CATCH YOUR LUCK HOW TO

Then we start to increase the hashrate until we find the value at which the calculator shows 3 coins per day.Ĭurrently, this value is ± 17 450MH/S (17.45GH/S). We go to Whattomine, choose Ethash algorithm, check out the reward for one block – it’s 3 ETH coins. Here, for example, cool guys took 750 GH/S, playing the big game. Here, while the market price is 0.0085, there are two orders twice cheaper, and please, pay particular attention to the order with INFINITE speed, i.e., someone is ready to rent ANY number of farms for this money.Īt Nicehash you can rent capacities for different algorithms: Dagger Hashimoto for cryptocurrencies like ETH and similar, Equihash for ZEC and similar, Scrypt for LTC, SHA 256 for Bitcoin or Bitcoin Cash. Some people put a knowingly low price thinking “it may work” and based on our experience such orders work very often. Renting of capacities on Nicehash is also an art, at different times of the day the prices vary, it’s due to Nicehash being a market with sellers on the one side and buyers on another. By the way, the real players take one TH/S or more. One decides which one based on his own experience. The tactics can be different: you can send 100GH/S for an hour, or you could go for 10GH/S for 10 hours. We rent capacities on Nicehash or MiningRigRentals and direct them at the solo pool. The possibility of finding this particular block is only higher when the network difficulty of the cryptocurrency that you are mining is lower. The more mining devices you have, the higher chance you have to find the cherished block. How Can a Miner Try His Luck? Own Capacities In the perfect world, it would take ten times more time, than if you cooperate with your friend, but our world isn’t ideal. Or you can search for the block on your own, and then you get the whole $70 for yourself for the found block. You can unite with your friend and find the block together, and divide the gainings in a fair way – you get $10, and his part is $60. Let’s suppose that the reward for one block is $70. You roll each dice once and try to get six.Īpparently, your friend has much more (nine times more) chances of getting six, but it doesn’t mean you can’t win. Let’s say you have one video card, and your friend has 6-GPU Mining Rig, this is equivalent to you having one dice, and him having six dices. You are competing with the whole world, but the point doesn’t change. The process of solution searching in mining is equivalent to rolling the dice, even though it sounds strange. In real life, you can get lucky, and the number 6 will appear a few times in a row if you experiment. In the perfect world, if you roll it many times, number 6 should appear in 16,67% of cases, i.e., every sixth time (since the dice has six faces), right? Let’s imagine you are rolling the dice and you need to get 6.

CATCH YOUR LUCK HOW TO

How to Prevent Yourself From Going Broke?.Ah, don’t forget about His Majesty Bitcoin…12.5 coins or $82530! There are also lower rates, for example, a block of Pirl will give you 10 coins ($4), Ethereum Classic – 5 coins ($84). For instance, for a block of Zcash (ZEC) miner gets 10 coins (currently $2400), for a block in Ethereum network – 3 ETH coins or $900. In cases with different cryptocurrencies for each block found you get different amounts of coins. But if he calls his friends to help, and they will, there’s a chance they will find the right solution pretty fast. The difficulty of mining the most popular cryptocurrencies is so high that the miner can’t deal with it on his own. The moment fortune smiles at him and one of his devices find the right solution of the block the miner gets the reward. The GPU miner rigs or ASIC devices of one miner are going through billions of combinations searching for the desired block solution. It just happens to be that mining is also a sort of a game or a competition, in its own way.

Catch your luck