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My question is, should I be mining solo? Thats how it works, you can be very lucky, go solo and keep finding blocks, but it can be the litecoin pool vs solo way around. I think you need a full node to litecoin pool vs solo mine. I suspect I need to set up a server, run litecoind, and do some other things then configure the A4s to connect to that server? I ended up working on this today, after thinking more about how I want to participate in Litecoin, I realized beyond wanting the full reward, I just want contribute by maintaining my own node.

I put together a tutorial on how I setup my own node and litecoin pool vs solo pool for my machines here: Definitely going to post here when I find my first block. Hopefully, that happens in the next litecoin pool vs solo days…. So far things seem to be working out. Though when mining at litecoinpool. Those stats above are over the course of 3 months. First 15 days my hash rate was in the 10s of MHs though.

Still no blocks found. I have an alert set up for that too. Currently set to my workers hash at Mhs, Mhs, and Mhs. The difficulty is set at the pool so each workers is getting the same difficulty. Anyone besides me think that this will be worth it? Litecoin pool vs solo, I looked into merge mining Dogecoin. Could not figure that out for the life of me. Spent many nights up late trying to research how to do it.

Second, my more powerful machine seems to stop sharing and does not fail over to another pool. I have Stackdriver logging setup to watch share activity and Litecoin pool vs solo get an email when this happens.

Screen Shot at A simple reboot of the miner solves the issue. Thanks, everyone who has contacted me about my tutorial on Githubplease star my repo if you found it helpful or informative. Agreed, the 25LTC reward will make it all worth it. When I was mining as part of a pool, it took litecoin pool vs solo like 45 days to find a block which is lucky. I also have two Gridseeds which were my mining training wheels.

The prospect of a full 25 LTC reward still seems worth it. Still having issues with where my machine stops submitting shares. What I also find crazy is just how fast the difficulty has jumped. I have a question, where do you buy your mining rigs… all the places I have seen around they all look like a scam…. Good to know someone else is out there hoping for the I get lucky. I was just wondering is it possible to set up the stratum server on an old computer and connect it to your home network?

I am still eagerly waiting to find a block. I am still eagerly awaiting a block. I get tempted to stop trying to mine solo and just go back to pool mining all the time. For litecoin pool vs solo reading this, I recommend sticking to pool mining at the moment. I spent the last week digging into the concept of share difficulty and eventually settled on bumping the share difficulty I was using up significantly. I opted to go with a difficulty of which gave me between 4 and 10 shares per minute.

I hear that the share difficulty has no impact on the earnings however, I also hear that setting a higher share difficulty puts more of the work on your miner. So the worker spends more time hashing litecoin pool vs solo order to find a hash that meets or exceeds the share difficulty. The other configuration I looked into was maxconnections on litecoin pool vs solo Litecoin Daemon. This is just a number to limit the peers that my Litecoin Node will connect to.

I left this out at first and noticed my instance was sucking up a lot of bandwidth and I had about 90 connections or so. Seems like that project is more maintained and comes with a front-end which might be interesting.

I did a ton of research back in into open source stratum mining software and the database for registering users and setting up wallets, unfortunately a lot of what I learned at the time has already been improved upon and updated…. But now you got me thinking about it for sure. I used to point my older equipment to a solo pool litecoin pool vs solo that nicehash ran something like solo.

Now I just point them to my own pool. If you need your own pool and want to run your own node, I can help you out though. Node Open Mining Pool. I plan on switching my underlying software this weekend to use that codebase instead of the version I used from UNOMP. In the long run, I think going solo will be a better option litecoin pool vs solo of the transaction fees.

Solo Mining vs Pool Mining Mining. Thats how it works, you can be very lucky, go solo and keep finding blocks, but it can be the other way around I think you need a full node to solo mine. Solo Mining Litecoin I litecoin pool vs solo some people find this useful. Let me know what you litecoin pool vs solo about the tutorial. Hopefully, that happens in the next 30 days… So far things seem to be working out. There were some bumps. What miners do you have? Straight from the manufacturer or eBay.

Yes I find it easier to work with. Right now I just use CloudWatch as my view into litecoin pool vs solo performance of the system. I did a ton of research back in into open source stratum mining software and the database for registering users and setting up wallets, unfortunately a lot of what I learned at the time has already been improved upon and updated… anyway keep up the updates!!

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Did that for like 3. I reflected on it for a little, is it better to go with the pool and get a steady payout or continue going solo and hope I get lucky? I came back to it after kmkfan commented on this thread and realized I should just keep going if for no other reason then to document how it goes and provide updates.

Right now, I look at the fees on the Bitcoin blocks https: On the Litecoin blocks, the fees average around 0. In the long run, whether I mine solo or as part of a pool, the work that I do will be compensated by the network. I think at almost a year as the estimated time to find a block, this is all still a bit farfetched, it all sounds nice in theory. Just got to have trust in the network. Hey nehgekim thanks for taking one for the team!

We are under the same impression that if we are going to do this, we are gonna go all in and solo mine. I just run a single instance on AWS t2. My concern is just that the difficulty is going to rise so fast that your est. Forcasting that I need to double my hashing power every 6 months to keep up. Learn from my mistake. Now that the difficulty also spiked, I missed a critical window.

I appreciate your input! I think we will take your advice. I setup an account on litecoinpool. Thanks for the comment Romeococo. Whatever, eventually I will find one or my friend with a est. Or, my setup blows and neither of us will find one! Can always recoup my investment by selling my miners since I bought them directly from the manufacturer. Hopefully, I can still do that 60 days from now too. The experience is worth it IMO, I mine to support the network and for fun, profit is not the main factor or at least I keep telling myself that so I can sleep at night.

Screen Shot at 4. Will post a link to my repo with notes on setting up on the Testnet at some point. For now, people can look here: I information from this to figure out how to use the Litecoin Testnet. At least it has that functionality that you can test and confirm that it is actually working. I am still a week out from deploying my mining rig, but I am getting worried with the recent activity in LTC and the difficulty quickly increasing on the network for mining.

What was the payout you actually received in that time? That happens, which is why shipping time is so critical to mining. Pretty much instantly, like 5 minutes of mining and I had mined blocks. Hey nehgekim , any news on solo mining? Sorry to hear that man! But thanks for taking one for the team. Thanks and good luck! Still, no blocks found. However, one of my colleagues running the same setup I am with more hashpower did find a block!

So, I have a new sense of optimism in solo mining. My colleague has approximately 5. In practice, they found a block after 26 days. The reward was about Technically the right way to do the calculation would involve some calculus since the reward is a function of the difficulty. So, I ran the calculations for reward based on the difficulty at the first day of mining, 3,, 15 Dec.

This represents the best-case senario. Based on 3M difficulty, the day reward would be Based on what I read, people recommend mining solo if you have an estimated time to block of 1 day.

However, I would recommend you should only solo mine if you can afford to go 2 to 3 times longer than your estimated time to block without earning anything and if you plan to mine for 3 years or more. Its really less of a function of what your estimated time to block is and more a function of how long you can survive without earning anything for your mining. Based on what I read, people say solo mining and mining in a pool would earn the same thing over the long term but I disagree. There is friction when mining in a pool: Mining in a pool can never earn the same as mining solo where there is no fees and no middlemen however you do have to run your own node which could be the same as the friction associated with mining.

The real trick is to minimize any extra overhead associated with running your own node like right now, I pay for a server but I have plans to go to a bare metal machine. When you mine solo, you take more risk but you potentially earn more reward. I recommend more people mine solo if they have the means to. If you have one machine and are looking for a return on that machine, you should mine pool.

Solo Mining vs Pool Mining Mining. Now the irony of the life kicks it, 1 week pool mining you will find a block! Luckily, there is a way I could test my setup, mine on the Litecoin Testnet! I think pguerrerox said it best: Thats from the machine.