Technically speaking, you can just get lucky and solve for a hash in your first try. It's very unlikely, but it is possible to myunderstanding.
Yes, statistically speaking it is possible, but the possibility is so low that no one has imagined it.
Topic: Holy crap I found a block! - page 3. (Read 7848 times)
Yes, statistically speaking it is possible, but the possibility is so low that no one has imagined it.
Technically speaking, you can just get lucky and solve for a hash in your first try. It's very unlikely, but it is possible to myunderstanding.
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%.
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%.
What makes it even more awesome is that you actually represent 0.000069091% of the network. The current hash rate is in TH/s, and you're in GH/s.
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.
The problem with solo mining is that you never feel completely sure that everything is configured properly. There's always this uncomfortable nagging feeling that you might be running your miner all day with zero chance of ever finding a block.Better than making pennies in a pool.
I use Bitsolo.net but the question always comes up will they pay if i find a block?
5MH/s? You are using CPU to mine bitcoin?
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.
The problem with solo mining is that you never feel completely sure that everything is configured properly. There's always this uncomfortable nagging feeling that you might be running your miner all day with zero chance of ever finding a block.Better than making pennies in a pool.
I use Bitsolo.net but the question always comes up will they pay if i find a block?
Yeah,
A couple more difficulty hikes and the rounding error will make this unit only good for solo mining or a doorstop. Fortunately, I pay a flat rate for utilities from my landlord so I'll just let it run solo.
Happy mining!
Tony
A couple more difficulty hikes and the rounding error will make this unit only good for solo mining or a doorstop. Fortunately, I pay a flat rate for utilities from my landlord so I'll just let it run solo.
Happy mining!
Tony
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.
Better than making pennies in a pool.
True. Especially when you need to mine for months to reach the min payout of your pool.
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.
Better than making pennies in a pool.
You do remember it
297777 was mine.
297777 was mine.
You did what most smalltime miners mining in a pool would love to have done, for no monetary reward in it whatsoever.
You can always know that YOU mined that block. I have 2 TH/S and have not hit my own block yet. I mine on a pool, but that would be an exciting day for me, I'd probably remember that block number the rest of my life hahaha.
You can always know that YOU mined that block. I have 2 TH/S and have not hit my own block yet. I mine on a pool, but that would be an exciting day for me, I'd probably remember that block number the rest of my life
hahaha. 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
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 don't despise you, but only wizards deserve the 25/50 BTC.
Congratulations man. Pretty impressive stuff but solo mining probably is better.
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.
Congrats for finding a block.
Don't feel bad about doing pool mining, as it is exactly working as intended "share the luck, lower the variance"
wow, I want to get back into this lottery now XD
That's the price you pay for mining in the pools. You could have risked it, and found the block with a large payout, but PROBABLY never gotten anything in 50 years. So it is cool, but you might as well stay in the pool since that was probably the one block you'll find in your lifetime. And I doubt anyone will "donate" to you, not sure why they would?
that's nice n all but come back when you can do this...
https://blockchain.info/address/1DHEvQHvo6zFYbTJJ3JBqF31QxVoyCHWtL
and this less than a week later...
https://blockchain.info/address/1G7kqcnzVecarQwjK2FLHxXgmQWPMy1uYj
Yes, yes i know i am tooting my own horn..
BEEEP!
The really sad part is i don't own them anymore.. seems like it says in my sig, i de-invested when i thought i was investing
Icon
PS
And all that was done with a mere 54 mh/s thanks to my well paid for 10000 times over ATI 5670 GPU FTW!
https://blockchain.info/address/1DHEvQHvo6zFYbTJJ3JBqF31QxVoyCHWtL
and this less than a week later...
https://blockchain.info/address/1G7kqcnzVecarQwjK2FLHxXgmQWPMy1uYj
Yes, yes i know i am tooting my own horn..
BEEEP!
The really sad part is i don't own them anymore.. seems like it says in my sig, i de-invested when i thought i was investing
Icon
PS
And all that was done with a mere 54 mh/s thanks to my well paid for 10000 times over ATI 5670 GPU FTW!
Wow, you were incredibly lucky for finding 2 blocks with a GPU in 2013.
that's nice n all but come back when you can do this...
https://blockchain.info/address/1DHEvQHvo6zFYbTJJ3JBqF31QxVoyCHWtL
and this less than a week later...
https://blockchain.info/address/1G7kqcnzVecarQwjK2FLHxXgmQWPMy1uYj
Yes, yes i know i am tooting my own horn..
BEEEP!
The really sad part is i don't own them anymore.. seems like it says in my sig, i de-invested when i thought i was investing
Icon
PS
And all that was done with a mere 54 mh/s thanks to my well paid for 10000 times over ATI 5670 GPU FTW!
https://blockchain.info/address/1DHEvQHvo6zFYbTJJ3JBqF31QxVoyCHWtL
and this less than a week later...
https://blockchain.info/address/1G7kqcnzVecarQwjK2FLHxXgmQWPMy1uYj
Yes, yes i know i am tooting my own horn..
BEEEP!
The really sad part is i don't own them anymore.. seems like it says in my sig, i de-invested when i thought i was investing
Icon
PS
And all that was done with a mere 54 mh/s thanks to my well paid for 10000 times over ATI 5670 GPU FTW!
i dont say anything look picture
200Ghash/s - that's only, oh, 600 times faster than a Block Erupter 
Still, pretty lucky! 
i dont say anything look picture
Congratulations for finding your first block If I'm correct? If you just been solo mining 
But don't worry this is still a good achievement in your Bitcoin mining journey
But don't worry this is still a good achievement in your Bitcoin mining journey Jump to: