Talk:Why pooled mining

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Revision as of 22:46, 22 June 2011 by Giszmo (talk | contribs) (Request for deletion)
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Request for deletion

This whole page is about spreading FUD about solo mining and comes to conclusions like:

And conversely, your probability of /never generating a block even after millions of years/ is about 96+ percent.

... given a 500Mh/s machine. I studied maths but sorry in this case I don't even bother to look into the formulas presented as the "experiment bitcoin" proofs it very far wrong. --Giszmo 21:37, 21 June 2011 (GMT)

  • I am reverting the delete request because your arguments are complete nonsense. The math is probably correct, and the page was contributed by a well-known and trusted member of the community. If there are some errors in the math, perhaps correction is needed, but certainly not deletion. Consider especially that the conclusions it supports are also correct: solo mining is always inferior to pooled mining. --Luke-jr 14:28, 22 June 2011 (GMT)
... says the owner of a pool. The article claims that with a 500Mh/s machine and a difficulty of 567358 I will have an average time to generate of 56 days. So far so good. But then it concludes that for the same setup there will not be a generation ever with 96% probability. Sorry but the 56 days figure is the 50% threshold already. If I have a 50% chance to hit in 56 days how can that probability possibly go down for "forever"?

--Giszmo 22:46, 22 June 2011 (GMT)