Why would I do this over just mining myself (which I did actively for 4 years with 4 S9s, but now just use a BitAxe) or buying bitcoin?
Why would a miner want to opt into doing this with you instead of just taking the bitcoin that they mine as their profit?
How is this more profitable for them? It has to be or they wouldn't want to do it, right?
How does the company make money from this?
I saw the message about all pooling hash power to mine a block and if so the block reward would be split based on contributions just like a normal pool I assume or is this something different? If it's not different, then why wouldn't I just use Brains or Ocean?
I know absolutely zero about nostr:nprofile1qqs9avl6hmfcqrma3s3haa94c4h436skujtl44qvlht59hwhxksr8ngpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsuwkc8a and only see nostr:nprofile1qqsfln36agetx43hsw8mgkm4hce9j46zu94m8er59nyzhv74p7gg0espzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxqgcwaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmqf83v6s spamming about it all the time and that it seems like cloud mining, but different, so to me it seems like scammy cloud mining. Because of this, I've ignored everything.
🤙🏻
Same - the bidding page is very complicated even for someone who has mined before. Unclear what you’re paying for or if you’re throwing sats in to the ether.
Assuming good intentions - the idea of collectively mining a block as a small pool is nice idea. The bidding page gave me the same vibes as reading a crypto white paper.
It’s still mining, so there’s no guarantee, think of it like a lotto but the state isn’t involved.
We aren’t crypto. Ew. Haven’t read any crypto white paper. We’re bitcoin only.
