Cryptocurrency Q&A
Can you solo mine etc.?
Can you solo mine etc.?
Elena
Thu Jan 02 2025
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5 answers
1402
I'm wondering if it's possible to mine Ethereum Classic (ETC) solo, without joining a mining pool. I want to know if I can do this independently and what the implications might be.
5 answers
CryptoGuru
Sat Jan 04 2025
On the other hand, mining in solo mode means you are working alone. You are solely responsible for your mining efforts and the rewards you receive.
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Silvia
Sat Jan 04 2025
In solo mining, if you fail to find any blocks, your reward will be zero. This can be a risky proposition, as there is no guarantee of success.
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Riccardo
Sat Jan 04 2025
For those considering Ethereum Classic solo mining, it is generally recommended only for experienced users. Solo mining requires a high level of technical knowledge and dedication.
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Elena
Sat Jan 04 2025
Additionally, solo mining is only feasible if you have a strong mining setup and can consistently find at least 2-3 blocks in 24 hours. This can be challenging even for seasoned miners.
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Valeria
Sat Jan 04 2025
Mining in a pool involves collaborating with other miners. This approach allows you to pool your resources and increase your chances of finding a block.
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