Topic: Holy crap I found a block! (Read 7848 times)
wow, congrats, I think new pools should be created to reward block founder a FULL bitcoin and the rest divided normally, so everybody take a share of 24 BTC and give the remaining BTC to the block founder.
they would still lose out over the long run as they would receive a lower amount of payouts.
If your mining operation is a block eruptor.... you have nothing to lose.
A "lower amount of payouts" from nearly zero, is hardly distinguishable from nearly zero. Many of the pools have a mechanism such as pay per share, so the withholder doesn't lose any payouts even if the pool is strangely 'unlucky'.
They're paid just by "proving" they are working on the solution.
Without an extra kickback for providing the solution when they find it, however... the pool operator, and the majority of the miners need the solution to be found early a LOT more than the individual miner does.
If you had a block eurpter then you would be loosing out anyway as your electric costs would exceed your revenue.
We can ignore the fact that the chances of a block eurper finding a block are slim to none.
You also have the ethical issue that when you are mining on a pool you are essentially promising that you will provide the pool with work that your miner does and in return the pool gives you payment based on your shares. If the work your miner does involves finding a block then that work is due the pool.
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I Quantum Leap to different worlds when I sleep...
Grat's on finding a block especially since also mining on Elig you helped us all 
I found a block with one of my eruptors back in december but it was also during pool mining and wished it was solo hehe But at the end of the day you can truly say You Made Bitcoin and there's a piece of you in 25 bitcoins added too the infrastructure with your name on it and made a difference! You did your part to contribute for Everybody and Bitcoin as a Whole!That alone is Priceless and a good feeling as you contributed and helped make Bitcoin work ! not everybody can actually say they did do it but only tried? 
I found a block with one of my eruptors back in december but it was also during pool mining and wished it was solo hehe But at the end of the day you can truly say You Made Bitcoin and there's a piece of you in 25 bitcoins added too the infrastructure with your name on it and made a difference! You did your part to contribute for Everybody and Bitcoin as a Whole!That alone is Priceless and a good feeling as you contributed and helped make Bitcoin work ! not everybody can actually say they did do it but only tried? they would still lose out over the long run as they would receive a lower amount of payouts.
If your mining operation is a block eruptor.... you have nothing to lose.
A "lower amount of payouts" from nearly zero, is hardly distinguishable from nearly zero. Many of the pools have a mechanism such as pay per share, so the withholder doesn't lose any payouts even if the pool is strangely 'unlucky'.
They're paid just by "proving" they are working on the solution.
Without an extra kickback for providing the solution when they find it, however... the pool operator, and the majority of the miners need the solution to be found early a LOT more than the individual miner does.
The pools really ought to give some small reward to the miner who found the block, such as an extra 0.1BTC for being the lucky finder of the block.
Otherwise.... all the small time miners are better off witholding and discarding the block that they solved, instead of sharing with the network; in case they do find the solution.. so although the pool as a whole will be slightly less profitable... lower network difficulty, that way
Otherwise.... all the small time miners are better off witholding and discarding the block that they solved, instead of sharing with the network; in case they do find the solution.. so although the pool as a whole will be slightly less profitable... lower network difficulty, that way
What good would the small time miners be doing for themselves if they withheld a block? Ignoring the fact that most small miners would not have the technical inclination as to how to withhold blocks, they would still lose out over the long run as they would receive a lower amount of payouts.
The pools really ought to give some small reward to the miner who found the block, such as an extra 0.1BTC for being the lucky finder of the block.
Otherwise.... all the small time miners are better off witholding and discarding the block that they solved, instead of sharing with the network; in case they do find the solution.. so although the pool as a whole will be slightly less profitable... lower network difficulty, that way
Otherwise.... all the small time miners are better off witholding and discarding the block that they solved, instead of sharing with the network; in case they do find the solution.. so although the pool as a whole will be slightly less profitable... lower network difficulty, that way
Yeah so technically you havent found a block. The pool has and you would of likely not found the same block solo.
It was a team effort I'm afraid.
It was a team effort I'm afraid.
The chances of finding a block solomining with a block erupter is so slim it is ridiculous
Dear fellow miners,
That in and of itself is not a big deal. What is rather cool however, is that I'm mining with a single Block Erupter that I bought on eBay for $300. My hash rate hovers around 38 Gh/s. That means of the current Total Hash Rate of 55,000 TH/s or so, I represent a scant 0.069091%. I didn't just find a block, I crushed it with a share value of 15.6G. Was I solo mining? Hell no. I'm contributing a minuscule amount of work to the Eligius pool. Nevertheless, there is my block. Height 298,562. See? Lightning can and does strike. If any of you feel bad about the fact that earned +0.00016263 BTC instead of 25 BTC for my efforts, my address is 19cK8nHieqXxZbWoYFSdSgm2Q3Cb5CEPN6 Donations welcome!!
Happy Mining!,
Tony
Your on my good list. U get 50 btc That in and of itself is not a big deal. What is rather cool however, is that I'm mining with a single Block Erupter that I bought on eBay for $300. My hash rate hovers around 38 Gh/s. That means of the current Total Hash Rate of 55,000 TH/s or so, I represent a scant 0.069091%. I didn't just find a block, I crushed it with a share value of 15.6G. Was I solo mining? Hell no. I'm contributing a minuscule amount of work to the Eligius pool. Nevertheless, there is my block. Height 298,562. See? Lightning can and does strike. If any of you feel bad about the fact that earned +0.00016263 BTC instead of 25 BTC for my efforts, my address is 19cK8nHieqXxZbWoYFSdSgm2Q3Cb5CEPN6 Donations welcome!!
Happy Mining!,
Tony
I thought you were solo mining!
I know that feel bro
I know that feel bro
Yep if you have only a couple of block erupters you should solo mine, the probability of finding a block is like winning at the lottery, but if you win, you win high.
After mining since last November, now throwing 2+Ths into the network I found one! Happened sometime in last 12 hours but I'm not even sure what device found it yet.
Wild.
BestShare
427,176,762,040
Wild.
BestShare
427,176,762,040
If someone finds a block for a pool, they should not feel taken advantage of.
If they were solo mining instead, they wouldn't have won the block because the bitcoin address used to receive the new bitcoins would be replaced and therefore produce a completely different merkle root, meaning a completely different block hash. A hash with a bunch of leading zeroes for one payout address would become just another boring hash for a different payout address.
If they were solo mining instead, they wouldn't have won the block because the bitcoin address used to receive the new bitcoins would be replaced and therefore produce a completely different merkle root, meaning a completely different block hash. A hash with a bunch of leading zeroes for one payout address would become just another boring hash for a different payout address.
i never found a block solo mining only in pools with my 1x7970
Looks like a glitch, even though it says a block was found, the share appears to be too low. Try updating to the latest cgminer.
Hi !
hooooooooooooooollllllllllllllllllllyyyyyyyyyy shit ;-)
But i am sitting infront of the Computer with sweating Hands cause i try mine solo with bitsolo.net and i found one .
I really hope this site isnt scam .
I know that a have to mine solo with my wallet and i was only looking at google for an howto, the i found the site
Pressing fingers for me that i get the payout !
Take a look here :
https://www.dropbox.com/s/bs842b73s7ovnoa/bitsolo.jpg
A real solo Mined Block after 5 mins starting , thats Lottery Luck
Greetings Glen
hooooooooooooooollllllllllllllllllllyyyyyyyyyy shit ;-)
But i am sitting infront of the Computer with sweating Hands cause i try mine solo with bitsolo.net and i found one .
I really hope this site isnt scam .
I know that a have to mine solo with my wallet and i was only looking at google for an howto, the i found the site
Pressing fingers for me that i get the payout !
Take a look here :
https://www.dropbox.com/s/bs842b73s7ovnoa/bitsolo.jpg
A real solo Mined Block after 5 mins starting , thats Lottery Luck
Greetings Glen
Congrats bro!
Back in the day when you got loads of BTC with a CPU
2 years back i'd take the gamble and went solo, now it's just not possible anymore, or very hard to do
Back in the day when you got loads of BTC with a CPU
2 years back i'd take the gamble and went solo, now it's just not possible anymore, or very hard to do
I know what you mean. I had the same situation happen. Mining for a few days and found a block and then a week or two later found another block.
Grrr. I actually wish I never knew it was me.
Grrr. I actually wish I never knew it was me.
Never know Whats the cheapest semi-ok little miner that doesnt use toooo much power..
50gh will do Any usb do this"?
None of the small form factor ones, you'd have to get one that requires a dedicated external power supply. If you want to stay with the small miners, then...50gh will do Any usb do this"?
The hex•fury and NF6 would be your best bet for raw power at hash rates between 10Ghash/s and 14Ghash/s (and both practically need a powered USB hub), but have prices to match (NF6 not yet commercially available).
The Antminer U2 is your best bet for getting decent hashing power for cheap and can be bought just about anywhere.
The Block Erupter USB is your best bet for low cost ($5), but they have very low hash rates.
The Twin Chip Fury is probably the best 'middle ground' one, decent hashing speed, reasonable power use, and available at several reputable stores.
Check out the StickMiners thread for an overview.
You know what I may just chuck something on and let it mine away and just forget about it for the next year or so and come back to see what happen
Never know Whats the cheapest semi-ok little miner that doesnt use toooo much power..
50gh will do Any usb do this"?
Never know Whats the cheapest semi-ok little miner that doesnt use toooo much power..
50gh will do Any usb do this"?
Mine something with low difficulty and you will see them all the time.
I generally wont think about solomining for blocks if the dif is past my threshold or a couple of hours.
But it was the best feeling ever to see my first block ever for any coin.
I generally wont think about solomining for blocks if the dif is past my threshold or a couple of hours.
But it was the best feeling ever to see my first block ever for any coin.
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