How does solo mining for ethereum in 2017 compare to using a mining pool?
Allison BarbeeJan 13, 2022 · 3 years ago1 answers
In 2017, what are the differences between solo mining for ethereum and using a mining pool?
1 answers
- Jan 13, 2022 · 3 years agoAt 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.
Related Tags
Hot Questions
- 97
How can I protect my digital assets from hackers?
- 75
What are the best practices for reporting cryptocurrency on my taxes?
- 75
What is the future of blockchain technology?
- 72
What are the best digital currencies to invest in right now?
- 67
How does cryptocurrency affect my tax return?
- 43
Are there any special tax rules for crypto investors?
- 37
How can I buy Bitcoin with a credit card?
- 31
What are the tax implications of using cryptocurrency?