Hey guys!
I've been mining in pools for a while now going after Bulwark, Ethereum, and zCash at different times as difficulty and coin prices fluxuate but I'm now pondering the idea of taking my 6 rigs (and more coming) to solo mine after a single coin. I should mention my rigs feature 6 1070 Ti's
1) How do I setup solo mining?
2) Would it be profitable?
Thanks in advance!
some reeeally quick back-of the napkin math:
your hashrate, let's say at 30 mh/s per card, would be 1,080,000,000 h/s (30 * 36 cards * 1 million)
total hashpower is 250,331 gh/s which would be 250,331,000,000,000 h/s (giga is a billion)
so you are 1/231,787 of the hashpower. so you'd have about a 4 in a million or so chance of solving each block? a bit less?
there are about 5,875 block per day (based on last 24 hours) so that would come out to ~ 2,144,375 a year.
block reward would be about ~3.56 eth. so im totally being imprecise but you might be looking at finding 8 blocks a year, 28 eth a year? on average. the profitability, in theory, shouldn't be less than in a pool.
problem is, you could go months and months, maybe even years, without finding a single block.
In my opinion that seems accurate. Although Luck really does come in to play more so than often. If I were in a position to have 6 rigs I would be sticking to a pool just for the sake of consistency.