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Author Topic: Some help with an equation any pro miner out there?  (Read 529 times)
8ballcloud
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November 20, 2015, 01:09:03 AM
 #1

So basicly i will be buying 6 antminer s7 batch 8

so total has rate should be about 28+ Th/s

what are my chance on finding a block within 30 days ?

or am i better off just mining on a pool  i really like Minergate so if i mine in a pool it would probably be on that pool the   fee is 2.5% on bitcoin.



 any help will be apreciated , maybe even with a donation once i get up and running.

please excuse my english its not exacly my best trait.

Smiley
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notlist3d
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November 20, 2015, 02:02:17 AM
 #2

So basicly i will be buying 6 antminer s7 batch 8

so total has rate should be about 28+ Th/s

what are my chance on finding a block within 30 days ?

or am i better off just mining on a pool  i really like Minergate so if i mine in a pool it would probably be on that pool the   fee is 2.5% on bitcoin.



 any help will be apreciated , maybe even with a donation once i get up and running.

please excuse my english its not exacly my best trait.

Smiley

You are much better off with a pool.  With electricity and miner cost most cannot solo mine at that amount of gear.   Even though it seems big for a home to have that, it's pretty small in the overall hashrate.

So go pool mining is my advice.
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November 20, 2015, 05:47:26 AM
 #3

If my calculations are correct, you have a little over 25% chance of finding a block on the next 30 days with 28 THs but if you use it in a pool you could easily earn 6.5BTC monthly with the current difficulty so If I were you, I would go still with mining in a pool rather than taking a lottery road

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November 20, 2015, 07:32:17 AM
 #4

if the diff do not increase you should find a block in a 120 days average, but the diff will increase so the chances are much higher

with double or x3 of that power i would try solo, otherwise it's better to go with a pool
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November 20, 2015, 10:17:11 AM
 #5

So basicly i will be buying 6 antminer s7 batch 8

what are my chance on finding a block within 30 days ?



 Pretty much zero as you likely won't have the miners within those 30 days from when you posted.


 As to your real question, your chance of achieving a block solo-mining with that kind of hash rate is very very low.
 You would almost definitely be better off going with P2Pool or going with one of the major pools.

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jonnybravo0311
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November 20, 2015, 03:08:40 PM
 #6

You can very easily calculate how long it would take you to find a block knowing the hash rate and network difficulty.  The formula (at least the simplified version) is:
Code:
Difficulty * 2^32 / hash rate = time to solve a block (in seconds)
6 S7s (batch Cool gets you 28.38TH/s.  Current difficulty is 65848255179.  If you had those miners right now, we can see that it would take you:
Code:
65848255179 * 2^32 / 28380000000000 = 9965331.30699322149345
So, 115.34 days to solve a block.  Therefore, you've got about a 26.01% chance of finding a block in 30 days with that hash rate ... assuming it was mining right now.  As soon as the difficulty changes, that value changes as well.

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