Solo mining

DeadZebra

[quote name=“deroekeloze” post=“4445” timestamp=“1368996258”]
-windows:(i don’t do linux)
–install and run feathercoin client
–close client
–locate feathercoin directory using >start>run>%appdata%
–create feathercoin configuration file in notepad as follows: (change the user/ password values to whatever you want them to be:)
rpcuser=
rpcpassword=
rpcallowip=127.0.0.1
rpcport=9772
daemon=1
server=1
gen=0

–save this file as: feathercoin.conf (be sure to save it in the appdata feathercoin directory)
–relaunch feathercoin client and let it finish synchronizing with the network
–point mining client of your choosing to http://127.0.0.1:9772 with the user / password you assigned

mine away. although i recommend joining a pool at this difficulty level
try: http://www.fcpool.com/ 0% fee - PPLNS 8)
[/quote]

Thanks man really appreciate it :).

pyxis

Thanks deroekeloze

J4c0b5L4tt3r

So is there an ideal hash rate for solo mining?

Tuck Fheman

For kicks, I started cpu solo mining while gpu pool mining. I’m getting about 30-35 KH/s on i7 860 … roughly 5 KH/s per thread @ 7 threads. 4 threads also worked well for me.

chrisj

[quote name=“Tuck Fheman” post=“6837” timestamp=“1369606848”]
For kicks, I started cpu solo mining while gpu pool mining. I’m getting about 30-35 KH/s on i7 860 … roughly 5 KH/s per thread @ 7 threads. 4 threads also worked well for me.
[/quote]

How long would it take to find a block solo mining at 15k/s and what’s the reward per block?

Mogumodz

[quote name=“chrisj” post=“6838” timestamp=“1369607061”]
[quote author=Tuck Fheman link=topic=577.msg6837#msg6837 date=1369606848]
For kicks, I started cpu solo mining while gpu pool mining. I’m getting about 30-35 KH/s on i7 860 … roughly 5 KH/s per thread @ 7 threads. 4 threads also worked well for me.
[/quote]

How long would it take to find a block solo mining at 15k/s and what’s the reward per block?
[/quote]

http://calc.feathercoin.com/ Enter your hashrate and other values in here and you can find an “average time to find block” output

Tuck Fheman

Everybody was So-Lo mining
Hash rates were fast as lightning
ASIC made it a little bit frightning
But they fought with po-ol mining

sl1982

[quote name=“Tuck Fheman” post=“6851” timestamp=“1369611072”]
Everybody was So-Lo mining
Hash rates were fast as lightning
ASIC made it a little bit frightning
But they fought with po-ol mining
[/quote]

sl1982 approves of this

[quote name=“Tuck Fheman” post=“6851” timestamp=“1369611072”]
Everybody was So-Lo mining
Hash rates were fast as lightning
ASIC made it a little bit frightning
But they fought with po-ol mining
[/quote]

I am going to have to send you mind cancer now, as you know very well that this tune will be stuck in my head all day and the words… the words will never be the same.

Oo

sheepson

[quote name=“Tuck Fheman” post=“6851” timestamp=“1369611072”]
Everybody was So-Lo mining
Hash rates were fast as lightning
ASIC made it a little bit frightning
But they fought with po-ol mining
[/quote]

hahahahhaha
awesome.

Feather5154

Is it worth solo mining when the difficulty goes down?

deroekeloze

[quote]Is it worth solo mining when the difficulty goes down?[/quote]

you decide :P
http://calc.feathercoin.com/

Feather5154

What is the next difficulty?

pyxis

[quote name=“Feather5154” post=“7272” timestamp=“1369692749”]
Is it worth solo mining when the difficulty goes down?
[/quote]

It depends on what your hashrate is, if it is lower 10Mhash don’t bother, join a pool, unless your feeling lucky,
some days (when I feel lucky) I solo mine with my 2.7Mhash rig but I have had no luck yet, my luck seems better on a pool.

Next difficulty is in the low 90’s.

deroekeloze

[quote]What is the next difficulty?[/quote]

http://stats.feathercoin.com/

pyxis

[quote name=“deroekeloze” post=“4445” timestamp=“1368996258”]
-windows:(i don’t do linux)
–install and run feathercoin client
–close client
–locate feathercoin directory using >start>run>%appdata%
–create feathercoin configuration file in notepad as follows: (change the user/ password values to whatever you want them to be:)
rpcuser=
rpcpassword=
rpcallowip=127.0.0.1
rpcport=9772
daemon=1
server=1
gen=0

–save this file as: feathercoin.conf (be sure to save it in the appdata feathercoin directory)
–relaunch feathercoin client and let it finish synchronizing with the network
–point mining client of your choosing to http://127.0.0.1:9772 with the user / password you assigned

mine away. although i recommend joining a pool at this difficulty level
try: http://www.fcpool.com/ 0% fee - PPLNS 8)
[/quote]

That rpcport didnt work but I changed the port to the following an it was fine.
rpcport=9337

I have been solo mining for 3 days now and its at least 3 times more profitable for me than pool mining. Can’t wait for the diff to drop, should even be better then. Hope my luck holds.

Does anyone know how do you assign a payment address of your choice when solo mining?

F8ECBB6F02F7C

I am an enthusiastic proponent of solo-mining. I find it largely immune to DDOSing (unlike pools), and very easy to set up. I do recommend that you add a p2pool with stratum as a cheeky backup pool to ensure that you are notified of new blocks promptly (which you can do in cgminer by specifying a second -o -u- and -p).

Some people will be put off by the variance, but as long as you plan to be mining for a few multiples of the expected time for a block with your hashrate (so practically everyone), this variance will quickly even out, and you won’t be penalised for starting and stopping, as you would be with PPLNS, or have withdrawal thresholds and fees. It’s important to think about it in terms of probability, in that the longer you do it for, the more it will tend to the expected value. And difficulty is only going to decrease in the near future, which will make variance even less of an issue.

chrisj

[quote name=“F8ECBB6F02F7C” post=“8350” timestamp=“1370006369”]
I am an enthusiastic proponent of solo-mining. I find it largely immune to DDOSing (unlike pools), and very easy to set up. I do recommend that you add a p2pool with stratum as a cheeky backup pool to ensure that you are notified of new blocks promptly (which you can do in cgminer by specifying a second -o -u- and -p).

Some people will be put off by the variance, but as long as you plan to be mining for a few multiples of the expected time for a block with your hashrate (so practically everyone), this variance will quickly even out, and you won’t be penalised for starting and stopping, as you would be with PPLNS, or have withdrawal thresholds and fees. It’s important to think about it in terms of probability, in that the longer you do it for, the more it will tend to the expected value. And difficulty is only going to decrease in the near future, which will make variance even less of an issue.
[/quote]

Hey,

Could you help me understand this a bit better please? If I start solo mining for say 30 mins and then stop for a day and start again do I lose any of my efforts from the first 30mins?

If the right strategy is adopted do you get more bang for buck on an optimal solo mine strategy than a pool?

Thanks.

pyxis

[quote name=“F8ECBB6F02F7C” post=“8350” timestamp=“1370006369”]
I do recommend that you add a p2pool with stratum as a cheeky backup pool to ensure that you are notified of new blocks promptly (which you can do in cgminer by specifying a second -o -u- and -p).
[/quote]

That is good advice.

I still can’t assign a payment address my choice when solo mining?

F8ECBB6F02F7C

When you are solo-mining, the only time that your efforts are rewarded is when you actually find a block. Every time you calculate a hash when you solo-mine, there is a miniscule probability that you will find a block. However, over the course of hundreds of billions of hashes (a few days at 2MH/s), the probability that you won’t have found a block grows smaller and smaller. Over time, this will even out quite nicely, and your time per block will be:

Block time = Difficulty * 2^32 / Hashrate

So you are no more or less likely to find a block in the next minute if you have just found one five minutes ago, or if you haven’t found one for a week, but the probability of you being lucky or unlucky (overall) will grow smaller and smaller over time. So just think of it in terms of the longer you do if for, the more chances you are giving yourself of getting the block reward.

I chose to solo-mine because my expected time to a block is relatively short (3.3 days), so that I can see exactly what’s going on, to avoid pool fees, withdrawal thresholds and limits, and because pools can be less efficient for various reasons (downtime, DDOS, block witholding attacks, fraudulent operators and users (vis. the recent stratum vulnerability) in some cases). You would want to use a pool if the expected time for a block was very large (eg. Bitcoin c. 300 days), and you couldn’t handle the variance, or if block times were extremely short (eg. 5 seconds) during a mining rush, and a pool’s better internet position might mean that their blocks were less likely to be orphaned.

And Pyxis - I’m not aware of a way of getting the block reward of going somewhere other than feathercoin-qt; perhaps an additional program could automatically forward the funds to an address of your choice.