Matthew R. Kratter #BIP-110

I am not active on Instagram, Facebook, or TikTok. Those are scammer accounts. Please beware of impersonators on Twitter/X as well - I will never DM you on social media to offer you an investment opportunity.

@TheBoozles @InQuisitive138 @ShamusDuJustice @elkrun21 Tricky part for newbs like me has been the VPS

@InQuisitive138 @ShamusDuJustice @elkrun21 @mattkratter This should become easier as the marketplaces grow. Hang in there.

Just rented 2 PH for 2 weeks on Braiins and pointed it to Matt's friend's node mentioned in the video. It was easy to do. Saw it on OCEAN almost immediately. I'll provide an update at the end of the two weeks. So just like that I'm now mining 2,000X what I was doing on my tiny 1TH BitAxe (abeit, on a "trusted" node as an interim solution until I can get my setup figured out). The only glitch I ran across was that for some reason, Braiins wouldn't let me Create a bid when using Safari. The Create button was grayed out. It worked fine using Chrome though. This really is a game changer. Even if it's at a nominal loss it's worth it to help keep the network decentralized (and signal for BIP-110). I'm doing this in the interim until I can figure out how to get my Start9 node connected to Braiins. It's behind Starlink, which uses CGNAT, which prevents port forwarding. I have the Starlink router in bypass mode connected to a WiFi mesh router, but it still doesn't work even with the router configured for port forwarding. Starlink's CGNAT still prevents it. It think Start Tunnel is the answer but I couldn't get it configured correctly. Will probably just wait until Start9 v4 is fully released and give it another go. Matt, thanks for sharing the info. Gotta say, all the support behind Knots, BIP-110 and now hash renting is very encouraging.

Bitcoin mining was designed to NOT be profitable by Satoshi himself: every time it starts getting profitable, the difficulty adjustment kicks in and makes it more difficult to mine. Satoshi wanted to avoid the problem of seigniorage. So Bitcoin mining at the global level over long periods of time will not be profitable. You might be able to mine profitably for shorter periods of time if you get lucky, but in the long term, expect to break even or lose money

I’m a maxi, run Knots/110, and just now hearing about this rent hash concept. But I have to be honest. My first reaction is, I thought mining was for profit? Like a business. This sounds like donation for the good of the network. Why is it I’m getting back 95-99% and not 101-105% Seems unsustainable, giving away money. Just my first (low-agreeableness) reaction. But I want to know/understand more. How this makes sense? What am I missing? Is my attitude off? Am I confused about mining in general? I care about Bitcoin, the network and decentralization. Just not sure I understand this yet.

Bitcoin Hashrate as a Service (HaaS)

@InQuisitive138 @elkrun21 Debian 13 should work on Digital Ocean for hosting StartTunnel. Is your Start9 server upgraded to 0.4.0? I think I'm close to having everything set up correctly, and will be sharing in a video soon. Would love to hear your experience

I spent 6 hours trying to connect my Start9 to the Start Tunnel I created as per the rentsomehash.com guide for StartOS. Got a Debian 12 “droplet” from DigitalOcean.com for a VPS. I had to destroy the Debian 13 one I initially created because it failed to work. Matt mentioned something about needing the next Start9OS upgrade before the connection to Start Tunnel will work. In the meantime I’m mining through Matt’s friends DATUM to support BIP-110.

My latest opinion article for @EuropeanBTC21 is ready. The worst problems posed by quantum computing can be mitigated effectively: we only need to temporarily sacrifice Replace By Fee. europeanbitcoiners.com/bip-369-or-how…

If you don't run a node, you aren't a miner. You're just selling hash to a Bitcoin miner. There's ambiguity around a lot of the terms in this space but this is a hill worth dying on. *Miners use their own node to make their own block templates* This is as non-negotiable for me as "not your keys not your coins".

Evil Wizard Wants To Rob Satoshi?

Ya está disponible la intervención de @oomahq sobre el BIP-110 en nuestro último meetup. Una buena oportunidad para analizar los detalles técnicos de esta propuesta y sus implicaciones para el funcionamiento de la red. Puedes verlo aquí: youtu.be/eYXBNkTVcYE #bitcoin

@gtcstorm40 x.com/BITCOINALLCAPS…

@mattkratter we need a category worse than shitcoin, like diarrhea coiner or vomitcoiner?

David Bailey the shitcoiner

@AssetJunkie @LawrenceLepard Yes, big collapse in Treasury prices and spike up in yield like March 2020 or Aug 2019 repo crisis

@LawrenceLepard @mattkratter Expect a big collapse first though right?

Paulson doing this at this moment is a huge clue. Think about it. He has been silent for years. Now he comes out and foams the runway for some grand plan to do YCC. Coincidence? I don't think so, this cements my belief that they are cooking up a Big Print plan. Bessent and Warsh probably put him up to this. Fascinating stuff. A major trial balloon. @SimonDixonTwitt @LukeGromen

How it started: "Lol only 0.2% of hashrate is available for rent, you can't possibly rent enough to punch this through" How it's going: Due to unprecedented demand, hashrate markets are expanding the amount of hashrate available for rent

Hard to watch. After a ~99% drop, instead of taking accountability and improving, the CEO keeps emphasizing he’s inexperienced and new to the public market, and calling himself “psycho” while dismissing criticism as “drama” and laughing it off. That comes across as disrespect and a tendency to shift blame onto investors. The underlying message feels like: if the share price drops, it’s your fault for buying shares when the CEO has repeatedly said he’s inexperienced, “psycho “ ect..

I custody my own Bitcoin. I run my own @BitcoinKnots node. I use DATUM to pool mine while building my own blocks. I own 100 TH/s of mining at home. I currently employ 4PH/s of miners to direct their hash to my node. The future of Bitcoin pleb mining is a combination of personally owned miners and hired hashrate. Make sure you have hashrate at home that fits within your circumstances. Also make sure to mobilize industrial levels of hashrate by hiring hashers in a sustainable way.

I’m seeing in the hashrate rentals movement the same thing I saw with node runners switching away from Core. Node runners empowering themselves. And it’s beautiful. Your node matters, the hashrate you have/rent matters, the decision you take matters.

200 Ph/s guy 👇

A friend of mine who only lurks X has written a blog post about his first experiences renting hashrate for his DATUM gateway. I think a lot of you would find this interesting, so I asked him for permission to share it more widely: pablohere.contrapeso.xyz/writings/my-fi…

This is the dream...streaming sats via Lightning to your hasher who submits PoW back to you.

@DespotMini86110 @allenf32 Greg Maxwell is not stupid, but he believes that mining node centralization is a permanent feature of the network and all his reasoning flows from that presupposition. DATUM solved mining node centralization, but information does not propagate instantly. x.com/oomahq/status/…

@MaxYield100 Yes, that's very generous of you. My friend provided me with this: bc1qxau7v6c0lj983yk3khtwgut9fzw8cz56xsm66z

@mattkratter any way we can throw some sats to your friend as a token thank you for providing their server up? A number of us have been utilizing it for our own testing as you're no doubt aware.