Bitaxe's are dirt cheap? What's the catch?
Discussion
They do like 1Th/s so you’re never going to get your money back.
You’ll make like 66 sats a day. Never get a payout from a mining pool and never mine a block going solo
They’re a toy.
You do know someone got a block with a Bitaxe, right?
Yes. I know. But, you didn’t. And probabilistically this guy won’t either.
My payouts come twice a month at 270 Th/s with a pool. Have you done the math with the bitaxe’s hashrate yet?
I’m all for the bitaxe - I followed the guy that designed it for years. Amazing to see the open source world take on hardware like this. Just don’t think you’ll earn real 🌽 with it
A lot of people promoting these things are lying. The catch is you will never make any significant money from them.. They are not very powerful and you will never make your ROI even though lots of people are claiming you can make thousands.
If you are skeptical go on chatgpt and tell it the specs and it will tell you the truth about these junk things.
They're great to teach about mining. I use mine as a forever lottery ticket. Every approximately 10 min, I have a 0.00001% chance of finding a block.
If you join a poll, I believe you can make about 60-ish sat per day. It may not seem like much, but who knows their value in the future.
Personally, I don't regret getting a Bitaxe. It's fun to have and play around with.