A interesting idea, mining lottery

[gadman2]

I'm sure I'm not even the 1000th person to think of this but I see the bitcoin reward as a lottery due to the fact that I cannot put forth thousands of dollars into mining equipment. Why wouldn't I invest in a 60$ usb asic and plug that bad boy in and hash away for a small chance a little over 12k USD. I mean the chance has to be -a lot- better than hitting the lottery such as the mega millions or powerball, right? If I'm doing the math right... Using a 11gh/s fury should solve me a block in ~110 years, give or take a few decades. If I was to buy 1 power ball ticket every day, I should win it in about 480064 years, give or take a few millennium.

My only problem is how does one solo mine? I'm still a wee bit new to mining and I don't understand it fully. How do you claim the current 25 btc reward? Does bitcoin knock on your door and say "hai you win coinz"? I'd assume not.

Let me know what tools, hardware and software, I should use to start this adventure and to help out the network with my small corner of the internet.

[gadman2]

No help? :-(

[Cryptixuk]

I think if you search there should be something to help. But you need to download the bitcoin client, and point your miner to it, can't remember the port so something like -o http:197.0.0.1:9333 -u (username) -p(any). I believe cgminer is should be good to do this

[gadman2]

I'm not understanding. Do you mean I have to download the bitcoin core?

I did read into cgminer but it never mentioned having to download anything other than... Cgminer lol.

[david123]

The straightforward way to solo-mine would be to have both the bitcoin client and cgminer running, and pointing
cgminer to the client (i.e. localhost). There should be plenty of tutorials out there.

That makes it a little impractical for lottery mining. Ideally you would want to run that from a raspberry pi,
so you need a big sd-card (even 32 gb will not be very future-proof, I guess) and a lot of patience when
setting up your lottery ticket..

[gadman2]

Indeed, I have patients. I was also looking into the raspberry pi as the base. They have SC cards going into the TB right now. I figure it would be okay for a while until something new comes out.

[gadman2]

I am still not able to figure this out with cgminer

Code:

SOLO MINING

Solo mining can be done efficiently as a single pool entry or a backup to
any other pooled mining and it is recommended everyone have solo mining set up
as their final backup in case all their other pools are DDoSed/down for the
security of the network. To enable solo mining, one must be running a local
bitcoind/bitcoin-qt or have one they have rpc access to. To do this, edit your
bitcoind configuration file (bitcoin.conf) with the following extra lines,
using your choice of username and password:

rpcuser=username
rpcpassword=password

Restart bitcoind, then start cgminer, pointing to the bitcoind and choose a
btc address with the following options, altering to suit their setup:

cgminer -o http://localhost:8332 -u username -p password --btc-address 111zg66kUCr2tMTrzdZRXoE3pQwmLAx9

Note the last line of the code is the actual line and address I'm trying to use.

This is the error I get: http://www.xolr.com/20140526043553641.png (if it even is an error)
I have bitcoin-qt running as it says. It is fully updated and has the full chain... Both cgminer and bitcoin-qt are ran as admin. I added he lines in bitcoin.conf as it said...

[Relnarien]

I am still not able to figure this out with cgminer

Code:

SOLO MINING

Solo mining can be done efficiently as a single pool entry or a backup to
any other pooled mining and it is recommended everyone have solo mining set up
as their final backup in case all their other pools are DDoSed/down for the
security of the network. To enable solo mining, one must be running a local
bitcoind/bitcoin-qt or have one they have rpc access to. To do this, edit your
bitcoind configuration file (bitcoin.conf) with the following extra lines,
using your choice of username and password:

rpcuser=username
rpcpassword=password

Restart bitcoind, then start cgminer, pointing to the bitcoind and choose a
btc address with the following options, altering to suit their setup:

cgminer -o http://localhost:8332 -u username -p password --btc-address 111zg66kUCr2tMTrzdZRXoE3pQwmLAx9

Note the last line of the code is the actual line and address I'm trying to use.

This is the error I get: http://www.xolr.com/20140526043553641.png (if it even is an error)
I have bitcoin-qt running as it says. It is fully updated and has the full chain... Both cgminer and bitcoin-qt are ran as admin. I added he lines in bitcoin.conf as it said...

Did you modify your bitcoin.conf file in the %Appdata%/Bitcoin folder? Your RPC username and password in the command line has to be the same one that you're using in your .conf file. (Change those to something less general and more unique while you're at it.) The coinbase address also needs to be one that you own. Make sure that your Bitcoin client is open, synched, running as a server and have coin generation toggled to true as well.

[-ck]

Bitcoin-qt "core" on windows no longer includes the rpc server to take commands like that unfortunately. It uses a separate binary.

See: https://bitcoin.org/bin/0.9.0/README.txt

Code:

Bitcoin-cli
-------------

Another change in the 0.9 release is moving away from the bitcoind executable
functioning both as a server and as a RPC client. The RPC client functionality
("tell the running bitcoin daemon to do THIS") was split into a separate
executable, 'bitcoin-cli'. The RPC client code will eventually be removed from
bitcoind, but will be kept for backwards compatibility for a release or two.

[gadman2]

Does this mean that bitcoin can't be solo mined anymore?

[-ck]

Does this mean that bitcoin can't be solo mined anymore?

Of course it can be. You just need to be using the bitcoin-cli command instead of using bitcoin-qt to run the server.

[gadman2]

Does this mean that bitcoin can't be solo mined anymore?

Of course it can be. You just need to be using the bitcoin-cli command instead of using bitcoin-qt to run the server.

I'm not understanding. I found the bitcoind.exe in the daemon folder of the program files of bitcoin... I run bitcoind.exe as admin and it just says the block chain is corrupt and if I want to rebuild it and then it closes faster than I can do anything.

[-ck]

Then you need technical support with the bitcoin client, not mining support.

[gadman2]

Nevermind there's nothing wrong with my bitcoin-qt client, I don't have the technical experience and you don't have the patients to give some more detailed instructions.

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