Episode Details

Pleb Miner Monthly 

Episode 10

Show Notes

1 year of doing Pleb Miner Content on BitBuyBit. 

We are honored to be able to provide Pleb Miner content and are doubly honored to be able to interact with all of you on Telegram, Twitter and Fountain

Thank You for all the contributions of content, encouragement, sponsorships, boosts, and friendships!

Intro Music: Faith No More – We Care a Lot

Statistics brought to you by Lincoin Mining 

Schedule a call with Medi so you can hear him say “What do you do, so I may tell you what we can do for you?”

Statistics Summer Summary

Hashrate - June 21 our 70 MA was 367 EH – We are now 394 EH a 7.3% increase

Difficulty - June 21 Difficulty was 52.35 EH – We are now 54.15 a 3.4 % increase

BTC Price - June 21 BTC Price was $29,893 – Its now $26,192

Hash Value - Hash Value on June 21 was 24,850 – and is now 24,040 3.25% decrease

Block 807,057, 20.013 BTC in transaction fees!!!

Mononaught Tweet

Everybody Wang-Chung tonight, everybody have fun tonight

Bitesize Bitcoin (Mine your Mind) Brought to you by FixRigs

Take the Quiz!!! And share your results!

Most of the answers are contained in our Bitesize Bitcoin Segments

If you’re stuck on one, ask Jon and I’ll direct you to the episode

Highest Score Gets a Boty Hat!

Statistics

• What is Hashrate? 
• What is the incorrect name given to the HalFinning? 
• Explain the HalFinning. 
• What is difficulty and why is it important? 
• Name two common payout schemes used by mining pools?

Basic Electricity

• What is Voltage?- 
• What is Current? 
• What is Power?
• Explain Joules Law. 
• Convert 3500 watts at 240 volts to amps

Cost to Mine

• What is a Watt/hour ?
• Calculate the cost to mine a 3500 watt Bitcoin Mining Server over a 24 hr period at  
• $.10/KW/hr 
• Now do the UK at 30p/KW/hr 
• What is Hash Value 
• What is Hash Price 
• If current BTC price is $26K and our 3500 watt machine at 110TH get us 25, 773 sats per day, are we profitable at .10 cents KW/hr 
•  

Block Creation and Transactions

• What are the components of a candidate Bitcoin block headerTransaction Data
• The transaction data within a Bitcoin block contain information about each transaction included in the block. Name some of the key characteristics of the transaction data
•  

Bitcoin Mining Server

• Name the parts of a Bitcoin Mining Server also knows as an ASIC. 

BIP300

• BIP 300, also known as drivechains is a Bitcoin Improvement Proposal that will allow sidechains of separate blockchains on top of Bitcoin. Max, this is the final Mine your Mind question. Are drivechains…

1. Gay
2. Lame
3. Retarded
4. Regarded

Pleb Miner Monthly ACTION NEWS!!!

First up Riot receives $31 million in energy credits 

A short Op-Ed from an Anon Pleb. 

Growing Centralization of the Bitcoin Mining Sector

Public corporations have rapidly dominated the mining sector, primarily through aggress