The inventors argue that micro bitcoin mining devices lack performance, but should be viewed as countering what is considered the Bitcoin ecosystem’s biggest flaw.
Micro Bitcoin mining devices (often open source and pocket-sized) serve a niche segment of the market, with fully assembled devices and do-it-yourself devices for mining Bitcoin (BTC) independently. We provide the kit to the purchaser.
Speaking to Cointelegraph, the developers of these kits are trying to combat the “secrecy and exclusivity” of the bitcoin mining industry while acknowledging that buyers are unlikely to make much of a profit. claims to be important.
Recently, a company called BitMaker claimed It can be manufactured for as little as $3 and can output 50 kilohashes per second.
A spokesperson for BitMaker, which has been working on microminers since June 2022, claimed that all well-known Bitcoin ASIC mining rigs are closed source and completely different from Bitcoin’s source code.
This limited the production and supply of bitcoin miners to commercialized companies.
“Bitcoin mining machines are probably the most important pieces of hardware in the Bitcoin ecosystem, and they are all made in total secrecy.”
data show 35.4% of Bitcoin hashrate comes from the United States, followed by Kazakhstan (18.1%), Russia (11.2%) and Canada (9.6%). US-based Marathon Digital, Riot Blockchain and Singapore’s Bitdia Technologies Group are among the world’s largest mining companies.
Skot, the creator of the Bitaxe miner, shared a similar sentiment, explaining to Cointelegraph that open sourcing the design would provide much-needed transparency in the industry.
“The mining industry has traditionally been treated secretly and proprietaryly. The emergence of these open source projects will shed light on this opaque area, making it more transparent and accessible to the general public.” It helps us,” Scott explained.
There is a growing trend towards open source ASIC mining. ( look #nerdminer , @DCentralTech , @skot9000 ,…) became affordable again and more decentralized. #bitcoin Every aspect is full of innovation.
you just need to know where to look.— Dimitri-H (@Dimi_h) September 1, 2023
A Bitaxe spokesperson said the engineers behind these projects have open-sourced documents detailing how to manufacture hashboards and other mining equipment without relying on large-scale manufacturers.
“This will allow anyone interested to build their own miner or miners, contributing to some extent to the decentralization of the system.”
However, Scott acknowledged that buyers shouldn’t expect to win a lot of bitcoin right away. He also argued that while Bitaxe engineers are working to improve miner efficiency, the goal of portable miners is not profit.
“It’s not necessarily about profit, it’s about learning, understanding and possibly being part of the community.”
Related: How Bitcoin Mining Becomes a Model for Modern Industrial Loads
Scott also said portable miners weren’t built to compete with commercial players in the space, but rather allow you to run your rig at home without paying for a clunky, overheating, and expensive mining rig. He emphasized that it offers opportunities.
ESP-Miner and ESP32 SoC based #Bitax & #nerdminer is a pivotal development in Bitcoin mining.
These free and open source projects developed by Bitcoin Plebs @skot9000 @BitMaker_ @Public_Pool_BTC We are laying the foundation for the next generation, such as #bitcoin mining hardware
⛏️ pic.twitter.com/FDBTi0PsG1— Altair Technology® ⛏️ (@altair_tech) August 30, 2023
Other small form factor Bitcoin miners in the market include Bitmain AntRouter and Mars Lander. Meanwhile, innovators are also experimenting with ways to mine bitcoin via mobile phones.
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