Questions tagged [solo-mining]

refers to mining by yourself, not organized in a mining-pool

Filter by
Sorted by
Tagged with
36
votes
1answer
34k views

What are the bandwidth requirements of a mining rig?

How much bandwidth consumption can I expect per 900 Mhash/s rig (for instance) for both pooled and solo scenarios? I'm looking for a ballpark number for the on going requirements, after the initial ...
41
votes
2answers
59k views

What is a share? Can I find it while mining solo, or only when pool mining?

In mining, what is "a share"? When mining solo, do I "find shares"?
26
votes
6answers
90k views

Solo mining just for luck, realistic?

Just turned my attention to mining and the concepts are quite new to me. First of let me be clear: I realize that my hardware setup is far from ideal for mining. This is also the reason why I do not ...
13
votes
4answers
40k views

What are the odds of discovering a block as a solo miner?

I understand that during mining, one does not discover individual coins, but rather blocks of coins, and I heard that one block equals many coins (but how many?). I am wondering though, as a solo ...
14
votes
1answer
3k views

What is a Mining Pool, what is it good for?

What advantages / disadvantages does it offer over solo mining?
19
votes
4answers
23k views

Solo Mining vs Pool Mining for users with high computing power

Let's say that a user has a decent amount of computing power. At the current difficulty of 1777774.4820015, he could have for example 10Gh/s (he would earn around 5 BTC per day according to a ...
7
votes
3answers
5k views

Lottery Mining?

I know mining is extremely difficult now. I just wondering has anyone "won" by solo mining a block? How does the chances compare against say wining the lottery? Assume 3 Giga Hashes Per Second say.
13
votes
3answers
22k views

How do mining pools work?

I understand the following Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the ...
9
votes
2answers
37k views

What options are there to combine mining over multiple computers?

Assuming you have multiple (30+) computers, what options are there available to do a distributed solo-mine? Can I have them all checking into one bitcoin application over the network, or do I need to ...
6
votes
2answers
3k views

How do I generate coins on testnet? CPU, GPU, FPGA? Are there pools?

Is it possible to mine coins on testnet using CPU? GPU? How about FPGAs? Are there any pools running on testnet? The reason I am looking for this is so I can master the new API's relating to ...
4
votes
3answers
6k views

Wouldn't the expected return of a mining pool be no more than solo mining?

I don't understand the advantages of pool mining if you want to maximize your return. It seems like all it does is even out your return to make it more predictable by paying you smaller amounts more ...
1
vote
1answer
237 views

About traditional Bitcoin mining

I'm curious about traditional bitcoin mining, before pooling. Did an older version of the bitcoin wallet found on sourceforge have a mining feature built in which worked on a simple macbook? if so ...
1
vote
3answers
2k views

Bitcoin.conf & JSON-RPC options

What does it mean in the bitcoin.conf file when it states: server=1 tells Bitcoin-Qt to accept JSON-RPC commands? If all one needs to do to solo mine is type setgenerate true in the console, ...
0
votes
1answer
206 views

Today's threshold difficulty at 3,9 what would a miner need to go solo

What i am asking is a relative threshold on the minimum Hash rate needed to mine solo, taking into account todays difficulty,could it be an ASIC of 1TH/s or 5TH/s so as to compare with pool mining
0
votes
1answer
10k views

How much internet traffic and bandwidth does mining with a pool need?

As you know the new Antminer S9 is available and its hash rate per second is 14TH. Now, my question is if I buy one of these, how much internet traffic and bandwidth do I need for mining by pool and ...
3
votes
1answer
3k views

How to use Bitcoin Core's submitblock method

I'm trying to understand how mining works. For learning purpose I'm using Bitcoin Core as solo mining pool. Getblocktemplate will return data that is enough to start mining witch is simple founding ...
8
votes
2answers
14k views

Does the program I downloaded (bitcoin-qt) mine bitcoins? [duplicate]

Possible Duplicate: How can I start mining Bitcoin? Nothing ever says how to actually mine bitcoins, except to join a pool. I don't want to do that. All I really know is that each block has an ...
3
votes
1answer
3k views

“No more backup pools left. Using primary and starting over.”

I am not using a pool, I am using my graphics cards mining with poclbm over rpc. i do not understand why I get these messages. localhost:8332 15/08/2012 22:40:13, No more backup pools left. Using ...
1
vote
2answers
923 views

Is it possible to confirm a specific transaction with your own miner?

I sent a Bitcoin transaction a few days ago and it still doesn't have any confirmations. I actually have a ASIC miner. Is it possible to confirm a specific transaction, in this case mine, with my ...
1
vote
2answers
4k views

Solo Mine with an AntMiner

How do I solo mine with an AntMiner? AntMiners use cgminer, which certainly supports GBT, but when I use http://<my_local_net_ip>:8332/ and my bitcoind username and password for "Worker" and "...
1
vote
1answer
5k views

Solo mining without a pool?

Is it necessary to run a "full node" including port forwarding in order to solo mine Bitcoin without any involvement of a pool? I see that pools are offering solo mining as an option, but why would I ...