Slush is nice but it has a 2% fee.
Every time I've gone away from slush to another pool, I've been burned with downtime or even just delays in the long poll. You get what you pay for.
Topic: Is it worth going solo? (Read 1176 times)
Every time I've gone away from slush to another pool, I've been burned with downtime or even just delays in the long poll. You get what you pay for.
So it sound like the best thing to do is go pooling!
Do I go for the biggest and fastest or?
Do I go for the biggest and fastest or?
Yes. But you can just use a calculator for that
http://www.alloscomp.com/bitcoin/calculator
consider that 1 block=50BTC
So if, for example, it says 1 btc per day, you know that, on average you need 50 days for a block. On average. This means that you can find a block today, tomorrow, after 40 days, after 100 or whatelse, BUT in the long run on average it will be 1 block every 50day. So if you mine for 500days on average you will find 10 blocks.
Just remake the compute when difficulty change
http://www.alloscomp.com/bitcoin/calculator
consider that 1 block=50BTC
So if, for example, it says 1 btc per day, you know that, on average you need 50 days for a block. On average. This means that you can find a block today, tomorrow, after 40 days, after 100 or whatelse, BUT in the long run on average it will be 1 block every 50day. So if you mine for 500days on average you will find 10 blocks.
Just remake the compute when difficulty change
I'm not intimately familiar with the stats, but I suspect there is a VERY high variance in solo mining. IE. You might mine for 500 days and never even solve a block, or you may solve 10 blocks in your first 50 days. Who knows? The only way to cut down the crazy highs and lows of solo mining would be to have a MASSIVE rig.
Yes. But you can just use a calculator for that
http://www.alloscomp.com/bitcoin/calculator
consider that 1 block=50BTC
So if, for example, it says 1 btc per day, you know that, on average you need 50 days for a block. On average. This means that you can find a block today, tomorrow, after 40 days, after 100 or whatelse, BUT in the long run on average it will be 1 block every 50day. So if you mine for 500days on average you will find 10 blocks.
Just remake the compute when difficulty change
http://www.alloscomp.com/bitcoin/calculator
consider that 1 block=50BTC
So if, for example, it says 1 btc per day, you know that, on average you need 50 days for a block. On average. This means that you can find a block today, tomorrow, after 40 days, after 100 or whatelse, BUT in the long run on average it will be 1 block every 50day. So if you mine for 500days on average you will find 10 blocks.
Just remake the compute when difficulty change
Quote
GH/s to solve 1 block/hour 3,214
GH/s to solve 1 block/day 134
GH/s to solve 1 block/week 19
GH/s to solve 1 block/month 4 30-day month
GH/s to solve 1 block/day 134
GH/s to solve 1 block/week 19
GH/s to solve 1 block/month 4 30-day month
I suspect, these numbers will go up considerably with the introduction of ASIC's right?
Yes in the end it's the same but if you have low hashing power, then it can take months or more until you find a block
Yes, if your computing power is so low then with a pool you would make only a handful of btc in these months but well, better than nothing.
Yes, if your computing power is so low then with a pool you would make only a handful of btc in these months but well, better than nothing.
My understanding was that overtime it should be about the same. Pools just give you a steady stream of smaller payouts. It's a service you will end up paying for in the end though.
If you are solo mining, I would use a no fee pool to keep the fees.
Many use slush's pool, it's fairly popular.
FYI, here is the current data from my google docs chart that I set up to calculate stuff. A block is currently 50BTC:
These are based on probability.
GH/s to solve 1 block/hour 3,214
GH/s to solve 1 block/day 134
GH/s to solve 1 block/week 19
GH/s to solve 1 block/month 4 30-day month
These are based on probability.
GH/s to solve 1 block/hour 3,214
GH/s to solve 1 block/day 134
GH/s to solve 1 block/week 19
GH/s to solve 1 block/month 4 30-day month
Eclipse mining consortium has no fees (or optional) also. There are still some others about.
If you are solo mining, I would use a no fee pool to keep the fees.
Many use slush's pool, it's fairly popular.
https://bitcointalksearch.org/topic/btc-mining-pools-list-104664 <- Mining Pools List
from another thread,similar topic, sorry for just copy/paste and not changing for you
At 1000 MH/s, you should earn 0.37335207 BTC/day on average (0.01555634 BTC/hr)
this is influenced by luck - your mining software
the fee the pool you mine on charges
the stability and uptime of the pool you choose
whether the pool you choose merge mines and/or pays out transaction fees
there is no simple answer, do some research, find a pool and a payout method that suit you
from another thread,similar topic, sorry for just copy/paste and not changing for you
this is influenced by luck - your mining software
the fee the pool you mine on charges
the stability and uptime of the pool you choose
whether the pool you choose merge mines and/or pays out transaction fees
there is no simple answer, do some research, find a pool and a payout method that suit you
If you are solo mining, I would use a no fee pool to keep the fees.
Thank you!
Interesting thread.
So in your opinion, which is the best pool? Why?
Thanks
Interesting thread.
So in your opinion, which is the best pool? Why?
Thanks
You'll be looking at probably over a couple of thousand GH/s
https://bitcointalksearch.org/topic/at-what-point-do-you-start-solo-mining-106576 is one thread, but really it depends on how patient you can be and how lucky you are oh and ho long you can cover your power costs
oh and ho long you can cover your power costs
How serious? What speeds?
If you have money to buy some serious mining gear stuff, perhaps you could go solo. Take a look in other threads, there's plenty of info around.
So how about solo mining vs pool mining? Can you pls tell me from experience?
At what speeds is it worth solo mining? Is it safer? What are the pros cons?
Thanks in advance.
Long live bitcoin
At what speeds is it worth solo mining? Is it safer? What are the pros cons?
Thanks in advance.
Long live bitcoin
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