Solo Mining ETH with 6 Rigs?

[dschwartz0815]

Hey guys!

I've been mining in pools for a while now going after Bulwark, Ethereum, and zCash at different times as difficulty and coin prices fluxuate but I'm now pondering the idea of taking my 6 rigs (and more coming) to solo mine after a single coin.  I should mention my rigs feature 6 1070 Ti's

1) How do I setup solo mining?
2) Would it be profitable?

Thanks in advance!

[SubutaiKHAN]

What's your total hashrate?

I would say solo mining is probably not as profitable with something like ETH, maybe a smaller cryptonote coin?

[dhouse]

Hey guys!

I've been mining in pools for a while now going after Bulwark, Ethereum, and zCash at different times as difficulty and coin prices fluxuate but I'm now pondering the idea of taking my 6 rigs (and more coming) to solo mine after a single coin.  I should mention my rigs feature 6 1070 Ti's

1) How do I setup solo mining?
2) Would it be profitable?

Thanks in advance!

some reeeally quick back-of the napkin math:

your hashrate, let's say at 30 mh/s per card, would be 1,080,000,000 h/s (30 * 36 cards * 1 million)

total hashpower is 250,331 gh/s which would be 250,331,000,000,000 h/s (giga is a billion)

so you are 1/231,787 of the hashpower. so you'd have about a 4 in a million or so chance of solving each block? a bit less?

there are about 5,875 block per day (based on last 24 hours) so that would come out to ~ 2,144,375 a year.

block reward would be about ~3.56 eth. so im totally being imprecise but you might be looking at finding 8 blocks a year, 28 eth a year? on average. the profitability, in theory, shouldn't be less than in a pool.

problem is, you could go months and months, maybe even years, without finding a single block.

[theodrim]

@dhouse, did you include uncles in your calculation? But I'm sure even with them it's still way more random than a pool.

[Swinging Phallus]

Hey guys!

I've been mining in pools for a while now going after Bulwark, Ethereum, and zCash at different times as difficulty and coin prices fluxuate but I'm now pondering the idea of taking my 6 rigs (and more coming) to solo mine after a single coin.  I should mention my rigs feature 6 1070 Ti's

1) How do I setup solo mining?
2) Would it be profitable?

Thanks in advance!

some reeeally quick back-of the napkin math:

your hashrate, let's say at 30 mh/s per card, would be 1,080,000,000 h/s (30 * 36 cards * 1 million)

total hashpower is 250,331 gh/s which would be 250,331,000,000,000 h/s (giga is a billion)

so you are 1/231,787 of the hashpower. so you'd have about a 4 in a million or so chance of solving each block? a bit less?

there are about 5,875 block per day (based on last 24 hours) so that would come out to ~ 2,144,375 a year.

block reward would be about ~3.56 eth. so im totally being imprecise but you might be looking at finding 8 blocks a year, 28 eth a year? on average. the profitability, in theory, shouldn't be less than in a pool.

problem is, you could go months and months, maybe even years, without finding a single block.

In my opinion that seems accurate. Although Luck really does come in to play more so than often. If I were in a position to have 6 rigs I would be sticking to a pool just for the sake of consistency.

[manji]

can do and profitable, with the parameter using luck with a solved block but the question is how long you can be got block? that's it the problem. if the analogy, you have a Hashrate from the half a global hashrate, it's also not enough to get the block because of must compete with a Hashrate from other Pool.
On a math count, the Hashrate you have can't solo mining. but if the count is a luck, of course, it isn't impossible you be got the block.

[timikulit]

Hey guys!

I've been mining in pools for a while now going after Bulwark, Ethereum, and zCash at different times as difficulty and coin prices fluxuate but I'm now pondering the idea of taking my 6 rigs (and more coming) to solo mine after a single coin.  I should mention my rigs feature 6 1070 Ti's

1) How do I setup solo mining?
2) Would it be profitable?

Thanks in advance!

6 Rigs are so small to perform solo mining. The reply of dhouse is the closest computation for your expected ETH per year (28). However the increasing difficulty and the reward per each block reduction are not added to that so you might earn much lesser than 28 ETH per year.

If i were you, i will stay mining on pools because 6 RIGS are very small. even if its 10 RIGS its not sufficient to solo mine.

[jillscarbrough]

Hey guys!

I've been mining in pools for a while now going after Bulwark, Ethereum, and zCash at different times as difficulty and coin prices fluxuate but I'm now pondering the idea of taking my 6 rigs (and more coming) to solo mine after a single coin.  I should mention my rigs feature 6 1070 Ti's

1) How do I setup solo mining?

you can read this article:
http://cryptomining-blog.com/tag/eth-solo-mining/

2) Would it be profitable?

too very difficult to have the block with your Hashrate although all of the RIG in Modded and OC(exception). the Network Hashrate and Network difficulty is very higher. if you do of Solo Mining, you must wait 1 month or 3 month or 1 years or can also can't get the block. it's all only wasted time and your GPU only worked a free. but if it's just curious to know, how the process Solo mining, you can do it.