Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day...
by patriksvensson on Monday February 15, 2021 @04:28PM
(#26147694)
Interesting, that IS slightly better than I expected, at least for Ethereum. So if we treat each block being found as a lottery "ticket" and that solo miner with a 5700xt on average can expect to mine a block ("win the lottery") once every 43 months....
For Ethereum:
1 block every 15 seconds
5760 blocks in a day
172800 in a month (30day avg)
7430400 blocks in a 43 month period.
So about 1 in 7 430 400 odds when solo mining. Pool highly recommended specially because Ethereum is moving away from the current system of mining long before 43 months from now!
For Ethereum:
1 block every 15 seconds
5760 blocks in a day
172800 in a month (30day avg)
7430400 blocks in a 43 month period.
So about 1 in 7 430 400 odds when solo mining. Pool highly recommended specially because Ethereum is moving away from the current system of mining long before 43 months from now!