Topic: Anyone solo mining alt coins? - page 2. (Read 1107 times)

Exactly thank you man i agree 100% and it is definitely great learning experience and alot of us just do this as a fun hobby and finding your first solo block is a experience everyone should experience, and also if people try it and it doesnt work for them im sure theyll just stop there not gonna keep mining at a loss for long so whats it gonna hurt

also quick question for you were do you get your info to help decide which coins you might try mining ?

you just shouldnt go around telliung people things that are not true, yes to an extent it is true but i have one gtx970 and i solo mine pxc mostly and i have rarly had a day go by that i did not make more mining it then i could have mining(pool) the most profitable coin with the same power

yes sir with one gtx970  is all i have so for people sayimg solo is not worth it i just think thats not true trust me i wouldnt be trying to mine ether or nothing like that but believe me when i say i make alot more just mining pxc solo then i would ever make mining anything in a pool with my card

I am mining 2 - 3 blocks a day, best was 7 blocks at one day, but got them with a luck of under 20 % each.
Other coins are not such profitable like ethereum at time.
Got a private multipool with Ethereum, Ethereum Classic, Expanse with autoswitching between coins.
I am only mining the "big 3" DaggerHashimoto coins, but in fact only ethereum, based on profitablity.

I do solo mining with old coins (many times).
The main purpose of mining is solving blocks. When most people think a new coin is better for solo mining equal to the new coin would have a ton of miner. And it will be unprofitable for solo mining.

Remember: Fewer miners = Low Network Hashrate = Low difficulty = You will solving more block = More profit

So, Network Hashrate would be the first thing to be considered.

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Sometimes people will forget the old coins, especially the new miners, it will be an advantage for us, right? Back to "Remember" point above.
Calculate these few things to get the most profitable coin for solo mining, Network Hashrate, Difficulty, Block Reward (how many coins you get every time you solve a block), don't forget about block time, and the last thing that needs to check is coin price. and You are ready for Solo Mining! 

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With the right calculations, Solo Mining truly different with the lottery.
Same as you, I didn't recommend for a un-experience miner to do solo mining.

OP - If you want to do it, just learn how to do it, and go for Solo Mining. You'll get a ton experience.

I would not recommend you to do it. Solo mining can be used only by those who believe in the opportunity to win the lottery. Now the profit margin of many coins has decreased to the minimum level. This is assuming that you will use the services of pools. The profit margin of solo mining will have a negative indicator. Are you ready to work at a loss?

Solo mining is profitable only for fresh coins and it last shortly. In case you have few hundred cards you coul solo mine literally anything and still have regular payouts

Holly cow! Are you mining solo for all of this?

You are the man! 
How many blocks solved each day by the way? Am curious to compare with pooled mining estimation.
Have you tried other Ethash coins? Music coin maybe?

Of Course.
I am mining Ethereum Solo with 31,5 GH/s from 900 GPUs

For new altcoins, this can be done, but essentially it does not have any economic sense. If mining in the pool is possible, then it is better to use the pool. In general, it is better to mine liquid currencies  and buy the liked altcoins.

here are some pics
https://imgur.com/k5Bv5ce
https://imgur.com/UshXUVX
https://imgur.com/COqkE9A
https://imgur.com/oSGqHG8
https://imgur.com/BWbsstX

if your using ccminer thats what the server=1 in the conf file does is make your qt wallet client automatically be were the rewards get sent thats why it has to be running both together and in nsg miner you add your address in the bat --coinbase-addr Po8YFga1Jbjz******CCTWXesU18Z thats were rewards get sent
as for the second question im not entirly sure but i believe in solo mining everybody is just racing to solve the block the fastest untill it tells the client that that block has been found then everybody just goes at the next block but i could be wrong there is no shares in solo because all shares are for in pool mining is a way to judge how much work u put in to solving the current block to determin how much you get rewarded in proportion to all other miners but that could be wrong too im not 100% possitive to say thats how it works for sure and the little yay it says everytime you find a share pool mining with ccminer it does that when u find a block solo mining and nsgminer says found block for pool 0 when u find one not the new block detected that means someone else found one but not you personally and dont worry about tipping me i just put that there because there really isnt much solo mining info out there and i figured someone might stumble apon this and get themself going and throw a few bucks my way you never know i probably would have because it took me some time to get running and im sure u understand also looking for info on it

No problem on the timing.   The information was worth the wait.

Interestingly, before asking my questions a few days back, I hadn't found anything on solo mining. I think primarily because I was only looking at posts, articles, videos, etc. from the past couple of years.  My rationale was that anything crypto-related before a few years ago was going to be too ancient, but when I did expand my searches back, I did find information similar to what you provided but I really couldn't trust it completely because of its age. 

I appreciate the more up-to-date information that you provided as I piece it all together; the moment that I have something to tip with, I certainly will!

In the meantime, I have 2 questions:

1. If you solve a block, how do the coin gods know where to send the block reward?  i.e., where does the wallet come into play in all of this?

and

2.  A conceptual question.  In pool mining, I understand that the pool tells the miner what to mine i.e., the nonce.  In solo mining does the miner decide the sequence to mine?  Or is it random within the program?  Like if 2 miners start mining with the same setup, will they be trying to solve the exact same thing?  Or can I mine whatever set of numbers I want?  I'm sure I have a conceptual misunderstanding here.  Can you clear this one up for me.  Thanks.

I do solo mining since 2015. With and without Hardware.
With hardware, I do solo mining to QT Wallet, and technical explanation has posted above. This way worked for new coins.

Without hardware, I create private pool then renting hashrate from Nicehash. I do this for old coins (mostly need more hashrate). Calculate profitability for its coins, then go for solo mining.

hey i was looking at your sig what is that mkt coin i noticed alot of people were mining it on bsod now not so much but i never heard of the coin whats it about

definetly 100% i do and if i had your power i would be trying for the good coins not the ones i can mine hopefully my quick explanation to the op can help but feel free to ask questions and ill help if i can

ok first sorry for not getting back to you sooner and let me see if i can help so basically to answer the first question like the other guy said ccminer works for most everything besides ethash and eqihash algorithims the version i use personally is ccminer-x64-2.2.4-cuda9 because i had problems getting some of the others to work but that one has been solid for me the only time i use a different program is when i use nsgminer-win64-0.9.4 to mine ufo because something about its core makes it not work with ccminer i have used it to mine some of the samew coins i mine with ccminer but i swear it seems like i never find blocks using this program with the exception of the 2 ufo blocks i hit 40 minutes apart the first time i tried it but havent hit nothing since
first of you have to make a conf file in the coins folder located in C:\Users\yourpcname\AppData\Roaming so say for phoenixcoin i use this right here just make new text file in folder paste this

rpcuser =mat420 (change this to your username same as used in the bat to launch)
rpcpassword = x  
rpcallowip = 127.0.0.1
rpcallowip = localhost
rpcport = 9554
daemon = 1
server = 1
gen = 0
maxconnections = 64
dns = 1
checkpoints = 1
listen = 1
dnsseed = 1
banscore = 50
bantime = 14400
addnode=prometheus.phoenixcoin.org:9555
addnode=menoetius.phoenixcoin.org:9555
addnode=atlas.phoenixcoin.org:9555

then rename the txt phoenixcoin.conf
now for the bat this is what i use
add a new txt file in the miner folder that u use and copy this changing the username to exactly what u used in conf file same with password then rename pxc_solo.bat or something u choose

setx GPU_FORCE_64BIT_PTR 0
setx GPU_MAX_HEAP_SIZE 100
setx GPU_USE_SYNC_OBJECTS 1
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_SINGLE_ALLOC_PERCENT 100
ccminer-x64.exe -a neoscrypt -i 22 -o http://127.0.0.1:9554 -u mat420 -p x

assuming you were using same ccminer as me and this is for nvidia cards i basically use this as a template for anything im trying to  solo mine changing the algo if nessasary and the rpcport to match what is used and matches what is in the conf for nsgminer this is my bat

nsgminer --neoscrypt -w 128 -I 18 -o http://127.0.0.1:9554 -u mat420 -p x --no-getwork --no-stratum --verbose --text-only --coinbase-addr your coin address  

that would be to mine phoenix with it this is also on windows 10 and technically poenixcoin.conf file is in the same folder as the qt but normally it is where i said first and this should go without saying you need the qt running and the blockchain fully sync before u can  solo mine
and if this helped you out feel free to tip me a beer if not no worries
BTC 1FNruRuDCapGhWQdUoX1nokTTSanfDjcim

I mine solo from time to time, it can be very profitable sometimes when new coin is launched.

Would you say that solo mining have been more profitable than pool? I have 72 x 1070ti and I would be very curious to try it. But I have no clue how to... I would really appreciate if you could give me some more information. Thanks!