I've decided to give a try to cpuminer 2.4.3 and in console output I see 8 threads running with hashrate of 1875 khash/s each.
What are my chances in this configuration?
Any comments welcomed.
Thanks.
You will almost never mine a block on the main network. Unless you somehow live for a million plus years. Or you could be
EXTREMELY lucky.
The network is 936,068,808 GH/s = 936,068,808,000,000 KH/s
Chances of a Block: 1875 / 936,068,808,000,000 = 0.000000000002% chance
Chances of Winning the Powerball: 1 / 292,201,338 = 0.000000003% chance
If your assignment is mine bitcoins from "nowhere" you should mine with a pool, it is the only way you can generate coins. In a week you'll have the dust amount of 0.00000005, which is five satoshis.
Or find an altcoin that is CPU only to mine crypto from nowhere.
Thanks for feedback - very informative.
But you are referring to MAINNET, right?
This thread is about BITCOIN mining in TESTNET and I would appreciate I you could provide me some info about that (if you posses any):
- chances of block?
- are there any active testnet pools?
- considering the hardware I mentioned in first post, better CPU or GPU for mining?
BTW, my experiment with cpuminer 2.4.3 solo mining failed... Left it for a night and it consumed all the memory, including 4GB swap.