However if your hope is to become millionaire i. Would it matter if the "farm" is in Southern Africa away from most Bitcoin users in EU, US, Asia, would another miner that is closer to the "requester" always get odds block first? Solo number mining initially set to 50, halved bitcoin 25 solo late, and halved again to Try solo mining mining SHA Alt coins, odds be slightly more profitable. For instance, from the Genesis block all bitcoin way to block there were empty blocks mined on the blockchain. Bitcoin comments other discussions 1.
Leave a reply Cancel reply. PoW hashing ensures the proper function of the Bitcoin blockchain. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. What is "needed" depends on how much money you want to earn. Become a Redditor and subscribe to one of thousands of communities.
Questions Tags Users Badges Unanswered. Mining the same time, the pool is also receiving the next broadcasted header 80 odds of data tethered to a blockand solo pool begins working on its next block. New, more efficient mining mining may be released at any bitcoin, although we are reaching the technological limits of improved efficiencies. I get that my bitcoin is wrong but you get my point right? As long as solo have a reliable connection you'll be fine. There are several different types odds Bitcoin clients.
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 contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time. So, bitcoin mining pools are a way for Bitcoin miners to pool their resources together and share their hashing power while splitting the reward equally according to the amount of shares they contributed to solving a block.
The mining pool coordinates the workers. Your odds of winning a lottery are very low, so you team up with a bunch of other people and agree to split the winning. This makes your odds of winning much higher, but the amount you win much lower. Miners mine differently by running pool software instead of the bitcoin client and just performing hashes for the pool.
The pool operator randomly verifies a small portion of the work submitted by each member of the pool. If they cheat once in a while they might get away with it but not for long enough to matter. Traditionally, pools gave miners work units covering the entire nonce range ,,, When the miner finishes work, he requests a new work unit with a different extraNonce or payout address.
Different miners also get work units with different details. To reduce load, pools are now moving on to a setting where the miner can himself change details of the generation transaction and compute the Merkle root, so he can do as much work as he pleases without needing new assignment from the pool. Broadly speaking, there are two ways of paying pool miners. The first way is to have a wallet and send payments to miners through that when they ask for them.
The second way, which both eligius. This has the advantage that you never have any Bitcoins to steal on your pool server. To the bitcoin network they are worthless. The only hash with any value is the one that is smaller than the target determined by difficulty.
Because the goal is to track work attempted in a verifable manner. If a pool used a difficulty equal to the block difficulty then only one share would be found per block and it would be found by the miner who solves the block. All rewards would go to the single share holder and essentially you invented a long complex round about way of solo mining. Contrary to popular belief, mining is not something where there is progress.
Each hash has the same probability of being a valid block hash. You could get lucky and find a valid hash with your next hash, or you could not. There are several different types of Bitcoin clients. Hybrid server-assisted clients like Electrum get a lot of their network information from centralized servers, but they also check the server's results using blockchain header data.
This is perhaps somewhat more secure than either server-assisted clients or header-only clients. The smart way to invest in digital currencies! Hero Member Offline Activity: LegendsRoomLV on January 27, , There's no point taking any notice of an estimate that says more than a few weeks. Every two weeks, it changes, so as time goes on, it will get less and less likely.
Instead consider the chances of finding a block in one day and always check again every 2 weeks since it changes. You could find a block tomorrow, or in twenty million years. I have a blockerupter set up as a lottery, its like 5w so idgaf but the highest share I've ever found was just shy of 3 million.
To achieve a whole block solo in a month you're going to need about TH/s. wearebeachhouse.com?h= &p=&pc=&pf=&d=&r= &er=&hc= Just to double check that. hi all. i know that im not the only one askin for that but just want to make sure what i read is right. i would like to know whats probability/chance or how long would it take for me to solve a block? like if i run 2ths 24/7 whats probability to solve block in a week month year? i saw somewhere that you take. Daffy UTC #2. This will answer all your questions. http:// wearebeachhouse.com?h=&p=0&pc= 0&pf=&d=&r=&er=&hc = Just fill in the power requirements and costs to get a better.