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Beraturker (OP)
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January 20, 2016, 11:12:40 AM |
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What Is The Chance Of Finding A Solo Block With 1Th/s?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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-ck
Legendary
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Activity: 4088
Merit: 1631
Ruu \o/
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January 20, 2016, 11:18:58 AM |
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Average time for a block with 1TH is every 5634days 23hr 0min 39sec
Which means your chance of finding a block is 1 in 5635 per day at the current difficulty.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
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Beraturker (OP)
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January 20, 2016, 11:21:28 AM |
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Average time for a block with 1TH is every 5634days 23hr 0min 39sec
Which means your chance of finding a block is 1 in 5635 per day at the current difficulty.
Thanks.. And how do you calculate that? Do you have a link? |
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Elphamyto
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Merit: 16
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January 20, 2016, 11:43:47 AM |
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Laviathon
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January 20, 2016, 04:41:20 PM
Last edit: January 21, 2016, 03:04:50 AM by Laviathon |
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Like ck- said. However crazier things have happened. You have people with 20 ths mine for 6 months and not find one and you have people with 1 s5 pop a block within an hour of turning on there miner. The odds are definitely not in your favor of that happening though.
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Darwin84
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January 21, 2016, 02:33:13 AM |
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But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh
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Laviathon
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January 21, 2016, 03:03:08 AM |
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But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh
It would be amazing if those numbers come to be true. |
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AliceWonderMiscreations
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January 21, 2016, 03:13:30 AM |
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But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh
It would be amazing if those numbers come to be true. The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way. |
I hereby reserve the right to sometimes be wrong
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OneInchWonder
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January 21, 2016, 03:40:53 AM |
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Might have a better change to play the Lottery then mine solo with 1 TH.
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get.uber.com/drive/?invite_code=brianp6308ue
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Laviathon
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January 21, 2016, 04:06:37 AM |
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But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh
It would be amazing if those numbers come to be true. The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way. Its all supply and demand. It could be real possibility when you are are only getting 3 bitcoins per block find here in a few years. Those numbers are probably inflated some but it could be. We do have a non physical fiat worth about $420 a coin right now. |
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AliceWonderMiscreations
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January 21, 2016, 07:55:26 AM |
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But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh
It would be amazing if those numbers come to be true. The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way. Its all supply and demand. It could be real possibility when you are are only getting 3 bitcoins per block find here in a few years. Those numbers are probably inflated some but it could be. We do have a non physical fiat worth about $420 a coin right now. No. Bitcoin is introducing people to the concept of crypto-currency that is neither controlled nor backed by government. But by the time demand for crypto-currency in the mainstream reaches that kind of demand, there will be at least one (probably more than one) alt-coin helping to meet the demand. Kind of like AOL introduced the mainstream to the Internet but now is no longer a major player in providing Internet service. Bitcoin is the place to be now, but there is no reason why alt-coins can't provide supply to meet the growing demand once the masses grasp the concept. |
I hereby reserve the right to sometimes be wrong
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