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Title: Mining Pool or Solo Mining? Post by: tmptfate on June 27, 2011, 12:30:01 AM Will be completing an upgrade to my mining rig in the next week or so and am currently using pooling. However, the upgrade to my rig is going to push it from ~350 M/Hashes to ~1.1-1.2 Gig/Hashes. With the increase would it be more beneficial to move to solo mining?
Title: Re: Mining Pool or Solo Mining? Post by: hashman on June 27, 2011, 12:40:56 AM That depends on the pools' fee schedules these days.
Solo mining is your best return in the long run at constant difficulty. If you expect constantly increasing difficulty then the pool lets you get something more quickly during the low-difficulty era and so the return will be better. Happy hashing - Title: Re: Mining Pool or Solo Mining? Post by: bcforum on June 27, 2011, 12:58:49 AM Over an infinite period of time Solo Mining will be more profitable than a mining pool which charges fees. Over a shorter period of time random luck figures in so there isn't a clear winner. At 1GH/s and current difficulty you should get about 0.66BTC/24hr period (deepbit's calculator). Envelope calculations ahead: Deepbit is at 3800GH/s and finding a block every 30minutes. With solo mining at the current difficulty 1GH/s should take about 80 days to solve a block, so you have a 50% chance of earning 50BTC in 40 days.You could also find 10 in a row as soon as you start, or not find any in your lifetime. Title: Re: Mining Pool or Solo Mining? Post by: tmptfate on June 27, 2011, 01:20:31 AM Thanks for the info guys, going to have to think this over a bit. My impression so far is pool mining for now though.
Title: Re: Mining Pool or Solo Mining? Post by: BitcoinForAll on June 27, 2011, 02:26:24 AM never solo ..... :D
slowlyyyyyyyyyyyyyyy Title: Re: Mining Pool or Solo Mining? Post by: fedex9331 on June 27, 2011, 02:46:13 AM If you can push 1.1 gig/hashes I say go for it. Whats the specs of the new rig?
Title: Re: Mining Pool or Solo Mining? Post by: muscles on June 28, 2011, 05:49:54 AM solo mining is not worth it
Title: Re: Mining Pool or Solo Mining? Post by: Bossland on June 28, 2011, 06:08:23 AM mining at btcguild
Title: Re: Mining Pool or Solo Mining? Post by: lateminer on June 28, 2011, 06:11:22 AM Point is you missed the boat, however we all need miners to complete these transactions.
Title: Re: Mining Pool or Solo Mining? Post by: striker11111111 on June 28, 2011, 06:15:17 AM Solo mining ship has sailed. The days of 50 free btc are over, it's random chance now.
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