2024-12-06

Why do I need Solo Miner

Why do I need Solo Miner, first we need to know what is Bitcoin Mining, and what is the difference between Solo Mining and Pool Mining.

What is Bitcoin Mining

  • Bitcoin mining is the process of adding new transactions to the blockchain, a public ledger of all Bitcoin transactions.
  • This is done by using powerful computers to solve complex mathematical problems that verify the authenticity of the transactions and add them to the blockchain.
  • Miners are rewarded with newly created bitcoins for their efforts, known as a “block”. A block reward is currently 3.125 BTC plus the transaction fees , which values approximately $300,000 now!
  • The process of obtaining blocks is completely random, which ensures that even devices with small hashrate still have the possibility of solving problems and win a block.

The difference between Solo mining and Pool mining

Solo Mining

Solo mining refers to the process of an individual miner attempting to solve a block on their own. This means that they are solely responsible for finding a solution to the complex mathematical problem that is required to add a block to the blockchain. If successful, the miner is awarded the entire block reward.

Pool Mining

  • Pool mining, on the other hand, involves multiple miners combining their computational power to solve a block together, the Pool will records every miners contribute, which is the well known share.
  • When a block is solved, the reward is divided among the contributing miners according to their shares of the total computational power. Pool mining offers a more consistent payout, but the reward is typically smaller than what a successful solo miner would receive. The Pool mining, the greater the computing power, the more rewards you can receive, it’s will ignore the lucky of the miner. It’s a mode where the winner is always strong. So, if you want earn lots of revenue from the Pool mining, you need lots of very large, noisy, power-hungry miners.
  • Comparing these two models, the solo mining can potentially result in a larger reward if successful, but it’s much more difficult and less predictable than pool mining. The Solo mining is more like the bit lottery, giving everyone the chance to win the big prize.
  • As long as you’re lucky enough, you’re the winner.

How BTC Lottery works

  • Solo mining also called lottery mining, it’s strips everything back to basics, just as the Bitcoin was first born.
  • The BTC lottery is quietness, low power consumption, very small size, easy to use, suitable for various beginners and novices. And it’s power consumption is less than 1w, and annual power consumption of less than 10 kWh.
  • The drawing mechanism of BTC lottery, with a chance to draw ervery ten minutes, 144 times a day, 52560 times a year. Once purchased, it’s lifetime lottery.
  • The BTC lottery is High reward, each winning can get 3.125 BTC reward (currently worth about $300,000 in the market）. If electricity costs are not taken into account, this is a considerable reward.
  • Solo Mining is the original intention of the BTC.
  • Solo Mining refers to you mine Bitcoin by yourself, using your own mining hardware.
  • Through solo mining, you contribute to the decentralization of the Bitcoin network. Decentralization is a core ethos of Bitcoin, making the network more secure and resilient against attacks.
  • So, running your hardware, and start solo mining, you should knowing you are contributing to the Bitcoin network’s integrity and safety. That’s very cool!
  • If you are the choose one, you may win the Block soon.
  • If won’t win a Block, you are still contributing to maintaining the spirit of BTC.
  • So, join the Solo Mining, That’s incredibly cool!

What do I need to start Solo Mining

Easy lottery tickets —— NMMiner

Now, join the Solo Mining is very easy, you just need a NMMiner Inside Hardware is ok.

Currently the NMMiner support the ESP32-D0 and ESP32-S3 MCU board. With this board, you just need a USB power port and a wireless WiFi Network. There’s no need for additional computing devices such as PCs, tablets, etc.

The NMMiner maximized the performance of the ESP32 MCUs.

  • With a ESP32-D0 board, you will get 93KH/s hashrate, no longer limited to 55KH/s.

  • With a ESP32-S3 board, you will get 117~120KH/s hashrate, no longer limited to 77KH/s.

Moreover, the most crucial thing is that the cost of solo mining is very low. If you turning off the screen or your hardware do not have a screen, the power consumption is less than 1W, it can almost ignored. If you have renewable energy related to solar engergy, you can imagine how cool the thing you are doing.

More higher probability Lottery —— NMAxe

The NMAxe is a Optimization device, which is based on the Bitaxe project. The NMAxe is designed for solo Lottery, it’s a ASIC Miner with BM1366. With a NMAxe, you just need WiFi and a 12V power supply with at least 2A or a common USB-PD at least 12V/1.5A or 9V/2A.

The NMAxe Hashrate can reach 500GH/s, which means the probability of winning the BTC for one NMAxe is over 4 million times than one NMMiner device.

Why I need a Solo Miner?

Buy hope at a very low cost!
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