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How does solo mining for ethereum in 2017 compare to using a mining pool?

avatarLamis BhombalDec 27, 2021 · 3 years ago1 answers

In 2017, what are the differences between solo mining for ethereum and using a mining pool?

How does solo mining for ethereum in 2017 compare to using a mining pool?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we recommend using a mining pool for ethereum mining in 2017. Solo mining can be extremely difficult and time-consuming, especially for individual miners. Joining a mining pool allows you to pool your resources with other miners, increasing your chances of earning rewards. Additionally, mining pools often have lower payout thresholds, allowing you to receive more frequent payouts. However, it's important to choose a reputable mining pool with a good track record and reasonable fees. Remember to do your research and consider your mining setup before making a decision.