GrassFedBitcoin
Bitcoin Mechanic

Bitcoin

Public Key

npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr

Profile Code

nprofile1qqs8fl79rnpsz5x00xmvkvtd8g2u7ve2k2dr3lkfadyy4v24r4k3s4spz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3qamnwvaz7tmwdaehgu3wwa5kuegd2qavf

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Author Public Key

npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr

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Last Notes

2025-03-20 17:51:12 GMT

Saifedean https://image.nostr.build/37367a73391b49ae98ff50c91b652220d76c0bee01df8c1835e1f78c16b38899.png

2025-03-20 17:19:13 GMT

https://image.nostr.build/fb3aafdc5245c7f95931d808f09202e25848d7459942224006e12ccfead72163.png

2025-03-19 03:02:05 GMT

@npub1qtv…7dze = a pool of solo miners.
https://image.nostr.build/ab82cdb6e18f40675204a46c4dfb29ba885bee4b6eea7fa551121295d3f3dec0.png

2025-03-18 04:48:20 GMT

DATUM 0.3.0 released - many improvements, most notably GUI config.
https://github.com/OCEAN-xyz/datum_gateway/releases/tag/v0.3.0beta

2025-03-17 07:38:14 GMT

Run a fuckin node https://image.nostr.build/c756d1e2fbdcb812dc96c4bef160244b281811242b4a18bc04d7bf0b30c8eed1.jpg

2025-03-17 07:36:59 GMT

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I think my favourite thing about it was being 30 years younger than I am now.

2025-03-17 06:07:13 GMT

I haven't enjoyed an operating system since Windows 3.1
Wait....maybe I haven't enjoyed ANYTHING since windows 3.1

2025-03-16 06:07:30 GMT

Forgot about pi-hole. Fun seeing all the bullshit that it prevented me from downloading.

2025-03-14 22:07:00 GMT

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pirate bay guy

2025-03-14 22:04:56 GMT

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depends on the payout mechanism of the pool. ocean works fine this way

2025-03-14 17:30:21 GMT

Heating your house with Bitcoin miners is obviously the future.

2025-03-14 04:21:27 GMT

When you use someone else's terminal and vim: command not found
https://video.nostr.build/6f3a86f3eae437da6171ed110c11835914f303501ce343b711e0b8bdb517efbc.mp4

2025-03-14 04:19:09 GMT

did it again. had the hax ready this time
#nevent1q…7lzd

2025-03-13 05:34:09 GMT

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I think it's just incompetence rather than malice, and it is actually fixed now.

2025-03-12 15:51:53 GMT

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It is only old antminer firmware and LuxOS at this point.

2025-03-09 20:21:20 GMT

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yikes lol

2025-03-09 17:19:28 GMT

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That's not Ungoogle-Chromium

2025-03-09 17:18:46 GMT

Haven't they heard? They can just use Tether 🤡 https://image.nostr.build/68d7e16b5386cb4a75ca393d07c2e37d5727ce75771cb66a4c4c40c916cdd30d.png

2025-03-09 16:04:16 GMT

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where did you get the build from?

2025-03-09 07:32:05 GMT

Ungoogled Chromium - I have what seems to be the solution to my browser blues.

2025-03-06 20:37:10 GMT

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https://njump.me/nevent1qqsysx76fmfygylhvd0kajcnpt4qh7upfs2dxvy62zfppd5swj4l4yspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8a6h50dtsdhqtmuzm3mgsynrqcq6tgmznyt92ecfylxgh6wdry5upsgqqqqqqs9lpyaf

2025-03-05 17:02:28 GMT

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the desire to reconcile cognitive dissonance is a normal human characteristic, not exclusive to any specific belief system. strident atheism I found to be irreconcilable

2025-03-05 05:43:06 GMT

Starts about 5 mins in. https://rumble.com/vkj9bu-the-deep-state-war-3-monarch-a-film-by-mrtruthbomb-ft.-obrienspringmeier-re.html

2025-03-04 16:13:53 GMT

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ever been on GitHub?

2025-03-04 07:57:55 GMT

Love quantum mechanics - it's the slow realisation that we live in a designed universe necessarily created by a mind.

2025-03-03 07:00:16 GMT

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whoa

2025-03-03 05:55:55 GMT

tfw u make some sick as fuck edits and realize you didn't use sudo when opening vim

2025-03-02 14:43:31 GMT

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because they will have half the target difficulty which means you will find twice as many of them.

2025-03-02 06:09:36 GMT

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My reply was to something else, seems out of context here - you don't need DATUM setup to mine on OCEAN with a bitaxe. It will find 2x the shares with DATUM (but they'll be worth half as much so amounts to the same thing).

2025-03-02 05:59:57 GMT

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Happy to help out if needed here.

2025-02-27 01:09:13 GMT

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Telegram is so bad for scammers.

2025-02-27 00:30:43 GMT

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Bitaxes take ages to find shares on OCEAN - only get a few an hour.

2025-02-27 00:29:11 GMT

https://image.nostr.build/b95213e48f7e2bec8103006a85a6bd5198f3f3de0949209c37a3b14622fc3202.png

2025-02-26 07:07:46 GMT

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lost it at Elon eating hummus

2025-02-26 06:31:17 GMT

For anyone wondering, it's pronounced "DATUM" - not "DATUM" as many have been saying.

2025-02-25 20:27:44 GMT

Please recommend an actually good USB hub with a on/off switches, maybe an ethernet/HDMI port.
USB-C connected.

2025-02-25 05:23:11 GMT

https://image.nostr.build/2fa4b6b81554756a435ec4b435933fe990d37f4775ba94a2f987dc0cb5f2f292.png

2025-02-25 01:03:42 GMT

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not hard, and I made it look harder than it really is in that demo. it can be done in a couple of minutes!

2025-02-24 19:04:40 GMT

Huge shout out to @npub1knv…lg29 for the Heat Punk Summit.
Maybe it's just me but there's something about that exact size event, ~100 people all talking about what needs to be talked about. No noise, no scams or nonsense.
I honestly struggle at the massive conferences, and hope we'll always maintain these small, high-signal events.

2025-02-24 03:30:32 GMT

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That's amazing dude. Assuming you found 885012 we would love to help you set up DATUM.
Feel free to shoot me a DM!

2025-02-24 02:35:40 GMT

As long as @nprofile…ckyu grows faster than network difficulty, I believe we'll be able to keep what we have in this essential and often ignored part of the Bitcoin space.

2025-02-23 04:13:03 GMT

Am I ridiculous for having nuts altitude sickness in Denver? Can barely move.

2025-02-23 03:07:43 GMT

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RIP TD

2025-02-23 02:21:40 GMT

https://image.nostr.build/f32b81902fbc818efeaa4fa0d8b0a48dd65a8867d477927d8dc6ccc0d2dd6fbe.jpg

2025-02-22 06:40:32 GMT

Roger: "Wow I cant believe I am being uniquely targeted and extorted by the US government for my views on crypto"
Every other US citizen:
https://image.nostr.build/b3fa57f49b8363eda5d4ef9001e52fb9899aceb4daea02c3a8b3db65dde59d87.jpg

2025-02-22 06:30:30 GMT

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gross, eth.

2025-02-22 06:14:52 GMT

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yeah, worse than communism.
somehow doubt it has killed 100 million people yet, as shitty as it may be.

2025-02-21 15:46:42 GMT

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You can prune, makes no difference.

2025-02-21 02:50:21 GMT

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landed - wheel side down!

2025-02-20 23:27:34 GMT

wtf, plane taking off on time

2025-02-20 18:33:09 GMT

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depends on who's passport it is

2025-02-20 15:34:25 GMT

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Bitcoin is designed and persists by working with human nature rather than against it. This makes the original sin of having used Windows a poetic statement.
idk that's the best I've got.

2025-02-20 02:20:21 GMT

Update: I still hate Windows.
#nevent1q…zpqj

2025-02-20 01:46:33 GMT

Have to install Windows for DATUM testing.
Send thoughts and prayers.

2025-02-18 20:59:12 GMT

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Appreciate it!

2025-02-18 20:39:05 GMT

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Many incredibly destructive things are legal.

2025-02-18 20:05:50 GMT

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Thanks all, I think they're working again lol

2025-02-18 20:05:06 GMT

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2025-02-18 19:49:43 GMT

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I think it's not correct to do so. I don't support prohibition of mind altering substances.

2025-02-18 19:45:06 GMT

testing zaps. someone shoot me a couple sats pls.

2025-02-18 05:20:56 GMT

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OK, I take that back. I still believe humans should be allowed to alter consciousness as they please. It is insanely infantalizing to attempt to prohibit this stuff. No one blames breweries for alcoholism.

2025-02-18 04:26:44 GMT

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I doubt you hold pharmacists to the same standard. There is no line that can be trivially drawn between medicine and drugs and it certainly isn't appropriate to be telling adults whether or not they can alter their own consciousnesses.

2025-02-17 16:35:17 GMT

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nothing beats making a tailscale account which doesn't even allow email sign up. you have to use Google or Microsoft.

2025-02-17 16:33:21 GMT

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it'd have to be true for me to understand it

2025-02-17 16:24:34 GMT

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https://github.com/OCEAN-xyz/datum-gateway-startos/releases/tag/v0.2.2.1beta

2025-02-17 04:29:07 GMT

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that was fixed on latest

2025-02-17 04:14:00 GMT

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latest datum version?

2025-02-13 20:54:47 GMT

The reason people drift from left to right politically as they get older is because they understand how well intentioned things attempted at a large scale almost always end up going so wrong that it would have been better if nothing had been done at all or just left alone.

2025-02-12 03:58:46 GMT

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I dont see it?

2025-02-11 06:33:21 GMT

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yes

2025-02-09 04:55:27 GMT

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oh man I broke everything
*two clicks*
there we go
I've wasted literal months of my life manually recovering old States and been needlessly careful the entire time.

2025-02-09 01:40:22 GMT

Running proxmox. Apparently this is the hammer and everything is a nail.

2025-02-03 23:26:43 GMT

Door to my office https://image.nostr.build/5a797401fb882df25911fc4839f6b50627b5c7a7bb3e49209a96dcd7dea31d49.jpg

2025-01-31 19:16:05 GMT

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pixel camera? I dont see Google camera and would like to have better pictures again

2025-01-31 18:20:57 GMT

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proxy pools are a separate issue. also very bad.

2025-01-31 00:31:20 GMT

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I am trying to make it so that stuff like this is up to miners, not pools.

2025-01-31 00:30:10 GMT

Always gotta remember to hang the "do not disturb" sign on your hotel door when heading down to the bitcoin conference so the CIA doesn't try and go in your room.

2025-01-30 17:28:35 GMT

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there's a branch for that already.

2025-01-28 02:13:28 GMT

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block witholding is the Achilles heel of Bitcoin mining. it's horrible and there isnt much anyone can do about it besides hope it doesn't happen or accept max variance.

2025-01-26 22:46:17 GMT

Lel https://image.nostr.build/4836168ade1862e6856a2a5cdc7ed9dfdb341e795560c638c7bbdcc367fee275.jpg

2025-01-26 22:45:13 GMT

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highly zappable

2025-01-26 20:27:58 GMT

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No, it's nothing like that simple.

2025-01-26 18:53:33 GMT

So we're regularly noticing how unacceptably large Foundry has gotten and it would be good if Bitcoiners in general understand why we are where we are.
First, let's talk about what it is pools actually do, starting from the theoretical going all the way the practical.
In theory they make no difference to anything - they simply reduce variance.
Instead of earning $.X per year, you earn $.X/365 per day.
This is far more consistent and makes day to day operations easier and it's clear why someone would want to do this - assuming they're a smaller miner who is not capable of finding block frequently enough without pooling and splitting rewards with others.
This might be desirable to the point where you'd even pay a split to the coordinator (pool) because it's that valuable of a service.
To take it further, the absolute hands-down most common payout model for a pool to use is FPPS - this doubles down on the supposed benefit that is so compelling here. It stands for Full Pay Pay Share which -in theory - means that miners get paid on a share to share basis (something they're submitting multiple times a minute) a highly predictable amount.
This means you not only have you abandoned dealing with lotto-variance (waiting until you find a block) or even standard pool variance (waiting until someone on the pool finds a block) but instead you're mining with a pool that grants you earnings multiple times per minute regardless of if the pool is finding any blocks or not.
This is variance reduction to such an extreme that the product becomes unbelievably expensive because pools have now put themselves in a position where they must pay miners for blocks that might - and very often don't - happen.
This was demonstrated beyond doubt when OCEAN (non-FPPS) released its numbers and they outperformed FPPS by over 30% in some cases during its first year of operation.
*Note: This is NOT a "You should mine on OCEAN" post. I am simply trying to explain why miners are making the decisions they are because it seems to be eluding almost everyone.
So miners are apparently opting for variance reduction to the point where they want to get paid no matter what for blocks that may or may not even exist with resolution all the way down to the share level.
But here's the part where the disconnect between theory and reality comes in.
Nearly all the miners on Foundry have absolutely zero need for this kind of variance reduction - or indeed any at all.
The publicly traded miners that make use of Foundry all have the ability to find multiple blocks a day without any third party whatsoever which is way more than enough.
As mentioned already, FPPS is an extremely expensive product that logically would only be required by a miner faced with 24 hourly energy bills who only has 100 Petahash or so. Again, the typical Foundry miner is 100 times the size of this coming in at almost 10 Exahash at the smaller end.
So if Foundry solves a particular issue - variance - and charges a fortune to do it, and its main customer is miners that could lotto-mine and find multiple blocks a day without incurring the costs of FPPS then what on Earth are they doing?
The naive answer is that they haven't done the maths. In some cases I actually know this to be true. You're an enormous miner and you do a deal with Foundry - they charge you 0.1% fee and you think that's equivalent to if you cut out the middle man entirely pretty much so it becomes worth it.
But with FPPS the fee is never the fee. That is the airport currency exchange sign that says "0% COMMISSION" and gives you something about 14% worse than market rate. Where is the money going?
I don't think most miners are actually making that mistake, at least not all of them.
It's time to explain the real reason here.
Compliance by proxy.
And this is what's key to understand.
History: Once upon a time a pool called GHash(.)io got above 40% of the hashrate (which Foundry is doing repeatedly at this point) and the miners all fled out of instinct to protect the network. You simply cannot have any single entity making 50% of the blocks that get added to the chain or anything approaching that.
So why aren't miners doing it today? Are they that addicted to variance reduction when the calibre of miner that uses Foundry is perfectly capable of reducing their own variance anyway even though it's costing them a fortune?
Again the entire space needs to understand why history will not be repeating itself here and this where I find the greatest amount of self-delusion and dishonesty in this space.
Compliance by proxy was not a thing in 2016. At least not for miners.
Since then, someone has come along and turned what is completely unacceptable to the powers that be - Bitcoin mining - and turned it into a completely sanitized, censorship prone shell of its former self - and *that* is the true motivation for "miners" paying these exorbitant fees.
Compliance is new. And it isn't a factor people are taking into consideration.
Whenever we point out how precarious the situation has become, there is the typical response - "If Foundry ever do <bad thing> then their miners will just leave".
It's time to put this cope-strategy to bed.
If a miner is perfectly capable of reducing their own variance to the tune of reliably finding multiple blocks per day themselves - why are they using a pool at all? Especially if that pool costs a fortune?
Or more crudely - If losing a tonne of money for no apparent reason isn't compelling enough to leave Foundry, then jeopardizing Bitcoin isn't going to be either.
The true motivation is all that matters, and its overwhelmingly just compliance. "Miners" of substantial size increasingly do not want anything to do with Bitcoin and want all their hashrate transformed from raw Bitcoins coming fresh out of the blockchain into a nice clean product that their accountants and lawyers can tolerate regardless of the cost.
To take the counter position to my argument here, there are of course costs to rough-housing it and grappling with Bitcoin directly as MARA does and I don't want to pretend otherwise but I don't think they come anything like close to justifying the enormity of the revenue lost due to the extreme over-kill that is FPPS.
This is the only area in which I will take pushback from someone in one of the relevant companies as it's possible I am just wrong.
The following companies - BitFarms, Hut8, RIOT, WULF, HIVE, Cleanspark and a couple of handfuls of others are all - to the best of my knowledge - paying a fortune for the combined benefit of variance reduction (which they absolutely have no need of) and compliance by proxy.
If anyone from any of those companies can explain to me why I am wrong and that if/when Foundry's size results in them engaging in censorship or any other abuse of the network (heck, already requiring KYC and regular inspections of mining facilities is unacceptable and that's already been the case for Foundry miners for years) then why should anyone believe you would move to another pool or go the Mara route?
At present I believe that Foundry could continue its inexorable ascent to the 51% magic number we're all afraid of and the new cope will be "Well they haven't done <bad thing> yet" and we'll just keep moving the goal posts about what constitutes a bad thing.
At the moment "It's just KYC", "It's just mandatory inspections" and "It's just lost revenue."
All of that is unacceptable. "It's just transactions associated with Russia/Iran" comes next and the shareholders of publicly traded Bitcoin miners are unlikely to view censorship based on that criteria as being anything to worry about. "Why do you hate America??"
The old cope of "another miner will just include them and their business will survive while the censoring miners die" is complete and utter delusion.
Almost 100% of revenue from the chain is subsidy. Transaction fees are neither here nor there. And if we think the US Pubcos are all going to voluntarily go admit bankruptcy because they lost a few hundred bucks a week from mining blocks that censored blacklisted UTXOs then we are deluding ourselves.
I reiterate - miners are with Foundry because compliance is increasingly all that matters. This has resulted in enormous centralization of template construction that becomes a genuine attack vector at ~30% and has been consistently way above that for a long time now. 51% is a meme, and imo not a powerful enough one to inspire change if it actually comes to that. The frogs are already boiling and no one cares.
Let's be honest. None of the miners on Foundry are leaving any time soon but the variance reducing product they offer that can be so trivially replicated elsewhere is not why any of them are doing what they are doing.
Foundry is the sole occupant within the regulatory moat that is Bitcoin mining in America and I don't see that as trivial to replicate at all.
And the reason I wish to sound the alarm 10,000 louder than I have been before this point is that the current US administration has run a campaign that specifically talks about centralizing Bitcoin in the US.
The phrase "We will make all the Bitcoins in America" is exactly the worst possible thing you could want to hear given everything I've talked about in this post and not only is it not being rejected by Bitcoiners, it is being celebrated as a good thing.

2025-01-25 18:52:23 GMT

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"It will get priced out" is just an assertion. There's no reason to assume that.

2025-01-25 17:37:43 GMT

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Of course it does. Bitcoin is permissionless which means abuse-cases become everyone's problem not some centralized service provider.
I talk about it a little here - https://www.youtube.com/watch?v=ne-UvFMzVrE&t=4s

2025-01-25 07:18:40 GMT

https://image.nostr.build/151ad1ba425e5bfadb2e2707414bc7a419bac3d2e7d1577388b89ad0f325d4f6.jpg

2025-01-24 20:32:25 GMT

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your VPN will do nothing except provide a false sense of security

2025-01-24 16:58:18 GMT

She failed the Bitcoin test. Sounds like a run of the mill monero bro, or bcasher.
#nevent1q…84dz

2025-01-24 06:08:54 GMT

Nobody:
WiFi passwords in Germany:
https://image.nostr.build/b6786910e0475f782b0c4414bff49f21fbf3e1275ee07510a05e616d09b725a0.png

2025-01-23 07:04:03 GMT

Trump buying wBTC instead of actual BTC. What a collosal fail. https://image.nostr.build/47dbe5e59e40484835ff3e0a491b5e0f8fcb29327a825effe18b1a99855f81ab.jpg

2025-01-21 05:52:06 GMT

eating carbs makes me feel bloated and dumb
not eating carbs makes me wonder where the joy in life might be
what do frens?

2025-01-21 01:46:00 GMT

caught the stupid bio-weapon again.
watching the guy get preemptively pardoned for it today was a trip

2025-01-15 17:26:01 GMT

Finally updated from MacOS 12.x and now my laptop is a fucking iPhone.

2025-01-13 05:55:55 GMT

mfw I learn vim thinking it'll be essential for when I become a serious dev and I realize all the best devs are using nano.

2025-01-12 15:44:36 GMT

Stunning and brave https://image.nostr.build/dd5578e313be02a533c1eb18bc0cda8a9c399e3925b902d34636419d81dd5c05.jpg

2025-01-11 02:53:05 GMT

Dude. 41% and rising?
Bitcoiners from 2015 would have resolved this by now. https://image.nostr.build/14882beea86ce684d5140775153c88fd6ae7301f085653c467592e613c14b91e.jpg

2024-12-18 20:28:12 GMT

We just "crashed" all the way down to $101k lmao

2024-11-27 14:58:53 GMT

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you have to mine with FPPS pools to be able to make any comparison as they don't publish any data. ocean it's not required as we make everything public.

2024-11-24 04:58:49 GMT

I need to finish Atlas Shrugged but it genuinely infuriates me.
She makes socialists so utterly detestable.

2024-11-19 07:04:08 GMT

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All looks good.