This Is the Easiest Way to SOLO Mine Bitcoin!

[00:00:06]Hey guys, Red Pen Money here. Hope you're doing well, having a really great day this video. All right, I wanted to talk to you guys about Bitcoin mining and trying to hit a Bitcoin block. There has been many different ways, many different methods people have tried to hit a Bitcoin block. And one of the most popular ways is of course Bitcoin mining with maybe something like this or other popular little solo miners such as these, the Canon Avalon Nano 3S or maybe these guys, the Nerd Octaxes or even this Canon Avalon Q, which actually found a block recently. But of course, there are other ways people are also Bitcoin mining or even trying to solo mine. And headphone users, you probably want to lower down your volume right now in 3 2 1. this method of Bitcoin mining or even solo mining at a larger scale.

[00:01:00]Okay, there's plenty of people who are mining like this where they got to deal with heat. They got to deal with the loud noise as you guys can probably hear in the background. And of course, you got to have the power infrastructure and whatnot to be able to Bitcoin mine like this. But not everyone can mine like this. So, what is the alternative for someone who can't mine like this? Well, I want to show you guys a method where you can solo mine Bitcoin or even pool mine Bitcoin without having to go through all of this and that's through Brains hash power. Okay, so hashpower.brains.com.

[00:01:36]I'm going to show you guys here how to utilize this platform to rent out Bitcoin hash rate so that you can solo mine Bitcoin or even pool mine if you wanted to. So about two months ago, someone did find a Bitcoin block on Brains hash power and they rented one Pahaash to hit the block height 938092 block which was 3.1122 Bitcoin. Just insane. So I'm going to showcase to you guys how to use this platform. Thank you to Brains for sponsoring today's video. And as well, we're going to do a $25 six almost six pedash Bitcoin hash rate rental for 2 hours for a lucky winner today. All you guys got to do comment down below which is your preferred way to Bitcoin mine. Is it, you know, mining with smaller miners at home or are you mining at a larger scale, medium to large scale, or do you simply just rent hash rate? Let me know down below and I will choose the winner after about a day after this video is uploaded and someone will get a six pahash rental for 2 hours. Good luck. All right, I will see you guys in the computer. I will show you how Brains hash power works. Okay, so I am on brains.com.

[00:02:50]They also provide a lot of other services, other products called Brains OS, Brains Pool, Brains Toolbox, Brains Manager, Brains Solo. If you wanted to solo mine with your miner to their Brain Solo pool, they have Brains proxy, Brains Forge, and then now they have the Brains hash power, which I want to show you guys today in this video. So, you're going to be presented the homepage here for Brains hash power. They have the market here where you can see, you know, the bid orders and also the asks, the sell orders. If you go click on try your luck, then this is where you can see um how solo mining works and you can actually choose different packages in which depending on how much hash rate you want to rent out. It's going to cost a certain amount of Satoshi's to rent Bitcoin hash rate to try your luck to hit a Bitcoin block. And before I keep on explaining how to use Brains hash power, I just want to have a disclaimer for all of you. renting hash rate to try to solo mine Bitcoin. It's a gamble.

[00:03:48]It's a lottery play. Brains even says here, "Important. Finding a solo block is very rare. Your chance on finding a block is small and most attempts will not find a block. Only spend what you're comfortable losing." So, it's a very low probability of hitting a block. Okay?

[00:04:04]And that's why we all compare this to essentially buying like a lottery ticket. Okay? So, let's begin. I'm going to show you guys how this works. So, we're going to hit sign up and then we're going to create an account. Okay, this is where you're going to enter your email. Now, you're going to want to enter in your Telegram chat ID. So, you're going to need Telegram in order to communicate. Every time you do place an order on Brains Hash Power, you're going to need to confirm the bid. So, you do need Telegram. So, you can click on the get chat ID if you're on your desktop and you have Telegram there. Or you can add the Telegram bot manually by clicking on this link to Brain's official bot. Once you get your chat ID, okay, by simply typing start or/hat ID, you enter in your chat ID and then it'll automatically verify saying successful.

[00:04:51]Now, you can enter in your account name.

[00:04:54]Then you want to hit the check box and hit continue. Now, you're going to get an email to verify your account. So go to your Gmail and it's going to open up to confirm your email. You just need to click that button. Then it's going to come up with store your access tokens securely. Okay. So you want to make sure you do not lose these tokens here.

[00:05:16]You'll want to save these because this is how you're going to be accessing your brains hash power account. Okay. So it's very important that you save the owner access token and you know the readonly access token as well. So this is for readon but the owner access token is essentially your login. I'll show you guys what I mean by that. So just for demonstration purposes I'm just using a notepad to save it. I would highly recommend trying to save it in a like a password manager or just something that you know is a lot more secure. Anyways we're going to hit the check box. I've securely stored my access tokens and understand they won't be shown again. So once you copy it out of somewhere else, you will not be able to access your uh these tokens ever again. Okay? So you got to make sure you have them written down somewhere safely. Hit continue.

[00:06:05]Then we're going to go now to the hash power market. And now we have to log in.

[00:06:12]Okay. So we did already sign up, but now we got to log in by entering your API token, which is going to be that token that we copied. So, the owner token.

[00:06:24]Okay, I'm going to hit copy that, paste it in, paste it in into this right here.

[00:06:28]And then we're going to hit login.

[00:06:31]Now, you can see I am logged in as Red Panda. And so, that will be saved in your browser. Now, we have to send Bitcoin to our account in order to try your luck in, you know, solo mining or pool mining, which I'll show you in a second. All right. So, once you go to account, you're going to want to go to deposit BTC address. So, you're going to want to reveal your address, and it's going to say deposit information.

[00:06:55]Deposit requires three blockchain confirmations before appearing in your balance. So, we're going to hit I understand. So, in order to use Brains Hash Power, you're going to want to send Bitcoin to your receiving deposit address. So, send Bitcoin here and then you will get Bitcoin deposited into your account as a balance. So, I already have an account with Bitcoin in it. And you can see once you have an available balance, you'll see your Satoshi's, your Bitcoin go up in the available balances after three confirmations on the blockchain. So now we can rent hash rate. It's very easy. So there's basically two different ways where you can utilize your Bitcoin to rent hash rate. There is a custom orders way you can do. So there is a tab here at the top left where you can hit orders and you can create a custom bid. Okay, this is where you hit create and then you can create a custom bid here to do a custom order to rent hash rate. Okay, so this would be a little bit more difficult to do. But then the second easier option is going to be the try your luck tab here.

[00:07:57]Okay, so this is where you can already choose the predefined rental hash rate packages and get Bitcoin hash rate this way. So for example, let's do the 10K sats. Okay, so 10,000 Satoshi's as of recordings are worth about $86 and you'll get about a 1.95 pahash rental for 2 hours. So let's click on that. Then you're going to want to enter in your Bitcoin address for the block reward. So I'm just going to load up a Bitcoin address here. And now we're going to confirm the bid. Click on confirm bid. And now it's going to come up in your Telegram that you'll have to confirm this hash power rental. Okay.

[00:08:40]So, you're going to want to make sure you go to your Telegram. It should pop up on your desktop and then you just simply have to click on the link to confirm. You will get a request confirmed like this. It'll open up in a web page. Go back to the brains hash power and you'll see that the solo mining bid has been created successfully. Okay. So now you close this and if you want to look at your hash power that you just rented, go to orders at the top left and you will see the order created under orders. Okay, so it's going to take a couple minutes about 5 minutes to start spooling up.

[00:09:15]Then it's going to already automatically solo mine Bitcoin utilizing Brain's hash power. So it's as easy as that. All right, for the very easy 10k sat order or you can do 30k sats, 50k sats, so on and so forth. The more bitcoin you put up, the more pahash you can rent. You can for $42 you can rent 97.5 pahash for 2 hours. That's uh you'll have a chance 0.123% chance one and 811 chance per block to hit a bitcoin block every I guess 10 minutes. So you have a good uh I think 12 12 blocks in 2 hours. So essentially 12 chances within those two hours uh to hit potentially a bitcoin block if you rented 97.5 pahash for about $42 or 500k sats. All right, so that was the easier method to try your luck in renting the hash rate. Let's go to orders. Let's do a custom bid here. Okay, so I'll just show you guys how this works. If you go to create, okay, and then this is where you're going to want to enter in the price. So, this is where I just click on simply the the last price. This is the easiest way to do it. And then you can use uh it can you can it'll round it up, right? Just a little bit. Then you can go to budget and then you can put in how much Bitcoin you want to spend for this rental. So, for example, 0.001 would be $86 worth. So you can see as you go up, right? $16, right? Let's say uh $30,000 Satoshi's 24 $24.18 worth. So you can see you can edit the budget here. Okay, so let's just do an $8 one for example.

[00:10:56]Then we're going to do speed. Okay, so this is where we're going to enter in an XAash. So obviously if you did one here, um it would give you a duration of 0 minutes because that would be renting one Xahash. You can't do that cuz it's not going to let you. Uh let's try and rent um let's see one uh pahash. Okay, so one pahash if you do 0.001 of an exahash that's going to give you 4.9 hours one pahash rental for $86.

[00:11:29]Okay, if you change the xahash down to two or sorry up to two, it's going to cut that duration in half because you're renting now two paash for 2.4 4 hours.

[00:11:40]Hopefully that makes sense. And if you go up to three, that's three pedash for 1.6 hours and so on and so forth. You can see the duration gets lower and lower as you get more or utilize more and more hash rate. Of course, depending on the cost, it's it's going to lower the duration. But if we up the budget, it's going to go up in the duration. So you guys see how that works, right? The more budget you're providing, more hash rate you're going to want to use, the longer the duration can be. Now, we're going to want to enter in the mining pool URL. So, this is where instead of using tryyou luck where you can just quickly click on the packages, you can actually choose the mining pool of your choice. So, for example, you can enter in like ckpool.org or if you go to mining pool stats and you can see all the different mining pools that are out there. Instead of solo mining, you could even pool mine on any of these pools, okay, if it allows you. Some of them might give an error if the nons is not set correctly. Some of the pools might work, but majority of them, the Bitcoin pools do work. But for this example, I'm going to try solo.kool.org.

[00:12:49]This is the pool information you'll want to enter if you want to solo mine to ckpool.org, for example. Now, you'll want to put in your Bitcoin address or account name if you're going to try to pull mine on like let's say via BTC or some other pool or Powerpool. Those that are email login, they're all accountbased style. So, they're going to be your username of some sort. But with ckpool.org, it's another solo mining pool. So, in this case, I'm going to enter in a Bitcoin address and we're going to solo mine to it. And then I'm going to put a period and we can put in any name that you want. I'm just going to put RPM Bitcoin, right? And so that's just going to be the worker name that shows up on CK poolool. Then that's it.

[00:13:29]Then we're going to hit create bid and it's going to come up. Telegram is going to come up here. You're going to want to confirm it. And it came up right here.

[00:13:37]Okay. As a web page confirmed. Go back to Brains Hash Power. Bid created successfully. Okay. So I'm going to be getting a 4 pahash rental for I think 2 something hours. Okay. With a budget of 20,000 Satoshi's. So, I just placed this order and it's going to now solo mine.

[00:13:56]So, the one that we did previously with try your luck, you can see here that it's it's solo mining using brains uh solo pool. Okay. But on my custom order one, we are going to uh ckpool.org.

[00:14:10]So, this is where you're going to want to then if you copy your Bitcoin address, you go to ckpool.org or in terms of its statistics. You can search it in there and it's going to slowly start coming up in terms of the um the hash rate. So, give it a couple minutes here. It's going to start spooling up.

[00:14:28]But if we look at the other address here that we did with try your luck, you can see if you click on the order specifically just the the bid ID. Okay, if you click on the bid ID, you can actually go to best result and since it's already starting, you can see here it's already getting hash rate. you can actually see the best share. All right.

[00:14:48]And so, or well, your Bitcoin address will show that if you hit a block, you'll see the Bitcoin in there, of course. But it's cool that you can go to solo.brains.com.

[00:14:58]All right. This is their their solo mining pool and you can enter in your Bitcoin address and you can see it going and yeah, you can see the information how much hash rate it's it's it's going to utilize. So, pretty cool, right? So, there you guys go. That's how you utilize Brain's hash power here to rent hash rate to either solo mine Bitcoin or pool mine Bitcoin if you wanted to. But I think majority of people are solo mining, right? They're trying their luck because they're renting a lot of effective hash rate compared to let's say, you know, for for myself, I have a Nerd QX++ that's only six terraash. It's nothing compared to a two pahash, which is, you know, I don't know how many times more that is, but it's a lot more effective hash rate than a little bitcoin miner like this. But so you guys are going to say, red panda, what's the difference between, you know, buying a $300, $400, you know, crypto miner, solo minor versus renting hash rate? Well, yeah, there's a couple big differences here, right? If you're buying a physical, you know, solo miner, let's say, for example, Hammer miner BC04, you get to keep it, right? It's yours.

[00:16:09]It's physically yours and you're mining sovereignly by yourself at home. And essentially, you're playing the lottery every 10 minutes. And so then when you're, you know, renting hash rate from Brains Hash Power, you're only getting, depending how much you're spending, right, you only get a certain amount of time for that hash rate. So if you hit a block then you hit a block but if you don't hit a block then obviously you get nothing. So obviously there's a risk involved here. It's a gamble right gambling money to you know try to win big right hitting a you know 3.125 plus transaction fees block. And that's the lottery play regarding this. It's just another form of trying to solo mine Bitcoin by gambling your Bitcoin to try to hit a Bitcoin block, right? versus, you know, maybe spending a couple hundred bucks. Maybe somebody doesn't want to spend a couple hundred bucks.

[00:17:00]Maybe somebody only wants to spend, you know, eight bucks, you know, to try their luck like like this person did with one pedash two months ago. He spent, I think, eight bucks and he got a 3.1122 Bitcoin block, which is incredible, right? He he tried his luck and he won big, right? So it's not everyone is going to you know hit a block but um your chances is I would say because you have more effective hash rate obviously your chances is a lot higher right versus you know a 6 terraash model with 6 terraash is way way lower your chances are way lower versus renting hash rate that's the trade-off right versus you know buying a minor like this you're not you don't get to have the physical hardware versus getting a lot more hash rate. Okay, my friends, that's it for this video. Let me know if that helped you. Thank you to Brains Hashire for sponsoring today's video. Again, don't forget to comment down below which way do you guys prefer solo mining? Is it, you know, buying a little miner like this or large scale mining or simply renting hash rate to try your luck on hitting a block? Let me know down below.

[00:18:08]I'll choose the winner in about a day and I'll reply to your comment if you have one. All right, I'll see you all in the next video. If you guys are interested in using Brain's hash power, link down below. Hit that like button, subscribe, and I'll see you all in the next video. Have a good one. Peace out.

[00:18:23]Peace out.

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