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Author Topic: Solo mining with 2x S7 10 Th/S  (Read 4918 times)
HarryKPeters
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November 18, 2015, 09:36:41 PM
 #21

10TH even with S7 effiency is a waste of time and money mate.

Your are paying this for a hobby that wil never be paid back. Better point your miners a solid pool and get some ROI. Or with some earnings buy some outdated S3's and go solo mining with those asics.

i dunno two of those beast can do 2.4 btc per months approximately, this mean that in theory you should have a block in a 10 months as average

it worth a try if you have super cheap electricity, the diff should not increase much if the price remain the same like the last time, for 10 months straight...

What i mean it is a waste of money and time. If OP is rich in both time and money, go ahead. Else everyone else here would say the same. Get some ROI first. then start with experiments Wink

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lovenlifelarge
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November 30, 2015, 12:10:20 PM
 #22

Do the S7's allow u to split the mining up amongst 3 or more mining groups like the S3 used to??

If so then pool mine completely on one S7 then spilt the 2nd S7 into 2, Pool mining half & solo mining the other half.

That way u can learn at the same way u earn...

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November 30, 2015, 01:11:37 PM
 #23

I ordered 2x AntMiner S7 that costed me a whooping 13 BTC + VAT and now with the big price increase, the difficulty will sky rocket because people paid only 4 BTC for a S7  and I'm pretty sure I will not be able to make almost anything back with my S7 investment, therefore I was thinking of trying my luck and solo mine on ckpool with my 2x S7.
What do you guys think ?
The chances of finding a block with that hashrate is extremely  low.

I would suggest selling off your AntMiner S7's while they still have value and hold on the coins. That way you will make more bitcoins than mining.
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December 02, 2015, 08:44:17 PM
 #24

I ordered 2x AntMiner S7 that costed me a whooping 13 BTC + VAT and now with the big price increase, the difficulty will sky rocket because people paid only 4 BTC for a S7  and I'm pretty sure I will not be able to make almost anything back with my S7 investment, therefore I was thinking of trying my luck and solo mine on ckpool with my 2x S7.
What do you guys think ?
The chances of finding a block with that hashrate is extremely  low.

I would suggest selling off your AntMiner S7's while they still have value and hold on the coins. That way you will make more bitcoins than mining.

Selling off needs to happen right now. Your miner is second hand, and if you bought it when bitcoin was swimming on the 350 - 400 usd range, you are already losing money.
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December 03, 2015, 07:36:02 AM
 #25

Maybe there is some site where we can see in % how big is the chance to find a block while mining solo ? That would be awesome.

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December 04, 2015, 04:01:48 PM
 #26

https://bitcoinwisdom.com/bitcoin/difficulty

Look at current global hashrate, divide your hashrate by that number and that is your percentage chance of finding each block. Your chance of solving blocks does not decrease by each block, it is the same. On average 144 blocks per day, so multiply your percentage by 144 by the number of days you are looking at, and that is your percentage chance over a period of time, subject to probability (luck) and difficulty adjustment.

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December 05, 2015, 02:16:17 AM
 #27

what do you think about:
http://solo.ckpool.org/

I have heard great reviews about this solomining pool. It does have a fee but it's relatively low and it saves you the trouble of managing your own solo mining node. You can easily recoup your losses if you mine a block when solo mining. It doesn't require an account which reduces the chances of it being hacked.

If you solo mine at this very second. Over a 30-day period you have an 8% chance to mine a block. As the network continues to grow, that number will go down.

But let the odds be ever in your favor. People have gotten blocks with s3's when the difficulty was 45B. Just depends how lucky you feel ^_^

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