Bitcoin Forum
October 02, 2022, 12:34:28 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: When is it better to solo mine than to be in a pool?  (Read 489 times)
eon89 (OP)
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
January 07, 2014, 12:42:38 AM
 #1

Wondering.

1664670868
Hero Member
*
Offline Offline

Posts: 1664670868

View Profile Personal Message (Offline)

Ignore
1664670868
Reply with quote  #2

1664670868
Report to moderator
1664670868
Hero Member
*
Offline Offline

Posts: 1664670868

View Profile Personal Message (Offline)

Ignore
1664670868
Reply with quote  #2

1664670868
Report to moderator
1664670868
Hero Member
*
Offline Offline

Posts: 1664670868

View Profile Personal Message (Offline)

Ignore
1664670868
Reply with quote  #2

1664670868
Report to moderator
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1664670868
Hero Member
*
Offline Offline

Posts: 1664670868

View Profile Personal Message (Offline)

Ignore
1664670868
Reply with quote  #2

1664670868
Report to moderator
HashHound
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
January 07, 2014, 12:50:07 AM
 #2

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

[NOBLE] 9fVWX2JPgD52fnnxYuzsoA1JNRVUa5kvbN
eon89 (OP)
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
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?

nastybit
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
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?
eon89 (OP)
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
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.

geokilla
Full Member
***
Offline Offline

Activity: 378
Merit: 100


View Profile
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..
nastybit
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
January 07, 2014, 01:13:16 AM
 #7

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
tokyoghetto
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
January 07, 2014, 01:13:35 AM
 #8

in the first few moments when a new scam coin launches. instamine then dump when it hits an exchange.
bonecoin
Newbie
*
Offline Offline

Activity: 15
Merit: 0


View Profile WWW
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.
HashHound
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
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.

[NOBLE] 9fVWX2JPgD52fnnxYuzsoA1JNRVUa5kvbN
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!