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Author Topic: Is Anyone Else Solo Mining?  (Read 2312 times)
NoahWL1
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July 27, 2015, 06:29:41 AM
 #1

So I got bored one day and dug out my old Rockminer r-box (the old 36Gh/s one) and my 3 Antminer U2s, running at around 2Gh/s each.  I set up a Bitcoin node on my Raspberry Pi and along with CGMiner, I now have them solo mining just for the fun of it.  I'm sure I won't find anything but it's mostly just for fun.  If I get bored I might throw them up on a rental site like betarigs or something.  Is anyone else solo mining with similar or even much better hardware?  I have an S1 and 2 S3s running on a pool, I'm not willing to take those down to play the lottery.
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July 27, 2015, 10:12:35 AM
 #2

no but i would have tried with let's say 7 tera of a total hashrate which would produce 1 block in one year

and since it has been one year of an almost steady diff(in comparison with the old big jump that at which we were accustomed), maybe with some luck it would have been possible to find a block
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July 27, 2015, 01:38:47 PM
 #3

no but i would have tried with let's say 7 tera of a total hashrate which would produce 1 block in one year

and since it has been one year of an almost steady diff(in comparison with the old big jump that at which we were accustomed), maybe with some luck it would have been possible to find a block

With my electricity price I just can't take the risk.  I wish I was able to try solo.  But it's pretty expensive to cover 10k+ watts of gear and fan's for summer.

I think the most successful way to do it was the groups that did massive rentals before forums were hacked.  I would not mind seeing that happen again and I would think about trying the rental solo.
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July 27, 2015, 02:20:30 PM
 #4

I solo mine on ck.'s solo pool.  I've got 5 U2s constantly pointing there.  I point my S3s there every now and then.  I was part of a few groups that pooled our resources together to rent some decent hash power and point it there.  I've never found anything on my own, but the group I was with found a couple blocks and with my share, made back what I invested in the rentals.

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July 27, 2015, 07:33:28 PM
 #5

there is no reason to solo mine tbh... It's just Coal which has to be burned to produce the electricity in the end..

Sell the miner and buy several lotto tickets from the money. The Odds wining something reasonable there are higher...

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July 27, 2015, 09:33:31 PM
 #6

Well... that's not entirely true.  Let's assume you've got a single S3 solo mining.  Your chances of hitting a block are about 1:5907.  Chances of winning $10,000 in the powerball are about 1:648976.  Whereas that powerball ticket is only good for a single drawing, your miner is good until you turn it off.  Let's say you've got 5 U2s like I do... the chance of hitting a block is about 1:259875.  Still better odds than hitting that $10,000 in the powerball.  And, once it hits, it can hit again.  That lottery ticket is a one-shot deal.

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July 27, 2015, 09:37:43 PM
 #7

Well... that's not entirely true.  Let's assume you've got a single S3 solo mining.  Your chances of hitting a block are about 1:5907.  Chances of winning $10,000 in the powerball are about 1:648976.  Whereas that powerball ticket is only good for a single drawing, your miner is good until you turn it off.  Let's say you've got 5 U2s like I do... the chance of hitting a block is about 1:259875.  Still better odds than hitting that $10,000 in the powerball.  And, once it hits, it can hit again.  That lottery ticket is a one-shot deal.
Now compare the price of the ticket with the cost of electricity needed.

I do like the idea of solo mining. Something almost romantic about it now Grin

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July 27, 2015, 10:36:24 PM
 #8

Running an S3 at default will only cost you about $0.82 a day with $0.10 per kWh.  My 5 little U2s running with an rPi controller costs virtually nothing (about $0.04 a day).

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
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July 27, 2015, 10:49:17 PM
 #9

There are 185 separate users mining on my solo mining service averaging ~1PH in total.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
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NoahWL1
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July 27, 2015, 10:57:28 PM
 #10

I solo mine on ck.'s solo pool.  I've got 5 U2s constantly pointing there.  I point my S3s there every now and then.  I was part of a few groups that pooled our resources together to rent some decent hash power and point it there.  I've never found anything on my own, but the group I was with found a couple blocks and with my share, made back what I invested in the rentals.
I think I'll have to do that, I'm about to run out of space on my RaspBerry Pi since the wallet is so big. 
NoahWL1
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July 27, 2015, 10:58:56 PM
 #11

there is no reason to solo mine tbh... It's just Coal which has to be burned to produce the electricity in the end..

Sell the miner and buy several lotto tickets from the money. The Odds wining something reasonable there are higher...
I see reason in it.  For one, it's a fun project.  Two, there is a chance, no matter how small.  There's also that accomplishment that would feel awesome in the end.  How many people can say they mined a block solo at this difficulty?  (Besides those warehouses full of miners, they don't count haha)
NoahWL1
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July 27, 2015, 11:01:39 PM
 #12

There are 185 separate users mining on my solo mining service averaging ~1PH in total.
Should be 186 now, thanks for making your service, it's pretty cool.
innerchaos
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July 27, 2015, 11:42:38 PM
 #13

I solo mine 1 day a week... I may switch it out to 4 days in a row per month
NoahWL1
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July 27, 2015, 11:58:43 PM
 #14

I solo mine 1 day a week... I may switch it out to 4 days in a row per month
I'd do that but I don't think I can set my hardware to do that automatically.  I'd end up forgetting.  Although maybe with cronjobs or something...
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July 28, 2015, 06:28:25 AM
 #15

I solo mine 1 day a week... I may switch it out to 4 days in a row per month

it look even more pointless than solo mining for a long time, basically that day will be always waste, unless you have a non really bad hashrate
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July 28, 2015, 08:33:48 AM
 #16

I solo mine on ck.'s solo pool.  I've got 5 U2s constantly pointing there.

I solo mine on ck.'s solo pool.  I've got 1 S2 constantly pointing there.  Wink

And it's not "just for fun", I know there IS a chance to find a block, so why not?  Smiley

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July 28, 2015, 12:27:19 PM
 #17

I've been mining on CK's pool with my own hash for over a month. Hit on 6/27 and 7/7 and never got above a 33G share since, also hit two other times before. It's been a long dry spell since the last block and having nothing to show for mining 20 days hurts. But as CK stated when he started the pool " it takes balls of steel". Tongue
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July 28, 2015, 08:58:57 PM
 #18

I stopped mining months back due to cost and energy being used and not even paying for energy was a big waste. I will in the future buy providing coin value is good and mining equipment is also cheap and has a power of 5TB or more that we are all closing in on.

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July 29, 2015, 08:35:55 AM
 #19

I stopped mining months back due to cost and energy being used and not even paying for energy was a big waste. I will in the future buy providing coin value is good and mining equipment is also cheap and has a power of 5TB or more that we are all closing in on.

I have sidehack's 8gb usb stick coming (got two 56 bucks with shipping). If I paid nothing and electric is free I likely on both will make a whole $22 bucks in a Year according to
www.tradeblock.com at current prices and 0% pool fee lol Smiley

but hey if it keeps me happy (along with a bitcoin node from bitseed v2 device) I can feel like I'm still 'contributing' and not buy any more home miners. We all deal with the 'death'
of home asic mining in our own way Smiley (The shiny lights being able to 'putty.exe' into something just becasuse.....to hide the pain of my dead asic doorstops Sad

I suppose I could solo mine (I mean Lucy Liu is into bitcoin I hear so the odds of me hooking up and talking to her about bitcoin are about the same as solo mining more or less imho)

yeah thats the ticket ..hit a block with my 2 8gb usb sticks by solo mining them.........dare to dream Smiley (my life is lame.....the death of home mining is gonna hit me hard) Sad

















 

 

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Gladimor
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July 29, 2015, 07:24:29 PM
 #20

Very infeasible to solo mine unless you have a large farm. If you have a few pieces of small equipment that won't get a profit anyways, you could solo mine (its like a lottery) with them in hopes of hitting a block.

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