d2841 - 7d
Running my bitaxe since yesterday. Pointed to ocean for now. Dashboard states 59 years estimated until minimum payout! Are the only practical options to either solomine or get paid out via lightning? #bitaxe
Yeah, it's spitting in the ocean but point is to play with mining I guess. Just not obvious to me yet what is best way to use it. I'll tag nostr:npub16vzjeglr653mrmyqvu0trwaq29az753wr9th3hyrm5p63kz2zu8qzumhgd in case he has some ideas. Seems silly to mine with a pool for zero ϟ instead of like 40 ϟ a day or so
I understand the math enough to know it's burning money, but the value is the learning and it's a fun conversation piece and item to look at. Mining in earnest is not an option for me for a variety of reasons, with cost of electricity being high in the list 🤷♀️
You do some mining? Not feasible for me (cost and sound, but mostly cost), not to mention the heuristic that jumping into mining just because you like bitcoin usually leads to regret. Guess I'll solo mine for now, since setting up lightning payments seemed tricky from little I watched on it, not to mention the thrill of possibly getting a whole block to myself!
I assume you mean more broadly on op return and not the two implementations. Mine? lol, they don't matter and I haven't done enough considering to have a strong opinion yet. I find myself agreeing with any well laid out argument made at this point (very uncool, I know). ATM lean toward being annoyed with core. Leave the default alone, and keep option available. Faster block propagation times seem like a more sound argument than fee estimation for what they're doing (honestly don't personally care about fee estimation right now). But haven't seen any hard numbers on the impact of fragmented mempool on block prop speed. Is it minor, very big? How many seconds we taking about on average?
Have never understood the heating use case very well. Is it really the case that running a machine designed for something other than pure heating could be more economical? Clearly, since heaters today aren't built to hash, hashing hardware itself isn't most efficient way to produce heat, so the claim must be that the income from bolting on this unnecessary computer stuff offsets the added inefficiency and cost modifying heaters into miners has. Guess it's possible, but something smells off on it to me
Ok, this seems to be consensus. Thanks! Wasn't immediately clear from some quick searching so wanted to make sure. Solo block here I come
Ie, buy a heater and spend savings on buying BTC seems like it'd be better strategy. Anyway, just rambling. Thanks
Yes. I don't appreciate the use of soft power to change things. Hope I partially answered your question. Hard to get into details much on phone typing interface
Yeah, sticking point for me is still that I'd like impact quantified. I suspect it's negligible delays on block propagation, so impact to small miners isn't that big a deal, and the whole miner centralization argument hinges on this as far as I can tell. Fees shmees, nobody cares (maybe lightning heavy users do...not sure).
Which leaves utxo bloat the issue, I guess. Here I'm too ignorant to say much. I know some stuff would likely move over to op return which can be pruned, so improves health of utxo growth rate, but trade off is relaying spam more. I don't know that this would even be a lasting equilibrium, and that other types of spam wouldn't come back to utxo set later. Sigh...🤷♂️
Ooh thanks. I'll give this a look when I get back home. Have to run now. Thanks all for the helpful info!
That's awesome. Hope is that the toy will motivate me to go further down the road to understanding it more like you describe. Unfortunately have to run, but would love to talk more mining down the line.
Yeah, that seems to be consensus. Will have to review options I got later, and definitely not planning to grow my operation
node @node - 7d
Mine is currently pointed to Braiins. Might change that in the future
Wasn't aware of these distinctions. Thanks. Puts a whole different paint job on things... So capex aside, space heater mining for normal home use case, is free mining? Just making sure I didn't grossly misunderstand
d2841 - 6d
Looool, great gif 👌
GM Rand nostr:Rand Going good. Dog walked, coffee made...just doing the dew
p2p/ya*
d2841 - 1d
Hey, finally getting around to doing this. Is it really as simple as changing pool to solo.ckpoop.org and leaving my BTC address in there, save and restart?
In current version you don't add the stratum+tcp bit, but otherwise I'm with you. For worker name I'll want to use the combined address like you have there, eh? I had just added my own with a unique worker name at the end, does that mean I'm mining solo? And if I change that to the two-address format like you have, then I'll be mining with small pool with you guys? Just making extra sure
node @node - 1d
Misread this initially. Ln payout for Bitaxe makes the most sense to me
