reply on: Peak Bitaxe Custom Lotto Mining \ stacker news ~bitcoin

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66 sats \ 9 replies \ @Undisciplined 27 Dec \ parent \ on: Peak Bitaxe Custom Lotto Mining bitcoin_Mining

Not quite. He's talking about actually using custom block templates, which I have no idea how to do.

I was saying that I chose Ocean because it supports that ability. I think it's important for miners to have that option, but for now it's beyond my ability.

50 sats \ 0 replies \ @cyphercosmo 27 Dec

I was exploring Umbrel's app store as I want to play and experiment with various applications they have available, one of them is Datum which allows you to create your own block template as @Undisciplined suggested.

I need elp to fully understand what he meant frens. It makes sense you can make it harder for you to find the shares and then you are rewarded proportional to that difficulty when you find a nonce above that difficulty, but that narrows this to pools where miners are rewarded proportional to their hashrate.

I hope that's correct, if so good 🎉, in any case the second and most important part of my doubt is regarding CK pool which has a high difficulty port "for miners that require a high difficulty, such as mining rentals".

Why would anyone use that?

The more I know, I don't know 😅

24 sats \ 7 replies \ @Satosora 27 Dec

I see. Oh, did you make your first sat from mining yet?

0 sats \ 6 replies \ @Undisciplined 27 Dec

Sort of. Ocean has found several blocks since I started and I've earned a few hundred sats. That hasn't risen to the payout threshold yet, though, so I haven't received them yet. If I set up lightning payments, then I would receive them in real time.

37 sats \ 2 replies \ @WeAreAllSatoshi 27 Dec

What is the payout threshold on Ocean?

0 sats \ 1 reply \ @Undisciplined 27 Dec

I don't actually know. It wasn't obviously posted anywhere on their site and I didn't put more effort into finding it than that.

I got the impression from other stackers that it's 1k.

0 sats \ 0 replies \ @WeAreAllSatoshi 27 Dec

1k sats? That’s pretty small for an on chain withdrawal threshold?

0 sats \ 2 replies \ @Satosora 27 Dec

Congrats! You have skin in the game now. Not that you didnt before lol

36 sats \ 1 reply \ @cyphercosmo 27 Dec

I'm actually impressed how fast @Undisciplined is learning given I read on other posts him saying he is new to the community, and then he drops a "he's talking about actually using custom block templates".

That observation can only be made because the rabbit hole got him hard 😂

21 sats \ 0 replies \ @Undisciplined 27 Dec

Maybe it's not fair to describe myself as "new", but it does feel like it given how much more there is to learn.

I've been learning about bitcoin for the past couple of years. The technical side has been more baby steps for me than learning how to use it and why it's so important.