Bitcoin mining isn’t just for the professionals anymore. Los Angles based Idan Abada is making sure of that. Abada took to TikTok to share a video of himself using a small bitcoin mining rig, retailing at $875. Often, these rigs are massive and very loud. Abada’s rig is different–it is powered by USB and can function with a household desktop or laptop. Abada took this mining rig to Starbucks and tapped into their free WIFI to run the machine.
Although this mining rig looks cool, Abada says it is difficult to make a profit without free WIFI and electricity, which can be challenging for most.
Abada owns BitcoinMerch.com, a website that sells bitcoin mining equipment. He says that his sales have spiked 355% higher than in 2020, which shows excellent growth potential in bitcoin mining over the next few years. Although Abada’s mining rig has a low hashrate, the ability to mine bitcoin on small scales opens the door for many young bitcoin users to learn about bitcoin mining and the world of possibilities it offers.
This form of bitcoin mining might be more expensive in the long run, but for young people like college students that have the benefit of dorm provided electricity and WIFI, it could be the perfect fit for getting started.