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@evanbaer
66,768 sats stacked
stacking since: #294796
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33 sats \ 0 replies \ @evanbaer 6h \ on: What are you working on this week? meta
working on a penny auction twist for the Upendo solo mining block party
1011 sats \ 0 replies \ @evanbaer 24 Jun \ on: NiceHash starts KYCing bitcoin_Mining
You can still buy kyc-free hashrate on Rigly and Mining Rig Rentals.
62 sats \ 1 reply \ @evanbaer 4 May \ on: JPEGS or no JPEGS... Bitcoin dies without Fee Pressure. THAT is the Truth bitcoin
Bitcoin does not necessarily require fee pressure to scale as the block subsidy winds down.
Instead, there may need to be a new buyer of hashrate.
Today, you can think of individual bitcoin transactions as the default hashrate buyer and where the TX fees are a proxy for hashrate purchases. This is today's default hashrate buyer.
Other buyers exist.
For example, many folks buy spot hashrate on markets like NiceHash and Rigly to lottery mine.
These buyers buy at the spot premium (often 10%+ over FPPS hashprice) and offer a preview of how the network could be supported as the block subsidy goes down.
Maybe mining-as-lottery paying a spot premium hashprice will come to support the network, much like state lotteries help fund education.
We will see.
21 sats \ 0 replies \ @evanbaer 30 Apr \ on: Bitcoin Mining Block Party bitcoin_Mining
Next mining party on 5/17
Last block party we had ~400 PH/s at the peak, will see if we beat it next time
3 ways to mine in the party:
  • Point your bitaxe to our pool address
  • Direct buy (as little as 16 sats)
  • Bid at auction (bigger slice of reward)
Best game in town!
https://upendo.rigly.io
10 sats \ 1 reply \ @evanbaer OP 5 Apr \ parent \ on: Upendo solo mining block party is tomorrow 4/5 bitcoin
We had a 33 trillion difficulty share several weeks back... but no block yet
The network difficulty has raised the bar quite high, but we'll get there
10 sats \ 1 reply \ @evanbaer 4 Apr \ on: 1 Zettahash!? bitcoin_Mining
Hmm it could be a measurement fluke
Measuring global hashrate is an estimate based on block speed, let's see if it holds for multiple days
Also I don't see this reflected on the global hashrate graph @ hashrateindex.com
Upendo solo mining block party is tomorrow 4/5
919 sats \ 5 comments \ @evanbaer 4 Apr bitcoin
103 sats \ 0 replies \ @evanbaer 11 Mar \ parent \ on: The pain of mining with Compass Mining. CBP may hold my miners hostage! bitcoin_Mining
I hear you. The auctions for hashrate now / in the near future get a modest discount -- or the kyc-free sat premium
77 sats \ 0 replies \ @evanbaer 10 Mar \ parent \ on: The pain of mining with Compass Mining. CBP may hold my miners hostage! bitcoin_Mining
Sorry to hear this - Mining is still too hard, too many rugpull stories
Hope this works out.
93 sats \ 2 replies \ @evanbaer 10 Mar \ parent \ on: The pain of mining with Compass Mining. CBP may hold my miners hostage! bitcoin_Mining
This sort of issue is why I founded Rigly - it should be possible to buy hashrate direct from the mining farms and mine at a (potential) profit
110 sats \ 0 replies \ @evanbaer 9 Mar \ parent \ on: Authentic and real bitcoin mining websites bitcoin_Mining
Rigly founder here.
You can buy hashrate from mining farms on our marketplace.
We've served over 1,000 orders successfully.
Incentives:
  • Farms get 50% payment upfront
  • Buyers buy hashrate at a discount (since upfront payment) and can earn a profit
  • Your payment balance held in non-custodial escrow
127 sats \ 0 replies \ @evanbaer 25 Feb \ on: article about fpps bitcoin_Mining
Good article - I especially like this analogy:
Having a closer look at how the FPPS payout scheme is built, we can easily see that it is like the modern pension systems of many governments, unsustainable by design.
Much like a pension system, the risk of FPPS is felt in the future, after a period of time when all seems ok. That said, FPPS is a hell of a drug, and so far miners seem fully hooked.