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Author Topic: Pool VS Solo  (Read 1056 times)
lanternblue
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July 03, 2012, 07:07:56 PM
 #1

I'm thinking of joining Deepbit with my 1-4 Terahash capacity coming soon!

Which would be better for me? Solo or Deepbit?
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tgmarks
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July 03, 2012, 07:46:16 PM
 #2

Anything is better than deepbit.

Not that I actually have anything against the guy, just that the pool gets so big it's the only one I know of that has come close to and passed the 50% mark before.  Dangerous for the networks security.

Joe200
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July 03, 2012, 07:55:01 PM
 #3

If you go solo for a very long time, you will probably earn slightly more than from a pool. But with a pool, your earnings are more steady over time. I'd go with a pool. Don't know anything about dipbit though.

stevegee58
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July 03, 2012, 07:57:55 PM
 #4

At 1000-4000 GH/s you're as big as the biggest pools.  I'd just go solo with hashing power like that.

You are in a maze of twisty little passages, all alike.
Blazr
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July 03, 2012, 08:25:49 PM
 #5

PLEASE don't give 4TH to DeepBit.

Also 4TH is solo-mining time, but you may want to read up some more about mining and Bitcoin before committing that kind of money.

Busy ATM.
schnell
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July 03, 2012, 08:38:03 PM
 #6

I'm thinking of joining Deepbit with my 1-4 Terahash capacity coming soon!

Which would be better for me? Solo or Deepbit?
P2Pool. They are a pool, but controlled by no central authority so no 51% possibility.
Stephen Gornick
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July 03, 2012, 09:05:42 PM
 #7

I'm thinking of joining Deepbit with my 1-4 Terahash capacity coming soon!

Presuming your "coming soon" means when BFL starts shipping their SC product line, things may change by then.

Definitely though, there's a point that it makes more sense to mine solo, even with the variance.

lanternblue
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July 03, 2012, 09:41:47 PM
 #8

BFL Engineer says that the products will definitely be out by October, and yes I am anticipating the huge increase in network hash rate soon.
dankroxel
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July 03, 2012, 09:43:10 PM
 #9

A question to add for other newbies such as myself... what would be the minimum hash rate to solo mine?
Blazr
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July 03, 2012, 09:47:41 PM
 #10

BFL Engineer says that the products will definitely be out by October, and yes I am anticipating the huge increase in network hash rate soon.

Thats what they always say. Lots of people are still waiting for the mini-rigs.

Busy ATM.
stevegee58
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July 03, 2012, 10:16:59 PM
 #11

A question to add for other newbies such as myself... what would be the minimum hash rate to solo mine?

Depends on how long you're willing to wait to solve a block.  At the current difficulty of 17265676 it'll take almost 3 months (2060 hours) at a 10 GH/s hash rate on average.

10x that hash rate will do it in 1/10 the time.

You are in a maze of twisty little passages, all alike.
lanternblue
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July 03, 2012, 11:24:18 PM
 #12

How long will 1 Terahash take to solve/find a block.
Stephen Gornick
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July 03, 2012, 11:26:39 PM
 #13

How long will 1 Terahash take to solve/find a block.

Today?  About two hours.

In "October"?  Depends on how many FPGAs ship between now and when BFL starts shipping in its initial set of ASIC units.

stevegee58
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July 04, 2012, 12:07:40 AM
 #14

How long will 1 Terahash take to solve/find a block.

Today?  About two hours.

In "October"?  Depends on how many FPGAs ship between now and when BFL starts shipping in its initial set of ASIC units.

20 hours actually

You are in a maze of twisty little passages, all alike.
Stephen Gornick
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July 04, 2012, 01:18:21 AM
 #15

20 hours actually

Two hours, at the current difficulty.

 - http://tpbitcalc.appspot.com/

stevegee58
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July 04, 2012, 02:05:21 AM
 #16

I used this calculator:

http://www.wolframalpha.com/widgets/gallery/view.jsp?id=76444b3132fda0e2aca778051d776f1c

But I also did it after a beer and some single malt lol.

Suddenly it's 2 hours go figure.

You are in a maze of twisty little passages, all alike.
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