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Title: If 40+ TH, solo mining... Post by: HiSoC8Y on September 08, 2014, 06:18:24 PM Ok, i'm just dreaming of 40 TH solo mining, trying to plug #s and see if it's possible.
How lucky to find blocks solo mining? Is it worth solo mining, or join a pool even with a 40+ TH? Title: Re: If 40+ TH, solo mining... Post by: Somekindabitcoin on September 08, 2014, 06:20:08 PM Join a pool. You'd make a bitcoin a day I think.
Title: Re: If 40+ TH, solo mining... Post by: DrG on September 08, 2014, 06:39:35 PM Ok, i'm just dreaming of 40 TH solo mining, trying to plug #s and see if it's possible. How lucky to find blocks solo mining? Is it worth solo mining, or join a pool even with a 40+ TH? You would make under 0.8BTC per day on average on a pool. Since a block is 25BTC currently, you have 0.8/25 or roughly a 3% chance to find a block. In 11 day difficulty you have about 1 in 3 chance before difficulty goes up, then chances drop to about 1 in 40. Stick to pool mining. Title: Re: If 40+ TH, solo mining... Post by: HiSoC8Y on September 08, 2014, 06:44:00 PM ok, but how often do normal small miners find blocks themselves solo mining? If i ask you, going through the blocks, can you tell me the last time a solo small miner found a block?
Title: Re: If 40+ TH, solo mining... Post by: jonnybravo0311 on September 08, 2014, 06:58:25 PM The formula for calculating expected time to block is:
Code: Difficulty * 2^32 / hash rate / 86400 = number of days to find a block Listen to the good doctor. That 40TH/s will expect to earn you about 0.73BTC a day in a pool. Title: Re: If 40+ TH, solo mining... Post by: DrG on September 08, 2014, 07:17:23 PM ok, but how often do normal small miners find blocks themselves solo mining? If i ask you, going through the blocks, can you tell me the last time a solo small miner found a block? To take a quote from Hillary, "What does it matter?" ;) Each miner can easily calculate their chances by dividing their hash by the network guess of about 200PH, and multiplying by 140. There is no way to confirm it but statisically barring some sort of trickery the distribution should be based on how much of the network is owned by small miners. If every home miner combined makes less than 1/5 of the network, the less than 1/5 of all solves go to small miners. Bitfury, KNC, AM and Bitmain combined are over 50% of the network. |