Author

Topic: Mining @ 1.2GH/s....Solo or Pool? (Read 2798 times)

hero member
Activity: 873
Merit: 1007
May 19, 2013, 04:44:19 AM
#7
guys, can you imagine auction:
blessed 7970 +10% to luck
Smiley

Well there is the auction for the 210,000 block finder...
newbie
Activity: 37
Merit: 0
May 17, 2013, 12:11:31 PM
#6
guys, can you imagine auction:
blessed 7970 +10% to luck
Smiley
legendary
Activity: 952
Merit: 1000
May 15, 2013, 09:50:03 PM
#5
Thanks Guys, I'll be using Pools then. Any favorites or recommended Pools?
https://bitcointalksearch.org/topic/btc-mining-pools-list-104664

Read thru there, and pick one. I like Ozcoin, but I've used Bitminter, Slush, and EMC before as well.
member
Activity: 87
Merit: 10
May 15, 2013, 02:06:37 PM
#4
Thanks Guys, I'll be using Pools then. Any favorites or recommended Pools?
legendary
Activity: 952
Merit: 1000
May 15, 2013, 11:29:18 AM
#3
Even most people running ASICs still use pools. It's just a way to reduce your variance.

The prospect of mining a 25BTC block and suddenly becoming $2,500 richer in one minute is tantalizing. However, it's damn near impossible.

From http://www.bitcoinx.com/profit/ for 1.2GH/s at the current difficulty:
Quote
Average generation time for a block (solo) - 1 year, 98 days (can vary greatly depending on your luck)

And this number is only going to get higher as the difficulty goes up.
full member
Activity: 181
Merit: 100
May 15, 2013, 09:41:51 AM
#2
join a pool, 1.2 Ghs is not enough to find a block, until you find a block you get 0 mining solo  Grin
member
Activity: 87
Merit: 10
May 15, 2013, 09:20:05 AM
#1
Hi,

I can mine at 1.2GH/s with my PowerColor HD7990. Should I join a pool or go solo?

Are pools meant for those doing ~400MH/s or are they for anyone not running BFL/Avalon equipment?

Thanks!
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