Well I gave it a run by myself, started with 7btc and found four blocks using this method. Unfortunately a run of bad luck lost all my earnings.
The thing I've learned about renting hashpower, is you have to have enough to stay in the game in runs of bad luck, therefore, I've dropped my efforts of solomining for now and have decided to instead use p2pool since that is the closest you can come to real solomining. I like the variance, but solomining variance is too "rich" for me.
I started a p2pool node in San Jose to rent from westhash and mine on p2pool. For those of you who want to try it, https://bitcointalksearch.org/topic/m.17123194
Topic: Apparently there aren't any gamblers in this section. Bitcoin lottery crowdfund (Read 1771 times)
December 16, 2016, 05:59:20 PM
May 27, 2016, 01:38:02 PM
So i guess, this group will not work out.
looks like im the only one, who is ready to join =)
looks like im the only one, who is ready to join =)
May 04, 2016, 04:15:48 PM
No worries ailikun, at this rate it might be a while until we have enough to start.
May 04, 2016, 03:50:55 PM
im sorry ive still didnt returned from the country side, ill join in a few days, as i return.
May 03, 2016, 09:49:22 PM
Count me in with 0.05
yay! The first pledge. K, I'll start a tally and when we have enough pledges I'll notify everyone of the deposit address and provide 250 links to all of the addresses we will be mining to so everyone can verify its working. May 03, 2016, 08:28:21 PM
Count me in with 0.05
May 03, 2016, 04:15:11 PM
Cool! Thanks.
May 03, 2016, 02:27:47 PM
He meant by suckers who are going to believe in your sht.
Why do you keep saying bullshit?
This thread isnt for your paranoid thoughts.
I wouldve joined this group, but i know, that it would be impossible to get the needed amount of members...
First of all, it was not me saying that message so get your facts right.
I was just telling OP what's that quoted message mean.
He meant by suckers who are going to believe in your sht.
Why do you keep saying bullshit?
This thread isnt for your paranoid thoughts.
I wouldve joined this group, but i know, that it would be impossible to get the needed amount of members...
Do you want to make a pledge? It may get the ball rolling...
Ok, i will do so, tomorrow.
May 03, 2016, 02:20:49 PM
He meant by suckers who are going to believe in your sht.
Why do you keep saying bullshit?
This thread isnt for your paranoid thoughts.
I wouldve joined this group, but i know, that it would be impossible to get the needed amount of members...
First of all, it was not me saying that message so get your facts right.
I was just telling OP what's that quoted message mean.
He meant by suckers who are going to believe in your sht.
Why do you keep saying bullshit?
This thread isnt for your paranoid thoughts.
I wouldve joined this group, but i know, that it would be impossible to get the needed amount of members...
Do you want to make a pledge? It may get the ball rolling...
May 03, 2016, 01:18:24 PM
He meant by suckers who are going to believe in your sht.
Why do you keep saying bullshit?
This thread isnt for your paranoid thoughts.
I wouldve joined this group, but i know, that it would be impossible to get the needed amount of members...
First of all, it was not me saying that message so get your facts right.
I was just telling OP what's that quoted message mean.
May 03, 2016, 01:13:44 PM
He meant by suckers who are going to believe in your sht.
Why do you keep saying bullshit?
This thread isnt for your paranoid thoughts.
I wouldve joined this group, but i know, that it would be impossible to get the needed amount of members...
May 03, 2016, 07:23:45 AM
HOW IT WORKS
~snip~
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
~snip~
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
Didn't you already "get lucky"?
https://bitcointalksearch.org/topic/m.13982288
Agree with 1 thing though
Apparently there aren't any
He meant by suckers who are going to believe in your sht.
May 03, 2016, 07:20:04 AM
HOW IT WORKS
~snip~
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
~snip~
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
Didn't you already "get lucky"?
https://bitcointalksearch.org/topic/m.13982288
Agree with 1 thing though
Apparently there aren't any
May 03, 2016, 12:39:38 AM
HOW IT WORKS
~snip~
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
~snip~
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
Didn't you already "get lucky"?
https://bitcointalksearch.org/topic/m.13982288
Agree with 1 thing though
Apparently there aren't any
May 02, 2016, 11:06:05 PM
Nope, it's not.
May 02, 2016, 10:40:59 PM
but how can you actually build trust to people?
i mean this thread is under investor based games section which has a lot of ponzis to start with, and we all know ponzis are just another term for scams
Apparently it's pretty hard loli mean this thread is under investor based games section which has a lot of ponzis to start with, and we all know ponzis are just another term for scams
It is, and sadly, an escrow is not very helpful in this case.
May 02, 2016, 10:00:13 PM
but how can you actually build trust to people?
i mean this thread is under investor based games section which has a lot of ponzis to start with, and we all know ponzis are just another term for scams
Apparently it's pretty hard lol i mean this thread is under investor based games section which has a lot of ponzis to start with, and we all know ponzis are just another term for scams
April 30, 2016, 10:58:20 AM
but how can you actually build trust to people?
i mean this thread is under investor based games section which has a lot of ponzis to start with, and we all know ponzis are just another term for scams
i mean this thread is under investor based games section which has a lot of ponzis to start with, and we all know ponzis are just another term for scams
April 27, 2016, 10:01:32 PM
I like the idea but, what makes you think 50 people will trust 1k to somebody without enough trust?
That's is why I'm only asking for a minimum of .05 per investor. It's alot of work to run a group and make calculations and make payouts.
Now, add to all of that work by running 250 orders.
If we don't hit, then it's not that much work. However if we as a group hit, and I make payouts and build trust, if I continued running small groups I would most likely be asking for larger minimum entry fees
April 27, 2016, 08:42:06 PM
I like the idea but, what makes you think 50 people will trust 1k to somebody without enough trust?
April 27, 2016, 08:35:42 PM
But, who's gonna hold the funds? Who's gonna split the reward?
All of the addresses we will use I have the private keys for and will split the reward. April 27, 2016, 07:48:58 PM
But, who's gonna hold the funds? Who's gonna split the reward?
April 27, 2016, 10:56:45 AM
Like a german group, but for smaller players. I like the idea, but I have some questions too:
About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
2.5 bitcoin theoretically would give us a 1 in 10 chance. About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
We would be able to purchase 250 contracts each with .01btc and each with 5TH, and each mining to a separate address, 250 of them.
The contracts would end after less than a day, probably around 15 to 18 hours.
If we win, winnings would be split according to each person's contribution.
April 26, 2016, 10:35:00 PM
Like a german group, but for smaller players. I like the idea, but I have some questions too:
About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
About that contract; you will buy 2.5 btc worth of hash power, and that power will be splitted into .05 contracts, right?
Who's gonna have the initial funds and the possible reward, you?
With the estimated 2.5 btc, how long will be the rental?
April 26, 2016, 12:44:44 AM
tl;dr damn too long
Too long lol... You should try and read my book then
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461642867&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
April 25, 2016, 09:56:12 PM
tl;dr damn too long
April 25, 2016, 08:06:47 PM
Im interested but just checking it's .01 a contract and need .05 to get in so that's 5 contracts
Yes, .05 would buy five rentals of 5TH for a little less than 1 day. April 24, 2016, 09:33:27 AM
Im interested but just checking it's .01 a contract and need .05 to get in so that's 5 contracts
April 21, 2016, 12:21:21 AM
TLDR.
Wall of text.
Wall of text.
April 20, 2016, 11:06:45 PM
saved for future posts about pledges. After we reach 2.5BTC in pledges, I'll notify everyone with the address to send the pledge in for your entry fee. 0.05 minimum to join the group.
Total pledges so far, 0.3BTC (0.25 of that is my pledge)
Needed to start: 2.2BTC
Total pledges so far, 0.3BTC (0.25 of that is my pledge)
Needed to start: 2.2BTC
Count me in with 0.05
April 20, 2016, 10:35:35 PM
HOW IT WORKS
I will be contributing 0.25BTC
I will have 250 bitcoin addresses that our group will be solo mining to @ckpool
Each address will have 5TH pointed at it until the contract expires which will be less than a day
I am looking at waiting until 2.5BTC are deposited until we start, as each contract will cost .01btc
and we will have 1.25PH pointed at solo.ckpool.org with 250 different addresses each at 5TH
It's basically P2Pool but on CKPool with a group of people that wanna have some fun.
Contributions: .05 increments
When we have 2.5BTC we will begin
with 2.5BTC the "expected average" would be a 1 in 10 chance of finding a block thus 10X your investment should we win.
However, it is very possible that you will lose whatever you contribute, and it is also possible and I have seen on a couple occassions where we could find 2 or more if were really lucky.
This is my favorite strategy of the ones I've tried. The p2pool style solo mining.
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
I will be contributing 0.25BTC
I will have 250 bitcoin addresses that our group will be solo mining to @ckpool
Each address will have 5TH pointed at it until the contract expires which will be less than a day
I am looking at waiting until 2.5BTC are deposited until we start, as each contract will cost .01btc
and we will have 1.25PH pointed at solo.ckpool.org with 250 different addresses each at 5TH
It's basically P2Pool but on CKPool with a group of people that wanna have some fun.
Contributions: .05 increments
When we have 2.5BTC we will begin
with 2.5BTC the "expected average" would be a 1 in 10 chance of finding a block thus 10X your investment should we win.
However, it is very possible that you will lose whatever you contribute, and it is also possible and I have seen on a couple occassions where we could find 2 or more if were really lucky.
This is my favorite strategy of the ones I've tried. The p2pool style solo mining.
Anyone want to try it for fun and possibly share the rewards if we find a block?
The only thing I ask In return for the work it's going to take me is that if we get lucky I'm going to start a thread for my new book to try and create some buzz around it.
http://www.amazon.com/gp/aw/d/B01EPUE96G/ref=mp_s_a_1_1?qid=1461812744&sr=8-1&pi=SY200_QL40&keywords=solo+mining&dpPl=1&dpID=41YGZqLTBBL&ref=plSrch
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