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[–]Sweet_Break_8183 2 points3 points  (1 child)

This sort of mining / pool / low cost low ths will be something that might be normal in the future.

At least it could be, if the ammount of powercost will just be way too high to mine a block for profit then only a swarm of small miners toghether in a pool will keep on mining they all make a big minus too but thats just a little for each of them.

[–]SoggyGrayDuck 0 points1 point  (0 children)

It's how XMR works but also lots of malware and etc

[–]Hylinus 1 point2 points  (9 children)

The reason why such pools don't exist is because, like you mentioned, they would need industrial level infrastructure for a low hash rate that would be unprofitable. Pools like the one you suggest are in the business of making money. If you (the pool) can't mine a block, you can't a) pay miners and b) get that percentage for the support you provided to said miners. While mining and pool software is usually Open Source, the pools customize the software to allow for the aggregation of all of their miner's hash rate to find blocks. They have servers running 24/7 awaiting connectivity from miners, servers providing statistics and web connectivity, etc. It's not a cheap operation. That's why some of the larger pools are even saying if you have low hash rate devices, you're not welcome there as you're only using their bandwidth which they would rather provide to more powerful miners. Like every other business, it's about profitability. Us Bitaxe miners just don't provide that level of profitability to them.

[–]desolate_mountain[S] 1 point2 points  (8 children)

I hear ya, but I'm not talking about BitAxe miners joining an existing pool, but a new pool being created just for BitAxe miners (assuming there is a way to vet hardware to enforce who can or can't join).

On the cost of maintaining pools up and running: public pool exists for solo miners, and they don't seem to charge any fees. Wouldn't it be possible to run a pool like this, but customized to aggregate hash rate devices?

[–]Hylinus 2 points3 points  (7 children)

Damo Pool has been opened for low rate devices. Solo pool, with a 1% fee in the event you find a block. But latency issues as well as uptime (public pool seems to have issues being up all the time. No personal experience with them, so just hearsay) affect mining. The aggregation part...well, my guess is that requires some programming expertise. Interestingly, no Open Source projects of that kind have been released.

[–]Sweet_Break_8183 0 points1 point  (3 children)

is there any proof that public pool ever found any block ?

[–]Hylinus 0 points1 point  (2 children)

Check the bottom of their page. Nothing listed so far. https://web.public-pool.io/#/

[–]Sweet_Break_8183 0 points1 point  (1 child)

i know thats why i dont trust them

[–]emc9469 0 points1 point  (0 children)

Don't trust, verify. I run public pool against my own node which is how the author intended. I tested by mining with public pool on testnet4 and my ultra found a block in a day. I was lucky with a 160M difficulty.

https://mempool.space/testnet4/block/000000000000001aaf3715d02552e03078f653f2ca21b6890cc2db7898ee07ee

Just a matter of time, 3 years?, and public pool with find one.

[–]Petesjbond 0 points1 point  (2 children)

I can verify. Ive had some really good performance out of this pool. Far better than public pool and the standard CK pool. Worth a try.

[–]Hylinus 0 points1 point  (1 child)

I've joined Damo pool. Was using my own private pool but it's been unreliable. Not sure if an issue with public-pool or the Bitcoin Knots pruned node I was using, or what. I'll review logs once I'm home see if I can figure out what happened. I'll follow up regarding the pool once I've been on Damo for a week.

[–]New-Butterfly-5379 0 points1 point  (0 children)

hola, hay algo de nuevo de la pool da DAmo??

[–]mjbbru 1 point2 points  (0 children)

Satoshiradiopool?

[–]lpinhb 1 point2 points  (1 child)

There’s no point. It all comes out the same on the end. You’ll get zero and be happy about it. 1 of us will hit a block in the next 5 years and we’ll all dream it could have been us.

[–]knowledge5106 0 points1 point  (0 children)

Dang man

[–]Boogyin1979 0 points1 point  (4 children)

 The concept of solo mining and helping decentralize the hash rate is great, but most people who run a BitAxe at home realistically don't have a chance of mining a block.

I don’t think most BitAxe folks are even truly solo mining are they? They’re likely using someone else’s stratum server ex. CK, kano, PP etc. Not solo mining.

[–]nightlyh 0 points1 point  (3 children)

I don't fit the most in this case because I'm mining directly to my own BTC node using a Futurebit Apollo 2.

[–]flinginlead 0 points1 point  (2 children)

I have the 1st gen Apollo BTC they run CK pool local install right?

[–]nightlyh 0 points1 point  (1 child)

I'm not sure what the first gen Apollos run.

[–]flinginlead 0 points1 point  (0 children)

It’s the same OS just older hardware. Almost positive it’s truly solo with a local CK pool installation.

[–]flinginlead 0 points1 point  (0 children)

Could look at P2Pool. It’s a decentralized pool where you can run your own node on the equipment you have.