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Topic: Single 60GH > Solo Mining ??????? (Read 2080 times)
Satoshi Dice odds are better then solo mining...
Want to gamble with Bitcoin? Try Satoshi Dice! The odds are pretty fair over time, just like solo mining!
Thanks for all the inputs, I will stick with pool for a while.
Got single 60GH about 2 mon ago, got my ROI back and plus about 2 btc profit, with in the last 2 months my single found 2 blocks. I am thinking of going solo, please advice
If I keep mining with the pool, ATM my average btc per month will be around 1.7 btc and of course it will be lower with the dif increase, should I go solo
?
If I keep mining with the pool, ATM my average btc per month will be around 1.7 btc and of course it will be lower with the dif increase, should I go solo
?Please buy some lottery also... use your luck on something better before it ran out
If I could distribute my hashpower to 50% solo mining and 50% pool mining it'd be perfect.
Now I stick to pool mining for the time being. Hitting a block would be insane at this BTC price.
Now I stick to pool mining for the time being. Hitting a block would be insane at this BTC price.
The logic behind all of this is a fallacious post ex facto statistical fantasy. If statistics show that you "found" a block during pool mining, that doesn't mean that if you were solo mining you would've found a block. The header on the block created by your pool versus the block you would've mined solo are different, therefore the hashes would have different nonces.
Try a 1TH instead. Because its more likely you'll be struck by lightning multiple times over hitting a block.
Well that's not really true. His chances of hitting a block in a month of mining is about 1 in 14. But those still aren't good enough odds for me to recommend solo mining.This is my thoughs, I might be wrong, but this is my math
Lets say 12/24 months pool mining vs 12.24 months solo
Pool mining
12 months = 7 BTC, 7 * $375 = $2625(profit)
24 months = 10 BTC, 10 * $375 = $3750(profit)
Solo Mining
12 months = 25BTC * $375 = $9375(profit)
24 months = 25BTC * $375 = $9375(profit)
36 months found a block still make profit (may be at this time btc price is sky rocket)
It's worth doing it every other day or once a week. The longer you wait to try it the less likely you'll solve a block. Still, the estimations are only estimates. You could hit 3 blocks in one day you never know.
Try a 1TH instead. Because its more likely you'll be struck by lightning multiple times over hitting a block.
Well that's not really true. His chances of hitting a block in a month of mining is about 1 in 14. But those still aren't good enough odds for me to recommend solo mining.This is my thoughs, I might be wrong, but this is my math
Lets say 12/24 months pool mining vs 12.24 months solo
Pool mining
12 months = 7 BTC, 7 * $375 = $2625(profit)
24 months = 10 BTC, 10 * $375 = $3750(profit)
Solo Mining
12 months = 25BTC * $375 = $9375(profit)
24 months = 25BTC * $375 = $9375(profit)
36 months found a block still make profit (may be at this time btc price is sky rocket)
Try a 1TH instead. Because its more likely you'll be struck by lightning multiple times over hitting a block.
Well that's not really true. His chances of hitting a block in a month of mining is about 1 in 14. But those still aren't good enough odds for me to recommend solo mining.Did I miss something? 1 in 14 chance? Its 7% Chance to find a block with 60GHs? Did you not watch the current speed of the entire network?
1.7 btc per month is still good steady income. I wouldnt turn it to solo because in next month when difficulty is still ok for 60GH you make over 1 BTC while solo mining probably 0. I would go solo mining if the BTC amount mined at pool is not interesting anymore
Try a 1TH instead. Because its more likely you'll be struck by lightning multiple times over hitting a block.
Well that's not really true. His chances of hitting a block in a month of mining is about 1 in 14. But those still aren't good enough odds for me to recommend solo mining.Did I miss something? 1 in 14 chance? Its 7% Chance to find a block with 60GHs? Did you not watch the current speed of the entire network?
On average - it makes little difference if you are in it for the long run.
That is only true when the network is not growing or shrinking. With difficulty increasing like it has for the past 4 months it is better to pool mine as the chance for getting a block diminishes with time (not the case when the network is relatively static).
On average - it makes little difference if you are in it for the long run.
Try a 1TH instead. Because its more likely you'll be struck by lightning multiple times over hitting a block.
Well that's not really true. His chances of hitting a block in a month of mining is about 1 in 14. But those still aren't good enough odds for me to recommend solo mining. 
My one single hasn't solved a block since August.
Bobcat i feel your pain, I found EIGHT blocks within a two week period with 1.4gh/s (this was in 2012) and was going Nuts about how much "the pool was stealing from me!, Grr how dare i share those blocks that i found!" So decided to go solo for a bit, Within 14hrs i found another block, But this time it was All MINE MINE mineminemine. At this point i was happy, but wanted more, I left it on solo for two weeks and hit nothing, So i went back to the pool, a day later i found another block, Boy was i pissed.
It's really all just luck like the lottery
It's really all just luck like the lottery
Try a 1TH instead. Because its more likely you'll be struck by lightning multiple times over hitting a block.
Got single 60GH about 2 mon ago, got my ROI back and plus about 2 btc profit, with in the last 2 months my single found 2 blocks. I am thinking of going solo, please advice
If I keep mining with the pool, ATM my average btc per month will be around 1.7 btc and of course it will be lower with the dif increase, should I go solo?
If you like risk, sure. But with only 60GH/s, solo mining will be like trying to win the lottery. You could go a year and find nothing, quite easily. If I keep mining with the pool, ATM my average btc per month will be around 1.7 btc and of course it will be lower with the dif increase, should I go solo
?
Got single 60GH about 2 mon ago, got my ROI back and plus about 2 btc profit, with in the last 2 months my single found 2 blocks. I am thinking of going solo, please advice
If I keep mining with the pool, ATM my average btc per month will be around 1.7 btc and of course it will be lower with the dif increase, should I go solo?
If I keep mining with the pool, ATM my average btc per month will be around 1.7 btc and of course it will be lower with the dif increase, should I go solo
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