how do you choose your pool? | Bitcointalksearch.org

os2sam

legendary

Activity: 3583

Merit: 1094

Think for yourself

Quote from: qiuness on April 19, 2013, 10:53:42 AM

I was wondering what the main things to consider are when mining in a pool.

Is there any site that tells you the payout / share maybe so you can choose the most profitable?

I currently mine Litecoin. I started on notroll but they leave you coinless and has many issues. Today i switched to give-me-ltc but i would still love to know how you choose

The only thing that comes to mind is: if you mine a small pool, the payout is bigger but rare, and if you mine in the biggest pool, it is constant and smaller.
right?

Here is a great resource for Bitcoin pools

https://bitcointalksearch.org/topic/m.1146108

I don't know squat about altcoins.

I would encourage using pools that have fair fee and payout system combinations that will prevent them from taking the risk of going bankrupt.
Sam

crazyates

legendary

Activity: 952

Merit: 1000

I choose pools that are run by and operated by people that are well known, and trusted by the community. Ozcoin is run by an absolutely upstanding team, specifically Graet, so I mine there. There's also a reason why BTCGuild is as popular as they are, and it's in no small part due to Eleuthria. Slush's Pool (run by Slush) is also a good choice.

I'm not saying any other pool (and pool admins) are bad, but those are the 3 that stand out in my mind.

crazyates

legendary

Activity: 952

Merit: 1000

Quote from: qiuness on April 25, 2013, 06:40:07 PM

ok, but small pools does not equal smaller income?

Nope, pool hashrate should be isolated from miner income.

qiuness

hero member

Activity: 714

Merit: 500

ok, but small pools does not equal smaller income?

Bitsaurus

hero member

Activity: 873

Merit: 1007

Quote from: qiuness on April 19, 2013, 11:03:35 AM

what do you mean by low network share?

can you explain why you do that?

he means he picks smaller pools so the power is not as concentrated.

smaller pools are also less likely to be hit by DDoS attacks.

qiuness

hero member

Activity: 714

Merit: 500

what do you mean by low network share?

can you explain why you do that?

grue

legendary

Activity: 2058

Merit: 1452

low fees
low network share

qiuness

hero member

Activity: 714

Merit: 500

I was wondering what the main things to consider are when mining in a pool.

Is there any site that tells you the payout / share maybe so you can choose the most profitable?

I currently mine Litecoin. I started on notroll but they leave you coinless and has many issues. Today i switched to give-me-ltc but i would still love to know how you choose

The only thing that comes to mind is: if you mine a small pool, the payout is bigger but rare, and if you mine in the biggest pool, it is constant and smaller.
right?

Topic: how do you choose your pool? (Read 712 times)