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ArjinFerman  Tinfoil Gigachad  1mo ago (text post)   670 thread views

Tinker Tuesday for October 15, 2024

This thread is for anyone working on personal projects to share their progress, and hold themselves somewhat accountable to a group of peers.

Post your project, your progress from last week, and what you hope to accomplish this week.

If you want to be pinged with a reminder asking about your project, let me know, and I'll harass you each week until you cancel the service.

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I will soon be founding a Bitcoin mining startup. I have never mined crypto before, but there are a confluence of factors (cheap power, extremely cold weather, low taxes) that make me believe the region I have selected is ideal, and make me willing to spend the time and effort on beginning this company.

As part of the process, I will be finding an industrial site, learning to program programmable logic controllers (PLCs), and designing as well as building a heat exchanger. This will involve some skills I have never done before (brazing, the aforementioned PLC control, setup of BTC miners) and some I have (I’m comfortable with industrial machinery, though far from experienced).

Is this something that the people of the Motte would be interested in updates on?

I will soon be founding a Bitcoin mining startup

It seems pretty late to get into this now.

Updates are always interesting.

Speaking of mining and updates, I wonder what happened to that guy who had a physical mine? I think it was gold deposits IIRC.

I would be interested in updates, but I also think we should have a forum policy to instaban anyone shilling crypto on here.

Not anti crypto as a concept, just don't want to see this place turn into a zoo for scammers.

Glad to hear your interest, I enjoy your posts (though I myself am mostly a lurker).

Don’t worry about shilling from me, at least. The reason I posted here (as opposed to the main thread) was because I’d like to share the process. I anticipate it being an interesting journey.

In short, I am planning on beginning with a 100 kW facility in Irkutsk, Russia. Irkutsk is one of the largest cities in Siberia, and offers significant hydroelectric power availability due to its proximity to Lake Baikal, the world’s largest freshwater lake by volume.

Yeah I wasn't flagging this post or you in particular. Just registering concern that the genre can be very dangerous. I've seen several forums/channels/etc end up inundated with a firehose of bullshit that way.

I'm also of the opinion that the primary thing keeping this forum interesting is that it is totally impossible to monetize at the moment. Former posters from this very forum have gone on to monetize work that is very similar to what they used to post here, and you can see how they've gotten (in my humble opinion) significantly less interesting as they've run into the rutted wagon wheels of how you make money at shitposting.

Shitcoin shilling is one way the forum could become monetizable for someone, and then you get an avalanche of shit flowing down from there. Keep this place useless.

I’ve seen that happen and it’s always a shame. Whether I liked or disliked the poster (or both, on different occasions—looking at you, Kulak) the incentives of making money on one’s writing push them to agree with the greater egregore.

This place is very useful! Iron sharpens iron. One of my hopes in posting is that someone with more experience might make suggestions that turn out to be helpful (and the other is simply to give back, in the sense of producing rather than merely being a consumer of the rest of the forum’s efforts). But yes, monetization is often a kiss of death for the spark of originality that makes something interesting.

I'm not opposed to this, but I trust the mods enough that I'm not that worried about them being too tolerant of crypto scams. Not exactly the sort of content we encourage here.

You may be interested in trading on my exchange, www.Bitnomial.com

We offer hashrate futures which can be used to hedge against price fluctuations and power shortages. It's mostly useful for larger, crypto native businesses, but if you wanted to reach out to our FCM (the part of the business that handles customers) they may be able to give you more insight into costs and on-boarding.

At a minimum, you might want to look into this site: https://hashrateindex.com/?ref=changelog

I’m familiar with Hashrate Index, but thank you for sharing!

As for your exchange… Again, thank you for sharing. The area I’ll be in is a large industrial one; I hope to not be dealing with consistent power outages, but we shall see. I’ll consider it if I see a larger future need to hedge against changes in hash price.

Edit: I’m out of the US, and think using this could be difficult.

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