Topic: [∞ YH] solo.ckpool.org 1% fee solo mining USA/DE 251 blocks solved! - page 453. (Read 1514496 times)

There is no competition.  Every hash found has an equal chance of matching or exceeding current difficulty, which is around 39.5 Billion.

No, your diff could be set to 39.5 Billion and you would have the same chance of finding/solving the block.

I noticed the pool starts off with difficulty of 1024 and then after a while mine drops down to one and then climbs up before stopping at 4.  Realistically does the miner need to be able to have accepted shares at the 1024 difficulty before having any remote chance of solving a block.  I read posts about "lottery" mining with low hash miners, but I don't exactly see it that way because each mining node is competing against all the others.  So while in theory a low hash, could take "years" to mine a block, that doesn't account for the competition from other miners that will solve them before.  With your other pool you alluded to needing at least 1PH to have a pool.  Does the same apply for solo mining.  Not 1PH, but something along the lines of being able to accept shares at 1024 difficulty?

good luck.  as for the 1 sp20E it is mining at 1.2 or 1.3 th  about 1644 to 1 chance today

no luck with 100ths, will continue with 4ths for now..

this is a pool only in the sense that we use ck to run a  solo server for us.

So all of us combined allow a block to hit often enough to pay   ck for the use of his server.

If you mine solo truly solo you need to run a pc /server blockchain  and a miner.  so the server need to be pretty fast and costs more power.

We all agree the ck's solo server  is worth a fee from the blocks hit. that is the pool so to speak.

@ck  I am going to run a sp20E at the pool for a while.

It is clocked to do about 1th do I need to do anything special in order to get the correct hashrate?

Made an example to help:

Suppose there are 4 miners with each of them having 1 TH/s and the total hashrate of the bitcoin network is 4 TH/s. Miner a and b are mining together in a regular pool and miner c and d are solo mining.

over 100 blocks the average blocks found will be divided like this:
- regular pool  50 blocks (since miner a and b together have 50% of the total hashrate)
- miner c        25 blocks
- miner d        25 blocks

As you can see, miner a and b despite mining in a pool and sharing block rewards have mined exactly the same amount as if they were solo mining. They get twice as many payouts because they share the reward but each payout is 1/2 of the payout of miner c or d.

Now suppose miner c and d don't want to run bitcoind themselves but still want to solo mine so they point there hashrate at ckpool then the division will become like this:

- regular pool  50 blocks
- ckpool         50 blocks

Since ckpool is comprised of miner c and d and they each have half the hashrate of the total ckpool hashrate each will on average have found 25 blocks. Exactly the same as if they were solo mining on there own.

The difference between the two pools is that in the regular pool miner a and b each get 12.5 BTC when a block is found and miner c OR d gets 25 BTC when a block is found by ckpool.

In the end all four miners will have the reward for 25 blocks on average despite the way they are mining, solo or pool mining.


Ofcourse this is a very simple example but it shows that only your own hashrate in relation to the total hashrate of the network matters and not the total pool hashrate.

This. @thestakes There is no such thing as sucking in shares from the net since every miner or pool generates its own shares. I Think that you are confused by the term 'pool' for this service. Although there is a total pool hashrate it doesn't mean a thing since you're solo mining; it's just a nice statistic to see how many hashrate is pointed at ckpool.

Another way of looking at it is this. Mining solo or in a pool with a given hashrate over the very long term will result in the exact same amount of bitcoins being mined. The only thing a (regular) pool does for you is making payouts much more regular since the block rewards are shared between miners and the bigger the pool hashrate the more regular it becomes. Because the block reward isn't shared on ckpool you are solo mining and it doesn't matter how big the total hashrate is.

Hope I explained it, if not then I'm sure Con or Kano will come along and do a better job. Thing to remember is that only your own hashrate and the difficulty matter and nothing else.

The way I understand it every miner here is independent of each other. You are solo mining here no different than if you were doing it yourself on your own pool. The difference is most people dont know how or have the time to set up their own pool, so you pay CK a small share to use his pool, only if you find a block.

Looking at Ghash stats they used to be regularly in finding runs of consecutive blocks over a 24hr period but now it seem sthey find 3/4 consecutive with the largest gap between being 34 blocks.. for a size of that pool and a gap that big just shows it's not all about the size of the pool.

Hmm.. But a large pool will "cloud" many shares and distribute them. So you can factor your own hashrate against the pool as opposed to the overall hashrate. That way increasing your "luck factor." The overall hash "cloud" and your single instance in that will not weigh against a large pool with a shared hashrate. That's what I mean. Shares are being solved equally over the Net, but a large pool will "suck in" a significant portion of shares, thus mining in this pool wil change your overall "luck factor" as opposed to "going it alone on the Net." It's about "time" and "volume." Am I wrong?

Unless I'm misreading what you mean you're wrong. All that matters is your own hashrate because you're SOLO mining. Just because you do it through a pool doesn't change a thing compared to running bitcoind yourself and mining on that (edit: except that ckpool takes 0.5% if you do solve a block).

EDIT: Every share you solve has a chance of being a block solver. How many shares you can solve depends solely on your own hashrate and the difficulty, not on the total hashrate of the pool.

In essence.. The guys pointing huge amounts of hashing power to the pool make my chance of getting that one solving hash even bigger. "It's the pool and it's size what matters." From this you can calculate your "luck factor."

Great idea

I pointed 1.something TH to the pool. "It's not the amount of men who are running, it's the man who wins."

i hitted 100ths for this shot

The luck factor isn't really what is described recently.
When a pool mines blocks, it gets hashes. Those hashes are distributed amongst the miners in the pool.
Now.. One of these hashes could be the hash that solves a block.
So, the math involving the "luck factor" is way more complicated than "a dice with ~40billion sides."
But within the pool's stratum of work distributed, even a minor miner could hit the jackpot.
That's the "fun" of mining solo in - mind you - a large pool.

Comments on flaws in reasoning please..

send me some luck(PM or email), miners pointed here!

No problem thank you for the reply(ies).

Was back in september; rented 6.25 TH/s and found a block within 24 hours. Very lucky! https://bitcointalksearch.org/topic/m.8918508


On average with current diff it should take about 6 days with 340 TH/s but luck obviously plays a big part so you could hit a block in a minute or it could take much longer then 6 days.

EDIT: I see Quiveringgibbage already answered this question more precisely; missed it the first time.