<p>It depends on your mining rate. If you think that you have a hight enough mining rate you could create your own pool. And by a high enough mining rate, I am talking about something like 200 Thash/s so you can get Bitcoins fast enough.</p>

<p>If you have, lets say, a mining rate of 1 Ghash/s, it will take your months, even years to mine a complete block.</p>

<p>So if you are alone and do not have a high mining rate, you should join a pool.</p>

<p>P2Pool does not exactly allow you to create a pool, its more like a normal pool than anything else. But I havent tried it so you should still take a look at it. What looks the closest to a real pool (that is in fact not a pool that you will create) is TripleMining. They work with a refference system, which mean that you have to give your personnal link for someone to join your pool. You will get 1% of their profit.</p>

<p>The only downside to TripleMining is that their mining rate is low, it takes them around 200 hours to mine a single block. You will get a lot per blocks, but it will take a lot of time to get your Bitcoins.</p>

<p>EDIT: Someone made me notice that you are talking about Litecoins. The mining work the same way as Bitcoins, just the way calculations are done is different.</p>

CC BY-SA 3.0
2013-11-28T00:13:21.290Z
OP is asking about Litecoin not Bitcoin.
Mark S.
CC BY-SA 3.0
2013-11-28T01:24:45.790Z
Its the same thing for both of them, except that there are different pools.
TheBird956
CC BY-SA 3.0
2013-11-28T01:30:08.463Z
The numbers are significantly different when mining scrypt most GPU devices only output Khs rather than Mhs let alone Ghs or Ths.
Mark S.
CC BY-SA 3.0
2013-11-28T03:19:15.897Z
Of course the hardware and the way calculations are done are different, but that is not the point, if someone is alone and dont have a high mining rate, its better to join a pool than to mine alone
TheBird956
CC BY-SA 3.0
2013-11-27T21:54:06.397Z
2013-11-28T01:25:43.997Z
2013-11-28T01:25:43.997Z
TheBird956
<p>Should I setup a new mining pool for litecoin, or join another one ? It seems like creating a pool with p2pool, I can keep fee's in my wallet... But is it effective ? Or staying in a crowded pool will be more profitable ?</p>

CC BY-SA 3.0
2013-11-28T14:15:36.590Z
I think there is something about question that couldn't understand well... I won't mine with my pool, I'll try to promote people in my country to join me...
tanaydin
CC BY-SA 3.0
2013-11-28T14:40:20.467Z
I mean I won't mine alone.
tanaydin
<mining-pools><litecoin><transaction-fees><linux><p2pool>
should I setup a pool or join one?
tanaydin
# should I setup a pool or join one?

(Asked by: username_0 on 2013-11-26)

Should I setup a new mining pool for litecoin, or join another one ? It seems like creating a pool with p2pool, I can keep fee's in my wallet... But is it effective ? Or staying in a crowded pool will be more profitable ?

**Tags:** mining-pools, litecoin, transaction-fees, linux, p2pool

> **Comments:**
> **username_0**: I think there is something about question that couldn't understand well... I won't mine with my pool, I'll try to promote people in my country to join me...  
> **username_0**: I mean I won't mine alone.  

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## 1 answers

### Answer by username_1 on 2013-11-27. Score: 0 | Accepted answer

It depends on your mining rate. If you think that you have a hight enough mining rate you could create your own pool. And by a high enough mining rate, I am talking about something like 200 Thash/s so you can get Bitcoins fast enough.

If you have, lets say, a mining rate of 1 Ghash/s, it will take your months, even years to mine a complete block.

So if you are alone and do not have a high mining rate, you should join a pool.

P2Pool does not exactly allow you to create a pool, its more like a normal pool than anything else. But I havent tried it so you should still take a look at it. What looks the closest to a real pool (that is in fact not a pool that you will create) is TripleMining. They work with a refference system, which mean that you have to give your personnal link for someone to join your pool. You will get 1% of their profit.

The only downside to TripleMining is that their mining rate is low, it takes them around 200 hours to mine a single block. You will get a lot per blocks, but it will take a lot of time to get your Bitcoins.

EDIT: Someone made me notice that you are talking about Litecoins. The mining work the same way as Bitcoins, just the way calculations are done is different.

> **Comments:**
> **username_2**: OP is asking about Litecoin not Bitcoin.  
> **username_1**: Its the same thing for both of them, except that there are different pools.  
> **username_2**: The numbers are significantly different when mining scrypt most GPU devices only output Khs rather than Mhs let alone Ghs or Ths.  
> **username_1**: Of course the hardware and the way calculations are done are different, but that is not the point, if someone is alone and dont have a high mining rate, its better to join a pool than to mine alone  

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