Im loving these in depth bit axe videos. Very high quality content. You're either a natural at making content online or you have other channels. You're doing great.
Thank you! Yeah I'm a full-time TH-camr who focuses on tech videos about radar detectors, laser jammers, and dash cameras. Here's my main channel: www.youtube.com/@VortexRadar Bitcoin is another big passion of mine, but it's a very different niche than what my other channel covers so I started a new channel for this topic.
Hey, thanks for the video. I was doing some calculations today in the name of decentralization. But I think you can gather the statistics better than me. Considering the number of houses in the US, or in Brazil, where I live, and the 20 richest countries, if 10% of the houses run a simple Bitaxe Gamma, which works at 1Th/s, I think it can be significant for decentralization. Of course, we would need to consider more factors, like the demand for the chips and the growing industrial miners. I would appreciate and share a lot of videos like this!!
Since internet connectivity is so ubiquitous in cars these days, and given how governments of the world are starting to hoard BTC, car manufacturers (and maybe IOT manufacturers?) should just have BTC nodes integrated into car electronics.
I love the idea of having nodes and miners distributed around. Give that nodes should ideally be powered on and online 24/7, it’d probably be better to integrate them into something that stays put in people’s homes, but otherwise similar concept. :)
@@VortexBitcoin Yeah, exactly! I picked Tesla, because Elon toyed with the idea years ago...dunno if that'll ever happen, but why not? Cars are so connected these days. Home appliances that're always on - especailly 'smart appliances' can easily run a node, and not take up MORE power. It's not mining, just a node. Refrigerators, especially tv's, consoles can even run a node when not gaming, etc! To avoid a 51% attack, more nodes is a must!
So, basically the BitAxe as 1/321th of a real BTC miner (notably the S21 you showed) and costs *15x MORE* than an S21 for the same hashing power. This is literally one of the biggest BTC scams *EVER* . Edit: If you think my numbers are wrong; a BitAxe 1.2TH unit sells for $199. A 200TH S21 sells for $4300.
Right, it’s not about bang for the buck when you need a display, WiFi chip, power connector, etc for each chip. It’s a great way to get your foot in the door and learn about mining at a fraction of the cost. :)
Well done! Keep em coming. Looking forward to your approach on connecting to pools. What tH would you recommend running before entering a pool in order to earn more than just double digit sats per day? Say I wanted to earn at least 500 sats/day. How much tH would I need to put into a pool to reap something close to that reward? Good things to consider addressing.
My critical point is that the BitAxe might fail before breaking even, so what would be the point. If bitaxe was in a car with solar it might be fun. Maybe someday you buy a BitAxe on paper much like Silver Stocks or Gold Stocks
doesnt worth it - better buy BTC for 150 USD... even with this 16 Watt miners - they dont bring you ROI of this investment NEVER EVER...... its just a mess
Im loving these in depth bit axe videos. Very high quality content. You're either a natural at making content online or you have other channels. You're doing great.
Thank you! Yeah I'm a full-time TH-camr who focuses on tech videos about radar detectors, laser jammers, and dash cameras. Here's my main channel: www.youtube.com/@VortexRadar
Bitcoin is another big passion of mine, but it's a very different niche than what my other channel covers so I started a new channel for this topic.
Great content about Bit axe. Thanks for sharing,
Hey, thanks for the video. I was doing some calculations today in the name of decentralization. But I think you can gather the statistics better than me. Considering the number of houses in the US, or in Brazil, where I live, and the 20 richest countries, if 10% of the houses run a simple Bitaxe Gamma, which works at 1Th/s, I think it can be significant for decentralization.
Of course, we would need to consider more factors, like the demand for the chips and the growing industrial miners.
I would appreciate and share a lot of videos like this!!
Since internet connectivity is so ubiquitous in cars these days, and given how governments of the world are starting to hoard BTC, car manufacturers (and maybe IOT manufacturers?) should just have BTC nodes integrated into car electronics.
I love the idea of having nodes and miners distributed around. Give that nodes should ideally be powered on and online 24/7, it’d probably be better to integrate them into something that stays put in people’s homes, but otherwise similar concept. :)
@@VortexBitcoin Yeah, exactly! I picked Tesla, because Elon toyed with the idea years ago...dunno if that'll ever happen, but why not? Cars are so connected these days.
Home appliances that're always on - especailly 'smart appliances' can easily run a node, and not take up MORE power. It's not mining, just a node. Refrigerators, especially tv's, consoles can even run a node when not gaming, etc!
To avoid a 51% attack, more nodes is a must!
Do you run a node at home?
@@VortexBitcoin Yup, sure do! I run a few full nodes on a handful of coins.
So, basically the BitAxe as 1/321th of a real BTC miner (notably the S21 you showed) and costs *15x MORE* than an S21 for the same hashing power. This is literally one of the biggest BTC scams *EVER* . Edit: If you think my numbers are wrong; a BitAxe 1.2TH unit sells for $199. A 200TH S21 sells for $4300.
Right, it’s not about bang for the buck when you need a display, WiFi chip, power connector, etc for each chip. It’s a great way to get your foot in the door and learn about mining at a fraction of the cost. :)
Well done! Keep em coming. Looking forward to your approach on connecting to pools. What tH would you recommend running before entering a pool in order to earn more than just double digit sats per day? Say I wanted to earn at least 500 sats/day. How much tH would I need to put into a pool to reap something close to that reward? Good things to consider addressing.
So if you’re running on Braiins you’d need a little over 7 TH to earn that much per day currently.
Awesome vid!!! 🎉
Wheres the part to discuss what your earn from these please? What kind of return do you get from pool mining ?
Awesome work!
looking forward to future tutorials
have you done videos for the better coolers i think ive seen people running the ice pi4 coolers
Not yet
My critical point is that the BitAxe might fail before breaking even, so what would be the point. If bitaxe was in a car with solar it might be fun. Maybe someday you buy a BitAxe on paper much like Silver Stocks or Gold Stocks
heh IMO if you’re buying one to make a profit, you’ve kinda missed the point
Is there a Decentralized mining pool that you can recommend to use w the Bitaxe ?
Yeah I like public pool for solo mining :)
@ thank you - is ocean mining decentralized pool?
Dude, Vortex is now doing Bitcoin content? Awesome!
lol yup! :) Avid Bitcoiner and even at a Bitcoin conference this week.
Still pushing that decentralization myth, huh?
I want to buy a similar device for the script algorithm of Litecoin coins solo mining!
100 years to recover your investment lol . no thx!
You missed the point
where is part 3?
Busy with my main channel at the moment. :)
This device lacks the same screen as nerdaxe device.
Yep! I'm looking forward to the upcoming Nerdaxe Gamma for that reason. :)
doesnt worth it - better buy BTC for 150 USD... even with this 16 Watt miners - they dont bring you ROI of this investment NEVER EVER...... its just a mess
Heh if you’re buying it to make money, you’re largely missing the point IMO. :)
In this economy bro @@VortexBitcoin
Trash, just get a real ASIC
Those have their place too. :)
@@VortexBitcoin in the 🗑️. You will never ROI or a payout