Cryptocurrency Q&A
Is solo mining luck?
Is solo mining luck?
Bianca
Sun Dec 01 2024
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5 answers
1019
I'm wondering if solo mining is all about luck. I mean, do I just need to keep trying until I get lucky enough to find a block, or are there other factors that can influence my chances of success in solo mining?
5 answers
Martina
Tue Dec 03 2024
In SOLO mining, the EFFORT value serves as an indicator of one's luck.
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Eleonora
Tue Dec 03 2024
This value is not influenced by the mining pool or other participants involved in the process.
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Elena
Mon Dec 02 2024
The average time required to find a block is considered as 100% Effort.
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Tommaso
Mon Dec 02 2024
If a miner spends less time than this average in finding a block, it is considered fortunate.
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CryptoVeteran
Mon Dec 02 2024
In such cases, the EFFORT value is below 100%, reflecting the miner's good luck.
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