Topic: Trying to solo mine for fun. Is this looking right? (Read 585 times)
Mining is like playing the lottery, the bigger the tickets and the more tickets you buy, the better your chances. I'm only just starting to understand bitcoin, but won't it eventually be pointless to spend $5k on a mining rig? The difficulty will just get higher and higher and the odds, no matter your equipment will get lower and lower, making solo mining pointless, and eventually pool mining pointless.
In 2012 I had 32 btc..... And sold them for 200$....
Keep in mind that those "pennies a day" now could become worth $1000 each in a few years.
That's some real opportunity cost, and a big gamble.
Smarter yet would be to sell your block erupters, take the $20 and buy some BTC with it.
That's some real opportunity cost, and a big gamble.
Smarter yet would be to sell your block erupters, take the $20 and buy some BTC with it.
Good luck!
Thanks for taking a look. I understand it us very unlikely to get anything but I am a gambler. It will hit. 
How about the second question I had:
What address would this payment(if I ever got one) be a part of?
Your address in your bitcoin address tab. How about the second question I had:
Quote
If I did get lucky and solve a block, the BTC will just show up in my Bitcoin-QT wallet? What if I would like to monitor an address when I am not near the miner to see if anything has been deposited? Do I look at the default wallet address or do I need to specify an address to BFG?
What address would this payment(if I ever got one) be a part of?
Thanks for taking a look. I understand it us very unlikely to get anything but I am a gambler. It will hit.
How about the second question I had:
What address would this payment(if I ever got one) be a part of?
How about the second question I had:
Quote
If I did get lucky and solve a block, the BTC will just show up in my Bitcoin-QT wallet? What if I would like to monitor an address when I am not near the miner to see if anything has been deposited? Do I look at the default wallet address or do I need to specify an address to BFG?
What address would this payment(if I ever got one) be a part of?
yes it is correct, but pretty much pointless and a waste of resources.
Average generation time for a block (solo) 123 years, 325 days (can vary greatly depending on your luck)
and that will go up lets say 20% every 20 days
Average generation time for a block (solo) 123 years, 325 days (can vary greatly depending on your luck)
and that will go up lets say 20% every 20 days
Anybody have a second to see if this is correct?
I have two USB erupters that I am attempting to solo mine with. I understand that it is near impossible to get anything but I prefer to gamble and give it a shot rather than earn pennies per month in a pool. So that being said, I am running BFG miner. The miner starts like this:
http://imgur.com/EcXzQz3
After running for a bit then it looks more like this:
http://imgur.com/F4E9I83
I have Bitcoin-QT started as -server and my BFG settings are set up like this:
Is all of this running correct? If I did get lucky and solve a block, the BTC will just show up in my Bitcoin-QT wallet? What if I would like to monitor an address when I am not near the miner to see if anything has been deposited? Do I look at the default wallet address or do I need to specify an address to BFG?
Thanks for any help.
http://imgur.com/EcXzQz3
After running for a bit then it looks more like this:
http://imgur.com/F4E9I83
I have Bitcoin-QT started as -server and my BFG settings are set up like this:
Code:
bfgminer.exe -o 127.0.0.1:8332 -O user:pass --icarus-options 115200:1:1:r --icarus-timing 3.0=100 -S all -S opencl:noauto
Is all of this running correct? If I did get lucky and solve a block, the BTC will just show up in my Bitcoin-QT wallet? What if I would like to monitor an address when I am not near the miner to see if anything has been deposited? Do I look at the default wallet address or do I need to specify an address to BFG?
Thanks for any help.
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