Episode Details

In todays episode I speak to lili about home mining and how to go from zero to NOKYC Sat stacking hero.

We cover all you need from acquiring your miner to securing your precious sats. All details and links are bellow.

• Pitch for bitcoin mining at home (why do it?)
• • Cost to mine vs buying spot 
  • Mining bitcoin depending on your electricity rate costs below 20k, spot bitcoin is trading at 40k. You can calculate your cost to mine bitcoin using the Braiins insights calculator, they even have instructions that walk you through how.
  • Non-KYC aspect
  • Mining is non-KYC bitcoin at a discount. It is DCA (dollar cost averaging)
• Acquiring ASICs and related equipment
• • Signs of mining scams/scam sellers:
  • Promising free money
  • Offering steep discounts
  • Crazy specs. Like offering an M30S with 190 th
  • Imitating real businesses. Just because a promotion, invoice, and other business material contains the branding of a real mining company does not mean that document is legitimate
  • Inability to provide identity verification. Real employees from legitimate mining companies are always available to verify their identities to a customer via video calls, voice chats, or other means of communication
  • Immediate payment requests. Any service that wants urgent payment is likely a scam

-WHERE TO BUY: 

- Kaboom racks, Compass mining, MinefarmBuy, Hardware market telegram, blockware telegram

• Protecting your identity while buying
• • Encrypted communication tools
  • First thing, do not do business in social media DMs (unencrypted and stored on big tech company servers)
  • Email services like Gmail, Yahoo! Mail, Apple Mail and Outlook all collect user data. Encrypted email services like ProtonMail, CTemplar, and Tutanota are more secure
  • Messengers: Threema, Briar, Signal, Telegram (secret chats), and Molly, a fork of Signal.
  • Paying privately 
  • • LLCs if fiat payments
    • Transferring funds via a credit charge, ACH payment or wire transfer requires sending a customer’s legal name and bank information to the retailer, which is undesirable for privacy-conscious miners. Miners can operate under a limited liability corporation (LLC) established through a registered agent rather than tied to their real identities may prefer fiat payment methods. 
    • Whirlpooled bitcoin and/or non-KYC bitcoin is IDEAL
• Setting up your miner at home
• • Hooking up your miner and connecting to a mining pool
  • Make an account with preferred mining pool. If want to get paid regularly you need to join a mining pool. **I use Slushpool
  • Plug in cords. All the chords coming out of the power supply unit just go into the same holes on the top of the miner.  Plug in miner ethernet cable and PSU to wall.
  • Next you need to connect to the mining pool
  • Get the IP address of your miner. You must know this address to access the graphical user interface (GUI) of your miner. Download software to scan your network, angryIP scanner for example. *have to scan with VPN off
  • Put IP address of miner in your browser to view the GUI for that specific miner. 
  • Find the connection link on mining pool website, this is where you will point your hash power to mine with Slush Pool. Paste this link into Braiins OS “Pool Groups” section
  • Concealing noise and heat signature
  • • Air cooled vs immersion set up
    • For aircooled sets ups, You can build an enclosure for buy an out of