Bitcoin Forum
December 04, 2016, 06:36:58 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Anyone making the move to solo mining?  (Read 6583 times)
coined
Full Member
***
Offline Offline

Activity: 176


View Profile
June 22, 2011, 04:42:39 PM
 #21

I stopped mining solo when it took over 48hours average per block, I should have stopped at 24h average I think.

also consider its quite stressful constantly checking your pc everyday for a block, and nothing... and nothing... just join a pool and forget about it  Smiley

the only thing that kept me solo that long was the thought I could get another "lucky day" and then join a pool before it balanced out with a 2 week dry spell  Grin

my original lucky day was 7 blocks in 1 day, I should only have been getting 1 block every 18-20hours(I think)
1480876618
Hero Member
*
Offline Offline

Posts: 1480876618

View Profile Personal Message (Offline)

Ignore
1480876618
Reply with quote  #2

1480876618
Report to moderator
1480876618
Hero Member
*
Offline Offline

Posts: 1480876618

View Profile Personal Message (Offline)

Ignore
1480876618
Reply with quote  #2

1480876618
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480876618
Hero Member
*
Offline Offline

Posts: 1480876618

View Profile Personal Message (Offline)

Ignore
1480876618
Reply with quote  #2

1480876618
Report to moderator
1480876618
Hero Member
*
Offline Offline

Posts: 1480876618

View Profile Personal Message (Offline)

Ignore
1480876618
Reply with quote  #2

1480876618
Report to moderator
1480876618
Hero Member
*
Offline Offline

Posts: 1480876618

View Profile Personal Message (Offline)

Ignore
1480876618
Reply with quote  #2

1480876618
Report to moderator
Synaesthesia
Member
**
Offline Offline

Activity: 86


View Profile
June 22, 2011, 05:03:37 PM
 #22

The problem is difficulty will increase in between you finding blocks and it's completely random, which I find infuriating! I'd rather pay 2% and get a regular income thanks.

I deal in Bitcoins: 1ANtpQH5UKKYrd9619VSSibL76uzjZGH1D
jjiimm_64
Legendary
*
Offline Offline

Activity: 1680


View Profile
June 22, 2011, 05:34:28 PM
 #23

I stopped mining solo when it took over 48hours average per block, I should have stopped at 24h average I think.

also consider its quite stressful constantly checking your pc everyday for a block, and nothing... and nothing... just join a pool and forget about it  Smiley

the only thing that kept me solo that long was the thought I could get another "lucky day" and then join a pool before it balanced out with a 2 week dry spell  Grin

my original lucky day was 7 blocks in 1 day, I should only have been getting 1 block every 18-20hours(I think)


350 btc in one day....  what was the difficulty then?

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw
coined
Full Member
***
Offline Offline

Activity: 176


View Profile
June 22, 2011, 06:18:50 PM
 #24

I cant remember the difficulty but I can work it out, been mining since late last year, and I remember when I first used my dual 5970 system getting 1.3Gh and the mining calculator telling me average block 16hours, the lucky 7 block day was after the 16hour average but before 24hour average, so I would estimate in the 18000~23000 range,

I was only doing it to get back some of my money for my rig after first reading about bitcoin and finding out 5970's(I already had 1) were ideal for these new gpu miners, had no idea the coins would hit $ parity, and beyond...

shackleford
Full Member
***
Offline Offline

Activity: 191


View Profile
June 22, 2011, 08:35:28 PM
 #25

I started solo a few weeks ago with a little over 2gh and got my first block 7 days later and nothing since. I figured now is the time to try solo because in a few months it will truly be too difficult to be solo. I am going to give it a few more weeks then probably go back to a pool. I just wanted to have a couple of uncirculated freshly minted 50BTC assigned to a never used BTC address.
relmeas
Full Member
***
Offline Offline

Activity: 125


View Profile
June 23, 2011, 05:37:11 AM
 #26

solo mining is like a gamble if you have low power rig.

basically with 0.5 GH you earn so little it makes little sense to bother at all. however if you try solo mining there is a chance to win 50 BTC in a week. very little chance but it does exist.

however i think it makes no sense in solo mining into client running as a server since it seems like it does not support long polling .. i guess i will have to setup a pool just for that.
Wuked
Member
**
Offline Offline

Activity: 112


View Profile WWW
June 23, 2011, 12:41:39 PM
 #27

Instead of Solo Mining perhaps you should try a smaller and more transparent pool ?

Over at mineco we've got a lot of like minded people who have close to 1GH/sec of hashing, and have some patience (ie we are happy to wait a few days for a block).

_s3v3n_
Member
**
Offline Offline

Activity: 110


View Profile
June 23, 2011, 02:13:55 PM
 #28

I just switched to solo mining this morning since I found 2 blocks (yesterday and early this morning) in a pool. I think the tides are on my side right now and will try my luck. Actually, last night I was already mining solo but suddenly changed my mind and switched back to pool. This morning when I woke up and look on my status, it's says one of my miners found a block! NAAHHH!!!!  Roll Eyes I would've earned a block if I didn't switched back to pool.

I'll give it 4 days for solo to find a block, if not, i'm switching back to pool.

I know this really doesn't mean anything, just talking about the odds and for the sake of luck which I feel it's on my side right now.

 Grin

RDD RjBUYX75fvQ1yeSDJPkuB5wU35etvZ9JES
Grinder
Legendary
*
Offline Offline

Activity: 1269


View Profile
June 23, 2011, 05:31:57 PM
 #29

This morning when I woke up and look on my status, it's says one of my miners found a block! NAAHHH!!!!  Roll Eyes I would've earned a block if I didn't switched back to pool.
No, you probably wouldn't. If you had been soloing you would have been hashing on completely different data.
SchizophrenicX
Full Member
***
Offline Offline

Activity: 126

"I'm not psychic; I'm just damn good"


View Profile
June 23, 2011, 08:01:17 PM
 #30

I've been mining a month now and hashing power have increased from 75 Mhash/s to around 4 Ghash/s on the same pool (Slush) and have yet to find a block on any of my miners.

Recently I've been quite confused. Are we suppose to appoint 1 worker/GPU or 1 work/machine or what. Cuz I've been getting 30% lower returns on slush than my expected returns from the calculator (and my own calculation).

Meatball
Sr. Member
****
Offline Offline

Activity: 322



View Profile
June 23, 2011, 08:42:49 PM
 #31

I've been mining a month now and hashing power have increased from 75 Mhash/s to around 4 Ghash/s on the same pool (Slush) and have yet to find a block on any of my miners.

Recently I've been quite confused. Are we suppose to appoint 1 worker/GPU or 1 work/machine or what. Cuz I've been getting 30% lower returns on slush than my expected returns from the calculator (and my own calculation).

You can do either, really makes no difference.  It's simpler to set up one worker per machine, but it gives you a bit more flexibility/control if you set them up by GPU.  I did GPU when I was in slush because I could bring up my status page on his site and get a quick status of all my GPU miner's and see if anything was down.

Though Slush' pool seems to be doing a bit worse lately, it's all relative.  No matter what anyone says, over the long term you'll see approximately the same returns whether you mine solo or pool (minus the fees the pool charges). 

What you shouldn't do is hop all over the place.  Don't solo for a few days and if you're not finding anything hop to a pool and then hop to another pool if the first one isn't doing well.  Doing that will hurt you.  The only way to have things balance out over the long term is to pick one route, go with it and just deal with the bad times and enjoy the good times.
_s3v3n_
Member
**
Offline Offline

Activity: 110


View Profile
June 23, 2011, 09:58:35 PM
 #32

This morning when I woke up and look on my status, it's says one of my miners found a block! NAAHHH!!!!  Roll Eyes I would've earned a block if I didn't switched back to pool.
No, you probably wouldn't. If you had been soloing you would have been hashing on completely different data.


I know but still I'll take the risk. 4 days would be 6 BTC lost on my current speed in pool mining so I can afford it.


RDD RjBUYX75fvQ1yeSDJPkuB5wU35etvZ9JES
Keichtech
Newbie
*
Offline Offline

Activity: 14


View Profile
June 24, 2011, 02:22:06 AM
 #33

At this point the only way I might go to solo mining is if the market crashes and 90% of the miners stop...
and I don't want that to happen.

Wallet # 13By599tiK1z2U3znaXoCtLYTJCfKcuoxd

If you found this post helpful or if you have any bitcoins that are lonely looking for a good home. I promise to treat them right and give them all the love and attention they need. Smiley
mg101
Newbie
*
Offline Offline

Activity: 24


View Profile
June 25, 2011, 01:06:09 AM
 #34

my original lucky day was 7 blocks in 1 day

Knew I jumped onto this bandwagon waaaay too late!

50 btc at a time is appealing, but running a single 6950, pulling 335-340 m/h so it's pooling for me!
Forp
Full Member
***
Offline Offline

Activity: 198


View Profile
August 07, 2011, 10:52:33 AM
 #35

+0.5

Decided to split my 1.5 GH/s between 50% solo and 50% pool.

My previous track record on pools was nice (I did two blocks). Now I will just split and walk down both roads.
STP
Jr. Member
*
Offline Offline

Activity: 33


View Profile
August 07, 2011, 02:46:57 PM
 #36

I started with 2 5970's back in mid June and using deepbit I found a block a couple weeks in. After my first couple weeks I blew one of my cards fans and was getting it RMA'd. Down to just one card and 700 mh/s I said screw it and did solo. 2nd day into solo mining and about 5mins before I shut down the system to replace the 2nd card and I found a block! I figured to not get killed by variance I would go back to the pool. I am up to 2.6Gh/s now and I have not found a block since.
teukon
Legendary
*
Offline Offline

Activity: 1246



View Profile
August 07, 2011, 07:10:01 PM
 #37

I mine solo with 730 MH/s.  The expected returns are equivalent to that of a 0% fee PPLNS pool which also pays out transaction fees.  The fact that difficulty changes more often than I expect to receive a block makes no difference to the expected returns.  I personally have no problem with the high variance (it's a bit like paying the lottery but where the tickets cost less than their expected value).

There are some considerable disadvantages to pool mining:
  • Server issues,
  • Centralisation,
  • Bad payout sharing methods (such as proportional).
J35st3r
Full Member
***
Offline Offline

Activity: 196



View Profile
July 03, 2013, 11:56:41 AM
 #38

what are the essential differences during setup?

Some recent posts here https://bitcointalk.org/index.php?topic=238089.0 and here https://bitcointalk.org/index.php?topic=245782.0

Definitive Avalon guide here https://bitcointalk.org/index.php?topic=158105.0 (by the first Avalon unit tester).

1Jest66T6Jw1gSVpvYpYLXR6qgnch6QYU1 NumberOfTheBeast ... go on, give it a try Grin
Pages: « 1 [2]  All
  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!