Re: Ah ha! (p2pool question I can't ask in the place where I want to ask it)

Quote from: lbr on April 13, 2013, 11:39:46 PM

What I don't get is
Lets assume there are only two miners in the network miner#1 has 10000GHs and miner#2 has 1Hs and some calculator tells that miner#2 supposed to mine a block in a 24hours.
Now, since each block is created every 10 minutes(in our case miner#1 will generate them) and after each new block the work should be restarted, is it fair to say that miner#2 never generates a block?

Er. Well first. the estimate for a 1Hs miner would be 0.something. In fact so close to zero, you'd stop bothering.
Second. 10 minutes is across the entire bitcoin block generating network, not any one pool.
Yes it would be fair to say a 1Hs miner isn't worth asking to generate a block even at stupidly low difficulty rates.
It *could* happen within a lifetime, but the odds are astronomical.