[01:24:06] Unknown:
Look at me.
[01:24:10] Unknown:
Dunk. It's like I can jump up and grab the net and pull myself up Okay. To the rim. Yeah. But there's definitely no dunk. Okay. I'm excited to see if if Baseload comes to see Chet and Baseload compete against each other. Because I don't know if you know this about Baseload. He was a college basketball player. Oh, okay. Like, he he can ball and so can Chet. Okay. I can see that. Let's try to get this rivalry going. Let's really stroke them.
[01:24:34] Unknown:
I wanna see them do this, but on skateboards.
[01:24:38] Unknown:
What, Bassload can be on a skateboard, and Chet can be on roller skates. That'll be interesting.
[01:24:44] Unknown:
Yeah. Skates or blades? Skates. Every once. You know, they do, like, a roller discos or what are those ones where the waitresses have them? Roller Car like a car hop. We have a sonic Yeah. Yeah. Yeah. Sonic,
[01:24:56] Unknown:
car hops used to come out on skates. Yeah. Chad would look good like that, I think. He sure would, especially in a skirt. Uh-huh. Real family time. And that leads us that leads us into our next story. Speaking of guys in skirts, this is from the Bitcoin Bugle an article by Richard Greaser it says admiral Rachel Levine cancels climate change for being a racist good for her Thank you, admiral Levine, for canceling climate change because it's racist. Yeah. Thank you. In honor of Black History Month, the Biden administration has taken a firm stance against climate change narrative as admiral Rachel Levine has declared climate change racist. She says climate
[01:25:35] Unknown:
change is racist, and we need to cancel it. It shouldn't be promoted on media, movies, or anywhere. We shouldn't allow climate change into our businesses, and it should be completely debunked. We cannot have racist mother nature running unchecked through our black and brown communities who are affected more by climate change than white people. Mother nature is one racist white supremacist bitch,
[01:25:59] Unknown:
she said during a press release. What canceling climate change entails is uncertain, yet we can make assumptions based on what we have already seen from the administration. The cancellation would likely look like deplatforming on social media, other forms of censorship, controlled media campaigns, FBI witch hunts, and just about everything in the state's toolbox. While individuals have been canceled for climate denial before, cancellations this time would include racism on top of failing to trust the science. Companies like upstream data, riot platforms, and Cathedra that take hard stances on ESG and climate change are likely to be targets of cancellation by the Biden administration.
Too right. A little bit of backstory on Rachel Levine. Rachel Levine is a straight up man. That's a man. It's a man man. This, beastly monster was our health and human services type secretary in the state of Pennsylvania during during COVID times. So you had to hear this guy constantly on, press briefings with the state and with the governor and whatnot and what the state of Pennsylvania is gonna do. And this voice is ridiculous. Like, I don't even think I'm doing it justice, this guy's voice.
[01:27:18] Unknown:
Class. Class. Class. This is why the whole world looks up to you guys. Yeah. For real. We look to America for guidance. We go, fuck. I just wanna be like them. It's really demoralizing.
[01:27:30] Unknown:
I don't know if it's the same position. I forget what this this position is called. No. No. No. It's not that's the surgeon general. I don't know what this this admiral of whatever. It's a health and human services secretary, but they make you an admiral of some sort. So they put a uniform on this guy. Talk about putting lipstick on a pig. They put a uniform on this guy, and he's dressed up like an old lady in a uniform and admiral cosmic. It's like, I think I'd rather have captain Crunch as our health and human services secretary than admiral Levine. Sounds like Sea org. What's that? With,
[01:28:03] Unknown:
what's it called? The culty thing that Tom Cruise is the head of, and they all wear, like, a little seagull, like, military costumes and stuff in there. I don't know what that is. Sea org? Are you saying s e a org, like organization? Sea org. I'm gonna have to Google it now. Sea org Scientology.
[01:28:23] Unknown:
Oh, Scientology.
[01:28:25] Unknown:
Yeah. And they all wear, like if you've Googled Sea Org, you'll see them all in there, like, little sailor outfits and stuff like that.
[01:28:33] Unknown:
And You know why? I think that might be because the inventor of Scientology, his name was Elram Hubbard. Yeah. Yeah. Right guy. Right guy. Yeah. Yeah. He'd, like, fancied himself as some sort of sea captain, and he'd have these ships in international waters where he molested kids and stuff. Like, that that's the origin of of, Amazing. Of Scientology. So, yeah, maybe that's why they made them all selves captains. Okay. Well, it sounds very similar. This,
[01:29:01] Unknown:
lady sounds like she might maybe like children and boats as well. So, you know, maybe she should She love all children.
[01:29:11] Unknown:
Fucking joke. Talk about demoralization with this guy all dressed up in a military uniform. Amazing. I'm concerned about your health. Worried about worried about prostate cancer? Cut your penis and balls off.
[01:29:26] Unknown:
Right. We need to stop being so racist.
[01:29:31] Unknown:
And destroying the earth. To wrap this up before we get, thrown off YouTube. Yeah. Well, my homeboy, we're thrown off Straight up. It's done. Rumble it is. Sorry, Crown. All the work that you've put into YouTube, we just We wrote it. Down the toilet. Yep. Well, thanks for stopping by. This has been Ungovernable Misfits: ACTION NEWS!!!
