Mining Pool vs. Solo Mining: Why Teamwork Wins?
There was a time when solo mining was profitableāyou found a block, got the reward, life was good! But times have changed. Today, network difficulty has skyrocketed to the point where mining alone is like trying to catch a golden fish in the ocean.
Why is a mining pool better?
Stable income ā Instead of rare big payouts, you receive regular rewards for contributing to the total hashrate.
Less downtime ā Strong pools ensure stable operation and distribute the load efficiently.
Lower fees ā Exchange-backed pools or large platforms offer competitive conditions, often with bonuses.
I was curious to run a small poll on Reddit to see what miners are using, and I was pleasantly surprised by the positive feedback on WhiteBIT new mining pool, White Pool. I wouldnāt say I was shocked, but it's impressive to see them succeed in such a competitive niche. Apparently, theyāre doing a great jobākudos to them!
Sure, solo mining gives you a chance at a huge payday, but in 2024, itās more of a lottery šļø than a strategy. If you want stable earnings instead of relying on luck, a mining pool is your best friend.
#SoloMining #miningpool #miningBTC #CryptoExchange