Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.įinding a good mining pool is important because it’s going to save you money. While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner. Mining pools are groups of cooperating miners who agree to share block rewards in proportion to their contributed mining hash power. Now that you have Bitcoin mining hardware, your next step is to join a Bitcoin mining pool or buy bitcoin. ![]() Jordan Tuwiner Last updated August 3, 2022 I do 3300 mh/s with my 5 TI's on pool, and 6500 mh/s in soloīut yeah, I have the feeling i will not find anything in solo, even at this hashrateįor now, 9 hours without hitting anything. I understand clearly it's more safe and profitable to mine in a pool, but I wanted to test solo since myu hashrate in pool is half of my hashrate in solo. ![]() I can guide you through signing up to the mining rig rentals platform if you need help. Lots of people keep getting GRLC rigs to hash for them these days. Oh, and consider that renting is another option: In my opinion, you'd better use a pool if what you want to do is get some coins, there are certain ones with low or even no fees. But with GRLC being so new I think that it's even more of a gamble to solo mine because the coin's uncertain future. 1/1000 of the network's hashrate is solo-mining worthy, meaning that it makes more sense to solo mine in such a network other than in bigger ones. Independent miners usually choose pool mining to stay closer to the average and not depend on luck. Even pools are affected by luck in mining but it's averaging out through time to a very small percentage due to them owning a big proportion of the hash rate. You could go 150% the average calculated time or much, much more (even if the difficulty stayed the same) without hitting ANY blocks. You can try it if you feel lucky but there's no guarantee averages will work out for you. So, you think I can try solo given my 6.5 MH/s, and having hope of finding a block during next days ? And consider stopping pool mining given the low garlic network hashrate compared to other 'big' coins ?Ĭause yeah, I would not want to loose a lot of days without findind anything, and mining for nothing. Better mine on a pool if you want a steady and reliable stream of coins for your hashrate. It takes the difficulty at the time and calculates based on that and the target as a constant. The calculation is mostly based on averages and expected values. But garlicoin's mining network isn't all that huge.Įdit: other than that though, solo mining is mostly lucky. 1000 blocks in Garlicoin need 11.11(.) hours to be mined based on the target of 40 seconds. The coin has a block time of 40 seconds and the calculation is based on that. ~12 hours is just the average by which you'd mine a block in Garlicoin if you were 1/1000 of the entire hashing power. Is it a waste of time given this low hashrate ? I'm trying for the first time solo mining, but I begin to think I will never find any blocks.Ħ.5 MH/s is 6500 KH/s so ~12 hours isn't unreasonable when you're 1/1000 of the network. What is the right mat to calculate the block find time reward given the hashrate in solo ? ( the network hashrate is 6.5 gh/s so I have 1000 times less )īut this profit calculator gives 12 hours : With only 6.5 mh/s hashrate in solo mining, I calculate approximatively 65 hours to find a block. as you can see, it's using other kernel instead of scrypt-n. New blocks detected on network: 2ĭoes anyone have any experience of successful mining on AMD under LInux? ![]() Submitting work remotely delay occasions: 0 Unable to get work from server occasions: 0 ![]() Stale submissions discarded due to new blocks: 0 Work Utility (diff1 shares solved / min): 0.00/min Utility (accepted shares / min): 0.00/min Algorithm scrypt-n not found, using ckolivas.
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