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Did my own research.

With 700GH/s this Bitaxe thing is a toy. In the @`OCEAN`pool it would have just a 0,000021% oh hashrate's share.

Basically nothing.

But.

Apparently it contributes significantly to the decentralization of the process of bitcoin mining.

People way smarter than me (like Luke Dashjr and many others) made a big deal of this issue and as far as I can understand, it makes sense.

If having a single entity ruling over the 51% of the nodes is a centralizing issue, why would we want 3-5 gigantic competitors finding the majority of the blocks?

Bitaxe apparently fixes this, one drop at the time (just like in bitcoin fashion).

For this reason I'm convinced to buy a Bitaxe Supra (find this website, certified by the same people that make the Bitaxe https://bitronics.store/product/bitaxe-supra/)

I still am not sure whether I'll join a pool like Ocean (open source and permissionless) or I'll solo mine. I guess both instances work in favor of decentralization, so I'll decide when the thing comes in the mail.

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Discussion

Beiner 1y ago

Ima build a farm of bitaxes 🦾🦾🦾 some lottey mining and some will get me sats maybe from ocean pool or brians pool

LWB 1y ago

That looks like a plan 😂😂🤙🏻

I'll see how this one goes whether solo or pooling and if I find myself liking it, I'll probably add another one to do the job the other one isn't doing 😝

I don't see myself solomining 3 something corns tho 🫣

Beiner 1y ago

I wanna be in place for when big facilities shut down half the a wall because something something something hahahaha

LWB 1y ago

That'd be a dream 🤩

Datosgi 1y ago

I’ve been eyeballing the Avalon nano 3 myself. Not nearly as cool as the bitaxe but does provide ~3TH/s. My basement is freezing in the winter and early spring. Been needing a source of heat for some seedlings I want to start next year too, so two birds one stone. I do feel guilty supporting a big commercial miner however. I’m conflicted.

LWB 1y ago

Well for not so much more money you can get the bitaxe if it's the one you value the most. I doubt it can provide an efficient source of heat, but even the 140 W/h of the Avalon won't be much help IMO.