Upendo #bitcoin mining block party starts tomorrow (Saturday) at 16:00 UTC Join us to make mining a cooperative game. Buy hashrate to join from just 15 sats (1 TH/s) Or: Bring Your Own Miner (BYOM) and send your hash to ckpool: solo.ckpool.org:3333 username: 3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH https://solo.ckpool.org/users/3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH If we mine a block, reward is split by hashrate contribution. Join us! https://upendo.rigly.io #hashparty #hashathon #upendo #bitcoin #mining

The thing that is immediately obvious after you read Meditations on Moloch is how bitcoin mining is (for now) a multipolar trap.

Zaps for #bitcoin mining block party Now you can direct buy 8 TH/s for this Saturday's mining party Just 120 sats to potentially win (via mining) 21x that Great price! I'll zap 121 sats to everyone who reposts in the next 21 minutes https://upendo.rigly.io

Morning Nostr.

Morning Nostr 👋

Just posted a new round of block party auctions https://upendo.rigly.io Opening bid is 100 sats Good price I'll zap the next 3 people who want to try solo mining w/ our crew

Morning

Background on the Upendo block party: I first saw the idea of a block party on bitcointalk [below] Willi on bitcointalk organized the party, a bunch of folks sent him bitcoin, and he rented a bunch of hashrate and they all solo mined together - they found several blocks back in the day. @Rigly was built to sell hashrate at auction - and so, I figured, let's try a block party auction. What happened next was interesting - To start, bids were low (way under the cost of hashrate) - As hashrate went up, so did the bids Once the party was mining, bids to join were 3x over the cost of hashrate - totally nuts. Thus the idea of bonus hashrate... Putting on my Systems Thinking Hat, I saw there was a feedback loop between bidders and block party size...the more bidders, the more hashrate, which attracted more bidders. And so, to amplify the feedback loop, the bid amount *over* the cost of hashrate pays for "bonus" hashrate - extra hashrate that increases the odds for the whole party. The idea is to leverage the FOMO Energy of block party'ers to biggify the party. This bonus hashrate feedback loop has played out in every block party since then. It's like a flywheel. Or maybe a plebwheel? The block party is a way to grab some hashrate (otherwise pointed to centralized pools) and solo mine with it, as a group. Next up is to figure out a feedback loop to incentivize people telling friends (and their friends, and their friends) about Upendo 📈 And then we may finally get enough hash to mine a block.. Happy Friday, thanks for reading. - Background:

Bitcoin Mining Lotto / Blockparty 2024

Bitcoin Mining Lotto / Blockparty 2024

- Upendo: https://upendo.rigly.io

Gm nostr It's a good day to have a good day

Gm nostr

Block party is up and running Still a few auctions for late arrivals Join us and try to mine a block Bids start from 100 sats https://upendo.rigly.io

I started the Upendo block party because it should be easy to spend a few sats and try to mine a block. Why a block party? B/c mining with other people improves the odds - and you still get the outsize reward incentive of solo mining Why a block party auction? Auctions allow early miners to get in for a low bid, and as more people join, higher bids go towards buying more hashrate, improving the odds for the whole party. It's like a flywheel. How often? The block party occurs on Saturday every few weeks. Where do I sign up? https://upendo.rigly.io

Mining party starts at noon ET View quoted note →

Gm nostr Last auctions for block party just dropped Current bid 100 sats We start mining in under 4 hours @ noon ET https://upendo.rigly.io

If you care about #bitcoin and freedom money, read Bitcoin is going to get censored, and with majority hashrate at 2 pools, it can happen with a few phone calls. When this happens, you will wish you had done something to stick up for freedom money. Upendo is something. You can bid on hashrate and solo mine with us. Bids start at 100 sats. We're mining tomorrow - Saturday 4/5 It's a start towards decentralizing hashrate, and we may hash a block. The odds are 10,000+ times better when we mine together vs mining alone. https://upendo.rigly.io

Get in. https://upendo.rigly.io

I just can't get enough studio ghibli Fat zaps to everyone who memes some pop culture, Ghibli style Reply in thread or @ me

Have you ever mined a #bitcoin block? You going to live the rest of your life never knowing what it feels like? It's not too late. Don't get left behind. Mine with us. Tomorrow's party now at 79 petahashes Place your bid and join the party https://upendo.rigly.io

Don't get left behind 75 PH/s and rising for tomorrow's #bitcoin mining block party We mine together to try and hash a block and split 3.125+ bitties Place your bid to join https://upendo.rigly.io

every bid counts another miner in tomorrow's block party ⛏️⛏️⛏️ they got in for just 100 sats View quoted note →