Is Solo Mining Possible with Bitcoin Core?

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just_gangNewbie
Posts: 7 · Reputation: 39
#1Jun 11, 2020, 06:24 AM
So I heard solo mining with Bitcoin Core is kinda dead now? What happened?
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wallet_vaultFull Member
Posts: 322 · Reputation: 431
#2Jun 11, 2020, 12:28 PM
Yeah it's pretty much a waste of resources now. You won't find a block with just your CPU or GPU anymore. It's like trying to win the lottery. Honestly, just set up a pool. There are some solo pools charging low fees that are way better options.
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whale420Senior Member
Posts: 734 · Reputation: 853
#3Jun 11, 2020, 04:05 PM
Wait, you can still solo mine, right? Just gotta set up a stratum pool with your full node. It's not as easy as it sounds though. You could check some guides if you're serious about it.
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dave.forkMember
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#4Jun 11, 2020, 07:40 PM
Solo mining is technically still allowed, which is funny considering how hard it is now. Just use the command "generatetoaddress <nblocks> <address> <maxtries>" and see what happens.
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stacksatsHero Member
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#5Jun 11, 2020, 09:13 PM
That command only works on regtest mode dude. It’s just for testing and doesn’t give you real coins. Mining got pulled from Bitcoin Core in version 0.13.
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dave.forkMember
Posts: 379 · Reputation: 185
#6Jun 12, 2020, 03:19 AM
Nah, I'm using generatetoaddress on mainnet. No blocks mined yet, but it showed me it can work with low difficulty.
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alex_apeMember
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#7Jun 12, 2020, 07:39 AM
Things have really changed, huh? While you can solo mine, hitting a block seems impossible with just a wallet. Those solo pools might be the way to go.
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planktonHero Member
Posts: 1287 · Reputation: 2049
#8Jun 12, 2020, 01:54 PM
Solo mining is basically the same whether it's your own node or a public pool. The real kicker is getting your block confirmed. Pools have faster connections, so they usually beat you to it.
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#9Jun 12, 2020, 05:03 PM
Aha! That clears things up for me. Thanks for the info! Just what I needed.
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