In the context of cryptocurrency mining, a solo miner is an individual or entity that mines cryptocurrencies independently, as opposed to joining a mining pool. In solo mining, the miner uses their own hardware and resources to generate cryptographic hashes in an attempt to find the solution to the block puzzle and add a block to the blockchain. The primary advantage of solo mining is that when a block is successfully mined, the miner keeps the entire block reward for themselves. However, the likelihood of successfully mining a block on their own is significantly lower compared to pooling resources with other miners, especially as network difficulty increases.
Solo mining is generally feasible only for cryptocurrencies with lower network difficulty or for individuals with access to significant computing power. For most individual miners today, participating in mining pools is more favorable, as it provides more consistent rewards, albeit shared among all pool members.
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