Bitcoin Forum
December 08, 2016, 12:20:27 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How to Mine Solo?  (Read 4102 times)
st4rdust
Full Member
***
Offline Offline

Activity: 188



View Profile
July 07, 2011, 09:15:23 PM
 #1

I've looked all over for information on how to do this but surprisingly there isn't much information on solo mining aside from deterrents saying what a waste of time it is. For those of us who want to play the lottery, how does one set up miners to solo? Instead of a mining pool's host address and port, and your username and password, what replaces all of that server info with solo info?

If you should choose to pity me -14GLjCUE7ohxRLvwZD2sfjKjf22Lt3UHip
1481156427
Hero Member
*
Offline Offline

Posts: 1481156427

View Profile Personal Message (Offline)

Ignore
1481156427
Reply with quote  #2

1481156427
Report to moderator
1481156427
Hero Member
*
Offline Offline

Posts: 1481156427

View Profile Personal Message (Offline)

Ignore
1481156427
Reply with quote  #2

1481156427
Report to moderator
1481156427
Hero Member
*
Offline Offline

Posts: 1481156427

View Profile Personal Message (Offline)

Ignore
1481156427
Reply with quote  #2

1481156427
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Nobu
Newbie
*
Offline Offline

Activity: 15


View Profile
July 07, 2011, 09:26:19 PM
 #2

You have to run bitcoind with some settings for a username and password, and set your miner to connect to localhost (or 127.0.0.1) with that username and password.

Alternatively, you can run bitcoin or bitcoind with a flag telling it to mine coins itself, but I don't know how efficient it is.

I think there are more detailed instructions on the bitcoin wiki, but I can't remember where, at the moment. You could try running bitcoin with the --help (or possibly /help, if you're on Windows) flag in a terminal/command prompt, and it should tell you all the options and what they're for.

Donations, tips: 1Ac4ERXJoQbLrgaTCphrFtcFiExGkfEYNZ
XMPP IM: Nobu@jabber.org
Mining "rig": cgminer on an Athlon64 X2 2Ghz, ~1.8MHash/s
r3v3rs3
Newbie
*
Offline Offline

Activity: 22


View Profile
July 07, 2011, 09:46:06 PM
 #3

Get some machine running bitcoind/namecoind and put something like this in your bitcoind.conf:

rpcuser=user
rpcpassword=pw
rpcport=8332
rpcallowip=[put your miner's IPs/ranges here]
daemon=1
server=1

rpcuser and rpcpassword ofc have to be changed.

After dl'ing the blockchain, point your workers to the server's address using the username and password specified in your bitcoind.conf.

Example using phoenix/linux:

python phoenix.py -u http://rpcuser:rpcpw@server:port -k yourkernel DEVICE=x [additional flags]

btw. by using bitcoind's "generate coins" stuff, you're basically heating your room (aka CPU-mining). Wink
wizang
Newbie
*
Offline Offline

Activity: 10


View Profile
July 07, 2011, 10:32:17 PM
 #4

Unless you have some serious hashing power I don't see why you would do this. You are practically guaranteed to make more coins pooling except over a significant time scale in which your solo mining "luck" will average out with the amount you are getting from pooling. Even this is sort of a flawed way to look at it because difficulty is constantly changing so you are likely to get no reward at the lower difficulty level, thus screwing you even more.
SimplePanda
Newbie
*
Offline Offline

Activity: 14


View Profile
July 07, 2011, 10:45:28 PM
 #5

This has been said many times around the forums but basically unless you're going to throw a few GHash at the problem (multiple boxes with multiple modern GPU's) solo mining is probably not going to be profitable.

UNLESS...

a) You don't care how long it takes you just want the 50BTC for pride reasons.
b) You are happy depending on luck, as really this is what you're going to be using...
c) Your power is included with your rent (or you live with your parents / in a college form, etc). Mining draws power and mining solo with low hash rate likely means you'll burn more power than you'll generate in BTC. At the very least any value in BTC you generated will be reduced by your input power costs.
deepceleron
Legendary
*
Offline Offline

Activity: 1470



View Profile WWW
July 08, 2011, 04:44:28 PM
 #6

This has been said many times around the forums but basically unless you're going to throw a few GHash at the problem (multiple boxes with multiple modern GPU's) solo mining is probably not going to be profitable.

It is profitable, more so than mining in a pool, since even no-fee pools keep the transaction fees won. You just have to think very long term!

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!