Questions tagged [pool-payout-methods]
The pool-payout-methods tag has no usage guidance.
49
questions
8
votes
1
answer
494
views
How does Ocean’s TIDES payout scheme work?
This week a new mining pool "Ocean" was announced. The mining pool uses a payout scheme called Transparent Index of Distinct Extended Shares (TIDES). The Ocean website describes the scheme ...
- 130
1
vote
1
answer
463
views
Does each miner in a bitcoin mining pool have a chance to win the block reward?
Suppose there is mining pool XYZ. 10 miners, 1 through 10, are subscribed to it and miners have varying hash power. Some have 10 GPU mining rigs, while others have just a single CPU running 24 hours a ...
CommunityBot
- 1
15
votes
6
answers
68k
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
0
answers
64
views
Do most small miners join mining pools? Is "pay-per-share" the dominant approach?
Is it correctly understood that most individual/small miners join mining pools?
Is "pay-per-share" (or some variations thereof) the most popular mining pool approach, which means that the ...
- 101
0
votes
0
answers
34
views
Payout query in Mining
If a miner account is in active , possible to get payout in halving automatically? Bcoz my mining account is active, but cannot access. Possible to get my profit in halving ? My wallet is fused with ...
27
votes
3
answers
29k
views
What is pool hopping?
What is pool hopping and how do pool hoppers affect other miners?
Are there ways to prevent it?
- 3
0
votes
4
answers
9k
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, ...
3
votes
2
answers
672
views
How do Bitcoin mining pools send their miner's their share of the block reward
In most bitcoin mining pools, miners of a pool are sent their portion of a block reward that the pool collectively mines, every 30 minutes or 1 hour.
How exactly does a mining pool tell the Bitcoin ...
CommunityBot
- 1
16
votes
3
answers
24k
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 ...
- 11.8k
5
votes
1
answer
606
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.
...
0
votes
1
answer
470
views
Is there a minimum time to be mining a pool to have any results?
For example if mining with Deepbit is there a minimum time one must run cgminer to have anything added to their Deepbit account balance?
- 75.3k
0
votes
2
answers
691
views
PPLNS implementation
Quote from Meni Rosenfeld's post explaining PPLNS:
Choose a parameter X, which represents multiples of D to include in the window when difficulty is static. X=2 is a good choice. When a
share ...
- 19.7k
23
votes
5
answers
28k
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 ...
CommunityBot
- 1
2
votes
2
answers
3k
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 ...
CommunityBot
- 1
2
votes
2
answers
2k
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 ...
CommunityBot
- 1
8
votes
2
answers
24k
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?
CommunityBot
- 1
2
votes
0
answers
55
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. ...
- 75.3k
0
votes
1
answer
838
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 ...
- 75.3k
2
votes
1
answer
2k
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 ...
- 75.3k
7
votes
2
answers
17k
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 ...
- 75.3k
-1
votes
1
answer
3k
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?
- 75.3k
1
vote
2
answers
1k
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'...
CommunityBot
- 1
0
votes
1
answer
2k
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 ...
- 75.3k
5
votes
1
answer
850
views
Is P2Pool vulnerable to pool hopping?
Some pools / payout mechanisms are vulnerable to pool hopping.
Is P2Pool vulnerable?
- 75.3k
2
votes
1
answer
533
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?
- 75.3k
1
vote
1
answer
226
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 ...
- 75.3k
6
votes
1
answer
796
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?
- 75.3k
7
votes
1
answer
540
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?
- 75.3k
7
votes
1
answer
5k
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 ...
- 75.3k
2
votes
2
answers
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 ...
- 75.3k
7
votes
1
answer
502
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 ...
- 75.3k
2
votes
1
answer
1k
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 ...
- 75.3k
14
votes
1
answer
8k
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?
- 75.3k
0
votes
1
answer
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@...
- 75.3k
2
votes
1
answer
348
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 ...
- 75.3k
5
votes
4
answers
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 ...
- 75.3k
7
votes
2
answers
1k
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 ...
- 75.3k
1
vote
0
answers
709
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?
- 75.3k
17
votes
5
answers
4k
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 ...
- 75.3k
18
votes
3
answers
35k
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 ...
- 75.3k
11
votes
2
answers
630
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 ...
CommunityBot
- 1
19
votes
4
answers
43k
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 ...
- 75.3k
10
votes
2
answers
14k
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?
CommunityBot
- 1
3
votes
1
answer
2k
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 ...
CommunityBot
- 1
0
votes
1
answer
816
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 ...
- 11
7
votes
2
answers
17k
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 ...
- 1,445
2
votes
0
answers
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 ...
CommunityBot
- 1
4
votes
1
answer
440
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 ...
CommunityBot
- 1
4
votes
1
answer
429
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 ...
- 19.7k