Bitcoin and Clyde on Nostr: I understand you can mine to decentralize hash, to help secure the network, but also, ...
I understand you can mine to decentralize hash, to help secure the network, but also, many people also mine to make more sats. While the ongoing energy costs are 0 sats, the costs to build the setup costs sats. You could justify it by “to help the network”, use sovereign energy, or be being more economical after X months at 0 sats/kWh, or positive sats from mining rewards after X months.
I’m not trying to be a dick or downer, I just like to run the numbers and see how things pencil out.
The setup it dope even if it can’t pencil out under current conditions. Cheers 🍻
Published at
2025-03-07 03:58:51Event JSON
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"content": "I understand you can mine to decentralize hash, to help secure the network, but also, many people also mine to make more sats. While the ongoing energy costs are 0 sats, the costs to build the setup costs sats. You could justify it by “to help the network”, use sovereign energy, or be being more economical after X months at 0 sats/kWh, or positive sats from mining rewards after X months. \nI’m not trying to be a dick or downer, I just like to run the numbers and see how things pencil out. \nThe setup it dope even if it can’t pencil out under current conditions. Cheers 🍻 ",
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