BitAxe is a revolutionary for Plebs miner! \ stacker news ~bitcoin

BitAxe is a revolutionary for Plebs miner!

1946 sats \ 55 comments \ @bitcoinfiq 11 Aug bitcoin_Mining

Hello guys,

I think bitaxe, nerdaxe and any open source mining is a revolutionary way to get back power to people. So mining industry don’t monopoly mining activities.

I have my own BitAxe for 2 weeks and it’s seems hella good.

What is your opinion guys?

Plebs Miners from Indonesia Regards, bitcoinfiq. https://m.stacker.news/45220

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62 sats \ 1 reply \ @gnilma 11 Aug

I received mine in the mail 2 months ago. Super easy to setup to get it up and running. I've been running it for 2 months and had actually forgotten about it, because leave it in the basement with my other bitcoin stuff. It just keeps on running in the background like my nodes.

21 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

Yeah good for you man, let’s join the revolutionary for plebs solo mining and compete industrial mining.

41 sats \ 1 reply \ @Wumbo 11 Aug

Did you build it your self or buy it pre-assembled?

I see it sitting on top of some PC fans in you picture. Did you do that for looks (RGB) or do you feel it needs extra cooling?

21 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

I buy it pre-assembled and PC fan it just for looks, to make it more dope😎

194 sats \ 16 replies \ @k00b 11 Aug

I’d be curious how many plebs we’d need running these micro-miners to actually compete with industrial miners. It should be pretty easy to do the math.

176 sats \ 9 replies \ @Wumbo 11 Aug

The Bitaxe 401 is .733 TH/s

A S21 is ~200 Th/s

So looks like ~270 Bitaxe-401 would equal one S21.

398 sats \ 8 replies \ @k00b 11 Aug

To simplify the math, let's say a pleb miner does 1 TH/s. The ATH of hashpower according to mempool is ~700 EH/s. There are 1,000,000 TH in an EH.

So we'd need ~700,000,000 pleb miners for plebs to gain a majority of hashpower.

While that's a heck of a lot of plebs (10% of everyone of earth), and it's not like industrial miners won't continue to increase hashing, that's fewer plebs than I thought. I was expecting to need more pleb miners than there are people on earth.

421 sats \ 1 reply \ @jasonb 11 Aug

Superheat advertises that their water heater will mine 68TH/s, which would bring that number down SIGNIFICANTLY. Integrating mining into water heating and HVAC seems to be the solution to me. Hashing2Heating has come up with some amazing ideas for making this happen.

41 sats \ 0 replies \ @Bell_curve 11 Aug

Thanks for sharing those links

heating water heating hvac yes!

161 sats \ 0 replies \ @WeAreAllSatoshi 11 Aug

Everybody just needs to do their part

Edit: this makes me think it might be neat to update my daily mining comments to include average hash rate for the last 24 hours…

141 sats \ 0 replies \ @itsMoro 11 Aug

when the creator of bitaxe was on a pod i listened to, he mentioned an interesting benchmark of a million bitaxes is about 1 EH/s, which would mean a bitaxe is finding a block about every 4 days at current network hashrate.

131 sats \ 0 replies \ @TheWildHustle 11 Aug

700 million 1TH pleb miners Or 70 million 10TH space heaters Or 7 Million Freaks with 100TH

So imagine each group gets to a third of what it takes to gain majority hashpower.

233 Million 1TH solo miners 23 million 10 TH space heaters 2.4 million freaks with 100TH

It'll be interesting to see what block comes out with.....

121 sats \ 0 replies \ @OT 11 Aug

I think they're a good start into mining, but like others have said 1x S19 equals about 20 bitaxes.

Hopefully new entrants in the mining space will continue to develop low cost machines for plebs to compete. The main thing IMO is taking market share from bitmain. Bitaxes use their ASIC chips.

21 sats \ 0 replies \ @SatsMate 12 Aug

I wonder if over time if Bitaxe will become more powerful to where it is generating 7,000 EH/s... Could this be in the realm of possibilities?

10 sats \ 0 replies \ @Bell_curve 11 Aug

1 billion pleb miners!

41 sats \ 0 replies \ @bitcoinfiq OP 11 Aug

yeah I think it too, the industrial miners literally goin’ crazy if they knew that plebs miners can actually compete them.

block 853742 will be first history plebs miner hit a block, it’s just a beginning…

20 sats \ 3 replies \ @Bell_curve 11 Aug

and we should all point to ocean?

61 sats \ 1 reply \ @k00b 11 Aug

Do they offer a solo/lottery mining option? That's probably how I'd run one of these.

131 sats \ 0 replies \ @Undisciplined 11 Aug

That's what I've been thinking about doing. Maybe I'll start this winter when I can use the waste heat.

21 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

I’m pointing to public pool mining, since I’d love solo mining and lottery concept.

55 sats \ 0 replies \ @IamSINGLE 11 Aug

Thanks! You've robbed me of my words! These cute little miners don't stand a chance against the giant beasts!

41 sats \ 3 replies \ @SatsMate 12 Aug

I'm going to buy one soon! I met the guys in Nashville, and they are tackling the biggest problem from my view. While I think right now it is a drop in the bucket, overtime, it will continue to decentralize the mining network.

21 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

Yup, you have to buy one asap. We have to decentralize mining network

21 sats \ 1 reply \ @SatsMate 12 Aug

On a side note, it really is scary how China is controlling this much of the block production...

https://m.stacker.news/45296

0 sats \ 0 replies \ @Bell_curve 12 Aug

Who is viaBTC?

152 sats \ 1 reply \ @itsMoro 11 Aug

i like them overall. i hope someone forks and creates one with an ethernet port. i feel like i have to reset mine every 24 hours inevitably due to a wifi hiccup. my futurebit miners that are plugged into a hardlined computer can go weeks without me even thinking about them.

0 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

sounds great, maybe in the future someone forks and creates with an ethernet port. open source mining is the way!

31 sats \ 1 reply \ @0xbitcoiner 11 Aug

This reminds me so much of Elliot's Raspberry Pi hack!

0 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

yup me too, but open source mining is still capable to improve in the future

31 sats \ 2 replies \ @JesseJames 11 Aug

Where did you get it? Reliable source? cost?

21 sats \ 0 replies \ @Bell_curve 11 Aug

https://bitaxe.org/legit.html

21 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

You can check from their website. https://bitaxe.org

31 sats \ 1 reply \ @Skipper 11 Aug

It looks really cool and fun

21 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

yup it is mate, solo mining is the best

31 sats \ 3 replies \ @BlokchainB 11 Aug

Might get one myself. Maybe for Christmas come on Santa!

92 sats \ 2 replies \ @bitcoinfiq OP 12 Aug

you have to, decentralize and open source mining is the way for plebs like us

0 sats \ 1 reply \ @BlokchainB 12 Aug

You right I’ll buy one next month

59 sats \ 0 replies \ @bitcoinfiq OP 12 Aug

Amazing!

31 sats \ 1 reply \ @WeAreAllSatoshi 11 Aug

I have one, got it last January or so. It’s part of my home mining fleet of 3 total miners. I like it, though it’s definitely not producing much. It does seem to be fairly efficient though, compared to my others