For every up side you see with any system there’ll always be a down side.

With the mining process of cryptocurrency, Solo Mining and Pool Mining, you’ll see the same pattern.

We’ll use these four parameters to discuss the advantages and disadvantages of Solo Mining and Pool Mining:

  • Timing
  • Beginner’s advantage
  • Reward system
  • Ease of use

Timing

For solo miners, it’ll take far more time to find a block compared to pool miners.

There are so many reasons for this including more processing power for pool miners, more persons to work with…

Beginner’s Advantage

I call it this because the best easy way to learn any skill out there is working with a group.

While there are people who learn real fast as individuals, when they add the people effect to it, they see tremendous results.

As a beginner, using the pool mining system will make your learning faster than solo mining.

Reward System

This is the first and major advantage of solo mining.

Why?

When you do the work alone you get the reward alone. Whereas in the pool mining system, you do the work together and get reward shared out.

While this is a merit, the timing situation can knock it out.

Ease of Use

Because of the complexity of the network and cost of powerful hardware, pool mining has greater ease of use than solo mining.

When you think of systems like ASIC… you’ll realise that joining a pool is still a better way to make things happen.

In all the processes, what is important is that a block is discovered.

That’s where the reward is.

If you’re considering using a mining company as a pool miner, here are parameters you can use t make that decision.