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CD31: getting started with bitcoin mining with @diverter_nokyc, @econoalchemist, and @roninminer
3 hour Posted Jul 20, 2021 at 7:27 pm.
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Market update: Dow futures, S&P futures, Nasdaq, and treasury market
Crypto market update: Bitcoin, Ether, Litecoin, Ripple, Dogecoin
Stock market update: Energy stocks, airline stocks, grocery stores
Introduction to Bitcoin mining
Reasons to get into Bitcoin mining: KYC-free sats, income, privacy
The impact of Diverter's mining guide on the narrative around mining
The long-term game of mining and the importance of not selling
The role of small-scale mining in decentralizing the network
The ideological reasons for mining and the alignment of incentives
The importance of starting small and spreading out mining operations
The future of mining and the race to longevity
Importance of a stable environment for mining
Longevity of mining equipment
Increasing ASIC life cycles
Heat utilization in home mining
Heat utilization in commercial mining
Acquiring miners
Buying from Kaboom Racks
Buying from hardware market verified listings
Setting up the miner
Managing heat and noise
Pros and cons of hosted mining
Comparison between buying a miner and using a lending service
Discussion about Compass and Blockware Solutions
The importance of trust in third-party hosting services
Mining shitcoins on a general purpose computer
The benefits of mining at home and the need for self-regulation
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3:00:02
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Show notes
EPISODE: 0.3.1
BLOCK: 691887
PRICE: 3373 sats per dollar
TOPICS: getting started with bitcoin mining, power, heat, noise, being good to your wife, internet, renting failed subway sandwich locations for mining, hosted mining options and tradeoffs, cloud mining is bad, mining shitcoins and dumping them for bitcoin
@diverter_nokyc: https://twitter.com/diverter_nokyc
@econoalchemist: https://twitter.com/econoalchemist
@roninminer: https://twitter.com/roninminer
I. Introduction/Why Mine Bitcoin at Home?
II. Acquiring a Miner [
III. Setting up Power/Infrastructure [
IV. Solving Wi-Fi [
V. Dealing with Noise [
VI. Dealing with Heat [
VII. Immersion Mining at Home [
VIII. Price Per Terahash [
IX. Extra Benefits of Mining at a Small Scale [
X. Two Different Types of Immersion [
XI. Mining Pools [
XII. Unsustainable Fee Market in the Future? [
XIII. Hosted Mining Services [
XIV. Mining Shitcoins for Bitcoin [
XV.  Profitability [
Full Transcript:  https://chowcollection.medium.com/matt-odell-citadel-dispatch-e31-getting-started-with-bitcoin-mining-with-diverter-nokyc-63513757f709
diverter's guide: https://diverter.hostyourown.tools/mining-for-the-streets/
econoalchemist guide: https://www.econoalchemist.com/post/home-mining-for-non-kyc-bitcoin
laurentia pool: https://laurentiapool.org/
support dispatch: https://citadeldispatch.com/contribute
twitch: https://twitch.tv/citadeldispatch
youtube: https://www.youtube.com/channel/UCoA72saVAuQ8hYCnBO0Lymw
bitcointv: https://bitcointv.com/video-channels/citadeldispatch/videos
podcast: https://www.podpage.com/citadeldispatch  
telegram: https://t.me/citadeldispatch
stream sats to the show: https://www.fountain.fm/
join the chat: https://matrix.to/#/#citadel:bitcoin.kyoto
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