I set up a tiny bitcoin miner with my 9-year-old daughter on a Saturday afternoon. Posted a picture on X. Woke up to 1.4 million views.
The device is a Bitaxe. Size of a light bulb, 15 watts, couple hundred bucks. Runs a real ASIC chip, the same kind in industrial mining warehouses, just way smaller.
The odds of finding a block are about 1 in 5 million per day. Run it a year and that's 1 in 15,000. I'd need to run it 15,000 years to expect a hit.
Solo miners do win though. One hit block 912,632 and took home 3.125 BTC. Not me. Yet.
Bitcoin still lets anyone participate directly. No intermediary, no permission required. Just a miner, a power source, and curiosity. People are using mining heat for their homes, capturing flared gas for bitcoin, balancing power grids with hashrate.
My daughter got it right away. She just wanted to know what "hashes per second" means.
https://firebtc.io/p/hashrate-hopium
The device is a Bitaxe. Size of a light bulb, 15 watts, couple hundred bucks. Runs a real ASIC chip, the same kind in industrial mining warehouses, just way smaller.
The odds of finding a block are about 1 in 5 million per day. Run it a year and that's 1 in 15,000. I'd need to run it 15,000 years to expect a hit.
Solo miners do win though. One hit block 912,632 and took home 3.125 BTC. Not me. Yet.
Bitcoin still lets anyone participate directly. No intermediary, no permission required. Just a miner, a power source, and curiosity. People are using mining heat for their homes, capturing flared gas for bitcoin, balancing power grids with hashrate.
My daughter got it right away. She just wanted to know what "hashes per second" means.
https://firebtc.io/p/hashrate-hopium
3❤️2❤️2
