ok, so here's the problem- miners are awarded blocks of 50 bitcoins at a time. as a solo miner, your statistical odds of that, compared to mining groups, is very very low, according to this
Quote:
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if you actually want to make Bitcoin (money), you probably need to join a pool. A pool is a group that combines their computing power to make more Bitcoins. The reason you shouldn’t go it alone is that Bitcoins are awarded in blocks, usually 50 at a time, and unless you get extremely lucky, you will not be getting any of those coins. In a pool, you are given smaller and easier algorithms to solve and all of your combined work will make you more likely to solve the bigger algorithm and earn Bitcoins that are spread out throughout the pool based on your contribution. Basically, you will make a more consistent amount of Bitcoins and will be more likely to receive a good return on your investment.
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now i did not include the link to this quote because the very next line was a link to the pool he recommends and not sure if that's a good one or not.
nevertheless, the bitcoin calculator states Average generation time for a block (solo)= 53 days.
so the calculator is somewhat misleading as it cannot calculate your chances of hitting that 50 bitcoin block, it simply assumes you do every x# days. ( i had 53 in here since i had that plugged in at the time)
perhaps others can clarify.
