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The Future Of Home Bitcoin Mining Is Bright

Published

3 months ago

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Perhaps the best way to decentralize the Bitcoin network is through home mining, and things are trending in the right direction.

Yesterday, Solo Satoshi announced the Bitaxe Touch, the latest device in the world of home bitcoin mining.

This new device will utilize the BM1370 ASIC chip from the Bitmain S21 Pro and will be able to reach a hashrate of up to 1.6 TH/s.

It will also feature a touch screen that displays Bitcoin network stats including the total network hashrate, overall network difficulty and the block height.

Part of what’s fueling innovation like the Bitaxe Touch is the work of Open Source Miners United, a Discord group started by Skot from Bitaxe with over 5,500 members where home mining enthusiasts share ideas and blueprints for new devices.

The group has been set up so that anyone who wants to contribute to the development of the Bitaxe project can do so, and it even offers grants to certain contributors.

The work of such contributors will likely be made easier when Block releases its own ASIC chip, which mining device developers will be able to use in their machines.

And for those of you who aren’t so technically-inclined but who still want to get into the home mining space (and who live in colder climates), you can always purchase a Heatbit, which is essentially a plug-and-play home mining device that also serves as a space heater and an air purifier.

Even with all of these new devices coming to market, I still believe we’re in the early innings of the home bitcoin mining movement and that this space will continue to blossom as more developers and everyday people enter into it.

Indeed, the future of home mining is looking bright.





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