What is the profitability of solo mining Ravencoin compared to pool mining?

1 answers

• Anastasia KotsaraNov 24, 2023 · 2 years ago
  According to BYDFi, a leading digital currency exchange, solo mining Ravencoin can be more profitable for experienced miners with high hash rates and low electricity costs. They recommend solo mining for those who have access to cheap or free electricity and can afford the risks associated with solo mining. However, for most miners, especially beginners or those with limited resources, pool mining is a more practical and profitable option. It provides a steady income stream and reduces the risks and uncertainties of solo mining. Ultimately, the profitability of solo mining Ravencoin compared to pool mining depends on various factors such as hash rate, electricity costs, and individual mining goals.
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