mining one block with low hashrate - page 2.

mikeywith

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Quote from: safar1980 on April 22, 2023, 12:36:09 PM

The probability that this will happen to me is 0%.

I usually don't correct opinions on the internet, but I can't help myself when it comes to numbers, saying the probability is 0% is wrong, even if you mine with a pen and paper your chances will be >0%.

Quote

How can you compare a miner who has thousands of asics and a miner who has one or two old asics?

You can't, but someone managed to hit a block with a USB miner with no more than 2TH, this is as random as it gets.

One thing you need to understand is that every block hit happens from 1 single device, actually, not even the whole device, it's a single chip out of a dozen on one of the hashboards inside that miner that would hit a block, if we talk "chances" then that's a different topic, but keeping it general and asking "Is it possible to hit a block with a very low hashrate", the answer is and will always be a "YES".

safar1980

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Quote from: kelonmusk on April 22, 2023, 09:36:22 AM

In this case, possible to mine a block with a hashrate lower than mining pools. But, always important to understand that chances of successfully mining a block would be significantly lower in comparison to those with higher hashrates.

I mean, it's all about probability and luck, right?

In certain conditions, like if the mining difficulty decreases or if you have an extended period of time to mine, it might be possible for someone with a lower hashrate to mine a block. However, I must emphasize that the likelihood of this happening is quite low.

As for anyone who's mined a block with a low hashrate, I'm sure there are instances of this happening, but it's probably not very common.

I suggest you keeping in mind that the world of cryptocurrency mining is quite competitive, and those with higher hashrates and more powerful equipment generally have an advantage over those with lower hashrates.

The probability that this will happen to me is 0%. This happens very rarely with other miners, but you should not hope for this.
How can you compare a miner who has thousands of asics and a miner who has one or two old asics?
On coins for mining on video cards with a small hashrate, you can catch a block in solo if there are few miners, but this will not bring profit either, because mining on a pool can give no less profit.

kelonmusk

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In this case, possible to mine a block with a hashrate lower than mining pools. But, always important to understand that chances of successfully mining a block would be significantly lower in comparison to those with higher hashrates.

I mean, it's all about probability and luck, right?

In certain conditions, like if the mining difficulty decreases or if you have an extended period of time to mine, it might be possible for someone with a lower hashrate to mine a block. However, I must emphasize that the likelihood of this happening is quite low.

As for anyone who's mined a block with a low hashrate, I'm sure there are instances of this happening, but it's probably not very common.

I suggest you keeping in mind that the world of cryptocurrency mining is quite competitive, and those with higher hashrates and more powerful equipment generally have an advantage over those with lower hashrates.

kano

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Well the actual answer to the main question is on the bottom of my solo help web page:
https://kano.is/index.php?k=soloinfo

The Chance section.

logfiles

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Quote from: cafter on April 07, 2023, 07:06:58 AM

is it possible to mine a block with hashrate lower then mining pools(or which have very high hashrate with lot of gpu)

Mining with a lot of GPUs?

Ever tried to stake/bet on an outcome with very high odds (highly unlikely to happen)?
There is a likelihood that you will bet all your gambling life and never make that single high odd win. The same applies to solo mining bitcoin, There is a super slim chance that you will never mine a block as a solo miner, worse still if you are using GPUs.

You may just burn all the money in power, maintenance and hardware with no result.

BitMaxz

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Block halving is coming.

I don't think that you can still mine a block with GPU it would take years before it can find a block and mine it and if you are bad luck it may also turn into orphaned.

There is much news before I think last year on solo ckpool someone mined a block with a low hashrate USB miner I guess. So you still have a chance to mine a block with low hashrate but not on GPU because it can eat much power compared to ASIC-based miners. Just take note the lower the hashrate the lower the chance that you can find and mine a block.

FP91G

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Quote from: cafter on April 07, 2023, 07:06:58 AM

is it possible to mine a block with hashrate lower then mining pools(or which have very high hashrate with lot of gpu)

if, yes then in what condition it's possible. ?

and anyone mined a block by low hashrate?

It is possible if you are very lucky.

A Solo BTC Miner Validated a Block With Just 10 TH/s Hashrate
A solo Bitcoin Miner won the race of adding a block on the Bitcoin blockchain with an average hashing power of just 10 TH/s(terahashes per second).

As per reports, this miner won the race to add block 772,793 on the Bitcoin blockchain with a much smaller hashrate than other miners and institutional miners.
https://www.thecoinrepublic.com/2023/01/23/a-solo-btc-miner-validated-a-block-with-just-10-th-s-hashrate/

cafter

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is it possible to mine a block with hashrate lower then mining pools(or which have very high hashrate with lot of gpu)

if, yes then in what condition it's possible. ?

and anyone mined a block by low hashrate?

Topic: mining one block with low hashrate - page 2. (Read 415 times)