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

[-ck]

The pool's looking nice and stable, so there shouldn't be any more restarts in the near future. We have over 70 clients connected now, though the total hashrate is not that much (but that's fine since the total pool hashrate does not have any effect on any one miner's chance of finding a block). At the moment the demand is not high, but it wouldn't be too much work to set up standalone nodes elsewhere in the world. This pool instance is currently located in LA.

I've just upgraded the relay network used by this pool as described here:
https://bitcointalk.org/index.php?topic=766190.0

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[xcoinsdk]

Hi, noob here so don't yell at me for asking a stupid question. You may laugh, but don't yell 

I am a non-tech, but very interested in bitcoins and the whole idea of it.

I am really happy that you provide a service to solo mine. I only know of 3 others and the only reason I am not using them is, that they don't reply back to my question.

Yes it might be a dumb question but I hope you will reply back anyway, so noobs like me can learn a little. (Noob everywhere I am taking this one for you guys!)

Errhmm.. so here it goes...

If I solo mine with you, with my knc jupiter, does my bitcoin-qt wallet on my desktop computer (where my bitcoin-adress is at) always be turned on? or can I just turn the desktop computer off, because the knc jupiter connects directly to your solo mining service?

Thank you in forward for your time and help.

Best regards,

[-ck]

Hi, noob here so don't yell at me for asking a stupid question. You may laugh, but don't yell 

I am a non-tech, but very interested in bitcoins and the whole idea of it.

I am really happy that you provide a service to solo mine. I only know of 3 others and the only reason I am not using them is, that they don't reply back to my question.

Yes it might be a dumb question but I hope you will reply back anyway, so noobs like me can learn a little. (Noob everywhere I am taking this one for you guys!)

Errhmm.. so here it goes...

If I solo mine with you, with my knc jupiter, does my bitcoin-qt wallet on my desktop computer (where my bitcoin-adress is at) always be turned on? or can I just turn the desktop computer off, because the knc jupiter connects directly to your solo mining service?

Thank you in forward for your time and help.

Best regards,

You can leave it off for as long as you like. The bitcoin blockchain has a permanent record if money goes into your wallet. You just have to wait for your wallet to sync up when you turn the computer back on for it to realise it has been filled.

[727miner]

This is great, I pointed my s2 to it & am crossing my fingers!

[-ck]

This is great, I pointed my s2 to it & am crossing my fingers!

Heh, good luck 

Rest assured that if anyone finds a block, you'll all be informed here, though I'm sure you're all watching your wallets hopefully...

[Reynaldo]

con, i've started mining on slush with 990 GH/s, would you recommend me to use your pool as a secondary pool?

[-ck]

con, i've started mining on slush with 990 GH/s, would you recommend me to use your pool as a secondary pool?

This particular pool is rather different to other pools. The vast majority of people mining on this pool will make no money whatsoever, but every so often someone will get lucky and make a mini fortune. Some people prefer to do this by default if they're unlikely to ever recoup the costs of the hardware they purchased in the hope of making a huge profit. These people will put this pool as the primary pool they operate on. If that is not how you wish to mine, then this is not the primary pool for you. However, due to various conditions on the internet which may lead to loss of connectivity from your primary pool and even multiple back up pools (such as DDoS attacks, hardware and network instability), every miner should still have a "last resort" backup which is solo mining. While solo mining will not lead to consistent profits for most miners, the fact is that if every single miner mines solo, the bitcoin network itself remains safe, transactions get propagated, and the protection is maximally decentralised. So even if a miner does not wish to take the great risk associated with solo mining as their primary mining source, every single miner out there should have a solo mining setup as their final backup. This pool provides an extremely easy way to effectively mine solo as your last backup without the overheads of running and maintaining a high bandwidth resource hungry low latency bitcoin node that is hard to do in a home environment. So yes, I would recommend that if you do not have a robust solo mining solution as your final backup in your home, you should use this pool.

[xcoinsdk]

con, i've started mining on slush with 990 GH/s, would you recommend me to use your pool as a secondary pool?

While solo mining will not lead to consistent profits for most miners, the fact is that if every single miner mines solo, the bitcoin network itself remains safe, transactions get propagated, and the protection is maximally decentralised.

This is the main reason I am going to solo mine (just as soon as mmpool has found a block, I have used many days there, so I dont want to move now and waste all that time).

My hashpower is not that much only around 700GH/s with KnC Jupiter, so I am not thinking that I will ever find af block with this hardware, so its mainly to help the bitcoin society and maybe if I get lucky I can cover my expenses. I am living in Denmark and the price for electricity is very high here. I pay around USD 250 per MONTH to run this hardware. Yep, I know.

I want to ask if you have plans on making this so we can merge mine f.ex. Namecoin. At least maybe it would be luckier to find a block in Namecoin and cover some of the expenses to my electricity.

[-ck]

I want to ask if you have plans on making this so we can merge mine f.ex. Namecoin. At least maybe it would be luckier to find a block in Namecoin and cover some of the expenses to my electricity.

ckpool will not be merge mining anything. Monetising virtually worthless altcoins is a mistake and adds nothing but instability and only makes it look like the rewards are better. I'm concentrating on stability and scaleability with low fees which ultimately lead to better rewards.

[jborkl]

Con, if you don't mind can you pm me the fee address. I can use it to add the pool into my database so ckpool will show up.

[Gws24]

@jborkl: it's in the OP: 1PKN98VN2z5gwSGZvGKS2bj8aADZBkyhkZ

BTW, have decided to mine here as a lottery with my 3 am usb block erupters for a whopping 1 GH/s ... lol

[-ck]

BTW, have decided to mine here as a lottery with my 3 am usb block erupters for a whopping 1 GH/s ... lol

Woohoo, that'll make the blocks roll in in no time!

[Gws24]

Yeah, expecting to hit one any day now  

.....or in 2000 years or something like that lol

[lowbander80]

its for fun so there is no expectations....
I mine also with my cpu (using cpuminer) and in my office with USB miner
I dont know how I will look the balance on my wallet when and if there is something found....
thanks

[xiaoma9hao]

   expect

[pekatete]

Just wondering, can we not have the best of both worlds by solo-mining AND submiting to a pool at the same time?
I am thinking along the lines of having a mining proxy opening connections (chats) and first submiting to the solo-minig chat then to the pool such that if you "discover" a block, you win it with the intial submission and though you go ahead and submit the same share to the pool, it is of no effect.

Would this require a special implementation of the pool and what does it take to mine directly rather than through a solo mining pool such as this one?

[Krak]

Just wondering, can we not have the best of both worlds by solo-mining AND submiting to a pool at the same time?
I am thinking along the lines of having a mining proxy opening connections (chats) and first submiting to the solo-minig chat then to the pool such that if you "discover" a block, you win it with the intial submission and though you go ahead and submit the same share to the pool, it is of no effect.

Would this require a special implementation of the pool and what does it take to mine directly rather than through a solo mining pool such as this one?

Thankfully, this is impossible. Pools send out work that pay to their own addresses and there's no way of changing that. Even if there was a way of doing it, any pool that you do it to has every right to ban you because you would be stealing from them.

[pekatete]

Thankfully, this is impossible. Pools send out work that pay to their own addresses and there's no way of changing that. Even if there was a way of doing it, any pool that you do it to has every right to ban you because you would be stealing from them.

You miss the point completely.
I was insinuating to the technical feasibility of implementing a pool that would offer both solo-mining AND pool mining (if that makes sense), thus the issue of being banned by the pool would not arise.

So the question still stands, is it technically feasible to implement one? by the way, from the small miner's point of view, this will just ensure that all mining is at least rewarded. I play the lottery every week, but that does not mean I have to give up the day job!

[Krak]

You miss the point completely.
I was insinuating to the technical feasibility of implementing a pool that would offer both solo-mining AND pool mining (if that makes sense), thus the issue of being banned by the pool would not arise.

So the question still stands, is it technically feasible to implement one? by the way, from the small miner's point of view, this will just ensure that all mining is at least rewarded. I play the lottery every week, but that does not mean I have to give up the day job!

How exactly would the "pool" get paid? All of the coins from the block go to whoever finds it. If you take coins from that person, it just becomes another pool.

[pekatete]

How exactly would the "pool" get paid? All of the coins from the block go to whoever finds it. If you take coins from that person, it just becomes another pool.

Come off it! How does this solo pool get paid? If you find the block, then you get 99.95% of the 25 BTC it is worth, the rest to the pool.
In the same breath I'd add, the "normal" pool mining would say incur a flat rate for paying out to your address (not rocket science, but the pool gets paid then!)

But I digress, the question was is that kind of pool technically feasible to implement (or am I barking mad because that is what P2Pool is)?