Why aren't you mining bitcoin?
#asknostr
Responses with houghtful insights and/or jokes may be zapped.
Discussion
simple answer: i don't have mining equipment
nowadays even my GPU won't work for mining
It's cheaper to buy bitcoin
Why assume I am not?
I don't have free energy.
I mine solo with Bitaxe.
Because I have a single Bitaxe 😅
Been there, done that and got the Pleb Miner t-shirt. KYC-free sats are cheaper on Bisq than from my electricity bill.
#DontRiskItBisqIt
What payment method do you recommend?
Depends on your level of paranoia. "Easiest" and most liquid are bank transfers. More freedom orientated and less liquid are Cash by Mail and US Postal Order.
How risky is cash in the mail? Is there a max amount you'd recommend not exceeding? Or do you get insurance to mitigate risk of theft?
You should video record the packaging process, use some tamper proof bags. If issues arise with the seller hopefully you can use mediation on Bisq.
This.
I've done many cash buys over $500. Its my favorite way to stack.
I need heat during winter why not take a lottery chance
One still needs heat and one chip stillnsolves the block
Bitcoin mining lottery is the only reason I might try it again. But actual mining for real sats is a fool errand with my electricity prices.
What are you using? The mini 3 is pretty decent. Nice work!
Have you looked at the electricity prices in Germany?
I want to when it can reliably heat my water/home with it
I think preheat will be the closest for now.
0.23¢/KwH electricity is a bit of a buzz killer
Ouch
Woof.
How's the heating bill?
Luckily we have plenty of trees 🪵
Would never be able to afford electric heat. Have always wanted to run some winter hash heat because we are in a cold climate it would be so perfect. But even for heat I can’t make the math work.
Wood gasifier running a generator💡
Not profitable. Better to just buy bitcoin. But also, I do mine. Just for fun. It’s playing the lottery daily.
Mostly because the ROI calculations for most affordable machines isn't appealing any more. Some of the machines presented at recent events have like an ROI of 10 years or more. Why would I buy that?
Fair. Think commodity hardware will come soon.
Yeah. The mining game has changed a lot. I remember my first S5 broke even in like 90 days or so. I'm not saying mining can't be profitable any more because the hash rate obviously says otherwise but the game has changed A LOT for home miners.
I support the ₿ network with 1.3 Th/s 🧡
