Want to Mine Bitcoin at Home? DIY Bitcoiners Have Stories to Share

CoinDesk explored the possibilities for home miners available today. We found little in the way of encouraging news for anyone looking for more than a hobby. It’s clear after speaking to some home miners that it’s hard to make money in this market – and is likely to remain a niche even in another bull run.Garrett Casada, who runs a home building company in Texas, is also a proud owner of Suck It Up Mining – a two-men operation with a garage full of mining equipment.

“I haven’t sold none of my coins for the past year because the price is so low. If I was to sell it right now I would barely cover the electricity,” he admits. “Bitcoin is great, but you got to hold it.” Glickman admits he’s not the handiest person he knows. “It was quite a bit of learning and research,” he said. “I’m not the Mister Fix-It around the house.”

“I probably spent more time doing research and safety preparations. My wife was very skeptical,” he added. The system has been running for two months now and, according to Glickman’s calculation, the amount of bitcoin and useful heat are just enough to cover the cost of electricity.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rare 2010 Bitcoin Block Reward Stirs After 13 Years of Dormancy – Bitcoin NewsSo far this year, a total of nine such block rewards from the 2010 era have been spent, resulting in the transfer of 450 bitcoin.
Source: BTCTN - 🏆 531. / 51 Read more »

Tim Draper Predicts Bitcoin Will Outpace Fiat Currencies, Asserts Its Superiority Over Traditional Banking – Bitcoin News'[Bitcoin is] just better, safer technology, and I think eventually the rest of world will come on board,' Tim Draper told the show host.
Source: BTCTN - 🏆 531. / 51 Read more »

Riot Platforms at the Heart of Texas' Debate Over Bitcoin Mining’s Effect on the GridTexas' 'demand response' grid programs are criticized by some local residents and legislators, who say the state is subsidizing an industry harmful to the environment and local communities. egreechee reports MiningWeek, presented by FoundryServices
Source: CoinDesk - 🏆 291. / 63 Read more »