lanternblue (OP)
Newbie
 Offline
Activity: 14
Merit: 0
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July 03, 2012, 07:07:56 PM |
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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
Donator
Hero Member
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Activity: 490
Merit: 500
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July 03, 2012, 07:46:16 PM |
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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.
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Joe200
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July 03, 2012, 07:55:01 PM |
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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.
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stevegee58
Legendary
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Activity: 916
Merit: 1003
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July 03, 2012, 07:57:55 PM |
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At 1000-4000 GH/s you're as big as the biggest pools. I'd just go solo with hashing power like that.
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You are in a maze of twisty little passages, all alike.
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Blazr
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July 03, 2012, 08:25:49 PM |
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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.
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schnell
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July 03, 2012, 08:38:03 PM |
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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. |
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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July 03, 2012, 09:05:42 PM |
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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. |
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lanternblue (OP)
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Activity: 14
Merit: 0
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July 03, 2012, 09:41:47 PM |
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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.
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dankroxel
Newbie
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Activity: 30
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July 03, 2012, 09:43:10 PM |
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A question to add for other newbies such as myself... what would be the minimum hash rate to solo mine?
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Blazr
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July 03, 2012, 09:47:41 PM |
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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. |
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stevegee58
Legendary
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Activity: 916
Merit: 1003
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July 03, 2012, 10:16:59 PM |
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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.
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lanternblue (OP)
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Activity: 14
Merit: 0
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July 03, 2012, 11:24:18 PM |
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How long will 1 Terahash take to solve/find a block.
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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July 03, 2012, 11:26:39 PM |
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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. |
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stevegee58
Legendary
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Activity: 916
Merit: 1003
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July 04, 2012, 12:07:40 AM |
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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.
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