Attempting solo mining with a hashrate of 1–4 terahashes right now is a highly optimistic idea, you’d have a better chance of finding buried treasure in the woods with a shovel.
If I were to get into it, I’d do so with a hashrate of 100–200 terahashes, but only at night when electricity is cheapest,I’d shut the equipment down during the day.
It's on this forum that I read about solo mining, and that person said that the smaller the hashrate the better unless you have extremely cheap power.
I am also confused with your answer, what do you mean by power been cheapest at night? Is there some kind of new technology that brings people power in the night? I have never heard about this before.
Someone who wants to run 100 terahash must also consider how much power they will be burning on something that may never solve block for a whole year.
Most electricity consumption occurs during the day, while usage drops at night. To encourage electricity consumption at night, utility companies offer day and night tariff rates. For me, the rate is 6 cents during the day, and 3.5 cents between 11:00 PM and 7:00 AM.
Many people set their washing machines and refrigeration equipment to run their main energy-intensive cycles during the night.
With a low hashrate in solo mining, the chances are practically zero, and if the hashrate is reduced further, mining becomes pointless.