bmoscato (OP)
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July 23, 2014, 04:01:54 PM |
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I have a dumb question. I have wallets for Bitcoin, Litecoin, Darkcoin and Peercoin... I know my deposit address for all wallets, but where does the password come from that I have to enter in my mining software? When I pool mine, the pool allows you to create a miner (user) and password. This portion of solo mining has me confused.
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ajareselde
Legendary
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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July 23, 2014, 05:06:15 PM |
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I have a dumb question. I have wallets for Bitcoin, Litecoin, Darkcoin and Peercoin... I know my deposit address for all wallets, but where does the password come from that I have to enter in my mining software? When I pool mine, the pool allows you to create a miner (user) and password. This portion of solo mining has me confused.
Any coin you solo mine, procedure is the same. For example if ure mining litecoin, go to your /appdata/roaming/litecoin folder, there you will have litecoin.conf file. Open litecoin.conf in notepad , and there you can see the password,username for workers etc. Note that you can also edit those things, but after editing, shut down main wallet , and reopen. You can search this forum for related stuff, there are plenty of threads about solo mining. Cheers
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bmoscato (OP)
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July 23, 2014, 05:27:49 PM |
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I have a dumb question. I have wallets for Bitcoin, Litecoin, Darkcoin and Peercoin... I know my deposit address for all wallets, but where does the password come from that I have to enter in my mining software? When I pool mine, the pool allows you to create a miner (user) and password. This portion of solo mining has me confused.
Any coin you solo mine, procedure is the same. For example if ure mining litecoin, go to your /appdata/roaming/litecoin folder, there you will have litecoin.conf file. Open litecoin.conf in notepad , and there you can see the password,username for workers etc. Note that you can also edit those things, but after editing, shut down main wallet , and reopen. You can search this forum for related stuff, there are plenty of threads about solo mining. Cheers I guess I'm doing something wrong. I have multiple directories for for different wallets, but I do not have *.conf files: Bitcoin: C:\Users\bmoscato\AppData\Roaming\Bitcoin>dir Volume in drive C is OS Volume Serial Number is 9E83-34F9
Directory of C:\Users\bmoscato\AppData\Roaming\Bitcoin
07/22/2014 10:43 AM <DIR> . 07/22/2014 10:43 AM <DIR> .. 07/16/2014 08:49 AM 0 .lock 07/22/2014 10:32 AM <DIR> blocks 07/22/2014 10:42 AM <DIR> chainstate 07/16/2014 08:49 AM 0 db.log 07/22/2014 10:43 AM 364,665 debug.log 07/22/2014 10:43 AM 949,876 peers.dat 07/22/2014 10:43 AM 98,304 wallet.dat 5 File(s) 1,412,845 bytes 4 Dir(s) 295,898,595,328 bytes free
C:\Users\bmoscato\AppData\Roaming\Bitcoin> Litecoin: C:\Users\bmoscato\AppData\Roaming\Litecoin>dir Volume in drive C is OS Volume Serial Number is 9E83-34F9
Directory of C:\Users\bmoscato\AppData\Roaming\Litecoin
07/18/2014 11:49 AM <DIR> . 07/18/2014 11:49 AM <DIR> .. 07/18/2014 11:48 AM 0 .lock 07/18/2014 11:48 AM <DIR> blocks 07/18/2014 11:48 AM <DIR> chainstate 07/18/2014 11:48 AM 0 db.log 07/18/2014 11:49 AM 2,479,593 debug.log 07/18/2014 11:49 AM 525,762 peers.dat 07/18/2014 11:49 AM 90,112 wallet.dat 5 File(s) 3,095,467 bytes 4 Dir(s) 295,898,529,792 bytes free
C:\Users\bmoscato\AppData\Roaming\Litecoin>
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FeelTheBeat
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July 23, 2014, 06:02:35 PM |
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If you don't have ***.conf then just make it yourself and you can start mining. Anyway don't believe that it is smart so solo mine bitcoin or litecoin.
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| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
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Dare
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July 24, 2014, 06:50:34 AM |
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I have a dumb question. I have wallets for Bitcoin, Litecoin, Darkcoin and Peercoin... I know my deposit address for all wallets, but where does the password come from that I have to enter in my mining software? When I pool mine, the pool allows you to create a miner (user) and password. This portion of solo mining has me confused.
When you solo mine, you create a username and password and put them in a *coin.conf file in the coin's data directory, then point your miners at the client on your computer. Solo mining on most existing coins is pretty much useless, as you won't get anything until you find a block yourself. For reference, one of my config files looks like this: rpcuser=Techwolf rpcpassword=<password goes here, I'm not going to post it :P> rpcallowip=127.0.0.1 server=1
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minerpumpkin
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July 24, 2014, 12:19:44 PM |
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Are you considering to solo-mine towards an address you received on an exchange? Don't do that, it may work, but many exchanges discourage you from doing so, just solo mine to some address you directly control (have the private key) and forward the coins to the exchange as soon as they've matured!
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I should have gotten into Bitcoin back in 1992...
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bmoscato (OP)
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July 24, 2014, 01:55:39 PM |
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Are you considering to solo-mine towards an address you received on an exchange? Don't do that, it may work, but many exchanges discourage you from doing so, just solo mine to some address you directly control (have the private key) and forward the coins to the exchange as soon as they've matured!
Thanks for everyone's replies. No, I just wanted to solo mine to one of the wallets that I downloaded. All of them do not have a config file. I'm going to try what Dare posted: rpcuser=Techwolf rpcpassword=<password goes here, I'm not going to post it :P> rpcallowip=127.0.0.1 server=1 Is this all that is needed in a config file?
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FeelTheBeat
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July 24, 2014, 02:54:54 PM |
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Don't know if this is needed but you should add rpc port too. rpcport=8332 (depends on coin)
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| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
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ahri
Newbie
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Activity: 54
Merit: 0
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July 24, 2014, 03:04:13 PM |
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I dont think you`ll make anything from solo mining hence pools are there for a reason.
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flyingcatt
Member
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Activity: 70
Merit: 10
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July 24, 2014, 03:05:50 PM |
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It's a bad idea.
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Testing123
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July 24, 2014, 03:08:57 PM |
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I dont think you`ll make anything from solo mining hence pools are there for a reason.
Not necessarily. It depends on the hashrate you have. Also, some people consider solo-mining like buying a ticket in a lottery. The win chance is very low, but if you win, the reward is huge.
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flyingcatt
Member
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Activity: 70
Merit: 10
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July 24, 2014, 03:19:12 PM |
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What kind of hashrate would you need to get a coin at a decent expected time?
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FeelTheBeat
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July 24, 2014, 03:26:33 PM |
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What kind of hashrate would you need to get a coin at a decent expected time?
For bitcoin if you have 1TH/s you will still need about 2.5 years
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| 365 | TM | | | | EZ365 is a digital ecosystem that combines the best aspects of online gaming, cryptocurrency trading and blockchain education. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | ..WHITEPAPER.. ..INVESTOR PITCH..
| | | | .'M████▀▀██ ██ W█Ws'V██ ██▄▄███▀▀█ i█████m.~M████▀▀██ ███ d███████Ws'V██ ██████ ****M██████m.~███f~~__mW█ ██▀▀▀████████= Y██▀▀██W ,gm███████ g█████▄▄▄██ █A~`_WW Y█ ██!,████████ g▀▀▀███ ████▀▀`_m████i!████P W███ ██ _███▄▄▄██▀▀▀███Af`_m███ █W ███A ]███ ██ __ ~~~▀▀▀▀▄▄▄█*f_m██████ ██i!██!i███████ Y█████▄▄▄▄__. i██▀▀▀██████████ █!,██████ 8█ █▀▀█████.!██ ██████████i! █████ '█ █ █ █W M█▄▄▄██████ ██ !██ !███▄▄█ ██i'██████████ ██ Y███████████.]██████████████ █ ███████b ███ ██████ Y █ █▀▀█i!██ ████ V███ █ █W Y█████ ~~▀███▄▄▄█['███ ~~*██ | | Play | | | | │ │ ███ │ ███ │ ███ │ │ ███ ███ │ ███ ███ ███ ███ │ ███ ███ ███ ███ ███ ███ ███ ███ ███ │ │ ███ ███ │ │ │ │ │ | | Trade | | | | __▄▄████▄▄ __▄▄███████████████▄▄▄ _▄▄█████████▀▀~`,▄████████████▄▄▄ ~▀▀████▀▀~`,_▄▄███████████████▀▀▀ d█~ =▀███████████████▀▀ ]█! m▄▄ '~▀▀▀████▀▀~~ ,_▄▄ ,W█. *████▄▄__ ' __▄▄█████ !██P █████████████████████ W█. - ██████████████████▀ i██[ ~ ▀▀█████████▀▀▀ g███! Y███ | | Learn |
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Testing123
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July 24, 2014, 03:38:50 PM |
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What kind of hashrate would you need to get a coin at a decent expected time?
The equation is quite simple indeed. Average Time (in hours) = difficulty * 2^32 / (3600 * hash per second)
But don't forget the difficulty changes (most likely going up) every 2016 blocks.
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Dare
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July 24, 2014, 09:32:40 PM |
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Are you considering to solo-mine towards an address you received on an exchange? Don't do that, it may work, but many exchanges discourage you from doing so, just solo mine to some address you directly control (have the private key) and forward the coins to the exchange as soon as they've matured!
Thanks for everyone's replies. No, I just wanted to solo mine to one of the wallets that I downloaded. All of them do not have a config file. I'm going to try what Dare posted: rpcuser=Techwolf rpcpassword=<password goes here, I'm not going to post it :P> rpcallowip=127.0.0.1 server=1 Is this all that is needed in a config file? Yes, that's all you need, though you should change the username and password to something you create. The rpcport parameter is only necessary if you're running multiple instances of the daemon or multiple altcoins with the same default port, which is unlikely. Keep in mind though that solo mining Bitcoin or Litecoin is mostly pointless without a large initial investment in hardware, as you're very unlikely to ever find a block at the current rate of difficulty increase, though it may still be possible on newer altcoins.
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akali
Newbie
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Activity: 55
Merit: 0
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July 24, 2014, 10:57:11 PM |
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I dont think you`ll make anything from solo mining hence pools are there for a reason.
Not necessarily. It depends on the hashrate you have. Also, some people consider solo-mining like buying a ticket in a lottery. The win chance is very low, but if you win, the reward is huge. Yeah, but what are the odds of that ever happening...
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