|
Title: Pool with High hash rate vs pool with low hash rate? Post by: djex on April 16, 2011, 07:55:45 PM So I'm just getting into mining and I've tried slush, deepbit and btcmine pools. From what I've observed over the past few days is that each pool has roughly a steady total hash rate.
Deepbit: ~120Ghash/s Slush: ~180Ghash/s BTCmine: ~5.7Ghash/s My question is will they all eventually equate to the same amount of earnings over time? I noticed that my estimated reward for slush over 1 hour is much lower than my estimated reward for btcmine. Now I'm assuming that this is because btcmine has fewer people mining and there for I get a larger portion but it will also take longer to finish a block on btcmine than slush's pool. To me it would seem that this would even out with the other pools over time but since I'm not 100% on the math and am fairly new to bitcoin maybe someone here can confirm this for me. Also, if there is any benefit from mining on a pool with a higher hash rate apposed to a lower hash rate what would that be? Title: Re: Pool with High hash rate vs pool with low hash rate? Post by: vuce on April 16, 2011, 08:07:17 PM In case all three have the same % of provision, it is best to choose the one with the highest hash rate, as it will result in lower deviation.
Title: Re: Pool with High hash rate vs pool with low hash rate? Post by: EPiSKiNG on April 16, 2011, 08:07:30 PM The higher the hashrate, the more likely a block will be found and the faster that this can occur. With lower hashrate pools, blocks will be found less frequently, but you will receive a bigger reward. I choose to err on the side of likelihood and frequency of block finding, hence I use deepbit.
But really, it'd probably be the same over the long run. -EP Title: Re: Pool with High hash rate vs pool with low hash rate? Post by: JWU42 on April 17, 2011, 12:44:58 AM But it is nice when BTCmine found 3 blocks in 7 hours - more BTC in that timeframe than I get from Deepbit in a week ;D
Also - BTCmine charges just a 2% commission. I would like to see BTCmine grow to a 3rd alternative to slush and deepbit. That said, I have mined at all three and have nothing but good things to say about all of them. Title: Re: Pool with High hash rate vs pool with low hash rate? Post by: ataranlen on April 18, 2011, 11:10:07 AM But it is nice when BTCmine found 3 blocks in 7 hours - more BTC in that timeframe than I get from Deepbit in a week ;D Also - BTCmine charges just a 2% commission. I would like to see BTCmine grow to a 3rd alternative to slush and deepbit. That said, I have mined at all three and have nothing but good things to say about all of them. I'm a member of all three, and I mine with slush and deepbit on a rotating weekly basis, It tends to even out how much I earn :D I have yet to really use BTCMine a whole lot. Title: Re: Pool with High hash rate vs pool with low hash rate? Post by: djex on April 19, 2011, 04:58:37 AM I'm a member of all three, and I mine with slush and deepbit on a rotating weekly basis, It tends to even out how much I earn :D I have yet to really use BTCMine a whole lot. Interesting. I think I'll give that a try for a few weeks and see how its goes. Think I'll throw in a week of BTCMine as well. Title: Re: Pool with High hash rate vs pool with low hash rate? Post by: slurch on April 19, 2011, 05:01:00 AM In case all three have the same % of provision, it is best to choose the one with the highest hash rate, as it will result in lower deviation. This. :) Title: Re: Pool with High hash rate vs pool with low hash rate? Post by: marcus_of_augustus on April 19, 2011, 05:30:09 AM A pool with lower hashrate is closer to mining solo, more variance (deviation) but more opportunity for luck ... good and bad. Horses for courses. |