Topic: Help me pick a mining pool - page 2. (Read 1034 times)
A point to consider would be to chose a mining pool that is not too large.
One essential idea is that bitcoin mining is decentralised so that nobody
has the power to compromize the blockchain. This was the reasoning for
me to chose a 'small' mining pool.
Try Slush.
If you have any concerns or doubts, you may also try Slush
If you have any concerns or doubts, you may also try Slush
I am very happy with BitMinter, with the exception that hash rates seem to fluctuate a little bit, and they (as everyone else) have experienced some short DDOS attacks, but downtime seems to be minutes, not hours or days.
I'm currently on a PPLNS pool, which basically means I get paid a percentage of each block based on how many shares I contribute over a 24h period. This works well for me, because all my mining machines are in constant operation 24/7.
If you're not mining all the time, then for you it might be better to be on a PPS pool where you are paid per share. Good ones to try are 50BTC, Deepbit and BTC Guild. At the current difficulty, with 500mhps you might get $130 a month if you mine continuously. Less if you take breaks for gaming etc. I guess you have to weigh that up against how much you pay for power.
I think 50BTC have one of the best rates for PPS at the moment.
Hope that helps
If you're not mining all the time, then for you it might be better to be on a PPS pool where you are paid per share. Good ones to try are 50BTC, Deepbit and BTC Guild. At the current difficulty, with 500mhps you might get $130 a month if you mine continuously. Less if you take breaks for gaming etc. I guess you have to weigh that up against how much you pay for power.
I think 50BTC have one of the best rates for PPS at the moment.
Hope that helps
I realize that it is basically impossible to accurately predict how much you'll actually be able to mine. However, is there at least any statistic gathering anywhere that will give me an idea if I'll get better results from another pool?
I guess that's why it's called "luck".It depends what you are looking for? My choice was for pools that pay tx fees and do merged mining. Others have a protocol they prefer, want a pool near to them or are looking for an API. Some info here:
https://en.bitcoin.it/wiki/Comparison_of_mining_pools
I started mining bitcoins for the first time back in January, and based on my research I had made the determination that eligius would be my best choice. Right now my mining works like this: A radeon 5750 and a 7850, both overclocked, on two separate machines, with a combined hash rate of roughly 550Mh/s. I didn't buy these cards for mining, rather they are cards for gaming that I already had, so I figured I would experiment with mining, and so far I like the results. However lately I keep running into this:
https://i.imgur.com/SqxRI0V.png
Naturally, I'm not getting anywhere if my client can't actually participate in the mining process. I did research on p2pool and I heard something about variance being no good. My statistics page here doesn't seem to indicate that I am doing that well on eligius though:
http://eligius.st/~wizkid057/newstats/userstats.php/1MxuKm4jdpGqpUSJRE45gbanGsePEkRJnq
Many of the dips are from suspending the mining while I play games, but I haven't played any games at all in the last two weeks. My network works fine (I am a network engineer btw) as I do regular SLA testing (hobby of mine) and there are no ISP connectivity issues indicated by that, nor do I notice any downtime from any other sites.
I realize that it is basically impossible to accurately predict how much you'll actually be able to mine. However, is there at least any statistic gathering anywhere that will give me an idea if I'll get better results from another pool?
https://i.imgur.com/SqxRI0V.png
Naturally, I'm not getting anywhere if my client can't actually participate in the mining process. I did research on p2pool and I heard something about variance being no good. My statistics page here doesn't seem to indicate that I am doing that well on eligius though:
http://eligius.st/~wizkid057/newstats/userstats.php/1MxuKm4jdpGqpUSJRE45gbanGsePEkRJnq
Many of the dips are from suspending the mining while I play games, but I haven't played any games at all in the last two weeks. My network works fine (I am a network engineer btw) as I do regular SLA testing (hobby of mine) and there are no ISP connectivity issues indicated by that, nor do I notice any downtime from any other sites.
I realize that it is basically impossible to accurately predict how much you'll actually be able to mine. However, is there at least any statistic gathering anywhere that will give me an idea if I'll get better results from another pool?
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