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Title: What Is The Chance Of Finding A Solo Block? Post by: Beraturker on January 20, 2016, 11:12:40 AM What Is The Chance Of Finding A Solo Block With 1Th/s?
Title: Re: What Is The Chance Of Finding A Solo Block? Post by: -ck on January 20, 2016, 11:18:58 AM Average time for a block with 1TH is every 5634days 23hr 0min 39sec
Which means your chance of finding a block is 1 in 5635 per day at the current difficulty. Title: Re: What Is The Chance Of Finding A Solo Block? Post by: Beraturker on January 20, 2016, 11:21:28 AM Average time for a block with 1TH is every 5634days 23hr 0min 39sec Which means your chance of finding a block is 1 in 5635 per day at the current difficulty. Thanks.. And how do you calculate that? Do you have a link? Title: Re: What Is The Chance Of Finding A Solo Block? Post by: Elphamyto on January 20, 2016, 11:43:47 AM time = difficulty * 2**32 / hashrate
https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F (https://en.bitcoin.it/wiki/Difficulty#How_soon_might_I_expect_to_generate_a_block.3F) Online Calculator (http://www.wolframalpha.com/widgets/view.jsp?id=76444b3132fda0e2aca778051d776f1c) Title: Re: What Is The Chance Of Finding A Solo Block? Post by: Laviathon on January 20, 2016, 04:41:20 PM Like ck- said. However crazier things have happened. You have people with 20 ths mine for 6 months and not find one and you have people with 1 s5 pop a block within an hour of turning on there miner. The odds are definitely not in your favor of that happening though.
Title: Re: What Is The Chance Of Finding A Solo Block? Post by: Darwin84 on January 21, 2016, 02:33:13 AM But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh
Title: Re: What Is The Chance Of Finding A Solo Block? Post by: Laviathon on January 21, 2016, 03:03:08 AM But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh It would be amazing if those numbers come to be true. Title: Re: What Is The Chance Of Finding A Solo Block? Post by: AliceWonderMiscreations on January 21, 2016, 03:13:30 AM But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh It would be amazing if those numbers come to be true. The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way. Title: Re: What Is The Chance Of Finding A Solo Block? Post by: OneInchWonder on January 21, 2016, 03:40:53 AM Might have a better change to play the Lottery then mine solo with 1 TH.
Title: Re: What Is The Chance Of Finding A Solo Block? Post by: Laviathon on January 21, 2016, 04:06:37 AM But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh It would be amazing if those numbers come to be true. The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way. Its all supply and demand. It could be real possibility when you are are only getting 3 bitcoins per block find here in a few years. Those numbers are probably inflated some but it could be. We do have a non physical fiat worth about $420 a coin right now. Title: Re: What Is The Chance Of Finding A Solo Block? Post by: AliceWonderMiscreations on January 21, 2016, 07:55:26 AM But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh It would be amazing if those numbers come to be true. The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way. Its all supply and demand. It could be real possibility when you are are only getting 3 bitcoins per block find here in a few years. Those numbers are probably inflated some but it could be. We do have a non physical fiat worth about $420 a coin right now. No. Bitcoin is introducing people to the concept of crypto-currency that is neither controlled nor backed by government. But by the time demand for crypto-currency in the mainstream reaches that kind of demand, there will be at least one (probably more than one) alt-coin helping to meet the demand. Kind of like AOL introduced the mainstream to the Internet but now is no longer a major player in providing Internet service. Bitcoin is the place to be now, but there is no reason why alt-coins can't provide supply to meet the growing demand once the masses grasp the concept. |