Bitcoin Forum

Hey everyone,
I'm interested in putting together a small group of 10-15 miners to combine our hash power on solo.ckpool.org. The idea is simple: we all mine to a single shared Bitcoin address and when we hit a block, we split the net reward evenly among all members—regardless of individual hash rate contributed. This reduces variance compared to pure solo mining while keeping things straightforward.

We can all have a private TG Chat channel and keep everyone up to date and posted about everything and when we hit a block can then split rewards evenly then.

Quick Math on Splits (Based on Current Network Stats):

Current block subsidy: 3.125 BTC
Avg. tx fees per block: ~0.029 BTC
Total avg. reward: ~3.154 BTC
After 2% fee: ~3.091 BTC net
For 10 members: ~0.309 BTC each (~$26,000 USD at current prices)
For 15 members: ~0.206 BTC each (~$17,400 USD at current prices)

Of course, this is per block found—timing depends on our combined hash rate. Aiming for members with at least 50-100 TH/s each to make it viable, but open to discussion.

Also Rewards will be updated as price changes overtime and could be more or less when we hit a block.

If you are interested Please reply to this post with your Telegram username and Hashrate, I am currently Hashing between 40-52TH/S and I am completely okay with sharing a block reward with others and we all have a great holidays!

-LoshiBTC

A good question is how the rewards will be split without trusting anyone? You can either run the ckpool server where miners will connect and mine to, but the coinbase reward will be sent to one single-sig address, and then you'll be trusted to split the 3.125 BTC evenly. Perhaps the miners could mine to a multi-sig address you've all agreed to, or does ckpool mining software allow the coinbase reward to be paid in multiple addresses? I think the latter would be the most preferable, as long as miners are certain they're all mining to the same block template.

how can I properly setup a multisig wallet?

That might provide a good guide: https://coinguides.org/electrum-multisig-wallet/. It's a little complicated if the other miners haven't ever done it, before. Essentially, you all create a new wallet (seed phrase), share your master public keys and decide how many cosigners are enough to spend from the wallet; for example, 9-of-10 means that 9 signatures are required (out of 10) to spend from an address. If you all mine to one address, and you solve a block, one miner can't just take them and leave.

I think instead of complicating things with multi-sig, you should just have 10 coinbase outputs. The question remains: how will the participants verify that they're actually mining on a block template with their address included in coinbase transaction?

it is very hard to manage a solo run.

before you try I have to ask do you know the tax law in your country?

I am USA based. I stopped doin these because the law in USA said if I send more than 600 usd in any coin I need full kyc . Or I am a criminal.

Once blocks got big in usd price this law got passed. I decided to not run a small group.

Next is you need to have people have faith in you as 88,000x3.10= 272,800 usd which many would consider stealing.

If you set one up I wish you good luck.

oh a multi sig wallet does not fix the issue.

most of them are 3 sig to 5 sig

so if 10 join and you need 3 sig's to open collusion is an issue.

if that's how multi sig's work then it might be a problem then and canada and where I am in canada I don't have to pay as much tax's as everyone else because of my background

A mining lottery must remain a mining lottery, otherwise it will become classic mining. At the very least, there needs to be a guarantor who will fairly pay all mining participants their shares tax-free.