Rigly
6d ago
The next #BlockParty is coming up on the 26th! 🗓️ ⏳
Evan Baer
•
1w ago
Background on the Upendo block party:
I first saw the idea of a block party on bitcointalk [below]
Willi on bitcointalk organized the party, a bunch of folks sent him bitcoin, and he rented a bunch of hashrate and they all solo mined together - they found several blocks back in the day.
@Rigly was built to sell hashrate at auction - and so, I figured, let's try a block party auction.
What happened next was interesting
- To start, bids were low (way under the cost of hashrate)
- As hashrate went up, so did the bids
Once the party was mining, bids to join were 3x over the cost of hashrate - totally nuts.
Thus the idea of bonus hashrate...
Putting on my Systems Thinking Hat, I saw there was a
I first saw the idea of a block party on bitcointalk [below]
Willi on bitcointalk organized the party, a bunch of folks sent him bitcoin, and he rented a bunch of hashrate and they all solo mined together - they found several blocks back in the day.
@Rigly was built to sell hashrate at auction - and so, I figured, let's try a block party auction.
What happened next was interesting
- To start, bids were low (way under the cost of hashrate)
- As hashrate went up, so did the bids
Once the party was mining, bids to join were 3x over the cost of hashrate - totally nuts.
Thus the idea of bonus hashrate...
Putting on my Systems Thinking Hat, I saw there was a
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Replies
Thomas
@besserboerse
6d ago
Love those Minions! 💛
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Satoshiii
@Satoshiii
6d ago
🫡❤️🔥🙌
LFG🗣️
LFG🗣️
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