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50 sats \ 2 replies \ @OT 7h \ on: Hindsight bitcoin
I hear that mining is all about timing. Timing it right like during the depths of a long bear market is ideal. Having this drawn out bull cycle old miners still seem to be selling at a premium. We'll see what happens during 2026, but I keep seeing that hashprice is quite low meaning that some of these large mining farms could be under water.
I have a friend living off grid and about 17KW capacity with solar and batteries. Still the math didn't add up to start mining.
For now mining at home is for solo mining.
BTW, what instrument do you play?
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
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So his current battery capacity is something like 17KW. Let's say that during the night would use 8 hours of battery time so the maximum a mining rig can use 2KW an hour. So for an S19 you'd need to under clock during the night to keep it running 24/7.
The main cost would be internet connection. Because of how remote he is, the only option for a constant internet connection is Starlink which has an initial cost of ~$700 and a monthly cost of $140. At current mempool fees he might be able to make enough sats to pay the monthly internet bill. Maybe if we start consistently seeing higher TX fees it could change. But the other metric that doesn't work in his favor is that hash rate continues to climb which makes his potential mining reward decline over time.
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