Topic: At 440 Mhash/s should I be solo mining or continue in slush's pool (Read 1323 times)
November 16, 2012, 12:11:47 PM
Stay in the pool. at 440Mhash, yer probably making what, about 0.20BTCish a day in slush's pool? (i make about a bitdime a day at 200Mhash, so yer probably making double what i am..) that's decent for a single GPU, i'd say. $6BTC a month...When ASICs hit the scene, you might as well stop, as others have said.
November 16, 2012, 10:58:06 AM
440 is not high enough to do anything on your own. You should find a pool that will be good to you and stick it out there until things change.
When rewards are halved you should reevaluate your standings. Is your rig still making more money than it's costing you to run. Check pools again and find the ones that are offering you the best deal for you time and money. I believe that after the halving many pools will change or adapt. Many might run competitions or do something else in order to attract new member or keep old ones, so keep an eye on that.
And once ASICs hit the market you need to go through that process all over again. Can you still make money with your rig, as soon as you cant, turn it off and invest that money directly. See if it's worth building a new rig for yourself at that point. Check what pools offer what and what is changing about them.
Every time something happens just go back over those steps. Is my mining rig still making me money or is it costing me money, and is my pool still the best place for me to be. Then take your answers and adapt from there.
When rewards are halved you should reevaluate your standings. Is your rig still making more money than it's costing you to run. Check pools again and find the ones that are offering you the best deal for you time and money. I believe that after the halving many pools will change or adapt. Many might run competitions or do something else in order to attract new member or keep old ones, so keep an eye on that.
And once ASICs hit the market you need to go through that process all over again. Can you still make money with your rig, as soon as you cant, turn it off and invest that money directly. See if it's worth building a new rig for yourself at that point. Check what pools offer what and what is changing about them.
Every time something happens just go back over those steps. Is my mining rig still making me money or is it costing me money, and is my pool still the best place for me to be. Then take your answers and adapt from there.
November 16, 2012, 05:16:40 AM
yes.. You wouldn't want to solo mine.. Mine on a PPS pool. You can continue to mine for as long as you want.. The rewards will continue to drop. Some people act because the reward is halving everyone is just going to drop out.
ASIC's will not be in peoples hands within two weeks....
ASIC's will not be in peoples hands within two weeks....
Totally agree, ppl never stop saying about ASIC's, but until no one has one in hands, there's no reason to be scammed by a "lab".
PPS pools are the best option, it will make more BTC since solo mining means harder work to get the blocks.
November 15, 2012, 07:34:19 PM
yes.. You wouldn't want to solo mine.. Mine on a PPS pool. You can continue to mine for as long as you want.. The rewards will continue to drop. Some people act because the reward is halving everyone is just going to drop out.
ASIC's will not be in peoples hands within two weeks....
ASIC's will not be in peoples hands within two weeks....
November 15, 2012, 07:31:48 PM
So I shouldn't solo mine these next two weeks? I should stick with the pool?
November 15, 2012, 07:09:49 PM
Whats 440MH/s compared to average 30 to 60 GH/s? .... Read some threads regarding asics 
November 15, 2012, 06:54:24 PM
Why is that?
November 15, 2012, 06:52:56 PM
Not sure if there is more information I should be providing than this:
At 440 Mhash/s should I be solo mining or continue in slush's pool
New to mining. Just wondering which will be more efficient for generating the most bitcoins. Disregarding power use, etc. Just wondering which will generate more bitcoins weekly/monthly.
At 440 Mhash/s should I be solo mining or continue in slush's pool
New to mining. Just wondering which will be more efficient for generating the most bitcoins. Disregarding power use, etc. Just wondering which will generate more bitcoins weekly/monthly.
You have a couple weeks left to mine in a pool, and that's your only realistic option. After that, quit mining or buy an ASIC IMO.
November 15, 2012, 06:42:36 PM
Not sure if there is more information I should be providing than this:
At 440 Mhash/s should I be solo mining or continue in slush's pool
New to mining. Just wondering which will be more efficient for generating the most bitcoins. Disregarding power use, etc. Just wondering which will generate more bitcoins weekly/monthly.
At 440 Mhash/s should I be solo mining or continue in slush's pool
New to mining. Just wondering which will be more efficient for generating the most bitcoins. Disregarding power use, etc. Just wondering which will generate more bitcoins weekly/monthly.
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