Mining Bitcoin solo - page 2. | Bitcointalksearch.org

thompete

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Quote from: Klubknuckle on December 01, 2014, 08:34:21 AM

Quote from: zen2 on November 23, 2014, 07:34:31 AM

Hi i see the network of bitcoin have not many miners like i thought because of pools i guess, is it possible then
to start solo mining for example with 25 TH/s and catch block with little luck??

Thank you in advance for your time.

I actually prefer not to solo mining as its consider gambling. And I prefer primedice for that..

Well not everyone considers mining as gambling

You can definitely catch a block solo mining at 25th/s. But there is always a factor of luck with it .

Klubknuckle

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Quote from: zen2 on November 23, 2014, 07:34:31 AM

Hi i see the network of bitcoin have not many miners like i thought because of pools i guess, is it possible then
to start solo mining for example with 25 TH/s and catch block with little luck??

Thank you in advance for your time.

I actually prefer not to solo mining as its consider gambling. And I prefer primedice for that..

allcoinminer

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Quote from: zen2 on November 23, 2014, 07:34:31 AM

Hi i see the network of bitcoin have not many miners like i thought because of pools i guess, is it possible then
to start solo mining for example with 25 TH/s and catch block with little luck??

Thank you in advance for your time.

A straight answer to your question is no your effort is not value for the time spent to find the block.
Your 25TH is a little more, but that's not enough to think to do solo mining.
If you only want to consider it as a lottery then try it, but power consumption will be a major issue.
Consider pool mining with your 25TH if you get more than what you spend on electricity charge.

avw1982

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Its possible but the chance isn't that big you found a block.

OverHash

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Quote from: Ruthful on December 01, 2014, 01:26:40 AM

Quote from: goozman96 on December 01, 2014, 12:50:52 AM

Quote from: timk225 on November 29, 2014, 07:15:33 AM

At 40 BILLION difficulty, solo mining bitcoin is like climbing up the side of a mountain by yourself with a hammer and chisel and starting to create the next Mount Rushmore.

That odd analogy just came to me, so I had to type it.

So in other words, don't bother solo mining. No profit. And if there's no profit, it ain't worth doing.

Nice analogy. But there's still always the possibility of finding a block. Winning the lottery isn't probable, but millions still play it.

Finding a block will net around 9.5K(USD) worth of bitcoin at current price.
I'm not familiar witrh the lottery system you guys have there so I can't really say how much a lottery win stacks to this in terms of cost(lottery ticket vs mining rig purchase and maintenance) and winning odds.

Essentially solo mining is a game of odds, you could find a block in 10 seconds or it could take you 1 year (highly exaggerated) where as pooled mining payouts are more regular (although chance still plays a part).

Ruthful

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Quote from: goozman96 on December 01, 2014, 12:50:52 AM

Quote from: timk225 on November 29, 2014, 07:15:33 AM

At 40 BILLION difficulty, solo mining bitcoin is like climbing up the side of a mountain by yourself with a hammer and chisel and starting to create the next Mount Rushmore.

That odd analogy just came to me, so I had to type it.

So in other words, don't bother solo mining. No profit. And if there's no profit, it ain't worth doing.

Nice analogy. But there's still always the possibility of finding a block. Winning the lottery isn't probable, but millions still play it.

Finding a block will net around 9.5K(USD) worth of bitcoin at current price.
I'm not familiar witrh the lottery system you guys have there so I can't really say how much a lottery win stacks to this in terms of cost(lottery ticket vs mining rig purchase and maintenance) and winning odds.

goozman96

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Quote from: timk225 on November 29, 2014, 07:15:33 AM

At 40 BILLION difficulty, solo mining bitcoin is like climbing up the side of a mountain by yourself with a hammer and chisel and starting to create the next Mount Rushmore.

That odd analogy just came to me, so I had to type it.

So in other words, don't bother solo mining. No profit. And if there's no profit, it ain't worth doing.

Nice analogy. But there's still always the possibility of finding a block. Winning the lottery isn't probable, but millions still play it.

timk225

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Activity: 955

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At 40 BILLION difficulty, solo mining bitcoin is like climbing up the side of a mountain by yourself with a hammer and chisel and starting to create the next Mount Rushmore.

That odd analogy just came to me, so I had to type it.

So in other words, don't bother solo mining. No profit. And if there's no profit, it ain't worth doing.

Rabinovitch

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A humble Siberian miner

Quote from: transient858 on November 23, 2014, 10:13:15 AM

What is your goal with solo mining? If you are trying to profit from mining, look else where.

Yep, with 25 Th it's better mine at pool - same profit for several monthes (3-4) as if he catch a block...

goozman96

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Quote from: bitkings on November 23, 2014, 01:14:46 PM

Definitely, you can, even for as less as 100GH/S, you can always do solo-mining, but you just have to download all the blockchain data which is like 20Gb....

You can do solo mining via offered services too, such as http://solo.ckpool.org/

bitkings

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Definitely, you can, even for as less as 100GH/S, you can always do solo-mining, but you just have to download all the blockchain data which is like 20Gb....

os2sam

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Think for yourself

Quote from: zen2 on November 23, 2014, 07:34:31 AM

Hi i see the network of bitcoin have not many miners like i thought

How have you come to this conclusion?

transient858

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Quote from: zen2 on November 23, 2014, 07:34:31 AM

Hi i see the network of bitcoin have not many miners like i thought because of pools i guess, is it possible then
to start solo mining for example with 25 TH/s and catch block with little luck??

Thank you in advance for your time.

What is your goal with solo mining? If you are trying to profit from mining, look else where.

RoadStress

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Quote from: zen2 on November 23, 2014, 07:34:31 AM

Hi i see the network of bitcoin have not many miners like i thought because of pools i guess, is it possible then
to start solo mining for example with 25 TH/s and catch block with little luck??

Thank you in advance for your time.

It is possible to find a block even with 1GH/s, but highly unlikely. Without any difficulty increase it will take an average of ~80 days to find a block with 25TH/s, but you might be lucky to find 2+ blocks in those 80 days or you can find a block in 1 year.

zen2

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Activity: 155

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Hi i see the network of bitcoin have not many miners like i thought because of pools i guess, is it possible then
to start solo mining for example with 25 TH/s and catch block with little luck??

Thank you in advance for your time.

Topic: Mining Bitcoin solo - page 2. (Read 5248 times)