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Title: NewBie mining Pool Help Please Post by: shanerc563 on November 21, 2015, 07:30:54 PM I am thinking of buying a miner. From all of the comments I have read on here, I understand that I should get into a mining pool in order to make anything, because solo mining is useless. If this is true, can someone please give me some advise on how to determine my ROI with mining pools and which pools to stay away from or to be recommended. I will wait your reply. Thank you in advance.
Title: Re: NewBie mining Pool Help Please Post by: GriffinHeart on November 22, 2015, 10:06:32 AM The solo mining comments are correct. It is nearly impossible to make anything mining alone, this is why people join pools, to find and mine blocks together.
Determining ROI is easy, just use a calculator. For instance; http://www.coinwarz.com/calculators/bitcoin-mining-calculator (http://www.coinwarz.com/calculators/bitcoin-mining-calculator) Just plug in your chosen pools fees and your chosen miner's stats in GH/s or TH/s. Pool? I suggest Slush's pool, Elugius and Antpool are known to steal blocks from their miners and I haven't recognised Slush's doing it. Your pool is your choice though. Hope this helps! ;) |