Diversified Mining (Multiple Workers, Multiple Pools)

[Cobrabee]

Consider if you had 3 workers (say 3x 7970s). Would it be better to direct them all at one pool, or have all 3 directed at different pools to maximize gains from pool luck? OR would it eventually be the same, statistically?

Maybe the newb forum is not the best place to post such a question...

In the newb zone, no one answers because no one knows.

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[bradford]

Quick question - Does it take more resources for you to run 3 cards separately or together?
Also, I would have to say that part of this depends on each payment's pool reward method and fees.

If you've already accounted for these considerations, the question is analogous to betting strategy in a lottery: Do I bet on 3 numbers for $1 apiece or do I bet on 1 number for $3?

Due to the stochastic nature of Bitcoin mining, no one strategy will be predictably better.

This is just my newb opinion. Other thoughts are welcome.

[Sidewayzracer]

more important what about running multiple instances of the same setup pointing to different pools incase 1 or more pools go offline wouldnt the hashing power be distributed to each pool at once?

[Cobrabee]

Those are both excellent questions, I appreciate your depth, Bradford, and Sidwayzracer, I have wondered that myself...  Still seeking answers.

So far, I have participated in 2 pools, and one seemed to pay out better than the other, but then one got DDoS'ed and had a higher pay per hash rate when I returned, prompting me to return to that pool, even though it limited payment to after confirmation.  My question is sort of ethically rooted; I want to provide consistent contribution to the pool, but I want to maximize revenue.

With the recent difficulty increase, I'm not sure what to do- mining at the single rig level @ the current market rate for BTC.

[Sidewayzracer]

i dont mine BTC but LTC and i have at times run 2 instance of the miner on the same machine pointing to different pools, the hashing rate seems to halve for both instances, but i havent tested it long term to see if theres a reduction in overall payouts