Topic: [∞ YH] solo.ckpool.org 2% fee solo mining 256 blocks solved! - page 82. (Read 102344 times)
Okay, it was fun, but please don't turn this thread into your personal blog. Stick to discussion related to this solo pool.
There seem to be quite a few newcomers to solo mining thanks to the recent spate of blocks found here, who don't quite understand some things so I'll try to make it clear:
Solo mining is gambling.
Unless you personally own at least 700PH with some kind of depreciation/deprecation plan, the vast majority of miners will lose money mining solo. (This estimate of required hashrate will go up as bitcoin difficulty rises.)
Renting hash long term and mining solo will never make a profit, as the rented hashes will end up costing you more than any rewards you make.
Solo mining is gambling.
Unless you personally own at least 700PH with some kind of depreciation/deprecation plan, the vast majority of miners will lose money mining solo. (This estimate of required hashrate will go up as bitcoin difficulty rises.)
Renting hash long term and mining solo will never make a profit, as the rented hashes will end up costing you more than any rewards you make.
there are methods to almost make it a high risk high reward but at not unfavorable odds.
If you don't understand game theory my talk may go over your head. but here goes. Look at the image.
Notice I offered only .259
lets break the world
I need someone that has strong C#/C++ coding skills who is interested in SOLO mining no solo mining teams and is expert in using nicehash and similar services to break the world together. I Almost gathered the idea into my head the worst thing is breakeven.
I will bear all testing costs (in terms of hash rents) and he will code for free as he will know the idea which he can use for himself or outsource a management service using it later.
I will bear all testing costs (in terms of hash rents) and he will code for free as he will know the idea which he can use for himself or outsource a management service using it later.
144 blocks in 24h,diff is 50e.
1 case - 144/50:1=2.88
2 case - 72/50:2=2.88
1 in 2.88 for me
But i would go with 1e for 24h
1 case - 144/50:1=2.88
2 case - 72/50:2=2.88
1 in 2.88 for me
But i would go with 1e for 24h
Playing a little bit with that tool brings 1 more question
if the tool says I get a block every 3 days what are the potential rate of getting more than 1 block every three days?
Because the second block is the one that may include the profits and coverage for somedays
like once a month? any insights for this?
if the tool says I get a block every 3 days what are the potential rate of getting more than 1 block every three days?
Because the second block is the one that may include the profits and coverage for somedays
like once a month? any insights for this?
3 more days is the answer with an average luck of 100%.
If you want to have more than 1 block in 3 days in this example, you would need more hashrate, or a lot of luck..
if more hash then my strategy will never be profitable.. if more luck that's what I am interested in, about how often it happens?
if I only know how often I can build a 100% profitable strategy that makes solo mining through services isn't gambling anymore
Playing a little bit with that tool brings 1 more question
if the tool says I get a block every 3 days what are the potential rate of getting more than 1 block every three days?
Because the second block is the one that may include the profits and coverage for somedays
like once a month? any insights for this?
if the tool says I get a block every 3 days what are the potential rate of getting more than 1 block every three days?
Because the second block is the one that may include the profits and coverage for somedays
like once a month? any insights for this?
3 more days is the answer with an average luck of 100%.
If you want to have more than 1 block in 3 days in this example, you would need more hashrate, or a lot of luck..
Playing a little bit with that tool brings 1 more question
if the tool says I get a block every 3 days what are the potential rate of getting more than 1 block every three days?
Because the second block is the one that may include the profits and coverage for somedays
like once a month? any insights for this?
if the tool says I get a block every 3 days what are the potential rate of getting more than 1 block every three days?
Because the second block is the one that may include the profits and coverage for somedays
like once a month? any insights for this?
Lets get back to math!
what are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
See solochance.comwhat are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
Makes no difference if both are run within the same difficulty period; only how long you wish to watch your statistics.
thanks for creating all these tools very helpful
do you know any better place than nicehash and miningregrental? I already started renting from users here but I need big hash amounts
No idea where else, sorry; most big farms mine for themselves.
Lets get back to math!
what are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
See solochance.comwhat are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
Makes no difference if both are run within the same difficulty period; only how long you wish to watch your statistics.
thanks for creating all these tools very helpful
do you know any better place than nicehash and miningregrental? I already started renting from users here but I need big hash amounts
Lets get back to math!
what are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
See solochance.comwhat are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
Makes no difference if both are run within the same difficulty period; only how long you wish to watch your statistics.
Lets get back to math!
what are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
what are the chances of finding a block (or more-how many?) using 1.00 EH/s for 24 hours?
what are the chances of finding a block (or more-how many?) using 2.00 EH/s for 12 hours?
Which is better to consider if both are the same cost?
Waiting for the block to come
Wishing I had strength to stand
This is not what I had planned
It's out of my control
Wishing I had strength to stand
This is not what I had planned
It's out of my control
PLEASE
who helps me configure my futurebit node to mine my own node someone does me the favor if they are kind
Um, any reason you did not post in the Official FutureBit Apollo BTC Software/Image and Support thread? This area has nothing to do with that... who helps me configure my futurebit node to mine my own node someone does me the favor if they are kind
PLEASE
who helps me configure my futurebit node to mine my own node someone does me the favor if they are kind
who helps me configure my futurebit node to mine my own node someone does me the favor if they are kind
Would like to have a go at this I got 72 Ths.
what do I do tell you how much btc I want for a week or is it a standard payment per Ths
what do I do tell you how much btc I want for a week or is it a standard payment per Ths
if you are talking to me comment on that topic https://bitcointalksearch.org/topic/2-hot-sell-your-hash-power-to-me-5448550 and I will get back by 10th of may
Would like to have a go at this I got 72 Ths.
what do I do tell you how much btc I want for a week or is it a standard payment per Ths
what do I do tell you how much btc I want for a week or is it a standard payment per Ths
GL! Let’s cross our fingers to hit long awaited block.It will be really life changing moment for me…
we'll do it
GL! Let’s cross our fingers to hit long awaited block.It will be really life changing moment for me…
That’s quite brave assumption!)))If that would be guaranteed,i would be rich long time ago.
yes, he told me to give him my BTC addresses to push it.. lets see if he can truly do it.
That’s quite brave assumption!)))If that would be guaranteed,i would be rich long time ago.
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