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Author Topic: Bitcoin Classic "solo mining pool" *BETA*-beta period is over  (Read 3100 times)
WBF1 (OP)
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February 19, 2016, 03:47:19 PM
 #21

Various ways to calculate it, but use any coin calculator  and figure out how long it will take to hit 25 BTC.

For example: https://alloscomp.com/bitcoin/calculator

Put in your details and the divide your daily income in terms of BTC into 25.

Of course difficulty changes over time so it will change, but at current difficulty you're looking at 37 years.

Of course the exchange rate of bitcoin will change too.

Oh and this is all based on probability, so in theory you could hit a block in an hour (super unlikely), or never hit one in 500 years.

I don't know your financial situation, but with 0.6 TH, you're looking at 78 cents of income in terms of USD per day. That's less than the dollar value of the gas I burn driving to work. It's less than I spend on coffee. Trading that off for a very small chance of making 10,500 USD worth of BTC might be worth it.
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February 19, 2016, 05:14:09 PM
 #22

is it worth to try it out with 0.6TH power ? I never mined solo before. How little is chance to find a block with this mining power ? once in a 10 year or maybe 100 ?


Your odds are on average 37 years. So a very low chance to get one in the following month. Then it will maybe be something like on average 50 years in a month and so on. Its not impossible however.

But i would do it at a trusted pool, not pointed at a bitcoin fork.


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WBF1 (OP)
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February 19, 2016, 08:03:53 PM
 #23

is it worth to try it out with 0.6TH power ? I never mined solo before. How little is chance to find a block with this mining power ? once in a 10 year or maybe 100 ?


Your odds are on average 37 years. So a very low chance to get one in the following month. Then it will maybe be something like on average 50 years in a month and so on. Its not impossible however.

But i would do it at a trusted pool, not pointed at a bitcoin fork.

Please don't insinuate that I'm not trustworthy. Or that bitcoin classic is somehow not trustworthy.

And anyway, until 75% of previous 1000 blocks are mined on bitcoin classic nodes, there is no functional difference between bitcoin classic and bitcoin core (at version 0.11.2).

And finally, the whole point here is for a "solo pool" for people who support an increased block size limit through hard fork via bitcoin classic. I assume anyone wanting to mine here has already decided they support that. 
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February 19, 2016, 08:26:08 PM
 #24

is it worth to try it out with 0.6TH power ? I never mined solo before. How little is chance to find a block with this mining power ? once in a 10 year or maybe 100 ?


Your odds are on average 37 years. So a very low chance to get one in the following month. Then it will maybe be something like on average 50 years in a month and so on. Its not impossible however.

But i would do it at a trusted pool, not pointed at a bitcoin fork.

Please don't insinuate that I'm not trustworthy. Or that bitcoin classic is somehow not trustworthy.

And anyway, until 75% of previous 1000 blocks are mined on bitcoin classic nodes, there is no functional difference between bitcoin classic and bitcoin core (at version 0.11.2).

And finally, the whole point here is for a "solo pool" for people who support an increased block size limit through hard fork via bitcoin classic. I assume anyone wanting to mine here has already decided they support that. 


I bluntly mean that there's no proof that you are trustworthy, not that you are untrustworthy. And the recommendation is that there is a trusted, known service, with probably better infrastructure/faster, with proven effectiveness with very low orphan rate, with lower fee, that is also much more professional than what sound like a "basement operation".

For China and Bigger block. I reckon 2mB would be nice and not too bad for China. I think they were afraid of 8mB+ ongoing raise, which would probably eventually cause them problems with keeping up.

If Classic is only a static 2mB raise then i reckon China MIGHT be inclined to all say yes, but i suppose we'll have to wait and see.


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February 21, 2016, 01:30:25 PM
 #25

Ill just leave it then.
Im not paying for electricity so its better than nothing.
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February 23, 2016, 07:09:12 AM
 #26

Good luck.  Hope you find some blocks.

BCMonster.com BTC, KMD, ZEN, HUSH, RFox, ARRR, ACH, VRSC <cpu> -   /  Easy Live Dashboards   / Looking for Miners! Join our Discord
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February 23, 2016, 02:49:43 PM
 #27

Me too. Thanks!
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February 25, 2016, 03:13:21 PM
 #28

Currently testing connecting the pool to the relay network. Expect possible interruptions.
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February 26, 2016, 04:37:45 AM
 #29

Relay network test were successful. We're now currently on the relay network. Should reduce block change times dramatically.
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February 27, 2016, 12:01:06 AM
 #30

2016-02-26 @ 7:00 PM EST: Doing some maintenance for the next few hrs. Expect intermittent connection.
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February 29, 2016, 05:49:58 PM
 #31

Maintenance complete as of 2016-02-29 @ 12:49 PM EST
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March 09, 2016, 07:44:14 AM
 #32

POOL IS NOW OUT OF BETA. PLEASE CHECK https://bitcointalk.org/index.php?topic=1392418
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