UNGOVERNABLE

Pleb Miner Monthly 

Episode 3 

Show Notes

A Bitcoin mining podcast focused on the Pleb Miner, the stalwart that defends the Bitcoin Network. Listen and Boost the show on Fountain App 

Statistics by Lincoin Pool and Lincoin Lens

Jon M30s+ Tweet

Miners have a lot of choices in pools, payout schemes, monitoring, tools, UX, ease of use, etc. Pleb Miner Monthly chose to partner with Lincoin Pool because we liked the cut of their jib. There’s a family kind of atmosphere at Lincoin pool. 

What do you call a Hot Dog on wheels? Fast Food.

Bitesize Bitcoin by FixRigs

Hash Rate is going up, the Hash value is going up, and the Hal Finning is coming up in a year.

You want to have your machines ready to go for when the price pumps and you’re transitioning from low power mode to ludicrous speed. Be sure to keep your machines in tip-top, ready-to-deploy shape, by sending them to FixRigs. FixRigs is a premium repair facility located in Miami Florida. They are staffed with highly trained, technicians who are ready to diagnose, repair and clean your machine and get it sent back ASAP so you can get back to hashing.

Fix Rigs not only has highly qualified technicians and a state-of-the-art facility, but they are masters of logistics. They have you covered in all aspects of the repair process. 

Bitesize Bitcoin on Block Creation

The candidate block header fields are version number, previous block hash, the Merkle root of proposed transactions, timestamp, target for Proof of Work, and a nonce.

Action News! by Kaboomracks

Kaboomracks Alex is a great friend of the show and a Pleb Miner Month Founding Father, he’s also a great friend IRL. If you need mining gear or just have questions, he is the perfect person to reach. out to 

Nico Smid’s Bitcoin Mining Block Post

Ordinals, OOB transaction, and pools by Medi Naseri

Bitcoin Bassload’s Energy Market Update

Bitcoin Bugle Crypto-Cloaks launches new sex toy called the HashLight

Pleb Miner in the Wild by Peach Bitcoin

Peach Bitcoin launches open Beta March 6th 

Dirty Shotya

Dirty Shotya’s Geyser fund: One S9 running in the middle of NOWHERE

Special Thanks to Bitcoin Hat Guy for the limited edition Pleb Miner Skull hats visit him on his website to see his many other offerings. Bitcoin Hat Guy

Also, get your Ungovernable asses over to the new and improved Ungovernable Misfits YouTube channel and subscribe. Go through every video, like them, and comment, every single one, do it now, do it! Do it!

Bitesize Bitcoin

Block Creation

Mining is still in the infrastructure-building phase, that’s hard to believe 13 + years after the genesis block was created, but yes, we’re still building out the foundations of the Bitcoin network, at least as far as mining is concerned. We know this because the incentive to mine is clearly dominated by the coinbase reward. Driven by new coin generation, miners pay less attention to the fees generated by the transactions included within the block than they do the block subsidy. Comb through past blocks though and you’ll see some spikes in Tx Fees vs Block subsidy, sometimes quite impressive. For instance, on December 21, 2017 it was a banner day for transactions. In block 500,439, …13 or so Bitcoin were paid for the 2,335 transactions in that block, fees made up 51% of the total payout to miners.  All in all, block subsidy is king, but fee are on the rise due to recent, uh, developments. 

Well this could be a fine time to brush up on the particulars of block creation and the handling of transactions. Now to the exiting stuff 

In this episode of Bitesize Bitcoin, we will cover the creation of a block template, a candidate block, and the components of a completed block

Don’t forget, commit to memory: The candidate block header fields are version number, previous block hash, the merkle root of proposed transactions, timestamp, target for Proof of Work, and a nonce.

Bitcoin monthly 0024 Monkeys in the mempool.

We discuss the big monkey in the #bitcoin  mempool, delve into some important updates from Sparrow Wallet, Join Market, Breez, Stack Wallet, Zeus and Bitcoin Keeper. We also take a quick look at Coinkite's announcement of a new hardware wallet. What can we expect from of this?

Welcome all to the first animated episode of Bitcoin Monthly - The Show! Since this is a very new concept for us we would like your feedback! If you have any tips, ideas or other comments feel free to let us know so we can work on improving our content.

In this episode

0:00 Intro

0:18 Max Eating Bounty and Teambuilding

4:27 Join Market

5:23 Sparrow Wallet Update

9:52 Zeus Wallet Update

12:52 Breez Wallet Update

18:50 Bitcoin Keeper

22:25 Stack Wallet

26:53 Foundation Passport Update

28:30 Coinkite announcement 

34:37 Monkey’s in the Mempools / JPEG’s & Ordinals

1:04:17 Outro

If you enjoyed the episode, please let us know by liking and/or subscribing the video! This will help us so much and be honest, it's a small effort!

Bitcoin Monthly - The Show was created by

Show Sponsor: Foundation Devices

Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.

As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates.

Returning to cypherpunk principles, they build open source technology that “can’t be evil,” 

that preserves your freedom and privacy by default.

https://foundationdevices.com/

Show Host: Max 

https://twitter.com/MaxBitbuybit

Show Guest: Bitcoin Q&A

https://twitter.com/BitcoinQ_A

Show Guest: antomousB

https://twitter.com/antomousB

Animation & Graphics by Mr Crown

https://twitter.com/Mrcrownnnnn

Ungovernable Misfits Socials

Website 

https://www.ungovernablemisfits.com

Twitter 

https://twitter.com/ungovernablemf

Watch on Youtube - https://www.youtube.com/watch?v=MEqbl8CFL80

Own, control and understand bitcoin with sparrow wallet.

In todays episode I spoke to Craig Raw the sole developer and maintainer of Sparrow wallet.Sparrow is a Bitcoin wallet for those who value financial self sovereignty. Sparrow’s emphasis is on security, privacy and usability.

Sparrow does not hide information from you - on the contrary it attempts to provide as much detail as possible about your transactions and UTXOs, but in a way that is manageable and usable. Craigs hope is that sparrow is as much a tool for education as it is a tool for interacting with the bitcoin network. Ive found this wallet really usable while still having all of the features you would expect from a modern Bitcoin wallet. 

• Full support for single sig and multisig wallets on common script types
• A range of connection options: Public servers, Bitcoin Core and private Electrum servers
• Standards based including full PSBT support
• Support for all common hardware wallets in USB and airgapped modes
• Full coin and fee control with comprehensive coin selection
• Labeling of all transactions, inputs and outputs
• Lightweight and multi platform
• Send and receive to PayNyms, both directly (BIP47) and collaboratively
• Built in Tor
• Testnet, regtest and signet support

Sparrow is unique in that it contains a fully featured transaction editor that also functions as a blockchain explorer. This feature not only allows editing of all of a transaction’s fields, also easy inspection of the transaction bytes before broadcasting.

I asked Craig about some of the features in the new release v1.7.2 and we went into detail on unique visual fingerprints for a wallets now being displayed in the Settings tab and passphrase entry dialog. This makes it easy for more visual people like myself to quickly recognise colours and shapes rather than a string of letters and numbers.

We also discussed BIP329 which defines a standard for importing and exporting wallet labels. I was happy to see Craig pushing this forward as its an issue I'm currently experiencing myself and I don’t think I'm alone. As other wallets implement this standard, it will become easier to migrate between different wallet implementations using seeds, output descriptors and label exports.

It was a pleasure speaking to Craig and I hope you enjoy listening as much as I enjoyed recording. If you have any questions please feel free to reach out and ask me.

Craig contact details.

twitter - @SparrowWallet

twitter - @craigraw

Website - https://sparrowwallet.com/

Contact me. 

twitter - @MaxBitbuybit

twitter - @bitbuybitpod

Website - https://ungovernablemisfits.com

As always please feel free to reach out and ask me any questions.

Today you can exchange $1 for 4572 Sats (Sale ends soon.)

Thank you Foundation Devices for sponsoring the show.

Use code BITBUYBIT at check out for $10 off your purchase

Website - https://foundationdevices.com/

I caught up with Samourai to discus some of the recent wallet updates. We spoke about stealth mode coming back, allowing users to hide the app within another non bitcoin related application like a calculator or VPN and how this can help protect users from potential theft. Samourai went into detail about plans to further decentralise whirlpool and how this will help protect the team as well as increasing the anonymity set of users. We touched on Lincoinpool adding paynym payouts for miners and why we should see more bip47 adoption in the mining scene. With all that has gone on with the recent arrest of the tornado cash developer I am very happy to see these moves being made. It seems we might soon have more clients coming online to join sparrow wallet and samourai wallet, with recent developments from the Straylight team announcing their new Whirlpool Client written in Rust and compatible with BDK based wallets. As always it was a pleasure speaking with Samourai and its great to have a project that refuses to comply and continues to make bitcoin privacy more accessible to users. 

twitter - @Samouraiwallet

twitter - @MaxBitbuybit

twitter - @bitbuybitpod

Website - https://ungovernablemisfits.com

As always please feel free to reach out and ask me any questions.

Today you can exchange $1 for 4200 Sats (Sale ends soon.)

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase

0OTD74zyQJhDfXDBBH33

Pleb Miner In the Wild

Sponsored by Peach Bitcoin

Zack Bomsta

Pleb Miner in the Wild is a 10–15-minute segment intended to feature a Pleb Miner. Question and answer sessions are concise, sharp, and fast paced. This episode’s Pleb Miner in the Wild is Zack Bomsta; an electrical engineer, inventor, entrepreneur, and co-creator of the Owlet Dream Sock, baby monitor.

• Professional Background - Technical expertise and how Zack came to develop Owlet.
• Coming to Bitcoin – Origin Story, coming to Bitcoin over a sabbatical after the sale to Owlet. 
• Fighting the Man – The development process and bringing to market a health and safety device for babies isn’t easy. Zack explains what it’s like to maneuver agencies like the FDA and groups of grifters who have their hands out in order to deem a product “safe and effective”
• Mining Rabbit Hole (Finding the Vein) – What brought Zack to mining.
• Specialization – Pleb Miners all seem to gravitate to a specialty, Zack’s specialty is unique.
• Functionality of the Norse Boards
• Loki- Trick the machine to accept 120V.
• Njord – Takeoffs to power fans.
• Heimdall – Safety (temperature, fire, accelerometer). 
• End Goal – Zack’s vision for the boards and how they’re going to change home mining, home heating, and further decentralizing mining. 
• Bonus Round – Favorite phone wallet, hardware wallet, and way to buy and sell Bitcoin Peach Bitcoin is the preferred method of exchange on #PlebMinerMonthly

Future discussions with Zack are forthcoming on BitBuyBit.

Bitcoin monthly 0023

This month Max, QnA and Antomous discuss Max’s carnivore only diet and QnA’s love affair with carbohydrates. We also cover some Bitcoin topics too!

QnA has got his hands on Gerty, a Bitcoin Assistant from the team at LNBits.

Samourai adds back their long anticipated stealth mode feature.

BIP 329, a standard for Wallet Label Exports and Imports from Craig Raw.

BDK v0.26.0 has been released.

The Straylight team announces their new Whirlpool Client written in Rust and compatible with BDK based wallets.

Nunchuk release their new collaborative custody services.

Coinbase Pays $50M to NY Gov and promises to surveil user even more.

We discuss the Luke DashJr coin loss situation.

We also talk about two big data breaches from LastPass and Twitter.

twitter - @MaxBitbuybit

twitter - @bitbuybitpod

Website - https://ungovernablemisfits.com

As always please feel free to reach out and ask me any questions.

Today you can exchange $1 for 4338 Sats (Sale ends soon.)

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase

Pleb Miner Monthly

Pleb Miner Monthly on BitBuyBit

A Bitcoin mining podcast focused on the Pleb Miner, the stalwart that defends the Bitcoin Network.

Listen and Boost the show on Fountain App 

Visit previous episodes to read the boosts.

Value 4 Value is built on the premise that content should free and available to everyone. If Plebs get value from the content, they can choose to send some sats back to the creator.

Statistics

Statistics brought to you by Lincoin Pool and their Lincoin Lens 

Lincoin Pool is a leading FPPS Bitcoin Mining Pool with 

FPPS rewards with steady payout, advanced management tools, Best in Class Real-Time monitoring (can confirm, its fast) 

Paynym payouts on Lincoin

AI enabled Telegram Bot, Boty McBotface 

Bitesize Bitcoin

Mining Server Components 

Sponsored by FixRigs 

Get your machines repaired now, bear market building and maintenance. 

FixRigs.com

FixRigs services all ASIC rigs, the top notch service includes an ultra sonic cleaning as well as a complete diagnostic of your machines, top to bottom.

They repair all types of machines but specialize in Bitmain and Whatsminers. Stay tuned to find out more about their warranty program.

Pleb Miner Monthly ACTION NEWS!!!

sponsored by Kaboomracks visit them on their Telegram

I have purchased a few machines from Kaboomracks as well as parts and accessories. The process in smooth and expedient. More importantly, they have built a reputation of trust and reliability. Be on the lookout for Alex's Firesales, when he says ‘firesale’, he means it!

Lincoin Pool protects users from DOS attack

Cumpiss Gets Sued

Nico’s State of the ASIC Market 

Pleb Miner Monthly’s newest correspondent, Richard Greaser the Bitcoin Bugle

Pleb Miner in the Wild

Sponsored by Peach Bitcoin

PeachBitcoin.com

Peach is the very first peer to peer exchange in a mobile app. Buy and Sell sats with the payment methods of your choice, at the price that you define, at anytime and anywhere!

Pre-beta registration is still open on http://peachbitcoin.com, and you'll be able to download the app from the App and Play Stores very soon™

Peach 0.2 to be released in open beta is planned for February date to be announced soon! 

0.2 is about a full app redesign

Pleb Miner in the Wild

Zack Bomsta

Bitesize Bitcoin

Bitcoin Mining Server Components

Emergentism, is the belief that complex systems can exhibit properties or behaviours that are not present in their individual components. Such is the case with a Bitcoin miner. In today’s Bitesize Bitcoin, we will review the components that comprise a common, air-cooled, single-phase powered, Bitcoin miner. 

A mining rig is in many ways less complex than other electronic devices we use every day as it is designed to perform only one function. It is comprised of a case, a control board, hashboards, ASIC chips, a power supply, fans, and wiring connecting them all together.

Control Board:

The control board is the central hub of the machine. It is responsible for controlling the other components of the rig and communicating with the greater Bitcoin network. It serves as the central hub for all the machine's hardware and software components. The control board contains a microcontroller, RAM, and other supporting chips and circuitry. It has connectors for various peripherals like temperature sensors, network connection, power supply, and fans and is responsible for controlling and monitoring the operation of the rig.

The control board…

• Controls the power supply to the miner, including the power draw of the ASIC chips, fans, and other components. It also monitors the power consumption of the machine to ensure that it is operating efficiently.

• It monitors the temperature of the ASICs and other components, and it adjusts the power and cooling accordingly.
• The control board monitors the operation of the miner and detects any hardware or software failures. It can also protect the miner from overloading or other potential damage by shutting it down in case of a fault. With firmware like Braiins or Vnish these shutdown parameters can be set by the user.
• It tracks the performance of the miner and provides real-time updates on mining statistics, such as hash rate, pool stats like accepted and rejected shares, temperature, fan speed, and power consumption. It also provides error logs and other diagnostic information to help miners troubleshoot.
• The control board includes a processor, ARM, FPGA, or a combination of both, to handle the calculations and communicate those tasks to the hashboards.
• It includes a small amount of RAM and storage, such as an SD card, to store software and data.
• Contains a variety of ports, such as USB and Ethernet, to connect to other hardware components and the network.
• It is also equipped with an LED display to indicate network connection status
• And contains reset and ip report buttons.

Fans:

The fans blow air over the ASIC chips and other components to cool them down. Whatsminer and the Bitmain S9 use two 12V, 7-9amp fans. The S19’s use four smaller 2.7 amp 12V fans. Machines are designed to operate within a certain temperature range, the S9 and Whatsminer have an operating temperature range of 0-40°C, S19’s range is -5-45°C. 

Case:

The case is the enclosure that holds all the components of the machine. The cases are aluminum, particularly stylish, and protect the internal components and provide a mounting point for various peripheries like fans and power supplies. 

Power Supply:

 The power supply does what it says it does, supplies power to the machines. It does this through a transformer and voltage regulator to convert AC to the DC power required by the machine. Common power supplies are the Bitmain APW12 and APW3+. As well as the Whatsminer PD21/22. 

Power supplies consist of several key components: 

• Power conversion module, which converts AC to DC 
• Power distribution board, which routes the DC power to the various components of the rig.
• Cooling system, yes power supplies have fans on them as well 
• Connector pins: Single-phase power supplies have 3 pins, 2 hots and a ground, no neutral. Neutral is alternated between the two hots during their phases. Wall plugs and pdu’s need to be 3-prong outlets. The fact that there is not a dedicated neutral means proper grounding is of utmost importance. 
• Bitmain has a c13 to c14 connector on the back of their power supplies. 1 on the s9 and two inputs for the S19. A C13 connector is a standard power connector that is commonly used on computers and other consumer electronics.
• Newer Whatsminers use a C19/C20 combination The C19/C20 connector is a heavy-duty power connector that is more commonly used in datacenters and other industrial settings. It is similar to a C13 connector, but it has a larger and more durable construction and is rated for higher levels of current and voltage.
• Bitmain continues to use the C13/C14 connector even though they are rated for less amperage. They achieve this by using two connectors on their power supply.

Note:

ASIC manufacturers are designing gear more and more to the specifications of larger mining operations. Both Bitmain and Whatsminer’s water cooled offerings, The Whatsminer M53 and the Antminer S19 XP hydro are 3-phase powered. Meaning smaller operations would have to either have 3-phase power or have a device that can convert single-phase to 3-phase.

Hashboard and ASIC Chips

The hashboard is a printed circuit board that contains the ASIC chips that do the actual mining calculations. The hashboard is a specialized circuit board that contains the ASIC chips and other components responsible for the ASICs. The hashboard also includes voltage regulators, power connectors, and other supporting circuitry.

The ASIC (as you probably know stands for application-specific integrated circuit) is the heart of the machine, not so much the brains but the brawn. It is a microprocessor that has been specifically designed to perform the hash function and is made of millions of transistors, which are tiny electronic switches that can be turned on or off to perform calculations. The chips are designed to perform our beloved SHA-256 hash function. Contrary to popular belief, miners aren’t performing complex mathematical calculations, the process of performing the SHA-256 hash function on an ASIC involves a lot of intricate, but low-level operations. The power of an ASIC mining rig is in its ability to do a lot of those operations quickly.

The constant switching on and off of these micro transistors creates a great deal of heat. Heat that is dissipated through convection, conduction, and radiation via fans or immersion fluid. Heatsinks are used to increase the surface area of the chip They are typically made of metal with a large surface and are attached to the chips through a thermal interface material or TIM. TIM, such as thermal grease, thermal paste, and indium foil, is used to transfer heat from the ASIC chips 

Tie them together:

The communication between the control board and the hashboard and the control board and the greater Bitcoin network is the most important part of a Bitcoin mining server. All other elements of the machines are to support that protocol. The control board sends data to the hashboard to be hashed, and the hashboard sends the results back to the control board. The control board then sends the results to the network to be verified and added to the blockchain. The control board communicates with the network through a protocol called Stratum. Stratum is a networking protocol that is used as a relay between mining devices and mining pool servers. It is a simple text-based protocol that allows the miners to request work from the server and submit their results. Stratum V2 is an updated version of the protocol that adds additional features. See the #PlebMinerMonth interview with Jan Capek from Braiins to learn more about Stratum V2.

We colloquially call miners “ASICs”, but an ASIC is a type of chip, not the entire system. A play on Aristotle’s musings, “concerning a system which is comprised of several components; the whole should not be defined by an individual part.” Bob Burnett (@boomer_btc) CEO of Barefoot Mining often sounds the trumpet on this issue, the misuse of the term ASIC. Bob prefers mining server, mining system, or the more Plebby term, mining rig. Our vernacular is full of misnomers and the horse is out of the barn with the use of the term ASIC to describe a mining rig, but in respect to Bob Burnett, we will do our very best to only refer to ASICs as the chips on a hashboard.

twitter - @MaxBitbuybit

twitter - @bitbuybitpod

Website - https://ungovernablemisfits.com

As always please feel free to reach out and ask me any questions.

Today you can exchange $1 for 4710 Sats (Sale ends soon.)

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase

In todays episode I spoke to Karl a return guest on this show. I first spoke to Karl during pleb miner month with Chet and Jon, I heard about his homestead and how he mines bitcoin with a S9 and uses the heat to keep guests warm in his yurt. Here’s the link to that show - https://ungovernablemisfits.com/podcast/bitcoin-circular-economy-and-hash-the-torch/

After our first conversation I was keen to learn more and I'm very happy I reached out. Karl is doing some incredible things using bitcoin and permaculture. Raising livestock, growing vegetables and even creating a symbiotic relationship between cannabis and rabbits. If you are interested in bitcoin, self sovereignty and the circular economy then this ones for you. I hope you enjoy listening as much as I enjoyed recording. 

Video Karl made for us. https://ungovernablemisfits.com/off-grid-yurt-install/

If you have any questions please reach out.

Show guest

twitter - @HodsRev

Nostr - npub1f5pre6wl6ad87vr4hr5wppqq30sh58m4p33mthnjreh03qadcajs7gwt3z

twitter - @MaxBitbuybit

twitter - @bitbuybitpod

Website - https://ungovernablemisfits.com

As always please feel free to reach out and ask me any questions.

Today you can exchange $1 for 5762 Sats (Sale ends soon.)

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase