A mining pool is a way of sharing the work needed to find a block. Miners are rewarded in proportion to the amount of computing power they contribute to the problem, with various ways of calculating returns.

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18 views

BitcoinCZ Captcha [on hold]

Help when I am trying to log into my bitcoincz mining, I have to put in a captcha but no matter how I put it, it never registers and it says it is incorrect. Anybody have experience in this and can ...
0
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1answer
23 views

Getting transactions and time from Block Chain Info Api

I want to fetch transactions for an address from the following api: https://blockchain.info/address/$btc_address?format=json The thing is understanding the json returned from the api, I don't ...
0
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1answer
28 views

Which bitcoin miner ASIC can use without leave power on computer?

after search and read a lot of bitcoin miner posts in the web, yet I have one doubt before buy bitcoin hardware... I have read about ASIC Hardware of ButterFly Labs, Avalon, Knc, USB Erupter and ...
0
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1answer
38 views

Who is rewarded

I see that transactions are recorded as blocks in the blockchain. Thereby, blocks compete for the order in the blockchain in case of forks. I do not quite understand if it is block encoding is ...
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1answer
16 views

What does “Confirmed Exchanged” and “Estimated Exchanged” mean?

I am a newbie here, I wanted to know what does "Confirmed Exchanged" and "Estimated Exchanged" mean while fetching a user's Transaction history? example return that I got from an API as user stats: ...
0
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1answer
33 views

Stratum and Load Balancer

Does the Stratum protocol works well with the stratum servers behind a load balancer? My impression is that each request from the client may hit a different stratum server and eventaully ends up ...
0
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1answer
31 views

Mining calculators and blocks found

Whenever we use an online mining calculator, do these calculator estimate a 100% blocks finding? Shouldn't they be subject to the pool efficiency and how many blocks are found? I mean, if my pool only ...
3
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1answer
50 views

How do mining pool operators work?

How does one get to be a mining pool operator? Is there an election by people who want to pool their computing resources? What checks and balances exist to ensure that a pool operator doesn't ...
3
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1answer
653 views

What prevents miners in a pool from retaining the reward?

From what I understand miners submit their hashes to the pool. What prevents a miner to disengage the pool as soon as she finds the right hash?
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0answers
94 views

Attach worker to CEX.IO account

I have been able to set up basic mining using minerd, and it is happily mining away on GHash.IO. However, it doesn't seem to be attached to my CEX.IO account, even though I am mining with these ...
0
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1answer
40 views

Question about pool hashrate

Actually I am working with some small academic project right now and I am newbie in crypto currencies. This project is primitive mining pool for cryptocurrency, as a base cryptocurrency I am using ...
0
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1answer
62 views

Why do I see a 'Yay' with a 70% match, and a 'Booo' with a 75% match?

Just what the title states. I'm just a couple of days into this idle CPU utilization thing; I run a CPU miner (x-coin-minerd on a Windows 7 box). Scrolling through the command line output I see ...
4
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1answer
75 views

Why is everyone encouraging p2pool use as the answer to the 51% problem

As I understand it p2pool has some problems, since it's just a separate blockchain with a shorter time between blocks, small miners still have more variance, and if say the time between blocks is 10 ...
3
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1answer
175 views

Is there any difference in pool mining with gash.io over slush?

I am new to the crypto-coin mining. If I am mining with my own hardware, is there any difference if I join slush or gash.io? Any difference in payment? There are lot of posts that says to stay away ...
6
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2answers
135 views

Does GHashIO already have above 51% hashrate?

Right before writing this question I noticed the GHashIO showing 32% hashrate distribution using the following link. Unknown has 26%. And the IP address of the most blocks reported from unknown is: ...
2
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0answers
115 views

Complete list of merged mineable coins? SHA256 + Scrypt

mmpool.org mines these SHA256 PoW coins: Bitcoin Namecoin Ixcoin Devcoin I0coin Groupcoin https://en.bitcoin.it/wiki/Merged_mining_specification claims that it is only used by Namecoin Is there a ...
11
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5answers
94 views

What would be required to disincentivize mining pools?

Now that mining pools are starting to hit the 51% cusp of total mining power, what would need to happen to the Bitcoin protocol to reduce their success, and encourage distributed mining power over ...
0
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1answer
70 views

How do Cloud Mining Websites Divide Profits?

I have a simple question. Suppose that I sign up with some cloud mining service. I would like to know a bit more about how the system works. Let's say that the cloud mining service I use has n users, ...
2
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1answer
193 views

Compared to Slush's pool, how exactly does Eligius payout owed bitcoins to the miners?

I have mined a bit on both pools. Slush builds up an amount in your account and once it passes a threshold that you set, Slush sends you a payout that comes from another wallet. Eligius sets the ...
2
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2answers
154 views

Isracoin: What hashrate should I be getting with intel core i5?

I'm only getting 13 kh/s using minerd with intel i5 and the lowfeemining.org pool. Shouldn't I be getting a better hashrate?
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1answer
84 views

Given the current hashing powers, what do pools actually do in practice?

Given the current hashing powers, what do pools actually do in practice to find a block? Ok, so here is my thinking, please correct me if I'm wrong anywhere: Here's the format of the block header, ...
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1answer
49 views

Managing Diff variable on eloipool software

I'm trying to set up a pool of Bitcoin Mining. I use a software program eloipool. https://gitorious.org/bitcoin/eloipool I can not find the configuration file options to force a change of Diff. So ...
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1answer
162 views

CPUminer minerd output confusion (OLY & crypticpool). How do I get multiple, “yay!!!” in a single block?

I'm a bit confused by the output of my minerd from cpuminer because my understanding is that there is a 3 minute block target time, but somehow I got 4 submitted hashes in less than a minute, and it ...
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1answer
43 views

I am a newbie in bitcoin and want to mine bitcoins [duplicate]

Hello greetings to everyone, I am Ravindra Barthwal from India and now i want to mine bitcoins but i don't know where to start even i search many times on google and everything goes away from my mind. ...
1
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1answer
91 views

For maximum mining performance, is it better to minimize latency from the mining rigs to the p2pool server, or from the p2pool server to the Internet?

I'm setting up a p2pool server to mine Scrypt-based coins on. Mostly just for myself, but occasionally some friends will jump in. I'll mostly be mining newer coins with very low difficulties. I'm ...
0
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0answers
8 views

How to estimate the number of Bitcoin miners vs Mining pools? [duplicate]

I can't tell which one this is showing: http://getaddr.bitnodes.io/dashboard/ Thoughts? Thank you!
0
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0answers
90 views

I am new with peercoin and confused is it mining or not [screenshot]

I am new in peercoin and trying first time mining of any currency just to see how it works. I installed cgminer but there's an error Probing for an alive pool Network diff set to 91.5 like ...
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1answer
336 views

What are the pool node mining difficulty settings for darkcoin?

What are the correct difficulty ssettings to mine darkcoin on a private pool node (pool side settings as shown below)? "diff": 0 "minDiff": 0 "maxDiff": 0 "targetTime": 0 "retargetTime": 0 ...
0
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1answer
111 views

Can bitcoin pools set a different difficulty value other than the network difficulty

I would like to know if bitcoin pools can give a different difficulty value other than the network difficulty or is the network difficulty the same for everybody
0
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0answers
46 views

Accepted Shares are showing as invalid in the pool mining MPOS

Am using minerd cpu miner for pool mining also I used stratum server with MPOS, all my accepted shares are showing as pool invalid. Why my accepted shares are not showing in pool valid?
0
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1answer
79 views

How accurate should pool estimation of hashing speed be?

I'm playing around with a few USB miners, and am running 4 of them for a total of 4.6 GH/s. My BTCGuild dashboard estimation is all over the place, sometimes 1 GH/s, sometimes as high as 3.8 GH/s. ...
1
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1answer
69 views

Do Bitcoin calculators give a realistic figure on pool mining

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 ...
0
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1answer
986 views

Antminer S1, how to mine on multiple pools

I have an ant s1 and I want to mine on 3 pools. We can set them in the miner configuration but the antminer use only the first one. I guess it will use the second then the third one in case of ...
1
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1answer
38 views

Is there an easy explanation to understand the different types of pools

I would like know if there is an easy explanation on all the different pool systems, their reward systems and how fast they pay without being referred to the Meni Rosenfeld paper
1
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1answer
246 views

How does estimated coins calculated on Coinotron?

On 'Cointron' their is wallet table after logged in into the site, how they calculate estimated coins per day, estimated rewards, confirmed rewards and unconfirmed rewards? How does Coinotron derive ...
0
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0answers
608 views

Share is above target when switching between stratums

I'm running a pool for some friends and myself, where we mine both dogecoin and litecoin (and occasionaly some other flavor of the day). The farms are pointing to a simple proxy: a C daemon that is ...
2
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1answer
480 views

what is the difference between a private pool or solo mining

I would like to understand if there is a difference in resolving blocks with a private pool and solo mining, I understand that when solo mining you are given a block to resolve but within your private ...
0
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1answer
47 views

Are pools share rewards equivalent to the power/hash rate input of a mining machine

I would like to know if I enter a pool and I input a given amount of Hash rate, is my share reward equivalent to my Hash rate input
0
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0answers
23 views

Variance in Difficulty [duplicate]

Why does the difficulty on Blockr.io show 11.15, and the pool difficulty show as 55.77 for example? I am not understanding why the pool # has been much higher consistently. Does this just mean more ...
5
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3answers
156 views

Are there any mining pools that publish what transactions they will include?

If some large number of the mining pools started publishing what transactions they are planning on including the danger of accepting a zero confirmation transaction would be reduced dramatically. Has ...
0
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1answer
330 views

Is there a cudaminer difficulty parameter option

I try to mine some btc using cudaminer on cex.io. I'm using cudaminer for that. I have a lot 'low' rejected shares due to low difficulty (On the ghash.io they say the minimum stratum difficulty is ...
0
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0answers
123 views

In MemoryCoin, what is the difference between “Found Solution” and “Found Share”?

This is the output from pool mining MemoryCoin, if that is relevant: [00:09:45] Found solution - 15826 / 1968 / 4045737373 [00:10:08] Stats: 0.933 hash/min [00:11:14] Stats: 0.899 hash/min [00:11:35] ...
0
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0answers
28 views

How would I implement a generation transaction pool payout system?

I'm looking to implement the http://eligius.st/ generation transaction instant payout method for a pool I have in development. Is there any documentation/reference code on how that would be done? I ...
1
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1answer
48 views

Why do some pools require a worker name with an underscore and others require a period?

The majority of pools I see that they use a period such that: username.workername others use: username_workename I see that it definitely is not interchangeable. How come some pools use ...
3
votes
1answer
553 views

BFGMiner vs. CGMiner

What is the difference between BFGMiner and CGMiner in Laymen's terms? Also, the longterm outcome will be exactly the same if mining is done with or without a pool, correct?
1
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3answers
2k views

I have 8 Antminers, is there a way I could change their pool credentials all at the same time like through ssh with a script

As title says, I have 8 identical mining machines I just want to be able to point them at the same pool all at once, is this possible with a combination of python and ssh? If someone else already ...
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1answer
850 views

Workers aren't showing up in ghash.io

Im using cgminer 3.7.2 and I'm mining at ~77Mh/s in the ghash.io pool. I go to the worker list at the ghash website but nothing shows up. At the ghash main page it shows that I'm mining the blocks but ...
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1answer
58 views

Please help, stuck at static 24Mhash/s? [duplicate]

I'm fairly new to mining bitcoin, but I have read that using GPU can help improve performance. I currently am using GUIMiner (latest version) running on an OpenCL back-end but when I choose to use my ...
0
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4answers
108 views

isn't miner collusion rational?

suppose for the sake of argument that each individual miner has the same amount of hashing power of one hash per unit of time (a "tick"). the probability that a miner solves their block in the next ...
3
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1answer
232 views

How widespread is OP_RETURN forwarding and mining (as of February 2014)?

As of now (February 2014), how easy is it to have a transaction which makes use of OP_RETURN data confirmed into a block? Do standard nodes forward such transactions yet? Have major mining pools ...