700 MH , Solo or use a Pool (Ethereum)

[TR8888]

As title, I expect a block every 0.97 days but as we know, That can vary, A lot.

Pool or solo?

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[20kevin20]

Pool. Mining solo is all about luck. With the difficulty increasing, it will become harder and harder each day to mine it. Calculate how much ETH you would get per day from pool mining, and compare it to the stats you have got from the solo mining calculator. Wish you the best!

[LucioTan]

Pool. Mining solo is all about luck. With the difficulty increasing, it will become harder and harder each day to mine it. Calculate how much ETH you would get per day from pool mining, and compare it to the stats you have got from the solo mining calculator. Wish you the best!

I agree with it. I don't recommend solo that it requires the right setting for you to have a block. It is very hard for the noobs to adjust their own geth server and update their nodes especially if they do no know the right setting for this. But, solo mining gives higher return if all settings are perfectly modified. Now, when it comes to pool mining, you will not have to calibrate the settings as they are the one who will do it. Of course, the returns are much lower compared to a solo mining that is perfectly set. But the risk of not getting a block is lower.

[ps_jb]

As title, I expect a block every 0.97 days but as we know, That can vary, A lot.

Pool or solo?

Pool

[generalt]

Pool.  With network hash rate over 4th 700mh is very little.  700/4000000 = 0.0175% chance of finding the block roughly.

[Amph]

i would do solo if you add another 0 to your hashrate, that hashrate was good 3-5 months ago to solo mine not now anymore

[TR8888]

Thanks for the info 

[asdalani]

i would do solo if you add another 0 to your hashrate, that hashrate was good 3-5 months ago to solo mine not now anymore

That is right. If you have 5 to 10GH/s and have a very good network connection, you can do solo mining.

[greaterninja]

As someone who usually solo mines it really depends on your internet connection and your ability to administrate your servers, miners, and the environment


If you have low latency to most servers and high upload + download, then I'd say solo mine.
Solo mining involves keeping your server up, keeping the power on, keeping the miners up, monitoring hash rate.
The plus of Solo mining is that you get the transaction fees + uncles + block rewards.


Solo mining requires lots of monitoring and lots of patience.
For example I could find 6-8 blocks in one day or it can be 8 days before I find a block.  This sort of variance can make one doubt their situation or go nuts.

[antantti]

All the information you need is there on greaterninja's post. Don't listen to guys who never mined single block.

Eth is really fast coin, if you have a reliable network connection with low latency you will find blocks. I earned better solo than pool with only 100MH when nethash was 0.5TH.

[Amph]

All the information you need is there on greaterninja's post. Don't listen to guys who never mined single block.

Eth is really fast coin, if you have a reliable network connection with low latency you will find blocks. I earned better solo than pool with only 100MH when nethash was 0.5TH.

well now it's 9x higher, also factor in the diff that it isn't linear with the hash, but probably higher so you most likely need more than 9x your old hashrate, which was 100MH

[greenuser]

Have a bash at solo, I mined 2 blocks in the first 36 hours of mining with only 11Mh/s on just one HD7870, and everyone told me solo with only 11Mh/s was pointless.
10eth in less than a week.    Don't you just love it.

You can always switch to a pool after a week if you don't get lucky.

My best advice for you is..... take advice from people that seem happy, and ignore the miserable miners that moan and complain.  You may not get rich either way but you will enjoy it all the more.

But then i am only a few miles away from "GCHQ Bude" so my connection is the best in the world.
http://www.cornishguardian.co.uk/north-cornwall-spy-station-centre-new-edward/story-19609712-detail/story.html

[ybelevi]

definitely pool

[antantti]

Especially if you are generating coins for the pool more than you are earning I would definetely try solo. Someone mines a block every 14 seconds.

lol nethash is 1T, 2T, 3T, 4T you don't solomine... How many times have I seen that comment here?

[TraderETH]

How can we get 700MH? We should understand about it for first time before we choose solo or use a pool, because we don't know every bodies has 700MH.

[Amph]

Especially if you are generating coins for the pool more than you are earning I would definetely try solo. Someone mines a block every 14 seconds.

lol nethash is 1T, 2T, 3T, 4T you don't solomine... How many times have I seen that comment here?

i solo mine, but only when i can get block fast enough not above 1 day on average, i don't take into account luck strike, those does not count at all

Have a bash at solo, I mined 2 blocks in the first 36 hours of mining with only 11Mh/s on just one HD7870, and everyone told me solo with only 11Mh/s was pointless.
10eth in less than a week.    Don't you just love it.

You can always switch to a pool after a week if you don't get lucky.

My best advice for you is..... take advice from people that seem happy, and ignore the miserable miners that moan and complain.  You may not get rich either way but you will enjoy it all the more.

But then i am only a few miles away from "GCHQ Bude" so my connection is the best in the world.
http://www.cornishguardian.co.uk/north-cornwall-spy-station-centre-new-edward/story-19609712-detail/story.html

that is just luck, do your really that this cna be considered a good estimate of how good you can do in solo mining? onbiously not, you will get your next block in 1 month if ever

unless you got those block months ago when diff was really low

[pehoko]

solo/pool mixed mode about 70/30% ... will be my choice maybe.

[antantti]

You should try that solomining now (etc).

[LoneRangir]

if you have a reliable network connection with low latency

What is a low latency, say to ethpool.org.  I just pinged it at 66ms.  Is that "low"?

[asdalani]

if you have a reliable network connection with low latency

What is a low latency, say to ethpool.org.  I just pinged it at 66ms.  Is that "low"?

That is quite low. You can choose the server close to your site. But 66 ms is already very good for connection.

[antantti]

if you have a reliable network connection with low latency

What is a low latency, say to ethpool.org.  I just pinged it at 66ms.  Is that "low"?

Try tracert ethpool.org. If your first hops are under 10ms you are good to go for eth solomining.

[toptek]

hm, maybe i should solo my ping is 18 ms avg but my hash is only 60 mh waiting for some place to sell rx 480 again id rather buy them from new egg places like that but those places are out of stock I got the cash so i wait.

i would solo with 700 mh and pool as well mostly solo till it becomes to hard .

tracert is first hop

1    <1 ms    <1 ms    <1 ms  Wireless_Broadband_Router.home [192.168.1.1]

[antantti]

hm, maybe i should solo my ping is 18 ms avg but my hash is only 60 mh waiting for some place to sell rx 480 again id rather buy them from new egg places like that but those places are out of stock I got the cash so i wait.

i would solo with 700 mh and pool as well mostly solo till it becomes to hard .

tracert is first hop

1    <1 ms    <1 ms    <1 ms  Wireless_Broadband_Router.home [192.168.1.1]

Thats your own router. You need to look at first hop that is not on your/ your operators network.

You can try solomining with lower difficulty dagger-hashimoto coins. That gives you an idea about solo, if it still feels like your thing you can move on to bigger/ more profitable projects.

[toptek]

hm, maybe i should solo my ping is 18 ms avg but my hash is only 60 mh waiting for some place to sell rx 480 again id rather buy them from new egg places like that but those places are out of stock I got the cash so i wait.

i would solo with 700 mh and pool as well mostly solo till it becomes to hard .

tracert is first hop

1    <1 ms    <1 ms    <1 ms  Wireless_Broadband_Router.home [192.168.1.1]

Thats your own router. You need to look at first hop that is not on your/ your operators network.

You can try solomining with lower difficulty dagger-hashimoto coins. That gives you an idea about solo, if it still feels like your thing you can move on to bigger/ more profitable projects.

final hop is

 15    19 ms    19 ms    19 ms  ethpool.org [158.69.25.85]

no it's not my thing i don't have the Patience for it , but if i had a closer hash rate of 1 gh i would give it a try .. i have tried solo with btc and ltc and other coins and stand at awe at  those that do and do give it some thought from time to time .

[FruitBucket]

If you have less than 1 GH/s, you can solo mine the ETC, Ethereum Classic. If you want to mine Ethereum, use pool.

[antantti]

If you have less than 1 GH/s, you can solo mine the ETC, Ethereum Classic. If you want to mine Ethereum, use pool.

Etc nethash is only 220GH, you really don't need 1GH to find blocks. I am not saying it is profitable but still a really nice testing platform for someone who is interested.

[FruitBucket]

If you have less than 1 GH/s, you can solo mine the ETC, Ethereum Classic. If you want to mine Ethereum, use pool.

Etc nethash is only 220GH, you really don't need 1GH to find blocks. I am not saying it is profitable but still a really nice testing platform for someone who is interested.

The ETC nethash is 700 GH/s. now. It seems miners are moving there as it is more profitable to mine now.

[antantti]

hmmm, what can i say?  

-edit-

Some people busy trying to learn how to install linux?

[asdalani]

If you have less than 1 GH/s, you can solo mine the ETC, Ethereum Classic. If you want to mine Ethereum, use pool.

Etc nethash is only 220GH, you really don't need 1GH to find blocks. I am not saying it is profitable but still a really nice testing platform for someone who is interested.

The ETC nethash is 700 GH/s. now. It seems miners are moving there as it is more profitable to mine now.

Miners are chasing profit. When the big Ethereum holders dump their ETC, the price could be damaged.

[FruitBucket]

If you have less than 1 GH/s, you can solo mine the ETC, Ethereum Classic. If you want to mine Ethereum, use pool.

Etc nethash is only 220GH, you really don't need 1GH to find blocks. I am not saying it is profitable but still a really nice testing platform for someone who is interested.

The ETC nethash is 700 GH/s. now. It seems miners are moving there as it is more profitable to mine now.

Miners are chasing profit. When the big Ethereum holders dump their ETC, the price could be damaged.

The ETC nethash is 500 GH/s now. The drop is due to the drop of the ETC price relative to the ETH price.

[smaxz]

forget tracert.. my network is by no means stellar and i have yet to uncle.

just try it, why is this forum so full of pansies?

[Rabinovitch]

As title, I expect a block every 0.97 days but as we know, That can vary, A lot.

Pool or solo?

Solo of course.