Gm nostr Great day to join the next block party This pop up auction ends in < 20 mins You can be the first bidder and get a bargain https://upendo.rigly.io/auctions/1a-21-ths-block-party-517-1C49418A

#Bitcoin mining block party starts in 90 minutes You could be the 100th person to join! Telegram:

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Rigly Community

Block party: https://upendo.rigly.io

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Upendo #bitcoin mining block party starts tomorrow (Saturday) at 16:00 UTC Join us to make mining a cooperative game. Buy hashrate to join from just 15 sats (1 TH/s) Or: Bring Your Own Miner (BYOM) and send your hash to ckpool: solo.ckpool.org:3333 username: 3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH https://solo.ckpool.org/users/3Gk1GfP3bHA6M2ZzK5mHdqbWN1iNsqAenH If we mine a block, reward is split by hashrate contribution. Join us! https://upendo.rigly.io #hashparty #hashathon #upendo #bitcoin #mining

The thing that is immediately obvious after you read Meditations on Moloch is how bitcoin mining is (for now) a multipolar trap.

Zaps for #bitcoin mining block party Now you can direct buy 8 TH/s for this Saturday's mining party Just 120 sats to potentially win (via mining) 21x that Great price! I'll zap 121 sats to everyone who reposts in the next 21 minutes https://upendo.rigly.io

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Morning Nostr.

Morning Nostr Meditation on Moloch is the best essay you'll read on bitcoin mining.

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Meditations On Moloch

I. Allen Ginsberg&#8217;s famous poem on Moloch:What sphinx of cement and aluminum bashed open their skulls and ate up their brains and imagination...

Morning Nostr 👋

Watching the world transform

Just posted a new round of block party auctions https://upendo.rigly.io Opening bid is 100 sats Good price I'll zap the next 3 people who want to try solo mining w/ our crew

Morning

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 feedback loop between bidders and block party size...the more bidders, the more hashrate, which attracted more bidders. And so, to amplify the feedback loop, the bid amount *over* the cost of hashrate pays for "bonus" hashrate - extra hashrate that increases the odds for the whole party. The idea is to leverage the FOMO Energy of block party'ers to biggify the party. This bonus hashrate feedback loop has played out in every block party since then. It's like a flywheel. Or maybe a plebwheel? The block party is a way to grab some hashrate (otherwise pointed to centralized pools) and solo mine with it, as a group. Next up is to figure out a feedback loop to incentivize people telling friends (and their friends, and their friends) about Upendo 📈 And then we may finally get enough hash to mine a block.. Happy Friday, thanks for reading. - Background:

Bitcoin Mining Lotto / Blockparty 2024

Bitcoin Mining Lotto / Blockparty 2024

- Upendo: https://upendo.rigly.io

Gm nostr It's a good day to have a good day