Ethereum ETH Solo Mining Luck
Initially we re-launched ethpool.org as a simple solo mining pool where the block finder gets 100% of the block reward. Welcome to the ethermine, the high performance Ethereum Mining Pool. (supports all ethereum miners) Efficient mining engine. Configure and run eth-proxy. Our previous guides regarding mining and using Ethereum’s Ether (ETH). Instead of eth for solo mining by just. End up with some bad luck you may not be. Our previous guides regarding mining and using Ethereum’s Ether (ETH). Instead of eth for solo mining by just. End up with some bad luck you may not be.
Ethereum Mining 101: Your Complete Guide. The world has gone digital. Ethereum mining calculators are available for calculating profits.
Anyone can buy Ether. We want to earn Ether ourselves and besides that, make the Ethereum network safer. Ether Mining is rewarded with 3 Ether each block. But this is not it. Furthermore, the “gas” which exists of fees for transactions and contracts, is declared in addition to these 3 Ether per block. It is assumed that, as time goes by, the reward of the “gas” with 3 Ether per block will exceed a lot. But it is getting even better.
Further Ether for “uncles” will be declared every now and then, in addition to the 3 Ether per block and the reward for the “gas”. Which means, another up tp 7/8 of the 3 Ether from the block – on top. So many Ether After all, we want to point out that Ether solo Mining requires a lot of luck. The computing power of the entire Ethereum Network is tremendous and therefore it will be pretty hard to snatch a block.
Still, Ether solo Mining is an exciting thing. In the following, we will show you all the essential equipment you need for a successful start with Ether solo Mining with windows. • Hardware • Software • Configuration und Ether Mining • Ether Adress and Checking Balance • Comments.
The Hardware for Ether Mining: The equipment and the configuration of the graphics cards are crucial for your success in Ether Mining. It is as easy as this: The more computing power you have, the more Ether you have in the end. We suggest AMD graphics cards, as you can achieve a higher computing power than with comparable NVIDIA graphics cards. The graphics memory should be at least 2 GB.
We have chosen the following hardware for this tutorial and built our Ether Mining Rig with it: • Motherboard: * • CPU: * • Hard Drive: * • Power Adapter: * • GPU: * • WIFI Adapter: * Furthermore, we have installed the following components (not mandatory): • GPU Raiser: * • Smoke Detector (just to make sure!): * • Electricity costs control: *. Software: The most important fact in advance. The used software and all drivers should be kept up to date. So please check for updates every now and then. During the installation and first use of the programs, the rights for the firewall might be required.
You have to allow access and might have to start the programs new.You need the following Ether Mining Software for Ether solo Mining: • geth: You can find the latest version here: • ethminer: You can find the latest version here: (= cpp-Ethereum) Create a new folder on data carrier (C:) and name it “Ethermining”. In this folder, you will save the Ether Mining Software. Download both programmes and install “Ethminer”.
Choose the new folder “Ethermining” as a memory location. After successful installation, you can find the file “Ethereum” in the file “Ethermining”. You only have to unpack the Stratum Proxy after the Download. Drag and Drop the folder “eth-proxy” into the folder “Ethermining”. It is important for the further tutorial, to exactly install the file structure as it is described above. Please also pay attention to capitalization. You need openCL for the graphics cards.
The latest versions can be found here: • For AMD graphics cards: • For NVIDIA graphics cards: Download and install the required openCL-installer. We use the program MSI Afterburn to control the temperature of the graphics cards.
You can find the latest version here in DOWNLOADS:. Download and install MSI Afterburn. Restart your computer after you installed everything. In order to navigate to the program “geth” in the command prompt window and create a new Ether account, you have to enter the following commands one by one and confirm each with the “Enter” key. • cd/ (Enter key) • cd Ethermining (Enter key) • geth account new (Enter key) • Now you are asked for a passphrase and you have to choose a password which is the password for your Ether Wallet (ETHERBASE).
We recommend a safe password with a combination of at least 15 signs consisting of uppercase and lowercase letters, special characters and numbers. Please note that you will not see any characters while entering in the prompt window. After entering the password, you have to repeat it again. You have to confirm each entry with the Enter key.
Take a note of your password outside your computer. You need this password every time you want to send Ether. Close the prompt window.
Download blockchain: In the next step, we will download the blockchain. At the moment, the blockchain exists of 1.222.000 blocks and is larger than 11 GB. You can find the recent block number on under “Recent blocks”. The download takes between a couple of hours and a couple of days.
Unfortunately, you cannot skip this step. You can only start Ether Mining, after downloading the complete Ether Blockchain. Open a new prompt window just like it has been described above. You have to enter the following commands and confirm each with the Enter key in order to download the Blockchain: • cd/ (Enter key) • cd Ethermining (Enter key) • geth --rpc (Enter key) The download of the Blockchain should start now. At the end of each line (in front of the square brackets) you can find the recently loaded # block number. If this # block number corresponds to the block number on, your Blockchain is up to date. The Blockchain is saved under “C: Users Your_PC_Name AppData Roaming Ethereum chaindata”.
It has helped us from time to time, to stop the download and restart it again. You do not have to download the Blockchain again, but continue with the last downloaded block.Start Solo Mining: After your Blockchain has been downloaded completely, you can finally start with Ether Mining. Please make sure that the prompt window which the Blockchain is downloaded in, is always open during the Ether Mining. Open a new prompt window in order to start Ether Mining and enter the following commands one by one and confirm each with the Enter key: • cd/ (Enter key) • cd Ethermining (Enter key) • cd Ethereum (Enter key) • ethminer -G --cl-local-work 256 (Enter key) After entering the commands, the DAG-file is installed first. This can take a couple of minutes.
Then the Ether Mining begins. If this does not work, close this window and repeat the entry of the commands in a new prompt window. Only enter ethminer -G in command 4.
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• For a complete list of rules and an Ethereum getting started guide,. Resources • & • & • • • • & • • • • • & • • •. The link you provided doesn't really show much anymore, because it looks like you're no longer mining there? With a single R9 280X (approx. 22 - 25 MH/s depending on how you have it set up), your best bet is probably to stick with a pool. At that rate solo, you will only find a block about every 5-7 -ish days. And it will be heavily luck based.
I am currently trying solo as well, but am hashing with ~215 MH/s and I've already had a couple of instances where I've gone 26+ hours without finding a block. It gets to the point where I begin having doubts and want to go running back to the pools. However, the problem with pools are: • The fees in general • The fear of incorrect pay-per-share calculations -- there is literally no transparency whatsoever with these pools. Are they 15 year old script kiddies or 40 year old seasoned vets who've written the backends? • The frequent outages -- which over time, can accumulate to quite a bit of lost mining time With that being said, I have had a good experiences with and.
I've used both extensively, and the one thing I've noticed with oneether.com is the geth client they are using for the node must go down fairly frequently. I say this because quite frequently ethminer will start complaining about the rpc-connection. That sometimes lasts anywhere from a few seconds to a few minutes. I've spoken a lot with the Ethereumpool.co developer and he is fully invested and has done a lot of work to improve the pool. I have not observed nearly as many rpc-connection issues with Ethereumpool.co as I have with Oneether.com.
Both seem to pay very fairly. You could try both to see which one you like better. I wish these pools would start using the C++ Ethereum client, as the geth client seems to be really buggy.
I can't believe that the larger pools like Nanopool, Suprnova, and Coinotron are basing their pools on geth versus (++)Ethereum. At the current difficulty (~7.1T) you should expect to mine a block every 80 hours if you are getting 24.5MH/s (that's what my R9 290 does). The calculation is to divide the difficulty by your hashrate - this will give you the average time to find a block, in seconds.
In the long run solo mining will be more profitable, with average luck. The downside is that you'll have stretches of bad luck where you'll go for a fair while without a block. Some people don't like that. I've solo-mined since the start of Frontier.
I've had stretches of apparent good luck, and bad. You get philosophical about it after a while. I seemed to have some good luck early on, but of late I'm doing so-so. Overall I'm probably a bit ahead, but that could change.
I guess it depends on how comfortable you are with variance. I prefer solo mining.
Even with a single GPU the variance makes it more interesting than just pool mining. I mean you're not going to make much money either way. Seems cooler to me to solo mine. The only benefit I see to pool mining with low hashrate is if you run into certain technical issues with the miner you might notice the problem quicker with a pool because you'd see your daily take drop.
I was solo mining and hadn't gotten anything for many days and thought it was due to variance when instead I need to update my miner. If I were you with one GPU I'd probably join a pool at first to make sure everything is set up right, by seeing if you get the payout you expected for your hashrate. After doing that for a few days I'd switch to solo mining. The calculation of daily expected return is: (86,400 x B x H)/D Where: • 86,400 is the number of seconds in a day • B is the Block reward • H is your Hashrate • D is the current Difficulty For example, my R9 290 gets a stable 24.4 MH/s. And the current difficulty is about 7 trillion, and we'll call the block reward an even 5 ETH.
So plugging the numbers in: (86,400 x B x H)/D = (86,400 x 5 x 24,400,000)/7,000,000,000,000 = (10,540,800,000,000)/7,000,000,000,000 ~= 1.51 ETH per day So if you're getting the same hashrate as me and you're not getting about 1.5 ETH per day from your pool at the current difficulty (which has been about 7 trillion for the last few days), at least one of the following is true: • your pool is having rotten luck • you're not really getting the hashrate you think you are • there's something screwy with the pool payouts • something else • • • • •. At steady difficulty you will make more solo mining. Fees and lag and pool downtime risks ensure this. However if difficulty were to rise steadily you are likely better off pool mining as getting a block on average every 80 hours would mean you sometimes will not see a block for more than a week while diff rises. On another note, with a R9 280 you should be squeezing out 30Mhz with the right settings and an over clock.
At least high twenties which will reduce your avarage block find time to 65-70hrs. Fastest Bitcore BTX Miner here.