Hello guys,
I think bitaxe, nerdaxe and any open source mining is a revolutionary way to get back power to people. So mining industry don’t monopoly mining activities.
I have my own BitAxe for 2 weeks and it’s seems hella good.
What is your opinion guys?
Plebs Miners from Indonesia Regards, bitcoinfiq. https://m.stacker.news/45220
I received mine in the mail 2 months ago. Super easy to setup to get it up and running. I've been running it for 2 months and had actually forgotten about it, because leave it in the basement with my other bitcoin stuff. It just keeps on running in the background like my nodes.
Yeah good for you man, let’s join the revolutionary for plebs solo mining and compete industrial mining.
Did you build it your self or buy it pre-assembled?
I see it sitting on top of some PC fans in you picture. Did you do that for looks (RGB) or do you feel it needs extra cooling?
I buy it pre-assembled and PC fan it just for looks, to make it more dope😎
I’d be curious how many plebs we’d need running these micro-miners to actually compete with industrial miners. It should be pretty easy to do the math.
The Bitaxe 401 is .733 TH/s
A S21 is ~200 Th/s
So looks like ~270 Bitaxe-401 would equal one S21.
To simplify the math, let's say a pleb miner does 1 TH/s. The ATH of hashpower according to mempool is ~700 EH/s. There are 1,000,000 TH in an EH.
So we'd need ~700,000,000 pleb miners for plebs to gain a majority of hashpower.
While that's a heck of a lot of plebs (10% of everyone of earth), and it's not like industrial miners won't continue to increase hashing, that's fewer plebs than I thought. I was expecting to need more pleb miners than there are people on earth.
Superheat advertises that their water heater will mine 68TH/s, which would bring that number down SIGNIFICANTLY. Integrating mining into water heating and HVAC seems to be the solution to me. Hashing2Heating has come up with some amazing ideas for making this happen.
Thanks for sharing those links
heating water heating hvac yes!
Everybody just needs to do their part
Edit: this makes me think it might be neat to update my daily mining comments to include average hash rate for the last 24 hours…
when the creator of bitaxe was on a pod i listened to, he mentioned an interesting benchmark of a million bitaxes is about 1 EH/s, which would mean a bitaxe is finding a block about every 4 days at current network hashrate.
700 million 1TH pleb miners Or 70 million 10TH space heaters Or 7 Million Freaks with 100TH
So imagine each group gets to a third of what it takes to gain majority hashpower.
233 Million 1TH solo miners 23 million 10 TH space heaters 2.4 million freaks with 100TH
It'll be interesting to see what block comes out with.....
I think they're a good start into mining, but like others have said 1x S19 equals about 20 bitaxes.
Hopefully new entrants in the mining space will continue to develop low cost machines for plebs to compete. The main thing IMO is taking market share from bitmain. Bitaxes use their ASIC chips.
I wonder if over time if Bitaxe will become more powerful to where it is generating 7,000 EH/s... Could this be in the realm of possibilities?
1 billion pleb miners!
yeah I think it too, the industrial miners literally goin’ crazy if they knew that plebs miners can actually compete them.
block 853742 will be first history plebs miner hit a block, it’s just a beginning…
and we should all point to ocean?
Do they offer a solo/lottery mining option? That's probably how I'd run one of these.
That's what I've been thinking about doing. Maybe I'll start this winter when I can use the waste heat.
I’m pointing to public pool mining, since I’d love solo mining and lottery concept.
Thanks! You've robbed me of my words! These cute little miners don't stand a chance against the giant beasts!
I'm going to buy one soon! I met the guys in Nashville, and they are tackling the biggest problem from my view. While I think right now it is a drop in the bucket, overtime, it will continue to decentralize the mining network.
Yup, you have to buy one asap. We have to decentralize mining network
On a side note, it really is scary how China is controlling this much of the block production...
https://m.stacker.news/45296
Who is viaBTC?
i like them overall. i hope someone forks and creates one with an ethernet port. i feel like i have to reset mine every 24 hours inevitably due to a wifi hiccup. my futurebit miners that are plugged into a hardlined computer can go weeks without me even thinking about them.
sounds great, maybe in the future someone forks and creates with an ethernet port. open source mining is the way!
This reminds me so much of Elliot's Raspberry Pi hack!
yup me too, but open source mining is still capable to improve in the future
Where did you get it? Reliable source? cost?
https://bitaxe.org/legit.html
You can check from their website. https://bitaxe.org
It looks really cool and fun
yup it is mate, solo mining is the best
Might get one myself. Maybe for Christmas come on Santa!
you have to, decentralize and open source mining is the way for plebs like us
You right I’ll buy one next month
Amazing!
I have one, got it last January or so. It’s part of my home mining fleet of 3 total miners. I like it, though it’s definitely not producing much. It does seem to be fairly efficient though, compared to my others
Dope! glad to hear that man
Great
thank you my friend
Nice! You have inspired me to buy one!
What are your specs?
edit: and we should all point to ocean pool or solo?
My BitAxe is BitAxe Supra 401, i do solo mining with public pool
Thanks
No problem mate
I own three of these devices, one of them is a branded NerdAxe. They are awesome devices and a great and cheap way to get into home mining.
#666219
BitAxe using Braiins
I like that is open source hardware and software.
yeah man me too, open source mining will be next future for us
I live for the day bitaxe mining pools are securing a block a month, that would make me so happy
yeah my friend, me too. knowing that decentralize mining with open source makes me really happy!
Are you mining solo or in a pool?
I’m solo mining with a public pool, cause I love securing the network and lottery concept.
Is it possible to mine economically with them? I mean, can you expect to earn a few sats every now and then besides lottery mining?
I think it is possible, but not with lottery mining mode and public pool.