pull down to refresh
@jasonb
stacking since: #227606longest cowboy streak: 244npub1a95w2...sqaqamsnzq
100 sats \ 0 replies \ @jasonb OP 14m \ parent \ on: Hindsight bitcoin
Oh yeah, no, I just share because it was a silly experiment. I think the idea of hooking like 8 s19s up to vonnets converters and mining from a hotspot is hilarious though.
Yeah, so I think home mining makes the most sense for somebody who’s already got the internet for personal usage. The whole point of my automation is that you’re not running at all at night. Even at as little as it’s running, this little s9 would still pay itself off in less than a couple of years unless it had been bought at an exorbitant price. But yeah, throwing on $700 and a monthly $140 a month would throw everything off, even with as many s19s as you could run on 17kw.
Still the math didn't add up to start mining.
I’d be really curious what the actual figures were at that point.
For now mining at home is for solo mining.
I really hope you’re wrong on this point. I’m hoping to write soon about my skepticism of the whole, “a user activated soft fork is the ultimate trump card,” mentality. I’m not saying that’s what you’re saying, but I’m increasingly skeptical of the health of the network without significantly more educated, small scale miners.
BTW, what instrument do you play?
Trombone
Oh man. Probably too much. :( I looked into sending something of a similar size to someone in Australia and it was like $80. I can look into it, but I bet it's going to be astronomical. I'm happy (free of charge) to send you the files I made for this if you have access to a 3d printer if that helps.
Thanks so much man!
As far as their motivation, I just don't know. I can only say that the line of reasoning put forward by one prominent figure in particular really bugged the hell out of me, especially since I was just trying to buy products that they claimed to be selling. I'm not sure it'd be fair for me to try to do any mind reading though.
So that's definitely the prevailing view held by the industrial miners I spoke with in South Africa. Yet these same guys are touting Bitaxe variations, some of which are more expensive than an s19.
People are definitely buying that stuff down there too. I was in a chat group where a bitcoin was sharing how he "added" this very miner to his "collection." I totally endorse what that guy is doing from and education a creating awareness standpoint. My point is, he could also spend a little less money, and actually decentralize the network. Also, for just a little more money, give some kid from the township a job that really makes a difference. I can confirm that there are people that do work in those communities for less than 5,000 sats an hour. An "installer" of automated home miners could make way more than this and still not add much to the ROI date.
But also, remember that this is running one miner only when the solar battery is charged at 95% of capacity. Right now, when it's cold and I run my s19s all day at home, they make about 4,000 sats each. One solar installer told me that a typical roadside stop (gas and food and stuff like that) in SA can be a 80-100 Kilowatt site. And they are usually wasting 60% of their potential solar power. That's way more than one s19.
I've done a bit of extended stay traveling (1 - 3 months) with my kids
Awesome!
and I'm definitely going to add SA to my list. It sounds like a great place to stay for a while.
It's an amazing place. Don't know if you're an American or not, but everyone in the states (not just the republicans) paints it like a war zone. As I understand, that's how parts of the country are, but not the small towns in the Western Cape. By the time we were leaving, I would walk through the township by myself and have my wife come pick me up with our three year old in the back seat. If you read the US state dept. guidance, they basically say you'll be murdered in less than a minute if you so much as look at a township. Don't get me wrong. I don't think anyone should have to live like that, but it's really not like the people living in them are inherently dangerous or something.
this just screams for a take two
I hope you're right. Once our oldest hits twelve, we've vowed not to move again until we're empty nesters. I'm feeling the pressure of moving around too much with kids.
I'm happy with you using Square because they're going to give me a $50 bonus in bitcoin if I get one more CC payment by the end of December. That said, I'm always happy to get KYC free sats too. How does one send an invoice on stacker.news? I tried to send you a lightning payment you with my email in a comment and it didn't go through.
Yup, I've got square links:
Unfortunately, you can't pay with bitcoin using those. Let me see if I can send you a private zap with my email address.
It’s amazing to me that Africans haven’t constructed any major infrastructure projects since colonialism.
Check out Hidden Repression by Alex Gladstein. It’s a pretty concise explanation of how predatory lending by the IMF has consistently kept extremely corrupt dictators in charge of a large swath of the continent. Confessions of an Economic Hitman is also a good, easy intro into this.
That video game machine you see in the clips was constructed from a kit by one of the kids in the program. We were trying to integrate Boltcard payments in it with help from someone in Jamaica, who obviously now has more important stuff on his plate. If anyone here is a Boltcard/arduino/nfc expert, that’s one of the projects they’re really excited to finish.
So this is where my problem may be. I didn't get a physical device. I've just been taking payments online. I'm also just using their free service. Maybe you can only accept bitcoin payments with their actual POS device? So I've basically done the first half of this video.
This place is really popular with the bitcoiners in Plettenberg Bay. They accept bitcoin and are a very pro-bitcoin business. I wasn't thrilled about eating at a place called slops, but they told me that in South Africa, slops is a slang term for sandals.