4 ms·
How many machines would you need to be sure that you actually mine a block in a given year? AFAIK its a stochastic process right? I think I calculated once tha
by mpfundstein 9y ago
How many machines would you need to be sure that you actually mine a block in a given year? AFAIK its a stochastic process right?
I think I calculated once that , given the current hash power, you'd need about 20 miners in order to have P(you mine a block within a year) close to 1.
Can you confirm/discard my conclusion?
I'd post my calculations but I don't have it here at work!
- sudhirj 9y agoDon't all fleets mine as pools these days? You put your hash capacity in a pool, and if any machine in the pool mines successfully the BTC is shared according to contributed capacity.
- mrb 9y agoThat's right, at current diff (1931e9) you need about 19 S9s (14 TH/s each) to mine a block in a year: 19 × 14e12 × 3600 × 24 × 365 / (2^32 × 1931e9) = 1.01
- golergka 9y agoMine pools.