Gm nostr 👋
21 more block party auctions added ⛏️
Bidding for hashrate starts at 100 sats
Me and Team @Rigly are trying to mine a block on Saturday.
Party is up to 66 PH/s so far
The arms race aspect of #bitcoin mining: a bug or a feature?
The more miners compete with each other, the more network difficulty goes up and the less they make.
If miners could cooperate at scale, they would all benefit from lower network difficulty. But this is a hard problem!
Does bitcoin solve cooperation at scale?