Bitcoin pool mining guide

I request miners to read up on the links Rosenfeld has provided.For example, my top requirement at the moment is merged mining, since it offers 10% to 13% more reward at the moment without any extra effort on my part.What I did mean, however, is that the high variance is potentially a deal breaker in these cases.

Quote These pools punish the miner who, for whatever reason, does not or cannot maintain a stable mining operation at the pool for the entire duration of the round.

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Pool Stats: Some pools provide awesome graphs and statistics of your mining records with them.I would recommend simply indicate that average reward for any fair pool is the same (unless the pool can be hopped).ViaBTC, a major Chinese mining pool mined the first Bitcoin Cash block.Topic: Video Guide: How to make your own bitcoin mining pool (Read 41112 times) superking123.But they feel much more comfortable and safe, because they eliminated any possible risk.At some point after you take mining seriously (or maybe just browsing the forum), you will come across the idea of pool hopping.

This means anyone can mine Ethereum on any device with the click of a mouse.

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A lot of great pools are out there and at the end of the day it boils down to your personal choice.I am not going to tell you whether you should or should not become a pool hopper, it is entirely up to you.

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What are the Bitcoin Mining Pools in India? - Quora

Quote from: kislam on November 09, 2011, 03:16:51 PM Quote from: DeathAndTaxes on November 09, 2011, 03:01:18 PM So given you accept that average reward is the same then for the sake of bias free article why not modify you parapgrah about rewards.Prep yourself for earning some serious crypto in Part 1 of our Litecoin 101 guide.While some pools let you withdraw funds as soon as a block is solved, others make you wait for 100 or 120 confirmations of the block before you can withdraw those funds.

Solo mining just for luck, realistic? - Bitcoin Stack Exchange

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Understanding Bitcoin Mining Pools - Vladimir Ribakov

The variance there evens out over time, and variance does not mean less total rewards.You will roughly get the same total reward over an extended period from faster and slower pools, but whether you will have the patience to wait for days for your reward (especially if you are a sub-GHash miner and your rewards are small), is completely up to you.Merged Mining: At present this is quite a nice addition when a pool offers merged mining.

For correct information about reward systems, please see Summary of mining pool reward systems and Analysis of Bitcoin pooled mining reward systems.Quote from: DeathAndTaxes on November 09, 2011, 03:01:18 PM. and get lucky on Slush pool for example and submit a share right after normalization.If you just want to focus on one currency, then you can turn off smart mining at any time.This peer-to-peer platform generates Bitcoins through Bitcoin mining.

Creating Cryptocurrency: How to Mine Bitcoins | Digital Trends

Below you will find all the necessary steps in our comprehensive Bitcoin mining guide.

Pool allow you to withdraw even 0.01 from your account, to 8 decimal places.

This is an easy and effective way to manage the heat and electricity produced by your hardware, giving your system a greater lifespan (and reducing your power costs, if necessary).Since current Namecoin difficulty is much lower than Bitcoin, you essentially earn about 10% extra with the same hashrate, which is a big plus.They may be unsafe, untrustworthy, or illegal in your jurisdiction.

This crypto currency was created in 2009 by someone bearing the pseudonym.This is a step by step guide on how to setup your own mining pool for bitcoin, litecoin, and other crypto-currencies.Receipt of bitcoin from your own miners or from a mining pool may also be.Peercoin Pool Mining Guide. FGPAs and ASICs using Bitcoin mining software.And by security, do you mean whether your money is safe with them.You download the miner then start mining almost immediately (all you need to do is create an account).

Bitcoin 'mining' goes from enthusiasts to giant enterprises

They basically found faults with what I wrote and were so very civil about pointing them out.

If mining with slush, for example, getting disconnected for just 5 minutes will reduce your score to virtually zero and if they find a block at that time, you get paid nothing, even though you mined with them for the last 4 hours.As I have mentioned before, it all comes down to your own personal preferences.Although the total reward over time averages out, for the intermittent miner, the uncertainty associated with high variance can be a real annoyance.

Bitcoin.CZ - Bitcoin pool mining monitor -

Before considering a payment method, one should find a pool that they can actually connect to, work with well.with a high submitted share rate, as well as low stales.Whether this is ethical or not is beyond the scope of this discussion (you will find quite a few discussions regarding the ethics of pool hopping, feel free to make up your own mind about it).A pool can pay out 2x as much as another, but if you can only submit 70% total shares to that pool vs another.and your stale rate is double digits, then you are not doing yourself any favors.