Well Thank you all for the insight, I am really grateful for this group of geniuses and I would not have been able to start earning so fast!
I am learning very fast!
I live in the states.. Tristate area-- Jersey to be exact-- would love to network with some locals- I have free energy and access to a warehouse with FREE POWER!! Yess NO POWER COST AT ALL _ I also do not pay my utility bill in my apartment either hence why i feel it was most profitable to try the solo route-
Some guy who was trying to sell me the Avalon and S9s initially showed me his own pool and basically showed me how mined a whole block in a little over a month using roughly over 70 Terrahash not using a pool. Was he blowing smoke? I mean he showed me a bunch of screens similar to what i posted in the picture and it seemed like he actually found and solved that block...
How would I know if I actually found the block?
I also downloaded the bitcoin core client and wanted to start using that and getting my payouts via the core client and helping the network by running fibre out here.. would that help the network? is that beneficial?
Topic: solo mining Local hash rate vs pool hash rate please help (Read 278 times)
I think you are severely underestimating how difficult it is to find a block. Its not going to happen today, tomorrow, next week, 6 months from now, etc. It literally is the equivalent of buying a lottery ticket and waiting for it to pay your mortgage off. Unless you have an absurd amount of hashing power (talking like hundreds of antminers, not your 5 14TH/s), you won't be making that ROI, you are going to run yourself poor in electric cost before you ever smell a block.
everyone here is trying to help steer you in the safe, reliable way to get your ROI and not go broke wishing on a star, join a pool like slush or kano (or nicehash if you are lazy), and let it ride.
everyone here is trying to help steer you in the safe, reliable way to get your ROI and not go broke wishing on a star, join a pool like slush or kano (or nicehash if you are lazy), and let it ride.
If you want to try solo mining, then use the solo pool from ck, so you will need no local bitcoind:
https://bitcointalksearch.org/topic/yh-solockpoolorg-1-fee-solo-mining-usade-251-blocks-solved-763510
and if you think a pool is better, then use his normal pool with no fees for you, that will be the better choice!
https://bitcointalksearch.org/topic/ckpoolorg-closed-1876330
good luck anyway
https://bitcointalksearch.org/topic/yh-solockpoolorg-1-fee-solo-mining-usade-251-blocks-solved-763510
and if you think a pool is better, then use his normal pool with no fees for you, that will be the better choice!
https://bitcointalksearch.org/topic/ckpoolorg-closed-1876330
good luck anyway
I dont know what you are doing and what kind of crazy numbers you keep coming up with.
Your miner is reporting wildly inaccurate speeds. The s9 is a 13.5TH miner (or 14th depending on recent batches)
You need to stop using p2pool and just point your miner at a normal PPS payout style pool if you ever want this to work for you. Your miner will make over $750/month before power costs, not sure why you are saying the pools are not profitable.
Your miner is reporting wildly inaccurate speeds. The s9 is a 13.5TH miner (or 14th depending on recent batches)
You need to stop using p2pool and just point your miner at a normal PPS payout style pool if you ever want this to work for you. Your miner will make over $750/month before power costs, not sure why you are saying the pools are not profitable.
I posted a picture above- I am trying to get my local hash rate up-
Thank you for the advice- I was mining on slush pool and ant pool and noticed the return on ant pool was horrible... I needed to do something to recover the costs of the return on investment... I figured solomining or mining not thru ant/slush pool would be most profitable. ie solo route..
realizing i have bit off more than i can chew for the time being I have set up KanoPool but would like to see what I am doing incorrectly to get my local hash rate higher on the picture I posted previously- is there a post somewhere or thread with the settings or "how to" on what the settings should look like..
What does this all really mean lol?
Local: 2355MH/s in last 10.0 minutes Local dead on arrival: ~0.0% (0-2%) Expected time to share: 173.3 days
2018-01-09 00:11:47.949380 Shares: 9 (0 orphan, 0 dead) Stale rate: ~0.0% (0-30%) Efficiency: ~103.3% (72-104%) Current payout: (17.9861)=17.9861 BTC
2018-01-09 00:11:47.949466 Pool: 220TH/s Stale rate: 3.2% Expected time to block: 1.2 years
Did i even find a block? or is it telling me that it will take me 1.2 years to find one lol :O
Thank you for the advice- I was mining on slush pool and ant pool and noticed the return on ant pool was horrible... I needed to do something to recover the costs of the return on investment... I figured solomining or mining not thru ant/slush pool would be most profitable. ie solo route..
realizing i have bit off more than i can chew for the time being I have set up KanoPool but would like to see what I am doing incorrectly to get my local hash rate higher on the picture I posted previously- is there a post somewhere or thread with the settings or "how to" on what the settings should look like..
What does this all really mean lol?
Local: 2355MH/s in last 10.0 minutes Local dead on arrival: ~0.0% (0-2%) Expected time to share: 173.3 days
2018-01-09 00:11:47.949380 Shares: 9 (0 orphan, 0 dead) Stale rate: ~0.0% (0-30%) Efficiency: ~103.3% (72-104%) Current payout: (17.9861)=17.9861 BTC
2018-01-09 00:11:47.949466 Pool: 220TH/s Stale rate: 3.2% Expected time to block: 1.2 years
Did i even find a block? or is it telling me that it will take me 1.2 years to find one lol :O
I'm running a local p2pool (in the terminal) and the status of the s9 shows it's working, i think!
If I understand correctly the local hashrate should be the same as the one I see in the miner's status? the other thing would be the pool hash which as pointed out is quite high? any clues what am I missing?
https://www.dropbox.com/s/vy5r3dxw3fv2t5b/Screen%20Shot%202018-01-08%20at%205.43.13%20PM.png?dl=0
If I understand correctly the local hashrate should be the same as the one I see in the miner's status? the other thing would be the pool hash which as pointed out is quite high? any clues what am I missing?
https://www.dropbox.com/s/vy5r3dxw3fv2t5b/Screen%20Shot%202018-01-08%20at%205.43.13%20PM.png?dl=0
The problem with solomining at lower hashrates is insane variance. By pool mining you reduce variance and therefore you get more stable and consistent payouts. Like Fanatic previously said, unless you're looking for a lottery ticket, don't solomine.
If you're looking for a pool, Kano.is is a great option. Lower fees than most pools I know, active and overall nice owner.
If you're looking for a pool, Kano.is is a great option. Lower fees than most pools I know, active and overall nice owner.
wavelengths can i send you a message? I am struggling a took some screen shots but can not figure out how the hell to post them on here- Noob problems 
and is solo mining really wasteful? I thought it was the fastest best way to recoup your ROI- and with the current rate blocks are being found and data on fork.lol it seems the probability is increasing-
I have more power that If i found a block which I want to know if i did that I would dedicate all my power to solving that block...
and is solo mining really wasteful? I thought it was the fastest best way to recoup your ROI- and with the current rate blocks are being found and data on fork.lol it seems the probability is increasing-
I have more power that If i found a block which I want to know if i did that I would dedicate all my power to solving that block...
Solo mining is the absolute slowest and worst way to try and recoup costs. It is literally a lottery ticket, like a 1 in 14 million or worse chance of finding a block.
Not sure what you are talking about with the fork.lol data. If you see blocks are being found faster than 10 minutes that means the difficulty will go up a bunch on the next adjustment to keep those numbers in line. Its not getting easier to find a block, its getting much harder.
wavelengths can i send you a message? I am struggling a took some screen shots but can not figure out how the hell to post them on here- Noob problems
and is solo mining really wasteful? I thought it was the fastest best way to recoup your ROI- and with the current rate blocks are being found and data on fork.lol it seems the probability is increasing-
I have more power that If i found a block which I want to know if i did that I would dedicate all my power to solving that block...
and is solo mining really wasteful? I thought it was the fastest best way to recoup your ROI- and with the current rate blocks are being found and data on fork.lol it seems the probability is increasing-
I have more power that If i found a block which I want to know if i did that I would dedicate all my power to solving that block...
1. The fastest s9 is only 14TH, where are you getting 70TH from?
2. Solo mining is like throwing money down the drain, is there any reason you are being so wasteful?
2. Solo mining is like throwing money down the drain, is there any reason you are being so wasteful?
Post pictures of your Miner Status so we can see what its reporting.
hey guys-
ive taken on the task of solo mining and want to ensure I am doing it correct
I have a few questions regrading the (dead on arrivals, stales orphans) been going through a plethora of old posts and running a few tests and brought the effeciency up to 103% and less dead and less dead but still dont think im doing it right..
before i throw all my S9s on the solo lottery i wanna ensure i am doing it correctly-
the pool rate shows my ~70 Th/s but local only shows 2956 Mh/s how do I bring that local hash rate up?!
any settings I should be looking for or anything I should refer to specifically?
Thanks in advance. I appreciate all the posts and i apologize if this is the right place- im still a noob
ive taken on the task of solo mining and want to ensure I am doing it correct
I have a few questions regrading the (dead on arrivals, stales orphans) been going through a plethora of old posts and running a few tests and brought the effeciency up to 103% and less dead and less dead but still dont think im doing it right..
before i throw all my S9s on the solo lottery i wanna ensure i am doing it correctly-
the pool rate shows my ~70 Th/s but local only shows 2956 Mh/s how do I bring that local hash rate up?!
any settings I should be looking for or anything I should refer to specifically?
Thanks in advance. I appreciate all the posts and i apologize if this is the right place- im still a noob
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