When playing baseball, a home run requires the batter to hit a fair ball that travels over the outfield fence, allowing the batter to scale the bases unopposed. It is only possible to score a home run because the players, referees, and spectators all agree on the parameters that define it. If one team believed […]
It is important to thoroughly understand the dynamics of each available blockchain coin prior to committing resources to any particular one. This guide offers a concise yet comprehensive look at the prospects for 11 blockchain coins that may be well-suited for home mining, whether in a group pool or “lottery” style solo mining; and which […]
The term ‘pool mining’ may be perplexing for novice miners, as it encompasses both group and solo mining, even though solo miners operate independently. This confusion arises because both solo and group miners require a method to connect to the blockchain for mining purposes; the pool serves as the intermediary that enables this connection. Mining […]
Before diving in, here’s a quick snapshot of what you’ll learn: Bitcoin mining began as a weekend tinkering project for “garage miners” using CPUs and GPUs, but the rise of ASICs and huge institutional farms squeezed out home operations. In response, “lottery mining” emerged—a high-risk, high-reward form of solo mining where enthusiasts deploy low-cost devices […]
This beginner’s guide explains cryptocurrency wallets, how they work, and why they matter for solo miners, aka “lottery” miners. You’ll learn about different wallet types—hot vs. cold, hardware vs. software, custodial vs. non-custodial—and explore a few real-world wallets like MetaMask, Coinbase Wallet, Ledger Nano X, and Trezor Model T. We’ll cover the pros and cons […]
What are “valid” shares, how do they differ from “rejected” shares, and how can miners maximize the number of valid shares they achieve in crypto mining? What is a “Share” in Cryptocurrency Mining? In crypto mining, a “share” is earned each time your miner solves a portion of the complex mathematical problem that must be […]
Bitaxe Mining is revolutionizing the Bitcoin world by giving small miners a chance at massive wins. The thinking behind Bitaxe is simple: it empowers hobbyists to compete with industrial miners using affordable, energy-efficient hardware. The Bitaxe was invented in early 2023 by an electrical engineer, and Bitcoin enthusiast, named Skot. His work involved deconstructing Bitmain’s […]
Solo lottery mining is becoming increasingly popular among individual cryptocurrency enthusiasts who seek big rewards without competing in high-powered mining farms. Network difficulty is the primary measure of how challenging it is to find a new block in a blockchain. The underlying principle of network difficulty is rooted in the proof-of-work (PoW) consensus algorithm, which […]
Network difficulty is a fundamental concept in the realm of cryptocurrency mining, serving as a measure of how challenging it is to find a new block in a blockchain. This metric Mining Difficulty is crucial for maintaining the stability and security of a cryptocurrency network. Essentially, network difficulty adjusts the rate at which new blocks […]
Here are five elements of maintenance that will keep your bitaxe solo miner running, and performing, smoothly for years to come. For tips on how to enhance performance by modifying your Bitaxe, check out Modding Your Bitaxe. 1: Dusting Dust accumulation is an insidious enemy of Bitcoin miners, often overlooked until it manifests as overheating or […]