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Author Topic: Solo Mining with old outdated equipment?  (Read 11921 times)
kingcolex
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June 22, 2014, 12:06:05 AM
 #1

Well i just plugged some USB 333 m/hash into a usb adapter and am solomining, will it hit? Probably not but i was wondering how many others mine with their old equipment, let me know what you use and why Tongue















 

 

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1537962613
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DrG
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June 22, 2014, 05:36:57 AM
 #2

You are more likely to be struck by lightning than you are to be solve a block.  So the potential is there, but odds most certainly are not in your favor.  Turn off the miner but keep it as a novelty unless you enjoy seeing CGMiner running  Cheesy














 

 

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kingcolex
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June 22, 2014, 12:20:43 PM
 #3

Eh it's just a pi that I am not using until my fury gets here and my power cost are so low I probably won't see a difference. Let's see if I can get luckier than being struck by lighting now Tongue.














 

 

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GigaBit
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June 22, 2014, 03:19:00 PM
 #4

Eh it's just a pi that I am not using until my fury gets here and my power cost are so low I probably won't see a difference. Let's see if I can get luckier than being struck by lighting now Tongue.

Make that getting hit 10 times by a lightning in the same day lol  Grin

All you need to do is get GUI Miner and put it on a small pool like Eclipse MC and set workers to DGM - Thank me later  Wink

I change pools regularly because I just like trying new things and sometimes bad luck's just beyond what I find acceptable (Attack, ddos, etc..)

If you have no real will to really do anything, get surprise payouts from smaller pools Wink

That's how I started a year ago.

That's what I recommend to you as it will earn you 25 BTC LONG before you do it solo...

Here is your expected profit for your first month without power and hardware costs: Net profit first time frame $0.22 USD (Month) (That's dollars, not coin)

Here is your expected time to find a block: Average generation time for a block (solo) 5506 years, 5 days (can vary greatly depending on your luck)

At $0.22 per month, it would take 3,300 months, or, 275 years to get one block with 333 mhz.  *Stats captured from Bitcoinx.

Some coin is better than giving away money to power companies if you ask me but if you want to chance it and be guaranteed to get absolutely nothing then, knock yourself out =D

Best of luck!

-I'd rather be mining
os2sam
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June 22, 2014, 06:07:43 PM
 #5

Yep, I'm doing the same thing with a handful of BE's.  I keep thinking things will settle down and I'll be able get some decent hash rate at a fair price.  But it looks like I'll continue to be disappointed for quite some time.

Oh well.  At least my Bitcoin node should be doing the network some good.

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nickgaff
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June 23, 2014, 03:42:25 AM
 #6

im just about to set up a Gridseed to solo mine. 11.2 GH/s of solo power  Grin
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June 25, 2014, 02:37:34 AM
 #7

You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .
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June 25, 2014, 02:52:21 AM
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You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

Be careful when doing that unless the pool OP has really established himself/herself.  25 BTC is a lot of incentive for somebody to just walk away with something you earned for them.














 

 

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Harley997
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June 25, 2014, 03:18:31 AM
 #9

You are more likely to be struck by lightning than you are to be solve a block.  So the potential is there, but odds most certainly are not in your favor.  Turn off the miner but keep it as a novelty unless you enjoy seeing CGMiner running  Cheesy

If you were to only use .333 GH/s to solo mine then you would essentially be using your miner as a lottery ticket.

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June 25, 2014, 03:24:26 AM
 #10

Well i just plugged some USB 333 m/hash into a usb adapter and am solomining, will it hit? Probably not but i was wondering how many others mine with their old equipment, let me know what you use and why Tongue



While solo mining Bitcoins is an attractive prospect for obvious reasons, you have to keep in mind that there has been no single legitimate claim of a solo miner using less than 500 Mhs finding a block in Bitcoin's current ASIC-driven climate. Other reasons aside, I wouldn't recommend keeping a USB ASIC solo mining for over than 5 minutes a day if you are concerned about making an ROI. Believing in luck is normal; relying on it is stupid.

As for me, I solo mine other coins with a few Ghs every once in a while, but never Bitcoin.


You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

The OP is already solo mining, so there is no reason to join a "solo mining pool" where the faucet operator takes a cut of his/her earnings for providing a service that he/she has no use for. The only advantage of such a pool is that the miner would not have to set up his/her own client, which is usually only an issue for hijack botnets and newbie miners uninterested in learning to set up their clients on their own.
Luckycoin90
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June 25, 2014, 03:53:35 AM
 #11

I have never set up a client to do solo mining and I don't know how to. I guess that would be my next project in this addictive mining hobby. Only started mining for a month
So I do have much to read and to learn. It has been fun so far. Grin
kingcolex
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June 25, 2014, 12:31:43 PM
 #12

Well i just plugged some USB 333 m/hash into a usb adapter and am solomining, will it hit? Probably not but i was wondering how many others mine with their old equipment, let me know what you use and why Tongue



While solo mining Bitcoins is an attractive prospect for obvious reasons, you have to keep in mind that there has been no single legitimate claim of a solo miner using less than 500 Mhs finding a block in Bitcoin's current ASIC-driven climate. Other reasons aside, I wouldn't recommend keeping a USB ASIC solo mining for over than 5 minutes a day if you are concerned about making an ROI. Believing in luck is normal; relying on it is stupid.

As for me, I solo mine other coins with a few Ghs every once in a while, but never Bitcoin.


You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

The OP is already solo mining, so there is no reason to join a "solo mining pool" where the faucet operator takes a cut of his/her earnings for providing a service that he/she has no use for. The only advantage of such a pool is that the miner would not have to set up his/her own client, which is usually only an issue for hijack botnets and newbie miners uninterested in learning to set up their clients on their own.
Actually i was mining with 5 erupters so 1.6 ghash i turned them off since my scrypt asic arrived, i was on a solo pool as it wasn't a long term solution i decided if i was going to hit within that little time the operater could have the .3 btc because i didn't think setting up my own client was worth the time for a week of solo mining.














 

 

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Harley997
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June 26, 2014, 12:42:25 AM
 #13

I have never set up a client to do solo mining and I don't know how to. I guess that would be my next project in this addictive mining hobby. Only started mining for a month
So I do have much to read and to learn. It has been fun so far. Grin
unless you have a substantial amount of hashpower you will really not even have any way to verify that you have everything set up properly as you will likely never find a block

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June 26, 2014, 07:20:44 PM
 #14

All these people telling you to turn it off.....no.  Here's why.

What does it cost you to run the BE on your laptop that you already use?  Maybe .10 a month?

Whats the harm in running it?  Maybe you get lucky.  99.99999999% you dont.  But it isnt hurting anything to run it.  LEt it go, and maybe one day you wake up with some btc.
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June 26, 2014, 11:07:26 PM
 #15

At this point no. Maybe 1 year ago you had a much better chance.

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Harley997
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June 27, 2014, 12:52:15 AM
 #16

You can join a solo mining pool that will reward you a full 25 btc if your miner lucky enough to mine a block. The pool operator only keep the transaction fee. I am thinking trying out my luck there. So far 1 person has found a block .

Be careful when doing that unless the pool OP has really established himself/herself.  25 BTC is a lot of incentive for somebody to just walk away with something you earned for them.
Even if you were to disregard the issue with potential scammers you still have the issue that the majority of miners have an extremely small chance of finding a block.

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June 27, 2014, 01:05:07 AM
 #17

Eh, I have 7 BEs solo mining Bitcoin. I know the chances are slim to none but its not costing me hardly anything and I had never solo mined anything before so it was a learning experience in setting it up.

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June 27, 2014, 01:38:26 AM
 #18

IMO only way to use tchem is for solo.

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June 27, 2014, 03:46:26 AM
 #19

I've got 5 Antminer U2s connected to a Pi that solo mine because... why not?

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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June 27, 2014, 03:48:40 AM
 #20

I've got 5 Antminer U2s connected to a Pi that solo mine because... why not?

Good luck with that even if you have 5 antminer Smiley

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