Bitcoin Forum
July 16, 2018, 02:01:45 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Solo Mining  (Read 767 times)
dsheehanmining
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
February 23, 2017, 02:27:11 PM
 #1

How do people think solo mining can compete these days or is there even a future there for it?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1531706505
Hero Member
*
Offline Offline

Posts: 1531706505

View Profile Personal Message (Offline)

Ignore
1531706505
Reply with quote  #2

1531706505
Report to moderator
1531706505
Hero Member
*
Offline Offline

Posts: 1531706505

View Profile Personal Message (Offline)

Ignore
1531706505
Reply with quote  #2

1531706505
Report to moderator
unholycactus
Legendary
*
Offline Offline

Activity: 1078
Merit: 1021


https://reg-charity.org/


View Profile WWW
February 23, 2017, 09:21:01 PM
 #2

The global hash rate is so high nowadays that it becomes really hard to solo mine without experiencing high variance.
Difficulty will only rise over time and less people will be doing it. There isn't that many even right now.

-ck
Moderator
Legendary
*
Offline Offline

Activity: 2576
Merit: 1110


Ruu \o/


View Profile WWW
February 23, 2017, 09:28:09 PM
 #3

When you have no chance of ever recouping the purchase and electricity costs of your miners, solo mining will always provide the potential to more than recoup the costs and make a profit, no matter how high the difficulty gets. Great risk for potentially great reward.

Primary developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org 1% Fee Solo mining at solo.ckpool.org
-ck
philipma1957
Legendary
*
Offline Offline

Activity: 2156
Merit: 1264


Avalon 841 rocks


View Profile
February 23, 2017, 10:09:28 PM
 #4

ck is correct I point miners at his pool time to time.

cause you never know.

but I don't mine steady on his pool.

I think I got 3 solos with him since he started.

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.
lottery248
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


The Power of Love II


View Profile WWW
February 24, 2017, 02:45:03 AM
 #5

When you have no chance of ever recouping the purchase and electricity costs of your miners, solo mining will always provide the potential to more than recoup the costs and make a profit, no matter how high the difficulty gets. Great risk for potentially great reward.
+1, if you dare buying a several miners to attempt scratching a reward, although that method is unlikely getting you anything, when you found that block instead, could profit you a lot. anyway, i don't really recommend you to do solo mining, which has less profit guarantee. it is like gambling - your miner as stake.

out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will not be instantly responded
i am not really active for some reason
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!