Bitcoin Forum

Economy => Service Discussion => Topic started by: Solidsmart on October 30, 2014, 01:39:05 PM



Title: How much does one earn with a mining pool`?
Post by: Solidsmart on October 30, 2014, 01:39:05 PM
Maybe i wanna start a mining pool,
and do you know any good services,hosting provider?
and how much to earn daily?


Title: Re: How much does one earn with a mining pool`?
Post by: Bitcoin Magazine on October 30, 2014, 01:50:59 PM
Maybe i wanna start a mining pool,
and do you know any good services,hosting provider?
and how much to earn daily?

mining solo is the way to go.  cause u get 25 BTC in one big swoop.    ;D


Title: Re: How much does one earn with a mining pool`?
Post by: Solidsmart on October 30, 2014, 01:52:20 PM
Maybe i wanna start a mining pool,
and do you know any good services,hosting provider?
and how much to earn daily?

mining solo is the way to go.  cause u get 25 BTC in one big swoop.    ;D
that was not what i asked for:)


Title: Re: How much does one earn with a mining pool`?
Post by: ranochigo on October 30, 2014, 02:12:32 PM
Mining pool's earning depends on how well you code the back and front end having, reliability, trust and fast hardware. Some pools do charge a fee for their service, around 1-3%. If you design the pool well and have stability, you would have high earnings as more people would mine on your pool. Mining pools aren't that easy to manage, you need good customers service, nice looking and smooth UI, fast servers. If anything happens to your pool, you would have to solve them within a short period of time. Successful pools code the whole server themselves instead of getting a ready made back and front end.


Title: Re: How much does one earn with a mining pool`?
Post by: Etanllah on October 30, 2014, 05:34:32 PM
It seems to me that you would have a lot of competition. There's tons of mining pools already out there already.

There's going to be a lot of hard work as a mining pool operator. It's going to be tough to get people to mine at your pool. If no one is mining at your pool, why would anyone want to. So you have to come up with a way to get a decent amount of people mining there. Also, miners can be fickle people. If you have one little issue with your pool/site, they will jump ship and go to a "more reliable pool".



Title: Re: How much does one earn with a mining pool`?
Post by: Solidsmart on October 30, 2014, 05:54:19 PM
Mining pool's earning depends on how well you code the back and front end having, reliability, trust and fast hardware. Some pools do charge a fee for their service, around 1-3%. If you design the pool well and have stability, you would have high earnings as more people would mine on your pool. Mining pools aren't that easy to manage, you need good customers service, nice looking and smooth UI, fast servers. If anything happens to your pool, you would have to solve them within a short period of time. Successful pools code the whole server themselves instead of getting a ready made back and front end.
great answer, you mean MPOS mining pool software, is not the funny thing, maybe something custom coded?


Title: Re: How much does one earn with a mining pool`?
Post by: Solidsmart on October 30, 2014, 05:55:31 PM
It seems to me that you would have a lot of competition. There's tons of mining pools already out there already.

There's going to be a lot of hard work as a mining pool operator. It's going to be tough to get people to mine at your pool. If no one is mining at your pool, why would anyone want to. So you have to come up with a way to get a decent amount of people mining there. Also, miners can be fickle people. If you have one little issue with your pool/site, they will jump ship and go to a "more reliable pool".


you are right,i have to know much about the software to solve issues immediatly.


Title: Re: How much does one earn with a mining pool`?
Post by: Ron~Popeil on October 30, 2014, 05:59:39 PM
I would read up in the mining areas of the forum to see the daily stress a lot of pool operators deal with. Also to make money you would need to charge fees so it is crucial you have no down time. If you have the knowledge and the time to do it though I imagine the profit could be very good if you get a group of miners to use it.


Title: Re: How much does one earn with a mining pool`?
Post by: magicalpop on October 30, 2014, 11:53:44 PM
Your profits will depend on how much hash power you have at your pool and how lucky you are. Slush's pool (https://mining.bitcoin.cz/stats/) mined an average of 5.2 blocks in the past 5 days and charges a 2% fee. (5.2 * 25 BTC) * 0.02 = 2.6 BTC. That's 0.52 BTC/day. Keep in mind it will be very difficult to attract miners to your pool unless you have a good amount of hash power already there.


Title: Re: How much does one earn with a mining pool`?
Post by: btceuropen on October 31, 2014, 01:46:29 AM
It depends on the force of you mining pool


Title: Re: How much does one earn with a mining pool`?
Post by: Gleb Gamow on October 31, 2014, 02:12:28 AM
Maybe i wanna start a mining pool,
and do you know any good services,hosting provider?
and how much to earn daily?

Here's an address that does pretty good: https://blockchain.info/address/1QAHVyRzkmD4j1pU5W89htZ3c6D6E7iWDs Also, when you reach a certain amount you can have BitPay convert your BTC to fiat deposited directly into your bank account like BFL did all the way up to the day before they were raided by the #ASKFTC. And, if you're on probation, request Courtney N. Piece to be your probation officer, for you'll be able to get away with a myriad of shit like Sonny Vleisides has.


Title: Re: How much does one earn with a mining pool`?
Post by: dashen on October 31, 2014, 03:00:00 AM
it depends on your determination, but most important is how great your equipment is.


Title: Re: How much does one earn with a mining pool`?
Post by: ANTIcentralized on October 31, 2014, 05:37:54 AM
Your profits will depend on how much hash power you have at your pool and how lucky you are. Slush's pool (https://mining.bitcoin.cz/stats/) mined an average of 5.2 blocks in the past 5 days and charges a 2% fee. (5.2 * 25 BTC) * 0.02 = 2.6 BTC. That's 0.52 BTC/day. Keep in mind it will be very difficult to attract miners to your pool unless you have a good amount of hash power already there.
You also will need to take the costs associated with running the pool into consideration. You will need to have stratum servers that the miners connect to (which will need to be geographically diverse), if your pool become large enough you will want "private" stratum servers for larger miners to connect to (so they can continue mining on your pool for when your pool will eventually get DDoS'ed. You will need servers to handle both the UI interface (where miners go to sign up and monitor their earnings and performance) and the backend (when payouts are processed).


Title: Re: How much does one earn with a mining pool`?
Post by: Solidsmart on October 31, 2014, 10:45:08 PM
Your profits will depend on how much hash power you have at your pool and how lucky you are. Slush's pool (https://mining.bitcoin.cz/stats/) mined an average of 5.2 blocks in the past 5 days and charges a 2% fee. (5.2 * 25 BTC) * 0.02 = 2.6 BTC. That's 0.52 BTC/day. Keep in mind it will be very difficult to attract miners to your pool unless you have a good amount of hash power already there.
You also will need to take the costs associated with running the pool into consideration. You will need to have stratum servers that the miners connect to (which will need to be geographically diverse), if your pool become large enough you will want "private" stratum servers for larger miners to connect to (so they can continue mining on your pool for when your pool will eventually get DDoS'ed. You will need servers to handle both the UI interface (where miners go to sign up and monitor their earnings and performance) and the backend (when payouts are processed).
anyone of you know a good hosting provider?


Title: Re: How much does one earn with a mining pool`?
Post by: ScryptAsic on November 01, 2014, 07:00:00 AM
Your profits will depend on how much hash power you have at your pool and how lucky you are. Slush's pool (https://mining.bitcoin.cz/stats/) mined an average of 5.2 blocks in the past 5 days and charges a 2% fee. (5.2 * 25 BTC) * 0.02 = 2.6 BTC. That's 0.52 BTC/day. Keep in mind it will be very difficult to attract miners to your pool unless you have a good amount of hash power already there.
You also will need to take the costs associated with running the pool into consideration. You will need to have stratum servers that the miners connect to (which will need to be geographically diverse), if your pool become large enough you will want "private" stratum servers for larger miners to connect to (so they can continue mining on your pool for when your pool will eventually get DDoS'ed. You will need servers to handle both the UI interface (where miners go to sign up and monitor their earnings and performance) and the backend (when payouts are processed).
anyone of you know a good hosting provider?
You could ask luke-jr or eleuthria (who run eligius and btcguild), however I would think that a cloud provider like amazon ec2 would likely be ideal as they are easily scalable and you can rent geographically diverse servers