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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51 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 ...
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2answers
55 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 ...
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1answer
78 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 ...
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0answers
29 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 ...
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3answers
216 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 ...
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1answer
49 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 ...
3
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1answer
73 views

Can someone explain in detail how p2pool payout works?

From reading the wiki on https://en.bitcoin.it/wiki/P2Pool#Donating_to_P2Pool_miners I got the impression that the pool members included each of the share payments directly in the coinbase generation ...
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1answer
77 views

How to set up for merged mining

I plan to eventually add litecoin, Dogecoin, and possibly some other scrypt merged-minable coins to my pool. Are there any tutorials or other information available that would show me how to set my ...
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1answer
34 views

What are bitcoin/altcoin block notifications?

While setting up a private nomp mining pool as a learning project, The instructions recommended setting up block notify. What are block notifications?
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1answer
41 views

LTC Pool With Friends?

Is there a way I could set up my LTC mining pool so that my friends could join? I've been having really good luck lately!
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2answers
519 views

How is it that concurrent miners do not subvert each other's work?

Every time a new block is added on top of block chain, the miners have to restart their work because the next block has to have a proper reference to previous block. Let's suppose that there is some ...
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1answer
95 views

Any supervisory power on earth to ensure that Bitcoin system will remain resilient if hashing conditions change rapidly?

Assume that Bitcoin value versus the “fiat money” is of great significance and imagine suddenly discounted by 50% or more, the current pools are not in money any more, stop hashing. The current ...
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0answers
10 views

Selling shares in bitcoin pools [duplicate]

What is the system that prevents that a miner "sell" the same share that he has found to many different bitcoin pools. And another question is, if while mining to find shares he happens to find a ...
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1answer
84 views

How to start mining pool? [duplicate]

Can I start p2pool in shared hosting? If yes, how to install p2pool ? I am newbe in this field. What are the pre-requirement for starting pool business ? Which is best script for pool ? Github is ...
2
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1answer
70 views

How often do miners update their block transaction list?

Assuming an interval where no block is found, do we know how often the typical miner updates his block transaction list with new transactions from the mempool? I found a reference which suggests that ...
2
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2answers
116 views

Is this a problem that a pool found 6 consecutive blocks?

Check this out: The pool will not make the 51% attack of course, for they are counting money on the system; but it's still a problem right?
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0answers
58 views

Splitting hashpower over multiple pools

Is it possible to split the mining hashpower of a rented mining rig over multiple pools simultaneously? Say, I rent a scrypt mining power of 5 Mh/s. What I want to do is point that rig to a stratum ...
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0answers
85 views

What is the latest and easiest to following guide to multipool mining with a Nvidia Geforce GT 730M?

I have a built in graphics card on my thinkpad Geforce GT 730M, I know its not all that great, but I'm usually on this thing at work for at least 8 hours a day. I want to be able to at least monetize ...
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1answer
55 views

Does bitcoin-qt support mining in a pool?

I am having difficulty getting guiminer to share a pool with me but if I mine on bitcoin-qt -gen 1 it starts hashing straight away. So I'd like to know if the official bitcoin client supports pooling? ...
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0answers
102 views

GUIMiner not moving from 'Connecting…'

I've setup bitcoin core, guiminer on my windows 7 intel i7 laptop just to see how things work. As there's no dedicated graphics card I just installed the OpenCL driver for the CPU, joined slush's pool ...
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1answer
207 views

How do I join a NXT mining forging pool? And how do I register for payouts from the pool?

I found the following pool: http://pool.nxtcrypto.org/howto.html But I'm a bit unclear on these instructions: To claim your earnings, simply send an AM (can be empty or put whatever you want in ...
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1answer
63 views

Bitminter - no rewards when more work was done?

Very new to this concept, why would something like this occur on Bitminter's pool? Completed Duration Difficulty Pay/Hour at 1 TH/s Total Thps Your Ghps Your work 2014-10-25 15:02 1h 46m ...
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2answers
187 views

Do Bitcoins mined in a pool automatically transfer to your wallet?

I've installed the GUIMiner app and the Multibit app. I am in a mining pool, and I have about 17 shares thus far. Do the Bitcoins transfer to my MultBit wallet automatically or do I need to do it ...
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1answer
154 views

Is multi-PPS the correct solution to the mining centralization problem?

See this post. Meni believes that this could be the correct solution to the mining pool centralization problem, and that are no known drawbacks. There is some work that needs to be done to write, test ...
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1answer
162 views

Is it possible to mine with core duo cpu 2.4 ghz? [closed]

My PC details: Processor: Intel(R) Core(TM)2 Duo CPU T8300 @ 2.4GHz 2.4GHz Installed Memory(RAM): 4GB DRAM Video Card GPU: Mobile Intel(R) 965 Express Chipset Family Could you please ...
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2answers
81 views

Total number of Bitcoins generated by pool mining

Hi I'm doing some research regarding bitcoins and pool mining, however I couldn't find the following information online. Total number of Bitcoins generated so far by pool mining and how many miners ...
2
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1answer
169 views

P2Pool still worth mining?

Folks, I've been mining with a locally setup p2pool setup using bitcoind v0.9.0rc1-beta, p2pool version 13.4-14-g7aa75ce-dirty and bfgminer on another host. Been mining for about 7 months with 6GH ...
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1answer
189 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 ...
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1answer
163 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 ...
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1answer
50 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
24 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: ...
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1answer
152 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 ...
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1answer
42 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 ...
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2answers
121 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
670 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
769 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 ...
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0answers
20 views

Mining using my Laptop [duplicate]

I'm planning to mine using my Laptop. I'm mining in a Pool NOT solo. I tried https://bitminter.com/ . I have my Laptop: HP PAVILION DV6-6136TX Intel® Core™ i7-2630QM (6M Cache, 2.00 GHz Turbo up to ...
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1answer
68 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 ...
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1answer
91 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
103 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 ...
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2answers
47 views

Which pooled mining scheme is better in terms of constant mining?

I'm comparing gash.io with slush scheme. Say I mine 24x7 without pool hopping at 5GH/s. Will the BTC amount be the same if I mine at slush or gash.io. And what if I get disconnected from either of ...
3
votes
1answer
604 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
158 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
253 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 ...
12
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6answers
133 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 ...
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1answer
153 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, ...
0
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1answer
83 views

How much would I earn [duplicate]

how much estimate would I earn if I use cpuminer and 20ECU? Because im paying for a cloud instance for $0.01/hour. And it is 20ECU. I just want to make sure I can get profit. Thank you!
2
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1answer
566 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
640 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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0answers
32 views

Should mining.notify.merkle_branches contain the coinbase transaction or not?

Okay I'm working on a new pool-server though got a question. I'm using litecoin testnet right now to test stuff and here's a getblocktemplate() response I get; { "result": { "version": 2, ...