15 sats \ 2 replies \ @thebullishbitcoiner 16 Mar \ on: Beware of millions of ways to lose your Satoshis mining this bull market bitcoin
Wow you really came out guns blazing with the mining content! I hope to see more posts going into detail on some of this stuff (i.e. maybe some math). I sometimes wonder if there’s a price to be put on non-KYC sats.
For example, I just figure if I have enough good factors on my side (e.g. buying miners during the bear and using it to heat the house) that it would make sense on a long enough timeline vs buying.
Would love to hear what you think. Let’s say you have a few S9s, at what point do you think it’s a better idea to just buy?
Okay so mining pools are just adding lightning support which means that it makes sense to buy S9s pretty much forever because of how low payout thresholds will be with lightning withdrawals.
Electric heating tends to be more expensive than gas heating but a lot of people only have electric heaters. I don't have heat in my house so I use S9s in the winter to heat it. Some people even heat their houses with new miners, but it gets complicated versus just underclocking S9s and plugging them into 120v outlets.
But it costs the same amount of money to run a S9 as it does a 1300w space heater. Every watt consumed on a S9 produces the same amount of heat as a space heater. Even if you have a central electric heater, that heater will not work as hard as the S9 will offset the work needed to be performed by that central unit. That electric heater/space heater is not hashing and giving you sats though.
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Sounds good. I’m pretty excited about the Lightning payouts coming to pools, especially Braiins. S9s over legacy space heaters for sure, but it’s starting to get warmer where I’m at. I’m thinking I’ll just reduce the power from 900 to 600 watts and see how that goes.
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