Nostr Web Client

Hey nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu what’s this new “fixed return mining” option I see? Basically fronting sats to a miner, and earning their rewards for a little discount?

How do you account for potential changes in difficulty level? Is it a fixed sats return “however long it takes”? Or “earn as many sats as they mine in X time”?

I can imagine the latter being a bit of a risk in a bull run, if a significant amount of new hash comes online after you’ve paid… suggesting that the final days of a bill (before miners start turning off) would be the optimal time to get in on this.

Thanks in advance 🫡

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Discussion

Rigly 9mo ago

Hey! We haven’t quite rolled it out yet, but the idea is that it’s fixed return in sats not in time. So the time adjusts to return a % over the amount paid in sats. Like you say, you pay upfront and then the hashrate mines to you until the fpps value of the hashrate you receive reaches a set amount. It’s calculated based on the floating fpps rate per day. And you just keep mining until you’ve made back what you’ve paid + a fixed return. The % depends on duration and the amount of hashrate. We’re still working on the details.

boston wine 9mo ago

Excellent 💪💪

hazard 9mo ago

🙌

Killroy 9mo ago

Top 👍💪💪