0:07

This is my problem with, Twitter is I open this freaking thing

0:13

and then I'm like, down these rabbit holes Dude. For about 30 minutes. I'm looking at Tiovanni Trump.

0:23

Which was a pretty big clip by the You're like an owl. Just look around that. Repeat.

0:31

Oh, man. Paul, can you cut that in? Like, are we able to cut things in? Sure. Okay. I feel

0:38

that thing. If you have not seen it, I'm, like, crying.

0:42

Is cocaine a stronger, oh, yeah. Up?

0:46

Yeah. Yeah. Yeah. So you see your way up with cocaine more than anything else you can think of. Okay. I'll turn you into a damn owl, homey. You know what I'm saying? It'll you'll be you'll be out on your own porch, you know. Yeah. You'll you'll be your own street lamp. You're freaking And is that a good feeling? Well, no. It's a miserable feeling. But you do it anyway, just like the guy you're saying with the Scotch.

1:08

Oh, man. It's a very wholesome clip. Is it?

1:12

And I didn't know that Donald Trump had never

1:15

even drank consumed alcohol.

1:18

Yeah. Like, I mean, I gotta go look it up and quadruple

1:22

check it, but that's my understanding as well. He's never had, like, drink alcohol. But he went on this Theo Vonn podcast. Theo Vonn's like a local Nashville guy. And, hey, Theo, shout out. Come visit us at the park.

1:36

I think he's hilarious. It's like, man,

1:40

trust just ask you. So what does it do to you? Does it give you these ups, or you say, oh, man. Help me. It'll make you look like a damn owl on a porch.

1:52

How you feeling, by the way? Awful. Awful? Yeah. Why awful?

1:57

Do I need to talk to my boy Theo and get you hooked up? Oh, yeah. No. Some cocaine would definitely help.

2:04

No, dude. I got, like, this gland in the side of my throat swelled up like a balloon and then, like, turned into an ear infection.

2:13

So That's why we switched seats. Yeah. Because I can't hear anything on this side.

2:17

So I'm, like, running off of like half of my senses senses right now. But the show must go on. Yeah. The show must go on. So,

2:26

tell me, you you gonna like take any medicine? Are you gonna do anything? So

2:31

it turns out Tennessee is

2:34

one of the few places in this country where you can just go get Ivermectin over the counter.

2:39

So I'm gonna try Ivermectin because it's like a viral infection.

2:44

By the way, I'm a licensed MD in 7 states, so this is definitely medical advice.

2:50

Can you put it in a sarcastic actual like, maybe like a little banner that's like not you know, actually, I have the domain tangent by the way. Not financial advice.com.

2:59

Oh, yeah. You mentioned that. Yeah. Yeah. You should get, like, not medical advice.com,

3:04

and we should just play that to, like, some affiliate links. Yeah. But,

3:09

yeah. We'll link to to my ivermectin hookup here in Tennessee.

3:14

Alright. Let me know how it goes. Yeah. I'm gonna try it.

3:17

I've heard nothing but good things about Ivermectin.

3:21

I don't know what's going on but it feels,

3:24

you know, obvious. Like, I'm not gonna take

3:28

antibiotics. Okay. I don't like taking antibiotics

3:32

because you have like good bacteria

3:36

and like good biotics in your system,

3:39

But when you take antibiotics, it, like, completely wipes out your microbiome.

3:44

And and then you have to, like, start building that back up from scratch. And that can, like, really screw you up if

3:52

you're not in the best of health, you know.

3:56

So, no. I don't I don't take antibiotics.

3:59

What's your take, Paul? I'm with eco on this one. Okay. Yeah. Dude, I think, like, a lot of western medicine is

4:09

has been a total scam. Like so, like, our kids, for example, we never gave our kids any vaccines. Mhmm. Not just like COVID,

4:17

but like none of the recommended vaccines. Like never injected them with anything.

4:23

I don't take antibiotics. Like, I like, I will rarely

4:28

I don't even remember the last time I took like an aspirin

4:32

or like Ibuprofen or anything like that. God bless you. Like if I've got a headache or I'm like sick like this,

4:38

like, dude, I usually just drink a lot of water

4:43

and try and power through it. But

4:46

being that I'm in Tennessee now and you can get Ivermectin over the counter, I'm going to try it. It's supposed to be good for like antiviral,

4:54

anti parasitic. You know, I live with a dog in a very small space, so I think it would be good to have, like, some antiparasitic

5:03

treatment anyways, just for, like, health routine. Yeah. But,

5:09

yeah, I'm gonna try Ivermectin. Rock and roll. And I'll let you know how it goes. Back next week. Yeah. If I'm here next week. Please, god.

5:17

I need you in more ways than 1, buddy. And also,

5:23

well, thanks to Paul.

5:25

The show is going on, and we're back here with our awesome setup.

5:30

And, well, hopefully, you'll be a 100% by next week,

5:36

But you've been traveling a bit

5:39

and 2 weeks in a row, so it's dope. Yep.

5:43

And folks listening in, welcome back to Pod 256.

5:47

Yeah. So I did I did, not to drag politics into this, but how can you not in this season.

5:54

So I did I did I don't know. Where we go with this one, right? 25100 miles Okay. In 58 hours across the country Yep. And back.

6:02

And I didn't see one

6:05

Harris 2024 campaign sign. Until you got back to Nashville?

6:11

Till I got to your neighbor's house.

6:17

No. But, I just I It's gonna be really interesting. I mean, honestly, like, again, this is not a politics show that we'll get into the mining stuff and you could just fast forward, but

6:28

it literally comes down to 2 factions. I don't like, forget what side of the aisle or whatever you're on. Do you want more centralization

6:38

and more governance and oversight and control in one area?

6:43

Or do you want more individual freedoms and trust that you as an individual, your family, and your community can make better decisions together? I think that's, like, literally as simple as that. Some people think I'm cuckoo

6:55

for it, the simplifying it that simply,

6:58

but I think that's what it comes down to. I mean, I'm I'm pretty skeptical, like, it's hard for me to get away from this idea that they're both sides are just two wings of the same bird, so to speak.

7:10

But I definitely dislike

7:14

the Biden Harris administration. Yeah. And I've been watching I watched the RNC.

7:19

I watched all 4 nights of it. I've been watching Really? Yeah. And I've been watching all all the

7:25

the DNC the last 2 nights. It's surprising on both fronts.

7:30

And what I've observed is that, like, in like, at the DNC, they're

7:34

they're really talking about, like,

7:38

securing, like, a free future, the future that we all want. And,

7:43

like they're talking a lot about like freedoms and for

7:48

I can't stop thinking about what they were doing during COVID. Yeah. And like all the lockdowns and all

7:55

the freedoms that were getting taken away. Like, you must wear masks. Trump wasn't president president during the the COVID stuff.

8:01

At the beginning, he was. But the, you know, the presidency

8:05

transitioned to Biden during that. You know, like, for example, I didn't get fired from my job of 10 years

8:11

until, the end of 2021

8:15

when Biden was president. And in fact, there was some remarks

8:18

that Biden had made that,

8:24

that that triggered me to get fired.

8:28

And so, you know, I'm never gonna forget that. I think there's a lot of people in this country that

8:34

felt a lot of change and hardships

8:38

and were mistreated Mhmm. During the pandemic. I think a lot of

8:45

tyrannical behaviors came to the surface during the pandemic.

8:50

But, yeah, I mean, both, you know, it started at the very end of 2019

8:55

while Trump was still president. But, you know, it went on like well through Biden's presidency. And a lot of the things that Biden was pushing for were very tyrannical.

9:06

And, you know, for example, my me getting fired from my job is one of them. One one result of that. And some people would say that's a blessing now because now we get to do this all the time. For sure. Like, there's always a silver lining. Don't get me wrong. But I'm not gonna forget what they acted like. And I think they're hypocrites for going out on stage now and and trying to

9:28

tell people that their pathway to freedom is through casting their votes to them,

9:34

which I just think is total bullshit. That's yeah. A 100%. Actually,

9:39

either I think you should just, like, consume all the media you can or consume 0, which is, like, on my the level I'm at. I didn't watch anything from the RNC. I didn't watch anything from the DNC. I was like,

9:51

just I just buy more Bitcoin. Honestly, I buy more Bitcoin.

9:57

I invest in more of my businesses, my time energy,

10:00

my time capital and reputation in my businesses,

10:03

the things that we're working on together, and I'm just, like, try to zone it out and spend more time with my family because

10:10

you can get paralyzed by all this stuff that is just outside of our control.

10:15

And I do think it is actually fascinating because, like,

10:19

how how many of these folks, the policymakers have come to the park and wanted to get more involved in in Bitcoin.

10:26

If you kinda reframe it and build the community and build the movement,

10:30

that everybody else falls in line, I think it's not so much there's definitely bad people. Don't get me wrong. But I do think it's, like, the the,

10:39

opaque and negligent system that has gotten us to here. Anyways, that was a long wind away a tangent because we can go on we you wanna make this a politics show for the next couple months? Maybe we should.

10:51

Are you gonna, run for mayor? No. But I think I know someone who's the shadow mayor of Nashville.

10:59

Alright. Today is August 21, 2024.

11:04

It goes, this is just this is actually a lot more fun doing it in person 1 and,

11:10

to, it's a little bit more we gotta be at least I feel like I gotta be on my game, which is good.

11:17

Alright. We're gonna go back into our normal routine where we go through the state of the network. We're gonna go through some, news topics.

11:25

We have 0 questions from the audience because we haven't gotten to the,

11:30

yet to tweet out any questions for the week because we don't have a guest. Right? Right. Yeah. Usually, that's just where we have a guest. Yeah. But maybe they wanna you know, we should maybe add is like, hey, any specific topic or anything newsworthy that you've seen that you want us to highlight for the week

11:45

and, like, delegating that work to

11:49

you. So it would be it would be nice. Yeah.

11:52

I don't know. I think it's our ship. We should steer it. Yeah. I agree with you.

11:57

And then, yeah, let's just jump right in. You wanna go into the state of the network? Yeah.

12:04

Alright. So today, August 21st. Oh,

12:08

the anniversary of Ruby Ridge. Oh, yeah.

12:12

Let's continue to go down the politics road.

12:15

So, the ATF can go fuck itself.

12:21

On August 21st, they,

12:24

this is the anniversary of the date that,

12:27

basically, undercover

12:30

federal agent tried to get this dude to sell him, like, a sawed off shotgun.

12:37

And I think he, like, finally agreed to after, like,

12:41

being coerced. Yeah. Being, like, peer pressured into doing it. And then,

12:46

and then that triggered that gave them what they need. That that gave the federal agents what they needed, the justification that they needed to go, like, raid this dude's home. Mhmm. And

12:58

it ended up becoming, like, a several day standoff.

13:01

And the, wife

13:05

was famously, like,

13:08

standing, holding their son in her arms and took a bullet

13:13

and was killed, holding the baby in her arms. She wasn't armed.

13:18

The I believe the the older son also got killed.

13:23

The the father, the guy that, like,

13:27

had modified the shotgun, he

13:30

he survived, you know, and he he's an outspoken advocate.

13:34

So, yeah. Do an Internet search

13:37

for Ruby Ridge. If you're not familiar with it, you'll find a much better

13:42

explanation of it online than I can give

13:46

here. But, yeah, that was today.

13:50

Back in the nineties. I don't remember the exact year, but it's been a while. Anyways,

13:56

we are at block height 857796.

14:02

According to our friends at new hedge.io,

14:05

Bitcoin difficulty is 86.8

14:08

trillion and set to increase roughly 2% at the conclusion of epoch 425,

14:15

which should be on August 28th, so a week from today.

14:22

Who's plugging machines right now while we're

14:26

all the Bitaxers. All the hey. Let's go. All the

14:30

bidaxers. All those, sales that have finalized since that block was found and the orders have been I know. I've shit out.

14:39

I've actually they've just been you know, it's funny. I've been seeing on Twitter. Everybody's like, I'm doing my part,

14:45

up front. Yeah. It's awesome. It's so cool. Well, another thing I was thinking about, which I don't think we've really touched on the show and it's not really a well formed thought because this is the first time I'm actually saying it out loud. But,

14:59

one thought that crossed my mind was, like, at some point down the road,

15:03

the Bitcoin rewards are gonna be so low

15:07

that it doesn't make any sense for these, like, large

15:11

mining farms to operate. Mhmm. And that

15:16

that could be a reason why

15:19

hash rate is distributed among

15:22

many many more smaller devices like bit access,

15:26

than centralized into larger farms like we have today. Sure. So

15:32

I one then that could be very plausible. 2, I do think

15:36

in the year 21100 or so,

15:42

we're still battling over layer 2 solutions. I'm trying to figure that out. Yeah. And,

15:48

the Bitcoin blockchain, the transaction fees are at a point where

15:52

it is well worth it to mine at scale still.

15:56

You would hope in order to have these farms Yeah. I mean, that's the idea. Right? That the transaction fees Correct.

16:03

Fill in for what the subsidy was providing all the time. Yeah.

16:07

And we'll get to the news side, but I I have,

16:10

not a conspiracy theory, but I do have a theory of where the market, I think, is gonna go especially on the large scale miners as it relates to AI. And I think I've probably said this on other,

16:20

Positivity 6, but I can see it materializing much more. But we'll get we'll get to that. Okay. Yeah. You got a bullet point on that. Right? I do.

16:29

Alright. So, over at Kaboomrax

16:35

Marketplace Mhmm. And Antminer s 21 pro,

16:39

234 terahash, 15 jewels per terahash

16:44

will go for just under $5,000

16:48

today. So what's that price per terahash then, 5?

16:54

4,979 divided by $255.

16:59

Yeah. $21 a terahash? 21. Yeah. There you go.

17:03

Hey, Nick and the guys at KaboomRacks sent By the way, I'm wearing their shirt today. There you go. That that's, free advertising. Send us one of these s 21 pros,

17:13

just so that we can, like, take a look at it. That'd be cool.

17:16

Man, 234 freaking tera hash. Man, I remember when, like, the 100 what was the m fifty came out? And we're like, woah. A 150 tera hash or whatever it was. Right. I was like, oh, man. There's no way they're gonna have something. Next thing you know, 200. We're gonna be at 500. When do you think we'll be at a 500 terahash machine? Well, I mean, it's it's a diminishing,

17:40

like, gain in efficiency here. Right? Like, it's been diminishing over time. So, like, if you look at, like,

17:48

the transition from, like, graphic processing units to, like,

17:53

like, the s nine, it's like a Sure. Quantum leap, right, in hash rate. And then, like, from the s nine to, like, the next generation

18:02

was a big leap but, like, those those leaps are getting smaller and smaller

18:06

every generation. So, yeah. I don't doubt that it's gonna increase and maybe you can get 500 terahash with 35 100 watts at some point. Mhmm.

18:17

But I just I think these these increases are just gonna continually be more incremental

18:23

as time goes on. Yeah. And there's gonna get a point where you just

18:27

like, that's about as good as it's gonna get,

18:30

which I think adds to the case I was making before about, like, these smaller,

18:37

machines that take less power Mhmm.

18:40

Making up the majority of the hash rate

18:43

Yeah. Eventually.

18:46

Anyways, moving over to mempool.space.

18:49

Hash rate is down from the all time high of 645

18:53

exahash, which was at the beginning of August. It is now down to about 624

18:59

exahash on the 14 day moving average.

19:03

What's after exahash? It's a that's a, zetahash. Zetahash. When do you think we'll be at 1 zetahash?

19:11

Oh, man. I'm really good at predictions. Very good. Paul,

19:16

Niko, the best. By November 5th.

19:23

2024. Yeah. Yep.

19:26

If one person is the president, is it immediately at 1 Zeta Hash? Is it with the other side?

19:31

Are we immediately at, like, 300 like that?

19:36

I'll let you guess which is which. Oh, man.

19:40

Hash value is currently 70,000

19:43

sats per petahash per day.

19:46

Hash price is $45 per petahash per day.

19:50

And the next halving is due in 1,330

19:54

days according to coin wars.com.

19:58

And that previous stat was from the brains in sites dashboard. Oh, yeah. Insights dot brains dot com. My bad.

20:06

Which, by the way, they sent me, like,

20:09

a care package of swag. I should wear some of their merch. I got, like, a sweatshirt.

20:15

Oh, sick. Shirt, t shirts, like a

20:19

like a hooded sweatshirt. If people just send you stuff, you just wear it. Yeah. Hell, yeah. Yeah. I respect. Yeah. No. Their their swag is dope. I feel I feel like they, at

20:29

the time not only is it good quality, but I feel like they put the, Block Height on

20:34

I think they're the brand that puts the Block Height in the

20:38

in the label and stuff. Oh, I think they were they might still be doing that. I can't recall if they still are, but they they had, like,

20:46

like it looked like the, like, header information Uh-huh.

20:50

And then, like, highlighted, like, Shaw 256

20:53

Mhmm. Like, among all the letters and numbers. Oh, cool. It's it's cool. The branding looks good.

21:01

Alright. So, and a number of them are just probably pointing us hash, sending us sats.

21:10

We wanna go through the, stream sats point hash update echo now?

21:16

Yeah. Do you wanna

21:18

Yeah. So, again, thank you to Foundry Yeah. And generous support of the 256 mission to make Bitcoin mining free and open.

21:26

Actually, on their Foundry USAPool.com,

21:29

you can select, 256 Foundation and and,

21:33

we can receive a portion of their hash rate. Yeah. So they included the 256 Foundation in their Foundry donate program.

21:44

I think it's massive, and I do think it's freaking dope. And I do think the incentive for the miners because I'm, like, always trying to put myself in their shoes. I'll be like, hey, man. I'm struggling. Why the heck am I gonna, like, point? You know? I I need to survive 1st, then I can donate money, but it's like a tax,

22:01

deduction vehicle. Right. You know? So Yeah. And I think Because the John Tree makes it super easy for them to document it, send it to our accounts, and such. Right. So Yeah.

22:11

That'd be great. Yeah. Because the 256

22:14

foundation is a public charity nonprofit

22:17

501c3. You know what we need, Paul? I need I need a,

22:22

a sound board right here. You're hitting the horns?

22:27

I I got horns. I got tangents. I got, like, cheers. I need a boo. I need a hold up one second. I need a yeah, man. I'll turn you into a damn owl.

22:41

Damn owl on a porch. No. Can't look like you in a damn owl, mommy. You know what I'm saying? It'll you'll be

22:46

you'll be out of your own porch, you know, if

22:51

Oh, man. Cocaine's a hell of a drug, Oh, yes.

22:56

Oh, anyways. Okay. I've had some of the best of times and some of the worst of times.

23:03

Oh. Oh, man. Alright. So,

23:06

Rob Warren. Why don't you give our friend Rob a shout out? Also, special thanks to bikes and Bitcoin

23:12

on Twitter, author of the Bitcoin Miners Almanac available

23:17

on the Bitcoin Magazine website and also on Amazon.

23:22

Rob has graciously dedicated 10% of his book's profits That's massive. To the 256 foundation to help support open source Bitcoin mining development

23:32

and educational content such as this show.

23:37

The Bitcoin Miners' Almanac

23:39

has the clear explanations,

23:42

defining principles, strategic insights,

23:45

and case studies you need to understand and appreciate

23:48

the emerging Bitcoin mining industry

23:51

and maybe even become part of it yourself.

23:54

Have you read have you read The Element I Can? No. Not yet. I contributed to it. I'm in it.

24:00

Big time. Yeah. Yeah. I wrote one of the the chapters.

24:04

You wrote the whole chapter? Yeah. Well, like, each chapter is like a different, like Author? Perspective from a different,

24:11

That's a good hack. Yeah. I need honestly, I need to make a note because I need to buy a couple more copies, Rob. No. I I was gonna buy one at the,

24:19

at the conference, but but Oh, there

24:24

dang. I should I should have bought a bunch.

24:27

We need to have some here at the park on display as well. Yeah. For sure.

24:32

It'd be nice to have one. Oh, yeah. We should have it right here. Yeah.

24:36

We should have, like, a poster too. There's honestly so much. We're working on it, Rob. Bear with us. Yeah. I mean, this this studio is kinda shitty right now, you know. It's like it's

24:46

you know, there's there's a lot of things we can do, you know, upgrade the production,

24:50

upgrade the camerawork, and so on. It's it's We're getting there.

24:54

Iteration. Call it ragtag bunch, you know? Yeah.

24:58

We're just bootstrapping this thing. There there's the joke button, Paul, on here. Okay.

25:03

Paul's not laughing. The

25:08

alright. Guests that are still pointing us hash from the Lin coin,

25:13

side? Oh, yeah. So, Bliz Abler,

25:17

bikes and Bitcoin, and bidax wanna be just an s 17

25:22

pro. Hardcore. True true and true. Tried and true. Hashwall.

25:28

And then from public pool, we've got Boris.

25:31

And then there's also, like, a a miner that is not named on there. So just, like, blank, but I can see, like

25:37

Oh, that's Elon. Oh, okay. Yeah. Yeah.

25:41

Got it. He's pointing us some hash.

25:45

So, yeah, there's that one too. And then there might be some others. I think, like, I saw

25:50

it looks like we've got some shares available on,

25:53

Ocean. Let's go. So I think Let's go. Like, if I pull up the Ocean dashboard,

26:00

shares in this window, 16.38,000 shares in this window. So I think someone had been pointing us hash rate on Ocean. Nice.

26:08

And then there's a few others. But Rock and roll. So thank you to all the Hashers. Thanks to the folks pointing us

26:18

at Sats. We're gonna be leveraging this here, knock on wood, in the next

26:24

near future. We got a lot of exciting stuff in the pipeline

26:29

that, day by day, we're moving forward on, which is really exciting.

26:35

One of which has a little tie in. Do you wanna talk you wanna flip over to the news and topics now? Sure.

26:43

We saw our friend, I think Scott or somebody in our in our feed, the BitX Gamma.

26:50

What'd you think of that? I think it's awesome.

26:53

Yeah. Tell us about it. I'm gonna just pull up the tweet real quick so I can get the specifications right. So it's the

27:00

b m 1370 ASIC from the Antminer s 21 pro. Mhmm. So,

27:09

same platform that you've

27:12

grown to know and love with the Bitaxe,

27:15

but now with a more efficient chip,

27:18

and therefore, more hash rate. So,

27:21

yeah. It's, like, an exciting development. I know they've been, like, slaving away

27:25

trying to get that going, and they've gotten it figured out. So

27:33

It's so dope. I I wonder if there's a slight tangent. There's a way through this Twitter thing

27:38

with Grok where you can take a bit acts image and be like, show me all tweets of people

27:44

posting a bit acts image. I imagine. Yeah. Because that would be dope. Because there's I mean, again, I I I feel like my feed is filled with bit access now, but I'm, like, getting only, like, 10% of them. Probably. I wanna like and retweet all of them.

28:01

Dude, this is gonna like, this is the Trojan horse, I think. Because to your point where

28:07

I think these larger farms, especially on grid,

28:12

could be vulnerable or or, of course, way more vulnerable

28:16

to, oh, the price is now down to 58,000

28:19

or it goes down to 50,000 or it goes down to whatever.

28:23

What? I freaking got my bidax. Yeah. It's still on here.

28:27

It should be. We just rearranged a bunch of stuff, so I hope it's still plugged in. Yeah. You got a bidax running in here, don't you? Yeah. I think it's, like, right behind that bag.

28:36

We have one upstairs. We have one here.

28:39

You know, we get What's cool about the one upstairs Did you put your addresses? No. But I just wanted, like,

28:46

they're playing king of the hill with this. So it's here at Bitcoin Park, so basically publicly accessible. Right? Well, not publicly accessible. You have to have the key card again to that building. So members can play king of the hill. Yeah. So members who can access the building can get to it, but they can go in and change the address. So it's always hashing away.

29:05

So when the block was hit, people were like, holy shit. Yeah. This is the king of the hill right now. Exactly.

29:10

Oh, man. But, have you been following how these miners are playing this, like, AI HPC?

29:18

I think HPC stands for, like high powered computer, something along those lines,

29:23

but I think

29:26

where this it's gonna save a lot of,

29:29

zombie minors potentially. Here's my theory. My theory is

29:34

and it's gonna take a lot of money, but, dude,

29:38

the AI arms race is, like, on like Donkey Kong. They're talking about, like, t 1,000,000,000,000 of dollars in,

29:46

energy and investment into energy producing sources, like power purchase contracts and whatever else have you.

29:52

Well, what's the fastest way you can go and get those agreements?

29:56

Acquisition. Okay. Go and look at what Riot and what what's this the next one? Like, BIDFarms,

30:03

CleanSpark, Core. What do you guys all do? Okay. Cool. Yeah. We're buying you.

30:09

Thanks for playing the game of all this mining stuff.

30:12

We'll do that while we transition to

30:15

AI HPC infrastructure. Right. And then just dump all those old miners on the market. So they you're saying they want to the AI companies wanna acquire the I think there's a non zero chance for their infrastructure.

30:28

AI type companies acquire Bitcoin mining companies.

30:33

And the opposite or the other end is true as well that these Bitcoin focused,

30:38

mining companies, transition and have a portion, if not majority of their revenues coming in from hosting fees,

30:47

of AI HPC, type, contracts. And so they become

30:52

they monetize these power purchase agreements that they have,

30:56

and they're going to town on it. Right. So what does that mean for,

31:01

mid tier to lower tier miners? Well,

31:05

if you have a power purchase agreement that a big

31:09

AI HPC, I hope I'm getting that acronym right,

31:14

can't buy or don't care to buy, then all of a sudden you could see that potentially, again,

31:20

non zero chance, but not like I don't wanna I put it like less than 10%.

31:24

The total hash rate slowly drops

31:28

because they're going these bigger farms are going offline for this. Mhmm. Right? Yeah. Which would be pretty dope.

31:35

Alright. It makes sense. If for the mid tier, low tier miners. Now if you're, you know, node operator and and

31:42

a user of Bitcoin, probably not as dope. It's more a little bit scary. They need the infrastructure

31:48

for the AI computing machines. They desperately need the infrastructure. But transformers,

31:55

copper, like Keep going. Everything. Absolutely.

31:58

The towers, like, it there's the substations. There's so much The labor. The specialized labor to get it all the goal. The time Yeah. To go to build this up. And they're like, wait a minute. You're, like, some nerd that's, like, managing all the money is like, wait. Wait. You're telling me 4 years and then we're, you know, is an 85%

32:16

likelihood? Right. 4 years in AI land is like

32:19

50000000 years. Right. Okay. What's the price on all these publicly traded mining companies? Go buy that. Yeah. Buy that and buy that. Because they already have the infrastructure.

32:29

They already have the infrastructure. So, I mean, they still need to, like,

32:33

retrofit it, you know, for the and again, this is above my pay rate, but, you know, you can't you gotta rip out all the the miners and then install all the,

32:41

a AI HPC stuff. But, I mean, what does Riot have at their was it Westone facility? Like Something like that. Like a A 1 gigawatt or something like that. Right? I thought it was like like 750

32:53

gigawatts. I don't think it's no. Dude.

32:58

Wait. Riot, Winestone.

33:06

In any case, it's a lot of infrastructure.

33:11

I I Googled it. The the first thing comes up, Texas Bitcoin mining operations shut down my house.

33:19

Our security is so good. Yeah. Oh, no. 125 it no. It's 1 yeah. I think we're confusing megawatt and gigawatt, but it's a 1 gigawatt. And then it's like, this one was a 125 megawatt mining facility.

33:34

For some reason, I thought they had, like, hundreds of gigawatts. No. I think they're, like, in pipeline probably, like, where they're we're talking about,

33:43

what their pipeline looks like. You know how good I am at math. So Yeah. I know.

33:48

But going back to it, I I can absolutely see this happening. Both sides.

33:54

So so if you're a bit x I mean, bit x is you're not getting affected in any way, shape, or form, but you got a farm with, like, a 100 machines, you know, and you're, like, off the off grid people,

34:08

those are the the best. Right. The best. Yeah.

34:12

Those guys are just, like, laughing not laughing away. They're just, like Laughing all the way to the bank?

34:19

To their own bank. Yeah. But they're just like, alright. And maybe I don't have the infrastructure where and they don't have the consistency in terms of, the on grid folks where the AI h p the AI folks want,

34:33

to like, we need, like, a 100% uptime. Right. Right. Where this is like, alright. Maybe it's not a 100% uptime because we're off grid. You know, whatever our reuse in terms of energy source is taking, you

34:46

know, whatever happens. So I think it's a good time to be in the off grid game, my friend. I think so too.

34:55

Yeah. Right. And, you know, I've said this before. I don't think,

34:58

like, the current model of

35:03

just these large mining farms where that's all you do. Mhmm. You just you have a warehouse and you throw a bunch of miners in it. Like, I don't think that model

35:11

exists beyond this having epoch.

35:15

It exists beyond this having epoch. Okay. I would take

35:20

so 1,330 days, about 3 years.

35:25

I mean, that's a fair that's a fair bet, especially with the AI push and, like, so much competition going into the next having where we're on price.

35:35

Yeah, dude. Like, if you're, like, gonna get into the mining game, like, that's gonna be your play, like Yeah. Three and a half years from now. Like Oh, yeah. Yeah. Yeah. Like, okay. I'm here's what I'm gonna do. I'm gonna buy a warehouse Mhmm.

35:49

And, like, have the power company hook me up with

35:53

50 megawatts of capacity Mhmm. And then I'm just gonna stuff it full of Bitcoin miners. Like that's who's gonna be making that decision

36:01

three and a half years from now? I don't think anybody will be.

36:06

Maybe. I just I don't see it. There's

36:09

what I think what you will see are

36:12

a lot of smaller miners Mhmm. Home miners,

36:16

miners getting integrated into other

36:19

appliances and devices, and I think you'll see other

36:23

businesses that have mining as a component to that business like we've discussed

36:29

previously. You know, like, for example, that hotel, I think it's in New York

36:34

and it's like a Yep. They have like a bathhouse in there Yep. And they heat all the water

36:39

with the heat generated by the miners. Like, something like those types of businesses where

36:45

where mining is either

36:49

helping your business operate or, like, something you're doing in the business can be converted into energy, and then you can mine with that.

36:57

100%. One other thing I wanted to highlight,

37:03

anything else you wanna add to the bid x gamma thing?

37:07

Keep up the good work, Scott and team. Yeah. That's,

37:11

a great And the whole Open Source Miners United community. That Yeah. Is an awesome Discord. I get give them a shout out. I mean, I think they have, like, 3,000 people in that Discord. So if you're curious about home mining

37:23

or you're a tinker and you're like, hey, I just I'm on Twitter, but I don't know, like, if there's a better community to join,

37:29

join that Discord. I think just Google Discord OSMU or Open Source Miners United and you'll get you'll get connected.

37:38

It's so dope.

37:42

Let's go to Africa, man. Yeah. What's up with this Africa Bitcoin conference?

37:46

I think I'm gonna go. Okay.

37:50

You wanna come with me? As long as I don't have to take any shots.

37:54

Alright. I don't what you think he's gotta take shots, Paul? I don't know. I'm not familiar with African

38:01

the word on the street is you don't have to take shots. Alright. If I don't because, like, I if I have to put a fucking mask on to get on a plane, forget it. I refuse to do it. Respect. Or if I have to take an injection to go somewhere, refuse to do it. Yeah. So, I mean, those are my hard red lines. As long as we can work within those, which I really don't think is asking too much.

38:24

That's fair. Then, yeah, I would love to go to Africa. Okay. Here's why why would we go to why are we So the Africa Bitcoin conference,

38:33

I wanna say it's I man, I should've known these dates, but, they they flipped a little bit on the dates.

38:39

But it's, I think, December,

38:42

yeah, 9 10

38:46

in Nairobi, Kenya. And,

38:51

so before I had kids,

38:53

I would go into this, like and my I had my wife.

38:57

She was awesome and is still awesome. And she'd I'd be like, hey. I'm gonna go to this meetup in New York. I'm gonna go see this thing, you know, this Bitcoin thing wherever. She's like, okay. Cool. Have fun. Whatever. Playing with your Bitcoins as as our French friend likes to say. He go,

39:11

that was one of the best and worst lines ever.

39:15

Just so Nachilat doesn't care about it. He's like, alright. Whatever. I'm a am I done here? Do we collect the the bag of money? Alright. Cool. Go have fun playing with your, you know, cryptos and your play things. Yeah. Right? So

39:28

anyways Very belittling. It was so belittling.

39:32

They're not yeah. Anyways, in a 109 days, this starts. They got a countdown on their website afrobitcoin.org.

39:41

So wait wait. What is your wife gonna be cool with you

39:44

jumping over to Africa now? Yeah. Yeah. Yeah. Alright. So I talked to her. I mean,

39:48

you got She's giving me the permission slip. Well, she's giving me the,

39:53

verbal. I haven't gotten the signed paperwork yet that I can get my permission to leave. Well, that's good. I've got the dates kinda confirmed. I'm gonna go a little early to get a

40:02

so I'll give you the dates when we're gonna go, and then I got a whole itinerary for us to do as well.

40:08

Have you been to Kenya before? I actually have been. Kenya and Tanzania. Did you have to take any shots?

40:14

I mean, back then, probably. I mean, I was like,

40:19

I just follow I follow the rules and the You don't you don't break any laws? You know well, it's not laws. I just you know, I like people to tell me what to do. ACO. You know, when they're like, hey, man. Come over here. Take this. You know, do this. I'm like, yes, sir. Yes, sir.

40:34

No. I mean, a pro Comply or die rod?

40:41

No. I mean, I I'm pretty sure

40:46

I did. I mean, this was in, like, 2,005.

40:48

I don't remember. Like, I I I hate Kilimanjaro.

40:52

Back before vaccines would kill you.

40:55

Back before yeah. When vaccines were cool. Yeah. When they

40:59

were normal. So anyways, I but I do think,

41:03

you know, I you and I both love

41:07

to meet and jam with tinkers and people that are,

41:11

a little out there, building especially in Bitcoin and especially in Bitcoin mining like the Rev HODLs of the world, the boom the Zac Bomsas of the world, the Schnitzels of the world. I mean, Scotts the world, list goes on. I feel like in Africa, there's this like a group of just amazing builders

41:29

that, we'll get to meet and learn from and network with. Well, who do we know that's out there? Well, Hurstmann's helping, Eric Hurstmann from gridless compute who's amazing.

41:40

And, honestly, he's, like, the main person that I really wanna go and, like,

41:46

learn from and and and take his guidance on, from.

41:51

And then I can't wait to go through this whole speaker program and and and I wanna buy us both tickets to this,

41:58

and then, and then we'll go. Alright. Happen. Deal.

42:02

Deal. Let's do it. Let's go. And I think we gotta pull Scott with us as well,

42:06

and bring bring some bid access down there. Alright. Well, they'll they'll probably be like, bid access? Dude, look at our whole setup. We already got all this, stuff going on,

42:15

which will be dope. Yeah, man. I think honestly, I I wanna

42:20

slowly but surely even still with the kids, like, with school,

42:24

like, this summer, I definitely wanna travel more.

42:30

It's it's tough because Tennessee is so amazing. It's just, like, great, like, living here. And, honestly, hey, by the way, how's the weather been?

42:38

It's been nice recently. It's like It's cooled off. It's cooled off. It's no longer, like, 99 degrees at 10 PM

42:45

at night, which is pleasing.

42:49

I was like, hey, you go. You moved here right at the worst possible time. So you're like, wait. What is this humidity thing? Dude.

42:58

Yeah. I was having trouble adjusting.

43:03

Well, this is probably these past 2, 3 days

43:07

in August here in Tennessee, I've never experienced anything like this. It's been the best. I mean, it's gonna get humid AF again,

43:16

but we'll see. It'll be cool to see what the weather's like down there, and, I mean,

43:22

they they're gonna they're I've heard nothing but good things about this,

43:26

whole, program. So,

43:28

shout out to those folks who's who are organizing it and

43:33

excited to, attend. Alright. Mining Monday. Yeah. Yeah. So

43:39

by the time this is, produced,

43:43

I'm gonna have it on the bitcoinpark.comforward/meetup. We'll have mining Monday.

43:48

I think I'm gonna do it, September

43:51

9th. No. I lied to you. The 2nd Monday of the month? It is 2nd Monday of the month. However,

43:59

what had happened was I got a little conflict on that Monday.

44:03

So there's these all these charity things that happened, like, the 1st week of the of September.

44:09

Okay. And, like, there's this golf tournament that's happening. Oh, I see. And I gotta go play in that. Alright. So I wanna move it to September 16th. Does that work for your schedule? The 3rd Monday of the month? Well, let's not

44:21

box this in. I mean, typically. That's why I like to say typically the second Monday. If BitDevs is on We're we're gonna move BitDevs to 16th.

44:30

Oh, you are? Yeah. Yeah. I gotta talk to Steve and those guys.

44:33

So I'm gonna I'm gonna update by the time we launch this.

44:37

Hopefully, not, like, within 10 minutes after recording so I get some time.

44:42

We're gonna do, mining Monday on 15th,

44:45

bit devs on 16th. Alright.

44:49

Then 15th to Sunday though. Sorry. 16th. 16th 17th. Okay. Monday 16th. Okay. Mining Monday. Alright.

44:58

Honestly, like, that is 1 Just push it back a week. Just push it back a week. Alright. Yeah. So if you wanna update your diary Yeah. I'm very

45:09

strict with my calendar entries. Good. It's quite the process to change them,

45:14

so I'll get that updated. Then

45:18

I do think, I I love the aspect of making it kind of like a pod 256,

45:24

show plus folks in the community that are working on things to come up and demo those things because I do think we have a number of tinkers in the community,

45:34

in the local here at Tennessee community. So,

45:38

we'll see how it goes. It could be 5 of us. It could be 50 of us. It could be, you know, who who knows? What's the overall vision like? We got the event space next door. Yep.

45:48

You and I just kinda run point on,

45:52

hosting the event. Yep. And it's

45:56

a night held for

45:58

people interested in learning about Bitcoin mining. Specifically more about home mining and, you know,

46:05

DIYers. Okay. So I look at it as like a a a bit devs meets an open house, but specifically for mining. Kind of that same, like, Socratic seminar style or Yeah. And, like, honestly, just to,

46:16

you know, we could still do pod 56 on Wednesday or we could use that as the the pod 56 recording. We could do For that week. Yeah. For that week. If Paul's free on, Monday night and wants to come and, you know, set up these 72 cameras, you know, in the event space and and make it make it happen. And then we could say, hey, for the first 30 minutes, these, you know, these cameras are rolling and either we're good live streaming it or we're, probably producing it and get it going. Then say, hey, the second half or if somebody wants it down. I I like the aspect of if somebody builds something and they wanna show it and then, you know, show it to the world Right. We won't give them the platform to do that. Yeah. And then say, okay. You know, now it's Socratic seminar. Show and tell. Show and tell. Yeah. Mining show and tell. My daughter had her

46:59

first full day of kindergarten today. Did they do a show and tell? It was,

47:03

it was, like, bring I I mean, I think it's what it was, like, tell me about herself or something. They're, like, bring 5 things.

47:10

So What'd she what'd she bring? I mean, I'm like a doxer, you know. Alright. Okay. Cool. I guess you had to be there. Yeah. Exactly. I guess you had to be there.

47:20

But, yeah. I'm excited to see how her first full day went.

47:26

It's always funny, like, drop it off. Fun time. Oh, yeah. 1st, like, going in is, like, you know, crying, coming out. It's like, hey, dad. It was awesome. Yeah. I was like, well, remember

47:36

it? They're like, no. This is awesome. Yep. Yeah.

47:39

Yeah. They conquer a lot of fears and anxieties in a short period of time. Totally.

47:45

So look for that, but also, telehash,

47:48

that's gonna be up as well, on the, Bitcoin Park. In January. Right.

47:54

Page on January 29th, that Wednesday.

47:58

So, so you can start RSVPing to that. That's gonna be a free, event.

48:05

We're gonna work out the timing. I don't wanna rug you again on the timing, but you really wanna do from, like,

48:12

5 AM. I feel like we need to get a cold plunge. Paul, don't you think we need to get a cold plunge in before Yeah. Absolutely.

48:19

Absolutely. Add that to the soundboard.

48:22

Absolutely. Yeah. We got well, maybe we we

48:28

we asked our friend to bring the cold plunge here. Although, January would be cold AF too.

48:34

What does the cold plunge have to do with Well, it give us that second boost.

48:39

Okay. You know, sitting down here for an hour Yeah. Or sorry,

48:43

hours, you know, we need to get some

48:46

movement. I mean, just get some cocaine. Damn it.

48:50

Perched up like an owl. Well, I'll just be perched up like a couple of owls here.

48:55

It's all good. You can just sit there like this. He's like.

49:03

Nah, man. No no no no PEDs.

49:08

No party drugs? Is that what PED stands for? Performance enhancing drugs. Although,

49:13

you know, honestly, we need I need to study Paul, we should look into, like, what these

49:20

the Billy's do because they're definitely taking

49:22

a lot of things. Who are the Billy's? The billionaires.

49:26

Oh. Yeah. They're they're

49:29

they're taking Ivermectin. They're taking all the stuff. So I just wanna know what I'll take it, like, 80% of the way there. Yeah. They're getting their IVs for sure. They're getting the IVs?

49:38

See, I I haven't done IVs yet.

49:42

You do IVs? No. Uh-uh. I mean, I'm I can understand your confusion because of my long flowing locks and

49:53

but but, no, I just just all natural, man. All natural.

49:57

So the the telehash, supporting the 256 foundation,

50:01

will have a lot of, show and tell there as well, knock on wood.

50:06

Some, project updates, but also talk about where we're going for the rest of the year Yeah. In terms of their support,

50:13

and hopefully, we have a target fundraising goal and and and we work towards that. Well, and there's gonna be a number of announcements coming related to

50:22

the 256 foundation. Yeah. So depending on when the timing of all those works out. Yep.

50:29

Some of those announcement announcements could be coming during the

50:33

September mining meetup or Yep. Maybe even October, November.

50:39

But I think definitely by the time we're

50:41

doing the telehash in January Yeah. We should basically have the whole

50:46

kit and caboodle out there. For a long time. Slight wrench in your plans. Okay.

50:52

We're gonna do one on September 15th 16th.

50:56

Let me just quadruple check. Sometime in September, we'll be doing a a mining meetup here in March. 16th. Lock it in. September 16th. Got it unlocked.

51:06

2 weeks later, Turkish. 2 weeks later, we're doing another one. We're rolling it back. We're gonna do another? In September 30th too.

51:15

Paul, it's already on your calendar. What's going on September 30th? Well, that week, we got a lot of things going on at the park,

51:22

and I think with a number of people potentially coming in town, it'll be cool to to do a mining one day. Oh, is that the thing I'm not supposed to talk about? No. I mean well, no. We're not it just, you know, there's some stuff going on. Anyways,

51:36

October 1 Yeah. We're gonna do a bit devs Okay. Yeah. Slash potentially a bitdev slash open house on that day or, actually, probably an open house on that day, and then, probably do the open or the bit devs the following week. So I'm gonna talk to to Steve and crew on that as well.

51:53

But those then we can go back to the regular scheduled programming. K.

51:58

The second Monday. But I kinda wanna do what do you what's your take on this if we did,

52:04

November 4th, 5th, and 6th? So we did November 4th, the mining Monday, the day before the election.

52:10

November or Tuesday, November 5th, bit devs,

52:14

which is the election day.

52:16

And then November 6th, I did open house. So we got

52:21

the day before the election. We're talking about Yeah. You know, Bitcoin. Right. Day of the election, Bitcoin. Right. Day after, Bitcoin. Okay. Yeah. What do you think? I mean, there should be plenty for people to talk about. Yeah.

52:37

I think it would be good to hang. Yeah. Let's do it. Okay. I mean, I don't I don't think we can, like, have too much Bitcoin

52:45

content available, especially in these, like, in person settings. You know, and it's so amazing. Like, our the meetup has grown to, like, 2,000 folks,

52:56

and there's just there's always the core group, then there's always sprinkling in new faces and new people. And I'm just so mesmerized by,

53:04

how they found out about, you know, this and this and honestly, Bitcoin is this gravitational force that's just pulling

53:11

all types of people into it. So Dude, like, times are getting tough out there. You know? People want

53:17

to try something different because what

53:20

they're trying everything they can to survive, and it it just the numbers aren't adding up for a lot of people.

53:26

You know? So it it it's no surprise to me that

53:29

month over month, you you see new faces and more people and

53:33

there's just more interest in this. You know? And if you look around, like,

53:38

who's fit? Who's healthy? Who's happy? Who's,

53:42

like, doing what who's living their best life? You know, it's the Bitcoiners

53:48

that you see, like, around the park. Yeah. You know, they have they have good healthy habits. They have good lifestyle choices. They have, like, good diets.

53:58

You know, they're, like, motivated to work on projects and be entrepreneurs and start their own businesses. They have their finances in order. Like, they're

54:08

healthy on a number of, like, different metrics where, like, most normies you see are just

54:15

like like, they're like an owl on a porch.

54:20

They're just falling apart, man. So Theo Von. The show. Yeah. You got a couple. We would love to have you.

54:27

I think we have a couple mutual can I I'm gonna I gotta I gotta Theo Von reach out?

54:35

Dude, that would be so epic to have him on. Like, hey. First question, can you expand on the Trump interview question? Does it give you that up?

54:44

That's so good.

54:47

That's it from my end, man. I know this was kinda short and sweet and,

54:52

I think it's We had a a home miner of the week too. Let me get this tweet pulled up here. Hang on.

54:58

Oh, during the earthquake, with all those bid access going?

55:02

Exactly. Yeah. So we had,

55:06

oh, where did it go? We had a bidax.

55:13

Yeah. This comes from Twitter user

55:18

Kakawlaala. I don't know how to say it. How do you say that? K k a k a

55:24

w l a l a? Yeah. Kakawlaala?

55:28

Kakawala. Kakawala.

55:33

Kaka Wallala. Anyways, they No. That's right. Kaka Wallala. Yeah.

55:39

Kaka Kakao? Kaka. Kakao. No. Because you gotta get the w. You gotta enunciate the w. Oh, sorry.

55:47

This dude was, in an earthquake

55:51

and had his bit axis suspended

55:56

on these boards. And so you can see the whole structure shaking

56:00

and the boards swinging to and fro, but the bit axis are safe just hashing away. Mhmm. I noticed that was shared by Scott, and it caught my attention. So check that out check that out on Twitter.

56:14

And we'll put it in the show notes as well. Yeah. Interestingly though, if you go to the user's profile, he only has 7 followers,

56:22

but no Twitter posts. So

56:25

probably just somebody who likes to lurk, but there's nothing wrong with that. So if you wanna follow him, go for it. Nice.

56:35

Alright. So we got a number of action items from this,

56:39

pod. I can't wait till next week to find out about your Ivermectin story. Oh, yeah. Yeah. That's gonna happen. Paul, are you in town next week?

56:49

Possibly. Possibly. Okay. We gotta figure out. Are you in town next week? Oh, I am. Yeah.

56:55

Honestly, I think I'm in town for

56:57

the foreseeable Wednesdays.

57:01

So we'll be rocking and rolling. We may even do a livestream of this.

57:05

We'll maybe even get a doper setup in terms of online setup. You can't make a doper setup than this, Paul. Seriously, thank you so much. This is unbelievable,

57:13

buddy. Yeah. Anything you wanna close with?

57:19

Keep on hashing, folks. That's it. Yeah. You're the man. No. You're the man. Thanks, buddy. No. Thank you.