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As time progressed, constant development was observed concerning the crypto domain and not only in respect to Bitcoin.

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How to mine bitcoins with gpu windows Read more. September 30, Less than eight years ago, most cryptocurrencies, including Bitcoin, were mineable via PCs and inexpensive graphics processing units GPUs. Ethereum Classic ETC Although quite unpopular in the cryptocurrency domain, the original Ethereum blockchain is still profitable to an extent, concerning the mining process. Sign In Now.
Curecoin solo mining bitcoins How to calculate betting payouts

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Actually, the best way how to mine Curecoin is the asic. Anyway, if you really want to go with the computer way, try to join some miner pool. How to mine Curecoin at home? In the beginning, you can try mining Curecoin at home with your computer. Once you get more experienced in mining, you can invest in asic. That is the best way how to mine Curecoin.

But make sure to check mining profitability charts, so you are not just burning money. How to mine Curecoin on Android? Mining Curecoin on Android is straightforward. All you need to do is install an application called MinerGate. After you have installed it from Google Play Store, create an account, and you are ready to mine Curecoin on your Android.

How to mine Curecoin on iPhone? Unfortunately, it's not possible to mine Curecoin on iPhone. Apple restricts it because mining caused damage to hardware. All the applications that were mining Curecoin drained battery generated excessive heat, or put unnecessary strain on device resources, what is the reason it's now forbidden.

How to become a Curecoin miner? If you want to be a serious Curecoin miner, the first step you should do is join a miner pool. They will help you with your setup and guide you in the beginnings. Then it would be best if you bought, of course, some asic to get as much value as possible. How profitable is Curecoin mining? It's complicated to say how profitable is Curecoin mining because it varies person from person. It depends on many variables like the cost of electricity, cost of a mining setup, taxes, etc.

The best way you can do is to check the Curecoin profitability charts. They will tell you how profitable is Curecoin mining in your location. How to make a Curecoin miner? A Curecoin miner is just a computer. The main criterium you should look for is efficiency compared to electricity cost. Anyway, it's usually better to buy specialized, professional miners called ASIC. Or you can use asic, which is the best way how to mine Curecoin. I understand that the current work has to be abandoned when a block has been solved, rigth?

Is there, for example, a lag here that yields my efforts useless? Check this page: How soon might I expect to generate a block? So to find a block at this difficulty with a 1Ghash mining rig it would take you about 69 years on average.

Good Luck! As long as you're in good communication with the network and have a hashrate measured in something better than minutes per hash, yes, you technically do have a chance of successfully mining a block, even if your hashrate is tiny compared to the whole network. Then the question is, what are your chances and should you do it? I think an analogy with a lottery is apt. This is a 0. I do not think the question was about the "how long" it would take in average, but what are the odds, which is something completely different from my point o view.

If that's so then solving a block is always more about the luck than the brute force you have. Even if you have a 1GH rig, you can still find the solution quicker then 1PH pool. Question is: what are the odds that it will happen? I would expect a ration : to take place in the answer. So if the current total H-power is about 7.

Which is per a year, if the total H-power does not change and it basically does not depend on the difficulty, as the difficulty is based on total H-power. The chance you actually find a block will sadly decrease over time probably. Thing is, if you're lucky you win the lottery. And if you don't get lucky, you don't win and get nothing. The advantage of being in a pool is that you play in more lotteries, so your luck averages out.

To answer your question more directly: the long block-intervals 10 minutes are there to reduce network-lag's influence on people's ability to mine on the newest block. There's some influence, inevitably, but others endure it too. Pools can have a minor advantage if they're close together, but the miners connect through them instead of directly.

I think there'd be no difference worth mentioning. Small footnote should be made about selfish mining, if another pool is big enough they'll have a mining advantage. Smaller it'd be a disadvantage. It's not being done and I hope pools will stay spread thinly enough to make it ineffective. You can safely ignore this. It also doesn't likely matter when you're "lottery mining" you're still betting just on your own luck!

Unless you own an ASIC, of course. The beauty of Bitcoin is that it provides anyone with a chance to earn free bitcoins. No matter what statistics are used to calculate the odds of hitting the jackpot, they can never be used to predict the outcome. As we all can read in the numerous variaties and complications when it comes to calculating probabilities in the above mentioned posts, it's obvious that there will never be a mathematical model able to predict the possibilities.

There are too many variables that change continously overtime diffuclty rate, amount of miners, growing blockchain etc. Instead of focussing on mining itself you better try and find a way to reduce the cost. In that case it's cheaper then taking part in a lottery and your chances to hit the pot will be no more or less the same either way. That's why we call it luck ;. Sign up to join this community. The best answers are voted up and rise to the top.

Solo mining just for luck, realistic? Ask Question. Asked 7 years, 3 months ago. Active 4 years, 8 months ago. Viewed k times. What are the odds? Improve this question. Isac Isac 1 1 gold badge 3 3 silver badges 8 8 bronze badges. Add a comment. Active Oldest Votes.

PS: Math. Improve this answer. Luca Matteis Luca Matteis 4, 14 14 silver badges 21 21 bronze badges. Where 69 years is the expected time , it could be much quicker with luck, but likely much longer because the difficulty its constantly increasing meanwhile. Thank you. One more thing, is theory and practice the same thing in this case? Isac: In theory, theory and practice are the same.