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Author Topic: i have an idea for a new kind of solo pool  (Read 995 times)
nonbody (OP)
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September 14, 2015, 01:33:19 PM
 #1

due to bitcoins high difficulty solo mining is "slightly" unprofitable unless you have a lucky charm. and mining in a pool gets a bit boring.
so my idea is to fuse the 2 ideas, purely for small miners. simply put make a limited pool for lets say 1 th, this 1 th made up of how ever many miners will solo mine and if they find a block they get a very large reward, this is more a idea for small miners Smiley
anyone like this idea


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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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September 15, 2015, 11:37:19 PM
 #2

So its like a semi-private pool. Nice idea, but goto about 100 TH/s max, otherwise its almost impossible to be profitable.

If interested, I can setup a pool for this, feel free to get in contact with me. I would like to talk more!
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September 15, 2015, 11:53:39 PM
 #3

 Roll Eyes instead of reinvented the wheel ... use the P2Pool.
minimal decent speed : 400GH/s to earn bitcoins rapidly.

but you can mine with what you like ... free money, free world, free ... ressource.
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September 16, 2015, 12:13:07 AM
 #4

Roll Eyes instead of reinvented the wheel ... use the P2Pool.
minimal decent speed : 400GH/s to earn bitcoins rapidly.

but you can mine with what you like ... free money, free world, free ... ressource.

Taking economics classes for businesses, nothing is ever free, someone always pays Smiley
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September 16, 2015, 05:03:01 PM
 #5

P2P ressources are free ... to use.  Grin
But to download, you must upload (normally).

Bitcoin network is not different from file sharing, if you want spend, you must have nodes AND miners.
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September 18, 2015, 12:05:14 PM
 #6

At op   just look at what has been done here:


https://bitcointalk.org/index.php?topic=1177508.0


this is close to what you want.

I limited it to sidehack usb stick buyers, but you don't have to do that.

The biggest problem with the style I did is you need an honest person in case the pool hits a block.

This type of club is helpful for a guy with small hash say under 200gh.

I do suggest that you try to get over 1th.

Here is a good way to see what 1 th gives you as a chance.

https://bitcoinwisdom.com/bitcoin/difficulty

Difficulty: BTC/USD:
KH/s
MH/s
GH/s
TH/s ---- 1.00
BTC/hour - 0.0003532
BTC/day - 0.008476
BTC/week -0.05933
BTC/month - 0.2543  this is 1/100 of a block    so if diff was frozen your pool is 100 to 1 for a block in 1 month with normal luck
USD/hour
USD/day
USD/week
USD/month



10th means your pool is 10 to 1 for a block in 1 month with normal luck

100th means your pool should hit 1 block a month with normal luck

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nonbody (OP)
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September 18, 2015, 01:08:29 PM
 #7

At op   just look at what has been done here:


https://bitcointalk.org/index.php?topic=1177508.0


this is close to what you want.

I limited it to sidehack usb stick buyers, but you don't have to do that.

The biggest problem with the style I did is you need an honest person in case the pool hits a block.

This type of club is helpful for a guy with small hash say under 200gh.

I do suggest that you try to get over 1th.

Here is a good way to see what 1 th gives you as a chance.

https://bitcoinwisdom.com/bitcoin/difficulty

Difficulty: BTC/USD:
KH/s
MH/s
GH/s
TH/s ---- 1.00
BTC/hour - 0.0003532
BTC/day - 0.008476
BTC/week -0.05933
BTC/month - 0.2543  this is 1/100 of a block    so if diff was frozen your pool is 100 to 1 for a block in 1 month with normal luck
USD/hour
USD/day
USD/week
USD/month



10th means your pool is 10 to 1 for a block in 1 month with normal luck

100th means your pool should hit 1 block a month with normal luck

thats fucking awesome, would ck be intrested in trying out another solo pool not just for side hack sticks?
i am quite surprised someone else had thought about this and gone a done it Cheesy


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2local
...
Sustainability and Prosperity.
Pre sale is going on
....
....
....
....
...J O I N...
....
...Whitepaper...
....
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I   E   O IN Livecoin.net  Probit  P2pPb2b from 11/02/2020
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