It’s a 6 hour block party bro. Idea is you go hammer for 6 hours. Not soft for 24/7.
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.
🤙🏻
Discussion
So it's gambling?
Yes! 🙌 like a lotto. But no state involvement. 😉
Mining is always gambling. Yes? Brains pool last year went like weeks in between blocks found when they were still block splitting. People in the pool gambles their electricity wouldine blocks.
Aka a lotto. Gambling I would relate with high stakes. Buying hashrate to pool together for 6 hours becomes more affordable depending upon your risk assessment.
Unless you want to contribute with your own miners which is great too.
It’s more of a community event with the hopes to snipe a block from the centralized assholes.
Hashrate is verified via CK Pool during the event
Community event for funsies. Got it.
Yep. Hash for the event has been selling for the last few weeks.
Charge it up and let it rip. Momentum will get more solo miners to join and in the end, will add a little fun for them too at the cost of 6 hours of FPPS or what not
Can #bitaxe participate?
Yes 🙌
If you have a Bitaxe or any other mining rig, send your hash to the block party!
Stratum address: solo.ckpool.org:3333
Username: 3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH
Put your BTC payout address as the workername (important!)
If we mine a block, you will get your share of the reward based on hashrate contribution.