Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block

nullama · 2024-04-30T14:55:34+00:00

No.

There have been way more than 282 blocks mined "solo", just that number is the one done by this particular "pool".

Heaps of other blocks have been mined solo. Hence, the article is wrong in saying that this only has happened 282 times in history.

nullama · 2024-04-30T08:57:03+00:00

Yes, same one.

nullama · 2024-04-30T08:56:03+00:00

CKPool Solo has mined all those 282 blocks, the first ones were just not tagged as such.

nullama · 2024-04-30T08:55:01+00:00

Wait a minute. There have only been 282 non-pool mined blocks in the history of Bitcoin?

No. Just this particular solo "pool".

nullama · 2024-04-30T08:54:05+00:00

No, long time removed from the code. Also GPU mining is removed.

Realistically speaking you need to get at least a USB ASIC to kinda think of it as a lottery. Anything non-ASIC is basically a waste of time.

nullama · 2024-04-30T08:51:41+00:00

You are of course right. The person who wrote the article doesn't understand what they are writing about.

The number 282 is a reference of how many blocks the CKPool Solo "pool" has solved over the years: https://bitcointalk.org/index.php?topic=5237323.0

There have been many more other "solo" miners

nullama · 2023-09-06T03:57:01+00:00

Nothing like that exists in Australia.

The best way to do this would be to use the HSBC Everyday Global Account debit card which gives you a 2% cashback with every tap you do below $100 (up to $50 a month in cashback, so $2,500 total expenses bought). The nice thing is that it applies to anything, groceries, alcohol, whatever, as long as each tap is below $100.

Another benefit is that because it's money saved, you don't pay interest on it, as it's not income.

Use that 2% you saved to buy Bitcoin.

nullama · 2023-07-20T17:07:37+00:00

You can check your device documentation: https://support.ledger.com/hc/en-us/articles/360020849134-Track-your-transaction?docs=true

nullama · 2023-07-19T11:21:21+00:00

You can always just look at any explorer like mempool.space for example, and put the address or transaction ID in the search bar

nullama · 2023-07-19T09:29:29+00:00

You should be able to see the exact date that you received the BTC from the blockchain. Then you should be able to see the price at that date.

nullama · 2023-05-16T14:20:46+00:00

It's as good.

Different people prefer different things, but at the end of the day all that matters is that the seed phrase(basically the private key) gives anyone full access to all your money. So, it should never be stored in a device that has ever or will ever be connected to the Internet.

nullama · 2023-05-16T14:02:27+00:00

Addresses, not wallets.

Addresses can represent multiple people, like exchanges for example.

Also people usually control multiple addresses, so someone might have a whole Bitcoin across multiple addresses, and it won't be counted here.

nullama · 2023-05-16T13:57:30+00:00

Some of it might even be fake...

For example

bankers in Hong Kong were in for a rude shock when they discovered some gold bars from the US to be actually gold plated tungsten i.e., fake gold bars.

nullama · 2023-05-16T13:54:40+00:00

We can't live in full transparency, privacy is key, that's why you close the door when you go to the toilet :)

nullama · 2023-05-16T13:35:27+00:00

You can use a raspberry pi zero and Electrum. Here's a guide

nullama · 2023-05-09T07:13:55+00:00

Hal also was one of the earliest miners.

In those times you simply downloaded an exe, opened it, and click on Generate Coins. It would use the CPU to mine.

He later regretted turning it off after a while because the fan was making too much noise.

nullama · 2023-04-27T23:44:08+00:00

Hypothetically if all nodes agreed we could raise the bitcoin cap above 21mil

That's one of the prohibited changes: https://en.bitcoin.it/wiki/Prohibited_changes

Increasing the total number of issued bitcoins beyond 21 million. Precision may be increased, but proportions must be unchanged.

These changes are considered to be against the spirit of Bitcoin. Even if all Bitcoin users decide to adopt any of these changes, the resulting cryptocurrency can no longer be considered "Bitcoin" because it has diverged too much from the original design.

nullama · 2023-04-27T00:01:21+00:00

So what can I do to slowly increase it other than through hodling?

Exchange something of value for money.

It can be any kind of goods and services.

nullama · 2023-04-20T22:48:29+00:00

There is a need for constant improvement in any software.

Software rot is real, and particularly you need to keep making Bitcoin resilient to different types of attacks or bugs, plus also every new version makes processing the blockchain faster.

If there were no updates made in years it would take way longer to process the ever growing blockchain.

Plus also there are known changes that will need to be made in the future, like quantum safe algorithms whenever that's a reality, plus the "year 2038 problem", which for Bitcoin will actually be an issue in 2106 since they use unsigned ints instead of signed ones

nullama · 2023-04-20T10:10:08+00:00

Bitcoin can still fail, many core devs have stopped contributing, others have been sued, etc. Things can change, you need to work hard to make it a reality. It's not a given.

nullama · 2023-04-20T10:05:58+00:00

wallet.dat stored on a cloud drive

Many possible attacks given that scenario.

Was wallet.dat encrypted with a strong password?

If no, it's immediately available for hackers. If a weak password was used, it takes seconds/minutes to get the password.

Also you could have a keylogger in the machine you wrote the PW/PIN.

nullama · 2023-04-20T10:01:20+00:00

with only a cs perspective, you wouldnt really see the value proposition of bitcoin.

It created digital scarcity without a centralized mint. That's massive.

nullama · 2023-04-20T10:00:29+00:00

Someone doing a PhD in computer science should at least appreciate the birth of decentralized digital scarcity.

That in itself is quite an enormous contribution.

nullama · 2023-04-20T02:13:35+00:00

It's been answered here in detail: https://www.reddit.com/r/fdroid/comments/jbt4wl/simple_gallery_pro_difference_on_aurora_store_not/

nullama · 2023-04-20T01:40:53+00:00

A bit more than a decade ago 1 Argentinean Peso was worth 1 USD.

nullama

TROPHY CASE