• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

What are some advantages of Solo mining?

  • Thread starter Thread starter Good-Person
  • Start date Start date

Good-Person

Guest
Solo mining involves mining cryptocurrency alone. This may mean that you own all the coins that you mine. However, you must have your own hardware for that. So, what are some of advantages of solo mining?
 
Residualearner said:
Solo mining involves mining cryptocurrency alone. This may mean that you own all the coins that you mine. However, you must have your own hardware for that. So, what are some of advantages of solo mining?
Click to expand...
The fact that you own the crypto is an advantage but a lot of people may not have the money to buy the hardware
 
I think solo mining will be very good because only the miner owns every thing he mines, if he mines plenty coins, he owns every thing all by himself, he would not be worried about sharing anything with anyone else.
 
Solo mining gives you full control over your mining process. This is a major benefit. However, when it comes to making profits, solo mining is not so great. THis is the major disadvantage of solo mining.
 
You must log in or register to reply here.
Back
Top