Solo Mining Bitcoin

[Anonymous No.58109670]

If i ran a single miner for the next 10 years with the hope of mining just 1 bitcoin, would the odds of that happening be higher than winning the lottery?

this guy seems to think so
https://youtube.com/shorts/kFgQBPtPfgc?si=_N0hetHOCKhzto1a

[Anonymous No.58109827]

>>58109670
Take the number of hash attempts your rig can do in 10 minutes and divide that by the total number of hashes done on the network over 10 minutes. Your answer is going to be a number smaller than any lottery by a few orders of magnitude but greater than zero. Multiply that by the number of blocks mined over ten years (1/6 hr * 24 * 365 * 10). Still basically zero (but not zero).

It’s probably close to the same probability an atom will spontaneously manifest from the ether in front of you.

[Anonymous No.58109859]

>>58109827
every month there's usually at least one person with a single antminer that mines a bitcoin

[Anonymous No.58109929]

Its just not worth even trying. The hardware + electric + opportunity cost is too high. I used to have a farm of workstations that ran cpu miners at night. I even switched that service off a while after the first ASICs came out. The only one i know thats kinda worth solo mining right now is chia because the hardware is cheap, the electric is cheap, so its little cost and you still have a shot at winning, but the downside is chia is only worth $40. IMO if you're gonna gamble just go to a casino. The lottery pays more than a block anyway, too, so thats a bad comparison. Mine wownero, its profitable right now. Then if you want to gamble trade that for other shit coins.

[Anonymous No.58110050]

>>58109859
Assuming there’s 100,000,000 ant miners running and yours is exactly average in terms of th/s you’d have a 1/100,000,000 shot at any one time. But i think its a misleading statistic in that while once a month A solo miner mines a btc thats a lot different from predicting a specific rig will be the one to mine a btc.

At the end of the day its still a chance and it does help secure the network so i say go for it. But you are definitely better off just using the $ to buy bitcoin now. When you buy a bitcoin for say $65000 you are basically fronting the electricity cost it would have taken to mine that bitcoin but it’s guaranteed you end up with a btc instead of possibly mining over 10 years, spending the $65k on electricity and still not mining one. In ten years the $65k you spent now will be worth far less and the btc worth far more given the time-value of money.

[Anonymous No.58110220]

>>58109670
Want some drink?

[Anonymous No.58110260]

>>58109670
there was a guy that mined a block with one of those shitty usb miners not too long ago. of course it's possible, but the odds are like buying a lottery ticket

[Anonymous No.58110916]

mining isn't even profitable for top miners. they have to be subsidized just to be competitive.