Never again. Fuck 'em all!
Topic: Need help with getting a pool for a renting a mining rig.... (Read 1136 times)
I'm soooo glad I put so much time into my post for that noob!
Never again. Fuck 'em all!
Never again. Fuck 'em all!
Let's start make this simple since you don't seem to have a grasp of even the most basic principles.
A public pool is a collection of individuals who "pool" their mining equipment and mine BTC together. They share the rewards once a BTC block is solved by the pool. The rewards are in proportion to your hashrate... members of the pool with higher hashrate receive a larger share of the rewards. The reason people mine in a pool is because it reduces risk. It is incredibly difficult to solo mine a block unless you have a massive mining farm.
Here is a chart which show the hashrate distribution of public and private pools... https://blockchain.info/pools
You'll probably want to join a larger pool especially if your rental contract is for a short time. That is not a popular choice amongst home miners. They would rather you chose to mine on a smaller pool to support decentralization. But mining on a small pool can be risky since you may mine for days and not find a block and your investment will have gone to waste. A solid mid-sized pool might be your best choice.
Below is a list of pools that I've used...
Large pools (Chinese)
- F2pool/Discus fish https://www.f2pool.com
- Antpool https://www.antpool.com/home.htm
Medium pools
- Eligius http://eligius.st/~gateway/
- Slush's Pool https://mining.bitcoin.cz/home/
Small pools
- Kano CKPool https://www.kano.is
- Bitminter https://bitminter.com
There are other pools that I have not tried like BW.com. And there are private pools that are not open to the general public like Bitfury and KNCminer.
Once you join a pool, you'll need to find the URL to enter into your miner settings. This will be unique to each pool. It will look like this...
stratum.kano.is:3333
stratum.antpool.com:3333
Next you will need to register a unique username and workername with the pool. Sometimes the workername will be automatically detected by the pool so you don't need to choose one in that case. It will look like this...
username_workername
or
username.workername (Some pools will accept both "_" ".", other pools might require one or the other.)
Obviously "username" and "workername" are just generic names. Change them.
Next is password which can usually be anything and is not important for security reasons. Most people just enter something like xxx or 123.
Finally you will need to register a BTC address with the pool to send your earnings to. So you will need a BTC wallet... which is a completely separate topic. It's not as easy as you think especially if this is your first time, lol. Some pools (like Eligius) use your BTC address as your username. But quickly... NEVER send your earning directly to an online wallet. Use a secure wallet on your computer. And be sure to BACKUP that wallet and NEVER forget your password. If you lose your wallet without a backup (hard drive crash) or forget your password, your BTCs are gone forever!
The main reason why you rental company is asking for 3 pools is for "failover". The first pool is your main pool. If that pool goes down for maintenance or is a victim of a dos attack, your backup pool will continue to mine.
Hope this helps!
A public pool is a collection of individuals who "pool" their mining equipment and mine BTC together. They share the rewards once a BTC block is solved by the pool. The rewards are in proportion to your hashrate... members of the pool with higher hashrate receive a larger share of the rewards. The reason people mine in a pool is because it reduces risk. It is incredibly difficult to solo mine a block unless you have a massive mining farm.
Here is a chart which show the hashrate distribution of public and private pools... https://blockchain.info/pools
You'll probably want to join a larger pool especially if your rental contract is for a short time. That is not a popular choice amongst home miners. They would rather you chose to mine on a smaller pool to support decentralization. But mining on a small pool can be risky since you may mine for days and not find a block and your investment will have gone to waste. A solid mid-sized pool might be your best choice.
Below is a list of pools that I've used...
Large pools (Chinese)
- F2pool/Discus fish https://www.f2pool.com
- Antpool https://www.antpool.com/home.htm
Medium pools
- Eligius http://eligius.st/~gateway/
- Slush's Pool https://mining.bitcoin.cz/home/
Small pools
- Kano CKPool https://www.kano.is
- Bitminter https://bitminter.com
There are other pools that I have not tried like BW.com. And there are private pools that are not open to the general public like Bitfury and KNCminer.
Once you join a pool, you'll need to find the URL to enter into your miner settings. This will be unique to each pool. It will look like this...
stratum.kano.is:3333
stratum.antpool.com:3333
Next you will need to register a unique username and workername with the pool. Sometimes the workername will be automatically detected by the pool so you don't need to choose one in that case. It will look like this...
username_workername
or
username.workername (Some pools will accept both "_" ".", other pools might require one or the other.)
Obviously "username" and "workername" are just generic names. Change them.
Next is password which can usually be anything and is not important for security reasons. Most people just enter something like xxx or 123.
Finally you will need to register a BTC address with the pool to send your earnings to. So you will need a BTC wallet... which is a completely separate topic. It's not as easy as you think especially if this is your first time, lol. Some pools (like Eligius) use your BTC address as your username. But quickly... NEVER send your earning directly to an online wallet. Use a secure wallet on your computer. And be sure to BACKUP that wallet and NEVER forget your password. If you lose your wallet without a backup (hard drive crash) or forget your password, your BTCs are gone forever!
The main reason why you rental company is asking for 3 pools is for "failover". The first pool is your main pool. If that pool goes down for maintenance or is a victim of a dos attack, your backup pool will continue to mine.
Hope this helps!
I am new to mining and found a mining rig rental site. But I must insert 2 or 3 pools. The pool sites and the rental rig site do a horrible job at explaining what a pool is and how to get one. Can someone help me?
Do I have to have my own pool address or can I just copy the one they have in their tutorial?
Do I have to have my own pool address or can I just copy the one they have in their tutorial?
I hope you're not planning to actually make any money on this...doing your research before wasting money is generally the proper order to do things in. You'll find no shortage of people ready and willing to take your money for services which will not produce as much as what you paid them.
...
Try the thread that lists the pools:https://bitcointalksearch.org/topic/btc-mining-pools-list-104664
or block trail
https://www.blocktrail.com/BTC
whomined.com is missing pools.
What you want to mine?
Which hardware you rented out?
If you rented SHA256 hardware then open up whomined.com and choose your pool from there.
There you will see pools and their hashrate distribution.
Please look at other threads here so you can choose your pool wisely.
Which hardware you rented out?
If you rented SHA256 hardware then open up whomined.com and choose your pool from there.
There you will see pools and their hashrate distribution.
Please look at other threads here so you can choose your pool wisely.
This is so frustrating. Can't find any info through Google and apparently no one in this forum knows how to get a pool. How is this so hard? I don't understand why the mining rental site doesn't have instructions on how to get a pool and a pool address. 
I am new to mining and found a mining rig rental site. But I must insert 2 or 3 pools. The pool sites and the rental rig site do a horrible job at explaining what a pool is and how to get one. Can someone help me?
Do I have to have my own pool address or can I just copy the one they have in their tutorial?
Do I have to have my own pool address or can I just copy the one they have in their tutorial?
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