Ep 58 Understanding Bitcoin Mining - Demand pool, Stratum V2, And The Death Of FPPS

In this episode of the Build-a-Mine podcast, host Trevor Bello engages in an insightful conversation with General Kenobi, a seasoned bitcoin mining analyst and advocate for decentralization in the bitcoin mining space. They discuss the evolution of bitcoin mining protocols, particularly the transition from Stratum V1 to Stratum V2, and the implications of these changes for miners. Kenobi shares his personal journey into the bitcoin world, highlighting the importance of running your own node and the future of mining profitability. The duo also explores the challenges facing traditional payout models like FPPS and the need for innovative solutions in the industry. Tune in for a deep dive into the future of bitcoin mining and the principles that drive this revolutionary technology.

Links
X - https://x.com/demand_pool
X - @KenobiGeneral5
Kenobi Email - GeneralKenobi@dmnd.work
Nostr - Kenobi@iris.to

00:00 - Introduction
02:03 - Kenobi's journey in the bitcoin space
09:05 - Kenobi's realization about the future in blockchain
19:00 - Trends in bitcoin mining and key players
32:01 - The importance of decentralization in mining
33:39 - The need for secondary revenue sources in mining
39:10 - Discussion on the efficiency of bitcoin miners
42:10 - Introduction to Demand Pool and Stratum V2
51:08 - Historical context of Stratum V1 and V2
59:00 - Key improvements in Stratum V2
1:06:08 - The importance of running a node
1:10:38 - The significance of education in bitcoin mining
1:20:03 - The decline of FPPS and its implications
1:30:40 - Kenobi's philosophical take on bitcoin
1:34:00 - Closing thoughts and contact information

The Under|Mine Summit
https://denver.space/heatpunk_summit

Bitcoin Mining World - https://bitcoinminingworld.com/
MasterMINED - https://bitcoin.mastermined.club/⁠⁠⁠⁠⁠⁠
Trevor's X - https://x.com/TrevorBello
Trevors LinkedIn - / trevor-bello-1639ab301
⁠⁠⁠⁠⁠⁠⁠Trevors Nostr - TrevorBello@satlantis.io
Trevors Email - Trevor@bitcoinminingworld.com
Build-a-Mine X - https://x.com/BuildaMinePod
Build-a-Mine Nostr - BAM@primal.net
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Bitcoin Mining World and The Build-a-Mine Podcast are committed to empowering the next generation of Bitcoin miners. Our educational content is thoughtfully crafted to provide a solid foundational framework, equipping you with the knowledge and skills needed to successfully build your own Bitcoin mining operation. By purchasing equipment and infrastructure from Bitcoin Mining World, you directly support the creation of additional content and educational programs, driving the decentralization of Bitcoin and expanding the global mining ecosystem.