My mutiny wallet is broken and I haven't tried to fix it yet. Almost isn't worth it. Only had a small amount of sats there.
Have you tried phoenix or breez? All the non custodial lightning wallets have different tradeoffs and fees. I've heard blixt is okay too but never tried it.
DCA in and DCA out
The way I approach it, if I don't have to sell Bitcoin then I don't have enough.
I've been looking for some Bitcoin infused permaculture images for my presentation. Permanent Money; Permanent Culture.
Yeah I'm in SW Michigan. Are you close enough to make a meetup sometime? Go to the lake satoshi retreat in Lansing this summer?
There are certainly fpps pools that are kyc free. I use Lincoin pool which only requires email and offers paynym payouts so there is better privacy with withdrawals too.
For anyone looking to get started I recommend getting an S9. No need to be in a hurry, taking small steps and learning gradually will prevent making costly mistakes.
For me simply having the S9 in my hands made all the difference when it came to finally taking the steps to figure it all out.
Yes! Swapping fans is a great way to easily reduce noise.
I will explain mining yields in detail with a much longer note. It's a good opportunity to showcase my permaculture approach to Bitcoin mining and the progression of home mining here at the homestead.
The most surface level yields from Bitcoin mining are the sats and the heat.
I mine with a FPPS pool which pays out sats proportional to the hash I contribute to the pool regardless if the pool finds a block or not. The FPPS pool structure is good for my situation because my hash is intermittent. My miners are only running when I need them to do work for me or when I have extra solar power.
The mining I do is transaction fee insurance because as the fees to transact on the network increase the amount of Bitcoin I mine increases proportionally. If I can't delay transactions until fees are more favorable the extra sats I'm earning from mining will subsidize the transactions I make during periods of high fees.
https://v.nostr.build/Zn4k.mp4
I don't think of the sats I earn from mining as free but more of a rebate on the cost of power usage from the work performed by my miners. Because I use an FPPS pool I don't need to expend extra energy in order to guarantee a payout. I get paid out proportionally to the hash I contribute at the time that I'm hashing. If I'm hashing I'm getting paid.
https://v.nostr.build/zeGd.mp4
I hope this clears up some of your questions when comes to yield, transaction insurance, and payouts when it comes to mining at home. Once again I am working on a longer for note that will breakdown home mining yields through the lense of permaculture.
#homesteading #permaculture #permies #meshtadel #selfsovereignty #bitcoin #bitcoinmining #homemining #homeminer #plebminer
I'm working on a live stream version of the Applied Permaculture class I offered here at the homestead back in September. There is a local pleb here in Michigan that is helping me work on a promotionial program that you can definitely participate in. Hang tight! More information about it all will be coming soon.
Have you started making hot water with your setup yet?
I didn't use a guide but I just watched a bunch of YouTube videos and designed my system based on the aggregate information I gathered. The only special tool I needed as far as I can remember was a good pair of crimpers for wire fittings.
As far as I know, there isn't a miner that you can buy off the shelf that's not loud without modifications or building some sort of muffler. My goals were to prove the concept of utilizing the heat from the Asics now I have to work on reducing the noise. Especially the clothes dryer.
Yeah I modified my clothes dryer to mine bitcoin!
That way I think about off grid solar is that you are purchasing the power all at once in advance. That part might cost more today that what you can get on the grid but eventually it will pay off especially if the grid power prices go up. Another consideration is the sovereignty. When the grid power goes down it's very likely I'll still have power from my solar power system. Not to mention once you interact with a solar power system you start to value the electricity much more and will likely be more efficient in the way you use it.
I use copper wire. I don't know about aluminum one way or another.
I don't remember how much it all cost exactly and I'm sure prices are different that a couple years ago. A few thousand for sure. I have a used inverter that basically fell into my lap for a good price, everything else is new. I built the panel racking out of what I already had and I already had a box for the components. Basically you need panels, charge controller, batteries, and inverter plus breakers, wire, panel racking, and some other stuff depending on what you want. Lightning arresters for example. The wire and connectors added up to more than I expected so if you can scroung around you might be able to save some money.
I did mine myself. Not very hard to get a basic setup going. It was expensive, but most of that was the inverter which is much larger than I initially need. I intend to slowly expand the system. The system is 1200w and I will be expanding to 2500w for the next step.
Very hard to beat wood heat! We use a rocket mass heater to do the vast majority of the home heating here.
I totally agree, heat pumps are great! I have an air source heat pump that makes up for what the miners can't handle. However, the best form of heat available to me is biomass produced on my property and burned in a rocket mass heater. When I'm heating with wood, I run the miners as space heaters, trying to get closer to the concept of heat the person not the space. Each heating situation is dynamic and situationally specific but if you have miners there is a high incentive to figure out the best ways to use them.
One of my favorite films. Bergman is one of the greatest filmmakers.