Damus
Sydney Bright profile picture
Sydney Bright
@brightmindsco

Customer Success at Abundant Mines

Author of The Ancient Way of the Mind

Relays (6)
  • wss://relay.damus.io – read & write
  • wss://primus.nostr1.com/echo-uniform – read & write
  • wss://relaypag.es – read & write
  • wss://profiles.nostr1.com/juliet-yonder – read & write
  • wss://relay.nostrhub.fr – read & write
  • wss://relay.primal.net – read & write

Recent Notes

Sydney Bright profile picture
I am excited to announce that my book, The Ancient Way of the Mind: How Modern Thinking Blinds Us from the Wisdom of the Past, is now available on @Konsensus marketplace.

In this book, I explore the Calm Pond Hypothesis: the idea that the analytical thinking mind, while responsible for some of humanity's greatest achievements, can also separate us from directly experiencing reality. The book argues that Bitcoin represents more than economic and political freedom; it may also serve as a pathway toward greater mental freedom by helping individuals live more naturally and in closer alignment with the cosmic order.

Thank you @Niko 📚 Sovereign Individual for making it easy for publishers to sell their book for real money!

note12lxnp...
Sydney Bright profile picture
I really appreciate your values and I couldn’t agree more.

Perhaps there are some misunderstandings on how we do things. Our hashrate redirect program does not involve FPPS pools.

Our clients can freely pick their pool. Most of our clients use Ocean. In fact, our company fleet points to Ocean also. We are all using DATUM too.

When we compensate hashrate. We simply point our machines to your pool. You still receive the bitcoin from Ocean as if nothing changed.

So, like I said: I respect your values and we try to embody them in the service we have created.
ralphstriewski · 4d
Yes, it sucks, but it made me research a lot. It's important to buy the machines for a very low price. Hashrate/price relation is vital. If they sell you hashrate, I would be suspicious. Why would ...
Sydney Bright profile picture
Hey Ralph,

I appreciate you asking around nostr for insight on our hosting service. If you don’t mind, and while my opinion is obviously biased, I would like to offer a reply here, if for nothing else than for educational purposes.

Firstly, we compensate with hashrate, and we’re proud of it. Our company is full of team members who have been wronged by hosts in the past. One of the lessons we took from those experiences is that customer experience is a low priority for many. While machines going down from time to time is natural in the mining business, we wanted a client experience where one could rest easy knowing we’d handle their machine in a timely manner and that they’d see little to no disruption in their accumulation of sats. Downtime can significantly impact one’s investment outlook, especially considering the scarcity and precious nature of the bitcoin being mined. This is true not only because of bitcoin’s price appreciation, but because every day spent not mining is sats you’ll never get back, thanks to the difficulty adjustment. We want to maximize the sats our clients receive, so we compensate hashrate.

Furthermore, we’ve sold both Whatsminer and Bitmain machines in the past, and at the moment we’re only selling S21 XPs. We’ve found them incredibly reliable, and they remain profitable even at today’s market price and network difficulty.

Lastly, we think it’s worth noting the potential tax benefits of mining. It’s absolutely true that mining is a difficult business. In that same light, most who participate do so as a business and are therefore eligible for bonus depreciation and all the write-off potential of a normal business. In our opinion, one reason mining can be more attractive than buying bitcoin, and much more attractive than renting hashrate, is that the purchase of machines, when structured correctly, can be a tax write-off, which can drastically change one’s investment outlook and return on investment.

All that said, we hope you don’t mind us interjecting on this thread. We simply wanted to share our perspective, and we very much appreciate the open dialogue.
Sydney Bright profile picture
On this 4th of July:

I wake up, go to my local farmers market and buy potatoes, carrots, onions, eggs, and breakfast. Paid all with bitcoin.

This is how I want to celebrate what happened 250 years ago.
1
nostrich · 3d
Not by enough. Plus if it’s anything like the current economics where miners get paid and node runners store the data forever without getting paid - those incentives simply can’t work to reduce spam - that’s why a consensus change is needed to mitigate spam. The rules seem arbitrary because th...