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Author Topic: Mining Pool or Solo Mining?  (Read 1195 times)
tmptfate
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June 27, 2011, 12:30:01 AM
 #1

Will be completing an upgrade to my mining rig in the next week or so and am currently using pooling. However, the upgrade to my rig is going to push it from ~350 M/Hashes to ~1.1-1.2 Gig/Hashes. With the increase would it be more beneficial to move to solo mining?
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hashman
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June 27, 2011, 12:40:56 AM
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That depends on the pools' fee schedules these days. 

Solo mining is your best return in the long run at constant difficulty.  If you expect constantly increasing difficulty then the pool lets you get something more quickly during the low-difficulty era and so the return will  be better.

Happy hashing -

 

 
bcforum
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June 27, 2011, 12:58:49 AM
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Over an infinite period of time Solo Mining will be more profitable than a mining pool which charges fees. Over a shorter period of time random luck figures in so there isn't a clear winner.

At 1GH/s and current difficulty you should get about 0.66BTC/24hr period (deepbit's calculator).

Envelope calculations ahead:

Deepbit is at 3800GH/s and finding a block every 30minutes.

With solo mining at the current difficulty 1GH/s should take about 80 days to solve a block, so you have a 50% chance of earning 50BTC in 40 days.You could also find 10 in a row as soon as you start, or not find any in your lifetime.

If you found this post useful, feel free to share the wealth: 1E35gTBmJzPNJ3v72DX4wu4YtvHTWqNRbM
tmptfate
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June 27, 2011, 01:20:31 AM
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Thanks for the info guys, going to have to think this over a bit. My impression so far is pool mining for now though.
BitcoinForAll
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June 27, 2011, 02:26:24 AM
 #5

never solo ..... Cheesy
slowlyyyyyyyyyyyyyyy
fedex9331
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June 27, 2011, 02:46:13 AM
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If you can push 1.1 gig/hashes I say go for it. Whats the specs of the new rig?
muscles
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June 28, 2011, 05:49:54 AM
 #7

solo mining is not worth it

Selling these things:
Wireless Cable Modem Gateway: SURFboard SBG900 DOCSIS 2.0: http://forum.bitcoin.org/index.php?topic=24518.0 - 3.33BTC
12V DC Car Wet/Dry Vacuum: http://forum.bitcoin.org/index.php?topic=24521.0 - 0.6BTC
Flip Cam HD Mino 4GB: http://forum.bitcoin.org/index.php?topic=26628.0
Bossland
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June 28, 2011, 06:08:23 AM
 #8

mining at btcguild
lateminer
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June 28, 2011, 06:11:22 AM
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Point is you missed the boat, however we all need miners to complete these transactions.

i make things happen!
Visit BitcoinRumors.com

http://bit.ly/qkM6GS
striker11111111
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June 28, 2011, 06:15:17 AM
 #10

Solo mining ship has sailed. The days of 50 free btc are over, it's random chance now.
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