What's the general forumla for LTC/day as a solo miner?
My naive guess:
probability = my hashrate/network hashrate
blocksPerDay = (60min/average block time in minutes)*60*24
expectedLTC = probability*blockdPerDay*reward
Plugging in values...
prob = ~350kh/s / 9,440,200 kh/s
prob = 0.0037%
blocksPerDay = (60/2.5)*60*24
blocksPerDay = 34560
expectedLTC = 0.0037%*34560*50
expectedLTC = 1.281328785*50
expectedLTC = 64.06643927
That doesn't seem right... What am I missing?