I heard about someone mining a block solo. Sounds like a total gamble but I'm thinking about giving it a shot with just one rig. Don't care if I hit a block or not. Is there any guide on the best hardware to get and how to set it up? Anyone here done solo mining? I could use some pointers. Cheers.
What exactly do you mean by solo mining? If you refer to solo mining where you run your own pool/node, check this guide [Guide] Solo mine testnet bitcoins with cgminer, Bitcoin Core, and a Compac F. Take note that guide focus on software level.
The number of machines used is irrelevant, it could be 1 miner or thousands of them. Solo mining is mining a block without having to share the reward with other miners vs pools where the block rewards are split amongst all of the the miners in the pool.
To solo mine you just point your machine(s) at your own node (bad idea) or point them at a provider like the Kano or -ck solo mining sites.
Solo mining is when a miner mines and validates blockchain blocks without joining a pool. Solo mining pits you against other miners to solve difficult mathematical puzzles and add a block to the blockchain. Upon success, you will receive the entire block reward.
Like playing a team sport alone, you don't share the win or prizes. Remember that mining in a pool, where participants share computing power to increase the odds of finding a block and split the rewards, can be simpler and less unpredictable than mining alone.
I've watched a nice video guide for mining, that contains literally everything you need in order to start.
There is the link: https://youtu.be/lInylz7FOhI?si=iuRKORIZ3lVqTRCc
Helped me and few of my fellow miners.
What should be the minimum requirenment for a miner? is there any seperate part available in the market which can increase the hash rate of a already working mining grid? something like that?