Mining pool comparison

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There are lots of videos and articles on what Bitcoin difficulty is, and lots of charts on how it has changed over the past couple of years. But this isn't really helpful if you're thinking about investing in cloud mining, or maybe even buying your own mining rig.

We focus on key factors that may affect Share difficulty litecoin value difficulty in this guide. If you're looking for how profitable ASIC miners are insee this guide. So let's start by looking at how Bitcoin difficulty has changed every 4 months for the past 3 years:.

Sep - As of 19th Decembermany difficulty charts, including the one above, seem to be displaying outdated data. We've posted a video explaining the cause of this here. Looking at the Blockchain chart above for the past 2 years, it definitely looks exponential; e.

But the figures for the past 3 years don't do that, they vary significantly. In it took around 11 months for the difficulty to double, in early around 6 months, in late around 8 months and then in between months.

Rather than doubling at a consistent interval, it seems to vary based on factors like available hardware and public interest. What we're suggesting is that the rate Bitcoin difficulty is increasing is not fixed, and can be anticipated.

Right now, in DecemberBitcoin is very popular, with thousands of new investors and miners every day - so significant difficulty increases are to be expected. Many new people are interested in bitcoin mining, share difficulty litecoin value hardware manufacturers to sell miners in larger quantities, causing more total hashpower to be available - driving Bitcoin difficulty up.

The key relationship here is that the amount of new hardware becoming available is strongly linked to the demand for it. A risk is that if the people making these miners produce too many, the difficulty will rise so fast that Bitcoin mining profitability goes down massively. This occurred for Dash when the Antminer D3 came out.

There are also scenarios that can cause Bitcoin's difficulty to decrease. August is a good example of this, where a lot of miners moved their hashpower to mine Bitcoin Cash as it was more profitable at the time. This share difficulty litecoin value hashpower mining Bitcoin, causing Bitcoin's difficulty to decrease for 2 weeks. If you stay up-to-date with these types of scenarios and mine the more profitable coins Bitcoin Cash in this scenarioyou can get extra coins for 2 weeks and sell them immediately for a great return on investment or just HODL them!

Another argument suggesting Bitcoin mining will remain profitable long-term is to look at it from the perspective of large mining operations. If you were a miner running a large setup, and Bitcoin mining was to no longer be profitable, then you'd likely start mining something else that was.

If there were no profitable coins share difficulty litecoin value a long period of time, you'd likely have very high operating costs and be forced to shut down your operation eventually.

For a smaller miner running just a few Antminers or some cloud mining, this would be less of an issue. So in theory as long as Bitcoin stays popular and its price continues to increase, if you can get cheap electricity Bitcoin mining should always stay profitable. This last argument in particular is very speculative, so be aware that for a worst-case scenario if Bitcoin's price was to fall for a long-period of time, even if you had cheap electricity, there's a risk that mining it would no longer be profitable.

In Junethe reward for Bitcoin mining share difficulty litecoin value half. This could cause big issues in the long-term as it essentially makes it half as profitable overnight. So if miners are only making a small profit prior to this, they'll then be running at a loss just after it.

At this point share difficulty litecoin value contracts on sites like Genesis Mining will likely no longer be profitable although they might not even last that long.

This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for share difficulty litecoin value informational purposes only. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. Trading or mining any form share difficulty litecoin value cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.

This website is monetised through affiliate links. Where used, we will disclose this and make no share difficulty litecoin value to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of share difficulty litecoin value.

Don't rush into anything, do your own share difficulty litecoin value. As we write new content, we will update this disclaimer to encompass it.

We first discovered Bitcoin in lateand wanted to get everyone around us involved. But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed! Click here for more information on these. All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice.

Expected Bitcoin Difficulty in Sep 19th, Updated Jan 26th, Mining There are lots of videos and articles on what Bitcoin difficulty is, and lots of charts on how it has changed over the past couple of years.

This guide share difficulty litecoin value our thoughts on what will affect Bitcoin difficulty over So let's start by looking at how Bitcoin difficulty has changed every 4 months for the past 3 years: Rate of Bitcoin difficulty increase Looking at the Blockchain chart above for the past 2 years, it definitely looks exponential; e. May 5th, What is the Antminer Z9 Mini? Written by the Anything Crypto team We first discovered Bitcoin in lateand wanted to get everyone around us involved.

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My question is, should I be mining solo? Thats how it works, you can be very lucky, go solo and keep finding blocks, but it can be the other way around.

I think you need a full node to solo mine. I suspect I need to set up a server, run litecoind, and do some other things then configure the A4s to connect to that server? I ended up working on this today, after thinking more about how I want to participate in Litecoin, I realized beyond wanting the full reward, I just want contribute by maintaining my own node.

I put together a tutorial on how I setup my own node and mining pool for my machines here: Definitely going to post here when I find my first block. Hopefully, that happens in the next 30 days…. So far things seem to be working out.

Though when mining at litecoinpool. Those stats above are over the course of 3 months. First 15 days my hash rate was in the 10s of MHs though. Still no blocks found. I have an alert set up for that too. Currently set to my workers hash at Mhs, Mhs, and Mhs. The difficulty is set at the pool so each workers is getting the same difficulty.

Anyone besides me think that this will be worth it? First, I looked into merge mining Dogecoin. Could not figure that out for the life of me. Spent many nights up late trying to research how to do it. Second, my more powerful machine seems to stop sharing and does not fail over to another pool. I have Stackdriver logging setup to watch share activity and I get an email when this happens. Screen Shot at A simple reboot of the miner solves the issue.

Thanks, everyone who has contacted me about my tutorial on Github , please star my repo if you found it helpful or informative. Agreed, the 25LTC reward will make it all worth it. When I was mining as part of a pool, it took me like 45 days to find a block which is lucky.

I also have two Gridseeds which were my mining training wheels. The prospect of a full 25 LTC reward still seems worth it. Still having issues with where my machine stops submitting shares. What I also find crazy is just how fast the difficulty has jumped.

I have a question, where do you buy your mining rigs… all the places I have seen around they all look like a scam…. Good to know someone else is out there hoping for the I get lucky. I was just wondering is it possible to set up the stratum server on an old computer and connect it to your home network? I am still eagerly waiting to find a block. I am still eagerly awaiting a block. I get tempted to stop trying to mine solo and just go back to pool mining all the time.

For anyone reading this, I recommend sticking to pool mining at the moment. I spent the last week digging into the concept of share difficulty and eventually settled on bumping the share difficulty I was using up significantly. I opted to go with a difficulty of which gave me between 4 and 10 shares per minute.

I hear that the share difficulty has no impact on the earnings however, I also hear that setting a higher share difficulty puts more of the work on your miner. So the worker spends more time hashing in order to find a hash that meets or exceeds the share difficulty. The other configuration I looked into was maxconnections on the Litecoin Daemon. This is just a number to limit the peers that my Litecoin Node will connect to. I left this out at first and noticed my instance was sucking up a lot of bandwidth and I had about 90 connections or so.

Seems like that project is more maintained and comes with a front-end which might be interesting. I did a ton of research back in into open source stratum mining software and the database for registering users and setting up wallets, unfortunately a lot of what I learned at the time has already been improved upon and updated….

But now you got me thinking about it for sure. I used to point my older equipment to a solo pool op that nicehash ran something like solo. Now I just point them to my own pool. If you need your own pool and want to run your own node, I can help you out though. Node Open Mining Pool.

I plan on switching my underlying software this weekend to use that codebase instead of the version I used from UNOMP. In the long run, I think going solo will be a better option because of the transaction fees.

Solo Mining vs Pool Mining Mining. Thats how it works, you can be very lucky, go solo and keep finding blocks, but it can be the other way around I think you need a full node to solo mine.

Solo Mining Litecoin I hope some people find this useful. Let me know what you think about the tutorial. Hopefully, that happens in the next 30 days… So far things seem to be working out. There were some bumps. What miners do you have? Straight from the manufacturer or eBay. Yes I find it easier to work with. Right now I just use CloudWatch as my view into the performance of the system.

I did a ton of research back in into open source stratum mining software and the database for registering users and setting up wallets, unfortunately a lot of what I learned at the time has already been improved upon and updated… anyway keep up the updates!!