[∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! - page 406.

Kexkey

full member

Activity: 237

Merit: 100

Smile while thinking.

Quote from: -ck on April 20, 2015, 05:12:13 PM

Quote from: vipgelsi on April 20, 2015, 11:34:46 AM

Guys using pool btc calculator http://tradebtc.net/bitcalc.php

i entered 4ths and i got this

Your Average 1diff Shares per Minute: 55,879.3545 shares/min

does that means 4ths power has 55,879 in 47,610,564,513 (current difficutly) chances a minute to find a block of bitcoins?

Quote from: Mikestang on April 20, 2015, 12:34:43 PM

All shares submitted does is shows the pool you are working to solve the block. The number submitted has to do with the difficulty you are mining to the pool at. It has nothing to do with the odds of solving a block.

Yes it does mean that. That's the correlation between diff and shares. Each 1 diff share has 1 in 47billion chance of finding a block.

Hum, I'm surprised, I would have thought each 1-diff share has (MAX_DIFF - CURRENT_DIFF) in MAX_DIFF chance of finding a block, since share diff must be above current diff, not exactly current diff. Now I wonder what is the MAX_DIFF...

Mikestang

legendary

Activity: 1274

Merit: 1000

Quote from: -ck on April 20, 2015, 05:12:13 PM

Quote from: vipgelsi on April 20, 2015, 11:34:46 AM

Guys using pool btc calculator http://tradebtc.net/bitcalc.php

i entered 4ths and i got this

Your Average 1diff Shares per Minute: 55,879.3545 shares/min

does that means 4ths power has 55,879 in 47,610,564,513 (current difficutly) chances a minute to find a block of bitcoins?

Quote from: Mikestang on April 20, 2015, 12:34:43 PM

All shares submitted does is shows the pool you are working to solve the block. The number submitted has to do with the difficulty you are mining to the pool at. It has nothing to do with the odds of solving a block.

Yes it does mean that. That's the correlation between diff and shares. Each 1 diff share has 1 in 47billion chance of finding a block.

Ok, I see what you did in the explanation: Each 1 diff share has 1 in [network difficulty] chance of finding a block. I missed the 1 diff part of the post I replied to. 1 difficulty being the key, because depending what your miner difficulty is in the pool results in how many shares (at that diff) you submit.

Correct?

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: Mikestang on April 20, 2015, 01:43:14 PM

Quote from: philipma1957 on April 20, 2015, 01:37:01 PM

Quote from: Mikestang on April 20, 2015, 12:35:41 PM

Quote from: vipgelsi on April 20, 2015, 10:46:28 AM

I just saw i could rent about 125ghs for around $54 for 4 months not a bad lotto ticket.

You could buy a used S1 for about that and have 200ghs for as long as you want. I'll sell you one + psu if interested.

The power cost is missing if he rents power is 0. If he mines power is ?

Well he's not going to make his $54 back either way, so better off to own your own hardware.

not if he mines it here. but in general owning is better then renting as he can sell it off later on.

heck if he buys from you mines here for 2 months never hits but coins jump to 1000 he can sell your gear at a profit.

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: vipgelsi on April 20, 2015, 11:34:46 AM

Guys using pool btc calculator http://tradebtc.net/bitcalc.php

i entered 4ths and i got this

Your Average 1diff Shares per Minute: 55,879.3545 shares/min

does that means 4ths power has 55,879 in 47,610,564,513 (current difficutly) chances a minute to find a block of bitcoins?

Quote from: Mikestang on April 20, 2015, 12:34:43 PM

All shares submitted does is shows the pool you are working to solve the block. The number submitted has to do with the difficulty you are mining to the pool at. It has nothing to do with the odds of solving a block.

Yes it does mean that. That's the correlation between diff and shares. Each 1 diff share has 1 in 47billion chance of finding a block.

Mikestang

legendary

Activity: 1274

Merit: 1000

Quote from: philipma1957 on April 20, 2015, 01:37:01 PM

Quote from: Mikestang on April 20, 2015, 12:35:41 PM

Quote from: vipgelsi on April 20, 2015, 10:46:28 AM

I just saw i could rent about 125ghs for around $54 for 4 months not a bad lotto ticket.

You could buy a used S1 for about that and have 200ghs for as long as you want. I'll sell you one + psu if interested.

The power cost is missing if he rents power is 0. If he mines power is ?

Well he's not going to make his $54 back either way, so better off to own your own hardware.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: Mikestang on April 20, 2015, 12:35:41 PM

Quote from: vipgelsi on April 20, 2015, 10:46:28 AM

I just saw i could rent about 125ghs for around $54 for 4 months not a bad lotto ticket.

You could buy a used S1 for about that and have 200ghs for as long as you want. I'll sell you one + psu if interested.

The power cost is missing if he rents power is 0. If he mines power is ?

Mikestang

legendary

Activity: 1274

Merit: 1000

Quote from: vipgelsi on April 20, 2015, 10:46:28 AM

I just saw i could rent about 125ghs for around $54 for 4 months not a bad lotto ticket.

You could buy a used S1 for about that and have 200ghs for as long as you want. I'll sell you one + psu if interested.

Mikestang

legendary

Activity: 1274

Merit: 1000

All shares submitted does is shows the pool you are working to solve the block. The number submitted has to do with the difficulty you are mining to the pool at. It has nothing to do with the odds of solving a block.

vipgelsi

legendary

Activity: 1736

Merit: 1001

Guys using pool btc calculator http://tradebtc.net/bitcalc.php

i entered 4ths and i got this

Your Average 1diff Shares per Minute: 55,879.3545 shares/min

does that means 4ths power has 55,879 in 47,610,564,513 (current difficutly) chances a minute to find a block of bitcoins?

tia

vipgelsi

legendary

Activity: 1736

Merit: 1001

I just saw i could rent about 125ghs for around $54 for 4 months not a bad lotto ticket.

jibble

hero member

Activity: 924

Merit: 1000

Quote from: vipgelsi on April 20, 2015, 08:18:39 AM

Guys i have some questions on odds.

if i rent say a 300Ghs rig for one day. Does it submit shares every few minutes or seconds?

Say 5000 shares every 10 seconds would be 5000 to 47,610,564,513.5 odds of finding a block every 10 seconds?

anyone have a idea the average shares submitted every 10 seconds for a 300Ghs rig rented?

Or am i going about this wrong and missing something?

Also about shares is it kinda like there is 47,610,564,513.5 red shares out there and only one is the right one lets call it green share that we have to find? and that gives us odds of 1 in 47,610,564,513.5?

Tia

I didn't think shares were that important

Say the hashrate is 350ph/s

3500 th/s would be 1% of the total hashrate of the coin, giving you a 1% chance of hitting a block, over a 24 hour period there is on average 144 blocks solved, giving the person a pretty good chance of hitting a block in that 24 hours, Althou remember its maths , so it could happen were someone with 3500 th/s is mining for 3 days and hits nothing, This would be very unlucky thou with 1% total hashrate

if you wanna work out other chances start from there, so we would say 350 th/s , would be 1 in 1000 chance , you have 1 1000th of the total hashrate, which would give you a 1 in 1000 chance every block, because you will be mining for 24 hours and solving around 144 blocks . so you would have 144 chance at 1 in 1000 , 1000 divided by 144 gives you just a little less than 1 in 7 chance in that total 24 hour period of hitting a block

vipgelsi

legendary

Activity: 1736

Merit: 1001

Guys i have some questions on odds.

if i rent say a 300Ghs rig for one day. Does it submit shares every few minutes or seconds?

Say 5000 shares every 10 seconds would be 5000 to 47,610,564,513.5 odds of finding a block every 10 seconds?

anyone have a idea the average shares submitted every 10 seconds for a 300Ghs rig rented?

Or am i going about this wrong and missing something?

Also about shares is it kinda like there is 47,610,564,513.5 red shares out there and only one is the right one lets call it green share that we have to find? and that gives us odds of 1 in 47,610,564,513.5?

Tia

jibble

hero member

Activity: 924

Merit: 1000

Quote from: kano on April 19, 2015, 10:47:15 PM

Quote from: vipgelsi on April 19, 2015, 09:01:45 PM

Thanks all for the info.

This is addicting lol

Well you can work out the expected average time pretty accurately

Expected average time to find a block for 10THs is ~236days 16.25hr
So chances over 1 day is 1 in ~237

Can look it up on many web sites - including one of mine

http://tradebtc.net/bitcalc.php
The expected time is of course based on the difficulty which is currently:
D=47,610,564,513.5
So to make that many shares with T=10THs will take: D*(2^32)/T/10^12 seconds.
So that comes up with ~237 days is (currently) the expected average time for 10THs to find a block, so for 1 day of course that's 1 chance in ~237

thanks for a more accurate prediction i was using idiot maths (rounding up and down whenever)

that's much better odds than i thought

thedreamer

legendary

Activity: 1694

Merit: 1002

Go Big or Go Home.....

Quote from: kano on April 19, 2015, 10:47:15 PM

Quote from: vipgelsi on April 19, 2015, 09:01:45 PM

Thanks all for the info.

This is addicting lol

Well you can work out the expected average time pretty accurately

Expected average time to find a block for 10THs is ~236days 16.25hr
So chances over 1 day is 1 in ~237

Can look it up on many web sites - including one of mine

http://tradebtc.net/bitcalc.php
The expected time is of course based on the difficulty which is currently:
D=47,610,564,513.5
So to make that many shares with T=10THs will take: D*(2^32)/T/10^12 seconds.
So that comes up with ~237 days is (currently) the expected average time for 10THs to find a block, so for 1 day of course that's 1 chance in ~237

Way better than the lotto. Cheesy

kano

legendary

Activity: 4634

Merit: 1851

Linux since 1997 RedHat 4

Quote from: vipgelsi on April 19, 2015, 09:01:45 PM

Thanks all for the info.

This is addicting lol

Well you can work out the expected average time pretty accurately

Expected average time to find a block for 10THs is ~236days 16.25hr
So chances over 1 day is 1 in ~237

Can look it up on many web sites - including one of mine

http://tradebtc.net/bitcalc.php
The expected time is of course based on the difficulty which is currently:
D=47,610,564,513.5
So to make that many shares with T=10THs will take: D*(2^32)/T/10^12 seconds.
So that comes up with ~237 days is (currently) the expected average time for 10THs to find a block, so for 1 day of course that's 1 chance in ~237

vipgelsi

legendary

Activity: 1736

Merit: 1001

Thanks all for the info.

This is addicting lol

jibble

hero member

Activity: 924

Merit: 1000

Quote from: vipgelsi on April 19, 2015, 07:39:57 PM

Rented 10ThS for 1 day maybe i will get lucky. Grin

Best share so far 113731673.68405525

The lucky guy that found those last 2 blocks anyone have an idea his hashpower?

i would say you got a roughly 1 in 500 chance of hitting a block in the 24 hour period , It's not impossible and likely happens at least once or twice a day at least, someone with a smaller than normal hashrate hitting their own block

727miner

hero member

Activity: 543

Merit: 500

Quote from: vipgelsi on April 19, 2015, 07:39:57 PM

Rented 10ThS for 1 day maybe i will get lucky. Grin

Best share so far 113731673.68405525

The lucky guy that found those last 2 blocks anyone have an idea his hashpower?

Between 100 - 160TH. I noticed rentals on MRR are real high tonight, guess people are mining the next sha256 sh*tcoin Cheesy

ezeminer

legendary

Activity: 2212

Merit: 1118

Lie down. Have a cookie

Quote from: vipgelsi on April 19, 2015, 07:39:57 PM

Rented 10ThS for 1 day maybe i will get lucky. Grin

Best share so far 113731673.68405525

The lucky guy that found those last 2 blocks anyone have an idea his hashpower?

600-650TH was what I remember reading

vipgelsi

legendary

Activity: 1736

Merit: 1001

Rented 10ThS for 1 day maybe i will get lucky. Grin

Best share so far 113731673.68405525

The lucky guy that found those last 2 blocks anyone have an idea his hashpower?

Topic: [∞ YH] solo.ckpool.org 2% fee solo mining USA/DE 255 blocks solved! - page 406. (Read 1514889 times)