Primecoin is an innovative cryptocurrency, a form of digital currency secured by cryptography and issued through a decentralized mining market. Derived from Satoshi Nakamoto's Bitcoin, Primecoin introduces an unique form of proof-of-work based on searching for prime numbers.
I have a Gekko NewPac USB miner that I bought for fun while getting started. Overclocked, I average around 50 Gh/s. The machine it’s connected to has a full Bitcoin Node on it. I’ve enabled the wallet, and would like to point my Gekko miner at the node via cgminer for solo mining, just as a lottery. I know the odds. I’ve tried following several guides, but they are all fairly old. Is this still possible? And if so, can anybody help me with the bitcoin.conf file?
Setting up solo mining just targeting USB erupters? PC/Mac?
I am having trouble trying to get solo mining started on either my PC or Mac. I have a PC set up that is using three 7950s that are mining Litecoins. I'd like to have my 2 USB erupters solo mining Bitcoins for fun on the same system. I have the drivers installed for the USB miners and my system recognizes them. I am starting Bitcoin-QT as -server My bitcoin.conf looks like this: listen=1 server=1 rpcuser=user rpcpassword=pass I set up a BFG .bat like this: bfgminer.exe -o 127.0.0.1:8332 -O -u user -p pass When I launch that, BFG just crashes. I have also tried it with CGminer and that crashes also. I'd like to keep CGminer on the cards Litecoin mining and use BFG for the USB miners. How do I get BFG to work just with the USBs? Also, do I need to input a Bitcoin address somewhere so if I did solve something I get the payout? Sometimes, I do more work on my Mac and am also trying to set up the USBs to mine on a Mac using Diablo miner. Will that work the same way as the PC setup once we get it figured out? Thanks for any help.
So there's a coin that has more solo miners than all the Bitcoins, Litecoin and Ethereum put together? And it scales to MILLIONS of mining modes using Wolfram research? #3 total node count behind BTC and ETH and in testnet? Stephen Wolfram and DIffie are advisers... You're joking right?
Hello all I am planning on buying a 300 GH/s ASIC miner (https://products.butterflylabs.com/300-gh-bitcoin-mining-card.html) I was wondering if someone could tell me how to solo mine bitcoins and if this product is worth the money. And also would I really be making hundreds of dollars a month if I constantly mine 24/7? Thank you!
You'll hear some say that it's impossible to solo mine bitcoin now. Other say it's not impossible, it's almost impossible you would have to be lucky. Others say it will take you 300 years to find a block at that rate. Some I've read say they will solo mine for fun because it's like a lottery. How do these calculations work and which is true? Is it really based on time and how long you have your miner running? Is it possible for a slower machine to find a block than a faster machine? Can mining be compared to a lottery? A slower machine might find a block based on luck?
Run a local ETC node (with geth or parity), or using a public node (for example: node.classicbitcoin.org) to submit your mining solutions
Edit the "tokenminer.ini" file as follows, and save it:
Host=node.classicbitcoin.org RPCPort=8545 or for a local node Host=127.0.0.1 RPCPort=8545 [...] MinerAcct= AcctPK= [...] TokenContract=0x1be6d61b1103d91f7f86d47e6ca0429259a15ff0 [(or 0x8B8cC32993e17F9b32325EF964157a507451c9B3 for testnet)] [...] GasPrice=1 GasLimit=100000
If you have multiple mining rigs, specify a shared network folder to make sure, multiple miners don't try to submit a solution for the same challenge. eg. ChallengeFolder=\DESKTOP\folder_name 3. Edit the "tokenminer.ini" file and change "-P" to "-S" for solo mining, and "--opencl-platform" to '1' for AMD GPU/s or '0' for Nvidia GPU/s
Note : Use the "list-devices.bat" file to find the correct DeviceID for the miner. Use this number for
I have a few S9 miners and I wish to solo mine with them against bitcoin core with no other party involved. Eventually thinking about hosting a small local mining pool. Does anyone have a step by step guide to setting up the mining operation with the antminers?
For a bit of fun I've created 2 anonymous solo mining pools for anyone who wants to try the bitcoin lottery without having to download the blockchain.
If you have any mining devices (ie not CPU's or GPU's) then you are welcome to point them to my experimental solo mining pools. I have one for BTC and one for BCH and am considering a 3rd that tracks the most profitable chain. I use these myself so they're pretty basic and should a block be solved the payout will be performed manually after coin maturation, but if there is enough interest I'll write up a frontend and automate this stuff later. The one who solves the block gets 99% of the block award and transaction fee's. Bitcoin Solo Pool
Host: stratum+tcp://220.127.116.11:3333#xnsub Username: . Password: x
Bitcoin Cash Solo Pool
Host: stratum+tcp://18.104.22.168:4433#xnsub Username: . Password: x
Both pools are configured to create as large a block as possible (Max weight of 4MB for BTC, and Max Size of 8MB for BCH).
So to solo mine any other Altcoin all you have to do is apply the same procedure. We’ll show you how to GPU solo mine but the same applies to CPU as well as ASICs. Also in this guide there are two methods involved 1. Solo mining using same computer where the wallet runs 2. Solo mining using mining rig where you don’t have your wallet setup. Download and install the ASIC Bitcoin Miner software like CGMiner, BFGMiner, and many other choices . For a solo miner, the mining software connects you to the blockchain (Bitcoin Core). The main job of the Bitcoin Miner software is to deliver the mining hardware’s work to the rest of the Bitcoin network. That is instead of connecting to a pool a solo miners points out their mining hardware to their local Bitcoin wallet client (Bitcoin QT wallet) and starts finding blocks. Solo miners are individuals who own a large mining equipment’s and they don’t require help from other miners to solve a block. Solo Mine Bitcoin - Bitcoin-en.com. The chance of successfully mining Bitcoin (ever solving a block) is very slim  these days. Whatever the reason is for you do decide to mine Bitcoin without joining a pool, these are the steps to achieve mining Bitcoin by yourself without joining force with others. 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 ...
How to solo CPU mine Bitcoin & Bitcoin derived ...
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. Chances are almost the same as winning ... Cpuminer download: https://github.com/pooler/cpuminer/releases As I mentioned in the video, be ready for your antivirus to get upset with this file. This min... What is a mining pool and why is it best to mine Bitcoin and other cryptocurrencies on mining pools? Here is our review and explanation of mining pools, how ... In this video, I discuss the differences between solo mining and pool mining. I also devolve into what pools to look for and the advantages of both. Twitter:... What it really takes to mine a Bitcoin in 10 Minutes. Firstly I'll show you a special free method to mine Bitcoin and send funds directly to your wallet in 1...