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21 sats \ 9 replies \ @Wumbo 17 Mar \ on: Low cost electricity changes views bitcoin
In my opinion, one of the biggest question is minimum withdraw amount from the pools.
Depending on your personal hashrate it could take a long time to get to the withdraw threshold of a pool. A smaller miner may never earn enough sats to actually withdraw.
Mining pools enabling lightning withdraws will be a huge breakthrough in prompting decentralization of mining.
Ocean pool has mention wanting to do this in the future and Braiins pool did a small beta trial. But at the moment I don't know of any pool that has lightning payout enabled.
I thought about Nicehash. They added lightning network lately. Miners can send sats directly to binance with low fees
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Xactly. However he already has binance account and only one ASIC won't provide lots sats
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Anyway start with one s9 ASIC can be a great educational process and as beginner I'd start with ASIC too (if I can handle noise).
From the top of my experience I'd aquire sats
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Braiins pool did a small beta trial
Did? It isn't supported anymore?
Multiple mining pools are either doing lightning trials or have it in the works. Some are doing it in public some are not. I suspect in 6 months several pools will support lightning withdrawals. Now, in this person's situation I'd say buy an S9 and connect it to a pool to learn how it works. Lincoin supports paynyms so that's a good privacy option. Their min withdrawal is low. Then once the person is ready grab some serious hash rate machines and the minimum will not be a problem. The question to me is what is low? Its all just math. Its really hard to say do this or don't do this without more information.
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One fourth from average price - the low I'm talking about
The harder to mine the lover will be rewards the closer will be lightning withdrawals, imo
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