TikTok star mining cryptocurrencies from Starbucks

Idan Abada with his latest video has also become a crypto-influencer. In fact, he recovered while, sitting at Starbucks, he was mining cryptocurrencies with the only help of his laptop and a $ 875 mini rig. Its hardware consists of a USB multiport, a small fan, and ten sticks that each contain two ASIC chips for mining. The chips come from a Chinese server dismembered and reconstituted into its basic parts by a Missouri company, which then resells its product, called NewPac, through Abada’s ecommerce Bitcoin Merch. “It’s our bestseller” explains the founder, who made him famous in his video, mining bitcoin without paying for electricity, all at the expense of the coffee giant that offers its customers the opportunity to browse and recharge their devices at the interior of the premises. Here is the main crux of the mini rig: “It’s not really convenient unless you have access to a free source of energy,” admitted Abada himself. Doing a little bit of math, about $ 6 each month is lost between monthly revenue, global hashrate and the cost of electricity. That didn’t stop his video from going viral, with over 2.5 million views in just a few hours. And Abada is happy about it: his purpose in life, he says, is to spread the crypto culture as much as possible, and this device can turn out to be a great hobby for those who want to approach the world of mining, “a way to learn how it works before launching on larger rigs. “Usually non-professional miners buy their devices and pool them in a” mining farm “by paying a monthly fee and letting others take care of the operation, given the electricity costs and noise servers that need dedicated sites to work. But the small Bitcoin Merch rig could also have interesting implications beyond the mere educational aspect. “It’s very quiet” explains Abada “so you can have them work in the same room we are in”. Convenient, therefore, for those who do not have to pay the bill: college kids, those who have access to public spaces or libraries, buildings with shared electricity, or even those who manage to infiltrate one in the workplace. Even so, however, the revenues are minimal, whether you play alone or join a pool of other miners. A little more headroom if you try to modify your mini rig to make it more powerful and efficient than the basic version. What is most tempting, however, is the hope of being the lucky ones who validate a block of transactions. A very rare probability, which Abada compares to that of playing the lottery every 10 minutes, but which has 6.5 Bitcoins as a prize, at the current value about 250 thousand dollars.

1 thought on “TikTok star mining cryptocurrencies from Starbucks”

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