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Author Topic: Newbie question: At what Ghas/Sec it is good to go solo  (Read 556 times)
newtooca
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April 01, 2013, 11:43:39 PM
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Right now i have 1.4Ghaash/sec..i am planning to make it around 5 Ghash/Sec by this weekend then another 3 Ghash/sec added in another week..By what time a person should make hte transition from pool to solo any idea or inputs??

V
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panda1
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April 01, 2013, 11:48:31 PM
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150-200 GHash maybe.
ltcminer
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April 02, 2013, 12:51:58 AM
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My personal pref to go solo is when I can have above 55% chance of solving a block in about 24 to 30 hours.  Otherwise, pool mining is a better choice for more consistent return. Again, just personal pref.

BTC:1C74xSoFhvSfZ3XmRHN6m1zE9kTfy3zDKi
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DannyHamilton
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April 02, 2013, 01:55:19 AM
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By what time a person should make hte transition from pool to solo any idea or inputs??

To answer that question you need two other pieces of information besides your own hash rate.  You need to know what the current total network hash rate is, and you need to know how long you are willing to wait to find a block.

Are you interested in solo mining if you are likely to find a block once every 1,000 years?  How about once every 10 years?  Once per year?  Twice per year? Every month? Every week? Every day? Hour?

ltcminer
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April 02, 2013, 01:58:19 AM
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I assume you don't have access to asic hardware. If that's the case, welcome to litecoin mining Smiley You can still fly solo on a few video cards, and should be able to land a block in about two days.

BTC:1C74xSoFhvSfZ3XmRHN6m1zE9kTfy3zDKi
LTC:LKF4itBPY3TdRL1AdpBXLHCdybZSKk2Rho
newtooca
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April 02, 2013, 03:10:51 AM
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I assume you don't have access to asic hardware. If that's the case, welcome to litecoin mining Smiley You can still fly solo on a few video cards, and should be able to land a block in about two days.

and hows the litecoin so far...i see BC is used many places then Litecoin.....
newtooca
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April 02, 2013, 03:36:19 AM
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My personal pref to go solo is when I can have above 55% chance of solving a block in about 24 to 30 hours.  Otherwise, pool mining is a better choice for more consistent return. Again, just personal pref.

and how do you get that  % Huh

V
ltcminer
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April 02, 2013, 11:57:44 AM
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regarding the probability, there is litecoin calculator on the web that you can use to estimate the amount of time it take to have a reasonable chance of solving a block.

BTC:1C74xSoFhvSfZ3XmRHN6m1zE9kTfy3zDKi
LTC:LKF4itBPY3TdRL1AdpBXLHCdybZSKk2Rho
vitalemontea
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April 02, 2013, 12:05:04 PM
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Don't think you should go solo with your current rate.
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