Topic: How to solo mine, with multiple workers, and also switch cryptocurrencies? (Read 1841 times)
August 29, 2013, 09:56:13 AM
Yeah, I saw that, but it's looking like it's taking a while to implement--Cryptsy has an auto-sell feature right now though that works, but I'd like to see selling without having to wait for confirmations. I'm sticking with Multipool for the time being though.
August 16, 2013, 12:47:51 PM
Why not stick with Multipool, their automatic BTC cashout will be coming soon.
August 15, 2013, 12:14:34 PM
This is a bit of a generic question not exactly just for BTCs (actually, my setup will probably just involve altcoins at first), but I think it could be useful to get a guide set up as more people are in my boat, and I'd like to document my setup for other people. Potentially, it could be possible to start up a pool for variance-tolerant altcoin profitability miners, where individual miners would receive entire block rewards (minus a very small fee, since there is no variance risk to operator), and have block rewards sent directly to a trading account. Basically, I want to be able to set up Multipool.us, for my own pool of miners. This could lead to a low-cost pool that just hosts all the blockchains for the various cryptocurrencies, and currency-hops for profitability.
The boat I'm in:
~1500Kh/sec Scrypt, ~1.6Gh/sec SHA-256 (powered by 7850s), looking to expand once I get things started
Hashing power is in location B (nice, secure, air-conditioned), but I'd like a control machine in location A, and I'd like to combine my media server with this crypto-mining server.
Problem with Multipool: takes too long to accumulate coins to exchange to BTC. Want to reduce BTC/Altcoin exchange rate variance
Problem with Middlecoin: very low efficiency with my 7850s
I'm looking to do the following:
Have workers in Loc B connect to a control machine in Loc A
Control machine will be directing solo mining, and doing profitability hopping between different altcoins. (I don't mind the mining variance).
Thoughts on setup:
1. Set up altcoin-qt on server machine for all the altcoins
2. Allow incoming connections from workers
3. Blockchains are downloaded, workers are connected
4. Set up workers in cgminer with a list of "pools" (i.e. the different ports) from the control machine, in --load-balance
5. Set up control machine to shut off ports to non-profitable coins, forcing workers to mine the most profitable coin
6. As an alternative to 4&5, set up control machine to automatically mine the most profitable coin, a la Multipool.us
Any ideas on how to start this process?
The boat I'm in:
~1500Kh/sec Scrypt, ~1.6Gh/sec SHA-256 (powered by 7850s), looking to expand once I get things started
Hashing power is in location B (nice, secure, air-conditioned), but I'd like a control machine in location A, and I'd like to combine my media server with this crypto-mining server.
Problem with Multipool: takes too long to accumulate coins to exchange to BTC. Want to reduce BTC/Altcoin exchange rate variance
Problem with Middlecoin: very low efficiency with my 7850s
I'm looking to do the following:
Have workers in Loc B connect to a control machine in Loc A
Control machine will be directing solo mining, and doing profitability hopping between different altcoins. (I don't mind the mining variance).
Thoughts on setup:
1. Set up altcoin-qt on server machine for all the altcoins
2. Allow incoming connections from workers
3. Blockchains are downloaded, workers are connected
4. Set up workers in cgminer with a list of "pools" (i.e. the different ports) from the control machine, in --load-balance
5. Set up control machine to shut off ports to non-profitable coins, forcing workers to mine the most profitable coin
6. As an alternative to 4&5, set up control machine to automatically mine the most profitable coin, a la Multipool.us
Any ideas on how to start this process?
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