I didn't understand a thing.
With only 6.5 mh/s hashrate in solo mining, I calculate approximatively 65 hours to find a block. ( the network hashrate is 6.5 gh/s so I have 1000 times less )
But this profit calculator gives 12 hours :
https://grlc.herokuapp.com/What is the right mat to calculate the block find time reward given the hashrate in solo ?
Is it a waste of time given this low hashrate ? I'm trying for the first time solo mining, but I begin to think I will never find any blocks..
6.5 MH/s is 6500 KH/s so ~12 hours isn't unreasonable when you're 1/1000 of the network. ~12 hours is just the average by which you'd mine a block in Garlicoin if you were 1/1000 of the entire hashing power. The coin has a block time of 40 seconds and the calculation is based on that. 1000 blocks in Garlicoin need 11.11(...) hours to be mined based on the target of 40 seconds. (40*1000)/(60*60)=1.11(...) which is ([block time target]/[1000 blocks])/[(seconds in a munute)*(minutes in an hour)].
Does it make more sense how?
Also, 6.5 MH/s is a lot of computing power. But garlicoin's mining network isn't all that huge.
You'r my man
Very clear now !
So, you think I can try solo given my 6.5 MH/s, and having hope of finding a block during next days ? And consider stopping pool mining given the low garlic network hashrate compared to other 'big' coins ?
Cause yeah, I would not want to loose a lot of days without findind anything, and mining for nothing.. :/
See my edit in the above post. You can try it if you feel lucky but there's no guarantee averages will work out for you. You could go 150% the average calculated time or much, much more (even if the difficulty stayed the same) without hitting ANY blocks. Even pools are affected by luck in mining but it's averaging out through time to a very small percentage due to them owning a big proportion of the hash rate.
Independent miners usually choose pool mining to stay closer to the average and not depend on luck. 1/1000 of the network's hashrate is solo-mining worthy, meaning that it makes more sense to solo mine in such a network other than in bigger ones. But with GRLC being so new I think that it's even more of a gamble to solo mine because the coin's uncertain future. In my opinion, you'd better use a pool if what you want to do is get some coins, there are certain ones with low or even no fees. See:
http://pools.garlicoin.fun/Oh, and consider that renting is another option:
Lots of people keep getting GRLC rigs to hash for them these days. I can guide you through signing up to the mining rig rentals platform if you need help.
You're welcome (and Tips appreciated.
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