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.

learn more… | top users | synonyms (4)

0
votes
1answer
29 views

I am new to bitcoin, and GUI miner won't work on slush's server

I am new to using bitcoin, and I don't have any mining hardware, just my computer. I got GUIminer, and set the server to other, and the host name to http://api.bitcoin.cz, port 8332. I entered my ...
1
vote
1answer
51 views

Expected value in pool mining vs. solo mining

Set aside the fact that pool mining provides a more steady stream of income than solo mining, and the fact that pools charge a fee for their services. Disregarding those facts, I have an argument for ...
1
vote
1answer
26 views

What currency do the antminer pools generate?

Sorry to be a newbie, But I'm pretty lost. I just set up my first Antminer and don't understand very much. There are three pools suggested as the default. What am I generating as far as currency?
-2
votes
1answer
104 views

Bitcoin Mining -> A mining pool that pays in USD (preferred) or BTC per Unit Time per CPU rate

I plan on mining bitcoin, and I would like to know a good mining pool that pays in USD per Unit Time per CPU rate (preferred) or BTC per Unit Time per GPU/ASIC rate. I would like to know 1. The ...
-1
votes
1answer
56 views

I need to find a pool that supports cpuminer

I've been to mine with cpuminer with lots of different pools but nothing works!!! I only made it to mine litecoin on litecoinpool.org, but I need bitcoin! Which pool would you recommend?
1
vote
1answer
54 views

Are there any complete Bitcoin systems?

It seems to me that to keep Bitcoin both decentralized and secure, the whole of the Bitcoin process should ultimately depend on each user, or rather, that the involvement of each user should ...
1
vote
1answer
63 views

Normal hashrate but no accepted shares in

For the moment I'm trying to mine altcoins using an AMD HD6850. The version of cgminer is 3.7.2. The pool I'm using is prohashing.com. It's a scrypt-mining pool which mines the most profitable coins ...
0
votes
0answers
13 views

Gh/s = to money [duplicate]

I am very new to the bit coin (mining) concept. I was interested in getting those small usb powered miners/ ASCI miners. Before I spend a dime I wanted to know how it works. Please Ignore the price of ...
1
vote
0answers
70 views

Mining on multiple computers with only one synced

I have 3 computers. I just finished synchronising the transaction data on a computer and it did consume a lot of bandwidth and data let alone time. Is it possible to mine on three computers with a ...
1
vote
1answer
40 views

In stratum mining pools, are most miners working on the same set of transactions?

When miners connect to the server, they get a "job" message back with a merkle_branch field that has hashes that correspond to transactions that will be included in the block being worked on. What ...
0
votes
0answers
21 views

light mining software [duplicate]

I have some hosted systems which most of the times don't have any work to do. I wanted to run some software miner on them, but I read a Warning in this stackoverflow post: ...
2
votes
1answer
60 views

Can the mining pool with the most mining power always win? [duplicate]

Suppose we have three mining pools, one with 40% of computing power, and the other two having 30% of computing power each. Will the node with 40% power, be able to solve the puzzle for each node ...
0
votes
1answer
81 views

Is BitCoin still uncontrolled with all those mining pools?

It is always stated that BitCoin is uncontrolled and it does not make sense to cheat and double-spend because you will need more computing power than everyone else combined. Isn't that changed with ...
1
vote
0answers
16 views

Bitcoin CPU mining good for powerful, single-threaded CPUs? [duplicate]

I don't pay for electricity, so I have nothing to lose in terms of money. How much can I expect to make with an i3-4160? It isn't the fastest CPU, but it's in the top 30. I was vouching for ...
0
votes
0answers
44 views

Need to increase mining operation power handling

What hardware do you need to increase mining operation power handling distribution for capabilities of handling the voltage/wattage? Any information about this topic is appreciated, thank you.
2
votes
0answers
115 views

Should I join a pool?

I've configured the large (8x) GPU image on AWS at 2.60/hour. I ran it goes few hours after setup and mined nothing. This was my first foray into mining. Given this setup, am I better placed to join ...
1
vote
0answers
91 views

What will be the profitability of a new bitcoin mine, based on S7 miners and $0.08c /kwh power? [closed]

capex - $500/ THs installed Opex - $15/ THS/ month based on $300 usd/btc average. What will be the monthly net profit over 36 months? What is the useful/ viable life of the S7 equipment? and what ...
3
votes
1answer
92 views

What is the difference between Gridseed ASIC and Scrypt ASIC

If you mine in wemineltc pool you have probably noticed that there are two different stratum server for ASIC miners here are the urls So my question is that what is the difference between an ...
1
vote
0answers
48 views

Given the latency and hash rate for a mining pool, is it possible to determine the expected number of accepted blocks? [closed]

Assuming there is only one node to communicate to, can we determine how many blocks mined by a pool will be actually accepted into the block chain?
0
votes
1answer
575 views

Does bitcoin mining need a lot of internet bandwidth [duplicate]

I'm going to be a bitcoin miner and my question is does it require a lot of internet bandwidth to mine with a pool ?? I'm gonna use guiminer with slush's pool I have 1MB dsl is it enough ???
2
votes
1answer
234 views

i have good pc can i mine on it, if i don't have to pay for electricity? [duplicate]

i have gtx 970 g1 gpu and intel i7 4790k cpu. i dont have to pay for my electricity costs. i used to play games but now i don't play them any-more. i was hopping someone will tell me if i can make a ...
0
votes
0answers
111 views

Writing a GPU Bitcoin mining client (learning purposes)

I want to write a basic GPU miner from scratch for learning purposes. By "from scratch" I don't mean that I am unwilling to use libraries but I want it to be similar to real GPU mining software, and ...
1
vote
0answers
40 views

How do I make p2pool accessible from outside my network?

I want my pool to be accessible from the public, i have forwarded port 9332 and 9333 on both udp/tcp, and its still not possible, and the system firewall is open for that, for example i cant access ...
0
votes
0answers
19 views

Asteroid log question about accepted hash

I setup Asteroid to mine for fun, and I saw this log: (5s):57.30M (avg):57.34Mh/s | A:0 R:0 HW:0 WU:1.0/m [2015-08-06 12:24:25] Accepted 46156bf6 Diff 935/512 GPU 0 [2015-08-06 ...
0
votes
0answers
53 views

testnet pay per share mining pools

I was wondering if there are any testnet mining pools that are active, or is all of the current hash power on testnet (about 3 Th/s) all from solo miners. I would like to be able to get a bit of ...
1
vote
0answers
29 views

Meta-Mining: Can mining exist in abstract states? [duplicate]

Has anyone here explored or pondered possibilities for meta-mining? Theoretically, you could have miners work on any computational problem, and then have rewards handed out proportionally as part of ...
0
votes
0answers
66 views

pos/pow hybride coin shows block found in wallet, but not detect or saved by pool.

in pool miner mining well, shares found ok, but when mining block found, it shows by wallet but not detect by pool. all other non-hybrid coins mining works ok, this problem is only with hybrid mining ...
2
votes
1answer
73 views

Why P2Pool fails to attract more users and other pools surpassed it?

Some people say that mining pool are going to violate the distributed principle of Bitcoin and make it more centralize. So why totally distributed pools such as P2Pool have not attract more users? I ...
0
votes
0answers
153 views

how to add extranonce-subscribe to mining pool?

i setup a pool my pool. miner can mine without new protocol extranonce using "no-extranonce=true" setting . but some miner seems pool dead without it. i want to add extranonce-subscribe support to ...
0
votes
0answers
1k views

How to connect to antpool

So I'm using an antminer s3. I have been on btc guild for about a week. Today they announce they are closing. So I looked around and figured I would join antpool. The problem is when I changed all ...
0
votes
0answers
61 views

why to use blocknotify script, even if we can check for “share is block candidate” using target compare?

i have some complicate situation in altcoin wallet that wallet shows new block found with reward , but pool not show block found. could it be a reason that i not use block notify script. but checking ...
0
votes
2answers
59 views

Does there exist any cryptocurrency that doesn't tend to centralization?

All PoW schemes tend to concentrate miners in pools to have a more steady income for the miners, while the major PoS coins, such as NXT, also end up concentrating the stake because of leasing. But, ...
0
votes
0answers
17 views

What are my profits? [duplicate]

I am thinking of starting to Bitcoin mine with the Antminer S5, which has a hash rate of 1155 GH/s, but I'm confused about how I can calculate my profits. The electricity expenses are exactly $1.00, ...
1
vote
0answers
19 views

How do pools determine a pool-user's hashrate? [duplicate]

How do pools determine a pool-user's hashrate? It seems they would base it on the particular user's difficulty or rate of accepted shares.
0
votes
0answers
57 views

what is the real formula to calculate difficulty of share received from miner with params(nonce,ntime,target,diff1)?

how can i calculate share difficulty? i have higher share difficulty value issue at this calculation. using coiniumserv pool. ...
0
votes
0answers
73 views

Slush's Pool Doesn't Detect Miner

I have use two miners: GUIMiner and another one I got off the Windows Store, and I got errors from both. GUIMiner: More than one server required, using stratum server. Start button does ...
3
votes
2answers
103 views

Work distribution in a mining pool

How is work distributed among members of a pool? Regarding the block hashing algorithm and valid hashes of a new node, how is the set of solutions for nonces "distributed" among miners?Is a nonce, ...
1
vote
0answers
52 views

Pool that seems to be stuck on a block

I'm running a Litecoin pool that seems like it might be stuck on a particular block... it's been working fine all along but is currently at like 312% Of Expected Shares, I've checked the cron jobs and ...
0
votes
1answer
3k views

Slush's pool worker offline

I'm new to mining, and using GUI miner on windows 7 AMD APU A-Series. I set it up today, put in my username.workername and put in stratum.bitcoin.cz as the host, and 3333 as the port. It says I'm ...
0
votes
1answer
58 views

Is it possible to identify mining pools?

I am doing research on Selfish Mining in Bitcoin. Here is the article http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/ I wanted to know is there a way to identify minining pools? I wanted ...
2
votes
1answer
171 views

Who pays me when pool mining?

When I pool mine, do my payments come from the pool operator's personal account? From the pool's wallet? Or from somewhere else? When using P2Pool, the payments appear in bitcoin-qt as though I had ...
-1
votes
0answers
74 views

BTC Guild and MinePeon

I have recently been using BTC Guild to mine and I have found something unusual happening with my hash rate on this pool. I can confirm that my hash rate is at 2.2 Gh/s however, on BTC Guild my hash ...
1
vote
2answers
348 views

BTC/hashes/second rates for various pools

Do all pools have the same average BTC/hashes/second rates (for individual members of the pool)? For example, this profitability calculator says 4 Th/s hash rates will produce 0.04 BTC per day, yet ...
0
votes
0answers
34 views

Is there a list of NXT Forging Pools for mining? And what is a feasible amount to mine/forge with?

Is there a list of NXT forging pools that are active with large amount of forgers? Which one is the most popular? Also what is a feasible amount to forge/mine with?
0
votes
2answers
141 views

“block decode failed” error while mining in pool

I just started solo mining last month, and I have no problems with cgminer. I have already shares accepted and sometimes new block detected. I want to know why when I want decode I've an error? For ...
1
vote
2answers
193 views

Simultaneously Solo and Pool Mining

It's possible to send shares both to a localhost GBT "pool" (e.g., Bitcoin Core's) and to a remote Stratum pool.* Now, if I discover a block, won't both my localhost GBT "pool" and the remote pool ...
1
vote
1answer
1k views

How Do I create a Mining Pool for an Altcoin?

I made an altcoin using coincreator.net , but I can only mine it on an underpowered windows computer. I was wanting to make a pool so that my friends and I could mine it together from a Windows or a ...
0
votes
0answers
70 views

How much is known about mining pools' transaction fee policies?

We know that as of today in Bitcoin Core v0.10.0, the default value of minrelaytxfee is 1000 satoshis, and CreateNewBlock in miner.cpp uses this value as the minimum fee rate threshold in order for a ...
2
votes
3answers
2k views

How do I make a profit buying cloud-hashing contracts?

I have tried one of the hashpower selling/buying website (nicehash) to buy hashpower. I have connected my order to a pool where I had one worker. However, despite all the advertisements, I could not ...
0
votes
1answer
105 views

Best p2pool software

I'm pretty new to Bitcoin. This will be my second question at this site and I'll try to make it less verbose than the first while still containing what seems to be important detail. I'm still in the ...