What are my chances in this configuration?
Any comments welcomed.
Thanks.
The network is 936,068,808 GH/s = 936,068,808,000,000 KH/s
Chances of Winning the Powerball: 1 / 292,201,338 = 0.000000003% chance
If your assignment is mine bitcoins from "nowhere" you should mine with a pool, it is the only way you can generate coins. In a week you'll have the dust amount of 0.00000005, which is five satoshis.
Or find an altcoin that is CPU only to mine crypto from nowhere.
But you are referring to MAINNET, right?
This thread is about BITCOIN mining in TESTNET and I would appreciate I you could provide me some info about that (if you posses any):
- chances of block?
- are there any active testnet pools?
- considering the hardware I mentioned in first post, better CPU or GPU for mining?
BTW, my experiment with cpuminer 2.4.3 solo mining failed... Left it for a night and it consumed all the memory, including 4GB swap.
Looks like here is some information for the testenet: https://www.biteasy.com/testnet/blocks/000000000000402c3d7403c011b1b72a778fb0a753ebe3e5a9126abdb2f65b86
testnet pools? I have no idea, the only one I knew about was ck's but sounds like it has been shut down for a while.
But, looking at some ancient posts you could try running your own testnet and mine coins
If you need to "Test a mining rig", then use Testnet in a Box (http://sourceforge.net/projects/bitcoin/files/Bitcoin/testnet-in-a-box/).
Testnet-in-a-Box has multiple advantages over the real Testnet:
1) The difficulty is 1, so you find blocks almost immediately.
2) It makes sure you don't impact either the Bitcoin network or the actual Testnet
3) It has all of the same advantages as the real Testnet.
I use Testnet-in-a-Box to actually test my mining pools, so I can verify payouts are working, shares are being handed out, etc.
I don't have to compete against anyone else, so it's perfect for doing my own development.