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)

-2
votes
0answers
22 views

How do I configure my GTX 980 for Slush pool?

I decided to try Bitcoin mining with my new GTX 980. I tried, downloaded and installed GUIMiner and so on. I used Slush pool and then set up a Bitcoin wallet, but when it comes to workers in Slush ...
-1
votes
0answers
10 views

Configuring blade miner for pool [closed]

I need help getting this blade miner to work on the pool bitminter.com. Can you help me? I can't set up the configuration page settings. I need detailed info as to how to get it to work.
0
votes
0answers
24 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 ...
1
vote
2answers
37 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 ...
0
votes
0answers
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?
1
vote
2answers
63 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 ...
0
votes
1answer
103 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
86 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
48 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
123 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
212 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
87 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 ...
0
votes
1answer
111 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 ...
0
votes
0answers
157 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
74 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
34 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: ...
0
votes
1answer
84 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 ...
0
votes
0answers
49 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
147 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 ...
3
votes
1answer
133 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
56 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
1k 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 ???
1
vote
1answer
577 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
votes
1answer
283 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 ...
1
vote
0answers
149 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 ...
0
votes
0answers
86 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 ...
1
vote
0answers
51 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
26 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 ...
1
vote
1answer
58 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?
0
votes
0answers
63 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
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
votes
1answer
80 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
1answer
43 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?," ...
0
votes
0answers
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 ...
0
votes
0answers
64 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 ...
1
vote
2answers
60 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
19 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, ...
0
votes
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
72 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. ...
3
votes
2answers
120 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
54 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
4k 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
59 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
184 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
vote
2answers
371 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 ...
1
vote
2answers
153 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
208 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 ...
2
votes
0answers
38 views

If only six blocks are solved per hour, then how are more than six miners getting paid per hour? [duplicate]

According to this page on average six blocks in the Bitcoin network are solved per hour, yet there are thousands of Bitcoin miners and presumably more than six of them are making money every hour. ...