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Solo Mining Ethereum 2017

Bitcoin Solo Miner: The Odds In 2017

Bitcoin Solo Miner: The Odds In 2017

Years ago, I won a book as reward for completing a little challenge which consisted of solving the following problem: While driving, I came across a milestone that read a two-digit number ab. One hour later, I saw a new milestone reading the same digits in reverse order ba. Another hour later, I encountered a new milestone with a three-digit number, the same digits as the first milestone separated by a zero: a0b. I was driving faster during the first hour and the difference between the two speed values is a two-digit number. Reversing the two digits on that number gives the value for the first speed e.g. if the speed difference is xy then the first speed value is yx. Can you find a and b? This problem can be solved through logic (not spoiling in case someone feels inspired). But timing was important so I opened my C++ IDE, wrote the brute-force search below, set a breakpoint to read the values and submitted the answer: for (int x = 1; x <= 9; ++x) for (int y = 1; y <= 9; ++y) for (int a = 0; a <= 9; ++a) for (int b = 0; b <= 9; ++b) if ((!((b * 10 + a) - ((a * 10 + b) + (x * 10 + y)))) && ((a * 100 + b) - ((x * 10 + y) - (y * 10 + x)) == (b * 10 + a))) /* Solution found. */ Basically, it is comparable to what Bitcoin miners do for proof of work . While academic cryptanalysts are constantly doing research and analysis to break cryptographic algorithms, no practical attack has been found so far on the SHA256 hash function so the fastest known way to find a block header hash below a specific target is by brute force search. Miners are essentially playing a lottery game in which increasing their computational power would increase their odds of winning the current 12.5 BTC block reward (e.g. Block #487465 ) about $50K at current BTC/USD rate of $4181.1. Since the mining dif Continue reading >>

Ethereum Solo Mininig

Ethereum Solo Mininig

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. i have 3 rigs with hashing power of 330 mh do u think i might have good luck solo mining or stick with pool? If you want steady income, use a pool. The hash rate is too low. I am at 650mh and I have been wandering the same thing, can anyone enlighten on what hashrate you should switch to solo mining. I have read a few month old forums saying over 100 was ok and I found one more recent post about anything under 5gh is not worth it. Would like to know from the big guys a good number to start looking to solo mine The difficulty is so high right now that it would take forever (In theory) of finding a block. You are welcome to try your luck but solo mining can get scary when your rigs are running but no coins are being produced for a long period of time. Quote from: bughatti on April 19, 2017, 01:40:07 AM I am at 650mh and I have been wandering the same thing, can anyone enlighten on what hashrate you should switch to solo mining. I have read a few month old forums saying over 100 was ok and I found one more recent post about anything under 5gh is not worth it. Would like to know from the big guys a good number to start looking to solo mine 500mh to 2gh, use ethpool because they will pay you the full reward for uncles. 2ghz+ you can try solo mining, but most solo miners are 50+ systems. The BEST Crypto exchange in India, where you can buy/sell/trade Bitcoin, BitcoinCash, Litecoin, Ethereum and Ripple, and use a credit card With that hashrate you will find maybe 1 block a week. Quote from: bughatti on April 19, 2017, 01:40:07 AM I am at 650mh and I have been wandering the same thing, can anyone enlighten on what hashrate you should switc Continue reading >>

Home - Ethermine.org - The Fastest Way To Mine Ether

Home - Ethermine.org - The Fastest Way To Mine Ether

Then start your miners by putting the following commands into a bat file setx GPU_FORCE_64BIT_PTR 0setx GPU_MAX_HEAP_SIZE 100setx GPU_USE_SYNC_OBJECTS 1setx GPU_MAX_ALLOC_PERCENT 100setx GPU_SINGLE_ALLOC_PERCENT 100ethminer.exe --farm-recheck 200 -G -S eu1.ethermine.org:4444 -FS us1.ethermine.org:4444 -O . This will use the eu1 server as main server and the us1 server as backup server Choose from the following stratum servers: North America (East): us1.ethermine.org:4444 or us1.ethermine.org:14444North America (West): us2.ethermine.org:4444 or us2.ethermine.org:14444Europe (France): eu1.ethermine.org:4444 or eu1.ethermine.org:14444Asia: asia1.ethermine.org:4444 or asia1.ethermine.org:14444 Download, configure and run Claymores Miner Then start your miners by putting the following commands into a bat file setx GPU_FORCE_64BIT_PTR 0setx GPU_MAX_HEAP_SIZE 100setx GPU_USE_SYNC_OBJECTS 1setx GPU_MAX_ALLOC_PERCENT 100setx GPU_SINGLE_ALLOC_PERCENT 100EthDcrMiner64.exe -epool eu1.ethermine.org:4444 -ewal . -epsw x Choose from the following stratum servers: North America (East): us1.ethermine.org:4444 or us1.ethermine.org:14444North America (West): us2.ethermine.org:4444 or us2.ethermine.org:14444Europe (France): eu1.ethermine.org:4444 or eu1.ethermine.org:14444Asia: asia1.ethermine.org:4444 or asia1.ethermine.org:14444 Stratum mode using Stratum Proxy v0.0.5 by dwarfpool Continue reading >>

Ethereum Mining Calculator And Profit Calculator

Ethereum Mining Calculator And Profit Calculator

Ethereum Mining Calculator and Profit Calculator Warning: The coin daemon or block explorer is offline which may cause out dated estimated expected cryptocurrency earnings to be displayed. Days to generate one block mining solo: 177.94 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 1327.20 Day(s) (can vary greatly depending on the current exchange rates) Days to break even: N/A (can vary greatly depending on the current exchange rates) Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate. Continue reading >>

Solo Vs Pool Mining With A Gpu

Solo Vs Pool Mining With A Gpu

Currently I'm using 1 r9 380 card with 20 MH. I've only been mining for 3 days straight (72hours). I used the Mining Calculators from Etherscan and Cryptocompare. While these sites calculate it will take me approximately 1 month to solve a block for 5 Ether on this single card, with the exponential rate of difficulty increasing is it futile to mine solo? Should I just jump into the adult swim (mining pool) for at minimum some payout in finney? Or should I expect some finney payout in my 20 mh solo mining efforts at least once a week if not daily? Basically I'll never see a single amount in my wallet , not even a penny ('finney') because the pools collectively out pace a 20 mh card (or even a 45mh rate for that matter if I added crossfire). To answer my question please also include the 'reward' process for solo mining. These calculators are not descriptive enough and I have yet to find a Q&A to this delimma. short answer too, that will take the exact opposite stance as @nicolas-massart ;) in the long run you'll be always better off mining solo, ever because you get uncles and pay no fees pool mining reduces your variance, period. this reddit post is quite interesting, it's basically @vitalik-buterin asking as to why people mine in pools. It's not true for all pools but most of them don't pay you uncles : that substracts to your gains.It's almost true for all pools, there is a fee that substracts to your gains too This reddit post is full of useful information and documented with tacit knowledge. Every novice should read this for sure. 01infiniti May 31 '16 at 17:06 Yes but this is not very clear if pool or solo wins... except for decentralization (but I guess most miners are mining for money before any other reason). Nicolas Massart Aug 16 at 7:38 Short answer : don't t Continue reading >>

Pool Vs. Solo Mining

Pool Vs. Solo Mining

This article or section contains information that is no longer up-to-date. Please either update the outdated information or remove the outdated information. Although most miners prefer to mine in pools, there are still merits to solo mining. An article addressing the pros and cons of solo and pooled mining can often answer questions easier than simply asking in: #bitcoin-mining . Additionally, this page can serve as a reference for members of #bitcoin-mining to direct those with questions. The purpose of this page is to explain what the differences between pooled mining and solo mining. This Topic will give pros and cons of each to aid in the decision of a mining approach. Pooled mining "pools" all of the resources of the clients in that pool to generate the solution to a given block. When the pool solves a block, the 12.5 BTC generated by that block's solution is split and distributed between the pools participants. Solo mining is when a miner performs the mining operations alone without joining a pool. All mined blocks are generated to the miner's credit. Pooled mining generates a steadier income. Pooled mining can generate a 1-2% higher income (before fees, if any) due to long polling provided by the pools. Pool mining can suffer interruptions from outages at the pool provider. Pools are subject to DOS attacks and have other downtimes, too. Backup pools and solo mining can be configured for these cases. Pooled mining tends to generate a smaller income due to fees being charged and transaction fees not being cashed out. There are zero fee pools. Until now, transaction fees are not cashed out by any pool. Solo mining is less prone to outages resulting in higher uptime. Solo mining doesn't incur any fees. For each discovered block, 12.5 BTC and the transaction fees are Continue reading >>

Beginner's Guide To Ethereum Mining - Step By Step (2018 Updated)

Beginner's Guide To Ethereum Mining - Step By Step (2018 Updated)

Dont like to read? Watch the video version of this guide: Before we dive into the details of how to mine Ether, its important we understand a little about Ethereums blockchain. Not surprisingly, the basics of Ethereums blockchain are pretty similar to Bitcoins. The best way to understand it thoroughly is to read our guide on Bitcoin mining . While conceptually the two are much alike, there are significant technical differences. Some are more obvious; For example, Ethereum blocks are added every 15 seconds (average) while Bitcoin blocks which are added every 10 minutes (average). As a reward, Ethereum miners receive 3 ETH plus all transaction and code-processing fees (aka gas ) contained in their block, plus a possible bonus for any uncles they include. As for the mining algorithm, Ethereum uses a hashing algorithm known as Ethash which is different than Bitcoins hashcash. Ethash is incompatible with the special hashing hardware ( ASICs ) developed for Bitcoin mining. Moreover, its a memory-hard algorithm; meaning its designed to resist the development of Ethereum-mining ASICs. Instead, Ethash is deliberately best-suited to GPU-mining. Assuming the amount of hardware dedicated to Ethereum mining is rising, why arent blocks being mined ever more rapidly, such that the average 15 second block time has decreased? By automatically adjusting the computational difficulty of solving a block, the Ethereum blockchain is able to maintain ~15 second intervals. Youll notice Difficulty closely tracks hashrate. The next obvious question is what drives changes in hashrate and difficulty in the first place? The answer is price! As can be seen in the image below, hashrate has followed (with some appreciable lag) the ETH price: Daily chart of Ethereums US Dollar value, courtesy of Tradin Continue reading >>

What Is Solo Mining & How It Works For The Miners In The Bitcoin Network?

What Is Solo Mining & How It Works For The Miners In The Bitcoin Network?

Solo mining is a solo process where the miner completely does his task of mining operations without any helping hand. This process is mainly done alone without joining a pool. These blocks are mined and generated in a way to the task completed by the miners credit. This is a small brief on Solo mining and its process. Solo mining is the process of mining alone as we told earlier. We are aware that when you connect yourself to a pool, the process that mainly happens is that all miners get connected to the same bitcoin -client to confirm transactions . This helps to increase the probability of finding a block directly. Further, the block provides incentives from the shares from all miners . If you do the process of solo mining , make sure to connect your miner to your local Bitcoin client. This is for getting the best results to find a block on your own. The probability will tend to decrease and lower, but in turn, you do not share the block incentive. We all know how the Bitcoin network works. If your interest is to go for a long run solo mining and pooled mining you will get you exactly the same amount that you expected. In this new digital world, the real option always goes with pooled mining because it is definitely the better way if you have the hardware which consists of small hash rate. The several tens of TH/s can be used to get more rewards from the solo mining than pooled mining. The current hardwares utilized for the process of solo mining can deliver an experience which is more like playing the lottery. But if you do it right you can exit with a lot of cash. What you need to solo mine How it Works? Firstly, install the Bitcoin -core which is hardware used for solo mining process. Henceforth, start it and complete the download of the blockchain which is almost Continue reading >>

How To Mine Ethereum - Guide For Beginners

How To Mine Ethereum - Guide For Beginners

How to Mine Ethereum - Guide for Beginners Mining is a way to acquire smaller or larger amounts of a cryptocurrency. But mining is also a way to support a coin's ecosystem by helping build a larger, more decentralized network, thus making the information storage on the blockchain more secure. Mining is a way to acquire smaller or larger amounts of a cryptocurrency. But mining is also a way to support a coin's ecosystem by helping build a larger, more decentralized network, thus making the information storage on the blockchain more secure. It is possible for newcomers to the world of cryptocurrencies to start mining immediately and receive rewards. Ethereum mining can be rather complicated and is suitable for intermediate to advanced users. For taking up speculative market positions, it is much easier to acquire Ethereum outright, as mining is not free and may come with significant costs, as returns may vary. The market price of Ethereum has been rising dramatically since the beginning of 2017. The cryptocurrency has added up to 5000% to its value at the peak, as more newcomers would want to get on board and acquire some holdings of Ethereum. [caption id="attachment_82" align="alignnone" width="1096"] Market price fluctuations directly impact mining profitability as the price of the coins mined is higher than the cost of electricity. There is the impact of Ethereum mining hardware, as powerful enough GPUs are required. The best way to get an idea of how Ethereum mining could bring profits is to run the numbers through an Ethereum mining calculator. One can see that depending on market price, solo mining or mining with small hashing power may not be profitable for some cryptocurrencies. The current price of Ethereum makes a small daily profit and is still accessible for Continue reading >>

Top 3 Luckiest Miners

Top 3 Luckiest Miners

Google defines luck as success or failure apparently brought by chance rather than through ones own actions, but in reality, luck will always need a pushing hand, and thats what we want to show you today: Good things come to those who waitGreater things come to those who are willing to work for it. These miners took their chances and got lucky. Thats the wonderful thing about Bitcoin, anyone can be a part of it, all you need is an internet connection! Are you ready to take your chance? 2 years ago, a miner known as BTC Phill bought his first Bitcoin ASIC miner, a usb block erupter (~330mh/s). He tried solo mining with it, despite the fact that it would take him 12 years to find a block. To his amazement, BTC Phill found a block six days after. Since then, he has bought more than 1TH/s worth of mining equipment, and hasnt found a block since. This is the block found by BTC Phill: click . Nowadays many users use old ASIC miners as lottery devices, knowing that they will probably never find a block. Stories like the one from BTC Phill will make you want to do the same. 2 Bitclub Mining operation received a 291.2409 BTC transaction fee In April 2016, the Bitclub Mining pool mined a block that contained a 291.2409 BTC tx fee for a 0.0001 BTC transaction. Most people agreed that the user meant to do the opposite and send a 0.0001 BTC fee to pay for a 291.2409 BTC transaction. Bitclub mined that block and tried to return it to the person who sent it, although no one came forward. Many believe the reason for that is that the funds might have been stolen, since they appear to have come from a mixing service. Bitclub also informed that if the funds remained unclaimed they would be donated to a charity. This is the block we are referring to: click . This next story doesnt really Continue reading >>

Best Method To Mine Virtualcurrency In 2017: Bitcoin, Zcash, Litecoin, Ethereum

Best Method To Mine Virtualcurrency In 2017: Bitcoin, Zcash, Litecoin, Ethereum

Best method to mine virtualcurrency in 2017: bitcoin, zcash, litecoin, ethereum When buying mining hardware became profitless for normal people, it started to appear a lot of websites that sold infinite mining contracts or for a period of time.If you do the proper math on those contracts, you will find that you will lose money and the best option is just to buy bitcoin (even if the price raises).So those "mining contracts" are in most of the cases a scam, even if they own the mining hardware. Today after several research we found a great idea, which is called nicehash . This website is not a mining contract, it actually connects the miner and the people that needs hash power.They provide a platform where buyers of hash can place a bid for certain amount of hashing power. Several people is doing SOLO mining while buying a lot of hash power to increase the chance of obtain the block solution. Nicehash can be very lucrative when you need a lot of hash power in short period of time and it can cost little money. We were doing some test from both sides, buying and selling hash power and the site is real. We also made several houndred dollars buying hashing power for certain moments where mining is the right thing to do. Here is the result of our mining rigs with 4 gpus, two rx 470 and two hd7950: Continue reading >>

Gpu Mining? - Cryptocurrencies - Level1techs Forums

Gpu Mining? - Cryptocurrencies - Level1techs Forums

Thanks. Just downloaded the latest Claymore miner, and says its an Eth and Decred miner. I was considering mining Decred so that's cool. Might do that instead of Eth. :0 This miner is free-to-use, however, current developer fee is 1% for Ethereum-only mining mode (-mode 1) and 2% for dual mining mode (-mode 0), every hour the miner mines for 36 or 72 seconds for developer. Claymore's combined miner is for ETH+xxx if you want to mine SIA or Decred etc. there may be better dedicated tools. Claymore has posted that in the forum thread before. Mining right now on GPUs are a very good idea to do, I could make a thread on how to set up Claymore's dual miner if there is demand. Today after seeing article after article about mining for Ethereum on Facebook decided I would start today. The thing is though the software I thought I was to use has AMD in the file name for the program. Is Geth able to be used with Windows 7 64 bit and Nvidia cards? Also is there a mining for dummies piece of software to use for mining Ethereum? The simpler the better for me. The simplest way to mine ethereum well with is probably to get a POLONIEX account to use as a wallet, (Plus you can trade different coins and also sell your bitcoin for tethered USD coins if you don't want to risk having the value go down over time). Using a miner like claymore is pretty simple, all you really need to do is do is edit some bat file with notepad to configure it. The simplest way to mine ethereum well with is probably to get a POLONIEX account to use as a wallet, (Plus you can trade different coins and also sell your bitcoin for tethered USD coins if you don't want to risk having the value go down over time). Using a miner like claymore is pretty simple, all you really need to do is do is edit some bat file with Continue reading >>

Eth Mining Calculator

Eth Mining Calculator

There are three ways you can mine Ethereum; each has its perks and demerits, they are solo mining, pool mining and outsourced (cloud) mining. Solo mining might have the best payout of the three methods if you have the financial power to invest in several GPUs and pay mammoth electricity bills. To carry out solo mining successfully, you need to hit at least 100 mega hashes per second and this hash rate will increase as difficulty rises. However, you get all the rewards; they include payment for uncles on top of your earnings. Cryptocurrency mining pools are popular among ETH miners because they allow you to mine ether with a modest hash rate. The hash rates of each miner in the pool aggregate to a level where members earn ETH profitably. The amount you earn is pegged on the speed or hash rate you have contributed. You receive you pay when the amount has reached a payout amount, which is decided by the pool. Pool fees are usually pegged as a percentage and you have to foot the payout costs, which will be deducted from your earnings. While mining from a pool is advantageous if you dont have the heavy mining hardware, the rewards and the pay you get might not be equal to what youd have received if you mined solo. Some pools may pay you, plus all rewards while in others you might not get paid for uncles. This is outsourcing the mining. Cloud mining companies will charge you a fee, usually for a fixed-term contract. A short contract might be one year.Cloud mining is profitable because the GPUs are bought in bulk, hence at discounts. They have the option to base operations overseas, in countries where electricity costs are low.You can get a smart deal if the company hedges you against the fluctuations in the market. These companies also guarantee that the system is always onl Continue reading >>

Mining Ethereum On Ubuntu With A Gtx 1070

Mining Ethereum On Ubuntu With A Gtx 1070

Mining Ethereum on Ubuntu with a GTX 1070 This article originally appeared on Joshua Powers blog Ethereum has appeared more and more in the news and rightfully so. Ethereum recently set another transaction record of 400,000 transactions in a single day . Then the recent drama of the Bitcoin split has caused even more attention to Ethereum as an alternative. If you are unfamiliar with other Blockchain or Ethereum check out the following articles: I thought it would be interesting to see what it takes to mine Ethereum. Ethereum is another crypto currency, similar to bitcoin. Before starting if you are unfamiliar with either cryptocurrencies in general or ethereum consider reading the articles below. My post is not meant to be an overview of either, but rather how I got mining Ethereum going on Ubuntu. Currently there does not appear to be any Ethereum packages in the Ubuntu archive. However, there is a PPA for Ethereum that is available for all supported releases of Ubuntu. Inside is a package called etherum, which is a metapackage to install all the relevant software. Both the PPA and package can be installed via the following: ~ sudo add-apt-repository ppa:ethereum/ethereum -y~ sudo apt update~ sudo apt install ethereum -y Once installed the next step is to get a wallet address. You can create this by using geth, which is a go-lang based ethereum command line interface. Geth will ask you to create a passphrase, which you must use and not forget. ~ geth account new WARN [08-13|16:57:51] No etherbase set and no accounts found as default Your new account is locked with a password. Please give a password. Do not forget this password. Passphrase: Repeat passphrase: Address: {6d28522f27971cf42efa6d100576b1b34fc63188} The value printed as the address is your personal wallet a Continue reading >>

Ethereum Mining Guide For All Operating Systems

Ethereum Mining Guide For All Operating Systems

BestVPN Guides Ethereum Mining Guide for all Operating Systems Ethereum Mining Guide for all Operating Systems Ethereum mining can be difficult, I know! In this guide, Ive covered everything from the bottom up so whether youre a beginner or a pro you should be able to glean some useful insight and learn something new. It doesnt matter if youre planning to do mining using Linux, ethOS or Windows. Ive made sure to cover the steps for each. You will also find some great tips, tricks, optimizations, and solutions to common troubleshooting issues. If you dont have time to read all of it today, then bookmark this page, or sign up to our email list and receive it as a free ebook! Ethereum is an open blockchain platform similar to Bitcoin but with additional in-built flexibilities. With Ethereum, the blockchain can be considered to be intelligent thanks to the Ethereum Virtual Machine and Smart Contracts. Whereas with Bitcoin its a glorified ledger. With Ethereum you can execute code on the blockchain in a distributed way. These are called Smart Contracts. These allow you to set up a system, whereby a person will only receive payment under certain conditions. As Ethereum grows, the scale and complexities of these contracts are expected to increase. Smart Contracts is what has given Ethereum such a solid footing, as like with the blockchain has a functional use. If youre interested in about how Ethereum came about and wanted to find out more about it, then watch this YouTube video by COO, Stephan Tual . Before you determine if you should go on your Ethereum mining adventure; youll need to decide whether its going to be profitable or not. While, on the surface, this is incredibly easy, as Ill show below, you must be aware that mining is very much like trading. Cryptocurrency pri Continue reading >>

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