Since every hash generated has an equal chance of finding a block, a mining pool just has a large number of people generate hashes. The rate at which they do so is somehow tracked, and when one of them finds a block, the reward is divided according to processing power contributed.
More:
https://bitcointalksearch.org/topic/4-eh-slush-pool-slushpoolcom-overt-asicboost-world-first-mining-pool-1976 (thread for a pool with instructions)
https://en.bitcoin.it/wiki/Pooled_Mining (wiki article about pooled mining in general)
Topic: getting started. (Read 1117 times)
well im no guru but i know my way around a system, my server is a 2.4x2 ghz processor with 1gig ram running Debian. all its doing right now is running a tor relay and severing up movies via samba so its either this or making rainbow tables lol, tell me more about mining pools.
oh and heres my addr 1Nzm9X75CefT6tMqSiJgc7MQBQ64sBXpR8 all donations are welcome
oh and heres my addr 1Nzm9X75CefT6tMqSiJgc7MQBQ64sBXpR8 all donations are welcome
There is the possibility of a mining pool.
Making about .20 BTC/day myself just off idle laptop and desktop time.
Making about .20 BTC/day myself just off idle laptop and desktop time.
I don't recommend trying to generate coins at this point unless you have a lot of money to spend on hardware and are fairly technically savvy. The current difficulty factor has placed generation out of reach of most people. However, if you post your address here, perhaps some kind soul will send you a few coins.
I have a laptop that i take to work and back which i run bitcoin on now to generate coins, i have a server at home that does nothing all day long so i would like to use it to generate coins as well, how can i set up bitcoind on my server and use the same address i have setup on my lappy and generate coins?
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