Topic: Help me pick a pool - page 6. (Read 5418 times)
I think i should start by figuring out which method i should mine with. DGM, PPLNS, PPS, proportional. Any suggestions?
OK will try that. If anybody has some time to explain in simple terms for a nub that would be appreciated.
Also, does the size of the pool effect anything of just the features it offers?
Also, does the size of the pool effect anything of just the features it offers?
Size of the pool only matters if the pool is very small. Medium sized to large pools will get you about the same payout over periods of time.
Sam
OK will try that. If anybody has some time to explain in simple terms for a nub that would be appreciated.
Also, does the size of the pool effect anything of just the features it offers?
Also, does the size of the pool effect anything of just the features it offers?
LOL thanks for suggestion. Hopefully i can get a few more opinions and maybe a quick education.
Just search the forums for those terms and you will get allot of information. There are threads dedicated to the payout systems if you want the technical info behind them.
Sam
Thanks for the recommendation. I also appreciate a brief explanation for your recommendation. Never even heard of namecoin yet. Will google it.
BitMinter.
It is big enough so you get paid regularly but not the largest so you don’t compromise the security by potentially allowing a pool to get to 51% of the network in the future. The Java client is really neat but you are not required to use it if you don’t like. PPLNS so you have the best pay. Small fee. Joined namecoin mining so you get namecoins for free.
It is big enough so you get paid regularly but not the largest so you don’t compromise the security by potentially allowing a pool to get to 51% of the network in the future. The Java client is really neat but you are not required to use it if you don’t like. PPLNS so you have the best pay. Small fee. Joined namecoin mining so you get namecoins for free.
LOL thanks for suggestion. Hopefully i can get a few more opinions and maybe a quick education.
I was looking at that post. I read the method description but i dont really understand it. I did not see a description for pay orphans, pay TX reward, variable difficulty, stratum, etc. Would like to understand the details at least a little bit.
Why ozcoin?
Why ozcoin?
You asked for help picking so I gave you a pick.
Ozcoin does all of the things you don't yet understand. They are all good things for the miner.
Sam
I was looking at that post. I read the method description but i dont really understand it. I did not see a description for pay orphans, pay TX reward, variable difficulty, stratum, etc. Would like to understand the details at least a little bit.
Why ozcoin?
Why ozcoin?
Ozcoin.
You need more than one pool. Just make sure the ones you choose have stratum and variable difficulty and you should be good to go. Setup failover pools and a Bitcoin-Qt as your last pool.
https://bitcointalksearch.org/topic/m.1146108
The link is to the mining pool list which is at the top of the pool forum.
Sam
You need more than one pool. Just make sure the ones you choose have stratum and variable difficulty and you should be good to go. Setup failover pools and a Bitcoin-Qt as your last pool.
https://bitcointalksearch.org/topic/m.1146108
The link is to the mining pool list which is at the top of the pool forum.
Sam
I started with BTCguild cause they are the biggest. I figured if the majority are mining with BTCguild there must be a good reason. But now i have a few avalons and a few more on the way. So im trying to figure out the best pool based on technical stuff vs who is the biggest. I started looking at the sticky and realized there are alot of pools with many different features and fee structures. I understand the fee part but not the details such as pay TX reward, pay orphans, variable difficulty, local work, merged mining, DGM, PPLNS, PPS, proportional. Im guessing these details mean more than the fee cause if they didnt everybody would be mining with the pools that offer 0% fee. So im hoping somebody here who understands the details can teach me something so i can make an educated decision where i want to mine. Thanks for the information.
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