Pool vs. solo mining: Difference between revisions
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=Why You Are Here= | ==Why You Are Here== | ||
You are most likely here because you have been asking questions on [http://webchat.freenode.net/?channels=bitcoin-mining]#bitcoin-mining | You are most likely here because you have been asking questions on [http://webchat.freenode.net/?channels=bitcoin-mining]#bitcoin-mining | ||
=What this topic discusses= | |||
==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, and explain at what point you would want to switch from one to the other. | 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, and explain at what point you would want to switch from one to the other. | ||
=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 50 BTC generated by that block's solution is split and distributed between the pools participants. | 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 50 BTC generated by that block's solution is split and distributed between the pools participants. | ||
This means that you get "steady" payouts over time (ie 0.01 BTC per block that the pool solves, and the pool solves blocks ~30 min) | This means that you get "steady" payouts over time (ie 0.01 BTC per block that the pool solves, and the pool solves blocks ~30 min) | ||
=What is Solo Mining?= | ==What is Solo Mining?== | ||
Solo mining means that you pool all of your resources into a private pool. When YOU solve a block YOU get 50 BTC. | Solo mining means that you pool all of your resources into a private pool. When YOU solve a block YOU get 50 BTC. | ||
This means that you get "unsteady" payouts over time (ie 50 BTC per block that you solve, and you solve blocks ~X days) | This means that you get "unsteady" payouts over time (ie 50 BTC per block that you solve, and you solve blocks ~X days) | ||
=Pros/Cons= | ==Pros/Cons== | ||
Someone needs to fill this. Say something about Pooled mining has % taken by the pool, and solo has uncertainty and unless you have 5Ghash/s or better you get payouts every 90 days or so. | Someone needs to fill this. Say something about Pooled mining has % taken by the pool, and solo has uncertainty and unless you have 5Ghash/s or better you get payouts every 90 days or so. | ||
Revision as of 02:39, 24 May 2011
Why You Are Here
You are most likely here because you have been asking questions on [1]#bitcoin-mining
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, and explain at what point you would want to switch from one to the other.
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 50 BTC generated by that block's solution is split and distributed between the pools participants.
This means that you get "steady" payouts over time (ie 0.01 BTC per block that the pool solves, and the pool solves blocks ~30 min)
What is Solo Mining?
Solo mining means that you pool all of your resources into a private pool. When YOU solve a block YOU get 50 BTC.
This means that you get "unsteady" payouts over time (ie 50 BTC per block that you solve, and you solve blocks ~X days)
Pros/Cons
Someone needs to fill this. Say something about Pooled mining has % taken by the pool, and solo has uncertainty and unless you have 5Ghash/s or better you get payouts every 90 days or so.
See Also
- Why pooled mining An article on the same topic presented with further details.