Hey there crypto miners, I’ve been absorbing all the great info on this forum but I’ve still got a bit of a mystery on my hands. I’ve recently gotten more into Ethereum mining and I’m trying to make sense of when it might be a good idea to switch from a mining pool to solo mining. I could use your expert opinions on how I should consider my MH (MegaHash) in this decision-making process.
To give you a bit of a background, I’ve been mining Ethereum on a pool for a while now. The steady trickle of earnings has been nice but I can’t help but wonder if I’m missing out on bigger profits. From my understanding, solo mining can be more profitable if you have a high MH. I’m currently clocking in at about 100 MH/s.
Hitting a block solo might mean a windfall for me but I’m just not sure if my current MH is up to it. I know some of you out there have made the jump to solo mining. How did you make your decision? What MH did you have when you first started solo mining?
I’ve seen a lot of talk about block rewards but not as much about the actual mining power needed to go it alone. I think this kind of discussion could really help me out, and perhaps others who are in a similar situation. Would love to get your insights on this – are there any miners out there with a similar MH contemplating the same switch? Or anyone who’s already made the leap? How’s it working out for you? Let’s get this conversation started!