Post
Topic
Board Beginners & Help
Re: Am I mining or just running up my electric bill?
by
Goidox
on 02/05/2013, 15:59:53 UTC
Ok, that makes sense.  I know that going solo is the hardway to go and would take longer to see any results.  I seen some posts on the GUIMiner support thread that showed quick results, so I wasn't sure if I had set everything up correctly. Was more concerned whether or not I was actually mining and that it's configured right.  I'm going to look into the pooling and research that.  Does your internet speed also affect your ability to mine? 

So if I understand correctly, if I'm solo mining.  I have to solve a whole block before receiving anything?  If I join a pool, I'm "paid" by how much work my machine does if that pool solves the block?

Yes that is correct, when joining a pool you receive consistent payouts depending on the amount of work/shares your machine does, as opposed to waiting x amount of days to solve one block solo mining until you receive the 25 BTC Bounty.