Is it profitable to run a web based mining pool ?

swiftxi

jr. member

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Quote from: adaseb on September 03, 2021, 11:55:58 PM

No that is even a worse idea. Why?

Because for one there are hardly any CPU mineable coins out there. There is Monero however you only really make decent profit with it if you got an Ryzen processor. Most retail regular computer users only have laptops OR i3 processors not top of the line CPUs.

And even if you actually got somebody to mine, it would not be efficient mining thru a web-browser due to the limitations of the browser. It would be hashing at maybe 25% the speed. There would be no profit what-so-ever for anybody.

Perhaps , thats why I ask in forums.

adaseb

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No that is even a worse idea. Why?

Because for one there are hardly any CPU mineable coins out there. There is Monero however you only really make decent profit with it if you got an Ryzen processor. Most retail regular computer users only have laptops OR i3 processors not top of the line CPUs.

And even if you actually got somebody to mine, it would not be efficient mining thru a web-browser due to the limitations of the browser. It would be hashing at maybe 25% the speed. There would be no profit what-so-ever for anybody.

swiftxi

jr. member

Activity: 140

Merit: 4

Quote from: adaseb on September 01, 2021, 11:11:19 PM

These days it would be VERY difficult for a new pool to succeed. Most pools are very competitive and charge low rates of 0.50-1% or so. Even if your pool was 0.25% in fees your issue is you will need decent hashrate or nobody will use your pool.

If your pool has no miners then the chances of finding a block are almost impossible. So miners won't join unless there are other miners out there. The way how pools grew is when the coin was new, and there were little or no pool and miners had no choice but to join.Then the pool grew and got more and more popular.

But starting a mining pool from scratch with a fairly high hashrate coin.... forget about it.

Im aware of all this, and this is seriously ment to be a web browser based mining thread. So users would get on the site and get 2 buttons , start stop + a field for minimum payout.
No rigs, no Terahashing etc.

adaseb

legendary

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These days it would be VERY difficult for a new pool to succeed. Most pools are very competitive and charge low rates of 0.50-1% or so. Even if your pool was 0.25% in fees your issue is you will need decent hashrate or nobody will use your pool.

If your pool has no miners then the chances of finding a block are almost impossible. So miners won't join unless there are other miners out there. The way how pools grew is when the coin was new, and there were little or no pool and miners had no choice but to join.Then the pool grew and got more and more popular.

But starting a mining pool from scratch with a fairly high hashrate coin.... forget about it.

swiftxi

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Activity: 140

Merit: 4

Quote from: swogerino on August 31, 2021, 02:19:09 PM

Quote from: swiftxi on August 31, 2021, 11:25:08 AM

Quote from: swogerino on August 31, 2021, 11:17:54 AM

That is what large pools do,they get a lot of people together and get like 1-2% fee from the devices ASICS/GPU-S/CPU-S of everyone and guess what,that is a huge amount of money they win by running this service.In order for you to be successful you have to have a really big starting capital in order to maintain the pool and setup everything correctly,beside this you need a lot of promotion to your new pool,like for example an announcement thread here in the Pools section of the forum.To me it sounds like a gigantic step for a single person but if you want to build it,I wish you the best.

Well, thank you but honestly I wasn't thinking gigantic from the start.Social media's probably won't allow any sort of advertising of crypto still, so only forums and chat groups.

If you weren't thinking big then it is best for you that the investment you were willing to made to make this pool available,to invest in GPU mining as this way you would get quite a decent amount of money monthly.Lots of options available to make money in the crypto world,it is just the user who should make a decision.

Possibly.There's no reason I cant do both.That btc casino of yours seems interesting, maybe ill try.

swogerino

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Bitcoin Casino Est. 2013

Quote from: swiftxi on August 31, 2021, 11:25:08 AM

Quote from: swogerino on August 31, 2021, 11:17:54 AM

That is what large pools do,they get a lot of people together and get like 1-2% fee from the devices ASICS/GPU-S/CPU-S of everyone and guess what,that is a huge amount of money they win by running this service.In order for you to be successful you have to have a really big starting capital in order to maintain the pool and setup everything correctly,beside this you need a lot of promotion to your new pool,like for example an announcement thread here in the Pools section of the forum.To me it sounds like a gigantic step for a single person but if you want to build it,I wish you the best.

Well, thank you but honestly I wasn't thinking gigantic from the start.Social media's probably won't allow any sort of advertising of crypto still, so only forums and chat groups.

If you weren't thinking big then it is best for you that the investment you were willing to made to make this pool available,to invest in GPU mining as this way you would get quite a decent amount of money monthly.Lots of options available to make money in the crypto world,it is just the user who should make a decision.

swiftxi

jr. member

Activity: 140

Merit: 4

Quote from: swogerino on August 31, 2021, 11:17:54 AM

That is what large pools do,they get a lot of people together and get like 1-2% fee from the devices ASICS/GPU-S/CPU-S of everyone and guess what,that is a huge amount of money they win by running this service.In order for you to be successful you have to have a really big starting capital in order to maintain the pool and setup everything correctly,beside this you need a lot of promotion to your new pool,like for example an announcement thread here in the Pools section of the forum.To me it sounds like a gigantic step for a single person but if you want to build it,I wish you the best.

Well, thank you but honestly I wasn't thinking gigantic from the start.Social media's probably won't allow any sort of advertising of crypto still, so only forums and chat groups.

swogerino

legendary

Activity: 3318

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Bitcoin Casino Est. 2013

That is what large pools do,they get a lot of people together and get like 1-2% fee from the devices ASICS/GPU-S/CPU-S of everyone and guess what,that is a huge amount of money they win by running this service.In order for you to be successful you have to have a really big starting capital in order to maintain the pool and setup everything correctly,beside this you need a lot of promotion to your new pool,like for example an announcement thread here in the Pools section of the forum.To me it sounds like a gigantic step for a single person but if you want to build it,I wish you the best.

swiftxi

jr. member

Activity: 140

Merit: 4

True , there are options.I just typed random 20%.
Obviously GPU/CPU dependant.Hopefully i can get 100+ people online on it.
Hell if i can get 500 people online, taking 2% is ok.

anu1908

sr. member

Activity: 770

Merit: 268

taking 20% of their earning is quite aggressive, i don't think anyone would accept that and run their own mining rig instead. afterall they can just buy a bunch of cpus on their own instead of using your website. and what do you mine it won't mine on cpu power alone? obviously if you use a single cpu it won't give you decent profit. just like using a single gpu to mine eth is like burning your own money.

swiftxi

jr. member

Activity: 140

Merit: 4

I was thinking about launching a website on which users can just start mining Monero , witouth login or anything complicated.
Just using CPU power.. Soo say i take 20% of all crypto earnings , can this be profitable?
I think the main problem here is that CPU power alone wont mine Monero that well.It depends on popularity and power.

Topic: Is it profitable to run a web based mining pool ? (Read 151 times)