Hey everyone. I’m curious if these home miners actually work or if they're just gimmicks. What are the chances of mining a block with one of these devices? Any tips for what to look out for? I heard someone mined block 888737 with a home setup.
Home Mining: Is It Worth It?
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Honestly man, just don’t mine. The odds are stacked against you. Home miners have a super slim shot at getting a block. It’s really not worth the potential fallout.
Listen to fuzz he knows what he’s talking about. Just stay clear of mining and you’ll avoid trouble.
Yes, they work. But chances are low. Bitaxe 601 seems decent, I wouldn’t stress over it too much.
Think of it this way, you could end up in jail before making any real money. It’s a huge risk for a tiny reward.
Sure, it works. But lower hash efficiency and higher costs compared to bigger ASICs. Check out solo chance for probabilities, but don’t expect to hit a block with just one device. And be careful about drawing attention.
If you're still set on mining in your area, skip the Nerdminers. They’re basically toys with their low speed. Most pools won’t even accept them, you need something way more powerful.
Home mining seems better nowadays, so if you’re feeling brave, go for it.
Dude, you basically told them to break the law.
Lol I totally missed that part about their country. Yeah, definitely don’t mine if that’s the case.
Always keep local laws in mind before diving in.
eric.omegaNewbie
Posts: 5 · Reputation: 37
#12Sep 12, 2019, 04:20 AM
If mining could land you in jail? Just don’t do it. You clearly don’t have solid OPSEC if you’re asking here.
I was gonna suggest the canaan mini 3 as a solid home miner, but then I realized you’re trying to fly under the radar. Why even bother if it’s illegal where you are?
If you go mining with an ASIC like that, good luck getting your money back. You’re looking at a long payback period, not worth it unless it’s cheaper.
Yeah, it’s just not worth the risk unless you’re cool with potentially facing jail time. There are easier ways to profit in crypto that don’t draw attention.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#16Sep 12, 2019, 04:07 PM
If you really want to mine, maybe think about moving. There are options out there.