Most profitable pool if I have 40-60 GH/s capacity? - page 2.

manuel

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Activity: 70

Merit: 10

Quote from: waltermot321 on October 20, 2013, 12:25:38 PM

Quote from: madmartin on October 20, 2013, 12:18:52 PM

Quote from: frankenmint on October 18, 2013, 05:24:34 AM

I recommend something like btcguild which has the largest share of the pie...

I personally would not recommend to use the largest pool of all, because btcguild is quite close to 51% hashing power of the whole network. If someone reaches more than 51% hashing power of the network than he is able to split the network in two branches and the do several evil things. If interested read more here http://thegenesisblock.com/the-51-attack-what-bitcoin-can-learn-from-alt-coin-experiments/

I'm not saying btcguild would ever do that, I just want to point out that it is not necessary to give them the opportunity by adding my miners to their pool.

And: As everywhere else in real life you should not feed the rich....

Can you please summarise what can BTCguild do if they hit 51% hashing power?

They can seize control of the network.

Watch this: https://www.youtube.com/watch?v=Lx9zgZCMqXE

waltermot321

sr. member

Activity: 322

Merit: 250

Quote from: madmartin on October 20, 2013, 12:18:52 PM

Quote from: frankenmint on October 18, 2013, 05:24:34 AM

I recommend something like btcguild which has the largest share of the pie...

I personally would not recommend to use the largest pool of all, because btcguild is quite close to 51% hashing power of the whole network. If someone reaches more than 51% hashing power of the network than he is able to split the network in two branches and the do several evil things. If interested read more here http://thegenesisblock.com/the-51-attack-what-bitcoin-can-learn-from-alt-coin-experiments/

I'm not saying btcguild would ever do that, I just want to point out that it is not necessary to give them the opportunity by adding my miners to their pool.

And: As everywhere else in real life you should not feed the rich....

Can you please summarise what can BTCguild do if they hit 51% hashing power?

madmartin

newbie

Activity: 5

Merit: 0

Quote from: frankenmint on October 18, 2013, 05:24:34 AM

I recommend something like btcguild which has the largest share of the pie...

I personally would not recommend to use the largest pool of all, because btcguild is quite close to 51% hashing power of the whole network. If someone reaches more than 51% hashing power of the network than he is able to split the network in two branches and the do several evil things. If interested read more here http://thegenesisblock.com/the-51-attack-what-bitcoin-can-learn-from-alt-coin-experiments/

I'm not saying btcguild would ever do that, I just want to point out that it is not necessary to give them the opportunity by adding my miners to their pool.

And: As everywhere else in real life you should not feed the rich....

neordicICE

hero member

Activity: 505

Merit: 500

Quote from: manuel on October 20, 2013, 08:35:20 AM

Any opinion on these guys? https://deepbit.net/

It is very small pool. You will wait days for the pool finding a block, thus your payout

http://blockchain.info/pools?timespan=4days

shows only 1 block found in 4 days by Deepbit

manuel

member

Activity: 70

Merit: 10

Any opinion on these guys? https://deepbit.net/

Leehoya

full member

Activity: 140

Merit: 100

Quote from: manuel on October 20, 2013, 05:42:04 AM

Quote from: Leehoya on October 18, 2013, 07:16:50 AM

Quote from: waqas on October 18, 2013, 07:09:30 AM

I am interested in this mining and can I join this bitmint what is there requirment for this mean hardware and software please if someone can guide thanks for this

Anyone can join Bitminter instantly. Theres no requirement you can join with 1mh/s too. Go to bitminter.com, select log in and choose your preferred login method. Next create a user account and click the engine start and wait for it to download. Make sure you downloaded java. It will prompt you to run it. Tick the box and run it. If you do not see your ASIC miner, look up the url to download the drivers. Next, install driver. Once finish installing, you must click the play button near the asic and fill in your account details. Happy mining!
Edit: Drivers are needed if you have a ASIC miner.

Do you have to use bitminter's client to join bintminter's pool?

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard? Are there good pools without a fee?

Not needed, you can get a CGminer and start fiddling and point it to bitminter. 1% isnt very much, its quite a standard fee as the pool operator also have to pay for the ddos protection and web hosting.

Leehoya

full member

Activity: 140

Merit: 100

Quote from: manuel on October 20, 2013, 07:19:22 AM

What about this one? http://hhtt.1209k.com/

Its quite a good pool, go for it if you prefer but you would want to compare the pool's pros and cons before choosing a pool. https://en.bitcoin.it/wiki/Comparison_of_mining_pools Of all, Eligius stands out in the pros and have no fees. Well, if you can manage to setup all the complex stuff, go for it. If not, bitminter would too, be a good choice but with 1% fees which isnt very much.

manuel

member

Activity: 70

Merit: 10

What about this one? http://hhtt.1209k.com/

Leehoya

full member

Activity: 140

Merit: 100

Quote from: uininPeter on October 20, 2013, 05:53:17 AM

Quote from: manuel on October 20, 2013, 05:42:04 AM

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard? Are there good pools without a fee?

The 1% fee is true, all biggest pools have small fee afaik.

If you want, you may try some small pools without fee, but I dont know how stable and reliable these are

If you want a small pool with no fees, there are a certain amount of risk. For example, if the small pool only have a few TH, it can be very long before you even get a payout. Yes, there are a small amount of medium sized to large sized pools which have no fees. But i havent seen one with decent hashrates and no fees.

manuel

member

Activity: 70

Merit: 10

This one looks cool: http://hhtt.1209k.com/

Do I understand correctly that there is no signup procedure - I just use a bitcoin address and a password to connect and the first time I connect that automatically creates the account?

What difficulty would be recommended for 40-60 GH/s?

Do I understand correctly that half the fees go to the minor that kept the block and half are retained by the pool and not distributed?

Any pools that distribute both the coins and the fees to the minors and don't charge any fees?

panda1

full member

Activity: 187

Merit: 100

Quote from: manuel on October 20, 2013, 05:42:04 AM

Do you have to use bitminter's client to join bintminter's pool?

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard? Are there good pools without a fee?

No, you can use your choice of mining software and point it at bitminter's server. refer to the first post of the bitminter thread in the pool section:
https://bitcointalksearch.org/topic/1050-th-bitmintercom-1-pplnspays-txfees-mergedminingstratumgbtvardiff-27062

Yes there are good pools without a fee. look at the first post in the mining pools list thread:
https://bitcointalksearch.org/topic/btc-mining-pools-list-104664

uininPeter

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Activity: 141

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Quote from: manuel on October 20, 2013, 05:42:04 AM

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard? Are there good pools without a fee?

The 1% fee is true, all biggest pools have small fee afaik.

If you want, you may try some small pools without fee, but I dont know how stable and reliable these are

manuel

member

Activity: 70

Merit: 10

Quote from: Leehoya on October 18, 2013, 07:16:50 AM

Quote from: waqas on October 18, 2013, 07:09:30 AM

I am interested in this mining and can I join this bitmint what is there requirment for this mean hardware and software please if someone can guide thanks for this

Anyone can join Bitminter instantly. Theres no requirement you can join with 1mh/s too. Go to bitminter.com, select log in and choose your preferred login method. Next create a user account and click the engine start and wait for it to download. Make sure you downloaded java. It will prompt you to run it. Tick the box and run it. If you do not see your ASIC miner, look up the url to download the drivers. Next, install driver. Once finish installing, you must click the play button near the asic and fill in your account details. Happy mining!
Edit: Drivers are needed if you have a ASIC miner.

Do you have to use bitminter's client to join bintminter's pool?

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard? Are there good pools without a fee?

Wed

legendary

Activity: 1231

Merit: 1018

P2Pool could be a good Idea. In most cases you don't have fees, you'll get transaction fees and a instant payout, without reaching a level.
I have a p2pool running (http://62.141.41.25:9332/) or just check: http://p2pool-nodes.info/

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

You might be better off setting your rig for altcoins and selling them when they get pumped.

waqas

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Activity: 378

Merit: 250

Quote from: Leehoya on October 19, 2013, 04:16:24 AM

Quote from: fattypig on October 18, 2013, 08:14:45 AM

I also prefer big pool as so far they are having better DDoS protection. Small pool tends to go offline once in a while and its really annoying.

Not completely true, many pools are down in the recent ddos attack but small pools like bitminter didnt go down. Bitminter only have a small amount of hashrates. And the amount of time needed for the pool to find a block dont matter.
Faster block finding:Less amount per block
Slower block finding: More amount per block.

can you mention here some name of big and small pools I need to check these and interested in this just want to check is this working for me or no

Leehoya

full member

Activity: 140

Merit: 100

Quote from: fattypig on October 18, 2013, 08:14:45 AM

I also prefer big pool as so far they are having better DDoS protection. Small pool tends to go offline once in a while and its really annoying.

Not completely true, many pools are down in the recent ddos attack but small pools like bitminter didnt go down. Bitminter only have a small amount of hashrates. And the amount of time needed for the pool to find a block dont matter.
Faster block finding:Less amount per block
Slower block finding: More amount per block.

waqas

sr. member

Activity: 378

Merit: 250

Quote from: waqas on October 18, 2013, 07:20:50 AM

Quote from: Leehoya on October 18, 2013, 07:16:50 AM

Quote from: waqas on October 18, 2013, 07:09:30 AM

I am interested in this mining and can I join this bitmint what is there requirment for this mean hardware and software please if someone can guide thanks for this

Anyone can join Bitminter instantly. Theres no requirement you can join with 1mh/s too. Go to bitminter.com, select log in and choose your preferred login method. Next create a user account and click the engine start and wait for it to download. Make sure you downloaded java. It will prompt you to run it. Tick the box and run it. If you do not see your ASIC miner, look up the url to download the drivers. Next, install driver. Once finish installing, you must click the play button near the asic and fill in your account details. Happy mining!
Edit: Drivers are needed if you have a ASIC miner.

currently have nothing just this computer and its working on windows xp just because of this asking what is requirment for this now you describe some just give some more details how much Ram and Processor needed for this and any special hardware or any thing else thanks for these details

thanks now I will do some search that GPU is available in our area or no if I got this then talk to you on this forum and ask for more positive tips thanks again

fattypig

full member

Activity: 224

Merit: 100

Quote from: vulgartrendkill on October 18, 2013, 08:33:55 AM

Quote from: fattypig on October 18, 2013, 08:14:45 AM

I also prefer big pool as so far they are having better DDoS protection. Small pool tends to go offline once in a while and its really annoying.

Not strictly true. Some larger pools have had ddos attacks recently, and the smaller pools were missed out.

Ive used 5 or so different pools in my time mining, and I have to say that eclipsemc.com and hhtt.1209k.com are by far the best in terms of payouts.

Eclipse uses a scoring method called dgm(waay too complex for me to explain!!) and the charge 0 fees on that.

HHTT uses pplns- pay per last 'n' shares, and they charge a sliding scale of fees depending on which difficulty you choose to use. HHTT seems to, on average, pay out slightly more than all the others I have used.

BTW, you will find most pools charge a fee of some sort.

Thanks for the tips, will do some research on it.

vulgartrendkill

hero member

Activity: 518

Merit: 500

Quote from: fattypig on October 18, 2013, 08:14:45 AM

I also prefer big pool as so far they are having better DDoS protection. Small pool tends to go offline once in a while and its really annoying.

Not strictly true. Some larger pools have had ddos attacks recently, and the smaller pools were missed out.

Ive used 5 or so different pools in my time mining, and I have to say that eclipsemc.com and hhtt.1209k.com are by far the best in terms of payouts.

Eclipse uses a scoring method called dgm(waay too complex for me to explain!!) and the charge 0 fees on that.

HHTT uses pplns- pay per last 'n' shares, and they charge a sliding scale of fees depending on which difficulty you choose to use. HHTT seems to, on average, pay out slightly more than all the others I have used.

BTW, you will find most pools charge a fee of some sort.

Topic: Most profitable pool if I have 40-60 GH/s capacity? - page 2. (Read 2874 times)