I'm have bitaxes on public-pool.io? Is this a waste of time because the pools hashrate is too small?
Organisations like nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze are attempting to mitigate it and others like nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m are looking at decentralising the hardware.
We need hundreds of nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze and nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m to truly achieve this.
Also the increasing trend for Bitcoiners to buy home miners like the Bitaxe: https://bitaxe.org/ and hopefully join smaller pools (solo mining is not going to help), may mitigate the situation over time.
But it is VERY worrying!
Discussion
I’ve only had data centre miners on large pools up to now.
I have a solo nerdminer at home and I’ve ordered the latest #Bitaxe but haven’t received delivery yet.
Does anybody have experience with small pools?
#asknostr
Just found Public pool have an npub:
nostr:npub1wtgd9ccg76awlp29zl3h466l89wr7hsut0n3ucmtr95h4t29jc6srlsxp2
From this Xitter post on Aug 23 2024, it looks like public pool have about 15% of the compute power to mine a block:
https://x.com/Public_Pool_BTC/status/1826981816210710880
So if you actually want to earn rewards, you'll probably need to choose a larger pool.
My data centre S19 switched between F2Pool and BTC.com which are both smaller, but earning pools.
My income from each was about the same and profitable until May this year on an S19.
Perhaps think about nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze if you it is available.
They seem to be doing good things.
I am unable to verify this independently, but this note suggest the public pool is not really a pool at all:
nostr:note1qmt59qctqxvnyrdrppgdeff6p86yuk70xx3mzzd6p5a48xen4g9szuncwx
Thats a solo lottery pool, I went with nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze for this reason:
nostr:note14vpdc0prmrvt7ktlqkrq4cc0hze06wwakn073cm0j8ec4ketfxjsg2kj0h
and:
nostr:note1q66cm4gwldq09qegsdjmulaq4andxkqmkj3vwlmtp4yswevqqslst9rg0f