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Author Topic: Solo Mining  (Read 751 times)
dsheehanmining
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February 23, 2017, 02:27:11 PM
 #1

How do people think solo mining can compete these days or is there even a future there for it?
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unholycactus
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February 23, 2017, 09:21:01 PM
 #2

The global hash rate is so high nowadays that it becomes really hard to solo mine without experiencing high variance.
Difficulty will only rise over time and less people will be doing it. There isn't that many even right now.

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February 23, 2017, 09:28:09 PM
 #3

When you have no chance of ever recouping the purchase and electricity costs of your miners, solo mining will always provide the potential to more than recoup the costs and make a profit, no matter how high the difficulty gets. Great risk for potentially great reward.

Primary developer/maintainer for cgminer and ckpool/ckproxy.
ZERO FEE Pooled mining at ckpool.org 1% Fee Solo mining at solo.ckpool.org
-ck
philipma1957
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A new tool for prediction https://bitvol.info/


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February 23, 2017, 10:09:28 PM
 #4

ck is correct I point miners at his pool time to time.

cause you never know.

but I don't mine steady on his pool.

I think I got 3 solos with him since he started.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
lottery248
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February 24, 2017, 02:45:03 AM
 #5

When you have no chance of ever recouping the purchase and electricity costs of your miners, solo mining will always provide the potential to more than recoup the costs and make a profit, no matter how high the difficulty gets. Great risk for potentially great reward.
+1, if you dare buying a several miners to attempt scratching a reward, although that method is unlikely getting you anything, when you found that block instead, could profit you a lot. anyway, i don't really recommend you to do solo mining, which has less profit guarantee. it is like gambling - your miner as stake.

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