mining one block with low hashrate | Bitcointalksearch.org

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Quote from: safar1980 on May 24, 2023, 10:26:23 AM

Quote from: GR Sasa on May 24, 2023, 03:05:42 AM

Quote from: safar1980 on May 23, 2023, 02:43:08 PM

How do you think this miner got the block? Did he do experiments on old ASICs that returned investments, or was he purposefully ready to take risks and pay for electricity for a long time? I also think that this miner is very lucky, but there are many such dreamers among experienced miners, so they mine bitcoin with a small hashrate.

So your saying dreams cannot become true? It does mate! So let people keep dreaming to solve a block with a lower hashrate.

Some dreamer miners manage to mine a block, so solo mining with a small hashrate works.
But if you mine bitcoin on a pool with a low hashrate, then you will soon turn off the asics, because the profit will decrease every month. I do not have the possibility of additional electricity consumption in my house, so I cannot buy more ASICs.

There is chance for each miner whether they are dreamers or not, and yes the solo mining thing works even with very low hash rate, but the ones who find a block with low hash rate by solo mining might be the luckiest people in the world. The dreamers should understand that there are thousands of rich whales who have enough hash power to ruin their dreams and that's a reality and it should not be kept in dark.

I know luck sometimes has more power than hash rate, but in most cases the higher hash rate is the true winner. Back to OP, unless you're a very lucky person, you aren't going to find a block with low hash rate that's generated with the help of a GPU and that's a fact. I'm not here to discourage you but that's the truth and you must have to swallow it.

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Mysterious Anonymous Bitcoin Miner Rakes in $1.7 Million in $BTC Rewards in a Day

"A mysterious new cryptocurrency miner has managed to, seemingly as a new participant, mine over $1.7 million worth of the flagship cryptocurrency Bitcoin ($BTC) within a single day by managing to find numerous blocks.

Each Bitcoin block contains 6.25 BTC, along with the transaction fees paid for the transactions included in that block. The fact that the miner’s identity remains obscured has piqued interest across established mining pools, as it eluded notable names like Binance Pool and AntPool."

Are you also interested in what hashrate this miner worked with?
I think with such luck it was not a small hashrate.

darkv0rt3x

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Quote from: FP91G on May 24, 2023, 04:12:43 PM

Quote from: darkv0rt3x on May 24, 2023, 03:07:18 PM

Quote from: Z-tight on May 24, 2023, 06:35:26 AM

Quote from: GR Sasa on May 24, 2023, 03:05:42 AM

So your saying dreams cannot become true? It does mate! So let people keep dreaming to solve a block with a lower hashrate.

Mining is a business that you invest money into if you want it to be profitable for you, it is not a leisurely activity you should do for passive income and dream of making profits one day, a day you don't even know if it might come. If you can afford to have enough computational power, solo mining is great, but if you don't, you should join a mining pool and contribute your hashrate to the pool, the little profit you will make that way is better than waiting for an uncertain time that may not come.

We all understand the chances and of course it will be an infinitesimaly small chance, but it is a chance no matter what. So why not? These devices won't take a toll on your electricity bill whatsoever. So, once again, why not? It's better that than to have the device lying there doing absolutely nothing!

If these are asics 80-100 Terahesh, then paying 1000-2000 dollars per month for electricity will not be small for the miner.
I have not experimented for more than a month, because these are big losses.
It is more interesting to mine altcoins in solo, but the statistics are different.
https://k1pool.com/pool

No... It's an ESP32 device that uses no more than a few miliamps. It's a vey low hashrate. It costs nothing to run it so why not??? No shitcoinery, please! At least for me.

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Quote from: darkv0rt3x on May 24, 2023, 03:07:18 PM

Quote from: Z-tight on May 24, 2023, 06:35:26 AM

Quote from: GR Sasa on May 24, 2023, 03:05:42 AM

So your saying dreams cannot become true? It does mate! So let people keep dreaming to solve a block with a lower hashrate.

Mining is a business that you invest money into if you want it to be profitable for you, it is not a leisurely activity you should do for passive income and dream of making profits one day, a day you don't even know if it might come. If you can afford to have enough computational power, solo mining is great, but if you don't, you should join a mining pool and contribute your hashrate to the pool, the little profit you will make that way is better than waiting for an uncertain time that may not come.

We all understand the chances and of course it will be an infinitesimaly small chance, but it is a chance no matter what. So why not? These devices won't take a toll on your electricity bill whatsoever. So, once again, why not? It's better that than to have the device lying there doing absolutely nothing!

If these are asics 80-100 Terahesh, then paying 1000-2000 dollars per month for electricity will not be small for the miner.
I have not experimented for more than a month, because these are big losses.
It is more interesting to mine altcoins in solo, but the statistics are different.
https://k1pool.com/pool

darkv0rt3x

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Quote from: Z-tight on May 24, 2023, 06:35:26 AM

Quote from: GR Sasa on May 24, 2023, 03:05:42 AM

So your saying dreams cannot become true? It does mate! So let people keep dreaming to solve a block with a lower hashrate.

Mining is a business that you invest money into if you want it to be profitable for you, it is not a leisurely activity you should do for passive income and dream of making profits one day, a day you don't even know if it might come. If you can afford to have enough computational power, solo mining is great, but if you don't, you should join a mining pool and contribute your hashrate to the pool, the little profit you will make that way is better than waiting for an uncertain time that may not come.

We all understand the chances and of course it will be an infinitesimaly small chance, but it is a chance no matter what. So why not? These devices won't take a toll on your electricity bill whatsoever. So, once again, why not? It's better that than to have the device lying there doing absolutely nothing!

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Quote from: GR Sasa on May 24, 2023, 03:05:42 AM

Quote from: safar1980 on May 23, 2023, 02:43:08 PM

How do you think this miner got the block? Did he do experiments on old ASICs that returned investments, or was he purposefully ready to take risks and pay for electricity for a long time? I also think that this miner is very lucky, but there are many such dreamers among experienced miners, so they mine bitcoin with a small hashrate.

So your saying dreams cannot become true? It does mate! So let people keep dreaming to solve a block with a lower hashrate.

Some dreamer miners manage to mine a block, so solo mining with a small hashrate works.
But if you mine bitcoin on a pool with a low hashrate, then you will soon turn off the asics, because the profit will decrease every month. I do not have the possibility of additional electricity consumption in my house, so I cannot buy more ASICs.

Z-tight

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Quote from: GR Sasa on May 24, 2023, 03:05:42 AM

So your saying dreams cannot become true? It does mate! So let people keep dreaming to solve a block with a lower hashrate.

Mining is a business that you invest money into if you want it to be profitable for you, it is not a leisurely activity you should do for passive income and dream of making profits one day, a day you don't even know if it might come. If you can afford to have enough computational power, solo mining is great, but if you don't, you should join a mining pool and contribute your hashrate to the pool, the little profit you will make that way is better than waiting for an uncertain time that may not come.

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Quote from: cafter on April 07, 2023, 06:06:58 AM

is it possible to mine a block with hashrate lower then mining pools(or which have very high hashrate with lot of gpu)

if, yes then in what condition it's possible. ?

and anyone mined a block by low hashrate?

Yes it is still possible to mine with low hashrate. It just means that solving the block is slow. This is because a miner has very low chances of solving the block. But if there is an opportunity, they will still try to solve it, that's why they call the network probabilistic.

But you should also be aware of the risk, because of its low hashrate, there are also chances that it won't be able to solve a block.
And when that happens you have no profit of course. So if you really want to earn even if the hashrate is low, you should use efficient miners.

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Quote from: safar1980 on May 23, 2023, 02:43:08 PM

How do you think this miner got the block? Did he do experiments on old ASICs that returned investments, or was he purposefully ready to take risks and pay for electricity for a long time? I also think that this miner is very lucky, but there are many such dreamers among experienced miners, so they mine bitcoin with a small hashrate.

So your saying dreams cannot become true? It does mate! So let people keep dreaming to solve a block with a lower hashrate.

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Quote from: Z390 on May 23, 2023, 01:38:55 PM

You will get old trying to solve a Bitcoin block using a very low hash rate, it's not worth it, if someone I know plans to do solo mining I will advice them to use a higher hash rate, even with higher hash rate the chances are still low and you are talking about using a low hash rate? That's going to take like forever to solve a single block, those who got a block solved using low hash rate are lucky and that's like 1 out of thousands of Bitcoin miners using low hash rate on solo mining, it's not worth it.

How do you think this miner got the block? Did he do experiments on old ASICs that returned investments, or was he purposefully ready to take risks and pay for electricity for a long time? I also think that this miner is very lucky, but there are many such dreamers among experienced miners, so they mine bitcoin with a small hashrate.

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You will get old trying to solve a Bitcoin block using a very low hash rate, it's not worth it, if someone I know plans to do solo mining I will advice them to use a higher hash rate, even with higher hash rate the chances are still low and you are talking about using a low hash rate? That's going to take like forever to solve a single block, those who got a block solved using low hash rate are lucky and that's like 1 out of thousands of Bitcoin miners using low hash rate on solo mining, it's not worth it.

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Quote from: darkv0rt3x on May 23, 2023, 10:41:48 AM

Quote from: safar1980 on May 23, 2023, 10:25:49 AM

Congratulations to miner bc1q0ftg0p7ljsj3m32e22ned92536gr5tafctr7mp who solved the 274th solo block at http://solo.ckpool.org with approximately 750TH
https://explorer.btc.com/btc/block/790958
https://twitter.com/ckpooldev/status/1660799764332519425?

According to BTC.com, the user received a reward of 6.25 BTC and a commission of 0.24 BTC for a total of $177,115 at the exchange rate at the time of writing.
This is already block 247 within CKPool. According to Kolivas, on average, this equipment capacity allows mining a block once every 9 years, given the current complexity.

Precisely. Very tiny chance, but it is there! When all things get aligned (the comets and the stars and all cosmos :p), these things happen!
In my opinion, every new house built, should include a miner and in case the owner wants, it could be connected and mining to the owner! This could also be a way of keeping hashrate a bit more decentralised.

Then you need to use at least 3 Antminer S19 XP Hyd (255Th) asics, and pay for their electricity consumption of 16 kilowatts per hour. Such ASICs cost from $6,000 to $8,000 and you will also need a water cooling system. Or buy analogues of MicroBT Whatsminer M33S ++, but then the electricity consumption will be 22 kilowatts per hour.

darkv0rt3x

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Quote from: safar1980 on May 23, 2023, 10:25:49 AM

Congratulations to miner bc1q0ftg0p7ljsj3m32e22ned92536gr5tafctr7mp who solved the 274th solo block at http://solo.ckpool.org with approximately 750TH
https://explorer.btc.com/btc/block/790958
https://twitter.com/ckpooldev/status/1660799764332519425?

According to BTC.com, the user received a reward of 6.25 BTC and a commission of 0.24 BTC for a total of $177,115 at the exchange rate at the time of writing.
This is already block 247 within CKPool. According to Kolivas, on average, this equipment capacity allows mining a block once every 9 years, given the current complexity.

Precisely. Very tiny chance, but it is there! When all things get aligned (the comets and the stars and all cosmos :p), these things happen!
In my opinion, every new house built, should include a miner and in case the owner wants, it could be connected and mining to the owner! This could also be a way of keeping hashrate a bit more decentralised.

safar1980

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Congratulations to miner bc1q0ftg0p7ljsj3m32e22ned92536gr5tafctr7mp who solved the 274th solo block at http://solo.ckpool.org with approximately 750TH
https://explorer.btc.com/btc/block/790958
https://twitter.com/ckpooldev/status/1660799764332519425?

According to BTC.com, the user received a reward of 6.25 BTC and a commission of 0.24 BTC for a total of $177,115 at the exchange rate at the time of writing.
This is already block 247 within CKPool. According to Kolivas, on average, this equipment capacity allows mining a block once every 9 years, given the current complexity.

darkv0rt3x

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Quote from: mikeywith on April 27, 2023, 09:41:38 PM

Quote from: darkv0rt3x on April 27, 2023, 01:16:48 PM

I can. It's a matter of luck, but of course that the chances are inifitely small. That's why it is called Lotery minning. I'm running an ESP32 chip as a miner. I'm mining at around 11kH/s.

It was just for the fun, of course, I'm not expect to ever mine any block!

While mining with any kind of hashrate gives you a chance to solve a block, doing so with anything but ASIC (USB sticks and higher) is just a terrible way of doing thins, for one, the power consumption on something like a GPU is going to be higher by a few orders of magnitudes when comparing wat per hash, the second reason would be not knowing if your miner is actually working.

When solo mining to a pool there will be a minimum difficulty target at which you need to submit shares at to get pool status so you know your miner is up and running without any issues (viewing that locally alone could be misleading), mining with something like 11kH/s means you won't even know if your gear is online, it will take you a while just to get a share above pool difficulty so let alone network difficulty.

I am not against doing that for the sole purpose of learning, but treating it as a lottery ticket will require an ASIC of some kind, and to those who think well, mining with a 1TB USB stick still has almost no chance, ya that's true, but mining with a CPU or a GPU is worse by A LOT, with the 1TB it's like hunting a rabbit at 12AM in the middle of the woods, with a GPU/CPU it becomes like trying to get a headshot on a mosquito that lives in the next country.

I'm aware. And it's just for the fun, of course. And on top of it, the ESP32 device is working at work office, not even at my home. So, I'm not expending a single dime, not even the ESP32 itself. It is from work too. :p

Quote from: FP91G on April 28, 2023, 06:39:31 AM

Quote from: darkv0rt3x on April 27, 2023, 01:16:48 PM

Quote from: BitMaxz on April 07, 2023, 03:29:28 PM

I don't think that you can still mine a block with GPU it would take years before it can find a block and mine it and if you are bad luck it may also turn into orphaned.

There is much news before I think last year on solo ckpool someone mined a block with a low hashrate USB miner I guess. So you still have a chance to mine a block with low hashrate but not on GPU because it can eat much power compared to ASIC-based miners. Just take note the lower the hashrate the lower the chance that you can find and mine a block.

I can. It's a matter of luck, but of course that the chances are inifitely small. That's why it is called Lotery minning. I'm running an ESP32 chip as a miner. I'm mining at around 11kH/s.

It was just for the fun, of course, I'm not expect to ever mine any block!

What pool are you using for this?
A lot also depends on the speed of the pool so that it is the first to transfer your result.
11kH/s is very very very low today for bitcoin mining and the chances that the equipment will break earlier are very high.

I have to check in the code but I think I remember to see some link of ckpool or something like that!

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Quote from: darkv0rt3x on April 27, 2023, 01:16:48 PM

Quote from: BitMaxz on April 07, 2023, 03:29:28 PM

I don't think that you can still mine a block with GPU it would take years before it can find a block and mine it and if you are bad luck it may also turn into orphaned.

There is much news before I think last year on solo ckpool someone mined a block with a low hashrate USB miner I guess. So you still have a chance to mine a block with low hashrate but not on GPU because it can eat much power compared to ASIC-based miners. Just take note the lower the hashrate the lower the chance that you can find and mine a block.

I can. It's a matter of luck, but of course that the chances are inifitely small. That's why it is called Lotery minning. I'm running an ESP32 chip as a miner. I'm mining at around 11kH/s.

It was just for the fun, of course, I'm not expect to ever mine any block!

What pool are you using for this?
A lot also depends on the speed of the pool so that it is the first to transfer your result.
11kH/s is very very very low today for bitcoin mining and the chances that the equipment will break earlier are very high.

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Quote from: darkv0rt3x on April 27, 2023, 01:16:48 PM

I can. It's a matter of luck, but of course that the chances are inifitely small. That's why it is called Lotery minning. I'm running an ESP32 chip as a miner. I'm mining at around 11kH/s.

It was just for the fun, of course, I'm not expect to ever mine any block!

While mining with any kind of hashrate gives you a chance to solve a block, doing so with anything but ASIC (USB sticks and higher) is just a terrible way of doing thins, for one, the power consumption on something like a GPU is going to be higher by a few orders of magnitudes when comparing wat per hash, the second reason would be not knowing if your miner is actually working.

When solo mining to a pool there will be a minimum difficulty target at which you need to submit shares at to get pool status so you know your miner is up and running without any issues (viewing that locally alone could be misleading), mining with something like 11kH/s means you won't even know if your gear is online, it will take you a while just to get a share above pool difficulty so let alone network difficulty.

I am not against doing that for the sole purpose of learning, but treating it as a lottery ticket will require an ASIC of some kind, and to those who think well, mining with a 1TB USB stick still has almost no chance, ya that's true, but mining with a CPU or a GPU is worse by A LOT, with the 1TB it's like hunting a rabbit at 12AM in the middle of the woods, with a GPU/CPU it becomes like trying to get a headshot on a mosquito that lives in the next country.

darkv0rt3x

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Quote from: BitMaxz on April 07, 2023, 03:29:28 PM

I don't think that you can still mine a block with GPU it would take years before it can find a block and mine it and if you are bad luck it may also turn into orphaned.

There is much news before I think last year on solo ckpool someone mined a block with a low hashrate USB miner I guess. So you still have a chance to mine a block with low hashrate but not on GPU because it can eat much power compared to ASIC-based miners. Just take note the lower the hashrate the lower the chance that you can find and mine a block.

I can. It's a matter of luck, but of course that the chances are inifitely small. That's why it is called Lotery minning. I'm running an ESP32 chip as a miner. I'm mining at around 11kH/s.

It was just for the fun, of course, I'm not expect to ever mine any block!

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Quote from: FP91G on April 07, 2023, 06:44:44 AM

It is possible if you are very lucky.

True

you need dozen tons of luck tho if you are using an old chip get single "accepted" transaction in prompt would be hard.

If you want to test lucky that is totally fine but I do recommend if you have money to buy new machine that more efficient and at least give you money back in return if you dont have the money right now just do DCA bitcoin price right now and the price is really tempting too at this point

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Don't dream about it OP, there are many dreamers out there that want to solve a Bitcoin block with very low hashrate, the last time I visited China there are some people still mining Bitcoin with USB stick hoping and praying that they solve a block one day, the truth is many people are also trying their luck as we speak, and the chances of getting lucky are almost zero, even if someone has to luckily solve a block, it might not be you.

Don't embark on this journey because it could waste your time, get a proper EH hashing power and try your luck, the higher your hashrate the higher your chances of mining a block for yourself.

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