Bitcoin Forum
May 11, 2024, 03:02:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How much hashrate do i need to solomine?  (Read 1225 times)
o3u (OP)
Sr. Member
****
Offline Offline

Activity: 393
Merit: 250


Money comes, money goes


View Profile
May 01, 2014, 06:52:03 PM
 #1

lets say i want 1-2 blocks a month
1715396579
Hero Member
*
Offline Offline

Posts: 1715396579

View Profile Personal Message (Offline)

Ignore
1715396579
Reply with quote  #2

1715396579
Report to moderator
BitcoinCleanup.com: Learn why Bitcoin isn't bad for the environment
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
JWU42
Legendary
*
Offline Offline

Activity: 1666
Merit: 1000


View Profile
May 01, 2014, 06:52:49 PM
 #2

If you are asking you shouldn't even contemplate...   Wink

With that out of the way I would want a MINUMUM hashrate that would average a block every 4-6 days -- so today around 100 Th/s.  It all really depends on your risk tolerance....

Even with an average of 4-6 days per block it could very easily be 5-6x average for "bad luck rounds".

BurtW
Legendary
*
Offline Offline

Activity: 2646
Merit: 1136

All paid signature campaigns should be banned.


View Profile WWW
May 01, 2014, 06:56:17 PM
Last edit: May 01, 2014, 07:08:21 PM by BurtW
 #3

On average there are 6 blocks per hour
6 * 24 = 144 blocks per day
30 * 144 = 4320 blocks per month

You want 2 so 2/4320 about 0.05% of the network hash rate

Network hash rate is about 66420 TH, so you would need about 66420*2/4320 = 31 TH

But remember that you have to grow your 31 TH at the same rate as the rest of the network in order to maintain your 2 blocks per month.

Follow this curve:  

http://blockchain.info/charts/hash-rate

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
Lamigo
Hero Member
*****
Offline Offline

Activity: 571
Merit: 500



View Profile
May 01, 2014, 07:55:19 PM
 #4

On average there are 6 blocks per hour
6 * 24 = 144 blocks per day
30 * 144 = 4320 blocks per month

You want 2 so 2/4320 about 0.05% of the network hash rate

Network hash rate is about 66420 TH, so you would need about 66420*2/4320 = 31 TH

But remember that you have to grow your 31 TH at the same rate as the rest of the network in order to maintain your 2 blocks per month.

Follow this curve: 

http://blockchain.info/charts/hash-rate

A side note for this.
With 0.05% of network hashrate, you are expected to get 0.05% blocks, but the probability of getting no blocks in a month is not low. Smiley

kendog77
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


View Profile
May 02, 2014, 12:08:24 AM
 #5

You'll need about 20 TH to mine 1 block per month, and about 40 TH to mine 2 blocks per month.

Good luck!  Smiley
-ck
Legendary
*
Offline Offline

Activity: 4102
Merit: 1632


Ruu \o/


View Profile WWW
May 02, 2014, 09:48:26 AM
Last edit: May 02, 2014, 10:03:24 AM by ckolivas
 #6

I would recommend the two extremes:

Either your hashrate is so small that you won't ever make anything significant and then you may as well be using it like playing the lottery, this is when you're about .00025% of the network hashrate (which is currently about 60PH, so <= 15GH).

or

You can offset the huge variance of luck by mining 5 blocks on average each diff change which means you need to be 5/2016 blocks or .25% of the network (which currently works out to >= 150TH).

Note that the absolute amount of each of these gets proportionately larger with each diff rise.

Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
TinyBBC
Member
**
Offline Offline

Activity: 63
Merit: 10


View Profile
May 06, 2014, 07:49:08 AM
 #7

Depends on which coin you want to mine, if it is Bitcoin, it's is unrealistic no matter how much hashrate you have

MY twitter is Bangel (@Bangel19)
Coef
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1000


Exhausted


View Profile
May 06, 2014, 12:01:02 PM
 #8

Depends on which coin you want to mine, if it is Bitcoin, it's is unrealistic no matter how much hashrate you have

There are in fact a few big solo-mining farms already, and they are HUGE. Smiley
FYR: https://bitcointalk.org/index.php?topic=77000.msg6422909#msg6422909

gallery2000
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


Live Stars - Adult Streaming Platform


View Profile
May 06, 2014, 03:50:20 PM
 #9

Depends on which coin you want to mine, if it is Bitcoin, it's is unrealistic no matter how much hashrate you have

There are in fact a few big solo-mining farms already, and they are HUGE. Smiley
FYR: https://bitcointalk.org/index.php?topic=77000.msg6422909#msg6422909

BTC-nugget with only 80TH/s and mined 5 blocks in 6 days?  Wow, that's some lucky miner

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!