Bitcoin Forum

New to mining. Have read a lot and held coin. Have tried to figure out mining just for fun running BitMinter on OSX, but there wasn't really anything to figure out since it was all GUI and their pool is already set to it.

I am now awaiting my Antminer S1. Would love peoples thoughts on the best pool to run this in and how many workers I should be running.

Thanks for helping out this Newbie Miner!

look at my benchmark https://bitcointalk.org/index.php?topic=416933.0
sure it will help to decide

Excellent. Thank you!

Is there a link or suggestions on setting up the S1 on p2pool? Reading through p2pool it sounds like I would need another computer running the p2pool software on the network all the time. Is this the only way? I suppose I could setup a MacMini at my office to run it all the time, but if there is a way to set it up without that would love to understand/know how to get it set up.

You can use any node of p2pool.in
It does not matter which node. You can switch between nodes and you still will be in p2p network -  that is how decentralized pool works.
If you do not want to setup and run own node than use any public (http://p2pool-nodes.info). I advise http://elizium.name
And use last firmware for AntMiner.

Please do not believe this.

For starters this poster is affiliated with the elizium node.

Second he used the pps system on btcguild which has a 7.5% fee.

Third those numbers simply dont add up. According to these numbers p2p has almost mined 20% more, accounting for pps fee we are still over 10% more. According to pool luck stats this is impossible.

Bismarckbkk - What is your suggestion? I have my Antminer arriving tomorrow and I want to be ready to set it up right away. Trying to figure out the "best" (although I understand this is debatable) pool to setup on and what I need to do to be prepared. Everyone seems to have a different idea, I just need to get up and running quick and would like to make a well informed decision. Plus I trust you more since you are bkk :) Ao Nang is down in Krabi. Giddyup!

no problem - go to any centralized pool like btcguild and lose you revenue  ;D ;D ;D
that banchmark only shows practical (not theoretical) results and that is your decision what to do

Hello,

very interesting, I am currently using the Bitminter pool because someone has experience or is the psppool the better option?

thank you

I'm pretty happy using my antminers on P2Pool, just make sure you're running the current firmware (20131226 or better). I can't really recommend using a remote p2pool node, as when you use someone elses you lose most of the advantages of P2Pool.

what your rate in this
you make multipool specific? or?

i am tihnk this nice result

The supposed benchmark shows only that youre a liar. What should I believe official p2pool.info stats or your word?

And who would run a test on a 0% pool vs a 7.5% pool to begin with? And then only for 2 weeks.

First - there is no lie - all results are public. Public statistic of mining stated in banchmark topik. And you can look at address that used in mining - go to blockchain, find all incomes and calculate that it's true.
Second - banchmark is continuous and there will more results every 2 weeks.

In any way do not mislead people. I'm also is miner, I'm was looking for right pool for a long time. I tested almost all known pools
I can say that only practical test will show you where you can mine more. Big pools in this context is not best. They are more stable and has less variance but you pay for that from your revenue. And the interest of pool operators of big pools is big too.

Thanks SEMaster. I received my Antminer S1 today and set it up on what seems to be a smaller pool I found on p2pool.info. Not sure how to tell if its a "good" pool or not. My biggest concern was not being prepared to start it working ASAP once it arrived. It has now arrived and it is mining. How do you measure if success in these pools?

Youre lying, you run a public p2pool node.

You are very well aware that a comparison of pps with 7.5% fee vs 0% fee is stupid and misleading to compare.

You know full well that mining results in bitcoin for 2 weeks does proof nothing.

You claim there is a 20% higher mining income with p2pool which is false. You do not disclose variance and fee for example which youre full aware of therefore youre purposely trying to mislead.

What? why are you talking about some fee at all? every miner is care about profit and if btcguild or other pool takes 7% !!! fee that is not good for miner. P2Pool and elizium node run at zero fee and even more it includes transactions fee in miners revard.

Variance? That banchmark is continuous and is running to discover and show what is better p2pool or huge fee to centalized pool

And yes, I run public node to help people and not mislead them as you do. Seams like you are affiliated with some big centralized pool and you are interested in keeping that big fees. You can write anything but every miner can try and compare where to get more.

Unlike you im not affiliated with any pool.

Only BTCguild PPS share charges 7% PPLNS is 3%.

Eligius is 0%, ghash is 0%. Several other pools are 1 or 2 %.

Why did you choose the highest fee mine option to compare to? You said you tried every major pool so how come you didnt compare it to eligius 0% pool? That would be at least a meaningfull comparison.


I dont mind p2pool, I think its a good pool and best for future of bitcoin but it wont mine 20% more then centralized pools and you know it.


I have personally mined at eligius and btcguild and have been recieving good results there. To earn 20% with p2pool means my hashrate would increase 20%. How do you explain that is possible with neutral luck?

As for claiming your results are public youre lying or misleading at best again.

Youre COMPARING and therefore it is USELESS to publish a single mining adress.

Ive also looked at your p2pool mining stats and I fail to see the additional 10% hashrate that you claim to have over btcguild.

I suggest p2pool but setup your own node. Until then you can mine at eligius at 0% fee.

I compare most used option.  Many new miners are going to mine on PPS as they worry about variance. But they don't mind about high fee. And one of the goal of banchmarc is to show that.

I likes the idea of decentralized mining so all my Jupiters now works on private p2pool node. With my antMiners I run this continuous banchmark to see difference for myself and for other miners who wants to see.

There is no extra hashrate ) . Please look at blockchain for the address that is used as miner username on elizium node (https://blockchain.info/address/19wBjUhgfhkb97VBWjqPd4Us6U9na2cUZ7?filter=2). You can calculate all incomes (Newly Generated Coins) and compare to your own results on any other pool.

I'm not campaigning to use this pool or my node. Everyone makes choices for themselves. I made ​​my choice and it p2pool.in. I like the idea of decentralized Mining and therefore I support the public node - http://elizium.name

Yes you are campaining for p2pool and your node. I dont mind you campaining for p2pool. Everyone should use it. I just question your methods.

I also dont know where you get that pps with 7% fee is the most popular? Anyone with half a brain know that 7% is going to earn them 7% less then a 0% pool.

I accept that p2pool is the most efficent and morally best choice to mine but youre benchmark is meaningless especially when you compare lowest fee with highest fee on the market.


Fair enough, Im running 5 antminers on BTCguild. From Jan 1st to Jan 14th I have gotten 48 automated 0.1 BTc withdrawals . 4.8 BTC  in which is exactly how much you mined at p2pool over the same timeperiod.

What is the advantage of setting up my own node?


So you earned .96BTC per ant miner in 2 weeks? Thats .068BTC per day. That's pretty awesome! Over the course of 31 hours I earned .043BTC, so you are earning over 50% more. Are your Ants over clocked? I am running mine at 400Mhz, avg 197Gh/s at a 1.9% error rate.

My result of 6 antminer for that period was 5.24BTC

here is tx id that confirm that
2014-01-14   19:14:27   PAYMENT   RECEIVED   0,18997495   0   76423d669124c77da665839cd1e4901d982c8918e3bb26f1cb673592a4e544d5
2014-01-14   17:10:56   PAYMENT   RECEIVED   0,17661673   0   467ef99540907515a1f6db7d887afe6c87f46909f87fe1d9c1ab924c7bd7ca30
2014-01-12   12:14:32   PAYMENT   RECEIVED   0,27211767   0   c6a46883c0d49ed3dfd9a1a76bf878008142f4c891b2c7aabec8303128aca5fb
2014-01-12   06:44:25   PAYMENT   RECEIVED   0,29671524   0   cf88aaca5dd147a70563d56e669e29fb1974de02f65843d7b9fcbf8cb00e5feb
2014-01-12   02:24:25   PAYMENT   RECEIVED   0,30402467   0   062ed71711e2c101320e0b7ca804458e88ecc7bf66adab9057f12dc22786be96
2014-01-11   16:52:19   PAYMENT   RECEIVED   0,21730915   0   9536109757403fd2fbbd83497240c0e9bc7131e3a7d8e87f1a92514361cdc152
2014-01-11   00:37:43   PAYMENT   RECEIVED   0,16370059   0   d67c2c5b869e8fc926294b59a3c2bca75f1b426107477ffdee82832faeaecbf1
2014-01-10   22:23:57   PAYMENT   RECEIVED   0,1469635   0   e1716e9662c0c2e37f853acadf307219f343b1b5ab17919425fd5a911223eadb
2014-01-10   19:17:01   PAYMENT   RECEIVED   0,14760605   0   c73aaac5837ca39f0afc6911b58cc053a8550e29bd3294b9104058003669c512
2014-01-10   16:53:17   PAYMENT   RECEIVED   0,12197116   0   cd9950809b92dca89fe25f79a255010878cfd06fb75c9b00fb9f83ef940ea780
2014-01-10   12:56:25   PAYMENT   RECEIVED   0,12182851   0   d4efd64c6b6d0fbb33529ba54af36b523651b2a4810f643a227138e685528000
2014-01-10   03:25:30   PAYMENT   RECEIVED   0,17384164   0   9b8cc1959de232698f791b780751ee59026903fb82533eccf96b6392cd5872cb
2014-01-10   02:36:50   PAYMENT   RECEIVED   0,18283656   0   64c92f95d433fde639531d1776492ebb094241f363183658c390dd280b416248
2014-01-09   18:16:55   PAYMENT   RECEIVED   0,1453296   0   46d2edb08a033b78162b3232631e8181fcf8fcb140b998583a8431b420071b7c
2014-01-08   10:54:08   PAYMENT   RECEIVED   0,1918971   0   04f622f85cb09f0a1cda35361cbf523511b828f592278f1fdbf3f8b502103fc3
2014-01-08   02:37:25   PAYMENT   RECEIVED   0,17377245   0   d6140f76026de39b3df8616cde02e526d32b8572eb4736e031fa3b439f87b611
2014-01-07   23:41:14   PAYMENT   RECEIVED   0,19423283   0   3194b2b1bdee886fcc10b178c09bac5c02787f29929c03909076cf54d8cf7a87
2014-01-06   13:28:44   PAYMENT   RECEIVED   0,12959867   0   9113a252421427c1acaf356223a6eb84047526df56213c5c119d009ba9742272
2014-01-05   16:38:02   PAYMENT   RECEIVED   0,17715119   0   90c9df5787ce9440e82e5c3daf7ab9aa3eb893e2118d622645b9f1a808f01ac0
2014-01-05   14:25:25   PAYMENT   RECEIVED   0.17785677   0   c0efd127f00d0969842499c84dfdb9b5203700e7235935e82744d6b4efa9a99f
2014-01-05   12:37:08   PAYMENT   RECEIVED   0,15917583   0   76872e7002cb5e39a82cc7ff92974fc11c8b46b4c809d36f5807cc183e9a99da
2014-01-05   12:31:12   PAYMENT   RECEIVED   0,1590187   0   8e002a5897123fe1f47a13645ed202a24db708f2ffd5d390f90ef060f78522fd
2014-01-05   05:36:58   PAYMENT   RECEIVED   0,18647168   0   9eb8b51e3c95191ccf12969952fcc04faebc0801b2d29cfbb78b71fbfef071cf
2014-01-04   12:09:18   PAYMENT   RECEIVED   0,2698959   0   573d733ad6f6b7203ebee4e266cee48df8ac1dc876185cdd1a5b4b188a1cb242
2014-01-03   19:26:48   PAYMENT   RECEIVED   0,31509071   0   fbb83c42f189fde6e95c59ac66cb6e2b1b8ccac3c08a3c92d7c67327b8da607f
2014-01-03   13:14:16   PAYMENT   RECEIVED   0,27314882   0   f8af0b0371d7310a7df900588a548d8523efa033f21e76702ff35b3b8eda0fd8
2014-01-03   11:21:17   PAYMENT   RECEIVED   0,27293554   0   be2d159a29079b6021aec5d97dd1509812120468c805e9230038ac41091ef97c
2014-01-02   11:56:07   PAYMENT   RECEIVED   0,04599657   0   186181a48fa5dc123147668552efe885b4ef9ae33d388cb29b9f95f790a0c420
2014-01-01   15:27:34   PAYMENT   RECEIVED   0,03481356   0   cf3ff7033aa23991390833b577b0fa3980546edcba75e3883f093d876d6c71fc

can you confirm your result?

- you will have full control on your node.
- nobody will be able ddos your node if it not public and you do not publish your ip.
- if you have good hardware for server than you can get better latencies etc

I do not see other advantages but maybe someone else tip it

Yes theyre overclocked. That result was 1st jan to 14th jan. Difficulty has increased alot since then so you cant compare it to now. 31 is also really small timeframe.

I can confirm the results.

Ok, I have my AntMiner S1, which pool is the best to use? BTCguild  PPS or PPLNS, or a different pool?

Slush pool any good?

Slush and BTCguild are both fine pools.  Deepbit.net is fine too.  All three reputable, honest, and have been around a long time.  P2pool is good and should get your lower fees and a higher return over time, but with higher short term variance.   It is really just a question of looking at the costs, orphans and benefits of each and then deciding what is important to you.

bitparking.com has merge mining with a variety of merged coins.

If you ever mine alt coins, I run a TRC pool I'd recommend. ;)

I know it a old post

but Nicehash has huge reject

any other pool we should try

so far working for me
ghash.io (180gh give or take on both my end and pool)