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Mining experiences

I present to you my journey with Bitcoin mining.
About 2 or so years ago a somewhat-more-nerdy-than-me buddy of mine ropes me in to Bitcoins. I installed the client in a few places and let them CPU solo mine for a while. After a few weeks of nothing, I got bored and forgot about it.
Then in March this year, I jumped on the bandwagon again (all the while kicking myself for not sticking to it). This time, I figured out BAMT, played on deepbit for a while, learned enough linux to make p2pool run, and generally tweeked with configs in cgminer to make my GPU miners hum (and overheat).
Around April, I got suckered in by the BFL pitch and ordered a couple Jalepeno's. After "burning in" my stuff for a good 6 months, I guess they felt guilty and decided to ship them to me.
So now I've got these things hooked up to a laptop and the 10GH/s looks awesome after GPU minng (4 GPU's @ 750MH/s ea). The pool rewards tell a different story however (~.002/day). I've purchased a r-pi and plan to see how that'll play out with the ASIC's.
The GPU's have been re-tasked to LTC mining. We'll see how that goes.
I've come to the conclusion that while the steady and predictable payout of a BTC pool is smart, I'd like to play the lottery and just let my BFL's solo mine for a bit. I mean, how awesome would it be to check it one day and see the line "Found block for pool 0!".
Then again, the number of natural 20's I've rolled over the years is shockingly low. Still fun to dream. I imagine I'll return to the pool eventually with my head hung low mumbling "stupid blockchain"
TL;DR - mined bitcoins with different tech over time.
submitted by michaelwt to BitcoinMining [link] [comments]

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A block about bitcoin mining styles. Posted on 11 July, 2017 by Administratoruk. Bart: I've been mining for 2 hours and there is no payment! There is no advantage to "pooling" solo miners. Simply install the client and a miner on each machine. Point the miner at the local client and start mining. While you can have all the machines pointed to a single client (just give the miner the machine-name or LAN IP address of machine w/ bitcoind/wallet) doing so introduces a single point of ... You can calculate Bitcoin mining profits using the current BTC hashrate difficulty and our Bitcoin mining calculator. What is the Current Bitcoin Hashrate? The current Bitcoin hashrate (BTC hashrate) is 146.25 EH/s at block height 654,160 with a difficulty of 19,997,335,994,446.11. Bitcoin Hashrate Stats . Current Bitcoin Hashrate. Bitcoin Global Hashrate 146.25 EH/s Bitcoin Hashrate All Time ... I don't solo mine but my pool stats show I've found two blocks in a relatively short time last month. So had I been solo mining I would have made 50 BTC, more than 5x my pool rewards to date. I still wouldn't solo mine though because the chance that I never found a block at all and lost all that money invested in mining equipment is very high. Bitcoin uses SHA-256 as its proof-of-work scheme, but there are a few other major alternatives of Bitcoin that use SHA-256 and can be mined the same way as Bitcoin and with the same hardware including the specialized Bitcoin ASIC hardware miners. These are Namecoin, Devcoin, IXCoin, Freicoin, Peercoin, Terracoin, Zetacoin and others. You can mine these coins and then trade them at crypto ...

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Beginner's guide to solo bitcoin and litecoin mining ...

*****UPDATE***** Solo mining has been removed from client. I'll keep the video up for how it used to work, it might still work for some alt coins (unsure) yo... Newbie guide for those who want to try solo bitcoin and litecoin mining, using bfgminer and cgminer. The config files shown in the video are available in the... This video features a screen grab of CGMiner solo mining Bitcoin using a single GekkoScience 2PAC-2 Bitcoin USB Mining Stick -- Sold on Amazon: http://amzn.t... This is what you need to know about Cryptomining.... Cryptomining is all about your Hardware.... you can Solo mine and pool mine too... i also mentioned how ... We take a look at profitability of USB miner solo mining Bitcoin and Litecoin. What are the chances to find a block on your own own of 12.5 BTC or 25 LTC. Ch...

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