Bitcoin Forum

Wish I could ask this in the pool forum. :(

Anyway which pool(s) would yield me the best result if I have 40-60 GH/s of capacity to throw at it?  Obviously they should be reliable and honest too...

Thanks.

I believe all pool are the same as long as it has stratum support, low stale and 0% commission.

Thanks.

Which do you use?

Do some have a faster payout than others?

Sorry, can't really answer you this question cause I stopped BTC mining few months ago when ASIC started conquering the world. I invested in cex.io (https://cex.io/r/0/cowandtea/0/) (referral links) instead.

I recommend something like btcguild which has the largest share of the pie so you can certainly see a payout.  What the other guy was pointing out above is that "in theory" you should get the same amount of coin given:

your pool isn't too small
your fees are zero percent
You can merge mine for a little bonus in extra coin to be gained



However I think that in practice, larger pools solve more blocks more often than smaller pools and so you may see a larger payout from having more hashpower on a smaller pool but the amount of blocks solved is likely to be smaller per day and thus your payouts will be less.  This is my opinion and I am looking for a more clear answer as well which is why I decided to share my experience.

You cant go wrong if you use one of the biggest pools, they are all reliable and honest.
I using Bitminter and the daily mined amount does not change so much

What does "merge mine" mean?

Thanks.

That means you can mine two cryptocurrency at the same time, cashing out and selling the other cryptocurrency for bitcoin so you can earn more profit. I recommend bitminter (Nice interface and merge mining, increasing hashrates)

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

Its pretty much unprofitable to mine due to the difficulty. But if you just wanna warm your room with a little profit, the requirements are: GPU, any processors, 1GB+ of ram would be ideal. Also, AMD GPU are really good at mining cryptocurrency.

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.

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

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

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

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/

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?

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

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://bitcointalk.org/index.php?topic=27062.0

Yes there are good pools without a fee.  look at the first post in the mining pools list thread:
https://bitcointalk.org/index.php?topic=104664.0

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? 

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.

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.

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.

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

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

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.

I love https://www.multipool.us (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?

Of course.
I mine on multipool with ASIC hardware

Pick your poison (from home-page) :

http://tof.canardpc.com/preview2/d9205177-d438-4a4f-8827-2ba7462e9477.jpg (http://tof.canardpc.com/view/d9205177-d438-4a4f-8827-2ba7462e9477.jpg)

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)

Can you do SHA256 or any other coin with ASIC?

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.

and peoples must more rich as they prefer bitcoin because its going more high and high after shut down of silk road  ;)

What is the point of these copycat currencies?  What new do they offer?   What need are they fulfilling?

But SHA256 Alt isn't very profitable and the fee is quite hard.

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.

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

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

All others Alt-coins is just some Pump and Dump coins...

I reccomend BTCGuild! The best for me !

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.

Using BTCGuild too, so far have no problem with them..

Why not mine terra or ppcoin instead? They seems to have better profitability...

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...

One year without problem too :)

But recently, they were ddosed.