Author

Topic: -Own mining vs Pool mining- (Read 617 times)

sr. member
Activity: 392
Merit: 250
Let's get rich together
January 14, 2014, 05:10:55 AM
#4
Very vaguely, unless you are mining a brand new altcoin with low difficulty and high block rewards (or have a very lucrative setup), the incentive for solo mining is quite small. Your chances of solving and verifying the block before another person is low.
With a pool, you are at least safer knowing that you have a higher probability of solving blocks together, and therefore are more likely to receive shares, despite them being significantly smaller.

IMO unless you are running a multi-GPU rig and can get your electricity for free, or solo mining an altcoin that is new, I'd advise sticking to pools.
Couldn't say it better! I solo-mined extremecoin on it's 2nd day (with a R6850), and racked up 1000 of them (worth .4btc when i sold them) it definitely pays to mine solo if the coin is:
1. Low Difficulty/Network hash rate
2. Has a high block reward (lets say 200+ on a coin with a target block every 5 minutes)

wow,,, 2 days you get 0.4 btc, right? how speed R6850 / second?  Smiley
member
Activity: 97
Merit: 10
January 12, 2014, 04:06:31 PM
#3
Very vaguely, unless you are mining a brand new altcoin with low difficulty and high block rewards (or have a very lucrative setup), the incentive for solo mining is quite small. Your chances of solving and verifying the block before another person is low.
With a pool, you are at least safer knowing that you have a higher probability of solving blocks together, and therefore are more likely to receive shares, despite them being significantly smaller.

IMO unless you are running a multi-GPU rig and can get your electricity for free, or solo mining an altcoin that is new, I'd advise sticking to pools.
Couldn't say it better! I solo-mined extremecoin on it's 2nd day (with a R6850), and racked up 1000 of them (worth .4btc when i sold them) it definitely pays to mine solo if the coin is:
1. Low Difficulty/Network hash rate
2. Has a high block reward (lets say 200+ on a coin with a target block every 5 minutes)
newbie
Activity: 1
Merit: 0
January 12, 2014, 02:06:49 PM
#2
Very vaguely, unless you are mining a brand new altcoin with low difficulty and high block rewards (or have a very lucrative setup), the incentive for solo mining is quite small. Your chances of solving and verifying the block before another person is low.
With a pool, you are at least safer knowing that you have a higher probability of solving blocks together, and therefore are more likely to receive shares, despite them being significantly smaller.

IMO unless you are running a multi-GPU rig and can get your electricity for free, or solo mining an altcoin that is new, I'd advise sticking to pools.
sr. member
Activity: 392
Merit: 250
Let's get rich together
January 12, 2014, 02:00:52 PM
#1
what is the difference between own mining with following the pool mining?
please share your experience here.  Smiley
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