reply on: Beware of millions of ways to lose your Satoshis mining this bull market \ stacker news ~bitcoin

25 sats \ 3 replies \ @BitcoinIsTheFuture 16 Mar \ on: Beware of millions of ways to lose your Satoshis mining this bull market bitcoin

Thanks for sharing! I wanted to do a heatbit (heater, miner, air purifier) last fall, but couldn’t make the math work. Approximately 6 years for the break even. Was shot the amount of Bitcoin they kept from you.

25 sats \ 2 replies \ @arealpeacemonger 16 Mar

Did you also calculate the value of the heat you would receive? If you're running a space heater anyway, using a miner as that heater is a way to get a rebate on some of your electricity costs.

15 sats \ 1 reply \ @BitcoinIsTheFuture 16 Mar

I already have a space heater that works fine. So I don’t need a space heater, but wanted an extra one to mine. The cost was near $200 for the heatbit and they were only going to give me 25% of the mined sats. Business model seemed weird and like I said the ROI would have taken forever

30 sats \ 0 replies \ @KaboomracksAlex OP 16 Mar

Anything that is consumer based is going to be expensive. My first entrance into this was a $700 computer called a Coinmine that Pomp was shilling back in the way.

S9's are the way to go for $100 from us or less from other people. Repurposing industrial miners to produce heat and keeping 100% of the sats is a good move. When you get a heatbit, you are paying for something that looks nice, has a nice UI and is easier to setup. S9s aren't that hard but they're not pretty and take a little bit of learning to get setup