What is the difference between Solo and Pool mining? - Mining - CryptoTalk.Org Jump to content
Crypto123

What is the difference between Solo and Pool mining?

Recommended Posts

Some people do not know the difference between these two types of mining

 

1- Solo Mining

It means that you can do it on your own using your own device. If you find a bitcoin block you get it on your own, which is equivalent to about 12BTC. If you don't get a full block, you won't get anything, no matter how long it takes for mining.

 

2-Pool mining:

Mass mining is where a large number of devices share a single Pool and they mining using the power of their devices combined. 

If they get a bitcoin block, this block is divided on everyone in different proportions depending on the strength of each device. This method is of course faster.

 

So mass mining is better because it has a much greater success rate in getting a Bitcoin block than Solo.

Share this post


Link to post
Share on other sites

of course mining using pool is better. i think if i do solo mining, the chance for me to find the block is very low and it will spend very long time. i think share some hashrate will be a good choice for mining. 

Share this post


Link to post
Share on other sites
23 minutes ago, I-KUN said:

of course mining using pool is better. i think if i do solo mining, the chance for me to find the block is very low and it will spend very long time. i think share some hashrate will be a good choice for mining. 

Of course, this is true because using solo mining, except that you need a very high specification computer and a download we would like it too, you can take your life before you get a single block because of the difficulty of mining unless it is a super computer.

Share this post


Link to post
Share on other sites
1 minute ago, Crypto123 said:

Of course, this is true because using solo mining, except that you need a very high specification computer and a download we would like it too, you can take your life before you get a single block because of the difficulty of mining unless it is a super computer.

if we use our computer for mining, i'm sure it won't make any profit. even if we use a super computer in mining pool. we can't compete with some miner communities or maybe some big mining companies that uses a tons of ASIC miner hardware with a high hashrate.

Share this post


Link to post
Share on other sites

Solo mining and Pool mining. Solo mining means that you can do it on your own with the help of your own device while pool mining means mining with other people and with a lot of gadgets.

Share this post


Link to post
Share on other sites
On 11/25/2019 at 8:30 AM, Crypto123 said:

Some people do not know the difference between these two types of mining

 

1- Solo Mining

It means that you can do it on your own using your own device. If you find a bitcoin block you get it on your own, which is equivalent to about 12BTC. If you don't get a full block, you won't get anything, no matter how long it takes for mining.

 

2-Pool mining:

Mass mining is where a large number of devices share a single Pool and they mining using the power of their devices combined. 

If they get a bitcoin block, this block is divided on everyone in different proportions depending on the strength of each device. This method is of course faster.

 

So mass mining is better because it has a much greater success rate in getting a Bitcoin block than Solo.

Thank you a lot brother, and for sure today no one can mine with SOLO Mining in BTC, because of the difficulty become very high and you need a very strong devices, so i will add that for me i prefer to mine Altcoin, and then converted to Bitcoin.


CAUTION: Search and verify any information you receive, otherwise you will be just a puppet.

 

Best Faucet Of 2020 ; https://pipeflare.io/r/28q6

Made it by REDAMOUN With Love

 

Share this post


Link to post
Share on other sites

With solo mining, one may never get to mine any block, because of increased difficulty and other miners using more sophisticated mining equipment, but whenever they do, the reward is usually well worth it. With pool mining however, the likelihood to mine some blocks is high, but at the end of the day, the reward is shared among all participating miners.


 

 

Share this post


Link to post
Share on other sites
2 hours ago, redamoun said:

Thank you a lot brother, and for sure today no one can mine with SOLO Mining in BTC, because of the difficulty become very high and you need a very strong devices, so i will add that for me i prefer to mine Altcoin, and then converted to Bitcoin.

Yes, this is a very good note, for those who do mining and do not have strong mining devices, it is better for them to mining coins that are rather easy for bitcoin and then convert it to bitcoin, and this is much better. Thanks for this important addition.

Share this post


Link to post
Share on other sites
On 12/7/2019 at 9:49 PM, redamoun said:

Thank you a lot brother, and for sure today no one can mine with SOLO Mining in BTC, because of the difficulty become very high and you need a very strong devices, so i will add that for me i prefer to mine Altcoin, and then converted to Bitcoin.

No matter about solo mining or pool mining which is profitable, what's I know is that cryptocurrency mining is only need low cost of electricity in order to get profit

Share this post


Link to post
Share on other sites

Now to solo mining is really difficult than pool mining. Because you need big resource mining machine to win competition with pool. If you have for example 1 TH/s but the pool have 17 TH/s, your chance to get reward Bitcoin is very little, maybe you don't get anything.

Because basicly mining like lottery. But with joining pool if that group get the reward, they will divided based how much your mining power. That is more fair, save time, also efficient.


Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

Share this post


Link to post
Share on other sites

Both mining are good to me and profitable but I like pool mining . this type of mining is easier than solo mining and much profitable than pool mining.

Share this post


Link to post
Share on other sites
On 12/11/2019 at 4:23 PM, Akbor said:

Both mining are good to me and profitable but I like pool mining . this type of mining is easier than solo mining and much profitable than pool mining.

Yes, mining can be done in both ways, but solo mining is currently not profitable because you need a long time to be able to find one block on your own and you may never be able to find it.

 

Share this post


Link to post
Share on other sites

Solo mining is ok if you mine some new coin with low difficulty. As an example 2miners have a service to provide everything for solo mining (i.e. node etc)

Share this post


Link to post
Share on other sites

That's right your diffenition is good and help us to know exactly what is the difference between solo mine and mine with pools i have try mine with pools but not for a long time because i don't have a equal device to mine with it in my computer it's not good and not enough

Share this post


Link to post
Share on other sites

Thank to this opinion, well said and very knowledgeable. i hope the forum can teach more and share more knowledge in the future, looking forward to it. goodjob people.

Share this post


Link to post
Share on other sites

Thanks for sharing about the difference between solo mining and pool mining and your detail will give more help for the users of mining.

Share this post


Link to post
Share on other sites

I don't really understand what solo-mining is for. If only to try the software, to test it, to practice it. I don't see any other way out in our reality

Share this post


Link to post
Share on other sites
2 minutes ago, philosophy said:

I don't really understand what solo-mining is for. If only to try the software, to test it, to practice it. I don't see any other way out in our reality

solo mining is that you only mining on your own with your device only and without the participation of others. If you find a bitcoin block it will be yours alone. But the problem with this method is that it may take a very long time.

Share this post


Link to post
Share on other sites
18 hours ago, Zervanix said:

I think for bitcoin mining with the solo mining method is very difficult even more impossible, because the total hashrate is very high and if only using 1 ASIC device especially GPUs need a very high level of luck because the success rate is below 0.01%

This is for sure, even if the ASIC Miner will not be able to find Bitcoin blocks until after a very long period, and during this time it may be get malfunction or problems. This was in the past when bitcoin mining was still easy.

Share this post


Link to post
Share on other sites
Just now, Pinky55 said:

Solo mining that you can use your device.pool Ming is where a large number of devices shares a single pool.and also many peoples are there in pool mining.solo mining much profitable than pool mining

Not only is the difference in whether mining is single or collective, but more importantly, solo mining is very slow and can last for several years. As for pool mining, it is fast but its rewards are lower.

Share this post


Link to post
Share on other sites
54 minutes ago, Digicoin said:

Do you mean that mining requires only low cost of electricity? Can you tell us more about this, so, we can learn?

When I say that's mining need low cost of electricity, I mean that's you ate required to discover your another source of energy which doesn't cost anything such as biogas energy

Share this post


Link to post
Share on other sites
On 11/25/2019 at 1:00 PM, Crypto123 said:

Some people do not know the difference between these two types of mining

 

1- Solo Mining

It means that you can do it on your own using your own device. If you find a bitcoin block you get it on your own, which is equivalent to about 12BTC. If you don't get a full block, you won't get anything, no matter how long it takes for mining.

 

2-Pool mining:

Mass mining is where a large number of devices share a single Pool and they mining using the power of their devices combined. 

If they get a bitcoin block, this block is divided on everyone in different proportions depending on the strength of each device. This method is of course faster.

 

So mass mining is better because it has a much greater success rate in getting a Bitcoin block than Solo.

 

Share this post


Link to post
Share on other sites
15 hours ago, Gp4real said:

The difference between solo mining and Pool mining is that solo mining means that you can mine on your own with the help of your own device ,while pool mining means mining with other people and with a lot of gadgets.

Yes, that's right, and there is another difference, which is single mining. When you get a higher reward you take it alone, while mining a basin, the reward is distributed according to the strength of each device.

Share this post


Link to post
Share on other sites
Just now, Crypto777 said:

In solo mining, you'd be mining for the block rewards alone. In pool mining, you'd be mining for the block rewards together with other people. ... In solo mining, you'd be mining for the block rewards alone. In pool mining, you'd be mining for the block rewards together with other people.

Yes, your understanding of the topic is completely correct, and this is it, but I would like to draw your attention to the fact that you have repeated the sentence twice. You may not be aware of this, and it is best to pay attention in the upcoming times because supervisors are strictly monitoring and they may consider this a violation.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Сам тоже думаю не садиться в этот поезд, а то пошёл там выполнять их задания в Гелакси и только сбои да сбои, надоело там раз разом крутить кнопку проверки. Почему всё так происходит не пойму, полностью отбили мотивацию.
    • Если их машина по сжиганию будет работать отлично, то и токен будет в будущем расти из-за сокращения его огромного количества. Пока как знаю дела в этом направлении идут не плохо, но рост конечно идут за счёт Битка.
    • Да это уж многих удивило, сам тоже увы не в теме, хотя крос у меня стоил 10$, если был бы 100$, то точно зашёл бы в тему с ремонтом, а там уже каждый день за 20 дайсов мог бы получать по 0.5$ за 20 секунд.  Кстати у вас всё ещё видны ваши кеды ? Их можно ремонтировать 🤔
    • Да, типа это пользователи так сделали, что форум на дне, а ведь с самого начала нужно было понять, что на одной оплата так далеко дело не пойдёт. Нужно было с самого начала работать над качеством пользователей и жёстче бороться с ботоводами, мотивировать на создание топиков, дать возможность размещать реф ссылки во всех разделах форума, в том числе и сокращение ссылки, подключить рекламу к форуму, если так плохо дело с подписанными. И это только начало списка, где всё это можно реализовать, но нет никаких действий очень долгое время.
    • Отлично, что и у вас получилось, теперь можно будет вникать в тему, где как заметил сами их квесты много времени не отнимают, ну кроме проверки. Сделал всё, оставил на час или вообще зайдёшь завтра и уже можно минтить поинты.
    • Если так будет, то шансов на успех скорее всего будет не многовато, когда рынок может пойти на дно и даже Лаунчпад на Бинансе особо то не сможет помочь проекту. Хотя будет надеяться на то что всё пройдёт хорошо и после халвинга не будет сильный спад рынка.
    • Из-за чего про них будут помнить ещё несколько сотен тысяч пользователей, которых они не хило кинули. А всё могло быть иначе, если разработчики распределились с дропом получше как и вообще самим листингом токена.
    • Принимайте high risk платежи со всего мира с помощью Paykassma   Ведущее решение для обработки платежей в Индии, Бангладеш, Индонезии, Вьетнаме, Южной Африке, Бразилии и многих других странах с 2019 года   3,2+ млрд потенциальных клиентов на самых перспективных рынках ждут вас   100+ локальных платежных методов в одной интеграции: bKash, Nagad, Upay, Rocket, PM, PhonePe, UPI, UPI S, IMPS, PayTM, Easypaisa, Jazz Cash, Skrill, Neteller, Vietin Bank, Visa, Mastercard и многие другие   Попробуйте Paykassma сегодня!   Рост конверсии +20% Увеличение оборота x100 за неделю 99.9%+ успешных платежей Без роллинг резервов Без холдов Расчетный период T+0 Поддержка 24/7/365    Моментальный прием платежей, выплаты пользователям и вывод средств в BTC/USDT или через банковский перевод в любое время   Помогаем расти бизнесам в любых вертикалях с 2019:   iGaming Forex Trading Binary Dating E-commerce Education & more   Простая интеграция через API или Платежную страницу с настраиваемой формой оплаты   С чего начать?   Оставьте заявку по ссылке ниже, и в ближайшее время вы получите лучшее предложение для процессинга high risk платежей   Оставить заявку   FAQ   Как выбрать лучший платежный шлюз для high-risk ниши?   При поиске решений для процессинга платежей в high risk вертикалях очень важно оценить, сможет ли шлюз справиться с ожидаемым объемом транзакций, особенно в пиковые моменты. Ищите поставщиков с большим опытом работы в отраслях с высоким уровнем риска. Убедитесь, что шлюз соответствует требованиям PCI DSS. Проверьте, насколько легко интегрировать конкретный шлюз с вашими существующими системами. Paykassma работает на рынке high risk платежей с 2019 года, поэтому наша команда сможет обеспечить надежную инфраструктуру, способную без труда обрабатывать платежи в любом масштабе.   Что такое процессинг high risk платежей?   Обработка high risk платежей – это услуги, предоставляемые Paykassma бизнесам, которые работают в вертикалях с повышенным риском возврата платежей, мошенничества или более склонны к финансовой нестабильности. Регулирующие органы часто осуществляют усиленный контроль над подобными организациями. Это такие вертикали как электронная коммерция, фарма, нутра,  форекс, трейдинг, азартные игры (“гемблинг” или “гэмблинг” как казино, “букмекерство” или “беттинг” как ставки на спорт), развлечения для взрослых и другие. Будучи ведущим платежным процессором в high risk сегменте, Paykassma специализируется на работе с такими видами бизнеса, предлагая им возможность принимать оплату через 100+ локальных платежных способов по всему миру.   Что такое high risk merchant account?   High-risk merchant account – это тип банковского счета для бизнеса в сегменте high risk. Наличие подобного счета позволяет компаниям работать и развиваться, принимая платежи в режиме онлайн. Для high risk merchant account очень важно найти подходящего платежного оператора, который понимает их отрасль и может предложить условия и услуги, соответствующие их конкретным потребностям. Paykassma – выбор лидеров индустрии, проверенный и надежный поставщик high risk merchant account на рынках Азии, Африки и других регионов с 2019 года.   Попробуйте онлайн-демо     Отправляйте заявку по ссылке ниже, и мы предложим вам лучшее решение для обработки high risk платежей по всему миру в ближайшее время       Оставить заявку  
    • Уважаемые форумчане!Рады сообщить, что наш обменник разместился на мониторингахhttps://glazok.org/exchange/?details=1274 https://www.okchanger.ru/exchangers/xgramБудем рады Вашим пожеланиям!
    • Друзья, наши курс на данный момент: BTC – RUB – 6 285 602 (Не забывайте, что курсы нестабильны, точные данные можете узнать в моменте у поддержки)
×
×
  • Create New...