Post
Topic
Board Mining
Merits 9 from 3 users
Re: START mining the testnet
by
ABCbits
on 22/03/2024, 09:31:21 UTC
⭐ Merited by LoyceV (4) ,Husna QA (3) ,hugeblack (2)
I see the reward is very low but I think the testnet coins should be worth  at least 1% of the mainnet price

But even BCH and other forked coin doesn't even have 1% of BTC price.

you need an ASIC if you don't want to wait for the 20 minute difficulty reset to 1.
I tried it for about a week, and never hit a block. CPU mining loses from ASIC even if the difficulty is reset to 1.

Even at difficulty 1, using ASIC would allow you to find block in far shorter duration. Using simple formula[1], i found that using CPU is nearly impossible.

Core i7 3930k (6 core)[1]

Code:
average time to find a block = 1 * 2**32 / 66600000 = 64 second

GekkoScience Compac F

Code:
average time to find a block = 1 * 2**32 / 200000000000 = 0.021 second

You'll need far faster hardware (e.g. high end GPU) to close the average time gap and hope you're faster during block propagation.

[1] https://bitcointalk.org/index.php?topic=1682.msg63066#msg63066
[2] https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison