Respect 🙏
quotingI will explain mining yields in detail with a much longer note. It's a good opportunity to showcase my permaculture approach to Bitcoin mining and the progression of home mining here at the homestead.
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The most surface level yields from Bitcoin mining are the sats and the heat.
I mine with a FPPS pool which pays out sats proportional to the hash I contribute to the pool regardless if the pool finds a block or not. The FPPS pool structure is good for my situation because my hash is intermittent. My miners are only running when I need them to do work for me or when I have extra solar power.
The mining I do is transaction fee insurance because as the fees to transact on the network increase the amount of Bitcoin I mine increases proportionally. If I can't delay transactions until fees are more favorable the extra sats I'm earning from mining will subsidize the transactions I make during periods of high fees.
I don't think of the sats I earn from mining as free but more of a rebate on the cost of power usage from the work performed by my miners. Because I use an FPPS pool I don't need to expend extra energy in order to guarantee a payout. I get paid out proportionally to the hash I contribute at the time that I'm hashing. If I'm hashing I'm getting paid.
I hope this clears up some of your questions when comes to yield, transaction insurance, and payouts when it comes to mining at home. Once again I am working on a longer for note that will breakdown home mining yields through the lense of permaculture.
#homesteading #permaculture #permies #meshtadel #selfsovereignty #bitcoin #bitcoinmining #homemining #homeminer #plebminer
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