Topic: [∞ YH] solo.ckpool.org 2% fee solo mining 256 blocks solved! - page 205. (Read 102489 times)

Forget mining with CPU or GPU. It does not make any sense even as lottery.

Not seeing stats for such slow rates is normal on this pool. Actually it makes no sense at all to try with this. Please consider NEWPAC usb miner if you want to have some fun with bitcoin mining (at least to see your stats ))). Not for earnings. You will earn nothing. It's also very doubtful as a lottery. Use solochance.com to estimate your chances of finding a block.

Hello everyone! I was able to connect to the pool and start mining. Although my hash rate is tiny I would like to know what exactly happens when I get a message like
`Accepted CPU 1 Diff 17k/10k`
Do I somehow need to adjust the difficulty that is set by default (10k) to be closer to the pool difficulty which is currently 21.7 T?
Any reference articles on that where I can read the explanation myself? Tried looking it up in few places already but to no avail.
Thank for your help!

it was a drunk accusation mikey    but i will give you this, you take criticism well.   you didnt get all keyboard warrior like i did 
and yes the other person i compared you to, does know it all 

Thanks.   Just wasn't sure if it was normal or not.  I found the info below - but i think maybe it was my miner's network connection.


ST: STaged work items (ready to use).

SS: Stale Shares discarded (detected and not submitted so don't count as rejects)

NB: New Blocks detected on the network

LW: Locally generated Work items

GF: Getwork Fail Occasions (Pool server slow to provide work)

RF: Remote Fail occasions (Pool server slow to accept work)

Stale shares are normal your miner may have been working on some work and a new block was found before it could submit hence stale work. getwork fail not sure about.

Is something up with the pool?  Been mining a few weeks now, never a stale share or a GF - but  yesterday i had 17 stale shares and GF: 2

ST: 1  SS: 17  NB: 3600  LW: 1623749423  GF: 2  RF: 0

Does that occasionally happen?  I'm a newbie with btc mining.

LOL, not even sure if this a serious "accusation" or just a "joke" I surely don't have the greatest sense of humor., however, if you carefully read my post and the one which I replied to, you will see that I dropped a bomb of possitvity and optimism and explained "in some detail" how solo mining chances are not all that bad compared to the lotto as opposed to what has been mentioned in the post I quoted.

With that being said, I am sure you are not a newbie just as sure as I am of that fact that I am nowhere near experienced, we all are here to learn (maybe except for the other person you compared me to ).

hey mikey,

i dunno what crawled up your ego and died to make you such a technical negative "karen",  but youve been a big ass debbie downer on simple solo mining questions asked here. you're starting to sound like another previous member who started their own mining site and only comes here to criticize the "not so experienced coder" members.   please take your negative criticism to more advanced areas of this forum.   we want simple stats, that say my puny 450Th will give me a
Chance per block: 1 in 376,480
Chance per day: 1 in 2,614
Time estimate: 7 years

 thats enough info for us noobies.
thank you kind sir
please take it down a notch on your expertise
 

Great  ! Powerball Tickets (PBTs) - one of the best comparisons I saw so far . So today roughly at 120 TH would make 120TH * 23 PBTs * 365days ~ 1Mio PBTs / year  

Thank you for that hint!

Well, you just did, I explained to you, the other members explained the matter in a different way but you still think that you are correct, it's sad that someone who registered here back in 2014 lacks a basic understanding of mining actually works, but if you feel good about yourself - it all that matters, numbers and law of physics are irrelevant.


Other than the obvious like your miner catching fire and all the stuff that you probably already know, there only risk is the power bill and the cost of the mining gear.


There are solid gears and some low-quality gears, you want to get the ones that can survive, not S9k, S9se, avoid the 17 series of bitmain altogether, just search the forum you'll find a lot of topics that discuss mining gears quality and robustness.

Even a blind squirrel finds a nut now and then!!

I did my own claculation for mining here:
It is hopeless with my amount of hashrate, lets try it anyway, because: who did not try, will never win. 

I did some rough calculations. it's a gambling, yes. taking into account risks and rewards, it is roughly 23 Powerball tickets a day per 1 TH/s.

You could win a block causing tax problems or people wanting money from you.

I toss some gear here just because I can. https://solo.ckpool.org/users/146UJM5kgzLVUV23CXCf33KQKHckoX1gx3

every once in a while I rent some hash but it is really hard to hit a block now due to high cost of coin.

Ie if you rent at a good fair price 1 coin would give you about a 1 in 6.25 chance

Asking to spend 35,000 USD for a 1 in 6 chance is hard.

First of all, thank you for the valuable information in that thread and of course, thank you for keeping the pool running !

I am new to crypto currencies and read into the topic for a couple weeks now. For some reasons, I decided to join the game, buy some mining hardware and gamble solo for a block. And yes, I clearly understand this as gambling.

However, it seems hard to find actual (recent) information on solo mining, particularly risks involved.

So my question is:

Assuming I join solo.ckpool.org for solo mining, what risks are still present *except*

- the money I spend in hardware (including breakage)
- the money I spend in power

?

Are there any?

Any tips are greatly appreciated. Thank you

True ...

Whatever the thoughts that come across, there is no sense in squabbling. I KNOW what works for me with the understanding I have, and so does everyone else.

To each their own and hopefully we can all pull through this together (hence the reason for a Pool in the first place). The system is based on what we can do to help one another, and I have had more than my share of help from everyone here, including some schooling

So for that I am thankful, and whether I explain myself clearly or not, it is not about squabbling, more that it is about sharing mindsets, trains of thought and hard evidence of what works for you - no matter what 'your setup' may be.

Now to get that damn theSolarFarm running in the next 12 months, and start slamming the hell out of the hashrate

#crysx

hey, don't argue here that much in this nice thread . it was only to explain to newbies that counting on hitting a block makes no sense nowadays

And this is why ...

This is why the system is misunderstood - because you think I am wrong on statistical probabilities that are fact, as well as ratios and mathematical facts that you think are incorrect.

All good though, the more you believe you are right, the more those like me seem to be benefittting from the manipulation of these statistical facts. Probability has feeling, so what you believe or feel is right or wrong is irrelevant. It's maths. The probability is based on EVERY block, on EVERY game, on EVERY hash. Whether we like it or not.

It makes no difference anyway guys, as the probabilities are not what we are all dealing with here. A block WILL be hit when the hashrate is there, that is coded into the system, whether 10minutes or so is also (almost) irrelevant, it WILL be hit - it actually HAS to be unless the chain is stopped with no hash driving it.

I don't need to argue these facts with you, look at the probabilities of Lotto for every games played, and the same goes for every block,

All good though. The misconception there is in the world, the better for those that can deal with the way it works.

#crysx
[/quote]



This will be my last post on that topic, because I already believe argueing is kind of senseless here. I didnt put any feeling or emotional expression into my reply. Please provide me the lines of code where the Certainty of solving a block is implemented (and I dont mean the Diff Adjustment based on the average blocktime).
Maybe the following analogy might help:
The probability for a standard dice to roll a 1 is 1/6. But that doesnt mean, that you get a 1 every 6 rolls. It is highly improbable but possible, that you roll a 1 six times in a row but the same is to say for not a single 1 in 30 tries.
Even if you roll 100 or 1000 times you're not guarenteed to get a 1 but the chances for that are ridiculously small, but it is still NOT CERTAIN!
The same goes for BTC Mining and the underlying SHA256 hashing. Although the "dice" here has 2 to the power of 256 sides which is for human beings an incredible huge solution space. Because it is that large there is no specific hash value demanded but every value that fulfills the defined criteria. Sticking to BTC being below a certain threshold that is adjusted every 2016 blocks and corresponds to enough leading zeros in the hashvalue of a solution.
But the principal stays the same, there's no guarentee of finding such solution in a finite timespan.

And this is why ...

This is why the system is misunderstood - because you think I am wrong on statistical probabilities that are fact, as well as ratios and mathematical facts that you think are incorrect.

All good though, the more you believe you are right, the more those like me seem to be benefittting from the manipulation of these statistical facts. Probability has feeling, so what you believe or feel is right or wrong is irrelevant. It's maths. The probability is based on EVERY block, on EVERY game, on EVERY hash. Whether we like it or not.

It makes no difference anyway guys, as the probabilities are not what we are all dealing with here. A block WILL be hit when the hashrate is there, that is coded into the system, whether 10minutes or so is also (almost) irrelevant, it WILL be hit - it actually HAS to be unless the chain is stopped with no hash driving it.

I don't need to argue these facts with you, look at the probabilities of Lotto for every games played, and the same goes for every block,

All good though. The misconception there is in the world, the better for those that can deal with the way it works.

#crysx

I do not agree on the "Absolute Certainty" Part. It is just an on-average-solution-timespan derived from the Poisson Distribution Probability. There were periods when the time between two blocks found were 3 hours for example.
If you want to calculate the true probability you need to consider every hash value and its chance of beeing below the current difficulty level. Lets go for the 70GH/s. Say the current Diff is 20T and for BTC the Diff Value when 1 corresponds to 8 leading hex numbers which means 2 to the power of 32 in binary. So roughly 4,3 billion hashs in decimal system necessary to find such a value on average. Multiplay this with 20.000 billion (20T) and you get the chance for each single hash calculated of beeing below that threshold. For such small possibilities you can simply sum them up, the deviation is negletable. But please consider this isnt possible anymore for "probable" events. If you would control the complete BTC Hashrate your Chance of finding a Block in 10 mins is around 63% and not 100% when you sum all hashs up (your machines would have calculated the above mentioned amount of hashs in that time) but as stated at the beginning the probabilty is a distribution. To achieve 100% your integral would need to be 1 and that means to integrate to infinity. Which is hard to achieve if we believe our state of the art science that the universe is finite in regard of its lifespan