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Author Topic: Any solo miners here with less than 1GH/s?  (Read 2334 times)
Mousepotato
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June 20, 2011, 08:52:51 PM
 #1

I was just wondering if there's any solo miners floating around who have less than 1GH/s of hashing power.  When did you last find a block, if ever?  How long did it take? What kind of MH/s are you running at? I'm just wondering if it's even worth solo'ing at this point.

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June 20, 2011, 08:58:19 PM
 #2

Solo miner, running 440 mh/s, ran solo for a while, realized I would basically never find a block, switch to pool mining.  That is where it's at.  Especially with difficulty increases and the increase in hashing power it's better to join a pool.  I'm part of Slush's pool, http://mining.bitcoin.cz and have had really good luck in there so far.  Have not found any blocks, but have made some bit coins, and at a rate greater than what it claims I should find a block myself. 

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June 20, 2011, 09:00:46 PM
 #3

It is a gamble, the more power the more 'tickets' you are putting in the lottery.

I have a few CPU miners chugging away solo, they are not significant for pooled mining, but solo they at least have a chance of large rewards for very little hashrate, but my 1Ghash on GPUs are going to a pool.

Statistically it could take over a year for one block.. maybe never.. maybe five minutes after you turn it on.

Best deal is to setup your miners at a pool, then use a backup solo miner in case the pool goes down, that way you 'might' get a block in the downtime.


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June 20, 2011, 09:07:14 PM
 #4

Statistically it could take over a year for one block.. maybe never.. maybe five minutes after you turn it on.

All I can say is don't give up if you're solo. I was at slush for months, and one of my GPU's found 3 blocks in total while the majority stood at 0, with random single blocks spread across workers.
 
Seems like an extreme statistical anomaly, which it is (because I had up to 16 workers online) but that could be your single GPU.

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June 20, 2011, 09:33:42 PM
 #5

I've been on multiple pools with a lot of hashing power for a couple months now. I've found 0 blocks total. It's possible I just have really bad luck, but I'd still be one sad puppy if I had been hashing away on my hashpower and had nothing to show for it after all this time (I've gotten something on the order of 400BTC from pools, wish I had sold less @ $7 Sad ).
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June 20, 2011, 11:11:52 PM
 #6

I thought about solo mining with my first 1ghps miner.  In the end I went pooled and found a block in the first week of mining.  Such is life.  I couldn't possibly conclude that I would have found that block if I had been solo mining, though.  Right?  Hopefully?  Not that I care, I'm just happy to be in the game either way.
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June 21, 2011, 12:03:23 AM
 #7

not worth it, even with something like 10 GH/s, it's possible to go a full month without finding a single block if you got hit with a difficult one

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June 21, 2011, 12:32:56 AM
 #8

not worth it, even with something like 10 GH/s, it's possible to go a full month without finding a single block if you got hit with a difficult one

they're all the same difficulty. but yes, imagine you'd have to get 5 mil shares for your first block. that would take you years. and at the current difficulty 5 mil shares is not too unrealistic.

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