Quote from: Bert on September 12, 2011, 04:42:05 PM

Quote from: Dargo on September 12, 2011, 04:29:59 PM

Mining in a "collective" as the OP suggests would, at best, yield a few percent more profit compared to mining in a standard pool. Since pooled mining produces only modest returns at best, there is no way anyone is going to get rich by following the OP's suggestion. My guess is that the OP doesn't really understand the economics of mining, and hasn't done realistic calculations. Basically the OP has just made an off the cuff remark that has no basis in reality.

+1

All you would get extra are the block fees, which are next to nothing (circa 0.01%). Even if you were pushing double to triple digit Ghash/second they are still relatively nothing (at the moment) In a few dozen years the fees MAY be more than the block generation value.
e.g.
Generation: 50 + 0.0178 total fees
Generation: 50 + 0.0015 total fees
Generation: 50 + 0.0235 total fees
Generation: 50 + 0.0045 total fees

That really depends on the pool; Eligius pays everything. Maybe OP doesn't know about pooled mining?