Because the whole philosophy of the #BitAxe is to put a portion of the network's hash rate in the hands of individuals, not just multi-million dollar entirites.
BitAxes mean to empower individuals to enter the mining scene, thus helping decentralize the hash rate.
I can't quote any numbers, but there seems to be a decently sized community of people running BitAxes. That's great, but if all that hash rate could be organized "brought together", I think it can have an even more meaningful impact. One that isn't strictly done in the spirit of promoting and upholding mining decentralization (which, IMO, is a worthy pursuit in and of itself), but one that may have a chance of "collectively" competing against industrial size mining operations.
desolate_mountain
npub1hm…0q709
2025-01-04 19:47:56 UTC
in reply to nevent1q…uaqu
Author Public Key
npub1hm50y8n34vk2m6wnhuawntdcawturxepsh0lxj9tr4ktm3ns6x0qm0q709Seen on
wss://nos.lolPublished at
2025-01-04 19:47:56 UTCEvent JSON
{
"id": "122fddce077ef51c8e02e01a03d62befcd565d821c1473352f75e29f1172031f",
"pubkey": "bee8f21e71ab2cade9d3bf3ae9adb8eb97c19b2185dff348ab1d6cbdc670d19e",
"created_at": 1736020076,
"kind": 1,
"tags": [
[
"p",
"bee8f21e71ab2cade9d3bf3ae9adb8eb97c19b2185dff348ab1d6cbdc670d19e",
""
],
[
"p",
"55f152c0cb25b3b1ec18516cc7737542d61539d5df000f15ea102e3baf698cca",
""
],
[
"p",
"524314bfcee6e82f86973ca054d2452a0cfd8a437e9feb9bb39403a5d1e30e55",
"",
""
],
[
"p",
"bee8f21e71ab2cade9d3bf3ae9adb8eb97c19b2185dff348ab1d6cbdc670d19e",
"",
""
],
[
"e",
"4462f54b682d2e6d4cdb4447698aa15b7de0174090fad4796448c9986c782b8e",
"wss://nostr.oxtr.dev",
"reply",
"524314bfcee6e82f86973ca054d2452a0cfd8a437e9feb9bb39403a5d1e30e55"
],
[
"e",
"c6e74b6be8165d1cbaff7d02514880350a263d51b6bd9f45c02fc0123884fcbc",
"",
"root",
"bee8f21e71ab2cade9d3bf3ae9adb8eb97c19b2185dff348ab1d6cbdc670d19e"
],
[
"t",
"BitAxe"
]
],
"content": "Because the whole philosophy of the #BitAxe is to put a portion of the network's hash rate in the hands of individuals, not just multi-million dollar entirites. \n\nBitAxes mean to empower individuals to enter the mining scene, thus helping decentralize the hash rate.\n\nI can't quote any numbers, but there seems to be a decently sized community of people running BitAxes. That's great, but if all that hash rate could be organized \"brought together\", I think it can have an even more meaningful impact. One that isn't strictly done in the spirit of promoting and upholding mining decentralization (which, IMO, is a worthy pursuit in and of itself), but one that may have a chance of \"collectively\" competing against industrial size mining operations.",
"sig": "a8cc92c4d623b316e4dd9fbcfdf6b87219bb8c7777dafb9bad7c9da77ca4a68865ebe85a6e50b128ad3057338f8c2285f4cb0ba2bc9fedc3fed0a7214eee89c2"
}