Topic: Mining methods (Read 538 times)
You might want to consider to even mine. Solo mining/CPU mining are completely inprofitable, GPU mining/ASIC mining is half profitable. You should mine altcoins and exchange them for bitcoin.
I have recently started mining coins (only 2 days in now) and I also had to think about this.
I ended up going with the above route where I joined an auto-switching pool that pays out in BTC's. I must say I am very impressed with not only how easy it was to setup but also how profitable it has been in these early stages. Don't get me wrong, still super early days for me but I am very humbled by all the hard work people are putting into making their pools solid as well as the coin creators for all their hard work.
So yes I would say pool is that way forward. From my point of view if you want maximum profit you are going to want to get all over the coin market making sure you keep up to date with trends and what the best thing is to mine. If you want minimal effort but still profit got for an auto-switching pool, set your mining rig to and forget about it for a while ;o)
All the best,
Seph.
I ended up going with the above route where I joined an auto-switching pool that pays out in BTC's. I must say I am very impressed with not only how easy it was to setup but also how profitable it has been in these early stages. Don't get me wrong, still super early days for me but I am very humbled by all the hard work people are putting into making their pools solid as well as the coin creators for all their hard work.
So yes I would say pool is that way forward. From my point of view if you want maximum profit you are going to want to get all over the coin market making sure you keep up to date with trends and what the best thing is to mine. If you want minimal effort but still profit got for an auto-switching pool, set your mining rig to and forget about it for a while ;o)
All the best,
Seph.
Which pool are you talking about?
Solo mining is never profitable until you are mining a coin that launched a week ago. It's always to join a pool and get instant shares, as they find blocks very quickly compared to your solo.
I have recently started mining coins (only 2 days in now) and I also had to think about this.
I ended up going with the above route where I joined an auto-switching pool that pays out in BTC's. I must say I am very impressed with not only how easy it was to setup but also how profitable it has been in these early stages. Don't get me wrong, still super early days for me but I am very humbled by all the hard work people are putting into making their pools solid as well as the coin creators for all their hard work.
So yes I would say pool is that way forward. From my point of view if you want maximum profit you are going to want to get all over the coin market making sure you keep up to date with trends and what the best thing is to mine. If you want minimal effort but still profit got for an auto-switching pool, set your mining rig to and forget about it for a while ;o)
All the best,
Seph.
I ended up going with the above route where I joined an auto-switching pool that pays out in BTC's. I must say I am very impressed with not only how easy it was to setup but also how profitable it has been in these early stages. Don't get me wrong, still super early days for me but I am very humbled by all the hard work people are putting into making their pools solid as well as the coin creators for all their hard work.
So yes I would say pool is that way forward. From my point of view if you want maximum profit you are going to want to get all over the coin market making sure you keep up to date with trends and what the best thing is to mine. If you want minimal effort but still profit got for an auto-switching pool, set your mining rig to and forget about it for a while ;o)
All the best,
Seph.
It depends on what your mining. If you're trying to get in on the launch of a new coin (keep an eye on the altcoin topic) then likely your only choice would be to solo mine until a pool is available. Otherwise pool mining will probably be the most efficient option for you, especially with sites like multipool which swap coins based on current profitability.
pool is the best
the best is pooled mining.
Depending on the speed of your hardware solo mining could mean that you will never find a single bitcoin.
Check the calculator to see what the average time to find a block would be in your case.
I would say that most people use pools because you will get a more or less steady income.
Check the calculator to see what the average time to find a block would be in your case.
I would say that most people use pools because you will get a more or less steady income.
Should I use solo mining or pooled mining?
Pooled mining reduces variance, so is always safe bet.
Should I use solo mining or pooled mining?
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