Bitcoin Forum
October 18, 2018, 07:30:22 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: solo litecoin mining question  (Read 678 times)
mrchu001
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 09, 2013, 12:42:12 AM
 #1

Hey guys, I am trying to start solo mining LTC. Right now, I am trying SoloEasy with cgminer. What are your guys experience with it? Or do you have something that might work better for me?

And just to clarify, I have a single AMD7870 gpu running.

Thanks in advanced.
1539891022
Hero Member
*
Offline Offline

Posts: 1539891022

View Profile Personal Message (Offline)

Ignore
1539891022
Reply with quote  #2

1539891022
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539891022
Hero Member
*
Offline Offline

Posts: 1539891022

View Profile Personal Message (Offline)

Ignore
1539891022
Reply with quote  #2

1539891022
Report to moderator
1539891022
Hero Member
*
Offline Offline

Posts: 1539891022

View Profile Personal Message (Offline)

Ignore
1539891022
Reply with quote  #2

1539891022
Report to moderator
Raen
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
April 09, 2013, 12:43:33 AM
 #2

You probably won't have much success with that hardware without mining in a pool.
RikoOnWeb
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 09, 2013, 12:49:42 AM
 #3

Why solo? Especially with that hardware you would be much better off in a pool.
mrchu001
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 09, 2013, 12:52:18 AM
 #4

You guys really think so? What would the timeframe be to unlock a block with my HW? I only decided to solo mine LTC because I was under the impression that it was easier than BTC. Would it be more profitable to pool mine LTC or BTC with my HW?

Thanks.

edit: i am currently getting 280kh/s. Is that decent?
RikoOnWeb
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 09, 2013, 12:57:19 AM
 #5

You guys really think so? What would the timeframe be to unlock a block with my HW? I only decided to solo mine LTC because I was under the impression that it was easier than BTC. Would it be more profitable to pool mine LTC or BTC with my HW?

Thanks.

edit: i am currently getting 280kh/s. Is that decent?

http://www.litecoinpool.org/calc?hashrate=425&difficulty=205.77652398

This is an estimate of what you could be getting in a pool vs. expected probabilities of finding a block. I found the hashrate of 425 over here: https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison

I am afraid your 280 is slower than it should be.

Looking at the numbers, it will take you almost a month to get the reward of 25 coins, $4 and change each, versus $260 a month in a pool.
mrchu001
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 09, 2013, 01:02:36 AM
 #6

http://www.litecoinpool.org/calc?hashrate=425&difficulty=205.77652398

This is an estimate of what you could be getting in a pool vs. expected probabilities of finding a block. I found the hashrate of 425 over here: https://github.com/litecoin-project/litecoin/wiki/Mining-hardware-comparison

I am afraid your 280 is slower than it should be.

Looking at the numbers, it will take you almost a month to get the reward of 25 coins, $4 and change each, versus $260 a month in a pool.

Hm, why do you think it's slower than it should be? So it's almost the same payout... Is pool mining LTC still more profitable than BTC with my comp?

edit: If anyone can suggest good pools I would greatly appreciate it.
RambJoe
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
April 09, 2013, 01:08:51 AM
 #7

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.
mrchu001
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 09, 2013, 01:12:48 AM
 #8

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.
thedonvon
Newbie
*
Offline Offline

Activity: 49
Merit: 0


View Profile WWW
April 09, 2013, 01:28:54 AM
 #9

I am also running a 7870 and am getting about 295 kH/s...i cant get it any better than that.
gpu-threads 2
thread concurrency 5120
intensity 12
worksize 256

Good Luck please let me know if you find other settings you are more successful with!!
mrchu001
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 09, 2013, 01:56:45 AM
 #10

I am also running a 7870 and am getting about 295 kH/s...i cant get it any better than that.
gpu-threads 2
thread concurrency 5120
intensity 12
worksize 256

Good Luck please let me know if you find other settings you are more successful with!!

yeah, same :/ hopefully someone can help us out lol
HackneyB
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 09, 2013, 02:08:20 AM
 #11

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different.  Today it may take you months or years to get a block. 
Look at it this way - there is a pool which totals 1 TeraHash/second.  It takes that pool 12 hours to get a block and get that 25BTC reward.  Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool.  So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. 

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. 
mrchu001
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 09, 2013, 02:12:08 AM
 #12

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different.  Today it may take you months or years to get a block. 
Look at it this way - there is a pool which totals 1 TeraHash/second.  It takes that pool 12 hours to get a block and get that 25BTC reward.  Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool.  So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. 

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. 

alright sweet, thank you.
thedonvon
Newbie
*
Offline Offline

Activity: 49
Merit: 0


View Profile WWW
April 09, 2013, 02:12:44 AM
 #13

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different.  Today it may take you months or years to get a block. 
Look at it this way - there is a pool which totals 1 TeraHash/second.  It takes that pool 12 hours to get a block and get that 25BTC reward.  Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool.  So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. 

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. 
Mining bitcoin yes this would be correct.  LTC difficulty is much lower and your numbers are definitely off...with that said i do agree it would take a very long time to get your own block.  Pool mining is definitely the way to go.
mrchu001
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 09, 2013, 02:15:09 AM
 #14

Mining bitcoin yes this would be correct.  LTC difficulty is much lower and your numbers are definitely off...with that said i do agree it would take a very long time to get your own block.  Pool mining is definitely the way to go.

okay, i'm trying to get cgminer working on my comp and when i try to enter the pool information it crashes everytime. any ideas?
HackneyB
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
April 09, 2013, 02:20:50 AM
 #15

You have to find a block, so when you are mining yourself, you have to wait till it finds a whole block, you don't get anything till you find the block.

Wait, so does that mean you are constantly finding partials? Or does it mean that it just takes a long time to compute the block.

Sorry for the newbie questions, I've been trying to read as much as I can.

Basically if you were mining with that card a year ago things would be different.  Today it may take you months or years to get a block. 
Look at it this way - there is a pool which totals 1 TeraHash/second.  It takes that pool 12 hours to get a block and get that 25BTC reward.  Your card pulls 300MegaHashes/second and is basically 3000 times slower than everyone combined in that pool.  So in the long run you will need 36,000 hours to find a solution to a block which is 4 years. 

My numbers are all off by a bit but its the magnitude that matters - you will have to wait years without joining a pool. 
Mining bitcoin yes this would be correct.  LTC difficulty is much lower and your numbers are definitely off...with that said i do agree it would take a very long time to get your own block.  Pool mining is definitely the way to go.


Thanks I missed that point.  Doesn't "the market" factor that in and make LTC cheaper by exactly the factor that it is easier to mine?
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!