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Author Topic: [SCRYPT] Probability of not solo mining a block in a period of x time?  (Read 685 times)
01BTC10 (OP)
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February 09, 2014, 07:27:21 PM
 #1

I'm actually solo mining Dogecoin with my own private MPOS pool. The CoinWarz calculator tells me that I should mine one block per 0.65days however I've been mining for 2 days without solving any block.

How could I estimate the probability of not finding a block for a period of x days ? I'm wondering if I screwed something in my pool setup.
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February 09, 2014, 07:29:46 PM
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The calculator is just an estimate... you could hit a block within 1 second, or you could never hit a block, thats how it works

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February 09, 2014, 07:31:10 PM
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The calculator is just an estimate... you could hit a block within 1 second, or you could never hit a block, thats how it works
Yes, I know but I want to calculate the probability of not finding a block for a period of x.
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February 09, 2014, 07:31:18 PM
 #4

This is a simple application of the Poisson distribution.

Lambda = Expected number of blocks per day

Prob (No blocks) = e ^ -Lambda

In your case, 1 block per 0.65 days = 1.54 blocks per day.

P(No blocks) = e^ -1.54 = 21%

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01BTC10 (OP)
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February 09, 2014, 07:37:21 PM
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Thank you sir.
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February 09, 2014, 08:07:05 PM
 #6

Oops. I got it slightly wrong; I missed the 2 days bit.

Lambda = expected number of blocks in the period

So, for 2 days, lambda = 3.08

P(No block) = e ^ -3.08 = 4.5%

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February 10, 2014, 12:42:56 PM
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Thanks, finally I was unlucky. I resumed solo mining and almost immediately got such block.  Cheesy
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