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Title: solo litecoin mining question Post by: mrchu001 on April 09, 2013, 12:42:12 AM Hey guys, I am trying to start solo mining LTC. Right now, I am trying SoloEasy with cgminer. What are your guys experience with it? Or do you have something that might work better for me?
And just to clarify, I have a single AMD7870 gpu running. Thanks in advanced. Title: Re: solo litecoin mining question Post by: Raen on April 09, 2013, 12:43:33 AM You probably won't have much success with that hardware without mining in a pool.
Title: Re: solo litecoin mining question Post by: RikoOnWeb on April 09, 2013, 12:49:42 AM Why solo? Especially with that hardware you would be much better off in a pool.
Title: Re: solo litecoin mining question Post by: mrchu001 on April 09, 2013, 12:52:18 AM You guys really think so? What would the timeframe be to unlock a block with my HW? I only decided to solo mine LTC because I was under the impression that it was easier than BTC. Would it be more profitable to pool mine LTC or BTC with my HW?
Thanks. edit: i am currently getting 280kh/s. Is that decent? Title: Re: solo litecoin mining question Post by: RikoOnWeb on April 09, 2013, 12:57:19 AM You guys really think so? What would the timeframe be to unlock a block with my HW? I only decided to solo mine LTC because I was under the impression that it was easier than BTC. Would it be more profitable to pool mine LTC or BTC with my HW? Thanks. edit: i am currently getting 280kh/s. Is that decent? http://www.litecoinpool.org/calc?hashrate=425&difficulty=205.77652398 This is an estimate of what you could be getting in a pool vs. expected probabilities of finding a block. I found the hashrate of 425 over here: https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison I am afraid your 280 is slower than it should be. Looking at the numbers, it will take you almost a month to get the reward of 25 coins, $4 and change each, versus $260 a month in a pool. Title: Re: solo litecoin mining question Post by: mrchu001 on April 09, 2013, 01:02:36 AM http://www.litecoinpool.org/calc?hashrate=425&difficulty=205.77652398 This is an estimate of what you could be getting in a pool vs. expected probabilities of finding a block. I found the hashrate of 425 over here: https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison I am afraid your 280 is slower than it should be. Looking at the numbers, it will take you almost a month to get the reward of 25 coins, $4 and change each, versus $260 a month in a pool. Hm, why do you think it's slower than it should be? So it's almost the same payout... Is pool mining LTC still more profitable than BTC with my comp? edit: If anyone can suggest good pools I would greatly appreciate it. Title: Re: solo litecoin mining question Post by: RambJoe on April 09, 2013, 01:08:51 AM You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.
Title: Re: solo litecoin mining question Post by: mrchu001 on April 09, 2013, 01:12:48 AM You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block. Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block. Sorry for the newbie questions, I've been trying to read as much as I can. Title: Re: solo litecoin mining question Post by: thedonvon on April 09, 2013, 01:28:54 AM I am also running a 7870 and am getting about 295 kH/s...i cant get it any better than that.
gpu-threads 2 thread concurrency 5120 intensity 12 worksize 256 Good Luck please let me know if you find other settings you are more successful with!! Title: Re: solo litecoin mining question Post by: mrchu001 on April 09, 2013, 01:56:45 AM I am also running a 7870 and am getting about 295 kH/s...i cant get it any better than that. gpu-threads 2 thread concurrency 5120 intensity 12 worksize 256 Good Luck please let me know if you find other settings you are more successful with!! yeah, same :/ hopefully someone can help us out lol Title: Re: solo litecoin mining question Post by: HackneyB on April 09, 2013, 02:08:20 AM You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block. Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block. Sorry for the newbie questions, I've been trying to read as much as I can. Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block. Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. Title: Re: solo litecoin mining question Post by: mrchu001 on April 09, 2013, 02:12:08 AM You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block. Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block. Sorry for the newbie questions, I've been trying to read as much as I can. Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block. Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. alright sweet, thank you. Title: Re: solo litecoin mining question Post by: thedonvon on April 09, 2013, 02:12:44 AM You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block. Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block. Sorry for the newbie questions, I've been trying to read as much as I can. Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block. Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. Title: Re: solo litecoin mining question Post by: mrchu001 on April 09, 2013, 02:15:09 AM Mining bitcoin yes this would be correct. LTC difficulty is much lower and your numbers are definitely off...with that said i do agree it would take a very long time to get your own block. Pool mining is definitely the way to go. okay, i'm trying to get cgminer working on my comp and when i try to enter the pool information it crashes everytime. any ideas? Title: Re: solo litecoin mining question Post by: HackneyB on April 09, 2013, 02:20:50 AM You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block. Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block. Sorry for the newbie questions, I've been trying to read as much as I can. Basically if you were mining with that card a year ago things would be different. Today it may take you months or years to get a block. Look at it this way - there is a pool which totals 1 TeraHash/second. It takes that pool 12 hours to get a block and get that 25BTC reward. Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool. So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. Thanks I missed that point. Doesn't "the market" factor that in and make LTC cheaper by exactly the factor that it is easier to mine? |