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Author Topic: HOW MUCH TIME DOWS IT TAKES TO MINE A BLOCK SOLO???  (Read 4939 times)
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StarofBTC
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October 25, 2015, 08:16:23 AM
 #1

hello i am eager to know how much time it takes to mine a block solo???and at what rate Huh

please post related to topic...off -topic posts will be deleted

Thank You

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October 25, 2015, 08:17:10 AM
 #2

it depend on your hash power, if you want , for example, to mine it in one day you need about 3 peta

which is 0.75% of the network total hash
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October 25, 2015, 08:30:16 AM
 #3

it depend on your hash power, if you want , for example, to mine it in one day you need about 3 peta

which 0.75% of the network total hahs

This haha. Without proper equipment, it would take you hundreds of years. Depends on the miner's capabilities and hashing power.

Also, wrong board. This should be in the mining section. Smiley

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October 25, 2015, 08:39:15 AM
 #4

but it must be said that a block a day is a very good earning per day, we are talking almost about $7.5k per day

which is near 3M salary per year, a salary of a very few peope in the entire world

electricity would be negligeable, around $300k in one year with s7 antminer and $0.05 in electricity
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October 25, 2015, 09:27:04 AM
 #5

hello i am eager to know how much time it takes to mine a block solo???and at what rate Huh

please post related to topic...off -topic posts will be deleted

Thank You

You need some serious equipment for this mate! You need your own mining farm. We are talking about 50 BTCs reward here daily. That's hell of a lot money. Like Amph has said, electricity costs here are negligible compared to how much you need invested in the asics.
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October 25, 2015, 10:45:24 AM
 #6

LOL i was mining with my notebook with 31 MH/s lolol Grin ....thanks guys for helping me out.... Smiley

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October 25, 2015, 04:22:17 PM
 #7

LOL i was mining with my notebook with 31 MH/s lolol Grin ....thanks guys for helping me out.... Smiley

You'll destroy your notebook mining.

ASIC mining hardware has made GPU mining obsolete just like GPU mining had made CPU mining obsolete about 4 years ago.

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October 25, 2015, 04:29:34 PM
 #8

LOL i was mining with my notebook with 31 MH/s lolol Grin ....thanks guys for helping me out.... Smiley

You'll destroy your notebook mining.

ASIC mining hardware has made GPU mining obsolete just like GPU mining had made CPU mining obsolete about 4 years ago.

sorry but didnt knew that much about mining......can asiic miners do vanitygen???

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October 25, 2015, 05:02:46 PM
 #9

It should be noted that while improbable, it is technically possible for any miner to solve a block. There are miners out there that solo mine with low-end miners (ub, etc) as "lottery miners" in the hopes that one day, their little low-power asic miner will solve a block.
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October 25, 2015, 05:08:15 PM
 #10

It should be noted that while improbable, it is technically possible for any miner to solve a block. There are miners out there that solo mine with low-end miners (ub, etc) as "lottery miners" in the hopes that one day, their little low-power asic miner will solve a block.

any source you have that proofs your above statement....if yes please post here...will love to see it  Smiley

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October 25, 2015, 06:00:56 PM
 #11

There's plenty of proof.  Just take a look at ck's solo pool thread: https://bitcointalk.org/index.php?topic=763510.0.  112 blocks found by solo miners.  Some with high hash rates, others with low.

It's also exceptionally easy to figure out how long you would expect it to take to find a block.  Realize that it is not a guarantee that you will find a block in that time, but that it is probable.  As has been mentioned, you could theoretically find a block mining with your CPU, or never find a block at all mining with 1PH/s of hardware.  However, it is exceptionally unlikely you will ever find a block mining with a CPU, and extremely likely that you will find a block if you had 1PH/s.

Here's the simplified version of the formula for you:
Code:
Difficulty * 2^32 / hashrate = number of seconds to find a block

So, an example.  The current network difficulty is 60883825480.  Therefore, from the above formula we can deduce the following:

31MH/s (the speed you were getting with your laptop) would take approximately 267,481 years to find a block
1PH/s would take approximately 3 days.

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October 25, 2015, 06:20:15 PM
 #12

It should be noted that while improbable, it is technically possible for any miner to solve a block. There are miners out there that solo mine with low-end miners (ub, etc) as "lottery miners" in the hopes that one day, their little low-power asic miner will solve a block.

any source you have that proofs your above statement....if yes please post here...will love to see it  Smiley
You want proof that miners "hopes" to solve a block? Smiley

Well I'm one of them running either 27 BE's or one Jalapeno solo mining in the hopes that they may one day solve a block.  Don't know if that counts as proof?  Still I don't expect to find a block and I still wouldn't recommend anyone CPU or GPU mining.  It takes too much electricity and too much wear and tear on a machine.  BE's take to much electricity too but at least they are made for the purpose of mining.
Have fun,
Sam

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October 25, 2015, 11:54:56 PM
 #13

LOL i was mining with my notebook with 31 MH/s lolol Grin ....thanks guys for helping me out.... Smiley

u cant be serious !!!  Cheesy Cheesy Cheesy
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October 26, 2015, 07:19:26 AM
 #14

LOL i was mining with my notebook with 31 MH/s lolol Grin ....thanks guys for helping me out.... Smiley

You'll destroy your notebook mining.

ASIC mining hardware has made GPU mining obsolete just like GPU mining had made CPU mining obsolete about 4 years ago.

sorry but didnt knew that much about mining......can asiic miners do vanitygen???

no but you can try to mine alt-coin, which are sha256, that have probably a low diff, because they are launched few days ago

but the profit might still be not that good
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October 27, 2015, 11:12:21 AM
 #15

I've already worn out the hard drive on two laptops mining...

I also have one laptop that is running extremely slowly xD

I cry tears of joy when it hits 10 mH/S...
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October 27, 2015, 11:24:12 AM
 #16

I've already worn out the hard drive on two laptops mining...

I also have one laptop that is running extremely slowly xD

I cry tears of joy when it hits 10 mH/S...

lol tears of joy @ 10Mh/s

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October 27, 2015, 12:04:51 PM
 #17

it depend on your hash power, if you want , for example, to mine it in one day you need about 3 peta

which is 0.75% of the network total hash

I wonder how long it would take to find a block by guessing the numbers with a pen and paper and somehow uploading it in time to the network to obtain your shares.

Anyone wanna do the math at current difficulty? Cheesy
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October 27, 2015, 12:57:02 PM
 #18

it depend on your hash power, if you want , for example, to mine it in one day you need about 3 peta

which is 0.75% of the network total hash

I wonder how long it would take to find a block by guessing the numbers with a pen and paper and somehow uploading it in time to the network to obtain your shares.

Anyone wanna do the math at current difficulty? Cheesy

lol it will take your life guessing out with pen and paper. Grin

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October 28, 2015, 03:20:20 PM
 #19

It can take from some minuts, to a lot of years or never. It depends on hash power and how lucky are you. There are users with only 500 ghs that found more than 1 block in a month and if you look with actual difficulty how much time will it take to solve 2 blocks with this amount of ghs, will see that its a lot of time.
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October 28, 2015, 06:07:35 PM
 #20

We are talking about 50 BTCs reward here daily.

That's two blocks Smiley

sorry but didnt knew that much about mining......can asiic miners do vanitygen???

They can't. Basically, maths used to compute addresses is different from maths used to mine.

It should be noted that while improbable, it is technically possible for any miner to solve a block. There are miners out there that solo mine with low-end miners (ub, etc) as "lottery miners" in the hopes that one day, their little low-power asic miner will solve a block.

Precisely...

any source you have that proofs your above statement....if yes please post here...will love to see it  Smiley

Here you have it Smiley
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