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sara🐺
3w ago
the world needs more of such projects and development. lots and lots more.
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npub1an6xs
@npub1an6xs
3w ago
Two that have gained real traction is a great start.
The home heating miner is another product line that will absolutely help with decentralization of hash. I think a lot of Bitcoiner’s do understand the problem of certain pools having too much hash and are willing to either lottery mine solo or dedicate hash to a pool other than foundry, ant or f2.
The 4 bit axes hitting for block rewards recently has definitely created a huge incentive for lottery mining. I think Bitaxe and the inevitable copycats are going to absolutely blow up in the next 5 years.
The home heating miner is another product line that will absolutely help with decentralization of hash. I think a lot of Bitcoiner’s do understand the problem of certain pools having too much hash and are willing to either lottery mine solo or dedicate hash to a pool other than foundry, ant or f2.
The 4 bit axes hitting for block rewards recently has definitely created a huge incentive for lottery mining. I think Bitaxe and the inevitable copycats are going to absolutely blow up in the next 5 years.
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sara🐺
@sway
3w ago
home heating miner! who would have thought. i've only recently heard about i and don't know much. it's creative with a practical use.
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npub1an6xs
@npub1an6xs
3w ago
I really think the home heating miners have the largest future. Everyone pays for heat. Bitcoiner’s understand opportunity cost but even normies will see the appeal in breaking even on heating costs.
If someone makes a reliable open source miner + heater that can hit payback in a year and I can break even on my heating bill thereafter by stacking non-KYC corn, sign me the fuck up.
I would lottery mine one and point the hash of the others toward ocean. And have a big ass smile of my face all winter 📈
If someone makes a reliable open source miner + heater that can hit payback in a year and I can break even on my heating bill thereafter by stacking non-KYC corn, sign me the fuck up.
I would lottery mine one and point the hash of the others toward ocean. And have a big ass smile of my face all winter 📈
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npub1234ey
@npub1234ey
3w ago
I ask myself more if centralization is even a problem. I like Erick Voskuils logic, if miners start censoring transactions they are leaving money on the table (transaction fees), encouraging someone in a xyz country to spin up a mining operation and mine those transactions. So in the long term I believe there is a genious self balancing mechanism at play here. Its just theory though, we didn't see a proper attack yet. At the same time, why would miners (even if heavily centralized) hurt their investment by hurting bitcoin in any way (censoring, printing more...et)...
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npub1234ey
@npub1234ey
3w ago
I think its wishful thinking. It will be always more efficient (cheaper) to design a device that has loud fans, big power supplies...etc Also you can't heat your house all the time. Even if it catches on, the home miners will quickly become unprofitable while the industrial miners upgrade their equipement...
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npub1an6xs
@npub1an6xs
3w ago
Idk there are lots of low hash miners out there humming away. If you can heat a space and earn some sats in return it’s still a better option than just turning the heater on.
Four blocks have been found by bitaxes the past few weeks. It’s not impossible. So lottery mining heaters have appeal too.
Four blocks have been found by bitaxes the past few weeks. It’s not impossible. So lottery mining heaters have appeal too.
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