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Author Topic: Am I right in thinking you have both good and bad days when mining?  (Read 1166 times)
Lethn (OP)
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August 05, 2013, 01:14:52 AM
 #1

I'm aware of the basic rules behind mining the cryptocurrencies in general, when you've got low difficulty it's easier, when you have a pool you spread the misfortune amongst you all and get a better average/consistent return than if you were solo mining. So does that mean though that you can also have really bad days as well even in a pool? I've been mining away at DigitalCoins for the lulz so I can pay for a new webhost ( It was the only one that seemed to work alright too >_< ) and I noticed there were days when I did bloody fantastic and could get a good number of coins in just one night but then there have been times like now where I only manage to get out a couple occasionally.

I'm actually fairly happy with my return at the moment and I might even mine DigitalCoins each night when I'm not using my computer just to build a little stockpile for myself, I'm just wondering what everyone elses experiences were with these alt currencies.
koin
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August 05, 2013, 03:15:06 AM
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So does that mean though that you can also have really bad days as well even in a pool?

there are many types of payouts and some methods have a higher variance than others. https://en.bitcoin.it/wiki/Comparison_of_mining_pools
Graet
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August 05, 2013, 07:26:55 AM
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I'm aware of the basic rules behind mining the cryptocurrencies in general, when you've got low difficulty it's easier, when you have a pool you spread the misfortune amongst you all and get a better average/consistent return than if you were solo mining. So does that mean though that you can also have really bad days as well even in a pool? I've been mining away at DigitalCoins for the lulz so I can pay for a new webhost ( It was the only one that seemed to work alright too >_< ) and I noticed there were days when I did bloody fantastic and could get a good number of coins in just one night but then there have been times like now where I only manage to get out a couple occasionally.

I'm actually fairly happy with my return at the moment and I might even mine DigitalCoins each night when I'm not using my computer just to build a little stockpile for myself, I'm just wondering what everyone elses experiences were with these alt currencies.
correct

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mjc
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August 06, 2013, 02:58:30 AM
 #4

Another View

Bad Day(s) : Waiting for your equipment to arrive, power outage (no back up), hardware failure

Good Days : Work units accepted

:-)

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Lethn (OP)
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August 06, 2013, 10:05:43 AM
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lol I know what you mean with the work units accepted actually, to this day I have never been able to set up solo mining because it's too damn frustrating and members here will troll you about profitability rather than help you Tongue
Graet
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August 06, 2013, 10:29:31 AM
 #6

lol I know what you mean with the work units accepted actually, to this day I have never been able to set up solo mining because it's too damn frustrating and members here will troll you about profitability rather than help you Tongue
we setup
https://bitcointalk.org/index.php?topic=262712.0
for the solo curious, can try without the extra effort of setting it all up and get some stats thrown in Smiley

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Lethn (OP)
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August 06, 2013, 12:42:47 PM
 #7

I want to solo mine Digitalcoins though Sad
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