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36 sats \ 2 replies \ @DarthCoin 3h \ parent \ on: Lucky solo bitcoin miner beats 1-in-82-year odds to win $285,000 block reward bitcoin_Mining
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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21 sats \ 0 replies \ @openyoureyes 3h
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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21 sats \ 0 replies \ @siggy47 3h
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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