TheRealSteve
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May 11, 2014, 12:18:55 AM |
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Yeah so technically you havent found a block. The pool has and you would of likely not found the same block solo. It was a team effort I'm afraid. You are correct that they would not have found that same block, since they're not the originator of that block, but I think you're mistaken in the 'team effort part'. Technically, they did find that block. They way it works (roughly) is that the pool effectively collects the transactions and creates the block to be solved, that block includes the information on where payment should go (to the pool). Each individual miner at a pool tries to solve that block, submitting solutions that fall within the pool's accepted range (for share counting). If a miner happens to have a solution that not only falls within the pool's accepted range, but the network's accepted range (i.e. solved the block), that's when the network broadcasts it to collect the reward. The odds of a miner solving a block at a pool is pretty much just as good as when mining solo (assuming the same parameters - i.e. some coins have different difficulties and you can often configure things at the pool to get more difficult blocks if you've got a fast miner, yielding a higher payout to you). It's just that with the low odds, it's often better to mine at a pool and get a relatively steady fractional reward than it is to try solo mining - until the odds get so bad that said fraction at a pool is negligible and you really might as well solo mine if you can stand to burn the electricity. A 'team effort' would involve each miner contributing a small part of the solution, and that's just not how Bitcoin mining works; Either you find a solution, or you don't. It's really an individual effort, just one that is hugely parallellized, which increases the odds for the group (and most importantly, the pool), but does nothing for the individual.
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PeterReid
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May 11, 2014, 01:47:07 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
The odds of finding a block solo without decent hash rate are pretty low. But if you like the Lotto then happy days.
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Icon
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May 11, 2014, 01:59:47 AM |
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I'd like to here a story of someone solo mining a block.
read first page of this OP i not only found 1 but 2 under a week SOLO mining.. Icon
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sgbett
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May 12, 2014, 09:59:43 AM |
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me toooooo 270578
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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PeterReid
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May 12, 2014, 08:57:33 PM |
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Shame it wasnt solo, 25 whole Bitcoins ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Icon
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May 12, 2014, 11:17:31 PM |
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Shame it wasnt solo, 25 whole Bitcoins ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) "No Inputs (Newly Generated Coins)" Correct me if i am wrong but that is solo.. that wasn't done by a pool mining Icon
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WayForward
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May 16, 2014, 04:40:57 AM |
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Mine something with low difficulty and you will see them all the time.
I generally wont think about solomining for blocks if the dif is past my threshold or a couple of hours.
But it was the best feeling ever to see my first block ever for any coin.
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gtraah
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May 16, 2014, 04:53:27 AM |
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You know what I may just chuck something on and let it mine away and just forget about it for the next year or so and come back to see what happen ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Never know Whats the cheapest semi-ok little miner that doesnt use toooo much power.. 50gh will do Any usb do this"?
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TheRealSteve
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May 16, 2014, 11:20:08 AM |
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Never know Whats the cheapest semi-ok little miner that doesnt use toooo much power..
50gh will do Any usb do this"?
None of the small form factor ones, you'd have to get one that requires a dedicated external power supply. If you want to stay with the small miners, then... The hex•fury and NF6 would be your best bet for raw power at hash rates between 10Ghash/s and 14Ghash/s (and both practically need a powered USB hub), but have prices to match (NF6 not yet commercially available). The Antminer U2 is your best bet for getting decent hashing power for cheap and can be bought just about anywhere. The Block Erupter USB is your best bet for low cost ($5), but they have very low hash rates. The Twin Chip Fury is probably the best 'middle ground' one, decent hashing speed, reasonable power use, and available at several reputable stores. Check out the StickMiners thread for an overview.
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adaseb
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Up to 300% + 200 FS deposit bonuses
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May 25, 2014, 10:37:50 AM |
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I know what you mean. I had the same situation happen. Mining for a few days and found a block and then a week or two later found another block.
Grrr. I actually wish I never knew it was me.
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kuusj98
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May 25, 2014, 10:50:51 AM |
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Congrats bro! Back in the day when you got loads of BTC with a CPU 2 years back i'd take the gamble and went solo, now it's just not possible anymore, or very hard to do ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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glen123
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May 25, 2014, 10:51:37 AM |
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Hi ! hooooooooooooooollllllllllllllllllllyyyyyyyyyy shit ;-) But i am sitting infront of the Computer with sweating Hands cause i try mine solo with bitsolo.net and i found one . I really hope this site isnt scam . I know that a have to mine solo with my wallet and i was only looking at google for an howto, the i found the site Pressing fingers for me that i get the payout ! Take a look here : https://www.dropbox.com/s/bs842b73s7ovnoa/bitsolo.jpgA real solo Mined Block after 5 mins starting , thats Lottery Luck Greetings Glen
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TheRealSteve
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May 25, 2014, 02:39:33 PM |
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Looks like a glitch, even though it says a block was found, the share appears to be too low. Try updating to the latest cgminer.
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dailey123
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May 25, 2014, 11:02:40 PM |
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i never found a block solo mining only in pools with my 1x7970
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Taras
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May 28, 2014, 10:41:55 PM |
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If someone finds a block for a pool, they should not feel taken advantage of. If they were solo mining instead, they wouldn't have won the block because the bitcoin address used to receive the new bitcoins would be replaced and therefore produce a completely different merkle root, meaning a completely different block hash. A hash with a bunch of leading zeroes for one payout address would become just another boring hash for a different payout address.
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iglasses
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May 29, 2014, 01:30:28 PM |
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After mining since last November, now throwing 2+Ths into the network I found one! Happened sometime in last 12 hours but I'm not even sure what device found it yet. Wild.
BestShare 427,176,762,040
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I only have a signature because I'm allowed.
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DolanDuck
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May 29, 2014, 04:00:29 PM |
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Yep if you have only a couple of block erupters you should solo mine, the probability of finding a block is like winning at the lottery, but if you win, you win high.
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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snaildvorak
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 05, 2014, 07:38:03 AM |
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I thought you were solo mining! I know that feel bro ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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Bitcoin Magazine
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2014, 02:35:47 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
Your on my good list. U get 50 btc
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i am here.
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