Mining Disclaimer & Expectations
Please read this carefully before purchasing or using a NerdPulse Miner.
Transparency is Key!
At NerdPulse Miner, we are incredibly enthusiastic about Bitcoin, decentralization, and the educational potential of devices like NerdMiners. However, we are also committed to complete transparency regarding the realities of solo Bitcoin mining with low-power hardware.
1. NerdMiners are Primarily for Education and Hobbyist Fun
NerdPulse Miners (and similar devices) are designed to be:
- Educational tools to help you understand Proof-of-Work and the Bitcoin mining process.
- Fun, engaging hobbyist gadgets for tech enthusiasts.
- A way to participate in and support the Bitcoin network in a small, symbolic way.
- Cool conversation starters and unique desk ornaments.
2. Earning Significant Bitcoin is Extremely Unlikely
Bitcoin mining is a highly competitive process. The total hashing power of the Bitcoin network is immense (measured in ExaHashes per second – EH/s, which is quintillions of hashes). A NerdMiner typically has a hashrate in the Kilohashes per second range (KH/s – thousands of hashes).
Therefore, the probability of a single low-power NerdMiner successfully mining a Bitcoin block (and receiving the block reward) is statistically very, very small. It is comparable to winning a major lottery. While not impossible, it should absolutely not be expected.
3. Not a Financial Investment
NerdPulse Miners should NOT be considered a financial investment or a way to generate income. Do not purchase a NerdMiner with the expectation of making a profit or achieving a return on your investment through mining rewards.
The value derived from a NerdMiner is primarily in the knowledge gained, the fun of participation, and the novelty of the device itself.
4. No Guarantees of Mining Success
NerdPulse Miner makes no guarantees, warranties, or representations, express or implied, regarding your ability to mine Bitcoin or any other cryptocurrency, or to achieve any specific financial outcome with our products.
Factors influencing mining success are numerous and largely outside of anyone's control, including (but not limited to) overall network hashrate, mining difficulty adjustments, luck, and the price of Bitcoin.
5. Assumption of Risk
By purchasing and using a NerdPulse Miner, you acknowledge and agree that you understand the risks and probabilities associated with solo Bitcoin mining with low-power hardware. You assume all responsibility for your use of the device and any outcomes thereof.
6. Enjoy the Journey!
We encourage you to embrace the NerdMiner for what it is: a fascinating piece of technology that offers a unique window into the world of Bitcoin. Enjoy the learning process, the community, and the simple satisfaction of running your own tiny piece of the Bitcoin network.
If you have any questions regarding this disclaimer, please contact us before making a purchase.