Bitcoin Forum
November 23, 2017, 11:02:41 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Is it worth going solo?  (Read 1092 times)
yrtrnc
Hero Member
*****
Offline Offline

Activity: 588



View Profile
September 16, 2012, 10:09:45 AM
 #1

So how about solo mining vs pool mining? Can you pls tell me from experience?

At what speeds is it worth solo mining? Is it safer? What are the pros cons?

Thanks in advance.

Long live bitcoin
1511478161
Hero Member
*
Offline Offline

Posts: 1511478161

View Profile Personal Message (Offline)

Ignore
1511478161
Reply with quote  #2

1511478161
Report to moderator
1511478161
Hero Member
*
Offline Offline

Posts: 1511478161

View Profile Personal Message (Offline)

Ignore
1511478161
Reply with quote  #2

1511478161
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511478161
Hero Member
*
Offline Offline

Posts: 1511478161

View Profile Personal Message (Offline)

Ignore
1511478161
Reply with quote  #2

1511478161
Report to moderator
1511478161
Hero Member
*
Offline Offline

Posts: 1511478161

View Profile Personal Message (Offline)

Ignore
1511478161
Reply with quote  #2

1511478161
Report to moderator
1511478161
Hero Member
*
Offline Offline

Posts: 1511478161

View Profile Personal Message (Offline)

Ignore
1511478161
Reply with quote  #2

1511478161
Report to moderator
stepkrav
Full Member
***
Offline Offline

Activity: 182



View Profile
September 16, 2012, 10:56:57 AM
 #2

If you have money to buy some serious mining gear stuff, perhaps you could go solo. Take a look in other threads, there's plenty of info around.
yrtrnc
Hero Member
*****
Offline Offline

Activity: 588



View Profile
September 16, 2012, 11:10:19 AM
 #3

How serious? What speeds?
Graet
VIP
Legendary
*
Offline Offline

Activity: 980



View Profile WWW
September 16, 2012, 11:41:20 AM
 #4

https://bitcointalk.org/index.php?topic=106576.0 is one thread, but really it depends on how patient you can be and how lucky you are Smiley oh and ho long you can cover your power costs

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
warlordluke
Jr. Member
*
Offline Offline

Activity: 44



View Profile
September 16, 2012, 12:02:02 PM
 #5

You'll be looking at probably over a couple of thousand GH/s

If you like any of my posts and feel like tipping then send them here: 1EirY2h2qS8t1ocKmYcNkm9s3oZMJn2ota
yrtrnc
Hero Member
*****
Offline Offline

Activity: 588



View Profile
September 16, 2012, 12:28:32 PM
 #6

Thank you!

Interesting thread.

So in your opinion, which is the best pool? Why?

Thanks
MtGoxTraderBot
Newbie
*
Offline Offline

Activity: 22


View Profile
September 16, 2012, 02:23:59 PM
 #7

If you are solo mining, I would use a no fee pool to keep the fees.

MTGox Trading Bot In Beta, results posted from daily trades here. (https://bitcointalk.org/index.php?topic=110037.msg1200601)
Graet
VIP
Legendary
*
Offline Offline

Activity: 980



View Profile WWW
September 16, 2012, 04:21:05 PM
 #8

https://bitcointalk.org/index.php?topic=104664.0 <- Mining Pools List


from another thread,similar topic, sorry for just copy/paste and not changing for you Smiley

<ozbot> At 1000 MH/s, you should earn 0.37335207 BTC/day on average (0.01555634 BTC/hr)
this is influenced by luck - your mining software
the fee the pool you mine on charges
the stability and uptime of the pool you choose
whether the pool you choose merge mines and/or pays out transaction fees

there is no simple answer, do some research, find a pool and a payout method that suit you Smiley

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
Zack
Newbie
*
Offline Offline

Activity: 14


View Profile
September 16, 2012, 04:21:57 PM
 #9

If you are solo mining, I would use a no fee pool to keep the fees.

Many use slush's pool, it's fairly popular.

BTC: 1AaMmDNAt9vvU7dRPKZy7rFuWqM9X4FjGX
Monkey1
Hero Member
*****
Offline Offline

Activity: 658



View Profile
September 16, 2012, 05:13:40 PM
 #10

Eclipse mining consortium has no fees (or optional) also.  There are still some others about.

                  ▄▄▄▄▄▀▀▀▀▄▄▄
              ▄▄█∞══$&P▀▀▀▀▀▀▀▀█▀▀▀▄▄▄
           ▄██⌐^"'               "═▄═,▀▀▄
       ▄▀▄█▀                        `ⁿ▀▄\▀▄
     ▄▄²█▀                              ▀▀▄▀
    █▀▄█                                   ██▄
   █▄▀╛       ▄███▄  ███████▀ ██  ▐█▌       ▄█▄
  ▐▌,▀       ██▌ ▐██    ██    ██  ██         █▌█
  █╓-        ██▌ ▐█▀    ██    ██ ▐█▌         ▐▐ █
 ▐█▌         ██▌        ██    ██ ██           ▌⌐▌▌
 U█           ███       ██    ████▌           ▐▌▌▐
╟▐▐            ▀██      ██    ████▌            █▌█
█▐▐▌             ██▄    ██    ██▀██            ██
▐▐ ▀             ▐██    ██    ██ ██▌          ,█▌
 ▀▄▌▌        ▄█  ▐██    ██    ██ ▐██         ,▀█
  ▀▓ ⌐       ██▄ ▐██    ██    ██  ██▌       ╓`▀▌
   ╙█▀        ▀███▀     ██    ██   ██      ƒ▄▀█
     ██▄                                  █▀ █
      ▀▀█▄                              ▄█ ▄▀
       ╙▄▀▄▀π,                       ,▄█▀▀▀
         '═▌▄"▄"═             ,.∞═$██▀
             ▀▀▀▀▄▄▄▄▄▄▄▄▀▀▀▀▀▀▀▄▄▀▀
                    ▀▀▀▀▀▀▀▀▀▀▀▀▀
STACK









1
●● TelegramTwitter ●●
Facebook ●●● Discord





mokahless
Sr. Member
****
Offline Offline

Activity: 464



View Profile
September 16, 2012, 06:27:46 PM
 #11

FYI, here is the current data from my google docs chart that I set up to calculate stuff. A block is currently 50BTC:
These are based on probability.

GH/s to solve 1 block/hour   3,214   
GH/s to solve 1 block/day   134   
GH/s to solve 1 block/week   19   
GH/s to solve 1 block/month   4   30-day month

Gabi
Legendary
*
Offline Offline

Activity: 1078


If you want to walk on water, get out of the boat


View Profile
September 16, 2012, 07:51:26 PM
 #12

If you are solo mining, I would use a no fee pool to keep the fees.

Many use slush's pool, it's fairly popular.
Slush is nice but it has a 2% fee.
Malophor
Jr. Member
*
Offline Offline

Activity: 56


View Profile
September 16, 2012, 08:10:55 PM
 #13

My understanding was that overtime it should be about the same. Pools just give you a steady stream of smaller payouts. It's a service you will end up paying for in the end though.

60 GH/s BFL Single SC - Pre-Order Yours Today!
`````` Only $1299.99 - butterflylabs.com ``````
Gabi
Legendary
*
Offline Offline

Activity: 1078


If you want to walk on water, get out of the boat


View Profile
September 16, 2012, 08:12:50 PM
 #14

Yes in the end it's the same but if you have low hashing power, then it can take months or more until you find a block
Yes, if your computing power is so low then with a pool you would make only  a handful of btc in these months but well, better than nothing.
yrtrnc
Hero Member
*****
Offline Offline

Activity: 588



View Profile
September 16, 2012, 09:34:32 PM
 #15

Quote
GH/s to solve 1 block/hour   3,214   
GH/s to solve 1 block/day   134   
GH/s to solve 1 block/week   19   
GH/s to solve 1 block/month   4   30-day month

I suspect, these numbers will go up considerably with the introduction of ASIC's right?
Gabi
Legendary
*
Offline Offline

Activity: 1078


If you want to walk on water, get out of the boat


View Profile
September 16, 2012, 09:47:14 PM
 #16

Yes. But you can just use a calculator for that

http://www.alloscomp.com/bitcoin/calculator

consider that 1 block=50BTC

So if, for example, it says 1 btc per day, you know that, on average you need 50 days for a block. On average. This means that you can find a block today, tomorrow, after 40 days, after 100 or whatelse, BUT in the long run on average it will be 1 block every 50day. So if you mine for 500days on average you will find 10 blocks.

Just remake the compute when difficulty change
nameface
Sr. Member
****
Offline Offline

Activity: 406


View Profile
September 17, 2012, 01:48:25 AM
 #17

Yes. But you can just use a calculator for that

http://www.alloscomp.com/bitcoin/calculator

consider that 1 block=50BTC

So if, for example, it says 1 btc per day, you know that, on average you need 50 days for a block. On average. This means that you can find a block today, tomorrow, after 40 days, after 100 or whatelse, BUT in the long run on average it will be 1 block every 50day. So if you mine for 500days on average you will find 10 blocks.

Just remake the compute when difficulty change

I'm not intimately familiar with the stats, but I suspect there is a VERY high variance in solo mining. IE. You might mine for 500 days and never even solve a block, or you may solve 10 blocks in your first 50 days. Who knows? The only way to cut down the crazy highs and lows of solo mining would be to have a MASSIVE rig.
yrtrnc
Hero Member
*****
Offline Offline

Activity: 588



View Profile
September 17, 2012, 05:40:12 PM
 #18

So it sound like the best thing to do is go pooling!

Do I go for the biggest and fastest or?

Fjordbit
Hero Member
*****
Offline Offline

Activity: 588

firstbits.com/1kznfw


View Profile WWW
September 17, 2012, 06:12:18 PM
 #19

Slush is nice but it has a 2% fee.

Every time I've gone away from slush to another pool, I've been burned with downtime or even just delays in the long poll. You get what you pay for.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!