Payment (if I discover a block) when solo-mining..?

[odolvlobo]

Anyway, the amount you earn from mining in a pool is expected to be about the same amount that you will earn mining solo. It is a mistake to believe that if you earn 0.00000123 mining in a pool, that you can earn more mining solo.

I haven't tried the math, but intuitively I'm not sure this is true.  Pool mining pays out based on the current block reward.  So you get a small percentage of at least 25 BTC for every block you participate in during the next three years.  Meanwhile, if your odds of finding a block while solo mining are really bad, then there is a decent chance that you won't find a block until after the reward as dropped a few times.  Therefore, for the next 3 yeaars, you'd be expending electricity at a level that is supported by a reward of at least 25 BTC for a solved block, but the actual reward you receive when you finally solve a block a few years from now may only be 12.5 BTC.

I wasn't considering costs or pool fees, just theoretical revenue. As for the block reward halving, it doesn't make a difference because it affects pool miners and solo miners identically.

[xhowlinx]

hi, I'm a noob to this..., but, I was thinking it too be so crazy a such a shame that (most)everyone can only answer every noob question with "what's your hash rate?". lol. if you don't know the answer, maybe don't reply? also, anytime someone says something about noob hash rate, if the rate is not given, then they go on about the returns vs. electricity.  too bad no one on the planet is smart enough to set up a solar farm and mining farm all at the same time? even buy a rollout panel for a 12v and some batteries and converters... there is more math here than just hash rate and local hydro cost. if your government is good... they buy your electricity from you at a higher rate than they sell it to you for. so, eliminate electricity from your equation.

just a thought.
h.

[pontiacg5]

hi, I'm a noob to this..., but, I was thinking it too be so crazy a such a shame that (most)everyone can only answer every noob question with "what's your hash rate?". lol. if you don't know the answer, maybe don't reply? also, anytime someone says something about noob hash rate, if the rate is not given, then they go on about the returns vs. electricity.  too bad no one on the planet is smart enough to set up a solar farm and mining farm all at the same time? even buy a rollout panel for a 12v and some batteries and converters... there is more math here than just hash rate and local hydro cost. if your government is good... they buy your electricity from you at a higher rate than they sell it to you for. so, eliminate electricity from your equation.

just a thought.
h.

Most of this is nonsense, especially the solar power part. Either way, what you are talking about has been discussed many times. Nobody can tell you if it is profitable for you to mine, especially not on a internet forum filled with kids.

And if noobs would provide more relevant info to start with annoying nonsenical posts would disappear. Even if they did not go away, you would always be able to spot the people with no clue. Not that it's exceptionally difficult now anyway.

[xhowlinx]

good call,
unless you are factoring in what the exchange rate for 1btc is worth atm.