Can someone PM me and tell me just how you go about mining solo? Thanks
I'd be interested to know this too. Let's say I have <5 of these things, I assume it's better to be in a pool, no?
Mining solo should be quite easy even though I never tried it as I don't have enough hashing power.
What you should do is:
- add 2 lines with "rpcuser=myuser" and "rpcpassword=mypassword" entries to bitcoin.conf
- keep bitcoind always running as normal
- run your mining software (like cgminer or bfgminer) and specify the username and password same as the ones in bitcoin.conf, and the ip address of the computer running bitcoind as the host (127.0.0.1 if it's the same). The port should be 8332.
example:
cgminer -u username -p mypassword -o
http://127.0.0.1:8332That should be it. However do some research and ask somebody with experience to be sure I didn't miss anything.
According to my calculations with current difficulty you have 1 chance in 60 to mine a 25 btc block in the first month.
Having more than 1 stick will multiply your chances.
Thank you, Its something I just wanted to try and may do so for a few days but will most likely go back to my pool.