The tag has no usage guidance.

learn more… | top users | synonyms

1
vote
0answers
159 views

Payout method PPLNS or PPS?

Which payout method is better, and why? I am getting more money out with PPLNS, but everyone says using PPS is more effective, what am I doing right?
2
votes
1answer
194 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
409 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 I'...
2
votes
0answers
40 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. ...
4
votes
2answers
915 views

How do you send to multiple addresses by paying a one time fee? Which wallet supports this?

I have 20+ addresses I need to payout to. How can I send to all of these addresses without having to do it one at a time and paying a fee for each? Which desktop and mobile wallet supports this type ...
2
votes
1answer
278 views

What is Multi-PPS (Pay Per Share)?

I know the original proposal on bitcointalk is here, but can someone explain it more succinctly? How does Multi-PPS work? Can it actually prevent mining centralization?
2
votes
1answer
619 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 ...
1
vote
1answer
183 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 ...
0
votes
1answer
169 views

How long should I expect to wait for payout on p2pool

Basically, I have 20 GH/s running on p2pool I've had no pay out for about 4 days which seems a long time. The time to share is also 110 hours and stays at 110 hours. It never drops and so am getting ...
3
votes
1answer
1k 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 ...
0
votes
1answer
100 views

Is there a minimum time to be minning a pool to have any results?

For example if minning with Deepbit is there a minimum time one must run cgminer to have anything added to their Deepbit account balance?
5
votes
3answers
2k 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 ...
2
votes
2answers
1k 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 ...
2
votes
0answers
4k views

Middlecoin vs Wafflepool vs multipool.us [closed]

Which one actually has a better payoff? As I understand from their websites, their fees are: Middlecoin 3.88% Wafflepool 1% Multipool.us 1.50% So, clearly Wafflepool's the best, but how are ...
-1
votes
1answer
1k 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?
0
votes
1answer
558 views

0 Payout at litecoin pool with a processing power of 1.6 Mh/s. Why?

Recently I managed to get my hands on 10 servers with 32 cores each and 128GB ram each. I realised that in 10 hours of working at 100% I had mined exactly 0 litecoins using a p2pool. I think it's ...
0
votes
1answer
941 views

How can I calculate the bitcoin per day from mining in a pool?

So, I'm trying out http://cex.io, a cloud based hash market. They use the pool http://ghash.io which uses "PPLNS" for distribution of funds(?) Given that I can see how much total hashing power is in ...
0
votes
1answer
1k views

Balance not going up in deepbit after mining

I've been mining with a deepbit account and noticed the balance hasn't been increasing. I use the following bat file to run cgminer version 3.5.0 cgminer.exe -o http://pit.deepbit.net:8332 -u emailme@...
0
votes
0answers
171 views

Explanation of lower return for a much longer mining time

Hello I've started mining bitcoins yesterday and I let it work about 2-3 hours and got something around 0.00013 BTC. Today I let it run for about 9 hours and I now have 0.00018 BTC. Yesterday my ...
3
votes
1answer
355 views

Why am I getting payouts from 6 blocks with only 1 share found with a LTC P2Pool pool?

I was mining in a LTC P2Pool pool and found a share. As I understand it, if the conditions outlined in this answer would have been satisfied, I should have received a payout from the next block found ...
6
votes
2answers
14k views

Why is my p2pool share not payed out?

I'm mining Litecoins in the q30.qhor.net P2Pool node at a current rate of around 75 kH/s. I've been reading that decentralized p2pool mining differs a bit from centralized mining pools, e.g. that you ...
5
votes
1answer
2k views

Cheating on pooled mining

What is stopping me from hacking the mining software such that if I do happen to get the right hash I keep it for myself, but if not then I just submit my work done and get my share of the mined ...
9
votes
5answers
18k views

Mining pool hashrate effect on a miner's income

Newbie miners have many misconceptions about how the hashrate of the pool they mine in will affect their mining income. If a big miner joins the pool there are some unhappy miners who think that now ...
0
votes
3answers
8k views

Why to mine with a high difficult on PPLNS

I'm trying poolmining ob btc-guild with the cgminer and try to calculate by testing if it is worth it or not. One thing I wondered is: Why should I want to set a high difficult / not the lowest one, ...
2
votes
2answers
5k views

Is PPS or DGM better for pooled mining when difficulty has a high “beta”

According to this thread on BFL, BFL_Josh says PPS may be a better bet for you if you don't like variance. However if you are mining for the long haul, DGM will pay out more but your variance will ...
7
votes
1answer
455 views

When a mining pool pays out to the workers, why does it not just cache the transaction and then pay zero fees on its next successful block?

If you had a mining pool that was generating a few blocks per week, then why not just cache all the payout transactions (if the clients were happy to do this) and then just put them in the next ...
1
vote
1answer
604 views

If each miner has a different share difficulty in a PPS pool, how should I calculate and reward the relative effort of each?

For discussion purposes, suppose I have an ASIC miner, several GPUs and a CPU botnet all mining with different difficulties. When a share is returned to the pool, at what difficulty threshold should ...
4
votes
2answers
7k views

How much is a mining pool share worth on average?

I know that mining pool shares have no value on their own, but it should be possible to find an average value based on the pool's average payout per share. This site describes the expected payout per ...
4
votes
1answer
414 views

How to structure a Bitcoin charity miner?

I'm working on a project involving mining Bitcoins for charity. I'm writing my own miner, and though I may eventually set up my own pool for this purpose, for now I'm planning on using existing pools. ...
14
votes
3answers
9k views

What is pool hopping?

What is pool hopping and how do pool hoppers affect other miners? Are there ways to prevent it?
2
votes
2answers
1k views

Effects of mining pools paying for stale shares/work

Some mining pools pay for stale shares / proofs of work, and others don't. If a pool pays for stale shares, how does it affect individual miners? What about the pool? Related: What are stale shares ...
3
votes
1answer
236 views

How do mining pool payout methods affect the cost of executing a block withholding attack?

I'm wondering how each payout method (PPS, DGM, PPLNS, Proportional, etc) influences the cost of executing a block withholding attack. Does it matter how the payout method places variance between ...
5
votes
4answers
2k views

Is the “double geometric” payout method for pooled mining fair to part time miners?

The "double geometric" payout method as used on the Ozco.in pool is supposed to be fair and prevent pool hopping, but is this method fair to miners that only mine for a few hours per day, as opposed ...
7
votes
1answer
383 views

Which pools offer payouts via generation? (Eligius-style payouts)

As the title says, which pools offer payouts to miners directly in the generation transaction of the block, as in Eligius?
13
votes
1answer
5k views

What is the P2Pool?

As I was checking this SE, it doesn't appear this important question has been asked: What is the P2Pool? How does differ from the traditional approach and what does it offer its users?
6
votes
1answer
493 views

How do mining pools figure out the hashing speed of the connected miners?

How do mining pools figure out the hashing speed of the miners connected to it?
3
votes
2answers
4k views

What does PPS mean/stand for?

On many mining pools/bonds I see things listed as 105% PPS / 110% PPS weekly payout. What does PPS actually mean?
4
votes
1answer
678 views

Is P2Pool vulnerable to pool hopping?

Some pools / payout mechanisms are vulnerable to pool hopping. Is P2Pool vulnerable?
10
votes
2answers
11k views

How to choose the most profitable pool?

Say I have a moderate amount of hashing power and I want to maximize my profit by using the pool that would give the best rewards for mining with them, what should I look at when choosing a pool?
7
votes
2answers
856 views

Can an SMPPS (Shared Maximum Pay Per Share) pool be hopped?

I've looked at the way SMPPS (Shared Maximum Pay Per Share) payout schemes work, and as far as I can tell, there is no significant way to hop such a pool to advantage. Yet I've seen several people ...
16
votes
4answers
9k views

Solo Mining vs Pool Mining for users with high computing power

Let's say that a user has a decent amount of computing power. At the current difficulty of 1777774.4820015, he could have for example 10Gh/s (he would earn around 5 BTC per day according to a ...
11
votes
2answers
534 views

What are the problems with naive pool sharing mechanisms?

@David's comment on this answer suggests that naive approaches to mining pool management don't work. What attacks are possible on such naive approaches, such as every miner gets a share proportional ...
17
votes
4answers
24k views

What is a good mining pool/payout model for infrequent mining?

I usually mine only, when I do stuff using my PC so it is on anyway. So far I used Slushs Pool but they have a score based reward system, which seem to punish casual mining. If a long round ends >15 ...
13
votes
5answers
3k views

How can P2Pool charge a fee?

P2Pool is an open source peer to peer mining pool. It currently charges a fee of 0.5%. Is it possible to just fork P2Pool protocol and eliminate the fee? Has this been done? If so, how can P2Pool ...