After 24 hours pool mining @nut2pools I am a bit disappointed about my rewards, because they are much lower than I have expected.
24 hours mining @732 kh/s gave me 120000 LOTs
I have monitored the difficulty over this time and the difficulty was between 1 and 1,5 on average.
Using this calculator (
http://www.virtualnet.hr/lottocoin-mining-calc/) with 730 kh/s and a difficulty of 1.5, it calculates between 275k-390k coins per day depending on the projected rewards per block, so 2x-3x more coins than I got.
Why is that? I thought with the combined bigger hashrate of a pool the factor luck is decreasing and you get rewards which are closer of that what is estimated.
Because of this I have decided to give solo mining a try.
If I have solo mined the last 24 hours, my rewards had been much better than pool mining.
Using the litecoin mining calculator (
https://www.litecoinpool.org/calc) only for calculating the expected time per block by setting
hashrate @730 kh/s
difficulty @1.5
it shows me a expected time per block of 2 hours 27 min. So lets say with a bit of bad luck I would need 4 hours on average for mining one block of 32896 coins (average of 256 and 65536 coins per block, superblocks excluded).
So my estimated coins should be 197376 (32896*24/4) referring to a worse case, but they would be still much higher than with pool mining.
Pls correct me, if that's wrong calculated.
On these grounds I will try solo mining. Do you think it's still profitable for me with 730 kh/s if the difficulty rises to 2-3?
And could you please confirm that I have typed in everything correctly? I'm a bit unsure, because it's my first time solo mining.
This is my lottocoin.conf (do I have to replace the "*" with a specific number or is it right?)
saved @ C:\Users\Phil\AppData\Roaming\LottoCoin
And this is my setting on guiminer
If I press start it starts mining without an error, so it works correctly?
And do I have to put my wallet address (LkB53APhKZnWfkfvjZx2hZDLGG7rXf8aKg) somewhere, that my guiminer knows whereto send the rewards?
Thanks a lot for answering!
Phil