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Author Topic: Solo mining question  (Read 2427 times)
j1pvt
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January 02, 2016, 01:36:26 PM
 #21

The next difficulty is estimated to rise about 20%. That is a lot. I wonder if the S5 is still profitable for the next month.

a single s5 can earn you $90 per month, with a 0.05 per hour for electricity cost, you have only a consumption of $21

so it's still profitable, because when we were at 0.011 earning the price was only 230, now it's double that, but the earning is not half of it...

But what happens when all the halving has taken place and we hit the proposed 21 000 000 total bitcoins.
The difficulty is already knocking out the small individuals who are presumably the life and blood of the whole system...
Does the whole currency then get sold back to highest bidder ie: illuminati banksters and we are back to square one again..??
How does mining carry on after that if there are no rewards coming from the blockchain ... ??
How does the whole currency perpetuate into the future ... ??
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January 03, 2016, 08:48:32 AM
 #22

The next difficulty is estimated to rise about 20%. That is a lot. I wonder if the S5 is still profitable for the next month.

a single s5 can earn you $90 per month, with a 0.05 per hour for electricity cost, you have only a consumption of $21

so it's still profitable, because when we were at 0.011 earning the price was only 230, now it's double that, but the earning is not half of it...

But what happens when all the halving has taken place and we hit the proposed 21 000 000 total bitcoins.
The difficulty is already knocking out the small individuals who are presumably the life and blood of the whole system...
Does the whole currency then get sold back to highest bidder ie: illuminati banksters and we are back to square one again..??
How does mining carry on after that if there are no rewards coming from the blockchain ... ??
How does the whole currency perpetuate into the future ... ??

ah the infamous fee era, simply miner will live from the fee made from each transaction, which will have a far greater value(supposedly, otherwise bitcoin is most likely died by that time)
BTCBinary
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January 04, 2016, 03:33:20 AM
 #23

Don't worry, if you have free electricity then you'll be fine and eventually find a block. I for myself am running an Antminer U3 solo and I know a have little chances but still, I prefer to take them!
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January 04, 2016, 04:30:29 AM
 #24

Don't worry, if you have free electricity then you'll be fine and eventually find a block. I for myself am running an Antminer U3 solo and I know a have little chances but still, I prefer to take them!

Not necessarily I think miners have a lifespan of a few year's.   So plugging in a miner even if free electricity unless you have a lot of hash, just is not guarenteed you will hit a block.

The more hash added to network the less likely.  So if anything the longer it takes the less chance of you hitting it as network growth.
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January 06, 2016, 04:59:45 PM
 #25

Don't worry, if you have free electricity then you'll be fine and eventually find a block. I for myself am running an Antminer U3 solo and I know a have little chances but still, I prefer to take them!

Using U3 might take decades to find a block. With the increase of difficulty, there is almost no chance to find a block.
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January 06, 2016, 08:41:22 PM
 #26

Don't worry, if you have free electricity then you'll be fine and eventually find a block. I for myself am running an Antminer U3 solo and I know a have little chances but still, I prefer to take them!

Not necessarily I think miners have a lifespan of a few year's.  
Even years is hopeful. In my experience of the short time that mining hardware has existed, 9 months is more likely as an average. Might be longer in a nice clean cool datacentre but most of us don't have that luxury.

Primary 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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