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Title: solo mining 2 TH/s - is this a bad idea? Post by: kevhanc on January 31, 2014, 05:26:39 PM If I could start solo mining TODAY with 2TH machine, what would my chances be of finding a block?
I have seen many different calculators, and using different ones I get WAY different results. So I thought I'd put it out to the community to see what your experience has been. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: Winterfrost on January 31, 2014, 05:34:35 PM You would find a block about every 60 days (assuming average luck). That doesn't take into account the ever increasing difficulty.
Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: topminingcontracts on January 31, 2014, 05:37:08 PM Yes is a bad idea
Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: jakedeez on January 31, 2014, 05:40:35 PM I ran a total of about 1.2 TH from November to about a week or two ago. We ran pooled, but I wish we hadn't... Our miners found 3 blocks in that time. That was more then the expectation though, by a block.
It isn't a "bad idea" per say... depends on your risk profile and what you are trying to accomplish. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: vpasic on January 31, 2014, 05:52:36 PM I ran a total of about 1.2 TH from November to about a week or two ago. We ran pooled, but I wish we hadn't... Our miners found 3 blocks in that time. That was more then the expectation though, by a block. It isn't a "bad idea" per say... depends on your risk profile and what you are trying to accomplish. it doesn't work that way! if you ware mined solo you wouldn't mine anything. 2TH mining solo is bad idea! Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: jakedeez on January 31, 2014, 05:54:03 PM I ran a total of about 1.2 TH from November to about a week or two ago. We ran pooled, but I wish we hadn't... Our miners found 3 blocks in that time. That was more then the expectation though, by a block. It isn't a "bad idea" per say... depends on your risk profile and what you are trying to accomplish. it doesn't work that way! if you ware mined solo you wouldn't mine anything. 2TH mining solo is bad idea! What are you talking about? Of course it works that way. Three of my rigs each found a block. They were mining in a pool, but miners do find blocks. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: joae1975 on January 31, 2014, 06:46:24 PM Bad idea, you need like 50 Th for it to work.
Edit: but you'll find lots of blocks mining altcoins. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: Sonny on February 01, 2014, 09:18:55 AM Edit: but you'll find lots of blocks mining altcoins. You could find lots of blocks with just a GPU, if you are mining a very new (or already dead) scrypt coin lol. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: Sonny on February 01, 2014, 09:21:17 AM I ran a total of about 1.2 TH from November to about a week or two ago. We ran pooled, but I wish we hadn't... Our miners found 3 blocks in that time. That was more then the expectation though, by a block. It isn't a "bad idea" per say... depends on your risk profile and what you are trying to accomplish. it doesn't work that way! if you ware mined solo you wouldn't mine anything. 2TH mining solo is bad idea! What are you talking about? Of course it works that way. Three of my rigs each found a block. They were mining in a pool, but miners do find blocks. Well, the situation in Nov is different from the situation now. On Nov 05 2013, difficulty adjusted itself to 511M. In a few days, difficulty will be at around 2.6B. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: Grix on February 01, 2014, 08:49:30 PM If you want to gamble it's a good idea. If you don't want to gamble it's a bad idea.
My KNCminer has found two blocks so far, if I had solo mined I would have been much richer than I am now. But it could have also found no blocks at all, it's impossible to predict. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: Sonny on February 02, 2014, 08:09:58 AM If you want to gamble it's a good idea. If you don't want to gamble it's a bad idea. My KNCminer has found two blocks so far, if I had solo mined I would have been much richer than I am now. But it could have also found no blocks at all, it's impossible to predict. Exactly the reason why we are doing pool mining - reduce variance (risk). :P Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: jarhed on February 03, 2014, 01:05:39 AM If you want to gamble it's a good idea. If you don't want to gamble it's a bad idea. My KNCminer has found two blocks so far, if I had solo mined I would have been much richer than I am now. But it could have also found no blocks at all, it's impossible to predict. KNCminer! yea, you'd find several blocks alright, all orphaned. Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: Danglebee on February 03, 2014, 07:47:10 AM Sad day if user can no solo mine use "small" 2TH unit.
:( Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: oxfardk on February 03, 2014, 09:30:03 AM Quote If I could start solo mining TODAY with 2TH machine, what would my chances be of finding a block? Nothing really serious estimating a month before you hit anythingTitle: Re: solo mining 2 TH/s - is this a bad idea? Post by: vpasic on February 03, 2014, 10:42:05 AM If you want to gamble it's a good idea. If you don't want to gamble it's a bad idea. My KNCminer has found two blocks so far, if I had solo mined I would have been much richer than I am now. But it could have also found no blocks at all, it's impossible to predict. KNCminer! yea, you'd find several blocks alright, all orphaned. that's what I try to tell them!!! IT DOESN'T WORK THAT WAY WHEN YOU SOLO MINE!!!!! By the time you solve that block, and you'll need a couple of months to solve it, it will be solved already by some pool and you will end up with orphaned block!!! big zero!!! so jakedeez do your research next time before you write something stupid! Title: Re: solo mining 2 TH/s - is this a bad idea? Post by: Sonny on February 03, 2014, 10:57:59 AM Quote If I could start solo mining TODAY with 2TH machine, what would my chances be of finding a block? Nothing really serious estimating a month before you hit anythingFYR: http://bitcoin.stackexchange.com/questions/8028/given-the-probability-of-finding-a-block-and-time-taken-can-i-infer-hashrate |