Solo mining in Private pool Vs Public solo mining pool ?

[mustavanov]

Hello,

I want to ask what is better Solo mining in my own built node and Private pool or Public solo mining pool something like solopool.org , how much effect public pools have on my solo mining efforts to mine any coin specially if there's a competition in the same pool , other pool with higher hashrate on the same pool ?

thanks

[1715472639]

1715472639

[1715472639]

1715472639

[1715472639]

1715472639

[1715472639]

1715472639

[1715472639]

1715472639

[BitMaxz]

I don't see much difference between mining solo with your own pool vs the public pool.
The only difference is that the public pool takes small percentage of the block reward once you've successfully mine a block like ckpool they take 2% of the block reward unlike mining solo with your own pool the block reward is all yours the only downside is you will need to maintain your node and pool.

[paid2]

Hello,

I want to ask what is better Solo mining in my own built node and Private pool or Public solo mining pool something like solopool.org , how much effect public pools have on my solo mining efforts to mine any coin specially if there's a competition in the same pool , other pool with higher hashrate on the same pool ?

The total hashrate of the pool doesn't count, because only YOUR own shares can actually find you a block and pay you for it. The hashrate of others doesn't count, there is no "competition".
The more hashrate you own yourself, means the more shares you send, so the more likely you are to find a block. That's the only thing that counts: what others do on their side will never concern you in solo mining.

To answer your question, it's best to use an honest solo pool that has been paying its users for a long time:

-solo ckpool
-viabtc
-kano

This doesn't really change anything compared to building your own pool, but at least with one of this 3 solo pool you'll be sure that from a technical point of view everything's ok, and you won't risk investing energy, time and hope, for nothing.

[seek3r]

The total hashrate of the pool doesn't count, because only YOUR own shares can actually find you a block and pay you for it. The hashrate of others doesn't count, there is no "competition". The more hashrate you own yourself, means the more shares you send, so the more likely you are to find a block. That's the only thing that counts: what others do on their side will never concern you in solo mining.

Yep, 100% agree on that.


I also agree almost completely with ur point or recommendation of ur pools.
Ofc u are right that the stated solopools have proven themselves over years and there is no worry about the payout and constant performance. But there is a small "disadvantage" - if u can call it like dat - that comes  with using one of them.
The pool fee (for CK's pool it is 2%, for Kano only 0.5%)- To be honest: It is an obsolete point coz it saves u a lot of work and u are on the safe side. Nevertheless, I wanted to have it mentioned once.

To clarify again, the fees are used in return for maintenance and server costs. 

[paid2]

--snip--
The pool fee (for CK's pool it is 2%, for Kano only 0.5%)- To be honest: It is an obsolete point coz it saves u a lot of work and u are on the safe side. Nevertheless, I wanted to have it mentioned once.

Yeap of course. 

I sincerely hope no beginner refuses to use a well established solo pool because of the 0.5 or 2% fees on the block reward, while risking a 100% loss with solo mining via their own!

[mustavanov]

Hello,

I want to ask what is better Solo mining in my own built node and Private pool or Public solo mining pool something like solopool.org , how much effect public pools have on my solo mining efforts to mine any coin specially if there's a competition in the same pool , other pool with higher hashrate on the same pool ?

The total hashrate of the pool doesn't count, because only YOUR own shares can actually find you a block and pay you for it. The hashrate of others doesn't count, there is no "competition".
The more hashrate you own yourself, means the more shares you send, so the more likely you are to find a block. That's the only thing that counts: what others do on their side will never concern you in solo mining.

To answer your question, it's best to use an honest solo pool that has been paying its users for a long time:

-solo ckpool
-viabtc
-kano

This doesn't really change anything compared to building your own pool, but at least with one of this 3 solo pool you'll be sure that from a technical point of view everything's ok, and you won't risk investing energy, time and hope, for nothing.

I was checking for solo ckpool and kano but apparently both are only for Bitcoin Solo mining , I am interested in BCH solo mining

[paid2]

I was checking for solo ckpool and kano but apparently both are only for Bitcoin Solo mining , I am interested in BCH solo mining

You can open a topic in the Altcoin Mining section, they'll be able to tell more about it.

ViaBTC and Solomining.io propose what you're looking for.