What is the difference between Solo and Pool mining?

[Crypto123 0]

16 hours ago, Philipadex said:

With solo mining, one may by no means contract to pit any block, as of augmented exertion and other miners by supplementary difficult mining equipment, but when on earth they do, the reward is ordinarily extremely importance it. With bring together mining however, the likelihood to dig for nearly blocks is high, but at the close of the day, the reward is collective amongst the complete participating miners.

This is true, at the present time it is difficult for anyone to do mining individually. Collective mining or the so-called pool mining is the only one possible today, but if high-speed computers are invented, the situation may change in the future.

[Goody28 259]

I don't read know that there exist different types of mining like pool and solo mining this is actually the first time I am hearing about it we get to learn new things everyday that's why I choose to be in this forum

[Crypto123 0]

1 hour ago, cdr Nadim said:

Better to use the swimming pool than the mining route.  Cythink If I dig a single, the block may be too low and it will cost a very long time it is risky for me.  Some hashtags can be a great alternative to mining sythink.

 

Certainly, if you mine on your own at the present time which is called solo mining, you will not get anything and it may take a long time and you may end your life before you can mine one bitcoin block.

[Lubruselu 2803]

I think the solo mining you'll be mine your own without the support of collecting blocks from pool mining... And pool mining you'll be mine through the mining pool and they will be take some  fees from you

[Luciferludz 1442]

3 hours ago, Lubruselu said:

I think the solo mining you'll be mine your own without the support of collecting blocks from pool mining... And pool mining you'll be mine through the mining pool and they will be take some  fees from you

Ahh! OK I got you the differences between solo mining and pool mining, so that's we can take the example of solo artist and the artist signed under the label right?

[Rifade01 6]

In fact I am very curious to know about this topic.  For this reason if anyone has enough knowledge about mine please tell me! 

[Crypto123 0]

18 hours ago, Anik Sheikh said:

Yes basically I have no experience and knowledge about mining and pool mining because I never use this mining platform and don't know how.

Well, thank you, my dear, your response that you do not know is several times better for me than some people who copy and paste responses or comment in ridiculous words that have no meaning, it is not a shame that a person says I do not know, but the defect in the behavior of some of these members.

[Beromnia 733]

Welcome with me
Thanks for the upscale topic
I explained the difference between individual and group mining in an excellent and simple way
Pool mining is the strategy that all mining companies currently follow

[Zisan95 71]

For mining cryptocurrency, you need to invest a lot of money. You have to build a super computer with higher configuration. You also need a faster internet connection and graphics card.You have to invest minimum money for trading. If you want to mine then you have to invest a lot of money. but Mining is not profitable. Trading is profitable. Because, for mining cryptocurrency, you need to invest a lot of money. You have to build a super computer with higher configuration.

[Zaibi Zia 22]

Well the event that there is acceptable force for discovering squares consistently, at that point a hub rises and all hardware is set in opposition to it. So you solve two problems at once - and you don't pay the pool commission and safeguard yourself against robbery or out of line dissemination of the award from the pool.....

[Brushless4500KV 4214]

Solo mining requires lots of capital, equipment and expertise. It is not for everyone except wealthy and knowledgeable people. But if you have what it takes, solo mining is the most profitable type of mining because whatever you earn is all yours.

in Pool mining you enter in a group of miners to share costs but rewards will be shared too. In this method, you will earn less but you don't need to invest in buying expensive tools. This is the safer method and is more suitable for those who have less experience.

[Crypto123 0]

6 hours ago, Brushless4500KV said:

Solo mining requires lots of capital, equipment and expertise. It is not for everyone except wealthy and knowledgeable people. But if you have what it takes, solo mining is the most profitable type of mining because whatever you earn is all yours.

in Pool mining you enter in a group of miners to share costs but rewards will be shared too. In this method, you will earn less but you don't need to invest in buying expensive tools. This is the safer method and is more suitable for those who have less experience.

Welcome my dear friend, frankly I miss you and I miss your responses here, I am tired of these worthless responses that come to me, especially from the new members, they are making responses that have nothing to do with the topics and at a very low level and they don't know anything. You can look at some of them and you will see the low level. Thank you always for your distinctive and good responses.

[pablomarwan 3082]

You have the right to pool mining better than solo mining  in practical terms. Basin mining is a guarantee because it guarantees you a good repentance gain, no matter how little, because overall the possibility of finding blocks and you on the basin is almost certain, unlike mining Solo, which is more gambling than mining.

[Ionescu 115]

I think solo mining is good when you have a lot of money to invest and you can afford having your own pool while if you are just using a few rigs then it's better to join a pool and mine with other people togheter 

[Jinorkhan 10]

It is true that without digging you need a very high specification computer and a download, except that you can take your own life before you get a block due to mining difficulties.

[bliznec 22267]

First of all, join the ranks of mining, you need to decide what you need. Choose solo mining, where you mine one, or choose pools and mine with everyone. The first is much better and have your own equipment too. 

[Brand1 1336]

What you say is true and your information is very valuable. There are mining farms called cryptocurrency mining farms, which are processors and devices that are linked to each other and connected to a renewable energy source, which is a solar panel that generates electricity.

[newsdrugin 5]

Solo mining is done on your claim, and since mining trouble has expanded so much it is frequently compared to buying a lottery ticket since you've got a very moo probability. of being the primary to illuminate a square. Of course you don’t need to share the compensate when solo mining, but it seem take months or longer to discover a square.

[bitcoinb 1359]

Pool mining guarantees a regular income but not necessarily higher, each "share" submitted will be taken into account for payment. For solo mining, only the blocks found count for payment.

[Whited35 15285]

Good figure of the differences between these most popular term. I am myself a solo miner. I have the mining equipment supported by the mining software. I am  regularly using this to mine btc with the vale of $7 per day. It just needs the good devices. 

[bitcoinb 1359]

2 hours ago, haggrymi said:

Pool mining is to create a mining farm with other diggers. This can be profoundly prescribed for mineworkers.

I am using both solo mining and pool mining, it depends of my mood and what coins I want to earn. I already know what is the difference. Thanks

[Sapdrx 469]

By participating in a mining pool you spread the risk of failing equipment together.  It means also that it is much easier to mine in a country with low electricity fees optimising the return. 

[AkaCrafterCZ 1140]

If you try solo mining without many ASCIs, you won't probably ever find the block by yourself, which makes it really unprofitable. Mining pools are nowadays profiting from fees when you are mining. Pools can have up to 1% fees on all your earnings, so it's important to find the best one. Which pools are you using to mine coins?

[ETheHedgehog 3104]

If you have some really high power mining devices you can solo mine, but it does depend on how much you want to wait to get money as you either get a huge amount or you don't get anything

[ETheHedgehog 3104]

13 minutes ago, cautercast said:

Mining pools are predominant since you're making coins each single day.

I agree, pool mining is definitely the better option as if something happens to your rig after like 1 month and you still didn't finish mining one block would be a disaster but with pool mining you are getting all the time