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Bitcoin – BTC Bitcoin and The Culture War | Episode 254 Foreign Foreign two Mike test one two Hello and welcome everybody the crypto mining show your One Stop Shop for all cryptocurrency news from the perspective of a cryptocurrency miner today we’re going to be talking about the culture War as it is brewing surrounding Bitcoin yeah we’re gonna get a little political today so if you don’t Want to hear it then I understand and we’ll see you guys a little later on in the show we’re going to start off with that topic so we can move on from there this is definitely surrounding desantis’s Bitcoin statements as far as the Republican party is concerned and then the environmental issues Surrounding Bitcoin these are pretty much the the sticking points between the parties and so when we are discussing this it’s important to go ahead and point out you know individuals within the party’s belief systems surrounding cryptocurrency Mining and so on we’re also going to be talking about nvidia’s Blockbuster Outlook reminding Bitcoin Miners to give AI a look this is something that you do want to take into consideration especially as a GPU Miner we’re also going to be talking about how hot bit exchange closing down the cyber security firm claiming it hacked a seed phrase from a Tresor wallet and a whole Bunch of news on Caspa some new coins that have been released some new gpus that have been released some GPU price cuts and some new Bitcoin Miners and other Asics that have been released as well as of course all of the good stuff from new minor releases profitability And so on thanks everybody for tuning in let’s go ahead and start things off with an ad today’s sponsor is BT miners BT miners has been a long time sponsor of the channel and a proven reliable source for Asic miners if you’re looking to purchase Asics Hardware from Bitcoin to Dogecoin miners they are available for purchase on bt-liners.com BT miners is a trusted Source by both asiccminervalue.com and cryptominer.com follow the affiliate Link in the description and tell them so sent you to support the channel hey and welcome back ladies and gentlemen so to start things off let’s Go ahead and deep dive straight into this DeSantis says quote Bitcoin represents a threat to the current regime Florida’s governor and the Republican party’s latest leadership candidate talked crypto and Central Bank digital currencies in a Twitter space with Elon Musk in the latest or the latest Contender for the leadership of the Republican Party said he is an advocate for crypto quote the current regime clearly has it out for Bitcoin end quote Ron DeSantis said during a Twitter space with Elon Musk and venture capitalist David sax in which he officially announced his bid for U.S president quote and if it continues for another four years they’ll Probably end up killing it end quote DeSantis said he views crypto as a question of civil liberties now here’s the thing real quick before we get into this if we are talking specifically about presidential candidates from both parties we have to take into consideration that it doesn’t look like Trump is friendly to cryptocurrency and as opposed to that of course on the Democrat side it doesn’t seem like the Biden Administration has been friendly towards crypto mining I either or crypto in general so there is Kennedy on the Democrat side there is DeSantis on the Republican side and you go ahead and Take a look at both of their platforms what they think and so on and then make your educated decision from there and I I mean I’m a single issue voter for the most part I’m going to look at what they what their stance is on cryptocurrency Because I do believe like he says here that it is a question of civil liberty as Florida’s governor he signed legislation prohibiting the use of Central Bank digital currencies with the state although some lawyers question if the law or question if the law does what It says quote I just do not have the itch to have to control everything that people may be doing in this space end quote he said Bitcoin represents a threat to them they’re trying to regulate it out of existence now we’ve talked about this a ton in the past if We reference things like software and so on there there are technically legitimate concerns surrounding the power of the US dollar as a reserve currency and the adoption of cryptocurrency in general so to pretend that cryptocurrency does not delegitimize the US dollar as a reserve currency would be a Miss we have to Understand that this is part of that digital transformation the fear of course I think coming from the the fundamental Bitcoin side of things is going to surround more along the along the control and the Financial Freedom given to the people as opposed to what we could see moving into something like A central bank digital currency which removes a lot of freedoms that we even still have surrounding of course the US dollars so I you know it is it is a little bit of a a touchy situation if you are a U.S resident you’re used to the the world economy being driven by The US dollar and reaping the rewards of that in particular now outside of the U.S there are of course Partnerships and depending on your geographical location the US dollar being the primary Reserve currency could be a benefit or a disadvantage to you just depending on where you’re at the the situation though Is going to be pretty bumpy if I had to take a bet on that during the interview DeSantis insisted on Congressional authorization for a cbdc vowing to avoid it during his potential presidency due to concerns over its potential misuse to influence politically unfavorable purchases some have argued however that cbdc’s enshrine Constitutional protection over commerce giving these unfavorable purchases or Merchants such as someone buying ammunition or ammunition or a pornographer selling their Creations a defense against unbanking that can’t be used when dealing with a private company regardless cbdc’s might be the newest wedge issue in U.S politics in a recent Interview with coindesk Samuel arms president of the Florida blockchain Business Association which helped draft the sentences anti-cbdc Bill said that desantis’s office has gotten more phone calls about cbdc’s than any of the usual issues a recent poll from quinnipac Quinnipiac University shows that DeSantis still Trails former president Donald Trump among Republican And Republican leaning voters with 56 percent supporting Trump followed by 25 percent for DeSantis now this is something to pay close attention to if we look at the polls on the Democrat side they’re even completely dropping Kennedy uh from those polls so and as you guys know polls can be manipulated Etc Is this an accurate representation of Voters hard to tell let me know what you guys think in the comment section below do you think it is this Stark of a difference of support for Trump over DeSantis at this point DeSantis isn’t the first Republican candidate to mention Bitcoin former Pharma Entrepreneur and long shot Contender viac ram ram is why me golly I can’t do that one I’m sorry said on stage at Bitcoin 2023 in Miami that the next election should be a referendum of fiat currency and also has come out against cbdc’s with a he double hockey sticks no Now I do appreciate this as well here’s another question are we going to be Pro CBD or well Pro cryptocurrency Bitcoin and if that goes away is the fighting Point going to be Pro cbdc versus keep the Fiat system as it currently is right and I think those will be discussions That can happen too even within you know anti-cryptocurrency legislation versus anti-cbdc’s Legend installation which are two very different things that could swing you know across party lines for the anti-cbdc portion of things that being said it does feel like there is a culture War brewing and that is Surrounding Bitcoin this is an opinion piece by coindesk and so let’s go ahead and get into it and see what they are referencing here it does say that this week coin death publish one of the most thought-provoking and balanced articles on Bitcoin mining I’ve ever read we’ve Gone over a lot of these it is going to highlight some of this and it’s surrounding the report that was focused on Green Ridge Bitcoin mining company in Upstate New York which was the center of a protracted media cycle last year after environmental activists claimed the facility was boiling the waterways and Position and poisoning delicate ecosystems those claims went on to influence an actual policy decision by Governor Kathy hochel restricting Bitcoin mining in the state the thing is most of the worst claims about Green Ridge were straight up wrong coindesk’s Nick D enduring Wang and Cheyenne ligan Took a trip to Dresden in Upstate New York to take the temperature of the lake and speak to locals finding that not a single lawmaker visited the Rust Belt town or spoke to its mayor before drafting what essentially was a freeze on bitcoin miners most of the Bitcoin mining debate today Has centered around the Bitcoin Network’s environmental impact Green Ridge became a lightning rod because before the company moved equipment into the plant that now uses natural gas it was deactivated meaning when miners turned on or were turned on they weren’t just drawing on electricity that would have been produced anyway but actively Releasing fresh carbon into the atmosphere the Bitcoin Network uses as much energy as a country like Norway and trying to wrap your head around weather that is or isn’t worth it often comes down to your point of view on how you value permissionless money and of course all of the guys are going To Echo you know the Bitcoin maximalist cryptocurrency supporters for proof of work in the comment section below as well as in the live chat we’ll point out that the current traditional Financial system with all of its servers in the banking system and so on is using just As much if not more energy as Bitcoin is right now individuals can certainly make up their minds on the matter but how a state should treat Bitcoin for instance whether mining should be encouraged or banned is the societal level conversation involving politicians stakeholders and those affected as I’ve Said before a lot of this is going to come down to states rights not dissimilar from marijuana or gun laws right I think you’ll see different states adopt different policies surrounding cryptocurrencies and there will be an advantage to being a citizen of one state over another in the within The United States to reap the rewards of benefit official cryptocurrency policy and legislation at the state level and putting in blocks of course to anti or to cbdc’s in places like Florida is going to be enticing to a certain portion of the population in a behind The scenes account of how the story came to be they wrote that he expected locals to hate the plant he and his team had heard that Green Ridge was pumping pollution into Seneca lake and creating incessant noise a claim that was also debunked instead these team found that many in the town And surrounding area supported the upstart business although Green Ridge created a relatively small number every job counts in a town like Dresden population 296.I mean that is pretty incredible if you basically hire three people then you have just you know increased the job market by 10 percent there I mean that’s Pretty good or employment by 10 right in fact the few complaints about Green Ridge lodged by locals came from so-called cottage people the wealthy out-of-towners with vacation homes on the Lake Shore sure as taxpayers these people have a right to be concerned about their property value but should Their opinion matter more oh it goes back I mean this is crazy it goes back to that argument of the the haves versus the have-nots and they have not so pressing or in the Habs so pressing the have-nots and and stripping away jobs for them because they are worried about Their property value it’s actually kind of ridiculous if you think about it because the party alignment would make you think that it was opposite of this but you know it is what it is and here layeth did not beyond all the other intraceable uh debates about Bitcoin Mining lies a class conflict you all know the story Bitcoin was born during the great financial crisis a tool that allowed anyone to access a semi-private electronic cash system where the money supply would always be verifiable a total rebuke of banking and the Federal Reserve over time the narrative has gotten a Little more complicated especially as some of bitcoin’s biggest supporters have become entrenched Elites themselves essentially for making a few good trades a decade ago there are now a lot of white-collar jobs based around analyzing bitcoin’s price performance and lobbying for newfangled investment vehicles derived from Bitcoin and this actually Does make me think about that movie Ready Player one right where you kind of have this oppressed people within a virtual world fighting for virtual currencies and products and goods while is being controlled by the elite that still have fun in the regular world right because they have enough money to Do that while you force everybody else into a different position is that what could happen with Bitcoin in the future maybe maybe not right it depends on how this control goes down because at the end of the day Bitcoin is limited so there is a bit of a trojan horse factor Meaning that if you have the wealthy at least investing in Bitcoin they are still driving the price up for the less wealth theme and there will not be the potential for the wealthy to benefit from the printing of additional currency meaning that you kind of level the playing field to a certain extent Bitcoin mining 2 has gone from something you could do on your home computer to becoming a highly Capital intensive industry requiring the purchase of hundreds or thousands of specialized computers that Drew electricity 24 7.if you want to compete on any meaningful scale I mean to be fair the competition Is more about efficiency and less about like total amount but I understand what the point is right Bitcoin Maya so but the proof of work algorithm that makes Bitcoin also tethers It To The Ground these Investments are being made in real communities Greenridge for instance has hired unionized electricians and created Dozens of short-term construction jobs the company has made a number of improvements into Dresden including fixing up a children’s playground and other beautification efforts not all facilities operate their own converted coal plant like a Green Ridge requiring as much labor but many do create opportunities for people where where Opportunity doesn’t always come a knocking if green rich is in any indication the real conversations we we could be having around Bitcoin mining and class will be increasingly consumed by another conflict the culture war I’ve said for a while perhaps being too reductionist that Bitcoin is going to Become a red blue issue in the U.S with Republicans increasingly endorsing it and Democrats disavowing although the network itself will likely always remain credibly neutral the way we think about it and politicize it will follow along predictable lines many topics have traveled thus before climate change became a wedge issue in American Politics for example it was relatively non-partisan issue that many politicians agreed on the need to do something about just yesterday Florida Governor Ron DeSantis spoke about bitcoin’s threat to the current regime in an announcement event for his 2024 presidential campaign although modeling himself as a populist DeSantis has the early support of money Technologists like Elon Musk and fellow PayPal Mafia member David Sachs DeSantis is probably most well known nationally for what’s been termed the don’t say gay Bill and a fight with Disney which of course if you guys want to get into all of that feel free I’m a single issue Voter here for cryptocurrency you can go jump to the Tim cast or one of those if you want to hop into the don’t say gay Bill and all of that something tells me desantis’s pledge to protect Bitcoin is as performative as his ban on Central Bank digital currency In Florida before the FED had even decided whether it’s worth fully studying a digital dollar but it’s still it it’ll still be enough to color some people’s impressions of crypto furthering the type of political feedback loop that enable enabled environmentalist to lie about green ridge’s ecological footprint and the Democratic government in New York to buy it whole cloth as my colleague Nick D said a conversation doesn’t include the people most directly impacted can lead to wonky outcomes when the only two political parties of consequence are Shadow Boxing about fake Internet money the only people who can get a word in edgewise Probably own a vacation home and that is really what it comes down to right once again it’s the vacation homes that are anti and the people that are actually benefiting from cryptocurrency is going to be the lower income in general so pay attention to this as this plays out if It turns into this kind of you know Blue Collar versus white collar topic then things get extremely interesting and if we do get into a culture War surrounding it everything will not be what it seems as it already does appear to already be happening for example right if we talk About this the entire report that was initially presented to the public surrounding this mining Farm in Green Ridge was that it was polluting which was found to not be true that it was causing noise pollution which was found to not be true and that it was a a Nuisance to the population that lived there which turned out not to be true and so it fell along ideological lines and it didn’t fall along the lines of what was actually happening right and that is what I would think you want to take away regardless of your political position on The remaining aspects of the political parties but be careful like I said as far as Trump is concerned which is way ahead of DeSantis at this point I would not bet that he is pro Bitcoin at least from the previous talks that I have listened to from him so Both sides are going to have people that are pro and people that are anti and paying attention to that is going to be what I encourage you to do and then make the best decision that you can from there let’s go ahead and get on to ingredientia and AI nvidia’s Blockbuster Outlook reminds Bitcoin miners to give AI a look some Bitcoin miners find non-mining AI applications too tantalizing to pass up Nvidia gave an extremely Rosy Financial forecast as the trip maker benefits from surging demand for Hardware to power artificial intelligence Revolution ushered in by the likes of chat GPT it Was the talk of Wall Street on Thursday as nvidia’s stock price soared for Bitcoin miners it’s a reminder that they already have the expertise in data center space to join in and run AI applications well not really right this is an interesting one to discuss as well Because if we talk about Bitcoin mining it has all moved A6 so who are the benefit of beneficiaries of this particular AI movement it would be GPU miners however not GN not just any GPU miners but GPU miners that have built themselves something that can handle the kind of processing that is needed Meaning you are looking at addition PCI e-lanes you are looking at additional bandwidth you’re looking at additional CPU power so a lot of GPU forms will have to make a transition which we have seen of course in the past as we’ve talked about Washington State before Where we saw a transition for one of the larger GPU Farms moving over to being classified as a Data Center and repurposing that equipment for AI and the likes of and that was probably a pretty good move but what does that mean for the at-home GPU Miner well it means A pretty Stark difference in the ability to participate from a financial front actually to the point to where it may be cheaper and more profitable to purchase Asic miners than it would be to actually upgrade your GPU miners to something that could support Ai and that’s something that will have to be taken Into consideration as we move forward talking about GPU mining because if we are going to need to get massive epic servers with all the pcie lanes and really shift over into smaller form factor data center gpus like the a5000s a4000s A2000 that sort of thing then you Aren’t going to be repurposing RTX 3070s necessarily for this transition into AI there are ties of course with AI that are going into cryptocurrency as well so the opportunity isn’t just moving into AI as a whole but being able to mine cryptocurrencies that are integrated with AI more commonly known as we move Forward as proof of useful work in that particular case not all proof of use of useful work is equal either we basically have three different things that are going on within proof of useful work one being of course AI but two being solvers and three being cloud gaming and Cloud Processing so there’s a lot going on within proof of useful work and you don’t want to plug in flux versus Dynex versus Pepe coin AI versus whatever right these are all going to have different places within the market based off of what they are able to accomplish And what their actual needed purpose is so let’s go ahead and see what they’re talking about though I don’t see Bitcoin miners making this transition personally is why I point all of this out plus since we’re a GPU mining Channel and started that way it’s important to Understand where the shift is moving for Bitcoin miners it’s a reminder that all that they already have the expertise in data center space to join and run AI applications right sort of the the other thing is like if you are a Bitcoin miner that’s deployed um containerized Setups and this isn’t this doesn’t apply right quote the overwhelmingly positive Market reaction to nvidia’s news will incentivize more mining companies to follow suit making announcements of their own and allocating more of their power capacity to other forms of compute said Ethan Vera Chief Operating Officer at mining Services firm Luxor Technologies Vera noted that or noted the Wednesday announcement that applied digital apld is working with data center design firm super micro who does a lot of white box servers by the way on its AI Cloud offering applied digital is one of the handful of miners that have had Their eyes on diversifying their data center space into their or into other areas of computing for a while along with Piers Hut 8 Mining and high 5 blockchain miners will see better margins in AI than mining said alpha or applied digital CEO and chairman Wes Cummins at least before another Bull Run In the price of Bitcoin of course to be clear here had a And Hive have been focused on GPU Mining and we were aware and we talked about their transition obviously a move that has been paying off or that will pay off for them through the bear market and probably More than likely into the bull run because once we move into the Bull Run what’s the Hot Topic still going to be AI is that AI integrated into a proof of useful work coin is that the coin that pumps who’s to say for sure for certain But that is the path of preparation as a GPU Miner that I am personally looking at because I would want to be prepared for that option of being able to participate on proof of useful networks and not be caught behind the the eight ball here right however the transition might not be a Straight line high performance Computing such as Ai and Cloud applications quote requires a different level of infrastructure build end quote than Bitcoin mining Vera said firms will have to hire Engineers to plan their sites differently and sales staff to sign up clients he said now that’s where the cryptocurrency and decentralized Form of this comes into play right it comes into play when we’re talking about removing the need to have sales to sign up clients if you decentralize the AI processing then you remove the need for a sales staff okay it’s not a straightforward process for a minor to repurpose their miners for AI Compute latency compliance cooling environmental factors humidity and dust and power redundancy all need to be factored in when upgrading a site and this is another thing that we have to discuss a very good point which is redundancy in a traditional mining Farm you are running everything all the time But if you are going to be running AI applications there has to be some sort of failover yes decentralization can solve this but in traditional AI with traditional data center infrastructure for every one GPU you need another GPU for every one CPU you need another CPU And that needs to be on backup at all times so that you fail over those jobs this is how you have that infrastructure built out for redundancy in addition to that for every UPS you need another ups for every internet connection and you need another internet connection all of This stuff will basically increase the cost to participate within AI from a GPU standpoint right the cost to build a data center in North Dakota that meets the standards of the AI industry was 10 times higher than mining said Cummins sharing his experience even though most minors are Not likely to repurpose their facilities for AI there are some miners who have always had more diverse approach to their business operation with high performance compute or Edge compute services in addition to Bitcoin mining with the rapid growth of AI these companies May accelerate the development of those business lines said jury or Yeah Yuri bolovic head of mining at Foundry digital which like coindesk is owned by digital currency Group which they have to announce of course I’m glad they always give us that information meanwhile nvidia’s forecast is lifting AI linked crypto tokens including Singularity net which climbed about 13 On Friday fetchai Ai and render are up more than five percent in the past 24 hours according to coin gecko so let me know what you guys are thinking as far as your at-home GPU mining are you considering moving into AI or prepping for proof of useful work are these the Types of things you’re looking into or are are you going to just hope that you have the GPU mining Market remain the same as it was previous bull run the the failure to adapt is something that does uh scare me a little bit personally so I am looking at adapting uh from my Perspective on the GPU mining front but I’d like to hear your thoughts and opinions in the live stream chat as well as the comment section below later on down the line now we had a pretty large exchange closure that we did talk about last week just to mention uh actually Earlier in the week when we were talking about Casper in particular and some of the reasons for the reduction in the price before of course now this is this bull run that we just saw or not bull run but this increase in price right this nice little uptick with in Casper Before that and this could have definitely influenced it but why what else has this influenced and why did this happen let’s go ahead and see if we can figure it out hotbed exchange halts operations and urges users to withdraw their funds hot bits said decentralized exchanges are becoming more cumbersome And highlighted that it is quote unlikely to meet long-term trends end quote ooh is this a bad thing or is this a good thing right when we start talking about wanting to fall back into the fundamentals of cryptocurrency do we want to see failures of centralized Entities or how much longer do we need centralized entities I suppose is the question because the the question that I have is how much longer are we participating within the traditional Financial system needing a central centralized exchange to participate and move funds back and forth between in an announcement The Exchange said That its operating conditions have deteriorated since a former member of its team was subjected to an investigation in August of 2022 according to the exchange the probe forced it to stop its business for weeks in addition hotbit also cited various incidents within the crypto space as contributors to its decline The Exchange Cited the FTX collapse and the banking crisis that caused the U.S decoin the pegging event as reasons for its deteriorating cash flow hoppit said that the incidents resulted in a continuous outflow of funds from centralized exchanges which this is interesting because if we talk about crypto Twitter and the encouragement that surrounds That everybody is encouraged to outflow and pull off a centralized exchanges so this isn’t necessarily surprising especially as people lose trust in the banking system as well as if you lose trust in the banking system especially the banks that have been failing tied to cryptocurrency specifically cryptocurrency exchanges then you lose Thereby lose trust in centralized exchanges and to protect your money you pull out this actually kind of snowballs the effect on the centralized exchanges and the banks that are pro crypto which does bring up a question of was this the right move for cryptocurrency should this have been delayed or tried To be pushed off a little bit further so that there are still good inlets and outlets for cryptocurrency from the Fiat system I don’t know it’s kind of an interesting topic though the exchange also blamed the repeated cyber attacks and the exploitation of quote project defects by Malicious users end quote as reasons for its downfall as the announcement came several members of the community reported that they were unable to withdraw their funds from the exchange some also warned community members of phishing links and that pretend to be the official hot hotbit exchange On Google while hotbit is taking its bow other exchanges are carrying on while some long or with some launching campaigns to fix the issues in the crypto industry crypto exchange coinbase recently published a campaign to update the system okay X took it a further step and it wants to rewrite the system Entirely now rewriting the system and and and fixing the system or updating the system doesn’t really necessarily work though and and that’s the that is the overarching top-down problem with cryptocurrency that if you are a supporter of Bitcoin crypto in general you think this is the future you have to Realize that the reality of that is a certain amount of economic pain for that to come to fruition and that is just going to be the case and there’s no really way around it right um I’d like to say that you could have a a completely painless transition from One system to the other but historically that’s never been true that wasn’t true with the Agricultural Revolution that wasn’t true with the Industrial Revolution people suffered in all of these things and so that will happen again with something as as as impactful as cryptocurrency could be And so it it’s kind of like you have to go through the fire to reap the rewards you know cyber security firm claims it hacked seed phrase from a trays or t wallet in possession now of course I tweeted and said well that’s convenient timing because right before this Ledger stuck Its foot in its mouth and tried to basically well and they didn’t they didn’t try they they were going to release something that that sounded suspicious that would give access to your of your funds to potentially the government and then they basically stuck their foot in their mouth right after That and were like oh we’ve always had that capability if we really wanted to we just don’t because we’re nice guys okay and then boom this happens right unciphered a cyber security firm claims to have hacked into the popular Tresor T model Hardware crypto wallet manufactured by Satoshi Labs the firm Showcased in a video the extraction of the wallet seed phrase exploiting a hardware vulnerability that requires physical possession of the device advice now these Hardware vulnerabilities in Tresor have actually been around for quite some time they were supposed to have solved them with the newer models all of this comes into Question if you know is is that has that vulnerability just persisted throughout that time or was it fixed in a new vulnerability was found we can read more to kind of figure out a little bit about that but you know best advice if you have a Tresor is keep it locked away and Keep it safe and don’t let it fall into the hands of any other individuals the problem I suppose if you actually got into like the court system or something along those lines or if it was confiscated then there is the ability for you know that to get extracted off But that’s a completely different topic cyber security startup on cypherd claims it wasn’t or it was able to hack into the popular Tresor T model Hardware crypto wallet manufactured by Satoshi labs in a YouTube demonstration unciphered so showcase the apparent extraction of the wallet’s mnemonic seed phrase or private key exploiting a Hardware vulnerability that relies on physical possession of the device this is not the first time uncipherit has seemingly managed to retrieve seed phrases from Hardware wallets in February the company demonstrated a similar hack on a wallet manufactured by Hong Kong based one key Hardware wallets which store private Keys offline and are designed to protect crypto assets are generally considered highly secure unciphered said however that the Hardware security mechanisms of the Tresor T model can be theoretically bypassed if a hacker had a t wallet in possession the type of exploit this depicted by unciphered would only be feasible if the Attacker had physical access to the hardware wallet in the video the unciphered team said it developed an in-house exploit that allowed them to extract the wallet’s firmware Eric Michaud co-founder of unciphered claimed that by leveraging specialized GPU chips they were eventually able to crack the device’s pin seed phrase quote we Uploaded the firmware we extracted onto our high performance Computing cracking clusters end quote mashad explained in the video we have about 10 gpus and after some time we extracted the keys mashad further claimed that fixing this exploit for Tresor would be or would require a recall of all their products Tresor did respond and acknowledge that uncipher’s demonstration had similar similarities with the Reed protection downgrade RDP vulnerability discovered by Kraken security Labs researchers that affected both the Tresor 1 and Tresor Model T this implies that the vulnerability is not new of course I talked about this earlier and I thought It wasn’t a new one this appears to be a vulnerability called an RDP downgrade attack in his community has communicated on our blog in early 2020 which we did Cover way back then RDP downgrade attacks require physical theft of a device in extremely sophisticated technological knowledge and Advanced Equipment end quote tresor’s T Chief technology officer Tomas said quote even with the above tresors can be protected by a strong passphrase which adds another layer of security that renders an RDP downgrade useless Tresor added that it has taken significant steps to resolve the issue in the future by Developing a new secure element for Hardware wallets with its sister firm Tropic Square now of course at any time we could also just say at the end of the day that if they tried to force an automatic update or something they fall to the same vulnerability that the Ledgers do and so I think that if we discuss in my humble opinion the most secure way to store a crypto it’s still going to fall back to like that paper wallet format right generating one offline going ahead and utilizing that and that’s going to be the safest manner Moving forward and really even always still has been there are you know your intermediary steps there are other Hardware wallet options the thing is is like when you buy these Hardware wallets you are trusting a company with your crypto at the end of the day right so you have that third Party element albeit you know not to the extent of like the banking system but still you you’re putting your trust into a company that you really necessarily can’t that fully right and this can cause a lot of danger there are of course the options of utilizing as well USB drives and encrypting those I’ve covered on how to do that in a bunch of my how to mine videos so you can definitely check that out as a GPU Miner that mines a ton of coins it’s not really outside of our wheel houses on this particular channel to be completely Familiar with these processes and not utilize from the very get-go the major Hardware wallets that store the major cryptocurrencies because in fact they just don’t support the cryptocurrencies that we are primarily participating within so kudos to you your coin mining has taught you to keep your crypto more secure there you go speaking Of alt currencies Casper community and the exploration of smart contracts the big this is this is a weird one for me because I do not personally think that the value of Caspa is reduced by the lack of smart contracts Caspa like I’ve talked about in the past it’s it’s Use case is transactional its benefit is going to follow along the lines of blocks per second right it doesn’t have to have a smart contract layer in my humble opinion that being said when you talk to the rest of the community on crypto Twitter it appears to be an issue that a Lot of people bring up as an attack towards Casper now most of this seems to come between of course all of the arguments between the kadena supporters and the Caspa supporters which okay I get it that’s gonna happen I don’t know necessarily that the development distraction needs to go to that not Saying that this is actually what’s happening but let’s go ahead and see it is possible for smart contracts to be on Caspa uh what will be the question of course is how fast how soon and does it affect development of Casper on in other Realms right so Casper is evaluating the Adoption of smart contracts with the technology known as Roll-Ups designed to improve the speed and efficiency of blockchain transactions this involves two potential paths each with its own implications and challenges now coming from hashtag on Discord here’s the details we should use rollups Tech two possible integration Concepts Casper native SC sequencing and Settlement done on Caz requiring forking and adapting a code base in Rust of one of the leading Ru projects now I suppose if you’re going to Fork which for rust there is a potential benefit to adding this in as part of that so you’re not forking all the time because that’s just A forking pain you know what I mean especially for node Runners right Pros native Cass implementation Khan’s major consensus change and heavier lifting on adoption candidate is matter Labs ZK sync and then number two is Caspa as sequencing layer settlement done on ethereum or on eth requires a modular Ru Code base that supports switching the sequencing layer from eth to another Pros only minor cast consensus layer updates supporting blob carrying transactions and smoother adoption process cons life as an eth side chain main economic activity remains on each chain this makes Casper dependent on ethereum is basically what he’s saying Here and so personally I’d prefer the former to the latter I would like to hear your thoughts and opinions on this in particular do you think you know it should be as native sc’s or do you think it should be as sequencing layer or yeah sequencing layer as a sequencing layer right So though that’s pretty much it as far as this is concerned I lean towards you know going the hard Fork route not integrating with ethereum too strongly I mean because at the end of the day you adopt ethereum and you adopt you adopt all of ethereum’s issues right You adopt the the chain halts that have been going on the lack of finalization on the network that has happened here a few times you also deal with the fees potentially right especially transferring back and forth on that side chain you you could deal with that now If you have your you know if you go with option one and you integrate bridging over to ethereum it’s probably still the same user experience right as far as like you move over to ethereum you’re gonna have you’re gonna experience those types of things anyways I’d like to hear your Thoughts now we had a new coin come out sort of this is very weird so Pepe’s all over the place I got Pepe Pepe Pepe Pepe I don’t even know which Pepe or Pepe is the Pepe right we’ve talked about the real Pepe or the OG Pepe they’re Currently working on Pepe coin AI but then this comes out and it’s Pepe proof of work and it has basically confused a lot of people but also it’s extremely popular right now right here’s a couple things that a disclaimer about this one in particular is that um Chump change along with a partner which I retweeted I I should have pulled it up had found you know a few of the typical uh virus total reports on the Windows wallet and the Linux wallet and some of the applications it’s just important to note that type of thing you know I Always recommend utilizing separate VMS for each one of your wallets if possible the thing is is like if you have a wall like if you are utilizing a you know like a um let’s say uh well like radiant wallet would be I guess suppose a lot of the wallet Um applications are the same across the board and in some cases those wallet applications can have access to the data files of your other coins right and so if somebody wanted to be let’s say malicious they could inject some sort of rat tool into there and Then pull all of your dot dat files or whatever from other wallets because this application has access to it and then basically take the rest of your funds from other uh other wallets so this is kind of the concern surrounding it now there isn’t a lot going on here Um as far as like white papers Etc not a lot to be there and uh it does say the total Supply is 90 billion the algorithm Is MeMe hash the subsidity having interval is uh 129 600 blocks and it is three times you have the block time of 20 seconds and the block initial reward of essentially one I believe that’s one hundred thousand Pepe W says to be good to be true memes belong to the people and we’re bringing them to proof of work Fair launch no pre-mine in all Community Driven uh take all of this with a grain Of salt right and do your research but to be completely fair if we look at the profitability a lot of it is Pepe W right now so there is you know the option of if you’re just wanting to mine and gain profitability consider the fact that you could go Ahead and utilize something like an exchange wallet on ZX and go ahead and do that for now for the profitability there are some options surrounding this now I’m going to go ahead and use the restroom real quick because this is going to be a long show and I am Drinking a ton of water because I’m on a fast so enjoy the ad and I’ll be right back today’s sponsor is BT miners BT miners has been a long time sponsor of the channel and a proven reliable source for asig miners if you’re looking to purchase Asics Hardware from Bitcoin to Dogecoin miners they are available for purchase on bt-liners.com BT miners is a trusted Source by both asicminervalue.com and cryptominer.com follow the affiliate Link in the description and tell them so sent you to support the channel I got you boo it’s not black anymore we Got it back we got the we got it back we’re having uh it looks like okay there we go I think we are all solid and ready to go so that’s Pepe proof of work I’d like to hear your thoughts and opinions I’m not too Pepe about it personally Now we have some GPU launches that have gone on we have the 4060 TI which I’ll be working on over on locals.com later on tonight if you want to go over to sonofatech.locals.com the early testing will be over there we’ll be testing on this test bench provided that I get Everything functioning properly I was having some issues with Wi-Fi adapters as well as risers and so on I think I got it sorted we’ll do some testing we’ll get the power numbers we’ll get the hash rate numbers and all of that and then of course that will be wrapped Into a video later on for the channel um that being said one that I have not picked up yet was the 269 dollar RX 7600 rdna3 graphics card now this one’s really interesting because this one Falls in complete opposite line of what the 4060 TI did so what the 4060 TI did was reduce the amount of memory bandwidth right and then it increased its Cuda core count and then It sped up its memory and then that’s and then they added DLS s 3.0 to really compete or beat out of course the previous 3060 TI in this particular setup though uh Radeon really went the opposite direction and we can start to see that when we look at what’s happening now we got the new gddr6 so you got a high or more memory right and you have basically a higher core clock so compared to the RX 6600 it’s got you know it’s faster Right across the board core and memory but the advantage of the 6600 was that it was a very power efficient mining card and part of that was because of its power consumption if we scroll down here the biggest takeaway that I found is while we do get more bandwidth on the Memory at 288 gigabytes a second versus 224 gigabytes a second on the 6600 we end up with a power that is at 165 watts versus the 132 Watts that we had on the 6600 so it’s not necessarily going to be something that is more beneficial for mining than it is on the Oh as the 6600 in fact like I am cautiously doubtful that it will outperform the 6600 in most tasks that being said there is the potential for those core intensive algorithms to be more bet or more beneficial on the 7600 and the 6600 so there is that but you Know where are we really headed here in the future because it’s hard to say if that’s what a lot of these coins will be if most coins go core intensive of course from the GPU mining perspective the fact of the matter is is that they’re going to not Be Asic resistant so how much lifespan do you really have on any of the algorithms like Nexa proof of work like radiant you know Casper is the most recent example you know these types of things if if the focus is the core there’s not really a good Asic resistance or fpga resistance Which means you’re already kind of adding a disadvantage if you’re purchasing mining equipment or my gpus for mining focused on core heavy algorithms it is what it is that being said a GPU that is priced really really great and has a ton of memory bandwidth has had a Price cut now I’ve done the review on this it’s a fantastic card on Ergo and Intel slashes Arc a750 is already great price to just 199.Intel’s unbeatable deal just got even more unbeatable unbeatableer Intel Intel’s Arc discrete graphics cards aren’t unseating Nvidia or AMD for Pure Performance anytime soon but they Are some of the best gpus on the market in terms of value in fact the arc a750 is our pick for the best 1080p graphics card for Ray tracing and that was before a recent price drop initially 289 the a750 was permanently dropped to 250 a few months ago today it Looks like the card has another big price drop all the way down to 199.as videocars.com reports the new price comes from the official Intel store on NewEgg and it’s now been mirrored on the Best Buy online listing as well we’re talking about the official Intel reference card here cards from third-party manufacturers Haven’t seen the price drop yet though they’ll probably follow along soon enough it isn’t clear if this is another permanent price drop or a limited time promotion either way it’s the first time we’ve seen an arc a7000 or 700 series card drop it below the 200 price Threshold and if you’re in the market for a budget GPU it’s worth serious consideration Intel’s cards frequently outperform their Rivals at the same price point in terms of Pure Performance the a750 is around the same level as the RX 6600 now from a mining perspective the a750 on the memory intensive Algorithms I.E ethereum I.E Ergo this type of thing it’s on par with the RTX 3070 so you know the benefits of this is a low-cost brand new GPU that also gives gives you the warranty right as opposed to of course buying an RTX 3070 use so that’s something that you could consider Moving forward of course the downside for the 700 series is you do require resizable bars so from the GPU mining perspective once again you have that shift that additional requirement and cost because you will have to upgrade CPU and motherboard for this to actually mine and function properly in a lot of Cases check out my Intel mining rig build if you’re more Curious on those requirements the brand new RX 7600 is probably a better bet for those with a more budget flexible or for more a bit more budget flexibility at a retail price of 269 which might be why the a750 Is discounted right now but the rk750 is still a ridiculous deal if you’re short on cash and over due for a desktop GPU upgrade we don’t know how long the discount will last so get in on if you’re in the market that’s what the article said not not what I said but Here we go yeah Casper is pumping now the K9s not a Casper minor but we have a Desi Weimer or Desi we minor here a new minor release an announcement and apparently as official and I’ve gotten confirmation on these things actually existing really interesting you’ll notice here that we do have the Larger plug size so it’s going to take a ton of power right off the bat you can tell from looking at about 49.50 basically 5000 Watts power on the wall and 130 terahash let’s say 38 joules per Terra hash it doesn’t seem extremely competitive as far as you know Bitcoin Miners go if we do run that calculation out with 130 terahash at 49.50 Watts at 10 cents a kilowatt hour you have essentially a loss of 2.61 cents a day on profitability now a lot of the Bitcoin miners are staying profitable if we calculate out to like a Common hosting price at eight cents a kilowatt hour you’re still at a loss and you’re going to be between eight nine cents a kilowatt hour there but even if you have a your own farm and you’ve negotiated a good power deal and or you are a host yourself then things start to Get better at six cents a kilowatt hour at 223 a day in profit obviously big takeaway here is you can get away with less efficient equipment and increase the total amount of hash rate provided that you’ve negotiated a good power deal which is becoming more and more Difficult that being said the good news is we do have a new Miner that was announced by bitmain that will be profitable at least projected right now uh we’ll have to see you know what happens on release and as the difficulty of the network does come out but on Equihash here we have the zcash miner z15 Pro 840 kilo Solutions a second at 2650 watts in this particular case if we run that through a calculator a 140 kilohash a second at 2650 Watts at 10 cents a kilowatt hour it does become profitable at 2.75 a day after power Costs if we reduce that to the average hosting cost at eight cents a kilowatt hour you are in profit at four dollars and three cents after power of course these aren’t deployed to the network theoretically yet and as the difficulty increases this will come down finally if You run a form yourself and you know go associate a good power deal at six cents a kilowatt hour you are looking at five dollars and 30 cents a day in profitability afterwards so there’s all of the new hardware releases that has gone on so next we have the SRB minor multi-version Or multi SRB minor multi version 2.2.8 now this one’s extremely interesting because it is a requirement from Dynex to upgrade to of course you do have the option to also upgrade to the one Z minor which is extremely controversial now too as we’ll talk about here in a Second but this one in particular has added the algorithm meme hash so if you’re looking for that minor that mines Pepe proof of work coin here it is CPU and GPU mining fee is two percent on AMD Nvidia and Intel all supported minor Improvement for algorithm Dynex and dual Mining mode they fixed hash rate regression on Shaw 512 256d radiant algorithm for the r6600 gpus in the single mode the fixed algorithm Lira 2v2 webchain on Nvidia gpus broken in previous versions they fixed algorithm autolikos 2 and dual mining with radiant for some gpus broken in previous version They added some of accepted rejected hardware error shares to Stats and they added parameter disabled GPU dual kernels moving on from there we do have a new version of The rygel Miner version 1.4.8 which came out three days ago the minor performance improvements are for iron Fish and then on a lithium there are some performance improvements for specifically touring gpus and newer so not older ones like Pascal or something along those lines finally the most controversial one of the week is the one Z minor 1.1.3 for the last phrase here so significant hash rate increase on all Gpus sounds good right more than a hundred percent hash rate on 3000 Series gpus for example 3090 does 14k Ash a second with stock settings well hold on the hash rate increase of this release is not because of any actual Improvement huh it is simply because we are using single Precision doing math calculations up to seven decimals for simulating chips compared to double Precision up to 15 decimals that was used in the previous version double Precision is important for Dynex jobs especially for machine learning jobs and we will switch back to it in future releases meanwhile enjoy The hash rate boost here is kind of the controversy around this first of all if there is no machine learning job going on in particular right then has this you know obviously you get this performance increase but let’s say you have a job that doesn’t require the double precision and Then you have a job that requires a a double precision and the my the mining developers go ahead and they hold back the software or the code for double Precision for themselves or for partners and they only present forward or hold back sorry the single precision and they Only present for the double Precision the harder work the less hash rate which of course will translate to less Revenue to their customers right this actually brings into question a ton of problems surrounding proof of useful work in general right at least from my perspective if you have equal randomized Decentralized job distribution maybe this isn’t a problem it adjusts based on whatever but if you don’t which in the case of Dynex you currently do not have you have a centralized job distribution through the malab endpoints then you have the potential for manipulation and advantages going to Certain individuals and that has to be resolved and the only way I see that being resolved is figuring out how to decentralize the Mallet endpoints making that more transparent about which jobs are going to which workers and frankly you know possibly removing either the you know having some sort of alternating Algorithm that when it’s a single Precision job it bounces to it and then and it randomly bounces back I don’t know how to solve it but it is weird and it does bring up an issue I’d like to hear your thoughts and opinions surrounding it now if you guys aren’t familiar I Currently have all of my GPS turned off because I am testing some Bitcoin miners here currently in this particular case we have some s19s and we have about nine s19 Pros they’re running in low power mode right now I’m just making sure they work for the week Um so that’s what I’m doing I’m not doing anything crazy we’re almost 700 Tera hash I have two they have to go out for RMA um and then uh eight that or nine that are fully functioning so these are all the s19 pro 100 and well there’s a mix Of 100 and 104 terahash all the 96 Terra Hashem below are changing a lot of content coming to the channel for this we’re going to be individually you know testing out and reviewing each individual s19 Pro s19j Pros uh that sort of thing the different Terra hash Models 88 Tera hash and up so we’ll get a good uh Viewpoint from those we’ll have the stock firmware’s uh versus you know low power mode firmwares for the am logic boards I have epic boards in stock I have XI Linux boards in stock so we can test you know the Epic firmware Which is has no Dev fee by the way which is really interesting then we have the xyle Linux board which we can Flash with a variety of different firmwares from hive OS to brains to Lux Luxor OS a lot of different Opera opportunities there lots of content coming to the channel From that perspective and then of course moving on from there I think here in the future we still have a bunch of GPU content coming out we have the RTX 4070 we have the RTX 4060 TI and looking to get more gpus for testing on the channel I have uh done the best I can to basically take some opportunities to invest into the channel during the bear market so there you go that’s what happened in the Casper in case you’re wondering uh and I’m I’m happy with the decision I realize a lot of people you Know are going to say you should have held what are we at right I think it’s it’s back above two right we’ll look at that free guys or it was getting close to going back above too I guess not okay anyways I’m not really worried about it then still not at a loss I don’t know plus it’s cryptocurrency it is what it is take opportunities as you can do what you want we can talk about that more over on some of the tech dot locals later on if you wish but um that’s about it let’s look at profitability once again on gpus here We’re seeing Pepe W or Pepe w and of course CCX and Dynex are still here well yeah CCX has been you know here for a while really the hot talk is is Pepe W there’s an interesting uh the A4000 IS showing profitable on Casper right now which is quite interesting So Caspa with its pump you know has come up as well as Casper lost about 15 percent of its hash rate um here recently so if we want to talk about some weirdness going on this is more than likely let me show you guys here we’ve gone down from one Peta Hash to 884 terahash a second or 870 terahash a second um best to my knowledge this is going to be because June 5th remember is all the ks2s getting shipped out so ice River’s been mining it looks like they’re about to ship out 130 terahash worth of ks1s and ks2s so I Would presume that that this hash rate comes back on June 5th or thereabouts right I think uh they’re trying to get them shipped out on June 5th you know with tariffs and all of that sort of stuff and customs and where they’re going and who’s getting them and who’s powering them on Um we’re probably going to see live mid-june let’s go back up above that and then depending on the pre-sales and whatnot with ant or ant Miner right bit main I would presume we also start to see more hash rate come online I think the hash rate pushing over one Peta hash has all Been ice River potentially and then from there I think we’ll see some other things come into play it is still profitable on fpgas as you saw of some particular gpus are still profitable so I think what we’re seeing here or left over is going to be primarily fpgas like To hear your thoughts and opinions in the comment section below as well in the description uh or in the comment section below as well so this is a an interesting turn of events I think that we’ve seen there’s a difficulty drop coinciding as well pretty steady difficulty adjustment but we are still Five days ahead on the network a lot of people have questions surrounding that I haven’t seen a good answer yet but if I you get a good answer from you guys I will let you know so other than that um I think that we have well let’s go Ahead and look at that Pepe proof of work too foreign excuse me took a sip of water in it I got caught in the wrong pipe there um so it’s sitting at three point or three Tera Hash a second I kind of wanted to Get a pulse on it as we move forward it is sub Penny right now it is only currently on a single Exchange which I think or two exchanges now excuse me zagax or and then uh bit zonex and so these are a couple but the volume is extremely low Uh is it spec minable I mean I guess borderline spec mindable is it is it you know does it look like something that has you know legs behind it uh you know your opinions your opinion obviously hash rate 68 on mining for people is not a great sign so Take that into account as you will and move on from there let’s look at Asic minor profitability look at this ks3 coming in at 3733 dollars a day you know I I’m sorry still don’t think that’s sustainable be careful with these miners they run a pretty penny look I get that we have a different emissions schedule for Casper that puts it at an advantage compared to kadena when we get past you know this initial higher reward section but when we look at this as it sits and even going into August where we still have a block Reward of 185 per block it it’s not this is not a sustainable price now it will go down no matter what due to difficulty and it does sound like Casper’s having the largest production of miners from bit main 4A and altcoin that we’ve ever seen so it should be a Significant increase in difficulty which will naturally drive this price down along with the reduction in reward I think if we look at a price of where it’s sitting right now just from difficulty and block reward reduction these miners will be at like a hundred and twenty dollars per day projected you know After you account for difficulty now my initial difficulty calculations were sitting around somewhere where the ka3 was which was going to like put you around that 2 000 release unfortunately I think that it’s a lot higher than that I don’t know where it’s at necessarily but 1500 units alone have gone to third Parties it sounds like or third-party reseller a single one potentially could be a rumor could be BS um I have already seen it on the supply chain and Supply Channel Side uh I haven’t verified prices yet but the prices in bulk are looking a lot lower than what you’re seeing from bit Main And third-party resellers right now so keep that in mind that means that I would assume there is some sort of uh expectation for the demand of these to decrease along with the difficulty increase and so on so second batches are usually going to be the safer investment of course you do Get the benefit of earning these early rewards if you do get the minor in time so there is that potentially but what that also causes on a first fast batch run and this is the concern that I’ve talked about in could Casper go subpenny and so on is that when these miners or When these yeah when these miners reach their customers two things happen typically bit Main once they start shipping starts to dump the coin that’s one right and they keep in mind they’re probably going to be mining it for a while two every single Miner will race to Roi Because if you do not race to Roi you won’t Roi let me explain this because this is a a concept that like I think a lot of people don’t understand so I’m going to try to articulate it but imagine that it’s this case right two people by the Same Miner for the same price whenever one person sells that coin the price of that coin goes down so whoever sells the coin first has the better chance at returning their investment than the person that doesn’t sell that right so this is the danger and the concerns surrounding essentially that August drop Um is those two things in parallel together adding that cell pressure to Caspa I think what you see once again to articulate and clarify is that Caspa has a very fast emission schedule which means in my humble opinion that it will survive better and recover quicker than something like kadena but that doesn’t Mean that your immediate Network effects and effects of price don’t happen from these factors right uh so just keep that in mind and then keep in mind you know profitability like I said right now if we only adjusted for projected amount of minors difficulty and block reward reduction without Changing price you’re really more around that 100 to 150 dollar range per day so there you go that’s pretty much where we’re at with Caspa the ks2s I mean you’re paying what ten thousand dollars less or something than what you’re going to be able to get the ks3s for Uh even if they are real and they show up on June 5th um you know it’s a short life span but you know that’s the other thing we do have a little bit of the same race to Roi that’s going to happen because everybody that’s getting ks2 and ks1s if Those are in fact going out are going to try to Roi faster than everybody else and that’s running into August right and that’s because there’s going to be a serious fear that your ks2 becomes unprofitable and can’t compete with the ks3 once it launches okay Um so you’ll want to try to Roi that as quickly as possible now a nice stable Miner that stayed in the top five for a long time the antminer L7 is still in third position the antminer K7 is in fourth position I mean I guess there’s technically the XP Hydro 255 terahash Model but that’s not until May well which is this month but my understanding is these aren’t really going out yet most of what you’re seeing still with the hydros are the 180 was it 184 Tera Hash a second is pretty much what’s getting energized right now Uh K7 uh like like I said is going to be in that fifth position the antminer D7 odd because the D9 is out but it is profitable on dash right now this was primarily best I could tell due to the fact that we had a reduction well the hard Fort failed And I thought we would start to see this come back down you can see the price reduction from it but it doesn’t look like the network has fully recovered from the hard Fork failure so not everybody has gotten their their miners back online and in fact Luxor still down Which I tweeted them about that because I was on Luxor pool and they never came back up so the dash network is not looking healthy to say the least but it is profitable because the hash rate is lower and people have not reconnected so kind of nice to be Running a D9 right now not going to lie a little bit of a perk going on antminer ka3 is dropped from the Eight dollar a day level to under the seven Dollar A Day level um that will potentially recover at some point in moving into the having a Bitcoin but for Now I wouldn’t be too hot on it and then the rest of these just fall in line the M minor s19 Pro is going to be let’s see on bitcoin netting 37 cents a day on Ant pool 28 cents a day on pool In and so on so there you go as far as the s19 pro less than a dollar a day uh at 10 cents a kilowatt hour boom so thank you everybody for watching be sure to hit the like comment and subscribe down below 111 concurrent viewers make a wish I will make mine let’s get into q a remember super chats are never required always appreciated first to be answered because they’re the easiest to read tagging at son of a tech will highlight the message orange and I will be able to read it and go ahead and get in on that So I’m going to zoom in here and take a look at what do you what do you guys got for me today I think Hawk crypto mining is in the chat make sure you guys go subscribe to his channel DJ Minds is in the chat make sure you go To subscribe to his channel as well mind something says that some attack can a new coin or old coin switch to K heavy hash and eventually take advantage of the new Casper Asics I mean you could even just straight up Fort Casper right because it’s open so go on GitHub forkit done Rd27 says at some attack thoughts on Ice River real or fake like we showed earlier because they announced the June 5th release early release of the ks2s um and due to the fact that we saw a 130 terahash drop off of the network this week my leaning is that the ks2s are Very real yes um in fact what I would assume it is to the best of my ability is a singled dashboard from a ks3 something like along those lines right so it’s appearing to be real and then if we calculated that out right we lost 170 terahash on the network divided by Two that would be only about 85 units so I I don’t know that they really sold that many or manufactured that many right um but the only other thing that would have come off there would have probably been fpgas but we already saw the fpga Exodus before the last decline in price Right we had that pump up to the three cents then remember we we because we reported on this right what happened was is all the fpgas hit the market third-party retailers like Coastal uh crypto was able to pick them up that sort of thing and as soon as all of Those sales went through for the fpgas the market dumped right and then the price came down so when we’re talking about the effects of like mining or whatever that may be what happened here recently all the ks2 sold they prepped them for shipping reduction of hash rate on the network and price Goes down to that 1.2 cents range okay so there is this effect going on the question will be of course as we move into ks3s is it a more dramatic effect Daniel Hall says outside of that too bad the OCTA minus server cases are not 16xpcie length yeah they would they Would be significantly more expensive of course so there is that raise it and nobody would have bought them right like back in the East days nobody would have bought octo miners if they had threadrippers and epics in them they just wouldn’t Raj fbx says how much less will we make On the L7 once Litecoin goes into the having looking at buying an L7 or two s19j pro 100 terahash models well here’s the thing that we have to be completely honest about havings haven’t really been that impactful on alternative currencies other than Bitcoin the only having that Really seems to be impactful is the Bitcoin having hmm so I would think that your s19j pro 100 terahash model is a safer buy or at least a more stable or less volatile buy than the L7 but the price of Dogecoin you know could go way up and like you know I don’t Think Litecoin will like let’s how do I put this the Litecoin having has even less of an impact on the L7 because the majority of the profitability comes from the Dogecoin mining alternate of that right when you’re merge mining with it Randy 50 Super Chat thank you good sir says much Less stay healthy and we need you healthy I am working on it my friend I am um I’ll do an update this weekend over on uh the blind run Channel I’m gonna try to record one for you guys tomorrow big baller Rd 27 says outside of tech What is the Litecoin reduction at the having that’s a good question I haven’t checked because I don’t have an L7 let’s go look the next Litecoin having date is 2023 and reduces the Litecoin block reward from 12 and a half to 6.25 Litecoin Litecoin having 2023 countdown predictions is based on the Litecoin Block time of 150 seconds blah blah blah so it’s going down to 6.25 the majority of that profitability on the L7 is really going to be due to Dogecoin anyways rd27 says it is well educate me it’s not actually a having 12.5 divided by 2 sounds like 6.25 The countdown is 67 days one hour and 50 minutes I guess what do you mean by uh it’s not actually a having maybe educate me you’re wrong hey we all got to keep each other in check I need to learn from y’all you all need to learn from me and We just keep going and we keep moving forward and we keep progressing learning and becoming better stronger smarter happier happier human beings thanks everybody for watching be sure to hit the like comment subscribe and notification bells down below we’re going to be testing the RTX 4060 TI over on son of attack .locals.com Don’t forget to check out of course my crypto mining e-course on sonofattech.com and put it in your favorites tab because the shop is coming over there soon boom I will see you next Tuesday Check out BT-Miners https://bt-miners.com/?ref=dv617zq7oz Join Locals To Grow Your Mining with a Community https://sonofatech.locals.com/ Crypto Mining Ecourse is Live! https://sonofatech.com/ Pre-order the K10 – Use Promo Code SOAT for 2% off https://www.coastalcryptomining.com/product-page/superscaler-k10?ref=SOAT Use Promo Code SOT_E100 for $30 the E100 Use Promo Code SOT125 for $125 off the E300 Use Promo Code SOT100 for $100 off the E300 vu33p Sources https://www.coindesk.com/policy/2023/05/25/desantis-bitcoin-represents-a-threat-to-the-current-regime/ https://www.coindesk.com/consensus-magazine/2023/05/25/desantis-and-the-growing-culture-war-around-bitcoin/ https://www.coindesk.com/business/2023/05/25/nvidias-blockbuster-outlook-reminds-bitcoin-miners-to-give-ai-a-look/ https://cointelegraph.com/news/hotbit-exchange-halts-operations-urges-users-to-withdraw-funds https://www.theblock.co/post/232085/cybersecurity-firm-claims-it-hacked-private-key-from-a-trezor-t-hardware-wallet https://kaspa.org/the-kaspa-community-and-the-exploration-of-smart-contracts/ https://pepecore.com/ https://videocardz.com/newz/amd-announces-269-radeon-rx-7600-rdna3-graphics-card https://www.pcworld.com/article/1929783/intels-arc-a750-gpu-is-now-down-to-just-200.html https://www.desiweminer.com/product/k9s https://shop.bitmain.com/product/detail?pid=000202305221408361620HmuXMd9068B https://github.com/doktor83/SRBMiner-Multi/releases https://github.com/rigelminer/rigel/releases https://github.com/OneZeroMiner/onezerominer/releases KAS Addreess: kaspa:qzwqvpqnxnnfy7y8zdllms68yxvh9htt74rgytn0yjlwlydwcsvjgn0cz0fz6 Flux Address: t1a276Sn6AALj6ifkgMBi8cuxa2415UajsW LTC Address: LbNTMKfnGVoBktK1v4MtGpsoXaECRzQ1sT Ergo Address: 9fCyhudURbDSA2qi9k3sh1LgbHwyFwT6fck7wQW2YYWk9xR1miN ETH Address: 0x8446b70aA05c811d7bF590e6EDE3d90C00391FcE ETC Address: 0x8446b70aA05c811d7bF590e6EDE3d90C00391FcE ZIL Address: zil135ajqdgf9mj6r50e8t28p98xvsss8ay7cppyx5 Affiliate Links Coastal Crypto: https://www.coastalcryptomining.com/?ref=SOAT Amazon: https://amzn.to/3bmHH2V HiveOS: https://bit.ly/2PX76cM Trezor: https://bit.ly/3b5TF1j Cryptocom: https://crypto.com/app/soat BT Miners: https://bt-miners.com/?ref=dv617zq7oz CashApp: https://cash.app/app/MPLLCNW PrimeXBT: sonofatech.com/primexbt Parallel Miner: https://bit.ly/2RwQclK Coinbase: https://bit.ly/33jNPW2 https://twitter.com/SonOfATech Facebook https://www.facebook.com/Son-Of-A-Tech Instagram https://www.instagram.com/sonofatech/ #cryptomining #cryptominingmorning #cryptominingmorningshow source.