Post
Topic
Board Beginners & Help
Re: Am I mining or just running up my electric bill?
by
Birdy
on 02/05/2013, 16:01:02 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's right.
Altough pools may have fees, so overall it's a bit less for you.
On the other hand for a lot of people receiving small payments over time is better, because there is less luck involved.