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Lahvacekmoney
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November 18, 2015, 11:11:10 PM |
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Will i hit a block with 100 TH/s rented from nicehash within 1 day?
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philipma1957
Legendary
Offline
Activity: 4256
Merit: 8572
'The right to privacy matters'
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November 18, 2015, 11:14:13 PM |
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Will i hit a block with 100 TH/s rented from nicehash within 1 day?
yes you will. or no you won't asking the question gets you that answer.
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Lahvacekmoney
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November 18, 2015, 11:19:18 PM |
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Will i hit a block with 100 TH/s rented from nicehash within 1 day?
yes you will. or no you won't asking the question gets you that answer. I think i will need 1000 TH/s ( 1 PH ??) to find a block in one day?
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madmartyk
Legendary
Offline
Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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November 18, 2015, 11:19:47 PM |
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Will i hit a block with 100 TH/s rented from nicehash within 1 day?
yes you will. or no you won't asking the question gets you that answer. I think i will need 1000 TH/s ( 1 PH ??) to find a block in one day? Or More!!
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Lahvacekmoney
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November 18, 2015, 11:24:27 PM |
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Will i hit a block with 100 TH/s rented from nicehash within 1 day?
yes you will. or no you won't asking the question gets you that answer. I think i will need 1000 TH/s ( 1 PH ??) to find a block in one day? Or More!! Yes it's depending on the luck
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-ck (OP)
Legendary
Offline
Activity: 4242
Merit: 1644
Ruu \o/
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November 18, 2015, 11:29:51 PM |
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You will currently find a block on average every 66 billion shares you mine due to the current network diff being about 66 billion. That's about 3.3PH for 24 hours. However since it is an average, there is no guarantee you will find a block, and a 37% chance you won't find a block. In other words if you rent 3.3PH for 24 hours you have a 63% chance of finding one or more blocks.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel 2% Fee Solo mining at solo.ckpool.org -ck
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Lahvacekmoney
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November 18, 2015, 11:31:59 PM |
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You will currently find a block on average every 66 billion shares you mine due to the current network diff being about 66 billion. That's about 3.3PH for 24 hours. However since it is an average, there is no guarantee you will find a block, and a 37% chance you won't find a block. In other words if you rent 3.3PH for 24 hours you have a 63% chance of finding one or more blocks.
Maybe i will rent few miners on Nicehash/mining rig rentals and start "gambling" my money joke
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Riseman
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November 19, 2015, 12:15:23 AM |
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Seems like renting enough hashpower to make a near 100% chance of finding a block costs about 25 BTC - the cost of a block reward. Or at least it should level off at this price in a free market.
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-ck (OP)
Legendary
Offline
Activity: 4242
Merit: 1644
Ruu \o/
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November 19, 2015, 12:19:41 AM |
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Maybe i will rent few miners on Nicehash/mining rig rentals and start "gambling" my money That's pretty much where the bulk of the petahash sized miners have come from on this pool.
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Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel 2% Fee Solo mining at solo.ckpool.org -ck
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kano
Legendary
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Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
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November 19, 2015, 12:45:46 AM |
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Seems like renting enough hashpower to make a near 100% chance of finding a block costs about 25 BTC - the cost of a block reward. Or at least it should level off at this price in a free market.
Using the CDF values for block finding you can see the probabilities. 0.63212055882856 100.000% 1 in 2.7
So since mining with 25BTC should get close to submitting 100% Diff shares, you expect to average 38.8% of the time taking longer than 100% ... if you mined hundreds or thousands of blocks
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Cheeseater
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November 19, 2015, 02:06:49 AM |
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You will currently find a block on average every 66 billion shares you mine due to the current network diff being about 66 billion. That's about 3.3PH for 24 hours. However since it is an average, there is no guarantee you will find a block, and a 37% chance you won't find a block. In other words if you rent 3.3PH for 24 hours you have a 63% chance of finding one or more blocks.
Well I'm up to 54,003,018,791 so I hope I'm not a 37% er
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xZork
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November 19, 2015, 02:25:35 AM Last edit: November 19, 2015, 02:32:12 AM by -ck |
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Maybe i will rent few miners on Nicehash/mining rig rentals and start "gambling" my money joke I've lost just over $150 on playing the solo game and I am not done it's much more entertaining than the gambling sites.
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madmartyk
Legendary
Offline
Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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November 19, 2015, 02:38:18 AM |
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Maybe i will rent few miners on Nicehash/mining rig rentals and start "gambling" my money joke I've lost just over $150 on playing the solo game and I am not done it's much more entertaining than the gambling sites. I'm in for a bit more than that!!
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HerbPean
Legendary
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Activity: 1638
Merit: 1005
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November 19, 2015, 03:33:23 PM |
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Finksy flagged this guy => Taking Pre-orders for vaporware. SCAM! AVOID!I warned you ;-)
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Lahvacekmoney
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November 19, 2015, 03:48:43 PM |
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Maybe i will rent few miners on Nicehash/mining rig rentals and start "gambling" my money joke I've lost just over $150 on playing the solo game and I am not done it's much more entertaining than the gambling sites. This is better than dice But still is the 50/50 to find a block.
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madmartyk
Legendary
Offline
Activity: 2702
Merit: 1030
Yes I am a pirate, 300 years too late!
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November 19, 2015, 04:08:51 PM |
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Right now I have 200 TH running, best share a bit over 3B. Keep hoping I can sneak in around the whales and score a block!!
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willi9974
Legendary
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Activity: 3570
Merit: 2821
Escrow Service
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November 19, 2015, 05:23:53 PM |
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Finksy flagged this guy => Taking Pre-orders for vaporware. SCAM! AVOID!I warned you ;-) Sorry if i make a bad feeling to you, but i don't a SCAM! If you don't wont join our BTC Lotto it is ok, but say nothing that is not real! Best Regards Willi
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Mikestang
Legendary
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Activity: 1274
Merit: 1000
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November 19, 2015, 05:31:12 PM |
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This is better than dice But still is the 50/50 to find a block. I don't think it's 50/50 to solve a block, unless you mean it the way Grumio from Plebs does: "It's fifty-fifty, either I win or I don't." Tough to beat that logic.
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