If I setup a mining rig, will this use a lot of internet bandwidth? Do you know how many MB per day would be required? Is there a difference for mining pools and solo mining?
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1 Answer
Solo mining requires running a full node, pool mining does not. Also, when solo mining, it will usually take much longer to find a block when compared to a pool. Pools do charge a fee, normally 1-2% of the block reward.
When pool mining on a Windows PC, I use less than 20 Mb/day download and less than 5 Mb/day upload. Solo mining will be more bandwidth intensive due to running a full node.
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3Note that with solo mining, there is no "marginal" bandwidth. In other words, the bandwidth used is strictly from the daemon, so if you are already running a node, solo mining is cheaper on the margin Commented Sep 3, 2016 at 16:05