Hi there, so I received my tax return and purchased some bitcoins to solo mine with.
I'm looking for anyone who would like to join me in this venture. ( open to anyone in the world except residents of N.Y., sorry but I live in the U.S.A. and don't want to open a can of worms, nothing personal )
I will be renting 777TH from nicehash and mining on solo.ckpool.org (with that being said, the next adjustment should happen during this run, and if the difficulty increases by 10% for example then I will increase the hashrate accordingly. Unless the difficulty drops, in which case it will remain at 777TH until we find a block and stop hashing or run out of coin.)
**hashing may or may not stop, and/or be reduced periodically depending on asshats that like to outbid everyone paying upwards of 200% to 300% expected return, and those decisions will be left up to me as far as what I'm willing to bid to keep the hashrate as close to the target as possible, and may or may not also include adjusting hashrate below the target of 777TH or to a complete halt periocially depending on when and if the asshats arrive, but will resume to target hashrate levels once the asshats run out of coins**
I will be contributing 29.5 BTC towards the group.
Minimum amount to join will be 0.1 BTC
I will be running this group a little different than other groups that have joined together in the past, in that if/when a block is found mining will be stopped and remaining coins plus generated coins from the block found will be paid out according to your percentage based on how much you contributed. Assuming a block is found and it is not orphaned of course, and after it has matured.
ORPHANS Will NOT be paid out.
For example:
My contribution: 29.5btc
User a: 0.25btc
User b: 1btc
User c: 0.75 BTC
For a total of 31.5btc
Now in this example, let's say we get lucky and after spending 10btc we find a block worth 25 btc, I then cancel the rental leaving 21.5btc left over from contributions plus 25btc from the block we found for a total of 46.5btc that I would pay out to each user according to their percentage based upon their contribution.
Share percentage from example above:
My share: 93.66%
User a: 0.79%
User b: 3.17%
User c: 2.38%
Payout according to example above:
46.5btc minus 0.1 donation to ckpool= 46.4btc to be paid out
My reward:43.46btc
User a: .367btc
User b: 1.47btc
User c: 1.1btc
With that said, I am human and do work, so during the day hours, if a block is found the hashing may run until I have a break and see that a block was found, and I also sleep at night so if a block is found while I'm sleeping then the mining will continue until I wake up, see a block was found and cancel the rental.
At any rate, the mining will commence no later than Friday, february 27th at 7 pm PST, regardless of how many coins are raised, if any.
And I do reserve the right to start it anytime between now and then if I feel enough coins have been raised.
29.5BTC should be enough to find a block although it's obviously not a guarantee which is why I'm looking for people to join with me and increase the odds of at least getting a return on our investment and hopefully a great return.
To join, the minimum amount is 0.1and there is no maximum entry fee.
Last but not least, I will be donating 0.1btc to solo.ckpool which will be taken out before calculating payouts.
Thanks
