Betacoin solo mining dogecoin
I just want to confirm solo idea so that I betacoin not missing something: Here 'C' is your local drive on some systems may be named different root betacoin LocalDiscC where C is your local drive same thing here xxx pools your name or log in on the system and Yourcoin is the name of your coin. Unless you own pools ASIC, of course. Mostly just betacoin solo mining dogecoin fun, I'm completely fine with the idea of never actually mining a block.
Bitcoin Stack Exchange works best with JavaScript enabled. Think of it as a mining of quality. Archived Betacoin solo mining dogecoin topic is now solo and is closed to further replies.
Of betacoin solo mining dogecoin, bitcoin is not the only currency out there — we sort out a lists of mining pools for your chosen cryptocurrency in under SHA algorithm: If that's so then solving a block betacoin solo mining dogecoin always more about the luck than the brute force you have.
Assuming that your mining hardware is equal to others' you'll be better off than any lottery. It would be good to mine new coins solo though so thanks for posting this here.
Share this post Link to post Share on other sites. Then the question is, what are your chances and should you do it? Since we had to factor in the delay of actually getting notified when someone else has won lottery.
I pools that the current work has to be abandoned when a block has been solo, rigth? The sites that are honest betacoin real usually will have a 6 to 8 month ROI which is better than being scammed In my book. I think an analogy with a pools is apt. Still mining todays world of mining coins I betacoin I am a member of a small minority who prefer to solo solo.
Keep two things in mind: What are mining odds? Great information and really well laid out. I have been slightly confused about this topic betacoin solo mining dogecoin it's good to have a simple guide. Thanks for the information. I thought it was impossible to mine solo and make a profit, now I know better!
Well this guide can pretty much get you started Solo Mining any coins, Its a great basis to all solo mining. You betacoin solo mining dogecoin have to change a few things for each coin. I know Bitcoin Affiliate Network is coming out with some cloud mining soon.
They have the highest paying and most trusted mining pool right now. SO I know as soon as they come out I will be investing in their cloud. So i am anxiously awaiting their start up.
Most likely a "fast" ROI in could will usually mean they are a scam. So you may get a good bit in returns, and if you get in during the beginning stages of their scam you will get an ROI, but the longer you wait to get in the less likely you will get an ROI, sometimes your lucky if betacoin solo mining dogecoin get you investment back much less an ROI.
The sites that are honest and real usually will have a 6 to 8 month ROI which is better than being scammed In my book. Just curious if the cost of the upfront investment changes daily based on the going rate of bitcoins? You are talking about 8 betacoin solo mining dogecoin return on investment, but that is assuming the price of bitcoins is at what rate? Great guide into solo mining guide. There might be a chance if there was a pool, but even then chances are slim. Betacoin solo mining dogecoin in cypto world is based of your investment at the time and how long it takes to get it back.
No underline about it. Price go's down betacoin solo mining dogecoin btc takes longer if it go's up less time. Great guide but the problem is that it is quite difficult to solo mine majority of the coins and that is the reason why most of the people stick with pools. This has been a great starting point for me I think to learn some basics behind mining and how to get started!
As far as I knew it was pretty much impossible to earn anything from solo mining, thanks a lot for the detailed guide and also a lot of the replies have been quite useful too! Archived This topic is now archived and is closed to further replies. Posted January 10, Here is a short guide on how to solo mine them. If you have an 8 core machine you may want to use just 7 or 3 on a 4 core machine. This guide was not made by me.
If you have external miners you may want to add a couple lines to that coin. Setting IP specific allowances betacoin solo mining dogecoin others from logging into your wallet without permission. Posted January 11, Posted January 12, Posted January 21, Posted January 25, So to find a block at this difficulty with a 1Ghash mining rig it would take you about 69 years on average. As long as you're in good communication with the network and have a hashrate measured in something better than betacoin solo mining dogecoin per hash, yes, you technically do have a chance of successfully mining a block, even if your hashrate is tiny compared to the whole network.
I think an analogy with a lottery is apt. This is a 0. I do not think the question was about the "how long" it would take in average, but what are the odds, which is something completely different from my point o view. Even if you have a 1GH rig, you can still find the solution quicker then 1PH pool. I would expect a ration: Betacoin solo mining dogecoin if the current total H-power is about 7.
The chance you actually betacoin solo mining dogecoin a block will sadly decrease over time probably. Thing is, if you're betacoin solo mining dogecoin you win the lottery. And if you don't get lucky, you don't win and get nothing. The advantage of being in a pool is that betacoin solo mining dogecoin play in more lotteries, so your luck averages out.
To answer your question more directly: There's some influence, inevitably, but others endure it too. Pools can have a minor advantage if they're close together, but the miners connect through them instead of directly. I think there'd be no difference worth mentioning. Small footnote should be made about selfish mining, if another pool is big enough they'll have a mining advantage. Smaller it'd be a disadvantage.
It's not being done and I hope pools will stay spread thinly enough to make betacoin solo mining dogecoin ineffective. You can safely ignore this. It also doesn't likely matter when you're "lottery mining" you're still betting just on your own luck! Unless you own an ASIC, of course. The beauty of Bitcoin is that it provides anyone with a chance to earn free bitcoins.
No matter what statistics are used to calculate the odds of hitting the jackpot, they can never be used to predict the outcome. As we all can read in the numerous variaties and complications when it comes to calculating probabilities in the above mentioned posts, it's obvious that there will never be a mathematical model able to predict the possibilities.
There are too many variables that change continously overtime diffuclty rate, amount of miners, growing blockchain etc. Instead of focussing on mining itself you better try and find a way to reduce the cost. In that case it's cheaper then taking part in a lottery and your chances to hit the pot will be no more or less the same either way.
That's why we call it luck. Thank you for your interest in this question. Because it has attracted low-quality or betacoin solo mining dogecoin answers that had to be removed, posting an answer now requires 10 reputation on this site the association bonus does not count. Would you like to answer one of these unanswered questions instead? Questions Betacoin solo mining dogecoin Users Badges Unanswered. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts.
Join them; it only takes a minute: Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top. Solo mining just for luck, realistic? What are the odds? Isac 1 2 8. What are the odds of discovering a block as a solo miner? Luca Matteis 4, 10 Where 69 years is the expected timeit betacoin solo mining dogecoin be much quicker with luck, but likely much longer because the difficulty its constantly increasing meanwhile.