Yo!

You can fill a cup that is full but it only makes you stronger, not the cup more full.

~me

Now factor in bitcoin is going up forever. The dollar they are using to gain the bitcoin is going down forever. They see the future.

So to answer what makes it a cut throat business. That is simple. Money.

These big companies spend literally hundreds of millions of dollars on building mining sites.

That consist of:

Large buildings, industrial fans and cooling setups, thousands of asics, internet to each machine, electrical cables for each machine and from the grid to the buildings, transformers outside of the building, technicians, maintainers, spare parts, 24/7 security, payroll staff, CPA’s, $200,000 a month electricity and a lot more. My point is that there is a lot of money flowing so they are looking out for number 1 because the reward is about $180,000/ 10 minutes. That is over a million dollars an hour if you average it out. People kill for less. A lot less.

A mining machine is a MONeY PRiNTER.

You heard it here first.

I started mining a few years ago and it is amazing.

I say that everyone that can mine, should mine with something. Doesn’t matter if it’s a big or small miner setup.

This opinion isn’t widely accepted yet but it will be. (I’m predicting the future.)

Mining is a cut throat business. That is true, but the small miners are not in it for a business opportunity all of the time.

Some of us want to be nerdy and learn about it and can throw $5.00 at a miner or two. Others want to contribute to the network (which is my major push of mine.) The more small miners we have out there in the wild, the more decentralized the network.

Yes you will almost definitely have more sats just buying the sats and holding on until the price goes up. That is looking at it today.

In 5 years when the price has tripled you are still accumulating sats and only have to pay for electricity, you will be glad that you did. Electricity prices will go up slightly compared to the bitcoin you gain.

I guess I am just more bullish than they are.

My favorite saying is that it is a money printer !!!!

Think about it.

I pay for electricity and in return

I get virgin, no Kyc bitcoin,

can hold the bitcoin or

Can sell it without attachment to me ever which means no taxes,

I’m mining at the current price and my energy is fixed.

I mine when bitcoin goes up or down because it is a fixed cost. So when price goes up I get less sats but what I mine is worth more. When the price goes down I get more sats to stack. I’m never worried about buying the dip.

With all of that being said. Where are you in all of this. Are you considering mining?

Thanks for the zap earlier!

Technically it has been there a while. I’m just finding it. Datum is new though.

Thanks Start9 for the zap. You are too awesome.

This is what I do there. Sometimes.

Thanks for the zap earlier man. You are too cool.

Which client do you use to receive zaps? I tried to send you one on iris, but it gave me an error.

I should wait, but I’m being impatient. Going to Start 9.

#bitcoin

#zap Which client do you use to send zaps? My daily is nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955 but I need help so I can send a zap.

You cover everything in this article. Thank you for sending that. Umbrel should hire you. This is the level of support that Start 9 has. Great job BTW.

Agreed 100%. Let the conversation flow.

nostr:npub126ntw5mnermmj0znhjhgdk8lh2af72sm8qfzq48umdlnhaj9kuns3le9ll has slowly been winning me over for this past year. Once you read and understand their docs…. Everything is laid out beautifully and it “just works.” Thanks guys!

#runningbitcoin

#bitcoin

#lightning

Thanks for the reply and for all that you do.

It seems like Umbrel might not be ready for Knots and Datum. I installed Bitcoin Knots and ibd without issue. (Only 48 hours to sync.)

Electrs, lightning, and mempool all ask specifically for Bitcoin core instead of recognizing Knots on Umbrel. Tried to ssh and install. No luck.

Start 9 has no problems recognizing Knots and allowing that to be the only Bitcoin it needs to function correctly. Start 9 is my new go to for Bitcoin related nodes and Umbrel is for media, photos and files.

Does anyone know if we can side load/ install datum on Umbrel yet?

nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr

nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze

#Datum

#Mining

#bitcoinknots

Agreed, keep up the good work.

“Just for Steve” mined the first block with Knots and Datum that contained his signature. Congrats man that is too cool. Or am I the only one that thinks it is cool?

Block: 867737

nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze

#bitcoin

#mining

#Lightning

#bitcoinknots

#Datum