nostr:nprofile1qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qpq0vkwadgkfkg9vzpe04a6rhpzrd8rlw0r84qelag5hgtycrykgz3qyzqfdf CEO Kent Halliburton: "Mining represents the best way to build a bitcoin position: your hardware and electricity costs are fixed and you’ll enjoy a fresh stream of sats for the next 3 years as you cycle fiat into a bitcoin position – it’s a better way to DCA."
https://bitcoinnews.com/interviews/bitcoin-news-exclusive-sazmining/
I went this route and have mixed feelings about it. It is legitimate and I have received payouts, but there are other issues.
They send the sats when you get to 400,000. When my miner was set up about 9 or 10 months ago and started hashing, I was getting them about 2 months apart (3 payouts so far). The last one was 4 months ago and I'm still not close to the 400k for the next one. This is because of a lot of down time due to maintenance (not sure what kind of maintenance) and and electricity curtailments (Paraguay). In their defense, they prorate the monthly charges, so the ROI doesn't necessarily take a big hit.
You also cannot choose which pool to point your hash toward. They seem to work with Luxor exclusively. It's a smaller pool relatively speaking, so for now this is probably alright and helps to take some power from the big 3 or 4 other pools.
Overall, it has its benefits, but be aware that there are tradeoffs to consider.
We hear you loud and clear, Devin, and really appreciate this detailed feedback!
1) Paraguay has been a challenge for everyone, which is why we're working on an upgraded site 🇵🇾
2) You're not the first customer to request a choice of mining pools! OCEAN is high on our list this year and there's nothing we'd love to do more than decentralize the hashrate - it just takes time (and developers) to make it happen 👨💻
3) We try to be as transparent as possible with customers about the realities of mining (we think there's more upside than downside), but could always do better. Feel free to attend our Town Halls (link sent via email to all customers) and give more feedback! 😎
I know you guys are growing, changing, and doing positive things. I just get disappointed when I check my dashboard and the average hash is at or near 0 most of the (recent) time. Not that it's in your power to change, but just a reality of the current situation.
Great to hear that OCEAN is on the to-do list, though! That will be awesome.
100% - we're even more disappointed (since our model is based on revenue sharing)!
This is absolutely the feedback we need to move forward this year.
🙏
