1Th/s solo mining... worth it? - page 2.

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

Quote from: zk85 on February 25, 2015, 03:11:31 PM

I am VERY new to bitcoin mining, I just wanted to ask how successful would a 1Th/s mining machine be at doing solo? how often do you think it would be able to find a block and how less would that get in a years time do you think (date needed for upgrade)?

I am not looking for money to live off of, cuz I doubt that would be possible with 1Th/s anyways, but just a bit of cash to splash around after it covers cost (got a very good deal on the machine but havent bought it yet).

Not worth mining solo if your goal is to get some btc at some point. If you don't care about getting rewarded, nothing wrong with solo mining. Otherwise, mine at a pool not solo.

zk85

newbie

Activity: 7

Merit: 0

Quote from: ezeminer on February 25, 2015, 03:39:13 PM

well you have like a 1/320,000 chance to solve a block, Based on your hash rate compared to the network. It is like a lottery so you could be extremely lucky, or waiting as one guy said, 2300 days

LOL with my luck? forget about it lol

I wonder if it would be worth it with one of them pooling websites... I just wanted to know roughly how much one can make a month with such a machine on average to understand if its a good investment or not

zk85

newbie

Activity: 7

Merit: 0

Quote from: TookDk on February 25, 2015, 03:31:51 PM

I could give you a estimate...

But as you want to be a miner, I will not be doing you a favor by doing it for you, you need to learn the basics to make your own projections:)

Try one of these classic calculators:

https://tradeblock.com/mining/ (use to be mining.thegenesisblock.com)

or

https://bitcoinwisdom.com/bitcoin/calculator

Not sure if I want to be a miner yet... Trying to find if it is worth getting into.

but thanks

ezeminer

legendary

Activity: 2212

Merit: 1118

Lie down. Have a cookie

well you have like a 1/320,000 chance to solve a block, Based on your hash rate compared to the network. It is like a lottery so you could be extremely lucky, or waiting as one guy said, 2300 days

TookDk

legendary

Activity: 1960

Merit: 1062

One coin to rule them all

I could give you a estimate...

But as you want to be a miner, I will not be doing you a favor by doing it for you, you need to learn the basics to make your own projections:)

Try one of these classic calculators:

https://tradeblock.com/mining/ (use to be mining.thegenesisblock.com)

or

https://bitcoinwisdom.com/bitcoin/calculator

zk85

newbie

Activity: 7

Merit: 0

Lol thanks guys...

so in other words...its useless? Tongue

well what if it was used on one of those pool sites? how much do u think I can make with a 1th/s? (lets forget about electricity cost for now)

quakefiend420

legendary

Activity: 784

Merit: 1000

Current diff you're looking at 2309 days, 7 hours, 27 minutes, 3 seconds

EDIT: beat me to it!

sbogovac

legendary

Activity: 2744

Merit: 1193

I don't believe in denial.

Not concidering difficulty changes and next years block reward halving it would take you an average of approx. 8 years to find 1 block.

zk85

newbie

Activity: 7

Merit: 0

I am VERY new to bitcoin mining, I just wanted to ask how successful would a 1Th/s mining machine be at doing solo? how often do you think it would be able to find a block and how less would that get in a years time do you think (date needed for upgrade)?

I am not looking for money to live off of, cuz I doubt that would be possible with 1Th/s anyways, but just a bit of cash to splash around after it covers cost (got a very good deal on the machine but havent bought it yet).

Topic: 1Th/s solo mining... worth it? - page 2. (Read 18937 times)