Is Bitaxe Suitable for Pool Mining?
Are Bitaxe Bitcoin Mining Rigs Suitable for Pool Mining?
Yes, Bitaxe mining devices can be used for pool mining, but they are not as efficient as larger ASIC devices in terms of profitability.
Bitaxe is theoretically perfectly suitable for Bitcoin pool mining and is a practical option, especially for hobbyists or small-scale miners.
Unlike solo mining, with pool mining you can earn very low income on Bitaxe hardware and transfer it to your cold wallet.
With Bitaxe Bitcoin mining devices you can get a more stable income, but it is important for you to not expect big profits in Bitcoin mining due to Bitaxe's limited hash rate.
If you are looking at Bitcoin mining as a learning experience or a long-term hobby with your low electricity costs, pool mining with Bitaxe could be a good start for you.
You can choose the 4TH/s Bitaxe Ember One model, which will later take place in the Bitaxe project, to further enhance your Bitcoin mining experience with Bitaxe.
Bitaxe devices have the advantage of low power consumption and portability for cryptocurrency mining in a home environment.
However, their hashing power is low compared to large-scale mining devices.
Bitaxe devices are suitable for SoloBitcoin mining as they support the SHA-256 algorithm.
However, in terms of pool bitcoin mining, the chance of finding a block is very low, so it is not recommended for pool mining.
Bitaxe rigs are recommended for solo mining.
2. Can Bitaxe be used for pool mining?
Yes, Bitaxe devices can do pool mining. Since they have a small hash power , they must be connected to a mining pool.
- Recommended Pools:
- ckpool.org (supports solo bitcoin mining, recommended for solo mining but not recommended for pool bitcoin mining)
- slushpool.com - (recommended for bitcoin mining pool)
- braiins.com - (recommended for pool bitcoin mining)
- f2pool.com - (recommended for bitcoin mining pool)
- viabtc.com - (recommended for pool bitcoin mining)
- nicehash.com ( (recommended for pool bitcoin mining) - ( Pays earnings in satoshi instead of bitcoin)
- ckpool.org (supports solo bitcoin mining, recommended for solo mining but not recommended for pool bitcoin mining)
These pools use PPLNS or FPPS payment methods and allow miners with low hash power to receive regular payments.
The hardware in the Bitaxe project provides low income due to low hash rates in pool mining, and this may keep Bitcoin miner's hopes at a low income level.
3. Advantages and Disadvantages of Pool Mining with Bitaxe
Bitaxe Pool Mining Advantages
Low electrical power consumption : It is a great device and ideal for Bitcoin mining use in home and office environments.
The big Bitmain Antiminer does not cost you electricity with high power consumption like professional devices/ASICs.
Quiet operation : The fan noise is low, so it can be used in home and office environments.
Perfect for education and experience : This is an entry-level Bitcoin miner for those who want to learn Bitcoin mining at an introductory level.
Disadvantages of X Bitaxe Hardware in Pool Bitcoin Mining
X Low hash power : Bitaxe hardware has a very small share of the total hash rate of the Bitcoin search pool mining network. The large Bitmain Antiminer hardware has a very low profit rate compared to Bitcoin ASICs.
Bitaxe and Bitcoin profitability and profitability are low : The income obtained in Bitcoin pool mining by Bitaxe hardware is directly proportional to the electricity cost and earns at the cent level for BM1370 asic and BM1368 ASIC series processors. Electricity costs can be more than the profit, especially in places like Dubai where the electricity tariff is low, Bitmain and Antiminer professional Bitcoin mining devices are recommended.
Only suitable for solo Bitcoin mining : All Bitaxe hardware is suitable for finding blocks with solo Bitcoin mining. The probability of finding bitcoins in Bitcoin mining with Bitaxe hardware is strong in terms of probability.
4. Conclusion: Bitaxe Can Be Used For Pool Mining But Profitable Probability Is Low
Bitaxe Bitcoin cryptocurrency mining devices are suitable for generating US dollars for Bitcoin mining in a pool environment, but their profitability is low.Bitaxe mining hardware does not cause you losses in the long run because its electricity consumption is very low , but it does not provide you with fast and high-income earnings like professional Bitcoin mining ASICs such as the large Bitmain Antiminer devices.
If you want to learn how to mine Bitcoin and contribute to the decentralized network, Bitaxe is an excellent choice.
However, for profitable mining, large ASIC devices (the epic Antminer S19 from the Bitmain brand, Antiminer S21+, WhatsMiner M50, etc.) should be preferred.
5. How Much Earnings Will I Earn When Solving a Bitcoin Block with Solo Mining Using Bitaxe Hardware?
If you solve a Bitcoin block with Bitaxe hardware, you will transfer exactly 3.25 Bitcoin blocks to your cold wallet and become rich.