Friday Surprise Auction: 10 PH/s starting bid 21,000 sats
Thursday is a great day to bid on a special auction for newsletter subscribers.
Have you ever wanted to try out solo mining? Read below to learn how.
10 PH/s @ 21 hours
Spot hashrate from US based mining farm. Starting bid just 21,000 sats and auction ends in 3 hours @ 12p Eastern Time.
On Solo Mining
While nearly every bitcoin miner chooses to mine shared rewards with a mining pool, some brave miners choose to go solo.
The odds of winning a solo block are long ... so why take the risk?
Because the potential win for solo mining today is...
3.125 BTC (~$225,000) plus TX fees (!)
What is solo mining?
It's when you use your hashrate to try and win a block all on your own.
While technically savvy miners can solo mine with their own node, the happy path is to go with a solo mining "pool" - unlike traditional pools, your hashrate isn't shared with other miners, and the block reward (if you are lucky enough to find a block!) is all yours.
Where can you solo mine?
Team Rigly suggests 2 ways to solo mine:
CKPool
This is the OG solo mining pool. You can send your hashrate to your btc address (as your username) at stratum+tcp://solo.ckpool.org:3333
Stats: https://solostats.ckpool.org
DEMAND Pool
This is the new pool founded by Alejandro De La Torre and Filippo Merli with cutting-edge support for Stratum V2.
You can solo mine with DEMAND via Stratum V1 with the same method as CKPool, create a btc address and send hashrate to stratum+tcp://mining.dmnd.work:1000 with your btc address as username.
Details here: https://www.dmnd.work/#solo-sv1
Okay, so tell me the odds
If you insist on knowing your solo mining odds, check out https://solochance.com
Happy Friday and thanks for reading all the way,
Team Rigly