Home mining is unprofitable in many countries because of the electricity. And some may not have the skills to buy the right hardware and do all that's needed.
I don't know, it may be easier and cheaper to find pool owners or miners and strike a deal. Freshly mined coins are not a "wow" yet and afaik they are not more expensive than the market price. Am I missing something?
Topic: Home mining for non-KYC Bitcoin - page 2. (Read 324 times)
Hi,
I found this VERY interesting article about mining.
The article twists the perspective from pure economic profit, to something maybe more important: generating pure, anonymous Bitcoins.
Home mining for non-KYC Bitcoin.
Have you ever considered mining Bitcoin at home? Maybe you have but were deterred by naysayers telling you that home miners cannot compete with industrial-sized players. Or maybe you heard it's too complicated to configure your own setup. Or that residential electrical costs make it so that you will never be profitable.
Join me as I set out to put the FUD to the test and find out for myself what the truth of the matter is. You know how the saying goes, "Don't trust, verify".
<...>
If you have had an interest in mining at home but have been told it's not profitable then his guide will change your mind.
TOC
Something I think it's worth mentioning is that probably (not really sure about this) is that this kind of coinbase-like BTC's probably have a higher price than "dirty" bitcoins.
I am not technical about mining, but I think this might give a new perspective on the activity.
I found this VERY interesting article about mining.
The article twists the perspective from pure economic profit, to something maybe more important: generating pure, anonymous Bitcoins.
Home mining for non-KYC Bitcoin.
Quote
An article on setting up an ASIC Bitcoin miner at home with the goal of generating a non-KYC stack. Procurement, electrical infrastructure, ventilation requirements, noise treatment, connecting to a pool, and operational costs/rewards will be covered here. Additionally, community questions from Twitter are answered individually at the end. Several additional resources are presented as well.
Quote
Have you ever considered mining Bitcoin at home? Maybe you have but were deterred by naysayers telling you that home miners cannot compete with industrial-sized players. Or maybe you heard it's too complicated to configure your own setup. Or that residential electrical costs make it so that you will never be profitable.
Join me as I set out to put the FUD to the test and find out for myself what the truth of the matter is. You know how the saying goes, "Don't trust, verify".
<...>
If you have had an interest in mining at home but have been told it's not profitable then his guide will change your mind.
TOC
Quote
- Procurement
- Electrical
- Noise Treatment
- Ventilation
- Connecting to a pool
- Operating costs/rewards
- Questions & Answers
- Resources
Something I think it's worth mentioning is that probably (not really sure about this) is that this kind of coinbase-like BTC's probably have a higher price than "dirty" bitcoins.
I am not technical about mining, but I think this might give a new perspective on the activity.
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