Following up from the block parties in #846378 #832298 and #784886 - we're doing it again
- We mine together to find a block
- Bid on hashrate to join
- High bids (over cost of hash) lead to bonus hashrate
- I also add bonus hashrate as new folks sign up
Our goal is to mine a block for 3.125+ btc ($325k!) and split the reward.
New Block Party Format
I realized a few issues in the old format:
1- Fixed party size limited # of buyers
2- Fixed duration meant the party stopped before finding a block
By removing those limits, now the party can grow with demand - and we keep going until we mine a block.
In terms of odds, it means if you buy into the party early (now), you join when the odds are somewhat long (eg. 1 in 5,000)
As the party grows in size, the odds get better and better. This way, early bidders are incentivized to join and help spread the word - and, as the party gets larger, later bidders benefit from improved odds.
Monitoring + other stuff
We are mining with CKPool and the payout escrow address 3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH
- https://solostats.ckpool.org/users/3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH
- https://solo.ckpool.org/users/3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH
- Telegram: https://t.me/+AEvub_E_9hNiYzAx
How to join
#864875
Hi, replied in TG
Tnx!
Let's go! I guess we will need to hit the 1EH/s range to stand a good chance of mining within a week :)
I keep placing bids and getting immediately outbid. Feels like bot behavior
Edit: I see that’s the proxy behavior. Nevermind. The name is not super clear but the FAQ cleared it up