I think what has been missing in #bitcoin is 2 things
1. Simple way to mine
2. Incentive to do it
The bitaxe and nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu address #1
I’m just now seeing the incentive for #2
The incentive for mining on an individual level is not the block subsidy…
It’s the fact that, if everyone can acquire hashrate and make the same choice (band together, mine a block) then the incentive is to be the *first* to make that choice - and profit
What we’re learning in the block party is how to coordinate the same choice - where, much like the first buyers of bitcoin, the early miners in a block party are rewarded - if they can pull in enough people to mine the block in time!
It’s an idea in progress..
Come learn with me - I’m coordinating the same choice and trying to mine a few sats.
upendo.rigly.io
Just hashed a 33 trillion difficulty block
Will you be mining with us when we hash a winner?
nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu #bitcoin 
Everyone says “mining is too centralized”
Few people do anything about it
Every auction chips away at hashrate going to the Big Pools
Join us ⛏️
Blocky party is underway with 5 PH/s
We keep mining till we find a block ⛏️
Bid on hashrate to join
Share with friends and earn bonus hashrate
Buy some hash on nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu and send to nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze pool amiright
Still 15 spots left for tomorrow’s solo mining party
We mine with 3 Ph/s (or more)
And try to solo mine a block
And split 3.125+ bitcoin
Get your bid in!
Place your bid for a spot on the party
Each spot is 21 TH/s
There are 50 spots sold at auction
We mine with 1,050 TH/s total
I add free hashrate to the party to improve the odds
You are welcome to contribute your Bitaxe hashrate once we start mining on Saturday
Mine with me this Saturday ⛏️
Doing another block party
1 ph/s++
50 spots available
Plus I add bonus hashrate for everyone who shows up.
Running Alby Hub
Only the winning bid pays.
Bidders are gated on paying for the test drive before they can bid, which cuts out most fake bids.
The test drive is 1k sats for 3 hours. It’s to try out mining and you’ll likely earn less than 1k sats on it.
The hash comes from a mix of different rig types and mining farms we work with.
The auction is for hashrate on longer timeframes (eg 30+ days) and future delivery. The auctions provide upfront $ for mining farms and they are more likely to earn a profit.
I'm coordinating a group solo mining party - aka block party - for Genesis Block day.
- Bid on hashrate nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu
- We combine our hashrate
- We mine with 1,000+ TH/s to try and mine a block
# The Goal
We mine a block, earn 3.125 bitcoin + tx fees, and split the reward 🎉
# The Incentive
I've always wanted to mine a block, and so I'm adding a special twist:
After each auction, I'll add bonus hashrate to improve the mining odds.
You can see the bonus hashrate on the auction bid calculator.
# Details
Hashrate and auction hosting is provided via nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu and we will use CK Pool to mine.
Also nostr:npub1t6el40knsq8hmrpr0m6tt3t0tr4pdeyhlt2qelwhgtwawddqx0xsv03scu just before 2024
We have 5 miners available for the test drives. I’ll see what’s up. Sorry for the delay.
⛏️ It’s only 1,000 sats to get started with hashrate auctions on Rigly.
- 3 hours of hashrate
- Braiins pool account
- or: use any pool you like nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze
If you’d like to get started, I’ll zap you the 1k sats - just reply in this thread.