Pool vs. solo mining: Difference between revisions
Jump to navigation
Jump to search
6.25 |
|||
| (15 intermediate revisions by 7 users not shown) | |||
| Line 1: | Line 1: | ||
{{old}} | |||
Although most miners prefer to mine in pools, there are still merits to solo mining. | |||
==Why You Are Here== | ==Why You Are Here== | ||
An article addressing the pros and cons of solo and pooled mining can often answer questions easier than simply asking in: [http://webchat.freenode.net/?channels=bitcoin-mining | An article addressing the pros and cons of solo and pooled mining can often answer questions easier than simply asking in: [http://webchat.freenode.net/?channels=bitcoin-mining #bitcoin-mining]. | ||
Additionally, this page can serve as a reference for members of [http://webchat.freenode.net/?channels=bitcoin-mining | <br /> | ||
Additionally, this page can serve as a reference for members of [http://webchat.freenode.net/?channels=bitcoin-mining #bitcoin-mining] to direct those with questions. | |||
==What this topic discusses== | ==What this topic discusses== | ||
| Line 7: | Line 11: | ||
==What is Pooled Mining?== | ==What is Pooled Mining?== | ||
Pooled mining "pools" all of the resources of the clients in that pool to generate the solution to a given block. When the pool solves a block, the | Pooled mining "pools" all of the resources of the clients in that pool to generate the solution to a given block. When the pool solves a block, the 6.25 BTC generated by that block's solution is split and distributed between the pools participants. | ||
==What is Solo Mining?== | ==What is Solo Mining?== | ||
Solo mining | Solo mining is when a miner performs the mining operations alone without joining a pool. All mined blocks are generated to the miner's credit. | ||
==Pros/Cons== | ==Pros/Cons== | ||
;Pool Mining Pros: | |||
* Pooled mining generates a steadier income. | |||
Pooled mining | * Pooled mining can generate a 1-2% higher income (before fees, if any) due to long polling provided by the pools. | ||
;Pool Mining Cons: | |||
Pool mining can suffer interruptions from outages at the pool provider. | * Pool mining can suffer interruptions from outages at the pool provider. | ||
Pooled mining tends to generate a smaller income. | *: ''Pools are subject to DOS attacks and have other downtimes, too. Backup pools and solo mining can be configured for these cases.'' | ||
* Pooled mining tends to generate a smaller income due to fees being charged and transaction fees not being cashed out. | |||
*: ''There are zero fee pools. Until now, transaction fees are not cashed out by any pool.'' | |||
* Pools might be part of attack scenarios. | |||
;Solo Mining Pros: | |||
Solo mining is less prone to outages resulting in higher uptime. | * Solo mining is less prone to outages resulting in higher uptime. | ||
* Solo mining doesn't incur any fees. For each discovered block, 6.25 BTC and the transaction fees are paid to the miner. | |||
Solo mining doesn't incur any fees. For each discovered block, | |||
;Solo Mining Cons: | |||
Solo mining tends to generate more erratic income. | * Solo mining tends to generate more erratic income. | ||
* Solo mining wastes time due to only supporting getwork pull. | |||
Solo mining | |||
==See Also== | ==See Also== | ||
Latest revision as of 10:33, 23 June 2020
This article or section contains information that is no longer up-to-date. Please either update the outdated information or remove the outdated information.
Although most miners prefer to mine in pools, there are still merits to solo mining.
Why You Are Here
An article addressing the pros and cons of solo and pooled mining can often answer questions easier than simply asking in: #bitcoin-mining.
Additionally, this page can serve as a reference for members of #bitcoin-mining to direct those with questions.
What this topic discusses
The purpose of this page is to explain what the differences between pooled mining and solo mining. This Topic will give pros and cons of each to aid in the decision of a mining approach.
What is Pooled Mining?
Pooled mining "pools" all of the resources of the clients in that pool to generate the solution to a given block. When the pool solves a block, the 6.25 BTC generated by that block's solution is split and distributed between the pools participants.
What is Solo Mining?
Solo mining is when a miner performs the mining operations alone without joining a pool. All mined blocks are generated to the miner's credit.
Pros/Cons
- Pool Mining Pros
- Pooled mining generates a steadier income.
- Pooled mining can generate a 1-2% higher income (before fees, if any) due to long polling provided by the pools.
- Pool Mining Cons
- Pool mining can suffer interruptions from outages at the pool provider.
- Pools are subject to DOS attacks and have other downtimes, too. Backup pools and solo mining can be configured for these cases.
- Pooled mining tends to generate a smaller income due to fees being charged and transaction fees not being cashed out.
- There are zero fee pools. Until now, transaction fees are not cashed out by any pool.
- Pools might be part of attack scenarios.
- Solo Mining Pros
- Solo mining is less prone to outages resulting in higher uptime.
- Solo mining doesn't incur any fees. For each discovered block, 6.25 BTC and the transaction fees are paid to the miner.
- Solo Mining Cons
- Solo mining tends to generate more erratic income.
- Solo mining wastes time due to only supporting getwork pull.
See Also
- Why pooled mining An article in favor of pooled mining.