Bitcoin Forum
December 06, 2016, 02:14:32 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Is it still feasible to solo mine at 10gh/s?  (Read 3576 times)
critical
Full Member
***
Offline Offline

Activity: 162


View Profile
August 25, 2011, 04:30:41 PM
 #1

Is it still feasible to solo mine at 10gh/s?

Let say. I am unlucky. At this rate of 24 hours a day. What's the longest number of day I will expect for a block to be mined

Thaks
1481033672
Hero Member
*
Offline Offline

Posts: 1481033672

View Profile Personal Message (Offline)

Ignore
1481033672
Reply with quote  #2

1481033672
Report to moderator
1481033672
Hero Member
*
Offline Offline

Posts: 1481033672

View Profile Personal Message (Offline)

Ignore
1481033672
Reply with quote  #2

1481033672
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
deslok
Sr. Member
****
Offline Offline

Activity: 448


It's all about the game, and how you play it


View Profile
August 25, 2011, 04:33:35 PM
 #2

You could expect one block every other week at the current difficulty ~9 days between blocks

"If we don't hang together, by Heavens we shall hang separately." - Benjamin Franklin

If you found that funny or something i said useful i always appreciate spare change
1PczDQHfEj3dJgp6wN3CXPft1bGB23TzTM
hmblm1245
Hero Member
*****
Offline Offline

Activity: 635


View Profile
August 25, 2011, 04:45:33 PM
 #3

i often wonder myself at 4gh. Then 2 weeks goes by while pool mining and none of my workers find a block. i am great full for the 20btcs i picked up.
shivansps
Sr. Member
****
Offline Offline

Activity: 346


View Profile
August 26, 2011, 07:30:47 AM
 #4

i dont know...

in BTCMine i found a total of 7 blocks since ive started mining (at 2ghash), but my total payout is just 200btc...


1NEvmZTwLhqBgr3h7LwZap1sEHsyf3QFuv
Nivco
Newbie
*
Offline Offline

Activity: 29


View Profile
August 26, 2011, 08:00:10 AM
 #5

check this calculator...
At 4Ghash/s I gladly joined a pool (bitcoins.lc) and get regular income.
IMHO until you reach a critical hashrate, solo mining is kinda a ballsy bet. 10 Ghash/s might reach this threshold...
Test both ways for few days, you'll see !
Graet
VIP
Legendary
*
Offline Offline

Activity: 980



View Profile WWW
August 26, 2011, 11:17:49 AM
 #6

Is it still feasible to solo mine at 10gh/s?

Let say. I am unlucky. At this rate of 24 hours a day. What's the longest number of day I will expect for a block to be mined

Thaks

ozcoin had a 10,000,000+ share round, it took 10 days, we started at 80Ghash and were down to 60Ghash by time round finished
I know solo miners dont do shares but based on this (and 10,000,000 share rounds arent uncommon) you *could* be waiting a month or 2 on 10Ghash.

There are plenty of 15 -27Ghash miners on pools rather than soloing, Eligius has a 40Ghash miner- I guess they do it for a reason Smiley


| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
Isepick
Full Member
***
Offline Offline

Activity: 181


View Profile
August 26, 2011, 12:21:45 PM
 #7

Go mine another chain that is far less difficult. SolidCoins are far more profitable right now than Bitcoins, and the difficulty is low enough (9,578) that it is still feasible for a solo miner. But if you insist on sticking to straight Bitcoins, I would advise a pool. I have 6.5 Ghash and I wouldn't even attempt to mine solo on Bitcoins anymore.
Jezzz
Full Member
***
Offline Offline

Activity: 120


View Profile
August 26, 2011, 02:37:02 PM
 #8

I don't see the advantage of solo mining.  The math works out over a long enough period of time.  Sure, you'll make less BTC per block, but you'll be getting blocks more often.  So it's a wash (over enough time).  But most people like to see a steady income of BTC which is why pools are around.
3phase
Sr. Member
****
Offline Offline

Activity: 313


Third score


View Profile
August 26, 2011, 02:59:46 PM
 #9

Go mine another chain that is far less difficult. SolidCoins are far more profitable right now than Bitcoins, and the difficulty is low enough (9,578) that it is still feasible for a solo miner. But if you insist on sticking to straight Bitcoins, I would advise a pool. I have 6.5 Ghash and I wouldn't even attempt to mine solo on Bitcoins anymore.

Just to add, low difficulty and high degree of interest (Solidcoin case right now) means blocks found every 50-100 seconds. Solo mining in such an environment can be really frustrating, because again the pools will eat (invalidate) your blocks for lunch, even if you find some. Unless you have a very good connectivity to the main nodes of the P2P network, you will be better off again to go with a pool. They are much faster to announce a block and claim it.

Fiat no more.
Δοκιμάστε το http://multibit.org - Bitcoin client τώρα και στα Ελληνικά
shivansps
Sr. Member
****
Offline Offline

Activity: 346


View Profile
August 26, 2011, 03:39:26 PM
 #10

Solidcoins? wtf... we need to stop those bitcoin clones ASAP, this is getting tiredsome and its killing the market.

1NEvmZTwLhqBgr3h7LwZap1sEHsyf3QFuv
fcmatt
Legendary
*
Offline Offline

Activity: 1106


View Profile
August 26, 2011, 05:52:36 PM
 #11

Solidcoins? wtf... we need to stop those bitcoin clones ASAP, this is getting tiredsome and its killing the market.

Don't worry about them. Once they run out of greater fools wanting to be "early adopters" the price will
come down and it will no longer be more profitable then mining BTC...

Sure, some people are making good money right now, but the writing is on the wall in my opinion.
The only reason they go this far is due to bitcoin and riding it's coattails, plus spamming their propaganda
everywhere on this forum. I wonder if they are getting paid to do it, in SC of course ;-)
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!