Questions on: solo-mining

Not only can you write such a program, you probably already have one. If you run the standard Bitcoin Core client, you will see that debug. log logs the IP addresses of every network node it communicates with
The most obvious open-source mining application is the official Bitcoin client itself, available at: https://github. com/bitcoin/bitcoin The source code is well written and shows quite clearly the way that hashing is performed in order to mine new bl
Playing by the rules, doing the right thing is of the utmost importance. This often times causes situations that are much harder to deal with or endure, as well more expensive. Understanding that when we buy from a company we advocate for them, throu
There are a few approaches you can take as of 3/18/13 You can either be interested in the low-cost learning of the protocol and related technologies You can invest in equipment related to mining You can invest in BTC directly, exchanging cash for the
I don't recommend solo mining with CPU only, it would take a really long time to find a block. If you don't like pool mining, you can download the pool software and run your own private pool where you will connect all your CPUs. If it is profitable d
Unless the lucky winner were to announce his luck, there is no way for anyone to tell the difference. So, even if one cannot find any information suggesting that someone did, it could have happened. Blockchain
While correct in principle, consider that mining difficulty has a pretty strong upward trend. This indicates that your relative hashing power (you compared to the difficulty/whole network) is greatest when you first start mining and it decreases over
Disadvantages of pooled mining: Smaller expected earnings - pools usually charge a fee and sometimes use a reward system (like Pay Per Share) that can give you a lower payout. Having to rely on third party system to earn your money - websites go down