One of the guys I bought my old miners from was solo mining, in 6 months he found two, yes TWO blocks with 2.25thash.
Off-course it could happen. It has also to do with a little bit luck.
Topic: Mining Bitcoin solo (Read 5248 times)
Off-course it could happen. It has also to do with a little bit luck.
I am curious, as to how does the number of people mining affect the mining difficulty ?
The number of people mining has no effect, the hashrate does. You could have 1000 people mining at 1ghash each vs 100 people mining at 1 thash each. The latter will raise the difficulty much higher.
I ordered a DICE from technobit to replace my power-hungry S1 I have been using for a while now.
Heya,
I think this will be made possible with some smaller devices by Spondoolies Tech later this year, at least it was on Guy's Agenda to make it fun for home miners to take their chances, kind of like the TechnoBit Lottery device, just a bit more efficient and good-looking
All the best
I think this will be made possible with some smaller devices by Spondoolies Tech later this year, at least it was on Guy's Agenda to make it fun for home miners to take their chances, kind of like the TechnoBit Lottery device, just a bit more efficient and good-looking
All the best
That's how I do it. I start my old S1 a few times a week for a few hours and have it pointed to a solo polo. Just testing my luck and enjoy the humming of my S1. I am long out of the mining game but I like this cheap form of gambling.
I learned the hard way that buying BTC is much cheaper for me than buying miner, psu, raspi's and pay for electricity (and time invested doing setup or maintenance).
I learned the hard way that buying BTC is much cheaper for me than buying miner, psu, raspi's and pay for electricity (and time invested doing setup or maintenance).
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.
If you are just depending on luck then why to use 25ths. Just mine with 1 mhash. to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
hence mining in itself is not profitable for a long run
Even if it is - this is only at current bitcoin price in fiat money.
One of the guys I bought my old miners from was solo mining, in 6 months he found two, yes TWO blocks with 2.25thash.
well 6 month ago was surely easy(diff was lower), and with two tera it may be possible
Yeah unfortunately with the drop in bitcoin value, we all hoped for a drop in difficulty...
42,900,493,761 (+3.94%)
God damnit.
One of the guys I bought my old miners from was solo mining, in 6 months he found two, yes TWO blocks with 2.25thash.
well 6 month ago was surely easy(diff was lower), and with two tera it may be possible
One of the guys I bought my old miners from was solo mining, in 6 months he found two, yes TWO blocks with 2.25thash.
Try other sha256 based coin with low global hashrate 
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.
to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
I think neither solo mining nor cloud mining is profitable, hence mining in itself is not profitable for a long run, and now as time passes by with less BTC for miners as rewards for finding block chain would come into existence hence it would be more and more risky to gain something out of mining
THis might start happening by next year.
I have another 25th we can do a node together and share the rewards i have another post https://bitcointalksearch.org/topic/bitcoin-mining-windows-64bits-885286 in mining support
let me know if you have any advance
thanks
let me know if you have any advance
thanks
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.
to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
I think neither solo mining nor cloud mining is profitable, hence mining in itself is not profitable for a long run, and now as time passes by with less BTC for miners as rewards for finding block chain would come into existence hence it would be more and more risky to gain something out of mining
When the price of Bitcoin rises, buying new equipment can become profitable so people are buying new equipment and the network power increases.
The high maintenance cost will be less in BTC if the price of Bitcoin rises and mining Bitcoin can become more profitable.
You can ROI on cloudmining websites that offers GHS for a cheap price and have low maintenance costs.
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.
to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
I think neither solo mining nor cloud mining is profitable, hence mining in itself is not profitable for a long run, and now as time passes by with less BTC for miners as rewards for finding block chain would come into existence hence it would be more and more risky to gain something out of mining
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.
to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
Yes it is possible with a little luck, with 25Thash of power you should reasonably be able to produce roughly 500 million shares or more a day. so feasably with some luck you could certainly hit a block.
Proof
for you "You can never solo mine its not worth it you will NEVER solve a block" Junkies. Here is how many shares it took for the last few block on the Bitcoin Affiiate Network Mining pool (The best mining pool in the world) i mine in who has had some pretty good luck past couple days.332726 1,109,971,162 <-------- 1 Billion only
332719 67,048,976,224
332598 36,691,044,876
332497 342,491,990 <-------- 342 Million only
332496 27,023,335,912
So to honestly and unbiasedly answer your question YES with a little luck and 25 THS you Could, COULD, POSSIBLY solve a block.
You could also mine for 3 or more months and not solve anything
So better don't try it
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.
to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
Yes it is possible with a little luck, with 25Thash of power you should reasonably be able to produce roughly 500 million shares or more a day. so feasably with some luck you could certainly hit a block.
Proof
for you "You can never solo mine its not worth it you will NEVER solve a block" Junkies. Here is how many shares it took for the last few block on the Bitcoin Affiiate Network Mining pool (The best mining pool in the world) i mine in who has had some pretty good luck past couple days.332726 1,109,971,162 <-------- 1 Billion only
332719 67,048,976,224
332598 36,691,044,876
332497 342,491,990 <-------- 342 Million only
332496 27,023,335,912
So to honestly and unbiasedly answer your question YES with a little luck and 25 THS you Could, COULD, POSSIBLY solve a block.
You could also mine for 3 or more months and not solve anything
This is called Gambling.
If you mine in a pool you will lose 1% of the expected revenue but you will destroy variance.
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.
to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
Yes it is possible with a little luck, with 25Thash of power you should reasonably be able to produce roughly 500 million shares or more a day. so feasably with some luck you could certainly hit a block.
Proof
for you "You can never solo mine its not worth it you will NEVER solve a block" Junkies. Here is how many shares it took for the last few block on the Bitcoin Affiiate Network Mining pool (The best mining pool in the world) i mine in who has had some pretty good luck past couple days.332726 1,109,971,162 <-------- 1 Billion only
332719 67,048,976,224
332598 36,691,044,876
332497 342,491,990 <-------- 342 Million only
332496 27,023,335,912
So to honestly and unbiasedly answer your question YES with a little luck and 25 THS you Could, COULD, POSSIBLY solve a block.
You could also mine for 3 or more months and not solve anything
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. 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.
Solo mining will only make you save the third party risk and fee of the pool so it's barely adding variance to your result and huge variance since you could easily mine 6months and not find a block or get a lower than expected result for years.
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.
that's impossible things to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
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.
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 .
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.
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..
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.
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.
Its possible but the chance isn't that big you found a block.
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. 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.
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).
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. 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.
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.
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. 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.
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.
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.
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... 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/
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....
Hi i see the network of bitcoin have not many miners like i thought
How have you come to this conclusion?
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.
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.
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.
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.
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.
to start solo mining for example with 25 TH/s and catch block with little luck??
Thank you in advance for your time.
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