I mine Bitcoin Nostr: npub18d4tggkx87h3uqkhe2cy2p78ftwhmud2mvynwq2d7emlp0mz2tnqhuctce
Joined November 2013
- Tweets6.7K
- Following2.2K
- Followers855
- Likes32.2K
Pinned Tweet
This was a really cool experience. I haven't gotten to really share my story outside of the people close to me, and it was fun to talk and reminisce with @Beau_Turner21 about the process and experiences building out a full site.
There are so many people I've met and become friends with in the Bitcoin mining space. People I would never have had the opportunity to interact with if I had stayed in my fiat career.
That's why I really love this industry. I mentioned it in the talk, but there are not a lot of times in our lives where new sectors are being born in real time.
Back in the 1995 to 2000 time frame, with some dedication and perseverance, you could have really become an industry leader in a short time. The same was true in the dawn of the PC era in the 80s.
Even back as far as 1903, when Henry Ford started his company, it only took him 5 years until he was using assembly lines and he became the ONLY name in mass production automobiles....the leader in the industry.
We are there right now. The space is wide open. Bitcoin tailwinds have never been stronger and we are surrounded by a community of awesome psychopaths who have an opportunity to change the world.
Don't let that fiat job stand in your way of doing what you love. Ask for advice, do uncomfortable stuff, move fast, break things.
I'm loving the progress in the Bitcoin mining heating space. @AbundantMines is looking at a project right now, that would put us in the forefront of that use case. Heat reuse is often overlooked because it can't be easily transported. But using it direct on site for growing vegetables for local communities isn't something that most mines ever 'pencil in' to their business plans.
When I was trying to host my asics in 2021; I mean, the best feature I could hope for was, "They didn't steal my shit." And, sure enough...it happened. My miners, from back then, are probably to this day, still making some Russian Oligarch sats. The bar has been low for far too long.
As the industry matures, it's up to us raise the bar and our expectations and get more people mining. If you love this stuff and you want to do more, just don't stop. Build, teach, learn and share. The next opportunity of this magnitude might not come again in our lifetimes.
FULL INTERVIEW‼️- Joe Lively is a Bitcoin Mining Expert
From mining in his garage to building a full-scale industrial facility, Joe shares the key lessons and challenges of scaling a Bitcoin mining site.
There is no better conversation to listen to if you are looking into building a Bitcoin mining facility for yourself.
Timestamps:
00:00 - Intro
00:38 - Introducing Joe Lively
03:40 - Getting into Bitcoin mining
13:00 - Building an industrial-scale mining facility
30:40 - Turning a miner on for the first time
34:58 - Becoming an expert in the Bitcoin mining industry
43:39 - The unexpected cost of building a mining site
46:25 - Biggest challenges in building a mining site
51:31 - Key lessons learned in building a mining site
54:19 - The greatest joy in successfully creating a mining site
1:01:45 - Building your dream mining site
1:12:00 - Collecting wasted energy
1:17:41 - Outro
Lively Innovations retweeted
Check out BFOG partners, @jordanguess (@SatoshiPacioli) and @Beau_Turner21 on tomorrow’s Abundant Masterclass
Registration link in the original post👇
The biggest tax mistake in Bitcoin mining might happen before you ever plug in a machine.
It’s assuming that buying the equipment and deducting the equipment are the same event.
They’re not.
Timing matters.
How the equipment is purchased matters.
When it’s placed in service matters.
Your specific tax situation matters.
Tomorrow, we’re sitting down with CPA Jordan Guess to talk through how depreciation can work with Bitcoin mining equipment, what “placed in service” actually means, and the questions buyers should be asking before year-end.
If you’re considering turning part of this year’s tax liability into a productive asset you own, this is a conversation you’ll want to hear.
Register here: abundantmines.com/masterclas…
Lively Innovations retweeted
Thanks to Trump's tax cuts on investment, there are enormous write-offs to mining bitcoin.
There's only a couple months left in the tax year, to learn more check out this livestream from my sponsor @AbundantMines
There might be a tax strategy you haven't discussed with your CPA yet: Bitcoin mining.
For qualifying businesses, mining equipment may offer depreciation benefits worth exploring.
Join Abundant Mines cofounder Beau Turner and Jordan Guess, CPA, for a FREE live masterclass on the potential tax advantages of Bitcoin mining and the questions worth asking before year-end.
Wednesday, October 28
11 AM Pacific | 2 PM Eastern
Live on Zoom | Free to attend
Bring your questions for a live Q&A!
Register for FREE: abundantmines.com/masterclas…
For educational purposes only. Tax benefits depend on individual circumstances and applicable tax laws. Consult your CPA.
Lively Innovations retweeted
POV: You finally ask the Abundant Mines team what they actually do all day.
Hope that cleared things up. 😂⛏️
Lively Innovations retweeted
Abundant Mines clients can explore AnchorWatch's custody options, with optional insurance for eligible U.S. customers. The partnership is live, and we're here to help you plan how to hold the Bitcoin you mine.
The Coldcard security incident shook the industry.
Security assumptions were challenged. Bitcoiners reevaluated their setups. And leaders and businesses rose to the challenge.
@AnchorWatch, led by @Rob1Ham and @BeccaAmilee, exemplified what strong leadership looks like under pressure.
On behalf of everyone at Abundant Mines, we want to express our deepest gratitude. Thank you to both of you and your teams for your dedication and commitment to helping our clients protect their Bitcoin and restore peace of mind.
While our partnership has been in the works for some time, recent events have reinforced just how important industry collaboration is.
Abundant Mines is proud to officially announce our partnership with AnchorWatch.
Through this partnership, Abundant Mines clients receive preferred pricing and exclusive client incentives on AnchorWatch's Bitcoin custody platform, along with access to optional insurance.
Every client's Bitcoin custody strategy should reflect their unique goals, experience, and comfort level. Our responsibility is to educate clients on the available options so they can make informed decisions with confidence.
Because protecting your mining operation is only part of the equation. Protecting the Bitcoin it produces matters just as much.
Read our Press Release: abundantmines.com/abundant-m…
Lively Innovations retweeted
The recent Coldcard incident isn’t just a hardware wallet story.
It is a reminder that protecting your Bitcoin requires just as much thought and planning as acquiring it.
(When it comes to the acquiring part of the equation, we prefer mining it, but that’s a story for another day.)
In this episode of Hosting Bitcoin, @BeccaAmilee of @AnchorWatch joins Beau Turner to discuss the biggest risks Bitcoin holders face and how to think more critically about custody.
We also discuss our newly launched partnership!
Through this partnership, Abundant Mines clients and community receive preferred pricing and exclusive incentives on AnchorWatch's Bitcoin custody platform, along with access to optional insurance. (Preferred pricing code mentioned in the episode 👀)
Timestamps:
00:00 Introduction
02:10 Becca's Bitcoin Journey
14:47 Bitcoin Custody Explained
26:03 Social Engineering & Security Risks
45:08 AnchorWatch & Abundant Mines Partnership
Watch the full conversation 👇
Lively Innovations retweeted
The Coldcard security incident shook the industry.
Security assumptions were challenged. Bitcoiners reevaluated their setups. And leaders and businesses rose to the challenge.
@AnchorWatch, led by @Rob1Ham and @BeccaAmilee, exemplified what strong leadership looks like under pressure.
On behalf of everyone at Abundant Mines, we want to express our deepest gratitude. Thank you to both of you and your teams for your dedication and commitment to helping our clients protect their Bitcoin and restore peace of mind.
While our partnership has been in the works for some time, recent events have reinforced just how important industry collaboration is.
Abundant Mines is proud to officially announce our partnership with AnchorWatch.
Through this partnership, Abundant Mines clients receive preferred pricing and exclusive client incentives on AnchorWatch's Bitcoin custody platform, along with access to optional insurance.
Every client's Bitcoin custody strategy should reflect their unique goals, experience, and comfort level. Our responsibility is to educate clients on the available options so they can make informed decisions with confidence.
Because protecting your mining operation is only part of the equation. Protecting the Bitcoin it produces matters just as much.
Read our Press Release: abundantmines.com/abundant-m…
Lively Innovations retweeted
Just recorded a great pod with @AbundantMines CEO @Beau_Turner21. We know many people are reconsidering how they hold their Bitcoin, so we broke down all the custody types (not sure AnchorWatch's).
Had a chance to dive into our new Multi-Institution Custody vault, but also talked about the realities that you must consider when choosing your custody.
What's the plan for business continuity? What are the statistically biggest risks to lose your Bitcoin? How will your Bitcoin behave if you die suddenly? Can your custody survive a hardware wallet failure?
Real talk, because you can't skip over those questions.
Great conversation, looking forward to sharing it with you!
Lively Innovations retweeted
Stories that remind us what this community is really about.
A huge shoutout to our site technician, Rick
When the Coldcard exploit news broke, another site tech from our team was already hours from home, headed off-grid on a weekend camping trip after driving through the mountains with no service. Instead of risking another 3+ hours of exposure by turning around to return home, Rick drove to their house, dug up their backup, FaceTimed from the backyard, and helped them recover their family’s bitcoin from a truck stop on the side of I-5 using a phone hotspot.
As a result, they secured their funds, helped two more friends do the same, and went on to enjoy a stress-free weekend with their family.
Moments like these are why we’re still incredibly optimistic about Bitcoin.
This experience will make self-custody stronger. The tools will improve. The standards will improve. And the community continues to prove it’s our greatest strength.
Not your entropy.
Not your coins.
But also...
Not alone.
Lively Innovations retweeted
The past few days have been extremely difficult for many in the Bitcoin community. We’ve watched people lose funds, search for answers, and wonder what to do next.
No one should have to navigate a situation like this alone.
Our Client Success Lead, Sydney Bright - @brightmindsco, is opening his calendar to anyone affected, not just Abundant Mines clients.
If you have a Coldcard wallet, are unsure if you’re affected, or just want guidance on how to make sure your bitcoin is secure, schedule a time with Sydney. There is no cost, no requirement.
Bitcoin grows stronger when we help each other.
If you need support, schedule a call with him.
calendly.com/hello-abundantm…
Lively Innovations retweeted
The bitcoin industry is tiny, and being a decent human being is the most valuable form of capital you can raise and retain. It takes years to build, and days to destroy. Those who internalize that mentality last, those who don't crash out within one to two cycles.
CBA is built on a decade of personal relationship building in this space, and will be around for years to come, serving clients to our absolute best ability, even when it is not the most profitable path. The goal is to advance the freedom movement that is bitcoin. If we stack a few sats along the way, great.
Lively Innovations retweeted
My friends at @AbundantMines made an offer I couldn't refuse and I grew my mining fleet by 50% today. Thanks @Beau_Turner21 and your tremendous staff for the opportunity. You're always putting your customers first!
Lively Innovations retweeted
Some things make more sense when you see them in person.
That's why we open our doors, answer questions, and show people how everything works.
We believe understanding builds confidence.
Lively Innovations retweeted
It isn't until you're reminded how fragile life is that you realize your most valuable asset isn't Bitcoin. It's time.
That realization sits at the heart of this episode of Hosting Bitcoin with @WalkerAmerica.
Vulnerable moments are shared in the wake of @carlabitcoin's harrowing medical emergency, but rest assured, Walker hasn't lost his wit or charisma. Expect to laugh, reflect, and, in typical Walker fashion, enjoy a few soapbox moments.
Rants include, but are not limited to:
08:00 Going Back to Stoicism
30:00 You Don't Want Bitcoin
31:30 No One Says This on Their Deathbed
39:00 Time Is the Currency of Our Lives
49:00 Walker "The Chart Guy" (Courtesy of James Check & Michael Sullivan's research)
52:00 Nobody Cares About Bitcoin (Bullish!)
1:08:00 Buddies Peter Schiff & American Hodl
1:22:00 Why the Genie Is Out of the Bottle
1:25:00 Nihilism Is a Trap
This is a conversation about remembering why Bitcoin matters in the first place.
Watch the full episode here! 👇
Lively Innovations retweeted
Powerful financial institutions tried to starve WikiLeaks into silence.
Bitcoin kept it alive.
The two became allies in a shared fight against censorship and financial gatekeeping, creating one of the earliest demonstrations that Bitcoin is "freedom money."
Supported by Jack Dorsey, The $6 Billion Man tells the story of Julian Assange and reveals that transparency is what centralized power fears most.
This film is a powerful reminder that truth always finds a way to come to light.
Lively Innovations retweeted
I met them out at @BITCOINisforALL. They were all great. They had a drawing and gave out three Bitaxe Gamma miners. I was fortunate enough to win the third drawing and have mine set up running to Public Pool through my Umbrel node that your video helped me build in 2021. 🧡₿
Lively Innovations retweeted
A couple of key events coming up this June which have proven to be very valuable based on past participants' feedback.
1. Art of Living breathwork course. 19-21 June (Fri-Sun) 12pm-2.30pm ET (I will be co-teaching this)
Highly recommended for anyone who wants to upgrade their ability to focus, demonstrate leadership present, improve executive function and decision making and upgrade energy levels.
Contact me for registration
2. 10-week group coaching for Bitcoin founders, leaders and influencers starts end of month. This also qualifies you to be eligible for the Bitcoin mastermind that I run.
This is a highly curated group where you experience world-class coaching in high-performance environment of your peers.
Entry to this is by application. Contact me if you would like to apply
Lively Innovations retweeted
Another inspiring Bitcoin story
Buena Vista, Colorado is becoming a new Bitcoin hub
* already 19 businesses onboarded already (more than Colorado Spings)
* Chamber of Commerce actively promoting it
* Feedback from businesses (who were not bitcoiners) includes:
"Our instore sales have increased, and 20% of our sales are now in Bitcoin"
"it feels cleaner"
"it feels more natural"
"1 in 8 of our sales are now in Bitcoin"
How did this happen?
One person who in his spare time doing something we can all do - talking to people with a mindset of service.
Luke Cortese(@ABCundrstandBTC) is the honeybadger who has been behind this incredible story.
But it gets better
Each month he runs a "treasure hunt" where new members of the community learn about Bitcoin. 25 new people started using Bitcoin on the last one.
AND
He's open sourcing the model so other small towns across the country can start onboarding new businesses. He's already gotten enquiries from neighboring towns, and states.