Bitcoin Forum
April 09, 2020, 04:03:59 PM *
News: Latest Bitcoin Core release: 0.19.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Mining Pool or Solo Mining?  (Read 1345 times)
tmptfate
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
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?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1586448239
Hero Member
*
Offline Offline

Posts: 1586448239

View Profile Personal Message (Offline)

Ignore
1586448239
Reply with quote  #2

1586448239
Report to moderator
1586448239
Hero Member
*
Offline Offline

Posts: 1586448239

View Profile Personal Message (Offline)

Ignore
1586448239
Reply with quote  #2

1586448239
Report to moderator
hashman
Legendary
*
Offline Offline

Activity: 1264
Merit: 1007


View Profile
June 27, 2011, 12:40:56 AM
 #2

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
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
June 27, 2011, 12:58:49 AM
 #3


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
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
June 27, 2011, 01:20:31 AM
 #4

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
Member
**
Offline Offline

Activity: 406
Merit: 10


View Profile
June 27, 2011, 02:26:24 AM
 #5

never solo ..... Cheesy
slowlyyyyyyyyyyyyyyy
fedex9331
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
June 27, 2011, 02:46:13 AM
 #6

If you can push 1.1 gig/hashes I say go for it. Whats the specs of the new rig?
muscles
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
June 28, 2011, 05:49:54 AM
 #7

solo mining is not worth it
Bossland
Member
**
Offline Offline

Activity: 62
Merit: 10


View Profile
June 28, 2011, 06:08:23 AM
 #8

mining at btcguild
lateminer
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
June 28, 2011, 06:11:22 AM
 #9

Point is you missed the boat, however we all need miners to complete these transactions.
striker11111111
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
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.
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!