solo litecoin mining question | Bitcointalksearch.org

HackneyB

newbie

Activity: 12

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Quote from: thedonvon on April 08, 2013, 10:12:44 PM

Quote from: HackneyB on April 08, 2013, 10:08:20 PM

Quote from: mrchu001 on April 08, 2013, 09:12:48 PM

Quote from: RambJoe on April 08, 2013, 09:08:51 PM

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block.
Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years.

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool.

Mining bitcoin yes this would be correct. LTC difficulty is much lower and your numbers are definitely off...with that said i do agree it would take a very long time to get your own block. Pool mining is definitely the way to go.

Thanks I missed that point. Doesn't "the market" factor that in and make LTC cheaper by exactly the factor that it is easier to mine?

mrchu001

newbie

Activity: 14

Merit: 0

Quote from: thedonvon on April 08, 2013, 10:12:44 PM

Mining bitcoin yes this would be correct. LTC difficulty is much lower and your numbers are definitely off...with that said i do agree it would take a very long time to get your own block. Pool mining is definitely the way to go.

okay, i'm trying to get cgminer working on my comp and when i try to enter the pool information it crashes everytime. any ideas?

thedonvon

newbie

Activity: 49

Merit: 0

Quote from: HackneyB on April 08, 2013, 10:08:20 PM

Quote from: mrchu001 on April 08, 2013, 09:12:48 PM

Quote from: RambJoe on April 08, 2013, 09:08:51 PM

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block.
Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years.

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool.

Mining bitcoin yes this would be correct. LTC difficulty is much lower and your numbers are definitely off...with that said i do agree it would take a very long time to get your own block. Pool mining is definitely the way to go.

mrchu001

newbie

Activity: 14

Merit: 0

Quote from: HackneyB on April 08, 2013, 10:08:20 PM

Quote from: mrchu001 on April 08, 2013, 09:12:48 PM

Quote from: RambJoe on April 08, 2013, 09:08:51 PM

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block.
Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years.

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool.

alright sweet, thank you.

HackneyB

newbie

Activity: 12

Merit: 0

Quote from: mrchu001 on April 08, 2013, 09:12:48 PM

Quote from: RambJoe on April 08, 2013, 09:08:51 PM

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block.
Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years.

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool.

mrchu001

newbie

Activity: 14

Merit: 0

Quote from: thedonvon on April 08, 2013, 09:28:54 PM

I am also running a 7870 and am getting about 295 kH/s...i cant get it any better than that.
gpu-threads 2
thread concurrency 5120
intensity 12
worksize 256

Good Luck please let me know if you find other settings you are more successful with!!

yeah, same :/ hopefully someone can help us out lol

thedonvon

newbie

Activity: 49

Merit: 0

I am also running a 7870 and am getting about 295 kH/s...i cant get it any better than that.
gpu-threads 2
thread concurrency 5120
intensity 12
worksize 256

Good Luck please let me know if you find other settings you are more successful with!!

mrchu001

newbie

Activity: 14

Merit: 0

Quote from: RambJoe on April 08, 2013, 09:08:51 PM

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

RambJoe

newbie

Activity: 13

Merit: 0

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

mrchu001

newbie

Activity: 14

Merit: 0

Quote from: RikoOnWeb on April 08, 2013, 08:57:19 PM

http://www.litecoinpool.org/calc?hashrate=425&difficulty=205.77652398

This is an estimate of what you could be getting in a pool vs. expected probabilities of finding a block. I found the hashrate of 425 over here: https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison

I am afraid your 280 is slower than it should be.

Looking at the numbers, it will take you almost a month to get the reward of 25 coins, $4 and change each, versus $260 a month in a pool.

Hm, why do you think it's slower than it should be? So it's almost the same payout... Is pool mining LTC still more profitable than BTC with my comp?

edit: If anyone can suggest good pools I would greatly appreciate it.

RikoOnWeb

newbie

Activity: 12

Merit: 0

Quote from: mrchu001 on April 08, 2013, 08:52:18 PM

You guys really think so? What would the timeframe be to unlock a block with my HW? I only decided to solo mine LTC because I was under the impression that it was easier than BTC. Would it be more profitable to pool mine LTC or BTC with my HW?

Thanks.

edit: i am currently getting 280kh/s. Is that decent?

http://www.litecoinpool.org/calc?hashrate=425&difficulty=205.77652398

This is an estimate of what you could be getting in a pool vs. expected probabilities of finding a block. I found the hashrate of 425 over here: https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison

I am afraid your 280 is slower than it should be.

Looking at the numbers, it will take you almost a month to get the reward of 25 coins, $4 and change each, versus $260 a month in a pool.

mrchu001

newbie

Activity: 14

Merit: 0

You guys really think so? What would the timeframe be to unlock a block with my HW? I only decided to solo mine LTC because I was under the impression that it was easier than BTC. Would it be more profitable to pool mine LTC or BTC with my HW?

Thanks.

edit: i am currently getting 280kh/s. Is that decent?

RikoOnWeb

newbie

Activity: 12

Merit: 0

Why solo? Especially with that hardware you would be much better off in a pool.

Raen

newbie

Activity: 19

Merit: 0

You probably won't have much success with that hardware without mining in a pool.

mrchu001

newbie

Activity: 14

Merit: 0

Hey guys, I am trying to start solo mining LTC. Right now, I am trying SoloEasy with cgminer. What are your guys experience with it? Or do you have something that might work better for me?

And just to clarify, I have a single AMD7870 gpu running.

Thanks in advanced.

Topic: solo litecoin mining question (Read 770 times)