Altcoin solo-mining?

[theobtc]

At what level of difficulty is scrypt solo-mining possible for 1600K/hashes? If a coin has a difficulty of say 1, could I solo mine if effectively? Is there a way to determine based on difficulty how long X amount of hashes would take to find a block?

[altcoinex]

Even if possible, it will rarely be profitable in comparison to a solid pool.

[Lethn]

1600k/hashes I'd say is plenty but, if you're going to solo mine any low difficulty coin you need to think long term otherwise you'll just end up with the same sort of money as if you were doing pool mining on a high difficulty coin, you'll only ever really make money off mining at all these days if you do long term trading with the coins you've gathered.

The people who made the serious cash with Bitcoin and Litecoin I reckon are the ones who built up their stash when the difficulty was extremely low and then waited for a year or so for a price rise to happen.

[theobtc]

The people who made the serious cash with Bitcoin and Litecoin I reckon are the ones who built up their stash when the difficulty was extremely low and then waited for a year or so for a price rise to happen.

Good point!

[jonanon]

The people who made the serious cash with Bitcoin and Litecoin I reckon are the ones who built up their stash when the difficulty was extremely low and then waited for a year or so for a price rise to happen.

Good point!

Yeah but in this case you're going to have to make sure you're holiday the right coin 

[danetti]

1600k/hashes I'd say is plenty but, if you're going to solo mine any low difficulty coin you need to think long term otherwise you'll just end up with the same sort of money as if you were doing pool mining on a high difficulty coin, you'll only ever really make money off mining at all these days if you do long term trading with the coins you've gathered.

The people who made the serious cash with Bitcoin and Litecoin I reckon are the ones who built up their stash when the difficulty was extremely low and then waited for a year or so for a price rise to happen.

I wish I'm as positive as you are

Just stareted about a month and half ago and I'm mining some alt coins too as LTC difficulty has risen so much
Hoping it works out regardless

Tried a bit of trading but it seems I'm just too... noob for it right now lol. Cant seem to get it right

[jfloresk8]

At least you guys have the hashing power... I'm running a laptop with ~30kh/s till my radeons come in which isnt until next month T.T Can't wait till i can actually get some decent hash rates and make some money! Pretty useless mining at 30kh/s but i like at least getting some coin lol.

[ma72835]

i've just been using pools instead of solo mining because I can't ever find an OSX wallet

[jfloresk8]

i've just been using pools instead of solo mining because I can't ever find an OSX wallet

Maybe get a PC? And everywhere I've read and been told is that pool mining > solo mining in the long run.

[MrSmithMetix1]

mostly i am using a pool instead of solo