Is there a way to measure the hashing power of those mining at home with bitaxes, nerdaxes and smilar equpiments? How likely is it we plebs can compete with profissional mining?
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66 sats \ 5 replies \ @k00b 20 Sep
It depends on what you mean by 'compete'. If plebs are only using bitaxes, as a very rough estimate you'll need about 1 billion plebs using a single modern bitaxe to produce as much hash as all other miners. (Last time I did the math it was 700 million bitaxes.)
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50 sats \ 1 reply \ @DarthCoin 20 Sep
I really do not like this term "plebs" when we talk about bitcoiners.
It really lower their status to SLAVES.
Bitcoiners are opposite to slaves. Are the real elites.
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0 sats \ 0 replies \ @88b0c423eb OP 20 Sep
I like it because it reminds of medieval times when nobles and plebs had a great relationship. And it also remind me to try to be humble.
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55 sats \ 2 replies \ @88b0c423eb OP 20 Sep
Well that's the thing also, some plebs have only one bitaxe others have a s21 and two bitaxes, someone else has one nerdaxe++ and so on. The most interesting aspect is that for the plebs the marginal costs of upgrading from a bitaxe to a nerdaxe++ is much smaller than for a professional mining site to make a 4x power upgrade. Am I too optimistic?
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55 sats \ 1 reply \ @k00b 20 Sep
I think the realistic view is that bitaxe et al are gateway miners: they get lots of plebs experienced with and understanding mining, pools, etc such that they might upgrade to real miners someday. And more folks mining is good for bitcoin. So pleb mining is good for bitcoin.
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55 sats \ 0 replies \ @88b0c423eb OP 20 Sep
I agree and from an economic perspective inustrial mining can't compete with that. Because for plebs it practically does not matter how much energy costs
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10 sats \ 4 replies \ @dgdhr335 21 Sep
I play the lottery at home with my own node/public-pool instance and it won't show up in any online dashboard or list of pools/hashrate as far as I'm aware. It's not much but it's honest work ;)
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0 sats \ 3 replies \ @88b0c423eb OP 21 Sep
Can you share some link about this public-pool? Better than Ocean?
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10 sats \ 2 replies \ @dgdhr335 22 Sep
You can use the "public" version @ https://web.public-pool.io/#/
If you have your own hardware (I use Start9 on a mini-PC under my desk) you can run it at home thus the pool URL in my picture showing a local IP address as my bitaxe is connecting my own start9 node.
https://github.com/benjamin-wilson/public-pool and https://github.com/remcoros/public-pool-startos
It's solo mining so no payout unless you hit a block which will likely not happen in my lifetime...but that's the lottery bit.
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0 sats \ 1 reply \ @88b0c423eb OP 22 Sep
I didn't quite get how public pool works. It is solo mining in the sense that I am mining alone with my bitaxe or poooling with everybody else using public pool, and once the collective pool find a block everybody get a share of that block?
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0 sats \ 0 replies \ @dgdhr335 22 Sep
Nah it's solo mining either way. Winner gets all. The "web" version just has the advantage of being public which is why you can see some statistics about the users/devices using it.
If you use your own instance on your own hardware it's the exact same interface and such but just private.
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0 sats \ 6 replies \ @BeeRye 20 Sep
No real way to know that figure. You can maybe look to web.public-pool.io for a general sense (would be cool if they kept some trending stats). i think its not necessarily about competing but creating a higher floor cost for being bad actors.
I've got about 5.5 TH/s right now, planning to maybe get a Canaan avalon miner around the holidays when they hopefully go on sale.
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0 sats \ 5 replies \ @88b0c423eb OP 21 Sep
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0 sats \ 4 replies \ @BeeRye 21 Sep
if you run your own public pool service, you can solo mine using your own btc node
If you run your own DATUM service, you can either solo mine or mine with Ocean using your own btc node.
what is the fiat thing to you?
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0 sats \ 3 replies \ @88b0c423eb OP 21 Sep
I meant fiat thing is the way I am doing nw, mining with braiins
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0 sats \ 2 replies \ @BeeRye 22 Sep
oh i see. well, you are mining and thats whats important, imo. But i think getting to a point where you are mining using DATUM and either getting lightning payouts using Ocean, or solo mining is the best one can do right now.
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55 sats \ 1 reply \ @88b0c423eb OP 22 Sep
I will be using datum in the coming days, setting up a new node with knots only for mining, thinking about getting a nerdaxe++ also.
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0 sats \ 0 replies \ @BeeRye 22 Sep
awesome!
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