It would be amazing, but if you do the math, for example, you have one antminer S21 that does 470TH at 5000W.
Solo, your chances right now are roughly finding a block in 35 years with that hashrate.
Lets say power per kWh costs you 0.10$ (which is unreal cheap, but just as an example). That amounts to about 360$/month of electricity cost.
So are you willing to stake, for the next 35 years, about 150.000$ (360 x 12 x 35) for electricity for "maybe" finding a block?
Or would you rather join a pool and get regular payouts, so you can pay the electricity bill?
That 150.000$ has to come from somewhere, you need to have a job or something to cover that cost, for 35 years, to maybe find a block...
So solo is all good with bitaxes, burning maybe 20W - what the bitaxe consumes in month, you burn that or in one hair drying session. So its like a rounding error. But once you get some more mining equipment, it doesn't really scale well cost wise.
I think we need pools, just better pools, more p2p, more open...etc. Solo is fun, but it wont happen IMO...
krisl
npub123…yy567
2025-03-23 11:15:49
in reply to nevent1q…4j89
Author Public Key
npub1234eyna40vdnkfpsjfr95apn8afkux9lgmkx8lduwvkkk4cew2wsayy567Published at
2025-03-23 11:15:49Event JSON
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"created_at": 1742728549,
"kind": 1,
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"content": "It would be amazing, but if you do the math, for example, you have one antminer S21 that does 470TH at 5000W. \n\nSolo, your chances right now are roughly finding a block in 35 years with that hashrate.\n\nLets say power per kWh costs you 0.10$ (which is unreal cheap, but just as an example). That amounts to about 360$/month of electricity cost.\n\nSo are you willing to stake, for the next 35 years, about 150.000$ (360 x 12 x 35) for electricity for \"maybe\" finding a block?\n\nOr would you rather join a pool and get regular payouts, so you can pay the electricity bill?\n\nThat 150.000$ has to come from somewhere, you need to have a job or something to cover that cost, for 35 years, to maybe find a block...\n\nSo solo is all good with bitaxes, burning maybe 20W - what the bitaxe consumes in month, you burn that or in one hair drying session. So its like a rounding error. But once you get some more mining equipment, it doesn't really scale well cost wise.\n\nI think we need pools, just better pools, more p2p, more open...etc. Solo is fun, but it wont happen IMO...",
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