Ok. So I have a question, thanks in advance for whoever replies and sorry in advance if it annoys anyone.
When solo mining, if I want to spend some coin on a 5 ph rental, that would give me a probability of hitting a block in 48 hours correct? By sending around 213 b shares. in case that I "start from zero"
If I have already mined for some time and have lets say submitted 100 b shares already and then do the rental are my chances better since I have already a submitted some shares or it doesn't make any difference?
Or if a connect a new miner will it skip all the shares that have already been submitted ( that we already know won't solve a block) or will it start over again and maybe submit shares that have already been submitted?
Hope I was clear enough!
Thanks
No, Apederzoli, it doesn't work like that. You can submit 293449829843499494488 billion shares and each one has just as much chance as the previous one of hitting a block. You could hit it on the first share. It doesn't matter.
Think of it as a scratch off lotto ticket. You can sit and scratch 100 tickets, but that doesn't make you any closer to hitting a winner. You could scratch one and win. That's why so many people still run 30mh USB miners. They have very little hash so shared mining is worthless to them, but they could hit that one "solo" ticket and win big. So they still try.
Several 5PH rentals have hit a block. Several more haven't. Your luck is just that, luck. You're only improving your chances by renting a bunch of hash at once.
Thanks for the reply.
If all shares have the same probability of solving the block why is there a best one ?