Bitcoin Forum
May 20, 2018, 10:20:06 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Difficulty, solo mining  (Read 77 times)
sz921
Jr. Member
*
Offline Offline

Activity: 34
Merit: 0

New to mining, any advise would be appreciated


View Profile
May 10, 2018, 02:20:56 PM
 #1

Hi Guys

i didnt know if i should write this post here or in bitcoin thread

so i have a general idea about difficulty levels

but what i want to know is "how do you decide to mine a coin based ondifficulty"

what is considered a good difficulty for SHA-256 SCRYPT X-11 & all other cryptos ( i have 13.5TH/s bitmain asics)

what are the benchmarks to look at when you are considering mining a coin

do you think solo mining is a good idea ???how do you know the probability of finding a block solo mining?? it is a gamble but it can still make you a ton of more money.

please feel free to send me a personal message for any additional information, im more than happy to help
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1526854806
Hero Member
*
Offline Offline

Posts: 1526854806

View Profile Personal Message (Offline)

Ignore
1526854806
Reply with quote  #2

1526854806
Report to moderator
1526854806
Hero Member
*
Offline Offline

Posts: 1526854806

View Profile Personal Message (Offline)

Ignore
1526854806
Reply with quote  #2

1526854806
Report to moderator
1526854806
Hero Member
*
Offline Offline

Posts: 1526854806

View Profile Personal Message (Offline)

Ignore
1526854806
Reply with quote  #2

1526854806
Report to moderator
manji
Full Member
***
Offline Offline

Activity: 182
Merit: 147



View Profile
May 11, 2018, 09:58:35 AM
 #2

if saw diff i think it's bad idea for Solo Mining because the diff is very high even your hash rate not up to a quarter of the global hash rate and i doubt you can find the block.

And

How long can you find the block?
a month, a year or never found a block but yes there is a luck factor

★★★ BitCloak Bitcoin Mixer |BTC & BCH| FAST MIX | API | PGP PROOF | ESCROW ★★★
Tor and Clearnet mirrors | Payouts Every 60 seconds | Cheap 2% Service Fee | The Most Advanced Mixer | Discuss More
Midcrypto
Jr. Member
*
Offline Offline

Activity: 56
Merit: 0

Mining Hardware & Hosting Solutions


View Profile WWW
May 11, 2018, 02:11:43 PM
 #3

Hi Guys

i didnt know if i should write this post here or in bitcoin thread

so i have a general idea about difficulty levels

but what i want to know is "how do you decide to mine a coin based ondifficulty"

what is considered a good difficulty for SHA-256 SCRYPT X-11 & all other cryptos ( i have 13.5TH/s bitmain asics)

what are the benchmarks to look at when you are considering mining a coin

do you think solo mining is a good idea ???how do you know the probability of finding a block solo mining?? it is a gamble but it can still make you a ton of more money.

Although difficulty is an important factor when deciding what coin to mine, it is second to many others such as upside, hype, development team and utility.

As for the Antminer S9's you have, just a few days ago a solo miner using 1 S9 found a BTC block. This was of course extremely lucky, but also extremely profitable. The most simple way to get a picture at how long finding a block will take is to utilize any mining calculator and extrapolate the data until it reaches a full block worth of coins. This is essentially how long it will take to solo mine a block. With that being said, those calculations are usually slower than what will happen in reality.

Solo mining if done correctly can be extremely profitable. A large amount of our miners operate in this fashion.

www.Midcrypto.com - The Crypto Mining Experts.
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!