Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: syber on March 23, 2014, 10:39:27 AM



Title: 5 TH/s finds 2 blocks in 1 year only solo mining?
Post by: syber on March 23, 2014, 10:39:27 AM
You can read the title
Anyone think the crap shot is worth it?
This is all speculation but figured it was an interesting topic.

Syber


Title: Re: 5 TH/s finds 2 blocks in 1 year only solo mining?
Post by: ajw7989 on March 23, 2014, 02:48:34 PM
I would definitely recommend solo mining with 5 TH. The network and hash rate is so huge and will only continue to grow fast with the new th miners coming out. You are betting off using a pool this way you can at least recover the electricity costs and some of the price you paid. If you happen to make ROI or close to it then want to do more riskier stuff like solo mining feel free to.


Title: Re: 5 TH/s finds 2 blocks in 1 year only solo mining?
Post by: jeppe on March 23, 2014, 03:00:38 PM
Not worth it!! have tried this in the old days without success!! best thing to do is to use a pool or set your rig up for rent.
Good luck,
JT


Title: Re: 5 TH/s finds 2 blocks in 1 year only solo mining?
Post by: ChuckBuck on March 23, 2014, 06:24:38 PM
You can read the title
Anyone think the crap shot is worth it?
This is all speculation but figured it was an interesting topic.

Syber


With the big boys yet to ship(KNC, BFL, BA, etc) it doesn't make sense to solo mine with 5 TH/s.  That's like a drop in the bucket compared to the network hash rate of over 40 Pentahash.

Crap shoot is definitely not worth it, and would be a waste of electricity costs.


Title: Re: 5 TH/s finds 2 blocks in 1 year only solo mining?
Post by: Lamber on March 23, 2014, 07:27:37 PM
Difficlty isgrowing too fast, you wont find those 2 blocks, maybe 1, if you will have a good luck.


Title: Re: 5 TH/s finds 2 blocks in 1 year only solo mining?
Post by: pdawg on March 23, 2014, 07:29:48 PM
IT's all about risk management, you can be virtually guaranteed a certain amount of profitability, vs. possibly none.