Its just a lotto ticket 🎟
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💯 A $300 fun and educational lotto ticket. A decentralized fleet of BitAxes will not overtake industrial mining operations (industrial-scale ASIC miners can produce hundreds or thousands of TH/s). Even if you gathered an army of 50,000 BitAxes (that's $15 million worth!), each producing 1.6 TH/s, you'd only reach about 80,000 TH/s combined.
A single warehouse of industrial miners can dwarf that entire fleet. And dreaming bigger with a million BitAxes? That's $300 million spent to achieve what a few racks of industrial ASICs can do.
It sounds like a good fight for a good cause, and it's a fun hobby project if you'd rather not save for a proper miner or stack more sats.
The harsh reality is that while buyers gamble on hitting a block with their 22W miners, the sellers marketing that distant hope are the ones consistently profiting from the $300 price tags.
If that's a game you're into playing, then by all means, go for it. It's fun and educational. It's the marketing spin I was responding to, and that was not their pitch, because it wouldn't sell more Bitaxes. Personally, I would rather take that money and stack more sats (which is also a collective good for Bitcoin). To each their own.
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@Bitcoin Mechanic Care to comment?
Exactly. Hard to hit a block solo mining. ⛏️
It’s a fun toy. I want one.
It'll probably never happen. But how cool is it to have a little miner you can have on a desk?
