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Topic: I found a block !!! (Read 8904 times)

legendary
Activity: 938
Merit: 1001
January 15, 2015, 01:05:13 AM
#75
Clarifications on Pool vs Solo Mining

There seems to be a lot of (common) misconceptions when it comes to "block finding". Mainly with the pool-miner who "found the block" regretting that they didn't solo-mine because "look, i'd have 25btc now all for me". Firstly, if every pool only paid out the blockfinder, there would be little point in mining in a pool - you would be better off just solo mining like everyone else - so it works both ways - you all get paid for the shares you submit.

Anyway, now more to the main point.

When you "stratum mine" on a pool (https://mining.bitcoin.cz/stratum-mining) - You're given parts of the pool's block template, with which to "work" - which contains unique header information different to all the other miners on the pool - then you add the nonce/extranonces and so on for your asic to increment and test the hashes are below the difficulty target - meaning that you are only checking a part of the entire possibility of all variations. So finding a block in this scenario is entirely different to "solo mining", in which you would have to check all parts of the block together.
member
Activity: 73
Merit: 10
January 14, 2015, 06:00:24 AM
#74
You may have had to split with others but it's still an achievement.
I wish i would mine one someday  Tongue
sr. member
Activity: 252
Merit: 250
January 11, 2015, 09:14:36 AM
#73
well finding a block on the pool sure its deprecianting but in a solo mode its like 25 BTCs in one day damn could get to 7000 dollars good job
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
January 01, 2015, 09:42:37 PM
#72
Are there any waye to grab found block totally for youself while mining in a pool?
No, you're mining towards the pool's wallet and there is absolutely no way to redirect it.
hero member
Activity: 602
Merit: 500
hyperboria - next internet
January 01, 2015, 04:13:29 PM
#71
Are there any waye to grab found block totally for youself while mining in a pool?
hero member
Activity: 1022
Merit: 500
December 27, 2014, 04:02:12 PM
#70
Still have yet to find a block myself since the ASIC revolution, and I'm hashing 5 THash. Back when I was hashing 3 or so GHash on GPUs, I wound up discovering 11 blocks as part of a pool. It is luck and risk really. I look back and do the math thinking I could have earned 550 BTC at that time, but reality due to pool mining is I earned half that. I miss the days of pulling in 10 BTC a week... Cheesy
GPU mining back in 2010 would porbably be really cool and easy. When was the pool system intrduced?

How did you earn only 50% of what you should have earned because of pool mining??
full member
Activity: 168
Merit: 100
December 20, 2014, 01:10:17 PM
#69
Still have yet to find a block myself since the ASIC revolution, and I'm hashing 5 THash. Back when I was hashing 3 or so GHash on GPUs, I wound up discovering 11 blocks as part of a pool. It is luck and risk really. I look back and do the math thinking I could have earned 550 BTC at that time, but reality due to pool mining is I earned half that. I miss the days of pulling in 10 BTC a week... Cheesy
GPU mining back in 2010 would porbably be really cool and easy. When was the pool system intrduced?
member
Activity: 75
Merit: 10
December 19, 2014, 11:46:14 AM
#68
Still have yet to find a block myself since the ASIC revolution, and I'm hashing 5 THash. Back when I was hashing 3 or so GHash on GPUs, I wound up discovering 11 blocks as part of a pool. It is luck and risk really. I look back and do the math thinking I could have earned 550 BTC at that time, but reality due to pool mining is I earned half that. I miss the days of pulling in 10 BTC a week... Cheesy
newbie
Activity: 1
Merit: 0
December 19, 2014, 09:40:37 AM
#67
Amazing guys
legendary
Activity: 2282
Merit: 1035
December 18, 2014, 10:23:53 AM
#66
Hitting the block solo on an altcoin is a nice rush too. It's exciting to be the moving part in the blockchain process.

There is no way to compare finding block BTC to Alts Smiley Difference is far too big Smiley But it's true - it is always exciting Wink
full member
Activity: 182
Merit: 100
December 18, 2014, 12:04:28 AM
#65
FInding a block is amazing and rare, you could have got 25 BTC reward, if you werent part of a pool.
But its hard to predict, if you ever will.
legendary
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
December 17, 2014, 08:05:10 PM
#64
I found some blocks years ago  Cry
With solomining.com you would have won a block for you haha
Good luck in the future Wink
full member
Activity: 165
Merit: 100
December 17, 2014, 07:13:52 PM
#63
and ur overlcocked too.  amazing.  just amazing!!

sr. member
Activity: 658
Merit: 250
December 16, 2014, 09:10:11 AM
#62
few months ago, I found three blocks on slush pool. Undecided
hero member
Activity: 728
Merit: 500
December 14, 2014, 05:26:17 PM
#61
Unfortunately I was pool mining...

Note that I did not receive anything extra for finding it!

But still! One of my Antminer S3+ found a block shortly after I restarted them.

Has anyone else found one?

https://i.imgur.com/GV4PThB.png


EDIT: I've switch to eligius.st pool.

Would of been a lot better if it was solo mining but then again might of never found the block solo mining as pool mining is combined power so its tough one to judge but none the less good one for finding the block would be nice if you actually got the 25 BTC for it would be nice Christmas for you Smiley

Maybe back in 2010 you could have, but now its like a jackpot if you do so.
Without a pool chances are almost none.
I found 2 blocks  within 3 or 4 days in 2011 on a solo mining  ~200 Mhash computer Wink
Old good times!!
That's so illustrative of how high the difficulty has gone since those days. Simply incredible.
member
Activity: 115
Merit: 10
December 14, 2014, 03:42:39 PM
#60
Unfortunately I was pool mining...

Note that I did not receive anything extra for finding it!

But still! One of my Antminer S3+ found a block shortly after I restarted them.

Has anyone else found one?

https://i.imgur.com/GV4PThB.png


EDIT: I've switch to eligius.st pool.

Would of been a lot better if it was solo mining but then again might of never found the block solo mining as pool mining is combined power so its tough one to judge but none the less good one for finding the block would be nice if you actually got the 25 BTC for it would be nice Christmas for you Smiley

Maybe back in 2010 you could have, but now its like a jackpot if you do so.
Without a pool chances are almost none.
I found 2 blocks  within 3 or 4 days in 2011 on a solo mining  ~200 Mhash computer Wink
Old good times!!
newbie
Activity: 53
Merit: 0
December 14, 2014, 01:42:51 PM
#59
Thats awesome! Frame a screen shot on the wall lol
full member
Activity: 182
Merit: 100
December 14, 2014, 01:34:45 PM
#58
Unfortunately I was pool mining...

Note that I did not receive anything extra for finding it!

But still! One of my Antminer S3+ found a block shortly after I restarted them.

Has anyone else found one?

https://i.imgur.com/GV4PThB.png


EDIT: I've switch to eligius.st pool.

Would of been a lot better if it was solo mining but then again might of never found the block solo mining as pool mining is combined power so its tough one to judge but none the less good one for finding the block would be nice if you actually got the 25 BTC for it would be nice Christmas for you Smiley

Maybe back in 2010 you could have, but now its like a jackpot if you do so.
Without a pool chances are almost none.
legendary
Activity: 1820
Merit: 1001
December 13, 2014, 10:03:25 PM
#57
Unfortunately I was pool mining...

Note that I did not receive anything extra for finding it!

But still! One of my Antminer S3+ found a block shortly after I restarted them.

Has anyone else found one?

https://i.imgur.com/GV4PThB.png


EDIT: I've switch to eligius.st pool.

Would of been a lot better if it was solo mining but then again might of never found the block solo mining as pool mining is combined power so its tough one to judge but none the less good one for finding the block would be nice if you actually got the 25 BTC for it would be nice Christmas for you Smiley
full member
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
December 12, 2014, 05:57:51 PM
#56
Unfortunately I was pool mining...

Note that I did not receive anything extra for finding it!

But still! One of my Antminer S3+ found a block shortly after I restarted them.

Has anyone else found one?

https://i.imgur.com/GV4PThB.png


EDIT: I've switch to eligius.st pool.

I am new to mining. Whats the approximate amount you get if you find a block? Isn't it around 50 BTC?

25 BTC per block

Thats really nice. Would be much cool, if you were not part of a pool Tongue
Finding a block is really lucky speciialy with so many miners.
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