Sunday Survey: Do you mine? \ stacker news ~bitcoin

Sunday Survey: Do you mine?

4978 sats \ 38 comments \ @jimmysong 3 Dec 2023 bitcoin

No, I don't know enough about it5.7%

No, I don't like the up front cost10.3%

No, I don't have good electricity rates48.3%

No, I don't feel confident in running it5.7%

Yes, at home for untainted sats20.7%

Yes, at home for profit8.0%

Yes, professionally0.0%

What's mining?1.1%

87 votes \ poll ended

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486 sats \ 4 replies \ @OT 3 Dec 2023

I'm thinking about buying an old rig just as a counter to a mining ban.

1 sat \ 2 replies \ @sudonaka 4 Dec 2023

S9 at half speed is 550watts so $1.50 per day if you have .1 elect price

Installing custom firmware for s9 lets you control fans- BTCsessions video used BraiinsOS+ the (+) version is their new closed source software that looks nicer but it also takes 2% of your hashrate and directs it to their own pool….

So I went with the old open source braiinsOS, finally found it here: http://feeds.braiins-os.org/

0 sats \ 0 replies \ @OT 4 Dec 2023

Its more for the counter to a mining ban. Would probably not use it, or if we had solar, use it during the day with the excess power.

Thanks for that info though

0 sats \ 0 replies \ @kenn_b 4 Dec 2023

Interesting about the old open source.

0 sats \ 0 replies \ @NewsnNudes 3 Dec 2023 freebie

nice little project

565 sats \ 1 reply \ @0xbitcoiner 3 Dec 2023

NO, I DON'T WANT TO DRAIN THE OCEANS 🌊 😆

483 sats \ 0 replies \ @Zepasta 3 Dec 2023

deleted by author

406 sats \ 2 replies \ @TheWildHustle 3 Dec 2023

I get free electricity I'm writing off the miner purchase on my taxes I reduced the wattage with brains os to reduce the noise Its heating my condo and giving me Non Kyc corn in the process

10 sats \ 0 replies \ @stimmy 4 Dec 2023

Based

0 sats \ 0 replies \ @sudonaka 4 Dec 2023

I wonder how many you could plug in until your landlords talk to you about the electricity bill lol

17 sats \ 1 reply \ @lv99_slacker 3 Dec 2023

My machines are hosted. I'm larping, but they're still pristine sats gotten KYC free.

0 sats \ 0 replies \ @southside263 3 Dec 2023

no one cares 😂

stack sats >

7 sats \ 0 replies \ @WeAreAllSatoshi 3 Dec 2023

I mean I’d like to be profitable. It’s also good to contribute to distribution of the network, and it’s fun to learn hands-on!

10 sats \ 0 replies \ @spraveenitpro 4 Dec 2023

What do you think about BitAxe?

10 sats \ 0 replies \ @DR_HELL 3 Dec 2023

Only a nerdminer but surely one day my 60 KH/s will pay off 😎 one block is all it takes

10 sats \ 3 replies \ @davidw 3 Dec 2023

I feel like if someone had a novel way to invert the heat to use for air conditioning, they’d make an absolute killing. Everyone would be using their services and mining

622 sats \ 2 replies \ @wassersnaus 3 Dec 2023

I was toying with the idea a while ago and it is theoretically possible, as shown here using a old gas powered ammonium cooled fridge the heat still needs to be vented off seperately from the room one is cooling using a ventilation system. Just an idea i had, never ran the numbers on it…

https://m.stacker.news/6598

0 sats \ 1 reply \ @davidw 3 Dec 2023

Feels like now is the time to run the numbers 😀 thanks for sharing.

0 sats \ 0 replies \ @wassersnaus 3 Dec 2023

I got too much on my plate atm😔 and even if by some miracle it works and it was viable to do commercially the amount of EU regulation, compliance and fuck you insurance up my ass would be too much for my sanity to handle without a guillotine.

10 sats \ 0 replies \ @kristapsk 3 Dec 2023

Have S9 at home, but it's not turned on 24x7. Mainly when I want extra heat.

1 sat \ 0 replies \ @chairman_pretense 3 Dec 2023 freebie

Electric prices are terrible. Would mine if I had one or both of: local power generation (e.g. solar) and efficient hash device (e.g. s19 or more).

If I had cheap/local power gen would probably run an s9 I suppose.

Would happily lottery mine, wish Core would bring back mining with option to severely throttle. Just for the principle even if realistically finding a block was unlikely.

0 sats \ 1 reply \ @xz 4 Dec 2023

1sat - 1sat

0 sats \ 0 replies \ @xz 4 Dec 2023

btw

0 sats \ 0 replies \ @billiam 4 Dec 2023

Yes, one S9 with noctua silent fans replaces a 750W resistive heater in basement office. It's a loss investment as a 30€ resistive heater from the hardware store would have better upfront cost. So, it's a hobby to go down the mining rabbit hole and support decentralized mining. Daily reward currently is ~2000sats with a 35 ct (Euro) / kw. Braiins pool but thinking to switch to ocean.xyz or split hashrate.

0 sats \ 0 replies \ @BlokchainB 3 Dec 2023

Yep I mine!!! I do it all!

0 sats \ 0 replies \ @duuv 3 Dec 2023

Not yet.I'm seriously looking into a home miner space heater.

0 sats \ 0 replies \ @rafaelasprilla334 3 Dec 2023

https://m.stacker.news/6597

I have 2 s9 but I have them turned off for the moment

0 sats \ 0 replies \ @oraltosun 3 Dec 2023

Shouldn't be an option related to mining pools?

139 sats \ 9 replies \ @Zepasta 3 Dec 2023

deleted by author

73 sats \ 1 reply \ @k00b 3 Dec 2023

also for me

not sure what to do with waste heat

0 sats \ 0 replies \ @kristapsk 3 Dec 2023

Yes, that's important factor. I turn it on mostly only when I need extra heat. That is benefit for small miners living in the North, even being in loss if looking at electricity cost vs mined bitcoins, you still can be kinda profitable, because you don't turn on ordinary electric heater which consumes electricity too but produces zero sats.

0 sats \ 5 replies \ @evanbaer 4 Dec 2023

Ok so I have to say our hashrate auctions at rigly.io solve all of these problems

Electricity cost built-in
Bid on future hashrate by difficulty epoch, way less $ than a buying a rig
No noise!

You get hashrate sent to your mining pool account - with the potential of mining at a profit - and your payment is held in on-chain escrow.

100 sats \ 0 replies \ @bzzzt 5 Dec 2023

rigly is legit af way for plebs to participate in mining. its fun too!

0 sats \ 3 replies \ @Zepasta 4 Dec 2023

Do i get to choose the pool?

21 sats \ 2 replies \ @evanbaer 4 Dec 2023

Yep - you enter your pool details at sign-up, or enter them later on

0 sats \ 1 reply \ @Zepasta 4 Dec 2023

Does it have any KYC required?

48 sats \ 0 replies \ @evanbaer 4 Dec 2023 freebie

no kyc

bitcoin only
funds are held in onchain multisig escrow with marketplace sellers (mining farms)

0 sats \ 0 replies \ @NewsnNudes 3 Dec 2023 freebie

Electricity prices too high

Upfront cost too high

Too noisy

that's right sir.