What are your thoughts on Bitaxe?
#bitcoin #mining #asknostr
Discussion
Mostly a novelty device for #Bitcoin enthusiasts. Mine is a cool little desk ornament that can be a great little conversation starter. There is some educational value there, as well.
If you point it at a pool you'll be maybe earning 50-80 sats a day, depending on the model you went with. It will take you years and years to accumulate enough sats to ever get a payout from the pool unless you mine with nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze or Braiins pools, which have payouts via Lightning. If you solo mine it's basically just sitting there making noise for the next 8,000 years, likely not finding a single block. But you COULD get exceptionally lucky and get a full block reward. Think of it like buying a lottery ticket with your electricity every 10 minutes or so.
It’s a cool gift idea for newbies! Pairs well with Opendime as a piggy bank.
Yeah, there are precious few physical things to get a Bitcoiner as a gift, other than swag. For the same price as a Bitaxe, you could get them a decent hardware signing device, but I would never trust one that someone else gave me, rather than ordering it directly from the manufacturer. Some manufacturers have gift cards available, though, such as nostr:npub12ctjk5lhxp6sks8x83gpk9sx3hvk5fz70uz4ze6uplkfs9lwjmsq2rc5ky.
How nice would it be to hit that 3.125 block reward before the next halving?
It doesn't get hot enough to boil water so it's pretty much useless for cooking pasta.