what's going on everyone welcome to the Rabid Mining YouTube channel and we did it again this
time a lot luckier so what am i talking about check this out guys we had another solo ethereum
mining block but this time only about six percent so that's i get about three percent two and a half
to three percent a day at the current hash rate on the ethereum network so it only took like two and
a half days here to hit a solo ethereum block but hold on guys there's more to it on top of the luck
now there was a little bit of strategy involved in doing this so stop don't just rush out start
solo mining hopefully you know within a day or two quickly hit a block and then you can go back
that's not really how it works that is a very high possibility that it could happen
but it doesn't mean it's gonna work so first you gotta understand kind of how luck works so here
you can see now i'm at zero percent luck now luck is pretty much if you're pool mining 100
is about the amount of time it would take when mining to a pool based on your hash rate
to find a single block reward of 1.97 so anything under 100 luck would be lucky which means you were
more profitable solo mining than if you were to a pool and anything over 100 luck means you're
unlucky and now you're starting to kind of lose money here solo mining and obviously if you hit
that point and you have been solo mining depending on your hash rate you could have been doing it for
a couple weeks you could have been doing it for a month you could have been solo mining for a couple
months and really you if you don't continue on until you hit that block you pretty much
lost out in the previous time that you were solo mine so keep that in mind as well now when solo
mining if you're at a pool you're getting rewards based on your hash rate shares sent to the pool
every time the pool finds a bluff you're solo mining you're not getting any rewards at all
until you single-handedly find that block at that point you do get the full block reward all bonus
rewards and everything included so you know it's it's like a lottery ticket it's like a gamble but
let's look at my strategy here so i'm on flex pool usually when i'm mining around here if i go to
blocks i can see that two months ago was my last block found on flexpool it kind of sucks because
that came only like one week after i found the previous solo one so this is way out of spec here
but that's when i had to start counting down again to the next block time so if i go into my actual
monthly rewards we can see i'm earning about 0.97 f per month which works out to be around
two months to actually hit that 1.97 block reward so two months ago i found that last block just
a few days ago i was like okay that block is coming up again based on my hash rate
this also remember changes based on the network difficulty we have seen a downtrend of gpus asics
whatever it is coming off the network the hash rate on ethereum has been coming down so two
months ago i did that i swapped over into two miners here for some solo mining and bam two
days later statistical wise based on everything that's going on in the background here of mining
to a pool we smashed out this ethereum solo mining block so there's some strategy involved
basing it all around the time frame of mining to a pool and potentially equaling the same amount
of that block found so i'm sure we all heard already that potentially the ethereum merges
happening september 19th or possibly sooner it all comes down to next month in august how that third
and final test net does if it's a success we most likely will see that merge happen in september if
it fails then you know what who knows what could happen next we could have delays forever anyway
regardless uh basing all that there is potential chance that i could hit another solo mining block
now i don't think i'm going to i'm going to hang out on the pool get as much ethereum as i possibly
can moving into the next potential bull run which is said around 20 25 i think based on historic
facts here but i'm not going to go back into any solo mind we have two months left that's about the
time to hit a block in theory i could come in here as long as i don't hit another block here
for the next two months i could within you know right before i'm about to hit 1st in estimated
earnings or 1.97 swap over solo mining and just before the merge happens if it does i could see
another solar money block but that is all really really risky here i'm not going to do that in this
case you know we got pretty lucky in solo mining ethereum the past couple months here so i'm just
going to stick with this let it ride and continue mining to the pool until i can no longer mine
any more ethereum as it is still currently the most profitable coin to mine on most gpus and just
to clarify because everyone always asks how much hash rate so you can see over the 24 hour average
hash rate i am sitting around a little over two gigahertz so two giga hash six percent luck
not too bad anyway i'm probably going to utilize this strategy across you know cpu multiple coins
other gpu mono coins if my gpus will still be on after ethereum you know a lot of the numbers are
looking like i'll probably be shutting them off for a very long time but we'll see what happens
when that happens you know it all comes down to how many miners actually quit and how many more
will be turning on and power prices regardless thank you for watching this video this is kind
of my solo mining strategy here i will see you on the next one Rabid Out thank you for watching my
video and if you haven't seen one of these be sure to check them out and if you already seen them
maybe you missed some might have to watch it one more time and if you just let it play in the
background that's all right as well i do try to live stream every weekend as well as every couple
days during the week so be sure to be subscribed so you don't miss that as always have a great day