I just heard about Bitcoin recently and wanted to get an idea about how it works. Lets say that you have a machine that's capable of outputting 800mhash/sec, based on a calculator I checked using a difficulty of 434882.7217497 (I'm assuming that's today's rate), it says that such machine can generate around 1.85 BTC per day.
Now my questions are:
1- Is this amount accurate?
2- If yes, Is this based on Solo or Pool effort?
3- How much luck is involved to get that amount on daily basis? For example is it possible that you spend days earning nothing or do you approximately get that amount or close to it (more or less) per day? I'm just talking about the current difficulty level, I know in the future it might be much harder.
Any help would be appreciated.
That's how much you would earn on average.
Bitcoins come in blocks of 50, so the calculator is basically saying you'd find a block every 27 or so days.
That's based on a solo average.
There is some amount of luck involved.