Topic: Yet Another Newbie Question: Regarding getting bitcoins - page 2. (Read 1945 times)
Makes sense. I'm not sure what's considered a high hashrate, but good to know. Any place to find more info on the fees thing and how that works?
If you mine solo you have to solve a block which can take ages unless you have massive gpu power. You can get your share's worth by joining a pool where you can choose payouts per share (you get paid based on number of shares you submit) or proportional to the chunk of block you solve. If you have higher hash rate you want to go proportional.
I've looked around the wiki and such, and though there are things stating it in ways, I didn't find anything explicitly answering this question. If all I do is mine, then is the only way I'll receive bitcoins is if I complete a block? I read something about fees, but didn't understand it well and was wondering if that was another way of getting coins through simple mining? Just looking for a good explanation I can understand.
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