Topic: [∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! - page 300. (Read 1514786 times)

you're right....I think I missed my calcs......let me check it up again

and if someone can calculate the odds of hitting a block......


and lastly i haven't been in this thread for long time and saw few persons talking about renting hash.....I also rented for more than 0.5BTC so far...and it adds up...

I think that the odds are way better if the group can get a substantial hash rate and long enough hash time that a single person with smaller hash rate or way shorter time...


and when you're talking in petahash it's starting to be a more serious game.....
Now, I probably wouldn't rent less than peta for less than a day.......but that's me....

regardless of calculations, 1st 1 MUST hit a block then talk, till then start talking abt splitting the block

no block no talk sadly

I proposed because I didn't knew it...and there's always people asking about renting....but renting on a budget isn't get you anywhere...

that's why i proposed it.....

and if it's a trustworthy person, like you for instance, it might not be as much of a work.....at least imho...

I was thinking about something simple.....but calculations must be done prior to make sure that odds are good.



If my calc are ok.....I took bitcoinwisdom and nicehash as reference

lets say 3.3 peta should on avg mine 1 block  or 25 BTC/24hrs..

3.3 peta at nicehash cost 16BTC/24hrs..

therefore if the rental makes 1block the group is even....


then if the group is let say 20-30 persons/or shares (as one might contribute like 2-3 single persons)

it would be easy to divide the contribution and the reward.....

16 BTC / nb of persons.....and
25BTC - CK tip and fees / nb of persons...for each block



let say that 16BTC is the right number....and to round the reward is 24BTC / block after all fees....etc.

also the person that would take care/organize might get a fee or tip if all agree....




Personally I would definitely participate...if someone can confirm my numbers....




then if 24 people participate it makes the cost 0,6666667 and the reward 1BTC/person/block....

or 30 people the cost would be 0.533333334BTC......and reward 0.8BTC etc.....

didnt even notice. good job ck.

trying my luck on lottery, 1 miner from EU, 1 miner from US of A 1 miner from asia all pointed to your pool ...

There will be a pool restart shortly to implement the fix for user/worker/client stats decaying too fast. Miners will likely not fail over.

EDIT: Complete

The club is about ten hours a week of my time. Plus the hash I buy to make it a better way to mine for the little guy.

It has been not only discussed here before, but folks have done it.  I think the consensus was it was too much work and you need a really trusted person to devote their time to run it and distribute funds.  Probably the reasons it hasn't happened again.

The current iteration would the the gekko stick solo club, a bit more simple that hashrent but still not without its complexities, need for trust, or time requirements.

ezeminer is correct.

what you do to get an idea  odds is go to bitcoinwisdom.

go to this chart

https://bitcoinwisdom.com/bitcoin/difficulty

put in 1 th and see your daily earnings  for this adjustment earnings are 0.007637 per th

so if you pay less then that price the odds are in your favor.

think like the 3 digit number the lotto  the goverment pays 500 to 600 to 1 the real odds are 1000 to 1

so if you bet 1 dollar a day and I give you 1050 to one you could make some money  in the long run.  maybe not that day but day after day bet after bet most likely you would end up ahead.

So if you rent hash  under current price of 0.007637 a th and mine on ck's pool you should win.  does not mean you will win.

@ ziploc we have done it more then one time.

and here it is again  0.007637 is the magic number to pay.

 but you need to take into account fees and the correct number becomes about 0.0073 per th.

maybe we should do a GROUP hashrent ?

someone enlightened might make some calculations/estimations and see what are the odds/chances,etc

You have roughly a 1 in 250 chance. When renting, it is more how much you put in, rather than how much you rent.

Because that pool is big enough to solve blocks more frequently. It is not very common. It only happens with large pools.

West coast USA. The pool doesn't earn enough to run in more than one location - cheap VPSs do not perform well so I'd rather have one well performing one than many poor ones. That's usually why you shouldn't trust random newcomers setting up a pool for the first time as the performance of the pool matters a lot.

Trying to figure out making order of high th/ph for 20 minutes,
for .10192263

Any help?  using nicehash

if price same westhash better, but if nicehash cheaper than west; we can use nicehash. thank you very much for good and detailed answer. 

The difficulty adjusts to fulfill the 10 minute average. It can vary though on how fast blocks are solved. Sometimes the network is extremely lucky and cranks out a couple blocks in a minute, sometimes it can take an hour to crank out the blocks. That's the beauty of the difficulty recalculations built into the bitcoin code.

If you mean resolve the block, confirmations have to be done across miners to confirm the legitimacy and the integrity of transactions. I know Kano is better at explaining this stuff incase I have it wrong.

Statisticians, Futurists, Actuaries:


why is it so very common for the same pool to hit 2 consecutive blocks?

ok then now plz explain it to me why it takes on average 10min to resolve the block ?

if it's instant...the winner is chosen instantly then why that delay....?

the fast asiscs are sleeping 9m59sec...and for the the slow ones the instant moment lasts for 10min

Or maybe not. That's like saying I make biscuits. You make biscuits. We both use the same recipe and we both turn out 100 biscuits every hour. But somehow my biscuits are slightly better than yours. A hash is a hash is a hash.




EDIT: Heh, Mike beat me to it. What he said.

Except that there's not: zip zero ziltch no difference.  A hash is a hash, all that matters is how many calcs per second you can perform.  As long as your 1000 devices are pointed to the same pool getting the same work it will result in the same chance at solving a block.

Yeah i know.
Thats how everybody thinks it is, because everybody keeps saying the same thing.
Eventually everybody bilieves that it is the same...

But maybe.. just maybe, there is a difference beetween one very fast device, versus 1000 slower devices.