I’m starting to think #BitAxe pool mining actually can be profitable, if you lengthen your time preference sufficiently. Maybe.

One option is the mini-pool/block-party mining endeavors like the one we enjoyed today. We’ll find a block soon enough; just need to stare at our BitAxes with a bit more intentionality.

Math approach: lightly overclock a Gamma to earn ~69 daily sats in a pool with Lightning payouts (nice)…

That’s 25K sats per year. You spent approximately 150K sats on the BitAxe (or around $150 today). Say Bitcoin appreciates 2x over 3 years (75,000 sats at $200K BTC/USD). Hardware cost is now paid for. Another 3 years and you‘ve earned 150K sats (worth ∞ pieces of clown paper at this point in the fiat timeline).

Electricity is negligible — offset it by unplugging your printer when you aren’t using it, or something.

Difficulty adjustments, network hashrate, and hardware improvements/efficiency gains notwithstanding, it’s easy math 😂

In any case, the 69 sats I mined yesterday will eventually pay for my grandkid’s college tuition, so — like I said — just gotta lengthen your time preference.