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Author Topic: Pool with High hash rate vs pool with low hash rate?  (Read 8010 times)
djex
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April 16, 2011, 07:55:45 PM
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So I'm just getting into mining and I've tried slush, deepbit and btcmine pools. From what I've observed over the past few days is that each pool has roughly a steady total hash rate.

Deepbit: ~120Ghash/s
Slush: ~180Ghash/s
BTCmine: ~5.7Ghash/s

My question is will they all eventually equate to the same amount of earnings over time? I noticed that my estimated reward for slush over 1 hour is much lower than my estimated reward for btcmine. Now I'm assuming that this is because btcmine has fewer people mining and there for I get a larger portion but it will also take longer to finish a block on btcmine than slush's pool. To me it would seem that this would even out with the other pools over time but since I'm not 100% on the math and am fairly new to bitcoin maybe someone here can confirm this for me.

Also, if there is any benefit from mining on a pool with a higher hash rate apposed to a lower hash rate what would that be?

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vuce
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April 16, 2011, 08:07:17 PM
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In case all three have the same % of provision, it is best to choose the one with the highest hash rate, as it will result in lower deviation.
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April 16, 2011, 08:07:30 PM
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The higher the hashrate, the more likely a block will be found and the faster that this can occur.  With lower hashrate pools, blocks will be found less frequently, but you will receive a bigger reward.  I choose to err on the side of likelihood and frequency of block finding, hence I use deepbit.

But really, it'd probably be the same over the long run.

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April 17, 2011, 12:44:58 AM
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But it is nice when BTCmine found 3 blocks in 7 hours - more BTC in that timeframe than I get from Deepbit in a week  Grin

Also - BTCmine charges just a 2% commission.

I would like to see BTCmine grow to a 3rd alternative to slush and deepbit.

That said, I have mined at all three and have nothing but good things to say about all of them.

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April 18, 2011, 11:10:07 AM
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But it is nice when BTCmine found 3 blocks in 7 hours - more BTC in that timeframe than I get from Deepbit in a week  Grin

Also - BTCmine charges just a 2% commission.

I would like to see BTCmine grow to a 3rd alternative to slush and deepbit.

That said, I have mined at all three and have nothing but good things to say about all of them.

I'm a member of all three, and I mine with slush and deepbit on a rotating weekly basis, It tends to even out how much I earn Cheesy I have yet to really use BTCMine a whole lot.

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djex
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April 19, 2011, 04:58:37 AM
 #6

I'm a member of all three, and I mine with slush and deepbit on a rotating weekly basis, It tends to even out how much I earn Cheesy I have yet to really use BTCMine a whole lot.

Interesting. I think I'll give that a try for a few weeks and see how its goes. Think I'll throw in a week of BTCMine as well.

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April 19, 2011, 05:01:00 AM
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In case all three have the same % of provision, it is best to choose the one with the highest hash rate, as it will result in lower deviation.

This. Smiley

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April 19, 2011, 05:30:09 AM
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A pool with lower hashrate is closer to mining solo, more variance (deviation) but more opportunity for luck ... good and bad.

Horses for courses.

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