Bitcoin Forum

Other => Beginners & Help => Topic started by: devilfish on May 05, 2013, 10:47:29 PM



Title: How to determine if solo mining is appropriate
Post by: devilfish on May 05, 2013, 10:47:29 PM
Hey everyone,

I bet this has already been asked, but searching for "solo mining" makes for a ton of stuff to search through. At what point, considering difficulty and local hashrate (scrypt, about 1050 Kh/s) would I dedicate my resources to solo-mining.

As an example, BQC currently has a difficulty < 1.0, would it be a better move to mine myself or join the ub3rl33t pool (can't find any other pools atm). Pretty new to mining and all, so I would appreciate the opinion of more seasoned miners.

Thanks!


Title: Re: How to determine if solo mining is appropriate
Post by: kinitex on May 05, 2013, 10:56:56 PM
Based on my experience with 3100 K/hs (scrypt) 3100 M/hs (SHA) I would recommend pools. I have yet to find a single accepted block for many hours trying many different alt coins.


Title: Re: How to determine if solo mining is appropriate
Post by: BitshireHashaway on May 05, 2013, 11:00:01 PM
I wouldn't recommend joining pools to mine lesser known crypto-currencies. Solo mining isn't really appropriate unless you have a large setup however you can potentially get rewarded more and more BTC. I would recommend if your new go with a more known coin than BQB and try pool mining. Best of luck though!


Title: Re: How to determine if solo mining is appropriate
Post by: nesociety on May 06, 2013, 12:24:18 AM
You could run your own P2Pool server and then get some payout quickly with that amount :) Google for P2Pool


Title: Re: How to determine if solo mining is appropriate
Post by: AzureEngineer on May 06, 2013, 12:27:54 AM
BQC was created as a joke and still is a joke. Don't mine it unless you're just in it for giggles.