Get your hash off zero , dammit \ stacker news ~bitcoin

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913 sats \ 21 comments \ @redlight_pleb 8 Jul bitcoin

And no I’m not referring to your favourite recreational green plant , your hash power goddamit.

A few years ago you weren’t considered a “real bitcoiner” until you ran your own node and pointed your wallet to it. And for good reason. If you aren’t doing it, go buy a mini pc - 8gb ram and 2tb sdd , slap Start9 embassyOS on her and voila - nodeing.

But I’m here to suggest the next step, a “real bitcoiner” in 2024 should have their own hash pointing to a pool or even better, solo mining to your own node. The benefits are immense, decentralising the hash rate which is wildly centralised, learning how to mine, entering in a daily lottery to mine a block and opening your eyes to some of the coolest projects in our little Bitcoin world, Bitaxe, homestead mining, swimming pool heater - the list goes on. These days there are many small mining devices that will warm your room and allow you to mine silently - an open source Bitaxe, Futurebit Apollo 2, Canaan Avalon 3, on it goes.

Your wallet, referencing your own node, mining to said node - sovereignty.

https://m.stacker.news/38656

Get off zero plebs.

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131 sats \ 0 replies \ @anon 8 Jul

Very good kick in the butt with enough specifics to be persuasive. Thanks!

117 sats \ 0 replies \ @WeAreAllSatoshi 8 Jul

I definitely recommend exploring home mining, at least for the learning experience. I share my mining update daily in the saloon, though I am part of a pool and am not solo mining. I’ve also written about my experience, links in bio!

17 sats \ 0 replies \ @grayruby 8 Jul

Great post. Agreed.

17 sats \ 6 replies \ @SatsMate 8 Jul

For those who live in Arizona, do you have recommendations on getting Miners to output in AC? I don't know too many people who are mining down here because of the cost of electricity and how it is 120 degrees over the summer. Curious on thoughts surrounding this!

213 sats \ 2 replies \ @nullcount 8 Jul

You could get a 100W solar panel, mount a Bitaxe (or two) on the underside. Add a battery with charge controller so it won't cut off when a cloud passes over. Throw it on the roof of your house (unless you need a permit) or build a stand to keep it off the ground. Wipe the dust off when the output drops too low. Could probably build this setup for less than $300. Option to add more batteries/panels to get it running 24/7

Assume you average 30W of generation (assuming 80% efficiency and 12 hours of no generation at night), then you'd rack up 21.6kWh of generation over 30days. Assuming you would have paid $0.16/kWh for grid power, that's a savings of ~$3.50/mo

However, the bitcoin network won't pay you $0.16/kwh (especially with a bitaxe). You'll be lucky to get $0.05/kwh

So a $300 setup would "pay for itself" in about 7-21 years (depending if you count "savings" or "income" as your ROI).

However, you'd learn a lot about electricity and some people pay $50k to a university to go do that, so it could be a massive opportunity depending on your goals!

43 sats \ 1 reply \ @redlight_pleb OP 8 Jul

Sincerely would like to scale this for my own setup , it’s not that you don’t have to pay the electricity company, that’s the bonus - it’s to be so sovereign that no one can turn your hash off, no one can tell you no. Stay sovereign

113 sats \ 0 replies \ @nullcount 9 Jul

Redundancy in all supply chains! This includes energy. Used car batteries are pretty cheap and can be wired in series to get 120/240v with an DC to AC inverter. Even if you keep them charged them with grid power, a little investment in redundancy can be cheap insurance.

0 sats \ 2 replies \ @WeAreAllSatoshi 8 Jul

Can you run it only at night? Is it significantly cooler at night in the desert?

17 sats \ 0 replies \ @SatsMate 8 Jul

Nightime is about 85 degrees outside. Daytime it is about 115

0 sats \ 0 replies \ @Bell_curve 8 Jul

Haha

13 sats \ 5 replies \ @OT 8 Jul

https://m.stacker.news/38670

Nerdaxe with a baby cucumber package as a cover.

Humble beginning, but I mostly agree with what you've said. Its just the chances of winning a solo block with this is about a billion to one, so it should never be expected to win.

114 sats \ 4 replies \ @redlight_pleb OP 8 Jul

Agreed, and I would suggest that bitaxe (with a single asic ) should be thought of as more as a learning tool, enough to make you want to get more hash - hey there may be a bitaxe that cracks it. Part of the fun no?

0 sats \ 3 replies \ @OT 8 Jul

I think if public-pool won a block it might influence more people to start solo mining. Maybe its already happening as all the bitaxes seem to get sold pretty quickly.

As for solo mining its interesting to know that there's a chance to win a block, and you have to be in it to win it.

13 sats \ 2 replies \ @redlight_pleb OP 8 Jul

Exactly, I’m running an Apollo 2 node + miner - there’s zero reporting back to FutureBit etc unless the owner advertises they win a block (op_sec says no) so there’s potentially many solo miners that have cracked blocks that are unknown

0 sats \ 1 reply \ @OT 8 Jul

But everyone can see that it was won by a solo miner. Ex:

https://mempool.space/block/000000000000000000009b8ba96453ebc551ff4729e18267ea2de9a4b5f6852a

Its still very rare.

13 sats \ 0 replies \ @redlight_pleb OP 9 Jul

I stand corrected!

0 sats \ 2 replies \ @Bell_curve 8 Jul

what about buying hash rate and pointing to a pool like Braiins?

13 sats \ 0 replies \ @evanbaer 8 Jul

+1 to this approach

imo Rigly.io is best (+also my project) ... also check out NiceHash or MiningRigRentals

13 sats \ 0 replies \ @redlight_pleb OP 8 Jul

Definitely a possibility, though the old adage of “not your keys, not your coin” is apt here : not your miners, not your hash. If you wanted to minimise the compromise of an industrial miner maybe look into Wilson mining- you provide the miner, they host - fantastic outfit, have a great community rep. Food for thought

0 sats \ 0 replies \ @BitcoinAbhi 8 Jul

The benefits are immense, decentralising the hash rate which is wildly centralised, learning how to mine, entering in a daily lottery to mine a block and opening your eyes to some of the coolest projects in our little Bitcoin world, Bitaxe, homestead mining, swimming pool heater - the list goes on. These days there are many small mining devices that will warm your room and allow you to mine silently - an open source Bitaxe, Futurebit Apollo 2, Canaan Avalon 3, on it goes

👍

0 sats \ 0 replies \ @flat24 8 Jul

WoW is if it is the true holy trinity