The whole idea of bitcoin is rooted in an ethos of independence and sovereignty. Hold bitcoin yourself, on your own wallet with your own private keys, run your own node, and verify the transactions and the validity of blocks yourself... And therefore also confirm transactions and search for a new block independently of the rest of the network. All of this is impossible without learning how to use a HW wallet, operate a HW node or miner. No need to worry about damage, they are quite resilient. Plus, one gets a lot of experience that nothing else can replace.
Discussion
Sirr, i allready mentioned twice that i specially think mining hardware aka asic miners.
All what you want to tell me im allready doing, im just scared of big miners and their chipsets for example.
Ofc that im using my Trezor Safe 3 Bitcoin only edition connected to my electrum node, but to be honest, thats kinda different level of “IT thinking”..You dont need that much skill and code to know run your hw with elects then how much you need to know to be for example “Node router” or that “ Btc Miner”.
You neee to do a lot of more complex thinks that can go wrong by lot %.
Thats why i like simple little miners like Avalon nano, BitAxe and Braiiins miners. They will be enought for me to home mine, but im still interested in that idea of Veribi, its seems more like pool to me.
Btw with this ethos you mentioned, you not agree with pool mining too?
Thanks for your time Kubo.
Veribi or 2Bminer and others are services that offer a share of the bitcoin mining revenue for a fixed cost and payout of that share in bitcoin. If you're lucky and the price of bitcoin goes up, you'll make a profit. Probably less than if you bought the bitcoin directly for that fixed cost (my opinion). It's essentially a financial investment very similar to buying dividend shares in a gold mining company. If you're lucky, you'll make a profit. You won't get personal experience in gold mining or bitcoin mining.
Pool mining is OK from my point of view, assuming you control your mining equipment and can choose the pool and change it if you are not happy with it. By that I don't just mean its performance (luck) and fees, but perhaps also its approach to collecting transactions, etc. From this perspective, Veribi service is not comparable to pool mining, because you can't control either.
Regarding the fear of big miners. It's basically the equivalent piece of HW as a powerful gaming PC. The design is simpler, the software is also simpler, it generates a bit more noise and heat. When it breaks, there are companies that can fix it. No need to be overly respectful.
Wow, that PC point may have opened my eyes 🙏
Thank you so much for taking the time with this long reply.
It actually makes sense, maybe I'm just too scared by nothing
😅