Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [QCN] QuazarCoin | Privacy&Data protection | CPU only | Optimized miner
by
polecrab
on 19/06/2014, 20:59:40 UTC

Mining for pools where you are more than 1% can be rather difficult, and despite all the talk of decentralization it's actually provably less profitable to mine at a small pool than at a large pool. If it's not, then why doesn't everyone just stick with solo mining forever? Because you'll likely never find a single block that way, just like a small pool will only find blocks infrequently. A pool with 3% of the hash rate for example is likely to find about 2.7% of blocks in my experience, while a pool with 1% might only find 0.5% of the blocks. And a pool with 35% of the hash rate might find 37% of blocks. But that's a topic for discussion elsewhere.


I don't doubt that is correct. I also have found that the pools not generating dust for my hashrate are not at all reliable. It seems to be a problem with all the Bytecoin code derived coins. Other coins I have mined in pools (litecoin and vertcoin) do not seem to have these problems.