Author

Topic: solo mining November 2017 (Read 495 times)

legendary
Activity: 1106
Merit: 1014
November 28, 2017, 10:36:56 PM
#8
well that's the point i guess in the long term solo mining is more profitable as long as hash power is decent enough for the current difficulty of coin he's mining.
In my experience with solo mining, you don't just need a "decent enough hash power", you need a lot of it, so that you find multiple blocks a day. Basically you gotta be a small pool on your own (and running an actual private pool just for yourself is often the way to go). It will, of course, depend on the coin: with more "stable" coins, the ones where difficulties don't jump up and down all the time, it's possible to solo mine with just a block or two a day and still get reasonable amounts of coins — any bad luck will eventually get "evened out" by some good luck and your earnings over a longer period of time will be adequate. But with the less stable coins you do need to have enough hashing power to find many blocks a day, or you'll just miss a lot by simply not finding anything when some nicehash dude (or a multipool) connects and brings the network diff up 2-3 times for a few hours. If you were mining on the pool at that time you would still be getting something, but when you solo mine there's a good chance that you won't find any blocks during those periods. And so your total earnings from solo mining over the longer periods of time will be noticeably lower than if you were mining on a pool. There's a lot of coins like this, where random nicehash fellas show up from time to time, harvest whatever they want and then get out. I've seen this many times, the network hashrate (and the diff) increasing up to 10x the normal diff for 4-8 hours, and then gradually dropping back to usual.

So solo mining as a means to make more money only works if you have tons and tons of hashing power. At least that's my experience with a few coins I tried over the years. Folks with only a dozen or two GPUs are likely to earn the same or more when mining on pools.
full member
Activity: 406
Merit: 110
November 28, 2017, 10:16:56 PM
#7
The best way to do this is to watch the Altcoin Announcements section. As soon as they release a wallet in the thread, download it and mine to it (after scanning it with viruses, etc.)

By the time something is wide enough to be posted here, the early birds have gotten the low difficulty worms.

(note: Most altcoin announcements these days are crappy ICO scams. Don't fall for those - look for non-premined coins with fair launches.)

This quoted first response is actually a very good suggestion. Being an early adopter of a coin is your best chance at getting tremendous gains.

With regards to solo mining, it will depend on your technical skill level. There are some pools that allow you to solo mine but most of the time you will have to setup solo mining configurations by yourself.
sr. member
Activity: 532
Merit: 250
The harder your life is the more meaning it has.
November 28, 2017, 10:14:15 PM
#6
I mean, I know mining via pools is profitable right now but do you have suggestions such that "X coin makes you lose money now but has the potential to go to moon now and you can easily mine 10s in a day."
That's not how solo mining works. If you're hoping for some coin to grow and increase in price in the future, you can still just go to the pool and mine that "X coin" there. Solo mining makes sense either when there are no pools yet (new coin), or when the pools are extremely unstable and often go down, or if you have so much hashpower that you just hitting blocks one after another and then why pay fees to the pool if you can just mine solo. Solo mining by itself doesn't give you any more profits (other than saving those 0.5-2% on the pool's fees).
well that's the point i guess in the long term solo mining is more profitable as long as hash power is decent enough for the current difficulty of coin he's mining.
legendary
Activity: 1106
Merit: 1014
November 28, 2017, 06:55:09 PM
#5
I mean, I know mining via pools is profitable right now but do you have suggestions such that "X coin makes you lose money now but has the potential to go to moon now and you can easily mine 10s in a day."
That's not how solo mining works. If you're hoping for some coin to grow and increase in price in the future, you can still just go to the pool and mine that "X coin" there. Solo mining makes sense either when there are no pools yet (new coin), or when the pools are extremely unstable and often go down, or if you have so much hashpower that you just hitting blocks one after another and then why pay fees to the pool if you can just mine solo. Solo mining by itself doesn't give you any more profits (other than saving those 0.5-2% on the pool's fees).
jr. member
Activity: 56
Merit: 10
November 28, 2017, 02:43:27 PM
#4
Hi all,
I was wondering if you have suggestions for a coin to solo mine using GPU's as of november 2017.
I mean, I know mining via pools is profitable right now but do you have suggestions such that "X coin makes you lose money now but has the potential to go to moon now and you can easily mine 10s in a day."
Thanks.




you can solo mine music with around 100mh/s and etc with 300 mh/s i suggest clona.ru its an amazing solo mining pool.

thanks this is a great advice.
sr. member
Activity: 532
Merit: 250
The harder your life is the more meaning it has.
November 28, 2017, 02:36:00 PM
#3
Hi all,
I was wondering if you have suggestions for a coin to solo mine using GPU's as of november 2017.
I mean, I know mining via pools is profitable right now but do you have suggestions such that "X coin makes you lose money now but has the potential to go to moon now and you can easily mine 10s in a day."
Thanks.




you can solo mine music with around 100mh/s and etc with 300 mh/s i suggest clona.ru its an amazing solo mining pool.
full member
Activity: 658
Merit: 118
November 28, 2017, 02:18:36 PM
#2
The best way to do this is to watch the Altcoin Announcements section. As soon as they release a wallet in the thread, download it and mine to it (after scanning it with viruses, etc.)

By the time something is wide enough to be posted here, the early birds have gotten the low difficulty worms.

(note: Most altcoin announcements these days are crappy ICO scams. Don't fall for those - look for non-premined coins with fair launches.)
jr. member
Activity: 56
Merit: 10
November 28, 2017, 02:16:04 PM
#1
Hi all,
I was wondering if you have suggestions for a coin to solo mine using GPU's as of november 2017.
I mean, I know mining via pools is profitable right now but do you have suggestions such that "X coin makes you lose money now but has the potential to go to moon now and you can easily mine 10s in a day."
Thanks.



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