Someone Found a Bitcoin Block Solo!

geni.us/9atf8 use code "RedPanda4" for 4% off! Solo Bitcoin Miner

[@RedPandaMining]

geni.us/9atf8 use code "RedPanda4" for 4% off! Solo Bitcoin Miner

[@FreeEnergyMechanic]

Hey man I'm a mechanic and machinist I work for a college I'm really interested in Bitcoin mining can I message you

[@kyotoben610]

What's your electric rate per kw,

[@sybennett7392]

Do ya think it will work in the end

[@robertwells3797]

Jesus $500.... To buy a lottery ticket

[@hellomarley3295]

How ??

[@xXCdOg24Xx]

The richest men during the gold rush were the ones selling pans and shovels.

[@trentswag9324]

Don’t forget hopes and dreams!

[@rubengonzalez1711]

@@trentswag9324 hopes and dreams don’t make you rich….hard work does!

[@audimaster5000]

@@rubengonzalez1711 Respectfully, read it again. You’re not only mistaken but missing the entire point that highlights how flawed that logic truly is. Thanks

[@burtan2000]

That's partly bc when people did strike gold, they spent it all quick like. Partly on their debts like for pans and shovels and booze and shit

[@trentswag9324]

@@rubengonzalez1711 No, it doesn't. Although selling them sure does!

[@Recon777x]

Someone won a lottery. /goes to buy lottery tickets. That's what I saw here. :P

[@Happygrowercbris420]

loll

[@shakester2010]

LMAO!! Yes, I see nothing wrong here.🤣👍

[@williamsullivan1160]

Exactly...i was coming to say something similar. One solo miner got very very lucky and hit a block but there are tens of thousands of people that never have and never will hit a block. Nobody is posting all the losers. 10 TH/s odds are 1 in 192,614.6 per day. 500 GH/s odds are 1 in 3,912,291 per day. To put that into perspective 192,614 days is 527 years and 3,912,291 is 10,718 years. This roughly how long it should take to hit a block at each hashrate, obviously it could be significantly shorter then that or it could be 10X longer.

[@IQ2Kcom]

Pretty damn precise point of view.

[@blackjack117200]

@@williamsullivan1160 1/192k odds beat the fuck outta the lottery every time, never tell me the odds😂

[@daversj]

I think there is more money in selling mining rigs than in mining the coin. 😬

[@anguswett]

When in a gold rush sell shovels

[@denverwheeler1760]

True

[@audieallen9734]

Depends

[@GTILOUD]

It's a Scheme

[@Hibanaiam]

You know who got really rich during the gold rush, the dude selling pickaxes and shovels

[@corvetteshorts4670]

This must be what I sound like when I tell my wife about cars.

[@ClearAdventure]

🤘🤣

[@B.Dawson76]

My wife still thinks a canuter valve is real. And costs a lot.

[@sammybrown6730]

It is what I sounds like when I tell people about cats...

[@ericgon46]

😂😂😂😂

[@GotrekGurninsson]

Crypto mining is like regular mining. The money is made selling pans, sluices, trommels and dredges.

[@katiebarber407]

and all the profit goes to some lazy rich instead of the working class

[@stickyfox]

and creating waste and pollution too.

[@josephsagotti8786]

​@@stickyfox just like gaming, browsing the internet, shopping online...

[@stickyfox]

@@josephsagotti8786 None of those things generate *nearly* the pollution of crypto mining. We're talking *hundreds of billions* of kWh per year. Crypto wastes electricity by design ("proof of work," it's called.) The rest of the hardware running the internet is designed to be energy-efficient.

[@benponderin]

​@@stickyfox not every sector can be carbon neutral like banking and finance 🙄

[@whatta7793]

The chances of you getting a block, solo, with those little miners, is basically impossible.

[@nelsonfigueroa3198]

Nope :D

[@EbayLife]

@@nelsonfigueroa3198 I think you meant improbable as they have found one so not impossible, but yes its a huuuuuge improbability

[@fidelcatsro6948]

its not impossible, but its just under impossibility

[@st.upid_fr0g470]

@@fidelcatsro6948 in comparison to getting struck by a lighting, how big?

[@royhi1809]

Just like the gold rush in California, Alaska.... People who got rich were the ones selling equipment, tools and information.

[@trumpelstiltzkin9068]

Lol ya nobody made any money mining tons of gold

[@JunkBondTrader]

yeah crypto is the most profitable asset class of all time since inception over 10 years ago. There's money to be made on both ends. Smart investors are cleaning up in crypto, dumb ones, not so much. This is just a dumb phrase that people like to repeat.

[@pootthatbak2578]

I work 50 hours a week. I keep society going. I do things to help people get food shelter and warmth Then they give me 1500 dollars a week

[@noahchopson7136]

You should consider union membership, or move somewhere where thats an option.

[@pootthatbak2578]

@@noahchopson7136 the unions in my area pay less. I already have a union pension, i was in the uaw and cwa. Here, im talking about providing labor and recieving compensation, not asking for a raise. Its a human thing, weve done that for millenia. When " bit coin mining fails" sooner or later you gotta serve someone

[@maxime_vhw]

@@noahchopson7136 why? He already earns 6k/month

[@ExtremeDadDRAMA]

Can you help me get a job

[@hypnotico7051]

Cool story bro. No one cares.

[@garyf5046]

In England that would just cover the electric bill

[@KRAFTWERK2K6]

in Germany you'd make just losses.... More expensive than turning on the heater for a day.

[@SjMk1.]

UK dam expensive to live in. and its cold and wet as sh*t. but daaaamn is it Beautiful 😍

[@hook86]

All them EVs and wokeism not working out too well for ya, huh?

[@Pennyburn1688]

It would still leave you in debt in SNP scotland!

[@turboduckhead6179]

@@KRAFTWERK2K6 That’s why the price is so high. The cryptos at the top don’t want you cashing in on free money.

[@roybrown29]

All I heard was "somebody just found a blah bla blablah blah. Blah their rich blah bla blah I'M POOR"

[@kidohchi]

HaHaHa- You put it better than I ~

[@fidelcatsro6948]

get the cheaper coins instead amigo!

[@YouBetterCallSaul]

That 2% fee tho dang let’s start a pool boys and charge 1.8% lol Edit 1 yr later : that block is now worth 650k

[@dr.sminty7781]

I'm in.

[@johnrobholmes]

It ain't cheap or easy to build blocks with low latency

[@char_rios]

Yeah the thing is that by offering PPS you have to take charge of the losses = paying the miners even tho no blocks are found... finding a block could be profitable but you neeed a good quantity of miners so it becames really profitable, if not, you are in the red as a mining pool owner :/

[@LarsLarsen77]

@@char_rios CKpool isn't PPS, it's solo.

[@JoeKyser]

It's literally like hitting the lottery. I mean years ago we used to mine without pools with hardly any. Miners out there and it was nearly impossible then.

[@TangoCharlieAlpha]

Why did the algorithm suggest this, when I have ZERO clue on how this works, what any of this means, and I will never do something like this. Might as well have been in Mandarin Chinese, for all the sense it made to me.

[@RomoMalo]

Simplified: some guy bought a lottery ticket entry that generates 0 to no income on most days but on this one day he got really lucky and won so now you should go do the same because he made 2 or 3 years worth of income in one second. But disregard the fact that he has to pay the people who sold him the ticket a cut of the money as a fee for owning the ticket they already sold you

[@JunkBondTrader]

he didn't disregard the fact. He totally mentioned the fee. And paying a fee off a huge profit is a good problem to have, Einstein. That's like the rich complaining about tax. But yes solo mining BTC today is not worth the cost, as you are extremely unlikely to profit.

[@bmo14lax]

Best comment: when in a "gold rush" , sell the shovels.

[@theodanielwollff]

This is basically harder than wining the lotto 5 times in a row. Solo BTCH mining was 13 years ago. Not anymore...

[@tonioreyes]

yeah the good old days are gone but it sure was fun

[@Stuntman5701]

why the fuck would i SOLO mine. on a POOL TO PAY FEES?!?!

[@GiuseppeGaetanoSabatelli]

Because it was some kid who probably didn't really know what he was doing and literally just won the lottery probably on a single one of these USB devices lol. I hope he even knows how to access his wallet or knows if he even got paid at all.

[@reprobite]

@@GiuseppeGaetanoSabatelli he told you in the clip what the winner used to mine

[@johnrobholmes]

Tell me how you are building blocks and communicating with the network.

[@AntonioAugusto1010]

It was an S9 miner not a USB stick​@@GiuseppeGaetanoSabatelli

[@LarsLarsen77]

Try setting up your own pool. You can't just mine to a node. I think you'll find that it's not that easy.

[@tblaze5736]

He's trying to tell us something. I just know it. 😂

[@robertclarkguitar]

My big complaint is, what is the value when the power grid goes down due to the eventual war of all wars coming ? Our power and all the backups will be fried.

[@ZaptamusInHisPrime]

Too much comfortability and the like for there to be a war of all wars. I feel that the biggest "1st world" nations would be too worried to war with each other because of their respective loss of power, money, and positions.

[@jtowensbyiii6018]

If that happens your money has no value too, don't be an idiot

[@ZaptamusInHisPrime]

@@jtowensbyiii6018 I don't have money like all the people with "real power" do, to sway policies, laws, and the like...and you likely dont either; sounds like you might be a bit of a schlepper.

[@mwoodall13]

I just heard a bunch of new words….

[@kaje01]

Why not run old miners as a way to generate heat. 100% of the electricity they use gets converted into heat, even if you’re not mining profitably over electricity costs it doesn’t matter because you’re still saving on or possibly eliminating your heating bill.

[@adamwuest3958]

Some dude just got caught with a mining operation hidden in the crawl space of a middle school lol

[@ITSWHATEVER44]

Seen it! dudes set was pretty smooth all till he got jammed up I wonder how much he made before he got pinched

[@gravestoner2488]

Pov: using your power to keep the blockchain going

[@TheBenzdad]

I would love to have a settup like that which ran on solar power. Just let it do its thing and check it every few days.

[@ericklein5097]

Not hard. Assume 65 Watts 24/7 with 8 hours of sun a day (ok that’s Phoenix weather so 6 for everyone else). 200 watts of solar means you’ll get 120 to 150 watts so during the day that’s 55-95 watts into your battery. The other 16 hours at 65W is 1040W and a LiFeP04 12V 100Ah battery is 1280wh so you’ll be cutting it close but one will do or just buy 120Ah or 150Ah. Or use lithium ion 18650’s 3S 40-50P with ~2600mah modem cells from Battery Hookup (they have auctions too) Panels:$200 new/$100 used Charge controller: $30 PWM/$100 MPPT (more efficient) PV Wire:$40 12.8V/12.6V 100Ah battery DIY: $200 with Lithium Ion using 130 18650’s DIY: $250 with LiFeP04 cells (32700 or prismatic) Commercial: $300 el cheapo, $400 high quality 12V to 5V converter or a way to power this: as cheap as $12 if you use some 4 channel USB boards off Aliexpress. Don’t get an AC inverter it will be inefficient. Cheap route $382

[@STRIKER520]

You can get a 200w kit for like $50 not sure why you're buying $200 panels .

[@BLEACH366]

That plugs into a computer so you have to account for that also

[@consciouscrypto3090]

If I had good wifi reception out on my deck I could do it, but I don't. The signal is trash out there, so I can't use my solar setup. The wattage isn't much though. It's like $36 a year to run, so no biggy.

[@oddwithatee6698]

​@@ericklein5097 respect. That was fucking awesome.

[@ivangaeta3663]

How sad is it that I don’t even know what the hell they’re talking about…

[@josephsagotti8786]

Not sad at all, unless you truly want to learn.

[@s1l3nttt]

2% fee 💀💀💀💀

[@JunkBondTrader]

kind of a good problem to have.

[@Orion_5764]

I love how some people are worried about global warming and then other people are just burning electricity for profit

[@doepender3570]

Someone need to explain that s*** in layman's terms

[@Impossible_Fishy]

Wrong channel, red panda mining and Voskcoin are for enthusiasts

[@jmd489]

A buncha degins are sucking power to try to solve a math equation first. If you solve it correctly first you win.

[@milessmiles99]

they’re using a shitty space heater to try and make internet coins

[@hatchbigal]

That's what I got also. Lmao

[@lordfaf4014]

I like potatoes

[@BennieBlueEyes]

You spoke a foreign language to me but.... "Me likey." I love the idea of making bits of BTC and you never know who is gonna finish the block!

[@Ultra-Carbon]

I just started solo mining BTC yesterday on my S17 on LuckyMonster. It says it should take 101 years at 60TH. Wish me luck!

[@Adam-di3mn]

Hey redpanda, can you potentially do a video on veil progpow mining? They dropped their dag size down to 2GB, so a LOT more cards can now mine. Even some which haven't mined in YEARS. Thanks.

[@Adam-di3mn]

As a notice, woolypooly dropped veil as a coin, but they are getting onto fastpool progpow soon. Probably in the next week or so. They already have a randomx mining pool on fastpool

[@mikepersechino9873]

Even in the days when block erupter usb asics were big news, nobody was pulling solving a whole block. It's about as doubtful now.

[@goldiekoi935]

Like winning the lottery. What were his odds? Did he have a lot of giga hash or have a low giga hash and just get a .00001% chance

[@JunkBondTrader]

the latter. Very lucky.

[@BitMANcnft]

What they dont tell you is that this "solo" miner rented a miner that could mine a few blocks a week. He rented it for two days and got the block. he did not found the block using usb miners.

[@matthewsylvester9103]

The more ppl that buy that miner the more this looks like buying a lottery ticket

[@zara330]

That person has 50,000 of those running for 6 years and got one. Certainly spent way more on electricity already. You want to win lottery with 4?

[@easydrive2236]

Eh that 500$ miner won’t even net you 1$ in btc a year in a pool. Wtf

[@ProctoLogic]

0 in solomining pool

[@Pskawt]

It’s based on probability. He just happened to find a block on God!

[@acharich]

👀

[@Quade_YT]

How you connect the whole rig plz do a feedback video I’m interested 😅

[@volvo09]

Wow, another solo block hit! I love to see it! I thought this was going to be an old story, happy to see I was wrong.

[@ohoiboi9818]

If you found a block using those it would be a miracle... Electric cost of 10TH worth of mining even for a year isn't worth the risk unless you don't have any fiscal loss in it ie solar panels and a spare mining rig from the glory days of mining.

[@txddyfarquh69]

No clue what dude was talking about but damn, that last figure he mentioned 🤯🤯🤯🤯🤯

[@MorbidXTC]

What's your set on those Compaq Fs? Raspberry pi? Display? I have 3 newpac I turned off about two weeks ago 😩 but 300gh stands no chance

[@mikeallensonntag]

There was also someone while back using usb mini miner finding one. Ive done probability calculations using a 4090 solo btc ming. Your better off buying power ball ticket then hitting btc block.

[@Suicid3King717]

I know absolutely nothing about anything that you said but it sure does sound nice to get 140k for just being up to date with tech.

[@princequestly2218]

The problem is that doesn’t happen often that’s like hitting the lottery. You might even have a better chance playing the lottery. 😂

[@Suicid3King717]

@@princequestly2218 your still gonna pull something back tho right. I wish I would have gotten into it about 5 years ago when I first heard about mining. I thought the ship had sailed then but if I had invested $2k then, im sure I'd have recouped most of that back by now. I still think it would be worth investing in something like this over just buying btc. Im not a fan of digital currencies but it seems like that is where we're headed whether I like it or not. Im a fan of tangible assets that I can hold and look pretty. Im hoping that the valuable metals take off soon. I seen Russia made its first transaction with a digital gold token. The u.s. has taken over several countries for just mentioning getting away from the petro buck

[@ZaptamusInHisPrime]

​@@Suicid3King717 the way I see it, people weren't too fond of the dollar bill and such because it wasn't the precious metals currency of before. So I have been of the idea that you're on the right track. Gold backs the "dollar" and the "dollar" will eventually back the crypto.

[@ungovernable1431]

If he held on to them Bitcoin they're worth over $600000 now, probably be over $1million by early next year.

[@sfsandman4489]

Better odds investing in Powerball then becoming the next blockchain. Large farming operations still have a negligible potential of becoming a player. I’m going to Alaska with pick hammer and shovel and dig for gold. There’s gold in them there hills!😊

[@JunkBondTrader]

in btc sure. Plenty of small, promising projects to mine for smaller operations. Like Kaspa.

[@brianobush]

Math is hard for people, this is why people gamble. Basically, people are stupid. Keep it up.

[@TheWorkingClassroom]

Imagine doing all this redundant work to maybe hit the lottery one day. What a waste of resources.

[@b4urEnvy]

You got the total wrong picture of mining 😂 and showing your minions 😅

[@STARDOG64]

Literally like winning a lottery. I mean go for it if you think. But you're definitely not going to proffit solo mining. You need free electric to even come close.

[@juliankandlhofer7553]

those leds are probably like 5% of the power consumption lmfao

[@BerniesAguanta]

How's it going mate? Found any BTC with that mini setup?

[@xmarine73]

Bitcoin mining is the absolute most genius thing the power companies have done in modern history

[@trevorosborn9572]

You think the power companies made bitcoin mining? You sure about that?

[@xmarine73]

@@trevorosborn9572 it was tonight in cheek, my guy

[@theapocilip]

Correct me if im wrong here, but "solo" mining is like an all or nothing approach. you will probably waste your time and hyro for nothing, but if your very lucky can hit a jackpot

[@digitalparadigms]

Much like panning for gold

[@arnoldbailey7550]

What are the small units you displayed in the open of this video and is there a video on that setup? Thank you.

[@maxbobbigames]

You're better off playing the lottery mate trust me

[@Gizmo_-]

this man will be long dead before he mines a block with that setup

[@arnoldbailey7550]

@@maxbobbigames yes. I found them and researched it a bit. Not worth the effort.

[@Rhond5]

Bitcoin just hit $103,000 !!! You’re RICH 🎉 CONGRATULATIONS 🎉🎊

[@Thatboytrey]

This means nothing to people who leave the house

[@samuelhorowitz5029PLUMBCRAZY]

How much does it cost ? For a basic set up like yours. Starting with absolutely nothing not even a computer. Can you help me?

[@clammyclam]

Ah yes, I knew some of these words.

[@freelectron2029]

You are not using 65watts. You are using 110 watts. Your led wall thing is wrong. 110v x 1amp = ?? Basic electrical theory.

[@digitalparadigms]

🤫

[@BLEACH366]

Its only drawing 65 watts

[@BLEACH366]

When you use a 65 watt bulb its not calculated using 110 volts 😂

[@Nathan15038]

For a second I thought this was an old one that someone found with USB block erruptors or butcoin usb miners because because you showed the bitcoin ASIC usb 😅

[@likebutton3136]

to bad they didn't get the plumbus with tim tams. The extra calculus would have made them millions of cat coins.

[@mikedrop4421]

No lie, I 10X'd my witjadigya using a cadmium glass hammer set up. I have more coins than my girlfriend Princess Peach knows what to do with.

[@GeekOfAllTrades]

Solo FTW! Can't win if you don't play! My solo is on Doge

[@terrytahutu1343]

Never know until you try it, very helpful

[@ethanmoua49]

wait a minute, i knew you could mine bitcoin which i already thought was kinda stupid and thats whatever, but i didnt know you could mine blocks of it. Are we playing minecraft or making money now

[@ericvauwee4923]

This is how this works, you mine until a block eruption occurs and when the block are emitted they are divided. That's why you use pools because it happens it very long intervals between block eruptions that's why pools tag team so they occure more frequent and you get a more constant payout

[@StellarStoic]

No they did not get 142k USD. They get 6.2BTC which is now worth a lot more because USD is going down constantly against BTC

[@takethebaitmate1920]

I dropship parts for these mining rigs that's where the real money is at

[@alexandre6894]

I'd like to do the same in my country, you got any recommendations as what to start with my family and I thank you in advance!!!

[@deang5622]

Question. How much does it cost you in electricity and how much in BTC do you make over the same period?

[@JunkBondTrader]

cost here would be a tiny fraction of these profits. But hitting a block as a solo miner is extremely unlikely. When the market is not great, you actually lose money slightly mining most coins. But the idea is, the coins appreciate in a bull market, and more than makeup for your cost. Mining increasingly becomes less feasible for solo miners as the industry grows. There are still some paths to profitability for the little guy. But the little guy is much better off investing than mining.

[@thefloridaman6527]

Why use a pool (with fees) for solo mining 🤣

[@BLEACH366]

Because they are lazy or not smart enough to setup a node

[@TRICKYBYRD]

I'm just curious if it's as easy and buying old computer innards and hooking them up to a stopwatch and flux capacitor and letting it sit and work by its self why every person isn't doing it

[@joshuadelaughter]

Dang that's insane. I hope the bastard realizes how lucky he is, lol.

[@pac213344]

he wasnt he set this up he make more on you guys minning at the 2 percent then he makes minning the coin. biggest con in history

[@justing7490]

I have a couple antminer 6s sitting in a drawer. I missed the bubble when they would have been profitable to flip on when it was 50k a btc 🤦

[@meditatestaycalm8321]

I had an option to retire at fifty but not have a lot of money so I took the freedom and it's priceless, you never know when life ends and you take nothing with you. Go figure!

[@mahalalel7771]

Freedom is priceless. With freedom comes piece of mind. Great choice.

[@NithinJune]

holdup, isn't the whole point of the pool contributing processing power and pooling the rewards??

[@jojobeansie3114]

When you loot an epic item

[@johnnydamaged7117]

I wish someone would bless me with just learning how to do this. I'm a disabled veteran and struggling to keep my head above water. I know I'm nobody but I just thought maybe putting this out there, someone will bless me with knowledge. Thanks everyone. God bless you and God bless America 🇺🇸 🙏 ❤️!

[@kiaayo33]

Lmfao I love whoever falls for this, they gotta try to bring their stocks up one-way or another!

[@josephsagotti8786]

Falls for what, mining a block?

[@gshock200]

Coming from someone who hasn't the slightest clue about bitcoin. How much do the miners cost and do you have to make them or can you just purchase them ready to go?

[@BLEACH366]

None of them are 100% ready to go you have to input your wallet info and what pool you want to mine at or know how to setup a node to solo mine on your own but its really not hard once you figure those out tuning is what sucks getting the most hash for watts

[@Happygrowercbris420]

lucky guy haha

[@ReyesMontoya]

Dude how does this mining stuff work

[@666Necropsy]

i run one if the company donates one to me.

[@Hot-Blast]

Like they care

[@dd-dd2co]

how do you find a block? and why are there blocks lying around?

[@ashtonfoy5450]

Man what the heck is happening. People pullin money outta thin air

[@edwinontiveros8701]

Nope, it costs equipment, Energy AND Time.

[@jaywood7672]

A block reward would also be 3.1 btc for a block. None of this makes sense. That seems like a reward for 2 blocks

[@thedivergencetrader]

You're trying to find a block using USB Miner 😂😂😂😂😂

[@MrNiceguy-u2j]

How is 6 bitcoin only 140k?

[@tuptus1190]

Its old

[@JustAverageJeff]

Did you end up mining any solo blocks with these?

[@RainBitcoins]

Do you still have all your nano's solo'ing BCH?

[@joshdees]

I want to mine bitcoin, but I can't get over the fact that those lights are really lame... please advise on what I should do...?

[@shadetreetrades.jackofall2188]

Man that seems so damn complicated. The whole bit coin and crypto currency thing. Still don’t understand it completely, on the mining and address side and numbers. Like good ole gold and silver!

[@1BeautifulMind]

hey how is that set up going . im gunna grab one or 2

[@trevorballard4053]

How much did your electric bill go up a month running that

[@0DINBEPRAISED]

Does that technically make that miner and accomplice to the heinous crime that transaction was paying for?

[@SP-tu7od]

You pay taxes right? Wonder what atrocities your government committed with your money.

[@NinjaForHire]

What are those tiny computers your using and how do they report to a central commuter that's running them

[@bradleymayer5120]

every 10 minutes somebody is finding a block... Makes you wonder where they are all going

[@notyetskeletal4809]

I have no idea what....what is whatever is going on, doing and what not.

[@UmerRiaz-mx9vh]

Which mining software did u found block

[@RT10Viperman]

Nice..! Thanks for the heads up Mr. Panda...!

[@domgiambanco8819]

I still don’t get how u find invisible money that someone planted out in space

[@7_Raising_Kane_6]

I would love to get one of those. Unable to work and finding remote work has been a pain in the ass... Wish I could get setup to mine!