Solo pool mining is inherently a high risk .
It is why I have only
https://solo.ckpool.org/users/146UJM5kgzLVUV23CXCf33KQKHckoX1gx33.21th mining at it
while I have 1.7ph on pps+
Would I be this generous if I was the guy that lost the block nope I would not.
As for stats I really don't care about any of them with pps+ mining.
This is the only number that matters
Last 24-Hour Earnings (BTC)
0.00745851 Avg. Daily Earnings 0.0000076 BTC/T
(≈PPS 106.14%)which means I was paid at a rate of 6.25 x 1.0614 = 6.63375 coins a block
I am set to a 0.01 payout which takes me two days so I get about 0.014916 every 2 days.
about 172 usd per payout
that is my risk factor. If they fail to pay me I leave losing two days of mining. about
Now if you mine at a small pool with such as kano.is and you are biffa you have about 1.2 ph and it earns about 1200 x 8.8 cents = 105.60 a day
what is your risk factor hmm 5 blocks last 40 weeks better 10 blocks last 52.9 weeks. that is 5.29 weeks a block
or 35 + 3 = 38 days x 105.60 =
4,012.80 usd at risk per payout.
Now I have a question Kano is human I actually remember him going out to dinner when he was in the states.
So being human he will die one day. Just like myself I will die one day.
So if kano dies does the pool pay?
I think if he dies there may be an issue.
Also how about right now the pool is 31 days since last block. biffa is around 31 x 105 = 3255 unpaid. So if kano dies today does the pool end?
Not a death threat or an ill wish for kano but something that no one mentions.
So I mine solo I am not risking much with only 3.2 th
I also mine at mmpool about 22th I am about .7btc at risk as we have not hit a block in years on that tiny pool.
I find these two risks acceptable.
Why because I have 1.7ph at viabtc.
Maybe biffa has more then 1.2 ph and the 3255 usd at risk is acceptable due to 10ph at viabtc.
All of what I wrote is pretty much correct.
including that I am willing to risk 3.2 th mining at ckpool
and 20th mining at mmpool.org
but I am not will to risk more then 1.7ph for more then two days at viabtc.
So while some may like to say I gamble I am playing a very safe risk factor.
Personally small pool mining has become very hard to justify.
I support solo.ckpool with 3th
I support mmpool.org with 20th
I don't need a high end back end with viabtc.com
I only need to check on my payout every 2 days.I don't worry what happens if kano gets sick and the pool shuts as I said biffa is on the hook for over 3200 based on 31 days at 1.2ph.
What happens if kano gets arrested and the pool shuts?
What happens if kano dies and the pool shuts?
So it is cool to support kano.is
or mmpool.org
or solo.ckpool.org
but all the stats in the world don't fix my questions of pool failures.
all those small pools a miner risks a lot of coin on a pool failure.
and on viabtc you risk 2 days if you set the payout to 0.01
only 1 day if you set the payout to 0.001
assuming you have decent hash rate over 1ph
Kano's individual Stats are over rated if you neglect to include pools average block time of 38 days for last 10 blocks.
What happens if his pool fails? Due to health accident death etc? These are real factors that don't get mentioned.
So basically I would be risking 38 days of payouts in a kano fail
vs risking 2 days of payout in a viabtc fail
19x the coins