At what hash rate does it become advantageous to solo mine?

[triplehelix]

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?

[notme]

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.

[rjk]

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.

[DeathAndTaxes]

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.

[notme]

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.

[rjk]

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!

[triplehelix]

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

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

[DeathAndTaxes]

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.

[ThiagoCMC]

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!

[triplehelix]

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]

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%