Monero Distributed Mining Initiative - BCX attack denied

[pa]

UPDATE: Please consider SOLO mining, if you have to use pool make sure to use backups. BCX will try to DDOS pools in order to gain more control of the network so he more easily pull of the attack. BCX took down poloniex just minutes ago.

Instructions for solo mining with private pool here

THIS

Does anyone have a step-by-step guide to setting up jwinterm's AMI to solo-mine? I have it pool-mining, but solo-mining using the above link is a bit over my head.

[jwinterm]

Does anyone have a step-by-step guide to setting up jwinterm's AMI to solo-mine? I have it pool-mining, but solo-mining using the above link is a bit over my head.

You gotta have some serious hash if you want to solo mine, pa, or be willing to keep your AMI instance running for a long time. Optimistically, you will get 650 h/s per instance on Amazon. Current difficulty is 1.14e9, so you would need on average 1.14e9 hashes / 650 h/s = 1.75e6 seconds = 20 days or so, and with variance that could be well over a month, and also difficulty may increase significantly in the next month as well.

Unless you plan on running the instance(s) for several weeks at least, or you're going to run 20-30 instances, I wouldn't even worry about trying to solo mine. I would just recommend using a pool with less than 100 kh/s. You can find a list of smaller pools with here: http://minexmr.com/pools.html
scroll down to see smaller pools.

[pa]

Does anyone have a step-by-step guide to setting up jwinterm's AMI to solo-mine? I have it pool-mining, but solo-mining using the above link is a bit over my head.

You gotta have some serious hash if you want to solo mine, pa, or be willing to keep your AMI instance running for a long time. Optimistically, you will get 650 h/s per instance on Amazon. Current difficulty is 1.14e9, so you would need on average 1.14e9 hashes / 650 h/s = 1.75e6 seconds = 20 days or so, and with variance that could be well over a month, and also difficulty may increase significantly in the next month as well.

Unless you plan on running the instance(s) for several weeks at least, or you're going to run 20-30 instances, I wouldn't even worry about trying to solo mine. I would just recommend using a pool with less than 100 kh/s. You can find a list of smaller pools with here: http://minexmr.com/pools.html
scroll down to see smaller pools.

Ok, thanks for the clarification. First time miner here!

[TheMage]

I found this good summary of the situation:

http://bullbearanalytics.com/2014/09/23/whats-going-monero/

Thank you very much for this, i was wondering wtf was going on.

[ButtcoinEXpress]

http://fc09.deviantart.net/fs70/f/2013/130/9/d/spongebob_butthurt_by_nokari-d63nnd4.jpg

[ibuyltc]

Minergate.com would be a great option.  They are pretty low on hash and offer noob friendly GUI miner.

Seriously its as easy as download, install, set to maximum number of CPU/GPU theads then click Start.  They even offer web-based mining so you can still help contribute hash while browsing the net!