Since BTC isn't the only sha256 coin

[ANSEL_2.0]

Since Bitcoin isn't the only one on sha256 algorithm why are people still buying the likes of NerdQAxe miner to try and mine a Bitcoin block when they can direct that tiny hashrate on Bitcoin cash rather.

Isn't anyone thinking about this? Bitcoinncash has lower difficulty and the chances of solving a block is highly better here compared to Bitcoin solo mining.

I don't know why I feel it's greed having numbers of BitAxe to mine Bitcoin solo only when you can go on for 10 years without solving a block, BCH isn't high in value as Bitcoin but solo mining seems better with BCH.

What do you guru in the house think about this?

[BlackHatCoiner]

Bitcoin Cash difficulty is 1.18 trillion. With 4.8 TH/s, that gives you ~3% chance of hitting a block once a year. That's once every 34 years. So, it's still a miracle, only it pays you ~$1,700 instead of $215,000. Why not try the miracle that will actually pay you good?

There's also a case to be made that Bitcoin Cash will not be around in 34 years.

[dansus021]

You know that NerdQAxe miner Its primary value lies in its use as a "lottery miner" for solo mining or as an educational tool so its for fun unless you have free electricity most of the "home miner" isnt really profitable because the noise and power that they used.

There's also a case to be made that Bitcoin Cash will not be around in 34 years.

Ouchhhhh hahahhaha 

[BitMaxz]

There's no problem switching to mine solo with BCH if you think you have a chance. Yes, you do, but still, it depends on how lucky you are.

There are more coins under SHA-256 you might get more chances to mine a single coin by mining them, but the problem is most of them are shitcoins with no value or are very cheap. So it's still not worth it if you are going to mine other coins rather than try your luck mining BTC.

If you interested to other coins, check this site: https://miningpoolstats.stream/
Then just type SHA-256 under algorithm.

[philipma1957]

Bitcoin Cash difficulty is 1.18 trillion. With 4.8 TH/s, that gives you ~3% chance of hitting a block once a year. That's once every 34 years. So, it's still a miracle, only it pays you ~$1,700 instead of $215,000. Why not try the miracle that will actually pay you good?

There's also a case to be made that Bitcoin Cash will not be around in 34 years.

If you are looking at  block every 34 years a switch to a block every 140x34= just under every 5000 years.

And the  cash of 3,400 vs 200,000 is meaningful difference.

Myself I point 1th bitaxe at ckpool.

66th at bch but using pps+

And 2.5ph at btc using pps+

[FP91G]

Since Bitcoin isn't the only one on sha256 algorithm why are people still buying the likes of NerdQAxe miner to try and mine a Bitcoin block when they can direct that tiny hashrate on Bitcoin cash rather.

Isn't anyone thinking about this? Bitcoinncash has lower difficulty and the chances of solving a block is highly better here compared to Bitcoin solo mining.

I don't know why I feel it's greed having numbers of BitAxe to mine Bitcoin solo only when you can go on for 10 years without solving a block, BCH isn't high in value as Bitcoin but solo mining seems better with BCH.

What do you guru in the house think about this?

I've been thinking about your post. The average Bitcoincash reward is 3.15 BCH, or $1,790. This amount will pay for the hardware, but won't change anything. The Bitcoin reward would be over $200,000 now.
In both cases, it's very difficult to win, but a reward of $1,790 seems small, considering all the risks and difficulties.

[KiaKia]

If you can wait for many years before solving a block on BCH why not just solo mine BTC instead? The rewards are significantly different, I would rather waste time on trying to solve a BTC block than BCH, its common sense.

There is also a big risk at play here, BCH might die some day just like the other BTC forks in the past, its best to risk your time and effort on BTC rather than anything else.

If you can't take your eye off BCH then toward high numbers of solo miner to BTC and use 1 or 2 on BCH, this is still a safer play I believe.

[philipma1957]

If you can wait for many years before solving a block on BCH why not just solo mine BTC instead? The rewards are significantly different, I would rather waste time on trying to solve a BTC block than BCH, its common sense.

There is also a big risk at play here, BCH might die some day just like the other BTC forks in the past, its best to risk your time and effort on BTC rather than anything else.

If you can't take your eye off BCH then toward high numbers of solo miner to BTC and use 1 or 2 on BCH, this is still a safer play I believe.

If you are going to solo mine bch.  You would need to use a s21xp it should hit 2 blocks in a year.

So if it should hit 2 it could hit 4. Which would be a 3500 usd  profit. The odds are not terrible for that to happen. Of course  you could hit 0.

And have a loss

[ABCbits]

Since Bitcoin isn't the only one on sha256 algorithm why are people still buying the likes of NerdQAxe miner to try and mine a Bitcoin block when they can direct that tiny hashrate on Bitcoin cash rather.

The most common reason are Bitcoin is much more popular and many guides written for solo mining Bitcoin.

Isn't anyone thinking about this? Bitcoinncash has lower difficulty and the chances of solving a block is highly better here compared to Bitcoin solo mining.

In addition, WhatToMine currently says other SHA-256 could be more profitable. But people don't do that since the profitability could be dropped later or you may need to register on different exchange to sold the coin.


Source: WhatToMine with NerdMinerNerdQaxe++ hashrate/watt

[Somegory]

If you can wait for many years before solving a block on BCH why not just solo mine BTC instead? The rewards are significantly different, I would rather waste time on trying to solve a BTC block than BCH, its common sense.

There is also a big risk at play here, BCH might die some day just like the other BTC forks in the past, its best to risk your time and effort on BTC rather than anything else.

If you can't take your eye off BCH then toward high numbers of solo miner to BTC and use 1 or 2 on BCH, this is still a safer play I believe.

If you are going to solo mine bch.  You would need to use a s21xp it should hit 2 blocks in a year.

So if it should hit 2 it could hit 4. Which would be a 3500 usd  profit. The odds are not terrible for that to happen. Of course  you could hit 0.

And have a loss

I have been thinking about creating a topic about this but I don't want to, maybe my question can be answered in this thread maybe, I want to ask how much is s21 miner right now? Because a friend messaged me asking if $1500 is a good price for s21, I don't own one but the price seem off to me, too freaking cheap for something as massive as s21, I feel he is walking into a trap 🪤.

Someone should kindly please reply, I need more facts to help save him from falling into a scam.
Also with 250 Terahash and counting from s21xp miner, that's a lot hashrate already, is it not better to mine Bitcoin on solo rather than directing it to mine Bitcoin cash ? A Bitcoin solo solved with s21 is better than 4 BCH solved blocks I think.