Solo mining just for luck, realistic? - Bitcoin Stack Exchange

MinCoin

Mincoin (MNC) is a decentralized cryptocurrency and a direct descendant of Litecoin designed for optimal transaction processing with a target block spacing of only 60 seconds. Like Bitcoin and Litecoin, Mincoin is a peer-to-peer electronic cash system released into the public domain as free and open source software.
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Solo Mining Bitcoin Node

I have a Gekko NewPac USB miner that I bought for fun while getting started. Overclocked, I average around 50 Gh/s.
The machine it’s connected to has a full Bitcoin Node on it. I’ve enabled the wallet, and would like to point my Gekko miner at the node via cgminer for solo mining, just as a lottery. I know the odds.
I’ve tried following several guides, but they are all fairly old. Is this still possible? And if so, can anybody help me with the bitcoin.conf file?
submitted by travelsandtrivia to BitcoinBeginners [link] [comments]

Solo mine Bitcoin ABC?

Ignoring whether or not it is profitable, can it still be done with the Bitcoin ABC client? I see this capability was removed from Bitcoin Core some time ago.
Edit: Yes it can, with GPU or ASIC.
submitted by cccmikey to btc [link] [comments]

solo mining- I want to buy hash power and solo mine bitcoin, what are my odds of getting a bitcoin block?

solo mining- I want to buy hash power and solo mine bitcoin, what are my odds of getting a bitcoin block?
submitted by JammyTor to NiceHash [link] [comments]

Solo Mining Bitcoin and Is it Profitable? #cryptocurrency #eth #ico Cryptocurrency Terms and FAQ… https://t.co/hTb0h0zRyk - Crypto Insider Info - Whales's

Posted at: September 19, 2018 at 07:08AM
By:
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submitted by cryptotradingbot to cryptobots [link] [comments]

Solo mine Bitcoin ABC? /r/btc

Solo mine Bitcoin ABC? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Any ways to do bitcoin mining nowadays as a solo person not some huge rich company?? I am talking £100 a month would be a nice passive addition, don’t beed thousands..

Anybody else doing this?
submitted by RedditUK1900 to Bitcoin [link] [comments]

Any ways to do bitcoin mining nowadays as a solo person not some huge rich company?? I am talking £100 a month would be a nice passive addition, don’t beed thousands.. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Need advice on starting a Bitcoin mining setup!

Hello all I am planning on buying a 300 GH/s ASIC miner
(https://products.butterflylabs.com/300-gh-bitcoin-mining-card.html)
I was wondering if someone could tell me how to solo mine bitcoins and if this product is worth the money. And also would I really be making hundreds of dollars a month if I constantly mine 24/7? Thank you!
submitted by agartumiljao to BitcoinMining [link] [comments]

Setting up solo mining just targeting USB erupters? PC/Mac?

I am having trouble trying to get solo mining started on either my PC or Mac. I have a PC set up that is using three 7950s that are mining Litecoins. I'd like to have my 2 USB erupters solo mining Bitcoins for fun on the same system. I have the drivers installed for the USB miners and my system recognizes them.
I am starting Bitcoin-QT as -server
My bitcoin.conf looks like this: listen=1 server=1 rpcuser=user rpcpassword=pass
I set up a BFG .bat like this: bfgminer.exe -o 127.0.0.1:8332 -O -u user -p pass
When I launch that, BFG just crashes. I have also tried it with CGminer and that crashes also. I'd like to keep CGminer on the cards Litecoin mining and use BFG for the USB miners.
How do I get BFG to work just with the USBs? Also, do I need to input a Bitcoin address somewhere so if I did solve something I get the payout?
Sometimes, I do more work on my Mac and am also trying to set up the USBs to mine on a Mac using Diablo miner. Will that work the same way as the PC setup once we get it figured out?
Thanks for any help.
submitted by PoisonCoyote to BitcoinMining [link] [comments]

Luck vs Probability and Time

You'll hear some say that it's impossible to solo mine bitcoin now. Other say it's not impossible, it's almost impossible you would have to be lucky. Others say it will take you 300 years to find a block at that rate. Some I've read say they will solo mine for fun because it's like a lottery.
How do these calculations work and which is true?
Is it really based on time and how long you have your miner running?
Is it possible for a slower machine to find a block than a faster machine?
Can mining be compared to a lottery? A slower machine might find a block based on luck?
submitted by antiquesons to Bitcoin [link] [comments]

Is it worth to Solo Mine?

Is it worth it to solo mine bitcoins? I want to earn more than what im getting now
submitted by mickey736 to Bitcoin [link] [comments]

So there's a coin that has more solo miners than all the Bitcoins, Litecoin and Ethereum put together? And it scales to MILLIONS of mining modes using Wolfram research? #3 total node count behind BTC and ETH and in testnet? Stephen Wolfram and DIffie are advisers... You're joking right?

So there's a coin that has more solo miners than all the Bitcoins, Litecoin and Ethereum put together? And it scales to MILLIONS of mining modes using Wolfram research? #3 total node count behind BTC and ETH and in testnet? Stephen Wolfram and DIffie are advisers... You're joking right? submitted by finish-the-thought to CryptoCurrency [link] [comments]

SOLO MINING - Bitcoin Classic Token

(with MVi Tokenminer | Download (Win,Linux) >>LINK<<)
  1. Run a local ETC node (with geth or parity), or using a public node (for example: node.classicbitcoin.org) to submit your mining solutions
  2. Edit the "tokenminer.ini" file as follows, and save it:

Host=node.classicbitcoin.org RPCPort=8545 or for a local node Host=127.0.0.1 RPCPort=8545 [...] MinerAcct= AcctPK= [...] TokenContract=0x1be6d61b1103d91f7f86d47e6ca0429259a15ff0 [(or 0x8B8cC32993e17F9b32325EF964157a507451c9B3 for testnet)] [...] GasPrice=1 GasLimit=100000 

ATTENTION!

If you have multiple mining rigs, specify a shared network folder to make sure, multiple miners don't try to submit a solution for the same challenge. eg. ChallengeFolder=\DESKTOP\folder_name 3. Edit the "tokenminer.ini" file and change "-P" to "-S" for solo mining, and "--opencl-platform" to '1' for AMD GPU/s or '0' for Nvidia GPU/s

Note : Use the "list-devices.bat" file to find the correct DeviceID for the miner. Use this number for

AMD

.\tokenminer.exe -G -S --opencl-platform  

Nvidia

.\tokenminer.exe -G -S --opencl-platform  
OR

CPU only

.\tokenminer.exe -C -S --opencl-platform  
Telegram
Discord
submitted by MM_MarioMichel to BitcoinClassicToken [link] [comments]

Bitcoin CZ PoW Adjustments Kick In at Block 6789. Viable Solo Mining for Low End CPU users!!!!

Bitcoin CZ PoW Adjustments Kick In at Block 6789. Viable Solo Mining for Low End CPU users!!!! submitted by _BEANER to GravityCoinOfficial [link] [comments]

How do I mine bitcoin (preferably solo)?

Don’t say I should join a group, as despite my 1in a trillion chance, I’d still like to test my luck... (Looking for a software to use)
submitted by DantheOPMan to btc [link] [comments]

S9 Solo bitcoin mining - Step by step guide

I have a few S9 miners and I wish to solo mine with them against bitcoin core with no other party involved. Eventually thinking about hosting a small local mining pool.
Does anyone have a step by step guide to setting up the mining operation with the antminers?
submitted by Thruon to BitcoinMining [link] [comments]

Mixed pool and solo mining to improve mining decentralization /r/Bitcoin

Mixed pool and solo mining to improve mining decentralization /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Mixed pool and solo mining to improve mining decentralization /r/Bitcoin

Mixed pool and solo mining to improve mining decentralization /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

solo mine with bitcoin abc and bfgminer

Just for the fun of it.....
bitcoin-qt.exe -server=1 -rpcuser=michael -rpcpassword=pass -rpcthreads=4 -rpcallowip=192.168.1.8 -rpcport=8332 -rpcbind=192.168.1.8
bfgminer -o http://192.168.1.8:8332 -u michael -p pass --no-stratum -S opencl:auto --verbose --coinbase-addr 18SHLhskjwg7Sq7c45De8XS6mjke4f3nTb --coinbase-sig "Dan Conrad"
submitted by DanConrad to BitcoinABC [link] [comments]

Stupid Question: Is solo mining like tossing a >Trillion sided die or is it like flying a slow ship to a far away star? /r/Bitcoin

Stupid Question: Is solo mining like tossing a >Trillion sided die or is it like flying a slow ship to a far away star? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

bitcoin.conf for solo mining

I've done this a long time ago. It never was a problem. Nowadays I don't get it to work. Would be great to get some help:
My bitcoin.conf looks like this:
server=1 rpcuser=bomtom rpcpassword=secret rpcallowip=192.168.0.0/24 rpcport=8332 
If I point my miner to a pool via
./cgminer -o stratum+tcp://some.pool:8332 -u bomtom -p secret --api-listen --cs 9 --stmcu 0 -T --diff 12 
...it works just fine.
If I point my miner to my own bitcoind however via
./cgminer -o stratum+tcp://192.168.0.2:8332 -u bomtom -p secret --api-listen --cs 9 --stmcu 0 -T --diff 12 
...it doesn't work and just throws:
 [2018-01-01 04:14:10] Probing for an alive pool [2018-01-01 04:14:20] Waiting for work to be available from pools 
Is there anything wrong with my bitcoin.conf? My chain is up to date and bitcoind generally works.
submitted by bomtom1 to BitcoinMining [link] [comments]

For a bit of fun I've created 2 anonymous solo mining pools for anyone who wants to try the bitcoin lottery without having to download the blockchain.

If you have any mining devices (ie not CPU's or GPU's) then you are welcome to point them to my experimental solo mining pools. I have one for BTC and one for BCH and am considering a 3rd that tracks the most profitable chain.
I use these myself so they're pretty basic and should a block be solved the payout will be performed manually after coin maturation, but if there is enough interest I'll write up a frontend and automate this stuff later. The one who solves the block gets 99% of the block award and transaction fee's.
Bitcoin Solo Pool
Host: stratum+tcp://202.164.16.89:3333#xnsub Username: . Password: x 
Bitcoin Cash Solo Pool
Host: stratum+tcp://202.164.16.89:4433#xnsub Username: . Password: x 
Both pools are configured to create as large a block as possible (Max weight of 4MB for BTC, and Max Size of 8MB for BCH).
submitted by bundabrg to btc [link] [comments]

Solo Mining (PIRL) : 1 week experiment Complete Part 3 Beginner's guide to solo bitcoin and litecoin mining ... How to solo mining with your Bitcoin wallet - CPU mining CGMiner Solo Mining Bitcoin With A GekkoScience 2PAC ... Bitcoin Core Wallet Einstellungen auf Deutsch - YouTube

What you need to solo mine – How it Works? Firstly, install the Bitcoin-core which is hardware used for solo mining process. Henceforth, start it and complete the download of the blockchain which is almost 20 GB. Afterward, create a bitcoin.conf file: C:\User\yourusername\AppData\Roaming\Bitcoin\ Finally, use 127.0.0.1:8332 as the server and the username and password you chose as the ... Um Bitcoin Mining zu betreiben, müssen Sie einem Miningpool beitreten, was zusätzliche Kosten verursacht. Für das Mining benötigen Sie entsprechende Hardware. Auch hier kommen Kosten auf Sie zu. Je nachdem, wie leistungsfähig Ihr Bitcoin Miner sein soll, zahlen Sie bis zu 2.000 Euro. Es ist nicht bekannt, ob sich Mining auch in Zukunft noch lohnen wird. Wenn Sie nicht genau wissen, was ... The two major components you need in order to solo mine are: A Bitcoin node; Bitcoin hashing hardware (Application Specific Integrated Circuit) First you’ll need to get a full node running. If you’re unfamiliar with the process, there are some great instructions here. Once you have the node software installed, you’ll need to make a few extra config changes to the bitcoin.conf file before ... This is a Bitcoin (BTC) SHA256 SOLO Mining pool. No registration required. Instant Payout immediately when block found. Solo Mining Bitcoin – Hardware. To get your Bitcoin solo mining journey on its way, you will first need to invest in a specialized hardware device. Don’t forget, the days of being able to mine Bitcoin with a basic GPU are over, so you will need to get yourself an ASIC. First and foremost, there is no doubt that by purchasing the most powerful ASIC device available on the market, you will ...

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Solo Mining (PIRL) : 1 week experiment Complete Part 3

Bitcoin Wallet Einstellungen mit dem Original Client Bitcoin Core 0.14.0 . Nach diesem Video kannst du Bitcoin empfangen und versenden. Die neuste Wallet Ver... This video features a screen grab of CGMiner solo mining Bitcoin using a single GekkoScience 2PAC-2 Bitcoin USB Mining Stick -- Sold on Amazon: http://amzn.t... BITCOIN: SOLO MINING VS MINING POOL! Bitcoin price analysis!- bitcoin may 29 - Duration: 12:45. Tech with Catalina 2,237 views. 12:45. Choosing a good GPU mining pool : Beginners guide - Duration ... We take a look at profitability of USB miner solo mining Bitcoin and Litecoin. What are the chances to find a block on your own own of 12.5 BTC or 25 LTC. Ch... Newbie guide for those who want to try solo bitcoin and litecoin mining, using bfgminer and cgminer. The config files shown in the video are available in the...

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