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Topic: Holy crap I found a block! - page 2. (Read 7908 times)

sr. member
Activity: 399
Merit: 250
May 15, 2014, 06:36:55 PM
#47
Shame it wasnt solo, 25 whole Bitcoins  Grin


"No Inputs (Newly Generated Coins)"
Correct me if i am wrong but that is solo.. that wasn't done by a pool mining

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Nope!!!
Even a mining pool can generate such input ,depending on how/where the coins are from, I have loads of these from 'http://eligius.st/'

An example:
http://blockchain.info/tx-index/67ee6cd44596cdfdd9d15389485dbd1a10827fe4109b72cc03a140309d45e535

Ideally this is how all mining income should show up, pool or solo, however if you consider that pools have to deal with offline wallets and cold storage…

RF

hero member
Activity: 821
Merit: 503
May 12, 2014, 06:17:31 PM
#46
Shame it wasnt solo, 25 whole Bitcoins  Grin


"No Inputs (Newly Generated Coins)"
Correct me if i am wrong but that is solo.. that wasn't done by a pool mining

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newbie
Activity: 28
Merit: 0
May 12, 2014, 03:57:33 PM
#45
Shame it wasnt solo, 25 whole Bitcoins  Grin
legendary
Activity: 2576
Merit: 1087
May 12, 2014, 04:59:43 AM
#44
me toooooo  Grin  270578
hero member
Activity: 821
Merit: 503
May 10, 2014, 08:59:47 PM
#43
I'd like to here a story of someone solo mining a block.

read first page of this OP i not only found 1 but 2 under a week SOLO mining..

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newbie
Activity: 28
Merit: 0
May 10, 2014, 08:47:07 PM
#42
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  

The odds of finding a block solo without decent hash rate are pretty low. But if you like the Lotto then happy days.
hero member
Activity: 686
Merit: 500
FUN > ROI
May 10, 2014, 07:18:55 PM
#41
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.

You are correct that they would not have found that same block, since they're not the originator of that block, but I think you're mistaken in the 'team effort part'.
Technically, they did find that block.  They way it works (roughly) is that the pool effectively collects the transactions and creates the block to be solved, that block includes the information on where payment should go (to the pool).  Each individual miner at a pool tries to solve that block, submitting solutions that fall within the pool's accepted range (for share counting).  If a miner happens to have a solution that not only falls within the pool's accepted range, but the network's accepted range (i.e. solved the block), that's when the network broadcasts it to collect the reward.  The odds of a miner solving a block at a pool is pretty much just as good as when mining solo (assuming the same parameters - i.e. some coins have different difficulties and you can often configure things at the pool to get more difficult blocks if you've got a fast miner, yielding a higher payout to you).  It's just that with the low odds, it's often better to mine at a pool and get a relatively steady fractional reward than it is to try solo mining - until the odds get so bad that said fraction at a pool is negligible and you really might as well solo mine if you can stand to burn the electricity.
A 'team effort' would involve each miner contributing a small part of the solution, and that's just not how Bitcoin mining works; Either you find a solution, or you don't.  It's really an individual effort, just one that is hugely parallellized, which increases the odds for the group (and most importantly, the pool), but does nothing for the individual.
newbie
Activity: 21
Merit: 0
May 10, 2014, 06:58:32 PM
#40
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.
newbie
Activity: 60
Merit: 0
May 10, 2014, 01:43:52 PM
#39
Better odds than the lottery, eh? Cheesy Maybe this will become a popular thing as diff increases. I'd like to here a story of someone solo mining a block.
legendary
Activity: 1904
Merit: 1005
PGP ID: 78B7B84D
May 10, 2014, 01:40:58 PM
#38
It's interesting how mining can be very profitable for some and just a complete let down for others  Grin Congrats on being part of the lucky ones. I would invest in mining just to know that I mined a block  Grin
full member
Activity: 184
Merit: 100
May 09, 2014, 04:14:47 PM
#37
did you get a block finding bonus?
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
May 09, 2014, 09:56:50 AM
#36
I was inspired by the OP and setup solo mining on my graphics card. The software i am using is cuda miner. It now says "stratum detected new block", does this mean that i have found a block? If yes, should i focus more mining power to the miner so it mines the block?

No, you haven't found a block.  It means that your mining software has been informed there's a new block on which it needs to work.
Lol! I guess i am not as lucky as i thought i was. Well, keep the faith i suppose!? Smiley

Absolutely!  It's why I solo mine.  Chances are I'll never find that block, but why not try?  It costs virtually nothing to do so (5 Antminer U2s driven by an rPi).
legendary
Activity: 1022
Merit: 1005
May 09, 2014, 09:42:17 AM
#35
I was inspired by the OP and setup solo mining on my graphics card. The software i am using is cuda miner. It now says "stratum detected new block", does this mean that i have found a block? If yes, should i focus more mining power to the miner so it mines the block?

No, you haven't found a block.  It means that your mining software has been informed there's a new block on which it needs to work.
Lol! I guess i am not as lucky as i thought i was. Well, keep the faith i suppose!? Smiley
member
Activity: 75
Merit: 10
Vintage4X4
May 09, 2014, 01:41:41 AM
#34
Good there is hope for people wanting a payout.



sr. member
Activity: 347
Merit: 252
May 08, 2014, 11:34:03 PM
#33
I have two bfl units, one is a 30 gh that I have been trying to find a block solo mining since December 2013 and 523 million is the highest it has found, my other 230 gh unit I mine on p2pool with.

Couldn't stomach solo mining with both of them as I'd rather have a little of something than a lot of nothing.

Thanks for sharing, gives me renewed hope that it still is possible!
member
Activity: 119
Merit: 100
May 08, 2014, 02:30:57 PM
#32
Grats! I'm starting to think people with low hashrates should just solo mine. Either you get nothing or you get 25 BTC! 
Better than making pennies in a pool.

Agreed, its a bit like playing the lottery Smiley
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
May 08, 2014, 12:02:13 PM
#31
I was inspired by the OP and setup solo mining on my graphics card. The software i am using is cuda miner. It now says "stratum detected new block", does this mean that i have found a block? If yes, should i focus more mining power to the miner so it mines the block?

No, you haven't found a block.  It means that your mining software has been informed there's a new block on which it needs to work.
legendary
Activity: 1022
Merit: 1005
May 08, 2014, 11:55:01 AM
#30
I was inspired by the OP and setup solo mining on my graphics card. The software i am using is cuda miner. It now says "stratum detected new block", does this mean that i have found a block? If yes, should i focus more mining power to the miner so it mines the block?
member
Activity: 69
Merit: 10
May 08, 2014, 05:15:21 AM
#29
congratulations
legendary
Activity: 1736
Merit: 1001
May 04, 2014, 11:19:00 PM
#28
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  

AMazing and way better then playing the lotto.
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