dikaios1517 on Nostr: First, there are two ways you can mine: Solo mining, where there is next to zero ...
First, there are two ways you can mine: Solo mining, where there is next to zero chance that you will ever find a block and have a payout, or pool-mining, where your only real options are pools that pay out via Lightning, or you will never reach the threshold for the pool to send you your earnings.
In either case, getting a Bitaxe in the hopes that you will end up with more sats than if you had just bought the sats outright with the same funds is not likely to pan out for you. If that's your goal, just put the money into buying sats.
If your goal is to have a cool desk display piece that is a conversation starter, helps keep hashrate decentralized, and helps you learn a bit about how mining works, then by all means get one! There are definitely other forms of value that it can provide besides just the sats you earn with it.
In either case, getting a Bitaxe in the hopes that you will end up with more sats than if you had just bought the sats outright with the same funds is not likely to pan out for you. If that's your goal, just put the money into buying sats.
If your goal is to have a cool desk display piece that is a conversation starter, helps keep hashrate decentralized, and helps you learn a bit about how mining works, then by all means get one! There are definitely other forms of value that it can provide besides just the sats you earn with it.