Topic: Solo Mining - page 2. (Read 2869 times)
I take it that solo miners aren't getting a lot in the way of transaction fees.
looking purely at statistics and probability (and taking into account the whole ethos of bitcoin being p2p) solo mining always wins over pooled.
You sure about that?
Consider on average difficulty would go up slowly. If it takes you several months or even years instead of several hours to find a block wouldnt you on average suffer from a higher difficulty for each? The same concerns when we approach new reward era. 2013 may still seem very far, but not if you are solo mining on a single videocard it isnt
.Of course, if there is a statistical difference because of that (Im not sure, Im too tired to think it through), its obviously noise compared to the inherent variability you face when mining solo, and just as irrelevant when you compare it to the fluctuations of BTC value (assuming youd cash out regularly).
Pools can have some pretty nasty bad luck streaks. I've seen some last for days and days with 60 Ghash pools. If you had that kind of luck solo mining, you'd be looking at months and months with no found blocks.
well with 2ghps it took me 2.5 months of pool mining before I found a block, by which time I had made much more than 50BTC.
looking purely at statistics and probability (and taking into account the whole ethos of bitcoin being p2p) solo mining always wins over pooled.
looking purely at statistics and probability (and taking into account the whole ethos of bitcoin being p2p) solo mining always wins over pooled.
your post does not make sense...... with 2 gig
Probability Time
Average 43 days, 15 hours, 10 minutes
50% 30 days, 5 hours, 50 minutes
95% 130 days, 17 hours, 2 minutes
which means you have a 95% chance of finding a block within 130 days....... you could go a year without finding a block.
well with 2ghps it took me 2.5 months of pool mining before I found a block, by which time I had made much more than 50BTC.
looking purely at statistics and probability (and taking into account the whole ethos of bitcoin being p2p) solo mining always wins over pooled.
looking purely at statistics and probability (and taking into account the whole ethos of bitcoin being p2p) solo mining always wins over pooled.
Im Currently solo mining for 2 days at a 1.5 G. How long with the currently difficulty take to find a block. Thanks.
When I got up to 15G. I mined solo for about 8 hours. (would avg a week to find block). after 8 hours I couldn't take it anymore and went back to the pool for the daily btc's.
I wanted to get 50 'unused' btc just the hell of it. you really dont make any/much more solo vs pooling.
JIm
difficulty will keep changing... probably in the downward direction.. so that is a small positive that
you might find a block.
i pool myself with 2.5 gh/s
you might find a block.
i pool myself with 2.5 gh/s
For a question of "how long" you should try the old calculator - http://www.alloscomp.com/bitcoin/old_calculator.php
The average for 1.5 GH/s is 2 months, but 95th% is almost 6 months. You should probably look into joining a pool. I like mining.mainframe.nl
Yeap I now have about 1.2 Ghash/s but considered it much easier to mine together as a pool.
Im Currently solo mining for 2 days at a 1.5 G. How long with the currently difficulty take to find a block. Thanks.
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