Bitcoin Forum
February 21, 2018, 11:45:06 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Solo mining time for block generation  (Read 3089 times)
littleb28
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
June 06, 2011, 06:13:08 AM
 #1

So when you are solo mining, and the time calculator says for example 4 months to discover a block, does this mean it takes four months from beginning until you discover one, or does it mean you discover blocks at random times (could be in 5 minutes could be in 5 years), but you average one every 4 months?

Sharecoin: ScX5YUNE9bPxefCY9Hm4oR2e2BiBEDRUmK
1519213506
Hero Member
*
Offline Offline

Posts: 1519213506

View Profile Personal Message (Offline)

Ignore
1519213506
Reply with quote  #2

1519213506
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
supa
Jr. Member
*
Offline Offline

Activity: 56
Merit: 0


View Profile
June 06, 2011, 06:22:27 AM
 #2

The last one - you're likely to encounter one-per-four-months on a sunny day.

Keep in mind that those are estimates and could be wildly inaccurate.

"Simple" math (overly simple) says number, on average, of blocks that contain one bounty * hashes per block / your hashes per second = seconds to find a block.

█ DECENT FOUNDATION █ ICO ⏰ 10th of September (http://decent.ch/)
Jack of Diamonds
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250



View Profile
June 06, 2011, 06:48:46 AM
 #3

Slush's pool for one shows how many blocks your miners found. I "found" 3 in the last 60 days. But it evens out statistically in the long run so you are not actually "losing" 50 BTC every time a block is found.
In fact you will probably run into very long dry spells once in a while and earn nothing for multiple weeks if you go solo. Pools are much steadier.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
sirky
Sr. Member
****
Offline Offline

Activity: 398
Merit: 250



View Profile
June 06, 2011, 11:39:15 AM
 #4

Also keep in mind the difficulty will (probably) keep increasing as time goes on, so it will be harder and harder to find a block.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!