I think this is likely no matter what panda says,if and when eth ever ditches PoW id say Raven is probably in 1st place to absorb a good chunk the eth hashrate,whether that will be a good or bad thing for Raven miners/holders is yet to be seen.
I put 2 rigs 8 x 3060ti rigs on RVN solo mining for 10days and found no blocks. Back to Eth pool mining for me!! You got extremely lucky hitting that block with only 51mh I was running over 400mh on rvn with no luck in 10days.
If you plan to go solo mining, you should probably use some calculator first, what is the probability to actually get the block, and then do the math for several blocks at least, just to even up the randomness of that calculation. It isn't too hard to calculate the network hashrate vs. your miner hashrate to see what are the odds.
well it is without a doubt on average higher than poolmining as you basically have the same chances on both so solo mining in theory is worth exactly what pool mining is worth minus the pool tax. the only variable to consider is the average time to get a block. is it a few days. few weeks or is the average shot at a block 10 years. in that case you probably don't want to do it and the small pool tax is probably worth it for more reliable income.
@@mayainverse9429 Yes solo mining on average will do more because there is no pool taking it's share. What I have understood, you can increase your chances by having fast network connection, that lessens the amount of shares which haven't arrived in time. Anyways, I wouldn't solo mine if calculator says the average time between found blocks would be 10 years. But if that same average would be like one week, then it might be well worth the try.
@@captainhappy I wonder how much of an advantage would it be if u actually set up a farm next to the server with super fast latency. I wonder how much these people who make the miners are pulling in because they get a cut also. im not sure why most crypto have the payouts structured this way would be better imo if payouts were structured as a single giant pool already without there being actual pools.
@@mayainverse9429 Well, the keyword is "decentralization" that's why there isn't any single giant pool and I hope there never will be. The system must stay decentralized to stay functional against attacks.
@@mayainverse9429 The other important keyword with decentralization is also "trustless", meaning the system can not trust anyone, it has to work autonomously, otherwise the transactions and everything would be at risk.
If we miners are interested in the development of Ravencoin and a possible value increase, we should also take care of the network, meaning operate nodes. At this point, the number of nodes seem quite low to me. Not a real expert in this, admittedly. Anyway, congrats to Red Panda for winning a whole block. Well done! That's really inspiring, too.
Tottally agree. Would be great to have a rvn node. I would invest if I had credit approve but i dont for now. Working on it. Is it correct to assume rvn node would be much much cheaper than bitcoin node? I am pro at mining but new to node concept at least in the requirements to have one.
All in ravencoin. The use case is nice and the possibilities of it is amazing. And we can mine it. 🤯. To anyone who hasn’t seen the developers talk About it and it’s use you will be amazed. And overstock funded the development. 🤯
I'd suggest you set up a few rigs to solo mine Raven. As you said you've been lucky and just because you found a block within 15 days does not mean that you're on par for 2 blocks of Raven per Month, per Miner. If it's 6 months down the road and you have scored 2 blocks per miner then yes swap over and go balls to the wall. That's my 2 Cents do with it what you may...
Yep I have my gaming computer mining on a 3080 and than I have my AMD rig that is putting out about as much hash rate as both his 3090's put together solo mining on minerpool that way one might hit before the others. Yah the 3080 isn't as powerfull as the 3090 but with the other rig doing what both his would of done put together it will hopefully hit a block sooner than 15 days while the gameing computer I turn off the mining when I play games so it's being turned on and off so it's only doing half the work it could be so it might take a month to hit a block.
I save crypto so my kids may have a financial foothold in the future. That’s why I mine pi coin, do you think it would be best to hold for long term after release?
The power here is not stable enough. What will happen if I do solo mining and there will be power outage few times a day? Do I lose the block in that case every time the power is off?
I have been pool mining RVN. Maybe I switch to solo and see what happens. I mean if I can hit a block once a week I am sure its better than pool mining. But that is also a gamble. I have never solo mined anything before. Maybe it is time.
Yeah I just switched to solo. I only got one GPU that I use for gaming and I’m not expecting anything but who knows, maybe I’ll be the luckiest SOB. Either way I don’t lose since the government pays my bills haha
Yes we all get lucky from time to time. On supernova I did 60 coins a day on 2070 super. Which outperformed your 3090 for multiple days. I was getting 30 plus coins a day now it’s down. I might check out the solo mining
Thats awesome big red i tryed solo mining BTC in early 2019, wat a noob i was lmao so hard .. i wasted of 3 months of power on my s9 supra (6 hash boards @ 20.1TH/S OC'ed no dev fee) straight killed me, but i learned my lesson. Great video, keep them coming my friend
If you were to solo mine RVN for a week, then switch to FIRO for the next week and continue to alternate. Does this mess up your chances on finding blocks?
I just started my mining journey 4 months ago. What can you suggest for me to have a better Mining Profit with my rig? I currently have a 3 GPU Rig (all RTX 3070 regular)mining rig. For the past 3 months the said rig is earning an average of $350-400/month....I am using HiveOS...using TRex and also tried NBminer. Can I do Solo Mining on this Rig? What If I don't hit a Block..how much will I earn in a month? Will I mine Ethereum of Ravencoin..which is better?
Hello Red Panda, just wondering if we solo mine ravencoin and we accidentally turn off our rig does your luck restart all over again? Or how does that work? Lol
I've been mining RVN as well and 2miners rewards still has not paid out. How long does it normally take for 2miners to payout rewards? Supposedly it's every 2 hours for payout but rewards still sitting in there. Its getting annoying...
Just a headsup for anyone planning to mine solo: RVN block reward has been halved from 5000 to 2500 from January 2022. Of course this is still higher than pool mining if luck is in your favour
after good luck you need to change the adress because in one point it will bring you to 80-90 % in both directions even with bad luck on a fresh adress. sometimes you get even a 0% one then change direkly after confirmation
What is the best way to ask a question here? I like watching and learning and I do plan to begin mining, but I am trying to learn as much as I can first. I’m not sure what the RUclips etiquette is? I saw the half hour rate but don’t think I need half hour to get the answer to my question. Or should I just save all my questions and ask at 1 time.
Thanks for these Videos @RedPandaMining !! These are always helpful in how to see the data and putting your odds into a statistic. You're the man! BTW, if you ever have any spare mining parts you are getting rid of feel free to let me know. 😉👍😄
Hello. In this video, your mining OS is HiveOS, but you see the results of solo mining in another software. Which software is it and how do you integrate it with HiveOS in order to see there the results? Thanks a lot!
I watched your video and decided to just putting my RX580 on solo mining for the heck of it and expecting really nothing. Within 24hrs hit a block. Wow o wow. Thanks for making take this chance. Kinda crazy. Keep up the great content.
Well, I mean, 9% Luck tells you everything. That means that you did it in 1/11th of the time and yeah, that means you got 11x what you would. I don't really see how distance has anything to do with it other than maybe saving some stale shares. The probability of 2 people getting the same share (if that's even possible with pooling) within 100ms or so is beyond improbable. A week or two ago I checked out someone mining Firo that was earning like $30k per month and had an AVERAGE of 130% luck! That means he made 30% LESS than if he mined in the shared pool instead. It's fun gambling but that's all it is.
Good vid...I've been curious about solo mining for awhile now...I wonder if you could manipulate pool latency using a VPN...also rewards will be cut in half after the havening... curious how that will play out
Love the video, more than 100 sheeps have followed your advice to SOLO mine Raven. That is just too funny! You have a lot of power and it's great information that you are sharing. I might turn myself into a sheep as well. Lol! Great content as usual.
@Red panda Mining , what if we have 2x rigs running on same solo pool and we shut down one rig due to maintanance so should we reconnect from where we left or start from the beigning ? In my country there is power cut everytime so should i try solo or not. Thanks
Comparing solo to pool in such a short time span is so speculative I don't think it's even worth doing. It's extremely more likely to solo mine for that length of time and get nothing than your result.
I am determined to solo mine using EC2 boxes. Not sure the cost yet still trying to figure out how large of disk space I need. Anyone ? My understanding is Raven is out to keep solo mining affordable jinxing the asci miners with code
I am currently building a rig and know that you are unable to use the sata cables for the risers. I have 2 psu’s one Corsair rm850x and a hx1200. Nether of which comes with 6 pin to 6 pin peripheral cables and I am using all my pci slots. I can’t seem to find any 6 pin to 6 pin cables that would work does anyone know where I can get them? If there is no such thing I assume the next option would be a server power supply?
What are peoples genuine thoughts on the future price of rvn? Heard mixed things - either that it will replace eth and rocket in price to $50 - $100, or will just remain stagnant and be around 20 cents for the next couple of years. Heard so many conflicting reports…
The problem with solo mining... Looking at the payout table in the last 16 hours on my pool we have had luck factors between 0% and 451%. Yes if you get a block at zero... your doing great. but if you mine to 451% for that first block there is almost no way to recover as an individual from that... especially when you consider that would put your fist block long after the halving...
I tried solo mining for 8 hours.. scared the living shit. i was rocking 400 Mhs plus but i couldn't bear it. i was literally losing money with this test. no way. lol.
Love the channel. Been watching your videos for a crash course in mining. Got my 3090 build on its way and was kind of worried after I heard of ETH was going POS. Not anymore.
Hii red panda I am a small miler so I want you to do a solo mining test on ergo as well which would help small miners to take decisions whether we should move over or not. Thanks
Theoretically the profit you'd make from solo mining vs pool mining will be the same over a long period of time. So if you're in it for the long term, stick to pool mining I would say. But thanks for the insight.
To be completely honest, I think you were just super extremely lucky to find that block in that short amount of time. You would need to find several blocks for a more accurate reading imo.
but my theory is that, with pool mining, if you mine 100 days, then you get 99 days worth of coins. But if you solo, then it could be that after 100 days, you still get 0, but then 130 days, then you hit it and get (let's say 100)... and using the law of big number, if you mine 1000 days, you get 1000 days worth... but you may be luck and get 1100 or unlucky and get 900 only... but if you mine in a pool, then you get 990... which is good enough to me
You've RUNED it now! It's RUNED for everyone! WHY RED PANDA??? WHY!!!?? (lol) Seriously though, can you give an update as to how many started doing this since you posted? I'm insanely curious! Thanks man! Keep it up brother!
Was about 268 GH/s at 11:18 a.m. look at it now. Man, you did it. I'm wondering, if its completly luck or if it depends on your computational power. I mean... even a guy with just one decent gpu could obtain the same as a guy with a whole mining farm with 100s of GPUs?
That had to be complete luck on his part. Even when you look at sites like 2crypto and such it would take way more hash rate and luck to agverage out a block a week or even 1 or two a month.
At 800mV, 1450 core & 10451 mem (watercooled 3090 FTW3 at 39C, & 60C mem junction & 350W), i can get 58-60MH on t-rex. Maybe it is possible for you to further optimize your setup :), but it may be not sustainable on aircooling.
How much does the GPU hashrate and number of GPUs affect the likelihood of getting a block on solo mining? Does it have anything to do with that or is it just the number of people? Would solo mining on a 1660 Super be worth it?
ah, with pool mining, if the price go up and up, then you get the little and little bit, and they can go up in price... but if solo, if you don't get anything for 30 days, you have nothing to go up in price and it can be frustrating... is it true that using a pool is good for dollar cost averaging, because price go up, you get some, price go down, you get some... it is true that once you hit it by solo, you get the full pot... but then if the price go up, then probably more people are joining and so your winning is diluted by being harder to win
When I walk up to a blackjack table in Vegas and I hit it big in my first couple of hands, I walk away! That's the way luck works. Trust the law of averages, not early wins from luck.
to have any statisical relevance you would have to do this long term. If you end up only landing this 1 block over the next 12 months then the pool mining is the way to go. But cool video regardless.
Maybe I’m just being picky but I’d assume that red panda has the fastest internet offered in his area. Could this contribute to the odds of finding a block? I honestly have no idea. Someone lmk please
How do you get so few rejected shares? I’m running 3 3070 and 4 580’s. Currently on a ~68 hr run with 96.03 efficiency. 16035 accepted. 663 rejected. Can’t seem to do much better than 96% no matter how much I reduce my OC settings
We all know how all of this will end up, RVN difficulty to the moon in the next 48 hours LOL
difficulty to the moon ? hmmm then price too!! (i gues after the halving)
Right ? Lol
Precisely.. while eth hash drops.. ima get paid 😌
I think this is likely no matter what panda says,if and when eth ever ditches PoW id say Raven is probably in 1st place to absorb a good chunk the eth hashrate,whether that will be a good or bad thing for Raven miners/holders is yet to be seen.
Yes more people off ETH
I put 2 rigs 8 x 3060ti rigs on RVN solo mining for 10days and found no blocks. Back to Eth pool mining for me!!
You got extremely lucky hitting that block with only 51mh I was running over 400mh on rvn with no luck in 10days.
Laude lag gayee.
Its simular to spending your $40/day pool mining on a lotto ticket 😆. Did you end up switching back?
Don’t change it. Keep it as is. You can add couple more gpu to the solo rig but don’t move everything to it.. congrats man
If you plan to go solo mining, you should probably use some calculator first, what is the probability to actually get the block, and then do the math for several blocks at least, just to even up the randomness of that calculation. It isn't too hard to calculate the network hashrate vs. your miner hashrate to see what are the odds.
well it is without a doubt on average higher than poolmining as you basically have the same chances on both so solo mining in theory is worth exactly what pool mining is worth minus the pool tax. the only variable to consider is the average time to get a block. is it a few days. few weeks or is the average shot at a block 10 years. in that case you probably don't want to do it and the small pool tax is probably worth it for more reliable income.
@@mayainverse9429 Yes solo mining on average will do more because there is no pool taking it's share. What I have understood, you can increase your chances by having fast network connection, that lessens the amount of shares which haven't arrived in time. Anyways, I wouldn't solo mine if calculator says the average time between found blocks would be 10 years. But if that same average would be like one week, then it might be well worth the try.
@@captainhappy I wonder how much of an advantage would it be if u actually set up a farm next to the server with super fast latency.
I wonder how much these people who make the miners are pulling in because they get a cut also.
im not sure why most crypto have the payouts structured this way would be better imo if payouts were structured as a single giant pool already without there being actual pools.
@@mayainverse9429 Well, the keyword is "decentralization" that's why there isn't any single giant pool and I hope there never will be. The system must stay decentralized to stay functional against attacks.
@@mayainverse9429 The other important keyword with decentralization is also "trustless", meaning the system can not trust anyone, it has to work autonomously, otherwise the transactions and everything would be at risk.
If we miners are interested in the development of Ravencoin and a possible value increase, we should also take care of the network, meaning operate nodes. At this point, the number of nodes seem quite low to me. Not a real expert in this, admittedly. Anyway, congrats to Red Panda for winning a whole block. Well done! That's really inspiring, too.
Tottally agree. Would be great to have a rvn node. I would invest if I had credit approve but i dont for now. Working on it.
Is it correct to assume rvn node would be much much cheaper than bitcoin node?
I am pro at mining but new to node concept at least in the requirements to have one.
All in ravencoin. The use case is nice and the possibilities of it is amazing. And we can mine it. 🤯. To anyone who hasn’t seen the developers talk About it and it’s use you will be amazed. And overstock funded the development. 🤯
YES so glad you covered RVN! Also going to be putting out RVN content before the halving :)
When will rvn halving occur?
@@wadevid end of december / early jan!
@@MiningOffice I heard Jan 22nd but not 100% sure.
I'd suggest you set up a few rigs to solo mine Raven. As you said you've been lucky and just because you found a block within 15 days does not mean that you're on par for 2 blocks of Raven per Month, per Miner. If it's 6 months down the road and you have scored 2 blocks per miner then yes swap over and go balls to the wall. That's my 2 Cents do with it what you may...
Yep I have my gaming computer mining on a 3080 and than I have my AMD rig that is putting out about as much hash rate as both his 3090's put together solo mining on minerpool that way one might hit before the others. Yah the 3080 isn't as powerfull as the 3090 but with the other rig doing what both his would of done put together it will hopefully hit a block sooner than 15 days while the gameing computer I turn off the mining when I play games so it's being turned on and off so it's only doing half the work it could be so it might take a month to hit a block.
Interesting stuff, you always amaze me with the amount of relevant and thoughtful content you put out. Thanks RPM!
I save crypto so my kids may have a financial foothold in the future. That’s why I mine pi coin, do you think it would be best to hold for long term after release?
The power here is not stable enough. What will happen if I do solo mining and there will be power outage few times a day?
Do I lose the block in that case every time the power is off?
I have been pool mining RVN. Maybe I switch to solo and see what happens. I mean if I can hit a block once a week I am sure its better than pool mining. But that is also a gamble. I have never solo mined anything before. Maybe it is time.
Yeah I just switched to solo. I only got one GPU that I use for gaming and I’m not expecting anything but who knows, maybe I’ll be the luckiest SOB. Either way I don’t lose since the government pays my bills haha
Yes we all get lucky from time to time. On supernova I did 60 coins a day on 2070 super. Which outperformed your 3090 for multiple days. I was getting 30 plus coins a day now it’s down. I might check out the solo mining
Thats awesome big red i tryed solo mining BTC in early 2019, wat a noob i was lmao so hard .. i wasted of 3 months of power on my s9 supra (6 hash boards @ 20.1TH/S OC'ed no dev fee) straight killed me, but i learned my lesson. Great video, keep them coming my friend
If you were to solo mine RVN for a week, then switch to FIRO for the next week and continue to alternate. Does this mess up your chances on finding blocks?
YES PLEASE compare different miners! :D Amazing idea
@sebs you should try solo mining too
I just started my mining journey 4 months ago. What can you suggest for me to have a better Mining Profit with my rig? I currently have a 3 GPU Rig (all RTX 3070 regular)mining rig. For the past 3 months the said rig is earning an average of $350-400/month....I am using HiveOS...using TRex and also tried NBminer. Can I do Solo Mining on this Rig? What If I don't hit a Block..how much will I earn in a month? Will I mine Ethereum of Ravencoin..which is better?
Did you find the 2nd block? or stopped after first block?
Hello Red Panda, just wondering if we solo mine ravencoin and we accidentally turn off our rig does your luck restart all over again? Or how does that work? Lol
Thanks for sharing this valuable information and experience. I think I want to start out solo mining Ravencoin.
It's more probitable t-rex dual mining eth + ravecoin or ergo, or kryptex ?
I've been mining RVN as well and 2miners rewards still has not paid out. How long does it normally take for 2miners to payout rewards? Supposedly it's every 2 hours for payout but rewards still sitting in there. Its getting annoying...
Just a headsup for anyone planning to mine solo: RVN block reward has been halved from 5000 to 2500 from January 2022. Of course this is still higher than pool mining if luck is in your favour
Hi ! Is there any instruction how to solo mine . My rig is 530 mhs
So thankful for you Panda and all your guidance this past year!!
Hi RPM are you still solo mining RVN on the one gpu?
Submerged 3090 dielectric mining does it have any advantage over water cooling and air cooled setup
after good luck you need to change the adress because in one point it will bring you to 80-90 % in both directions even with bad luck on a fresh adress. sometimes you get even a 0% one then change direkly after confirmation
What is the best way to ask a question here? I like watching and learning and I do plan to begin mining, but I am trying to learn as much as I can first. I’m not sure what the RUclips etiquette is? I saw the half hour rate but don’t think I need half hour to get the answer to my question. Or should I just save all my questions and ask at 1 time.
Thanks for these Videos @RedPandaMining !! These are always helpful in how to see the data and putting your odds into a statistic. You're the man! BTW, if you ever have any spare mining parts you are getting rid of feel free to let me know. 😉👍😄
What if I shoot in 2 * 12 3060ti rigs and 1 * 12 3070ti rig for solo on raven , will I be profitable
Screw the block, how the hell did you manage to get 2 3090's!!!
I'm more impressed with that than hitting the block!
Not anymore, you told everyone else to do it and now its even harder to get "lucky"
I still don't understand that concept when its you vs the world solo mining regardless if they are pooled miners or solo miners.
Welldone bro, I love learning from your content and started mining 30 hours ago thanks to you and the other gents!
Which platform (wallet address) do you use to receive RVN coin?
Congratulations! Most interesting test. Appreciate you doing this. I bet your family was excited.
I have 2 rtx 3080 non lhr should I solo mine ravencoin.
Is it worth trying RVN Solo mining with only 45 MH/s?
Hello. In this video, your mining OS is HiveOS, but you see the results of solo mining in another software. Which software is it and how do you integrate it with HiveOS in order to see there the results? Thanks a lot!
RIP to your answer 😂🤣
say having so much gpu / asic. How do you solve your electricity bills? I'm curious because he has this problem himself?
thx
How much commission does the exchange take when transferring to the exchange after mining "Solo RVN"?
How do you mine solo? What softwares or websites do you use?
What's underneath the motherboards at 2:34?
I'm trying to decide what to mount mine on, cardboard or something ... Idk.
Use the motherboard box. They work fine if you dont have a frame.
Hi sir can i use 1660 graphic card to mine it?
I watched your video and decided to just putting my RX580 on solo mining for the heck of it and expecting really nothing. Within 24hrs hit a block. Wow o wow. Thanks for making take this chance. Kinda crazy. Keep up the great content.
Just one rx580?
@@Back2backUSA Yes sir
Well, I mean, 9% Luck tells you everything. That means that you did it in 1/11th of the time and yeah, that means you got 11x what you would. I don't really see how distance has anything to do with it other than maybe saving some stale shares. The probability of 2 people getting the same share (if that's even possible with pooling) within 100ms or so is beyond improbable.
A week or two ago I checked out someone mining Firo that was earning like $30k per month and had an AVERAGE of 130% luck! That means he made 30% LESS than if he mined in the shared pool instead. It's fun gambling but that's all it is.
30k a month?! What rigs does he have??
Have you tried pushing your 3090's harder on Raven? I have never run a 3090 on Raven, but my 3080's get 50MH, and my 3080ti cards get 56-59MH.
I saw some people say you can't mine on a FE card. Will it break the card?
why so many hard drives? @0:12 good price? where to buy?
Great Video - Wow , you are incredible lucky !
I need to try this
Wow that is amazing! I have a ton of rigs on Raven, but I will stick to my pool mining!
Good vid...I've been curious about solo mining for awhile now...I wonder if you could manipulate pool latency using a VPN...also rewards will be cut in half after the havening... curious how that will play out
so nect time you will hit a block is about 4+3 months?
Sorry I'm not familiar with solo mining but how come just one raven block gives 500$ ?
Love the video, more than 100 sheeps have followed your advice to SOLO mine Raven. That is just too funny! You have a lot of power and it's great information that you are sharing. I might turn myself into a sheep as well. Lol! Great content as usual.
Right now over 900 people are solo mining and I think in the vid it was around 300
@@senju3832 Only some will be rewarded, you will see that number drop after 1 or 2 weeks of no rewards.
i m solo mining ravencoin about a week with 300 mh did not find a block :(
it really depends a lot on your luck ig
Which app/website is he using to check the lucky factor here?
@Red panda Mining , what if we have 2x rigs running on same solo pool and we shut down one rig due to maintanance so should we reconnect from where we left or start from the beigning ? In my country there is power cut everytime so should i try solo or not. Thanks
Comparing solo to pool in such a short time span is so speculative I don't think it's even worth doing. It's extremely more likely to solo mine for that length of time and get nothing than your result.
And that's something he explained many times during the video, and also the reason he said a year test will be done.
Do you side-mine XMR on the CPUs or nha?
I am determined to solo mine using EC2 boxes. Not sure the cost yet still trying to figure out how large of disk space I need. Anyone ? My understanding is Raven is out to keep solo mining affordable jinxing the asci miners with code
God damn it I need some GPUs. Adding more GPUs is really serious addiction.
I am currently building a rig and know that you are unable to use the sata cables for the risers. I have 2 psu’s one Corsair rm850x and a hx1200. Nether of which comes with 6 pin to 6 pin peripheral cables and I am using all my pci slots. I can’t seem to find any 6 pin to 6 pin cables that would work does anyone know where I can get them? If there is no such thing I assume the next option would be a server power supply?
What are peoples genuine thoughts on the future price of rvn? Heard mixed things - either that it will replace eth and rocket in price to $50 - $100, or will just remain stagnant and be around 20 cents for the next couple of years. Heard so many conflicting reports…
Awesome Red Panda! 🇨🇦
man how are you getting cards because I can't find anything for a decent price
When eth goes PoS, what will happen to the price of RVN most likely?
The problem with solo mining... Looking at the payout table in the last 16 hours on my pool we have had luck factors between 0% and 451%. Yes if you get a block at zero... your doing great. but if you mine to 451% for that first block there is almost no way to recover as an individual from that... especially when you consider that would put your fist block long after the halving...
I tried solo mining for 8 hours.. scared the living shit. i was rocking 400 Mhs plus but i couldn't bear it. i was literally losing money with this test. no way. lol.
Can't get gpus where i am. I have a asus 970 turbo. Is there a way to even make profit on it?
I tried with 55mh/s but got nothing should i continue? pls help.
Love the channel. Been watching your videos for a crash course in mining. Got my 3090 build on its way and was kind of worried after I heard of ETH was going POS. Not anymore.
Everybody will mine ravencoin when ethermining ends. So, it will be the ending to all the mining.
Hii red panda
I am a small miler so I want you to do a solo mining test on ergo as well which would help small miners to take decisions whether we should move over or not.
Thanks
Can you tell me what's matter most, Number of devices we have or quantity of hashing power in solo minig? Btw love the video
Theoretically the profit you'd make from solo mining vs pool mining will be the same over a long period of time. So if you're in it for the long term, stick to pool mining I would say. But thanks for the insight.
To be completely honest, I think you were just super extremely lucky to find that block in that short amount of time. You would need to find several blocks for a more accurate reading imo.
Solo mining on extra hardware is the way to go imo
Which gpu you using
dear red panda I want to know the fees and its calculations of ETH to BNB conversion before and after EIP1559
what wallet do you use for rvn?
Thanks in advance
but my theory is that, with pool mining, if you mine 100 days, then you get 99 days worth of coins. But if you solo, then it could be that after 100 days, you still get 0, but then 130 days, then you hit it and get (let's say 100)... and using the law of big number, if you mine 1000 days, you get 1000 days worth... but you may be luck and get 1100 or unlucky and get 900 only... but if you mine in a pool, then you get 990... which is good enough to me
How do I find instructions to set up solo mining?
Anyone know of a trustworthy exchange with low to no fees that I can trade RVN for Doge? Thanks
can i mine my 2 rigs of 8 3090 in one rig in solo mining?
at the same time?
Maybe I might switch my 13 4GB cards to solo mining RavenCoin ✌️😍✌️
Great test. Very entertaining video, keep it up dude :)
@redpandamining what is your OC settings for 3090?
You used a single 3090?
Why don't you have both 3090s on the same rig?
You've RUNED it now! It's RUNED for everyone! WHY RED PANDA??? WHY!!!?? (lol)
Seriously though, can you give an update as to how many started doing this since you posted? I'm insanely curious! Thanks man! Keep it up brother!
Was about 268 GH/s at 11:18 a.m. look at it now. Man, you did it.
I'm wondering, if its completly luck or if it depends on your computational power. I mean... even a guy with just one decent gpu could obtain the same as a guy with a whole mining farm with 100s of GPUs?
That had to be complete luck on his part. Even when you look at sites like 2crypto and such it would take way more hash rate and luck to agverage out a block a week or even 1 or two a month.
how much $$$ per day are u able to generate doing solo?
Congrats on that Raven block!!
At 800mV, 1450 core & 10451 mem (watercooled 3090 FTW3 at 39C, & 60C mem junction & 350W), i can get 58-60MH on t-rex. Maybe it is possible for you to further optimize your setup :), but it may be not sustainable on aircooling.
How much does the GPU hashrate and number of GPUs affect the likelihood of getting a block on solo mining? Does it have anything to do with that or is it just the number of people? Would solo mining on a 1660 Super be worth it?
I would think the likelihood scales directly with your hashrate.
Have u a video thats a walk through on how to solo mine raven coin please?
ah, with pool mining, if the price go up and up, then you get the little and little bit, and they can go up in price... but if solo, if you don't get anything for 30 days, you have nothing to go up in price and it can be frustrating... is it true that using a pool is good for dollar cost averaging, because price go up, you get some, price go down, you get some... it is true that once you hit it by solo, you get the full pot... but then if the price go up, then probably more people are joining and so your winning is diluted by being harder to win
Hello, is there an option to solo mine via hiveos?
he is using hiveos bro
When I walk up to a blackjack table in Vegas and I hit it big in my first couple of hands, I walk away! That's the way luck works. Trust the law of averages, not early wins from luck.
January 10
Halving 2500 block
?
to have any statisical relevance you would have to do this long term. If you end up only landing this 1 block over the next 12 months then the pool mining is the way to go. But cool video regardless.
Maybe I’m just being picky but I’d assume that red panda has the fastest internet offered in his area. Could this contribute to the odds of finding a block? I honestly have no idea. Someone lmk please
How do you get so few rejected shares? I’m running 3 3070 and 4 580’s. Currently on a ~68 hr run with 96.03 efficiency.
16035 accepted. 663 rejected. Can’t seem to do much better than 96% no matter how much I reduce my OC settings
3070s gets lota reject shares. Try to underclock. / what i do is generate DAG b4 overclocking it. ;)
I have a 2070 mining and hit a block of eth. Solo mining is the way to go /s