The NerdMiner is a fun lottery miner open source project which was developed by BitMaker. Choose between enclosure only, a DIY Kit containing everything you need for the build, or a preassembled and ready to go NerdMiner. A part of profit will got to BitMaker to support future projects.
- It will take a few days until your order will be shipped.
- A part of profit will go to BitMaker to support future projects.
Setup Instructions can be found at BitMaker’s GitHub: https://github.com/BitMaker-hub/NerdMiner_v2
Video Instructions by BitMaker in spanish. Check out his Youtube channel as well.
“Lottery mining” explained:
A lottery miner competes with other Bitcoin network participants to find a specific numerical value, called a hash, that meets certain criteria as set by the Bitcoin protocol. This hash is necessary to verify and process Bitcoin transactions. In order to participate in the mining process, a miner usually needs to invest in specialized and expensive computer hardware such as ASIC Miners, which are designed to guess the needed hash as quickly and efficiently as possible.
However, since many miners compete to find the same hash, it becomes like a lottery. The chances of winning the reward are proportional to the miner’s computational power or hash rate. The higher the hash rate, the more likely a miner is to find the block and win the reward. Especially with the small amount of hashrate this NerdMiner provides, it is like buying a lottery ticket. The more tickets you buy, the higher your chances of winning.