Bitcoin solo mining pool reddit. PSA: Monero decentralized mining pool (p2pool) The test on mainnet is going great so far, first mainnet block has been mined! 3 miners have been paid in that block! P2Pool has mined 33 blocks so far, I've set https://miningpoolstats. To get started just select your coin and configure your rigs to point to any of our pools. It's just outdated info. While it is extremely unlikely to hit a block, CK's pool is good, but Kano's pool (the K in CK pool) is a lower fee for solo mining. Am I better solo mining or If your ok with doing shitcoin to bitcoin you could use r/nicehash and some profitable GPUs to mine shitcoins then exchange them. Odds of mining a block are about once every year or two by design. Solo would really only be suited for folks with at least a couple hundred KH/s if you want anywhere close to "consistent" blocks. It is based in Prague but operates globally and is the first and oldest organized mining pool for bitcoin. [deleted] • 10 yr. hanorb • 6 yr. Pools sind Gruppen von Minern, die in der Blockchain als einzelner Miner fungieren. 25 BTC instead of some proportional Mar 11, 2024 · Bitcoin Mining Pools. By doing that, the miners make sure that they earn rewards steadily. No ICO, no pre-mine, fair launched community-driven project, a Nakamoto philosophy heir. This will make it accept connections from other PCs in the local network. Slush's pool is well maintained, and slush has had a great history with Bitcoin. Rewards are generated directly at your address as newly minted coins. Bitcoin - The Currency of the Internet. Reply reply More replies More replies More replies DependentPapaya5 Ultimately, the reward is divided up "fairly" across miners in the pool. Solo mining is a major game of chance, and not really economical or feasible at this point. Hi, I'm new here. If you have 1-4 GPU, it is a good way to start. Nimushiru. 5% IIRC. ViaBTC is one of the best mining pools because it offers BTC, BCH, and LTC mining pools. Instant? there is no instant in mining. In other words it is better to mine something else. ago. Binance Pool otherwise known as Binance Smart Pool is a cryptocurrency mining service offered to its users on its global trading platform, Binance. "BFGMiner supports solo mining with any GBT-compatible bitcoin node (such as bitcoind). 63 BTC. freemining. Platforms: Windows, Mac, Linux Going strong for many years, CGminer is still one of the most popular GPU/FPGA/ASIC mining software available. I am extremely lucky and upset i didnt mine solo. • 3 yr. If you don't trust jumping on someone's node, you can always run your own p2pool node. Existing users on the platform can participate in the mining pools to earn rewards on Proof-of-Work (PoW) coins such as Bitcoin. View community ranking In the Top 1% of largest communities on Reddit. 1. Back when bitcoin was first started I generated a few. Cloud mining. If you have 10% or more of the entire litecoin hashpower mine solo or create your own pool. If you still want BTC, then NiceHash is a good option follow by Unminenable if you want to mine ETH but get paid in other coins. 50 electric bill. Stay away from pool. bat. Add these arguments to your Monerod. 3 years ago. Expand user menu Open settings menu Open settings menu Mar 13, 2024 · A BTC mining pool has been a game-changer for the crypto industry, enabling miners to combine enormous computing power and hash rate to generate more significant returns. org. Mining in a pool is the best way for small to average bitcoin miners to achieve better results. The difficulty is irrelevant to the relative expected value of pooled and solo mining. Made a decent size order of some larger miners and the seller threw in a few smaller units for free. I guess solo mining is fine if you can cover your costs and don't need the fiat anytime soon. I used to be on antpool. I’ve decided to switch over to solo mining until the POS switch. true. He is one of the major individuals who worked on the stratum mining protocol. Having said that the chances of finding 2 blocks in 2 weeks is really small. View Bitcoin (SHA-256) mining pools, their fees, payout threshold, and reward methods. I've seen numerous back to back 1% luck which is insanely lucky, like winning a lotto. Buggy3D. I've been interested in crypto-currency mining for a while now, and I've dabbled in it. 5BTC, or you don't and get nothing. Jan 14, 2022 · Solo mining is an attempt to confirm blocks of transactions on the blockchain alone, as an individual miner. F2Pool has a high 2. Please do comment if I missed anything. 0. Best mining pool 2024. There's xmrig-proxy for that: mining rigs -> xmrig-proxy -> mining pool of your choice (run by somebody else). By forming Bitcoin mining pools or groups, miners can join forces, pool resources, and share profits equally. 25 BTC (over $220,000 at current prices) as a result. The event 94K subscribers in the BitcoinMining community. Once all of the above is setup, you are good to go. Seems like you would have to run a full node, etc. How to solo Mine. Members Online [Question] Is nicehash like truly good for mining w/gaming PCs? Yes Bitcoin solo mining is all-or-nothing -- you solve the puzzle within ten minutes and get all 12. Profitable solo mining pools. Key Features. Any physical device, be it a huge ASIC or a tiny GPU, can find a block in any moment while mining. org If you want to handle multiple rigs, you don't need to create your own mining pool. Mar 31, 2021 · F2Pool. Average is about 997Gh/s for miners all together. 7 comments. must4che. Lincoinpool ftw! The Bitcoin Mining Pool that is Reliable, is Easy to Use, is Auditable, is Intelligent, is Transparent, is Innovative, is Efficient. Alts may be more profitable, check the calculator(s). Reply reply Jan 14, 2022 · Solo mining is an attempt to confirm blocks of transactions on the blockchain alone, as an individual miner. We’ll see how this goes. That was a thing like a decade or longer ago but not anymore. That just my experience tho I have found 2 blocks for my mining pool in about 2 weeks. Pros: Supports GPU/FPGA/ASIC mining, Popular (frequently updated). Solo miners, on the other hand, get the full block reward, but the time required for finding a block depends on It is evident that many bitcoin mining pools exist, and they each offer different services and rewards that appeal to all types of bitcoin miners. all 6. So here is quandary. It's just that the Bitcoin core wallet never supported ASICs mining. Hi, so which Mining pool do you use? I recently started mining and choosed slush pool. 5 trillion to find a block on the btc 15 votes, 36 comments. From my understanding, solo mining means you're racing everyone else in the world to find the next block, containing. Now we need the local IP of the main PC running Monerod, you can look it Mining. Mine your favorite non-mineable crypto assets! Our automated system takes care of all the exchanging and transferring, to deliver a seamless experience for PoW miners. i think avg is 1 block running computer for 2 months or something. Easy to set up ok fees. 50 in bitcoin and a $7. ckpool. not sure how to mine solo directly but it might be easier for you to setup unomp pool software on a local box or vps to create CGminer setup with full node for solo mining. Seems to me solo mining is a bit more involved to set up than mining to a pool. CPU mining, regardless of solo or pooled, is completely pointless. cgminer or bfgminer) and it's not worth the additional work to support and It's all random. If the device is "solo mining", the reward goes completely to the single physical owner of the device. Pooled mining just drastically reduces variance. Ha I think I have a slightly better chance with solo mining with just a single 3090 than I would with the lottery. 34 per month or . The bottom line here is to rent a mining rig that'll allow you to mine any coin. Pools are groups of miners that act as a single miner on the blockchain. r/litecoinmining. Sha256D. com. You can not compete with ASICs, including unannounced ones. Kaspa is a cryptocurrency based on the GHOSTDAG protocol, which is a generalization of the Nakamoto consensus. Low 1% fee allocated directly in the coinbase transaction of found blocks. Jun 26, 2023 · Source: Reddit, u/polloponzi. 5%. Happy mining! Well personally Ita a pool all the way. You need to have deep pockets. minimalniemand. Using unsuspecting hosts' CPUs or GPUs to mine bitcoin would be pointless with bitcoin's mining difficulty. Jan 25, 2022 · Another Bitcoin miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6. One is more like an investment platform where client only needs to invest and will get BTC in rewards. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. 3/143. I this year I have been mining different coins for a while I am running my gpu's and cpu on xmr rig try it until the new year as power free here so testing. Or you will have to request payout, once you've reached their Mar 18, 2020 · Usually, PPS+ pools pay out once per day. space and I can see which pool of miners each peer and each peers ip address is, so I am actually seeing the process happen behind the scenes. Bitcoind has evolved to make it harder for the casual person to do mining. g. 3Gh/s | A:0 R:0+0 (none) HW:0/none. Joining a pool gets you a % payout based on your participation level. pool. Jan 26, 2022 · But solo miners with relatively weak setups have found success in recent weeks using USB-based mining rigs. The expected value of solo mining is higher. I got my L7 in mid Feb and I have found one block on Litecoinpool so that's 12 ltc, compared to mining in the pool which I have received 21 ltc so far. EDIT: I see you are currently on slush's pool. The company offers daily automatic payouts Jan 25, 2022 · Unpack the archive. I have 12 stick miners running at around 84Gh/s. if being paid per share, once you have reached the threshold of the pool (again google here has all your answers) the pool will either automatically pay out, most do this. com there are only 39 Active Miners on our Raven Pool and its a 0% fee pool based in the US. Sep 13, 2023 · Braiins (Slush Pool) Formally known as Slush Pool, Braiins has operated since 2010 under Braiins Mining Ltd. At the current market rate $48,325 after electric at . The most recent example comes from a solo USB miner participating in "solo. bitcoin. When the mining pool wins a block, you only get an amount proportional to the hash power you provided. Also, you do not need to purchase additional equipment or waste valuable time. Aim anywhere hard in the house, mine away! Pick all Satoshi you find laying around. Open the Setup folder, then go to the Nvidia or AMD folder depending on which one you have. u/Inner-Lingonberry-42. com/BitcoinMiningCalculator. 51) Pool Fee. Mining pools enable miners to pool together their computational power to increase the chances of winning block rewards. if solo, 10 years is eta to find block on a small scale operation. In the long run, there's no difference. --rpc-bind-ip 0. They will use your hashrate to mine b2x shitcoin as well. 1 TH/s instead of 10 TH/s . Most Bitcoin miners take part in mining pools. I believe that this method removes almost all risks. The choice between solo mining and pool mining involves a trade-off between consistent but potentially lower earnings in solo mining and more predictable but potentially higher earnings in pool mining. I know there's no guarantee to EVER hit one, especially with less powerful cards. co/566572. According to nicehash's mining calc, using the googled average USA electricity cost of 0. Stable payments. This guy was solo mining, so when he won the block, he got the full block. 25 BTC and a fee reward of around 0. I use mempool. Average hashrate 7000 - 8000 but lows in the 4500 - 5000 If find block is only around $150 solo mining Pool mining made $47. There are other round about ways of effectively solo mining, eg there is a solo mining pool called CKpool. 02 BTC. ParaplegicRacehorse. 4. . 001224 BTC is calculated by 68 (miner hashrate) ÷ 100,000,000 (network hashrate) × 144 (number of blocks per day In my opinion the best and most honest are F2Pool and Slushpool. So 0. The official bitcoin mining forum / subreddit / chat room / place to be! The mining of the Groestl by using GPU is as profitable as mining of Nist5, X11Gost or pre-fork Cryptonight. With this platform, you can get the real-time status of the miners. Supporting solo miners since 2016! I got tired of manually calculating my chance of hitting a bitcoin block with my lotto miner so I created SoloChance! Hopefully you solo and lotto miners will find this tool useful! Shout out to CK for his great solo pool, sidehack for his USB miners and NiceHash is okay. In 5 months I’ve mined 2 blocks as part of a pool, with 800+ MH/s. The figure is based off estimated luck. mycryptobuddy. Benefits of pool mining: no starting balance required, no need to keep the wallet up frequently or 24/7, stable income. but perhaps some people can give advise and I don’t have to test every pool 😉 For example: Is it better to use a big one like f2pool or Poolin or stay with smaller ones? Free bitcoin mining im starting a mining team if you want to help, so far ive made 10 dollars worth of bitcoin. The password to the archive is 2miners. Users can mine Bitcoin, Ethereum or Zcash. " Jan 5, 2024 · 3. True solo mining: no payment schemes, no pool wallets. The optimized CPU miner was removed from Bitcoin Core because there are other and better mining software (e. I'm solo mining on acc pool and my hashrate is 1gh. With its intuitive dashboard, you can see the miners and mining pool hash rate. • 2 yr. Also seen numerous luck that's +1,000% luck that for 1. You "mine" and receive your coins directly in the asset of your choice. Solo mining is all about luck. The hashrate of a single CPU is not even anywhere close to being remotely profitable. It's purposefully meant to be esoteric and hard to do -- to close out access to a broader range of interested persons wanting to try just this. If you really want to, there are lots of mining pools you can join with YouTube videos on how to do so. I have only really used click and go As a Bitcoin miner with a cpu I have the debug log, the peer info and apparently the ability to reconstruct and validate blocks and submit them to the Blockchain and reward these pools. Binance Pool is pretty good one assuming it is not banned in your region. Miners need to strike a balance based on their risk tolerance and financial goals. Save the edited text so your wallet and worker name is in place and double click the application and it should start mining. There is malware that uses unsuspecting hosts' computers to mine altcoins. If the Bitcoin Network Hashrate is at 100 EH/s (100,000,000 TH/s), a latest-generation WhatsMiner M20S ASIC miner with 68 TH/s, would earn around 0. If so you can point them all to your node by pointing their XMRig to the IP of the "main" PC running the node. Pool is the answer unless you're sitting on a 20GH+ imo. As others have said: Unless you have billions of dollars to toss into a massive miner farm, it’s nearly impossible to solo mine profitably. For those of you who are new to mining, it is highly recommended to join a bitcoin mining pool as opposed to going solo. Which would be fine, if the miner could handle it. If "pool mining", the reward goes to the pool, which is a single virtual owner of the device. Mit anderen Worten Solo-Mining ist eine Möglichkeit Kryptowährungen ohne Pools zu minen. To use this mode, you need to specify the URL of your bitcoind node using the usual pool options (--url, --userpass, etc), and the --coinbase-addr option to specify the Bitcoin address you wish to receive the block rewards mined. No. For example if you had 100% luck it's probable to solve 1 block in 30 days. You could also run p2pool (a trustless, decentralized mining pool with zero fees), in which case you could skip the proxy and just connect all your The longer you do solo, the more similar on average will both be, except you're paying the pool, whereas solo you're not. As joae1975 mentioned, ckpool has a solo pool set up to allow you to connect to it just like a normal mining pool. You get whatever percentage of your hashing power that went into solving the block. When miners combine their hash power and split the rewards, all of them will receive a constant income proportional to their hash rate. But the stratum proxy measures an effective smaller hashrate of: PXY 0: | 149. Reliable internet (solid uptime) and low ping rate are the only things to really watch for. Can someone give me an estimate? One thing I used to do before I upgraded was pick 256sha altcoins and mine their first blocks, the difficulty is low, you will get a lot of coins - sometimes those coins will peak on the exchanges and you can scoop up more money than you would've mining bitcoin. The real question is are the pools honest and or even able I wouldn't say that solo mining was removed from the Bitcoin core wallet. r/BitcoinMining A chip A close button. No upper case and no dots at the end. 6. It's pretty darn close to a private pool at this point with that few miners. In the short term, most of the time, pools will pay out more, so depends what you value. ViaBTC offers multiple settlement methods and mining forms. bat file and choose to edit it with Notepad. ASICs communicate with a stratum server using the stratum protocol. Also they will likely make big profits during and after the chainsplit because the others (at least they claim so far) will mine segshit2x altcoin. Block rewards are the proportional split among all pool participants. 5% (average between 1-3% fee depending on the pool you pick) you would make $808. Benefits of solo mining: insignificantly larger income, advanced project configuration, more voting power for in-wallet voting. The issue is, the less hashrate you have, the longer that run must be. That is true, but for people who don't have the requirements to run a full node (like me) there are websites that offer "solo mining pools" I don't know how to run a stratum server on top of the node, and I couldn't find anything much on internet so I gave up on it and tried looking for those solo mining pools. The stratum server takes the block information from Bitcoin core and distributes work to stratum clients (i. 25 BTC ($420,187. 5. 6gh woukd equate to 1 block solved in 300 days. This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all. F2 pool is fine. Plug your wallet into your pool’s website and after about 20 minutes, you should see a hashrate to know you are connected and mining. Beginner here, is solo mining pretty much lottery? Currently pool mining. As such, it is more resistant to wild inflation and corrupt banks. 067 and running the machine for 3250W and a pool fee of 1. Low pool fee. I plan to solo mine for fun using a NewPac USB stick, I know there is very little chance of ever mining a block but I enjoy mucking around and figured it would be a learning A typical miner output when solo mining: So instead of sending shares with target difficulty 8192 it sends difficulty 1 shares. 0 --confirm-external-bind. The Best Professional SOLO pool SHA256 AsicBoost with maximum performance, real-time statistics, fast payments, Fully compatible with Nicehash. Paying around 1. Posted by. You can no longer just point mining software to the bitcoind. It also has a rudimentary stats page that lets you monitor your progress, including largest answer submitted to date. 8 comments sorted by Best Top New Controversial Q&A. Any SOLO mining pool for Bitcoin Cash? Im looking for a sha 256 SOLO pool of BTH to rent power Oct 17, 2023 · 6) ViaBTC. It is aiming to be the fastest pure proof-of-work coin. I got cheep power so I figured may play the lottery with those few smaller units. The protocols for solo mining bitcoin were removed from code some time ago. 2. e. Good for smaller miners and good luck. Cons: Textual interface. Members Online I’m new to bitcoin mining and I heard about mining pools and the better profits. The probability of being struck by lightning eight times in a single day with perfectly clear skies is much higher than finding a BTC block with a CPU, however. $1. Balancing Consistency and Variability. use-dashes-instead. You are better off using nicehash, or joining up with a pool for particular alt coin and then converting to bitcoin. Current expected time to block for p2pool is 165 days. 12K Members. It is also one of the top mining pools. Yes, though the mining software has not seen updates for years, you can mine BTC with your CPU. 001224 BTC per day before pool fees. If you want come join us over at RushHourMining. . Bitcoin mining can be done alone (as a solo miner) or by joining a mining pool. Nobody uses malware that uses unsuspecting hosts' CPUs or GPUs to mine bitcoin anymore. It seems ok, but a little bit lower than expected. Best Bitcoin mining software CGminer. NiceHash is a Bitcoin centered platform, providing a complete ecosystem of mining and BTC payment services with the goal to accelerate Bitcoin adoption worldwide. Block Reward. Get app Get the Reddit app Log In Log in to Reddit. SOLO. Your best argument to antpool would be to provide that device's "best share" number and correlate it with the blockchain's block hash at the time it occurred. [deleted] • 3 yr. How to connect. Reward Scheme. 0. 23 per kWh, running an Antminer S9 on a pool will net you a cool negative 6 dollars a day. And for the details like to whom the mining machines belong, where are the miner located, what’s the mining pool they are using and what kind of mining pool payment method they are using and whether they are paying the due amounts are not clear. Right-click on the eth-pool. Would like simple explanation of how to start solo mining, I know not recommended, but I do not trust pools!! Additionally, I bought a new laptop Normally if you just have 1 miner, like 1 asic machine, you point that hashing power (computing power) to a mining pool. It has a 2% fee. If not use a pool. SBI Crypto has a poor user interface but ive been comparing SBI (japanese), Luxor (us), Foundry (us) and Slushpool (eastern europe) and SBI Crypto has been yielding the best results. Rinse & repeat until no house left. There are many incredible advantages to joining a pool, as mentioned above. Kaspa. Been comparing Slush and ViaBtc pools for the las 30 days. With solo mining, you are only rewarded for blocks that you solve, so you may go a day or three (or more) without solving a single block, but be rewarded with 3 ETH once you solve it ( if you solve it). I will eventually change to another pool to have some comparison. After that, if thinking of exploring of getting paid in ETH, then mining in a pool will be better. I use https://www. I will try NOMP but it looks like it isn't being updated anymore and I wonder if it supports Bitcoin 0. Reliable and fast servers. If you’re just a seller on NiceHash, no. Hi, I've been setting up CGminer on my Rpi Debian based Nas which currently hosts my full archival node running Bitcoin -qt. stream/monero. 19. Just to give you an idea, that best share number has to be around 15. So if you somehow magically were 80% of the party’s hash power than you get 80% of the block minus the party fee. 00NZ Open menu Open navigation Go to Reddit Home. Why not just jump on a p2pool node? Basically solo mining with a bunch of others, decentralized. The miner used the Solo CK Pool mining service to establish a solo mining pool, where they produced a valid hash for the block and received a reward of 6. The EV of pooled mining is 1-3% lower. In other words, solo mining is a way of mining cryptocurrencies without pools . Jan 14, 2022 · Solo-Mining ist ein Versuch die Transaktionsblöcke ind der Blockchain allein, als einzelner Miner zu bestätigen. There's more things that have to go right in solo mining than in pool mining. Mining requires very little internet speed. 5% fee, but it's one of the most usable Chinese mining pools for English speakers. , ASICs). High-performance Stratum server implementation developed in collaboration with LitecoinPool. On the one hand, it seems profitable, with a minimum cost of investment. Binance Pool. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. tldr; A solo Bitcoin miner was rewarded for adding block 780,112 to Bitcoin’s blockchain. Go to home depot, buy a pickaxe. Given current network difficulty, if your rigs collectively produce less than 400-500MH/s, you should consider joining a pool. oyaaxqpocgwwlbjqpqdp