Upendo - Mining Block Party Auction \ stacker news ~bitcoin

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Upendo - Mining Block Party Auction upendo.rigly.io/

1136 sats \ 230k boost \ 14 comments \ @evanbaer 27 Nov bitcoin

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!

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33 sats \ 1 reply \ @BlokchainB 27 Nov

Any referral codes for us SN users? 😁

333 sats \ 0 replies \ @evanbaer OP 27 Nov

Sure, sign up with code STACKER and i'll add 100 TH/s free hashrate once you win an auction.

100 sats \ 0 replies \ @BeeAye 27 Nov

fun!

21 sats \ 4 replies \ @BlokchainB 27 Nov

Do you need to create an account?

0 sats \ 3 replies \ @evanbaer OP 27 Nov

yes need an account, email is used for mining status emails

100 sats \ 2 replies \ @BlokchainB 27 Nov

The hamburger menu button is throwing an error

0 sats \ 0 replies \ @evanbaer OP 29 Nov

fixed

0 sats \ 0 replies \ @evanbaer OP 27 Nov

thanks, looking

0 sats \ 2 replies \ @south_korea_ln 28 Nov

How does it work? Say I win an auction at 40,000 sats. With boosted mining odds at 1 in 2050, and assuming a 4 bitcoin (400,000,000 sats) block reward, I have a 1 in 2000 chance of doing 10,000x on 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~~

0 sats \ 1 reply \ @south_korea_ln 28 Nov

Some useful info here, it seems: https://upendo.rigly.io/auctions/saturday-block-party-1130-lot-12-74F4D474