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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Bitsrapid vs Hashnest

I have already invested in bitsrapid and i am getting a hashspeed of 5600 Khs , but recently I came to know of a mining site known as hashnest , They are offering 1Ths for Just 1 bitcoin. I checked ...
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41 views

Own bitcoin pool miner algorithm

I receive from mining pool next variables: job_id, prevhash, coinb1, coinb2, merkle_branch version, nbits, ntime, clean_jobs. What i must to do with that? Can you write step by step formulas how ...
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23 views

Keeping valid shares for it's own when mining in a pool

How does a mining pool insure that the miner who will find the valid share for the current block will not use it for his solo mining?
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38 views

Seeing no Hash per second on any pool

I'm a newbie to bitcoin and having a hard time trying to take part of a pool. I subscribed to various ones, including : eu.p2pool.cloud or give-me-coins And mining from windows with the following ...
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1answer
90 views

My own bitcoin miner

I am trying to write simple bitcoin miner on Java How to request miner pool? What is miner pool protocol? How to send data to stratum pool? (socket, post request or ect...) What need send there? ...
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9 views

Multi HD transaction stuck for +48hours [duplicate]

I have made a bitcoin transaction for more than 100$ and now it is stucked, i guess it is due to a too small fee. Ive never had this problem before and always just used the default fee from multiHD. ...
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1answer
33 views

Is it possible to build mining reward pooling directly into Bitcoin?

Mining pools were formed quite early in Bitcoin's history. Since then, they have not been considered ideal because of more and more centralization creeping in. But it seemed the community has learned ...
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21 views

Turing an old laptop into a bitcoin miner [duplicate]

So I have an old laptop that was passed down to me, and I want to turn it into a bitcoin miner, I don't have any experience with bitcoin mining; its got 2gb of ram and some pentium. it will be running ...
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1answer
33 views

Questions about bitcoin(or other crytocurrency) to satisfy my feeble mind [closed]

After a few days of research and reading about bitcoin and ethereum, I got interested on investing in these. Just small amounts to try it out.. maybe $30 - $50 for starters. I'm from a 3rd World ...
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66 views

How much internet traffic and bandwidth does mining with a pool need?

As you know the new Antminer S9 is available and its hash rate per second is 14TH. Now, my question is if I buy one of these, how much internet traffic and bandwidth do I need for mining by pool and ...
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2answers
94 views

Preventing transaction fee collusion between large miners

What would prevent the largest Bitcoin mining pools (top 3-4 have with 61-73% hash rate today according to link below) from colluding to demand much higher transaction fees to confirm transactions? ...
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20 views

Can mining pool participants customize the coinbase of the block they're mining?

If a participant can customize the coinbase, how would that be done? Pool participants make certain decisions about how they mine. Some of those decisions are apparent in each block solved by that ...
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88 views

How do I reward a miner who made a block I like?

Some decisions miners make are reflected in the blocks they solve. Is it possible to send those miners some extra BTC without knowing who they are? It seems obvious that you could just send some ...
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49 views

Merchant tool that will dynamically adjust the # of required confirmations based on network hashrate data

Satoshi built Bitcoin to be a decentralized network. Some of the original recommendations (such as waiting for 6 confirmations) relied on statistics that related to level of decentralization. https://...
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2answers
97 views

segregated witness adoption

What happens if segregated witness never reaches the 95% adoption threshold from miners? Will it still take effect for those transactions where the miners have adopted it?
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63 views

GUIMiner is connected, but stats are not showing up in pool

So I'm new to mining and trying to learn the basic ins and outs, (before investing a bunch of money into equipment.) Anyway, I have been trying to use GUIMiner because I like the user friendly ...
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2answers
48 views

Difficulty set by pools

Can we argue that, since the difficulty set by pools is lower than the actual one, "old" hardware remain profitable for longer and thus are used for more time. And this, indirectly, increases the ...
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9 views

My Slush Dashboard won't work [duplicate]

I have just started trying to mine bitcoin with Astroid with a GeForce 320M CPU (or GPU). However, when i look at my dashboard in slushpool.com, my worker is in error state. Can anyone help?
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80 views

did Satoshi anticipate large pools?

Is there any statement about the design of Bitcoin alluding to dealing with large pools controlling a good part of the network? while it is true that pools can compete and people can "vote" by ...
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1answer
191 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 ...
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1answer
124 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 ...
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1answer
70 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?
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1answer
160 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 ...
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1answer
413 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?
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2answers
134 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 ...
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1answer
196 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 ...
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14 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 ...
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228 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 ...
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1answer
101 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 I'...
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44 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: http://askubuntu.com/...
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1answer
86 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 ...
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53 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.
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158 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 ...
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164 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 ...
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57 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?
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1answer
2k 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 ???
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1answer
739 views

Slush's Pool Worker Offline?

I am using GUI miner to mine on Slush's Pool. I have connected with my miner and everything is connected. I have even had a share accepted. But it says my worker is offline. Why is this?
2
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1answer
331 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 ...
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160 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 ...
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91 views

Is 250mb/month enough bandwidth to support the internet needs of 4 mining rigs?

So this question was posed in 2011; I figure by now there may be slightly different factors at work, but mainly I ask if i can use a prepaid hotspot plan for 250mb to connect 4 sp20 mining rigs each ...
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53 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 ...
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33 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 12:24:...
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62 views

How can a share be 'harder'

I am on a pool that asks you to select a difficulty for your miner. How can some shares be harder than others if they are just a hash?
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71 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 ...
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32 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 ...
2
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1answer
84 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 ...
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1answer
49 views

How does the getblocktemplate request rate correlate with a miner's hashrate?

What is the relationship between a miner's hashrate and the getblocktemplate (GBT) request rate? (The question here, "How does the rate of getwork requests correlate with the hashrate of a miner?," ...
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2k 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 ...
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68 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 ...
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62 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, ...