my fantasy: if i ever manage to get some property somewhere with one or two consistent sources of renewable energy (solar, flowing water, wind, geothermal), i'd set up some kind of home mining rig to turn that free energy into sats.
You aren't a Bitcoiner if you aren't contributing to the hashrate imo.
It doesn't have to be expensive - you can mine with older/cheaper hardware via solar essentially for free - just set it up so it turns itself on and off with the sun.
Yep. And don't forget you are adding security to the network. I would love to see a future where mining is a part of every heater.
Another valid use case is excess solar energy being converted to bitcoin. If you have access to wasted or stranded energy bitcoin mining is a great tool.
But I have an electrician friend with some spare solar panels and expertise is wiring everything up. We've thought about setting up a small operation starting with one ASIC.
I'm a little nervous about spending that much money on an ASIC and not having it arrive or something but I would like to give it a go.
Space heater and lottery miner
my fantasy: if i ever manage to get some property somewhere with one or two consistent sources of renewable energy (solar, flowing water, wind, geothermal), i'd set up some kind of home mining rig to turn that free energy into sats.
Unless you're in a country with cheap electricity, like the US, you're better off selling excess energy to your neighbours.
I did it in 2014. Now I don't mine, but bitcoin is mine :)) Hope you don't mind... 😁
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I've met more people that I expected to who mine at home in Austin.
I've been meaning to grab an old miner for space heating just for learning more about mining software.
You aren't a Bitcoiner if you aren't contributing to the hashrate imo.
It doesn't have to be expensive - you can mine with older/cheaper hardware via solar essentially for free - just set it up so it turns itself on and off with the sun.
#getoffzero !
I contribute to the hashrate -- I pay for you to mine, LARPer-maxi!
😂
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Hehe yeah... It works as a provocation though 😁
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To high electricity cost over here
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Okay, but if it cost more to mine 1 BTC than buy ?
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Another perspective.
Home mining for non-KYC Bitcoin.
Great read, Thank you for sharing!
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Yep. And don't forget you are adding security to the network. I would love to see a future where mining is a part of every heater.
Another valid use case is excess solar energy being converted to bitcoin. If you have access to wasted or stranded energy bitcoin mining is a great tool.
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nope. not at all cost effective. pools, asics and commercial mining firms destroyed the notion of worthwhile individual mining.
On day...
100 sats an hour
Electricity is 1634 sats per kWh here. I'm not going to subsidize mining and if I get solar panels I'll use them for other purposes.
Genial
Electricity is very expensive in my country.
But I have an electrician friend with some spare solar panels and expertise is wiring everything up. We've thought about setting up a small operation starting with one ASIC.
I'm a little nervous about spending that much money on an ASIC and not having it arrive or something but I would like to give it a go.
I haven't been, but I'm planning on using some idle computing power for it this winter, when I can use the waste heat.
I'd be curious to hear someone weigh in on the viability of using normal laptops and desktops for mining.