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Author Topic: Is it still possible to solo mine a block?  (Read 2688 times)
BitcoinBarrel
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January 24, 2014, 01:47:51 AM
 #21

Yes it is still possible even on a CPU miner. But if you don't mine then it is not possible...



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Foysal
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January 24, 2014, 11:48:02 AM
 #22

The more hashing power applied to the network, the more invalid hashes are processed, so I think the chances of a solo miner finding a valid hash are higher as difficulty increases. Thoughts?

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Meuh6879
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January 24, 2014, 02:14:35 PM
 #23

My question is this: Is it theoretically possible, even if extremely unlikely, that a setup like this can solve a block?

No ... even with my 12GH/s, i don't have solve a block since it has started.
I push 50% of time on pool and 50% on solo mining (not to find but to help transaction fluidity).
Foysal
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January 24, 2014, 02:45:20 PM
 #24

My question is this: Is it theoretically possible, even if extremely unlikely, that a setup like this can solve a block?

No ... even with my 12GH/s, i don't have solve a block since it has started.
I push 50% of time on pool and 50% on solo mining (not to find but to help transaction fluidity).

But that just means you haven't been lucky enough to find a block going solo? Doesn't mean you won't be able to.

There's every chance for a new solo miner to switch their HW on and find a block straight away, unlikely, but possible. Just depends on how lucky you are.

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January 24, 2014, 06:35:06 PM
 #25

I thought about mining solo. Did a lot of research. I am a small time miner and probably will not make my investment back, but it is fun and I decided to go ahead and join a pool. At this late stage in the game for Bitcoin mining, that seems to be the best place. There is no competing with the big dogs with heavy duty mining gear, but the small guy is important too. So find yourself a decent pool and jump in and have some fun and learn something. At least in a pool you will see a little something for your participation. As for making some money, try to buy a Bitcoin once in a while, there is still room for profit.
jongameson
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January 25, 2014, 12:45:55 AM
 #26

i solo mine sometimes, and switch to a pool some other times.

i'm more worried about these constant HW errors from my block erupters.  something to worry about?
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January 25, 2014, 02:12:32 AM
 #27

From what I gather on mining, solo mining is mostly hit and miss. You're much better joining a pool to maximize your potential earnings.
Stevets (OP)
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January 25, 2014, 03:00:28 PM
 #28

Instead of all these explanations about profitability, I'll just answer: Yes, theoretically you can.

Thank you. That answers the question that I asked.
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January 26, 2014, 10:17:22 AM
 #29

What if the new 3 KNC Neptunes at 10 TH/s overclocked can find several solo blocks in 3 days?
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