Bill Cypher on Nostr: It isn't just my "desktop toy." It it's about changing the culture until everyone is ...
It isn't just my "desktop toy." It it's about changing the culture until everyone is running them to secure the network and not just for an immediate profit motive, the same way everyone should run a node. That will drive down profits and force some of those bigger players to shut down too.
Bigger hodlers should hash more, I just used the bitaxe as an entry level example.
If you have 1 bitcoin I think you should at least run a node and 1 bitaxe, minimum. How much per month should you be willing to spend to secure a larger stack?
It scales up from there. If you have 100 coins I think a much larger hashrate is appropriate. Any losses should be thought of as the recurring security cost of keeping your life savings secure.
That other security first coin some people like to bring up is hopelessly unprofitable to mine at any electric cost and any CPU efficiency. That is because everyone mines as a matter of course. Bitcoiners could take a lesson.
Mining isn't a thing you do for a profit motive. It is more of a civic duty, like picking up trash in the local park.
Bigger hodlers should hash more, I just used the bitaxe as an entry level example.
If you have 1 bitcoin I think you should at least run a node and 1 bitaxe, minimum. How much per month should you be willing to spend to secure a larger stack?
It scales up from there. If you have 100 coins I think a much larger hashrate is appropriate. Any losses should be thought of as the recurring security cost of keeping your life savings secure.
That other security first coin some people like to bring up is hopelessly unprofitable to mine at any electric cost and any CPU efficiency. That is because everyone mines as a matter of course. Bitcoiners could take a lesson.
Mining isn't a thing you do for a profit motive. It is more of a civic duty, like picking up trash in the local park.