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43 sats \ 0 replies \ @evanbaer 17 Mar \ on: Bhutan Mining Bitcoin with hydroelectric power š§ bitcoin_Mining
Well done, Bhutan.
10 sats \ 1 reply \ @evanbaer 14 Mar \ parent \ on: What is your experience with Rigly? bitcoin_Mining
Here for you @marco
I hear you. The auctions for hashrate now / in the near future get a modest discount -- or the kyc-free sat premium
This sort of issue is why I founded Rigly - it should be possible to buy hashrate direct from the mining farms and mine at a (potential) profit
Rigly founder here.
You can buy hashrate from mining farms on our marketplace.
We've served over 1,000 orders successfully.
Incentives:
- Farms get 50% payment upfront
- Buyers buy hashrate at a discount (since upfront payment) and can earn a profit
- Your payment balance held in non-custodial escrow
Good article - I especially like this analogy:
Having a closer look at how the FPPS payout scheme is built, we can easily see that it is like the modern pension systems of many governments, unsustainable by design.
Much like a pension system, the risk of FPPS is felt in the future, after a period of time when all seems ok. That said, FPPS is a hell of a drug, and so far miners seem fully hooked.
Hashing vs Mining is a valid distinction, and calling miners who delegate block template construction to the pool (every miner today) "hashers" is a more technically correct label.
That said, language is sticky, and Miners are miners. We'll see how it plays out as more miners take on block template construction with Ocean's Datum and SV2 with Demand pool, etc.
hashed a block at 33 trillion difficulty earlier today, not bad
granted, every hash is a unique dice roll
the big size hashrate auctions displaced too many early miners
those auctions were removed, and the auction size is 21 TH/s now
this encourages new bidders to join with a low bar to enter
Signup, place a bid, tell a few friends
The more people that mine together, the more likely we find a block
Thank you for sharing your story.
BitEscrow is a great product. Keep it warm for when the landscape changes.
re: bitcoin can be insular, I agree 100%
To that point, who will be the first 1,000 users of Nummus?