Title: solo mining ltc, is luck still involved? Post by: rocketron on December 08, 2013, 07:16:57 PM hi all,
I am currently mining ltc in a pool with 1500 hashes, i was thinking on takeing a gamble and solo mine for a few weeks, I am just wondering if a block can still be found with the hashes i have, im not taking probability here but all i want to know is it still possible to find one even if the chances are very low. Title: Re: solo mining ltc, is luck still involved? Post by: Boxman90 on December 08, 2013, 07:22:17 PM I once oblitterated a 54M block with a hash of 1.something Billion
So yes, it is certainly possible, with any miner. It'll just statistically take longer and longer as the difficulty grows. Title: Re: solo mining ltc, is luck still involved? Post by: miffman on December 08, 2013, 07:23:33 PM 1.5khash will take pretty long no doubt, but there is always that slight chance
Title: Re: solo mining ltc, is luck still involved? Post by: Amph on December 08, 2013, 07:26:22 PM u can do it, last week i found a block with my cpu, mining primcoin, in only 20 hours
Title: Re: solo mining ltc, is luck still involved? Post by: rocketron on December 08, 2013, 07:27:30 PM cheers guys, i feel like taking a gamble haha,
does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc.. Title: Re: solo mining ltc, is luck still involved? Post by: miffman on December 08, 2013, 07:30:32 PM cheers guys, i feel like taking a gamble haha, does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc.. I think your probability gets higher as time goes, but difficulty spikes don't help with that Title: Re: solo mining ltc, is luck still involved? Post by: shtako on December 08, 2013, 07:31:17 PM cheers guys, i feel like taking a gamble haha, does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc.. Time don't matter. I would advice against solo mining with that hashrate. The variance is to high. If you want to gamble sports betting is more fun. :) Title: Re: solo mining ltc, is luck still involved? Post by: INSeed on December 08, 2013, 07:34:06 PM cheers guys, i feel like taking a gamble haha, does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc.. Time don't matter. I would advice against solo mining with that hashrate. The variance is to high. If you want to gamble sports betting is more fun. :) You can also buy a lottery ticket, you might have more luck and rewards :) Title: Re: solo mining ltc, is luck still involved? Post by: rocketron on December 08, 2013, 07:48:27 PM this is what most people say, its an impossibility, but then you do hear of people willing to take a risk, and they hit blocks against all odds :D
at current diff my expected block time is 73 days, if i could get one in half that, that would be great, at current diff pool mining would be under 20 ltc, its risky but i think its still a possibility, to anyone who is intrested in how i get on, watch this thread and see if i can become one of those odds beating solos Title: Re: solo mining ltc, is luck still involved? Post by: shtako on December 08, 2013, 07:52:47 PM this is what most people say, its an impossibility, but then you do hear of people willing to take a risk, and they hit blocks against all odds :D Its not impossible to hit blocks. But solo mining with that hashrate is not smart because of the huge variance. You might find 2 blocks the first week, but on the other hand you might not find a block the first 200 days. Your rig might burn after 100 days without a single block. Its just gambling to solo mine. Title: Re: solo mining ltc, is luck still involved? Post by: rocketron on December 08, 2013, 07:55:07 PM well thats very true, however im going to take the gamble.
heat issues are not a problem for me, as I have the gpus watercooled and connected to a 1080 rad and a water chiller. Title: Re: solo mining ltc, is luck still involved? Post by: shtako on December 08, 2013, 07:59:52 PM well thats very true, however im going to take the gamble. heat issues are not a problem for me, as I have the gpus watercooled and connected to a 1080 rad and a water chiller. Good luck then. Hope you do well :) Title: Re: solo mining ltc, is luck still involved? Post by: PenAndPaper on December 08, 2013, 08:41:06 PM hi all, I am currently mining ltc in a pool with 1500 hashes, i was thinking on takeing a gamble and solo mine for a few weeks, I am just wondering if a block can still be found with the hashes i have, im not taking probability here but all i want to know is it still possible to find one even if the chances are very low. Yes a block can be found with your 1500 hashes but on average it will take years. |