Fees are up, miners are on. Thanks Casey!
Discussion
Hi Derek,
That looks like a 120 volt.
Which miner would you recommend that I can plug in my wall 120v? I have never mined before!
You can run an S9 probably. They were pretty cheap on eBay for a while. Idk what they'll look like right now.
It's only profitable of your energy is about 3-5¢ / kwh
Fees making it profitable for the time being.
If you’re on 120 volt, you should look for Bitmain Antminer S9. kaboomracks.com sell them used. (Their marketplace is on telegram-the link is on their website) 😃
I fully recommend Kaboom as well.
Hey hey! It's actually 240v outlets, but these old S9s will work fine on 120v too. I use them inside during the winter to heat the house.
They are old and not efficient. You'd want to buy a newer model S19 if getting into serious mining.
Stack those sats!
I was thinking this is actually an interesting way to convert shitcoin market cap into bitcoin marketcap.
They can always print more shitcoins and sucked in fiat to pump their bags, but now they’re moving that into bitcoin to pay these fees. Once it goes into miners pockets, it’s generally sold to hodlrs, or kept by pleb miners.
That's an interesting cycle. Though I can't see that cycle working out forever. It will get overly expensive for them as fees and the fiat price of Bitcoin increases.
And all that value will be moved into bitcoin, and the next phase of the ecosystem will develop. Maybe the shitcoining is in its death throes moving its way back to daddy bitcoin… (maybe the corporate theory or microstrategy’s sats rewards theory moves to dominate the narrative?)
My S9s are on too 🤣.
Info lue cette semaine, à ce rythme, certains risquent d'être vraiment en difficulté, je me demande s'ils (Etats fournisseurs) ne font le tout avec ces hausses pour décourager ceux du secteur (métiers)qu'ils estiment trop energivores. C'est triste
What is the value of mining on this machine