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 […]
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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 […]
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