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72 sats \ 10 replies \ @DarthCoin 10h \ on: Lucky solo bitcoin miner beats 1-in-82-year odds to win $285,000 block reward bitcoin_Mining
@siggy47 why don't you mine solo ?
I like getting my sats regularly. I guess I'm not a gambler at heart. But, I am thinking of setting up one of my bitaxes to solo mine just for the hell of it. That term "lottery miner" makes me think twice. My father always called the State Lotteries "The Stupid Tax." He would say "what? The government doesn't tax us enough? They have to screw the stupid even more?"
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I got a Bitaxe. Set it up to run and now I ignore it. As my parents always said, you can't win the lottery if you don't buy a ticket. I've won it once with an airdrop years ago, mebbe I'm due for a 2nd one.
you are not getting too much anyways with a bitaxe. I think it worth it solo mining just for fun.
I would not call mining solo a lottery. A lottery indeed is a tax for stupidity, but is a lottery where you go and buy a lottery ticket from a scammer and repeat that over and over.
Mining is something else.
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Mining is something else.
allegedly you're contributing to the network.
but allegedly the lotto pays for civic projects
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the lottery tickets will only feed human greed, a stupid idea that someday somehow you will get a shit ton of fake money. There's NO any PoW in buying some tickets willing to win.
The mining is something noble, even that your chances are very few to earn something. But when you find that block, your hard work is worth it, not just because you earn the reward, but is that you also secured the network. Is a real PoW.
I was also mining back in 2012-2015 and I will mine again when I will be ready.
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A fair lottery. Like 100 people bet a dollar and one wins 100. All other loose.
We all compete with the amount of our hashrate to win the next block.
The possibility of winning is proportional to the amount of hashrate but based on pure luck. Like a lottery where the hashrate are tickets.
Best way to explain it simple.
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Yes, you're right. Solo mining helps the network. I have a couple of different miners now, and I'm mining in two different geographic places. For the low hash rate bitaxes, I should solo mine. I never set them up for pool mining anyway. I'm not using them (I have two) right now.
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