ASIC Mining, Pool or Solo?

[magnum962]

Hi all,

I am hoping to buy into the following:

https://bitcointalk.org/index.php?topic=200067.0

At what hashrate would it be OK to go for Solo mining instead of Pool mining?

Thanks.

[mikal]

Pool is almost always a better choice if you want to get anything. You can find calculators that show you average time to get the first block (like http://www.bitcoinx.com/profit/). At a few GH/s it is months on average. And difficulty still goes up.

[J35st3r]

Solo mining risks orphaned blocks (no money!) unless you are very well connected to the rest of the bitcoin hashing network. Don't even consider it unless you have an enormous hash rate.

But answering your main point. Current nethash is around 120THash/sec, solving a block every 10 minutes. Just work backwards from how often you want to solve a block. Once per day needs around 1THash. 50GHash may solve one block a month.