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Title: Solo Mining Farm Probability Post by: FIZTONIC on November 20, 2015, 10:01:41 PM Hello Everyone, I used to be a big Bitcoin miner back in 2012 and would like to get back into it. I just had some questions about the probability of finding a block based off my current stats and was hoping perhaps someone could point me in the right direction.
I recently reloaded the FIZTONIC pool which is now in beta testing and I am running 2TH/s on it by myself. Electricity is free for me so that is not a problem, but I would like to know how long it would take for me to be able to solve a block with only 2TH/s. I know it isn't likely, but I was looking for a general estimate. It's been so long for me since I've been around. Thank you all for your help. Title: Re: Solo Mining Farm Probability Post by: -ck on November 20, 2015, 10:26:35 PM With 2TH it will take you approximately 1650 days on average to find a block at current difficulty.
Title: Re: Solo Mining Farm Probability Post by: philipma1957 on November 20, 2015, 11:42:30 PM @ op whats up with your signature?
I ask because you are listed as a newbie and if you read this thread https://bitcointalk.org/index.php?topic=1135806.0;all you may find you will be questioned about a new pool. Title: Re: Solo Mining Farm Probability Post by: FIZTONIC on November 20, 2015, 11:57:28 PM @ op whats up with your signature? I ask because you are listed as a newbie and if you read this thread https://bitcointalk.org/index.php?topic=1135806.0;all you may find you will be questioned about a new pool. Yes I was a small pool operator in 2012 and then did not have time and had to payout and close the server. I am now restarting it now that I have more time. I created an account here this morning in hopes to build trust and restart the server I used to run back then. Many people of course do not trust it but if you read this thread: https://bitcointalk.org/index.php?topic=1256779 you will see my post about the server. Title: Re: Solo Mining Farm Probability Post by: philipma1957 on November 21, 2015, 04:11:52 AM @ op whats up with your signature? I ask because you are listed as a newbie and if you read this thread https://bitcointalk.org/index.php?topic=1135806.0;all you may find you will be questioned about a new pool. Yes I was a small pool operator in 2012 and then did not have time and had to payout and close the server. I am now restarting it now that I have more time. I created an account here this morning in hopes to build trust and restart the server I used to run back then. Many people of course do not trust it but if you read this thread: https://bitcointalk.org/index.php?topic=1256779 you will see my post about the server. as -ck told you leave someone escrow funds. make an effort. To any miner reading this use some common sense please. look into some reliable pools with a track record of making payments. Title: Re: Solo Mining Farm Probability Post by: LuckyYOU on November 21, 2015, 09:21:54 PM With 2TH it will take you approximately 1650 days on average to find a block at current difficulty. Remember that this number is based on todays calculation. In prospect to the future you should at a min. of 10% - 15% to this number. IF you bought some cheap S4 (2TH) at 300 USD, it could be a waste of your money, since it's not likely that you will ever earn something substantial towards ROI. However, if your luck is to find 1 block before july 7 (the halving), your profit would be unmeasured. USD 8250 -/- your investment ;0 |