I am new to mining. I have several S3's and an S4 and have started mining today.
What I have noticed as a relative outsider is the following:
Whatever your hashrate, you will only earn money when your pool finds a block. So when all the pools that you are not with are finding blocks, your own pool is eating up electricity for nothing. I noticed in some pools that it took a massive 6 hours to find a block.
Have I got this wildly wrong or should all pools integrate into one big one?
What I have noticed as a relative outsider is the following:
Whatever your hashrate, you will only earn money when your pool finds a block. So when all the pools that you are not with are finding blocks, your own pool is eating up electricity for nothing. I noticed in some pools that it took a massive 6 hours to find a block.
Have I got this wildly wrong or should all pools integrate into one big one?
You are correct. The entire Bitcoin network could be operated on a single machine. The amount of electricity being wasted in ungodly.
Maybe Satoshi was a computer programmer for a power company.
