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Showing 20 of 35 results by owen_a
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Topic
Board Mining speculation
Re: 40 ExaHash drop in global hashrate
by
owen_a
on 02/06/2025, 17:35:53 UTC
I'm sure if it peaks again it'll break the ZetaHash barrier.  Shocked

It has done several times recently.
Post
Topic
Board Mining
Re: Block-Difficulty vs. Network-Difficulty 2017-2024
by
owen_a
on 02/06/2025, 17:33:38 UTC
The update for 2024 is complete, and i have uploaded the raw data.
I will also update the table once i have analyzed all the data to date.

RAW Data Link Click...

Statistics from csv file 2024.csv

Total Unique Blocks (all data): 53473

Smallest Block Number: 823786 (Date: 01.01.2024)
Largest Block Number: 877258 (Date: 31.12.2024)

Max Factor: 143807.47
Block: 843946
Date: 18.05.2024
Block-Difficulty: 11.957.354.946.715.686.912
Network-Difficulty: 83.148.355.189.240

Most Blocks / day: 188 on 02.02.2024
Least Blocks / day: 108 on 11.09.2024

You should turn this into a website that visually shows the graphs. Then use some software that generates it itself. Self maintaining then Smiley
Post
Topic
Board Pools (Altcoins)
Re: SoloHash - 0.5% Solo Mining 'Pool' (BTC/BCh/DGB) - UK Based - BitAxe Friendly
by
owen_a
on 20/05/2025, 19:10:58 UTC
UPDATE: Digibyte SHA256 has now been added to the pool. We have 9 blocks found and successfully paid out to users!
Post
Topic
Board Pools (Altcoins)
Topic OP
SoloHash - 0.5% Solo Mining 'Pool' (BTC / BCH) - UK Based - BitAxe Friendly
by
owen_a
on 25/02/2025, 21:18:00 UTC
https://solohash.co.uk

Hi all,

Introducing SoloHash, a multi-coin pool focused on Solo Mining Bitcoin & Bitcoin Cash.

SoloHash was created at the end of September 2024 last year, with miners joining steadily since then.

The pool infrastructure is based in AWS (Amazon Web Services) with an extremely fast website for tracking stats in near real-time (whenever there's updates from the pool backend which are normally every minute).

There's a 0.5% fee which is the lowest I've seen compared to other solo pools. This has always been 0.5% since it started. The reason why it's so low is because I built it with performance and cost in mind. I'm an experienced software engineer and systems architect. It's all serverless except the pool/node.

Website: https://solohash.co.uk
Fee: 0.5%

Feel free to hop into the Discord server for any help or queries or simply to say hello!: https://discord.gg/kmqT48GtCF
I am always available for help with any issues.

Connecting to the pool
Low Difficulty (Recommended for home miners - 1k Minimum Difficulty):
solo.solohash.co.uk:3337

High Difficulty (Recommended for mining rentals/farms - 1M Minimum Difficulty):
solo.solohash.co.uk:3338

Quick Points / Features
  • High Performance - The pool is a very fast and efficient server. It consumes 0-2% CPU usage per 100 users (excluding workers!). This means shares are processed very quickly, avoiding stale shares/blocks
  • Low Latency - Reported latency from current users to the pool is in the region of 18-25ms. This is extremely low compared to others. This ensures your shares are sent very quickly, processed, and any potential blocks are submitted to the network ASAP
  • Tuned Nodes - All nodes are fine tuned and connected to hundreds of other nodes with latency in the range of 2-20ms. This is essential for block propagation from potential block shares
  • VarDiff - Enabled for miners that do not send a suggested_difficulty stratum message such as the Avalon Nano 3 / Antminer
  • Realtime Stats - Miner and pool statistics are updated regularly
  • Low Fee - Low pool fees for any found blocks, meaning you get more of the reward compared to other solo pools
  • Fast Website - The website is built as a Single Page App meaning no full page reloads when switching between pages and slow load times

FAQ
Q: Why aren't my stats showing?
A: If your miner submits a share, then the stats for your miner will be available within the minute. The stats are cached for one minute to reduce repetitive calls to the database.

Q: Should I use port 3337 or 3338?
A: It's recommended you use port 3338 for casual miners with a hashrate less than 100Th/s. For anything higher, use port 3338. This means your miners will start from the minimum difficulty for that port, thus reducing the amount of shares being submitted to the pool. VarDiff is enabled if your miners do not send a suggested_difficulty stratum message.

Q: How do I connect?
A: Use your wallet address as your username. Password can be anything. You can use aliases to keep track of your individual miners as explained on the website.

Q: When will I find a block?
A: Pure probability. You may find one within a day, week, month or year. Solo bitcoin mining is based purely on luck. Miners are constantly, by random, generating thousands upon thousands of hashes per second. Only one will result in a valid block submission. This is the 'lottery' we speak about with solo mining.

All miners are welcome, whether you have a mining farm or just doing it as a hobby like I am.

Happy mining!
Post
Topic
Board Beginners & Help
Re: Let's talk about the long journey of BitcoinTalk.
by
owen_a
on 29/01/2025, 19:19:20 UTC
Some people, of whom i'm one of, unfortunately got their account suspended voluntarily to prevent unauthorised access to it several years ago when Bitcointalk got breached. Unfortunately it's impossible to get my main account back, because I no longer have access to some Altcoin addresses I screwed around with back in the day of which they request proof of the address to prove your ownership despite me proving original email communications from them about the breach. So, this became my new primary account, which means starting again from scratch. Rank IMHO doesn't mean much, it just shows how active someone is on the forum.
Post
Topic
Board Mining
Re: Block-Difficulty vs. Network-Difficulty 2017-2024
by
owen_a
on 29/01/2025, 19:13:01 UTC
It is about 33% vs 100%
That implies there is complete certainty that a block will be mined within the next 10 minutes, which is false. The probability that at least one block is found within the next 10 minutes is not 100%, but 63.2%. Explanation in here.

The probability that k blocks are mined within the next t minutes is: P(X = k) = e^(-λt) * (λt)^k / k!

For k=3, the probability that at least 3 blocks are mined within the next t minutes would be P(X >= 3) = 1 - P(X = 0) - P(X = 1) - P(X = 2).

Applying with λ = 0.1 (blocks per minute), t = 3 minutes, X = 0, 1, 2 blocks, and you have:
- P(X = 0) = 2.718^(-0.3) * (0.3)^0 / 0! = 0.7408
- P(X = 1) = 2.718^(-0.3) * (0.3)^1 / 1! = 0.2222
- P(X = 2) = 2.718^(-0.3) * (0.3)^2 / 2! = 0.0333

=> P(X >= 3) = 1 - 0.7408 - 0.2222 - 0.0333 = 0.0037.

So, the probability that at least 3 blocks are mined within the next 3 minutes is 0.37%. Pretty rare.

It just goes to show the randomness. It's the same sort of with small bitcoin miners. The amount of years it would take with 500Gh/s or 1Th/s for example, it crazy. But, someone did find a block with that amount of hashing power.
Post
Topic
Board Mining
Re: Are you hodling your old usb ASIC miners?
by
owen_a
on 29/01/2025, 19:10:03 UTC
Wow, this is a blast from the past! I remember having a couple of them and it taking just over a month to get 0.01BTC @ SlushPool!
Post
Topic
Board Mining
Re: Renting hashrate
by
owen_a
on 29/01/2025, 19:08:40 UTC
Not as bad as nicehash but miningrigrentals has received more negative reviews for the past year via Trustpilot.

Not to mention a complain by user here https://bitcointalk.org/index.php?topic=5509013.0

Well to find one that sells hashrate? Most I came across have destroyed their reputation or with shaky substance.


Wow, they're still going? I remember pointing my Bitmain Antminer S3 there around 2015/2016. It seemed fine. Albeit it was a very basic site then.
Post
Topic
Board Mining
Re: Bitcoin RPC ASIC Mining
by
owen_a
on 24/01/2025, 19:34:05 UTC
Hello,

I am interested in this documentation.

https://github.com/Huber773/bitcoin

I have compiled Bitcoin Core and am already connected to the network. What I don't understand is how can I mine there?

I can't find any RPC mining software for my ASIC. Is there any way to mine Bitcoin without a pool?

If not, there must already be a pool, since any pool software should be compatible, right?

What you're asking for is basically solo mining. There's a couple of open source pool servers out there already e.g public-pool (GitHub) and CKPool (BitBucket). You can simply compile them and run it. They talk to the Bitcoin Daemon over RPC and subscribe to ZMQ for block notifications.
Post
Topic
Board Hardware
Re: When you buy a miner, what are you most concerned about?
by
owen_a
on 05/01/2025, 11:34:47 UTC
The ROI is the most important.

I look at how long it takes for the machine to produce what it cost me. Now, if it's more than 9 months, I don't buy.

Several of my latest machines did not produce the BTC they cost me. Because of the low reliability of bitmain machines, the increase in difficulty, plus import taxes, it's hard.

If a machine that costs 0.1BTC only produces in it's working life 0.08BTC, there is no reason to buy it, it is better to keep the money.

I don't know how other miners do it, but for me in Europe it's no longer profitable, even with free electricity.



The issue is, if manufacturers released cheap powerful machines, the difficulty would just sky rocket even further, by a lot.

It became unprofitable a long time ago when machines needed to consume 1kW+ of power. The electricity cost in Europe is insane. The only way to do it profitably is to either have a mass amount of solar power and battery storage, or somehow have free electricity from some other form of renewable power, which realistically, how many people live next to a river/stream or has a wind turbine?
Post
Topic
Board Mining
Re: Testnet4 Mining (Discussion)
by
owen_a
on 02/01/2025, 17:07:03 UTC
I just don't understand why people spam the TestNet with hashrate for no reason. If you're testing software, mine a couple blocks and stop. I recently tried to mine with 1Th/s testing some software and even after three days i was no where close to a block. This was on TestNet4. TestNet3 is just a spam net more than anything.
Post
Topic
Board Mining
Re: small mining pool
by
owen_a
on 09/12/2024, 21:22:16 UTC
I run a solo pool currently and we're at around 70-80Th/s. It's friendly for small miners and mining farms. I have about 5 BitAxe's and 1 Avalon Nano 3 pointed to it, and a few people i've talked to have Nano 3's connected to it. I've been in the game since 2013, mostly just because it's a big interest of mine and a hobby.

The website address is: https://SoloHash.co.uk

There's a Discord link in the footer where you can chat to other miners and myself.

I'm also available in the OSMU Discord (Open Source Miners United) - a brilliant community that develops Open Source mining hardware.
How long have you been playing mining lottery?

Just over a couple of months now. I've been on and off with GPU mining whenever my electricity prices go cheap enough to make it profitable (I'm on an agile tariff). But when I came across the BitAxe, an open source miner, it immediately peaked my interest again in bitcoin mining, but instead of pool mining for profit like I used to do several years prior, I decided to use these small miners just to solo mine for a chance to win that reward whilst they run off my solar install, and of course because I find it fun. I do miss the days of P2Pool, and mining at SlushPool, but now with how ridiculously expensive miners are (who is going to fork out thousands for one when they don't even cost that much to make?) and how power hungry they are, those days are gone at general PPLNS or PPS etc, mining.
If you do not increase your hashrate, your chances will decrease every day, although even now it is very difficult to win the mining lottery with such a hashrate.

With 11.5Th/s I have now, I'm happy with that. That's about a 1 in 500k chance per day of finding a block. Much better odds than the lottery here still. That's about 300watts of power, and if you know UK prices of electric, you'd understand why that is a limit really.
Post
Topic
Board Mining
Re: small mining pool
by
owen_a
on 04/12/2024, 21:52:04 UTC
I run a solo pool currently and we're at around 70-80Th/s. It's friendly for small miners and mining farms. I have about 5 BitAxe's and 1 Avalon Nano 3 pointed to it, and a few people i've talked to have Nano 3's connected to it. I've been in the game since 2013, mostly just because it's a big interest of mine and a hobby.

The website address is: https://SoloHash.co.uk

There's a Discord link in the footer where you can chat to other miners and myself.

I'm also available in the OSMU Discord (Open Source Miners United) - a brilliant community that develops Open Source mining hardware.
How long have you been playing mining lottery?

Just over a couple of months now. I've been on and off with GPU mining whenever my electricity prices go cheap enough to make it profitable (I'm on an agile tariff). But when I came across the BitAxe, an open source miner, it immediately peaked my interest again in bitcoin mining, but instead of pool mining for profit like I used to do several years prior, I decided to use these small miners just to solo mine for a chance to win that reward whilst they run off my solar install, and of course because I find it fun. I do miss the days of P2Pool, and mining at SlushPool, but now with how ridiculously expensive miners are (who is going to fork out thousands for one when they don't even cost that much to make?) and how power hungry they are, those days are gone at general PPLNS or PPS etc, mining.
Post
Topic
Board Mining
Re: mining solar system and batteries
by
owen_a
on 01/12/2024, 18:28:21 UTC
You could solo mine to help with decentralization. The Avalon Nano 3's pack a punch (4Th/s) and use about 125Watts. You could buy a few of these and have them solo mine on your generated power whilst still exporting to the grid. That way you have a possibility of finding a block which is worth a fair bit, whilst also earning from your export. It's a win win IMHO.

Not sure solo mining with this setup would be beneficial... even at 20TH you would have 683 years between blocks, according to solochance.org

A lot of people are buying small miners now just for this. It's of course a lottery. There was a single BitAxe that found a block back in July with only 500Gh/s.

https://cointelegraph.com/news/tiny-500gh-home-bitcoin-mining-device-produced-a-block-earning-over-200k-btc

Interesting. They could have bought a real lottery ticket instead. Why waste time and resources on mining if all they want is a lottery ticket? Playing in a casino is a better idea too. It is hassle free and still luck based.

Again, the shovel sellers are making the real money here while the adventurers dream on getting rich but we are all gamblers in the end. Some of us are just smarter and know math better than the rest.


Some people just want to run something to potentially hit the jackpot. It helps with decentralisation too instead of letting the large pools have the monopoly over the network.

You'll spend more buying lottery tickets than you will buying a miner like a BitAxe or the Avalon Nano 3. Plus the odds are way better mining solo. For instance, the odds of winning the lottery here in the UK is about 1 in 15-30 million depending on which lottery you play. Mining with 6.5Th/s is about 1 in 756k daily.
Post
Topic
Board Mining
Re: mining solar system and batteries
by
owen_a
on 01/12/2024, 11:32:56 UTC
You could solo mine to help with decentralization. The Avalon Nano 3's pack a punch (4Th/s) and use about 125Watts. You could buy a few of these and have them solo mine on your generated power whilst still exporting to the grid. That way you have a possibility of finding a block which is worth a fair bit, whilst also earning from your export. It's a win win IMHO.

Not sure solo mining with this setup would be beneficial... even at 20TH you would have 683 years between blocks, according to solochance.org

A lot of people are buying small miners now just for this. It's of course a lottery. There was a single BitAxe that found a block back in July with only 500Gh/s.

https://cointelegraph.com/news/tiny-500gh-home-bitcoin-mining-device-produced-a-block-earning-over-200k-btc
Post
Topic
Board Mining software (miners)
Re: LuckyMiner LV07
by
owen_a
on 30/11/2024, 22:35:25 UTC
I have 4x LuckyMiner LV06's, and I indeed flashed the AxeOS firmware via the BitAxe GitHub repository and it bricked it. I had to solder some TTL pins to the board and flash the firmware that way. I did this on all four of my miners and they've been hashing nicely for a month.

I've seen no evidence online to speculate it's doing anything out of the ordinary. It mines just fine using the firmware they ship with. I just wanted to use firmware that was open source instead of closed source.
Post
Topic
Board Mining support
Re: Got a Bitaxe Supra but it wont connect to WiFi
by
owen_a
on 30/11/2024, 22:11:33 UTC
The BitAxe uses an ESP32. It doesn't support 5Ghz. It connects via 2.4Ghz like most IoT devices.

You can see what the WiFi password is if you press F12 to enter the development console, inspect the element and change the attribute "type" to "text" from "password". The dots is just a standard password field in HTML that browsers render as dots.

It should support WPA-PSK2.
Post
Topic
Board Pools
Re: SoloHash - 0.5% Solo Mining 'Pool' - UK Based - BitAxe Friendly
by
owen_a
on 30/11/2024, 20:14:25 UTC
Great initiative, It’s always a plus to have a UK-based pool option, especially with reduced latency for miners nearby. Of course, it’s a challenge to get started against the established big players, but every pool had to prove itself at the beginning. Personally, I think if you manage to hit a few blocks early on, it could bring in more people. Wishing you the best of luck in landing those first few blocks!

Much appreciated! We're hovering at around 33 users and 80Th/s at the moment which is a new record I've seen. I noticed a spike in hashing power up to 1Ph/s that was quite nice a couple weeks ago - everything was stable and the hardware was barely touched. I'm available 99% of the time for any questions or assistance and just for general chat on Discord. Fingers crossed for our first block!
Post
Topic
Board Mining
Re: small mining pool
by
owen_a
on 30/11/2024, 19:40:34 UTC
I run a solo pool currently and we're at around 70-80Th/s. It's friendly for small miners and mining farms. I have about 5 BitAxe's and 1 Avalon Nano 3 pointed to it, and a few people i've talked to have Nano 3's connected to it. I've been in the game since 2013, mostly just because it's a big interested of mine, fun and a hobby.

The website address is: https://SoloHash.co.uk

There's a Discord link in the footer where you can chat to other miners and myself.
Post
Topic
Board Mining
Re: Just don't get it.
by
owen_a
on 30/11/2024, 19:32:55 UTC
Majority of them are just scams. There's no way on earth that you would mine anything worthwhile from a mobile phone. Back in the day when we could CPU mine, sure, you might have earned something. However, today it's all about ASICs (Application Specific Integrated Circuits) - machines that are designed to mine bitcoin. The only issue is, to mine anything decent, they use a LOT of power. And they being, you need more than one. And it's the electricity cost to run them that is the killer.