Quote:
Originally Posted by rowan
That's for standalone mining, which I believe is getting a lot more difficult. A pool with an aggregate processing power measured in TERAhashes per second would have a better chance of cracking a block first?
More dodgy calcs follow...
If 57 Mhashes/sec can earn 0.06392876 BTC in 12h or 0.12785752 BTC in 24,
1340 Mhashes/sec should be capable of earning 3.00 BTC or about $74/day at current rates ($24.72/BTC)
1670 Mhashes/sec = 3.74 BTC = ~$92/day
The second URL has some interesting warnings. Will be interesting to see what happens in 2012 when the reward for solving a block halves from 50BTC to 25BTC... and if someone brings out a custom chip in the meantime, rendering the GPU solution half obsolete.
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its doesn't matter whether you are solo or pool mining, statistically over period of time it comes out to be plus minus the same. advantage of a pool that collectively pool solves blocks faster. also size of pool doesn't matter; larger pools gives you more consistent payouts with less amounts, smaller pools have more variance in solving blocks, give larger payout cut but less frequently. solo mining is not worth it unless you have over few GHashes or you are very very very patient
i bought 2 5830s (total 500-520MH) a month ago, if i were to cash out my bitcoins at todays rates, i would triple my gpu investment, that's just within first month of operation. Of course I don't know the future, tomorrow bitcoins might not worth anything, although something tells me I should hold on to them a little longer.