What I was looking for is a way to keep the idea of Bitcoin network decentralisation going. And I know that this idea is not for people with huge hashrates, that is why I clearly stated that in the beginning.
Creating a pool with ONLY small miners will not solve enough blocks to make worth while for anyone. Small miners have largely shutdown or upgraded hardware due to poor efficiency of small mining devices. If you want to help decentralize the network then figure out a way to make P2Pool work on a large scale to include large and small hash rate miners. Another way to help keep the network decentralized is to run a full Bitcoin node and have it in your miners failover list. In the mean time rethink your ideas as they are now unworkable and contradictory. My main problem is with you having the idea that the current pools are somehow unfair. I think that notion of yours is what is unfair. But keep thinking on how to make things better and good luck with it. |
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However, on the pool that I would like to have, the share is being used to get the proportional BTC reward for the miners. So I hope all miners will approximately get the same payout for the same mining period, regardless of their hashrates. The different will be that the miners who mine in longer time will get more payout than the ones who mine in shorter period. Has this kind of method been used so far? More importantly, does that make sense?
That's not Proportional payout system. That is Communism. Nobody here will take part in such an unfair payout scheme. Everyone wants to be paid for the work they do not to subsidize lower hash rate miners. If everybody had the same thought like that, we can be sure where the Bitcoin network will be centralised in a few years. Perhaps what I mentioned is very close to communism. But communism idea is practically dead. And I don't think capitalism works either. For instance, how many percent of the US citizens control the economy and politic in the US? I have read this article a few months back and I found that quite interesting. Capitalism works and has worked every time it has been tried. Everyone in the US asserts control over the economy and every one could take part in the Political process if they chose to. It is very sad that so many choose to not participate in it and/or are ignorant to how it works. |
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Yeah, so, I bring an ASCI miner to school and say that I did it?
The best way to have the worst mark...
Maybe you should be doing your own homework instead of asking others to do it for you. I can't believe that a fledgling programmer is incapable of reading the plethora of source code available to do just what you are asking. You should be asking for sources of information, not how to do something, it kind of defeats the purpose of education, in my opinion. |
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keeping people from using someone else's solve hash)...
Nobody can use a hash belonging to someone else. Block withholding means that a Miner Withholds a block solve, but it can't be used for anyone else on nor on any other pool. There is nothing you can do to prevent a miner from checking a hash to see if it meets difficulty before submitting it and withholding it if it does meet difficulty. |
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However, on the pool that I would like to have, the share is being used to get the proportional BTC reward for the miners. So I hope all miners will approximately get the same payout for the same mining period, regardless of their hashrates. The different will be that the miners who mine in longer time will get more payout than the ones who mine in shorter period. Has this kind of method been used so far? More importantly, does that make sense?
That's not Proportional payout system. That is Communism. Nobody here will take part in such an unfair payout scheme. Everyone wants to be paid for the work they do not to subsidize lower hash rate miners. |
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Eligius. But I still don't see it to be a fair pool for me as I cannot set my difficulty to below 512.
How does a minimum difficulty of 512 make a pool not "fair"? |
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Simply put your writings if sincere show you don't understand the math involved.
Yes, indeed I don't understand the math involved in Bitcoin mining because everything are only about possibilities and probabilities, so math in this case does not exactly give me 1+1=2. I have been looking for practical answer as there are a lot of other factors involved. Why are you posting in a thread that has nothing to do with any of the pools your talking about? You need to read up on how PPLNS works. It can be difficult to understand at first. |
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"No Stratum, GBT or Solo support in pool 0 http://192.168.2.112:8332 unable to use" Info: --- Bitcoind is the v0.11.2 (64Bit) running on Linux. --- When I get this error message with 11.2 I just have to shutdown Bitcoin-qt and restart it then start CGMiner again. I have to do this every 1 to 4 days. The Bitcoin client isn't as stable/reliable as it used to be, it seems. |
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Hi, in Wikipedia, I found the following: Each miner node works on finding a difficult proof-of-work for its block.
When a node finds a proof-of-work, it broadcasts the block to all nodes.
Nodes accept the block only if all transactions in it are valid and not already spent. So far, so good. But how does a pool decide to which nodes it will broadcast a block? By the best connection it has to the node, randomly, latency? Doesn't it broadcast to all nodes it's connected to? That does seem to be the nature of the term "broadcast". Lol, right, my question should be: To which nodes does it connect to? You would probably need to ask each pool operator that. They statically link to nodes they know to be fast. And now there is also the relay network that is supposed to help with block propagation. https://bitcointalk.org/index.php?topic=766190.msg8635670#msg8635670 |
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Hi, in Wikipedia, I found the following: Each miner node works on finding a difficult proof-of-work for its block.
When a node finds a proof-of-work, it broadcasts the block to all nodes.
Nodes accept the block only if all transactions in it are valid and not already spent. So far, so good. But how does a pool decide to which nodes it will broadcast a block? By the best connection it has to the node, randomly, latency? Doesn't it broadcast to all nodes it's connected to? That does seem to be the nature of the term "broadcast". |
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I just found this talk. I have 55th/s with a pool right now. Is there a chance that it would be more profitable for me to mine solo rather than with a pool? I currently make $3700 a month with an electric bill of $1000. Does solo provide a better income?
Do you know how many blocks you solved during each difficulty? |
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i thought that each confirmation was a new block, obviously i was wrong. how can i have 5 confirmations in 16 mins? please explain? there has been times ive waited an hour for 1?
many thanks
A run of fast blocks. Some people had very good luck. Difficulty is adjusted every 2,016 blocks to attempt to solve a block every 10 minutes. There is now way to make sure it takes 10 minutes. So it's the average that is striven for. |
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How can i create my own pool like this?
How can i create pool with pool address and 2% fee??
You would first need to have a trust behind you to create a pool honestly. And a 2% is stupid as there is this pool offering a 0.5% fee. You need to fill a niche if you want to try and start a new pool, as there are many pools out there already that are working. I need a tutorial for solo mining pool like this and also i need a tutorial how to create pool with 2% fee like Slush's pool. You need to take it upon yourself to learn Bitcoin. The successful pools/pool operators learned for themselves how Bitcoin works and how to provide services to non programmer types, like me, for a reasonable fee. They, for the most part, did this to help Bitcoin succeed and help more people mine. Sounds like there are allot of newbies thinking they can make a quick profit by starting a pool and expecting miners to flock to their unknown pool. Creating and running a good and SECURE pool takes allot work, knowledge and resources. If your really up for it, quit asking for tutorials and roll up your sleeves and learn something for yourself. And good luck. |
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bestever does wut ? or how long does it retain the bestever ?
It retains the best share for that worker for ever. Very nice feature I think. I finally setup individual workers for my different miners. |
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Edit: Can the worker tail anything or just a .number?
I don't understand the question? Are you asking what extension you can put on the workername after the username? Anything you like. Yes that is what I was trying to ask  . I just added .bma, .baj and .amu to my bitcoin address user name. Now I can track the bestever share for each worker and total for the address. Very nice. Thanks, Sam |
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Check your stats for some of the latest changes.
Awesome! Thanks, Sam Edit: Can the worker tail anything or just a .number? |
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According to Kano discarded work is meaningless. Update your mining software and they'll go away.
Do a quick search through the CGMiner support thread and you'll see a bunch of explanations of it.
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Hello, I want to setup stratum on my VPS for remote solo mining(not on localhost) Bitcoin and also some altcoin but i cannot find a good pool software, the only stratum software that i found for solo mining is this: https://github.com/pocesar/node-stratum-solobut i'm not sure if is a good choice because the code is 2 years old You probably would want to use CKProxy. But CKPool should do what your asking as well. Or you could just solo mine to a Bitcoin client like the rest of us, which would use the GBT protocol. Don't know about altcoin mining. You should post the question in the altcoin forum. |
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amazing how 62,000,000,000 will pull nothing but a low 52,000,000 finds a block...lol. Wish we were this lucky yesterday Uh, what?? The current difficulty is 65,848,255,180 so the share was equal to or greater than that. The 52 million is just since the reset after find the block. Or is that what the "lol" was about? |
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