Bitcoin Forum
December 10, 2016, 08:54:18 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Join a pool or mine by myself?  (Read 1702 times)
aznsniper911
Jr. Member
*
Offline Offline

Activity: 36


View Profile
June 10, 2011, 03:45:30 AM
 #1

I been mining with a pool ever since I started but I'm starting to wonder if it is more worthwhile to mine by myself. Watcha all think about it?
1481403258
Hero Member
*
Offline Offline

Posts: 1481403258

View Profile Personal Message (Offline)

Ignore
1481403258
Reply with quote  #2

1481403258
Report to moderator
1481403258
Hero Member
*
Offline Offline

Posts: 1481403258

View Profile Personal Message (Offline)

Ignore
1481403258
Reply with quote  #2

1481403258
Report to moderator
1481403258
Hero Member
*
Offline Offline

Posts: 1481403258

View Profile Personal Message (Offline)

Ignore
1481403258
Reply with quote  #2

1481403258
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481403258
Hero Member
*
Offline Offline

Posts: 1481403258

View Profile Personal Message (Offline)

Ignore
1481403258
Reply with quote  #2

1481403258
Report to moderator
1481403258
Hero Member
*
Offline Offline

Posts: 1481403258

View Profile Personal Message (Offline)

Ignore
1481403258
Reply with quote  #2

1481403258
Report to moderator
1481403258
Hero Member
*
Offline Offline

Posts: 1481403258

View Profile Personal Message (Offline)

Ignore
1481403258
Reply with quote  #2

1481403258
Report to moderator
darvil
Member
**
Offline Offline

Activity: 73


View Profile
June 10, 2011, 03:46:36 AM
 #2

need more info like how many mhashes you actually have.

I'm going to say don't mine yourself because you probably don't have much.  The difficulty is high and it will only jump higher soon.

aznsniper911
Jr. Member
*
Offline Offline

Activity: 36


View Profile
June 10, 2011, 03:55:18 AM
 #3

need more info like how many mhashes you actually have.

I'm going to say don't mine yourself because you probably don't have much.  The difficulty is high and it will only jump higher soon.


Since I'm still playing with speeds and stability I'm not too sure of how many mhashes. I have two 6970 and two 6950 crunching right now.
dingus
Full Member
***
Offline Offline

Activity: 126



View Profile
June 10, 2011, 04:00:28 AM
 #4

You should make just as much solo mining as you would pool mining. The point of pooling is to reduce the time it takes for you to get your coins. If you pool mine, you will get tiny payouts but they will occur more frequently than if you were solo mining where you only get 50 coins at a much slower rate (google bitcoin calculator to determine how much you would make). Let me reiterate: you should make the same amount either way.

ding·us/ˈdiNGgəs/
Noun: Used to refer to something whose name the speaker cannot remember, is unsure of, or is humorously or euphemistically omitting
SomeoneWeird
Hero Member
*****
Offline Offline

Activity: 700


View Profile
June 10, 2011, 04:05:41 AM
 #5

need more info like how many mhashes you actually have.

I'm going to say don't mine yourself because you probably don't have much.  The difficulty is high and it will only jump higher soon.


Since I'm still playing with speeds and stability I'm not too sure of how many mhashes. I have two 6970 and two 6950 crunching right now.

Pool.
MyFarm
Hero Member
*****
Offline Offline

Activity: 840


View Profile
June 10, 2011, 04:14:47 AM
 #6

With my pool our fees go towards buying rainforest land and planting trees so you can offset your increased carbon footprint.  So pool and save the environment a little Smiley
aznsniper911
Jr. Member
*
Offline Offline

Activity: 36


View Profile
June 10, 2011, 04:15:23 AM
 #7

Well guess time to see which pool is the best. Also does anyone notice huge fluctuation for their cards? Sometimes my card will go from 420 mhashes to 340 mhashes on the pool's website.
LegitBit
Full Member
***
Offline Offline

Activity: 140



View Profile
June 10, 2011, 06:34:33 AM
 #8

Well guess time to see which pool is the best. Also does anyone notice huge fluctuation for their cards? Sometimes my card will go from 420 mhashes to 340 mhashes on the pool's website.

The web counter's are simple estimates based on shares submitted, the pool cannot actually read the output your miner gives.

Donate : 1EiAKUmTVtqXsaGLKQQVvLT9DDnHsT7jTZ (Block Explorer)
Litt
Sr. Member
****
Offline Offline

Activity: 350


View Profile
June 10, 2011, 08:20:44 AM
 #9

If I had it my way, everyone will be forced to mine solo. But since you have a choice, I would say that you should choose to mine solo.  Grin
Reikoku
Full Member
***
Offline Offline

Activity: 140


firstbits: 1kwc1p


View Profile
June 10, 2011, 08:26:33 AM
 #10

Join a pool.

Rei | 1Kwc1pqv54jCg8jvnm3Gu1dqFQYhS34Bow
Trades So Far: 7
compro01
Hero Member
*****
Offline Offline

Activity: 485


View Profile
June 10, 2011, 08:29:36 AM
 #11

Let me reiterate: you should make the same amount either way.

only assuming zero pool fees, zero transaction fees on pool payouts, etc.
aznsniper911
Jr. Member
*
Offline Offline

Activity: 36


View Profile
June 10, 2011, 08:35:54 AM
 #12

If I had it my way, everyone will be forced to mine solo. But since you have a choice, I would say that you should choose to mine solo.  Grin
Tempting but even my small farm is not big enough!
snoopytime
Newbie
*
Offline Offline

Activity: 28


View Profile
June 10, 2011, 08:41:39 AM
 #13

Yeah man, the 'thrill' of not catching a block for . . THREE MONTHS or so would really take the fun out of it for me.

If I make you smile you can hook me up a teeny bit:  13hKeyHMv5YMWxvwj9M1fTntGJiogdhbeo
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!