Mining question | Bitcointalksearch.org

beltsniffer

sr. member

Activity: 277

Merit: 250

Quote from: serje on April 18, 2017, 04:18:46 PM

So no one is willing to gamble this much to gain 6.25 BTC?

with a 0.75BTC bet on a dice site I will have a 5.6% chance if I want to win 12.5 BTC.
that divided to 2 will be 0.375 BTC ... And I really think that we will have more chances to find a block rather then win a bet like that!

Risk .75 btc on a 26 to 1 longshot that only pays 16.7 to 1. No thanks, even casinos offer better odds.

serje

legendary

Activity: 1232

Merit: 1002

So no one is willing to gamble this much to gain 6.25 BTC?

with a 0.75BTC bet on a dice site I will have a 5.6% chance if I want to win 12.5 BTC.
that divided to 2 will be 0.375 BTC ... And I really think that we will have more chances to find a block rather then win a bet like that!

italianMiner72

hero member

Activity: 910

Merit: 511

Quote from: Amph on April 17, 2017, 03:23:30 AM

i'm not doing any solo with that hash but according to the calculator around one week with 4 peta and two weeks with 2 peta

this one week and two weeks with bad luck can be easily extended to 1 month or more, better to solo only if you can find a block per day, to reduce variance, which require a bit less than 30 peta

this is just a forecast calculated at this difficulty, with your hashing power.
this is just statistic, really realistic if you are in a pool...
but unrealistic if you do SOLO MINING.
Here, the weight of the luck component, would be too high...

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: serje on April 17, 2017, 07:05:10 AM

Quote from: Amph on April 17, 2017, 03:23:30 AM

i'm not doing any solo with that hash but according to the calculator around one week with 4 peta and two weeks with 2 peta

this one week and two weeks with bad luck can be easily extended to 1 month or more, better to solo only if you can find a block per day, to reduce variance, which require a bit less than 30 peta

The owner of http://solo.ckpool.org SAID:

Code:

[09:41]  can anyone calculate the chances to fin a block in 6 hours with 4PH solo mining?
[09:41]  find*
[09:42]  one in 26
[09:44]  would you pay 0.75BTC for this chance?
[09:44]  me? only you can know what risks you're willing to take; no point asking me
[09:45]  on average that hashrate over 6 hours would only earn 0.48 btc
[09:45]  I know ... but I need a second opinion
[09:45]  it's my pool; I'll always say yes :)
[09:45]  since I want everyone to mine here
[09:50]  we slipt the costs 50-50 and also the profits?
[09:50]  me? lol no
[09:50]  find yourself another business partner
[09:50]  you dont do business with your service provider

So if anyone is interested in this little experiment let me know!

we reduce the costs to 0.375 BTC each and we might get a block in 6 hours!

And yes we will rent this shit from a mining rig rental shit!

it's too risky, you are effectively gamble there, isn't just better to try dice game or any other way, like for example investing in small alt and wait for them to increase, one every 10 will go high without much doubt

try at least to find the last result about someone that did the same thing and see if they got a block in the end, by risking more value than the possible return

serje

legendary

Activity: 1232

Merit: 1002

Quote from: Amph on April 17, 2017, 03:23:30 AM

i'm not doing any solo with that hash but according to the calculator around one week with 4 peta and two weeks with 2 peta

this one week and two weeks with bad luck can be easily extended to 1 month or more, better to solo only if you can find a block per day, to reduce variance, which require a bit less than 30 peta

The owner of http://solo.ckpool.org SAID:

Code:

[09:41]  can anyone calculate the chances to fin a block in 6 hours with 4PH solo mining?
[09:41]  find*
[09:42]  one in 26
[09:44]  would you pay 0.75BTC for this chance?
[09:44]  me? only you can know what risks you're willing to take; no point asking me
[09:45]  on average that hashrate over 6 hours would only earn 0.48 btc
[09:45]  I know ... but I need a second opinion
[09:45]  it's my pool; I'll always say yes :)
[09:45]  since I want everyone to mine here
[09:50]  we slipt the costs 50-50 and also the profits?
[09:50]  me? lol no
[09:50]  find yourself another business partner
[09:50]  you dont do business with your service provider

So if anyone is interested in this little experiment let me know!

we reduce the costs to 0.375 BTC each and we might get a block in 6 hours!

And yes we will rent this shit from a mining rig rental shit!

Amph

legendary

Activity: 3206

Merit: 1069

i'm not doing any solo with that hash but according to the calculator around one week with 4 peta and two weeks with 2 peta

this one week and two weeks with bad luck can be easily extended to 1 month or more, better to solo only if you can find a block per day, to reduce variance, which require a bit less than 30 peta

dwieyani

full member

Activity: 252

Merit: 100

I want my block is being added to make the new suit I wanted.

serje

legendary

Activity: 1232

Merit: 1002

Anyone here is solo mining on 2PH or 4PH?

If we have a yes, then I have the next question.
How much to you need to get a block?

I know it depends a lot on luck but still I would need an estimate.

Also if you use solo mining with less hashingpower tell me how much hash and the eta for 1 block!

Topic: Mining question (Read 942 times)