Global Feed Post Login
Replying to Avatar David King

If you could buy a “lottery bitcoin miner” would you?

the idea would be to help decentralization of mining/pools by appealing to a new type of hobbiest miner who is in it for the fun/lulz… not aiming for scaling/optimizing a mining business

imagine you could pay $10/month to rent a simple bitcoin miner. Plug it in to an electrical socket at your home, connect it to wifi. maybe have some gaming mechanic related to lotto ticket scratchers, but ultimately you have a very small chance to win something very big — maybe something close to a block reward or more each week

does this sound interesting? maybe it wouldn’t appeal to you, but could you imagine other people who it would appeal to? a lot of people play state lotteries. bitcoin mining has a credibly neutral “random” lottery-like reward

just sayin…

Avatar
7 1y ago

Why rent instead of just a flat purchase? I’m generally against any subscriptions.

Reply to this note

Please Login to reply.

Discussion

Avatar
David King 1y ago

Yeah, maybe that’s a better model. I dunno what such a thing might cost, but I was assuming it might be easier to get over the hump for a new thing like this.

core idea is that paying for your electricity would be like paying for your lottery tickets, no other technical understanding/analysis required

Thread collapsed