isn't this CKs first orphaned block?

Jacob

I transferred a couple of small transactions (around £30 of BTC) into my betarigs wallet but it is not showing, I submitted a ticket yesterday evening, no response yet! Almost like my coins went into ether the wallet address also keeps changing in my betarigs area!

What is up with their system?

Jacob

where are you looking to mine? I am in a flat that doesn't have a spare room so I stuck with a bunch of S3s and smaller miners as they are quieter than the S5 and S7 models from my research. Don't want a mini jet engine if you don't have the space for it! Good luck to you!

The s7 is currently the best in terms of power, the similar spondoolies machines with similar hashrates use insane amounts of power compared to the s7.

Jacob

when I hit I will donate 1 BTC to this guy if a solution hasn't been found for him, I will also donate 0.5BTC to CK as well to contribute to the solo pool. I feel though that nicehash being a big player could have afforded giving this guy something more than what he paid as a gesture of goodwill. Even if not the 25BTC. But what 'random' address was this? How did a random address generated just so happened to be a valid one? Or was it generated then, but no corresponding private key exists? Has there been any activity from this wallet in past or present? A check of the blockchain could find this out? Like if its a wallet someone already has or if it was generated then with no private key to match? I am not saying this is a conspiracy of any kind on the part of nicehash but I always like to know the full, and both sides of a story! To be fair out of all solo type pools I think CKs is the only one I will mine on. I trust it more than my own node in terms of its latency too.


Jacob

I think he's confused me with fredi.

In response to the other post I turn on the cpu miner when I'm out in low temperatures only haha quite a way to warm you up I don't run it much though I'd rather not stress it if one wants to cpu mine a block erupted is better

I am mining with an antminer at this pool ant a U3 and have bought a few more antminers to point at it I was going to ask,  I use the CPU miner on my laptop when I am out in the cold and fancy warming up my lap a bit, would LOL if it finds a  block but I use it as a lap heater : )

Jacob

I was watching that blocksolve last night, I am pointing an S3 and a U3 at ckpool, when I hit it will be awesome! I will do a small donation to ck when it hits : )

Jacob

I have started mining BCN via minergate as me and a load of friends have pooled our spare CPU and unused GPU recourses to mine it while our systems are idle and I persuaded a few others to mine it with a low intensity. It is generating about 15,000 BCN a day with our current set up and we have a few others willing to chip spare recourses in, just leaving minergate running for us in the background on a low setting.

Where is the best place to sell these once I reach say, 1 million BCN for BTC?

Jacob

I am selling a ps3 boxed it was bought in France but never got round to setting it up. I am selling it for 1 BTC or 150 via PayPal I am based in Lincolnshire UK so If you are near by I would be willing to let someone view the item before buying it it's sealed and never been opened. It is the last of us bundle.

If any one is interested let me know! I will only ship to UK addresses and will only ship insured.

As I'm relatively new here I don't mind someone using an escrow service but can the more experienced explain to me how this works in detail? I know it holds their coins in escrow until they get their item but what is the procedure?

Jacob

If anyone is interested let me know I found I never had a use for it as I have a 60gb one. The price of 1 BTC is about the same as these new so thought it would be a good start. If you wish to view it you can pay in cash also. This can help me start getting bitcoins:) as it's French it will need a UK figure of 8 plug or adapter but it's still 220 to 240v

Jacob

I have already decided to put my antminer U3 on for lottery mining, have named it blocky incase he finds me a block!... 63GH/s... I am interested in mining in a pool as well with a bigger rig as well... Would I be better off waiting for a later miner? I seem to find the antminer s7 is very high priced given the difficulty level keeps rising. I want to do it mainly for fun but also I do want to minimize losses if possible. Either getting a later rig or use that moment to cash in on the price drop of the s7?


What do you guys recommend? hang fire and wait? or go for it?

Jacob

I have tried mining with my own node but it doesn't recognose its running as a server even though i created the CONF file the mining program (BFGminer) can't find it at 127.0.0.1:Portnumber i will use CKpool for now until i get this setup working.

Jacob

Hi guys... I posted a post asking for some advice and got some helpful advice. We got 3 antminer U3s for free from a guy at my uni. So while most of us are interesting in buying over mining bitcoins, we have decided to set them up to solomine, seem to read ckpool is good? Basically better than playing the lottery every month, at 63 GH/S the probability of 'winning' is small but i dont see it easy to do a ROI with high end equipment, and to mine solo with that i dont see as good, one could wait 60 years and never find a block, or mine for 1 second and get a block.... So i decided to do this... Given its power draw is minimal i feel for solo mining thats the best way to put low powered equipment... would kill to put it in a pool and then have IT find the block and get little payout!

So it COULD find a block... or it could not... But to tuck it away in the corner connected to my server, i might as well! Is ckpool or securepayment.cc any good for this task? i confused the two and found ckpool DID pay out for the other guy using an S3 to solo mine.

Jacob

Tbf doing the research I agree on the  buying coins. However, that we are going to do. I am also going to accept bitcoin for payments for services as I have a small business and we were able to get 3 of the lowly 63GH/s miners for free from someone in my uni as one of my friends has solar panels and will split the reward between us if we get a block by a miracle we are using the securepayment.cc one as that seems to be good from what ive read here, we will point it to my wallet, leave them to run and... well ya never know! solo mining is the way to go with these as any payout from a pool will be next to noting and it means were 'in it to win it' at (almost) 0 cost. Yes i know the chance is very very low, but like the lottery you gotta be in it to win it and 63 watts of consumption isn't going to matter in the long run for us. As far as mining equipment goes we do feel investing in coins will be better, especially before the halving. The antminer U3 is the one we were give... so we will hook em up and just let it sit... the chances of finding a block are so titchy but  still it was free and 63W is nothing

Jacob

Our intentions are more for fun really, a learning curve and maybe with the potential of making some money but i treat it the same as if i were to gamble on the lottery.


The difficulty is a problem... I can see new hardware becoming obsolete fast... I remember in 2011 thinking bitcoin would never catch on... in the days of CPU mining... :/

We have checked the calculators as well. I might see if anyone here has any equipment available as well.

Jacob

Hi guys. I am kinda new to actually mining cryptocurrency but have spent a few months researching it.

Me and about 15 others are willing to pool resources on this as a hobby, but also have £1.5k we can invest in equipment if we wished to take it further. Although investing in actual coins seems an idea too. The be fair due to our climate in the winter i wouldn't mind setting up a mining rig and setting it so the exhaust fans help contribute to the house heat : ) 1.2kW of power for some of the 4.8 TH/S rigs i saw is sure to chuck out a large amount of heat! So using it for dual-purpose depending on how much heat one actually chucks out, almost like a makeshift fan heater. Users of these would know about the heat output you would expect from one of those highly expensive but high powered rigs! Or in my case my landlord usually plugs a fan heater into the communal hall (this house is converted into 4 seperate complete flats with their own living rooms, bedroom bathroom and kitchen) and there is a hall with a socket that he usually uses a fan heater for in the winter, i would consider asking him if we could substitute it for that if it still does the same task!

Now mining bitcoin seems like even with the best mining hardware of a few Th/s we could struggle to make a profit, although we were debating to set up our own pool if we got dedicated hardware. However ONE of us has solar panels which is a 3kW array, so in the day there is no charge as they only use about 1kW in the day. At night we in the UK have a tariff called economy 7, which is off-peak electricity at 0.07 pence per kWh. This is very reasonable and combined with the solar panels means a mining rig could be run for the cheap however it does mean he would get a bit less off national grid : ) (you sell your unused electricity back to the grid) one of us also has free electricity as he is in supported accommodation.


Now we have also looked at mining altcoins such as bytecoin and distributing our resources so it runs in the background on all of our computers, which are of varying specification. Minergate seemed to have a good distributed pool and we guessed we can use multiple computers on one account to pool mining resources for this or setting a command line miner to start up automatically and be on the same pool account as a different worker. Then sell the bytecoins for bitcoins when we reach say 5 million. Most of us have half decent GPUs as they like to keep current! CPUs for all of us minus my desktop is at least an i5 / i7. My best GPU though is a nvidia GTX 970M as my laptop is a gaming one but my desktop PC has a nvidia geforce 9500 as its aging a bit (core quad) which I use as a file server and webserver I didn't want to spend out on hardware i didn't need in terms of computers although this is due an upgrade soon. I understand mining with the CPU or even GPU is pointless for bitcoin, or litecoin for that matter so we were looking at mining bytecoin (BCN not BTE) and selling it for bitcoin when we have got enough of it. Maybe buying a few litecoins and bitcoins here and there to see where it takes us! Or if mining bitcoin with dedicated hardware could be profitable, we might consider that too. Although id see any money spent on the hardware as a form of gambling at this point so we wouldnt spend what we cannot afford to loose. I don't see this as a 'get rick quick' scheme, we are just enthusiasts and are quite interested in this.

I am also interested in getting something like this if we do equipment : Bitmain ANTMINER U3 BITCOIN ASIC MINER 63 GH/s as a starter point with equipment to test how it works, etc before going onto bigger babies. I also read someone found a block solomining with something similar, and as electricity is free for one of us, its worth leaving one of those running indefinitely anyhow to play the lottery. if anyone has one of these they are willing to sell in the UK i would be happy to look. The ebay prices are high if you compare it to the better mining rigs out there.

If there are any recommendations it would be great to hear any recommendations for hardware, software or any advice that can be given. Also 1 more thing, if one wanted to solo mine, is this site: securepayment.cc genuine?

Thank you in advance!

Jacob