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220 sats \ 5 replies \ @IamSINGLE 13 Sep \ on: Alex Gladstein AMA - bitcoin and freedom AMA
Do you mine Bitcoin? I recently saw your video about how Bitcoin uses excess energy to mine.
I don't operate a site and have never invested in a Bitcoin mining company etc -- but I have used / am using / will use small home miners. Hooking up a BitAxe soon!
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Do you recover costs out of them? Asking just for confirmation so I can order mine.
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I would say I personally am not thinking about home mining like a short term business venture. I'm not sitting here saying I'm going to invest X dollars today and how many dollars am I going to have in two years. I am sitting here saying I'm going to invest X dollars today and will have X kyc-free sats in the future. I think it's also a fun thing today. Very few things will outperform simply buying bitcoin at the market price.
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If ever I buy miner, I'm gonna buy them in sats. So dollar shit is out of question. I was asking if I buy some home miner in X Sats, would I be able to recover my sats back?
However, I feel you answered me 99.9% by suggesting to buy Bitcoin at current price.
Thanks you so much
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If you buy a home miner with X sats will you recover your sats back. It's possible but could take awhile. Depends on your price of electricity obviously. I think that some of the units now say that in FIAT terms you can get your money back in 18 months but in SAT terms it's anyone's guess
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