Topic: Bitcoin Classic "solo mining pool" *BETA*-beta period is over (Read 3144 times)
POOL IS NOW OUT OF BETA. PLEASE CHECK https://bitcointalksearch.org/topic/ann-new-promo-fee-sharing-luckypoolco-support-block-limit-increase-1392418
February 29, 2016, 12:49:58 PM
Maintenance complete as of 2016-02-29 @ 12:49 PM EST
February 26, 2016, 07:01:06 PM
2016-02-26 @ 7:00 PM EST: Doing some maintenance for the next few hrs. Expect intermittent connection.
February 25, 2016, 11:37:45 PM
Relay network test were successful. We're now currently on the relay network. Should reduce block change times dramatically.
February 25, 2016, 10:13:21 AM
Currently testing connecting the pool to the relay network. Expect possible interruptions.
February 23, 2016, 09:49:43 AM
Me too. Thanks!
February 23, 2016, 02:09:12 AM
Good luck. Hope you find some blocks.
February 21, 2016, 08:30:25 AM
Ill just leave it then.
Im not paying for electricity so its better than nothing.
Im not paying for electricity so its better than nothing.
February 19, 2016, 03:26:08 PM
is it worth to try it out with 0.6TH power ? I never mined solo before. How little is chance to find a block with this mining power ? once in a 10 year or maybe 100 ?
Your odds are on average 37 years. So a very low chance to get one in the following month. Then it will maybe be something like on average 50 years in a month and so on. Its not impossible however.
But i would do it at a trusted pool, not pointed at a bitcoin fork.
Please don't insinuate that I'm not trustworthy. Or that bitcoin classic is somehow not trustworthy.
And anyway, until 75% of previous 1000 blocks are mined on bitcoin classic nodes, there is no functional difference between bitcoin classic and bitcoin core (at version 0.11.2).
And finally, the whole point here is for a "solo pool" for people who support an increased block size limit through hard fork via bitcoin classic. I assume anyone wanting to mine here has already decided they support that.
I bluntly mean that there's no proof that you are trustworthy, not that you are untrustworthy. And the recommendation is that there is a trusted, known service, with probably better infrastructure/faster, with proven effectiveness with very low orphan rate, with lower fee, that is also much more professional than what sound like a "basement operation".
For China and Bigger block. I reckon 2mB would be nice and not too bad for China. I think they were afraid of 8mB+ ongoing raise, which would probably eventually cause them problems with keeping up.
If Classic is only a static 2mB raise then i reckon China MIGHT be inclined to all say yes, but i suppose we'll have to wait and see.
February 19, 2016, 03:03:53 PM
is it worth to try it out with 0.6TH power ? I never mined solo before. How little is chance to find a block with this mining power ? once in a 10 year or maybe 100 ?
Your odds are on average 37 years. So a very low chance to get one in the following month. Then it will maybe be something like on average 50 years in a month and so on. Its not impossible however.
But i would do it at a trusted pool, not pointed at a bitcoin fork.
Please don't insinuate that I'm not trustworthy. Or that bitcoin classic is somehow not trustworthy.
And anyway, until 75% of previous 1000 blocks are mined on bitcoin classic nodes, there is no functional difference between bitcoin classic and bitcoin core (at version 0.11.2).
And finally, the whole point here is for a "solo pool" for people who support an increased block size limit through hard fork via bitcoin classic. I assume anyone wanting to mine here has already decided they support that.
February 19, 2016, 12:14:09 PM
is it worth to try it out with 0.6TH power ? I never mined solo before. How little is chance to find a block with this mining power ? once in a 10 year or maybe 100 ?
Your odds are on average 37 years. So a very low chance to get one in the following month. Then it will maybe be something like on average 50 years in a month and so on. Its not impossible however.
But i would do it at a trusted pool, not pointed at a bitcoin fork.
February 19, 2016, 10:47:19 AM
Various ways to calculate it, but use any coin calculator and figure out how long it will take to hit 25 BTC.
For example: https://alloscomp.com/bitcoin/calculator
Put in your details and the divide your daily income in terms of BTC into 25.
Of course difficulty changes over time so it will change, but at current difficulty you're looking at 37 years.
Of course the exchange rate of bitcoin will change too.
Oh and this is all based on probability, so in theory you could hit a block in an hour (super unlikely), or never hit one in 500 years.
I don't know your financial situation, but with 0.6 TH, you're looking at 78 cents of income in terms of USD per day. That's less than the dollar value of the gas I burn driving to work. It's less than I spend on coffee. Trading that off for a very small chance of making 10,500 USD worth of BTC might be worth it.
For example: https://alloscomp.com/bitcoin/calculator
Put in your details and the divide your daily income in terms of BTC into 25.
Of course difficulty changes over time so it will change, but at current difficulty you're looking at 37 years.
Of course the exchange rate of bitcoin will change too.
Oh and this is all based on probability, so in theory you could hit a block in an hour (super unlikely), or never hit one in 500 years.
I don't know your financial situation, but with 0.6 TH, you're looking at 78 cents of income in terms of USD per day. That's less than the dollar value of the gas I burn driving to work. It's less than I spend on coffee. Trading that off for a very small chance of making 10,500 USD worth of BTC might be worth it.
February 19, 2016, 07:42:22 AM
is it worth to try it out with 0.6TH power ? I never mined solo before. How little is chance to find a block with this mining power ? once in a 10 year or maybe 100 ?
February 18, 2016, 07:25:06 PM
Shouldn't this thread be in "Altcoins"?
Can't tell if making a joke.
Some make that argument, but Bitcoin Classic is not an altcoin. Classic Nodes still act exactly the same as Core nodes (or btcd nodes or any other bitcoin node) until 75% of the last 1000 blocks are mined by Classic nodes. At that point a 28 day timer starts. If that 75% level is maintained for that 28 days then on day 29 the Classic nodes can start processing, mining, and relaying blocks larger than 1 MB.
It was a mild bit of mischief I admit
Its not exactly untrue. Its still a fork, which will continue with the existing btc blockchain. Which still means its a different coin, which means its an altcoin. However if 75%+ decide that its the new way to go, then the fork will just become a part of Bitcoin's history as a whole.
However i think the topic is a bit moot, because it won't happen. China has much more than 25% of the hashrate. Ergo this won't happen. (They dont want it)
I wouldn't be so sure. I guess only time will tell. Antpool has been testing classic on one of their nodes. They actually solved a few classic blocks last I checked.
Last time I read anything on the subject, it sounded like China actually wants 2mb but prefers it to come from core. I think there's some meeting planned between core and the miners that classic was specifically not invited to. There was some thought among some people that the miners would use classic as a bargaining chip to get core to promise a block size limit increase hardfork by a certain time or else they'd just mine on classic, basically getting what they want (block size limit increase) one way or the other.
These things change every few days though so who knows.
February 18, 2016, 03:01:23 PM
Shouldn't this thread be in "Altcoins"?
Can't tell if making a joke.
Some make that argument, but Bitcoin Classic is not an altcoin. Classic Nodes still act exactly the same as Core nodes (or btcd nodes or any other bitcoin node) until 75% of the last 1000 blocks are mined by Classic nodes. At that point a 28 day timer starts. If that 75% level is maintained for that 28 days then on day 29 the Classic nodes can start processing, mining, and relaying blocks larger than 1 MB.
It was a mild bit of mischief I admit
Its not exactly untrue. Its still a fork, which will continue with the existing btc blockchain. Which still means its a different coin, which means its an altcoin. However if 75%+ decide that its the new way to go, then the fork will just become a part of Bitcoin's history as a whole.
However i think the topic is a bit moot, because it won't happen. China has much more than 25% of the hashrate. Ergo this won't happen. (They dont want it)
February 18, 2016, 08:07:38 AM
Quote
Bitcoin Classic is not an altcoin
Some people, not a million miles away from being the owner of this forum, may disagree.
Thanks for the info re timer, didn't know that.
Yeah. I know. The funny thing is, if he really believes that stance, then technically it isn't true until a hardfork happens. Up until then all the classic nodes are running on and helping strengthen the one true Scotsman's bitcoin network.
February 18, 2016, 08:04:02 AM
Shouldn't this thread be in "Altcoins"?
Can't tell if making a joke.
Some make that argument, but Bitcoin Classic is not an altcoin. Classic Nodes still act exactly the same as Core nodes (or btcd nodes or any other bitcoin node) until 75% of the last 1000 blocks are mined by Classic nodes. At that point a 28 day timer starts. If that 75% level is maintained for that 28 days then on day 29 the Classic nodes can start processing, mining, and relaying blocks larger than 1 MB.
It was a mild bit of mischief I admit
Quote
Bitcoin Classic is not an altcoin
Some people, not a million miles away from being the owner of this forum, may disagree.
Thanks for the info re timer, didn't know that.
February 18, 2016, 08:02:46 AM
Edit: please see OP for info about using worker names in addition to your username. It works the same way as ckpool.
February 18, 2016, 07:58:36 AM
Shouldn't this thread be in "Altcoins"?
Can't tell if making a joke.
Some make that argument, but Bitcoin Classic is not an altcoin. Classic Nodes still act exactly the same as Core nodes (or btcd nodes or any other bitcoin node) until 75% of the last 1000 blocks are mined by Classic nodes. At that point a 28 day timer starts. If that 75% level is maintained for that 28 days then on day 29 the Classic nodes can start processing, mining, and relaying blocks larger than 1 MB.
February 18, 2016, 07:54:46 AM
so basically, we can just enter our current bitcoin address, and in case we hit a block, export the private key and import it in bitcoin classic?
Sounds cool... I'm going to fire up my sidehack stick when i get home this evening
Is the ck solo mining pool also mining for the classic chain?
Lol, no, I doubt CK's pool will support Classic.Sounds cool... I'm going to fire up my sidehack stick when i get home this evening
My only question is "why?"
Why should anybody use your pool instead of ck?
Why should anybody believe you 25btc if your pool find a block?
Why do you not know anything about orphans?
and etc.
Why should anybody use your pool instead of ck?
Why should anybody believe you 25btc if your pool find a block?
Why do you not know anything about orphans?
and etc.
Is the ck solo mining pool also mining for the classic chain?
He said he will switch if the hardfork happens.
Note that if the hardfork happens and is permanent, it is in a miners or pools best interest to switch. There is a 28 day grace period for people to switch. If the initial fork is with around 75% of hashing power as planned, then mining on the old chain will become a waste of hash power AND blocks will be found very slowly on that chain, making propagation of blocks on the new chain even more prevalent.
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