SEEKING ANSWERS TO ? OF: SOLO MINER POTENTIAL REALISTICALLY?? 2022-23

JustEmilyR

newbie

Activity: 6

Merit: 0

Quote from: Mr INTEGRITY on December 04, 2022, 12:18:18 PM

Dear Senior/knowledgeable/very experienced miners, could I gain your thoughts please...

Please kindly bestow any information you would you kindly help in as much depth as
possible with this question as I require more than just yes/no :

Is it really worth it as an individual these days given all the mining farms and their
power, to achieve solo results? it's just I'm
genuinely curious about the realistic potential of the individual miner gaining positively?
thoughts please?

Many thanks in advance.

Hello friend, I have a BTC mining machine but currently it has not been giving me the profits it was giving me a while ago, even taking into account that my electricity cost is low.

It is not easy to make profit mining any btc at the moment of that I am sure.

It will all depend on the cost per watts you have in your country and there you make an evaluation. Don't think the profits will be immediate.

Don't invest too much money in a machine for now, try to buy an economical one and be patient.

2double0

legendary

Activity: 2618

Merit: 1105

Solo mining these days need hard luck on your end to be able to find a block because you will need a lot of capital to either set up your own pool with a huge mining setup or go with the flow and give highest hashrate to a pool which is already finding too many blocks. The second one is worth going for because pools are giants, so fighting against a giant whale and trying to win as a small fish will only keep you defeated for long because even if you go for chances, there comes the luck factor that even if it shows that you will get a block mined in a year or so, it will be based on the luck of your mining equipment.

Ben Barubal

member

Activity: 560

Merit: 17

Eloncoin.org - Mars, here we come!

Quote from: Mr INTEGRITY on December 04, 2022, 12:18:18 PM

Dear Senior/knowledgeable/very experienced miners, could I gain your thoughts please...

Please kindly bestow any information you would you kindly help in as much depth as
possible with this question as I require more than just yes/no :

Is it really worth it as an individual these days given all the mining farms and their
power, to achieve solo results? it's just I'm
genuinely curious about the realistic potential of the individual miner gaining positively?
thoughts please?

Many thanks in advance.

Do you have an idea about solo mining? it is important that you know this matter. Because Solo mining if you're at the pool you're getting rewards of course based on your hash rate shares sent to the pool every time the pool finds a bluff you're solo mining you're not getting any rewards at all until you single-handedly that block and at that point, you do get the full block reward all bonus rewards.

It's like a lottery ticket or it's like a gamble as well. And what I can suggest here is solo mining on Ethereum.

mikeywith

legendary

Activity: 2394

Merit: 6581

be constructive or S.T.F.U

This is like going to a coffee shop forum and asking if their business is making them any money, if everyone was honest enough you would hear all kinds of answers, one will say they got rich in 2 years, someone else will tell you they have been making coffee for 5 years and have yet to ROI their espresso machine, another one will tell you his story of losing his house for the loan he took to open his business, all of them could be valid answers.

The same thing applies to mining, there are many different factors involved, your power rate, capital, is it a loan or your own money? capacity? the distance between your house and the nearest neighbor, do you come from a country that's friendly to Russia and enjoys cheap gas and oil or are your country's gas reserves running out and they are going to double up on the power prices? you might think I am joking, but I am dead serious, all the factors mentioned above are critical in determining a successful mining business vs a dead one.

I can't possibly list all the things you need to consider, but if you provide as much information as you can, the answers you get will be more likely to be accurate.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Mr INTEGRITY on December 04, 2022, 12:18:18 PM

Dear Senior/knowledgeable/very experienced miners, could I gain your thoughts please...

Please kindly bestow any information you would you kindly help in as much depth as
possible with this question as I require more than just yes/no :

Is it really worth it as an individual these days given all the mining farms and their
power, to achieve solo results? it's just I'm
genuinely curious about the realistic potential of the individual miner gaining positively?
thoughts please?

Many thanks in advance.

Maybe
Maybe not.

First off what is your power cost?

If 6 cents a kwatt you can split mine.

Ie point most of you hashrate to a pool like viabtc.com
point a small fraction to cksolo.org

if you earn 1 dollar a day at viabtc,com

that dollar can cover the loss at the solo pool.

It is not easy to make a profit mining any btc at this moment.

a higher very loud s19 pro cost 2000 usd or more it burns 75 kwatts a day. at 6 cents a kwatt that is $4.50 cost it will earn 6 dollars a day at viabtc.com $1.50 daily profit if you have six cent power.

point a cheap low power miner to solo.ckpool.org

the Apollo https://bitcointalksearch.org/topic/official-futurebit-apollo-btc-softwareimage-and-support-thread-5340015

or use a modded s9 with 1 hash board. use braiins software. it will burn 10 kwatts a day or 60 cents.

so 1.50-.60 = 90 cent daily profit and a shot to hit a block on the solo pool.

you need 6 cent a kwatt power cost.

you need 240 volt power.

you spend about 2000 s19 pro
you spend about 100 s9
cost 2100

about 2200 days later (7 years) you could break even.

of course if the modded s9 hits a block you will profit.

Most people do not have 6 cent a kwatt power. 10-22 cent is more common.

In the usa most do not have 240 volt power.

Mr INTEGRITY

newbie

Activity: 2

Merit: 0

Dear Senior/knowledgeable/very experienced miners, could I gain your thoughts please...

Please kindly bestow any information you would you kindly help in as much depth as
possible with this question as I require more than just yes/no :

Is it really worth it as an individual these days given all the mining farms and their
power, to achieve solo results? it's just I'm
genuinely curious about the realistic potential of the individual miner gaining positively?
thoughts please?

Many thanks in advance.

Topic: SEEKING ANSWERS TO ? OF: SOLO MINER POTENTIAL REALISTICALLY?? 2022-23 (Read 467 times)