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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52 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 ...
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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!
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50 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 ...
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1answer
105 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 ...
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1answer
65 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
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19 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?
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1answer
48 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. ...
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0answers
26 views

Minimal Bitcoin Miner, how i configure?

I would mining on my own web hosting with Minimal Bitcoin Miner but I don't know how configure it. What is Getwork protocol e how I can configure?
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1answer
55 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 ...
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1answer
512 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 ...
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29 views

Is there an easy explanation to understand the different types of pools

I would like know if there is an easy explanation on all the different pool systems, their reward systems and how fast they pay without being referred to the Meni Rosenfeld paper
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1answer
90 views

How does estimated coins calculated on Coinotron?

On 'Cointron' their is wallet table after logged in into the site, how they calculate estimated coins per day, estimated rewards, confirmed rewards and unconfirmed rewards? How does Coinotron derive ...
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413 views

Share is above target when switching between stratums

I'm running a pool for some friends and myself, where we mine both dogecoin and litecoin (and occasionaly some other flavor of the day). The farms are pointing to a simple proxy: a C daemon that is ...
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1answer
159 views

what is the difference between a private pool or solo mining

I would like to understand if there is a difference in resolving blocks with a private pool and solo mining, I understand that when solo mining you are given a block to resolve but within your private ...
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1answer
34 views

Are pools share rewards equivalent to the power/hash rate input of a mining machine

I would like to know if I enter a pool and I input a given amount of Hash rate, is my share reward equivalent to my Hash rate input
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0answers
22 views

Variance in Difficulty [duplicate]

Why does the difficulty on Blockr.io show 11.15, and the pool difficulty show as 55.77 for example? I am not understanding why the pool # has been much higher consistently. Does this just mean more ...
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3answers
144 views

Are there any mining pools that publish what transactions they will include?

If some large number of the mining pools started publishing what transactions they are planning on including the danger of accepting a zero confirmation transaction would be reduced dramatically. Has ...
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1answer
167 views

Is there a cudaminer difficulty parameter option

I try to mine some btc using cudaminer on cex.io. I'm using cudaminer for that. I have a lot 'low' rejected shares due to low difficulty (On the ghash.io they say the minimum stratum difficulty is ...
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0answers
82 views

In MemoryCoin, what is the difference between “Found Solution” and “Found Share”?

This is the output from pool mining MemoryCoin, if that is relevant: [00:09:45] Found solution - 15826 / 1968 / 4045737373 [00:10:08] Stats: 0.933 hash/min [00:11:14] Stats: 0.899 hash/min [00:11:35] ...
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0answers
25 views

How would I implement a generation transaction pool payout system?

I'm looking to implement the http://eligius.st/ generation transaction instant payout method for a pool I have in development. Is there any documentation/reference code on how that would be done? I ...
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1answer
44 views

Why do some pools require a worker name with an underscore and others require a period?

The majority of pools I see that they use a period such that: username.workername others use: username_workename I see that it definitely is not interchangeable. How come some pools use ...
3
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1answer
347 views

BFGMiner vs. CGMiner

What is the difference between BFGMiner and CGMiner in Laymen's terms? Also, the longterm outcome will be exactly the same if mining is done with or without a pool, correct?
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3answers
633 views

I have 8 Antminers, is there a way I could change their pool credentials all at the same time like through ssh with a script

As title says, I have 8 identical mining machines I just want to be able to point them at the same pool all at once, is this possible with a combination of python and ssh? If someone else already ...
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0answers
62 views

Eloipool server configutation error

I tried eloipool on two different machines with the same problem. I get two errors. I used online guides to install eloipool and the script provided by ZeroASic ...
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0answers
310 views

Workers aren't showing up in ghash.io

Im using cgminer 3.7.2 and I'm mining at ~77Mh/s in the ghash.io pool. I go to the worker list at the ghash website but nothing shows up. At the ghash main page it shows that I'm mining the blocks but ...
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1answer
39 views

Please help, stuck at static 24Mhash/s? [duplicate]

I'm fairly new to mining bitcoin, but I have read that using GPU can help improve performance. I currently am using GUIMiner (latest version) running on an OpenCL back-end but when I choose to use my ...
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4answers
97 views

isn't miner collusion rational?

suppose for the sake of argument that each individual miner has the same amount of hashing power of one hash per unit of time (a "tick"). the probability that a miner solves their block in the next ...
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1answer
150 views

How widespread is OP_RETURN forwarding and mining (as of February 2014)?

As of now (February 2014), how easy is it to have a transaction which makes use of OP_RETURN data confirmed into a block? Do standard nodes forward such transactions yet? Have major mining pools ...
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3answers
138 views

Does a miner (or mining pool) who has 10x as much hashing power have 10x the odds of mining a block?

I heard somewhere that joining a mining pool logarithmically increases your odds of mining a block.. is that for some reason true? Or was it someone who didn't know what they were talking about and ...
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3answers
486 views

How do mining pools work?

I understand the following Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the ...
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1answer
89 views

Ignoring the difficulty set by the pool

Scenario: The pool sends a mining.set_difficulty message with difficulty = 8. The miner ignores the message and submits shares that qualify at difficulty = 1. Most shares will be rejected by the ...
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1answer
94 views

Connect my mining pool to another mining pool

What are some ways to connect my mining pool to another mining pool without altering any settings on the miners. Thanks in advance.
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2answers
3k views

Mining bitcoin using cudaminer?

I have started mining using an nvidia gtx 670m GPU. I have compiled cudaminer and started mining on the slush pool. However, during mining I always get results similar to: accepted: 0/X (0.00%), ...
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2answers
265 views

Entry point hardware for profitable mining [closed]

A) Which hardware B) Which GH/s level will be profitable for 1) Pool mining 2) Solo mining Bitcoins as of February 2014? Links to sources where information can be checked over time will be great, ...
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2answers
410 views

Mining with BFL at 440 GHS over 24 Hours and no bitcoin?

Is this even possible. I have been mining for about a month now, steadily building up my machines. When the big daddy from BFL comes (and the 230 is fixed) I will be mining at 1.2 THS. I have never ...
0
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1answer
434 views

Is it legal to start a Litecoin mining pool in the US?

My question is this: Given all the regulations in the USA, is it legal for me to start my own litecoin mining pool here in the US?
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1answer
98 views

What happens on my computer when I mine in a pool?

When I mine in a pool, I see the number of shares and stale ones. What does this mean? What is a share? What the guiminer (the mining program) receives and what it sends? It sends it to whom? How the ...
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2answers
181 views

When running a mining pool how many (super)nodes should I connect to?

Is it beneficial to connect your *coind instance to multiple supernodes? Or Should I connect to more than the 8 standard peers? Does this potentially improve the amount that could be earned in ...
1
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1answer
589 views

USB hub busy when mining Peercoin with Red Fury ASIC running Minepeon

I have a RasPI running minepeon 0.2.5, a DLINK USB Hub and a Red Fury USB ASIC Bitcoin Miner 2.2-2.7GH/Sec By BITFURY I've added my pool https://ppcoin.d7.lt/ and things looked good except nothing is ...
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438 views

How can I configure to solo-mine, and use a mining-pool as failover?

cgminer can be configured to have multiple pools. Is there a way, to have as first entry my private wallet, and as second entry a public mining-pool? Doing so gives strange output: [2014-01-29 ...
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1answer
140 views

Why doesn't the number of shares in my miner match the number of shares reported by my pool?

It was my understanding that I have found a share, when the miner reports accepted:...(yay). However, the number of shares I'm being credited with in my pool is much lower than the number in the ...
1
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1answer
634 views

Stratum + MPOS pool question

This is the first pool I have configured so forgive my n00bness. https://github.com/MPOS/php-mpos/wiki/Quick-Start-Guide I completed the guide and everything appears to fire up correctly though when a ...
0
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2answers
122 views

no schema for stratum

I am trying to bring up stratum mining on a pool and get this error -> exceptions.Exception: There is no shares table. Have you imported the schema? Obviously my database is empty but no package ...
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1answer
285 views

Questions about Bitcoin mining hardware and in pools [closed]

I have recently found out about Bitcoin, and as I read more and found about about hardware and stuff, I thought of a lot of questions. So Butterfly Labs has Bitcoin mining hardware, and I was ...
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1answer
1k views

What does “new block detected on network before long poll” mean?

I'm new to mining and I'm mining doge coins. My mining client reported new block detected on network before longpoll but it doesn't seem like I'm actually mining anything. What does this mean?
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1answer
2k views

Understanding Shares in Pool Mining

I just started mining today at Dogechain pool. I wanted to see what mining was like, so I'm only using minerd with my CPU. I don't expect a lot until I get a GPU rig going, but something doesn't seem ...
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1answer
263 views

Bitminter Blocks: why didn't my balance change? [closed]

I recently started mining in BitMinter's Pool. I realized I had 10 proof of works accepted by the server, but my balance didn't change. What am I missing?
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275 views

mining pool with eloipool, fires up port but cannot connect

I am trying to get eloipool up and running in a solo mining configuration using this installation https://bitcointalk.org/index.php?topic=158105.0 eolipool starts up error free but clients cannot ...
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1answer
138 views

Can I write my own pool software by using bitcoin API?

Theoretically speaking, if I know programming (C,C++,C# etc.) can I write my own mining pool software/server using only Bitcoin API or I need more information than that? ...
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1answer
226 views

Is it safe to share my BTCGuild API key?

Is there any risk in sharing my BTCGuild API key with someone else? I want them to be able to see my hashing rate but I want to make sure it's not a bad idea or unsafe in anyway. For example using ...