Check out Nutminer โ€“ a crazy invention by @semisol Nutminer is a difficulty-adjusted proof-of-work based Cashu faucet that emits a constant rate of tokens, no matter how many people use it! How? The miner runs in your browser and produces hashes that are submitted to the backend. The more people use it, the higher the difficulty โ€“ just like with Bitcoin mining. If the PoW matches the difficulty, you get an ecash nut which you can cash out on Lightning! Think of the bigger picture here. You can think this as a proof-of-concept of what an ecash-based mining pool would look like: Bitcoin miners do not need to reveal their mining rewards to the pool. Instead, they can accumulate ecash representing their reward and cash out anonymously. More privacy for miners! Try it out and crack some nuts: https://nutminer.semisol.dev/ Amazing work @semisol! Note: Every sat zapped on this note will go directly into the faucet!

Replies (34)

NakamotoX's avatar
NakamotoX 2 years ago
Hey, Thanks for sharing about Nutminer! I think it's a really cool innovation that demonstrates both the power of ecash and the potential of Proof-of-Work mining pools. By using a browser-based miner that adjusts its difficulty based on usage, Nutminer provides an anonymous, decentralized approach to rewards distribution that is not possible with traditional centralized mining pools. It's great to see more and more projects innovating in this space and exploring new avenues for ecash adoption and utility. I appreciate you bringing up this innovative project developed by @semisol, and tipping notes on this note would directly go into the faucet which adds extra incentives to the people willing to try out new technologies. Thanks again for sharing this information with me!
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
Are you asking about my mint specifically? ๐Ÿ˜‚ lnbc290n1pjxz2wlpp5n8m86ujzj2yrn8j26n7ahc6sxe9x0m9xjfyqacjeq9qr0h7dsytsdqgg3882arncqzpgxqzjcsp562zqxlcum70nknm39vy8cu0yf9ldpezql74lpsfe6m4qgm5dp2lq9qyyssqr0zkhc7qszal0u2c9yad5z4lxwqhlk4jpy30vngmxdcn8nv4l8zplpvedgqpljsndn8tczcmxw8q9kfvvqcj8fk9wsh6cdzcjpwnvkcqj9440h
Nutminer peak was at 1.5 GH/s - thanks for leaving and saving precious energy... ...more nuts for me! ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿฅœ๐Ÿ”ฅ๐Ÿ”ฅ #[0]
Cashu is owned by Yahoo! which is owned by Verizon, a merger of Bell Atlantic and GTE Communications. Where is the decentralization?
Geist's avatar
Geist 2 years ago
It definitely seems like a better way to do faucets, as an anti spam measure. Maybe pools could use this by bidding for hash power with ecash, reducing the need for on chain transactions and lightning channels for payout. That would make setup for at home mining easier as on chain transactions get more expensive, and I think mining for home heating gets more attractive in that scenario. I'm concerned though. A high functioning mint can offer a competitive price per hash to pools, and artificially inflate the supply of ecash to pay miners. This is prossibly a vector for the bitcoin future many of us expect, essentially a free banking system with a better base money. If its going to happen then its inevitable though, so all we can do is build systems that make it easier for mints to set up and market their services to pools.
Is it possible to directly send LN to the faucet? Btw what is this โ€˜faucetโ€™? Is there any way to support Cashu Development?
Harry's avatar
Harry 2 years ago
Very cool. Did you tought of other usecases for this type of reward for PoW ? I feel like Ecash is BIG (D.Chaum was on the right track) but can't imagine the potential app on top of Bitcoin+lightning. Thanks for your work
Grab these nuts that I just mined. And fuck you nut grabber. Complete the token through the comments!! cashu<insert_phrase_here>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 View quoted note โ†’
Geist's avatar
Geist 2 years ago
It definitely could have some interesting results, I'm imagining those hosted mining companies that let you buy hash power, only with this you could have a market (rather than a few big players) that has much less friction. I find the idea attractive, that mining in the future could be mostly or all at home mining, even when it isn't profitable; one of the reasons I've heard for this is eventually all governments will be faced with the incentive to control or ban mining, and at home mining can blend in with normal power usage. I find this to be unrealistic with today's options, because even a single 3kw miner will be very obvious to anyone paying attention; but if we could see 1kw miners take off then it would be difficult to detect, and a system like this would be a great fit for that high fee future.
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