Introducing Lightning Payouts - Braiins Pool - In Production (out of Beta) \ stacker news ~bitcoin

Looks like Braiins Pool lightning withdraw have left Beta and is available to all.

Appears to be lightning address only, no lightning invoices.

One less excuse ("I will never reach the payout") for individuals to run their on mining hardware.

Finally! This we’ll help be helpful for folks just trying out rigly.io mining or something else small scale where it would take forever to meet the minimum withdrawal.

155 sats \ 0 replies \ @0xbitcoiner 18 Apr

20 sats \ 1 reply \ @nikotsla 19 Apr

LN node? Maybe this? 03e819873df93c067052cb4e4b65463b59cdebff047084df6e1b3a7cb04958ed85

11 sats \ 0 replies \ @Wumbo OP 19 Apr

Good find. It looks like it could be their node.

10 sats \ 2 replies \ @fiatbad 19 Apr

This is really good news.

I mine with Braiins because they are BITCOIN ONLY. I boycott any company who allows altcoins on their platforms. I really want to move to Ocean, but I also really like Braiins. I hate having to choose.

On a different note, I'm VERY curious how Braiins is managing their channel liquidity. I assume 99% of their transactions will be leaving their platform, due to the nature of their business. Everyone withdraws their mining rewards. Are they constantly having to loop-in to add liquidity? Do they just open one massive channel to a node such as OpenNode and just let it slowly drain and open a new one when it does?

I'm super curious about the economics of this. How are they implementing it without losing money?

10 sats \ 1 reply \ @Wumbo OP 19 Apr

How are they implementing it without losing money?

Are on chain transactions fees coming out of the rewards now?

If so they might just keep doing this to cover liquidity cost.

They also could start opening channel in the blocks they mine. To save on channel open cost.

0 sats \ 0 replies \ @fiatbad 19 Apr

Yea, it seems like there are dozens of potential ways to do it, and most of them will still be cheaper than on-chain was.

I wonder if this is part of the reason they moved to FPPS for rewards. Allows them to take out the fees more conspicuously.

But overall, total fees should be much lower for all parties involved, and that's what matters.

10 sats \ 13 replies \ @anon 19 Apr

Now I wanna get a miner just to try this out...

10 sats \ 12 replies \ @Wumbo OP 19 Apr

I high recommend it. As with many things bitcoin, you will learn a lot by trying it out.

For under $100 you can start mining: https://kaboomracks.com/product/used-antminer-s9/

10 sats \ 4 replies \ @Bell_curve 19 Apr

What about electricity costs? My state is expensive

10 sats \ 3 replies \ @Wumbo OP 19 Apr

During cold months just use it as a space heater.

0 sats \ 2 replies \ @Bell_curve 19 Apr

And turn off during summer?

11 sats \ 1 reply \ @Wumbo OP 19 Apr

You could. This is why I think low cost mining equipment is important.

You don't feel like you have to mine 24/7. It is such a small cost that it lets you learn and heat your house.

vs.

buying a multi thousand dollar mining rig and feeling like you need to run all the time to justify the purchase.

1 sat \ 0 replies \ @Bell_curve 19 Apr

👍👍👍 $$$

I am more interested in learning

10 sats \ 1 reply \ @Bell_curve 19 Apr

What about buying hash rate and no equipment?

Electricity is expensive in my state

10 sats \ 0 replies \ @Wumbo OP 19 Apr

I have never rented hash rate but no reason it could not work.

My guess is that lightning withdraws might cause some people who are renting the hash rate out to just mine for them self.

0 sats \ 4 replies \ @Bell_curve 19 Apr

66 bucks?

11 sats \ 3 replies \ @Wumbo OP 19 Apr

You will need a PSU also and some shipping cost.

It will be around $100

0 sats \ 2 replies \ @Bell_curve 19 Apr

PSU?

I am a novice

10 sats \ 1 reply \ @Wumbo OP 19 Apr

Power Supply Unit. Similar to what you would have in a desktop PC.

It is the box with all the wires coming out of it in the link. https://kaboomracks.com/product/used-antminer-s9/

0 sats \ 0 replies \ @Bell_curve 19 Apr

Thanks

10 sats \ 0 replies \ @IamSINGLE 19 Apr

Congratulations miners!

10 sats \ 0 replies \ @kenn_b 18 Apr

this is great news for home miners

21 sats \ 1 reply \ @Wumbo OP 18 Apr

Mempool.space has Braiins pool at currently 1.54% of total hash at the moment.

Braiins Pool reports 12.41EH/s as of time of this post.

Lets see if Braiins pool increase its piece of the pie with this new feature over time.

0 sats \ 0 replies \ @kenn_b 18 Apr

probably yes

1 sat \ 1 reply \ @Coinsreporter 19 Apr

So, I can mine here, and get payouts on LN?

I've listened a lot about pools thing, are they safe?

10 sats \ 0 replies \ @Wumbo OP 19 Apr

So, I can mine here

Braiins pool is the pool being discussed.

Braiins pool has been around a long while and is low risk.

Now with lightning it is even lower risk because you can withdraw even quicker.

0 sats \ 0 replies \ @cyberpunk02 19 Apr

YYEEESSSS!!!

10 sats \ 1 reply \ @X_SHORTSVID 19 Apr

thanks , really interesing you're post i just sign up this pool do , you have any specific recomandation ? 🙂

10 sats \ 0 replies \ @Wumbo OP 19 Apr

Just keep mining.