How can #bitcoin plebs profitably contribute to mining decentralization? Solo mining is a nice altruistic contribution, but most won’t bother because there’s no incentive, especially in places with high energy prices.
Can I invest in pools implementing Stratum V2? Maybe the economics of this approach don’t make sense. Looking for ideas.
Why not mine into a better pool? Isn’t ocean good?
Seems good, but my point is mining will never be profitable for me. I would spend more on electricity than the value of the sats I’d earn. So I’m better off just buying sats. Sounds selfish but this is the calculation most are doing. I’m wondering if there’s any economic incentive to support mining decentralization in another way.
Yeah I hear you. I think there a few caveats though - if you utilize the excess heat then you’re offsetting a cost. If you consider the Sats will be non KYC then you’re getting something that will cost you premium without paying that premium and they offer you the most optionally as a freedom enthusiast. And lastly the Sats will likely increase in purchasing power beyond what they cost you initially.
All good points. Maybe I’ll talk myself into one of those Canaan heater/miner devices. Much better hash rate than lottery miners.
I would check geyser.fund and opensats to see if they have anything you can donate to which works on the mining centralization problem.
