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xzempt
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June 23, 2014, 07:11:15 PM |
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Someone hit a block today in bitsolo.net, jealous of that 25 btc payout  |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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philipma1957
Legendary
 Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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June 23, 2014, 09:54:36 PM |
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Someone hit a block today in bitsolo.net, jealous of that 25 btc payout If they were paid the coins. I mined a little there never hit a block but every email or question I asked them was never answered by them. so i stopped mining with them. solo pool.net has a major op in ozcoin but he has had money issues and I fear running there. I have yet to feel safe to stay with either one. |
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CanaryInTheMine (OP)
Donator
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Activity: 2352
Merit: 1060
between a rock and a block!
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June 24, 2014, 08:43:58 PM |
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inventory is low.
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xzempt
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June 25, 2014, 03:04:56 PM |
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any updates on the 450ghs miner?
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CanaryInTheMine (OP)
Donator
Legendary
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Activity: 2352
Merit: 1060
between a rock and a block!
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June 25, 2014, 10:54:36 PM |
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any updates on the 450ghs miner?
RockMiner would be the source of any news/updates... |
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sconklin321
Sr. Member
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Activity: 543
Merit: 250
Orjinal üyelik ToRiKaN banlanalı asır ol
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June 26, 2014, 01:46:20 AM |
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hopefully we will hear how one of our fellow bitcoiners were solomining with 1 rockminer @ 33ghs and solved a block.....
while it is possible (probability is greater than zero), statistically it has terrible odds of happening. 32 gh is .001195 btc a day. divide that into 25 = 20,920 to 1 for a 1 day run at the current diff level. run at the current level for the next 6 days odds are 20,920 / 6 or 3486 to one. any miner that plays the 3 or 4 digit numbers at the local lottery
rather then running 1 of these units at solo-mining is pretty foolish.my frustration is no major pool offers this option with the exception of oz-coin's solopool.net .. Since that pool's op had a major money issue I do not want to use him and running solo in house cost too much as I need to dedicated a pc to run as a server. I really want to offer these as 3 packs on ebay with an easy setup to run two in a standard pool and one as a solo miner. Sadly no pool that I would trust wants to do this. So a good promo is lost. Actually, to do you calculation correctly, you'd have to actually compare it to the total bitcoin mined in a day, since you're using your daily output, not a block. If we were averaging the spec of 1 block every 10 minutes, that's 3600 btc per day. You're likelihood to mine 1 block would then be 3600 / 0.001195 or 1 in 3,012,552 to mine a block over the course of a day. Estimated time to mine 1 block is actually 20,913 days at 32 gh/s as calculated here: http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=32&p=0.00&pc=0.10&pf=0.00&d=13462580114.52530000&r=25.00000000&er=570.00000000&hc=0.00So your odds are worse than hitting a pick 5 lottery and better than a pick 6 (at least in NJ). So you'd probably be better off pointing it at a pool than wasting the hashes trying to hit the lottery. |
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philipma1957
Legendary
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Activity: 4116
Merit: 7862
'The right to privacy matters'
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June 26, 2014, 03:51:59 AM
Last edit: June 26, 2014, 04:07:09 AM by philipma1957 |
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hopefully we will hear how one of our fellow bitcoiners were solomining with 1 rockminer @ 33ghs and solved a block.....
while it is possible (probability is greater than zero), statistically it has terrible odds of happening. 32 gh is .001195 btc a day. divide that into 25 = 20,920 to 1 for a 1 day run at the current diff level. run at the current level for the next 6 days odds are 20,920 / 6 or 3486 to one. any miner that plays the 3 or 4 digit numbers at the local lottery
rather then running 1 of these units at solo-mining is pretty foolish.my frustration is no major pool offers this option with the exception of oz-coin's solopool.net .. Since that pool's op had a major money issue I do not want to use him and running solo in house cost too much as I need to dedicated a pc to run as a server. I really want to offer these as 3 packs on ebay with an easy setup to run two in a standard pool and one as a solo miner. Sadly no pool that I would trust wants to do this. So a good promo is lost. Actually, to do you calculation correctly, you'd have to actually compare it to the total bitcoin mined in a day, since you're using your daily output, not a block. If we were averaging the spec of 1 block every 10 minutes, that's 3600 btc per day. You're likelihood to mine 1 block would then be 3600 / 0.001195 or 1 in 3,012,552 to mine a block over the course of a day. Estimated time to mine 1 block is actually 20,913 days at 32 gh/s as calculated here: http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=32&p=0.00&pc=0.10&pf=0.00&d=13462580114.52530000&r=25.00000000&er=570.00000000&hc=0.00So your odds are worse than hitting a pick 5 lottery and better than a pick 6 (at least in NJ). So you'd probably be better off pointing it at a pool than wasting the hashes trying to hit the lottery. your math is wrong. think about if you math was correct merged pool mining would not work at a profit and it does. 672 th mines 1 block a day at the current diff 672th/21000 = 32 gh so if a pool had 21,000 32gh r-boxes it would make 1 block a day (perfect variance assumed) this means 1 r-box is a 21000 to 1 shot at pulling a block …… it cost 15 cents to run it a day and you lose 68 cents in pool hash earnings. total of 83 cents…… so 83 cents gets you a shot at 25 btc = 14560 usd . the odds to hit are 21,000 to one. no state 3 digit or 4 digit number pays that well 14560 usd for 83 cents when the real odds are 21000 to repeat I am not saying it is easy to hit. I am saying it pays off closer to true odds. then any state 3 digit or 4 digit number. if you play 3 digit and 4 digit numbers and you are not playing an r-box at solo mining you are mathematically making the wrong choice by far at todays diff and todays btc price. a fact that you think is not true . BTW it is cool if you keep thinking that way. you are entitled too believe what you want. I know I believe more then one thing that is not correct at all times, but not this at todays (June 26th 2014 )numbers. |
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xhomerx10
Legendary
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Activity: 3836
Merit: 8010
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June 27, 2014, 04:48:04 AM |
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hopefully we will hear how one of our fellow bitcoiners were solomining with 1 rockminer @ 33ghs and solved a block.....
while it is possible (probability is greater than zero), statistically it has terrible odds of happening. 32 gh is .001195 btc a day. divide that into 25 = 20,920 to 1 for a 1 day run at the current diff level. run at the current level for the next 6 days odds are 20,920 / 6 or 3486 to one. any miner that plays the 3 or 4 digit numbers at the local lottery
rather then running 1 of these units at solo-mining is pretty foolish.my frustration is no major pool offers this option with the exception of oz-coin's solopool.net .. Since that pool's op had a major money issue I do not want to use him and running solo in house cost too much as I need to dedicated a pc to run as a server. I really want to offer these as 3 packs on ebay with an easy setup to run two in a standard pool and one as a solo miner. Sadly no pool that I would trust wants to do this. So a good promo is lost. Actually, to do you calculation correctly, you'd have to actually compare it to the total bitcoin mined in a day, since you're using your daily output, not a block. If we were averaging the spec of 1 block every 10 minutes, that's 3600 btc per day. You're likelihood to mine 1 block would then be 3600 / 0.001195 or 1 in 3,012,552 to mine a block over the course of a day. Estimated time to mine 1 block is actually 20,913 days at 32 gh/s as calculated here: http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=32&p=0.00&pc=0.10&pf=0.00&d=13462580114.52530000&r=25.00000000&er=570.00000000&hc=0.00So your odds are worse than hitting a pick 5 lottery and better than a pick 6 (at least in NJ). So you'd probably be better off pointing it at a pool than wasting the hashes trying to hit the lottery. your math is wrong. think about if you math was correct merged pool mining would not work at a profit and it does. 672 th mines 1 block a day at the current diff 672th/21000 = 32 gh so if a pool had 21,000 32gh r-boxes it would make 1 block a day (perfect variance assumed) this means 1 r-box is a 21000 to 1 shot at pulling a block …… it cost 15 cents to run it a day and you lose 68 cents in pool hash earnings. total of 83 cents…… so 83 cents gets you a shot at 25 btc = 14560 usd . the odds to hit are 21,000 to one. no state 3 digit or 4 digit number pays that well 14560 usd for 83 cents when the real odds are 21000 to repeat I am not saying it is easy to hit. I am saying it pays off closer to true odds. then any state 3 digit or 4 digit number. if you play 3 digit and 4 digit numbers and you are not playing an r-box at solo mining you are mathematically making the wrong choice by far at todays diff and todays btc price. a fact that you think is not true . BTW it is cool if you keep thinking that way. you are entitled too believe what you want. I know I believe more then one thing that is not correct at all times, but not this at todays (June 26th 2014 )numbers. Your numbers look close but the odds to hit are NOT 21000 to 1 - if they were, everyone with a rockminer would be rich beyond your wildest dreams. I think you guys are confused about odds and probability in general. The probability of a single hash solving a block is blockexplorer.com/q/probability The odds in favour of solving a block is expressed as the probability of solving a block over the probability of NOT solving a block. Which will come out to approximately the same as the probability because the denominator is so very large. Now you can multiply the probability by your hashing rate (32billion for the rockminer) and then by 86400 (the number of seconds in a day) and you will get the probability of solving a block with a rockminer on any given day. If you want the odds in favour of solving a block on any given day with your rockminer, take that probability and divide it by 1 minus that same probability. Also, you can invert the probability blockexplorer.com/q/probability to get the average number of hashes required to solve a block. Now you can divide that number by the hash rate of your device to get the average number of seconds required to solve a block. I think it's around 57 years for a rockminer... |
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philipma1957
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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June 27, 2014, 12:54:27 PM |
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hopefully we will hear how one of our fellow bitcoiners were solomining with 1 rockminer @ 33ghs and solved a block.....
while it is possible (probability is greater than zero), statistically it has terrible odds of happening. 32 gh is .001195 btc a day. divide that into 25 = 20,920 to 1 for a 1 day run at the current diff level. run at the current level for the next 6 days odds are 20,920 / 6 or 3486 to one. any miner that plays the 3 or 4 digit numbers at the local lottery
rather then running 1 of these units at solo-mining is pretty foolish.my frustration is no major pool offers this option with the exception of oz-coin's solopool.net .. Since that pool's op had a major money issue I do not want to use him and running solo in house cost too much as I need to dedicated a pc to run as a server. I really want to offer these as 3 packs on ebay with an easy setup to run two in a standard pool and one as a solo miner. Sadly no pool that I would trust wants to do this. So a good promo is lost. Actually, to do you calculation correctly, you'd have to actually compare it to the total bitcoin mined in a day, since you're using your daily output, not a block. If we were averaging the spec of 1 block every 10 minutes, that's 3600 btc per day. You're likelihood to mine 1 block would then be 3600 / 0.001195 or 1 in 3,012,552 to mine a block over the course of a day. Estimated time to mine 1 block is actually 20,913 days at 32 gh/s as calculated here: http://www.coinwarz.com/calculators/bitcoin-mining-calculator/?h=32&p=0.00&pc=0.10&pf=0.00&d=13462580114.52530000&r=25.00000000&er=570.00000000&hc=0.00So your odds are worse than hitting a pick 5 lottery and better than a pick 6 (at least in NJ). So you'd probably be better off pointing it at a pool than wasting the hashes trying to hit the lottery. your math is wrong. think about if you math was correct merged pool mining would not work at a profit and it does. 672 th mines 1 block a day at the current diff 672th/21000 = 32 gh so if a pool had 21,000 32gh r-boxes it would make 1 block a day (perfect variance assumed) this means 1 r-box is a 21000 to 1 shot at pulling a block …… it cost 15 cents to run it a day and you lose 68 cents in pool hash earnings. total of 83 cents…… so 83 cents gets you a shot at 25 btc = 14560 usd . the odds to hit are 21,000 to one. no state 3 digit or 4 digit number pays that well 14560 usd for 83 cents when the real odds are 21000 to repeat I am not saying it is easy to hit. I am saying it pays off closer to true odds. then any state 3 digit or 4 digit number. if you play 3 digit and 4 digit numbers and you are not playing an r-box at solo mining you are mathematically making the wrong choice by far at todays diff and todays btc price. a fact that you think is not true . BTW it is cool if you keep thinking that way. you are entitled too believe what you want. I know I believe more then one thing that is not correct at all times, but not this at todays (June 26th 2014 )numbers. Your numbers look close but the odds to hit are NOT 21000 to 1 - if they were, everyone with a rockminer would be rich beyond your wildest dreams. I think you guys are confused about odds and probability in general. The probability of a single hash solving a block is blockexplorer.com/q/probability The odds in favour of solving a block is expressed as the probability of solving a block over the probability of NOT solving a block. Which will come out to approximately the same as the probability because the denominator is so very large. Now you can multiply the probability by your hashing rate (32billion for the rockminer) and then by 86400 (the number of seconds in a day) and you will get the probability of solving a block with a rockminer on any given day. If you want the odds in favour of solving a block on any given day with your rockminer, take that probability and divide it by 1 minus that same probability. Also, you can invert the probability blockexplorer.com/q/probability to get the average number of hashes required to solve a block. Now you can divide that number by the hash rate of your device to get the average number of seconds required to solve a block. I think it's around 57 years for a rockminer... I get how you get the number. today with the diff at 13.5 if you run 1 r-box the chance is about 21000 to 1 for today plain and simple. so 21000 /365 = 57.53 years same as you With some rounding errors as I am being a bit sloppily. So I could play a 21000 to one shot by solo mining my r-box. my cost is 83 cents for a day. this is the key 15 cents power for 1 day and about 68 cents lost in btc earned at todays diff. and a block is around 14850 usd , that is a payoff of 17891 to one on a 21000 to one shot. Plus you could hit 2 or more blocks. Basically the r-box is a great piece of lower cost gear that would allow you much better odds then any lottery. I do not suggest that this is the only way to mine an r-box . I do suggest mining your r-box this way some of the time. Right now http://bitsolo.nethttp://www.solopool.netoffer solo mining pools . |
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Kaega
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June 27, 2014, 02:40:07 PM |
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Guys, your conversation is speculation and OT for this GB. Besides, "solo mining" and "pool" shouldn't be said together...
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philipma1957
Legendary
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Activity: 4116
Merit: 7862
'The right to privacy matters'
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June 27, 2014, 06:00:47 PM
Last edit: June 27, 2014, 07:51:04 PM by philipma1957 |
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Guys, your conversation is speculation and OT for this GB. Besides, "solo mining" and "pool" shouldn't be said together...
no it is not speculation as r-box are the best small scale device for solo -pool mining .…… While I may be annoying you and I apologize for that. I am looking to expand BTC in a way people can relate to. These are a great device to point at a pool that pays only the block maker (is that better name then solo pool) . or how about www.blockmakergetsitallpool..com/philipma gives this name I point them at bitsolo.net 3 of them. the current cost is 2.50 for the 3 pointed for 1 day. or .83 cents a day for one. that is with diff at 13.5 and power at 15 cents a k watt then I point them at btcguild for 6 days. where they earn about 2.05 usd x 6 or 12.60 usd for the 6 days. |
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mstrongbow
Sr. Member
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Activity: 322
Merit: 250
3D Printed!
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June 27, 2014, 06:10:16 PM |
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philipma1957
Legendary
Offline
Activity: 4116
Merit: 7862
'The right to privacy matters'
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June 27, 2014, 07:52:25 PM |
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I got one fits nicely. as does your breakout box casing. I am very impressed with the 3d printers quality of product |
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CanaryInTheMine (OP)
Donator
Legendary
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Activity: 2352
Merit: 1060
between a rock and a block!
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June 27, 2014, 11:34:23 PM |
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no mas... out of inventory for now...
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mstrongbow
Sr. Member
Offline
Activity: 322
Merit: 250
3D Printed!
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June 28, 2014, 02:22:44 AM |
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I got one fits nicely. as does your breakout box casing. I am very impressed with the 3d printers quality of product Thanks! The production version of the RBox mounts are beefier and they actually stack! Not all 3d printers are the created equal and even the same printer can print with good or bad quality. |
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xzempt
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June 29, 2014, 06:56:35 PM
Last edit: June 29, 2014, 11:07:51 PM by xzempt |
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philipma1957
Legendary
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Activity: 4116
Merit: 7862
'The right to privacy matters'
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June 30, 2014, 03:28:44 PM |
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same btc address. Some one is very lucky |
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Trafficlearn
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July 03, 2014, 08:41:15 PM |
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Got 2 of these in today....still cant manage to get them running....will they play well with other devices on the same PC? or best to do a fresh install? if so what is the current software....i ahve downloaded cgminer 4.4.1
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