If you had 290TH/s would you tale the risk and solo mine?
#asknostr #bitcoin #mining
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Replies (13)
No
Why not?
Yes. And you could mine to BCH and buy bitcoin immediately. With 290TH you should be getting a few blocks a year on BCH, I think around 5
I solo mine with 10TH/s. So why wouldn’t you do it with 290 TH/s? It’s about decentralization and network strengthening. Right? So don’t mine BCH or other shitcoins
If you had 290TH/s would you take the chance and solo mine?
#asknostr #bitcoin #mining
Because the electricity costs are very high...
I have > 25k TH/s up and running and do not solo mine. Should I?
Oh okay, I get that. How did you acquire 290 TH anyways?
I am heating my home with mining 😂
Not a single drop of oil needed for #heating in a month 🔥
I'm so hyped! I love that window 😍
(need to clean it, i know)
#bitcoin #mining #RY3T
When you #mine your own sats with expensive electricity you realize how incredibly cheap you can buy right now...
There's a LOT of work in every single sat..
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Holy shit that’s one hell of a machine!
But why not solo mine?
Prob not brave enough 😂
With a pool i have a guaranteed income and can calculate at what time the investment is payed off and at what price i heat for free and such things...
The only assumption is that bitcoin continues to go up in price..
Then wait a few years and it should be fine...
On the solo side it completely depends on luck... Of course if i hit a block this compansates everything.. But in the worst possible case i will have zero after the same time... And still spent a lot on electricity
There are soo many factors its extremly difficult to say ...
How much did you pay for that machine if I may ask?
But you are totally right tho! And I kinda get the reasoning behind it, of course it’s up to you. But man, I love that set up 😀