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You can buy an older generation ASIC on the secondary market for pretty cheap (usually), and probably mine ~$10 worth of bitcoin/day (by joining a pool). I agre

You can buy an older generation ASIC on the secondary market for pretty cheap (usually), and probably mine ~$10 worth of bitcoin/day (by joining a pool). I agree it's not much, but it is permissionless. If you want to buy large amounts, you would use the P2P markets for fiat to bitcoin trades https://bisq.network/ https://bisq.network/

sn_master 6y ago
10$ a day isn't practical at all for investment or online purchases. It's only good if you have a big rig of those to get at least 1,000$/month, but at what electricity and noise cost? I don't think I can run that in a single bedroom apartment with neighbors around. Bisq sounds interesting, but I have my doubts about them, since there is no escrow system and I don't think there is enough liquidity either. I'll check it out anyway.
- louloulou 6y ago
  Yeah, I would say mining may not be practical primarily due to the noise. You would need a garage or similar to put the miners in.
hellbannedguy 6y ago
I will never forget the guy (on here) who said, ‘I’m buying a few bitcoin, so if in the future my children ask me, why didn’t you buy when it was cheap dad?’ I was a click away from buying a rig rig a few years ago. I wanted to build the rig because that seemed like the fun part. I even had excess electricity from solar panels, but chickened out. I thought bitcoin made sense, but listened to the masses? I was always one of those guys whom never took chances with money. I just might buy a cheap rig tomorrow? I’m so lazy, and broke, I’ll wake up, and put it off?
- jl2718 6y ago
  Everybody wishes they had gotten more serious earlier. I ran testnet. Nice toy, but the fan noise was bothering me. Fast forward to way too darn late. I knew a guy that did get serious, barely. I don’t know how many he had, but he traded 26,000 of the coins from his CPU for some of the first ASIC rigs. Tiny steps in the direction of something you believe in add up. It can be anything.
- johanneskanybal 6y ago
  More like a personality away than a click. People say the same thing every year then don't act on it, won't do it now either.
- vl 6y ago
  In the history of Bitcoin apart from the very early days it was always better just get the money you wanted to spend on rig/energy and just buy and hold BTC, unless you wanted to do mining very hands-on.

sn_master 6y ago

10$ a day isn't practical at all for investment or online purchases. It's only good if you have a big rig of those to get at least 1,000$/month, but at what electricity and noise cost? I don't think I can run that in a single bedroom apartment with neighbors around. Bisq sounds interesting, but I have my doubts about them, since there is no escrow system and I don't think there is enough liquidity either. I'll check it out anyway.

louloulou 6y ago
Yeah, I would say mining may not be practical primarily due to the noise. You would need a garage or similar to put the miners in.

hellbannedguy 6y ago

I will never forget the guy (on here) who said, ‘I’m buying a few bitcoin, so if in the future my children ask me, why didn’t you buy when it was cheap dad?’ I was a click away from buying a rig rig a few years ago. I wanted to build the rig because that seemed like the fun part. I even had excess electricity from solar panels, but chickened out. I thought bitcoin made sense, but listened to the masses? I was always one of those guys whom never took chances with money. I just might buy a cheap rig tomorrow? I’m so lazy, and broke, I’ll wake up, and put it off?

jl2718 6y ago
Everybody wishes they had gotten more serious earlier. I ran testnet. Nice toy, but the fan noise was bothering me. Fast forward to way too darn late. I knew a guy that did get serious, barely. I don’t know how many he had, but he traded 26,000 of the coins from his CPU for some of the first ASIC rigs. Tiny steps in the direction of something you believe in add up. It can be anything.
johanneskanybal 6y ago
More like a personality away than a click. People say the same thing every year then don't act on it, won't do it now either.
vl 6y ago
In the history of Bitcoin apart from the very early days it was always better just get the money you wanted to spend on rig/energy and just buy and hold BTC, unless you wanted to do mining very hands-on.