reply on: Miners Mostly Lose — Bitcoin Prediction Market for Miner Insurance and ROI \ stacker news ~BitcoinPredictionMarket

31 sats \ 4 replies \ @Coinsreporter 22 Jun \ on: Miners Mostly Lose — Bitcoin Prediction Market for Miner Insurance and ROI BitcoinPredictionMarket

This seems quite interesting!! Listening for the first time that such markets are also available. First, I need to understand it. In simple words, does it mean that we predict that who will win the next block? Right?

21 sats \ 3 replies \ @HYPERBITCOINZATION OP 22 Jun

Yup! Check out mempool's mining dashboard! Basically all the pools listed there are also listed in Bitcoin Prediction Market, and you can bet on which one will mine the next block. It's purely probabilistic, and nobody can control the outcome. The size of each chunk represents the probability it will mine the next block. The market is provably fair and probabilistic, and providing liquidity over time can enable miners to bet against you and hedge their hashrate! Let me know if you have any other questions and I'd be happy to answer them!

31 sats \ 2 replies \ @Coinsreporter 22 Jun

Thanks for your prompt reply! Checked it out and seems like it's fair opportunity for everyone. Gonna give it a try next day for sure.

11 sats \ 1 reply \ @HYPERBITCOINZATION OP 22 Jun

Awesome, let me know if you have any problems, questions, or feedback! Always here to help!

21 sats \ 0 replies \ @Coinsreporter 22 Jun

THANKS. Will surely ask you if I need..