In regards to the general sentiment that Bitaxes are doing jack shit to secure the network, this misses the point. The nominal hashrate is low, the cost per terahash is high, overall these are obviously prohibitive to scaling and competition so pointing these things out without further thought is shallow IMO. The important breakthrough Bitaxe brought was that it was the first open-source Bitcoin mining hardware. The Bitaxe was the first step in severing reliance on Bitmain hardware. In the coming weeks you will see a Bitaxe released using the Intel BZM2 chip, after that the Auradine chip, and eventually the Block chip. In addition to these Bitaxes, by May we will be releasing a validated ~100 Watt hashboard called Ember One. Again, the first one has the Bitmain chips because we had to start with something but soon there after will be Intel, Auradine, & Block designs. So we started with a single chip in the Bitaxe, the Ember One has 12 chips, the next miners will have more and this will continue until there is an open-source alternative to Bitmain miners that actually does compete in cost per terahash and nominal hashrate and there will be multiple chip versions to choose from. That is why the Bitaxe was important.
- @econoalchemist
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I'm glad to hear they intend to scale to be comparable to higher hash centralizing solutions.
Main reason I've been avoided them because I was concerned it was some weird grift but as I read more about them the project seems more valid.
I have three Bitaxes on my desk.
Not because I ever expect to win a block.
I own them to support the folks developing and building out the open source alternatives to the incumbents
Its insignificant today.
But it may not be tomorrow.
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This is a great take. I also like Bitaxe for these reasons:
I don't totally disagree, but I think they are a cool learning device given that basically no one can be a competitive Bitcoin miner without access to cheap electricity, top of the line ASICs and the ability to maintain them for at least 4 years.
They are approximately the price of a hardware wallet, are easy to setup and gives individuals some better hands on knowledge about what it actually means to be a sovereign Bitcoin miner.
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I have not the space, nor the grid to install a big miner. But bitaxe gave me the opportunity to give a bit of hash. Let’s bring descentralization to professionals but also to individuals.
I keep intending to print this statement…I need daily reminding of it!
This is a good frame!
Even those who hodl…and yes those that trade #BTC are contributing in their own ways.
It may not be THE way “I” choose to participate, but if we didn’t have both sides of the equation, well then we wouldn’t have a market either.
Out of curiosity what does it cost electricity wise to rune a bitaxe?
Onwards!
Good to know! Can’t wait!
Godspeed!

missing the point in a special way…
/hat
🧡👊🏻🍻
Open source everything 🫡🫡🫡
I think of Bitaxes kind of like a gateway drug. I got a few just to play around with, but it immediately got me thinking about ways I can contribute to mining decentralization and looking forward to future models.
They’re great little pieces of hardware.
Small steps toward freedom
BitAxe is a great tool to learn on/from.
The knowledge and experience being built here is invaluable!
Cypherpunks write code, cypherpunks build stuff!
Forza!
I want a bitaxe, just on principle.
Good to know thanks for sharing. Open-source FTW. 🙌
Get one…or two.
And if it becomes normalized for these things to be running in everyone’s homes 🏡…. It will make a huge difference
It rather plebs win blocks than the giant mega companies
This is a movement also 💟
open source everything 🔥
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It's a great first step to learn
Basically the only reason to get one :)
Do it!
That is why I got one. I'll never win a block. But running a miner, a node, and a cold wallet are the three pillars of Bitcoin.
SAME
Never know! Ha e had a few hit so far.
4th pillar. Nostr only shitposting and zapping
It indeed does feel good to run one on principle
Do it!