If we want to improve pleb mining we need to make it profitable, not sexy.
Bitcoin mining is an intustrial enterprise and a bitcoin miner is a piece of industrial equipment. This is why I like learning on an S9.
If we educate the plebs at home they can bring it to scale profitably in as many places as possible around the world.
Absolutely. IT networking is one thing, but an ASIC will have you falling down the electrician rabbit-hole!⚡️
Profitability is important, true, but plebs do many things unprofitable.
Running a Bitcoin Node is not 'profitable' either, but people run them because they want to participate and belong to the network.
The success of #nerdminer is a clear example.
Homemining should be easier and sexier.
Is not going to be never as profitable as industrial mining. It can't compete with industry but I think it deserves to exist by its own merits.
Perhaps if it was integrated into more products as many have suggested, i.e. forced-air home heating, clothes drying, water heating, etc. To be sure, these are all still industrial-type solutions that justify the electrical cost in utilizing the heat byproduct.
Agree. But this won't happen until mining chips are significantly cheaper. And even when it scales to IOT like residential applications it won't be significant compared to stranded / wasted energy mining.
I absolutely love plebs mining at home. I do it every winter unprofitably. But I am doing next to nothing to secure the bitcoin network even when my miner is running.
But I am talking with my company about investing in 25MW of bitcoin miners to capture wasted electricity in Kansas (1500 miles away from me).
This is what plebs do.
Sexy mining will not stand the test of time because it is essentially pointless. Running a node at least verifies all my transactions.
While I agree with the general sentiment. Running a BTC node ia not directly profitable, but it is a profit seeking measure. Running your own node aside from other things is a mitigation method aimed at preventing an attack on your money.
Just like investing into maintenance of your car isn't directly profitable, you do it to mitigste the possibility of your brakes not working when you need them potentially costing you a lot of money and possibly even your life.(and not only yours)
