What is considered the minimum hashing needed for solo mining?

[burlow]

What percent of the network should someone have for solo mining to be considered viable and not luck based?

[cloverme]

That depends on what your goals are, that's like asking "how much peanut butter is enough on sandwich?"

If you want to mine a block a day, you need about 800 Th/s.  People who use p2pool with about 1 th/s earn between 0.001 and 0.003 a day, but your mileage may vary.

[philipma1957]

well it is always luck based.  

right now to make 1 block a day  at current  diff of 17336 it takes  about 864 th


so if you have 2000 s-3's running at 430gh each at freq 212.5   you should earn 1 block that day.


the power used would be  656 k-watts an hour! or 15,744 k-watts in a day.  but  at 10 cents a k-watt  the power cost is  $1574.40  and a block is worth about 15,625 usd.

  A nice amount over   power cost…


Add in the cost of a quality solo server running for you.   a Shit   load of wires….   and the heat….     your btus are close to 2,624,000 an hour.   

 my house is 30,000 btu central air  so around 90 homes  worth of central air…….  you need a lot to do 1 block a day.

And how about you hit a cold streak and miss that block for 5 days in a row. 

[jonnybravo0311]

That depends on what your goals are, that's like asking "how much peanut butter is enough on sandwich?"

If you want to mine a block a day, you need about 800 Th/s.  People who use p2pool with about 1 th/s earn between 0.001 and 0.003 a day, but your mileage may vary.

If you're only earning between 0.001 and 0.003BTC per day on p2pool there's something wrong with your setup.  At current levels every single share is worth about 0.0017BTC.  With that 1TH/s, you should be finding between 5 and 6 shares a day, so you should have between 15 and 18 shares on the chain when a block is found, so about 0.028BTC a block, which at current network hashing rates is about every 20 hours.

[xstr8guy]

That depends on what your goals are, that's like asking "how much peanut butter is enough on sandwich?"

If you want to mine a block a day, you need about 800 Th/s.  People who use p2pool with about 1 th/s earn between 0.001 and 0.003 a day, but your mileage may vary.

If you're only earning between 0.001 and 0.003BTC per day on p2pool there's something wrong with your setup.  At current levels every single share is worth about 0.0017BTC.  With that 1TH/s, you should be finding between 5 and 6 shares a day, so you should have between 15 and 18 shares on the chain when a block is found, so about 0.028BTC a block, which at current network hashing rates is about every 20 hours.

When was the last time p2pool found a block every day for a month straight?

[jonnybravo0311]

That depends on what your goals are, that's like asking "how much peanut butter is enough on sandwich?"

If you want to mine a block a day, you need about 800 Th/s.  People who use p2pool with about 1 th/s earn between 0.001 and 0.003 a day, but your mileage may vary.

If you're only earning between 0.001 and 0.003BTC per day on p2pool there's something wrong with your setup.  At current levels every single share is worth about 0.0017BTC.  With that 1TH/s, you should be finding between 5 and 6 shares a day, so you should have between 15 and 18 shares on the chain when a block is found, so about 0.028BTC a block, which at current network hashing rates is about every 20 hours.

When was the last time p2pool found a block every day for a month straight?

Pretty sure that answer is either never or a very long time, but how is it relevant?  He made a statement that with 1TH/s on p2pool you'd expect to earn between 0.001 and 0.003BTC a day, which is incorrect.

In point of fact, the original query of this post is flawed.  No matter how much hashing power you have, it is ALWAYS luck based.

[cloverme]

My mistake, I meant 0.01 to 0.03 per day. That being said, it will still vary, when I test p2pool, a round could take 1 day, a day and a half, or two days, etc. 

Luck is subjective, yes, any miner doing any hash rate has the same chance of solving a block. I think we all know though that the party with the most network hashing power solves the most blocks. The person with the USB 1 gh/s miner might as well be the person in the parking lot of 7/11 looking at used lottery tickets in case a winner was accidently thrown away.

[jonnybravo0311]

My mistake, I meant 0.01 to 0.03 per day. That being said, it will still vary, when I test p2pool, a round could take 1 day, a day and a half, or two days, etc. 

Luck is subjective, yes, any miner doing any hash rate has the same chance of solving a block. I think we all know though that the party with the most network hashing power solves the most blocks. The person with the USB 1 gh/s miner might as well be the person in the parking lot of 7/11 looking at used lottery tickets in case a winner was accidently thrown away.

Sitting in the parking lot looking at used lottery tickets... too funny

[philipma1957]

My mistake, I meant 0.01 to 0.03 per day. That being said, it will still vary, when I test p2pool, a round could take 1 day, a day and a half, or two days, etc. 

Luck is subjective, yes, any miner doing any hash rate has the same chance of solving a block. I think we all know though that the party with the most network hashing power solves the most blocks. The person with the USB 1 gh/s miner might as well be the person in the parking lot of 7/11 looking at used lottery tickets in case a winner was accidently thrown away.

I disagree as I think   the guy picking up tickets on the floor will find some tickets worth money far more easily the the 1gh will hit a block of bitcoins.

I have found winning tickets on the floor at racetracks  2 or 3 times.  maybe 150 dollars worth all told.

[cloverme]

My mistake, I meant 0.01 to 0.03 per day. That being said, it will still vary, when I test p2pool, a round could take 1 day, a day and a half, or two days, etc. 

Luck is subjective, yes, any miner doing any hash rate has the same chance of solving a block. I think we all know though that the party with the most network hashing power solves the most blocks. The person with the USB 1 gh/s miner might as well be the person in the parking lot of 7/11 looking at used lottery tickets in case a winner was accidently thrown away.

I disagree as I think   the guy picking up tickets on the floor will find some tickets worth money far more easily the the 1gh will hit a block of bitcoins.

I have found winning tickets on the floor at racetracks  2 or 3 times.  maybe 150 dollars worth all told.

This always comes to mind when a newbie posts on here wondering whether or not the 1GHs he bought will allow him to retire early on his cryptocurrency windfall. You just know that guy ran upstairs, closed the door to keep his wife out, and started hatching his plans and looking at the private island ads in vacation homes magazine.

[FeodoroAndy]

You will need more and more, even with 800Th now that is almost 1PH after a 10-15 days. If you can keep upgrading all the time and have several data centers, than it is ok, otherwise, do not start.