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0 sats \ 1 reply \ @dgdhr335 4h \ parent \ on: While we are grumbling over other things, we might just loose Bitcoin!! bitcoin
My concern would be more focused on the real centralization on the mining side. That’s to say you essentially rely on bitmain for your ASIC and most hashrate goes through a handful of pools.
0 sats \ 0 replies \ @dgdhr335 13h \ parent \ on: Don’t memorize your seed phrase! bitcoin_beginners
Yea I didn't really gain anything from this particular article either.
Have a gamma. It's more of a curiosity but good for showing you the basics of mining at a low cost.
If you're anything like me you start off with one of them and think "hmm 1TH/sec is nice but now I want hundreds of TH/sec" and then you realize your home electricity supply or the sockets on your wall are cripplingly limited.
I keep hovering over the buy button on an Avalon Q but I'd never be able to run it at full power without risking tripping breakers lol.
Magicminer BG02 is a nice device too.
Simplest approach I've seen is using a generated border wallet. You can do it inside sparrow wallet or at the BorderWallets.com website.
Is it really "too small" a number though?
You can have millions of people using bitcoin and potentially billions on the various other layers eventually...but does that necessarily require a large percentage of them running nodes?
Is the number really growing slowly or stalled?
Bitnodes.io has the number of nodes online being somewhat flat around 10,000 for several years before 2021 and then the growth has been reasonably steady in the ~4.5 years since. Now over 23,000 in over 100 countries. Seems fine enough from where I'm sitting.
I found my initial tinkering with running a lightning node a tad confusing and cumbersome. In this instance, for now at least, I'm ok with offloading the management of the small amounts of bitcoin I move around or receive on lightning to the more "professional" operators.
I'm ok with my own full node and cold storage for the full stack that matters.
I spent a few hundred dollars on a dell optiplex 7040. Has an older i5 quad core, 16GB RAM and a 2TB SSD.
Has no issues running start9, full node and my public-pool instance.
Just make sure you download the right start9 OS version (x86_64-nonfree.iso) as it'll have more drivers and the like. I used the wrong one and my wireless adapter wouldn't work. No biggy...just went with ethernet anyway.
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