Solo Mining: Step by Step guide to playing the Bitcoin Lottery

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Between April, 2015 and April, 2016 I have found 18 blocks, totaling 450 coins. With today’s rates that would equate to $201,600.00, for those of you who are skeptical I will provide links in this book to show you the generation transactions on the blockchain.
Recently 25 bitcoins would be worth $11,000.00, plus or minus depending on the worlds markets, and is how much you would earn if you found a block now.
With solo mining, it is possible to spend $5.00, or .01BTC to create an order while renting only 5 TH and being lucky enough to find a block worth over $11,000.00, I’ve done it twice and have seen others on the solo mining pool I’m going to tell you about do it as well.
In this game, you can turn $100 into $50,000 in a matter of days, and you can also turn $50,000 into $0.00 in a couple of days as well. No matter how much you start off with, if you find a block, now you will have to choose whether to walk away with 25 bitcoins, or take them and try your own strategy to multiply your winnings. The strategies for solo mining are endless, in this game you make your own luck.
This is why some people compare solo mining to playing the lottery, Whether you are lucky and find a block or not will depend not only on how much you are willing to risk, but also which address you are mining to, when you begin, and how long you try.

Why is Solo Mining similar to playing the lottery?

When mining for bitcoins, it is impossible to do so without using a bitcoin address. Think of your bitcoin address as a lottery ticket. Your Bitcoin address is a string of between 27 and 34 alphanumeric characters that represents a destination for a Bitcoin payment.
Here is what an example of a bitcoin address looks like 1MEeKQVQ4Yiv5Wv5CPUvtjzTRifoJs2zQK
When solo mining you will use a bitcoin address as your “lottery ticket”
Your address will be converted into zeroes and ones based on SHA-256 Cryptography and will be added with other data and a random nonce in an attempt to come up with a hash that meets the network difficulty, if you’re successful you will earn the generation transaction which is currently 25 bitcoins.
The more hashpower you have, and/or the longer you mine, the more tries you get to solve a block with your address, or in other words, the more lottery tickets you have to play with.
I have solved blocks with all of the following addresses, and some of those have been used to find more than one block while solo mining.
18c8qUL7AHY7HASHSEz9a8pYd9V4uugtUr
15X8ziBTCLEQCU2eUwWoQCYqJV7CoJSFoC
16gzr6N8e5ZcTSXUGphJouM9Zbj71gQj8p
12YdjpV3aBYzRuafgDj6cnH5j38kS8CP7T
1NsBhqV24cvcccT5dMnpQV5LYvJ7rupRg9
1Akfk6s9qN4KogMJTHQs77TLS9RRep9HRc
1EPSY7YmK8yd3jYJ3zuKuVHxPvGLmsmEPS
1MEeKQVQ4Yiv5Wv5CPUvtjzTRifoJs2zQK
1G314XzvAUbbEHBkN5Q7SAhk4GgrZUhJa9
12NvDqV3eHXfEi5AshHb4vLFavMFR5iyXw

Product Details

  • File Size: 1336 KB
  • Print Length: 44 pages
  • Simultaneous Device Usage: Unlimited
  • Publication Date: April 23, 2016
  • Sold by:  Amazon Digital Services LLC
  • Language: English
  • ASIN: B01EPUE96G
  • Text-to-Speech: Enabled
  • X-Ray: Not Enabled
  • Word Wise: Not Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Enabled

Setup BitCoin ASIC Mining On Raspberry Pi (Raspbian)

How to Set up BFGMiner on the Raspbian on the Raspberry Pi.
Use your USB ASICs with the Low power Raspberry Pi, to get maximum efficiency for power to BTC.

The Rasbian OS does not contain a lot of support for this sort of thing so you need to follow this guide:

Step 0 :
To set-up find out the IP address then SSH into it using PuTTY:
http://www.chiark.greenend.org.uk/~sgtatham/putty/download.html

Step 1: Update to latest Version
sudo aptitude update
sudo aptitude upgrade

Step 2: Install Librarys
sudo apt-get install libusb-1.0-0-dev libcurl4-gnutls-dev libjansson-dev uthash-dev libncurses5-dev libudev-dev autoconf automake libtool pkg-config screen

Step 3: Get BFGMiner
git clone git://github.com/luke-jr/bfgminer
(use: ls to find where it is)
cd bfgminer

Step 4 Configure the Software for Compiling
./autogen.sh
./configure
make
(optional: then use sudo make install to have it system wide. Not advised)

Step 5:Run BFGMiner
(stay in the bfgminer software then use below command changing caps to your settings.)

screen -S Mining ./bfgminer -o stratum+tcp://POOL.com:PORT -u USER -p PASSWORD

Step 6: Using Screen
then to do something else hit
Ctrl A D

and to get back to it use
screen -ls to see your running screens
then screen -r 0000 to get back to your screen

However If you are using Nanofury/Ice Fury you need HIDAPI which is VERY hit and miss and more likely miss than hit at the moment.
git clone git://github.com/signal11/hidapi
cd hidapi
./bootstrap
./configure
make
sudo make install
sudo ldconfig
However this still might not work so check out video tomorrow on Minepeon:

My pool: http://full.sc/1tmZveB
Donations/tips:
BTC: 14uUbzJSi2t5MGgYH72PdTonD22V8drBVN
Doge: DTHbar4BRRmxx2YBjkYj23epzJG7Z2g5cx
Google+ : https://plus.google.com/+Tingawinga5
Facebook: http://www.facebook.com/tingawinga5
Folding@home team: 123464
Twitter: http://www.twitter.com/tingawinga
SubReddit: http://www.reddit.com/r/TingaWinga/
Website: http://www.tingawinga.co.uk

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