Solo Bitcoin mining does mean that you don’t have to share your profits with a huge group of other people. However, it also means that you don’t get to share the profits of the thousands of other miners, either. You only get paid out if you’re the miner who solves the hash. This means you’re not only competing with every other solo miner on the planet, but you’re also competing with ... Greetings! I have heard from a Litecoin solo mining tutorial the creator when trying to use a solo mining pool from the Internet, it gave him less Litecoin than what he managed to earn. In that case, in order to mine Litecoin without having to download the entire blockchain (I have to use Electrum-LTC), I want to know what... To understand solo mining you must first know what mining in cryptocurrency is and to understand that we hope you know how Blockchain works. To put it in simple words: Cryptocurrencies rely on blockchain. A Blockchain is simply a set of blocks with each containing information about transaction data. Each and every block contains a puzzle and is being solved by miners. To solve this puzzle a ... Don't expect to make bank or retire from your day job, though. Bitcoin Gold mining requires a much more powerful system to make serious money. Remember, you only get paid if your machine solves the hash function first when solo mining. There are ways to get around that by joining a Bitcoin Gold mining pool, but we will talk about that a bit later. Once extracted we can configure the miner by editing the start.bat file to set our Bitcoin Gold address, as well as set our mining pool. The choices for Bitcoin Gold mining pools are: BTG Pool Pro (1% fee) Bitcoin Gold Pool (0.9% fee) Pool Gold (1% fee, 0.01BTG min. payout) For this guide we will use BTG Pool Pro. Here this is a beginners guide and a quick tutorial on how to solo mine Altcoins. Before we get in to solo mining guide we’ll see if solo mining really works out and if so what type of coins comes under this solo mining category. How easy is it to solo mine new Altcoins? They always say that solo mining only works out for a lucky few. Yes, it is. But theoretically there is math involved and ...
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