Replies (14)

Jimmy 1 year ago

No way, seriously, it happened?

Nathan Simone 🏴‍☠️ nathan@denver.space 1 year ago

Nope - just positive thinking so far!

Lucid 1 year ago

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

Zardoz zardoz@orriss.org 1 year ago

Where are you mining? I’m using Lincoin.

Nathan Simone 🏴‍☠️ nathan@denver.space 1 year ago

Mining to CKPool, sir 🫡

Nathan Simone 🏴‍☠️ nathan@denver.space 1 year 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 😎

Zardoz zardoz@orriss.org 1 year ago

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

Lucid 1 year ago

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

Nathan Simone 🏴‍☠️ nathan@denver.space 1 year 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 1 year 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 1 year ago

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

Nathan Simone 🏴‍☠️ nathan@denver.space 1 year ago

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

Bigred92 bigred92@nostrplebs.com 1 year ago

I thought they just got lucky

Nathan Simone 🏴‍☠️ nathan@denver.space 1 year 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!