At current difficulty, it takes ~52,000 shares to make 1 BTC at BTCguild, which charges 5% for PPS.
To make 52,000 shares daily, you need ~2,650MH/s/24hours. Hope this helps.
Topic: Looking to find the threshold.. (Read 729 times)
It takes on average (difficulty)*2^32 hashes to solve a block.
Related:
- http://en.bitcoin.it/wiki/Difficulty#What_network_hash_rate_results_in_a_given_difficulty.3F
It takes on average (difficulty)*2^32 hashes to solve a block.
A block is worth the block reward (currently 50 BTC + <1 BTC in tx fees.
Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC.
You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount).
One involves time. You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second.
More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day.
Your accurate math strains my brainA block is worth the block reward (currently 50 BTC + <1 BTC in tx fees.
Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC.
You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount).
One involves time. You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second.
More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day.
It takes on average (difficulty)*2^32 hashes to solve a block.
A block is worth the block reward (currently 50 BTC + <1 BTC in tx fees.
Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC.
You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount).
One involves time. You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second.
More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day.
A block is worth the block reward (currently 50 BTC + <1 BTC in tx fees.
Thus avg hashes per 1 BTC = (difficulty)*2^32 / 50 BTC.
You can't compare MH/s (which is a rate, MegaHashes per second) to BTC (which is a fixed amount).
One involves time. You can multiply MH/s by 1 second and get hashes in a second and thus the BTC in a second.
More usefully you can take the MH/s * 60*60 * 24 to get the hashes in one day and then determine the avg BTC earned in one day.
I am a bit of a mathematical mind, and I wish to find the threshold/point of intersection where an average Mh/s / Gh/s to realworld currency.
So.. how many hashes does it require to make 1 bitcoin?
And yes, for those who are curious, I will post the equations and graphs after I am done.
So.. how many hashes does it require to make 1 bitcoin?
And yes, for those who are curious, I will post the equations and graphs after I am done.
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