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Title: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: Jiuks on September 15, 2016, 01:33:20 PM I always wondered how much these pools were profitable. Do we have any infos about that ?
Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: DarkStar_ on September 15, 2016, 01:36:47 PM How profitable those pools are? AntPool makes the transaction fee off of every block and so does BTC.com. BCMiner takes a 0.5% cut but pays fees, same with slush except 2% and BitMinter with 1%. Kano.is also pays the tx fees - 0.9%. Do they have benefits? Yes. If you own a large pool, you have a higher chance of winning orphan races (confirming your own block).
If your wondering how profitable the miners are, there isn't an answer to that since electricity fees vary. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: Jiuks on September 15, 2016, 02:57:52 PM How profitable those pools are? AntPool makes the transaction fee off of every block and so does BTC.com. BCMiner takes a 0.5% cut but pays fees, same with slush except 2% and BitMinter with 1%. Kano.is also pays the tx fees - 0.9%. Do they have benefits? Yes. If you own a large pool, you have a higher chance of winning orphan races (confirming your own block). If your wondering how profitable the miners are, there isn't an answer to that since electricity fees vary. Do these major pools earn A LOT of money ? What is the monthly range of benefits they have ? [0;$1000] ? [$1000;$5000] ? [$10000;$20000] ? (I'm talking about mining pools owners, not miners) Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: DarkStar_ on September 16, 2016, 02:10:25 AM Do these major pools earn A LOT of money ? What is the monthly range of benefits they have ? [0;$1000] ? [$1000;$5000] ? [$10000;$20000] ? Yes. I'll use AntPool and pretend everyone mines PPLNS, which is the easiest to calculate and has less variance on the amount the pool makes. AntPool keeps the tx fee on PPNLS, and doesn't take extra fees after that. In the last month, they found 699 blocks. The average tx fees paid every day according to blockchain.info is around 60 BTC, but considering they SPV mine, I'll use 50 BTC for my calculation. 50BTC/144blocks = ~0.347BTC/block.(I'm talking about mining pools owners, not miners) 0.347BTC times 699 = 242.553BTC. Preev rates gives me 147,700$ USD. If your thinking of running a pool to make easy money, don't even bother imo. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: MFahad on September 16, 2016, 05:18:29 PM I always wondered how much these pools were profitable. Do we have any infos about that ? With a small rig or medium rig, I prefer a medium pool. Too small of a pool and you might as well be solo mining, too big and your hash is buried beneath the rubble. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: noormcs5 on September 18, 2016, 11:58:22 AM I always wondered how much these pools were profitable. Do we have any infos about that ? With a small rig or medium rig, I prefer a medium pool. Too small of a pool and you might as well be solo mining, too big and your hash is buried beneath the rubble. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: AdolfinWolf on September 18, 2016, 12:59:24 PM I always wondered how much these pools were profitable. Do we have any infos about that ? With a small rig or medium rig, I prefer a medium pool. Too small of a pool and you might as well be solo mining, too big and your hash is buried beneath the rubble. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: Shiroslullaby on September 18, 2016, 01:06:11 PM I would still mine to one of the pools like Kano.
You can get technical advice from them on this forum, which is worth a ton, IMO. They also have lower fees and in general you are going to make the same, or more. There are some threads here where people have done the math showing you actually make more money in the long run from these pools. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: philipma1957 on September 18, 2016, 01:13:46 PM I would still mine to one of the pools like Kano. You can get technical advice from them on this forum, which is worth a ton, IMO. They also have lower fees and in general you are going to make the same, or more. There are some threads here where people have done the math showing you actually make more money in the long run from these pools. I did a thread that showed long term set it and forget mining at Kano.is is the most profitable way to mine. My miners mine there 24/7/365. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: noormcs5 on September 18, 2016, 02:12:30 PM You also have to learn the payout systems and which is for you. It takes time to figure it all out.
Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: talks_cheep on September 29, 2016, 04:48:45 AM I would still mine to one of the pools like Kano. You can get technical advice from them on this forum, which is worth a ton, IMO. They also have lower fees and in general you are going to make the same, or more. There are some threads here where people have done the math showing you actually make more money in the long run from these pools. I did a thread that showed long term set it and forget mining at Kano.is is the most profitable way to mine. My miners mine there 24/7/365. philipma1957 is absolutely right. Kano.is is the best pool for anyone to mine. Too bad there are so many noobs who mine at crappy antpool. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: jonnybravo0311 on September 29, 2016, 06:21:50 PM Besides learning the payout system used by a pool, also check out the fine print. For example, why people mine at Antpool is beyond me. They pay absolutely 0 transaction fees to their miners. What this translates to is an average 3.1% fee. Even though they claim 0% PPLNS, the reality is different because they don't pay the transaction fees. Oh, Antpool is one of the worst offenders for producing empty blocks as well. In fact, any pool that produces empty blocks is denying miners income. There is absolutely no need for producing empty blocks, yet quite a few pools out there do so consistently.
Kano's pool is one example of a pool that gets it right. Transaction fees are always paid out to miners. There are no empty blocks. My pool also always pays transaction fees to miners and does not mine empty blocks. DrHaribo's pool, BCMonster... all good choices that will earn you more coins for your hash than the big guys will. Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: Meuh6879 on October 16, 2016, 05:02:58 PM Quote Oh, Antpool is one of the worst offenders for producing empty blocks as well. In fact, any pool that produces empty blocks is denying miners income. There is absolutely no need for producing empty blocks, yet quite a few pools out there do so consistently. Good for us, the 0.13 Bitcoin Core change this : Code: +Compact Block support (BIP 152) http://imagizer.imageshack.us/a/img921/5977/NYtwH8.png Title: Re: [Question] Do big mining pools have benefits ? Are they very profitable ? Post by: -ck on October 16, 2016, 08:45:11 PM Quote Oh, Antpool is one of the worst offenders for producing empty blocks as well. In fact, any pool that produces empty blocks is denying miners income. There is absolutely no need for producing empty blocks, yet quite a few pools out there do so consistently. Good for us, the 0.13 Bitcoin Core change this : Code: +Compact Block support (BIP 152) |
