![]() It is likely though that with the increase of value of ERG the difficulty will rise due to an increase of the Network Hashrate because more miners will join. Hopefully this will give a better overview for everyone to decide on their own if they want to solo mine =). Ok I added a few example numbers and corrected the earlier mistakes of writing 10 TH/s instead of GH/s and having estimated days of 22.8 days instead of the correct 2.28 for that. I did a rough estimate for different Hashrates for the current difficulty level of 1.86 PH:Įstimated days needed for Block when mining solo Haven't been able to gain experience regarding that yet. I tried to give advise to the best of my knowledge about solo mining. Is there something I am missing? Will most people never even see the reward until way after the expected time because of way too much competition from other miners, or does the extra competition simply add the expected amount of time to finding the next block, in which case solo mining is perfectly practical? This always bugged me about Ethereum miners too, always saying solo mining is impractical. I'm not against pool mining I just don't like the blanket statement that solo mining is impractical below a certain hash rate when it all it does is add the expected amount of wait time to find a block. As long as you are not needing the income right away there is nothing wrong with waiting longer for a large reward. ![]() If everyone just mines to a pool, then all attackers have to do is target pools. The reason I say to be careful to advise against solo mining is pool mining vs solo mining on your own with your own node is a form of centralization. Of course it will depend on luck much more than regular pool mining, so it is very much an estimate. You can estimate an approximate time to payout by looking at the full block reward and calculating how long it would take to mine that much Ergo on a regular, non-solo pool. It is perfectly fine, just takes longer to get a payout. Please be careful not be overly eager about advising people with low hash rate not to solo mine. Will be checking in on this post and possibly update and give more necessary information. I personally am on Herominers and WoolyPooly in order to help with that but solo mining in a private pool is another way of contributing to decentralization if you have the hashrates. The system should be kept as decentralized as possible (meaning the less % a pool has the better). Note that in the spirit of decentralization - one of the key points of ERGO's Vision - it is advisable to not join any pool that inhabits more than 50% of the network hashrate or even more than 40%. profitability calculators minerstat, WhatToMine.MiningPoolStats for a list of pools to join and some stats.Ergoplatform on mining for further information (Pools, Miners, Calculator).making your own ERGO node and wallet and mine directly to it ( Solo mining in a private pool) (no pool fee) ( tutorial video).mining collectively with a shared hashrate and steady proportional gains.as a solo miner (Please see below discussion and table for further info to help you decide if you should solo mine).You can use these miners by joining a pool ( fee of 0,9-1%) ![]() Regardless think about what contribution you could make to improve things. If your thinking about "just getting the fee free miner(s)" consider the devs that put at least some if not a lot of work into them. The miners with fees had better optimized hashrates for me. Need OpenSSL, MS Visual Studio C++ toolchain and CUDA toolkit Not sure about the Fee % as different amounts are displayed at different placesĮquivalent to NVMiner but did not check as i only had Nvidia card If you haven't already checked requirements for mining Ergo you can check out this overview with a list of essentials needed for mining Ergo. ![]()
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