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Author Topic: -Own mining vs Pool mining-  (Read 606 times)
clubminer (OP)
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January 12, 2014, 07:00:52 PM
 #1

what is the difference between own mining with following the pool mining?
please share your experience here.  Smiley

catatafish
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January 12, 2014, 07:06:49 PM
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Very vaguely, unless you are mining a brand new altcoin with low difficulty and high block rewards (or have a very lucrative setup), the incentive for solo mining is quite small. Your chances of solving and verifying the block before another person is low.
With a pool, you are at least safer knowing that you have a higher probability of solving blocks together, and therefore are more likely to receive shares, despite them being significantly smaller.

IMO unless you are running a multi-GPU rig and can get your electricity for free, or solo mining an altcoin that is new, I'd advise sticking to pools.
xboxmanners
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January 12, 2014, 09:06:31 PM
 #3

Very vaguely, unless you are mining a brand new altcoin with low difficulty and high block rewards (or have a very lucrative setup), the incentive for solo mining is quite small. Your chances of solving and verifying the block before another person is low.
With a pool, you are at least safer knowing that you have a higher probability of solving blocks together, and therefore are more likely to receive shares, despite them being significantly smaller.

IMO unless you are running a multi-GPU rig and can get your electricity for free, or solo mining an altcoin that is new, I'd advise sticking to pools.
Couldn't say it better! I solo-mined extremecoin on it's 2nd day (with a R6850), and racked up 1000 of them (worth .4btc when i sold them) it definitely pays to mine solo if the coin is:
1. Low Difficulty/Network hash rate
2. Has a high block reward (lets say 200+ on a coin with a target block every 5 minutes)

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clubminer (OP)
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January 14, 2014, 10:10:55 AM
 #4

Very vaguely, unless you are mining a brand new altcoin with low difficulty and high block rewards (or have a very lucrative setup), the incentive for solo mining is quite small. Your chances of solving and verifying the block before another person is low.
With a pool, you are at least safer knowing that you have a higher probability of solving blocks together, and therefore are more likely to receive shares, despite them being significantly smaller.

IMO unless you are running a multi-GPU rig and can get your electricity for free, or solo mining an altcoin that is new, I'd advise sticking to pools.
Couldn't say it better! I solo-mined extremecoin on it's 2nd day (with a R6850), and racked up 1000 of them (worth .4btc when i sold them) it definitely pays to mine solo if the coin is:
1. Low Difficulty/Network hash rate
2. Has a high block reward (lets say 200+ on a coin with a target block every 5 minutes)

wow,,, 2 days you get 0.4 btc, right? how speed R6850 / second?  Smiley

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