Solo Mining with 8tb
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If I mine with 8tb that puts me at 0.03% chance to find a block. you can find 15 blocks every hour and 360 blocks a day avg block creation is around 4 minutes
EDIT: 360*0.03 = 0.108 block/day so every 10 day I should get a block every 10 days but there is variance. ~ Thanks @Blago and @RichBC !
If a avg block is around 1900 burst, I should be able to mine solo instead of pool, because for every block I find I get 1200-1300 burst so I would profit if I solo mine instead right?tell me if im right or not xd
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@HiDevin You can solo mine with any number of TB however small. On paper in the long run you will make the same amount of Burst you would on a Pool plus the addition of the pool fee, usually 0.5% - 2%.
However the smaller the number of TB you have the greater the variance in earning you will see if Mining Solo. On paper you should see about one Block a Week, however you could go a Month without seeing a Block and then get 2 in the same Day.
The gain solo Mining is the pool fee, the problem is how long you will have to wait to be better off.
Rich
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@HiDevin hmm... 360 blocks/day * 0.03% = 0.108 block/day
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@Blago sorry that's what I meant my math skills were pretty bad this morning lol
the 360*10 the 10 in the equation meant days but im skipped over something so im going to edit the post.
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@HiDevin with 8 I really suggest you pool mining
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@ccminer god it looks like you are right because the net diff rn is 30000 TB o.o
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@HiDevin start to consider solo when you will get more than 120TB
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@ccminer yep till probably when i get 14 more 8tb external HDD lol


