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Topic: Most profitable pool if I have 40-60 GH/s capacity? (Read 2874 times)

full member
Activity: 140
Merit: 100
I reccomend BTCGuild! The best for me !

Using BTCGuild too, so far have no problem with them..
One year without problem too Smiley
But recently, they were ddosed.
sr. member
Activity: 252
Merit: 250
I reccomend BTCGuild! The best for me !

Using BTCGuild too, so far have no problem with them..
One year without problem too Smiley
legendary
Activity: 1240
Merit: 1001
Thank God I'm an atheist
I reccomend BTCGuild! The best for me !

On the contrary, I reccomend you all not to use BTCGuild for the security of bitcoin network.

Have a look at how hashing power is distribuited: http://static.blockchain.info/pools.png?format=png
This makes possible a 51% attack just targeting the three biggest pools.

Someone can own BTC network attacking only three servers!

This is not how things was ment to be...

sr. member
Activity: 392
Merit: 250
I'm mining an alt coin called Tigercoin with my 60G.
http://204.10.105.89:15665/static/
I expect the price to go up soon.

Why not mine terra or ppcoin instead? They seems to have better profitability...
sr. member
Activity: 322
Merit: 250
I reccomend BTCGuild! The best for me !

Using BTCGuild too, so far have no problem with them..
legendary
Activity: 2128
Merit: 1002
I'm mining an alt coin called Tigercoin with my 60G.
http://204.10.105.89:15665/static/
I expect the price to go up soon.
sr. member
Activity: 252
Merit: 250
I reccomend BTCGuild! The best for me !
hero member
Activity: 504
Merit: 500
What is the point of these copycat currencies?  What new do they offer?   What need are they fulfilling?

PPC is maybe the best coin after Bitcoin.
Very innovative (proof of stake)

Here some info : http://www.ppcoin.org/static/ppcoin-paper.pdf

All others Alt-coins is just some Pump and Dump coins...
full member
Activity: 140
Merit: 100
With Asic Hardware, you can only mine SHA256 based coins.

Here the most popular  :

Bitcoin (BTC)
PPcoin (PPC)
Terracoin (TRC)
Freicoin (FRC)
Zetacoin (ZET)
OpenSourcecoin (OSC)
ASICcoin (ASC)
Butterflycoin (BFC)
Tigercoin (TGC)

All Scrypt based coins can't be mined by Asic.



Wow so many bitcoin ripoffs?  With so many imitators how do they have any value at all?
Those Alt-coins do not usually have huge values so it might be only less than 1% of a bitcoin value. And bitcoin value is rising so if you mine 0.01btc maybe a few years later it might be $10. So i recommend the best way is to mine bitcoins.
sr. member
Activity: 420
Merit: 250
I love https://www.multipool.us

Both Scrypt and SHA256 coins.

Always be mining the most profitable coin !

But SHA256 Alt isn't very profitable and the fee is quite hard.
member
Activity: 70
Merit: 10
With Asic Hardware, you can only mine SHA256 based coins.

Here the most popular  :

Bitcoin (BTC)
PPcoin (PPC)
Terracoin (TRC)
Freicoin (FRC)
Zetacoin (ZET)
OpenSourcecoin (OSC)
ASICcoin (ASC)
Butterflycoin (BFC)
Tigercoin (TGC)

All Scrypt based coins can't be mined by Asic.



Wow so many bitcoin ripoffs?  With so many imitators how do they have any value at all?

Why would you call them that. Bitcoin is the first who came out so people prefer that most.


What is the point of these copycat currencies?  What new do they offer?   What need are they fulfilling?
sr. member
Activity: 378
Merit: 250
and peoples must more rich as they prefer bitcoin because its going more high and high after shut down of silk road  Wink
sr. member
Activity: 366
Merit: 250
With Asic Hardware, you can only mine SHA256 based coins.

Here the most popular  :

Bitcoin (BTC)
PPcoin (PPC)
Terracoin (TRC)
Freicoin (FRC)
Zetacoin (ZET)
OpenSourcecoin (OSC)
ASICcoin (ASC)
Butterflycoin (BFC)
Tigercoin (TGC)

All Scrypt based coins can't be mined by Asic.



Wow so many bitcoin ripoffs?  With so many imitators how do they have any value at all?

Why would you call them that. Bitcoin is the first who came out so people prefer that most.
member
Activity: 70
Merit: 10
With Asic Hardware, you can only mine SHA256 based coins.

Here the most popular  :

Bitcoin (BTC)
PPcoin (PPC)
Terracoin (TRC)
Freicoin (FRC)
Zetacoin (ZET)
OpenSourcecoin (OSC)
ASICcoin (ASC)
Butterflycoin (BFC)
Tigercoin (TGC)

All Scrypt based coins can't be mined by Asic.



Wow so many bitcoin ripoffs?  With so many imitators how do they have any value at all?
hero member
Activity: 504
Merit: 500
With Asic Hardware, you can only mine SHA256 based coins.

Here the most popular  :

Bitcoin (BTC)
PPcoin (PPC)
Terracoin (TRC)
Freicoin (FRC)
Zetacoin (ZET)
OpenSourcecoin (OSC)
ASICcoin (ASC)
Butterflycoin (BFC)
Tigercoin (TGC)

All Scrypt based coins can't be mined by Asic.

member
Activity: 70
Merit: 10

You can't mine Scrypt coins with asic (but if you mine with GPU, you always mine the most profitable coins)

Can you do SHA256 or any other coin with ASIC?
hero member
Activity: 504
Merit: 500
Does it work with ASIC hardware?  If so which ones?

Of course.
I mine on multipool with ASIC hardware

Pick your poison (from home-page) :



Point your miner on  stratum+tcp://pool1.us.multipool.us:8888  or  stratum+tcp://pool1.eu.multipool.us:8888 for multi SHA256 coins.
Or you can point on single mining address.

You can't mine Scrypt coins with asic (but if you mine with GPU, you always mine the most profitable coins)
member
Activity: 70
Merit: 10
I love https://www.multipool.us

Both Scrypt and SHA256 coins.

Always be mining the most profitable coin !

Does it work with ASIC hardware?  If so which ones?
hero member
Activity: 504
Merit: 500
I love https://www.multipool.us

Both Scrypt and SHA256 coins.

Always be mining the most profitable coin !
newbie
Activity: 5
Merit: 0
Can you please summarise what can BTCguild do if they hit 51% hashing power?

If you are not able to follow the link I supplied or use a search engine of your choice with the words "51% attack" then I copy+paste for your laziness:

A 51% attack can occur when a single entity has more mining power than the rest of the network combined. This causes concern because it increases the likelihood of a double spend attack and affects the difficulty of the rest of the network. A double spend attack can occur when a transaction is accepted on one chain, and the attacker creates an alternate fork where they still maintain control of the coins. They could theoretically transfer to an exchange, convert to another currency, withdraw it, then create their own fork where they still maintain control of their original coins. They would have effectively doubled their holdings in a short period of time. An additional effect is the lingering network difficulty after an attack. With a several factor increase in speed comes a corresponding increase in computational power required to discover new blocks. If the attacker then leaves the network, as they did in the case of Feathercoin, this will significantly increase the block and transaction confirmation time until the difficulty can be adjusted downward.
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