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

[philipma1957]

The club is about ten hours a week of my time. Plus the hash I buy to make it a better way to mine for the little guy.

[-ck]

There will be a pool restart shortly to implement the fix for user/worker/client stats decaying too fast. Miners will likely not fail over.

EDIT: Complete

[yslyung]

didnt even notice. good job ck.

trying my luck on lottery, 1 miner from EU, 1 miner from US of A 1 miner from asia all pointed to your pool ...

[Ziploc]

The club is about ten hours a week of my time. Plus the hash I buy to make it a better way to mine for the little guy.

I proposed because I didn't knew it...and there's always people asking about renting....but renting on a budget isn't get you anywhere...

that's why i proposed it.....

and if it's a trustworthy person, like you for instance, it might not be as much of a work.....at least imho...

I was thinking about something simple.....but calculations must be done prior to make sure that odds are good.



If my calc are ok.....I took bitcoinwisdom and nicehash as reference

lets say 3.3 peta should on avg mine 1 block  or 25 BTC/24hrs..

3.3 peta at nicehash cost 16BTC/24hrs..

therefore if the rental makes 1block the group is even....


then if the group is let say 20-30 persons/or shares (as one might contribute like 2-3 single persons)

it would be easy to divide the contribution and the reward.....

16 BTC / nb of persons.....and
25BTC - CK tip and fees / nb of persons...for each block



let say that 16BTC is the right number....and to round the reward is 24BTC / block after all fees....etc.

also the person that would take care/organize might get a fee or tip if all agree....




Personally I would definitely participate...if someone can confirm my numbers....




then if 24 people participate it makes the cost 0,6666667 and the reward 1BTC/person/block....

or 30 people the cost would be 0.533333334BTC......and reward 0.8BTC etc.....

[yslyung]

regardless of calculations, 1st 1 MUST hit a block then talk, till then start talking abt splitting the block

no block no talk sadly

[Ziploc]

regardless of calculations, 1st 1 MUST hit a block then talk, till then start talking abt splitting the block

no block no talk sadly

you're right....I think I missed my calcs......let me check it up again

and if someone can calculate the odds of hitting a block......


and lastly i haven't been in this thread for long time and saw few persons talking about renting hash.....I also rented for more than 0.5BTC so far...and it adds up...

I think that the odds are way better if the group can get a substantial hash rate and long enough hash time that a single person with smaller hash rate or way shorter time...


and when you're talking in petahash it's starting to be a more serious game.....
Now, I probably wouldn't rent less than peta for less than a day.......but that's me....

[kano]

Simple calc to work out blocks/day etc.
http://tradebtc.net/bitcalc.php
Fill it out as though 'you' are the pool (since you are the pool when mining solo)
Edit: well I better fix that - it's showing the wrong difficulty
Edit2: fixed

[Ziploc]

Simple calc to work out blocks/day etc.
http://tradebtc.net/bitcalc.php
Fill it out as though 'you' are the pool (since you are the pool when mining solo)

link doesn't seem to work....or page is down...ah you're fixing it now ?
still not working on my side....




for sure just to found that group it's a serious amount of BTC.....and the group can't be to big because it would be really messy to admin all that....
but it's maybe doable....

specially above certain petahash mark...

[kano]

Well I tried from 3 different corners of the globe and it works for me ... and:
http://downforeveryoneorjustme.com/tradebtc.net
works also - so no idea.

[Ziploc]

Well I tried from 3 different corners of the globe and it works for me ... and:
http://downforeveryoneorjustme.com/tradebtc.net
works also - so no idea.

that's weird...checked with firefox, edge and chrome...all are not working...i'm from north america

could it be that the page banned my ip for too many tries ?

anw will try later on...

[ezeminer]

Simple calc to work out blocks/day etc.
http://tradebtc.net/bitcalc.php
Fill it out as though 'you' are the pool (since you are the pool when mining solo)

link doesn't seem to work....or page is down...ah you're fixing it now ?
still not working on my side....




for sure just to found that group it's a serious amount of BTC.....and the group can't be to big because it would be really messy to admin all that....
but it's maybe doable....

specially above certain petahash mark...

Phil ran a group for us. He managed 50BTC in blocks, and at least 20BTC in rentals. This was done over a period of time, but I know he was nervous holding that BTC in his wallet. If anything went wrong with the wallet... yea :/ It was a fun experience tho.

[philipma1957]

Simple calc to work out blocks/day etc.
http://tradebtc.net/bitcalc.php
Fill it out as though 'you' are the pool (since you are the pool when mining solo)

link doesn't seem to work....or page is down...ah you're fixing it now ?
still not working on my side....




for sure just to found that group it's a serious amount of BTC.....and the group can't be to big because it would be really messy to admin all that....
but it's maybe doable....

specially above certain petahash mark...

Phil ran a group for us. He managed 50BTC in blocks, and at least 20BTC in rentals. This was done over a period of time, but I know he was nervous holding that BTC in his wallet. If anything went wrong with the wallet... yea :/ It was a fun experience tho.

hitting 2 blocks in under 3 hours and seeing 50 coins in the wallet was cool.

But it is work to do responsibility and what people don't realize have the 10 coins a shot renting at the time 1ph for about a day drives rental prices higher.

It is marginal as getting 1 ph rented for 1 day under the number needed right now .0072 or .0073 a th is harder to do then you think.

Once you go over the correct number it is liking betting a 3 digit number and getting 900 to 1  that means losing in the long run.

[o_solo_miner]

  a bit OFF TOPIC:

Philipma1957 I miss your "old" avatar..... I'd liked it

[wmtomlinso]

sounds fun. Count me in if you guys decide its worthwhile to do...   And dont forget to factor into your calculations: we are all very lucky!

[Solare]

sounds fun. Count me in if you guys decide its worthwhile to do...   And dont forget to factor into your calculations: we are all very lucky!

Count me in also!  Crowdmininglotto !!

[Ziploc]

hitting 2 blocks in under 3 hours and seeing 50 coins in the wallet was cool.

But it is work to do responsibility and what people don't realize have the 10 coins a shot renting at the time 1ph for about a day drives rental prices higher.

It is marginal as getting 1 ph rented for 1 day under the number needed right now .0072 or .0073 a th is harder to do then you think.

Once you go over the correct number it is liking betting a 3 digit number and getting 900 to 1  that means losing in the long run.

I agree for the rental price......but as I said before....if we, because I'm including myself, rent separately...we will pay the market price anw.....

therefore this aspects I would even consider it....

because the main point is to increase the hashpower/time to something substantial in conjunction with avg cost reduction per participant....

Yes it makes the ROI calculations a bit worst but not doing it at all makes it even worst for those who will purchase the hash themselves and don't want to throw 8-10BTC at it...

[jacobmayes94]

I think this is a good idea... we need to find someone we can 100% trust with the coins though, unless we can have multiple wallets as part of the coinbase transaction? Just a thought....

[Ziploc]

philipma1957 will you be willing to make it happen again ?
maybe for a fee ?


we already have few persons willing to participate...we just have to choose how much hash we want and for how long...

It doesn't have to be in petahash....proper calculations would have to be made

then we will know the cost/person


so far we have:

1- Ziploc
2- jacobmayes94
3- Solare
4- wmtomlinso

[Ziploc]

Simple calc to work out blocks/day etc.
http://tradebtc.net/bitcalc.php
Fill it out as though 'you' are the pool (since you are the pool when mining solo)
Edit: well I better fix that - it's showing the wrong difficulty
Edit2: fixed

for some reason it still doesn't work for me....

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[philipma1957]

philipma1957 will you be willing to make it happen again ?
maybe for a fee ?


we already have few persons willing to participate...we just have to choose how much hash we want and for how long...

It doesn't have to be in petahash....proper calculations would have to be made

then we will know the cost/person


so far we have:

1- Ziploc
2- jacobmayes94
3- Solare
4- wmtomlinso

Maybe.

Let me get off my tablet and go to a pc.

okay I am on a pc.

what do the 4 of you want to lose? 

.25btc each

.5btc each   

.75btc  each

1 btc each

I will join  so there will be 5 of us.

The goal I do is try to rent at the correct low price using some from nicehash and some from westhash.

Most of the time I do not do fixed.   As fixed is always a little too high.

If we can do .0073 or less  the odds are in our favor.