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Crypto currency Mining / cloud mining?
« on: October 20, 2020, 10:43:12 AM »
I have a question, would you mine alone or mine together in a group? Both have their own advantages and disadvantages, for instance, mining alone can have greater rewards since you don't have to divide the rewards between miners but you need to provide at least 0.11% of the hash rate to earn 1 BTC per day which is a LOT. You would need around 1200 Antminer S19s to get that sort of power and yeah that's pretty expensive! However, if you're mining together in a group forming a mining pool, chances of discovering a block is higher and less time consuming, you don't need to provide much hash power. Then again, rewards are divided depending on the hash rate each miner provides. What would you choose?