Hi bobafett,

Are you using the pocminer in the OP? I too am trying to run solo but I have had memory problems with the java miner (out of memory for the java heap space). Are you running one instance of the miner per harddrive or do you have another setup that works better? i'd be glad to know if you would like to share a bit about your setup!

Hey all,

I was thinking about changing to solo mining for a while to see if there is an improvement or not compared to mining on a pool.
I am currently using Urays miner on his US pool.

I thought is was possible to solo mine using this miner, but I am uncertain of how to proceed. Obviously I need to change the http://127.0.0.1:8125/rewardassignment.html to my address. But can I just point the miner to localhost and start mining or are further steps required?

Do any of you users use Urays miner for solo mining and have a working config-file that you would be willing to share?

Should I perhaps use another miner that is better for solo mining, any suggestions?

hey Elambert,

I am fluent in English and Swedish. If you need a Swedish translation let me know if a translation is required. My time is very limited, but I can see about squeezing in some translation time to help out the CGB project.

I have been mining BURST for a while and I have never had payouts that match the calculated prediction in the calculator. My belief is that your earnings are OK, so there are no problems with NFS or so. My own earnings are in the 50% range of what the calculator predicts.

@crowetic
Ouch, sounds bad. Hope that you get the problem solved and your server back up and running again.

You probably don't need them to be connected to one physical PC. Instead, have them plotted in a way that they do not overlap, and have them all using your same BURST-address.

I currently have to boxes mining to the same account, so I cannot see why you couldn't have each machine mining with it's hard drive instead. Of course, the drawback is that you would have multiple boxes and higher electrical costs by doing so.

Another option would be stripping out the drives and connecting as many as possible to your motherboard and/or via USB3 hubs to one or more computers.

I saw that I was credited this morning, so it looks like GAW is getting the service payments under control and are reimbursing those who have had too high service costs.

There are some individuals who tried to get away with some BTC due to a flaw/bug with getting more hashing power then they where entitled to. They then dumped the miners on the internal market to cash out. Can't say if that was related to the DDOS attempt on the mining control panel, but the mining was unaffected.

Couldn't help thinking that's like saying "YAY, CGB - The coin that wasn't part of MtGox!!11oneone"

Maybe you would like to look into http://storj.io and http://driveshare.org/
The payouts are not extreme by any means, but still, you can make some BTC by renting our disk space.

I have not tried storj.io, I just heard about them on some podcasts.

Interesting post twentyseventy, nice with the pictures!
Glad that you got your asic. I stopped ordering hardware after a couple of incidents with BFL... I run only cloud-miners now.

Is the unit up-gradable? There looks like you have room for more chips, or perhaps the unit cannot be rebuilt into a 256 asic?

Looking great Elambert, really slick logo/splashscreen!
I'll be eager to try the new client both on osx and win64 and give feedback on how it works.
As always, great work!

I have been reinvesting my payouts into more cloud based mining and have nearly doubled my mining payouts in 2 months. You will definitely help your investment by reinvesting to reduce the effects of a difficulty increase, but than again, who knows what the scrypt scene will look like in 3-6-12 months. More and more manufactures will be pumping out scrypt asics, so investments today might be harder to evaluate as the scrypt hashrate is rapidly growing.

My own general rule is that if I can't make a ROI in about 3 months time, then I will not make the investment. The reason is that the equipment that is released in a handful months time will really outperform whatever I purchase today. Often price/hash is much more competitive for newer equipment. I do not know if there are any good profitability calculators for scrypt hardware, but by laying down a lot of cash now, you are betting on that the hardware will have a higher payback now and that by reinvesting most of the payouts will keep you floating. I reckon that this assumption would be true, but the whole difficulty problem makes the equation uncertain.

I'm just a small time miner doing this for the fun and experience. I have not been too active on the exchanges so I couldn't give you any advice for more advances buying&selling.

That's a big investment. Have you looked into mining other scrypt based coins rather than just plain LTC?
Check http://poolpicker.eu/graph?algo=scrypt and you may see that mining on a scrypt multipool will probably be more profitable than just mining LTC directly.

Also, maybe you would like to reconsider your purchases regarding pre-orders. In general most miners are late on arrival and that can have a serious impact on your ROI. Just checking the difficulty for LTC shows around a 240% increase for the past 3 months.

Sure I'll take it. Put it out on the market and I'll take it off your hands

There are no guarantees in crypto
That said, the payouts for the Zenpool have pretty much been in the 0.0006 BTC/MH range as far as I can recall.

Note that this is the output before maintenance/power fees. These are 8 cents/MH, but with the very low price on BTC, the service costs are substantial and are currently in the range of 1/4 of the profits.

Copy&paste for the current payouts. Values are for BTC/MHps for scrypt and BTC/GHps for SHA256

Scrypt Average Payouts
Name   Average Payout
LTC Pool   0.00060102 BTC
ZenPool   0.00060102 BTC
MultiHashlet   0.00047585 BTC
CleverHashlet   0.00038900 BTC
WaffleHashlet   0.00038180 BTC
HashletBit   0.00031000 BTC

BTC Average Payouts
Name   Average Payout
GenesisGuild   0.00001451 BTC
GenesisHash   0.00001451 BTC
GenesisMulti   0.00001272 BTC

Nice pieces Irontiga, well done!

Sorry to hear all the troubles with hardware not showing up and other companies ditching their customers.
I got burned with obsolete hardware from BFL, something like a $3000 doorstop by the time the junk finally arrived. Never ever make pre-orders, they are just bad for your health and personal well being!

So he made a video showing how to get an account on GHASH.io or some other cloudbased mining source?
I'm thinking that the audience here might not be the intended target group for such a "tutorial".

They are putting put more features for the Hashlet Primes, double-dipping mining (mining on two pools at the same time), 2x hashing boosts, and they will soon be able to mine between scrypt and/or sha256.

That being said, if you just look at hashing per spent $, I would recommend buying ZENhashlets and mining on the ZENpool. There are plans to "upgrading" the hashlets with extra features later on, but for now I am trying to get more hashing on the zenpool.

The reason why I am not recommending the primes at this point is that I believe the ROI to be longer than just getting regular ZENhashlets.