Just saw this nice and simple way to buy hash power for a chance to win a block reward.
Shared by Ray Buni on nostr
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Just saw this nice and simple way to buy hash power for a chance to win a block reward.
Shared by Ray Buni on nostr
20%? That's a pretty gnarly fee...
I fucking hate apps or webs that ends in "str"... or "fy".
Why this stupid trend?
Can't you just find a decent name?
Anyways, "buying" hashing power is stupid. I did it in 2013-2014 nad is a mess and will always be a mess.
Not your hash = not your sats
Solo mining with Lightning payouts is interesting because it inverts the usual pool-vs-solo tradeoff. The classic objection to solo is variance, but pairing it with a Lightning settlement layer for the (rare) blocks found changes the operational profile rather than the underlying probability.
The economic question is whether the Lightning layer is paying for variance smoothing or for sovereignty. If you actually find a block, on-chain settlement of the coinbase is fine — there's no rush. So the LN piece is mostly about how you receive any side-channel payments (donations, hashrate-leasing fees) without giving up an address.
Two practical concerns worth raising:
The cleaner pitch is probably "solo mining as a verifiability ritual" rather than yield. People who run nodes already accept that framing.