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Title: Delete Post by: otrkid70 on December 08, 2013, 05:17:46 AM Edit:Delete
Title: Re: Re-thinking pool mining Post by: Kail on December 08, 2013, 05:41:01 AM Lol, each to their own, 1.5 - 2% is hardly making someone else rich from your contributions and for consitiency of payouts and ease of use it's pretty good but like I said each to their own.
Awesome if you get a block on btc, 12k +.... Pretty sweet. Me personally, I will only mine solo if difficulty is low enough for me to see return in a week or less, I'd rather take a steady income than a chance, I don't buy lotto tickets. Go P2Pool or something similar, it's very close to solo mining. Title: Re: Re-thinking pool mining Post by: petez8 on December 08, 2013, 05:46:57 AM I have been looking at transactions and have been definately Re-thinking about pool mining. With todays Mining procedures and speed what are the benefits? Unless you invest $20-30k why bother mining $10 a month making pool owners rich? Why not Solo mine and take the chance? I spend more than $10 a month on the lottery so whats the difference? I'm going solo from now on REGARDLESS of the odds and time.......I refuse to make some pool Owner rich at my expense. whats your thoughts? You will very likely getting nothing for years. By the way, some pools take a very low fee and have merged mining, and it can be good. Title: Re: Re-thinking pool mining Post by: Sharky444 on December 08, 2013, 06:03:12 AM Without a heavy investment you will need 1 million years to get a block with Bitcoin.
Title: Re: Re-thinking pool mining Post by: Elfasx on December 08, 2013, 06:28:27 AM I have been looking at transactions and have been definately Re-thinking about pool mining. With todays Mining procedures and speed what are the benefits? Unless you invest $20-30k why bother mining $10 a month making pool owners rich? Why not Solo mine and take the chance? I spend more than $10 a month on the lottery so whats the difference? I'm going solo from now on REGARDLESS of the odds and time.......I refuse to make some pool Owner rich at my expense. whats your thoughts? Are you serious? I know the chance in winning a lottery is pretty low, but if you compare that to getting a block with solo-mining, it is just two completely different things. Maybe you can sell all your equipments, and put all in for a 0.01% bet on a casino lol. Title: Re: Re-thinking pool mining Post by: Itun on December 08, 2013, 06:30:48 AM This is a really, bad idea.
You'll never get a thing. The pool owners don't get much. In some cases, they don't get any (except donations). Mine there instead. Title: Re: Re-thinking pool mining Post by: crisant on December 08, 2013, 06:35:41 AM Personally, I would rather get a little of something than a whole lot of nothing.
Title: Re: Re-thinking pool mining Post by: Itun on December 08, 2013, 06:57:11 AM Personally, I would rather get a little of something than a whole lot of nothing. Exactly Just pay the people who put time and money developing the site and pool and Make use of your mining rigs. Get something out of it. Title: Re: Re-thinking pool mining Post by: hiddensphinx on December 08, 2013, 07:22:43 AM Is the list of successful pool miners on blockchain.info absolutely correct?
Would be a great starting point to choose a pool from that list that actually has the luck to solves the block. Title: Re: Re-thinking pool mining Post by: Itun on December 08, 2013, 07:27:16 AM Is the list of successful pool miners on blockchain.info absolutely correct? Would be a great starting point to choose a pool from that list that actually has the luck to solves the block. They are not really "successful" pools. Like you said, it's luck. Title: Re: Re-thinking pool mining Post by: Sniperdude on December 08, 2013, 07:34:06 AM Is the list of successful pool miners on blockchain.info absolutely correct? Would be a great starting point to choose a pool from that list that actually has the luck to solves the block. Solo mining relies on luck = very high variance Pool mining relies on math = low variance Take your pick. you either make a couple bucks a day ( depending on hash speed) or 25 coins when you find a block. take your pick Title: Re: Re-thinking pool mining Post by: Itun on December 08, 2013, 08:39:40 AM Is the list of successful pool miners on blockchain.info absolutely correct? Would be a great starting point to choose a pool from that list that actually has the luck to solves the block. Solo mining relies on luck = very high variance Pool mining relies on math = low variance Take your pick. you either make a couple bucks a day ( depending on hash speed) or 25 coins when you find a block. take your pick It's more like: You either make a couple bucks a day or 25 coins never. Title: Re: Re-thinking pool mining Post by: poewerden on December 08, 2013, 08:50:38 AM If you dont mine now and mine at least something, with next year difficulty you will mine only satoshis / day with slow miner
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