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36 sats \ 5 replies \ @LibertasBR 14h \ on: My Impressions Of The Canaan Avalon 3S Miner bitcoin_Mining
Including the cost of energy, do you have an expected payback period? The advantages you mentioned are truly beneficial for the entire network, and I appreciate that.
I plan to do my part by running a full node—for now, I can’t mine, as energy costs in my country make it not worth it.
As for the appearance, it’s beautiful and seems to have a very functional design. However, it lacks the charm of those ASICs that look like giant power supplies.
I'm not really keeping track, but if you check that link I included in the post they are giving a minute by minute update on the profit/loss based on an average cost of electricity. I think it's just below break even right now. BTC fiat price is of course the deciding factor.
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So the main benefit is helping the network become more decentralized. Plus, you get to have a great machine at home that, even if it’s not making a profit, doesn’t bring too much of a loss.
What else can you do with it? Can you use it as your own Bitcoin node? I’m not very familiar with mining.
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No. It's just a miner. And a hand warmer😀
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I am in a similar boat as the OP, albeit running a futurebit Apollo2.
It was obvious to me running such little hashrate at home was only worth having it solo mining , no daily rewards but entering the lottery every 10 minutes.
This way you still get a space heater but you also are more likely to run it irrespective of sat/dollar - as you may (unlikely but you can’t be in the lottery until you are competing) mine a block and reap the wards.
A bitaxe has done it, why wouldn’t you be in the lottery!
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In that sense, I would rather keep the machine in a pool to earn some sats as a form of payment for the “decentralization work” my machine is doing. After all, you help the network, even if only slightly, by keeping it solid and get paid for the energy cost.
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