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Author Topic: mining alone or in group?  (Read 1819 times)
neptuno
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June 25, 2012, 08:09:52 PM
 #1

hi there Smiley

what´s the best way to mining, alone or in group?

I mean, to get the best mining results. Wink


thank you guys.

best regards
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neptuno
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June 25, 2012, 08:47:24 PM
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no one Sad
matthewh3
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June 25, 2012, 08:57:04 PM
 #3

https://en.bitcoin.it/wiki/Mining#Pools

"As mining a block became more and more difficult, individuals found that they were working for months without finding a block and receiving any reward for their mining efforts. Thus they started organizing themselves into pools so that they could share rewards more evenly. See Pooled mining and Comparison of mining pools."

neptuno
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June 25, 2012, 09:16:50 PM
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so, I guess you advice me to mining in a team instead of alone mining, right?

this moment I´m mining in the russian overclockers team.


thank you so much.
mokahless
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June 25, 2012, 10:10:41 PM
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Never heard of this pool. Are you sure you are bitcoin mining?

neptuno
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June 25, 2012, 10:51:28 PM
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it´s on deepbit.net
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June 25, 2012, 10:55:01 PM
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The answer depends on how much hashing power you have.  Anything less than 20GH/s IMHO is not worth it to go solo.  Deepbit is one of the earliest pools, stable, and is a fine place to mine.  There are certainly plenty of other ones with different reward structure if you want to check them out in the future.  There is a wiki page comparing the different pools, just google it.
neptuno
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June 25, 2012, 10:57:55 PM
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my medium hash is 82GH.

what you advice me, alone or team?
EnergyVampire
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June 25, 2012, 11:01:43 PM
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my medium hash is 82GH.

what you advice me, alone or team?
82 Ghash/s? You should be giving us advice!  Grin

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June 25, 2012, 11:04:49 PM
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With 82GH/s, you can try to go solo if you have a fast connection, want to deal with setting up bitcoind, ddos, and other problems.  You won't have to pay fees to pools or lose out to pool hoppers in prop pools.  And you will get tx fees (not much).  Calculate how often you will get a block on alloscomp's bitcoin calculator.

Frankly, I am surprised you have 82GH/S and am not sure where to mine?  Are you sure it is gigahash per second?  I don't see you on the overclockers.ru team either. 
neptuno
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June 25, 2012, 11:57:54 PM
 #11

ok, this is my guiminer snapshot:
http://img36.imageshack.us/img36/4157/snapshotqn.png

I´m new on this, I´m nor sure if the hash we are talking about is the same presented on the picture.

sorry guys, like I said, I´m new on this.
NothinG
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June 26, 2012, 12:00:34 AM
 #12

AH!, 83Mh/s.

That's not really enough to mine anywhere.
The price-to-mine would cost more than you will make.

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June 26, 2012, 12:04:13 AM
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Mining Pool would probably be best for you.

https://bitcointalk.org/index.php?board=41.0
http://blockchain.info/pools?timespan=4days

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June 26, 2012, 12:06:06 AM
 #14

AH!, 83Mh/s.

That's not really enough to mine anywhere.
The price-to-mine would cost more than you will make.

NothingG is correct.

If you pay for electricity, you're likely losing money.

neptuno
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June 26, 2012, 12:09:28 AM
 #15

so, alone is the best way, right?

in fact I lost some amount after start mining in group, I had 0.00816981 BTC and now I only have 0.00616981 BTC

after seeing all this, you sugest me to mine alone or in group?

my card is a ATI radeon HD 4870, do you think this card is to slow to mining at all?


thank you for all the suport.
NothinG
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June 26, 2012, 12:12:35 AM
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so, alone is the best way, right?
[ . . . ]
after seeing all this, you sugest me to mine alone or in group?
Mining in a group will be the best way if you insist on mining with such low hash rate.

my card is a ATI radeon HD 4870, do you think this card is to slow to mining at all?
Yes, unless you get free power, don't mind the heat, and don't want to use that card for anything else.

the joint
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June 26, 2012, 12:13:23 AM
 #17

so, alone is the best way, right?

in fact I lost some amount after start mining in group, I had 0.00816981 BTC and now I only have 0.00616981 BTC

after seeing all this, you sugest me to mine alone or in group?

my card is a ATI radeon HD 4870, do you think this card is to slow to mining at all?


thank you for all the suport.

I'd recommend you don't mine at all.  Like I said, you're probably paying more for electricity to run the card than what you get back from mining.  You're making ~30 cents USD per day from mining.  Then you need to subtract the electrical cost to run the thing 24/7.

neptuno
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June 26, 2012, 12:19:55 AM
 #18

thank you very much for all the advices, I guess this is not worthing for me.

one last question, what´s the best graphic card to make bitcoin mining profitable?
NothinG
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June 26, 2012, 12:23:47 AM
 #19

thank you very much for all the advices, I guess this is not worthing for me.

one last question, what´s the best graphic card to make bitcoin mining profitable?
https://en.bitcoin.it/wiki/Mining_hardware_comparison

If you want to buy something, look into FPGA, ASIC, or even http://www.butterflylabs.com/products/ 's SC.

mokahless
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June 27, 2012, 12:03:16 AM
 #20

I started with a 6950 I had for gaming. Eventually added a 6450 for more monitors then bought a 6770m laptop for gaming and more recently, a 5830 for $80. If you can find a used 5xxx, 6xxx or 7xxx series video card they will be way more efficient at mining and a great place to start. The 4xxx series work but are terribly inefficient. My 5830 gets 327MH/s at 1020MHz core speed at 61*C using cgminer in BAMT. There's also a CGminer for windows. Even though it is a command line tool, I find it easier to use than GUIminer, personally.

If you get free electricity, keep mining. Or if you have low-cost electricity and find you just enjoy mining, keep at it  Tongue

As everyone said, you'll definitely want to mine in a pool.

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