Any solo miners use one of these?

https://i.redd.it/qgz3gned5kge1.jpeg

created by Sneaksketch on 01/02/2025 at 16:53 UTC

86 upvotes, 24 top-level comments (showing 24)

Just Saturday searching and come across these. Has anyone got one and if so, what’s your thoughts. Also - solo mining, worthwhile or not so much? Cheers for any input :)

Comments

Comment by ManHorde at 01/02/2025 at 17:34 UTC

57 upvotes, 2 direct replies

Don’t buy this expecting to be profitable. Buy this to further secure the Bitcoin network. If we have millions of individual solo mining, it would make a difference in decentralization. Also, you get a lottery chance to find a block, 3.125 bitcoins

Comment by OffThread at 01/02/2025 at 17:10 UTC

36 upvotes, 1 direct replies

You may know a bitmain [1]board is dozens of chips ( BM1368 ASIC ) all working together as one big system. Bitaxe is an open source project that takes those chips out and places single ones into it for home low power use. It's a neat way to continue using the chips when the whole bitmain board is no longer useful for the big miners.

1: https://www.bitmain.com/

It worth depends on your view point, ever buy a scratch ticket? Because, running a bitaxe solo has better odds of mining a block then that scratch ticket has of winning the big prize.

One purchase has you automatically "scratching a bitcoin ticket" every 10 minutes.

Comment by mrjune2040 at 01/02/2025 at 17:39 UTC

21 upvotes, 2 direct replies

The rational outcomes are: a/ spend $200 and never see that money again (most people don't win the lottery), or b/ use that $200 to buy BTC, hold for 10 years and likely have multitudes of what you had today. The second option is the only rational choice imo. 'A scratch ticket' or 'supporting the network' (with insignificant hash) are not rational approaches.

Comment by Fun-Relationship-840 at 01/02/2025 at 17:19 UTC

7 upvotes, 0 direct replies

It's not worth it if you want to gain money out of it, but it makes you a part of Bitcoin blockchain network, and as a bonus, you get a new lottery ticket every 10 minutes

Comment by GeeEyeDoe at 01/02/2025 at 18:17 UTC

6 upvotes, 0 direct replies

I’ve one for the novelty and the slim chance of hitting a block. Every night I tell it how hard it’s trying and if can please, one time, hit a hash higher than the target. Then I go to sleep soundly as it is super quiet.

Comment by Savik519 at 01/02/2025 at 17:20 UTC

3 upvotes, 0 direct replies

r/bitaxe

Comment by BlazingPalm at 01/02/2025 at 19:37 UTC

3 upvotes, 0 direct replies

You can also join a mining pool and get a consistent 20 sats a day or whatever.

Comment by customsolitaires at 01/02/2025 at 18:24 UTC

2 upvotes, 1 direct replies

But how much does it mine per day, regardless of mining cost?

Comment by neiped at 01/02/2025 at 18:26 UTC

2 upvotes, 0 direct replies

I think it’s a fun way to mine at a small scale

Comment by jaraxel_arabani at 01/02/2025 at 19:15 UTC

2 upvotes, 0 direct replies

I'm curious how much power does this use?

Thinking of getting into resume printing and would need to keep the small encloser area around 30oC probably in my crawlspace which is 15-20oC generally. I can even put this inside the enclosure too.

Would help run the network while I'd need to run a vat heater anyways, seems better use of a heater if the power isn't unreasonable for the heat

Comment by Full-Cardiologist751 at 01/02/2025 at 17:01 UTC

1 upvotes, 0 direct replies

Is it special

Comment by FunnyAtmosphere9941 at 01/02/2025 at 18:27 UTC

1 upvotes, 0 direct replies

This is lottery ticket mining. You buy one and run to support network. You won't make monet on it unless u solo mine and hit a block. But you have bigger chance to win lotter few times in a row

Comment by customsolitaires at 01/02/2025 at 18:37 UTC

1 upvotes, 1 direct replies

This only plays the lottery? No daily mining output??

Comment by Brad_Mohr at 01/02/2025 at 19:04 UTC

1 upvotes, 0 direct replies

I always wondered if it was worth it to do bitcoin mining.

Comment by True-Culture2804 at 01/02/2025 at 19:22 UTC

1 upvotes, 0 direct replies

These are cool af man

Comment by Lima-PT at 01/02/2025 at 19:29 UTC

1 upvotes, 0 direct replies

I prefer the nano 3 ths for 140w

Comment by Sneaksketch at 01/02/2025 at 19:40 UTC

1 upvotes, 0 direct replies

Just a heads up. I’m not looking to buy this to make money. If I do, bonus. It’s more just about helping the network and having a cool little thing lying around. If I got anything from it money wise it’s just a bonus

Comment by Sanchezthedude at 01/02/2025 at 19:41 UTC

1 upvotes, 0 direct replies

Me :)

Comment by RokenIsDoodleuk at 01/02/2025 at 20:22 UTC

1 upvotes, 0 direct replies

Solo mining is the long term play if you already HODL. Think about it, with the message Bitcoin brings, provable decentralization can bring a huge increase in price, as one of many factors. The more you HODL, the more solo miners you should put to work. The electricity bill for one of these things is laugable and I think it could be easily offset by the gains you make if you're already a HODLer.

Comment by Abject-Cup-9929 at 01/02/2025 at 20:43 UTC

1 upvotes, 0 direct replies

They are a waste of money

Comment by iknowyounot88 at 01/02/2025 at 17:10 UTC*

0 upvotes, 0 direct replies

Bro it's 2025, solo mining isn't much of an option these days depending on your expectations.