solo mining ltc, is luck still involved?

[rocketron]

hi all,

I am currently mining ltc in a pool with 1500 hashes,

i was thinking on takeing a gamble and solo mine for a few weeks,

I am just wondering if a block can still be found with the hashes i have, im not taking probability here but all i want to know is it still possible to find one even if the chances are very low.

[Boxman90]

I once oblitterated a 54M block with a hash of 1.something Billion

So yes, it is certainly possible, with any miner. It'll just statistically take longer and longer as the difficulty grows.

[miffman]

1.5khash will take pretty long no doubt, but there is always that slight chance

[Amph]

u can do it, last week i found a block with my cpu, mining primcoin, in only 20 hours

[rocketron]

cheers guys, i feel like taking a gamble haha,

does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc..

[miffman]

cheers guys, i feel like taking a gamble haha,

does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc..

I think your probability gets higher as time goes, but difficulty spikes don't help with that

[shtako]

cheers guys, i feel like taking a gamble haha,

does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc..

Time don't matter. I would advice against solo mining with that hashrate. The variance is to high. If you want to gamble sports betting is more fun.  

[INSeed]

cheers guys, i feel like taking a gamble haha,

does time come into account with finding a block, eg is it possible to find one after a day, or a week, or will it technically take day 30 days etc..

Time don't matter. I would advice against solo mining with that hashrate. The variance is to high. If you want to gamble sports betting is more fun.  

+1
You can also buy a lottery ticket, you might have more luck and rewards

[rocketron]

this is what most people say, its an impossibility, but then you do hear of people willing to take a risk, and they hit blocks against all odds

at current diff my expected block time is 73 days,

if i could get one in half that, that would be great, at current diff pool mining would be under 20 ltc,

its risky but i think its still a possibility,

to anyone who is intrested in how i get on, watch this thread and see if i can become one of those odds beating solos

[shtako]

this is what most people say, its an impossibility, but then you do hear of people willing to take a risk, and they hit blocks against all odds

Its not impossible to hit blocks. But solo mining with that hashrate is not smart because of the huge variance. You might find 2 blocks the first week, but on the other hand you might not find a block the first 200 days. Your rig might burn after 100 days without a single block. Its just gambling to solo mine.

[rocketron]

well thats very true, however im going to take the gamble.

heat issues are not a problem for me, as I have the gpus watercooled and connected to a 1080 rad and a water chiller.

[shtako]

well thats very true, however im going to take the gamble.

heat issues are not a problem for me, as I have the gpus watercooled and connected to a 1080 rad and a water chiller.

Good luck then. Hope you do well 

[PenAndPaper]

hi all,

I am currently mining ltc in a pool with 1500 hashes,

i was thinking on takeing a gamble and solo mine for a few weeks,

I am just wondering if a block can still be found with the hashes i have, im not taking probability here but all i want to know is it still possible to find one even if the chances are very low.

Yes a block can be found with your 1500 hashes but on average it will take years.