We’re running an experiment now where we’re putting litecoinpool.org head to head with this solo mining setup to see which comes out more profitable. We’re trying to control for as much as possible while at the same time accepting that we don’t have unlimited funding. The setup is as follows:
Hypothesis: We will earn more reward solo mining (as compared to mining on litecoinpool.org)
Experimental Setup: We have a 200 Ghs working at litecoinpool.org and another 200 Ghs working solo. Over the next few weeks, we will compare the rewards earned from both setups.
Funding: We’re really hoping that the solo mining setup will earn enough to keep it sustainable for at least a month (ideally it will be perpetually sustained) while we collect numbers. I am pumping in an initial 25 LTC (plus I have a colleague that put up 12.5 LTC) so we can get the hash power needed for this experiment from Nicehash. Anyone who is willing to help us fund the experiment, please get in touch!
Special thanks to Exoblock for helping out with funding here.