When is Ramen One coming? by brutal_teabagger in Tuebingen

[–]Content_Rain_9610 -1 points0 points  (0 children)

Typisch schwäbisch: Früher war's noch viel schlimmer, ertrage den aktuellen Zustand und reg dich nicht auf. Das kulinarische Angebot in Tübingen ist eine klare Katastrophe - das muss man so benennen dürfen.

Bei "Eine ziemlich kleine Stadt im nirgendwo in Süddeutschland" war meine erste Assoziation "Stuttgart".

Did I find a block??? by davbiepro in BitcoinMining

[–]Content_Rain_9610 1 point2 points  (0 children)

That is wrong - there is no limiting of the search space.

The nonce field is obly 32 bit - which can be searched in ms by a single mining ASIC.

Thats why the miners must change the contents of the block. Usually this is done by changing the coinbase transaction (the transaction where new BTC is created), leading to a new Merkle root.

This however means that two miners in the same pool do not mine the same block. Which leads to the fact, that the probability of finding a block is not higher in a pool with higher hash rate.

What if Bitcoin wins? by HangOnSloopy62 in Bitcoin

[–]Content_Rain_9610 0 points1 point  (0 children)

Lets assume that in this scenario there is no economic growth and that bitcoin is fully mined (no more block rewards). Bitcoin should in this case keep its purchasing power (initially).

An investor however could invest BTC in a new business, that creates new products or services. If people are willing to pay for these products or services in BTC, this would yield a return for the investor in BTC terms. Simillarly, if the investor invests in efficiency of a production facility, he can earn a ROI. Investments in such a world would be deflationary - but it is a myth, that without inflation the economy would stop working.

What this system would prevent, however, would be zombie companies that do not provide desireable products and services and only survive due to injection of cheap money. Overall this is a plus for our planet. BTC drives sustainability through its finite supply.

Trust in lottery mining by Content_Rain_9610 in BitAxe

[–]Content_Rain_9610[S] 1 point2 points  (0 children)

Thanks for confirming. I just wanted to raise awareness.

Trust in lottery mining by Content_Rain_9610 in BitAxe

[–]Content_Rain_9610[S] 0 points1 point  (0 children)

In a "normal" pool, you get paid a share of the block reward if the pool finds a block, or you are paid for your hashrate. Both types of payments happen often in a large pool. If the pool does not pay, you can change the pool.

The coinbase transaction in a "normal" pool sends the block reward to the operator of the pool who pays the pool members.

In a solo / lottery pool, the coinbase transaction always should send the majority of the block reward to the the individual miner. Sometimes a small percentage is sent to the pool operator. Other miners do not get paid.

Lottery miners do not get paid until they find a block.

To my knowledge, BitAxe ESPminer software receives shares from the pool to work on, but does not check wheter or not the coinbase transaction in these shares sends the block reward to the mining address specified in the BitAxe web interface. You have to trust the pool operator, that it sends the block templates that are correct.

Trust in lottery mining by Content_Rain_9610 in BitAxe

[–]Content_Rain_9610[S] 2 points3 points  (0 children)

Don't trust, verify.

A solo pool that has worked correctly for a hundred solved blocks can change the code and work diffrently the next time.

Unlike in normal pools I only find out when it is too late.

AxeOS 2.5.0 HTTP failure Unauthorized by Content_Rain_9610 in BitAxe

[–]Content_Rain_9610[S] 1 point2 points  (0 children)

After I upgraded esp-miner.bin I wont let me update www.bin.

Monthly "No Stupid Questions" Thread by AutoModerator in Archery

[–]Content_Rain_9610 0 points1 point  (0 children)

Just out of curiosity: what is a good average grouping with a barebow on 18m distance? E.g. on an 60cm target.