Bitcoin solo mining with cpu | Bitcointalksearch.org

coinableS

legendary

Activity: 1442

Merit: 1189

bc.info has an interesting statistic available on their API page that most people overlook. Probability.

It's the probability that one would find a valid block with just one single hash.

https://blockchain.info/q/probability

Current chance % to find a valid block with a single hash is

Code:

0.0000000000000000000048924699290284694

If you are CPU mining at 2 million hashes per second then you can knock off a few leading zeros to the above figure Wink

....
Then you have average # of hashes required to find a block.

https://blockchain.info/q/hashestowin

Code:

9223372036854775807

jillkelly

member

Activity: 74

Merit: 10

cpu mining in 2015? LOL, good luck to you, OP. Tongue

techgeek

hero member

Activity: 826

Merit: 1000

At this point in any persons bitcoin mining operation is going to cost some good amounts of money.

And thats if youre okay with also if the price does fall or not. I`d just buy more into the legit cloud mining services out there that accept credit cards so you can also protect if something does go bad.

BlackMachine

full member

Activity: 208

Merit: 100

Quote from: lbeckm3 on April 14, 2015, 10:10:20 PM

Let's put it this way - you are at 2.2 mh/s with your CPU and gobbling electricity. You could buy a USB miner (block erupter) from eBay for $12 and do 335 mh/s (equivalent to having 152 of your computers hashing away!) and use WAY WAY less electricity doing it. Your lottery ticket just got many many times multiplied!! Still about a 0% chance overall, but with just the electricity you will save for that lottery ticket - you will thank me!

Good luck!

If a computer is at idle, the power consumption is still quite high. Buying a block erupter and hashing it using your computer as the host can be expensive. If you use raspberry pi, it will cost $30+ but it depends on what you currently have. Either way, it isn't feasible.

eyeknock

sr. member

Activity: 381

Merit: 250

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

ofc there is always a change, the minimal possibility is always there, but you know, dont expect it, so if i was you i will quit that idea asap and try to made something more profitable with my cpu Wink

muhrohmat

sr. member

Activity: 252

Merit: 250

well mining with cpu its for btc very low porfit mining alt coin in pool wiht with cpu you heed to see if theres like some cpu good coin like frozen or soo i cant remebem much but frozen coin was cpu.

Unbelive

full member

Activity: 210

Merit: 100

Invest & Earn: https://cloudthink.io

Quote from: Jeremycoin on April 13, 2015, 04:11:59 AM

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Are you sure you want to do Solo Mining? Why don't you just mining in a Pool? It will be more effective I think.

That is just 3 million years. I wonder if bitcoin will exist then. or better if life on Earth will exist.

Kyle1836

member

Activity: 112

Merit: 10

★YoBit.Net★ 100+ Coins Exchange & Dice

Solo mining, already puts you at a large loss, even with MANY GPU's, or even ASIC's. And mining Bitcoin, with your CPU, solo, is surely not going to make you any considerable amount of money. You're risking your CPU running at 100% 24/7 just to maybe make a cent every few days. It's simply not worth it, but it does seem as if you do have a good CPU so maybe you can mine some Altcoin's that are ASIC resistant.

PremiumCodeX

hero member

Activity: 1204

Merit: 531

Metaverse 👾 Cyberweapons

Quote from: alh on May 05, 2015, 12:31:50 AM

Supercomputers aren't cheap to run. Just ask any Cray customer about their cooling and electric bill.

You have just mentioned some very important points there. Electric bill is one important factor to calculate in but in addition You need to care of proper cooling as well that also is a factor you are advised to keep on your mind while it is not a problem. A friend's computer flew away because he has not minded mining necessitated advanced cooling that in many cases were different than the cooling you were using for your current daily tasks on your computer.

alh

legendary

Activity: 1850

Merit: 1055

Supercomputers aren't cheap to run. Just ask any Cray customer about their cooling and electric bill.

PremiumCodeX

hero member

Activity: 1204

Merit: 531

Metaverse 👾 Cyberweapons

You have the chance but since it is minimal I recommend searching a better solution. BTC mining has gone through a significant development since it was born and now there are some "new", effective possibilities as well as some fading ones and solo CPU mining is part of the last unless you have some kind of super computer. You always can play the lottery, though.

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

Quote from: amerikansjc on April 19, 2015, 08:25:33 PM

Quote from: ThomasCrowne on April 14, 2015, 11:48:40 PM

Just did the math:

You would have exactly a 0.000000000082930% chance of hitting a block over a 1 year period running at 99.999% efficiency 24/7 (assuming difficulty remains static)

*And yeah, that's fraction of a single percent!

:-P

What would the math be with 17th?

With 17TH/s you would expect to find a block in about 139 days with the current network difficulty.

Cinnob0n

member

Activity: 116

Merit: 10

-Credits (CRE) Miner/Enthusiast

Even if you did mine a blocks after a few years, the power costs would end up wrecking you.

trendax

full member

Activity: 124

Merit: 100

cpu mining on bitcoin, this is a totally wasted gamble.. sell that junk old pc, rent a real miner and point it at ck's solo pool.

amerikansjc

newbie

Activity: 15

Merit: 0

Quote from: ThomasCrowne on April 14, 2015, 11:48:40 PM

Just did the math:

You would have exactly a 0.000000000082930% chance of hitting a block over a 1 year period running at 99.999% efficiency 24/7 (assuming difficulty remains static)

*And yeah, that's fraction of a single percent!

:-P

What would the math be with 17th?

CoinTop

newbie

Activity: 56

Merit: 0

I suggest not doing this as i left a oldish computer running for 2 months and gained 0 btc from this, was only testing it our myself with no luck only a electricity bill to pay.

Was around the same hash rate too.

josef2000

sr. member

Activity: 280

Merit: 251

Bro, you need to try http://dadice.com

Nothing is impossible.
If youre lucky you might find a block. Mining in a pool is useless for a cpu. If your computer is free and you dont need to use it, why not?
But overloading a CPU damages it, so dont try to somehow overclock the cpu or give it a big work load for a long time span

lbeckm3

newbie

Activity: 24

Merit: 0

Quote from: DrG on April 15, 2015, 12:49:41 AM

So my 486 DX2 66 is useless? I'm gonna kill myself now Angry

Oh no no, it's not useless at all - you can use it to prop open the door to the miner equipment room for better cooling!! Of course that is a waste of a pretty powerful machine, I've got some old 286's in the garage I could send you that can do the same thing. Of course the cases on those 286's are huge so it may slightly decrease your cooling ability due to the size and restricted airflow but... Grin

DrG

legendary

Activity: 2086

Merit: 1035

So my 486 DX2 66 is useless? I'm gonna kill myself now Angry

ThomasCrowne

full member

Activity: 210

Merit: 100

★☆★ 777Coin - The Exciting Bitco

Just did the math:

You would have exactly a 0.000000000082930% chance of hitting a block over a 1 year period running at 99.999% efficiency 24/7 (assuming difficulty remains static)

*And yeah, that's fraction of a single percent!

:-P

lbeckm3

newbie

Activity: 24

Merit: 0

Let's put it this way - you are at 2.2 mh/s with your CPU and gobbling electricity. You could buy a USB miner (block erupter) from eBay for $12 and do 335 mh/s (equivalent to having 152 of your computers hashing away!) and use WAY WAY less electricity doing it. Your lottery ticket just got many many times multiplied!! Still about a 0% chance overall, but with just the electricity you will save for that lottery ticket - you will thank me!

Good luck!

Chris_Sabian

legendary

Activity: 896

Merit: 1001

Quote from: frankenmint on April 14, 2015, 07:16:36 AM

IMHO OP is better off spending $1 per day or $30ish dollars pm on buying bitcoin and that's surely a much higher return overall.

Good idea. It is better to buy $1 / day worth of btc or $5/ week instead of trying to mine with a cpu.

frankenmint

legendary

Activity: 1456

Merit: 1018

HoneybadgerOfMoney.com Weed4bitcoin.com

IMHO OP is better off spending $1 per day or $30ish dollars pm on buying bitcoin and that's surely a much higher return overall.

kenscho

full member

Activity: 234

Merit: 100

no chance dude

zetaray

hero member

Activity: 658

Merit: 500

Quote from: Jeremycoin on April 13, 2015, 04:22:37 AM

Quote from: zetaray on April 13, 2015, 04:19:17 AM

Quote from: Jeremycoin on April 13, 2015, 04:11:59 AM

Are you sure you want to do Solo Mining? Why don't you just mining in a Pool? It will be more effective I think.

A cpu is too insignificant to mine anything in a pool. Better to gamble and mine solo.

But, which one will be more profitable? Pool or Solo?

Mining in a pool is a sure loss because of electricity cost. Mining solo is also losing money but has astronomically low chance to find a block of 25 btc

dsyahputera

full member

Activity: 224

Merit: 100

CPU? Better to mine altcoins rather than Bitcoin Cheesy

planetroving

legendary

Activity: 2170

Merit: 1000

Quote from: Mikestang on April 13, 2015, 07:02:56 PM

Quote from: Lies on April 13, 2015, 05:19:42 PM

Quote from: dquancey on April 13, 2015, 09:16:28 AM

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Why not, think your chances of winning the lottery might be higher, but you've got to be in it to win it.

Hey! If you have 2 computers, you can double your hash! It's like having 2 lottery tickets!

2 times 0 (effective chance of 'winning') is still 0

But people still buy lottery tickets don't they? Funny isn't it, knowing that you've pretty much got no chance winning it, but you still have that one small glint in the distance. I guess people know that they can win big.

Anyways, I don't think at 2231kH/s, you'll be able to get any Bitcoin, both with pool and solo mining.

Chris_Sabian

legendary

Activity: 896

Merit: 1001

Quote from: thebenjamincode on April 13, 2015, 09:09:13 PM

Quote from: padrino on April 13, 2015, 03:37:15 AM

Sure there is a chance, much like there is a chance to win the lottery if you buy a ticket.. There is a chance but it is very small..

At 2231 khash/s it will take approximately 1040943295 days, 14 hours, 1 minute, 47 seconds at the current difficulty..

woah that's so many days,
i wonder how old i will be if i try to mine a block

That is on average. You MAY find it on your first try or never. That is the 'luck' that people refer to.

thebenjamincode

hero member

Activity: 490

Merit: 500

37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP

Quote from: padrino on April 13, 2015, 03:37:15 AM

Sure there is a chance, much like there is a chance to win the lottery if you buy a ticket.. There is a chance but it is very small..

At 2231 khash/s it will take approximately 1040943295 days, 14 hours, 1 minute, 47 seconds at the current difficulty..

woah that's so many days,
i wonder how old i will be if i try to mine a block

Chris_Sabian

legendary

Activity: 896

Merit: 1001

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Yes, I would say there is a chance but it is extremely extremely small.

Listen to what -ck says, he is 100% correct and legit.

Mikestang

legendary

Activity: 1274

Merit: 1000

Quote from: Lies on April 13, 2015, 05:19:42 PM

Quote from: dquancey on April 13, 2015, 09:16:28 AM

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Why not, think your chances of winning the lottery might be higher, but you've got to be in it to win it.

Hey! If you have 2 computers, you can double your hash! It's like having 2 lottery tickets!

2 times 0 (effective chance of 'winning') is still 0

Lies

jr. member

Activity: 56

Merit: 3

Quote from: dquancey on April 13, 2015, 09:16:28 AM

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Why not, think your chances of winning the lottery might be higher, but you've got to be in it to win it.

Hey! If you have 2 computers, you can double your hash! It's like having 2 lottery tickets!

dquancey

hero member

Activity: 586

Merit: 500

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Why not, think your chances of winning the lottery might be higher, but you've got to be in it to win it.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

I had the same idea, I love the thought of the pop-up coming and saying that I have mined a block, but unfortunately it is near impossible.
I turned on the mining in Bitcoin-qt on my crappy old PC, left it for a few hours, then got sick of my PC running even more slowly than normal, so turned it off!

I doubt you have the patience to really give it a go, and if you do, you will still find nothing! so I guess I wouldn't recommend it!

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Amph

legendary

Activity: 3248

Merit: 1072

don't waste your time with that abysmally low hashrate, it's pointless to mine with such power, buy bitcoin instead they have a fair price even for average joe now

or you can invest in some cloud(hashnest and bit-x, the rest are not that good)

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: Jeremycoin on April 13, 2015, 04:22:37 AM

Quote from: zetaray on April 13, 2015, 04:19:17 AM

Quote from: Jeremycoin on April 13, 2015, 04:11:59 AM

Are you sure you want to do Solo Mining? Why don't you just mining in a Pool? It will be more effective I think.

A cpu is too insignificant to mine anything in a pool. Better to gamble and mine solo.

But, which one will be more profitable? Pool or Solo?

Neither. Both will return zero. You'll never find a block solo, and no pool would ever pay out the one share you'd find every hour at that hashrate as the denomination would be too small to pay out even after a year.

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

Quote from: Jeremycoin on April 13, 2015, 04:22:37 AM

Quote from: zetaray on April 13, 2015, 04:19:17 AM

Quote from: Jeremycoin on April 13, 2015, 04:11:59 AM

Are you sure you want to do Solo Mining? Why don't you just mining in a Pool? It will be more effective I think.

A cpu is too insignificant to mine anything in a pool. Better to gamble and mine solo.

But, which one will be more profitable? Pool or Solo?

With his hash rate...

Solo = Gambling to win big
Pool = Extremely low earnings

Jeremycoin

legendary

Activity: 1022

Merit: 1003

𝓗𝓞𝓓𝓛

Quote from: zetaray on April 13, 2015, 04:19:17 AM

Quote from: Jeremycoin on April 13, 2015, 04:11:59 AM

Are you sure you want to do Solo Mining? Why don't you just mining in a Pool? It will be more effective I think.

A cpu is too insignificant to mine anything in a pool. Better to gamble and mine solo.

But, which one will be more profitable? Pool or Solo?

zetaray

hero member

Activity: 658

Merit: 500

Quote from: Jeremycoin on April 13, 2015, 04:11:59 AM

Are you sure you want to do Solo Mining? Why don't you just mining in a Pool? It will be more effective I think.

A cpu is too insignificant to mine anything in a pool. Better to gamble and mine solo.

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

Quote from: padrino on April 13, 2015, 03:37:15 AM

Sure there is a chance, much like there is a chance to win the lottery if you buy a ticket.. There is a chance but it is very small..

At 2231 khash/s it will take approximately 1040943295 days, 14 hours, 1 minute, 47 seconds at the current difficulty..

But he can still play the lottery - just in case he wins

But seriously OP, it's not worth it.

Jeremycoin

legendary

Activity: 1022

Merit: 1003

𝓗𝓞𝓓𝓛

Quote from: thebenjamincode on April 13, 2015, 03:22:05 AM

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Are you sure you want to do Solo Mining? Why don't you just mining in a Pool? It will be more effective I think.

padrino

legendary

Activity: 1428

Merit: 1000

https://www.bitworks.io

Sure there is a chance, much like there is a chance to win the lottery if you buy a ticket.. There is a chance but it is very small..

At 2231 khash/s it will take approximately 1040943295 days, 14 hours, 1 minute, 47 seconds at the current difficulty..

thebenjamincode

hero member

Activity: 490

Merit: 500

37iGtdUJc2xXTDkw5TQZJQX1Wb98gSLYVP

hi there, i just want to know if there is a chance that i can find a block even my hashrate is 2231 khash/s?

Topic: Bitcoin solo mining with cpu (Read 4939 times)