What if?

[Loshi]

What if Every Miner that was on all mined to one single address? what would the hashing power look like? how much would the chance to find a block be? how long would it take?

Start a thread blew on your on theory's I want to hear them!


-Loshi

[NotFuzzyWarm]

The hash rate would look like the current total running...
Time per-block would be on average <drumroll please> 10 min.
In other words, it does not change a single thing other than what address gets the rewards.
This is how Bitcoin works. Why would you think it could be any different?

[philipma1957]

yep

and I have seen 1 second back to back blocks for some of the fastest

and 2 hours or so for some of the slowest

[Loshi]

The hash rate would look like the current total running...
Time per-block would be on average <drumroll please> 10 min.
In other words, it does not change a single thing other than what address gets the rewards.
This is how Bitcoin works. Why would you think it could be any different?

mhm. neat.

[FP91G]

What if Every Miner that was on all mined to one single address? what would the hashing power look like? how much would the chance to find a block be? how long would it take?

Start a thread blew on your on theory's I want to hear them!


-Loshi

On this site you will find the value of Solo mining luck for each ASIC for solo mining.
https://www.asicminervalue.com/solo-mining

[NotFuzzyWarm]

Don't need it. Throwing the entire global hash rate at finding a block vs just a far far smaller % of it is hardly 'Solo'. At that level the difficulty algo is in charge so the average time between blocks will be <drum roll please> 10 min.

[Outhue]

If Bitcoin difficulty suddenly dropped by 50% for just one day, how do you think the network and miners would react? 

If this happens then miners will make more statoshis as blocks will be easier to hit but I wonder what could make this happen, it is only a very evil news that can make this happen and now that all eyes are on Bitcoin I doubt it.

So many billionaires are now building mining farms using excessive grid power and buying many Asic miners just to earn more Bitcoin everyday, if you really want to solo mine it's better to do it for fun, don't expect anything.

I had mine set up for my baby, and I plan to run it for 10 years to this time, my son will be 9 years going to 10years old at the time, the solo miners was gotten in his name, I want to see if he can be very lucky. If I can't leave alot of things behind for him atleast this is worth giving a try. It's a risk I am willing to take and whatever happens doesn't matter.

[philipma1957]

If Bitcoin difficulty suddenly dropped by 50% for just one day, how do you think the network and miners would react?  

go back to 2021 in the spring and look at the charts. As it happened  then.

[Loshi]

If Bitcoin difficulty suddenly dropped by 50% for just one day, how do you think the network and miners would react? 

If this happens then miners will make more statoshis as blocks will be easier to hit but I wonder what could make this happen, it is only a very evil news that can make this happen and now that all eyes are on Bitcoin I doubt it.

So many billionaires are now building mining farms using excessive grid power and buying many Asic miners just to earn more Bitcoin everyday, if you really want to solo mine it's better to do it for fun, don't expect anything.

I had mine set up for my baby, and I plan to run it for 10 years to this time, my son will be 9 years going to 10years old at the time, the solo miners was gotten in his name, I want to see if he can be very lucky. If I can't leave alot of things behind for him atleast this is worth giving a try. It's a risk I am willing to take and whatever happens doesn't matter.

thats mint to hear your mining for your son. I do not have kids currently was suppose to when i was 17 things happened was step father for a year and half so got to experience being a parent to some extent but now single and investing HEAVY and getting as many miners as i can working as much as i can so i can hit 3 BTC by doing anything by any means