My Solo Mining Experiment, two years. 1S3, 1 Antrouter

[jacobmayes94]

As stated in the topic title, currently 3 S3s and 1U3 are going at it! I have decided to solo mine for the next two years and see what comes up, I might add to the set up later.
I will be sure to update when a block is found! I am wondering though... Is it best I keep them all pointed to CKs solo pool, or maybe point one of them to nicehash.com (as the pool will give different work to the miner so part of my hashrate is working on different 'work' although its then less hashrate going towards the CK work) Currently they are all pointed to solo CK pool and have nicehash solo pool as the failover. I put CKs as the primary as I seem to know I can trust it given the high level of support and the fact its paid out every time a valid block is found and confirmed as part of the main chain. When a block is found I will ping a small donation to CK in that event. It is invaluable as mining on your local client maybe with a questionable upload I don't think is the best move! Wish me luck!

My Stats:

http://solo.ckpool.org/users/1JacobtFpSMx15iKNR2xmPuDLqRVYM9NWc

Heres to a block find!

This is my Uncle's S1:

http://solo.ckpool.org/users/14gYhaeevNrfzpFNxeJe8a7LqToTwxGfHc

Jacob

EDIT: changed wallet address as I exported the private key from the old one to get my funds into another wallet as I couldn't wait the several hours to resync. As I had uploaded the private key somewhere I felt it safer to generate a new receiver address : )
EDIT II: My uncles S1 link has been added now its running!

[Shibashi Dogemoto]

As stated in the topic title, currently 3 S3s and 1U3 are going at it! I have decided to solo mine for the next two years and see what comes up, I might add to the set up later.
I will be sure to update when a block is found! I am wondering though... Is it best I keep them all pointed to CKs solo pool, or maybe point one of them to nicehash.com (as the pool will give different work to the miner so part of my hashrate is working on different 'work' although its then less hashrate going towards the CK work) Currently they are all pointed to solo CK pool and have nicehash solo pool as the failover. I put CKs as the primary as I seem to know I can trust it given the high level of support and the fact its paid out every time a valid block is found and confirmed as part of the main chain. When a block is found I will ping a small donation to CK in that event. It is invaluable as mining on your local client maybe with a questionable upload I don't think is the best move! Wish me luck!

http://solo.ckpool.org/users/17JBY3upewVt8LjxRoCJG5uDnGs8uGjafs

Heres to a block find!

Jacob

Good luck...
With 3 S3"s @ 441 Ghash/sec and 1 U3 @ 63 Ghash, statistically, you should find 1 block every 77.6 months (at the current diff). This means you have about 31% chance of hitting a block in the next two years...

I've actually seen worse

[jacobmayes94]

Plus the money spent on power keeps my thermostat down : ) the heat that comes off these in my highly insulated flat is enough to keep me warm and turn the thermostat down

I told my uncle about this and hes stopped playing the national lottery and just bought himself a cheap S1 to throw in the solo pool, deciding its better value than the lottery! I explained to him how it all works and he was quite impressed haha. He has much less hashrate than me, but anything can happen! As my uncle is a set-it and forget it person his has the same solo pool configuration and failover. I was interested in trying an s5 but the problem is the noise unless I could put quieter fans on it!

Jacob

[Betwrong]

Plus the money spent on power keeps my thermostat down : ) the heat that comes off these in my highly insulated flat is enough to keep me warm and turn the thermostat down

I told my uncle about this and hes stopped playing the national lottery and just bought himself a cheap S1 to throw in the solo pool, deciding its better value than the lottery! I explained to him how it all works and he was quite impressed haha. He has much less hashrate than me, but anything can happen! As my uncle is a set-it and forget it person his has the same solo pool configuration and failover. I was interested in trying an s5 but the problem is the noise unless I could put quieter fans on it!

Jacob

That's a really nice decicion! I was suggesting something like this some time ago but I thought nobody had the chance to do it.

I wish you and your uncle the best of luck!

Please update the thread, it's very interesting!

[Fraxinus]

I hope you will have good results,it will definitely be interesting to read.The miners you start with are good.

[jacobmayes94]

I was torn between 3S5s and 3S3s but the s5s sound like miniature jet-engines from my research, while the S3s could be made quieter to the point of no distraction with fan modifications. I have a corsair RM1000 PSU supplying two of them and an antec 520 on the other one. I did get an Ethernet switch for them. Hashing away : )

[USB-S]

You would get instant roi on these devices if you hit a block. Good luck on your experiment, Hope to read your update soon, about your findings.

[Nexious]

Seems like solo mining is becoming more and more popular, 3rd or 4th thread ive read about people doing it now.Anyway I wish you the best of luck and hope you hit a block

[jacobmayes94]

Thanks I will keep you guys posted It would be awesome! It will happen Currently hashing away at 1.4T combined : )

Jacob

[nagatraju]

Can you tell us what is your total investment and how much you earn in this two years?

[jacobmayes94]

Total investment for this is about £280 Still hashing away

Jacob

[Sir_lagsalot]

Good luck. It really doesn't matter if you don't hit a block within 2 years. Give yourself 10 years, and you will at least mine 1-2+ blocks. That's surely a ROI, considering you get 25 bitcoins a block (Ugh. With the upcoming halving, let's say 12.5 BTC a block...) Good luck, and now that I think about it, it actually might be great investing in a few S3s or maybe even funding my Bit-X account xD

[jonnybravo0311]

Good luck to you!  There was another user who setup an S3 to solo mine and he hit a block about a month and a half into his experiment.  I have an S3 that I use for solo mining, and a bunch of others that I use on p2pool.  I also have a number of USB sticks that solo mine... now THAT's playing the lottery .  Oh, and I occasionally gamble and rent a ton of hash hoping for a quick hit.  Haven't found anything on my own yet, but have been part of a group that found a couple blocks earlier this year.  I keep dreaming and every morning I check to see if 25BTC has magically appeared in my wallet...

Edit: the last time one of my personal miners hit a block was in early 2014.  One of my S1s found a block for p2pool.

[ShrykeZ]

Good luck. It really doesn't matter if you don't hit a block within 2 years. Give yourself 10 years, and you will at least mine 1-2+ blocks. That's surely a ROI, considering you get 25 bitcoins a block (Ugh. With the upcoming halving, let's say 12.5 BTC a block...) Good luck, and now that I think about it, it actually might be great investing in a few S3s or maybe even funding my Bit-X account xD

These were my thoughts, I do enjoy that a few people have lately started going for the solo pool, especially since that one guy got lucky with his single S3 (if I recall).

Good luck!

[jacobmayes94]

Hashing away I have been having some serious routing problems which my ISP is fixing and all but one of the miners which is mining elsewhere has failed over to nicehash solo currently! The same wallet address is there. I set nicehash solo as my failover but nothing is wrong with CKs pool as my uncles miner, my friends miner and one of mine (one of the S3s) which is at a different address (electricity is free there) is hashing on CKs pool fine. Having troubles accessing my email too, funny enough everything works through my VPN.

Hoping to be hashing back on CKs pool again but currently hashing fine on Nicehash! My investment is about £300 on these.

A block will happen

I have three pools here, CKs is pool 0 nicehash is 1 and my own node on my VPS server is 2.

tbf I think every hardcore or dedicated miner should have mining on their own node as a failover, it helps protect the network should anything happen to the major pools for any reason!

Jacob

[morantis]

Just wondering why you haven't done some work with a pool, rather then go solo.

[jacobmayes94]

I find the solo mining quite a 'fun' factor. Best share currently is 26,155,616.70 I am getting a KNC Neptune as I have a free electricity opportunity and that will be in a pool (mmpool). I am also  thinking of getting one for here, shutting off the heating and using IT to heat while getting the heating cost refunded by the bitcoin mined via MMpool. I have another smaller miner currently on MM pool. That share was pulled less than 3 days after failing over to nicehash btw.


I plan to have a total of 10TH equipment in a pool, and 1.3 - 2 TH solo dedicated. All the miners will have a solo failovers in anycase.

2615561670 not bad after two weeks running almost total time : ) It will happen

Jacob

[morantis]

I wasn't trying to say anything bad, just a question.  What if you set up a small server and pool all your boxes toward the one ckpool address.

[jacobmayes94]

I could consider that...
And you guys wont believe this my mate has been mining on a GPU on CK pool he knows how slim a chance he has to hit but he testing it out while hes waiting for his ASIC....

In 1.5 weeks a 1.1 BILLION share with 100Mh. That is awesome.

[timk225]

I am utterly amazed at that.