Replies (173)

That's not how it works in this case. Solo CK isn't a traditional pool where they pay out proportionally, you still get the block reward sent to a solo address. Solo CK just provides the service of managing a node and creating block templates as well as sending work to miners. Solo mining on your own node is cool but most solo miners aren't well equipt to do extensive testing on latency and uptime to make sure they are maximizing their reward potential. Whoever runs Solo CK takes 2% for this service and it goes to a separate address in the coinbase transaction. Check the pool history to see how this works.
CG's avatar
CG 1 year ago
Yeah if you want someone to create block templates for you, consider Public Pool with zero fees.
You don't have to use a pool to mine. Sounds like solo ck just threw a bunch of fancy words to scam you out of 2% worth of your hashrate. There is nothing different about any of those things you mentioned. Any money firmware she's that for you. You don't need a pool to do any of that
There is no such thing as testing latency and uptime. Bandwidth for mining is extremely low. There is no maximizing rewards if you are solo mining. You only get one reward. The block reward if you get it.
From their site: "...running a full bitcoin node that requires both great storage and bandwidth..." That's just not true. If it were, Bitcoin wouldn't be decentralized. It's a flat out lie.
Noted, your input is appreciated. I have had some problems with my lightning node going down unexpectedly and since I don't check it daily I perceived value in a pool service.
If you're not online, a pool will not help you. Not for real solo mining at least. It could for more evenly dispersing your reward payout of you have some down time but it's not really even helping then so much as just lowering your average reward to make up for your down time. Not helping, just smoothing out your payouts. Which could be useful depending on the payout methodology. And I could be missing something. I'm not expert but I do run miners (S9s) and I just don't get it (ckpool). Just gives me a scammy gut feeling is all.
Mr Meadow's avatar
Mr Meadow 1 year ago
What are the odds of this happening? I’m buying one as I’m fascinated by owning a little pocket miner but curious on probabilities of it being profitable
Very little - in the millions! With difficulty increasing and these only operating on the GH/s level, I believe the odds of winning a state lottery for more fiat are actually better. It's not profitable and never will be - about $12/year to run it and when you mine solo you get zero rewards unless you hit a block. I suppose you could link it to a pool and earn a penny a day or something like that! If you want to be competitive and stack sats reliably, check out @Sazmining 😎
Update: had three hours of downtime while I was at work because my miner and my node stopped cooperating for some reason lmao There is a reason that Satoshi designed Bitcoin to work even if participants left and rejoined the network at irregular intervals. Managing uptime and latency is a full time job if you have real value on the line and cannot afford to be offline. I will check my logs and press on though
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Sazmining 1 year ago
Keep mining, no matter what! 🌊⚡️⛏️
Nathan Simone 🏴‍☠️'s avatar Nathan Simone 🏴‍☠️
When I win 3.125 #Bitcoin (minus fees), everyone who likes and boosts this post gets 1 million sats. To decentralizing the hashrate, one BitAxe at a time! 😎 image
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I'll humor you, but the odds here seem far less than even winning the lottery.
Nathan Simone 🏴‍☠️'s avatar Nathan Simone 🏴‍☠️
When I win 3.125 #Bitcoin (minus fees), everyone who likes and boosts this post gets 1 million sats. To decentralizing the hashrate, one BitAxe at a time! 😎 image
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Welcher bitaxe ist das? Toll jeder sollte einen haben, egal von welcher Firma, Hauptsache in jedem Haushalt ist hashrate vorhanden.. #dezentrale hashrate für alle
That would go down as an epic event along side BTC Pizza day. I hope it happens as I’d love some sats but I’d love to see all that zapping. lol. 😂
Others lottery-mining for me? Heck yes, count me in.
Nathan Simone 🏴‍☠️'s avatar Nathan Simone 🏴‍☠️
When I win 3.125 #Bitcoin (minus fees), everyone who likes and boosts this post gets 1 million sats. To decentralizing the hashrate, one BitAxe at a time! 😎 image
View quoted note →
i love this i'm sure at least some understand they may mine for decades and never win a block but it literally is like a lottery where you don't pay taxes and nobody knows who won
idk what to say may God be with you! i am glad people are shooting their shot with this because although probability is against them, what i love about it is that this is better than a lottery, more chance of winning, and no taxes and nobody knows you won
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nobody 1 year ago
I would have said ocean but after reading this I’m thinking fuck it. I’d pay a few sats for the chance of winning 3.125. Like playing the lottery 😂 Fiat Lottery = bad Bitcoin Lottery = good
How much bitcoins are you seeking to earn? This is a giveaway package! $5 gets you $200 worth of BTC $20 gets you $1k worth of BTC $100 gets you $8k worth of BTC $300 gets you $20k worth of BTC Which package would you like?
Mezzy's avatar
Mezzy 1 year ago
This is my retirement plan 😂
Amarillo's avatar
Amarillo 10 months ago
1/8000000. Much less than lotostates.
Amarillo's avatar
Amarillo 10 months ago
Buena suerte; por la parte que me toca.
Amarillo's avatar
Amarillo 10 months ago
No debo hacerte un boost desde una cartera primal que pide KYC para activarla. ¿Verdad?