parman_the
Parman - Activate OP_GFY now!!

Bitcoin KYC cleaner (it's true), Bitcoin security and self-custody mentor, Bitcoin author, and private key whisperer.

PGP: E7C061D4C5E5BC98

Creator of Parmanode https://parmanode.com

Creator of ParmaDrive https://parmanode.com/parmadrive

Creator of ParmanodL https://parmanode.com/parmanodl

Creator of ParmAirGap https://parmanode.com/parmairgap

Creator of BitVotr Protocol https://bitvotr.com

Bitcoin Mentorship https://armantheparman.com/mentorship

KYC Free Collaborative Custody Service https://armantheparman.com/parmanvault

Lost Bitcoin/Crypto Recovery Service https://armantheparman.com/recovery/

Security Review Service https://armantheparman.com/bsr

Assiter of Boomers https://bitcoin4boomers.com

Essays

Public Key

npub1ltt9gry09lf2z6396rvzmk2a8wkh3yx5xhgkjzzg5znh62yr53rs0hk97y

NIP-05 Address

parman@nostrich.cc

NIP-57 Address

pearmoth4@primal.net

Profile Code

nprofile1qqs044j5pj8jl54pdgjapkpdm9wnhttcjr2rt5tfppy2pfma9zp6g3cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszymhwden5te0wahhgtn4w3ux7tn0dejj7ezl8h0

Publishing to

relay.damus.io

wot.utxo.one

Author Public Key

npub1ltt9gry09lf2z6396rvzmk2a8wkh3yx5xhgkjzzg5znh62yr53rs0hk97y

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Last Notes

2025-04-26 05:22:31

There should be no government

2025-04-24 10:39:14

Many people will look at a money balance on a screen and think of it as...
"Money in my account"
... but after a painful lesson, it might adjust to...
"Someone else is holding MY money".
While it's a big improvement, most are still failing to see the whole picture. Is that even real money you're saving?
https://m.primal.net/QbYo.jpg

2025-04-13 17:36:46

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Looks fun

2025-04-13 04:37:35

New strategy -If the right started embracing pronoun culture the left would cancel it.

2025-04-10 14:51:28

https://m.primal.net/QKqp.png

2025-04-09 03:50:23

Take what Bitcoin gives you, there is no obligation to outsmart the market...
1. Don't be greedy.
2. You don't need to learn to trade (gamble).
3. Buy more bitcoin, at all prices, regularly.
4. Sell all shitcoins, don't be disgusting.
5. Work hard at what you love.
6. Buy more bitcoin again.
7. Sell only to pay necessary expense, whatever the price bitcoin is at the time.
https://m.primal.net/QJKE.jpg

2025-04-05 06:32:08

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Only wirh ParmaDrive as it involves many hours of my labour and love to tune it.

2025-04-05 06:30:55

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Not saying I disagree with you, you have to admit, it wasn't intelligent to promote North Korea using their service, risky AF.

2025-04-04 12:13:49

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Acted

2025-04-02 05:15:02

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I like ParmaSwap, everyone is suggesting ParmaSync instead

2025-04-01 17:36:03

May I trouble you to help me decide on a name for a new service?
I'm torn between ...
1) ParmaSwap
2) ParmaSync
What it is - A ParmaDrive machine does nightly backups to another ParmaDrive, and vice versa, adding geographical storage redundancy for two people, without needing a cloud service, and no fees. Extra people can be added too.

2025-04-01 15:05:50

May I trouble you to help me decide on a name for a new service?
I'm torn between ...
1) ParmaSwap
2) RemoteVault
What it is; One ParmaDrive machine does nightly backups to the other ParmaDrive, and vice versa, adding geographical storage redundancy for two people, without needing a cloud service, and no fees. Extra people can be added, but a little more complex.
I like ParmaSwap because of the consistency, and the double entendre, but it's less clear about what it does compared to RemoteVault.
RemoteVault sounds very generic though, and not memorable. Even I forget it momentarily.

2025-03-29 12:52:30

Schools that give children Bill Gates machines hate the students.
They should be teaching them to use Linux from an early age.
And also, to learn how to take fast notes with a pen and paper, they should not be seen as things to move away from eventuality. Physical writing complements digital.
Maybe I need to start teaching Bitcoiner kids.

2025-03-28 10:27:03

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Not by choice

2025-03-28 10:24:58

ParmaDrives now come with ParmaSwap!
If you actually have friends, one of them and yourself can buy a ParmaDrive, and your disks will remotely back each other up (encrypted, of course).
Say you both had a 16TB drive, then each of you can back up 8TB (50%) to the other.
Each night, the disks do a sync, and only changes take up extra data.
It keeps 7 of the last daily backups, 4 weekly backups, 6 monthly backups, and 4 six-monthly backups, allowing you to recover accidental deletions in the past. You can mount a read-only historical file system and copy out what you want.
Of course, the finer configuration options can be customised on request.
The real benefit is that you can deGoogle yourself from data storage, so their creepy employees can't masterbate to your homemade sex tapes, without paying.
If you extracted all your data without ParmaSwap, then your data is in one location, and at risk of loss (single point of failure).
You could do manual sync to an extra drive, and bring it home to update/sync from time to time, then put it back in a remote location; but that's shit, and risky.
You could back up to a VPS, and encrypt it yourself, but you'll pay a lot for storage, I mean ridiculous, and be exposed to forever fees, and difficult to move when they jack up prices (crashplan did this to me - they got me with fair prices initially, than increaed the price enormously, and it took years to get off).
Anyway, with 2 ParmaDrives and ParmaSwap, either both yours at two locations, or one for a friend, you get a discount for the double purchase and combined shipping, and you won't have ongoing subscription fees for data.
You can self sovereign store your data, which arguably might be more important than your bitcoin... Depends how good those ex-girlfriend sex tapes are, I suppose.
https://parmanode.com/parmadrive
I want to add, you can also do ParmaGoupSwap, but it's not ready yet, pilot volunteers welcome. This is like ParmaSwap but more redundancy. You can back up your data to more than one person, and you can offer space to more than one person. This way you reduce the reliance on someone to have your back in a data emergency.
Much later on, there will be ParmaSwapBay. I'll leave that to your imagination for now, this is getting too long.

2025-03-23 13:28:20

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Thank you, will fix.
Not rsync, borg with custom tailscale/headscale tunnel, and custom automation.

2025-03-23 09:08:57

New invention... ParmaSwap™.
I think everyone with a computer needs this.
https://m.primal.net/Ppxq.jpg

2025-03-12 15:43:12

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Sparingly

2025-03-12 15:25:34

Have you remembered to call someone a retard today?

2025-02-24 15:46:13

I think there is some concern that the reason Bitcoin's price is holding up is because it's all Saylor.
Listen up...
People are giving money to Saylor to buy bitcoin.
PEOPLE ARE BUYING BITCOIN.

2025-02-19 02:46:39

Sometimes the best posts are the ones you want to delete because they have a tpyo.

2025-02-18 17:55:39

There's a principle that normies just don't get...
I'd rather hold money that's volatilite and could crash 80%, than have pedophiles pick my pocket at 15% a year while telling me it's only 2%, and gaslighting me that it's so everyone can have jobs.
F
U
C
k
THAT 🖕🏻

2025-01-31 14:12:31

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Neither have I.
If someone is encourage to save in Monero instead of Bitcoin, that's harmful.

2025-01-31 12:05:53

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Stuff monero scammers say

2025-01-31 12:03:22

I've noticed a social media blitz with fake Monero hype today.
For Bitcoiners who are getting scammed, defend yourself with reason and logic - Google search "@parman_the monero", read my arguments over the years, and tell me about any that are flawed (hint: none are).

2025-01-30 07:48:19

VIDEO🎥: Watch me solo mine #Bitcoin on a #ParmanodL, and some show and tell...
https://m.primal.net/OHgo.mp4

2025-01-29 09:40:52

And you sir, are you ready to receive my succulent Chinese dumpling? Happy #CNY 🎉
https://m.primal.net/OFnM.jpg

2025-01-24 22:35:57

Small increments initially and, then sometime after, a very rapid increase in things going on for the benefit of Bitcoin.
I'm coining it.

2025-01-24 04:34:54

I was asked, "Why is wBTC not real Bitcoin?"...
To get wBTC, you send another entity your bitcoin. They now have it in their address. They may keep it forever, they may lose it, they may disappear.
In return, you get a receipt called wBTC which can be traded. It entitles you to getting your bitcoin back, but there is no legal or cryptographic certainty. There is only TrustMeBro Technology ™.
wBTC is basically an NFT of bitcoin that someone else is holding for you.

2025-01-23 16:39:56

Too much winning

2025-01-22 12:07:22

There's already too much winning, sir, I can't take it anymore.

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that's offensive

Not having Bearnaise sauce with your steak because the steak is good enough, is like saying you don't want a threesome with hot twins because your life is good enough.

2025-01-20 09:31:59

Bitcoin just crashed $1,700 !

2025-01-20 09:22:53

For 20,000 sats, I will call you a dumb fuck, and sign it with my pgp key.
LIMITED! First 10 people only.

2025-01-19 12:07:31

When someone asks me to be their Bitcoin mentor, the relationship is for life. The is the way of the Force.

2025-01-18 06:17:59

Today I noticed that when playing #piano, the vectors of force through and across the fingers at impact, are very similar to the force vectors across my well balanced and securely held chopstick.
In conclusion, this is why that 4 yo Asian kid is crazy good at piano 🤣
#pianostr

2025-01-16 05:56:14

People go through phases to come to bitcoin.
Bitcoiners go through phases to let people go.

2025-01-15 04:21:24

Parman's Bearnaise Sauce. Instructions with secret tips (on special request).
Ingredients...
1 tbsp diced shallot (red onion or even brown onion is acceptable)
¼ cup any vinegar
¼ cup white wine (or dry vermouth better)
1/8 tsp cracked pepper
1.5 tbs tarragon (dried is fine)
¼ tsp salt (adjust later if using unsalted butter) - Quality of the butter matters immensely
Method...
Cook down to 2 tablespoons liquid to concentrate - strain. (Don't over do it)
3 egg yolks in a pan
Beat them up first, for a minute to thicken
Beat a tablespoon of butter and the vinegar reduction together
Beat eggs over heat to a custard. Approx 58 to 60 deg C. You'll notice the thickness and won't need a thermometer when you're an expert.
Tips...
Exact amounts don't matter, these decimals are just the result of scaling the recipe…
28.35g butter per yolk max, but
18.9g per yolk better tasting
If it splits, a drop of vinegar on the edge, and mix it in, it should re-emulsify. Otherwise beat an egg yolk and add the broken sauce bit by bit as you stir.
Do make sure you get the salt right, depends in your butter, taste as you go. Pepper to taste. Add more tarragon leaves again to the sauce at some point (after they've been strained from the cooked liquid).
#foodstr #Bearnaisestr

2025-01-11 07:48:25

Going for 2 in a row...
https://m.primal.net/Nbam.jpg

2025-01-10 04:32:01

Yesterday, I "custom" brute forced a passphrase recovery for a pleb. Then a few hours later I cracked another one. Two in one day is a nice record.

2025-01-08 04:21:53

Bitcoin podcaster starter pack
https://m.primal.net/NXHa.jpg

2025-01-07 11:35:46

Parman's Leverage Gets Fucked Trade ™
https://m.primal.net/NWFr.jpg

2025-01-07 09:23:39

#Pizza night #foodstr
https://m.primal.net/NWAP.mp4

2025-01-06 09:50:54

Democracy is a scam

2025-01-06 06:04:10

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https://image.nostr.build/1f0a51ed93c2196648145ec339535f7724d8b0f83dee41757fadde5caa1143f7.jpg

2025-01-06 04:56:51

Why not make pie? #foodstr
Moneyshot soon.
https://m.primal.net/NUNc.jpg
https://m.primal.net/NUNe.jpg

2025-01-03 16:13:57

Bought some bitcoin today and I liked it.

2025-01-03 11:51:28

Shitcoiners are playing musical chairs while Bitcoiners have no chairs.

2025-01-03 06:11:50

Bitcoin, being a database of text that we have consensus on, describes under what conditions modifications are permitted, based on an agreed algorithm with the application of secret numbers which produce signature derivatives allowing us to agree to further additions linked to certain bits of the text.
There is no justification for people to pay tax to a government because they know a secret that permits modifications to this consensus database.

2024-12-31 14:02:41

First hour of 2025, Glenfiddich and Bach Goldberg Variation #11 awaits.
https://m.primal.net/NMfK.jpg

2024-12-31 13:56:27

Happy new year, cunts.

2024-12-29 11:29:20

If you've never watched Fawlty Towers, do it - You're welcome.

2024-12-28 13:06:21

I am offended by people who censor themselves. GFY.

2024-12-27 07:11:55

Feel sorry for people who have intentionally decided to not have... coffee, bacon, eggs, extra cream in milk, copious servings of butter, Bearnaise sauce with their rare steaks, tallow fries, kids, and thoughts of their own.

2024-12-26 10:56:25

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always have been, but not very visible

2024-12-26 10:20:50

X is gradually getting worse because weak people are posting stupid things to get paid for engagement.
Fuckem™

2024-12-25 01:46:48

When a Bitcoiner says, "Bitcoin fixes this",
Normies actually hear, "being rich fixes this".
And when we say "put your coins in deep cold storage, and back up your keys",
Normies hear, "just buy the Bitcoin ETF".
And when we say, "GFY",
A normie actually hears "GFY".

2024-12-24 07:05:29

Stop being dumb on the internet, it triggers me

2024-12-24 02:01:35

I don't care if you're taking a holiday from work or school.
Merry *Christmas*

2024-12-23 16:59:53

The odd successful reply on reddit
https://m.primal.net/NETp.jpg

2024-12-23 15:57:45

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that's very unscientific

2024-12-23 15:50:14

I don't think we're not in a simulation

2024-12-22 07:37:54

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You've been scammed...
When Satoshi elimated "trusted central 3rd party" from money, he wasn't talking about self custody.
- he was talking about the base layer of money, and solving the Byzantine General's Problem.
- that is, if there are two transactions spending the same money (double spending), how do we know which is first (and valid), and which one gets rejected?
Normally for a digital money, a coordinator for the order of txs has always been needed, and Satoshi solved that and eliminated the central coordinator (using PoW, blocks, and a consensus algorithm).
How some people made this about p2p payments (ie no "evil" custodial banking or transaction networks) is unclear.
People who cry about the fact that all humans won't able to transact p2p on the base layer have been captured by this narrative and forgot what Bitcoin is for - to eliminate the scourge of central banking from humanity.
Central banking, not banking!
They accept risk of changing Bitcoin because they think it'll be a failure otherwise - forgetting the primary objective is going to be a success.
Sure, p2p transfer is by design in Bitcoin, but it's not going to be possible for every human.
That problem has never been solved - shitcoins that claim it's possible accepted a trade off (decentralisation), they didn't actually SOLVE it.
I don't support tinkering with Bitcoin to achieve secondary gains, risking the first priority.
This is why we should activate OP_GFY.

2024-12-22 04:51:13

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Self custody is not the purpose of Bitcoin - the purpose is to fix the money, so no one can fuck all humanity and capture it by controlling money.
People having accounts in custody is not a big deal, so be it.

2024-12-14 06:24:24

GFY
I mean, GM

2024-12-07 12:24:20

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Fuck that guy, he's one of the biggest cockheads out there. I think he might have a narcissitic personality disorder, not sure.
Anyway, I did Xweet this and he did complain with a retweet message, despite being blocked, and it was a glorious self-own. I actually retweeted it.

2024-12-06 14:30:15

Listen to this.
There can be no more than 21 trillion sats...
The US national debt is 34 trillion.
At $100M per bitcoin (dollar to #ƨat parity, $1=1ƨat) the US debt is greater than the entire Bitcoin supply at an approximate fair monetary value.
Maybe $100M is too bearish.

2024-11-28 15:54:22

You like the idea of smart contracts on blockchains?
Smart contracts are essentially for replacing enforcement of ownership through the legal system (and the state, and violence) with a digital contract ("code is law").
For those who want to put their property on "the blockchain", when illegal immigrants invade and decide to occupy your house, you can throw the Ethereum "smart" contract in their face. That'll show them.
Now that you see the contract doesn't enforce ownership, you still need the law and the state, what was its initial purpose again? Oh, yeah, to replace the enforcement of ownership. LOL.
You see, digital contracts can only enforce digital things. They can never enforce real-world things. They can only prove you paid for something, or prove ownership, not enforce.
A simple contract on paper will do for that. Or a digital database, eg run by the government, the very people you rely on for enforcement of ownership. You don't need it to be "smart" and you don't need it to be decentralised - what are you trying to overthrow? The people you need to enforce your contract.
It's nonsensical to think you can replace the legal system. It is encoded in mountains of text and there are always new exceptions and situations arising. Who are you going to appeal to when a smart contract doesn't encode the subtleties of a new situation? Replacing the legal system with coding nerds is a stupid thing to hope for.

2024-11-28 08:37:36

If you hold Ethereum, please remember to do your Christmas shopping early - you don't want a repeat of last year, disappointing your wife's lover with some lame socks. Take your time and find something special.

2024-11-25 15:54:20

If Saylor buying 100,000 bitcoin doesn't move the price, will buying 22 million bitcoin move the price?

2024-11-24 04:29:58

I'm pleased to announce a new update to Parmanode...
-Improved navigation, jump directly to desired menus, even from the command line.
-BTCPay update to v2.0.3 (Mac and Linux)
-Custom BTCPay backup and restore function
-Custom upgrade/downgrade function for BTCPay
A backup and restore feature is really important, and it's not that obvious how and what to backup.
BTCPay has an official backup/restore script, but it won't work if you have a bespoke BTCPay installation like what Parmanode offers.
So I had to reverse engineer their script to understand which components needed to be backed up and made a specific one for Parmanode.
It's been tested on Linux and Mac and works nice.
https://m.primal.net/MfkJ.jpg
https://m.primal.net/MfkK.jpg
https://m.primal.net/MfkL.jpg

2024-11-23 14:57:25

A friendly rant about early Bitcoin adoption...
I've come to accept that bitcoin is going to succeed, and by logical definition, not everyone can be "early" - because being early is relative to other people; it's an ORDER thing, not temporal.
Whether the whole world adopted it in one year or 10, the order they adopted bitcoin matters to the meaningful advantage of being "early".
And so, we can't make more people early - that doesn't make sense. All we can do is ...
1) Affect the order of who is earlier than others, preferably prople we care about - so don't spend too much time on idiots, haters, rude people, or socialists. Let natural selection do it's thing, or in other words, use "HFSP" judiciously.
2) Help Bitcoin adoption along, but maximise your impact, again, with judicious use of HFSP.
3) Make the world better in some way 🧡 - Bitcoin will be more valuable the better the world is.

2024-11-21 13:00:28

If you're feeling euphoria at 100k bitcoin, it's not because you stacked enough, it's because...
1) bitcoin hasn't improved you yet
2) you're probably multiplying your stack by the current price each day
3) and you're intending to buy stupid shit.
Just saying.
Also, if I get access to your phone's calculator, I can take a look at your history, and I'll find some number times 98,000, and I'll know your stack size.
https://media1.tenor.com/m/mZZoOtDcouoAAAAd/stop-it-get-some-help.gif

2024-11-16 03:09:52

The more fucking around that happens, the more finding out that happens

2024-11-16 00:14:21

Despite my mission to teach self custody, I accept that holding your own entire wealth is not for everyone - it's OK, really...
I always say, expecting everyone to learn the skills of banking and security is unrealistic and goes against the benefits of having money in society.
Money helps us escape the inefficiencies of barter, and allows everyone to specialise in what they are good at, rather than doing everything themselves.
Banking, like baking, dentistry, or building - is just another skillset, and time drainer.
The existence of Bitcoin banks will not mean that the purpose of Bitcoin has been corrupted or has failed ...
Bitcoin wasn't created to end banks. It's fixing the money - so they no one can create it for free and scam humanity.
Yes it means that some will engage in fractional reserve, and yes that has the*effect* of increasing the money supply, but it's acceptable...
Whatever the increase, it has an anchor to the real fixed supply, and can't keep growing, because as it does, bankruptcies increase pulling it back to reality. Free markets, baby, accept it.
This natural market force, with some people fucking around and finding out, doesn't mean there is any sacrifice to the main mission. We would still have sound money, and have ended central banks (yes self custody TODAY helps defeat them, but that is for the "then they fight you" stage, not the "then you win" stage).
We, the earliest Bitcoiners, have the responsibility to hold our own coins, but also the opportunity to be the custodians of the future, if we so choose. There will be fierce competition, no monopolies, with a myriad of black and white market options that can't be stopped.
People will have the choice to use services for convenience, and won't have to rely on a small handful of custodians to hold all their wealth, they can diversify, OR, is their wealth justifies/demands it, can call someone like me to mentor them to learn self banking skills and extreme security (excuse the smol plug).
Why should the poorest people with 5 sats to their name be concerned with security or the ability to open their own lightning channels? I hope this part is obvious, not going to elaborate.
Rant over. Getting up to a gorgeous day of winning.

2024-11-15 14:15:05

Parman's Bitcoin Wallet fun facts, please enjoy...
When you make a BIP39 wallet with no passphrase, the text "mnemonic" is used in the code under the hood.
If you do have a passphrase, eg HFSP, then under the hood it becomes "mnemonicHFSP".
That combined with the seed phrase (however long) goes through 2048 rounds of a HMAC function with SHA-512 at it's code - not SHA256!
So the resulting output, called the seed, is a 512 bit (not 256!) binary number (or expressed as 64 bytes, or 128 hex characters) - it's not a cryptographic key! Just a big number called a seed - ie the entropy that goes into making the key.
Of note, the seed/passphrase text is converted to numbers first and held as bytes, but how is it converted? It doesn't go back to the BIP 39 word list numbers which is what many people would think and what I initially thought. In fact the text is converted to ASCII, which is a completely different way to map text to numbers.
So when you roll dice or toss a coin, you produce numbers which map in the BIP39 protocol to words first, but then those words are mapped to numbers again, but using ASCII, so totally different numbers. Why, IDK.
Anyway so going through this elaborate process might seem completely useless, why not just start with the 512 bit number/seed? Short answer is that it's harder to write down than words. It's much easier to write down text, leaving the hard stuff to the coders to do in the background.
Also interesting is that although there are protocol words used to produce the 512-bit seed, technically you can use any text you want to put into the HMAC function and produce a 512-bit seed. You still get a resulting wallet and the Bitcoin protocol will not know anything about whether your wallet is to BIP39 protocol or not (BIP 39 has nothing to do with the Bitcoin consensus rules, it's something external, for wallet generation and compatibility between hardware in software). The problem occurs when you try to input this invalid seed into a BIP39 compliant hardware wallet or software wallet.
But if you write your own code, you can do whatever you want and live dangerously. You can take BIP39 non-compliant words and convert them to a BIP32 (HD wallet pritocol) 512-bit seed and from there perform the necessary cryptography to produce a wallet. But when you fuck up and lose your bitcoin, the rest of humanity will thank you for your loss.
More interesting things... The hierarchical deterministic wallet BIP is number 32 and existed before BIP 39 which included words. When making a HD wallet before BIP 39, it was possible to use a 128-bit seed or 256-bit seed or 512-bit seed.
The BIP39 protocol took the longest option, 512.
The way I am describing all this might sound like I was around at the time, but no, I'm just interpreting things from reading the protocol, an interested latecomer, trying to build ParmaWallet.

2024-11-13 11:30:37

I was asked by someone if they should wait for the price to drop to $82k before buying more bitcoin...
https://m.primal.net/MBsn.png

2024-11-05 14:48:50

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hahahaha yes

2024-10-31 04:41:53

Everyone should wear a Guy Fawkes mask when they go out to vote on Nov 5.
https://m.primal.net/Lnlr.jpg

2024-10-30 23:42:59

A quick explanation of how to assess a Bitcoin miner for profitability...
Let's take the S21 Pro.
It has a hash rate of 234 TH/s. The world is hashing at 750M TH/s, so that machine will contribute to the following fraction of the world hash rate...
234/750,000,000 = 0.000000312
Cool.
That means, if left on all day, it should generate the total world bitcoin reward for the day multiplied by that percentage...
450 bitcoin x 0.000000312 = 0.00014040 bitcoin (14,040 stats)
So the S21 Pro produces 14k sats per day if left on.
The next question is how much that costs per day.
The machine is rated at 3510 Watts, or 3.51 kW, 3.51 kilojoules per second.
Electricity prices are in $/kWhr
($/energy). BTW, Energy is kW (kJoules/second) multiplied by 1 hr (ie E / time x time) = Energy.
So 3.51kW * 1hr = 3.51kWhr is the amount of energy used in 1 hour by this machine, and x 24 = 84.24 kWhr in one day.
How much does 84.24 kWhr, which was used in the day to produce 14k sats, cost?
If your electricity price is 0.06c per kWhr, then it costs:
84.24 kWhr x 0.06 $/kWhr = $5.05 per day.
So $5.05 to produce 14k sats. At what price are you effectively "buying" bitcoin? We need the units $/bitcoin...
5.05 ÷ 0.00014040(ie 14k sats) = $35968
The current market price is $72,000
It means that if you pay full price for the s21 Pro ($6318), and have cheap electricity at 0.06c/kWhr (I pay around 20c US btw where I live), you will be mining bitcoin profitably, but... you need to recover the cost of the ASIC.
$72000 x 0.0001404 bitcoin means that you're earning about $10.10 per day in bitcoin, and paying $5.05 in electricity. $5 per day profit will take a while to pay off that $6,318 miner!! (3.46 years)
How can it make sense? Answer:
Well, if the bitcoin price doubles, guess what happens to the value of the ASIC? That will probably roughly double also - if it doesn't many people will buy them, bid up their price, and by turning them on also make mining less profitable. For the miner who got in early, that reduction in profitability is compensated for by a capital gain on the equipment.
Meanwhile, they are still mining somewhat profitably - They'll be mining less than 14k sats/day as the hashrate goes up, but those sats will be worth more. And their daily costs are static.
Another way to put it...
MINING COST FOLLOWS PRICE
...not the other way around as with every other commodity in nature. For everything else, the price follows the cost to produce. I like to call it "anchored" to the cost of production. For Bitcoin, the cost to produce is anchored to the price, and this is fundamentally due to the difficulty adjustment, which keeps the daily production constant regardless of price.
OK, that was a long explanation, not quick, sorry, I lied.
Here's the other thing that most people don't think about...
That $6k miner that was bought hoping for a bitcoin price pump... what if you just bought $6k worth of bitcoin today? You probably would end up with more sats.
Mining is fun but opportunity cost is a bitch.

2024-10-22 10:54:38

If you're looking to learn to code for the joy and empowerment, I highly recommend bash script.
It helps you to be great at maintaining your computer, and following guides to install things with Linux.
Anything you might execute from the command line is code.
Here's how you start (works on Linux or Mac)...
1) create a paranoid crypto anarchist directory and go into it
cd ~
mkdir pca
cd pca
2) make a file
touch GFY.sh
3) edit it with nano (vim later when you're getting skilled and seeking efficiency). This makes step 2 redundant, everyone relax, I know.
nano GFY.sh
4) on line 1, very important, put...
#!/bin/bash
This turns the document into a program.
5) Let's print something. Add these 3 lines
echo "GFY World!"
sleep 10
clear
This will print to screen, wait 10 seconds, then clear the screen, then the program ends. Notice, each new line is a new command, and they can be sequentially typed in if you want. All these lines of bash code work manually too.
6)
Make the program executable...
sudo chmod +x ~/GFY.sh
This is superuser do (elevated privileges), change mode function, add executable option, and the path to the file (~ is shorthand to the home directory of the current user).
7) now you can run the program like this...
./GFY.sh
Or
~/GFY.sh
In the first example the full stop stands for the current directory. So whatever your directory you're in, the computer knows to replace the full stop with the current path, and then it adds on the rest. You have to be in the same directory as your program for this work.
In the second example, you don't have to be in the same directory because you're specifying the path fully, although in shorthand with ~
This might seem very trivial but it is the basic building blocks for building more and more complex things, such as Parmanode .
You can actually read the Parmanode script and see what it's doing.
Maybe I should do a video one day explaining the code.

2024-10-20 11:56:56

Fuck you.
I mean, GM 🧡

2024-10-20 11:11:05

Don't let rulers pretend to be your leaders.
FuckTheState ™ , with #Bitcoin.

2024-10-20 10:56:11

In the same way that you don't need to be a mechanic or race car driver to learn some basic skills to drive and maintain your car...
You are required to learn some basic essential computer skills to resist the government's will to monitor and control your family's ability to spend or save money.
I first Xweeted thisin my dream just now, I'm not joking - I think Bitcoin 24/7.
Another way to put it...
If you drive a luxury car, or an antique car (basically analogous to all of us who are the earliest Bitcoiners),
rather than driving a bomb (analogous to the Bitcoiners coming later),
then, your car deserves for you to take more of an interest in it to protect it.
Don't let Ferris drive it!
Nor Armstrong and CZ...
https://m.primal.net/Lbvi.jpg
https://m.primal.net/Lbvo.jpg

2024-10-19 08:07:37

One of the great joys of parenthood is telling completely made up stories at bed time, and then repeating them on request.
The delight they get is incredible - don't forget to do it.
I was getting so good at the stories, I wanted to test my powers, so I randomly made up a storie about two inanimate objects, a bin, and a cloth.
And thus, Binnie and Clothie was born.
17 episode later, all with intro music/singing and recorded for memories:
Binnie and Clothie World - was epic.
Even other stories that connected to B&C world were spun.
I should do children's books 😂
"Do you remember that time when Binnie got tricked by Clothie to go on that ferris wheel, and finally overcame her fear of flying?"
"Or that time Binnie won a cereal contest and went on a rocket to space?"
- "Yeah, that was episode 12 wasn't it?"
"And wasn't it sad that fight they had and lost touch for so many years? 😭"

2024-10-16 08:19:00

Parmanode is now compatible with the plumbus X.
https://m.primal.net/LXSS.jpg

2024-10-13 05:08:11

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long overdue, sir

2024-10-13 04:31:51

I can't wait for the release of the JFK files, Epstein files and Diddy files.

2024-10-11 07:15:14

The secret to a good life -
Happy wife, happy wife.
wait

2024-09-28 15:27:44

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Milei, out of 10?
Ron Paul, out of 10?

2024-09-28 15:26:43

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or what I said AND what you said.
My bet is she takes meds - for some mental disorder or to help her to overcome the anxiety of lying in public.

2024-09-28 15:24:20

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How about JFK?

2024-09-28 15:03:32

Do you know why it APPEARS that Kamala Harris has extremely poor public speaking skills, despite having worked as a prosecutor, is Vice President, and now campaigning to be President?
These jobs all require supreme oratory skills. Something doesn't add up...
The reason is that when someone is either:
- speaking falsehoods, or
- speaking truths they don't believe in, or
- pretending to believe something they don't
... well then, they end up looking completely pathetic and incompetent, and cannot speak unscripted and rehearsed like a normal person. Otherwise the truth gets out.
You can only speak naturally and off to cuff if you're speaking the truth and being yourself. You can't do that if you're hiding.
She's basically a lying fucking bitch.
All humans can detect it, but many are so pathetic and/or brainwashed, that they choose to accept it.
I could upset fellow Bitcoiners who will vote Harris by saying this, but I don't give a fuck, you should be ashamed of yourself.

2024-09-26 22:35:20

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Nice. I highly recommend starting with this one, as the language and prose is far easier to absorb than the classics

2024-09-26 22:09:28

A country is only as bad as the people who vote for communists.

2024-09-26 10:36:51

Always be careful to not use "inflation" interchangeably with "CPI".
They are not the same thing. CPI is whatever you are told it is, completely disconnected from price inflation, and calculated however they want in a way you CANNOT VERIFY.
Also, "inflation" means growth in MONEY QUANTITY, nothing to do with prices, so use "price inflation".
Undoing the scam involves spreading correct information - fixing the language corruption can help somewhat.
Do not do blind superficial research on the definition of "inflation" - you will get scammed.
Study Austrian Economics, the only correct economics which has successfully been censored.
https://www.amazon.com/Choice-Cooperation-Enterprise-Human-Action/dp/1598132180

2024-09-24 07:22:24

Hot tip - Do eat well, but your identity does not need to be tied to your diet.