Bitcoin Forum

Hi,

I would like to get some opinions from others miners about solo and pool miner.

I mine actually about 600k dogecoin daily in a pool server with my 25Mh/s setup.. but I see I have found in 1 weeks, 12 blocks (about 11 000 000 dogecoins).

I have make only 4 200 000 dogecoin in one weeks.. I see the potential to mine in solo to make the double or even triple of profits.

I would like to hear your opinion about this.

Thank you.

If you find a block on a pool, YOU dont actually find it yourself. All the others contributed their hashrate for you to be able to find one. If they wouldn't have been there you wouldnt have found as many (if any..).

Wrong. The hash rate of other people in the pool doesn't affect your ability to actually find a block. It just reduces variance by paying you a portion of every block found, but also only a portion of the blocks you find.

Hi Guys,

Thanks for your reply.

In the case where you have 25MH/s of hashrate power in your hand, what you would do ?

I know that solo mining for old currency like litecoin due to difficulty level is very a bad idea.. but I'm still thinking that for new currency or currency with low level, to mine in solo is a good way to mine a much more coins with a good hashrate level.

I have a 6MH rig and if I were you I would solo. Your setup is already bigger then some pools' total.

My mining rig is stable and reject rate is low, but I received lower then calculated returns from many pools. (I put in everything, block diff network hashrate pool luck etc all in my formula and running more then 3 days per pool to make sure a stable mature yield, plus im good at math as im a full time programmer)

So after all, I am solo mining worldcoin getting about 2 blocks a day now. I am also using a customized network.py to run a p2pool for many other coins on my pc but for many reasons its unstable and i dont have time to debug it.

I wish someone could have the time to release a good p2pool in binary with a external coins configuration file (make a network.ini) so everyone can easily add a new coin into it. no one needs any pools no more.

Hi,

Good, Honestly after time reflexion, I will go ahead with solo mining.

Anyone have a script or a good how-to to mine in solo with cgminer ?

Thank you.

Nevermind.

All is setup and running since 14 hours now. Hope to see a block found soon :-)

Just for someone that are interested to know..

I got my first block of 500k dogecoin after 36 hours of mining with a setup of 12MH/s  :)

500kh/s for every 100k diff on cgminer

so 25Mh/s is 5M diff on cgminer, you can try, you should get a block every two days in worst case scenario

and with 2,4Mh/s? ^^

hello Try this, www.suchcoins.com

./cgminer --scrypt -o stratum+tcp://www.suchcoins.com:3333 -u Weblogin.Worker -p Worker password

Configure your miner.

Settings for Stratum (recommended):
STRATUM:   stratum+tcp://de.suchcoins.com:3333(>100kH/s)
   stratum+tcp://de.suchcoins.com:3334(<100kH/s)
   stratum+tcp://us.suchcoins.com:3333

wilh my old PC i jusr only get 5k a week, but i think you will get more doge with your spect PC, Good Luck !!!

20 days for a block, a bit to much

If you end up on a pool again, try dogefast.com.   Trying to keep it small to reap the benefits with a few special shibes.   

come join,

such good.

How do you read/find 100k diff?
When I look in my cgminer 3.7.2 or in my wallet for example with Digibytes, I see the diff is 12.6?

Hm so you have a mutli thousand $ mining rig and can't figure out the math?
network hashrate: 42 GH/s
Your hashrate: 25MH/s
blocks in one day: 60 * 24 = 1440

How many blocks do you make in one day? 1440 blocks * 25/42000 = 0.85 -> 6 blocks in one week. This makes on average 3Mio. DOGE per week.
The thing is, when you mine alone you have a bigger variance. When you find the right blocks, you make 4mio. in one week. In the other week only 2mio.

But this apply only, when the difficulty stays the same. With going up in price the diff goes up. Because of that you made last week more DOGE then this week.

btw: You can try coinwarz, too  :)
http://www.coinwarz.com/cryptocurrency/

no contest, solo that puppy.  worst case you make the same as pool, best case you make 3-5x.

How the hell do you have a 25Mh/s setup? That is awesome!! What kind of video cards are you using? Can you post a pic? I have two sapphire R9 290X cards, not quite at your level. :)

He probably has 10 mining rigs... unless he got 25Mh/s miner that nobody else has ;).

maybe i'm wrong but my understanding is that dogecoin block reward sizes are random between 0 and 1 million, with 500k reward representing the median? But the block reward will change soon after 100,000 blocks? Seems unlikely that one's first solved block solo mining is 500,000 reward exactly. I do not believe.

I'm currently in the process of building a 5.4Gh/s farm.  I've looked at a lot of pools and this is more power than a lot of the pools I've seen.  Not looking for much wealth but definitely looking for return on investment.  I was looking around to see if solo mining would be worth it and currently the short answer is yes.

With the currently block diff 25MH/s should get you a block every .2 days or roughly 5.3 blocks a day.  You could join shibes pool and have a decent steady payout.  I'm personally willing to give solo mining a go for a month to compare to pool mining.

OP I would love to see a picture of your current set-up.  I'm already tring to source a 20ton HVAC unit for the building my rig is in.