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even then though, i bet we get derision. When that time comes i want to start a bitcoin group where everyone meets up in their supercars that they bought from btc profits | r/bitcoin | even then though, i bet we get derision. When that time comes i want to start a bitcoin group where everyone meets up in their supercars that they bought from btc profits | r/Bitcoin | 2024-23-05 |
Try to make it seem like it’s something you’re interested in but don’t know much about. If someone is curious the conversation is easy. Some people just don’t care to hear about it. | r/bitcoin | Try to make it seem like it’s something you’re interested in but don’t know much about. If someone is curious the conversation is easy. Some people just don’t care to hear about it. | r/Bitcoin | 2024-23-05 |
A tattered passport. | r/bitcoin | A tattered passport. | r/Bitcoin | 2024-23-05 |
Outside this sub, my first rule of Bitcoin is… | r/bitcoin | Outside this sub, my first rule of Bitcoin is… | r/Bitcoin | 2024-23-05 |
like...more cash than in their house, or more BTC than the value of their house? | r/bitcoin | like...more cash than in their house, or more BTC than the value of their house? | r/Bitcoin | 2024-23-05 |
is that because you feel people won't be able to talk about it? | r/bitcoin | is that because you feel people won't be able to talk about it? | r/Bitcoin | 2024-23-05 |
Most people don't know enough about Bitcoin to talk about it. Most are not even interested in talking about it because their mind is already made up.
And I don't want to be the guy always talking about Bitcoin and having to endure the discussions every time Bitcoin has a little dip (especially when they themselves bought some because of my enthousiasm). | r/bitcoin | Most people don't know enough about Bitcoin to talk about it. Most are not even interested in talking about it because their mind is already made up.
And I don't want to be the guy always talking about Bitcoin and having to endure the discussions every time Bitcoin has a little dip (especially when they themselves bought some because of my enthousiasm). | r/Bitcoin | 2024-23-05 |
but they're getting screwed by the banks EVERY SINGLE DAY! The thing I truly love about Bitcoin is that it gives me a small feeling of satisfaction, as though it's a middle finger to all of those that don't want us to succeed. | r/bitcoin | but they're getting screwed by the banks EVERY SINGLE DAY! The thing I truly love about Bitcoin is that it gives me a small feeling of satisfaction, as though it's a middle finger to all of those that don't want us to succeed. | r/Bitcoin | 2024-23-05 |
Most likely both. But I meant that I have more value in bitcoin then they have in their primary residence. | r/bitcoin | Most likely both. But I meant that I have more value in bitcoin then they have in their primary residence. | r/Bitcoin | 2024-23-05 |
I don't tell them anything anymore. They had their chance to buy and blew it. | r/bitcoin | I don't tell them anything anymore. They had their chance to buy and blew it. | r/Bitcoin | 2024-23-05 |
Insane butter bait | r/bitcoin | Insane butter bait | r/Bitcoin | 2024-23-05 |
i love it when start asking if its time to buy! | r/bitcoin | i love it when start asking if its time to buy! | r/Bitcoin | 2024-23-05 |
OP you're *this* close to a realization. | r/bitcoin | OP you're *this* close to a realization. | r/Bitcoin | 2024-23-05 |
There are many realisations you can come to, which one are you meaning? That people don't want change even if it's for their own good and will actively seek out that what hurts them most, even if they don't realise they're doing it? That's what i'm starting to think. | r/bitcoin | There are many realisations you can come to, which one are you meaning? That people don't want change even if it's for their own good and will actively seek out that what hurts them most, even if they don't realise they're doing it? That's what i'm starting to think. | r/Bitcoin | 2024-23-05 |
You realize you literally sound like a conspiracy nut right now, right? "Why am I the only one in my life who knows this INTERNET TRUTH that everyone else rejects for no reason?!? ARE THEY STUPID?!?"
The realization I was referring to is that sometimes when everyone else seems crazy, it's not them. Just saying. | r/bitcoin | You realize you literally sound like a conspiracy nut right now, right? "Why am I the only one in my life who knows this INTERNET TRUTH that everyone else rejects for no reason?!? ARE THEY STUPID?!?"
The realization I was referring to is that sometimes when everyone else seems crazy, it's not them. Just saying. | r/Bitcoin | 2024-23-05 |
Just the way you all try to talk and convince people… it really sounds like a scam 😂 | r/bitcoin | Just the way you all try to talk and convince people… it really sounds like a scam 😂 | r/Bitcoin | 2024-23-05 |
We have a lot of newcomers entering the Bitcoin space recently who are exploring different exchanges and such. Some users are developing a habit of asking if various random websites some complete stranger PM'd them is a scam or not. Sometimes these sites are completely unrelated to Bitcoin. This is not the purpose of r/Bitcoin.
* Do not trust unsolicited messages telling you to check out some shady website.
* Do not trust Discord randos telling you that you won a prize.
* Do not trust anyone who promises guaranteed profits.
* Do not trust website with unpronounceable domain names
* Do not trust anyone claiming to give away free Bitcoin. (YouTube, Twitter, Discord)
* Do not trust anyone claiming they will double however much Bitcoin you send them.
* Do not trust 'pretty girls' on Tinder telling you about new investment opportunities.
* **If you have to ask** if some sketchy website or special offer is a scam, **then it probably is.**
You have to learn to think for yourselves. Recognize that there are many tricksters out there who will go to great lengths to separate you from your Bitcoin. Use your head and stay safe. If you send your Bitcoin to a scammer, it's gone forever. There are no refunds!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Bitcoin) if you have any questions or concerns.* | r/bitcoin | We have a lot of newcomers entering the Bitcoin space recently who are exploring different exchanges and such. Some users are developing a habit of asking if various random websites some complete stranger PM'd them is a scam or not. Sometimes these sites are completely unrelated to Bitcoin. This is not the purpose of r/Bitcoin.
* Do not trust unsolicited messages telling you to check out some shady website.
* Do not trust Discord randos telling you that you won a prize.
* Do not trust anyone who promises guaranteed profits.
* Do not trust website with unpronounceable domain names
* Do not trust anyone claiming to give away free Bitcoin. (YouTube, Twitter, Discord)
* Do not trust anyone claiming they will double however much Bitcoin you send them.
* Do not trust 'pretty girls' on Tinder telling you about new investment opportunities.
* **If you have to ask** if some sketchy website or special offer is a scam, **then it probably is.**
You have to learn to think for yourselves. Recognize that there are many tricksters out there who will go to great lengths to separate you from your Bitcoin. Use your head and stay safe. If you send your Bitcoin to a scammer, it's gone forever. There are no refunds!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Bitcoin) if you have any questions or concerns.* | r/Bitcoin | 2024-23-05 |
I just woke up it's been 5 minutes but I had a bad dream last night that bitcoin went to a billion dollars and I couldn't cash out.
So if bitcoin went to some exponential number do we all face the risk that these exchanges would not be able to cover our sales? | r/bitcoin | I just woke up it's been 5 minutes but I had a bad dream last night that bitcoin went to a billion dollars and I couldn't cash out.
So if bitcoin went to some exponential number do we all face the risk that these exchanges would not be able to cover our sales? | r/Bitcoin | 2024-23-05 |
If one bitcoin was $1 billion then things would be priced in bitcoin not dollars and you wouldnt ever need to cash out | r/bitcoin | If one bitcoin was $1 billion then things would be priced in bitcoin not dollars and you wouldnt ever need to cash out | r/Bitcoin | 2024-23-05 |
If bitcoin hits $1,000,000,000 USD we got more to worry about than cashing out.
Bitcoin would most likely be the currency of the world at that point. | r/bitcoin | If bitcoin hits $1,000,000,000 USD we got more to worry about than cashing out.
Bitcoin would most likely be the currency of the world at that point. | r/Bitcoin | 2024-23-05 |
I expect Bitcoin to be worth $1B, but probably not for another 50-100 years.
The price is based on supply and demand. If there is enough demand for it to be worth $1B/coin, there will undoubtedly be some way to transact. | r/bitcoin | I expect Bitcoin to be worth $1B, but probably not for another 50-100 years.
The price is based on supply and demand. If there is enough demand for it to be worth $1B/coin, there will undoubtedly be some way to transact. | r/Bitcoin | 2024-23-05 |
Keep dreaming... | r/bitcoin | Keep dreaming... | r/Bitcoin | 2024-23-05 |
BTC at 700k has the market cap of gold.... yall need to stop being stupid. | r/bitcoin | BTC at 700k has the market cap of gold.... yall need to stop being stupid. | r/Bitcoin | 2024-23-05 |
What? He's saying that exchange for dollars would no longer exist, not exchange for goods and services. | r/bitcoin | What? He's saying that exchange for dollars would no longer exist, not exchange for goods and services. | r/Bitcoin | 2024-23-05 |
Exchanges don't give you their own money when you "cash out" | r/bitcoin | Exchanges don't give you their own money when you "cash out" | r/Bitcoin | 2024-23-05 |
Do you currently eat, drive and live in a dollar? | r/bitcoin | Do you currently eat, drive and live in a dollar? | r/Bitcoin | 2024-23-05 |
How has this not been commented 15 times already? Does OP clearly has no idea how Bitcoin works | r/bitcoin | How has this not been commented 15 times already? Does OP clearly has no idea how Bitcoin works | r/Bitcoin | 2024-23-05 |
Still comical to think the US dollar will despair the Zimbabwe dollar still exist, the venezuelan bolivar, the Argentinan peso etc did not disappear either | r/bitcoin | Still comical to think the US dollar will despair the Zimbabwe dollar still exist, the venezuelan bolivar, the Argentinan peso etc did not disappear either | r/Bitcoin | 2024-23-05 |
Cup of coffee would be 10,000. This is a disaster scenario. Gradual growth allows for population level adaptation. This is what we want for humanity. | r/bitcoin | Cup of coffee would be 10,000. This is a disaster scenario. Gradual growth allows for population level adaptation. This is what we want for humanity. | r/Bitcoin | 2024-23-05 |
bitcoin will not go 10x bc if it does I will be rich as all fuck lol | r/bitcoin | bitcoin will not go 10x bc if it does I will be rich as all fuck lol | r/Bitcoin | 2024-23-05 |
That seems like a bull case for Bitcoin to me. Are you saying that’s an absurd number? Gold is exactly one of the forms of wealth storage that BTC is ideally designed to replace. | r/bitcoin | That seems like a bull case for Bitcoin to me. Are you saying that’s an absurd number? Gold is exactly one of the forms of wealth storage that BTC is ideally designed to replace. | r/Bitcoin | 2024-23-05 |
I think it'd be silly to compare prices at that point. The price of the Zimbabwe dollar in USD is stupid to compare. As one is worthless.
Bitcoin in a billion would mean the USD would be like the Zimbabwe dollar where the government had printed trillions of dollars and it's worth nothing. | r/bitcoin | I think it'd be silly to compare prices at that point. The price of the Zimbabwe dollar in USD is stupid to compare. As one is worthless.
Bitcoin in a billion would mean the USD would be like the Zimbabwe dollar where the government had printed trillions of dollars and it's worth nothing. | r/Bitcoin | 2024-24-05 |
The price of bitcoin doesn't depend on bitcoin. It depends on how much currency is printed on the other side.
If the government decided to print 100 trillion tomorrow, BTC would likely go to a billion.
Just means that USD would be worthless. BTC would have the same value, in different denominations.
Its value increases with adoption. If the whole world used it, it would be extremely valuable, regardless of its currency denomination.
Value and price are 2 different things.
Price is a number denomination. You can call 1 or 10 or 100 and it has the same value.
1 Dollar = 100 Yen. It's 100x more but can have a similar value.
Value comes from usability and adoption. Supply and demand. And other dynamics. | r/bitcoin | The price of bitcoin doesn't depend on bitcoin. It depends on how much currency is printed on the other side.
If the government decided to print 100 trillion tomorrow, BTC would likely go to a billion.
Just means that USD would be worthless. BTC would have the same value, in different denominations.
Its value increases with adoption. If the whole world used it, it would be extremely valuable, regardless of its currency denomination.
Value and price are 2 different things.
Price is a number denomination. You can call 1 or 10 or 100 and it has the same value.
1 Dollar = 100 Yen. It's 100x more but can have a similar value.
Value comes from usability and adoption. Supply and demand. And other dynamics. | r/Bitcoin | 2024-24-05 |
lol what | r/bitcoin | lol what | r/Bitcoin | 2024-24-05 |
I wouldn't call it "bad" dream.
Also, always will be ppl buying, so I wouldn't worry about liquidity that much. | r/bitcoin | I wouldn't call it "bad" dream.
Also, always will be ppl buying, so I wouldn't worry about liquidity that much. | r/Bitcoin | 2024-24-05 |
best custodial lightning wallets reccos please ? what if our zpub key is exposed ? I mean blue wallet gives option to export zpub ? what is that ? And can cold wallets be self custodial? | r/bitcoin | best custodial lightning wallets reccos please ? what if our zpub key is exposed ? I mean blue wallet gives option to export zpub ? what is that ? And can cold wallets be self custodial? | r/Bitcoin | 2024-23-05 |
i want to ask that cold wallets are custodial wallets ? | r/bitcoin | i want to ask that cold wallets are custodial wallets ? | r/Bitcoin | 2024-24-05 |
Cold wallets are non-custodial | r/bitcoin | Cold wallets are non-custodial | r/Bitcoin | 2024-24-05 |
thanks | r/bitcoin | thanks | r/Bitcoin | 2024-24-05 |
r/bitcoin | r/Bitcoin | 2024-23-05 |
||
I just saw this on social media. I'm curious how efficient and loud this thing can be. | r/bitcoin | I just saw this on social media. I'm curious how efficient and loud this thing can be. | r/Bitcoin | 2024-23-05 |
No | r/bitcoin | No | r/Bitcoin | 2024-23-05 |
Found the site selling this: https://d-central.tech/product/the-nerdaxe/
> Introducing the NerdAxe: A revolutionary upgrade for NerdMiners, designed to dramatically enhance the efficiency and power of your Bitcoin mining operations. The NerdAxe upgrade transforms NerdMiners from 56 KH/s to a colossal 500 GH/s, catapulting the collective output of nearly 9 million times the power of a standard Nerdminer. The NerdAxe is ideal for those who embrace innovation and contribute to the evolution of open-source mining.
> Product is expected to start shipping on May 30, 2024.
> Expansion Kit: For NerdMiner Owners: This kit includes the board only, ready to upgrade your existing NerdMiner. It’s the recommended option for current NerdMiner users looking to enhance their setup.
> Full Kit: Complete Setup: Comes with the Lilygo NerdMiner screen attached to the device, offering a true plug-and-play experience with no upgrade needed. Ideal for those starting fresh or seeking a hassle-free setup. | r/bitcoin | Found the site selling this: https://d-central.tech/product/the-nerdaxe/
> Introducing the NerdAxe: A revolutionary upgrade for NerdMiners, designed to dramatically enhance the efficiency and power of your Bitcoin mining operations. The NerdAxe upgrade transforms NerdMiners from 56 KH/s to a colossal 500 GH/s, catapulting the collective output of nearly 9 million times the power of a standard Nerdminer. The NerdAxe is ideal for those who embrace innovation and contribute to the evolution of open-source mining.
> Product is expected to start shipping on May 30, 2024.
> Expansion Kit: For NerdMiner Owners: This kit includes the board only, ready to upgrade your existing NerdMiner. It’s the recommended option for current NerdMiner users looking to enhance their setup.
> Full Kit: Complete Setup: Comes with the Lilygo NerdMiner screen attached to the device, offering a true plug-and-play experience with no upgrade needed. Ideal for those starting fresh or seeking a hassle-free setup. | r/Bitcoin | 2024-23-05 |
I calculated the odds for my lottery miner about a year ago and it was well over 2K years to solve a block at the difficulty level at that time. Since the difficulty is ever increasing I’d imagine the odds are now at least double that. | r/bitcoin | I calculated the odds for my lottery miner about a year ago and it was well over 2K years to solve a block at the difficulty level at that time. Since the difficulty is ever increasing I’d imagine the odds are now at least double that. | r/Bitcoin | 2024-23-05 |
The bitaxe guys are arguing your odds are much better than lottery and you’re helping the network along the way too. | r/bitcoin | The bitaxe guys are arguing your odds are much better than lottery and you’re helping the network along the way too. | r/Bitcoin | 2024-23-05 |
What a hater lol, someone with a USB miner has mined a whole block by themselves | r/bitcoin | What a hater lol, someone with a USB miner has mined a whole block by themselves | r/Bitcoin | 2024-23-05 |
Pretty sure the difficulty dropped 10% a couple weeks ago | r/bitcoin | Pretty sure the difficulty dropped 10% a couple weeks ago | r/Bitcoin | 2024-23-05 |
Pretty cool, but it's basically like buying a lottery ticket each day | r/bitcoin | Pretty cool, but it's basically like buying a lottery ticket each day | r/Bitcoin | 2024-23-05 |
Yeah, sure... 🤣
Tell me something - if the odds are so good as claimed why do these guys don't build hundreds of these miners for themselves and also run 'em instead of selling them to naive gamblers/customers. That way they would keep the profit w/o sharing it, right?
All those lottery miners are a marketing scam and you know it. Not even an old S9 ever has the change to mine a single block. | r/bitcoin | Yeah, sure... 🤣
Tell me something - if the odds are so good as claimed why do these guys don't build hundreds of these miners for themselves and also run 'em instead of selling them to naive gamblers/customers. That way they would keep the profit w/o sharing it, right?
All those lottery miners are a marketing scam and you know it. Not even an old S9 ever has the change to mine a single block. | r/Bitcoin | 2024-23-05 |
So you're telling me there's a chance? | r/bitcoin | So you're telling me there's a chance? | r/Bitcoin | 2024-23-05 |
Yep | r/bitcoin | Yep | r/Bitcoin | 2024-23-05 |
> Not even an old S9 ever has the change to mine a single block.
Chance per block: 1 in 18,009,497
Chance per day: 1 in 125,066
Time estimate: 343 years | r/bitcoin | > Not even an old S9 ever has the change to mine a single block.
Chance per block: 1 in 18,009,497
Chance per day: 1 in 125,066
Time estimate: 343 years | r/Bitcoin | 2024-23-05 |
In fiat terms, yes, if you acquire an ASIC made in the last 2 years at a decent price and have an electric rate less than $0.07/kWh. In BTC terms, not by a long shot. You'll earn more BTC buying it with the money you'd spend on the hardware and electricity. | r/bitcoin | In fiat terms, yes, if you acquire an ASIC made in the last 2 years at a decent price and have an electric rate less than $0.07/kWh. In BTC terms, not by a long shot. You'll earn more BTC buying it with the money you'd spend on the hardware and electricity. | r/Bitcoin | 2024-23-05 |
These are sub 20W devices. Would cost less than $30/year to run unless you’re in Hawaii. | r/bitcoin | These are sub 20W devices. Would cost less than $30/year to run unless you’re in Hawaii. | r/Bitcoin | 2024-23-05 |
Can't wait to get mine, finally got a shipping label update. I have 3 BitAxes which are super cool as well. Excited to test them both soon. | r/bitcoin | Can't wait to get mine, finally got a shipping label update. I have 3 BitAxes which are super cool as well. Excited to test them both soon. | r/Bitcoin | 2024-23-05 |
*cries in PG&E* | r/bitcoin | *cries in PG&E* | r/Bitcoin | 2024-23-05 |
I wouldn't mind getting a Bitaxe, but is it worth having to claim such little bitcoin you mine on your taxes every year just to have a lottery miner. | r/bitcoin | I wouldn't mind getting a Bitaxe, but is it worth having to claim such little bitcoin you mine on your taxes every year just to have a lottery miner. | r/Bitcoin | 2024-23-05 |
A guy like me- I’d let a couple homeless dudes crash in my garage. Now I got buddies to shoot the shit with, security for my miner, and I can boast to others that I’m helping those in need | r/bitcoin | A guy like me- I’d let a couple homeless dudes crash in my garage. Now I got buddies to shoot the shit with, security for my miner, and I can boast to others that I’m helping those in need | r/Bitcoin | 2024-24-05 |
My kin in the year 16242 will love this. Remember boys, plant a tree so others can sit in the shade | r/bitcoin | My kin in the year 16242 will love this. Remember boys, plant a tree so others can sit in the shade | r/Bitcoin | 2024-24-05 |
Not necessarily, but it would help decentralize Bitcoin mining, and protect your Bitcoin investment.
Those don't use much electricity, and you have a very slight chance of finding a block (assuming you solo mine). I guess you could get some SATs on a few pools that are paying via Lightning now. During the winter, it adds a bit of heat to offset the electricity.
But, one of the biggest vulnerabilities to Bitcoin right now is mining centralization. So, we need millions of pleb miners running these and other such devices. | r/bitcoin | Not necessarily, but it would help decentralize Bitcoin mining, and protect your Bitcoin investment.
Those don't use much electricity, and you have a very slight chance of finding a block (assuming you solo mine). I guess you could get some SATs on a few pools that are paying via Lightning now. During the winter, it adds a bit of heat to offset the electricity.
But, one of the biggest vulnerabilities to Bitcoin right now is mining centralization. So, we need millions of pleb miners running these and other such devices. | r/Bitcoin | 2024-24-05 |
True, but also factor in what helping decentralize mining is worth. | r/bitcoin | True, but also factor in what helping decentralize mining is worth. | r/Bitcoin | 2024-24-05 |
Yes, in a very similar situation, just with less $ input, as I did it with a S17Pro... but also less efficiency (so less earnings for the electricity used).
But, the learning, friends, discovering OSMU (Open Source Miners United) [https://opensourceminers.org/](https://opensourceminers.org/) , etc. have been pretty priceless. Plus, as much as we can afford to run them now, we help decentralize mining. What is that worth? :) | r/bitcoin | Yes, in a very similar situation, just with less $ input, as I did it with a S17Pro... but also less efficiency (so less earnings for the electricity used).
But, the learning, friends, discovering OSMU (Open Source Miners United) [https://opensourceminers.org/](https://opensourceminers.org/) , etc. have been pretty priceless. Plus, as much as we can afford to run them now, we help decentralize mining. What is that worth? :) | r/Bitcoin | 2024-24-05 |
I don't disagree. It's certainly beneficial to the network overall to have more home miners, and I encourage anyone who is interested in doing so. But if your goal is to stack as much sats as possible, mining isn't going to get you as far. In terms of opportunity cost, it's very expensive.
Doing the math before I purchased the ASIC, it was clear to me that this would likely be the outcome. That's the main reason I only purchased one. | r/bitcoin | I don't disagree. It's certainly beneficial to the network overall to have more home miners, and I encourage anyone who is interested in doing so. But if your goal is to stack as much sats as possible, mining isn't going to get you as far. In terms of opportunity cost, it's very expensive.
Doing the math before I purchased the ASIC, it was clear to me that this would likely be the outcome. That's the main reason I only purchased one. | r/Bitcoin | 2024-24-05 |
The post was a comparison of two outcomes over the same time frame, one mining over the course of a year, one buying over the course of the same year. Both with the same capital expenditure. Mining yielded 10,500,000 sats, buying yielded 18,000,000 sats. Buying yielded 80% additional bitcoin. If/when Bitcoin reaches $500k, both scenarios were clearly worth it, just one much more worth it than the other. | r/bitcoin | The post was a comparison of two outcomes over the same time frame, one mining over the course of a year, one buying over the course of the same year. Both with the same capital expenditure. Mining yielded 10,500,000 sats, buying yielded 18,000,000 sats. Buying yielded 80% additional bitcoin. If/when Bitcoin reaches $500k, both scenarios were clearly worth it, just one much more worth it than the other. | r/Bitcoin | 2024-24-05 |
the btc will be 100% new, non traceable back to you tho | r/bitcoin | the btc will be 100% new, non traceable back to you tho | r/Bitcoin | 2024-24-05 |
Less than 14 w, so approx. 122 kw hours, so at $0.07 like $8, or $12 at 0.10, etc.
In terms of earnings, current rate is \~80 SATs/TH/day, so 0.5 TH is \~14600 SATs per year (\~$13.60). So, slight profit if electricity is low enough, but the SATs will probably be worth more in the future.
You're not going to justify the cost of the unit itself in this equation, as even if electricity were free, it would take years to pay for itself.
That's probably why a lot of people just solo mine, or if buying it anyway, maybe add some hashrate to other hashrate they are generating to get to payouts (ex. I have an S17Pro I'm mining with to Ocean... every 0.5 TH/s helps.).
Keep in mind the BM1366 is the same ASIC chip from the S19XP, so this is a similar boat the big industrial miners are in, just at a different scale.
The nice thing about solo mining (or mining with Ocean or certain other pools), is that you're adding hashrate to the non-centralized side of the equation. That's worth something, too. And, maybe you'll find a block as a big bonus. | r/bitcoin | Less than 14 w, so approx. 122 kw hours, so at $0.07 like $8, or $12 at 0.10, etc.
In terms of earnings, current rate is \~80 SATs/TH/day, so 0.5 TH is \~14600 SATs per year (\~$13.60). So, slight profit if electricity is low enough, but the SATs will probably be worth more in the future.
You're not going to justify the cost of the unit itself in this equation, as even if electricity were free, it would take years to pay for itself.
That's probably why a lot of people just solo mine, or if buying it anyway, maybe add some hashrate to other hashrate they are generating to get to payouts (ex. I have an S17Pro I'm mining with to Ocean... every 0.5 TH/s helps.).
Keep in mind the BM1366 is the same ASIC chip from the S19XP, so this is a similar boat the big industrial miners are in, just at a different scale.
The nice thing about solo mining (or mining with Ocean or certain other pools), is that you're adding hashrate to the non-centralized side of the equation. That's worth something, too. And, maybe you'll find a block as a big bonus. | r/Bitcoin | 2024-24-05 |
Looks like they removed the post. :( Not sure if you'll see this, but agreed! | r/bitcoin | Looks like they removed the post. :( Not sure if you'll see this, but agreed! | r/Bitcoin | 2024-24-05 |
Good point! I retract my statement! | r/bitcoin | Good point! I retract my statement! | r/Bitcoin | 2024-24-05 |
I see, so the device is efficient vs current miners and ROI is at least breakeven looking at only the cost of electricity. The down side is the cost of the device and it's depreciation vs it's output, which still heavily favours buying lottery tickets, but I guess if someone got it as a gift or justified the upfront cost as a hobby, then they can justify still running the thing after they have bought it. | r/bitcoin | I see, so the device is efficient vs current miners and ROI is at least breakeven looking at only the cost of electricity. The down side is the cost of the device and it's depreciation vs it's output, which still heavily favours buying lottery tickets, but I guess if someone got it as a gift or justified the upfront cost as a hobby, then they can justify still running the thing after they have bought it. | r/Bitcoin | 2024-24-05 |
More or less, though I have no idea how (typical) state or country lottery odds might compare with the odds involved with Bitcoin solo-mining, though the payout isn't as big as most lotteries, either.
If you want to see what the odds are for a certain amount of hashrate:
[https://solochance.com](https://solochance.com)
Another factor, is running it to help add hashrate in the decentralized column. If every Bitcoiner ran a little miner like that, it would be much harder for any of the big players to have the current lock on the hashrate pie. | r/bitcoin | More or less, though I have no idea how (typical) state or country lottery odds might compare with the odds involved with Bitcoin solo-mining, though the payout isn't as big as most lotteries, either.
If you want to see what the odds are for a certain amount of hashrate:
[https://solochance.com](https://solochance.com)
Another factor, is running it to help add hashrate in the decentralized column. If every Bitcoiner ran a little miner like that, it would be much harder for any of the big players to have the current lock on the hashrate pie. | r/Bitcoin | 2024-25-05 |
I think these are "mining lotteries"
Where you buy a toy model miner with a slim chance to eventually find a block | r/bitcoin | I think these are "mining lotteries"
Where you buy a toy model miner with a slim chance to eventually find a block | r/Bitcoin | 2024-27-05 |
r/bitcoin | r/Bitcoin | 2024-23-05 |
||
r/bitcoin | r/Bitcoin | 2024-23-05 |
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Yeah he is conflating “distrust” with “trustless”
“Money is the apogee of human tolerance. Money is more open-minded than language, state laws, cultural codes, religious beliefs and social habits. Money is the only trust system created by humans that can bridge almost any cultural gap, and that does not discriminate on the basis of religion, gender, race, age or sexual orientation.” - his own writing
But how does a money get to this point? Somewhat paradoxically, it has to be trustless. Trust does not even factor into the equation when I tap my credit card to pay for lunch. | r/bitcoin | Yeah he is conflating “distrust” with “trustless”
“Money is the apogee of human tolerance. Money is more open-minded than language, state laws, cultural codes, religious beliefs and social habits. Money is the only trust system created by humans that can bridge almost any cultural gap, and that does not discriminate on the basis of religion, gender, race, age or sexual orientation.” - his own writing
But how does a money get to this point? Somewhat paradoxically, it has to be trustless. Trust does not even factor into the equation when I tap my credit card to pay for lunch. | r/Bitcoin | 2024-23-05 |
Who? | r/bitcoin | Who? | r/Bitcoin | 2024-23-05 |
Yeah well he’s a degen so his opinion doesn’t matter | r/bitcoin | Yeah well he’s a degen so his opinion doesn’t matter | r/Bitcoin | 2024-23-05 |
Kind of a shame, he got the gist of AI so spot on in _Homo Deus_ but he never (or still hasn't) figured out that Blockchain is the other piece of the puzzle of Dataism | r/bitcoin | Kind of a shame, he got the gist of AI so spot on in _Homo Deus_ but he never (or still hasn't) figured out that Blockchain is the other piece of the puzzle of Dataism | r/Bitcoin | 2024-23-05 |
WEF stooge, not surprised. | r/bitcoin | WEF stooge, not surprised. | r/Bitcoin | 2024-23-05 |
meanwhile Mr Harari is a person of distrust | r/bitcoin | meanwhile Mr Harari is a person of distrust | r/Bitcoin | 2024-23-05 |
Currency of distrust in in the fiat system, the stock market and the status quo. | r/bitcoin | Currency of distrust in in the fiat system, the stock market and the status quo. | r/Bitcoin | 2024-23-05 |
Trust in government is communism. Distrust is a foundation of democracy. | r/bitcoin | Trust in government is communism. Distrust is a foundation of democracy. | r/Bitcoin | 2024-23-05 |
Normally like him but he's so wrong on this one | r/bitcoin | Normally like him but he's so wrong on this one | r/Bitcoin | 2024-23-05 |
*Sapiens* is clearly brilliant work. Well researched and thoughtful.
He’s wrong about Bitcoin - or maybe he’s right - time will tell. But two things can be true. A person can be brilliant and also be wrong. Buffett, Harari, Gates… all brilliant; all probably wrong about Bitcoin. | r/bitcoin | *Sapiens* is clearly brilliant work. Well researched and thoughtful.
He’s wrong about Bitcoin - or maybe he’s right - time will tell. But two things can be true. A person can be brilliant and also be wrong. Buffett, Harari, Gates… all brilliant; all probably wrong about Bitcoin. | r/Bitcoin | 2024-23-05 |
How is he a degenerate? | r/bitcoin | How is he a degenerate? | r/Bitcoin | 2024-23-05 |
This idiot thinks we can implant microchips and do all kinds of body modifications that literally hundreds of years in the future,
*BUT HE CAN'T FIND ANYTHING THAT WILL PUT HAIR ON HIS FUCKING STUPID SHINY HEAD*
🤡🤡🤡🤡🤡
Maybe fix that problem first, wannabe dictator freak.
By the way Yuval, go fuck yourself and tell Klaus Schwab to go fuck himself as well. Actually, just go fuck each other and leave normal people alone with your plans of world domination and control. | r/bitcoin | This idiot thinks we can implant microchips and do all kinds of body modifications that literally hundreds of years in the future,
*BUT HE CAN'T FIND ANYTHING THAT WILL PUT HAIR ON HIS FUCKING STUPID SHINY HEAD*
🤡🤡🤡🤡🤡
Maybe fix that problem first, wannabe dictator freak.
By the way Yuval, go fuck yourself and tell Klaus Schwab to go fuck himself as well. Actually, just go fuck each other and leave normal people alone with your plans of world domination and control. | r/Bitcoin | 2024-23-05 |
Fucking ghoul | r/bitcoin | Fucking ghoul | r/Bitcoin | 2024-23-05 |
So… for millennia, mankind thought there was only trust or distrust.
Bitcoin introduced a third state of currency. Trustless. | r/bitcoin | So… for millennia, mankind thought there was only trust or distrust.
Bitcoin introduced a third state of currency. Trustless. | r/Bitcoin | 2024-23-05 |
I dont care about a zionists opinion | r/bitcoin | I dont care about a zionists opinion | r/Bitcoin | 2024-23-05 |
Screw that guy and the antichrist. | r/bitcoin | Screw that guy and the antichrist. | r/Bitcoin | 2024-23-05 |
He’s a Master debater - just do whatever he says not to - you’ll be good | r/bitcoin | He’s a Master debater - just do whatever he says not to - you’ll be good | r/Bitcoin | 2024-23-05 |
He is not lying, it’s trustless, but in a good way, not like he’s trying to portray it | r/bitcoin | He is not lying, it’s trustless, but in a good way, not like he’s trying to portray it | r/Bitcoin | 2024-23-05 |
I distrust horrible little wef gremlin cucks | r/bitcoin | I distrust horrible little wef gremlin cucks | r/Bitcoin | 2024-23-05 |
He's Klaus Schwab's right hand man, that's how | r/bitcoin | He's Klaus Schwab's right hand man, that's how | r/Bitcoin | 2024-23-05 |
"trust me bro" is literally an insult.
Always verify. | r/bitcoin | "trust me bro" is literally an insult.
Always verify. | r/Bitcoin | 2024-24-05 |
This is funny to me because it was after reading Sapiens that Bitcoin finally made sense to me… | r/bitcoin | This is funny to me because it was after reading Sapiens that Bitcoin finally made sense to me… | r/Bitcoin | 2024-24-05 |
Sounds like Yuval has no idea what he’s talking about! | r/bitcoin | Sounds like Yuval has no idea what he’s talking about! | r/Bitcoin | 2024-24-05 |
Banker buddies? | r/bitcoin | Banker buddies? | r/Bitcoin | 2024-24-05 |
His point was about as far away from a 'slam' as possible. Stupid post. | r/bitcoin | His point was about as far away from a 'slam' as possible. Stupid post. | r/Bitcoin | 2024-24-05 |
World Economic Forum | r/bitcoin | World Economic Forum | r/Bitcoin | 2024-24-05 |
That's like criticizing capitalism because it encourages competition... | r/bitcoin | That's like criticizing capitalism because it encourages competition... | r/Bitcoin | 2024-24-05 |
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