Avatar
Reivan Stokes
d71670cf449e507dc2d36cc7f887051eba37b9de8e8c24979fd652203b6e330e
Replying to Avatar calle

Not a fusible asset...

Yes, the surprising thing to me is that an ASIC can go through all the Nonce possibilities of a block and still don't find an adequate hash under the threshold value.

So around 4 billion (10^9) nonce possibilities attempts and a normal bitaxe can do 1,2 Terahashes (10^12) per second.

Having to change other parameters within the block itself and trying all the nonces again. That information change my hole perspective on the blockchain construction.

Its the term different depending if its mechanic or automatic?

I tried to sync my first time with an HDD but by the 3rd week and 60% I gave up. Bought an SSD and in 5 to 1 week it was done. Everything else I keep the same, parameters, internet connection ...

In the heart of the Open-Source Bitcoin Mining Revolution, Bitaxe, powered by open-source innovation, stands against the monolithic industrial complex. This struggle transcends mere mining; it's a profound battle for the essence of decentralization. Here, power in numbers becomes the mantra, proving that together, we can reshape the very landscape of Bitcoin. Each miner that joins the cause adds to a collective force, echoing the true spirit of Satoshi's vision for a decentralized network.

Bitaxe champions the idea that Bitcoin should be accessible, not just to those with vast resources, but to anyone with a passion for the technology and a belief in its foundational principles. The open-source nature of Bitaxe invites all to participate, innovate, and contribute, fostering a community where every voice matters.

The industrial mining complex, with its centralized approach, stands as a stark contrast, symbolizing the old guard of Bitcoin mining where debt based expansion and centralized efforts dictate the pace. But in this new era, the collective strength of many small miners, united by shared vision and open-source collaboration, is showing that the future of Bitcoin mining is not in the hands of a few but in the collective hands of many.

As we witness this shift, the power in numbers becomes undeniable. Every block mined by Bitaxe is a step towards a more decentralized, secure, and equitable Bitcoin network. This isn't just a technological revolution; it's a cultural shift towards inclusivity, transparency, and the democratization of financial power. In this revolution, every participant is not just a miner but a guardian of Satoshi's vision, ensuring that Bitcoin remains a currency by the people, for the people.

It will be amazing to have a counter in your website to see how many hashrate has been sold in bitaxes

Could twitter/instagram/(other app) not on the #Nostr environment implement Nostr Wallet Connect payments??? In some custodial manner maybe?

Maybe is a dumb question

#askNostr #NWC

Unfortunately I have found that the only way is try and error. It depends on your use case. What are you using lightning for? Open channels with the servers or clients you are going to use, and other big nodes. You can find nodes on Amboss Space and see their fees and everything, can also see your own node on amboss.

Dont be afraid to loose a couple thousand sats on comissions, nothing is free in this world

Using the Megalith recommended channel is more expensive than a bitcoin layer 0 transaction

Every miner sharing rewards in the same pool (open-source) but at the same time each miner selecting and making their own block, seems the most efficient and unique solution to me.

Are they any drawbacks to this? Ideally the pool is a comunnity project and not a company one.

#Datum