233 sats \ 0 replies \ @TNStacker 16 Dec 2023
Back in the day, I learned to calculate the Weighted Average Cost of Capital (WACC) to aid a decision like this.
Formula:
Primer:
reply
33 sats \ 2 replies \ @TheWildHustle 16 Dec 2023
Just plug in a couple of S9's and use them as heaters, reduce the wattage by half, solo mine with one, and pool with the other.
reply
0 sats \ 1 reply \ @fixthemoneyfixtheworld OP 16 Dec 2023
To be honest, I don't know much about the mining side of things. If you run a few miners, would it be possible to include your own on-chain transactions at a lower than average fee among the other transactions?
reply
71 sats \ 0 replies \ @TheWildHustle 16 Dec 2023
Its possible, but good luck mining your own block. Lightning , Liquid, and good coin control are probably the best ways to reduce fees. Use lightning vs onchain whenever possible, open channels and consolidate utxo's when fees are low, swap from lightning to liquid to onchain and vice versa.
reply
36 sats \ 0 replies \ @WeAreAllSatoshi 16 Dec 2023
It’s always wise to further decentralize the mining network
reply
47 sats \ 0 replies \ @sudocarlos 17 Dec 2023
Choose a PPLNS pool if you're interested in capturing current high fees, but note that payouts only happen when that pool actually finds a block. If you choose a FPPS pool, then payouts are more consistent, but estimated and may be lower than they should be during this spike in fees.
https://en.bitcoin.it/wiki/Comparison_of_mining_pools
reply
36 sats \ 0 replies \ @nullcount 16 Dec 2023
https://smokinghopium.io
reply
26 sats \ 0 replies \ @OT 16 Dec 2023
Its something I've been thinking about recently.
High fee spikes I'd join a pool, low fees just solo mine & see if I get lucky.
I would be losing money on electricity though. So its probably best to just keep buying.
reply
21 sats \ 0 replies \ @justBrian 17 Dec 2023
Yes, but try mining out with rigly.io before you go buy gear . Use a pplns pool and not an fpps pool.
reply
0 sats \ 0 replies \ @NewsnNudes 16 Dec 2023 freebie
just calculate...