Only top voted, non community-wiki answers of a minimum length are eligible. Questions Tags Users Badges Unanswered. Tag Info users hot new synonyms. Hot answers tagged solo-mining day week month year all. What is a share? Can I find it while mining solo, or only when pool mining? In comparison if the difficulty of network is 2, then bitcointalk solo mining litecoin share is 2 million times "easier" to find than a valid hash for the block, and on average it will take 2 million shares DeathAndTaxes 7, bitcointalk solo mining litecoin 25 What are the bandwidth requirements of a mining bitcointalk solo mining litecoin Each work unit requires about bytes out and about bytes back.
So that's bits per second out and about 2, bits per second back. Solo mining is a bit harder to estimate. You will need to receive and relay all new blocks as they are Solo bitcointalk solo mining litecoin just for luck, realistic?
How soon might I expect to bitcointalk solo mining litecoin a block? Luca Matteis 4, 10 What are the odds of discovering a block as a bitcointalk solo mining litecoin miner?
That number gives you you a number that tells you how many blocks will occur before you get one on average. Solo Mining vs Pool Mining for users with high computing power. It completely depends on the "pool fee".
Theoretically, with a zero percent pool fee, solo mining and pooled mining should, over the long term, produce precisely the same revenue. The only exception is that some most pools keep the transaction fees for themselves. Does the program I downloaded bitcoin-qt mine bitcoins?
Yes, but not efficiently. In fact, CPU's are so bad at mining bitcoin that the option was removed from the user interface. Type bitcointalk solo mining litecoin false" to stop. You can also give bitcoin As long as you're in good communication with the network and have a hashrate measured in something better than minutes per hash, yes, you technically do have a chance of successfully mining a block, even if your bitcointalk solo mining litecoin is tiny compared to the whole network.
Then the question is, what are your chances and should you do it? I think an analogy with a lottery Incrementing the nonce is the easiest mechanism of choosing the next nonce to try, so you try the most nonces per bitcointalk solo mining litecoin that way. That's all that matters. Perhaps you are under the mistaken impression that everyone is trying to mine the same block.
That is not so. If you are a What is a Mining Pool, what is it good for? A Mining Pool is a protocol for a group of miners to work together, in order to smooth out their mined coins. In practice, this happens quite rarely for a single miner. When several miners are working together in a pool, their earnings are split How do I solo mine on a mac? A fully-connected BitCoin wallet. This can bitcointalk solo mining litecoin an hour or bitcointalk solo mining litecoin - just ignore it for a while.
Mark Bakker 2 2. Wouldn't the expected return of a mining pool be no more than solo mining? Yes, but it's a similar situation to taking out insurance - many people would rather pay a known regular amount to insure their car than take the chance that they'll have to pay a large amount occasionally. Like pool mining, insurance usually works out in favour of the other party, but it's still valuable in order to reduce your variability. Highly Irregular 8, 6 41 How do mining pools work?
What do bitcointalk solo mining litecoin mining workers do differently then if they would be mining solo? A miner that is mining within a third-party pool doesn't need the entire block chain. In fact it doesn't need to be connected to any bitcointalk solo mining litecoin of bitcointalk solo mining litecoin Bitcoin network.
These miners work entirely outside of the network and could technically just need to communicate to the administrator Unless the lucky winner were to announce his luck, there is no way for anyone to tell the difference.
So, even if one cannot find any information suggesting that someone did, it could have happened. How do I generate coins on testnet? Testnet is designed to test Bitcoin software - including parts that have to do with finding blocks. As such, it should be easy for developers to generate testnet coins. Because of this, it will be easy to solo mine on a CPU to generate them, and you should bitcointalk solo mining litecoin use anything heavier than that because you would ruin it for everyone else.
It is also bitcointalk solo mining litecoin 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. If that's so then solving a block bitcointalk solo mining litecoin always more about the luck than You need to be online because mining is sort of like a mathematical race: And in order to prove that you found this value before anybody else, you need to be online in order to broadcast it to other users.
Yes Erik, the mining feature is still built-in and you can check how many hashes your CPU can perform. Although it's pointless and you cannot earn anything, it is still a fun experiment that people like to try. If you have a bitcoin core installed and synced with the network, you can just simply open the command console and type in and enter: Roy Badami 41 1.
While correct in principle, consider that mining difficulty has a pretty strong upward trend. With some very rough estimates at the present difficulty of 10 million, 1 gigahash of computing should Dane 2 7. Complete Explanation of Mining [closed]. When you mine solo not in a pool then your payout is entirely based on solving the current block in the blockchain before anyone else, and collecting the "bounty" on that block.
NReilingh 2 7. In order to be able to calculate the nonce for the next block you need all the information from the last known block. The time between the blocks is 10 minutes in average, so if you stay offline for more that 10 minutes you will not be able to perform any valid calculations and essentially you will be in a solo, forking mode, solving the wrong block.
George Kimionis 2, 1 7 Is it possible to win the Bitcoin lottery? Yes, it's possible to solo-mine using your PC. The odds are astronomically small, however. You can look up what hash rate your CPU will get here. So every block, you have a 0. You'll find one block every 76, Jimmy Song 6, 8 Keeping valid shares for it's own when mining in a pool. The address the block reward goes to is in the data that is being bitcointalk solo mining litecoin. That address is the pool's. If a miner finds a hash that meets the block difficulty, changing the address to the miner's own will cause a different hash, and you don't have control over the distribution of the bits in that second hash.
So you don't get a block if you change the address If anyone need a few testnet coins, drop me an bitcointalk solo mining litecoin at jim bitlc. I have a "few" as a result of poolserver-software development and testing. What options are there to combine mining over multiple computers? You can run as few or as many Bitcoin clients as you want. You can have them all pull from the same client, or you can have each miner pull from its own client.
Just remember, the mined coins will go to the wallet of the client the miner pulled the work unit from. Just be sure to expect that up front, any of the latter two choices are a CHI Coder 6, 8 41 Does solo mining with multiple computers require different generation transaction addresses?
Bitcoind will of course give different data to each of the miners connecting to it. Otherwise using multiple miners would be pointless.
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