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It's not going to happen before 2018. The US economy is actually doing quite well right now. I could see it happening eventually but I think you are safe with your fiat for a good while. These banks have a lot of fight in them and they're gonna do whatever it takes to keep things afloat. Greed is a powerful force.
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Guess there's no gui yet?
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Once btc hits an all time high it'll be difficult keeping the news quiet. Bet we will see 2k-5k in the coming months.
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I don't remember my authorization pin. What do I do? Also, if people are looking new pools, check out http://sudopool.com, it's mine, and it a multipool that pays in ltc. |
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If only this forum supported tipping...
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We just launched 12 hours ago. We're now at 40 megahash. Come join us, or ask us any questions here. http://sudopool.comhttp://www.reddit.com/r/sudopoolSudopoolNo registration. No account. No password. Auto-mine the most profitable coins. Auto-trade mined coins into coin of your choice. Auto-pay daily when your balance > minimum. Real-time stats, API, graphs, and notifications. Pool fee is 1.5%. Auto-pay minimum500 doge 0.01 btc 0.1 ltc Get Startedstratum+tcp://earth.sudopool.com:3333 stratum+tcp://moon.sudopool.com:3333 Use one as your main, and one as failover. Username = worker@address (Learn more) Password = anything |
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Thank you for mining at our pool. We have stopped operating. No, we're not bankrupt. We decided to switch our reward system from PPS to something else. We have reassessed the risks associated with running a PPS reward system in regards to Withholding Attacks, and have decided we cannot manage such risk while providing a quality service at a low fee. We're working on launching a new pool with a different reward system where Witholding Attacks cannot damage the pool operator in such a direct way. For your reference, a Withholding Attack is where a malicious miner does not give the block solution when the miner finds it to prevent the pool from getting the reward, while getting paid for shares the miner submits. This kind of attach is easy to do, and it seems pool operators do it to each other to put each other out of business, or to draw miners to their own pool. We started in January 8th, and we've been lucky to have made more than we paid out throughout this learning process. We will come back in the near future with an improved version of our pool. We plan to make one for Dogecoin as well. All earnings will be paid out next hour to all those who have earned at least 0.01 ltc. Thank you for mining with us, and we hope to see you on our next pool.
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0.5 ltc mininum your coins are held hostage
Yup. Until you mine over 0.5 ltc, and you are paid in full next hour. Hostage released. |
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Just release our stats API.
We're now at about 25,000 kHs, have paid out over 50 ltc to about 40 active miners. Come join our pool!
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Just lowered minimum payout amount to 0.5 ltc!
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Just updated a lot of UI including stats. Lowered minimum payout to 1 ltc from 2 ltc. Shorted the auto-pay time from to every 1 hour from 2 hours. Happy mining! http://PPSMiningPool.com |
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Eligius for ltc? Sounds good.
Yup, in pure PPS form. |
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where are you based?
rochester, ny ok thanks, what happens if you forget the payout address you registered with? How can you prove who you are? Even if you forget the address, you will still get paid to that address. |
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where are you based?
rochester, ny |
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http://ppsminingpool.comPay per share 2% fee No registration No password Just use your payout address as your username Auto-pay every 2 hours 2 ltc minimum No payout fee For litecoin only for now. Bitcoin coming as soon as I can get enough buffer bitcoins. I'm the pool operator. Let me know if you have any questions or comments.
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How about hiring a developer or two to make a brand new pool? How much would that cost?
Why re-invent the wheel? There are a lot of different open source mining pools, you can install on a server. How much would one charge to have one setup? |
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How about hiring a developer or two to make a brand new pool? How much would that cost?
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I'm curious how much it would cost to buy a mining pool, or have one built. Can anyone shed some light on the subject? Thanks.
Buy Existing Pool: You could theorize how much one would cost based on their current hashing power, profit taken, and factor in some risk and general interest/return rates for similar types of investments. Disclaimer: most of these figures are very rough ball-park numbers, I'm not attempting to accurately appraise any specific Bitcoin mining pool. For example let's say ACME Mining Pool has around 325 TH/s power, and at current difficulty they are mining about 7 blocks a day. For the sake of simplicity, let's assume that ACME has been around awhile and has some loyal miners who are actively expanding their operations and the pool will retain it's percentage of the global hashing power even with the difficulty increasing. 25 coins * 7 blocks * 365 days = 63,875 bitcoin revenue per year. Now remember the mining pool industry is very competitive, only a small percentage is left after paying the employees (miners). Let's say ACME pays miners 98% of revenue, running costs are 0.25% of total revenue, leaving 1.75% for profit. 1.75% * 63,875 = 1,117.8125 annual bitcoin profitThere are many different ways to value a business. But one simple way of looking at it would be to look at interest rates where a potential buyer or the current business owner (let's say they're retiring) can earn interest on investment. Let's say with a large investment they can net 10% annual ROI with a medium risk portfolio. To make the same amount of bitcoin a year, by using the other investment -- they would have to invest 11,178.125 bitcoin! I'd be interested to see what other people think of this. Criticisms welcomed. That sounds about right. I doubt any established pool operator would want to retire/sell the business. What about just having someone setup a brand new mining pool? How much would that cost? |
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I'm curious how much it would cost to buy a mining pool, or have one built. Can anyone shed some light on the subject? Thanks.
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They both release the funds.
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