Whether to Opt for Solo Mining or Join A Pool?

Lilly Wilson - Jun 25 - - Dev Community

Solo mining involves mining cryptocurrency alone, while pool mining requires joining a group of miners. Pool mining is a good source of revenue because rewards are distributed according to the miner's contribution. Pool mining costs, however, reduce earnings significantly. Solo mining is more profitable due to the lower computer power. However, it reduces your chances of finding blocks. Risk tolerance and financial goals will determine which option you choose.

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