Replying to Avatar 0b817937...

home heating miner! who would have thought. i've only recently heard about i and don't know much. it's creative with a practical use.
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BTC_P2P 9mo ago

I really think the home heating miners have the largest future. Everyone pays for heat. Bitcoiner’s understand opportunity cost but even normies will see the appeal in breaking even on heating costs.

If someone makes a reliable open source miner + heater that can hit payback in a year and I can break even on my heating bill thereafter by stacking non-KYC corn, sign me the fuck up.

I would lottery mine one and point the hash of the others toward ocean. And have a big ass smile of my face all winter 📈

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krisl 9mo ago

I think its wishful thinking. It will be always more efficient (cheaper) to design a device that has loud fans, big power supplies...etc Also you can't heat your house all the time. Even if it catches on, the home miners will quickly become unprofitable while the industrial miners upgrade their equipement...

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BTC_P2P 9mo ago

Idk there are lots of low hash miners out there humming away. If you can heat a space and earn some sats in return it’s still a better option than just turning the heater on.

Four blocks have been found by bitaxes the past few weeks. It’s not impossible. So lottery mining heaters have appeal too.

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krisl 9mo ago

I didn't mean it wont happen to some degree, but not enough to break up the centralization in a meaningful and persitent way. I see more hope in electrical grid balancing, heating/preheating in industries (factorys...etc). So more spread out, so its not just concentrated in mining farms...

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krisl 9mo ago

I ask myself more if centralization is even a problem. I like Erick Voskuils logic, if miners start censoring transactions they are leaving money on the table (transaction fees), encouraging someone in a xyz country to spin up a mining operation and mine those transactions. So in the long term I believe there is a genious self balancing mechanism at play here. Its just theory though, we didn't see a proper attack yet. At the same time, why would miners (even if heavily centralized) hurt their investment by hurting bitcoin in any way (censoring, printing more...et)...