Try Bitminter. The only pool recommended by gummibears.
I also recommend BitMinter. Been a sound pool for years and you can get payouts whenever you want, per day in my case.
For the sake of network integrity always avoid the biggest pools.
Topic: Confused about which mining pool to join and stick with. - page 2. (Read 2683 times)
I also recommend BitMinter. Been a sound pool for years and you can get payouts whenever you want, per day in my case.
For the sake of network integrity always avoid the biggest pools.
I like bit inter, but it does not work with the antminer
Try Bitminter. The only pool recommended by gummibears.
Look at p2pool. The fees are usually 1-6% lower than the other pools, so you make more. Likewise there is no account setup and earnings are paid instantly so you don't have to worry about a pool being hacked. The variance is higher, but over time you are better off.
Thanks everyone. I am doing it as a hobby and know that I will not break the bank. I have tons of questions and am very curious.
The problem is that while I do not expect to make a million, it would be nice to make a few dollars.
I do not have much of a hash rate, but am more than happy to spread it around so that the economy continues to grow
The problem is that while I do not expect to make a million, it would be nice to make a few dollars.
I do not have much of a hash rate, but am more than happy to spread it around so that the economy continues to grow
As the owner of a new pool I tend to agree with the earlier post.
I hashed a few pools when I first started & found that each pool was lacking something that I wanted.
It seems like the bigger pools are hard to communicate with, while the smaller pools take longer to get a return on your effort.
Most of the pools lack either that "community" feeling or they are very bare bones and kind of leave you on your own to figure things out. In the end I just ended up creating my own pool.
Best of luck to you in your search.
I hashed a few pools when I first started & found that each pool was lacking something that I wanted.
It seems like the bigger pools are hard to communicate with, while the smaller pools take longer to get a return on your effort.
Most of the pools lack either that "community" feeling or they are very bare bones and kind of leave you on your own to figure things out. In the end I just ended up creating my own pool.
Best of luck to you in your search.
Statistically, it doesn't matter what pool you join, in the long run, you will make the same regardless of what pool you join. The only thing that can impact that is the pool's fee structure.
Big pools give you smaller but more frequent payouts, and this plays to a lot of miners' psyche.
Small pools will give you larger but less frequent payouts. (this is called variance).
So as far as how to pick a pool, looking at it from a profitability's perspective, look at their fee structure. Otherwise, pick one with a good community (or not).
Personally, I would go with the smaller/mid-sized pools, they have a better more homely community and it helps spread out the hash rate.
Big pools give you smaller but more frequent payouts, and this plays to a lot of miners' psyche.
Small pools will give you larger but less frequent payouts. (this is called variance).
So as far as how to pick a pool, looking at it from a profitability's perspective, look at their fee structure. Otherwise, pick one with a good community (or not).
Personally, I would go with the smaller/mid-sized pools, they have a better more homely community and it helps spread out the hash rate.
Its obvious that its better that people spread their hash over various pools, but its also obvious that people will gravitate to whatever will pay out best for them. ..
look at my benchmark
I still recommend any p2pool.in node as of it decentralized nature. But yes you will have great variance.
In next benchmark round I will include reesult from Eligius.st
I still recommend any p2pool.in node as of it decentralized nature. But yes you will have great variance.
In next benchmark round I will include reesult from Eligius.st
I am having a blast mining and am on information overload.
The one thing that seems to be missing is how much people are currently making mining.
Since that does not appear to be a hot topic, my question is about selecting a mining pool.
Is there a way to figure out which pool is going to make you the most money?
I understand that are certain parameters that are out of your control, but in general which pool is the best to join?
Are you better off with a smaller pool or a bigger one? When does the economics make sense to change pools?
I am guessing that there has to be a break even point (not sure what it would be called with mining) where you get too many people in a pool because when the pool pays out there is not enough for everyone. In other words, if we have a certain hash rate with 50 people in the pool, it will be a better payout with 500 people in the pool with the same hash rate.
Has anyone ran the numbers or tried to calculate what the "perfect pool" is?
Just curious what everyone thinks about this.
The one thing that seems to be missing is how much people are currently making mining.
Since that does not appear to be a hot topic, my question is about selecting a mining pool.
Is there a way to figure out which pool is going to make you the most money?
I understand that are certain parameters that are out of your control, but in general which pool is the best to join?
Are you better off with a smaller pool or a bigger one? When does the economics make sense to change pools?
I am guessing that there has to be a break even point (not sure what it would be called with mining) where you get too many people in a pool because when the pool pays out there is not enough for everyone. In other words, if we have a certain hash rate with 50 people in the pool, it will be a better payout with 500 people in the pool with the same hash rate.
Has anyone ran the numbers or tried to calculate what the "perfect pool" is?
Just curious what everyone thinks about this.
There will always be enough. Pools with bigger hashrate will give you less BTC per block, but will find blocks more often. So there really is not much of a difference.
Try to join a decently sized pool (so that it can hit blocks fairly consistently), but try not to get on the biggest player - it's better for the general economy if the hashrate is spread evenly between different pools (to minimize the risk of 51% attack).
I go between Eligius and BTC Guild. My tertiary backup is Eclipse (it's a reliable PPS pool).
We need even bigger fonts! 
Eligius for sure.
I am having a blast mining and am on information overload.
The one thing that seems to be missing is how much people are currently making mining.
Since that does not appear to be a hot topic, my question is about selecting a mining pool.
Is there a way to figure out which pool is going to make you the most money?
I understand that are certain parameters that are out of your control, but in general which pool is the best to join?
Are you better off with a smaller pool or a bigger one? When does the economics make sense to change pools?
I am guessing that there has to be a break even point (not sure what it would be called with mining) where you get too many people in a pool because when the pool pays out there is not enough for everyone. In other words, if we have a certain hash rate with 50 people in the pool, it will be a better payout with 500 people in the pool with the same hash rate.
Has anyone ran the numbers or tried to calculate what the "perfect pool" is?
Just curious what everyone thinks about this.
The one thing that seems to be missing is how much people are currently making mining.
Since that does not appear to be a hot topic, my question is about selecting a mining pool.
Is there a way to figure out which pool is going to make you the most money?
I understand that are certain parameters that are out of your control, but in general which pool is the best to join?
Are you better off with a smaller pool or a bigger one? When does the economics make sense to change pools?
I am guessing that there has to be a break even point (not sure what it would be called with mining) where you get too many people in a pool because when the pool pays out there is not enough for everyone. In other words, if we have a certain hash rate with 50 people in the pool, it will be a better payout with 500 people in the pool with the same hash rate.
Has anyone ran the numbers or tried to calculate what the "perfect pool" is?
Just curious what everyone thinks about this.
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