Questions tagged [mining-pools]

This tag should be used for questions referring to mining pools. 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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BITCOIN MINING POOL OPERATION CONCERN

I have contributed Bitcoin into a mining pool that was being promoted on Instagram. The miner of the pool informed me that the process consists of 5 cycles. He set an initial amount of Bitcoin to be ...
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655 views

Slushpool Miner Hashrate always Lower than Local Hashrate

A Short Story There is an Antminer server farm I provide support for with over 100 BC servers—mainly S9 and T9 models. There are three specific S9 miners that are side by side right next to each ...
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Stratum protocol - problem with implementation in python

For a couple of days I'm trying to write simple script in python to communicate with stratum pool server. I'm using simplified code of NightMiner (https://github.com/ricmoo/nightminer/) and some ...
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Retrieve my balances

I just recently discovered that i had a GUIminer that i installed in 2012. I also had Bitcoin Core with several wallet.dat files. I have been unsuccessful in running a full node as my computer and ...
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How many zeros must be in a bitcoin share for a pool to accept it?

In the binary representation of the hash. Now the hash should be about 80 zeros. In the share - less, but how much exactly? At the dawn of bitcoin in a share, it was enough to have 32 zeros. Now the ...
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My Bitcoins are lost in transaction

I sent my 0,1 bitcoin on the 8th of Januari from an offline wallet (Bitcoin Core), to an online wallet. Still haven't got the btc in my new wallet. The status on the offline wallet says: ''unconfirmed,...
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1answer
36 views

Mining pools communicating outside of network

Does anyone know of any papers / evidence of bitcoin mining pools communicating outside of the bitcoin network for financial gain? It seems plausible in practice, but I am not sure if that has ...
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2answers
73 views

What are the chances bitcoin big mining pools to unite and do 51% attack?

Looking at this bitcoin hash rate distribution chart (https://www.blockchain.com/en/pools), it only takes 3-4 mining pools to unite and do a 51% attack. With this possibility, how can people still ...
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Why stratum's data previous hash has that specific byte ordering?

I am doing some tests to understand the stratum protocol. If I connect to a stratum pool (slush in this case), and check the data I receive after mining.authorize, I get the following previous hash: ...
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143 views

Is there a way that we can report a Bitcoin scam?

Good day Is there a way that we can report a Bitcoin scam? I was recently scammed over R200000 therefore I would like to report the person and the platform to alert people of her fraudulent platform.
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How much internet traffic and bandwidth does mining with a pool need?

As you know the new Antminer S9 is available and its hash rate per second is 14TH. Now, my question is if I buy one of these, how much internet traffic and bandwidth do I need for mining by pool and ...
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If I were executing a 51% attack, would I be broadcasting my state of the network to nodes?

In the scenario where an entity has control of greater than 51% of the hash power and wishes to build a longer chain where they double-spend previously confirmed transactions, do they broadcast the ...
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Calculate the hash of mined block using stratum parameters (coinb1, coinb2, xtranonce1…)?

Miners get several parameters from the stratum pool: coinb1, coinb2, xtranonce1, xtranonce2... according to here. I wonder if it is possible to reproduce the hash of one already mined block, but ...
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421 views

What is the pool in Nicehash?

I am new to Bitcoin and recently have invested in bitcoins. I came across Nicehash when I was planning to get into Bitcoin mining. I understand that Nicehash gives you an option to rent hash power for ...
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68 views

Stratum protocol - problem with mining.submit method

code was written according to documentation. I have following lines for submit method submit() { // ["<worker.name>", "<jobID>", "<ExtraNonce2>", "<ntime>", "<nonce>...
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70 views

Bitcoin blockchain minner

Q. Is it correct to state that a Bitcoin miner has only two jobs: validating transactions creating a block to add into the blockchain
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1answer
64 views

How to get the pool name from coinbase transaction?

Is it possible to retrieve the name of the pool that mined a block looking at the address in the coinbase transaction? For example, the address in the coinbase transaction of block ...
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1answer
693 views

Configuring GPU mining with CGminer

I know GPU mining is looked down upon, but I cant afford an ASIC. SO I would like to know how to mine Bitcoin with CGminer using my gpu. Any help would be appreciated. I already am connected to a ...
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71 views

Where can I get a visual example of the entire bitcoin network starting from physical network to the overlay network

*Note I am not a technical person so excuse any misunderstandings on my part here. I am looking to get a sense of how the entire system looks like as a whole starting from the physical hardware (such ...
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1answer
21 views

mining Blockchain Blocks

What if a miner starts to generate a new block hash based on trans data,latest block hash , timestamp and nonce , then in the middle of the work a new block has been added by another miner. in this ...
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2answers
8k views

What is the format of the coinbase transaction?

I'm trying to understand the format of the coinbase transaction. I've read that it is arbitrary and not specified. I'm wondering because I need to generate mining work and create an internal pool. As ...
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3answers
23k views

What is pool hopping?

What is pool hopping and how do pool hoppers affect other miners? Are there ways to prevent it?
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1answer
34 views

Why does it make sense for mining pools to send empty blocks to miners in Stratum v1?

I am reading the recently released specs of Stratum v1 versus Stratum v2. One of the features is that "it is equally as efficient for pools to send full blocks for miners to begin working on as it is ...
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2answers
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Can a bitcoin transaction from a specific bitcoin address be banned? (via mining pools)

Can a bitcoin transaction from a specific bitcoin address be banned? (via mining pools) Suppose Satoshi Nakamoto wants to send some bitcoin from one of his bitcoin address, can the mining pools ...
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1answer
43 views

Can collective mining pools refuse to recognize a mining block mined by a specific miner?

This is a continuation to the question: Can a bitcoin transaction from a specific bitcoin address be banned? (via mining pools). Suppose Satoshi Nakamoto sends bitcoins from one address to another, ...
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Does getting shares when mining mean that I have earned a reward? [closed]

So I have 13 Total Shares (Non Rejected) and my pool is Mining Pool Hub. It does not show that I have gained any Ethereum when I go to Dashboard (Under Ethereum) on Mining Pool Hub. Do accepted shares ...
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1answer
64 views

Is it profitable to mine Bitcoin on iPhone X? [duplicate]

I'm a newbie to mining, so in just trying to explore our. I wish to know if it's profitable to mint it on iPhone X? What I mean by profitability is making between $1000 - $3000 monthly by mining. ...
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1answer
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How do i configure two (or more) Antminer S9s on one bitcoin.com account?

I just added a second Antminer S9 to my pool. I've been mining with one S9 and bitcoin.com for about a year. in Antminer-1 configuration I have my bitcoin username in the "Worker" Field / password "...
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1answer
44 views

how do mining pools expose their stats?

Webistes like https://miningpoolstats.stream/ must communicate with the pools somehow. What protocol do they use to retrieve information such as the pool's hashrate and what blocks have been mined by ...
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3answers
96 views

Don't miners control who is allowed to make transactions?

Simple question really, considering theres a very small group of miners controlling the chain ATM. Whats to stop them from being forced by the goverment to disallow certain transactions or just mining ...
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1answer
31 views

How to transfer hash power from one pool to another

Is it possible to transfer hash power from one pool to another? If yes, how?
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2answers
6k views

Do you need to download the entire blockchain in order to mine bitcoins?

Do you need to download the entire blockchain in order to mine bitcoins? I'm downloading bitcoin-qt, and I'm afraid it will take up too much memory on my computer. Also, I just read that when another ...
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1answer
2k views

Bitcoin Mining on Office Network

I'm a bitcoin novice and i've read a bit about mining. It got me thinking that I could setup our office network to min bitcoin (obviously with permission) We have a centos linux server which is on 24/...
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when a miner solves the problem in less than one timestamp then what does it do with its extra capacity?

If a miner solves the problem in less than one second then how does it use the extra capacity.
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1k 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 ...
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1answer
58 views

I got a coinbase transaction and I don't know where it comes from

I received a small payment from a coinbase transaction, but I haven't been mining nor I have signed up on a mining pool. Does this happen when someone accidentally sets my address instead of theirs ...
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0answers
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In a mining pool, how do shares counting works with vardiff?

I was reading this very interesting page: https://slushpool.com/help/hashrate-proof/ I read the "How does the mining and hash rate calculation work?" section and with a fixed difficulty for all ...
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1answer
94 views

How to determine the geographic distribution of the hashrate?

I would like to map the hashrate distribution geographically, which would require knowing the IP address of the winning miner for each block. According to the paper by Miller et al several aggregator ...
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1answer
27 views

How can size of a block be significantly small? [duplicate]

As we all know bitcoin block size should be sth about 1MiB. (Some blocks about 2MB). And this is because miners put all transactions to the block every 10 minutes. So what happens technically that ...
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1answer
271 views

What is the best way to earn money mining Bitcoin?

Simply stated- what is the most cost-efficient way to earn money from mining Bitcoin? I've been a HODL'er since '14 but I recently wanted to deep-dive into mining for fun and was surprised to find ...
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3answers
316 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 ...
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1answer
105 views

I'm running an antminer solo on my local bitcoind 'pool' will i get paid?

I'm running an antminer 'a' solo on my local bitcoind 'pool' plus an S5. Both are hashing away lovely, but only the S5 goes through bfgminer, 'a' is connected to my bitcoind 'pool' directly . My ...
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2answers
111 views

Besides greater probablity of discovery, are there other **significant** optimizations a of mining pool?

Besides the benefit of increased attempts, are there any other significant, measurable optimizations that mining pools provide? I'm referring to intrinsic functions such as non-duplication of failed "...
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2answers
108 views

Is it more dangerous when 51% attack happens than just having a pool with >50% hashrate?

Many people told me that, if a mining pool performs a 51% attack, the price of the coin will drop. But I disagree. There are pools with >50% hash power already for a long time. Flypool is an example....
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11 views

How do create Intermediary between an acic machine and minimg pool?

I need vps Intermediary between asic miner and mining pool ... normal mode : asic miner >> minig pool Required Mode: asic miner >> VPS >> mining pool How can I do this?
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11k views

What prevents a pool miner from stealing an entire block?

As I understand it,when mining BTC, and calculating a block, the goal is to find a SHA-256 hash below a certain value (with the previous block, a nonce, and other things as the input). Are pool ...
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1answer
29 views

Can a block have multiple coinbase transactions? Also is there a limit to the number of signatures a multi-sig transaction has or requires? [closed]

I am wondering if a block can be created with multiple coinbase transactions. The US government regulates mining pools that have control over the miner's wallets, so it would be fabulous if this could ...
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6answers
270 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 ...
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2answers
51 views

Could mining centralization be countered by checking if the node connects to many ASICs instead of one?

In a mining pool, many ASICs and GPU/CPU from all around the world connect to the pool's node. Is it possible to force every node's client software to check if a node is connected to just one ...
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4answers
31k views

Mining behind a proxy and restrictive firewall (only http ports allowed) - possible?

I have a very restrictive firewall with an additional proxy here. Is there a GPU mining tool out there that supports proxy server? The best would be a SSL connection to the mining pool. A long living ...

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