What is a block party?
It's when you team up w/ folks to try and solo mine a bitcoin block.
Upendo is a block party auction
You bid on hashrate and mine with other bitcoiners ✅ We will mine with 2,100 TH/s on Saturday, November 30th ⛏️ The goal is to find a block and earn 3.125 bitcoin + tx fees 🎉
To get a spot on the party, you have to win a hashrate auction.
Hashrate will be provided via Rigly and we will use CK Pool to solo mine.
Bonus hashrate
The block party earns bonus hashrate for each new bidder, and so the odds get better and better over the course of the auction ... so get your spot early!
Any referral codes for us SN users? 😁
Sure, sign up with code STACKER and i'll add 100 TH/s free hashrate once you win an auction.
fun!
Do you need to create an account?
yes need an account, email is used for mining status emails
The hamburger menu button is throwing an error
fixed
thanks, looking
How does it work? Say I win an auction at 40,000 sats. With
boosted mining oddsat1 in 2050, and assuming a 4 bitcoin (400,000,000 sats) block reward, I have a1 in 2000chance of doing10,000xon my investment. This seems to be skewed in my favor. I guess there is a part I am missing where I am sharing the hash rate with other people. How many auctions for the same hash rate? There might be some basic flaw too in my calculation~~Some useful info here, it seems: https://upendo.rigly.io/auctions/saturday-block-party-1130-lot-12-74F4D474
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Great work on it.
My bid is in!!! So when do I pay?
You'll get a payment invoice in email once the auction ends.