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Author Topic: Solo Mining(LTC, Monero)?  (Read 108 times)
pishite (OP)
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September 12, 2021, 05:09:53 PM
 #1

I apologize in advance for my English.
I have a mini PC Raspberry pi 3b, on which I want to try solo mining, the same litecoin. I understand, of course, that this is a risky business that may not bring any income at all, but still I have it lying idle and I would like to try this opportunity, is it possible to mine coins through a mini PC.
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September 12, 2021, 05:17:46 PM
 #2

Iis it possible to mine coins through a mini PC.
You think you can be lucky and solve the PoW algorithm that will make earn litecoin mining reward, all I know is that this would be nearly impossible, this will only result to a waste of time without being able to even earn just a single mining reward. Get yourself a power ASIC if you know you want to mine litecoin. Mining solo can not bring you return if you are not using multi-million dollars to setup a mining farm, just join a mining pool.

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pishite (OP)
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September 12, 2021, 05:24:20 PM
 #3

Iis it possible to mine coins through a mini PC.
You think you can be lucky and solve the PoW algorithm that will make earn litecoin mining reward, all I know is that this would be nearly impossible, this will only result to a waste of time without being able to even earn just a single mining reward. Get yourself a power ASIC if you know you want to mine litecoin. Mining solo can not bring you return if you are not using multi-million dollars to setup a mining farm, just join a mining pool.

I understand that I may not earn anything at all, but the mini PC is lying and gathering dust, I want to at least try to do it.
RickDeckard
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September 12, 2021, 05:24:41 PM
Last edit: September 12, 2021, 05:55:36 PM by RickDeckard
Merited by BlackHatCoiner (1), pishite (1)
 #4

To add more even more support for Charles-Tim answer, I actually found an article[1] - February 2021 - from someone who decided to test what would be the results that he would get by mining Monero on his Raspberry Pi (I think he used the 4). I'll jump to the part that I'm sure you're most interested in:
Quote
My Raspberry Pi 4 calculated 357 good shares in about 8 hours of run time. Miners are rewarded for good shares. Bad Shares are calculations where I came up with the right answer, but my Pi produced the results slower than another computer. Miners only get paid when they submit the correct answer first. Invalid shares are the worst as a miner is penalized for every invalid share due to possible fraudulent activity. I was a bit worried when my first 4 shares were marked as invalid shares.

357 good shares = 0.000001410642 Monero = 0.00015569 USD

I made the equivalent of 1/100th of a penny in 8 hours.

In order to withdraw my Monero, I needed a minimum of 0.05 Monero, approximately equal to $5.811 USD. (Exchange rate at the time of the writing of this article.) At a pace of accumulating 0.000001410642 Monero per 8 hours, it would take me 3,762 years to reach the minimum withdrawal threshold of 0.05 Monero.
From my point of view you'll be better by using your Raspberry Pi for other ends, such as Pi-hole[2] for example ...

[1]https://www.tomshardware.com/uk/how-to/mine-cryptocurrency-raspberry-pi
[2]https://pi-hole.net/

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JayDDee
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September 12, 2021, 08:50:15 PM
Merited by nc50lc (2)
 #5

To add more even more support for Charles-Tim answer, I actually found an article[1] - February 2021 - from someone who decided to test what would be the results that he would get by mining Monero on his Raspberry Pi (I think he used the 4). I'll jump to the part that I'm sure you're most interested in:
Quote
My Raspberry Pi 4 calculated 357 good shares in about 8 hours of run time. Miners are rewarded for good shares. Bad Shares are calculations where I came up with the right answer, but my Pi produced the results slower than another computer. Miners only get paid when they submit the correct answer first. Invalid shares are the worst as a miner is penalized for every invalid share due to possible fraudulent activity. I was a bit worried when my first 4 shares were marked as invalid shares.

357 good shares = 0.000001410642 Monero = 0.00015569 USD

I made the equivalent of 1/100th of a penny in 8 hours.

In order to withdraw my Monero, I needed a minimum of 0.05 Monero, approximately equal to $5.811 USD. (Exchange rate at the time of the writing of this article.) At a pace of accumulating 0.000001410642 Monero per 8 hours, it would take me 3,762 years to reach the minimum withdrawal threshold of 0.05 Monero.
From my point of view you'll be better by using your Raspberry Pi for other ends, such as Pi-hole[2] for example ...

[1]https://www.tomshardware.com/uk/how-to/mine-cryptocurrency-raspberry-pi
[2]https://pi-hole.net/

Some technical insight to this arcticle. What the author is referring to as "bad shares" are actually stale shares.
It takes so long just to calculate 1 hash that the job can go stale before you finish, If that hash passes the difficulty
test the miner will submit it but it's too late.

The stratum errors were caused by the server timing out waiting for a share to be submitted. Normally a miner
should submit between 5 & 10 shares per minute. The stratum server times out after 5 minutes with no shares
submitted. Setting a lower difficulty can help but most pools use vardiff and will adjust the difficulty automatically,
within certain limits. If you can't lower the difficulty enough to submit shares regularly without stratum timeouts
then it's a complete waste of time, as the author concluded.

adaseb
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September 12, 2021, 11:59:48 PM
 #6

Before I clicked the thread I assumed someone had a basement full of LTC miners or a few server racks of Ryzen processors. Then when I clicked the link and saw that they wanted to solo mine with a Raspberry Pi, at first I decided to check the date if it was perhaps a thread from 2014 but it was indeed current.

I had a few ancient miners like the S3 which are undervolted and underclocked and are near silent and I can easy run then next to my bed but even something using 300Watts it’s a complete waste of time. The raspberry pie uses what? Maybe 1 watts at most?

OP, it’s a waste of time. I don’t even think you would find a min difficulty share and probably never enough to make the min pool withdraw.
fmz89
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September 13, 2021, 01:47:02 AM
 #7

I apologize in advance for my English.
I have a mini PC Raspberry pi 3b, on which I want to try solo mining, the same litecoin. I understand, of course, that this is a risky business that may not bring any income at all, but still I have it lying idle and I would like to try this opportunity, is it possible to mine coins through a mini PC.
Raspberry pi3 mine asic coin lol,  raspberry yeah is strong build quality, i used that more than 7 years for controlling power my rigs, i dont think you can lucky got some rewards in your lifetime mining, good for experiments then

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