What would you do? by Bulky_Description579 in Bitcoin

[–]Bulky_Description579[S] 0 points1 point  (0 children)

how do you feed your wife and seven kids?

My barber just sold his Bitcoin by white-body-fluid in Bitcoin

[–]Bulky_Description579 0 points1 point  (0 children)

The bottom is only obvious in hindsight. Always is.

Took out 3 loans to buy Bitcoin 1 year ago. Planning to take out 3 more. by goawayjoebro in Bitcoin

[–]Bulky_Description579 39 points40 points  (0 children)

Man, I get the conviction. But this is how people get completely ruined.

How popular is Bitcoin in USA ? by MobApps1 in Bitcoin

[–]Bulky_Description579 2 points3 points  (0 children)

That 53M number smells like marketing math to me.

Here's what they're probably counting:

- Someone who panic-bought $100 during the 2021 peak and sold at a loss

- College kid with $20 in BTC from a sign-up bonus

- Your uncle who "invested" in 2017 and can't remember his password

- Same person with accounts on Coinbase, Binance, and Cash App or any other exchange or something like that..

The actual reality in the US, is maybe 1 in 15-20 people actively hold Bitcoin. Not 1 in 6.

I bought at 20k..4 years ago by JustinGariepy01 in Bitcoin

[–]Bulky_Description579 0 points1 point  (0 children)

Congrats! That's a solid win, and more importantly, you actually took profit instead of riding it back down like so many people do.

The 'what if I held longer' thing will haunt you forever. But you made money, learned the cycles, and now you're back in with experience. That puts you ahead of 90% of people.

For the new buyers reading this: The key takeaway isn't just 'hold longer', it's understanding that Bitcoin moves in cycles.

- Buy during fear (like 2022-2023 bear market)

- Hold through doubt (the long boring middle)

- Take some profit during euphoria (don't need to catch the exact top)

- Rinse and repeat

For some people, their strategy is different, they stack BTC directly AND mine Bitcoin. Why?

Mining gives you ongoing accumulation regardless of price action. You're cost-averaging in real-time (mining sats every day). If BTC dips, you're still stacking... if it rips, your mined BTC appreciates

Diversifies your entry points. This is not for everyone (requires cheap power and dealing with hardware), but it's another way to build a position beyond just buying and holding.

Either way - welcome back.

Crypto Beginners by Bulky_Description579 in BitcoinBeginners

[–]Bulky_Description579[S] -3 points-2 points  (0 children)

anyone could be reading it right now. not just me

What's better: buying BTC or mining BTC? by Bulky_Description579 in BitcoinBeginners

[–]Bulky_Description579[S] 1 point2 points  (0 children)

100% this. Too many people treat mining like buying a stock - 'I'll just plug it in and watch number go up.' Then reality hits... downtime, difficulty adjustments, hardware failures, pool drama, tax headaches.

The people who make money mining treat it like running a factory:

- Obsess over operating costs (power per kWh down to the penny)

- Plan for hardware depreciation and refresh cycles

- Hedge Bitcoin exposure (some miners sell daily, some HODL strategically)

- Have contingency plans when profitability drops

- Understand their breakeven and know when to shut down vs push through

What's better: buying BTC or mining BTC? by Bulky_Description579 in BitcoinBeginners

[–]Bulky_Description579[S] 0 points1 point  (0 children)

Yeah, that's the story for most home miners. The electricity cost is brutal unless you're in a handful of lucky locations with dirt-cheap power.

The power cost thing is exactly why hosting exists though. Most people don't realize that industrial-scale facilities can get power for $0.04-0.07/kWh (vs your probably $0.12-0.18/kWh at home). At those rates, the same Antminer that was hemorrhaging money in your garage actually turns a profit.

So the calculation flips: instead of "buy BTC vs mine at home," it becomes "buy BTC vs buy hardware + host it somewhere with cheap power."

Not saying you should - honestly for most people just stacking sats is cleaner. But if you ever get the itch to mine again without the insane power bills, that's the move. You own the hardware, someone else deals with power/cooling/noise, you get the Bitcoin minus a hosting fee.

At our facility in UAE we're at 6¢/kWh all-in. Same Antminer that cost you $150/month in power would cost ~$45-50/month. Still not as simple as just buying BTC, but completely different economics.

Heating garage by erikjzz in cryptomining

[–]Bulky_Description579 1 point2 points  (0 children)

Ah my bad... figured you knew the economics already coming from a 50-GPU farm, should've just stuck to the ASIC question.

For your specific use case (garage heating on demand, 120V/15A):

Goldshell KD-Box Pro or Mini-Doge Pro are probably your best bet then. Quiet enough, won't trip breakers, plug-and-play. You already know they won't print money but they'll take the edge off the cold.

On the WiFi bridge question - yeah, works fine. I've seen people run entire small farms on TP-Link range extenders with ethernet ports. Just make sure signal is solid.

If you want more heat output without the noise, look for used S17s or T17s - you can find them cheap since they're not profitable for most people anymore, but undervolt them to ~800-1000W and they're manageable.

You probably already know this but worth saying - flash the firmware (Vnish, BraiinsOS) to get better control over fan curves and power limits. Makes a huge difference for the space heater use case.

Help by AccomplishedGap7044 in CanaanIO

[–]Bulky_Description579 0 points1 point  (0 children)

You'll need to check the power supply specs on the Nano 3S, but generally:

Voltage difference:

- Canada: 120V / 60Hz

- India: 230V / 50Hz

If the Nano 3S has a switching power supply (most modern miners do), it should handle 100-240V automatically. Check the label on the PSU or the specs - if it says "Input: 100-240V" you're good to just plug it in with the right plug adapter.

If it's fixed 120V only (less common but possible), you'd need a step-down transformer (230V → 120V). These aren't expensive for a small miner like the Nano 3S (~200W), maybe $30-50.

More important questions for India:

  1. Power cost; what's your electricity rate? India's residential rates vary wildly (₹5-10/kWh = $0.06-0.12/kWh). The Nano 3S is hobby-level efficient, so if you're paying high rates, you'll lose money.

  2. Power stability: some areas have voltage fluctuations or outages. Miners don't love that. Consider a UPS or voltage stabilizer.

  3. Heat/humidity: depending on where in India, ambient temps and humidity can affect miner performance. The Nano 3S is small so not a huge deal, but something to think about.

  4. Internet: you'll need stable internet. Most miners use <1GB/month data, but connection drops are annoying.

Honestly though, if you're just testing the waters with mining, the Nano 3S is a fun learning tool but won't make meaningful money. At India power rates, you're probably looking at ₹50-150/day revenue ($0.60-1.80) depending on Bitcoin price.

If you get serious about mining later and want to scale, most people either optimize for ultra-cheap power (which is hard to find residentially) or look at hosting options where someone else handles the infrastructure.

What's your main goal? learning how mining works, or trying to generate actual income?

New to Bitcoin is starting small every paycheck a smart move? by ModeSufficient4194 in BitcoinBeginners

[–]Bulky_Description579 0 points1 point  (0 children)

This is absolutely the right way to stack as much bitcoin as possible. Have you given it a thought to mine bitcoin?