Marty's Ƀent - March 24th, 2021 - Issue #956

Wednesday, March 24th 2021 - Issue #956

Mobile mining FT(long-term)W

*Disclaimer: talking my own book here since I am a part of the Great American Mining team, a team building mobile mining operations. Austin is also a part of the GAM team.*

If Bitcoin is to be a sufficiently decentralized network in the long-run mobile mining operations are an imperative. As our good friend Austin pointed out in 2018, the lack of leverage that static on-grid miners have with their local power facility is something that should not be taken lightly. The ability for a miner to get operationally locked in to a specific plot of land puts them - and by extension, the Bitcoin network - in a precarious position.

We've seen many cases in the past of Bitcoin miners getting kicked out of a local jurisdiction because the local government doesn't like Bitcoin or because they get locked into a PPA and have had taxes unexpectedly raised on them after the fact. Most famously in Quebec a few years ago.

Even if miners are able to lock in low energy prices for an extended period of time and have their operations up and running without a hitch, the risk of a local government making whimsical decisions around their support of or disdain for Bitcoin looms large. At any moment a strike of a pen could lead to men with guns showing up to a centralized mining farm and forcing them to shut down their operations. I don't think this will happen everywhere, but it is a risk that should be taken into consideration and preemptively routed around to the best of our abilities.

This is where mobile mining comes in. Building smaller scale mining operations in shipping containers that can plug bring the extremely liquid bitcoin market to off-grid stranded illiquid energy assets presents a beautiful opportunity for miners looking to run profitable businesses and the future decentralization of the network. These stranded resources provide an opportunity to mine bitcoin cheaply and the mobile nature of the mining operations built in shipping containers gives miners leverage over the stranded energy provider.

It's much harder to raise the price of that stranded energy on the miner using it when you know they can trivially unplug and move their equipment down the road to a competitor willing to sell their energy at a competitive price in relatively short order. On top of this, the distributed nature of this model makes it harder for men with guns to show up to a centralized location and shut everything down at once. They'd have to identify the whole distributed fleet, which could operate across state and national borders, and attack them all at once. Compare this to miners in Venezuela that the Maduro regime was easily able to identify because they were able to look at on-grid energy distribution and assume where miners were based on the amount of energy being concentrated in particular areas.

It is significantly harder to identify off-grid miners because this monitoring system simply does not exist. The future of mining is mobile and it is beautiful.


Of course, there will be a blend of geographically centralized operations and mobile operations for the foreseeable future. However, it's important to highlight why mobile mining should be prioritized and how it can provide immense value to the network and individual mining companies.
Final thought...

Day two of the sore throat. Struggling through. 
Looking to buy bitcoin with ease? Download the Cash App, use the code "stackingsats", get $10 and Cash App will send $10 to our friends at OWLS Lacrosse.
If you'd like to set up a one-on-one chat to learn more about Bitcoin I offer consulting services for an hourly fee. Please feel free to respond to this email if you're interested.
Share
Tweet
Forward
Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:
 
Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Copyright © 2020  TFTC.io, LLC  All rights reserved. 

Want to change how you receive these emails?
You can update your preferences or Ƀent Over!
 

Older messages

Marty's Ƀent - March 23rd, 2021 - Issue #955

Tuesday, March 23, 2021

Tuesday, March 23rd 2021 - Issue #955 The FATF demons are back The unelected anti-human freedom hating demons from the Financial Action Task Force have ascended through the nine circles of Hell to

Marty's Ƀent - March 22nd, 2021 - Issue #954

Monday, March 22, 2021

Monday, March 22nd 2021 - Issue #954 Bitcoin; fulfilling the vision of "Web 3.0" One of the most common threads that has been weaved throughout this rag since I started knitting it almost

Marty's Ƀent - March 19th, 2021 - Issue #953

Friday, March 19, 2021

Friday, March 19th 2021 - Issue #953 Talk about being out of touch I don't know whether we should laugh at the fact that the banking overlords are being this overt with their messaging or horrified

Marty's Ƀent - March 18th, 2021 - Issue #952

Thursday, March 18, 2021

Thursday, March 18th 2021 - Issue #952 Beauty Matters, let's strive for beauty Roger Scruton, Why Beauty Matters It's been a few years since I've watched this incredible documentary from

Marty's Ƀent - March 17th, 2021 - Issue #951

Thursday, March 18, 2021

Wednesday, March 17th 2021 - Issue #951 Sphinx Chat is Deus Ex Machina My head is spinning right now freaks. It's one of those days where I can't contain my bullishness. It has nothing to do

You Might Also Like

Ethereum's Layer 2 – Post Dencun | Layer 2 Review

Thursday, March 28, 2024

Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Former FTX CEO Sam Bankman-Fried sentenced to 25 years in landmark fraud case

Thursday, March 28, 2024

SBF had requested leniency of around 5 years jail time, while the prosection requested 10 times that. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

NFT & Blockchain Gaming Weekly - 📉Broad NFT Market Downtrend Over The Past Week

Thursday, March 28, 2024

Broad NFT market downtrend over the past 7 days. Azuki launches 'AnimeChain' on Arbitrum. Munchables, another game on Blast, is exploited. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Reminder: Ethereum Foundation In Hot Water As Government Authorities Initiate Investigation

Wednesday, March 27, 2024

We bring you the top stories in crypto every week! Stories like... Monday March 25, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Ethereum Foundation In Hot Water As Government Authorities

Coinbase shares dip as court sides with SEC in ongoing legal battle

Wednesday, March 27, 2024

Coinbase said it is prepared for the SEC lawsuit after court allowed the case to move forward. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Transactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges

Wednesday, March 27, 2024

Cronos Titan Upgrade is now live. DEX volume on all chains surges, with Solana and Avalanche emerging as top performers. BlackRock launches BUIDL tokenised asset fund on Ethereum. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

KuCoin assures users funds are safe after US levies criminal charges

Tuesday, March 26, 2024

The indictment accuses KuCoin and its founders of bypassing the Bank Secrecy Act and operating an unlicensed money-transmitting business. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

State of the Network’s Q1 2024 Mining Data Special

Tuesday, March 26, 2024

Our quarterly update on Bitcoin mining, zeroing in on recovering revenues, public miner strategies, and increased energy usage ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

OneKey: Web3 Dark Forest - How to Effectively Protect Your Physical Devices

Tuesday, March 26, 2024

Author: OneKey Editor: WuBlockchain Original link: https://twitter.com/OneKeyCN/status/1769925695604461753 Evil Maid Attack: Every Second Away from Your Device is a Crisis Imagine you've achieved