Picking a couple of random quotes from random people in another thread.
....to me hobby miners are not professional miners contracted into mining as a full time task. they just play around when the time is right. they are more likely to jump to crapcoins that are sha-PoW when times are bad for btc profit. and market buy btc when its cheaper to buy coin rather then pay electric at a loss
hobby miners dont do business plans of a 2 year budget, prepaid.. hobby miners are more short term dipping in and out when the time is right...
They can be hobby miners if they have already been in this Bitcoin mining industry long enough, get enough profit and have enough deep budget. I mean they are rich enough to mine bitcoins as their hobbies without any worry on what's happening now and next couple of months because they can spend bills from their deep pockets.
They don't mind facts are going on at the moment and near future, consider mining as hobby but eventually they get profit because after several months, market rally helps them to automatic harvest profit. Several months is only example, their waiting time for profit harvest can be different depends on different phases of market.
I have a different view in that hobby miners don't really care about the cost of mining (or do not care that much) or what the value of
BTC is.
It's not a 'side hustle' it's not a 2nd job.
I am never going to make any money riding motorcycles it's a hobby.
I see hobby miners as the same, they like the mining tech, they like playing around, and as long as they don't loose the house payment buying and tinkering with miners it's not a big deal.
What I would call 'home miners' are people looking to make a profit, be it mining out of their basement / garage / whatever.
Just wondering how other people view things like this. It's more semantics, but when someone says 'hobby' miner to me I see something different then 'home' miner. And if we are having a discussion we can wind up thinking the other person is thinking something else.
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-Dave