Just as the title says, I'm curious about the point at which it's more profitable for a miner to solo mine rather than mine in a litecoin pool or on nicehash/prohash.
If you have say 20 L3+ miners you're making about $2,500 per week -
and according to the litecoinpool calculator - the probability of generating a block of 25 coins equaling $7,100 in 7 days is almost exactly 50%.
So that leaves us with the question, does the 50% shot at $7,100 per week make it worth it to solo mine over a guaranteed $2,500 per week mining through a pool? And if not, what number of miners makes it worth it - if any number at all? Lets double that number to 40 L3+ miners, does that make it worth it? With 40 miners pool mining you're now looking at a guaranteed $5,000 per week, but solo mining you're looking at a near 75% chance of mining a block and making $7,100 per week. With 40 miners that's $20,000 guaranteed pool mining per month, or a 75% shot at $28,400 solo mining. Even if one week goes by and you don't mine a block solo mining, and you've mined one block every other week that month, you're looking at $21,300 which is still $1,300 more than if you were pool mining, and that's in the unlikely event that you don't mine a block one week (25% chance)! That doesn't even include the chance at finding extra blocks, with a near 50% chance of finding a block every 3 days!!!
What do we think? I'm interested to hear what you all have to say!
