⌛Two weeks ago, I bought this $25 Bitcoin miner to see if you can make money with this 🎲
I've seen a lot of videos about this device and decided to test if it really works and you can earn some money. What this device does is solve blocks. But it is clear that it does not do it the same as a mining rig. This device consumes around $2-3 in electricity per year.
This miner connects to a pool where there are many devices like this, and starts solving blocks. And it works like a lottery, if it solves a whole block, it wins 6.25 BTC (~$260,000). Every 10 minutes, there is a probability of winning. But the odds are very small.
You can also program in pools, where they will pay you for x mined coins. For now, I'm going to leave it for 1 year to see the result. If it doesn't work, I'll try other pools.
In the time it has been running, which is 7 days, it has solved more than 9,769 blocks, we will see the result in 1 month.
What do you think of this experiment?