Solo Mining with an 750GH monarch 1/22/16

[jstew]

figured id roll the dice for now its just a single 750gh monarch i bought this a few months ago to just play with never really mined with it , as i start to retire my s2;s i may point them at the solo pool as well
will keep this updated with my daily best share so u guys can track progress ass well

wish me some luck im going to need it

[jstew]

i decded to throw an s2 at it as well , so far since i started last night best share of 22.4mil for the monarch , and 17.7mil for the s2

im thinking about throwing the entire farm at it on every sunday which would be a hair over 50th

[chikwlik]

yes, i may sound like a complete noob (wich i am really) still, i want to ask you guys, whats the base of SOLO MINNING ? electricity? how can someone earn? if anyone could care to explain that to me, i'd be much obliged

regards

[Amph]

i think with 50 tera is doable, the averag for a block is 4 month, not that bad imho, assuming the diff not increase too much, and by the look of the value it seems that this is the case

however, personally i would do solo only if the average was 1 month, so at present you need 200 tera

[jstew]

i think with 50 tera is doable, the averag for a block is 4 month, not that bad imho, assuming the diff not increase too much, and by the look of the value it seems that this is the case

however, personally i would do solo only if the average was 1 month, so at present you need 200 tera

not much to report so far

"bestshare": 351714012.80246913, "bestever": 351714012}

4 day a month gamble for solo isnt a big deal now i just decide if i want to do 4 days straight , or only move my 50th to solo for sundays

would i be better off 4 days stright , or would it not matter

[jstew]

yes, i may sound like a complete noob (wich i am really) still, i want to ask you guys, whats the base of SOLO MINNING ? electricity? how can someone earn? if anyone could care to explain that to me, i'd be much obliged

regards

solo just means if ur lucky enough to solve the block u get all 25 bitcoins to urself , if u dont solve a block u dont get paid

[SFR10]

Since you mentioned you have a 50TH farm, If I were you, I would mine on a pool with 10TH so you would have some earnings (around $530 a month) and then solo mine the rest (40TH) so in 4 any half months you hit a block and at the same time have some money to pay for expenses all through out.

[jstew]

Since you mentioned you have a 50TH farm, If I were you, I would mine on a pool with 10TH so you would have some earnings (around $530 a month) and then solo mine the rest (40TH) so in 4 any half months you hit a block and at the same time have some money to pay for expenses all through out.

ive thought about it , but its hard to move that much hashpower for that long with having to rely on luck as to if i would hit or not

[btckold24]

dang thats pretty ballsy.

Big risk (if you dont hit you waste all that hash and power)

Big reward obviously if it hit a win

Good luck

[jstew]

dang thats pretty ballsy.

Big risk (if you dont hit you waste all that hash and power)

Big reward obviously if it hit a win

Good luck

thanks ive got a 50th rental thrown at it right now for the next 16 hours , going to start moving my farm over for the same time period for just over 100th

{"hashrate1m": "46.3T", "hashrate5m": "49.5T", "hashrate1hr": "18.6T", "hashrate1d": "2.33T", "hashrate7d": "536G", "lastupdate": 1453616081, "workers": 5, "shares": 83731595, "bestshare": 351714012.80246913, "bestever": 351714012}

edit actually im leaving my own 50th farm on it till 12:01am on monday

[jstew]

ok so i need to setup stratem proxy to make moving my farm easier , after moving a few miners i said screw it and just added rental power
110th now and top share of 4 bil so far 

[StarofBTC]

dang thats pretty ballsy.

Big risk (if you dont hit you waste all that hash and power)

Big reward obviously if it hit a win

Good luck

thanks ive got a 50th rental thrown at it right now for the next 16 hours , going to start moving my farm over for the same time period for just over 100th

{"hashrate1m": "46.3T", "hashrate5m": "49.5T", "hashrate1hr": "18.6T", "hashrate1d": "2.33T", "hashrate7d": "536G", "lastupdate": 1453616081, "workers": 5, "shares": 83731595, "bestshare": 351714012.80246913, "bestever": 351714012}

edit actually im leaving my own 50th farm on it till 12:01am on monday

Hmm. pretty good i once got myself 150TH for 24 hours but was close with best share something around 60G but it was some months ago.Anyway your stats is going nice . Fingers crossed for you dude

Anyway i wish you goodluck . Taking a BIG RISK.

[Amph]

i think with 50 tera is doable, the averag for a block is 4 month, not that bad imho, assuming the diff not increase too much, and by the look of the value it seems that this is the case

however, personally i would do solo only if the average was 1 month, so at present you need 200 tera

not much to report so far

"bestshare": 351714012.80246913, "bestever": 351714012}

4 day a month gamble for solo isnt a big deal now i just decide if i want to do 4 days straight , or only move my 50th to solo for sundays

would i be better off 4 days stright , or would it not matter

if you mine 1 day only a week, it will be a lot hard you know, but since it is luck(it's not exactly about luck) anyway you can try

[peteycamey]

some people like gambling I guess.

although I find wasting electricity and time utterly stupid.

[gkv9]

some people like gambling I guess.

although I find wasting electricity and time utterly stupid.

Stupid??? Not necessarily if you are lucky at gambling and also at finding few genesis blocks...
After all, it's 25 BTC everyone's mining for, if done solo, as will be halved few months later...

[ranochigo]

yes, i may sound like a complete noob (wich i am really) still, i want to ask you guys, whats the base of SOLO MINNING ? electricity? how can someone earn? if anyone could care to explain that to me, i'd be much obliged

regards

It would depend. Solomining is more of a chance and gambling game for people who bought hardware and have no means of getting ROI. If they get lucky, they may win the whole block reward+transaction fee by themselves. Not many people has done this though.

some people like gambling I guess.

although I find wasting electricity and time utterly stupid.

Stupid??? Not necessarily if you are lucky at gambling and also at finding few genesis blocks...
After all, it's 25 BTC everyone's mining for, if done solo, as will be halved few months later...

It's luck, if you get lucky, you would hit it. If you don't, you would not hit a block to cover the electrical cost and it would be a waste of electricity.

Genesis block is the block that sets the stone for the blockchain. The only block is https://www.blocktrail.com/BTC/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f.

[abokhalel2]

Good luck buddy 

[jstew]

Good luck buddy 

thanks i had to take the monarch down since i needed the rm1000 psu that was powering it for my new pc upgrades , for now ive switched an s2 , and a pair of u2's over to solo mining