Is it still feasible to solo mine at 10gh/s?

fcmatt

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Quote from: shivansps on August 26, 2011, 10:39:26 AM

Solidcoins? wtf... we need to stop those bitcoin clones ASAP, this is getting tiredsome and its killing the market.

Don't worry about them. Once they run out of greater fools wanting to be "early adopters" the price will
come down and it will no longer be more profitable then mining BTC...

Sure, some people are making good money right now, but the writing is on the wall in my opinion.
The only reason they go this far is due to bitcoin and riding it's coattails, plus spamming their propaganda
everywhere on this forum. I wonder if they are getting paid to do it, in SC of course ;-)

shivansps

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Solidcoins? wtf... we need to stop those bitcoin clones ASAP, this is getting tiredsome and its killing the market.

3phase

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Third score

Quote from: Isepick on August 26, 2011, 07:21:45 AM

Go mine another chain that is far less difficult. SolidCoins are far more profitable right now than Bitcoins, and the difficulty is low enough (9,578) that it is still feasible for a solo miner. But if you insist on sticking to straight Bitcoins, I would advise a pool. I have 6.5 Ghash and I wouldn't even attempt to mine solo on Bitcoins anymore.

Just to add, low difficulty and high degree of interest (Solidcoin case right now) means blocks found every 50-100 seconds. Solo mining in such an environment can be really frustrating, because again the pools will eat (invalidate) your blocks for lunch, even if you find some. Unless you have a very good connectivity to the main nodes of the P2P network, you will be better off again to go with a pool. They are much faster to announce a block and claim it.

Jezzz

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I don't see the advantage of solo mining. The math works out over a long enough period of time. Sure, you'll make less BTC per block, but you'll be getting blocks more often. So it's a wash (over enough time). But most people like to see a steady income of BTC which is why pools are around.

Isepick

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Go mine another chain that is far less difficult. SolidCoins are far more profitable right now than Bitcoins, and the difficulty is low enough (9,578) that it is still feasible for a solo miner. But if you insist on sticking to straight Bitcoins, I would advise a pool. I have 6.5 Ghash and I wouldn't even attempt to mine solo on Bitcoins anymore.

Graet

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Quote from: critical on August 25, 2011, 11:30:41 AM

Is it still feasible to solo mine at 10gh/s?

Let say. I am unlucky. At this rate of 24 hours a day. What's the longest number of day I will expect for a block to be mined

Thaks

ozcoin had a 10,000,000+ share round, it took 10 days, we started at 80Ghash and were down to 60Ghash by time round finished
I know solo miners dont do shares but based on this (and 10,000,000 share rounds arent uncommon) you *could* be waiting a month or 2 on 10Ghash.

There are plenty of 15 -27Ghash miners on pools rather than soloing, Eligius has a 40Ghash miner- I guess they do it for a reason

Nivco

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check this calculator...
At 4Ghash/s I gladly joined a pool (bitcoins.lc) and get regular income.
IMHO until you reach a critical hashrate, solo mining is kinda a ballsy bet. 10 Ghash/s might reach this threshold...
Test both ways for few days, you'll see !

shivansps

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i dont know...

in BTCMine i found a total of 7 blocks since ive started mining (at 2ghash), but my total payout is just 200btc...

hmblm1245

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i often wonder myself at 4gh. Then 2 weeks goes by while pool mining and none of my workers find a block. i am great full for the 20btcs i picked up.

deslok

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It's all about the game, and how you play it

You could expect one block every other week at the current difficulty ~9 days between blocks

critical

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Is it still feasible to solo mine at 10gh/s?

Let say. I am unlucky. At this rate of 24 hours a day. What's the longest number of day I will expect for a block to be mined

Thaks

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