Bitcoin Forum
December 04, 2016, 12:01:17 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: At what point is Solo Mining good? How much Ghash do you need?  (Read 4234 times)
David_Benz
Donator
Jr. Member
*
Offline Offline

Activity: 56

you got hacked bitch!


View Profile
June 03, 2012, 07:24:40 PM
 #1

Title.

I will have 25 Ghash by end of month.  Should I solo mine, or GPUMax still?

Wont I have a decent chance at getting the entire 50 BTC a few times a month?

I am the Bitcoinica Hacker.
1480809677
Hero Member
*
Offline Offline

Posts: 1480809677

View Profile Personal Message (Offline)

Ignore
1480809677
Reply with quote  #2

1480809677
Report to moderator
1480809677
Hero Member
*
Offline Offline

Posts: 1480809677

View Profile Personal Message (Offline)

Ignore
1480809677
Reply with quote  #2

1480809677
Report to moderator
1480809677
Hero Member
*
Offline Offline

Posts: 1480809677

View Profile Personal Message (Offline)

Ignore
1480809677
Reply with quote  #2

1480809677
Report to moderator
"You Asked For Change, We Gave You Coins" -- casascius
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480809677
Hero Member
*
Offline Offline

Posts: 1480809677

View Profile Personal Message (Offline)

Ignore
1480809677
Reply with quote  #2

1480809677
Report to moderator
1480809677
Hero Member
*
Offline Offline

Posts: 1480809677

View Profile Personal Message (Offline)

Ignore
1480809677
Reply with quote  #2

1480809677
Report to moderator
1480809677
Hero Member
*
Offline Offline

Posts: 1480809677

View Profile Personal Message (Offline)

Ignore
1480809677
Reply with quote  #2

1480809677
Report to moderator
zvs
Legendary
*
Offline Offline

Activity: 1386



View Profile WWW
June 03, 2012, 07:43:37 PM
 #2

sure, I have 8 blocks solved in about 2 months @ 5ghash

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
David_Benz
Donator
Jr. Member
*
Offline Offline

Activity: 56

you got hacked bitch!


View Profile
June 03, 2012, 07:44:22 PM
 #3

sure, I have 8 blocks solved in about 2 months @ 5ghash

Serious?!?!

I am the Bitcoinica Hacker.
zvs
Legendary
*
Offline Offline

Activity: 1386



View Profile WWW
June 03, 2012, 07:46:23 PM
 #4

sure, I have 8 blocks solved in about 2 months @ 5ghash

Serious?!?!
yah,

it's

https://www.maxbtc.com/top-miners

zevus on there

and i had never mined on there until about 2 months ago.  so, near current difficulty level

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
David_Benz
Donator
Jr. Member
*
Offline Offline

Activity: 56

you got hacked bitch!


View Profile
June 03, 2012, 07:48:40 PM
 #5

sure, I have 8 blocks solved in about 2 months @ 5ghash

Serious?!?!
yah,

it's

https://www.maxbtc.com/top-miners

zevus on there

and i had never mined on there until about 2 months ago.  so, near current difficulty level

aahh lol that is a pool bro, I mean solo mining!!!  Not using a pool.

I am the Bitcoinica Hacker.
Newar
Legendary
*
Offline Offline

Activity: 1148


https://gliph.me/hUF


View Profile
June 03, 2012, 08:04:06 PM
 #6

http://www.alloscomp.com/bitcoin/old_calculator.php

https://en.bitcoin.it/wiki/Generation_Calculator

OTC rating | GPG keyid 1DC91318EE785FDE | Gliph: lightning bicycle tree music | Mycelium, a swift & secure Bitcoin client for Android | LocalBitcoins
David_Benz
Donator
Jr. Member
*
Offline Offline

Activity: 56

you got hacked bitch!


View Profile
June 03, 2012, 08:07:16 PM
 #7


Calculators and estimations are great.

But I am looking for a human to tell me from their experiences.

Thanks!

I am the Bitcoinica Hacker.
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
June 03, 2012, 08:26:57 PM
 #8

If you can handle the variance, and don't need to use the profits to pay bills....then maybe. I used to recommend 60 or more, but these days I might say closer to 100, especially if you are a bit averse to variance. Take a look at several small pools and find the longest time between blocks - then assume that each block could take that long unless you get lucky.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
David_Benz
Donator
Jr. Member
*
Offline Offline

Activity: 56

you got hacked bitch!


View Profile
June 03, 2012, 08:31:06 PM
 #9

If you can handle the variance, and don't need to use the profits to pay bills....then maybe. I used to recommend 60 or more, but these days I might say closer to 100, especially if you are a bit averse to variance. Take a look at several small pools and find the longest time between blocks - then assume that each block could take that long unless you get lucky.

Cool thanks bro!

I am the Bitcoinica Hacker.
Newar
Legendary
*
Offline Offline

Activity: 1148


https://gliph.me/hUF


View Profile
June 03, 2012, 09:38:34 PM
 #10

Calculators and estimations are great.

But I am looking for a human to tell me from their experiences.

Thanks!
Don't want to be a pain, but how would other peoples' experiences change the fact that it might work for you tomorrow or maybe only in a few months? Or somewhere in between?

If I'd tell you it'll work for you in two weeks and then it doesn't - would this influence your opinion of me?

OTC rating | GPG keyid 1DC91318EE785FDE | Gliph: lightning bicycle tree music | Mycelium, a swift & secure Bitcoin client for Android | LocalBitcoins
David_Benz
Donator
Jr. Member
*
Offline Offline

Activity: 56

you got hacked bitch!


View Profile
June 03, 2012, 09:41:34 PM
 #11

Calculators and estimations are great.

But I am looking for a human to tell me from their experiences.

Thanks!
Don't want to be a pain, but how would other peoples' experiences change the fact that it might work for you tomorrow or maybe only in a few months? Or somewhere in between?

If I'd tell you it'll work for you in two weeks and then it doesn't - would this influence your opinion of me?

I do not like sentences that start with "if" on this forum.

I am the Bitcoinica Hacker.
mdude77
Legendary
*
Offline Offline

Activity: 1358


View Profile
June 04, 2012, 02:07:08 AM
 #12

Title.

I will have 25 Ghash by end of month.  Should I solo mine, or GPUMax still?

Wont I have a decent chance at getting the entire 50 BTC a few times a month?

Ozcoin it.

You _may_ end up ahead soloing, but not likely.

M

MMinerMonitor author, monitor/auto/schedule reboots/alerts/remote/MobileMiner for Ants and Spondoolies! Latest (5.2). MPoolMonitor author, monitor stats/workers for most pools, global BTC stats (current/nxt diff/USD val/hashrate/calc)! Latest (v4.2) 
Buyer beware of Bitmain hardware and services.
Tittiez
Hero Member
*****
Offline Offline

Activity: 686



View Profile
June 04, 2012, 02:35:41 AM
 #13

Solomining, there is a chance you could find 20 blocks in a day, and be totally rich! Or, you may mine for years without a single block. GPUMax + Another Pull guarantees steady payouts and bonus from public work. The only way you would make more solomining was if your lucky. If your not lucky then you could spend eternity without any bitcoins.

Is it worth that chance? I would choose a pool over solomining honestly.
drakahn
Hero Member
*****
Offline Offline

Activity: 504



View Profile
June 04, 2012, 03:08:15 AM
 #14

Gpumax pays better than solomining would equal out to over time

14ga8dJ6NGpiwQkNTXg7KzwozasfaXNfEU
zvs
Legendary
*
Offline Offline

Activity: 1386



View Profile WWW
June 04, 2012, 11:36:58 PM
 #15

sure, I have 8 blocks solved in about 2 months @ 5ghash

Serious?!?!
yah,

it's

https://www.maxbtc.com/top-miners

zevus on there

and i had never mined on there until about 2 months ago.  so, near current difficulty level

aahh lol that is a pool bro, I mean solo mining!!!  Not using a pool.

so what?  it still shows my shares and blocks solved

did you just buy this 25ghash off of someone recently or something?

wtf

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
June 04, 2012, 11:57:54 PM
 #16

so what?  it still shows my shares and blocks solved

did you just buy this 25ghash off of someone recently or something?

wtf
Solving blocks on a pool is very different from solving them solo. Although it mathematically is the same and will even out over time, in real life it is less than ideal due to a number of factors.

For instance, a pool has a high speed low latency internet connection to push blocks out ASAP, whereas a solo miner's home internet connection might just be a tad slow and result in orphans. And orphans are no fun when it happens after a long run of no blocks, say after a month or so. Sad

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
jkminkov
Hero Member
*****
Offline Offline

Activity: 534


View Profile
June 05, 2012, 10:27:36 AM
 #17


when your 95% average is bellow 24h then you can mine solo, with current difficulty that makes 237Ghash/s, good luck!

Bleutrade
600 dollars in one place talking - Dudes, hooray, Bitcoin against us just one, but we are growing in numbers!
rjk
Sr. Member
****
Offline Offline

Activity: 420


1ngldh


View Profile
June 05, 2012, 11:52:02 AM
 #18


when your 95% average is bellow 24h then you can mine solo, with current difficulty that makes 237Ghash/s, good luck!
That's not a "requirement" or anything, it's just if you hate risk and variance. If your electricity bill is less than say $350, a block a month would break even.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
jkminkov
Hero Member
*****
Offline Offline

Activity: 534


View Profile
June 06, 2012, 06:04:09 AM
 #19

yeah... block a month... but maybe 6 months would pass and difficulty changes 12 times until you find yours...

Bleutrade
600 dollars in one place talking - Dudes, hooray, Bitcoin against us just one, but we are growing in numbers!
kano
Legendary
*
Offline Offline

Activity: 1918


Linux since 1997 RedHat 4


View Profile
June 06, 2012, 01:29:47 PM
 #20

My common comment on the subject ...
The highest variance I've seen so far was a deepbit block of 825%
(there may have been worse, but that's the highest I've seen)
So, although it could get worse, it's not very likely to be much worse than about ~8 times.

Someone with a stats major can work out the probability of an 8 times variance if they like Tongue

Anyway, what that means of course is that if you are solo mining at a rate with an average expectation of a block every week, it's not improbable for you to get no blocks for 8 weeks ...

Whatever your average expected block time is, imagine if you could deal with it being 8x that to find a block ...
If 8x is OK , then yep solo mining is for you.
If 8x makes you want to cringe and pull your hair out, then solo mining is not for you.

Pool: https://kano.is BTC: 1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb
CKPool and CGMiner developer, IRC FreeNode #ckpool and #cgminer kanoi
Help keep Bitcoin secure by mining on pools with Stratum, the best protocol to mine Bitcoins with ASIC hardware
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!