There seem to be quite a few newcomers to solo mining thanks to the recent spate of blocks found here, who don't quite understand some things so I'll try to make it clear:
Solo mining is gambling.
Unless you personally own at least 700PH with some kind of depreciation/deprecation plan, the vast majority of miners will lose money mining solo. (This estimate of required hashrate will go up as bitcoin difficulty rises.)
Renting hash long term and mining solo will never make a profit, as the rented hashes will end up costing you more than any rewards you make.
700 PH on nicehash roughly costs $52,500 per day how much does it cost on average for miners? No idea, and wildly variable depending on access, infrastructure, and electricity costs. They also have a depreciation plan for selling them off when the next generation of more efficient mining hardware comes around and invest in that. |
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Using the cost of a cup of coffee in your hand and the 24-hour lottery draw, waking up one day and suddenly becoming a rich life is also a good story (only if the cost of the cup will increase in the future and the computing power T value will really decrease over time)  There's a huge difference between running a cheap lottery year round, versus dumping $50K daily in the hope of poor double or nothing odds. |
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There seem to be quite a few newcomers to solo mining thanks to the recent spate of blocks found here, who don't quite understand some things so I'll try to make it clear:
Solo mining is gambling.
Unless you personally own at least 700PH with some kind of depreciation/deprecation plan, the vast majority of miners will lose money mining solo. (This estimate of required hashrate will go up as bitcoin difficulty rises.)
Renting hash long term and mining solo will never make a profit, as the rented hashes will end up costing you more than any rewards you make.
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to mine through nicehash using this solo pool what level of nicehash kyc needed 2 or 3? do we need the latest tier that contains ( - EasyMining reward claim (Catch the Block)) or this doesn't refer to withdraw this solo mining profits?
this solo pool sends the profits to my own personal wallet or will send it to nicehash if I use nicehash mining power?
You don't need to KYC yourself, I have not tried super large amounts but I guess at some point if you go too big you are going to have to go through a KYC of some sort, other than that, you should be good to go. This pool will send the payout to whichever BTC address you set in the worker field when entering your pool details on nicehash, nothing goes to your nicehash wallet. can someone post a filled screenshot of " Add new pool " on nicehash settings
stratum+tcp://solo.ckpool.org
Don't type the whole URL, this is what's giving you the error, Nicehash already has the initial part of "stratum+tcp://", all you need is there's one error is it fine? Pool host solo.ckpool.org resolved to IP 51.81.56.15... OK Connecting to Stratum proxy for region: EUROPE... OK Selected mining algorithm: SHA256AsicBoost... OK Sending mining subscribe request... OK Sending login information... OK Unknown message... ErrorPool host solo.ckpool.org Pool port 443 Pool user ****** Pool pass x Algorithm SHA256AsicBoost Port should be 4334 |
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If bestever will retain the best value, then when each miner pulls from a small computing power to a large computing power, and hits the bestshare of the block to return to 0 and restarts, Then everyone will draw lots from the best interval, or return all to 0, I don’t quite understand the meaning and definition of the so-called best number  It's just a number, and totally meaningless apart from for your own interest, and has no effect on your chance of finding a subsequent block whatsoever. |
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And congratulations again to the same miner for solving the 273rd block with a very lucky number of hashes. [2023-03-28 09:00:56.381] Possible block solve diff 122446726574334.437500 !
[2023-03-28 09:00:56.460] BLOCK ACCEPTED!
[2023-03-28 09:00:56.463] Solved and confirmed block 782867 by bc1q97xwgr64c9hykuu99ur3qva9k37f776fx76yl8.n2
[2023-03-28 09:00:56.463] User bc1q97xwgr64c9hykuu99ur3qva9k37f776fx76yl8:{"hashrate1m": "751P", "hashrate5m": "665P", "hashrate1hr": "749P", "hashrate1d": "552P", "hashrate7d": "163P"}
[2023-03-28 09:00:56.463] Worker bc1q97xwgr64c9hykuu99ur3qva9k37f776fx76yl8.n2:{"hashrate1m": "751P", "hashrate5m": "665P", "hashrate1hr": "749P", "hashrate1d": "546P", "hashrate7d": "152P"}
[2023-03-28 09:00:56.514] Block solved after 2521484426673 shares at 5.4% diff
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He is Hunting for another one.Do we have a chances to hit a block with like 70th power if he will be running all the time with bear to 1E power?
His hashing has absolutely no effect on your chances of finding a block. |
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They've solved this block after hashing just over half the average hashes required to solve a block so they've been lucky, otherwise it would have been a very expensive venture had they not solved one.
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Congratulations to our heavy hitting miner for solving the 272nd solo block at solo.ckpool.org [2023-03-28 05:44:02.192] Possible block solve diff 47356457771271.906250 !
[2023-03-28 05:44:02.268] BLOCK ACCEPTED!
[2023-03-28 05:44:02.272] Solved and confirmed block 782845 by bc1q97xwgr64c9hykuu99ur3qva9k37f776fx76yl8.n2
[2023-03-28 05:44:02.272] User bc1q97xwgr64c9hykuu99ur3qva9k37f776fx76yl8:{"hashrate1m": "1.01E", "hashrate5m": "978P", "hashrate1hr": "854P", "hashrate1d": "504P", "hashrate7d": "148P"}
[2023-03-28 05:44:02.272] Worker bc1q97xwgr64c9hykuu99ur3qva9k37f776fx76yl8.n2:{"hashrate1m": "1.01E", "hashrate5m": "978P", "hashrate1hr": "854P", "hashrate1d": "497P", "hashrate7d": "137P"}
[2023-03-28 05:44:02.319] Block solved after 41109244715384 shares at 87.8% diff
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Theres some serious power running right now  "hashrate1m": "818P" Someone really wants a block... |
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0.5EH on the pool at the moment. Been a long time since I've seen that much hashrate dumped here, though I doubt it will last long. I wonder if it's a failover of a massive farm from some other pool.
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Hi -ck, only a small question, can you post the stats from our Blockfound as well. Best regards from Germany Willi Hi Willi. Yes I was meaning to but wasn't where I could access the console securely when the block was found. [2023-03-12 21:35:12.868] Possible block solve diff 100571298452432.906250 !
[2023-03-12 21:35:12.941] BLOCK ACCEPTED!
[2023-03-12 21:35:12.942] Solved and confirmed block 780525 by bc1q8xs6ehy98se88k6nk0axlahnkwyytua0wa8umu
[2023-03-12 21:35:12.942] User bc1q8xs6ehy98se88k6nk0axlahnkwyytua0wa8umu:{"hashrate1m": "18.4P", "hashrate5m": "17.7P", "hashrate1hr": "16P", "hashrate1d": "3.15P", "hashrate7d": "492T"}
[2023-03-12 21:35:12.942] Worker bc1q8xs6ehy98se88k6nk0axlahnkwyytua0wa8umu:{"hashrate1m": "18.4P", "hashrate5m": "17.7P", "hashrate1hr": "16P", "hashrate1d": "3.15P", "hashrate7d": "492T"}
[2023-03-12 21:35:12.992] Block solved after 1973798317311 shares at 4.5% diff
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May I ask if everyone's share and operation probability are the same, what will happen if the best value continues to return to 0 after many large-scale instantaneous operations enter?
0.0?
Absolutely nothing to your chances of finding a block. |
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Good afternoon. Thanks to the creator of this solo pool. Yes, indeed, it is a great luck to catch a block with such a hashrate. I was mining on a pool with my equipment with a capacity of 270 ths, but on March 9 I rented power on nicehash with a volume of 5 phs. And in less than a day, luck smiled on me) p.s. Greetings from Mother Russia)
You're welcome, and congratulations! |
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Congratulations to miner 39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW who is currently mining with 6.7PH but who hasn't been mining that long. [2023-03-10 07:52:16.047] Possible block solve diff 52776996321572.320312 !
[2023-03-10 07:52:16.130] BLOCK ACCEPTED!
[2023-03-10 07:52:16.134] Solved and confirmed block 780112 by 39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW
[2023-03-10 07:52:16.134] User 39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW:{"hashrate1m": "6.67P", "hashrate5m": "5.95P", "hashrate1hr": "5.47P", "hashrate1d": "2.38P", "hashrate7d": "542T"}
[2023-03-10 07:52:16.134] Worker 39nDQ9BexEBXpRdkHY1z95CaMDEwh6muPW:{"hashrate1m": "6.67P", "hashrate5m": "5.95P", "hashrate1hr": "5.47P", "hashrate1d": "2.38P", "hashrate7d": "542T"}
[2023-03-10 07:52:16.181] Block solved after 9160686932609 shares at 21.3% diff
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congrats miner, fantastic! has anyone noticed how there's more and more solo miners finding blocks nowadays? maybe it's just me or maybe there's more home miners out there nowadays The statistics show we're still finding blocks about an average pace based on total hashes. They're just getting more publicity now. |
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Congratulations to miner 14MooZUhqu3gXPDGC4aUh3AQFKDs3SZ1MW with approximately 733TH [2023-02-23 10:34:51.858] Possible block solve diff 63795555612296.203125 ! [2023-02-23 10:34:51.933] BLOCK ACCEPTED! [2023-02-23 10:34:51.939] Solved and confirmed block 777942 by 14MooZUhqu3gXPDGC4aUh3AQFKDs3SZ1MW [2023-02-23 10:34:51.939] User 14MooZUhqu3gXPDGC4aUh3AQFKDs3SZ1MW:{"hashrate1m": "762T", "hashrate5m": "733T", "hashrate1hr": "733T", "hashrate1d": "585T", "hashrate7d": "149T"} [2023-02-23 10:34:51.939] Worker 14MooZUhqu3gXPDGC4aUh3AQFKDs3SZ1MW:{"hashrate1m": "762T", "hashrate5m": "733T", "hashrate1hr": "733T", "hashrate1d": "585T", "hashrate7d": "149T"} [2023-02-23 10:34:51.986] Block solved after 18302096290838 shares at 46.7% diff https://explorer.btc.com/btc/block/777942 |
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