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    Bitcoin Home Mining Update (See My ROI)



    Bitcoin Home Mining Update (See My ROI)

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    https://www.bitcoinuniversity.com/join

    In this video, I discuss the latest results from my home Bitcoin mining project, in which I build my own blocks and hash them with rented hashrate from Braiins.

    Not investment advice! Consult a financial advisor.

    Here’s how to mine Bitcoin from home:
    https://www.bitcoinuniversity.com/mining

    My previous mining results update:

    Track my Bitcoin mining earnings here:
    https://ocean.xyz/stats/bc1q5yww52rm4ccazxdamryrgg5x32s0l46k8ph68l

    Bitcoin hodlers will mine to secure the network:
    https://x.com/oomahq/status/2023476291136037182

    I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

    #Bitcoin
    #BitcoinMining
    #Ocean

    Disclaimer
    Neither Matthew Kratter’s Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.

    26 Comments

    3. @tangobodo977 on

      Miners getting onchain payments from OCEAN will learn something cool in practice: Newly mined bitcoins must wait 100 blocks before being spendable. I was trying to reuse my rented hash rewards, but had to wait around 17 hours before I could spend it at Braiins.

    5. @427vot on

      In floor, radiant, heat powered by bitcoin miners could make everybody a hash rate landlord. Just thinking out loud about the future.

    8. @isthisandy on

      We (Ocean) had that long stretch of no blocks because I started hashing Saturday evening. Just my luck 🙂 I created a 2nd bid, so I've got two bids running at 1PH each. We'll see how the next few days go…

    12. @sellis77 on

      Thanks Matt! I have been listening to you for several years now and always appreciate your content and cannot say thank you enough for the value and motivation you provide use as your community, to run our own nodes, support BIP-110, run Start9 and now spin up Datum Gateway and start to rent hash rate. You are truly amazing and please stay motivated to continue your content, as there is no one out there who is providing this information! Thanks again!!

    14. @KHYYUL on

      I’m new, what is the benefit of renting hash versus just buying BTC straight up? Is it just the fact you decide what ends up in Bitcoin blocks?

    16. @AllCapNoBrake on

      As a side note, we'll see more than 21,000,000 BTC between cold storage addresses and what's available on exchanges during our life time (I've been hoping since the 2023 "supply shock" nonsense that it happens sooner rather than later). It will be ugly, I hope it recovers, which is why I would rather it happen sooner rather than later…but we're going to 21M+ and the sell off leading up to 21M will be wild.

    17. @GhettoFabulousLorch on

      It makes sense to spend sats because that circulates the bitcoin money supply. Running the node makes all of your other bitcoin secure. It's a worthy sacrifice that comes with the possibility of yielding more than you put in.

      It reminds me of how fiat runs on debt. In theory, the more debt in the system, the more people are tethered to each other and expect to be paid back.

      But with fiat you can print more money while with bitcoin you have to spend bitcoin to strengthen the network, thus circulating the fixed supply.

      And if one looks at mining in fiat terms it begins to resemble a negative interest rate bond. You buy it with an inferior currency in the expectation that the debt instrument's denominated currency will appreciate at a higher rate than its negative interest rate. That is, if you spend your hard earned dollars to buy bitcoin to rent hashpower, the long term prospects are that all the net bitcoin you hopefully earn as you feed the beast will explode in dollar value.

      If I understand this anyways.

    19. @PianoPsych on

      Thank you, Matt. I'm very much looking forward to your tutorial about getting OCEAN payments through Bitcoin Lightning, otherwise we'll have to factor into the earnings calculation the Bitcoin that is left on OCEAN that sits below the threshold for payment whenever we take a break from mining.

    20. @DxV04 on

      Just so people aren't confused. What Matt says in 3:27 is not the reward he will get in Ocean finds a block. That number is the field to the right called Estimated Earnings Next Block. The Estimated Shares Window is the share of rewards total based on his total hash rate.

      My aim is to use this service to maintain a high Estimated Earnings Next Block, which is the most volatile part. If the pool as a whole increases in hash rate, my 10 miners lose Estimated Earnings Next block. Add to that curtailment losses, and my Estimated Earnings Next Block nosedive. Since I started compensating for my loss, my average Estimated Earnings Next block has increased from a low of 16711 sats to a high of 76306 sats, with an average of 43595 sats.

      Overall, I am down 58603 sats, which I hope over the long term to recover via maintaining a higher-than-normal Estimated Earnings Next Block rate.

    26. @Fudmottin on

      We're seeing in real time the Poisson distribution effect. Random events seem lumpy when they are rare. Ocean appeared to have 2% of the network when they were on a lucky run based only on chain data. As for hashrate in general, the templates don't affect the outcome. Every hash operation by every hasher around the world is an independent roll of the dice with an equal chance of hitting the block target. I'm using Lightning for payouts. That has its own drawbacks. Not just the network fees, but also failed payment attempts. I was not expecting that bit.

      I think the best strategy to use with Ocean is to provide consistent hash power on a day to day basis. That should keep your share count up during the sliding window used by TIDES, if I understand it correctly. Hopping in and out just increases the variability/volatility of payouts.

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