<p>Regardless of whether you're solo mining or pool mining, as long as it's the same coin, your expected number of coins per day should be the same (minus a pool fee). However, the benefit of mining in a pool is that you reduce variance greatly. For example, let's say you have enough hashrate to mine 1 LTC per day on average. If you solo mine, the expected time to find a block is 50 days, but that doesn't mean you will find a block in 50 days. In fact, you might not even find a block in 500 days. It's all random. However, if you're using a pool that finds a block every 50 minutes, the probability that it goes for 500 minutes without a block is the same as the probability that you, as a solo miner, go for 500 days without a block. So you can expect more regular payouts with less risk, making the pool fee well worth it in my opinion unless you alone have 1% of the total network hashrate or something.</p>

<p>As for how the estimated number of coins per day is actually computed from your hashrate, see my answer <a href="https://bitcoin.stackexchange.com/questions/23506/how-does-estimated-coins-calculated-on-coinotron/23659#23659">here</a>.</p>

CC BY-SA 3.0
2014-03-18T18:35:09.433Z
2014-03-18T18:35:09.433Z
2017-04-13T12:47:36.647Z
Tony
<p>Bitcoin calculators give an approximate correct range reward for solo mining, do they include pools, accounting your Hash rate reward share. I have not seen any pool calculators around, nevertheless their incomprehensible reward systems.  </p>

CC BY-SA 3.0
2014-03-18T19:00:45.807Z
Yep, just subtract a percent or two for the pool fee, and reduce the variance.
Tim S.
<mining-pools>
Do Bitcoin calculators give a realistic figure on pool mining
user14248
# Do Bitcoin calculators give a realistic figure on pool mining

(Asked by: username_0 on 2014-03-18)

Bitcoin calculators give an approximate correct range reward for solo mining, do they include pools, accounting your Hash rate reward share. I have not seen any pool calculators around, nevertheless their incomprehensible reward systems.

**Tags:** mining-pools

> **Comments:**
> **username_1**: Yep, just subtract a percent or two for the pool fee, and reduce the variance.  

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## 1 answers

### Answer by username_2 on 2014-03-18. Score: 1

Regardless of whether you're solo mining or pool mining, as long as it's the same coin, your expected number of coins per day should be the same (minus a pool fee). However, the benefit of mining in a pool is that you reduce variance greatly. For example, let's say you have enough hashrate to mine 1 LTC per day on average. If you solo mine, the expected time to find a block is 50 days, but that doesn't mean you will find a block in 50 days. In fact, you might not even find a block in 500 days. It's all random. However, if you're using a pool that finds a block every 50 minutes, the probability that it goes for 500 minutes without a block is the same as the probability that you, as a solo miner, go for 500 days without a block. So you can expect more regular payouts with less risk, making the pool fee well worth it in my opinion unless you alone have 1% of the total network hashrate or something.

As for how the estimated number of coins per day is actually computed from your hashrate, see my answer [here](https://bitcoin.stackexchange.com/questions/23506/how-does-estimated-coins-calculated-on-coinotron/23659#23659).


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