If you are lottery mining using DATUM, you aren't connecting to anyone else, just your own stratum server hosted on your node via DATUM. Your node, of course, is connected to its peers on the Bitcoin network, and they gossip about what transactions are waiting to be added to blocks. That's how your node knows what transactions are waiting, even if they were submitted by someone half the world away.
Now, the downside of this, as with any lottery mining, is that you don't get anything if your Bitaxe never finds a block. I am not someone who can crunch the numbers on that likelihood, but I seem to remember someone saying that if all you have is a BitAxe, you will find a block on average once every 30,000 years at the current network difficulty, and you are just praying that you will get exceptionally lucky and have it happen in the portion of that 30,000 years that overlaps with your lifespan. 😂
Another way of saying it is, if you have 30,000 BitAxes, then your chances are pretty good that one of them will find a block each year. You might go a few years without any of them finding a block, while you find two or three blocks another year, but it will average out to about 1 block a year.
When you are connecting to OCEAN through DATUM, you are no longer lottery mining. The downside of this is, if you find a block, you have to share the rewards with all the other miners in the pool. But the upside is, you will get rewards for your small contribution to trying to find a block, even when it is someone else in the pool who found it. And because OCEAN has Lightning payouts, you can get paid directly to your Lightning wallet via a BOLT-12 invoice each and every time the pool finds a block, with no need to wait to build up enough sats owed to you for an on-chain UTXO.
So it's the difference between having a chance at a MASSIVE payout, that probably will never come, vs getting exceptionally small payouts virtually every day.
Either way, though, if you are a noderunner already, and you want to do some home-mining, I don't see any good reason not to use DATUM and either lottery mine on your own, or connect to OCEAN for pooled mining.
Dikaios1517
npub1ku…v3lhe
2025-04-04 03:54:46
in reply to nevent1q…crqk
Author Public Key
npub1kun5628raxpm7usdkj62z2337hr77f3ryrg9cf0vjpyf4jvk9r9smv3lhePublished at
2025-04-04 03:54:46Event JSON
{
"id": "b1e249041955c7cf68cb007ee5b06f643418cb39dd86a386fe84f39c13101755",
"pubkey": "b7274d28e3e983bf720db4b4a12a31f5c7ef262320d05c25ec90489ac99628cb",
"created_at": 1743738886,
"kind": 1,
"tags": [
[
"e",
"ca5c25daeb205814a16798f54322efa74121bf87aa4c53cfd2ad14410ea04df0",
"wss://relay.nostr.band/",
"root",
"a10260a2aa2f092d85e2c0b82e95eac5f8c60ea19c68e4898719b58ccaa23e3e"
],
[
"e",
"a0b8be126414957d5eb2099d5ac7c2ce7b94c32f4e864ad7996a4f06bbc293fa",
"wss://relay.primal.net/",
"reply",
"a10260a2aa2f092d85e2c0b82e95eac5f8c60ea19c68e4898719b58ccaa23e3e"
],
[
"p",
"a10260a2aa2f092d85e2c0b82e95eac5f8c60ea19c68e4898719b58ccaa23e3e"
]
],
"content": "If you are lottery mining using DATUM, you aren't connecting to anyone else, just your own stratum server hosted on your node via DATUM. Your node, of course, is connected to its peers on the Bitcoin network, and they gossip about what transactions are waiting to be added to blocks. That's how your node knows what transactions are waiting, even if they were submitted by someone half the world away.\n\nNow, the downside of this, as with any lottery mining, is that you don't get anything if your Bitaxe never finds a block. I am not someone who can crunch the numbers on that likelihood, but I seem to remember someone saying that if all you have is a BitAxe, you will find a block on average once every 30,000 years at the current network difficulty, and you are just praying that you will get exceptionally lucky and have it happen in the portion of that 30,000 years that overlaps with your lifespan. 😂\n\nAnother way of saying it is, if you have 30,000 BitAxes, then your chances are pretty good that one of them will find a block each year. You might go a few years without any of them finding a block, while you find two or three blocks another year, but it will average out to about 1 block a year.\n\nWhen you are connecting to OCEAN through DATUM, you are no longer lottery mining. The downside of this is, if you find a block, you have to share the rewards with all the other miners in the pool. But the upside is, you will get rewards for your small contribution to trying to find a block, even when it is someone else in the pool who found it. And because OCEAN has Lightning payouts, you can get paid directly to your Lightning wallet via a BOLT-12 invoice each and every time the pool finds a block, with no need to wait to build up enough sats owed to you for an on-chain UTXO.\n\nSo it's the difference between having a chance at a MASSIVE payout, that probably will never come, vs getting exceptionally small payouts virtually every day.\n\nEither way, though, if you are a noderunner already, and you want to do some home-mining, I don't see any good reason not to use DATUM and either lottery mine on your own, or connect to OCEAN for pooled mining.",
"sig": "73bcda3bd8e83cdb9039a21bc7c091fd2e42788347d3c081b10cc12571d635326da290f4b54714c7db197e4ad9b53b8292e26880b282961392cd3f3d2f9bc727"
}