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55 sats \ 2 replies \ @88b0c423eb OP 20 Sep \ parent \ on: Bitaxes and similar hashing power bitcoin_Mining

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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