The only lottery I like to play

[Somegory]

This is not my solo mining win, this belongs to someone out there and I am happy for whoever this win belongs to, it makes me feel very good of myself for even trying. I can only hope that such luck finds my little farm someday, what do you think?



This is a better way of gambling without having to spend money on lottery tickets everytime don't you think? While your DCA is going on at one side it is not hard to give solo mining a try, I have purchased many trading ebooks that got me no where and also trading tools that are now useless {never ROI'd}.

What is life without taking risks? This should be a man's means of having some adventures.

How do you feel when someone hits a block, do you feel happy or you are sad that it's not you?

[Patikno]

What is life without taking risks? This should be a man's means of having some adventures.

Life would be meaningless without taking risks, because basically every action we take carries a risk, especially in mining.

However, risk-taking must also be accompanied by good management, and should not be overly pushy in doing it, it is better to only within the limits that we can afford (each of us knows ourselves). Personally, I have never done solo mining, nor have I ever played the lottery. So, I think I need to try it at least once in my life. I have read discussions about lottery mining before, and honestly, I feel very interested in doing it, and I think I would be much luckier doing it, compared to playing the real lottery, because I concluded that mining has a greater chance of success than buying a lottery ticket.

How do you feel when someone hits a block, do you feel happy or you are sad that it's not you?

I feel very motivated every time I hear good news, especially news that someone has achieved something profitable. I get jealous (in a good way), which means I really want to try the same thing. However, I can't return to mining right now due to certain issues.

[ABCbits]

This is not my solo mining win, this belongs to someone out there and I am happy for whoever this win belongs to, it makes me feel very good of myself for even trying. I can only hope that such luck finds my little farm someday, what do you think?

https://mempool.space/block/000000000000000000013fc41444e7ca40ba5f8409d3f74a45e0da3efda9b6ed says the miner is NiceHash. That's unusual, since such miner usually choose CKPool or other option that doesn't require KYC (NiceHash these days ask KYC verification).

This is a better way of gambling without having to spend money on lottery tickets everytime don't you think?

I can see people consider solo mining as better option, although they need to pay electricity cost regularly.

[FP91G]

This is getting boring to discuss. It's been written in similar threads that the pool must first mine a block, and for you to receive the reward, your hardware must perform the correct calculations. It's a very complex lottery with virtually zero chance of winning with a low hashrate. If you want to play with a high hashrate, it will be expensive because you need to pay electricity bills.

[Yamane_Keto]

It is not the only one, there is another solo miner who earned another block reward, which is extremely rare in the same week. Avg 15.6 days

https://mempool.space/block/000000000000000000013fc41444e7ca40ba5f8409d3f74a45e0da3efda9b6ed
https://mempool.space/block/00000000000000000000505190b50037a8484eef057982c9f513d03442b00b1b

This is a better way of gambling without having to spend money on lottery tickets everytime don't you think? While your DCA is going on at one side it is not hard to give solo mining a try, I have purchased many trading ebooks that got me no where and also trading tools that are now useless {never ROI'd}.

The data shows that 22 verified solo blocks were mined last year, and with a 6 TH/s miner, your chance of finding a block per month is less than ~0.0015%. During this month, you will be paying for electricity and cooling 24/7.


https://bennet.org/resources/solo-block-tracker/

[BitBakerr1]

How do you feel when someone hits a block, do you feel happy or you are sad that it's not you?

I usually feel happy for someone when they achieve something great like this, anyone who will feel sad for someone success is not a good person, there are some people they usually don’t feel happy for others instead of feeling happy for others they start thinking and wishing they were the one that got what was gotten by the other person, that’s not how I live my  life I believe if you are happy for others for the good things that happens in there life good things will locate or fine me too, is not a most to believe what I believe but how will you feel that you won something great and people around you are sad?

[mindrust]

This is not my solo mining win, this belongs to someone out there and I am happy for whoever this win belongs to, it makes me feel very good of myself for even trying. I can only hope that such luck finds my little farm someday, what do you think?



This is a better way of gambling without having to spend money on lottery tickets everytime don't you think? While your DCA is going on at one side it is not hard to give solo mining a try, I have purchased many trading ebooks that got me no where and also trading tools that are now useless {never ROI'd}.

What is life without taking risks? This should be a man's means of having some adventures.

How do you feel when someone hits a block, do you feel happy or you are sad that it's not you?

Can you tell us more about your small mining farm? Maybe we can calculate the odds. Somehow this post made me want to start my own small farm too. It could be a good side project but last time I checked mining equipment was very costly, noisy and power hungry so my hype current hype can die pretty fast. I advised against mining for years but this lottery aspect of solo mining looks attractive to me for some reason. (I guess my inner gambler finds it attractive) I cannot tolerate noise and too much power consumption, I probably shouldn't be dreaming this.

[BlackHatCoiner]

This is a better way of gambling without having to spend money on lottery tickets everytime don't you think?

Actually, it provably is: Lottery mining: a cost-benefit analysis.

It's a very complex lottery with virtually zero chance of winning with a low hashrate. If you want to play with a high hashrate, it will be expensive because you need to pay electricity bills.

It is in fact very easy to set up, and has a higher chance to win the traditional lottery. And you can play it every day for virtually no cost! (apart from buying the hardware device.)

Can you tell us more about your small mining farm? Maybe we can calculate the odds. Somehow this post made me want to start my own small farm too.

Check my linked thread above. If you just want to gamble a few hundred bucks, buy yourself some Bitaxe Gamma 601. It costs about $110 and mines up to 1.2 TH/s. (which is about 1 billionth of the total hashrate.)

[philipma1957]

I mine with a bitaxe and have a shot for each and every block made.

here is my miner I underclocked it

https://solostats.ckpool.org/users/bc1qns96gdmrd024q20kav0x6lrlfg72qg8avu54ug

it uses only about 13 watts an hour  or 312 watts a day.

that is .312 kwatts my power bill is 20 cents a kwatt

this means I spend 6.24 cents a day for a shot at each and every block made.

my purchase cost was about 200 for the miner and the power supply.

So I am 69 years old next week if I play for the next 30 years my cost will be 6.24 cents a day for

30x365=10,950  a few days added for leap years say 10955x0.0624=683.592

683.59+200=883.59 FOR 30 years of action.

my chances of hitting a block are very very very very small even with 30 years play time.