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Topic: What Is The Chance Of Finding A Solo Block? (Read 3310 times)

full member
Activity: 182
Merit: 107
January 21, 2016, 02:55:26 AM
#11
But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh

It would be amazing if those numbers come to be true.

The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way.

Its all supply and demand.  It could be real possibility when you are are only getting 3 bitcoins per block find here in a few years.   Those numbers are probably inflated some but it could be.   We do  have a non physical fiat worth about $420 a coin right now.

No. Bitcoin is introducing people to the concept of crypto-currency that is neither controlled nor backed by government. But by the time demand for crypto-currency in the mainstream reaches that kind of demand, there will be at least one (probably more than one) alt-coin helping to meet the demand. Kind of like AOL introduced the mainstream to the Internet but now is no longer a major player in providing Internet service.

Bitcoin is the place to be now, but there is no reason why alt-coins can't provide supply to meet the growing demand once the masses grasp the concept.
sr. member
Activity: 481
Merit: 264
BCMonster.com BTC ZEN HUSH KMD ARRR VRSC ACH RFOX
But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh

It would be amazing if those numbers come to be true.

The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way.

Its all supply and demand.  It could be real possibility when you are are only getting 3 bitcoins per block find here in a few years.   Those numbers are probably inflated some but it could be.   We do  have a non physical fiat worth about $420 a coin right now.
full member
Activity: 206
Merit: 100
January 20, 2016, 10:40:53 PM
#9
Might have a better change to play the Lottery then mine solo with 1 TH.
full member
Activity: 182
Merit: 107
January 20, 2016, 10:13:30 PM
#8
But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh

It would be amazing if those numbers come to be true.

The only way they could come to be true is if the dollar is worth a lot less. In today's dollar, no way.
sr. member
Activity: 481
Merit: 264
BCMonster.com BTC ZEN HUSH KMD ARRR VRSC ACH RFOX
January 20, 2016, 10:03:08 PM
#7
But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh

It would be amazing if those numbers come to be true.
full member
Activity: 196
Merit: 100
January 20, 2016, 09:33:13 PM
#6
But don't forget in 15 years when you find a block BTC will be about $1.2mill so $30 mill is still a winning proposition. unless power goes to $100/kwh
sr. member
Activity: 481
Merit: 264
BCMonster.com BTC ZEN HUSH KMD ARRR VRSC ACH RFOX
January 20, 2016, 11:41:20 AM
#5
Like ck-  said. However crazier things have happened.  You have people with 20 ths mine for 6 months and not find one and you have people with 1 s5 pop a block within an hour of turning on there miner.  The odds are definitely not in your favor of that happening though.
sr. member
Activity: 308
Merit: 250
January 20, 2016, 06:21:28 AM
#3
Average time for a block with 1TH is every 5634days 23hr 0min 39sec
Which means your chance of finding a block is 1 in 5635 per day at the current difficulty.

Thanks.. And how do you calculate that?
Do you have a link?
-ck
legendary
Activity: 4088
Merit: 1631
Ruu \o/
January 20, 2016, 06:18:58 AM
#2
Average time for a block with 1TH is every 5634days 23hr 0min 39sec
Which means your chance of finding a block is 1 in 5635 per day at the current difficulty.
sr. member
Activity: 308
Merit: 250
January 20, 2016, 06:12:40 AM
#1
What Is The Chance Of Finding A Solo Block With 1Th/s?
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