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Author Topic: At what hash rate does it become advantageous to solo mine?  (Read 3137 times)
triplehelix
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February 29, 2012, 03:58:33 AM
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i don't know if hardware is the best place for this, but its about hashing capacity so i thought maybe.

from what i've been reading, it seems the advice is given that it is more profitable to mine with a pool.

if that is correct, at what hash rate under your control would it be more profitable to mine on your own, paying no tax and keeping all the transaction fees?
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February 29, 2012, 04:00:35 AM
 #2

i don't know if hardware is the best place for this, but its about hashing capacity so i thought maybe.

from what i've been reading, it seems the advice is given that it is more profitable to mine with a pool.

if that is correct, at what hash rate under your control would it be more profitable to mine on your own, paying no tax and keeping all the transaction fees?

I wouldn't mine solo unless you can pull a couple blocks a week.

https://www.bitcoin.org/bitcoin.pdf
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February 29, 2012, 04:01:35 AM
 #3

i don't know if hardware is the best place for this, but its about hashing capacity so i thought maybe.

from what i've been reading, it seems the advice is given that it is more profitable to mine with a pool.

if that is correct, at what hash rate under your control would it be more profitable to mine on your own, paying no tax and keeping all the transaction fees?
How much variance do you want? Disregarding the greater-than-100% PPS offers out there, you have nothing to lose by solo mining, but it will take longer for any action unless you have a decent hash rate. I personally wouldn't bother going solo unless I had 50+ Ghash at my disposal, but that is just because I am impatient.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
DeathAndTaxes
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February 29, 2012, 04:02:05 AM
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None.  p2pool.  It is like solo mining with the reduced variance of a 270 GH/s farm.

Prior to p2pool I would say 10 GH/s if you are adventurous, 20GH/s+ for more conservative.  Now w/ p2pool there is absolutely no reason to mine solo ... unless you like "exciting" week long stretches (months if you have less hashing power) without any blocks found.
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February 29, 2012, 04:04:52 AM
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None.  p2pool.  It is like solo mining with the reduced variance of a 270 GH/s farm.

Prior to p2pool I would say 10 GH/s if you are adventurous, 20GH/s+ for more conservative.  Now w/ p2pool there is absolutely no reason to mine solo ... unless you like "exciting" week long stretches (months if you have less hashing power) without any blocks found.

Good point... P2Pool wasn't around way back when difficulty was low enough for me to solo mine.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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February 29, 2012, 04:06:16 AM
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None.  p2pool.  It is like solo mining with the reduced variance of a 270 GH/s farm.

Prior to p2pool I would say 10 GH/s if you are adventurous, 20GH/s+ for more conservative.  Now w/ p2pool there is absolutely no reason to mine solo ... unless you like "exciting" week long stretches (months if you have less hashing power) without any blocks found.
Or maybe if you want some souvenir collectible one-of-a-kind (not) 50BTC wallets and/or generation transactions. Just think! They will be obsolete impossible to get in a year!

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
triplehelix
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February 29, 2012, 05:33:19 AM
 #7

how does p2p pool give you the best of both worlds?

lets say 50-100GH/s, you'd still recommend p2p?
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Gerald Davis


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February 29, 2012, 05:38:26 AM
 #8

how does p2p pool give you the best of both worlds?

lets say 50-100GH/s, you'd still recommend p2p?

Yes.  There are no fees and even w/ 50GH adding it to p2pool 270GH = 320GH/s which is a significant reduction in variance.
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March 01, 2012, 07:31:41 AM
 #9

how does p2p pool give you the best of both worlds?

lets say 50-100GH/s, you'd still recommend p2p?

Yes.  There are no fees and even w/ 50GH adding it to p2pool 270GH = 320GH/s which is a significant reduction in variance.

+10!

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triplehelix
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March 01, 2012, 02:37:44 PM
 #10

thanks for the replies.

so there is literally no point to solo mining at any hash rate?  even if you had 20% of the network capacity?
farfiman
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March 01, 2012, 04:18:31 PM
 #11

thanks for the replies.

so there is literally no point to solo mining at any hash rate?  even if you had 20% of the network capacity?

maybe if you had 51%  Wink

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