Author

Topic: Pool VS Solo (Read 1232 times)

legendary
Activity: 916
Merit: 1003
July 03, 2012, 10:05:21 PM
#16
I used this calculator:

http://www.wolframalpha.com/widgets/gallery/view.jsp?id=76444b3132fda0e2aca778051d776f1c

But I also did it after a beer and some single malt lol.

Suddenly it's 2 hours go figure.
legendary
Activity: 2506
Merit: 1010
July 03, 2012, 09:18:21 PM
#15
20 hours actually

Two hours, at the current difficulty.

 - http://tpbitcalc.appspot.com/
legendary
Activity: 916
Merit: 1003
July 03, 2012, 08:07:40 PM
#14
How long will 1 Terahash take to solve/find a block.

Today?  About two hours.

In "October"?  Depends on how many FPGAs ship between now and when BFL starts shipping in its initial set of ASIC units.

20 hours actually
legendary
Activity: 2506
Merit: 1010
July 03, 2012, 07:26:39 PM
#13
How long will 1 Terahash take to solve/find a block.

Today?  About two hours.

In "October"?  Depends on how many FPGAs ship between now and when BFL starts shipping in its initial set of ASIC units.
newbie
Activity: 14
Merit: 0
July 03, 2012, 07:24:18 PM
#12
How long will 1 Terahash take to solve/find a block.
legendary
Activity: 916
Merit: 1003
July 03, 2012, 06:16:59 PM
#11
A question to add for other newbies such as myself... what would be the minimum hash rate to solo mine?

Depends on how long you're willing to wait to solve a block.  At the current difficulty of 17265676 it'll take almost 3 months (2060 hours) at a 10 GH/s hash rate on average.

10x that hash rate will do it in 1/10 the time.
hero member
Activity: 882
Merit: 1005
July 03, 2012, 05:47:41 PM
#10
BFL Engineer says that the products will definitely be out by October, and yes I am anticipating the huge increase in network hash rate soon.

Thats what they always say. Lots of people are still waiting for the mini-rigs.
newbie
Activity: 30
Merit: 0
July 03, 2012, 05:43:10 PM
#9
A question to add for other newbies such as myself... what would be the minimum hash rate to solo mine?
newbie
Activity: 14
Merit: 0
July 03, 2012, 05:41:47 PM
#8
BFL Engineer says that the products will definitely be out by October, and yes I am anticipating the huge increase in network hash rate soon.
legendary
Activity: 2506
Merit: 1010
July 03, 2012, 05:05:42 PM
#7
I'm thinking of joining Deepbit with my 1-4 Terahash capacity coming soon!

Presuming your "coming soon" means when BFL starts shipping their SC product line, things may change by then.

Definitely though, there's a point that it makes more sense to mine solo, even with the variance.
sr. member
Activity: 266
Merit: 250
July 03, 2012, 04:38:03 PM
#6
I'm thinking of joining Deepbit with my 1-4 Terahash capacity coming soon!

Which would be better for me? Solo or Deepbit?
P2Pool. They are a pool, but controlled by no central authority so no 51% possibility.
hero member
Activity: 882
Merit: 1005
July 03, 2012, 04:25:49 PM
#5
PLEASE don't give 4TH to DeepBit.

Also 4TH is solo-mining time, but you may want to read up some more about mining and Bitcoin before committing that kind of money.
legendary
Activity: 916
Merit: 1003
July 03, 2012, 03:57:55 PM
#4
At 1000-4000 GH/s you're as big as the biggest pools.  I'd just go solo with hashing power like that.
sr. member
Activity: 317
Merit: 250
July 03, 2012, 03:55:01 PM
#3
If you go solo for a very long time, you will probably earn slightly more than from a pool. But with a pool, your earnings are more steady over time. I'd go with a pool. Don't know anything about dipbit though.
donator
Activity: 490
Merit: 500
July 03, 2012, 03:46:16 PM
#2
Anything is better than deepbit.

Not that I actually have anything against the guy, just that the pool gets so big it's the only one I know of that has come close to and passed the 50% mark before.  Dangerous for the networks security.
newbie
Activity: 14
Merit: 0
July 03, 2012, 03:07:56 PM
#1
I'm thinking of joining Deepbit with my 1-4 Terahash capacity coming soon!

Which would be better for me? Solo or Deepbit?
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