[∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved!

[hodedowe]

Of course it's bad for Bitcoin...

My own opinion is that Bitcoin shouldn't hamstring itself with a 1M block size limit.  On the other hand, Bitcoin should most definitely not hamstring itself by dissension leading to separate and incompatible blocks that cause a fork.

In any case, investors are going to get scared, and we're already seeing the effects as price has dumped 20% or more in the past 24 hours.

It's unclear if the existence of XT actually drove that though... If overall correctly there were several large margin calls that hit yesterday.

Price has really bombed in the last few days, there was some large calls as you rightly put but this whole XT situation has eroded some confidence without doubt, I personally think its a bad idea the way it has been forced upon users and miners alike....I don't think it'll gain much traction but only time will tell ...

All investors are pulling to the sidelines right now across markets. Give it 30 days to see what China and Japan are going to do with their currency. It'll stabilize again. As for XT, it isn't forced on anyone. It's just a stupid guy with a megalomaniac idea. Braum Cohen (sp) the creator of Bittorrent warned that this might happen in 2007. The real test is to see how many people run to XT and give power to the evil side of Bitcoin. So far it's 12.9%

It really depends on the miners, that is - you and me. If you want your BTC devalued then sure, go with XT. If you want BTC to be worth more (and consequently charge more for transaction fees to cover the cost after the mining fee is gone) then stay with Core. I'll be a Core man forever.

[1715450489]

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[1715450489]

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[anamichii]

i miss the word "Congratulation to bla bla bla.." in this thread 

[-ck]

i miss the word "Congratulation to bla bla bla.." in this thread 

At 355TH it'll average a block less than once per week.

[tokona44]

i miss the word "Congratulation to bla bla bla.." in this thread  

At 355TH it'll average a block less than once per week.

mmmmm  
now its up @ 1.03P

[wasikidding]

i miss the word "Congratulation to bla bla bla.." in this thread  

At 355TH it'll average a block less than once per week.

mmmmm  
now its up @ 1.03P

Pushing 500-600 for 6 hours to try and get lucky

[wasikidding]

gambling gets expensive when you never win lmao

[LoneRangir]

gambling gets expensive when you never win lmao

What did that cost you?

[wasikidding]

gambling gets expensive when you never win lmao

What did that cost you?

about 2 btc

[aurel57]

gambling gets expensive when you never win lmao

What did that cost you?

about 2 btc

I burned thru about 7 BTC ....came very close but no block.

[Starin]

gambling gets expensive when you never win lmao

What did that cost you?

about 2 btc

I burned thru about 7 BTC ....came very close but no block.

What was your hashrate and for how long did you rented? Consdering the block reward is 25 BTC, you still can gamble to cover the loss. But still, its too risky.

[wasikidding]

500-600 th/s for 8 hours best shar just over 11b was a calculated risk

[aurel57]

gambling gets expensive when you never win lmao

What did that cost you?

about 2 btc

I burned thru about 7 BTC ....came very close but no block.

What was your hashrate and for how long did you rented? Consdering the block reward is 25 BTC, you still can gamble to cover the loss. But still, its too risky.

I did it renting anywhere from 200TH to 1,000TH using West Hash. I came real close when the diff was at 49B I think I Hit block at 46B or near that. See if I can find the post. I have been saving up again by mining and selling/buying coins to make another run at it soon.

[thedreamer]

I've noticed that single large nicehash rentals don't hit much. A lot of smaller rentals have for some reason better history of hitting a block. Same with script rentals. Weird.

[BitcoinPappi]

I've noticed that single large nicehash rentals don't hit much. A lot of smaller rentals have for some reason better history of hitting a block. Same with script rentals. Weird.

Observed that as well and have stopped renting from Nicehash because of the statistic discrepancy(probably just bad luck). Most of the hits from big miners come from MRR. You can tell by the number of workers connected to the pool since when using NIcehash the number of workers always remain between 10 -13 at most .

[-ck]

I've noticed that single large nicehash rentals don't hit much. A lot of smaller rentals have for some reason better history of hitting a block. Same with script rentals. Weird.

Observed that as well and have stopped renting from Nicehash because of the statistic discrepancy(probably just bad luck). Most of the hits from big miners come from MRR. You can tell by the number of workers connected to the pool since when using NIcehash the number of workers always remain between 10 -13 at most .

This has been discussed before but it's worth reiterating.

There is no way to guarantee that rented hash isn't malicious in some way - a big 2PH mine rental could be withholding some or all of the blocks found. Such a mine stands to benefit from this since they get paid by the shares they produce regardless when being rented and they can benefit from not pushing diff up higher by withholding blocks. Unless there is a record of a rental's block solve luck you have no way of knowing. So far the rented hash that has found blocks on this pool has always been in the hundreds of TH range and the blocks found by PH sized rentals has shown very poor luck which is suspicious but of course you can't prove anything.

[kano]

... and I'll add ... also note that the rental site also gets paid no matter what happens.
The rental sites have no incentive to care either ...
The rental sites could keep statistical information to help with that ... ...

[hodedowe]

That's why I'd never rent right there. You can't prove you're getting what you paid for. Why should they give you the blocks when they can keep what is today $5400 bucks USD and tell you "Nope, sorry. You didn't win. Please play again!"

$5400 is a great motive to cheat buyers if you're in a country far, far away. What are they going to do, cry about it?


P.S. Kano? I sure would like you to develop a more solo-friendly version of your Antminer software.

[Sweminer777]

can i set my own diff? no matter what it's fixed to start from 1k, could i start above that like 1 million ?

[hodedowe]

hello.

i have a questions for solo mining regarding to the machine we've rented:
- is it ok when the rented rig is down for (let's say) one hour while solo mining?
- does it have any effects in our shares?

appreciate for any info's.

regards.

Imagine solo mining as you standing in line at the supermarket pulling lottery tickets, scratching them real fast, then checking to see if they are winners. If your miner is down, you're not pulling tickets. If you're not pulling tickets you can't find a winner.

That is NOT ok. Again, rented rigs - well, that's the nature of the beast. Free money for the renter, but the buyer suffers.

[-ck]

can i set my own diff? no matter what it's fixed to start from 1k, could i start above that like 1 million ?

With cgminer you can add the command line option

Code:

--suggest-diff 1000000