Topic: [∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! - page 276. (Read 1514780 times)

  congrats to 17UhZWXLyiHmPmAb4VdFweGWRYY52qjxwp for the solved Block!

Use Kano's simple calculator:
http://tradebtc.net/bitcalc.php

Since you're mining solo, you have to pretend you're the whole pool in the calculator so put your hashrate in the "Pool Th/s:" box.

I honestly don't know. So far the total hashrate and number of users has gradually grown but it's hard to know if that's time and reputation or paralleling the growth of the network. There's no doubt home miners have almost no chance to make a profit doing regular pooled mining unless they have dirt cheap electricity, and that's both the reason I created the pool and why they come here I believe. Having said that, approximately 2/3 of the hashrate comes from rentals so the economics at work there are totally different and come and go far more than the continuous miners.

I think it's about time one of the small miners found a block too since all the recent ones have been hundreds of TH and more. They're the more exciting and fun block finds to me and other users.


0.5% is more than enough to pay for the servers, but I need to make more than 1 block per month to actually make a profit, which I am. It's not exactly a huge profit considering the time and effort that I've put into the pool, but then I got paid to write a lot of the ckpool code and the profits from this pool fund further maintenance and development of ckpool. It's also a very bare bones pool with no flashing lights, bells and whistles and I prefer maintaining that sort of service since it means I can concentrate on things I care about - the low level performance of the actual mining process. If I charged a higher fee people would probably expect more "features" from the pool and that's not going to happen with me as the administrator.

If the pool ever got larger and I earned more profit purely from solving more blocks, I would make the server higher power to cope with more users but maintain the low fee and bare bones nature of the pool. However the current server is good for up to probably 50PH and that's not going to happen any time at this rate.

Hello CK, how calculate the rate to catch a block?

what du you meen to this Solo Calcolator --> http://hut.keinbrot.com/bitcoin/solocalc/

With 3TH at current difficulty you will find a block on average every 1310 days, so currently you have a 1 in 1310 chance of finding a block each day.

Hi lads
I m new in this solo mining but i will giv it a try
I have almost 3 TH did i have eny chance to hit a block ?

I have an odd question for -ck

As the network grows, do you expect to have a decline or increase in users and hashrate?
So far since last adjustment the network has gone from 540PH to approx 700PH.

I mean I have a couple little USB lotteries running under my desk... *Crosses fingers for the next 1.3 million days*

If you mean with ck == con, then YES, yesterday on Kano.is.

 

You hit two on kano.is if I'm right, but that was not solo.

Or 10 %! How about 20?


Or keep it the same and keep attracting a higher quantity of users. Economics 101. More users = more blocks = more $$$ for monthly server fees, though in reality one block/month should cover server fees entirely. Servers aren't crazy expensive. $150/month will buy you two very nice servers with alot of features or three good servers with bare-bones features and you add what you want from there.

It's the McDonalds template. You can't raise prices without losing business. I think he hit the sweet spot with 0.5%. It was a stroke of marketing genius.

Wow another 2 new blocks mined here. It's good pool.. I recomemded increase the fee to 1% or 1.5% because u need to pay the servers..

Yeah, but I was referring to a bonus, not a divisible block diff. 

For 2 blocks? This diff could enough for 17 blocks

Hahaha, that should be worth two blocks! 

Congrats to whomever pulled it though. Great share!

fuck, what a high diff value...

diff 1.408.065.188.011   

https://www.blocktrail.com/BTC/block/000000000000000000c7e61e49e1806cf579db884639b991847bca1c33b9f89a

  Congrats to 1EPSY7YmK8yd3jYJ3zuKuVHxPvGLmsmEPS for the solved Block!

Another "Live" view, hope that I can see it more..

 lol

What?  You don't have Bitcoin addresses memorized??

It's funny how you can recognize addresses easily if you see them enough.  I can recognize most of mine that I have used.  Recognizing them is different from memorizing them.

Yeah.
Its because its ending on FOC =)