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    Author Topic: [∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved!  (Read 1515360 times)

    • apederzoli
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    July 20, 2016, 07:23:50 PM
     #6061
    Ok. So I have a question, thanks in advance for whoever replies and sorry in advance if it annoys anyone.
    When solo mining, if I want to spend some coin on a 5 ph rental, that would give me a probability of hitting a block in 48 hours correct? By sending around 213 b shares. in case that I "start from zero"
    If I have already mined for some time and have lets say submitted 100 b shares already and then do the rental are my chances better since I have already a submitted some shares or it doesn't make any difference?
    Or if a connect a new miner will it skip all the shares that have already been submitted ( that we already know won't solve a block) or will it start over again and maybe submit shares that have already been submitted?
    Hope I was clear enough!
    Thanks

  • hodedowe
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    July 20, 2016, 07:36:26 PM
     #6062
    Quote from: apederzoli on July 20, 2016, 07:23:50 PM
    Ok. So I have a question, thanks in advance for whoever replies and sorry in advance if it annoys anyone.
    When solo mining, if I want to spend some coin on a 5 ph rental, that would give me a probability of hitting a block in 48 hours correct? By sending around 213 b shares. in case that I "start from zero"
    If I have already mined for some time and have lets say submitted 100 b shares already and then do the rental are my chances better since I have already a submitted some shares or it doesn't make any difference?
    Or if a connect a new miner will it skip all the shares that have already been submitted ( that we already know won't solve a block) or will it start over again and maybe submit shares that have already been submitted?
    Hope I was clear enough!
    Thanks

    No, Apederzoli, it doesn't work like that. You can submit 293449829843499494488 billion shares and each one has just as much chance as the previous one of hitting a block. You could hit it on the first share. It doesn't matter.

    Think of it as a scratch off lotto ticket. You can sit and scratch 100 tickets, but that doesn't make you any closer to hitting a winner. You could scratch one and win. That's why so many people still run 30mh USB miners. They have very little hash so shared mining is worthless to them, but they could hit that one "solo" ticket and win big. So they still try.

    Several 5PH rentals have hit a block. Several more haven't. Your luck is just that, luck. You're only improving your chances by renting a bunch of hash at once.

    Solo mining is alive and profitable!
    Helped? Thanks! 1CXRFh4bDVFBsUzoHMMDbTMPcBP14RUTus

  • apederzoli
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    July 20, 2016, 07:48:42 PM
    Last edit: July 20, 2016, 08:00:50 PM by apederzoli
     #6063
    Quote from: hodedowe on July 20, 2016, 07:36:26 PM
    Quote from: apederzoli on July 20, 2016, 07:23:50 PM
    Ok. So I have a question, thanks in advance for whoever replies and sorry in advance if it annoys anyone.
    When solo mining, if I want to spend some coin on a 5 ph rental, that would give me a probability of hitting a block in 48 hours correct? By sending around 213 b shares. in case that I "start from zero"
    If I have already mined for some time and have lets say submitted 100 b shares already and then do the rental are my chances better since I have already a submitted some shares or it doesn't make any difference?
    Or if a connect a new miner will it skip all the shares that have already been submitted ( that we already know won't solve a block) or will it start over again and maybe submit shares that have already been submitted?
    Hope I was clear enough!
    Thanks

    No, Apederzoli, it doesn't work like that. You can submit 293449829843499494488 billion shares and each one has just as much chance as the previous one of hitting a block. You could hit it on the first share. It doesn't matter.

    Think of it as a scratch off lotto ticket. You can sit and scratch 100 tickets, but that doesn't make you any closer to hitting a winner. You could scratch one and win. That's why so many people still run 30mh USB miners. They have very little hash so shared mining is worthless to them, but they could hit that one "solo" ticket and win big. So they still try.

    Several 5PH rentals have hit a block. Several more haven't. Your luck is just that, luck. You're only improving your chances by renting a bunch of hash at once.




    Thanks for the reply.
    In that case, what does the best share means?
    If all shares have the same probability of solving the block why is there a best one ?

  • ComputerGenie
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    July 20, 2016, 08:07:51 PM
     #6064
    Quote from: apederzoli on July 20, 2016, 07:23:50 PM
    When solo mining, if I want to spend some coin on a 5 ph rental, that would give me a probability of hitting a block in 48 hours correct? By sending around 213 b shares. in case that I "start from zero"

    Every given hashrate has an on average range/time-frame to find a block. Luck (good or bad) determines if that average is based on 5 shares or 5 years of shares.

    Solo becomes a gamble because all of the following equal 1 block every 48 hours* (on average):
    • mine for 48 hours and find just 1 block on hour 48
    • mine for 48 hours and find just 1 block on hour 1
    • mine for 48 days and find 24 blocks on day 48 (and 0 blocks any other day)
    • mine for 48 years and find a block every other hour during years 47 and 48 (and 0 blocks any other year)


    *numbers likely off but true enough to make valid point
    If you have to ask "why?", you wouldn`t understand my answer.
    Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....

  • ComputerGenie
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    July 20, 2016, 08:16:46 PM
     #6065
    Quote from: apederzoli on July 20, 2016, 07:48:42 PM
    In that case, what does the best share means?
    If all shares have the same probability of solving the block why is there a best one ?

    Best shares is just to let you know how close you've ever come.
    If the network diff is 100billion and your best share is 1 billion then you get to know you've managed to have 1 share that was 1% of the way to solving a block. Knowing best share is both a blessing and a curse. Tongue
    If you have to ask "why?", you wouldn`t understand my answer.
    Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....

  • hodedowe
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    July 20, 2016, 08:37:35 PM
     #6066
    Quote from: apederzoli on July 20, 2016, 07:48:42 PM
    Quote from: hodedowe on July 20, 2016, 07:36:26 PM
    Quote from: apederzoli on July 20, 2016, 07:23:50 PM
    Ok. So I have a question, thanks in advance for whoever replies and sorry in advance if it annoys anyone.
    When solo mining, if I want to spend some coin on a 5 ph rental, that would give me a probability of hitting a block in 48 hours correct? By sending around 213 b shares. in case that I "start from zero"
    If I have already mined for some time and have lets say submitted 100 b shares already and then do the rental are my chances better since I have already a submitted some shares or it doesn't make any difference?
    Or if a connect a new miner will it skip all the shares that have already been submitted ( that we already know won't solve a block) or will it start over again and maybe submit shares that have already been submitted?
    Hope I was clear enough!
    Thanks

    No, Apederzoli, it doesn't work like that. You can submit 293449829843499494488 billion shares and each one has just as much chance as the previous one of hitting a block. You could hit it on the first share. It doesn't matter.

    Think of it as a scratch off lotto ticket. You can sit and scratch 100 tickets, but that doesn't make you any closer to hitting a winner. You could scratch one and win. That's why so many people still run 30mh USB miners. They have very little hash so shared mining is worthless to them, but they could hit that one "solo" ticket and win big. So they still try.

    Several 5PH rentals have hit a block. Several more haven't. Your luck is just that, luck. You're only improving your chances by renting a bunch of hash at once.




    Thanks for the reply.
    In that case, what does the best share means?
    If all shares have the same probability of solving the block why is there a best one ?


    Like ComputerGenie said, Best Share is just for fun. You can look at it and say "Dang, I missed it by that much!"
    Solo mining is alive and profitable!
    Helped? Thanks! 1CXRFh4bDVFBsUzoHMMDbTMPcBP14RUTus

  • apederzoli
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    July 20, 2016, 08:41:37 PM
     #6067
    Got it.
    Thanks all for the replies

  • apederzoli
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    July 21, 2016, 12:32:37 AM
     #6068
    Last question.
    If I rent lets say 5 ph and mine on a pool.
    If I find a block, does that mean that if I was mining solo would i have solved that block too or the fact that I was pool mining made it easier for me to solve the block?
    When mining on pool, the advantage is that there are more miners trying to solve a block on their own or do all the miners in the pool work as one?

  • hodedowe
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    July 21, 2016, 12:58:36 AM
     #6069
    Quote from: apederzoli on July 21, 2016, 12:32:37 AM
    If I find a block, does that mean that if I was mining solo would i have solved that block too or the fact that I was pool mining made it easier for me to solve the block?

    Nope, the pool sends you special code that goes into every share. You just got lucky with your miner's code plus that special code only available at that pool and you solved a block, which you now share with everyone else on the pool.



    Quote from: apederzoli on July 21, 2016, 12:32:37 AM
    When mining on pool, the advantage is that there are more miners trying to solve a block on their own or do all the miners in the pool work as one?

    Yes and yes. All miners work as one as far as the block is concerned. And there are more miners working toward that goal, each as a "hive mind". That's oversimplified, but that's the gist of it.
    Solo mining is alive and profitable!
    Helped? Thanks! 1CXRFh4bDVFBsUzoHMMDbTMPcBP14RUTus

  • ComputerGenie
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    July 21, 2016, 01:01:17 AM
     #6070
    Quote from: apederzoli on July 21, 2016, 12:32:37 AM
    Last question.
    If I rent lets say 5 ph and mine on a pool.
    If I find a block, does that mean that if I was mining solo would i have solved that block too
    Possibly you could have solved a block , but possibly not given that every given hash is random.
    Quote
    or the fact that I was pool mining made it easier for me to solve the block?
    Nothing makes solving "easier" except lower network difficulty.
    Quote
    When mining on pool, the advantage is that there are more miners trying to solve a block on their own or do all the miners in the pool work as one?  
    Each miner in a pool essentially works on their own, with the agreement that if/when they find a block, then that block belongs to everyone in the pool (and the pool owner).
    If you have to ask "why?", you wouldn`t understand my answer.
    Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....

  • liveflipcoin
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    July 21, 2016, 03:22:26 AM
     #6071
    Quote from: Mikestang on July 20, 2016, 06:39:53 PM
    You guys are silly, y'all sure read a lot into my post.  Thanks for all the love, I had no idea I had so many followers.

    Quote from: ComputerGenie on July 19, 2016, 01:32:42 AM
    some bs
    Stalker much?  Work on your reading comprehension.

    You really like to put yourself high on the pedestal eh? You're just a noob in this bitcoin world, stop acting like you know what you're talking about just because of your "hero" status. YOU'RE A NOOB

  • ComputerGenie
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    July 21, 2016, 03:46:05 AM
     #6072
    @liveflipcoin ,
    It might have made sense if he called you the "stalker" Tongue
    If you have to ask "why?", you wouldn`t understand my answer.
    Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....

  • -ck (OP)
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    July 21, 2016, 03:52:08 AM
     #6073
    Calm down guys, do I have to start deleting posts?
    Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
    2% Fee Solo mining at solo.ckpool.org
    -ck

  • ComputerGenie
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    July 21, 2016, 04:06:58 AM
     #6074
    Quote from: -ck on July 21, 2016, 03:52:08 AM
    Calm down guys, do I have to start deleting posts?
    Shocked
    All in fun here...
    If you have to ask "why?", you wouldn`t understand my answer.
    Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....

  • CryptoBuddha
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    July 21, 2016, 03:15:20 PM
     #6075
    Quote from: -ck on July 21, 2016, 03:52:08 AM
    Calm down guys, do I have to start deleting posts?
    I think yes. Even if you delete my post i won't get offended if it makes the thread cleaner.
    aka Shammann elsewhere, spreche etwas Deutsch, pyccкий тoжe знaю
    ॐ मणि पद्मे हूँ

  • ComputerGenie
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    July 21, 2016, 03:37:26 PM
     #6076
    Quote from: CryptoBuddha on July 21, 2016, 03:15:20 PM
    ... if it makes the thread cleaner.

    Imo, anyone that makes it to page 307 just wants to read.  Tongue
    If you have to ask "why?", you wouldn`t understand my answer.
    Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....

  • Shiroslullaby
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    July 21, 2016, 05:13:29 PM
     #6077
    Question for the people pointing rentals at this pool-
    who are you renting from?
    With all the scams these days, I wouldn't trust a rental company without some good recommendations.
      ✔ FAST EXCHANGE     ✔ OVER 350 COINS       ✔ MULTICOIN DICE      ✔ FREE COINS EVERY 24 HRS!     
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  • citronick
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    July 21, 2016, 05:15:29 PM
     #6078
    Quote from: Shiroslullaby on July 21, 2016, 05:13:29 PM
    Question for the people pointing rentals at this pool-
    who are you renting from?
    With all the scams these days, I wouldn't trust a rental company without some good recommendations.

    there is only 2 providers with "good" track record

    Nicehash

    and

    MRR - Mining Rigs Rentals
    If I provided you good and useful info or just a smile to your day, consider sending me merit points to further validate this Bitcointalk account ~ useful for future account recovery...

  • Mikestang
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    July 21, 2016, 05:15:47 PM
    Last edit: July 21, 2016, 06:04:28 PM by Mikestang
     #6079
    Been solo mining at this pool for over a year, label me however it makes you happy.

    Quote from: liveflipcoin on July 21, 2016, 03:22:26 AM
    ...
    So much hate, and totally off topic.

    Quote from: ComputerGenie on July 21, 2016, 03:46:05 AM
    @liveflipcoin ,
    It might have made sense if he called you the "stalker" Tongue
    You are correct, I misplaced that label (need to work on my reading comprehension, as you noted) and you have my apology.

    Quote from: -ck on July 21, 2016, 03:52:08 AM
    Calm down guys, do I have to start deleting posts?
    If you feel it's necessary, please do, I try not to fan the flames.

    Quote from: Shiroslullaby on July 21, 2016, 05:13:29 PM
    Question for the people pointing rentals at this pool-
    who are you renting from?
    With all the scams these days, I wouldn't trust a rental company without some good recommendations.
    My only experience is with NiceHash and I've always been happy with the service they provide.  Although renting hash is basically gambling and I've never had any luck gambling, so I don't rent often.

  • ComputerGenie
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    July 21, 2016, 05:43:45 PM
     #6080
    Quote from: Shiroslullaby on July 21, 2016, 05:13:29 PM
    Question for the people pointing rentals at this pool-
    who are you renting from?
    With all the scams these days, I wouldn't trust a rental company without some good recommendations.

    I give a 2nd vote to MRR - Mining Rigs Rentals.

    I haven't tried NH; however, MRR all but about guarantees the hashrate you rent (when rental is done, if the overall average rate is significantly under target, they refund you the difference).
    If you have to ask "why?", you wouldn`t understand my answer.
    Always be on the look out, because you never know when you'll be stalked by hit-men that eat nothing but cream cheese....
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