Yes earnings maybe even more than a month, will help out with the experiment as best i can, just great to be part of it.
Hello, I am also interested in solo mining. Is there somewhere any step by step guide how to set up solo mining on L3? Thanks
I don’t recommend solo mining.
Why not? difficulty and low hashrate of L3?
This ended up being a failure…
Yes. You will regret it… learn from my experience and don’t solo mine.
This wasn’t a total failure, we did find blocks it’s just that I don’t have the funding to sustain this and every time I’m not lucky I get crushed since I’m getting a good amount of hash from rental.
Just wanted to give a shoot out to the colleague from Exoblock that has been helping with this experiment (at times providing nearly 1 THs of power to support experiments). They’ve got 100kw of capacity left if anyone is looking for colocation, hit them up [email protected]. None of this research would have been possible without them.
This is a pity but I’m sure you’ve learnt plenty from this and others can read about your experiment
Yes, I’m working on setting this up to try Verge which has a shorter estimated time per block. Same experimental setup, different coin. The Verge blockchain just takes days to download… it’s no Litecoin, thats for sure.
After doing some research into Verge, I decided that coin is a joke…
- forked from Dogecoin (seriously…)
- the creator seems sketchy AF
- the development team seems to be clueless about all things privacy/security (recently hacked)
- not interested in associating/support a currency that seeks to partner with pornography sites
Started to experiment with Gamecredits instead, still no Litecoin… but at least I can mine a block in a reasonable amount of time given my budget.
Please i need real wallet for litecoin
Thanks so much! God bless you
One advantage to pooled mining is that you get to use the pool’s tools. These include things like web-based control panels, alerts, and so on. If the difficulty doesn’t increase before mining a block, then solo mining is more profitable, because the pools normally take fees. Otherwise, pool mining is more profitable. Also, if you are looking for advertising your business on a crypto-based advertising platform then Adconity is the platform you need as it is a user-friendly bitcoin-based advertising platform for advertisers and publishers with competitive pricing options.
Yes, solo mining is better you should do it because I have been reading recently and read some article which got me worried about pool mining. example [email protected]/massive-monero-mining-fraud/
I wouldn’t be so quick to draw that conclusion, the article here is about how a researcher estimates that 5% of all Monero mined was mined maliciously (e.g. botnets, coinhive, etc.). They aren’t saying that the pools are being malicious. Though it’s probably safe to assume some pools might not be honest about their fees, no real way to audit that.
I could see how solo mining could be attractive but based on all my experience, there is really no gain from solo mining. In fact, solo mining has proven worst than pooling since you have to spend a lot of time and money on setting up you’re own pool.
Hi there miners!! Good debate going on here… I am looking into mining pools personally, was wondering if there are any good suggestions, I have seen one that looks very promising and interesting called Cryptosolartech they are in Spain, have a look, any other recommendations are welcome thank you in advance!
It is a platform that runs .NET, it works on Windows and Linux, I run it on Ubuntu.
There is no frontend for it but if you google around you can find one. I actaully don’t have a frontend on my pools and just monitoring using the API interface that miningcore provides.
What I like best is that Coinfoundry maintains it and uses it for their pools. Coinfoundry has pools for most popular coins so you can kind of benchmark your effectiveness as a pool operator to their statistics. For example, Coinfoundry’s Litecoin pool shows 160% for average block effort for about 5 GHs. Tt’sall probabilistic but if you’re running such a low hashrate it might be tough to know if it’s working. There are also some blocks that have over 1000% effort meaning they take 10 times as long.
Coinfoundry is a good tool because miningcore works well and they provide good benchmarks to compare your pool against.
I solo mine at ltc.tbdice.org with one L3+ and have found one block in the 2months i been mining there and not 24/7 then but i am now. No matter how much hashing power you have only one of your miners is going to solve the block so your only increasing your odds of finding a block by adding more miners. All it takes is 1 though😉
If you have any Bitcoin requirement, you can let me know. You can add me on Skype - seth.cis
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