w035h on Nostr: Love this initiative! Curious to see if this initiative will be followed by other ...
Love this initiative! Curious to see if this initiative will be followed by other communities around the world. #homemining #nostr #mining #bitaxe
quoting note1ed0…7zj0I worry about mining pool centralization. The mining industry has grown to an almost incomprehensible scale, and I don't have a perfect solution for this issue.
However, I know for sure that education is essential for any solution. The BitAxe is the perfect device for that purpose.
It looks cool, is affordable, and is a 'real' miner. When people plug in their BitAxe, they immediately understand how tiny their share of the network is.
That's why I decided to sell the BitAxe to my community. It's not about making a profit (given the volatility, I barely break even), but about giving people the chance to learn about mining.
We sold 355 BitAxes in a week.
Next, we're setting up our own mining pool. The ultimate goal is to mine a block, but the chances are negligible, even with 355 BitAxes.
Anyway, it's a very fun project. I'll keep you posted.
