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Mining of crypto-currency on the GPU - pools or solos?




In mining, crypto-currency on GPU video cards has two directions for extraction - pools or solos. The choice of one of them directly depends on the capacity of your equipment, the selected coin and its current network characteristics.

Solo Mining on GPU (Solo mining)

With this method of extraction, only the power of your equipment is used. Solo mining will be beneficial in the event that your capacity is comparable to the total capacity of the network of a particular coin.

The point of this extraction is that you are trying to find a unit alone on your equipment, for which you will then receive a reward in the form of a certain number of coins.

This type of mining can be compared with a roulette, as it will require some luck. The more power you have, the more likely it is to find a block.

Let's try to calculate the approximate income from solo mining when mining the Zencash crypto currency (ZEN):

Block time 2 min. 29 seconds
Number of blocks found per day - 970
The total power of the network is 11.87 Mh / s = 11,870 kh / s = 11,870,000 h / s
Production Algorithm - Equihash
For example, you have a farm consisting of 30 video cards GeForce GTX 1070. The performance of such a farm will be approximately 30 x 430 h / s = 12900 h / s. As a percentage of total network capacity, this will be 0.1%. Thus, the estimated income from solo minings per day will be: (970 blocks x 0.1%) / 100% = 0.97 blocks. That is, with such a capacity of the equipment can be found 1 block per day.

The reward for 1 unit at the moment is 11 Zencash coins. Then the estimated profit will be 0.97 x 11 = 10.67 Zen / day or at the current exchange rate (1 Zen = $ 6.81) = $ 72.66.

Solo mining can be advantageous at the start of any currency, when the total network capacity and complexity is small, since the probability of finding a block will be higher. Well, accordingly, you should not go solo with small capacities, since you can not find a single block in a week.

Mining on GPU through Pools

The extraction of crypto-currency through the Pools is the most common way of mining.

A pool (mining pool) is a server that combines a lot of miners for joint production of crypto-currency. When the block is found by one of the participants, the reward for the block is distributed among all participants in proportion to their contribution to the search.

Contribution of the participant is estimated by the number of so-called "Shar" (Share), sent by the miner to the server (pool). The number of balls found depends on the capacity of your equipment.

There are many pools for co-production. A separate branch is the Poole for Bitcoin mining.

Top 10 pools for Bitcoin mining capacity
AntPool
ViaBTC
BTC TOP
BTC COM
BTCC Pool
F2Pool
SlushPool
BitFury
BitClub Network
Bixin
Their total capacity is 84.2% of the total network.

Basic Pools for Mining Ethereum (ETH)
Ethermine
Ethpool
Nanopool
Ethereumpool
Eth.Suprnova
Dwarfpool
Nicehash
Pools for mining Ethereum Classic (ETC)
Ethermine
Etc.gpuminer
Ethteam
Etc.Suprnova
Minergates
Epool
Etcmine
Pools for Mining Zcash (ZEC)
Flypool
Coinmine
Dwarfpool
Nanopool
Zec.Suprnova
All pools can not be described within the framework of this article, as there are a lot of them. Therefore, a detailed description of the pools is found in the appropriate section.
In order to start crypto currency on GPU graphics cards, you need to collect a Rig or an entire farm, register a purse, select a crypto currency, choose a pool or solo, set up software and start your long, dangerous, unpredictable but interesting way. Good luck in your endeavors and big profits!

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