My Bitax 1.22 TH Can it Mine the bloc ( lottery)

[HashRate Hero]

Hello Dear Community

I hope eveything is under control your side ; this Bitax screenshoot AXEOS is showing my statistics and to be clear i do as a hobby and a learning experience .....


Do you guys think that i can hit the bloc one day   ?


Is this 1 BITAX is suffisent ?  ( i mean to keep his chance every 10 min 24/24 7/7 )

I place the Machine near the modem...

Cheers !

[NotFuzzyWarm]

Do you guys think that i can hit the bloc one day  Grin ?

Statistically speaking, yes it is possible. Literally astromicaly improbable but still, possible.

Remember, regardless of how many chips are in a miner only ONE chip out of all the ones in it and all the other miners in the world spits out the correct value to solve a block. That said, even with a small miner it may find one in the next 10min or in the next few decades (or longer).

[HashRate Hero]

Do you guys think that i can hit the bloc one day  Grin ?

Statistically speaking, yes it is possible. Literally astromicaly improbable but still, possible.

Remember, regardless of how many chips are in a miner only ONE chip out of all the ones in it and all the other miners in the world spits out the correct value to solve a block. That said, even with a small miner it may find one in the next 10min or in the next few decades (or longer).

I know this is not going to happen soon or i can say NEVER  to be realistic .... but maybe that is what life is about : Work Smart + Target your effort , ( AWAY OF MINNING which is a Lottery ) 


We can still hope that luck will smile one day maybe today 

[philipma1957]

Hello Dear Community

I hope eveything is under control your side ; this Bitax screenshoot AXEOS is showing my statistics and to be clear i do as a hobby and a learning experience .....


Do you guys think that i can hit the bloc one day   ?


Is this 1 BITAX is suffisent ?  ( i mean to keep his chance every 10 min 24/24 7/7 )

I place the Machine near the modem...

Cheers !

you can do it , but it is more likely you do not.

whatever you do do not buy more bitaxes or hash rate.

simple run this one till it breaks. then get something bigger.

[FP91G]

Hello Dear Community

I hope eveything is under control your side ; this Bitax screenshoot AXEOS is showing my statistics and to be clear i do as a hobby and a learning experience .....

You're doing the right thing. If you're constantly busy with your own business and don't buy home mining devices, you're simply handing over your chances of winning to other miners.

Don't be a bystander to other people's victories; buy a few more mining devices

[Nexus9090]

The odds are stacked against the home miner. But it's never zero.

Its called lottery mining for a good reason, the odds are about as good as winning the lottery.


With a 1.2TH/S bitaxe the odds are

Per block : 1 in 876,041,667
Per Day : 1 in 6,083,623


Have a look here for odds https://solochance.com/

As the saying goes, you've got to be in it to win it.

Doing nothing guarantees you won't win.

However, playing the game with a small miner, you're always in with that in a million chance and people do and have won with small home miners.

Good luck!

[HashRate Hero]

you can do it , but it is more likely you do not.

whatever you do do not buy more bitaxes or hash rate.

simple run this one till it breaks. then get something bigger.

 
I just let it run and sometimes when i have difficulties in my work   i watch the stats and hope

Hello Dear Community

I hope eveything is under control your side ; this Bitax screenshoot AXEOS is showing my statistics and to be clear i do as a hobby and a learning experience .....

You're doing the right thing. If you're constantly busy with your own business and don't buy home mining devices, you're simply handing over your chances of winning to other miners.

Don't be a bystander to other people's victories; buy a few more mining devices

Thanks for support   i will likeky keep this one and try to move on other projects  ... maybe the chance will smile one day  

The odds are stacked against the home miner. But it's never zero.

Its called lottery mining for a good reason, the odds are about as good as winning the lottery.


With a 1.2TH/S bitaxe the odds are

Per block : 1 in 876,041,667
Per Day : 1 in 6,083,623


Have a look here for odds https://solochance.com/

As the saying goes, you've got to be in it to win it.

Doing nothing guarantees you won't win.

However, playing the game with a small miner, you're always in with that in a million chance and people do and have won with small home miners.

Good luck!

I reallly appreciate your words   it s about luck here and i prefer that compared to buy big machines 200 th and have a regular income even if sun is shining where i live but there are maybe difficulties here including LAW and taxes Impotation of minning material ..... maybe it is going to improve soon abd i m still waiting ..

simple run this one till it breaks. then get something bigger.


What do you mean   i have no chance at all ?


I mean i know it s likely not going to happen but a 0,0000015 chance  maybe finally it is a chance + some setup features like good ping ( i use optical fiber) and i will just say yes i m playing my chance every 10 Min  

[BitMaxz]

What do you mean   i have no chance at all ?

I mean i know it s likely not going to happen but a 0,0000015 chance  maybe finally it is a chance + some setup features like good ping ( i use optical fiber) and i will just say yes i m playing my chance every 10 Min  

The chances from that site are just a calculation, but there are times when you can hit a block tomorrow despite having only a slim chance. I've always heard that some lottery miners win a block in two weeks or a month. So you don't need to calculate your chances because if you're lucky, you might hit a block within a month.

Keep in mind that "ping" will not increase your chances of hitting a block, but having larger units or adding more units will.

[HashRate Hero]

What do you mean   i have no chance at all ?

I mean i know it s likely not going to happen but a 0,0000015 chance  maybe finally it is a chance + some setup features like good ping ( i use optical fiber) and i will just say yes i m playing my chance every 10 Min  

The chances from that site are just a calculation, but there are times when you can hit a block tomorrow despite having only a slim chance. I've always heard that some lottery miners win a block in two weeks or a month. So you don't need to calculate your chances because if you're lucky, you might hit a block within a month.

Keep in mind that "ping" will not increase your chances of hitting a block, but having larger units or adding more units will.

I think that we agree on the fact that it remains a lottery , with Bitax or Larger Avalon or a FARM , If you are lucky you will find the block within minutes or Hours ( the majority would not in their entire life , BUT IT S OK SCINCE I DO IT AS A WAY TO LEARN AND DISCOVER MORE ASPECTS OF CRYPTO WORLD ....

I See it like that ... Good luck all  Anything Can Happen  

[Nexus9090]

What do you mean   i have no chance at all ?

I mean i know it s likely not going to happen but a 0,0000015 chance  maybe finally it is a chance + some setup features like good ping ( i use optical fiber) and i will just say yes i m playing my chance every 10 Min  

The chances from that site are just a calculation, but there are times when you can hit a block tomorrow despite having only a slim chance. I've always heard that some lottery miners win a block in two weeks or a month. So you don't need to calculate your chances because if you're lucky, you might hit a block within a month.

Keep in mind that "ping" will not increase your chances of hitting a block, but having larger units or adding more units will.

I've been solo mining for nearly 5 years, so I guess I have no luck by your metrics!

[philipma1957]

What do you mean   i have no chance at all ?

I mean i know it s likely not going to happen but a 0,0000015 chance  maybe finally it is a chance + some setup features like good ping ( i use optical fiber) and i will just say yes i m playing my chance every 10 Min  

The chances from that site are just a calculation, but there are times when you can hit a block tomorrow despite having only a slim chance. I've always heard that some lottery miners win a block in two weeks or a month. So you don't need to calculate your chances because if you're lucky, you might hit a block within a month.

Keep in mind that "ping" will not increase your chances of hitting a block, but having larger units or adding more units will.

I've been solo mining for nearly 5 years, so I guess I have no luck by your metrics!

i have not hit a solo block in last ten years.

but i have hit a few back in the day.

[BitMaxz]

I've been solo mining for nearly 5 years, so I guess I have no luck by your metrics!

That's why it works like a lottery. If you buy a lottery ticket every day for almost 5 years, I believe that's normal. My father bought lottery tickets every single day for 12 years but never won the jackpot.
However, other people were able to win a jackpot despite only starting to buy tickets a week ago.

[HashRate Hero]

i have not hit a solo block in last ten years.

but i have hit a few back in the day.

Sure   one interesting thing about that is that  if you ASK ( even IA on that  )  they will for sure Advice you to shut your mouth lol   ...... I mean other jobs are incompared to Finding a BTC Bloc especially before 2028 ....

[Nexus9090]

What do you mean   i have no chance at all ?

I mean i know it s likely not going to happen but a 0,0000015 chance  maybe finally it is a chance + some setup features like good ping ( i use optical fiber) and i will just say yes i m playing my chance every 10 Min  

The chances from that site are just a calculation, but there are times when you can hit a block tomorrow despite having only a slim chance. I've always heard that some lottery miners win a block in two weeks or a month. So you don't need to calculate your chances because if you're lucky, you might hit a block within a month.

Keep in mind that "ping" will not increase your chances of hitting a block, but having larger units or adding more units will.

I've been solo mining for nearly 5 years, so I guess I have no luck by your metrics!

i have not hit a solo block in last ten years.

but i have hit a few back in the day.

Must be nice to find a block and reap the rewards!

I started tinkering with mining back around 2014, I only had about 10's GH/s with few Antminer U2's back then and it was all pointed at Slush's pool as PPLNS, that earned me the most I've ever had out of Bitcoin.

I only started tinkering with Solo back around 2020/21 in the midst of the pandemic and only really committed to it in 2023 when I bought a load of Gekko Compac F sticks which all progressively died.

Now I'm running a few boards of my own design with a mix of BM1397 and BM1362 which nets around 5TH/s, 7 Bitaxe Gamma's which I'm going to decommission soon as a friend is buying the lot from me and currently one NerdOctAxe Gamma for a grand total of around 24TH/s all pointed at solo mining.

I'll be adding one or two more NerdOctAxes later this year to replace the Bitaxes. Once that's done I think I'll just set it all back up in the garage and forget about it.

I think that'll probably be the last money I spend on solo mining set-up, Its been fun but I think with the difficulty as it is the odds really are stacked heavily against home mining.

[HashRate Hero]

I see my Bitax Gamma 601 as a low-cost ticket that supports the network + that gives me Opportunity to learn ... While the math says the odds are astronomica  


I am mostly focused on underclocking and efficiency to that be sure the hardware lasts as long....I believe that For those of us in the TH/s range, it’s less about the ping and more about the uptime.

[Nexus9090]

I see my Bitax Gamma 601 as a low-cost ticket that supports the network + that gives me Opportunity to learn ... While the math says the odds are astronomica  


I am mostly focused on underclocking and efficiency to that be sure the hardware lasts as long....I believe that For those of us in the TH/s range, it’s less about the ping and more about the uptime.

Actually it just boils down to number of shares submitted in a given time. The clock on that resets every time a block is found. Which is why high hash rate is important.

But, if you're just playing the long odds game, which is what solo is. Plug it in and forget about it is probably the best policy.

One thing I'm sure of with all Bitaxes if you want reliability is replace the thermal paste immediately; the stock stuff they ship with typically is totally useless.

I use Arctic MX-4, Noctua NT-H1 and on my OctAxe I'm using Arctic MX-7

The MX-7 has proven to be the best of the lot so far in terms of thermal performance, for longevity ask me again in a couple of years!

[HashRate Hero]

I see my Bitax Gamma 601 as a low-cost ticket that supports the network + that gives me Opportunity to learn ... While the math says the odds are astronomica  


I am mostly focused on underclocking and efficiency to that be sure the hardware lasts as long....I believe that For those of us in the TH/s range, it’s less about the ping and more about the uptime.

Actually it just boils down to number of shares submitted in a given time. The clock on that resets every time a block is found. Which is why high hash rate is important.

But, if you're just playing the long odds game, which is what solo is. Plug it in and forget about it is probably the best policy.

One thing I'm sure of with all Bitaxes if you want reliability is replace the thermal paste immediately; the stock stuff they ship with typically is totally useless.

I use Arctic MX-4, Noctua NT-H1 and on my OctAxe I'm using Arctic MX-7

The MX-7 has proven to be the best of the lot so far in terms of thermal performance, for longevity ask me again in a couple of years!

Fair enough  

Even i see the all thing as " maybe luck will smile one day " but not as a must !

As said by

philipma1957: simple run this one till it breaks. then get something bigger

. Totally agree .....


This is the correct mindset ,,,,, and maybe with another circuits or machines we can make real daily profit , there is a lot , Trust yourself only

[FP91G]

I see my Bitax Gamma 601 as a low-cost ticket that supports the network + that gives me Opportunity to learn ... While the math says the odds are astronomica  


I am mostly focused on underclocking and efficiency to that be sure the hardware lasts as long....I believe that For those of us in the TH/s range, it’s less about the ping and more about the uptime.

Actually it just boils down to number of shares submitted in a given time. The clock on that resets every time a block is found. Which is why high hash rate is important.

But, if you're just playing the long odds game, which is what solo is. Plug it in and forget about it is probably the best policy.

One thing I'm sure of with all Bitaxes if you want reliability is replace the thermal paste immediately; the stock stuff they ship with typically is totally useless.

I use Arctic MX-4, Noctua NT-H1 and on my OctAxe I'm using Arctic MX-7

The MX-7 has proven to be the best of the lot so far in terms of thermal performance, for longevity ask me again in a couple of years!

Have you tried saving money with GD007 and GD2?
It'll be much cheaper even if you change the thermal paste twice as often.
GD2 thermal paste is almost as good as MX-4 in tests, and it's inexpensive. GD2 thermal paste performs slightly worse than MX-7 in tests, but it's still worth using in other devices that don't require high-conductivity thermal paste.

[Nexus9090]

I see my Bitax Gamma 601 as a low-cost ticket that supports the network + that gives me Opportunity to learn ... While the math says the odds are astronomica  


I am mostly focused on underclocking and efficiency to that be sure the hardware lasts as long....I believe that For those of us in the TH/s range, it’s less about the ping and more about the uptime.

Actually it just boils down to number of shares submitted in a given time. The clock on that resets every time a block is found. Which is why high hash rate is important.

But, if you're just playing the long odds game, which is what solo is. Plug it in and forget about it is probably the best policy.

One thing I'm sure of with all Bitaxes if you want reliability is replace the thermal paste immediately; the stock stuff they ship with typically is totally useless.

I use Arctic MX-4, Noctua NT-H1 and on my OctAxe I'm using Arctic MX-7

The MX-7 has proven to be the best of the lot so far in terms of thermal performance, for longevity ask me again in a couple of years!

Have you tried saving money with GD007 and GD2?
It'll be much cheaper even if you change the thermal paste twice as often.
GD2 thermal paste is almost as good as MX-4 in tests, and it's inexpensive. GD2 thermal paste performs slightly worse than MX-7 in tests, but it's still worth using in other devices that don't require high-conductivity thermal paste.

To be honest, no I've not and given the results I've seen with MX-7 there's not much going to persuade me to switch from it. Also, the last 8g tube of the stuff I bought will last me a long time.

IMHO, Its worth the extra money to be certain you've got a product that's going to work.

These Asian branded thermal pastes are probably fine, but I just dont trust the quality control at least with Arctic they have a brand name to defend in a hostile PC market place, so they'll do what they can to be the best.

[FP91G]

I see my Bitax Gamma 601 as a low-cost ticket that supports the network + that gives me Opportunity to learn ... While the math says the odds are astronomica  


I am mostly focused on underclocking and efficiency to that be sure the hardware lasts as long....I believe that For those of us in the TH/s range, it’s less about the ping and more about the uptime.

Actually it just boils down to number of shares submitted in a given time. The clock on that resets every time a block is found. Which is why high hash rate is important.

But, if you're just playing the long odds game, which is what solo is. Plug it in and forget about it is probably the best policy.

One thing I'm sure of with all Bitaxes if you want reliability is replace the thermal paste immediately; the stock stuff they ship with typically is totally useless.

I use Arctic MX-4, Noctua NT-H1 and on my OctAxe I'm using Arctic MX-7

The MX-7 has proven to be the best of the lot so far in terms of thermal performance, for longevity ask me again in a couple of years!

Have you tried saving money with GD007 and GD2?
It'll be much cheaper even if you change the thermal paste twice as often.
GD2 thermal paste is almost as good as MX-4 in tests, and it's inexpensive. GD2 thermal paste performs slightly worse than MX-7 in tests, but it's still worth using in other devices that don't require high-conductivity thermal paste.

To be honest, no I've not and given the results I've seen with MX-7 there's not much going to persuade me to switch from it. Also, the last 8g tube of the stuff I bought will last me a long time.

IMHO, Its worth the extra money to be certain you've got a product that's going to work.

These Asian branded thermal pastes are probably fine, but I just dont trust the quality control at least with Arctic they have a brand name to defend in a hostile PC market place, so they'll do what they can to be the best.

I've been using GD thermal paste for over 10 years now and see no difference between it and Arctic MX-4. Arctic MX-7 claims a lifespan of up to 8 years, but I usually do a full cleaning and remove the heatsinks one to three years after the warranty expires, and then do the same every 12-18 months on such devices.
So I don't want to pay more for something I don't use.