Easiest way to think about it is this...
Pooled mining = Share the work, share the reward (even if someone else finds the block)
Solo mining = Get really lucky and find a block yourself, keep the whole thing. (Good luck with that as far as BTC goes)
Topic: finding blocks when mining in a pool (Read 8078 times)
If I find a block mining in a pool, is the bock that my miner found solely work submitted by my miner only, or is it a combined effort with all pool members/miners.?
I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
Just your work, but since your in the pool "your work" is shared to everyone. The same goes to if someone else found the block, he also share it to you. So its kinda fair.
https://en.bitcoin.it/wiki/Protocol_specification
Here's a great summary. Just do what I did: read until you don't understand what you're reading anymore. Google any terms you don't know. Then come back and try again tomorrow.
Here's a great summary. Just do what I did: read until you don't understand what you're reading anymore. Google any terms you don't know. Then come back and try again tomorrow.
oh you're ozcoin, sorry didn't realize.
I've actually joined ozcoin recently and will be hashing with my Jupiter when I receive it. hopefully soon.
cheers
cool, hope it arrives soon for you I've actually joined ozcoin recently and will be hashing with my Jupiter when I receive it. hopefully soon.
cheers
oh you're ozcoin, sorry didn't realize.
I've actually joined ozcoin recently and will be hashing with my Jupiter when I receive it. hopefully soon.
cheers
I've actually joined ozcoin recently and will be hashing with my Jupiter when I receive it. hopefully soon.
cheers
sorry, someone else will have to help with that
I setup a pool so I don't need to solo
good luck with it
I setup a pool so I don't need to solo
good luck with it
interesting, I seem to have a lucky miner
btw, it's a BFL 30GH/s Little Single and have been mining on eclipse mc pool for 35 days now.
I have to give solo mining a try, I know it's a gamble but I've never gone solo before. At least I can say 'I tried it', and it it does add a little more excitement to mining.
I'll have to do some searching for info on how to setup solo mining as I don't have any idea yet, but if you (or anyone else) know of links to any instructions it would be greatly appreciated.
Thanks
btw, it's a BFL 30GH/s Little Single and have been mining on eclipse mc pool for 35 days now.
I have to give solo mining a try, I know it's a gamble but I've never gone solo before. At least I can say 'I tried it', and it it does add a little more excitement to mining.
I'll have to do some searching for info on how to setup solo mining as I don't have any idea yet, but if you (or anyone else) know of links to any instructions it would be greatly appreciated.
Thanks
If I find a block mining in a pool, is the bock that my miner found solely work submitted by my miner only, or is it a combined effort with all pool members/miners.?
I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
you miner gets unique work from the pool, which you try to hash to a solution for the pool, in your case successfully 2 times I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
could this have the same outcome if solo mining..?
If I find a block mining in a pool, is the bock that my miner found solely work submitted by my miner only, or is it a combined effort with all pool members/miners.?
I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
you miner gets unique work from the pool, which you try to hash to a solution for the pool, in your case successfully 2 times I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
could this have the same outcome if solo mining..?
If I find a block mining in a pool, is the bock that my miner found solely work submitted by my miner only, or is it a combined effort with all pool members/miners.?
I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
you miner gets unique work from the pool, which you try to hash to a solution for the pool, in your case successfully 2 times I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
If I find a block mining in a pool, is the bock that my miner found solely work submitted by my miner only, or is it a combined effort with all pool members/miners.?
I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
I'm asking because I have been mining in a pool with 30GH/s for 34 days and my miner has found 2 blocks. Is this combined effort or just my miner.?
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