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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1answer
53 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
108 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?
1
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0answers
40 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 ...
0
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0answers
55 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 ...
1
vote
1answer
34 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? ...
0
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0answers
35 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 ...
0
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0answers
49 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 ...
0
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1answer
41 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 ...
0
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2answers
92 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 ...
1
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1answer
128 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
104 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 ...
0
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2answers
71 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 ...
1
vote
0answers
107 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 ...
0
votes
1answer
84 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
votes
1answer
83 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
44 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 ...
-1
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1answer
22 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
105 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
36 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
votes
1answer
79 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
votes
1answer
662 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?
0
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0answers
439 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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0answers
17 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 ...
0
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1answer
60 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
78 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
votes
1answer
91 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 ...
0
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2answers
41 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
463 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
votes
2answers
150 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
votes
0answers
201 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
votes
5answers
102 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
votes
1answer
132 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
votes
1answer
79 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
votes
1answer
422 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
votes
2answers
367 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?
0
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0answers
29 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, ...
1
vote
1answer
91 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, ...
-1
votes
1answer
64 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 ...
-1
votes
1answer
251 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 ...
-1
votes
1answer
55 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
vote
2answers
129 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
votes
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
votes
0answers
101 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 ...
0
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0answers
12 views

Do all mining pools compete to unlock same block? [duplicate]

Are all the mining pools competing to unlock each new block, or is each pool assigned an individual block to unlock?
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votes
1answer
348 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
126 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
55 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
votes
1answer
95 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
vote
1answer
77 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
votes
1answer
1k 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 ...