Indeed, 333,333/50 = 6,666.66 say 6,667 blocks, that block was mined on 2009-03-07, so long before march 2010 there was that much mined already.

The first block that was mined in march of 2010 was block 43085, there was already 2,154,200 BTC in circulation right before march 2010 started.

I don't think you can unless the service you use for rent allows that, but you can judge by hashrate; if it's identical or close, then you are probably doing well,  stale shares are a better indication if you can view that.


They seem legit, I did talk to the founder of that website, and she does seem legit. I did suggest to them to reach out to someone trusted here to do some sort of escrow so that forum members and they can collaborate in block parties. I think CK is a good option (not sure if he's willing to do that but he's trusted by both parties), Willi is a perfect candidate for that (will be hard for them to trust him since they don't know much about the forum)

The idea I had in mind is that there could be some way to share hashrate to one address while payouts are managed by the pool itself. Not to make the suggestion too complicated on the code level, the rewards can then be shared between their main address and bitcointalk address (could be controlled by 3 forum members like Willi, Phill and someone else maybe NFW).

Something like this

BTCaddress.workername (their own)
BTCaddress.workername (bitcointalk address)

Payment is split between those based on hashrate, they do their own distribution, and the forum folks do their own.

I did not say it's make or break, I even explain the risk %, and most importantly -- it is not really an opinion, you are not in disagreement with an opinion but rather various scientific research papers.

With that said, disagreements are good in general, people can read both views and make up their own minds, imagine you just agreed or ignored my post!! where is the fun in that?

enjoy, hope you hit a block on your local node.

Prove what exactly? that your local node has an order of magnitude more chances to lose the orphan race compared to a well-set-up pool node? The studies are there for you to read. The burden of proof is on you now; make your own studies that show how you propagate blocks to mining nodes faster than a well-established pool.

I have literally told you that large pools exchange compact block header data that is a few KBs over gigabit connections, while your node needs to propagate an entire block that could be as large as 4 MB. How exactly do the two of you have the same propagation speed?

In fact, even without any relay services, having geographically distributed nodes alone beats any single home node; you need to have nodes that are very close to other mining nodes. Relying on a P2P network alone to send a block from your house in LA to a miner node in Kazakhstan is bizarre; another miner that finds a block in Australia but has well-geographically distributed nodes will likely reach other nodes inside the U.S. faster than you.

There exist many tools and projects on GitHub for this particular topic; thousands of lines of code are written just to test and improve propagation time, and millions in infrastructure and research are spent to achieve the best propagation results. You can deny all of it -- it doesn't mean it's not real.


As for the above test, it's rather useless ; it doesn't matter if your ping results to all peers are 1 ms. Those nodes could very well be just home nodes far away from the nodes that matter (miners' nodes). Block propagation time is what matters, you need to compare the time your node received a block vs. when another well-established node received it. Use UpdateTip on your node to see the timestamp of when you received a block, and compare that to when a large explorer like mempool first saw that block. Run this against a large sample of blocks to get a somewhat accurate result, and mind you, other pools must have seen that block even earlier than mempool.

With that said, it doesn't mean your node will lose every block; it simply means it's at a higher risk, if we were to assume that other pools have a 10-second advantage in propagation time, you can run a simple Poisson process of :

1-exp(-10/600)  ~= 1.6653%  > chance of a block being found in the next 10 seconds or less, if Foundry finds a block within that timestamp and you both start racing, they will still likely beat you

You may think 1% is low, but it does happen. I haven't even touched on the other potential issues, like your PC or router failing you right about that second. Large corps buy 10k routers not because they want to waste money but because they can't afford the slightest delay or packet loss. While you could have a 100% uptime with your $200 laptop and $30 router, it's just not as guaranteed as the other setup. It's not as bad as some people might explain it, but there indeed exists a higher level of risk when you count on your local node to mine blocks.

This is obviously false. A local node running on a $30 router and $50 internet connection has nothing close to the same network delays as a pool node hosted in a specialized data center. Nodes in well-connected data centers have a much better chance of landing in more favorable peer topologies due to their uptime, reliability, and often higher bandwidth capabilities. Your node talks to a few peers, but the speed at which those peers then distribute your block to their peers and how many connections your node has -- creates a propagation tree. Your local node’s block will propagate slower globally compared to other nodes with single-digit millisecond latency to other mining nodes.

Also, pools use dedicated interconnections and relay networks (like FIBRE or Falcon), plus geographically distributed nodes. For example, FIBRE can announce the block header to peers (a few KBs) even before the full block is propagated. This tells other miners to start mining the next block on top of this one, so all major pools are already mining on top of that new block while your node is still mining on top of the previous block. The time it takes for the slow peer-to-peer network to globally propagate that block to your node is huge (5–15 seconds in some cases even more) compared to the sub-1-second UDP-based relay technology those pools use.

By the way, I encourage you to read studies such as "Effects of a Simple Relay Network on the Bitcoin Network," and I will quote a part of the abstract for you:


You can also read "Bitcoin Blockchain Dynamics: the Selfish-Mine Strategy in the Presence of Propagation Delay."

There exist many studies that show how well-connected pools beat the average home nodes in orphan races. And even without those studies, it’s first-year IT school knowledge that shows the difference between propagating a few KB of data between high-end servers with gigabit-speed internet vs. a $300 laptop connected to a 100 Mbps line trying to propagate a 2–4 MB block.

11kv is meduim voltage not high, and as I said, it is very common to perform live-line work on medium voltage lines, not sure why is that not done in Russia, have you confirmed that? anyway still, even if the electric company does not approve it, people with the right tools can still do it and it isn't as 'hard' as you may think.

السلام عليكم، هل يعرف احدكم طريقة مضمونة لايصال اموال مثل البتكوين او غيرها او مساعدات لغزة؟

نرا الكثير من المنشورات والاعلانات ولكن نخشى ان تكون كلها محاولات نصب بأسم شعب غزة العظيم، لذلك من لذيه تجربة شخصية ارجو ان يشاركها معنا.

You do realize that it's safer to rely on a stable external service than to run your own when it comes to mining? And by safer I am talking about your ability to actually win a block.

People often talk about bitcoin mining as if it's a race, which isn't entirely true. in reality, up to the point of when you find a valid hash, you are not racing against anyone, and your chances of hitting a block are independent from other miners hitting a block; however, once you do hit a block, the race starts. You need to make sure you propagate the block in a fraction of a second, mainly to other miners' nodes to let them know that you have already solved a block and that they need to start working on the next one. Other than that, it's possible that your block will be orphaned by another miner that has better connectivity to other nodes.

Add to it all the technical issues that your infrastructure can run into, like a small delay in downloading new blocks and clearning your mempool, and your getblocktemplate creates an invalid block. It takes a few components working together to ensure that your final constructed block is valid and propagated well and fast. everything must have 99.99% uptime, or else you are adding more risk for potentially no reward. You can't meaningfully have well-set-up mining infrastructure at home where your cat or kid may unplug the router power cable.

With that said, I do encourage everyone to test local mining for fun and educational purposes -- it's interesting to say the least, so good work you did there.

You are going to have to find that in your node's data. I don't think anyone is going to run that. also, reached vs recorded are two different things, recorded will be on the blockchain, reached may have happened outside of the blockchain, like an orphan block, most importantly, none of that matters, exact diff or a fraction higher earns you the same block reward as having a 10000x higher diff share so none of that matters.

With all things being equal, the higher your hashrate, the higher the diff shares you get. 609M being your highest means your miner is small (which you did mention anyway), I just checked mine and it's 7T ( a single M30 on solo mode), while 7T is a freaking large share, sadly, it wasn't enough for a block.

With that said, your power rate is tempting, 2c/kWh is pretty low; however, I assume this is limited for home use? i.e, you can't host 50 or 100 miners, I'd assume.

Let me know what machines you are looking for, plus your city/state. If you are looking for a large quantity, I can help you source them at a good price. many people here would vouch for me. Unfortunately, I don't do small orders, though.

What else would they have connected to? It's not like they had an option; you need to connect to a medium-voltage distribution line, which is 10KV in Russia (11KV in many other countries like mine). you connect a step-down transformer from 10 kV to 400/230V or 380/220 V straight to your miner or home, and by the way, it's very common to connect and maintain medium-voltage lines while energized -- it's called live-line work, they could just pay someone at the grid company and he would set them up in no time, or buy the correct gear to do it them selves.

It's also possible that they found another transformer connection nearby and used insulated hot sticks to pull the fuses and safely connected below the fuse ( this doesn't require much experience, I have personally tried it under the supervision of grid guys, but that stick was too iffing heavy maybe 6-8kg and about 12m long when extended, the pros make it seem like they holding a pen).

With that said, none of the above is safe, not even for the professionals, but these people are risking years in jail -- they probably don't care much about anything else.

I think qm stands for "quadratmeter" aka square meter, which IIRC is a German thing, so I guess he is somewhere in Germany unless he meant to type sqm. Obviously, your logic still applies regardless. Anything beyond a tiny USB miner is going to be spotted by the landlord and what happens next is up to the laws of where he lives. Most importantly, a 50m2 apartment is terribly small -- no mod of any kind is going to let you sleep with an S19 in the same place.

Wow, that's an outright scam. .

Anyway, you missed a very important piece of info, which is how much power you got sitting on the sidelines? Let's just drop a random example of 3KW for 4 hours a day, or a total of 12kWh, you could sell that to the grid and make roughly $1 a day with no added investment or risk.

If you buy a 3KW gear instead and say it's an M60 170th costs roughly $2000 (not sure about tax and so on in your country) it makes 9$ / day or $1.5 every 4 hours, but then you already lose that $1 of selling the surplus, so in reality, you only end up making 0.5$ a day for $2000 investment that's a terribe one.

The 4 hours, the M60, and even the current profitability are all RANDOM. You may plot other numbers as you wish --  the logic stays the same; mining is not for you.

A reminder to everyone: Franky is a paid scumbag with no morals who thinks it’s okay to kill children just because they are not white Europeans. Do not feed the troll -- put him on your ignore list.

If they share the link with more than 1 person -- it becomes public.

With that said, I totally agree with you. 2.5% is a bit too much, surely. We don't know how much it costs them to operate and maintain the exchange, but I hope they can drop the fees on BTC to at least 1.5%.

Where are these people now? 20K era, 5K, or a quarter of a bitcoin for an S17? Not a single S17 on planet earth made that much back, let alone profit. If you don't understand something too well -- don't give out advice to other people. The people that made the most profit were those who bought the coin at 20k, the majority of miners ended up losing BTC or the chance of buying it at a cheaper level. The same thing will apply in the future -- you invest 20k in gear now instead of buying 0.16 BTC, your gear will never make that 0.16 BTC, and then in 3-4 years time when BTC trades at 500k -- you will look back and regret not buying the 0.16 BTC which would be worth nearly 100k.

When you are mining solo, fees should be the least of your concern; you have a slim to nothing chance of hitting a block, so worrying about 1% less fee is insane. I'd rather pay 10% to CK or Kano knowing these two won't rip me off, than risk mining to a pool with 0% fee which has not proven that

1- It would pay out (this includes ViaBTC too, by the way)
2- It has been able to actually hit blocks in the past (it could be a buggy pool which loses blocks)

You need to post the entire kernel log, not just a screenshot. Use a website like JustPaste.it if you are limited by the forum given your rank.

However, high CRC errors more often than not mean you have at least one bad hashboard on that miner -- the rest of the kernel log would give you more info on which hashboard that could be causing this. Otherwise, you can just unplug one hashboard at a time and see if that makes any difference.

I would agree with Loyce, you are getting scammed again. I don't get it. If you understand nothing about BTC, why use it to send and receive payments? It would have taken you less than an hour to educate yourself about the things that matter to get you going, but no, you jumped straight in and lost money.

Also, this topic shouldn't be in this section of the forum; you are dealing with a scam attempt -- nothing technical about your case.

cloud mining and hosted mining are legit business ideas, they just happen to be abused by scammers and now at least the vast majority of them are scammers. With that said, you metioned coders/developers in you post and that is irrelevant,  those people don't give you any advantage as far as mining is concerned, also, who finds the next block is also irrelevant -- mining is a competitive business but not in the way that most people understand.