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150 sats \ 13 replies \ @OT 16h \ on: Hindsight bitcoin
I hear that mining is all about timing. Timing it right like during the depths of a long bear market is ideal. Having this drawn out bull cycle old miners still seem to be selling at a premium. We'll see what happens during 2026, but I keep seeing that hashprice is quite low meaning that some of these large mining farms could be under water.
I have a friend living off grid and about 17KW capacity with solar and batteries. Still the math didn't add up to start mining.
For now mining at home is for solo mining.
BTW, what instrument do you play?
Still the math didn't add up to start mining.
I’d be really curious what the actual figures were at that point.
For now mining at home is for solo mining.
I really hope you’re wrong on this point. I’m hoping to write soon about my skepticism of the whole, “a user activated soft fork is the ultimate trump card,” mentality. I’m not saying that’s what you’re saying, but I’m increasingly skeptical of the health of the network without significantly more educated, small scale miners.
BTW, what instrument do you play?
Trombone
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So his current battery capacity is something like 17KW. Let's say that during the night would use 8 hours of battery time so the maximum a mining rig can use 2KW an hour. So for an S19 you'd need to under clock during the night to keep it running 24/7.
The main cost would be internet connection. Because of how remote he is, the only option for a constant internet connection is Starlink which has an initial cost of ~$700 and a monthly cost of $140. At current mempool fees he might be able to make enough sats to pay the monthly internet bill. Maybe if we start consistently seeing higher TX fees it could change. But the other metric that doesn't work in his favor is that hash rate continues to climb which makes his potential mining reward decline over time.
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Starlink ... an initial cost of ~$700 and a monthly cost of $140
This ought to go down at some point. What's he using for internet connectivity now?
the other metric that doesn't work in his favor is that hash rate continues to climb
This may end at some point soon: #1322732
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I tried very unsuccessfully mining from my internet hotspot in an airport earlier this year. Haha
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I've put
collect stats for stratum over LTE on my TODO. The great thing about remote/rural cells is that they don't often get into a state where subscriber balancing is needed, like what you'd have in an urban area with lots of traffic, so it can be pretty reliable (depending on the provider's effort of course.)reply
Oh yeah, no, I just share because it was a silly experiment. I think the idea of hooking like 8 s19s up to vonnets converters and mining from a hotspot is hilarious though.
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Yeah, so I think home mining makes the most sense for somebody who’s already got the internet for personal usage. The whole point of my automation is that you’re not running at all at night. Even at as little as it’s running, this little s9 would still pay itself off in less than a couple of years unless it had been bought at an exorbitant price. But yeah, throwing on $700 and a monthly $140 a month would throw everything off, even with as many s19s as you could run on 17kw.