hobby mining is emphasising hobby
meaning not the main job of your life, not the profession. not the main income earner. its the thing you jump in and out of when you have spare time or it occasionally peaks your interest to get involved in
the whole point of defining a class of miners as hobby miners is to separate if from the class of the professional asic farms that mine 24/7 no matter the weather or season. vs those that dont do it all the time/all-season
Topic: What do you consider to be a hobby miner? - page 2. (Read 264 times)
Mining is not what that should be regarded as a hobby. Or I can not consider it as a hobby. The reason for this is because I do not think someone will say he is mining bitcoin for pleasure. Hobbies are activities that you do for pleasure.
I think that there are people who consider mining a hobby. In as much as we know that there are a lot of cost involved in setting up a mining rig even if it is a small one, there a people who by virtue of their geographical location and other factors are already at an advantage that enables to afford to mine as a hobby. For example people who live in areas where the cost of electricity or energy is lower than in other places. In addition, people who live in areas where mining equipment like the ASICs are cheaper that in other areas. 
Mining is not what that should be regarded as a hobby. Or I can not consider it as a hobby. The reason for this is because I do not think someone will say he is mining bitcoin for pleasure. Hobbies are activities that you do for pleasure. Even if some people just like to be a miner and not benefiting from it, it is still not a hobby for such person because no pleasure derived from not benefiting from being a miner.
The pleasure I mean is the one that makes your hobbies to be recreational activities that can even benefits your health like riding a bicycle with friends, reading story books and novels, watching movies and sport events on TV et cetera.
The pleasure I mean is the one that makes your hobbies to be recreational activities that can even benefits your health like riding a bicycle with friends, reading story books and novels, watching movies and sport events on TV et cetera.
I enjoy mining Bitcoin. I started doing it in 2011 and it has always been a hobby to me. I’ve had custom electrical work done to enable it, custom ducting, went solar, got a battery backup. I did all these things not to increase profitability or anything like that. I did it because I was having fun supporting a project I care about. I’m still solo mining for fun now and I donate all the coins I get to a community project. No concern about profitability whatsoever.
Mining is not what that should be regarded as a hobby. Or I can not consider it as a hobby. The reason for this is because I do not think someone will say he is mining bitcoin for pleasure. Hobbies are activities that you do for pleasure. Even if some people just like to be a miner and not benefiting from it, it is still not a hobby for such person because no pleasure derived from not benefiting from being a miner.
The pleasure I mean is the one that makes your hobbies to be recreational activities that can even benefits your health like riding a bicycle with friends, reading story books and novels, watching movies and sport events on TV et cetera.
The pleasure I mean is the one that makes your hobbies to be recreational activities that can even benefits your health like riding a bicycle with friends, reading story books and novels, watching movies and sport events on TV et cetera.
Picking a couple of random quotes from random people in another thread.
I have a different view in that hobby miners don't really care about the cost of mining (or do not care that much) or what the value of BTC is.
It's not a 'side hustle' it's not a 2nd job.
I am never going to make any money riding motorcycles it's a hobby.
I see hobby miners as the same, they like the mining tech, they like playing around, and as long as they don't loose the house payment buying and tinkering with miners it's not a big deal.
What I would call 'home miners' are people looking to make a profit, be it mining out of their basement / garage / whatever.
Just wondering how other people view things like this. It's more semantics, but when someone says 'hobby' miner to me I see something different then 'home' miner. And if we are having a discussion we can wind up thinking the other person is thinking something else.
Self moderated to prevent spam.
-Dave
....to me hobby miners are not professional miners contracted into mining as a full time task. they just play around when the time is right. they are more likely to jump to crapcoins that are sha-PoW when times are bad for btc profit. and market buy btc when its cheaper to buy coin rather then pay electric at a loss
hobby miners dont do business plans of a 2 year budget, prepaid.. hobby miners are more short term dipping in and out when the time is right...
hobby miners dont do business plans of a 2 year budget, prepaid.. hobby miners are more short term dipping in and out when the time is right...
They can be hobby miners if they have already been in this Bitcoin mining industry long enough, get enough profit and have enough deep budget. I mean they are rich enough to mine bitcoins as their hobbies without any worry on what's happening now and next couple of months because they can spend bills from their deep pockets.
They don't mind facts are going on at the moment and near future, consider mining as hobby but eventually they get profit because after several months, market rally helps them to automatic harvest profit. Several months is only example, their waiting time for profit harvest can be different depends on different phases of market.
They don't mind facts are going on at the moment and near future, consider mining as hobby but eventually they get profit because after several months, market rally helps them to automatic harvest profit. Several months is only example, their waiting time for profit harvest can be different depends on different phases of market.
I have a different view in that hobby miners don't really care about the cost of mining (or do not care that much) or what the value of BTC is.
It's not a 'side hustle' it's not a 2nd job.
I am never going to make any money riding motorcycles it's a hobby.
I see hobby miners as the same, they like the mining tech, they like playing around, and as long as they don't loose the house payment buying and tinkering with miners it's not a big deal.
What I would call 'home miners' are people looking to make a profit, be it mining out of their basement / garage / whatever.
Just wondering how other people view things like this. It's more semantics, but when someone says 'hobby' miner to me I see something different then 'home' miner. And if we are having a discussion we can wind up thinking the other person is thinking something else.
Self moderated to prevent spam.
-Dave
Jump to: