Just some napkin math.
Couple the cost of electricity with the next halving in 2028. The block reward will be 1.5625 Bitcoin and power cost will continue to surge.
Centralized mining will be even more hard pressed to survive.
If there is another cycle down… look out.
Bullish on decentralized “Nothing to Lose” Solo Mining.
There is no such thing as nothing to lose mining.
Ok, you are right. $90 for a BitAxe + the cost of a light bulb power every month to cast my vote in the network. 😁
Of course a figure of speech is just that.
All that energy with no reward is energy you could spend doing another productive activity.
But it ain't much energy, it's also nearly impossible to hit a block with one....
The amount of education I’ve received with a tiny device is beyond the participation fee.
It’s much more of a principle over profit approach and it’s in my blood. So I’m happy with the opportunity to cast my hash.
To each their own. 🫂
You could run a very small grow light and in combination with natural light from a window maybe grow a couple cannabis plants for the same amount of energy.
But like I'm not going to get sent to prison for running at bitaxe (at least not yet)
The actual expensive part is the internet.
It might use a very small amount of data but the bandwidth requirements are expensive.
Running more than one bitaxe on the starlink creates noticeable lag, running one bitaxe on mobile data makes it completely unusable for anything else.
I am of course talking about an Australian issue that doesn't apply to most people outside of Australia.
In places where the government did not give 100 billion dollars to a corporation to take control over the internet you probably don't have this issue
Natural gas and coal back in play, until nuclear gets built up….electricity costs have to be kept in check or there will be a revolt
Coal dependence is the reason for rising electricity prices
Coal is more expensive to dig up and move than it's worth to burn for energy.
Governhad yo pay billions every year to keep the coal fired power plants running while prices continue to rise
Coal is the reason for rising electricity prices, and not the demand from new datacenters and energy intensive tech?
I don’t follow?
Got my Bitaxe plugging away... Never thought I'd hit a block, just felt like one more way to help a teeny bit to decentralize more. Good for all 😊
When $MARA goes to $0.00 I'll be happy.
🐂
the pleb floor difficulty is all that matters
