Bitcoin Forum
June 19, 2024, 12:35:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How can I solo mine Bitcoin?  (Read 616 times)
tinus42 (OP)
Hero Member
*****
Offline Offline

Activity: 784
Merit: 501



View Profile
June 08, 2013, 09:30:56 PM
 #1

I want to solo mine Bitcoin to help strengthen the network. Not for gaining coins as my computer is quite old and lacks a compatible GPU. I don't care, I want to help Bitcoin.

My computer is powered on more than 12 hours per day, a lot of the time it does nothing but still uses power, the additional electricity usage is nothing. I read that mining through a pool doesn't help strengthening the network but solo mining does. So how can I solo mine?
J35st3r
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
June 08, 2013, 09:41:44 PM
 #2

What? You're proposing solo CPU mining to strengthen the network? You'll never mine a block (for all reasonable values of never this side of the extinction of mankind). And if you don't mine a block, you've done nothing for the network. I guess you could strengthen the network to some extent by running bitcoind or bitcoin-qt, but solo mining? No.

[Edit] Maybe that's a little harsh. By solo mining you'll be running bitcoind anyway (no other way), but save the electric and leave out the mining.

1Jest66T6Jw1gSVpvYpYLXR6qgnch6QYU1 NumberOfTheBeast ... go on, give it a try Grin
ghostlander
Legendary
*
Offline Offline

Activity: 1239
Merit: 1020


No surrender, no retreat, no regret.


View Profile WWW
June 08, 2013, 09:43:30 PM
 #3

I want to solo mine Bitcoin to help strengthen the network. Not for gaining coins as my computer is quite old and lacks a compatible GPU. I don't care, I want to help Bitcoin.

My computer is powered on more than 12 hours per day, a lot of the time it does nothing but still uses power, the additional electricity usage is nothing. I read that mining through a pool doesn't help strengthening the network but solo mining does. So how can I solo mine?


Join a pool. Solo mining on your hardware is a total waste. It may take years to find a block if you're lucky enough.

"If you've got a problem and have to spread some coins to make it go away, you've got no problem. You've got an expence." ~ Phoenixcoin (PXC) and Orbitcoin (ORB) and Halcyon (HAL)
BitcoinBarrel
Legendary
*
Offline Offline

Activity: 1961
Merit: 1020


Fill Your Barrel with Bitcoins!


View Profile WWW
June 08, 2013, 09:46:17 PM
 #4

It could possibly take over 1000+ years to solve a block, but it is fun nonetheless. CPU Mining does make your CPU run hot so you have to be careful and keep it well ventilated or propped up off the table if it's a laptop.

Search on Google for "Solo CPU Mine <Windows/Linux> <Version> Bitcoin Tutorial" and try different tutorials for your operating system.

Basically, you download Bitcoin-QT or Bitcoind and then add the line "server=1" to the bitcoin.conf with a username and password. On Linux it's home/.bitcoin/bitcoin.conf and sometimes you have to create the file. Then you'll need a CPU miner software like minerd (cpuminer) or cgminer and then configure the software to mine CPU and not GPU.

bitcoin.conf:

rpcuser=username
rpcpassword=password
server=1
rcpallowip=127.0.0.1
rcpallowip=localhost
rpcport=8332

With minerd you just type into the Terminal/Command Prompt once Bitcoin-QT is running which acts as a server:

minerd --url http://localhost:8332 --userpass username:password

If you mine a block then the 25 BTC reward will automatically be sent to your wallet. Sometimes a new address may be generated in your wallet.

You'll get around 2-40 MHash per second if you're lucky and most likely will never solve a block. Once it's setup it's easy to start the miner. You can let it go every now and again and maybe you'll see 25 BTC in your wallet one day. Good luck



        ▄▄▄▄▄▄▄▄▄▄
     ▄██████████████▄
   ▄█████████████████▌
  ▐███████████████████▌
 ▄█████████████████████▄
 ███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
▐███████████████████████
 ██████████████████████▀
 ▀████████████████████▀
  ▀██████████████████
    ▀▀████████████▀▀
.
.....
.....
.....
.....
.....
.....





serrveraside
Newbie
*
Offline Offline

Activity: 53
Merit: 0



View Profile WWW
June 08, 2013, 10:10:37 PM
 #5

It's very pointless, you wouldn't be doing the network a favour.

The best way for you to support the network would be to participate in the community and run Bitcoin-Qt.

Other than that there isn't really any way to help the community, sorry.

Don't want to seem too harsh but that's the truth...
ktttn
Full Member
***
Offline Offline

Activity: 126
Merit: 100


Capitalism is the crisis.


View Profile WWW
June 08, 2013, 10:22:49 PM
 #6

I <3 tinus42.
I would be interested in the same thing if I had a computer.
How do fees factor into this situation? Would setting your fees to near zero help speed up low fee transactions?

Wit all my solidarities,
-ktttn
Ever see a gutterpunk spanging for cryptocoins?
LfkJXVy8DanHm6aKegnmzvY8ZJuw8Dp4Qc
J35st3r
Full Member
***
Offline Offline

Activity: 196
Merit: 100



View Profile
June 08, 2013, 10:25:08 PM
 #7

I <3 tinus42.
I would be interested in the same thing if I had a computer.
How do fees factor into this situation? Would setting your fees to near zero help speed up low fee transactions?

Only if you solved a block.

1Jest66T6Jw1gSVpvYpYLXR6qgnch6QYU1 NumberOfTheBeast ... go on, give it a try Grin
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!