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Author Topic: anyone hit the BTC lotto lately?  (Read 1170 times)
jjc326 (OP)
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July 15, 2014, 06:52:44 PM
 #1

Just wondering anyone solo mining who has hit the BTC lotto lately and found a block, and how many hashes you're using?  Thinking about just leaving on a small miner at home for fun, just to see what happens, but won't do it if there's no shot in heck of finding a block.  Thanks.
KimNam
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July 16, 2014, 03:38:58 AM
 #2

it might be 0.0xxx % chance at this time difficulty Sad
you can read some comments about this
https://bitcointalk.org/index.php?topic=415245.0
http://bitcoin.stackexchange.com/questions/16687/solo-mining-just-for-luck-realistic
but i can't find updated one
TheJuice
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July 16, 2014, 06:12:33 AM
 #3

I've been trying. I have 100 Ghps solomining for fun. So far nothing. I did find a block on btcguild a while back.... too bad as I've only earned 5 btc on guild, would have made a ton more solomining.

I'm considering solomining with my full 12 Thps when it comes online - save for electricity costs, which would give me a 1% shot per day!!
philipma1957
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July 16, 2014, 04:33:20 PM
 #4

I've been trying. I have 100 Ghps solomining for fun. So far nothing. I did find a block on btcguild a while back.... too bad as I've only earned 5 btc on guild, would have made a ton more solomining.

I'm considering solomining with my full 12 Thps when it comes online - save for electricity costs, which would give me a 1% shot per day!!
you should consider doing it as it may be worth while to do so.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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.. PLAY NOW ..
jonnybravo0311
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July 16, 2014, 06:47:48 PM
 #5

I've been trying. I have 100 Ghps solomining for fun. So far nothing. I did find a block on btcguild a while back.... too bad as I've only earned 5 btc on guild, would have made a ton more solomining.

I'm considering solomining with my full 12 Thps when it comes online - save for electricity costs, which would give me a 1% shot per day!!
Would you explain how you got to your conclusions, please?  At current difficulty, that 12TH/s would expect to solve a block every 72 days or so.  Expected daily earnings are about 0.35BTC.  I'm trying to figure out how you conclude that you've got a 1% chance a day to hit that block.  Thanks Smiley.

Jonny's Pool - Mine with us and help us grow!  Support a pool that supports Bitcoin, not a hardware manufacturer's pockets!  No SPV cheats.  No empty blocks.
jjc326 (OP)
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July 16, 2014, 07:12:42 PM
 #6

I've been trying. I have 100 Ghps solomining for fun. So far nothing. I did find a block on btcguild a while back.... too bad as I've only earned 5 btc on guild, would have made a ton more solomining.

I'm considering solomining with my full 12 Thps when it comes online - save for electricity costs, which would give me a 1% shot per day!!
Would you explain how you got to your conclusions, please?  At current difficulty, that 12TH/s would expect to solve a block every 72 days or so.  Expected daily earnings are about 0.35BTC.  I'm trying to figure out how you conclude that you've got a 1% chance a day to hit that block.  Thanks Smiley.

Well, you can figure out whether he's right or not.  First, how many blocks are found in a given day.  Second, how many TH/s are "used" in a given day to find the x number of blocks.  Then, how much is 12 TH/s (the amount he has) compared to the total amount "used" in a given day to find the blocks.  Then you can determine his % chance of finding a block in a given day. 

Everyone else thanks for your answers, I might try just for fun since electricity is almost free.
philipma1957
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July 16, 2014, 07:23:20 PM
 #7

I've been trying. I have 100 Ghps solomining for fun. So far nothing. I did find a block on btcguild a while back.... too bad as I've only earned 5 btc on guild, would have made a ton more solomining.

I'm considering solomining with my full 12 Thps when it comes online - save for electricity costs, which would give me a 1% shot per day!!
Would you explain how you got to your conclusions, please?  At current difficulty, that 12TH/s would expect to solve a block every 72 days or so.  Expected daily earnings are about 0.35BTC.  I'm trying to figure out how you conclude that you've got a 1% chance a day to hit that block.  Thanks Smiley.


25 btc / .35 = 71.42 to 1 chance.


  the math  works this way.  either way the power spent is the same so forget the power  …..


for a day     he spends .35 btc (what he would have earned in a pool)   


    .35btc = about 217 usd      and 25 btc = about  15500    so his chance are no better or worse  then pool mining.


and you are correct that 1/72 = 1.39 percent not 1 %



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▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
koshgel
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July 16, 2014, 08:16:46 PM
 #8

I've been trying. I have 100 Ghps solomining for fun. So far nothing. I did find a block on btcguild a while back.... too bad as I've only earned 5 btc on guild, would have made a ton more solomining.

I'm considering solomining with my full 12 Thps when it comes online - save for electricity costs, which would give me a 1% shot per day!!
Would you explain how you got to your conclusions, please?  At current difficulty, that 12TH/s would expect to solve a block every 72 days or so.  Expected daily earnings are about 0.35BTC.  I'm trying to figure out how you conclude that you've got a 1% chance a day to hit that block.  Thanks Smiley.


25 btc / .35 = 71.42 to 1 chance.


  the math  works this way.  either way the power spent is the same so forget the power  …..


for a day     he spends .35 btc (what he would have earned in a pool)   


    .35btc = about 217 usd      and 25 btc = about  15500    so his chance are no better or worse  then pool mining.


and you are correct that 1/72 = 1.39 percent not 1 %




I was thinking the odds would be worse than the actual lottery but when you present it this way it doesn't seem like too far off a probability to hit one
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