Bitcoin Forum

Hey all, can seem to find a topic where i can set up my own mining pool. e.g I take the entire block unlike P2P pool. I have a nice little collection of miners now and would like to take the risk?

Does anyone know a link?

Thanks

Just use this pool https://bitcointalk.org/index.php?topic=763510.0

Much better than doing it alone, just pay the small fee well worth it

Edit: you will get the whole block if you find one less the small fee

I have doing this thing for 1 year.
I prefer P2Pool system ... more data, more interest of the system.

The main issue with running solo at home is the risk of losing the block.
Of course you should run a bitcoind/bitcoin-qt at home no matter what, but when you already have the high variance of solo mining, to then lose a block due to it being stale on the bitcoin network if your home bitcoin isn't well connected to the network, that makes it seem all rather risky indeed.

https://bitcointalk.org/index.php?topic=763510.msg10561035#msg10561035

You can check how stale your bitcoin is at getting new block information.
You need to know when the blocks were actually found and compare that to your bitcoin debug.log when it sees them also.

Blockchain doesn't display the time the block was found - they show the block header timestamp - that is allowed to be anything up to 2 hrs after the block was found - so ignore their timestamps.

I will point out that my pool does show the exact time the block was found by the pool, and then sent out to the bitcoin network, on the blocks page.
So you could compare to that information to get a rough idea.

Second issue of running pure solo mine is you need to power a server with decent quality.  So if you run 1 antminer s-5 at 1150gh and use 600 watts.

A quality  server will be another 100 watts.  so your cost is 700 watts vs 600 watts if you point it to kano/ck's solo pool.


You also need to build a server which I think will be at least 500 usd to build.  Maybe more like  1000 usd.

What if TS already has a notebook with SSD and Gbit ethernet port to run bitcoind on it?  :)

This.  You can mitigate it by having a very well connected bitcoind running and using Matt's relay as well, but why take the added risk on top of an already slim chance you're going to find a block anyway?

However, if you really do want to run something locally, ckpool is very easy to setup and run (assuming you've got a Linux box).

Rabinovitch to bad you were not mining solo  with you finding the block.

Except that the hashes that found the block would not be the same as solo or any other pool :)
The fact he found the block was the work he was given.
Mining somewhere else, he could have found a block sooner than he did or later, but mining elsewhere would not have found him the same block.

True but a guy can dream.. ;) I found my only block 2 years ago on Slush using a USB miner.

Me too! Block #267202

Well that was my first block.. found quite a few since, but you always remember the first :)

Mine was #239418 found on 3/6/2013

Not solo, but my first block was on BTCGuild :)
#140496
[2011-08-11 15:57:17] Accepted f13a0475 GPU 1 thread 1 pool 1
... before I ever touched the cgminer code and long before we added the code to report blocks

That was 2 or 3 weeks after I first heard about bitcoin

Wow that's been a while ago... 50 coin block?

My first block was 337351 that I found on ck's solo pool.

Other block was 339342 found on aTg's solo pool.

Very nice! How much hash you got?

First block was 10 TH/s and the second was 3 TH/s.

Congrats!!!  Makes we want to point my ants at the solo pool and let them rip.  Not like they were earning anything on p2pool anyway :P

Then I remember that the only BTC block I've found was on p2pool with an S1 last year...

EDIT: I actually do have some hash pointed to CK's solo pool... 5 U2 sticks.  No luck so far :)

jonny I keep thinking I will point mine to ck's pool someday soon, but they keep turning a small profit.

Yep :) as I said, back not long after I first found out about bitcoin, so I've actually not been around bitcoin for that long compared to some.
That was a few months after BTC first reached $30 and for the rest of the year it went down down down slowly to $2.
I tried to buy 100BTC at the end of the year when it was around $5 ... but SWIFT and banks and fees screwed that up ... heh funny :)

I think the answers given here are correct, but I felt I should point out that if you mine solo then you don't set up a pool, you can't be a pool if you're alone. All you do is run bit coin core in server mode and point your miners to yourself, but I feel the advantages to using ckpool are worth it and to not use that pool for "solo" mining would be silly for the majority of us.