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Author Topic: When is it better to solo mine than to be in a pool?  (Read 488 times)
eon89
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January 07, 2014, 12:42:38 AM
 #1

Wondering.

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HashHound
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January 07, 2014, 12:50:07 AM
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It depends on your hash rate, and the network difficulty of the coin you're mining.

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eon89
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January 07, 2014, 12:56:01 AM
 #3

It depends on your hash rate, and the network difficulty of the coin you're mining.

Mine personally sucks 250k.

What difficulty should I solo mine over pool mine at?

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January 07, 2014, 12:57:57 AM
 #4

250kh/s is really low nowadays, difficulty wise it should be of an almost dead coin.
Mine on a pool, do you have any concern?
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January 07, 2014, 01:00:07 AM
 #5

250kh/s is really low nowadays, difficulty wise it should be of an almost dead coin.
Mine on a pool, do you have any concern?

I was wondering since I decided to try solo mining a coin with 25 MH/s net hash rate and I appeared to be doing better than in a pool.

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January 07, 2014, 01:11:10 AM
 #6

Is there a guide on solo mine? I can't get solo mining esportsmonies to work even though I followed a guide..
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January 07, 2014, 01:13:16 AM
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250kh/s is really low nowadays, difficulty wise it should be of an almost dead coin.
Mine on a pool, do you have any concern?

I was wondering since I decided to try solo mining a coin with 25 MH/s net hash rate and I appeared to be doing better than in a pool.

Leave it for a day and see how many coins you get and compare it with the pool. It's all about luck, you might find many blocks in an hour and nothing for a few hours and this is where the pool helps to normalize payments
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January 07, 2014, 01:13:35 AM
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in the first few moments when a new scam coin launches. instamine then dump when it hits an exchange.
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January 07, 2014, 01:26:52 AM
 #9

For the vast majority of non-commercial miners solo mining will be the most reliable means of acquiring cryptocurrency. I suggest you plug in your hash rate and coin you are mining into one of the mining calculators. The calculator will tell you the average generation time for a block. If that amount of time is more than you would like to wait for a reward, you would be better using a pool.

This is from a litecoin mining calculator:

Litecoin Mining Calculator
https://www.litecoinpool.org/calc

Hash rate:    25000kH/s       (25 MH/s)
   
Expected Rewards
24 hours   7.17019409 LTC   208.22 USD
7 days   50.19135864 LTC   1457.56 USD
30 days   215.10582275 LTC   6246.67 USD
Solo Mining Stats
Expected Time per Block   6 days 16 hours
Probability of a Block in 1 day   13.88%
Probability of a Block in 2 days   25.83%
Probability of a Block in 3 days   36.12%
Probability of a Block in 7 days   64.86%
Probability of a Block in 14 days   87.65%
Probability of a Block in 30 days   98.87%

As you can see, solo mining would take 6 days on average to find a block at 25 MH/s. That is a reasonable gamble. You could do well either in a pool or solo. At 250 kH/s you would be unlikely to ever find a block solo since average block generation time is almost 2 years and the difficulty constantly increases over time.
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January 07, 2014, 01:37:32 AM
 #10

Calculators don't really take in to account the fact that difficulty may be going up or down at the time of calculation....  Pools definitely generate a more consistent amount of coins.

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