Bitmain Labels Miners That Can Mine Multiple Hashing Algorithms “Trans Miners” to Boost ESG Scores
Core Scientific and Marathon Digital both expressed erotic pleasure at the news that Bitmain would be classifying certain miners that could hash different cryptocurrency hashing algorithms as "Trans Miners" in order to raise ESG scores for mining companies.
Riot Blockchain on the other hand expressed displeasure at the move with CEO Jason Les responded by saying, "We don't need these stupid woke psyops in the mining space. We're trying to do productive things like fight the US Federal government and get the world on a Bitcoin standard."
The move by Bitmain has shocked the industry that had thought that Marty Bent, Steve Barbour and his assistant Adam O had defeated the ESG movement this last cycle. Unfortunately it would seem that ESG will be coming back with a vengeance, as Pubcos look for creative ways to sell their stocks to woke investment funds that could be buying the Bitcoin spot ETFs instead.
Many miners are confused by the move as most miners that had shipped before have been able to mine multiple coins. There are over 200 various mineable coins that use SHA-256, meaning that a typical Bitcoin miner is already trans according to Bitmain's new standards.
Bitmain is rumored to also be working on shipping a miner with RGB lights in the fans, which they claim is gayer than previous miners. They/them are seeking to ship these sometime Q2 of this year. The model name is rumored to be the S21G which is short for "S21 Gay."
Marshall Long responded to the news by saying, "I've been mining Bitcoin since 1978 and have never seen this gay shit. We don't put up with this in Texas. I'm only going to be using Micro BT from now on."
It seems that ESG is still alive and well in the Bitcoin mining industry, as BlackRock continues expand their exposure to publicly traded mining companies.
good idea, @k00b and I were chatting about something similar for the search page when you first click the magnifying glass.
instead of being met with a blank screen, you’d see a feed of the most recently zapped items, kind of like a “currently trending” feed… which could also offer variations like “trending profiles” or “trending images”.
https://imgprxy.stacker.news/de9jAukJCHQ05YvLKYPsrQz_HbsShgav9_5atTU6PM0/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvMTNLV2I1Y1QvU04tdmFkZXIuanBn
I’m not convinced that modern day banking interest is the same thing as the prohibited ‘riba’.
There are lots of ways for so-called Islamic banks to make money by providing finance:
“ Ijara is when banks buy an asset, such as a car, and leases it to the customer. Ownership remains with the bank until the lease is paid off by the customer. During this time, the bank is responsible for maintenance of the asset.
Murabaha means the bank acts as an intermediary to buy the asset, which is then sold to the customer, plus profit. The customer buys the asset with deferred payments.
Wakala refers to a contract of agency or delegated authority in which the bank is appointed much like an individual agent to carry out a specific task on the customer’s behalf. The bank lends its expertise for a set duration for an agreed upon profit.
Salam could be considered forward-financing, or as a kind of debt – the institution pays for specified assets in advance, which the seller will then supply to a quality, quantity, and time the parties have pre-agreed.”
https://www.edology.com/blog/accounting-finance/how-islamic-banking-works/
hey! thanks!
great question! I’ll definitely be posting updates to the base58 twitter and nostr profiles. I’m working on our schedule for next year right now!
I know there are many good authors here, but are not so active.
I would like to see more writing from them.
I always like to read here from: @TonyGiorgio , @CarlBMenger, @fanis, @petertodd, @theindranetworkprotocol and some others. They bring very interesting material to Bitcoin world and worth paying attention to what they say.
Thanks for sharing all your work & research Lyn. It’s been incredibly valuable these past few years and your paid newsletter is pure
goldcorn.Not sure if you’ve given it much thought but curious…
The same thing we work on every week Pinky... Athena Alpha - Bitcoin Education
It's not the Bitcoin Repo, it's the repo of "Bitcoin Core" which is only one implementation of Bitcoin. It is very prominent because it is the direct descendant to the original code by Satoshi Nakamoto.
Unfortunately it is way to prominent in the Bitcoin world to the point where people use it synonymously with "Bitcoin" itself.
I like the idea, but the site is a little short on details. I assume it's a LN wallet? Custodial? The idea of nostr marketplaces using LN is very promising, so I would like more information.
🙏 i think it's been a little longer but thank you! these past couple months on SN have been awesome, gonna keep at it
Join a space startup/company/program so we can get people off world.
Hi Julian, will you, at some point, let companies take ownership of their reviews page? Kind of like Glassdoor. Also, it seems you have B2C products. Will you start B2B as well?
Watching HN completely miss Bitcoin has been a fairly interesting experience over the last 12 or so years.
In part I think their anger is related to the collapsing returns within tech industry itself. "Silicon Valley Life" was the former gold rush that is now sunsetting....the industry has metastasized into a handful of kingdoms and growth is falling into traditional late-stage growth curves.
They should have seen it coming - and they know that. The internet developing its own native currency that displaces traditional system was an obvious tech development, but somehow they missed it.
But there is another - deeper change - that has happen. The "tech industry" itself has moved from being a very libertarian place in late 80s / 90s - to now a deeply state worshiping place. Its quite ironic (and they seem completely blind to it) that 99% of the tech they worship, was developed out of a mistrust of central authorities.
Right off the bat James gets something wrong: the leadership of Core right now is mostly not "legacy". They're newcomers like Chow and Zhao who got involved relatively recently.
Good mempool policy is essential to making L2's work; L2's are the only viable solution we have to scaling self-custody to more people. While I disagree with Core on some of the detailed specifics of the mempool policy that has been adopted, the reasons why so much work has been done on mempool policy are correct.
Bitcoin can open about 1.1 billion channels/year with the existing Lightning protocol, with fairly simple changes to existing wallets. Tens of millions is not a big deal.
The irony here is that James has been wasting a bunch of time on an unimportant proposal that does nothing to scale self-custody: OP_Vault. In fact, OP_Vault makes the problem worse, by encouraging a particularly inefficient way of doing self-custody, approximately doubling the amount of chain space needed.
Meanwhile we have good reasons to not want to rush into multiple user per UTXO systems.
No-one has flushed-out proposals that let the world population DCA to genuine on-chain self-custody with minimal fees. Sorry. But we just haven't figured out how to do that. Ark is one of the things that comes closest. But holding a true self-custodial balance on Ark will require fees to pay for liquidity.
The most straightforward way to do DCA with minimal costs is to DCA to a trusted token, eg ecash, and periodically use the accumulated balance to resize a lightning channel. We have about enough on-chain capacity to resize about 470 million LN channels per year.
The world population with a cellphone is estimated to be roughly 4 billion people. So that gets us reasonably close.
We don't actually know who is a profitable node and who isn't. Even if someone told us how much profit they're making off their routing node, we can't know whether they are telling the truth.
I've run a profitable node in the past using static fees, but now I see people using automation tools extensively to maximize their incomes based on data internal to an individual node.
I'm watching the effect of Zero Fee Routing's management strategy really take off and inspire others to do the same. With zero routing fees, we're seeing more people choose to frontload their routing earnings through channel sales on Magma, which is something that we can verify. 2+% APY is pretty good and that's before any income that they'd make from actually routing!
My take is that ads aren't going away but they will change. When you can monotize products directly there will be less available ad space. Some of the status quo with ads is due to the culture of "free". If that culture changes that will greatly decrease ad supported products.
When I was young (10-14 years old) I trusted in the government. I thought different political ideologies have different principles. (I admit...I was naive).
In my university years, I had the opportunity to work as voluntar for a political organisation in my country. An organisation who represent the minority's rights....and when I constated what kind of "murder" it is.....my opinion was changed 180 degrees, and I becomed trustless with any political organisation
No.
Reason number 1: Reminder that the tor network exists
Reason number 2: https://www.bip324.com/
Reason number 3: "The internet is a network of networks" If your ISP tries to ban it, just route around them. We can do IP protocol over mail, with Pidgeon carriers, WISP (wireless internet service providers) internet over radio, internet over satellite any method you can think of to communicate, you can do internet with it and therefore, you can do Bitcoin with it.
The wood frog can hold it's pee for up to eight months.
I had an experience like that while taking a philosophy class in high school. We were writing up our personal philosophies while reading different thinkers.
I had just written a page or two about the relationship between material well-being and happiness, after starting one of the Dalai Lama's books. Literally the next pages I read of his book were almost word-for-word what I had written.
It was incredibly weird.
In all likelihood I wouldn't still share those views, but that memory will always stand out to me.
People's beliefs about the value of inscriptions are literally the entire point of inscriptions. Part of what's wrapped up in those beliefs is the "possession" of what is scarce. The value is not in spite of the outrage over wastefulness, it is a reflection of it.
DM me on nostr if you need any help:
npub16x07c4qz05yhqe2gy2q2u9ax359d2lc0tsh6wn3y70dmk8nv2j2s96s89d
I would be interested to see what your problem is, haha
We have gh issue for it ... https://github.com/stackernews/stacker.news/issues/266
I think there is something approaching telepathy that comes after the chemical reaction. It's not magic, though, and a programmer like yourself might appreciate it.
The chemical reaction is what gets us to seek out the other person's company and feel a fondness for them. That proximity and care leads us to want to understand them.
I believe our brains create a literal simulation of our partner's mind that overtime converges towards their actual thought processes. In that way, we are feeling and thinking what they're feeling and thinking, and vice versa.