Topic: Why not solo mine? (Read 625 times)
Join pool. It's almost impossible with solo mining.
Hello! Im kind of gambler, but everywhere i read Im told that I shouldnt even think about mining solo. Is there any other disadvantages then it's very low chance to find a solution? Currently I mine at 350mhash/s, and that generate next to nothing.
Depends on your connection speed and number of peers your connected to. To reduce potential orphan rate i would set the max size of your block to very low values.
But i would preffer to solomine with 350mhash/s to get small chance of something really worth, rather than really not worth small amounts at pools reduced by x% pool fee
You get the exact same amount of coins regardless of pool or solo mining assuming the pool does not charge a fee.
no way to solo mine, without 1THs ;-)
Just do 6 days of pool mining and 1 day of solo... just like buying a lottery ticket you may get lucky but probably not.
Nope, no disadvantage per se. The disadvantage is just that at the current difficulty on average you'd spend 4 and a half years of 24/7 hashing to find one block, you might never find one, and the difficulty will (almost certainly) be higher in the future than now.
This is about the sum of things. Individual pooling used to be good, but it's not anymore due to difficulty.
Nope, no disadvantage per se. The disadvantage is just that at the current difficulty on average you'd spend 4 and a half years of 24/7 hashing to find one block, you might never find one, and the difficulty will (almost certainly) be higher in the future than now.
just join a pool. faster returns.
Mining is a HORRIBLE investment period. There is nothing wrong with mining if you think of it as some sort of techy hobby... but as a business decision, Horrible. As a gambling decision, Horrible too. http://satoshidice.com/.
Nah, it depends on what you're using to mine them, and your electrical costs.
Mining is a HORRIBLE investment period. There is nothing wrong with mining if you think of it as some sort of techy hobby... but as a business decision, Horrible. As a gambling decision, Horrible too. http://satoshidice.com/.
But there is no dissadvantage against the bigger pools? If I find the solution to a block, can a pool snap it before me?
If you think next to nothing is bad - Solo Mining will yield NOTHING - and then MAYBE in the next 2 years, you'll stumble on a big old fat something. Maybe.
Then again, You could stumble on a fat something in the first 30 seconds of solo mining.
Good Variance.
Then again, You could stumble on a fat something in the first 30 seconds of solo mining.
Good Variance.
Hello! Im kind of gambler, but everywhere i read Im told that I shouldnt even think about mining solo. Is there any other disadvantages then it's very low chance to find a solution? Currently I mine at 350mhash/s, and that generate next to nothing.
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