My miner status says it has found a block, does it mean i can get the 12.5BTC

adz1922

newbie

Activity: 51

Merit: 0

Quote from: -ck on April 12, 2017, 03:44:22 PM

Quote from: adz1922 on April 12, 2017, 08:52:37 AM

hehe. i just thought it was very little chance.... anyway, thank you very much for all your response now i have to think about it if i would go solo mining when i get 4 more s9 XD

If you do, don't forget the best solo mining service available:
https://bitcointalksearch.org/topic/yh-solockpoolorg-2-fee-solo-mining-usade-255-blocks-solved-763510

thank you sir

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: adz1922 on April 12, 2017, 08:52:37 AM

hehe. i just thought it was very little chance.... anyway, thank you very much for all your response now i have to think about it if i would go solo mining when i get 4 more s9 XD

If you do, don't forget the best solo mining service available:
https://bitcointalksearch.org/topic/yh-solockpoolorg-2-fee-solo-mining-usade-255-blocks-solved-763510

adz1922

newbie

Activity: 51

Merit: 0

hehe. i just thought it was very little chance.... anyway, thank you very much for all your response now i have to think about it if i would go solo mining when i get 4 more s9 XD

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: adz1922 on April 12, 2017, 06:40:35 AM

oh ok, because i thought it was really impossible for anyone having less than 20 TH/s to find a block.

If it were impossible then there's no way a pool would pay you to mine with them

adz1922

newbie

Activity: 51

Merit: 0

Quote from: -ck on April 12, 2017, 04:06:51 AM

Quote from: ImHash on April 12, 2017, 12:42:26 AM

Pardon the intrusion but how can one mine altcoins with bitcoin miners and not knowing it? aren't pools sharing the reward pps/ ppLns? OP should get the reward according to his hash rate, total pool's hash power and the 24 hours block found then shared the reward factoring luck or just pay per share minus the pool fees.

There are pools that merge mine and when you solve a block it doesn't tell you whether you soled a merged coin or a real one. Additionally services like nicehash which appears to be a pool is actually a rental service and you could be mining any old shit even if you're paid it bitcoin.

Quote from: adz1922 on April 12, 2017, 12:56:50 AM

Quote from: -ck on April 12, 2017, 12:12:43 AM

Quote from: adz1922 on April 11, 2017, 11:51:07 PM

so what are you saying? are you saying that i was only able to find that block because of the help of others in the pool?

No, you were plain lucky.

are you being sarcastic or what? because by this, i am now thinking about solo mining.....

Absolutely no sarcasm whatsoever. I have no idea how you come to the second conclusion based on my comment. You were extremely lucky; why on earth do you expect you'll be lucky enough to solve a block again?

oh ok, because i thought it was really impossible for anyone having less than 20 TH/s to find a block. and i just started mining less than 5 days ago!

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: ImHash on April 12, 2017, 12:42:26 AM

Pardon the intrusion but how can one mine altcoins with bitcoin miners and not knowing it? aren't pools sharing the reward pps/ ppLns? OP should get the reward according to his hash rate, total pool's hash power and the 24 hours block found then shared the reward factoring luck or just pay per share minus the pool fees.

There are pools that merge mine and when you solve a block it doesn't tell you whether you soled a merged coin or a real one. Additionally services like nicehash which appears to be a pool is actually a rental service and you could be mining any old shit even if you're paid it bitcoin.

Quote from: adz1922 on April 12, 2017, 12:56:50 AM

Quote from: -ck on April 12, 2017, 12:12:43 AM

Quote from: adz1922 on April 11, 2017, 11:51:07 PM

so what are you saying? are you saying that i was only able to find that block because of the help of others in the pool?

No, you were plain lucky.

are you being sarcastic or what? because by this, i am now thinking about solo mining.....

Absolutely no sarcasm whatsoever. I have no idea how you come to the second conclusion based on my comment. You were extremely lucky; why on earth do you expect you'll be lucky enough to solve a block again?

HagssFIN

legendary

Activity: 2464

Merit: 1710

Electrical engineer. Mining since 2014.

The possibility to find a block in solo mining is really small with small hash rate.

That is why -ck said you were plain lucky.

Quartx

hero member

Activity: 1036

Merit: 504

Becoming legend, but I took merit to the knee :(

Please go solo mining so we can hear you complain about not finding any new blocks on your own in another thread a few weeks from now.

Just because you got lucky once doesnt mean anything, luck is nothing in bitcoin mining..Just stick with your pool and hope you continue to "get lucky", or go solo mine and get nothing with your hash rates

adz1922

newbie

Activity: 51

Merit: 0

Quote from: -ck on April 12, 2017, 12:12:43 AM

Quote from: adz1922 on April 11, 2017, 11:51:07 PM

so what are you saying? are you saying that i was only able to find that block because of the help of others in the pool?

No, you were plain lucky.

are you being sarcastic or what? because by this, i am now thinking about solo mining.....

ImHash

hero member

Activity: 924

Merit: 506

Pardon the intrusion but how can one mine altcoins with bitcoin miners and not knowing it? aren't pools sharing the reward pps/ ppLns? OP should get the reward according to his hash rate, total pool's hash power and the 24 hours block found then shared the reward factoring luck or just pay per share minus the pool fees.
Unless of course you solo mine which you get the whole reward for your self, and each mined block should receive 100 confirmations/ 100 blocks mined on top of it.

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: adz1922 on April 11, 2017, 11:51:07 PM

so what are you saying? are you saying that i was only able to find that block because of the help of others in the pool?

No, you were plain lucky.

adz1922

newbie

Activity: 51

Merit: 0

Quote from: -ck on April 11, 2017, 10:42:09 PM

Quote from: adz1922 on April 11, 2017, 10:37:54 PM

Quote from: HagssFIN on April 11, 2017, 10:36:46 PM

If you mine in a pool and you find a block, the block reward is shared among all the pool miners.
You don't get to keep it yourself.
How do you think miners in the pool would get paid otherwise?

yes, i understand that bro.
again, i just wanna know if I did really get lucky to have found a block.

so, it is possible to find a block even when solo mining. that's what i was trying to find out

Yes it's possible to find a block no matter how small your hashrate is; that's the whole point of pooled mining - you get paid for the likelihood of you finding a block for the pool. Even one hash is enough to find a block, but your chance of that one hash being a block is 1 in 20 billion (diff * 2^32).

so what are you saying? are you saying that i was only able to find that block because of the help of others in the pool?

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: adz1922 on April 11, 2017, 10:37:54 PM

Quote from: HagssFIN on April 11, 2017, 10:36:46 PM

If you mine in a pool and you find a block, the block reward is shared among all the pool miners.
You don't get to keep it yourself.
How do you think miners in the pool would get paid otherwise?

yes, i understand that bro.
again, i just wanna know if I did really get lucky to have found a block.

so, it is possible to find a block even when solo mining. that's what i was trying to find out

Yes it's possible to find a block no matter how small your hashrate is; that's the whole point of pooled mining - you get paid for the likelihood of you finding a block for the pool. Even one hash is enough to find a block, but your chance of that one hash being a block is 1 in 20 billion (diff * 2^32).

adz1922

newbie

Activity: 51

Merit: 0

Quote from: HagssFIN on April 11, 2017, 10:36:46 PM

If you mine in a pool and you find a block, the block reward is shared among all the pool miners.
You don't get to keep it yourself.
How do you think miners in the pool would get paid otherwise?

yes, i understand that bro.
again, i just wanna know if I did really get lucky to have found a block.

so, it is possible to find a block even when solo mining. that's what i was trying to find out

HagssFIN

legendary

Activity: 2464

Merit: 1710

Electrical engineer. Mining since 2014.

If you mine in a pool and you find a block, the block reward is shared among all the pool miners.
You don't get to keep it yourself.
How do you think miners in the pool would get paid otherwise?

adz1922

newbie

Activity: 51

Merit: 0

Quote from: -ck on April 11, 2017, 10:24:17 PM

No. If you are mining for a pool, and I suspect there's a 99.999999% chance you are, then you found a block FOR THE POOL, not for yourself. So no, you will get nothing more than 1 tiny share's worth of reward from your pool for your block find.

yes, i am in a mining pool. but im the one who found it right? just wanna clarify, if i really did get LUCKY.
too bad, im in a mining pool because i need the daily reward.
i just started mining 4 days ago by the way. and only less than 20Th

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

No. If you are mining for a pool, and I suspect there's a 99.999999% chance you are, then you found a block FOR THE POOL, not for yourself. So no, you will get nothing more than 1 tiny share's worth of reward from your pool for your block find. Additionally a lot of hardware (from bitmain) doesn't even report found block correctly, and you may have also been mining some altcoin for your pool and not even found a real bitcoin block but some other bullshit coin.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Quote from: adz1922 on April 11, 2017, 10:01:48 PM

Quote from: achow101 on April 11, 2017, 09:58:44 PM

You get the block reward when you find the block. The block reward goes to whatever address you have it set to go to. This is either set in your mining software or in whatever node you are using behind the mining software. You won't be able to spend the block reward until 100 blocks have been mined on top of your block.

so i still have to mine the 100 blocks for me to be able to spend this block?

No. You don't have to mine 100 blocks, the network does. The network must extend the blockchain by 100 blocks on top of your block.

adz1922

newbie

Activity: 51

Merit: 0

Quote from: achow101 on April 11, 2017, 09:58:44 PM

You get the block reward when you find the block. The block reward goes to whatever address you have it set to go to. This is either set in your mining software or in whatever node you are using behind the mining software. You won't be able to spend the block reward until 100 blocks have been mined on top of your block.

so i still have to mine the 100 blocks for me to be able to spend this block?

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

You get the block reward when you find the block. The block reward goes to whatever address you have it set to go to. This is either set in your mining software or in whatever node you are using behind the mining software. You won't be able to spend the block reward until 100 blocks have been mined on top of your block.

adz1922

newbie

Activity: 51

Merit: 0

how do i know if i got it? i wanna know because what i just go solo mining? i might get that 12.5BTC all by myself

Topic: My miner status says it has found a block, does it mean i can get the 12.5BTC (Read 4907 times)