Replies (14)

Jimmy 11 months ago

No way, seriously, it happened?

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Nathan Simone 🏴‍☠️ nathan@denver.space 11 months ago

Nope - just positive thinking so far!

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Lucid 11 months ago

Exactly. The axe is good for decentralization, but won't have enough power to mine a reward correct?

1 replies ↓

Zardoz zardoz@orriss.org 11 months ago

Where are you mining? I’m using Lincoin.

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Nathan Simone 🏴‍☠️ nathan@denver.space 11 months ago

Mining to CKPool, sir 🫡

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Nathan Simone 🏴‍☠️ nathan@denver.space 11 months ago

The Bitaxe can certainly mine and block and find a reward (they have done so in the past) - but with current difficulty and hashpower...it's unlikely 😎

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Zardoz zardoz@orriss.org 11 months ago

I’ll check it out… perhaps payout will be better there. 🫡

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Lucid 11 months ago

Having done so in the past, was that one axe one time??

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Nathan Simone 🏴‍☠️ nathan@denver.space 11 months ago

When you're solo mining (not connected to an FPPS pool or any large compute share), the meager payout is not the sought after prize... 😎 'Tis the decentralization aspect and hope of winning a FULL BLOCK that drives us on! 🏴‍☠️ Expect nothing, hope for everything 🫡

Nathan Simone 🏴‍☠️ nathan@denver.space 11 months ago

For some yes, others no. It can be difficult to find accurate data on solo miners (for good reasons), but there are some verified cases of just ONE Bitaxe hitting a block. See here:

Cointelegraph

Tiny 500Gh/s home Bitcoin mining device produced a block, earning over $200K BTC

A solo Bitaxe miner small enough to fit in a human hand successfully mined a block using only 500 Gh/s of power.

Bigred92 bigred92@nostrplebs.com 11 months ago

Hasn't this happened a couple of times in the last year

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Nathan Simone 🏴‍☠️ nathan@denver.space 11 months ago

Yep! But usually with solo mining, a winner's hashrate is much higher.

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Bigred92 bigred92@nostrplebs.com 11 months ago

I thought they just got lucky

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Nathan Simone 🏴‍☠️ nathan@denver.space 11 months ago

Definitely an element of luck involved, but if you deploy 1 Petahash, mine to a solo pool (like CKPool), and are willing to wait a year (especially during the bear market), you tend to be "luckier" than those who aren't putting in the effort!