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Title: When is it worth it to mine solo? Post by: someoldster on July 13, 2011, 03:48:38 AM Here is a newbie question: what is a reasonable hash rate given the current difficulty to be able to mint atleast one block a week? I tried solo mining for 2 weeks at 250Mbit/Sec before deciding it was a futile effort and that it was time to join a pool.
Title: Re: When is it worth it to mine solo? Post by: akminer on July 14, 2011, 01:17:14 AM I'd be curious to know too, but it seems like pools are the only way to go right now....
Title: Re: When is it worth it to mine solo? Post by: Wuked on July 14, 2011, 01:33:02 AM Maybe if you've got 50Gh/sec it's worth it... otherwise Pool mine..
if you are a 24/miner then try https://mineco.in Title: Re: When is it worth it to mine solo? Post by: bitrick on July 14, 2011, 01:35:23 AM Please someone correct this math if wrong.
The current hash rate is around 11T/sec. Yours was 250M/sec. You represented 1/44,000th the hash rate and I *think* you should expect to solve that many blocks. But only 144 blocks are mined per day. So, you should expect to solve one block about every 306 days by yourself. (44,000 / 144 = 306) Title: Re: When is it worth it to mine solo? Post by: rocketr2 on July 14, 2011, 01:48:53 AM Yea at current difficultly and the way things are going, I dont think its a good idea to solo mine, unless you have 4ghash or more.
Title: Re: When is it worth it to mine solo? Post by: Aexoden on July 14, 2011, 01:55:59 AM Personally, I probably wouldn't bother solo mining unless I had a 95% chance or better of solving a block within a two week period (approximately a difficulty window). Unfortunately, that requires almost 17GH/s at this point, so it's probably impractical for most miners. Others might not have such a high requirement. (However, if difficulty were to stabilize, I wouldn't necessarily need that 95% threshold anymore.)
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