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87 sats \ 6 replies \ @realBitcoinDog 5 Mar \ on: The pain of mining with Compass Mining. CBP may hold my miners hostage! bitcoin_Mining
I have never heard of anyone who has ever had a positive hosted mining experience.
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93 sats \ 2 replies \ @evanbaer 10 Mar
This sort of issue is why I founded Rigly - it should be possible to buy hashrate direct from the mining farms and mine at a (potential) profit
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10 sats \ 1 reply \ @BlokchainB OP 10 Mar
Yikes these auctions and profit margins are extremely thin. If you win a bid you might break even or maybe have a 500 sat gain for the amount you won your auction on
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103 sats \ 0 replies \ @evanbaer 11 Mar
I hear you. The auctions for hashrate now / in the near future get a modest discount -- or the kyc-free sat premium
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10 sats \ 2 replies \ @BlokchainB OP 5 Mar
It depends on your perspective of positive. If the goal is to accumulate bitcoin and that’s all you care about it then it works great. You can mine a ton of bitcoin. But now if you hope to do it profitability (in fiat terms) will then you can possibly bankrupt yourself. Paying for power and miners will crush you unless you have another source of fiat to sustain the costs of mining.
Why I think people like Darth are LAPRers because when it comes to personal finance you need some level of fiat to sustain life. If not then you would use all of your fiat to mine and get Bitcoin.
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65 sats \ 1 reply \ @realBitcoinDog 5 Mar
Who is the most pure Bitcoiner?
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10 sats \ 0 replies \ @BlokchainB OP 5 Mar
Maybe the early folks but even they used fiat. So who really knows
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