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Title: How does pool mining work compared to solo mining? Post by: 99bitcoins on April 14, 2013, 11:46:54 PM I understand that with solo mining you broadcast when your find a hash below a certain target. What about pool mining? Do you have to collect all the hashed and send them to the pool every so often? Can someone give me a simple explanation of how that works?
Title: Re: How does pool mining work compared to solo mining? Post by: Transisto on April 14, 2013, 11:56:26 PM Figure it out yourself, mine in a pool in the meanwhile.
Title: Re: How does pool mining work compared to solo mining? Post by: bcpokey on April 15, 2013, 02:02:19 AM Not a terribly helpful answer. I'm not sure I 100% understand it, but I'll give you what I think I know.
Pools assign work units, similar to the current block being worked on, however at difficulty 1 (or higher depending on your hashing power), which are called shares. The idea is that you solve your mini-block, and submit it back to the pool, to show your proof of work, out of every X shares submitted, one will also solve the "real" block being worked on (by chance). So you are in essence solving an easier problem, that can potentially solve a more difficult one, and everyone doing this over and over and over eventually do find a block. Title: Re: How does pool mining work compared to solo mining? Post by: 99bitcoins on April 15, 2013, 02:16:02 AM Not a terribly helpful answer. I'm not sure I 100% understand it, but I'll give you what I think I know. Pools assign work units, similar to the current block being worked on, however at difficulty 1 (or higher depending on your hashing power), which are called shares. The idea is that you solve your mini-block, and submit it back to the pool, to show your proof of work, out of every X shares submitted, one will also solve the "real" block being worked on (by chance). So you are in essence solving an easier problem, that can potentially solve a more difficult one, and everyone doing this over and over and over eventually do find a block. Sounds reasonable, thanks. I'm actually looking for some articles that go into more detail. It looks like it really depends on how the pool operator decides to do it so it seems to vary from pool to pool. Title: Re: How does pool mining work compared to solo mining? Post by: whitetoo on April 15, 2013, 09:27:07 AM Click on "What is pooled mining" top left
It gives decent explanation on the various systems within pool mining as well: https://mining.bitcoin.cz/ Title: Re: How does pool mining work compared to solo mining? Post by: middlemarkal on April 15, 2013, 03:55:34 PM the easyiest pool/mining software for BTC is BITMINTER.COM ;D
Title: Re: How does pool mining work compared to solo mining? Post by: DastanX on April 15, 2013, 04:04:26 PM pool = cash every 15mins
solo = cash never lol srsly you need much gh/s to do it solo ex. 20 gh/s need approx 22days depents great on luck Title: Re: How does pool mining work compared to solo mining? Post by: MashRinx on April 15, 2013, 09:05:39 PM I understand that with solo mining you broadcast when your find a hash below a certain target. What about pool mining? Do you have to collect all the hashed and send them to the pool every so often? Can someone give me a simple explanation of how that works? Pretty much what DastanX said. Unless you have some very serious hardware, you want to mine in a pool. Most pools pay out relative to the amount of work you contribute during a given time period. Some do it per time 'shifts' others do it per block, etc. The way they calculate those payouts can differ as well, as well as the fees charged. Good luck. Title: Re: How does pool mining work compared to solo mining? Post by: 110240 on April 18, 2013, 06:46:59 PM I tried solo mining for 2 days and it sucked... the reports are not wrong, it doesn't work on a normal or even very fast computer
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