The advantage is that your actual profit is proportional to the work you have done
If you solo mine you can be lucky and get like 20 bitcoins in 10 min , if you are rll rll lucky
But chances are you are not, and it could take months before you get bitcoins, which of course are gonna be lots of bitcoins in one go, since you get an entire block for yourself, but its just not worth the risk thesedays. (mining is too difficult nowadays)
So why not work as a group to find blocks, which only takes mintues to solve one then and share the profit equally, everyone gets the money they worked for , but no big risk, since if the block is invalid or solved already, you loose a few minutes , not 3 months
Topic: CGminer: Solo mining (Read 11107 times)
I don't like CGminer.
Some antivirus softwares scan is virus.
I dont know what is it.
Read this https://bitcointalksearch.org/topic/cgminer-virus-1168251Some antivirus softwares scan is virus.
I dont know what is it.
Some antivirus software companies are in error about cgminer. They may also be in error about other clean files, not only about cgminer.
I don't like CGminer.
Some antivirus softwares scan is virus.
I dont know what is it.
Read the README ... that's why it's called "README" Some antivirus softwares scan is virus.
I dont know what is it.
I don't like CGminer.
Some antivirus softwares scan is virus.
I dont know what is it.
Some antivirus softwares scan is virus.
I dont know what is it.
how do you mine this bitcoins, i am having desktop computer so how to mine help me,
The short answer is you don't.
To mine Bitcoins you need purchase mining hardware, there is tons of information in this forum so please do some reading.
how do you mine this bitcoins, i am having desktop computer so how to mine help me,
Code:
cgminer -o http://localhost:8332 -u username -p password --btc-address 1...
http://ck.kolivas.org/apps/cgminer/READMEThanks, works fine.
Quote
Shortly: With a pool you all share the profit based on your contribution. Since your chances of finding a block alone are slim to none, pooled mining is preferred.
Yes, is clear, is for testing purpose only.
You have to specify the rpcusername and rpcpassword as per set in your config file, also, you have to start up your node in client mode. If these are done, then solo mining to local bitcoind:
Shortly: With a pool you all share the profit based on your contribution. Since your chances of finding a block alone are slim to none, pooled mining is preferred.
Code:
cgminer -o http://localhost:8332 -u username -p password --btc-address 15qSxP1SQcUX3o4nhkfdbgyoWEFMomJ4rZ
http://ck.kolivas.org/apps/cgminer/READMEQuote
What is the advantage of pools like bitsolo.net over mining without pool (have full Bitcoin Core with server option running)?
Shortly: With a pool you all share the profit based on your contribution. Since your chances of finding a block alone are slim to none, pooled mining is preferred.
For testing purpose:
What is the advantage of pools like bitsolo.net over mining without pool (have full Bitcoin Core with server option running)?
And why does the latter not work?
Call is:
cgminer -O bitcoinrpc:3Z... -o http://localhost:8332
What is wrong?
Error message is:
No BTC address specified, unable to mine solo on http://localhost:8332
What is the CGminer command line argument to specify the address?
The device is Antminer U3. With program version 4.9.2 and eligius
the call is:
cgminer -O 14...:p -o stratum+tcp://stratum.mining.eligius.st:3334
it works fine!
Successfully tested also with bitsolo.net
What is the advantage of pools like bitsolo.net over mining without pool (have full Bitcoin Core with server option running)?
And why does the latter not work?
Call is:
cgminer -O bitcoinrpc:3Z... -o http://localhost:8332
What is wrong?
Error message is:
No BTC address specified, unable to mine solo on http://localhost:8332
What is the CGminer command line argument to specify the address?
The device is Antminer U3. With program version 4.9.2 and eligius
the call is:
cgminer -O 14...:p -o stratum+tcp://stratum.mining.eligius.st:3334
it works fine!
Successfully tested also with bitsolo.net
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