ttyson (OP)
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Activity: 5
Merit: 0
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May 01, 2014, 12:09:36 PM Last edit: May 01, 2014, 10:23:51 PM by ttyson |
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Dear fellow miners,
That in and of itself is not a big deal. What is rather cool however, is that I'm mining with a single Block Erupter that I bought on eBay for $300. My hash rate hovers around 38 Gh/s. That means of the current Total Hash Rate of 55,000 TH/s or so, I represent a scant 0.069091%. I didn't just find a block, I crushed it with a share value of 15.6G. Was I solo mining? Hell no. I'm contributing a minuscule amount of work to the Eligius pool. Nevertheless, there is my block. Height 298,562. See? Lightning can and does strike. If any of you feel bad about the fact that earned +0.00016263 BTC instead of 25 BTC for my efforts, my address is 19cK8nHieqXxZbWoYFSdSgm2Q3Cb5CEPN6 Donations welcome!!
Happy Mining!, Tony
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TheRealSteve
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May 01, 2014, 12:25:14 PM |
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At some point these low hash rate devices really work well in the margins of any pool (eventually rounding errors will mean zero payout), and you're better off with the solo mine Still, congrats!
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Crossbow376
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May 01, 2014, 01:52:48 PM |
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At some point these low hash rate devices really work well in the margins of any pool (eventually rounding errors will mean zero payout), and you're better off with the solo mine Still, congrats! At some point, it will be not profitable to run those those low hashrate (low efficiency) miners, no matter you are pool mining or solo mining, unless you have free electricity.
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Equate
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May 01, 2014, 02:07:04 PM |
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At some point these low hash rate devices really work well in the margins of any pool (eventually rounding errors will mean zero payout), and you're better off with the solo mine Still, congrats! At some point, it will be not profitable to run those those low hashrate (low efficiency) miners, no matter you are pool mining or solo mining, unless you have free electricity. If BTC price doesn't rise then that some point will be coming soon
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DeboraMeeks
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May 01, 2014, 02:09:17 PM |
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Congrats, if only you had been solo mining..
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pabpete
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May 01, 2014, 02:51:29 PM |
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Play the mining lottery everyone!
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hulk
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May 01, 2014, 03:12:51 PM |
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Congrats, at first I though you were solo mining until I read the full post. So nothing happen and you should continue to mine in the pool.
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gagalady
Legendary
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Activity: 938
Merit: 1000
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May 01, 2014, 03:13:46 PM |
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Congratulations for finding your first block If I'm correct? If you just been solo mining But don't worry this is still a good achievement in your Bitcoin mining journey
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dmeter
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May 01, 2014, 03:38:41 PM |
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i dont say anything look picture
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TheRealSteve
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May 01, 2014, 04:03:42 PM |
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i dont say anything look picture
200Ghash/s - that's only, oh, 600 times faster than a Block Erupter Still, pretty lucky!
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C.Steven
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May 01, 2014, 04:53:18 PM |
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Wow, you were incredibly lucky for finding 2 blocks with a GPU in 2013.
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Jcw188
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May 01, 2014, 04:56:49 PM |
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That's the price you pay for mining in the pools. You could have risked it, and found the block with a large payout, but PROBABLY never gotten anything in 50 years. So it is cool, but you might as well stay in the pool since that was probably the one block you'll find in your lifetime. And I doubt anyone will "donate" to you, not sure why they would?
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████▄██████████▄ ███▄████████████ ▄███▀ ████ ████ ████ ▀███▄ ███▀████████████ ████▀██████████▀ |
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| | | | | | . Listed on
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lif3
Newbie
Offline
Activity: 37
Merit: 0
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May 01, 2014, 06:03:12 PM |
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wow, I want to get back into this lottery now XD
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Mobius7
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May 02, 2014, 12:28:00 AM |
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That in and of itself is not a big deal. What is rather cool however, is that I'm mining with a single Block Erupter that I bought on eBay for $300. My hash rate hovers around 38 Gh/s. That means of the current Total Hash Rate of 55,000 TH/s or so, I represent a scant 0.069091%. I didn't just find a block, I crushed it with a share value of 15.6G. Was I solo mining? Hell no.
Congrats for finding a block. Don't feel bad about doing pool mining, as it is exactly working as intended "share the luck, lower the variance"
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Gyfts
Legendary
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Activity: 2828
Merit: 1516
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May 02, 2014, 01:20:20 AM |
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Congratulations man. Pretty impressive stuff but solo mining probably is better.
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Bitcoin Magazine
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May 02, 2014, 02:42:12 AM |
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Dear fellow miners,
That in and of itself is not a big deal. What is rather cool however, is that I'm mining with a single Block Erupter that I bought on eBay for $300. My hash rate hovers around 38 Gh/s. That means of the current Total Hash Rate of 55,000 TH/s or so, I represent a scant 0.069091%. I didn't just find a block, I crushed it with a share value of 15.6G. Was I solo mining? Hell no. I'm contributing a minuscule amount of work to the Eligius pool. Nevertheless, there is my block. Height 298,562. See? Lightning can and does strike. If any of you feel bad about the fact that earned +0.00016263 BTC instead of 25 BTC for my efforts, my address is 19cK8nHieqXxZbWoYFSdSgm2Q3Cb5CEPN6 Donations welcome!!
Happy Mining!, Tony
i don't despise you, but only wizards deserve the 25/50 BTC.
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i am here.
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googlemaster1
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May 02, 2014, 11:48:38 PM |
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You did what most smalltime miners mining in a pool would love to have done, for no monetary reward in it whatsoever. You can always know that YOU mined that block. I have 2 TH/S and have not hit my own block yet. I mine on a pool, but that would be an exciting day for me, I'd probably remember that block number the rest of my life hahaha.
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BTC: 15565dcUp4LEWe6KYT7tawMHFRL4cBbFGN
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jonnybravo0311
Legendary
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Activity: 1344
Merit: 1024
Mine at Jonny's Pool
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May 03, 2014, 02:52:28 PM |
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You do remember it 297777 was mine.
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Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
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lqyd
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Merit: 0
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May 03, 2014, 03:44:06 PM |
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Grats! I'm starting to think people with low hashrates should just solo mine. Either you get nothing or you get 25 BTC! Better than making pennies in a pool.
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