How do you figure out if you can solo mine a coin?

[robomike5777]

Hi All,

My computer is doing 832 MHs for LBC at the moment.  How do you compute if you can solo mine a currency realistically ?

Thanks !!

Mike

[dbc23]

It can be a little tough to calculate, but really it's a ratio of your hash rate, to network hash rate, while factoring in block time, you also need to consider the block reward, since if you're solo mining you would reap the entire block in one go.  Usually it takes a considerable amount of time to solo mine most profitable coins, but when they do pay out OR if you're insanely lucky it can be quite profitable.  Unfortunately, luck plays such a large role that you have to be a gambler of sorts to want to consider it.


If your % of hash is less than it would take to make by pool mining over a similar amount of time what a single block reward would be then it's not worth to solo mine, from a pure ROI standpoint.  Otherwise roll the dice and see where they fall.

[robomike5777]

Thanks dbc! 

I also found this link http://jsfiddle.net/eduncan911/UXJR5/ calculator

Caveat: difficulty changes all the time and what dbc said is also correct!

Best,

Mike