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Author Topic: If I wanted to play the lottery solo mining...  (Read 777 times)
FlutterPie
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December 08, 2015, 06:44:52 AM
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In the summer I might be going away for nearly a year. I was thinking I might want to try solo mining from now, until I come back (if I started now that would be nearly a year and a half of solo mining). I was wondering what miner(s) you guys might suggest. Right now I'm considering the antminer S7, but I'm curious what you guys will say. Also would it be a better bet to join a solo mining pool, or not.


Also if the miner ran into problems that could be an issue since nobody will be around that would know how to fix it. I'd probably need to be able to log into it remotely and restart it if that is an option. What are the odds of something going wrong, I'm not completely sure. I mined before and ran into some problems with the miners needing to be restarted, but that could have been my own problem.
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notlist3d
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December 08, 2015, 07:01:23 AM
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In the summer I might be going away for nearly a year. I was thinking I might want to try solo mining from now, until I come back (if I started now that would be nearly a year and a half of solo mining). I was wondering what miner(s) you guys might suggest. Right now I'm considering the antminer S7, but I'm curious what you guys will say. Also would it be a better bet to join a solo mining pool, or not.


Also if the miner ran into problems that could be an issue since nobody will be around that would know how to fix it. I'd probably need to be able to log into it remotely and restart it if that is an option. What are the odds of something going wrong, I'm not completely sure. I mined before and ran into some problems with the miners needing to be restarted, but that could have been my own problem.

The odds of a machine running for a year are not great.  I have went over a month on certain machines.  But a power outage, internet outage, etc.  In a year you chances are will have a issue.

That being said you can leave a computer home with teamviewer.  Have an account and leave it signed in on startup.  You could deal with some issues that way.  It is possible it could take a power off/on depending on what miner it is some are better then others.  But if that you could need someone to physically do it.  If you truly don't have anyone who can do a restart I would not buy one.

Or look into hosting or if S7 there is always hashnest.  Then you can not be there depending on what it is.   
FlutterPie
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December 08, 2015, 07:34:05 AM
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You're right, cloud mining would probably be my best option. I take it you recommend hashnest over any other company?
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December 08, 2015, 07:39:04 AM
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You're right, cloud mining would probably be my best option. I take it you recommend hashnest over any other company?

yeah hashnest is the best, because they have the s7 in stock right now, it seems that bit-x still have not those asic

and now that the value of bitcoin is increased you can buy the equivalent of its hash for 5.3 btc
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December 08, 2015, 04:50:24 PM
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You're right, cloud mining would probably be my best option. I take it you recommend hashnest over any other company?

yeah hashnest is the best, because they have the s7 in stock right now, it seems that bit-x still have not those asic

and now that the value of bitcoin is increased you can buy the equivalent of its hash for 5.3 btc

That's what I thought when thinking about it.  Just S7 on hashnest you have no worrying about working, and they have people to do the fixing if something goes wrong.

For a year to have no issues is kinda unheard of.  My ones with a month were pretty good for a miner.  You really have to have physical access this is why hosting center is better home if your going to be gone a year.  And cloud takes it one more step of not being there.

The key is someone beside you monitoring it over the next year.
FlutterPie
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December 08, 2015, 05:39:48 PM
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So would you suggest I join a solo mining pool then?
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December 08, 2015, 05:56:18 PM
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You can not solo mine at Hashnest. If you buy S7 hash you will be mining on Antpool using PPLNS reward system.

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December 08, 2015, 05:56:46 PM
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So would you suggest I join a solo mining pool then?

On a S7 no.  That is a lot to spend on a chance of soloing, and if you pay electricity it's even higher so a ongoing cost.

Solo is fun but personally I only do it with much smaller miners.  I just don't have fun putting all mine on solo and get no return.   Remember with solo its like the lottery, chances are with 1 S7 you will not ever hit

You can not solo mine at Hashnest. If you buy S7 hash you will be mining on Antpool using PPLNS reward system.

They likely did this so they can get fee's from miners easily.  If they did not do this and allowed solo they would have to ask for payment monthly vs just taking it straight from mining earnings.
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December 08, 2015, 07:16:23 PM
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You're right, cloud mining would probably be my best option. I take it you recommend hashnest over any other company?

If you use lee from this thread you pick your own pools

https://bitcointalk.org/index.php?topic=934581.0


or buy from hashnest

https://www.hashnest.com/


or do what I do one from both .


I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
FlutterPie
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December 08, 2015, 10:33:56 PM
 #10

So on Hashnest it looks like I can either buy a miner, or I can pay 1 BTC per TH/s. It seems like 1 BTC per TH/s would be the better deal no? Before investing this type of money I need to know exactly what I would be getting myself into.
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December 08, 2015, 10:38:52 PM
 #11

So on Hashnest it looks like I can either buy a miner, or I can pay 1 BTC per TH/s. It seems like 1 BTC per TH/s would be the better deal no? Before investing this type of money I need to know exactly what I would be getting myself into.

no that is a shit deal   you go to market and buy from 1 to 10000 or more at current price.

link for s-7 hash


https://www.hashnest.com/hash_currencies/25/trade_markets/20

link for whole miner

https://www.hashnest.com/hash_currencies/25/shop



@#$@#$@@@@@@@@@@@@@@@@@@##########################%%%%%%%%%%%%%%%%%%%%

link for 1btc per 1 th BAD deal do not do this


https://www.hashnest.com/contracts/new?contract_id=4

you are stuck with this you can not sell it and the interest is bad.  about 3%

@@@@@@@@@@@@@@@@@@@@@@@@@@@%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%########################

I have 2600 gh in s-7 hash

half the earnings i remove each week the other half I buy more shares.

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
notlist3d
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December 09, 2015, 12:19:10 AM
 #12

You're right, cloud mining would probably be my best option. I take it you recommend hashnest over any other company?

If you use lee from this thread you pick your own pools

https://bitcointalk.org/index.php?topic=934581.0


or buy from hashnest

https://www.hashnest.com/


or do what I do one from both .


Even if Lee's system detects all downtime, and he does not have to report it. OP would for sure have to send monthly hosting fee.  So I guess it would depend on OP where hes going for a year.  I would assume he has internet and can monitor it and pay monthly.   It just is not 100 percent no touching like hashnest as far as buy it and let it run.

I just am not sure on it if he truly is away.  If going to be away and not able to monitor I think hash nest has some pretty good guarantees.  And you really never have to be there, or send monthly payments.  It's all done automatically.
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December 09, 2015, 07:49:36 AM
 #13

In the summer I might be going away for nearly a year. I was thinking I might want to try solo mining from now, until I come back (if I started now that would be nearly a year and a half of solo mining). I was wondering what miner(s) you guys might suggest. Right now I'm considering the antminer S7, but I'm curious what you guys will say. Also would it be a better bet to join a solo mining pool, or not.


Also if the miner ran into problems that could be an issue since nobody will be around that would know how to fix it. I'd probably need to be able to log into it remotely and restart it if that is an option. What are the odds of something going wrong, I'm not completely sure. I mined before and ran into some problems with the miners needing to be restarted, but that could have been my own problem.
I am curious on what the budget is, and is electricity free?

But another aspect is the heat output, wiring, and the nature of that. Wouldn't want to come back to a burned house if you machine doesn't have any other problems.

If he were to do home hosting

Another idea might be nicehash and mine to ck pool? Just put in a 5 to 10 th order every week or so. I think you can have open offers for 14 days there.

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