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Harley997

sr. member

Activity: 266

Merit: 250

Quote from: DrG on June 24, 2014, 09:52:21 PM

Quote from: Luckycoin90 on June 24, 2014, 09:37:34 PM

You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

Be careful when doing that unless the pool OP has really established himself/herself. 25 BTC is a lot of incentive for somebody to just walk away with something you earned for them.

Even if you were to disregard the issue with potential scammers you still have the issue that the majority of miners have an extremely small chance of finding a block.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

At this point no. Maybe 1 year ago you had a much better chance.

saveyourbitcoin

newbie

Activity: 28

Merit: 0

All these people telling you to turn it off.....no. Here's why.

What does it cost you to run the BE on your laptop that you already use? Maybe .10 a month?

Whats the harm in running it? Maybe you get lucky. 99.99999999% you dont. But it isnt hurting anything to run it. LEt it go, and maybe one day you wake up with some btc.

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: Luckycoin90 on June 24, 2014, 10:53:35 PM

I have never set up a client to do solo mining and I don't know how to. I guess that would be my next project in this addictive mining hobby. Only started mining for a month
So I do have much to read and to learn. It has been fun so far. Grin

unless you have a substantial amount of hashpower you will really not even have any way to verify that you have everything set up properly as you will likely never find a block

Luckycoin90

member

Activity: 91

Merit: 10

I have never set up a client to do solo mining and I don't know how to. I guess that would be my next project in this addictive mining hobby. Only started mining for a month
So I do have much to read and to learn. It has been fun so far. Grin

Relnarien

sr. member

Activity: 399

Merit: 257

Quote from: kingcolex on June 21, 2014, 07:06:05 PM

Well i just plugged some USB 333 m/hash into a usb adapter and am solomining, will it hit? Probably not but i was wondering how many others mine with their old equipment, let me know what you use and why Tongue

While solo mining Bitcoins is an attractive prospect for obvious reasons, you have to keep in mind that there has been no single legitimate claim of a solo miner using less than 500 Mhs finding a block in Bitcoin's current ASIC-driven climate. Other reasons aside, I wouldn't recommend keeping a USB ASIC solo mining for over than 5 minutes a day if you are concerned about making an ROI. Believing in luck is normal; relying on it is stupid.

As for me, I solo mine other coins with a few Ghs every once in a while, but never Bitcoin.

Quote from: Luckycoin90 on June 24, 2014, 09:37:34 PM

You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

The OP is already solo mining, so there is no reason to join a "solo mining pool" where the faucet operator takes a cut of his/her earnings for providing a service that he/she has no use for. The only advantage of such a pool is that the miner would not have to set up his/her own client, which is usually only an issue for hijack botnets and newbie miners uninterested in learning to set up their clients on their own.

Harley997

sr. member

Activity: 266

Merit: 250

Quote from: DrG on June 22, 2014, 12:36:57 AM

You are more likely to be struck by lightning than you are to be solve a block. So the potential is there, but odds most certainly are not in your favor. Turn off the miner but keep it as a novelty unless you enjoy seeing CGMiner running Cheesy

If you were to only use .333 GH/s to solo mine then you would essentially be using your miner as a lottery ticket.

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: Luckycoin90 on June 24, 2014, 09:37:34 PM

You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

Be careful when doing that unless the pool OP has really established himself/herself. 25 BTC is a lot of incentive for somebody to just walk away with something you earned for them.

Luckycoin90

member

Activity: 91

Merit: 10

You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

nickgaff

newbie

Activity: 45

Merit: 0

im just about to set up a Gridseed to solo mine. 11.2 GH/s of solo power Grin

os2sam

legendary

Activity: 3586

Merit: 1098

Think for yourself

Yep, I'm doing the same thing with a handful of BE's. I keep thinking things will settle down and I'll be able get some decent hash rate at a fair price. But it looks like I'll continue to be disappointed for quite some time.

Oh well. At least my Bitcoin node should be doing the network some good.

GigaBit

hero member

Activity: 1764

Merit: 514

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

Eh it's just a pi that I am not using until my fury gets here and my power cost are so low I probably won't see a difference. Let's see if I can get luckier than being struck by lighting now Tongue

.

Make that getting hit 10 times by a lightning in the same day lol Grin

All you need to do is get GUI Miner and put it on a small pool like Eclipse MC and set workers to DGM - Thank me later Wink

I change pools regularly because I just like trying new things and sometimes bad luck's just beyond what I find acceptable (Attack, ddos, etc..)

If you have no real will to really do anything, get surprise payouts from smaller pools Wink

That's how I started a year ago.

That's what I recommend to you as it will earn you 25 BTC LONG before you do it solo...

Here is your expected profit for your first month without power and hardware costs: Net profit first time frame $0.22 USD (Month) (That's dollars, not coin)

Here is your expected time to find a block: Average generation time for a block (solo) 5506 years, 5 days (can vary greatly depending on your luck)

At $0.22 per month, it would take 3,300 months, or, 275 years to get one block with 333 mhz. *Stats captured from Bitcoinx.

Some coin is better than giving away money to power companies if you ask me but if you want to chance it and be guaranteed to get absolutely nothing then, knock yourself out =D

Best of luck!

DrG

legendary

Activity: 2086

Merit: 1035

You are more likely to be struck by lightning than you are to be solve a block. So the potential is there, but odds most certainly are not in your favor. Turn off the miner but keep it as a novelty unless you enjoy seeing CGMiner running Cheesy

kingcolex

sr. member

Activity: 254

Merit: 1258

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