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Author Topic: [∞ YH] solo.ckpool.org 1% fee solo mining USA/DE 252 blocks solved!  (Read 1486468 times)
hodedowe
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December 09, 2015, 02:52:44 PM
 #4121

For 2 blocks? This diff could enough for 17 blocks

Yeah, but I was referring to a bonus, not a divisible block diff.  Grin

Solo mining is alive and profitable!
Helped? Thanks! 1CXRFh4bDVFBsUzoHMMDbTMPcBP14RUTus
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December 10, 2015, 02:33:07 PM
 #4122

Wow another 2 new blocks mined here. It's good pool.. I recomemded increase the fee to 1% or 1.5% because u need to pay the servers..
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December 10, 2015, 02:53:53 PM
Last edit: December 10, 2015, 03:33:12 PM by hodedowe
 #4123

Wow another 2 new blocks mined here. It's good pool.. I recomemded increase the fee to 1% or 1.5% because u need to pay the servers..


Or 10 %! How about 20?


Or keep it the same and keep attracting a higher quantity of users. Economics 101. More users = more blocks = more $$$ for monthly server fees, though in reality one block/month should cover server fees entirely. Servers aren't crazy expensive. $150/month will buy you two very nice servers with alot of features or three good servers with bare-bones features and you add what you want from there.

It's the McDonalds template. You can't raise prices without losing business. I think he hit the sweet spot with 0.5%. It was a stroke of marketing genius.

Solo mining is alive and profitable!
Helped? Thanks! 1CXRFh4bDVFBsUzoHMMDbTMPcBP14RUTus
DanielRo
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December 10, 2015, 03:44:39 PM
 #4124

You hit two on kano.is if I'm right, but that was not solo.

Nothing is impossible :-)
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December 10, 2015, 04:29:40 PM
 #4125

If you mean with ck == con, then YES, yesterday on Kano.is.

 Grin

http://ckpool.org "THE Pool" from the creator of CGMiner & CKPool / Payout System:SPLNS / ZERO FEE!
------------------------------------------- join now -----------------------------------------------
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ezeminer
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December 10, 2015, 05:25:16 PM
 #4126

I have an odd question for -ck

As the network grows, do you expect to have a decline or increase in users and hashrate?
So far since last adjustment the network has gone from 540PH to approx 700PH.

I mean I have a couple little USB lotteries running under my desk... *Crosses fingers for the next 1.3 million days*

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December 10, 2015, 08:38:54 PM
 #4127

Hi lads Smiley
I m new in this solo mining but i will giv it a try Smiley
I have almost 3 TH did i have eny chance to hit a block ?
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December 10, 2015, 08:48:28 PM
 #4128

Hi lads Smiley
I m new in this solo mining but i will giv it a try Smiley
I have almost 3 TH did i have eny chance to hit a block ?
With 3TH at current difficulty you will find a block on average every 1310 days, so currently you have a 1 in 1310 chance of finding a block each day.

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ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
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December 10, 2015, 08:54:31 PM
 #4129

Hello CK, how calculate the rate to catch a block?

what du you meen to this Solo Calcolator --> http://hut.keinbrot.com/bitcoin/solocalc/

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December 10, 2015, 09:05:48 PM
 #4130

I have an odd question for -ck

As the network grows, do you expect to have a decline or increase in users and hashrate?
So far since last adjustment the network has gone from 540PH to approx 700PH.

I mean I have a couple little USB lotteries running under my desk... *Crosses fingers for the next 1.3 million days*
I honestly don't know. So far the total hashrate and number of users has gradually grown but it's hard to know if that's time and reputation or paralleling the growth of the network. There's no doubt home miners have almost no chance to make a profit doing regular pooled mining unless they have dirt cheap electricity, and that's both the reason I created the pool and why they come here I believe. Having said that, approximately 2/3 of the hashrate comes from rentals so the economics at work there are totally different and come and go far more than the continuous miners.

I think it's about time one of the small miners found a block too since all the recent ones have been hundreds of TH and more. They're the more exciting and fun block finds to me and other users.

Wow another 2 new blocks mined here. It's a good pool.. I recommend increasing the fee to 1% or 1.5% because u need to pay the servers..

0.5% is more than enough to pay for the servers, but I need to make more than 1 block per month to actually make a profit, which I am. It's not exactly a huge profit considering the time and effort that I've put into the pool, but then I got paid to write a lot of the ckpool code and the profits from this pool fund further maintenance and development of ckpool. It's also a very bare bones pool with no flashing lights, bells and whistles and I prefer maintaining that sort of service since it means I can concentrate on things I care about - the low level performance of the actual mining process. If I charged a higher fee people would probably expect more "features" from the pool and that's not going to happen with me as the administrator.

If the pool ever got larger and I earned more profit purely from solving more blocks, I would make the server higher power to cope with more users but maintain the low fee and bare bones nature of the pool. However the current server is good for up to probably 50PH and that's not going to happen any time at this rate.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
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December 10, 2015, 09:07:12 PM
 #4131

Hello CK, how calculate the rate to catch a block?
Use Kano's simple calculator:
http://tradebtc.net/bitcalc.php

Since you're mining solo, you have to pretend you're the whole pool in the calculator so put your hashrate in the "Pool Th/s:" box.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
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December 10, 2015, 09:47:21 PM
 #4132

 Grin congrats to 17UhZWXLyiHmPmAb4VdFweGWRYY52qjxwp for the solved Block!

http://ckpool.org "THE Pool" from the creator of CGMiner & CKPool / Payout System:SPLNS / ZERO FEE!
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-ck
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December 10, 2015, 09:48:17 PM
 #4133

Grin congrats to 17UhZWXLyiHmPmAb4VdFweGWRYY52qjxwp for the solved Block!

Code:
[2015-12-10 21:45:28.675] Possible block solve diff 647849762141.639893 !
[2015-12-10 21:45:29.020] BLOCK ACCEPTED!
[2015-12-10 21:45:29.021] Solved and confirmed block 387759 by 17UhZWXLyiHmPmAb4VdFweGWRYY52qjxwp
[2015-12-10 21:45:29.021] User 17UhZWXLyiHmPmAb4VdFweGWRYY52qjxwp:{"hashrate1m": "68.1T", "hashrate5m": "69.7T", "hashrate1hr": "69.6T", "hashrate1d": "69.1T", "hashrate7d": "66.8T"}
[2015-12-10 21:45:29.021] Worker 17UhZWXLyiHmPmAb4VdFweGWRYY52qjxwp:{"hashrate1m": "68.1T", "hashrate5m": "69.7T", "hashrate1hr": "69.6T", "hashrate1d": "69.1T", "hashrate7d": "66.8T"}

https://www.blocktrail.com/BTC/block/000000000000000001b27814c724452214409f04d1bf500b9f17a721c414254b

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
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December 10, 2015, 09:51:37 PM
 #4134

Cheeseater ... lucky man ! Congrats ;-)
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December 10, 2015, 09:53:14 PM
 #4135

and 2256 Transaction 974 KB !!!

http://ckpool.org "THE Pool" from the creator of CGMiner & CKPool / Payout System:SPLNS / ZERO FEE!
------------------------------------------- join now -----------------------------------------------
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-ck
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December 10, 2015, 09:57:34 PM
 #4136

and 2256 Transaction 974 KB !!!

Some healthy fees in that block too!
Yes indeed, I always pack the shit out of the blocks Cheesy

There were almost 2% in fees from transactions in that block. I'm aiming to make solo blocks the reference for the largest average sized blocks.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
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December 10, 2015, 10:27:02 PM
 #4137

What does the "Disconnected": 113 mean?

Dead Miners?
 

Code:
{"runtime": 1276807, "lastupdate": 1449786295, "Users": 299, "Workers": 2247, "Idle": 464, "Disconnected": 113}
{"hashrate1m": "3.86P", "hashrate5m": "3.86P", "hashrate15m": "3.71P", "hashrate1hr": "3.21P", "hashrate6hr": "2.67P", "hashrate1d": "2.3P", "hashrate7d": "1.92P"}
{"SPS1m": 474.03318450308444, "SPS5m": 445.13752867642756, "SPS15m": 377.70875108862651, "SPS1h": 273.81231990987868}

http://ckpool.org "THE Pool" from the creator of CGMiner & CKPool / Payout System:SPLNS / ZERO FEE!
------------------------------------------- join now -----------------------------------------------
http://solo.ckpool.org for Solominers with the best block notify system
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December 10, 2015, 10:33:07 PM
 #4138

There were almost 2% in fees from transactions in that block. I'm aiming to make solo blocks the reference for the largest average sized blocks.

That's a great goal, not only for network health (if only every pool has such priorities), but also for preparation of the halving next year where tx fees will make up a much higher percentage of the total block solve reward.
PublicP2poolNode
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December 10, 2015, 10:50:36 PM
 #4139

With the tremendous expected increase in difficulty coming up is it a waste of money to rent hashpower now? Would it be better to wait until the difficulty rises and you get more hashpower for your money or does it matter?

WINGS Beta is live - List your ICO for only 5000 WINGS at https://wings.ai Over $650 Million raised by ICOs with WINGS since June 2017
-ck
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December 10, 2015, 11:07:42 PM
 #4140

With the tremendous expected increase in difficulty coming up is it a waste of money to rent hashpower now? Would it be better to wait until the difficulty rises and you get more hashpower for your money or does it matter?
That's the opposite of what most people would say... As the difficulty rises, renting the same amount of hashpower is less likely to find a block. However what you'll find is as the difficulty rises, rentals will get cheaper for the same absolute hashrate but be pretty much the same relatively...
So overall, nothing much will change and you're gambling on what you think rental prices will be and so on.

Developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org, 1% Fee Solo mining at solo.ckpool.org
-ck
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