The title is not something that someone bestows upon you or issues you a rite of passage. Being a pleb miner is not defined by your total hash rate, how many watts are required to run your operations, or the complexity of your setup. It’s not defined by the amount of time you’ve been in Bitcoin, the number of sats in your stack or how many followers you have on Twitter. “Everyone has their own definition of a bitcoin pleb. That fact conveys the sentiment that not all the hash rate is controlled by pools or large mining operations, that individuals have had an enormous contribution to the network, individuals like pleb miners. There’s something beautifully mysterious about the fact that almost 364,000 blocks, approximately one-half of all blocks discovered throughout the timechain of various block rewards, have been discovered by ‘anonymous’ miners. Companies like Core Scientific and Marathon Digital control a commanding amount of the Bitcoin network’s hash rate, but 30% of all blocks ever discovered are labeled as being discovered by ‘unknown’ and almost 20% of all blocks categorized as ‘other’ (or extremely small miners). Much of the hash rate on the network is coordinated through large mining pools, like F2Pool, Antpool, Binance, and Foundry. “At an all-time high block-height later, Bitcoin is still running. Sometime in May 2010, Nakamoto turned off the Patoshi miner, confident that he had passed the torch onto the next generation of miners. He was the first miner, he was a pleb miner. He mined because he was passionate about the innovation that he built. Their goal was to discover blocks and secure the network.
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He shared the code with associates he knew online. He was possibly in his basement, garage, his lab, if you will. In reviewing this short Bitcoin history lesson, we bring light to the fact that Nakamoto wasn’t running a giant mining operation with a cool name, a board, investors, and billions in capital expenditures. It’s fascinating to look back at those first blocks difficulty of one, block reward 50 BTC, the delicate balance of the 10-minute mark was not quite there yet. Famously, on January 10, 2009, at 10:33 p.m., Hal Finney was ‘Running bitcoin,’ soon others joined in. The signature of his mining was later analyzed by Sergio Demian Lerner, he dubbed Nakamoto’s miner as Patoshi and its signature as the ‘Patoshi Pattern.’ Nakamoto mined solo until he invited Hal Finney and Martti Malmi to join in the network. “Nakamoto was obviously the first Bitcoin miner it’s estimated that he had up to 48 CPUs mining with another controlling the operation and/or on standby to protect against a 51% attack. Jon DiGiacomo made a statement to start off this celebratory month: Throughout the month of September, we will be raffling mining equipment and accessories. There will be some short features like “Bitesize Bitcoin” and “FUD Busters” covering various mining-related topics. This will include long-form interviews to highlight small-scale and home miners as well as the organizations and people that support them. Jon and Sarah DiGiacomo, MaxBitBuyBit and a group of other miners are planning Pleb Miner Month in September. Personally, this year I’d rather pick up another ASIC at these lower prices or buy some spare hardware right now. The leaching of “super altcoin token bonanza” is apparent as soon as you scan your RFID tag to get into the conference. However, there is not a single mining event that is truly Bitcoin-only.
These can be great networking events and there can be actionable educational workshops. You can easily drop $2,000 in a two- or three-day event.
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There are large mining conferences catered to big businesses and anyone who can pick up an $800 ticket to the show plus airfare, hotel, food and beverage funds.
Anyone who wants to mine should be able to mine. Bitcoin was always designed to be decentralized and available to all. Don’t get me wrong, there are some based big boys, but they’re not the topic here.
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