Veribi or 2Bminer and others are services that offer a share of the bitcoin mining revenue for a fixed cost and payout of that share in bitcoin. If you're lucky and the price of bitcoin goes up, you'll make a profit. Probably less than if you bought the bitcoin directly for that fixed cost (my opinion). It's essentially a financial investment very similar to buying dividend shares in a gold mining company. If you're lucky, you'll make a profit. You won't get personal experience in gold mining or bitcoin mining.
Pool mining is OK from my point of view, assuming you control your mining equipment and can choose the pool and change it if you are not happy with it. By that I don't just mean its performance (luck) and fees, but perhaps also its approach to collecting transactions, etc. From this perspective, Veribi service is not comparable to pool mining, because you can't control either.
Regarding the fear of big miners. It's basically the equivalent piece of HW as a powerful gaming PC. The design is simpler, the software is also simpler, it generates a bit more noise and heat. When it breaks, there are companies that can fix it. No need to be overly respectful.
kuba_adamczyk / Kuba
npub1q6…fxx6g
2024-08-13 15:32:03
in reply to nevent1q…g47y
Author Public Key
npub1q63xpgh89kxxczmhn0thg0vpnmh2nfadngjn6wt5jq5g94a80ywqnfxx6gPublished at
2024-08-13 15:32:03Event JSON
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"content": "Veribi or 2Bminer and others are services that offer a share of the bitcoin mining revenue for a fixed cost and payout of that share in bitcoin. If you're lucky and the price of bitcoin goes up, you'll make a profit. Probably less than if you bought the bitcoin directly for that fixed cost (my opinion). It's essentially a financial investment very similar to buying dividend shares in a gold mining company. If you're lucky, you'll make a profit. You won't get personal experience in gold mining or bitcoin mining.\n\nPool mining is OK from my point of view, assuming you control your mining equipment and can choose the pool and change it if you are not happy with it. By that I don't just mean its performance (luck) and fees, but perhaps also its approach to collecting transactions, etc. From this perspective, Veribi service is not comparable to pool mining, because you can't control either.\n\nRegarding the fear of big miners. It's basically the equivalent piece of HW as a powerful gaming PC. The design is simpler, the software is also simpler, it generates a bit more noise and heat. When it breaks, there are companies that can fix it. No need to be overly respectful.\n",
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