Pages:
Author

Topic: Video Guide: How to make your own bitcoin mining pool (Read 45549 times)

legendary
Activity: 3248
Merit: 1070
perhaps there is any guide that work not only under linux but for windows too? i'm trying to set my own pool for winodws but it's seems like there is no example on the net, is this even possible?
newbie
Activity: 57
Merit: 0
where can i find step by step guide for bitcoin pool
hero member
Activity: 826
Merit: 1000
this guides are not working any more do you have any latest guide to make mining pool i an trying to make litecoin pool

Try to set up your litecoin pool with this guide: http://blockgen.net/setup-your-own-mining-pool/

Sir i try to use that guide but don't work and that is quite old enough and don't have updated command as the MPOS file location also changes..also get this error but not reply till now i get in the blog also

legendary
Activity: 2030
Merit: 1076
A humble Siberian miner
this guides are not working any more do you have any latest guide to make mining pool i an trying to make litecoin pool

Try to set up your litecoin pool with this guide: http://blockgen.net/setup-your-own-mining-pool/
hero member
Activity: 826
Merit: 1000
this guides are not working any more do you have any latest guide to make mining pool i an trying to make litecoin pool
full member
Activity: 192
Merit: 100
greate work man
so helpfull
reagrds for this
sr. member
Activity: 343
Merit: 250
The tutorial is great what  howesome
sr. member
Activity: 292
Merit: 252
I miss when crypto was about decentralisation.
Pretty interesting.

Who here has actually made their own pool and is using it now?
hero member
Activity: 532
Merit: 500
Offer escrow, receive negative trust
uNOMP's github says this:
Quote
Development stopped and is now unsupported. The node.js version is being deprecated in October 2016.

link

If uNOMP is now unsupported, what is the de-facto software for pool development nowadays?

Props to OP for these video tutorials by the way, excellent step-by-step process Smiley
full member
Activity: 126
Merit: 100
Get paid $500 to $1500+ per week
Thanks for helping.
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
You need some way to attract miners to your pool.  That's what it all boils down to.  The more miners you convince to hash with you, the more coin you can make as a pool operator.  The problem is that the vast majority of the hash rate belongs to China.  Chinese pools represent over 75% of the network.  They continue to grow because that's where so much gear is produced and hosted.  Cheap all around costs mean higher profits from mining operations.

Look at the non-Chinese pools distribution for the past 3 months...

Slush - about 6.16% of the network
Kano - about 2.35% of the network
Eligius - about 0.12%
Bitminter - about 0.12%

Believe me, if I were running a pool for profit, I'd have closed it down a long time ago Smiley
hero member
Activity: 504
Merit: 501
Can you make a mining pool and profit without mining yourself?
Is it possible?  Yes.  Is it likely?  No.

To make money from running a pool (not including any advertisement or non-mining revenue like donations it might generate), you need to charge fees.  You then need to get a whole lot of miners hashing on your pool.

Here's an example.  Let's say you create a pool and charge 1% fees to your miners.  Let's also assume you manage to get 1PH/s of hashing power pointed to your pool.  Right now, that would expect to earn you about 0.009915BTC per day (or ~$6.50).

Let's use a real-world example.  Kano's pool charges miners 0.9% fee.  His pool has about 28PH/s of hashing power currently.  Expectations are that he'd make 0.24993BTC per day (roughly ~ $164.50).

Sure, it looks like easy money, right?  Good luck!  I've been running my pool for nearly a year and average about 150TH.  That's a drop in the ocean, especially considering about half of that is my own mining hardware.  I have a 0.5% fee.  Therefore, my current expected earnings per day from the pool alone is 0.0007435BTC a day (or roughly ~ $0.49).  That's less than $15 a month, which doesn't even come close to covering the costs of running the pool.
So how do you bring miners to your pool.. is all advertising  strategy and fees?  what about websites that list your pool( like a directory
) is there such a thing and do they charge as well? I am very green in this topic so please excuse my ignorance .  Wink
legendary
Activity: 1344
Merit: 1024
Mine at Jonny's Pool
Can you make a mining pool and profit without mining yourself?
Is it possible?  Yes.  Is it likely?  No.

To make money from running a pool (not including any advertisement or non-mining revenue like donations it might generate), you need to charge fees.  You then need to get a whole lot of miners hashing on your pool.

Here's an example.  Let's say you create a pool and charge 1% fees to your miners.  Let's also assume you manage to get 1PH/s of hashing power pointed to your pool.  Right now, that would expect to earn you about 0.009915BTC per day (or ~$6.50).

Let's use a real-world example.  Kano's pool charges miners 0.9% fee.  His pool has about 28PH/s of hashing power currently.  Expectations are that he'd make 0.24993BTC per day (roughly ~ $164.50).

Sure, it looks like easy money, right?  Good luck!  I've been running my pool for nearly a year and average about 150TH.  That's a drop in the ocean, especially considering about half of that is my own mining hardware.  I have a 0.5% fee.  Therefore, my current expected earnings per day from the pool alone is 0.0007435BTC a day (or roughly ~ $0.49).  That's less than $15 a month, which doesn't even come close to covering the costs of running the pool.
hero member
Activity: 504
Merit: 501
Can you make a mining pool and profit without mining yourself?
newbie
Activity: 56
Merit: 0
thanks for sharing and thanks for your vidio. your video very helpfull  Cheesy
member
Activity: 149
Merit: 10
what about https://unomp.org/

isnt it way to go nowadays?

And do you need very fast top specs server for running pool ?

I got 12 cores CPU 8GB RAM 180GB HDD, would that do ? Linux server would that do ?
newbie
Activity: 74
Merit: 0
Nice tutorial... But I give up  Embarrassed
When I clone the bitcoin github, I can't find the makefile.unix.
I'm too much of a noob, but I really want to get this pool working -.-
legendary
Activity: 3318
Merit: 1128
This tutorial is very helpful for beginners.
Thanks Guys  Smiley
Yes, this video guides provided me some in depth knowledge on bitcoin mining process. I believe I have learnt many new things from this tutorial. Hoping to start bitcoin mining very soon with some confident.
If you're interested to start your own bitcoin mining pool, then there are lot of video that is available on YouTube , most useful to get started with. This video guide is also a very nice, but I believe you need more knowledge for this process.
legendary
Activity: 1386
Merit: 1058
This tutorial is very helpful for beginners.
Thanks Guys  Smiley
Yes, this video guides provided me some in depth knowledge on bitcoin mining process. I believe I have learnt many new things from this tutorial. Hoping to start bitcoin mining very soon with some confident.
Pages:
Jump to: