Bitcoin Forum

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You are more likely to be struck by lightning than you are to be solve a block.  So the potential is there, but odds most certainly are not in your favor.  Turn off the miner but keep it as a novelty unless you enjoy seeing CGMiner running  :D

Make that getting hit 10 times by a lightning in the same day lol  ;D

All you need to do is get GUI Miner and put it on a small pool like Eclipse MC and set workers to DGM - Thank me later  ;)

I change pools regularly because I just like trying new things and sometimes bad luck's just beyond what I find acceptable (Attack, ddos, etc..)

If you have no real will to really do anything, get surprise payouts from smaller pools ;)

That's how I started a year ago.

That's what I recommend to you as it will earn you 25 BTC LONG before you do it solo...

Here is your expected profit for your first month without power and hardware costs: Net profit first time frame $0.22 USD (Month) (That's dollars, not coin)

Here is your expected time to find a block: Average generation time for a block (solo) 5506 years, 5 days (can vary greatly depending on your luck)

At $0.22 per month, it would take 3,300 months, or, 275 years to get one block with 333 mhz.  *Stats captured from Bitcoinx.

Some coin is better than giving away money to power companies if you ask me but if you want to chance it and be guaranteed to get absolutely nothing then, knock yourself out =D

Best of luck!

Yep, I'm doing the same thing with a handful of BE's.  I keep thinking things will settle down and I'll be able get some decent hash rate at a fair price.  But it looks like I'll continue to be disappointed for quite some time.

Oh well.  At least my Bitcoin node should be doing the network some good.

im just about to set up a Gridseed to solo mine. 11.2 GH/s of solo power  ;D

You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

Be careful when doing that unless the pool OP has really established himself/herself.  25 BTC is a lot of incentive for somebody to just walk away with something you earned for them.

If you were to only use .333 GH/s to solo mine then you would essentially be using your miner as a lottery ticket.

While solo mining Bitcoins is an attractive prospect for obvious reasons, you have to keep in mind that there has been no single legitimate claim of a solo miner using less than 500 Mhs finding a block in Bitcoin's current ASIC-driven climate. Other reasons aside, I wouldn't recommend keeping a USB ASIC solo mining for over than 5 minutes a day if you are concerned about making an ROI. Believing in luck is normal; relying on it is stupid.

As for me, I solo mine other coins with a few Ghs every once in a while, but never Bitcoin.



The OP is already solo mining, so there is no reason to join a "solo mining pool" where the faucet operator takes a cut of his/her earnings for providing a service that he/she has no use for. The only advantage of such a pool is that the miner would not have to set up his/her own client, which is usually only an issue for hijack botnets and newbie miners uninterested in learning to set up their clients on their own.

I have never set up a client to do solo mining and I don't know how to. I guess that would be my next project in this addictive mining hobby. Only started mining for a month
So I do have much to read and to learn. It has been fun so far. ;D

unless you have a substantial amount of hashpower you will really not even have any way to verify that you have everything set up properly as you will likely never find a block

All these people telling you to turn it off.....no.  Here's why.

What does it cost you to run the BE on your laptop that you already use?  Maybe .10 a month?

Whats the harm in running it?  Maybe you get lucky.  99.99999999% you dont.  But it isnt hurting anything to run it.  LEt it go, and maybe one day you wake up with some btc.

At this point no. Maybe 1 year ago you had a much better chance.

Even if you were to disregard the issue with potential scammers you still have the issue that the majority of miners have an extremely small chance of finding a block.

Eh, I have 7 BEs solo mining Bitcoin. I know the chances are slim to none but its not costing me hardly anything and I had never solo mined anything before so it was a learning experience in setting it up.

IMO only way to use tchem is for solo.

I've got 5 Antminer U2s connected to a Pi that solo mine because... why not?

Good luck with that even if you have 5 antminer :)

LOL... that's the whole point.  Throw the stick miners into the solo-mine game because they cost virtually nothing to run.  Have the SP10 and S1s mining on p2pool.  If I happen to see 25BTC show up in my wallet some day, hooray!

Solo Mining with old outdated equipment is just wasting your money, nothing else. You should join a pool or start cloud mining.

This is talking about one of the Block Erupter 333 MHz miners.   It wont do much on a pool alone.   It is more of a novelty at this point or good for someone wanting to try mining on a small budget.

With solo chances are it will never get a block ever.  It's like someone playing the lottery they know they most likely will never do... but still people keep buying tickets.

I wonder if the do USB block erupters make any profit at the current level of difficulty.Should have to use many of them to make a decent amount of bucks in my opinion

No, you won't be making any profit using block erupters.  You'd need 1323 of them just to have the same hashing power as an Antminer S3, and at current difficulty levels an Antminer S3 is expected to make 0.009301BTC a day.

I don't think you will get profit but anyway, is the electricity free for you? If it isn't how are you going to cover your fee? ??? I suggest you to join a pool.

~~MZ~~

If you've read through this thread, you'll notice that those of us who are using a few USB sticks realize we aren't going to make a profit by using them.  It's akin to playing the lottery.  We're running at a loss (i.e. the cost of electricity) hoping that we get lucky and strike it big by solving the block.  For example, I've got 5 Antminer U2 USB sticks.  Throwing my 10GH/s into the pool is just about worthless (between 0.0001BTC and 0.0002BTC a day at current difficulty).  I'll take my chances losing that potential revenue for the possibility that I suddenly get 25BTC in my wallet.

yeah basically if you arent solo mining with USBs then you are just wasting electricity.  at least if you get lucky (really really really really lucky) you could actually make money.

Can I suggest you something? Why don't you buy Hashes in cex.io and point your miners to GHash.io? You will get a small profit. :)

~~MZ~~

I like what you're doing. Those USB miners cost almost nothing to run and they're lying around unused anyway. Why not take some chances even if the probability is way too low? No harm believing in a little luck, huh?

If ever they hit a block and 25 BTC show up in your wallet (the chances of which are slim to none), it would make a historical case just like those 10,000 BTC pizzas :D

Guys, don't solo mine with outdated equipment unless you have free electricity. You are giving profit to electrical company instead of  yourself..

Erm, solar panel cost money too, sell back the energy you make?

You could easily point them at this service I set up: https://bitcointalk.org/index.php?topic=763510.0

If the crooks at Black Arrow ever ship me my 2Th/s miner it will accompany my obsolete block eruptors in their attempt at solo mining Bitcoin. Luck is my only hope here. At that speed my current odds of finding a block are about once every 2 years but it does bring ROI back into the realm of possibilities.

If you really want to be mining something I recommend you Hashlet from GAW miners. It is pretty good deal as you invest not that much to gain some profits. Definitely better than waiting for miracle with outdated equipment.

I know reply is like 2-3 months old... but anyways..

Cant you hook it upto testnet to verify its working ?? or is the hashrate crazy in that too ?

What if the result is a lot of mining itself

Im working on this SoloMining.com (http://"www.solomining.com")

But isn't SoloMining.com (http://www.solomining.com) like other pools. For solo mining I could only find bitsolo. Is there any differences between solomining.com and other pools. Anything particular to solo mining? I didn't understand, that's why I asked.

  ~~MZ~~

There are a number of solo mining options out there.  The author of cgminer, ckolivas, has launched his own version of the solo mining pool.  Check it out here: https://bitcointalk.org/index.php?topic=763510.0

You can verify a proper mining setup by using testnet.

I solo mine using old equipment but only on fresh alt-coins. Normally I snag a heap of blocks and trade for BTC/LTC early.

I have a 1.5kW solar panel system, a Jally (for SHA-256) and an R9-280X (for scrypt) that was funded by early BTC profits. They only run a few hours a day, basically in the background whilst I do paperwork.

I make a between AU$100~AU$250 a month doing this.

Bitcoin mining is almost dead. At this time Solo Mining with old outdated equipment is just wasting money.

What Alt-Coins can I use my old Bitcoin-Miner for?

None of the SHA-256 coins are more profitable than Bitcoin presently.  Either solo mine BTC or don't mine.

Brah do NOT solo mine! If you have free electricity join a pool if not then just forget mining yourself and join the cloud!

I don't have a .333 mhs miner, rather, ATM, three 2.40 Ghs Antminer U2 USBs. All I regard these as just supplements to what I do already with clouds that I already had from before and add on everything, so far to an eobot cloud till I am eventually satisfied with speed of my future cloud and the upcoming 175 ghs miner Sha256 that I am getting.

If the power usage is not so great, say with a Pi, you could maybe connect it to a solar panel, and program the Pi to switch on and mine when their is power (sunlight), then put the rig somewhere and forget about it.
In 10 yrs time, you might have got lucky and be the lucky owner of 25 (or 12) Bitcoins which by then might be worth  ???      Think of the initial cost as ten years worth of lottery tickets.

can't agree more.

feel free to convince me why not solo mine?

If you have very less hash-rate, you will hardly mine a block? You may go forever like this as the difficulty is increasing. I am not telling you WONT but it is VERY HARD. But if you mine in a pool, you may get atleast a few CENTS. ::)

  ~~MZ~~

My fee is only 0.5%, you can select diff, which in the other pools are just vardiff, you can see statistics with graphics and a more simple and friendly interface, plus I'm open to all kinds of improvements for users, you can contact me easily and I am a reliable person on the forum that I have been here for many years .

You can also mine Alts.  :)

Solo Mining seems like a waist of money, even for the bigger privaat farms (like 25 TerraHash)

Why not cloudmining, cloudmining really beats asics.
For example My Hashlets i got for 16 dollar i sold two days ago for 40 bucks AND got also 70 roi whit mining alone.

And Genesis Mining, perfect cloud mining company, scrypt and sha256 and in a view week X11!

https://dl.dropboxusercontent.com/u/304909/Genesis%20Mining/Schermafdruk%202014-09-22%2020.31.19.png

https://dl.dropboxusercontent.com/u/304909/Genesis%20Mining/Schermafdruk%202014-09-22%2020.31.39.png

each coin has pool now, no need the solo mining any more. would be a better choice one year ago.

If you want to mine something or at least be close to doing so I recommend one thing. You just need to buy couple Hashlets from GAW miners and enjoy mining ;) It is cheaper, safer and more profitable than trying to mine on your own.

True

's'up shills, what exactly do could/hashlet scams have to do with solo mining you low life piece of shit crooks? 

I still solo mine on a ant miner its like playing the lotto.  ;D

Looks like somebody here is butthurt. Any proof of the scam or are you just spitting random hate?
Oh, and we start a sentence with a capital letter. :D

Butthurt, my asshole is so wide you could drive a tractor trailer though it after having it reamed out by the Gypsies (literally) at Black Arrow.

As for these scammers a quick search of BCT reveals:

Proof of dishonesty and lies from Gawminers.com Hashlet Ponzi Scheme Scam (https://bitcointalk.org/index.php?topic=749980.0)
ZenCloud has to be a scam -- especially HASHLET (https://bitcointalk.org/index.php?topic=742922.0)
gawminers scam (https://bitcointalk.org/index.php?topic=756339.0)
Watch out for GawMiners, ZenCloud, ZenMiner.. PONZI Scheme! (https://bitcointalk.org/index.php?topic=760175.0)
GAWMiners - WARNING customer service and damaged/used products (https://bitcointalk.org/index.php?topic=710091.0)

...and yes we do start a sentence with a capital letter, the "W" is in fact capitalized.  ;)

So what is the chance of finding a block as compared to lottery? Can someone bored do the math and express it as 1 in .... ?
Got 12 U1s I am too lazy to sell , solo mining might be a fun lottery-like waste of time, unless the odds of finding a block are like one in billion trillion gazillion.

The odds are somewhere in-between a snowballs chance in hell and not going to happen.

You know, I think sometimes people just enjoy mining for the sake of mining. The concept it represents or the ideas and dreams of the past - when you just might hit something solo mining. Save the electricity costs, there is no real downside; it allows few with old mining hardware to still look over at it mining away and smile from time to time. I think it is good for the idea of bitcoin as a whole.

Running a full node does strengthen the network.

It's very easy to pick a random thread just by reading the name and judge. Scam accusations aren't removed, so every overreaction by a client stays here forever even if the case is resolved.
I could for example make a thread right now called NOTBATMAN SCAMMER and send it to some of my friends to start similar threads in different sections, then link it to you as proof.
Just one look inside shows that:
https://bitcointalk.org/index.php?topic=749980
https://bitcointalk.org/index.php?topic=742922.0
Both these threads were started by newbies with activity 1 who never defended their claims and disappeared right after posting (most likely both were made by the same person).
https://bitcointalk.org/index.php?topic=756339.0  
The first post of this thread says: Edit: Was refunded several hours after updating this thread for full amount owed.  At this point they are refunding people, slowly, but they are, so apologies to gaw at this time.
https://bitcointalk.org/index.php?topic=760175.0
The first post of this thread says: DELETE PLEASE
https://bitcointalk.org/index.php?topic=710091.20
This thread is a month old and was answered by GAW support, the poster didn't update it so we can assume the case was closed.

If you have any questions about GAW I'll be happy to answer you.

Your company is sketchy as hell dude and you guys are pushing your cloud mining ponzi in a thread titled "Solo Mining with old outdated equipment", and you wonder why asshurt BCT users who've been scammed by crooked mining companies are flaming you?

Ok, now I understand your attitude, but GAW can't be responsible for every single person who promotes them, even if these people are doing it in a wrong place.
There's a large number of companies providing cloud mining services around the world and most of them are real. The fact that 1 out of 10 is a scam does't mean others are too.
GAW is a brick and mortar company and you can visit their office whenever you like or meet them next week on a conference in Vegas.
I hope you'll have more luck with your future investments :)

Since I have been hit by lightening maybe I should point my few Ths at ckolivas's solopool and watch the BTC roll in  ;D

Why are you angry? From what I can see GAW is legit company. And I think one of a better companies on cryptomarket. I read people comments about Hashets and everyone tells the same thing - GAW's customers are making money out of Hashelts, ROI is certainly there. As far as I know GAW never scammed anyone too. I have seen people calling whole bitcoin a 'ponzi scheme'. It is like catchphrase for some haters. Please don't be one them. Hava a nice day.

Proof I'm legit on this thread:

https://i.imgur.com/N9dJqWE.png

Rock those Block Erupters!  Here's a shot of my U2s chugging away on Con's solo pool:
https://i.imgur.com/meSkEJI.png

just got these real cheap off ebay and this is during their first 24 hr run.

https://scontent-a-ord.xx.fbcdn.net/hphotos-xaf1/v/t1.0-9/10710711_917986454879651_5092549330398981032_n.jpg?oh=7c2dcea570069ebf937174ebe85bfb9b&oe=54AA5FD9

https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-xap1/v/t1.0-9/63721_917986531546310_6440517876630981292_n.jpg?oh=1da49890b23c60530d5562ae17d17ea3&oe=54F20EFD&__gda__=1421135504_5fef1be677b5bd902d920ebf9d2a5ee0

I once tried solo mining for a whole month and get nothing.. Regretted cause my electricity bills is here.

If you're planning to solo-mine Bitcoin, you should do only with USB miners since they use electricity next to nothing.

Using a power-hungry doesn't improve your chances of finding a block drastically anyway.

Almost lol.

tell me about it. wouldn't be bad for a $20 ebay investment.

wtf, why would i waste valuable non-replenishable energy resources on such nonsense

sure, depending on how much time you got for that investment

I got a 2g+ share on 14mh/s,  that gave me a merge mined DOGE block

i sell this crap now

solo mining is okay but not with outdated equipment, its just a waste of electricity and time..

Thanks for giving me the heads up guys! Silly me, I could have wasted time and money on this but now thanks to your valuable input I will save money.

If you're lucky enough, you can be struck by lightning
I mean it's hard to mine 1BTC now, the chance is just too little.

What about if you make sure that latency of ISP connection is very low, not using a very long ethernet cable, connecting the cable modem directly to the mining computer, running a slim streamed Windows XP SP3 installation entirely on a RAM drive [in my case, I have an ACARD 24GB DDR2 SATA Ram Drive] in order to obliterate the seek times you would normally see on a standard platter based SATA hard drive and even the ram drive would beat any SSD drive in terms of seek times.

Since mining involves first downloading block(s) which will first get stored on the hard drive, and then loaded onto the system's RAM to be analyzed and then the results uploaded back to serving nodes, do you think that solo mining under a very low latency internet connection, under a computer with a ram drive installed to lesser data seek times and uploading the results back to serving nodes with little latency, will that cause me to find a block first before the ASIC's out there gets a chance to process the data? 

Will this work?  Has anyone ever tried anything like this?  If so, what was the result.

I haven't tried it due to not having sufficient time due to work, but I will try if I can see a positive confirmation from others.

I cobble together old garden solar panels and am in the middle of converting some old ceiling fans to low power generators (~150W each). Pump everything through a small battery bank in a 400W UPS which powers the following solo mining gear (for as long as the juice is available);
1. Celeron dual core laptop
2. Jally 7GHs
3. R-box 32GHs

Using the UPS I have soft start up / shut down and the system runs about 8~14 hours per day.

I normally pool mine with this set-up but am looking to solo mine now that the returns are so low for pools.

I am on the scrounge for any old low power miners people have lying around. e.g. USB stick miners. As these only use a few Watts each, I can slowly expand the gear whilst adding more 'solar garden lights' to compensate.

Nice setup/Idea!

Have you considered using e.g. a Raspberry Pi instead of a laptop? You might get a little more time out of it, energy wise. Also watch the battery bank, if you always deplete it to 0% (based on a daily operation of 8-14h a day this happens) then it will degrade faster. I guess for a small project it's OK.

I have a Block Erupter lying around which I'm not using at the moment, but I'm planning to put it "back in business" soon and let it have some fun. Might as well try to make a similar project as you.

Someone in the thread ever found a block in solo?

I haven't yet but its only been a week for me. Had the one hit in 6.6 billion, other than that is been usually in the double digit million.

Use free energy to power your miner before "they" block out the sun, I found 4.8kW for under $45 on ebay for eg.

http://www.ebay.com/itm/70W-40PCS-3x6-solar-cells-kit-DIY-solar-panel-tabbing-bus-wire-flux-pen-/281055368126?tfrom=350715712623&tpos=top&ttype=price&talgo=undefined

I've been advised to wire straight 12V for everything.

Mining solo is good when you are hipster, masochist or dumb person. Mining with outdated equipment is like being extremely retarded and stupid. If you want to mine purchase some high end ASIC or buy some cloud mining contract and you will be fine.

Mine for real yo!

https://i.imgur.com/ryYKXVi.png

I think those DIY cells are 70W in total, for 45$. (40 pieces of 1.8 Watt peak cells.) Would be fun though to connect all of them manually.


Because those pay back well...
I think this thread is more for hobbyists than for profit-seeking people who want to invest 5000$ in a single piece of equipment.

Perhaps you're correct the price does seem suspiciously low, I just saw 70W and timesd it by 40 lol. In any case I've been told the DIY solar kits can be cost effective.

I paid for one of those $5k machines in November of last year, it still hasn't arrived and has been obsolete for months now even if it does get shipped.

That's the thing. It would probably pay back, maybe even make a profit IF it arrived when it was supposed to. After reading all the stories of 6+ months late delivery, that hashing power just lost 70% value. Unfortunate truth :-\

Maybe? I'm out at least 25 BTC if that's all that I had mined @ 2Th/s since late February.

Sorry about that.

I personally wanted t buy one of those Butterfly Lab Jalapenos (5GH/s) when ASIC mining started to pick up. Initially they sold it for cheap prices and I calculated nice profit on it. I decided however not to buy (was unsure about investment). And judging on how fast the difficulty grew, I would have been pushed out of mining fast enough.

This is why it is best to opt for a refund instead of opting to receive the miners from a company under conservative-ship. If you choose to receive the miners then you must essentially gamble and solo mine hoping that you will find a block in a much shorter then expected time

Forget it mate, it's a waste of time. Just buy some coins and hold.