Do any large players still solo mine?

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: GingerAle on December 23, 2015, 02:54:26 PM

I'm amazed with this thread. U guys really aren't concerned with the fungibility issues being glossed over here?

There are no fungibility issues as its a newly generated block, the difference is that first spent transactions would possess no coin taint even if they are all the same.
Basically it's selling point is being the first users to spend those deposited Bitcoins in the history of the block which is why a newly generated block would be attractive. (Vanity point more less)

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

I sometimes mint a block. But why sell to an unknown player?

What would I get the same as selling to coinbase?

How do I take on the funds from the seller?

A check ?

Paypal?

Old dirty btc ?

I do like the op's idea and If I mine block in the next week or so would consider selling the coins to him.

bluesclues

newbie

Activity: 18

Merit: 0

I have been doing some research and I have not found any large solo miners anymore. I am sure there are a number of the that are out here, but they are scares any more because mining in a pool is more profitable than mining solo. There is to much of a chance to get nothing.

IgnorantBitCoin

newbie

Activity: 16

Merit: 0

Quote from: PassThePopcorn on December 21, 2015, 06:38:32 PM

The reason or reasons I can think of are fresh, never moved coins. With "fresh" coins you are the original owner, there is no chance that those coins were used in anything that could be seen as risky and no one had possession of the coins prior to you, the coins were generated then sent directly to the collectors physical bitcoin. There are probably other reasons as well.

It makes perfect sense that. I would like to buy bitcoin miners always, without past, clean coins. I would also sell bitcoins always good person.

No one knocking on my door asking why I negotiated with suspicious people.

Bitcoin is not anonymous and would not want to be in the middle of the hunt trail for a villain.

This vile world, a bitcoin transaction carries on his shoulders more than a bitocin value, but also the reputation of your origin and destination.

If it were not so, there would not exist bitcoin mixing services with the frank intention washing.

paranoid, but good idea.

GingerAle

legendary

Activity: 1260

Merit: 1008

I'm amazed with this thread. U guys really aren't concerned with the fungibility issues being glossed over here?

Jet Cash

legendary

Activity: 2814

Merit: 2472

https://JetCash.com

What an interesting concept, and congrats on the mental shift from physical currency to virtual currency. I can see that once virtual currency become the dominant purchasing medium, people will collect these in the same way they collect uncirculated physical coins. How do you plan to maintain an album of unused Bitcoin, and will you be adding altcoins to the album?

PassThePopcorn

sr. member

Activity: 463

Merit: 309

Quote from: DieJohnny on December 20, 2015, 06:32:50 PM

Quote from: CoinCube on December 17, 2015, 09:50:30 PM

Quote from: DieJohnny on December 17, 2015, 09:45:39 PM

Please explain to me why you are interested in this? Huh

I am interested in the creation of unique high end bitcoin collectables.
I am currently working on a set of unique 25 physical bitcoins that I ideally want to load with a fresh newly mined block.

why do you think unspent coins are going to be collectible?
Nobody would pay more for these coins simply because they are unspent....

Quote from: btckold24 on December 21, 2015, 12:36:23 AM

Ok I dont know everything about bitcoin and still kind of a noob but what is the point of having a freshly
mined block? I mean its worth the same so who cares? do you think people will want a fresh one?

I know with like currency collectors you want it uncirculated but not understanding why in bitcoin.

The reason or reasons I can think of are fresh, never moved coins. With "fresh" coins you are the original owner, there is no chance that those coins were used in anything that could be seen as risky and no one had possession of the coins prior to you, the coins were generated then sent directly to the collectors physical bitcoin. There are probably other reasons as well.

btckold24

sr. member

Activity: 434

Merit: 250

★Bitvest.io★ Play Plinko or Invest!

Ok I dont know everything about bitcoin and still kind of a noob but what is the point of having a freshly
mined block? I mean its worth the same so who cares? do you think people will want a fresh one?

I know with like currency collectors you want it uncirculated but not understanding why in bitcoin.

DieJohnny

legendary

Activity: 1639

Merit: 1006

Quote from: CoinCube on December 17, 2015, 09:50:30 PM

Quote from: DieJohnny on December 17, 2015, 09:45:39 PM

Please explain to me why you are interested in this? Huh

I am interested in the creation of unique high end bitcoin collectables.
I am currently working on a set of unique 25 physical bitcoins that I ideally want to load with a fresh newly mined block.

why do you think unspent coins are going to be collectible?
Nobody would pay more for these coins simply because they are unspent....

MarketNeutral

sr. member

Activity: 406

Merit: 252

yeah, big solo miners are still out there. A few also p2pool. The wisely keep a low profile.

iglasses

legendary

Activity: 1148

Merit: 1000

I think someone on the CK Solo pool that's throwing 500Ths hit a block yesterday. There are definitely still plenty of big time solo miners out there.

CoinCube

legendary

Activity: 1946

Merit: 1055

Quote from: GingerAle on December 17, 2015, 09:46:57 PM

Sry, I was suggesting that you could post in those solo pool mining community threads. I'm sure someone would be willing to sell. I've seen them pool btc to rent hash to solo mine, so they do have to cover expenses.

Thanks, if this thread is a dud I will explore that option tomorrow.

CoinCube

legendary

Activity: 1946

Merit: 1055

Quote from: DieJohnny on December 17, 2015, 09:45:39 PM

Please explain to me why you are interested in this? Huh

I am interested in the creation of unique high end bitcoin collectables.
I am currently working on a set of unique 25 physical bitcoins that I ideally want to load with a fresh newly mined block.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: CoinCube on December 17, 2015, 09:43:40 PM

Quote from: GingerAle on December 17, 2015, 09:34:20 PM

There are some nifty solo pools. Google away

Yeah I looked at -ck's pool. If I went that route that is definitely what I would do but I am too small of a player to be able to solo mine one myself without taking on unacceptable risk.

If there are any large solo miners still out there I assume they still need to pay for power costs and thus sell a few bitcoin now and then. The question is do such players still exist or is everyone mining in pools now?

Sry, I was suggesting that you could post in those solo pool mining community threads. I'm sure someone would be willing to sell. I've seen them pool btc to rent hash to solo mine, so they do have to cover expenses.

DieJohnny

legendary

Activity: 1639

Merit: 1006

Quote from: CoinCube on December 17, 2015, 09:23:58 PM

I am looking for someone capable of selling a complete newly mined block.

Please explain to me why you are interested in this? Huh

CoinCube

legendary

Activity: 1946

Merit: 1055

Quote from: GingerAle on December 17, 2015, 09:34:20 PM

There are some nifty solo pools. Google away

Yeah I looked at -ck's pool. If I went that route that is definitely what I would do but I am too small of a player to be able to solo mine one myself without taking on unacceptable risk.

If there are any large solo miners still out there I assume they still need to pay for power costs and thus sell a few bitcoin now and then. The question is do such players still exist or is everyone mining in pools now?

GingerAle

legendary

Activity: 1260

Merit: 1008

There are some nifty solo pools. Google away

CoinCube

legendary

Activity: 1946

Merit: 1055

I am looking for someone capable of selling a complete newly mined block.
Given the dominance of pooled mining this is proving to be something of a challenge.

Easiest would be to find someone who does solo bitcoin mining and needs to sell some to pay for power but does anyone do this anymore?

Topic: Do any large players still solo mine? (Read 1037 times)