Well that totally true. Which is why I would say at this point setting up anything other than a P2Pool node would be folly. I left the mainstream mining realm years ago for p2pool and haven't looked back. It's not for everyone, but if your looking for a place to set up shop p2pool would be much more practical option, at least to get your feet wet.
And don't forget: we all started off not knowing anything and most didn't have a resource like bitcointalk to learn from. The answers are scattered throughout the forums, OP. I'm trying to consolidate as much of the P2Pool data as I can onto my site, if you decide to go that route.
Topic: How do you make a pool? (Read 3520 times)
Successful pools distribute the bitcoin generated by millions of dollars worth of hardware generating hundreds of thousands of dollars each day.
Do you really think miners are willing to trust that amount of money to someone who doesn't even know how to set one up?
Do you really think miners are willing to trust that amount of money to someone who doesn't even know how to set one up?
There are probably dozens of us that run our own pools privately too, ya know. And a lot of peer with the likes of Coincadence or others, but you would never know we were there if it weren't for the pool directory sites which list us.
There is a great many people who are most concerned about geographic proximity to the pool node over any supposed credibility one may have. Not everyone uses bitcointalk or even know who gmaxwell or ckolvinas or forrestv even are, they are just here to mine, not partake in the community (unless they require assistance).
I've setup pools using coinium and MPOS servers as an exercise to see how it's done and mined on test net. At this point in the game, as Con pointed out, who's going to trust you to manage that much coin if you don't even know how to setup the pool yourself? It would be like going into the bank and having the banker ask you how the bank works.
Successful pools distribute the bitcoin generated by millions of dollars worth of hardware generating hundreds of thousands of dollars each day.
Do you really think miners are willing to trust that amount of money to someone who doesn't even know how to set one up?
Do you really think miners are willing to trust that amount of money to someone who doesn't even know how to set one up?
There are probably dozens of us that run our own pools privately too, ya know. And a lot of peer with the likes of Coincadence or others, but you would never know we were there if it weren't for the pool directory sites which list us.
There is a great many people who are most concerned about geographic proximity to the pool node over any supposed credibility one may have. Not everyone uses bitcointalk or even know who gmaxwell or ckolvinas or forrestv even are, they are just here to mine, not partake in the community (unless they require assistance).
It is soo easy.......
https://bitcointalksearch.org/topic/m.7284815
You see dude, even for a team of "qualified awesome community" people it is taking ages to start one.
And here is the final and unbelievable result which consists of boys and bugs:
http://wpc1.sicanet.net/
+10000 for Con opinion though
Now seriously:
A good starting point is:
https://bitbucket.org/ckolivas/ckpool/src
And finally to start a pool from scratch these days you are going to need a lot of hashing power because a variance will kill you before you build your trust. Or you have to have a lot of trust credit in advance so people can join you just from the start
From the other hand here is an example for recently started pools by people well known with their skills and actions
http://kano.is/
http://solo.ckpool.org/
https://bitcointalksearch.org/topic/m.7284815
You see dude, even for a team of "qualified awesome community" people it is taking ages to start one.
And here is the final and unbelievable result which consists of boys and bugs:
http://wpc1.sicanet.net/
+10000 for Con opinion though
Now seriously:
A good starting point is:
https://bitbucket.org/ckolivas/ckpool/src
And finally to start a pool from scratch these days you are going to need a lot of hashing power because a variance will kill you before you build your trust. Or you have to have a lot of trust credit in advance so people can join you just from the start
From the other hand here is an example for recently started pools by people well known with their skills and actions
http://kano.is/
http://solo.ckpool.org/
Successful pools distribute the bitcoin generated by millions of dollars worth of hardware generating hundreds of thousands of dollars each day.
Do you really think miners are willing to trust that amount of money to someone who doesn't even know how to set one up?
Do you really think miners are willing to trust that amount of money to someone who doesn't even know how to set one up?
Whoa, does not look like a simple thing to do.
To go to that kind of trouble... I hope it is worth it.
To go to that kind of trouble... I hope it is worth it.
Actually it is incredibly simple when you consider all you have to do is ssh into the box and copy and paste everything I posted. Can't get much easier than that!
Whoa, does not look like a simple thing to do.
To go to that kind of trouble... I hope it is worth it.
To go to that kind of trouble... I hope it is worth it.
I literally just wrote this up this morning, it is the first part of a several part series that will cover every single aspect of setting up a pool. I will also be including how to set up the Relay, Stratum, p2pool and other best practice scenarios.
Btcnola.com/miners
Enjoy
Btcnola.com/miners
Enjoy
What he said. But to get an idea, check out this thread.
it is advised that if you don't have enough knowledge and experience in running a mining pool then you should stay way from this to save your money and time but if you want to know this for knowledge purpose then you can search in google and here , you will find nice tutorials about this
Fill a big hole with water?
Haha.. creating your own pool will.require a lot of cash.Insted of creating one, join one.
Good luck.
Fill a big hole with water?
Install pool software on a server, connect it to internet, advertise, lose all your free time.
This seems to be a question that doesn't have a very definitive answer.
I was wondering if the awesome community some methods of making or starting a pool.
I have a rough idea of how you'd make a localized pool for yourself and your own miners ( if you had a large amount of hashing power ).
But how exactly would it work for the public?
Thanks
I was wondering if the awesome community some methods of making or starting a pool.
I have a rough idea of how you'd make a localized pool for yourself and your own miners ( if you had a large amount of hashing power ).
But how exactly would it work for the public?
Thanks
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