Bitcoin Forum

Hello everyone I'm new to bitcoin mining, could you suggest a large pool that uses PPS. Also do pools expect a minimum hash rate before letting you join.
Thanks

No, you do not have a min hashrate to join

The biggest one I see on blockchain info is BTCGuild on their 'Hashrate Distribution' /pools page.

8 )

But then, with low hashrate, you might never mine enought BTC to be able to withdraw it from pool.

So check first minimum withdraw amount requirements + how long you will mine this.

List of mining pools: https://en.bitcoin.it/wiki/Comparison_of_mining_pools

btcguild.com is bigggg... so its a good pool

If you want to make a profit I suggest looking at other coins to mine.  8)

There is still profit to be had but right now we are 'climbing the mountain' so it would depend on the miner(s) you are using.

Bitminter?

Personally I'd rather have BTC over FRN(USD) but I'm not in this for profit.

I'm in the for the long hawl, the end game, even though it is a hobby to me.


On a side note, what was the name of the Dragon in Princess Bride?

8 )

If you're mining with GPUs, I recommend LTC mining at LiteGuardian. 2% PPS. I can give an invite if you want one. I know you're not interested in profit, but with GPUs, you're much better off  Litecoin mining. Or altcoin mining. https://www.liteguardian.com/secure/

If you're mining with ASICs, it's tougher. There isn't as clear a choice for miners who want PPS. It used to be 50BTC, with 3% PPS, but they got hacked. I can only give my recommendation, and that's Bitparking, because of merged mining of NMC, IXC, I0C, DVC, and Groupcoin. All the merge mined coins are 2.5% PPS, with currently 0% DGM for BTC, which will become 1.5% DGM again at some point. The catch? I just stated it, it's not PPS, it's DGM. I would much rather prefer PPS, but I lack the resources to make a 2% or 3% PPS pool.

BTCguild and Slush's pool are great options IMHO

Check out this site.  https://blockchain.info/pools

This is the current hash rate for each.  I would recommend any but 50BTC.  They were recently hacked and are slow to respond to the user base.  I have just about 1 BTC Tied up there and would like to get it back.  I did give them a stand out position in my book on Bitcoin Mining, but now feel the need to update the book.

BTC Guild depends on what sub you get latched to, gotta look at that....

over all been happy with them!! No complaints what so ever!!

I would definitely look at that pool graph to make a decision, up to you!

8 )

BTC guild and slush's pool are the biggest ones.

I wouldn't recommend BTCGuild just because they're getting so big they're starting to monopolize pooled mining.  Slush's Pool is great.  I've heard good things about Bitminter too.

I never tried BTCGuild, because their fees are too high. I used Slush's Pool before, but Slush keep all the namecoins which all the miners generate, and only give you the bitcoins. How do you think he had the money to start his Trezor business? From using all the namecoins which he got from all the miners.

I personally prefer Bitminter, you get your namecoins and also no fees!!  :)

BTCguild pool is the largest, or you can try any other pool with 0 fee and incentives....

While not huge triplemining is a neat pool.  They have two features that stand out.

If you refer people and create a minipool within the pool a portion of their fee is paid to you instead of the main pool.

The second is a lottery system which rewards a small percentage of a block as a jackpot.  Usually like 0.2.  If you are mining on gpu's with a little luck you could win more on the jackpot than you would make in months.

Not sure how either of those would weight up against finding less blocks than larger pools but if you were to bring in enough people under you, you could bring in more bitcoin than gpu mining.

bitminter is great

My 3 favourite pools are:  BTCguild, Slush's pool, and Bitminter.
BTCguild is probably the easiest pool to set up, 1 minute and you're done.
Bitminter always overclocks your miner by a bit, which is great as long as it can stand it.

I would concur I use those 3 and have good results and all about the exact same result.

Thats the best bit of advice I have heard....

People new to mining will get enjoyment from their first withdrawal, so as mentioned, find out the min withdraw limit

 For Scrypt try out https://www.multipool.us/ this is my favorite and they do NOT dump/sell coins for you which is a great thing btw.


 For Bitcoin try out https://bitminter.com/ or other ones already mentioned. It has built in automatic merge mining for Namecoin.


 Note both the above are secure sites (much harder to hack) by way of https which is a huge bonus as far as I am concerned!




 For CryptoGenicBullion (CGB) (my #1 pick for future success) see no other than my favorite mining pool: https://www.multipool.us/

http://cryptogenicbullion.org/


 For Litecoins (with the most steady production rates that I have found) try out http://www.wemineltc.com/index

 For Novacoin try out https://nvc.khore.org/stats




 For the newbie and experienced miner alike I believe they will ultimately luv all the above mining sites. And especially mining CryptoGenicBullion (CGB) through the end of this year when the initial max. of 1 million CGB will be met! The race to the finish line of producing 1 million CGB is on... Get your share of CGB or you may really wish you had!


 Just be wary of wasting mining energy and time on what may prove to be failed Alt. Coins/Currencies.

 Choose wisely (spend time researching).




CLICK the NAME of each currency at this link to do your research at their home sites http://coinmarketcap.com/




 For what Currency is most productive relative to current mining rates see the following sites but beware of dogs (shitcoins):

http://www.coinwarz.com/cryptocurrency = my favorite.

http://coinchoose.com/

http://www.criptovalute.it/profit




Other sites worthy of mention:

http://altcoins.com/

http://cryptolife.net/ for Scamcoins / Altcoins.

http://cryptometer.org/index.html for historical Blockchain data to determine if listed coins are Premined or Insta-mined.




 For Bitcoin & Cryptocoin News:

http://www.thebitcoinchannel.com/

http://www.cryptocoinsnews.com/

http://www.cryptocurrency.org/

http://cryptosource.org/news/

http://thegenesisblock.com/

http://mining.thegenesisblock.com/ (for ASIC Mining Hardware Specs and Prices)



And importantly:

https://en.bitcoin.it/wiki/Securing_your_wallet



Plus; Off Topic but Critical:

http://dollarcollapse.com/




 This is much more than asked for but surely some great links for newbies and experienced miners alike!

 Enjoy.


Caveat emptor - let the buyer beware!

BTCGuild or wemineltc.com... depends on what you are mining...

Eligius is growing and might be worth checking out if you want a big pool:  http://eligius.st/~gateway/

I started there to learn the ropes.

I have since moved to smaller pools (https://give-me-coins.com/ and http://hhtt.1209k.com/).  End of the day, the payout is the same (in theory) and I bought into the "smaller pools are better for the network" argument.

Wow thanks for all the great replies and links. I've joined up with btcguild I'm not too concerned about fees for now.
Thanks again
froo