Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine

Quote from: gurumeditation on July 27, 2017, 11:06:11 PM

Quote from: BLNT on July 27, 2017, 10:34:16 PM

Anyone solo mining, or is it just too much of a crap shoot at this point?

Are the steps (given here http://cryptovore.com/2017/07/19/how-to-mine-signatum-sigt/) for solo mining the preferred method?

Can you combine rigs to increase your chances, or is each rig essentially on its own? Managing 150-200 MH/s per rig.

... also, what's the definition of "LUCK" with regard to values given on mining pools pages?

THANKS

I know one guy found a block with solo mining today, but he has a veeeery high hashrate, and obviously a loot of luck, and yes you can point all your rigs on one wallet, if you have the skills to do that.
My advice is you'd better avoid solo mining unless you can put thousands MH/s on sigt.
Regarding luck, on suprnova for example, average 1 block per minute with 589,459.63 MH/s on the pool, do your maths.

ok.

Let's say I can throw 1GH/s at mining SIGT. That puts suprnova at about a 600x hasrate over me.

Help me to understand some of the basics here:

1> Does this mean that, on average, I'll mine a block every 600 minutes (10 hours)?

2> What's involved in being able to mine a block for myself? Must I individually mine all the shares start/finish prior to someone else? How does this "work"?

3> Do I stand any better chance having several rigs all pointing to one wallet, or is the sum total of all my rigs (independently) just as effective for solo mining?

4> Currently, the reward for a block is 2500 SIGT, correct?

5> For solo mining, are there other sources of "income"? I've heard of orphans and uncles with regard to some mining pools, but have no idea what that refers to.

... thought I'd stop short of "twenty questions"...

THANKS