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194 sats \ 16 replies \ @k00b 11 Aug \ on: BitAxe is a revolutionary for Plebs miner! bitcoin_Mining

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.

176 sats \ 9 replies \ @Wumbo 11 Aug

The Bitaxe 401 is .733 TH/s

A S21 is ~200 Th/s

So looks like ~270 Bitaxe-401 would equal one S21.

398 sats \ 8 replies \ @k00b 11 Aug

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.

421 sats \ 1 reply \ @jasonb 11 Aug

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.

41 sats \ 0 replies \ @Bell_curve 11 Aug

Thanks for sharing those links

heating water heating hvac yes!

161 sats \ 0 replies \ @WeAreAllSatoshi 11 Aug

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…

141 sats \ 0 replies \ @itsMoro 11 Aug

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.

131 sats \ 0 replies \ @TheWildHustle 11 Aug

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.....

121 sats \ 0 replies \ @OT 11 Aug

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.

21 sats \ 0 replies \ @SatsMate 12 Aug

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?

10 sats \ 0 replies \ @Bell_curve 11 Aug

1 billion pleb miners!

41 sats \ 0 replies \ @bitcoinfiq OP 11 Aug

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…

20 sats \ 3 replies \ @Bell_curve 11 Aug

and we should all point to ocean?

61 sats \ 1 reply \ @k00b 11 Aug

Do they offer a solo/lottery mining option? That's probably how I'd run one of these.

131 sats \ 0 replies \ @Undisciplined 11 Aug

That's what I've been thinking about doing. Maybe I'll start this winter when I can use the waste heat.

21 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

I’m pointing to public pool mining, since I’d love solo mining and lottery concept.

55 sats \ 0 replies \ @IamSINGLE 11 Aug

Thanks! You've robbed me of my words! These cute little miners don't stand a chance against the giant beasts!