Plus fees. Not minus...
Discussion
Pool fees probably. Solo CK takes 2% for instance.
i thought these were solo and similar to lotto ticket odds, although i love the decentralized hash rate component. do some folks point the has rate to a pool ?
The "pool" is providing the service of creating the block template for you.
So it's not really a pool in that sense, just lowering the barrier to entry for solo miners.
CKpool charges a small fee for this (has been around a long time), Public Pool is newer and does not charge a fee.
ok so its the block template. thanks for the clarification
Do you want some #bitcoins ?? Send me a dm!
The point of a solo miner is that you're not in a pool.
That's not how it works in this case. Solo CK isn't a traditional pool where they pay out proportionally, you still get the block reward sent to a solo address.
Solo CK just provides the service of managing a node and creating block templates as well as sending work to miners. Solo mining on your own node is cool but most solo miners aren't well equipt to do extensive testing on latency and uptime to make sure they are maximizing their reward potential.
Whoever runs Solo CK takes 2% for this service and it goes to a separate address in the coinbase transaction. Check the pool history to see how this works.
You don't have to use a pool to mine. Sounds like solo ck just threw a bunch of fancy words to scam you out of 2% worth of your hashrate. There is nothing different about any of those things you mentioned. Any money firmware she's that for you. You don't need a pool to do any of that
There is no such thing as testing latency and uptime. Bandwidth for mining is extremely low. There is no maximizing rewards if you are solo mining. You only get one reward. The block reward if you get it.
Sorry, Maximum valid work* and you are correct but from my experience I wouldn't feel confident that I would be consistently online without bi-weekly outages
From their site: "...running a full bitcoin node that requires both great storage and bandwidth..."
That's just not true. If it were, Bitcoin wouldn't be decentralized. It's a flat out lie.
Noted, your input is appreciated. I have had some problems with my lightning node going down unexpectedly and since I don't check it daily I perceived value in a pool service.
If you're not online, a pool will not help you. Not for real solo mining at least. It could for more evenly dispersing your reward payout of you have some down time but it's not really even helping then so much as just lowering your average reward to make up for your down time. Not helping, just smoothing out your payouts. Which could be useful depending on the payout methodology. And I could be missing something. I'm not expert but I do run miners (S9s) and I just don't get it (ckpool). Just gives me a scammy gut feeling is all.
Update: had three hours of downtime while I was at work because my miner and my node stopped cooperating for some reason lmao
There is a reason that Satoshi designed Bitcoin to work even if participants left and rejoined the network at irregular intervals. Managing uptime and latency is a full time job if you have real value on the line and cannot afford to be offline.
I will check my logs and press on though
Awesome to hear the update. In a pool, this would just mean lower rewards for the downtime.
