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Author Topic: from what hashrate is it considerable to solo mining  (Read 646 times)
ehmdjii
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June 21, 2011, 08:28:23 AM
 #1

hello,

i know that mining is pure luck, but once you can output a certain hashrate it might be considerable, right?

does anyone know what hashrate i would need to deliver to find a coin in at least a week?

thanks!

BTC: 1LsD5HpnX1Kfyti7CnHiVB1rjUEXGqmR2H
LTC: LQbpdMZmYyJa9bJG6NweBNxkSTfgZorkrG
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Gary13579
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June 21, 2011, 08:29:13 AM
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You cannot find a single coin, only blocks of 50. You need at least ~8-10 ghash for solo mining to become acceptable.
visburr
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June 21, 2011, 08:45:21 AM
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There's no guarantee you'll ever find 50 BTC, and there's also no guarantee that you won't find bitcoins with a single slow machine.  It's all a matter of probability, like buying a lottery ticket.  If you buy a million lottery tickets (analogous to a fast cluster), you'll have a much better probability of winning than if you buy one (analogous to a slow machine).

So yes, you need to be in the multi-Ghash/s rate to have a reasonable shot at mining, but nobody can guarantee that you'll find any within any particular timeframe, no matter how much computing power you have.
Andrey
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June 21, 2011, 10:59:49 AM
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actually nobody can guarantee you can find a block when doing pooled mining, there is a tiny little chance your pool won't find any blocks after you connect to it Smiley think about that Smiley
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June 21, 2011, 11:34:12 AM
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And remember that is more and more difficult after some days, so an acceptable hashrate today would be less acceptable the next month.
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