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398 sats \ 8 replies \ @k00b 11 Aug \ parent \ on: BitAxe is a revolutionary for Plebs miner! bitcoin_Mining
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.
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Thanks for sharing those links
heating
water heating
hvac
yes!
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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…
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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.....
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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.
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1 billion pleb miners!
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