31 sats \ 3 replies \ @OT 2h \ on: It's time to pull our own weight in hash bitcoin
It was disappointing to see how Antpool didn't lose much hash after finding out that they are bigger than they look.
I think it's a good idea to get a more powerful miner to heat your house, as long as you don't bankrupt yourself over it.
This is definitely the exact scenario I’m wringing my hands about now. I want to get the most efficient miner possible so I’m not constantly bleeding out, but that means a big (very big proportionally for my family) hit upfront. Right now I’m leaning towards the latter, but there’s a 100% chance at this point that I’ll take one of these two routes.
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Its usually better just to buy Bitcoin.
Your electricity bill is 3-5x these mining farms. The latest models are like $5-6k and use a lot of electricity. You can't really compete like that.
You CAN encourage more bitcoiners to get a little hash going that doesn't cost them too much. As well as buy and hole as much as you can so more of the supply is in good hands.
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…but that’s my whole point. If the network is secured by someone who’s an “adversary*” of the network, I would want to be holding as LITTLE as possible in that system, right? The investment in a miner is not to profit as a miner. It’s to secure my stash.
*the term this ASIC distributer used concerning miners’ relationship to bitcoiners
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