anyone know of a guide to mine solo with the rigs? id like to try a lesser sha coin than mining on cex i hvae the wallets ready is it just the same as solo gup or eruptor mining. open wallet with allow ip 127.0.0.1 port 1234 and just point miner at the same?
You have to set the config file for the wallet you want to mine to, with those settings.
When you install a wallet, and run it to get "caught-up"... after it has caught-up, you need to locate the folder where the "wallet.dat" file is, and create an appropriate config file, which will not be created for you. (Wallets are setup, by default, to listen on a specific port-number, I assume on the loopback IP of 127.0.0.1 or 0.0.0.0)
For example... If you mined BITCOIN solo...
The folder containing the wallet.dat on windows 7 would be here...
"C:\Users\*YourLoginName*\AppData\Roaming\bitcoin\"
In that folder, you need to make a new file (text file), that you save as "bitcoin.conf" (this changes per wallet, but you can force any name you want, from launch-switches for the wallet)
In that file, you need settings like this...
splash=0
server=1
gen=0
testnet=0
daemon=1
maxconnections=100
listen=1
rpcuser=SomeNameForYourMiners
rpcpassword=SomePasswordForYourMiners
rpcallowip=*
rpcport=1234
You appropriately launch the miner, with similar settings for NAME and PASS.
If you wallet is not connecting, it may not be "using" the configuration file. You create a shortcut on your desktop to the wallet, and change the "TARGET", to look like this...
"C:\Program Files (x86)\bitcoins\bitcoin-qt.exe" -conf=bitcoin.conf
It is the end-part that you add "-conf=bitcoin.conf", the rest should already be there. That tells the wallet to launch with that conf file.
You can make all your wallets launch with similar settings... However, you can not launch more than one wallet at a time, because it will have conflicts listening to the same port-numbers. To mine another coin, you just shut-down your miner, shut down the wallet, then launch another wallet, and then fire-up the miners again. (You must shut-down the miners first, or the wallet will not actually shut-down, it will stay stuck running invisibly in the background. You would have to use TASKMANAGER "CTRL + ALT + DEL", to kill the other wallet, before firing-up a new wallet.)
If you want to use many wallets, having them all open at once, they all have to have a unique port-number. Then you can just launch a BAT file to connect to the different wallets, which is just changing the port-number that the miner points to. (That is how a multi-pool works, or a "crypto-switcher". It just changes the port-forward-number to the "most valuable coin of the minute".)
When it comes to actually solo-mining for "long term gains"... You want to sort-of ignore the "price now", as you will never get that price "later". You want to focus on the DIFFICULTY. You want a coin that has low difficulty, so low, that when you mine it, you force the price higher just by mining it. that is called "choking the rewards". Just prior to that, you actually want to buy a bunch of cheap coins... Then, mine it steady for at-least a month or two, which should cause the price to rise. If not, be patient, someone will pump it for you. You have to remember, by you raising the diff, you are making those other guys earn less coins per day, so they HAVE to ask for higher prices, eventually. But that only works if you stay steady on the coin. If you leave, they are back to earning more coins that can be sold cheaper. That is why pool-hopping programs all fail. They are the reason they never actually get the value they THINK they are mining for. Because, in the future, they just end-up getting less, from leaving the coin back in the hands of those who cashed-out, or because they cashed-out, driving the value down and the diff up, which caused the steady miners to leave.
That is why BTC constantly rises, because diff constantly rises. It does not usually go down at all. This is what keeps the "floor" higher and higher and the peaks higher and higher, exponentially by a factor of 10. (Thus the next linear-exponential peak is $10,000/BTC, but it will fall short of that target. Because in reality, it is actually going down in value. Thus it will hit only about $8,000 to $6,000, for a loss of $2/$4-thousand on this next projected high.)
You really have to look at a logarithmic chart, from the earliest date, to see that this low of $450-$350 is "normal", and to see the next "peak", which had NOTHING to do with any news or even with GOX. BTC is as normal as it has been since the day it started. Predictable and damn near linear in habit.
NOTE: This chart should come-up as LOG scale... But you may have to "refresh" once it loads. Seems to fall-back to linear-scale for some reason.
http://bitcoincharts.com/charts/bitstampUSD#tgTzm1g10zm2g25zvzlWhat are you looking at? That is the whole history of BitStamp's USD value. (If you don't see a pattern there, you really need to stop investing. A bitcoin year is not the same as a physical year. It is a little shorter. The next HIKE to the peak of about $10,000-$6,000 should start within a few weeks, take about a month to get there, and then settle back down to a smaller second long peak/hump of about $4,000, and then a third wave of $1200-$800, before the next years peak of $40,000/BTC begins. Falling way short of the projected $100,000/BTC mark. Though, it could just as well hit $12,000 this season, and $150,000/BTC the following season. It depends how much more interest grown in BTC. In any event, we have about 6 more seasons before BTC finally reaches a "I'm not paying that much for a BTC", plateau of stable rise. It will just not rise as high in those years, but also not fall as low as before, in those years. But that is a long way away.)
