Pointing your own miner towards your own TX ?

[Sakarias-Corporation]

is it possible to point your own Miners towards a specific adress ? to make the confirmations go faster ?

[runpaint]

The hard part is pointing your miner to the next block.  If you can find the next block, you should be able to make your transaction more likely to be in the block.

Or you could just pay a higher fee

[DannyHamilton]

is it possible to point your own Miners towards a specific adress ? to make the confirmations go faster ?

It is possible to attempt to mine your own transactions, but unless you have more then 190 petahash per second in mining equipment, it won't make your confirmations occur any faster.  For that matter, if you don't share your transaction with other miners, it will actually take longer, since your transaction won't confirm until you solve a block yourself.

[odolvlobo]

In short, you can solo mine your own transactions, but the chances of your low priority tx getting in the next block depends on your portion of the total hash rate.

[thriftshopping]

is it possible to point your own Miners towards a specific adress ? to make the confirmations go faster ?

The answer to your question really depends on what exactly you are asking.

If you are asking if you can solo mine with the goal of getting a transaction confirmed quicker then yes you can do that however this would really be a moot point unless you are trying to broadcast a transaction with either a 'lot' of inputs or a 'lot' of outputs and are not paying a sufficient fee.

If you are asking if you can mine so that the block reward goes to 'your' address, then this is what every pool (except eligius) does as the block reward goes to the pool's address and then the pool will in turn pay the pool's users. (or someone who is solo mining will simply have the block reward go to their own address)

[Sakarias-Corporation]

Date Registered:    August 27, 2014, 09:46:50 AM

You had fucking 8 months and still dont understand how btc mining/blockchain works?

Get the fck off scammer.

Now if you're so good, please tell me why I can not point my miner towards a specific transaction to get to confirm quicker.

[Sakarias-Corporation]

is it possible to point your own Miners towards a specific adress ? to make the confirmations go faster ?

The answer to your question really depends on what exactly you are asking.

If you are asking if you can solo mine with the goal of getting a transaction confirmed quicker then yes you can do that however this would really be a moot point unless you are trying to broadcast a transaction with either a 'lot' of inputs or a 'lot' of outputs and are not paying a sufficient fee.

If you are asking if you can mine so that the block reward goes to 'your' address, then this is what every pool (except eligius) does as the block reward goes to the pool's address and then the pool will in turn pay the pool's users. (or someone who is solo mining will simply have the block reward go to their own address)

I have a address that revives and sends out hundreds and hundreds of tx everyday, some of them are so small that the fee needs to be so low that it really don't matter. That's why I thought it would be a good idea to point some of my miners towards some specific transactions to make them confirm faster.

[DannyHamilton]

- snip -
please tell me why I can not point my miner towards a specific transaction to get to confirm quicker.

Because mining requires solving a block.  The bitcoin protocol automatically adjusts the block solving difficulty every 2016 blocks to keep the average time between blocks close to 10 minutes.  That's 10 minutes on average for the entire world's bitcoin block hashing power to solve a block.

If you decide to try and solve a block all by yourself, then the amount of time that it will take you will be 10 minutes times the ratio of the world's hash power that you control.

The bitcoin network currently has a total approximately 370 petahashes per second.  If we assume that you control approximately 5 terahashes per second of hash power with all of your miners combined, then it will take you on average:
370000 Th/s globally divided by 5 Th/s under your control times 10 minutes = 740000 minutes to solve a block and confirm any transactions that you decide to include in your block.

That's more than 500 days.

If you have less than 5 Th/s, then it will take you even longer.

[Mikestang]

About all you can do is make sure you have a good connection to high speed, low latency bitcoin nodes for rapid block change notification and propagation.  There's nothing you can do to speed up the confirmation process, that's part of the code of bitcoin.

[odolvlobo]

Date Registered:    August 27, 2014, 09:46:50 AM

You had fucking 8 months and still dont understand how btc mining/blockchain works?

Get the fck off scammer.

Now if you're so good, please tell me why I can not point my miner towards a specific transaction to get to confirm quicker.

seriouscoin is an annoying troll. You can ignore him. I do.

[ticoti]

That is impossible, you can only mine as everybody mines, and if you want to solve a block you have to be a big in the mining world

[Spjuth]

is it possible to point your own Miners towards a specific adress ? to make the confirmations go faster ?

The answer to your question really depends on what exactly you are asking.

If you are asking if you can solo mine with the goal of getting a transaction confirmed quicker then yes you can do that however this would really be a moot point unless you are trying to broadcast a transaction with either a 'lot' of inputs or a 'lot' of outputs and are not paying a sufficient fee.

If you are asking if you can mine so that the block reward goes to 'your' address, then this is what every pool (except eligius) does as the block reward goes to the pool's address and then the pool will in turn pay the pool's users. (or someone who is solo mining will simply have the block reward go to their own address)

I have a address that revives and sends out hundreds and hundreds of tx everyday, some of them are so small that the fee needs to be so low that it really don't matter. That's why I thought it would be a good idea to point some of my miners towards some specific transactions to make them confirm faster.

If you have miners running they are most likely mining for a pool of miners. Then it's up to the pool operator to decide what transactions to confirm. Your miners are only doing what the pool operator tells them.