As a newbie I'am wondering about solo mining. You know in a pool you can discover yourself one, two, three blocks .. but the reward is split so your random chance is not rewarded.
Personnaly I tried an ETP Metaverse pool before two days it showed that I have found 2 blocks (6 ETP BReward versus 1 payed out according to the pool reward law)
Let's go solo, on some new promising coin blockchain, like, hum, electroneum(xmr), pirl, musicoin(eth), unicorn(mam) and so on, for example.
Does anybody can tell us if it's worth spending several days to try the luck ? Let's consider you are very very lucky : even with only one 8GB GPU ?.. And with which altercrypto ?
I suppose that the more the chain is young (short), the more a newbie miner can reach the luck to find solo a block, and another ?
Your block finding frequency (or chance of finding a block) depends on the coin's difficulty;
Time to find a block in seconds = (2^32 * difficulty) / (your_hashrate_in_Mh/s * 1e6)
That is for most coins, but not all. Anyway, you can get the difficulty by using
getmininginfo in the wallet, under debug.
So for example, if your hashrate is 1000 Mh/s and the coin's difficulty is 838.9, you'll end up with 3600 seconds (e.g. 1 hour) between finding blocks
on average. The last point is very important because it ignores variance (luck) so in reality you could go even days without finding a block or you could end up finding dozens of blocks under an hour.
So it's not about jackpot, it's just simple
variance.