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25 sats \ 2 replies \ @arealpeacemonger 16 Mar \ parent \ on: Beware of millions of ways to lose your Satoshis mining this bull market bitcoin
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.
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
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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
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