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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Guncoin(GUN) - Officially Launched! on: May 03, 2014, 04:42:07 AM
Question for the other solo miners working this coin, are you earning the amount of coin expected based on your hash rate and the difficulty? I'm not. I am getting much less. I am just wondering if is an error in my calculations, or if something isn't working right. I've been throwing 5.25 MH/s at this for a day and a half, call it 36 hours, and have found only 6 blocks. Thats 6 hours or 21600 seconds per block @ 5.25 MH/s.

From getmininginfo I see the hash rate bouncing from 7ish to 15ish. It's 9.13 right now. The network hash rate is 232,523,288/sec right now. (at this rate I should have about 2% of the blocks @ 30 per hour = .6 per hour).

The calculation is simple, correct me if I'm wrong, but Average Time to find a block, in seconds, = 2^32 * Difficulty / HashRate. And, yes, it is an average time that can vary with 'luck'. Sometimes they come much faster, sometimes much slower. But I'm averaging 6 hours per block over 36 hours. Reworking the equation gives:

Difficulty = Average Time * HashRate / 2^32... or in my case Difficulty = 21600 * 5,250,000 / 2^23 = 26.4. This represents the average difficulty I am seeing over the 36 hours I have been mining it. Doesn't seem right... way too high....

So, am I just seeing 'bad luck' or is there an issue? Are most solo miners getting what they expect?
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