solo mining qestion | Bitcointalksearch.org

ayagle

member

Activity: 81

Merit: 10

Quote from: ineedit on January 12, 2014, 04:13:49 AM

Quote from: ayagle on January 11, 2014, 12:42:07 PM

I am still unclear on the odds of solo mining, could someone point me to the right place to figure that out, ~~besides the mining calculator?.~~. I think cgminer says difficulty is something like 200k without LP, does that mean that I would need a best share of 200k?.. thanks for any input.

p.s I have about 50-80khs..

http://www.coinwarz.com/cryptocurrency has a good set of calculators for just about all coins, and in the Summary section it will show you just how it might take to generate a block when going solo.

thanks....

ineedit

sr. member

Activity: 252

Merit: 250

Quote from: ayagle on January 11, 2014, 12:42:07 PM

I am still unclear on the odds of solo mining, could someone point me to the right place to figure that out, besides the mining calculator?.. I think cgminer says difficulty is something like 200k without LP, does that mean that I would need a best share of 200k?.. thanks for any input.

p.s I have about 50-80khs..

http://www.coinwarz.com/cryptocurrency has a good set of calculators for just about all coins, and in the Summary section it will show you just how it might take to generate a block when going solo.

ayagle

member

Activity: 81

Merit: 10

yea, sorry, I should have specified scrypt.

I guess I am in the wrong subsection, sorry,

Connected to 127.0.0.1 diff 112K without LP as user x
Block: 51225281... Diff:1 Started: [13:33:23] Best share: 8.37K

BitcoinBarrel

legendary

Activity: 2062

Merit: 1035

Fill Your Barrel with Bitcoins!

What are you mining? Some Alt coin?

Bitcoin difficulty is over 1.4 billion, so you would need a share of at least 1.4 billion to solve the block.

As far as calculators, they are a decent estimate if you have a lot of hashing power but they are not entirely accurate. You could potentially solve 2 blocks in a row or never solve a block. It's all part of the fun.

For me personally, I have my GPU miners running in a pool and I let my CPU miner run solo just for the possibility of solving a block. Estimates put my 1.2 MH/s cpu miner at solving a block in like 150,000 years but it could happen tomorrow you never know.

ayagle

member

Activity: 81

Merit: 10

I am still unclear on the odds of solo mining, could someone point me to the right place to figure that out, besides the mining calculator?.. I think cgminer says difficulty is something like 200k without LP, does that mean that I would need a best share of 200k?.. thanks for any input.

p.s I have about 50-80khs..

Topic: solo mining qestion (Read 1044 times)