Nostr Web Client

I’m starting to think #BitAxe pool mining actually can be profitable, if you lengthen your time preference sufficiently. Maybe.

One option is the mini-pool/block-party mining endeavors like the one we enjoyed today. We’ll find a block soon enough; just need to stare at our BitAxes with a bit more intentionality.

Math approach: lightly overclock a Gamma to earn ~69 daily sats in a pool with Lightning payouts (nice)…

That’s 25K sats per year. You spent approximately 150K sats on the BitAxe (or around $150 today). Say Bitcoin appreciates 2x over 3 years (75,000 sats at $200K BTC/USD). Hardware cost is now paid for. Another 3 years and you‘ve earned 150K sats (worth ∞ pieces of clown paper at this point in the fiat timeline).

Electricity is negligible — offset it by unplugging your printer when you aren’t using it, or something.

Difficulty adjustments, network hashrate, and hardware improvements/efficiency gains notwithstanding, it’s easy math 😂

In any case, the 69 sats I mined yesterday will eventually pay for my grandkid’s college tuition, so — like I said — just gotta lengthen your time preference.

Thanks to nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu and nostr:npub1nl8r463jkdtr0qu0k3dht03jt9t59cttk0j8gtxg9wea2russlnq2zf9d0 for inspiring today’s #showerthoughts

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Discussion

Bitcoinisbitcoin 8mo ago

not sats. bitcoin is bitcoin #Bitcoinisbitcoin

boston wine 8mo ago

Mhmmm

paulo 8mo ago

I’ve chosen the yolo route. BitAxes are a sunk cost, a perpetual (or as long as they last) chance of hitting a juicy block.

If it happens, awesome. If it doesn’t, oh well.

paulo 8mo ago

For the culture, in other words 😂

boston wine 8mo ago

🎯⚡️😂

MAKE SONGS LONGER 8mo ago

YOLO

Rich Nost 8mo ago

SOLO YOLO FAM

unknown 8mo ago

YOLO!!

MAKE SONGS LONGER 8mo ago

Nice math 🧮

And you’re welcome 😊

Anytime we can hook up a fleet for the greater good, it’s a win. Seeing the nostr:npub1p0d256yljvn3pl82gpkmdyfqlxcmu6px63msrpmuauzha8yq4eeqprfpqe hit a block in January is inspiring and why we did a charity angle this party, which we can expand on for future parties.

One solo? Probably not gonna find a block. But a fleet doing a group mine like we do? Bettering the chances for all.

At the same time, we are small. And we are doing our part. People start joining the party and learning because anyone can—that’s the point. We just sell hashrate, no equipment needed to mine. But if you’ve got a #Bitaxe or some other machine, point it our pool’s way. Just learning the process, how it works, and why we do this is turning people onto what’s possible.

The more this movement grows, the more we all learn, the more all us little guys are mining and fighting what’s become all out dominance from major mining firms. We’re not a firm. Just some plebs. Plebs doin’ pleb shit. Bunch of #Nostr nerds trying to mine a block on a Saturday.

One day, we will.