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Is there nowhere a european Miner for my 0% Fee P2Pool Node? The node feels like blue without Miner  http://bitcoin.web-rss-verzeichnis.de:9332/static/Pool: stratum+tcp://bitcoin.web-rss-verzeichnis.de:9332 Username: Your BTC Address Password: not need this All you need is P2Pool ... da da da da da ... All you need is P2Pool ... All you need is P2Pool Pool Pool ..... P2pool is all you need....  It takes a while to get miners. |
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Exchanges being considered:
BTC-e, BTER, Okcoin, Bleutrade,C-Cex, Swisscex.
In that order.
I use Bleutrade just to exchange Trollcoin for Dogecoin, but then I move them to Bittrex. |
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I got it working. Looks like it was memchaced - the memcached application didn't automatically restart and the pool is dependent on that.
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Hello all, I've been banging my head against the wall on this one... My Mining Pool ( http://cucumberpool.us) was happily chugging away and the server rebooted. It's all back up and running, but I can't connect to my worker. It's a standard MPOS front end with a twistd back end. Is there something I'm missing? Do I have to clear a table or cache or something? |
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Who says miners are losing money? Any proof of that? Once they've bought their ASICs, electricity's cost is very low. They are making less money, that's right, but there's no sign any miner is actually losing money from its daily operation.
Very simple calculation: Electricity per month: 21'000. Coins per month: 78 Price per coin: 200 Revenue: 15600 Loss: 5400 Price per coin: 300 Revenue: 23400 Profit: 2400 So why should I accumulate a monthly loss of 5400 at the moment? And just as a reminder: The costs for the hardware and maintanance is NOT included here... You pay to much for power, or your using ancient hardware I'm thinking about putting solar panels on the house. Should reduce power costs, right? |
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Am I the only one who doesn't get how miners think they have to shut things down the moment Bitcoin becomes unprofitable? Do gold miners quit mining because they haven't found gold in a few weeks and are not making much money?
What is the point to mining but to speculate, if I dropped out of crypto everytime I made a loss then the market would go nowhere. This is capitalism, nothing in life is certain and handed to you on a silver platter. Write it off on your taxes and hold your coins and hope for next month to make up your losses and then osme.
Asic manufacture has much lower cost than average miners. But I doubt they can continue production any longer if price stay this low. It won't, I think price will rise again. BitCoin isn't going away. |
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Mining is necessary for proof of work, right?
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I do not know what and/or who is behind this misfortune for bitcoin prices but it seems that it has at least correlation with oil prices.
This is interesting, I was just thinking about this today. Seems like a lot of people invest in crypto currencies along with traditional markets such as stock, bonds, and futures. It only makes sense that when the market takes a pounding, all segments are hit. Bitcoin is no exception to this rule. The wise investor buys when everybody sells and sells when everybody buys. At least, that's my best guess. I'm going to stick with it because I love the technology. |
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LIst is good but can you all add on what port are mining pool are.
I have limited ports on work and have some serious equipment that currently no one is using and i would like to try mining something.
Well, I just opened a pool... |
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Ok, I got all the information worked out: Pool: Cucumber Pool Website: http://cucumberpool.usProxy: No Generation address: 1E5UUrcM8Pazh2s4oGeDqzyAtt32XCyBiK Coinbase signature: Payout method: PPLNS Fee: .1% Pay Tx Reward: No Vardiff: Automatic Local Work: stratum Pay Orphans: No Min Withdrawal: 1 Merge Mining: No A couple of questions: 1. You don't have a generation address? What does that mean, exactly? 2. You don't have variable difficulty at all - all work is set to 2016 regardless? My mistake in terminology... Corrections above. Thanks. Can you explain the generation address you have there? It doesn't seem to be a valid bitcoin address. Ugh... I copied the wrong string from the config file. Hahaha... Correction above. |
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Ok, I got all the information worked out: Pool: Cucumber Pool Website: http://cucumberpool.usProxy: No Generation address: G9cRNf7TGMXLeLmruUGGV2DbwMHZcvUEjVtBzhUfYN54 Coinbase signature: Payout method: PPLNS Fee: .1% Pay Tx Reward: No Vardiff: Automatic Local Work: stratum Pay Orphans: No Min Withdrawal: 1 Merge Mining: No A couple of questions: 1. You don't have a generation address? What does that mean, exactly? 2. You don't have variable difficulty at all - all work is set to 2016 regardless? My mistake in terminology... Corrections above. |
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Ok, I got all the information worked out: Pool: Cucumber Pool Website: http://cucumberpool.usProxy: No Generation address: N\A Coinbase signature: Payout method: PPLNS Fee: .1% Pay Tx Reward: No Vardiff: 2016 Local Work: stratum Pay Orphans: No Min Withdrawal: 1 Merge Mining: No |
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Want to know how to become a PPS BTC millionaire pool operator......start off with a billion BTC.  That would be pretty awesome! But, I'm not looking for a get rich thing, just something that works and is fun. I have a pretty good day job so this is just a hobby. If I can make a couple of bucks, awesome. If not, hell, it's still fun - I love working with new technology. So looks like most pools favor PPLNS. It seems like that cuts out of pocket expenses, correct? |
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The main advice I'd give is that picking PPS for the payment method is a bit risky. This means you'll be paying miners out of pocket until you find a block. You are taking the risk of variance. There's a paper around somewhere that shows a formula for computing what sort of buffer you need, in bitcoins, to run a PPS pool with a low risk of ruin (ie. running out of money to pay miners). It's large - you'll be need a few hundred thousand dollars of bitcoins if I recall correctly.
The other downside of PPS is you are open to block withholding attacks. A miner mines with you but withholds all solutions that would solve a bitcoin block. You are still paying them PPS so they lose nothing. The pool loses a lot.
Interesting... Seems like PPS isn't ideal for a new pool starting out. Would it be better to start with something else until blocks are found, then switch to PPS? |
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Stepped out to run to the store and one of the kids turned off the surge protector that my Windows box was hooked up to. Turned it back on and fired up the BitCoin release candidate. The entire block chain database needed to be re-index  |
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Downloaded the pre-built 64 version for Windows, and installed it in my Windows 7 box. Looks great, runs good so far.
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In that case, let me give you some advice  . You're in for an uphill battle. Starting a new BTC mining pool is going to be tough. New pools are met with extreme prejudice because of the number of scammers who have taken advantage of the community. I wish you luck. Yes, I thought that might be the case going in. It's ok, I have a vast amount of patience (I have three kids). |
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I have a general gist of how pools work, but yes it would be ideal to get people in there to mine. I always learn by doing, so that's the purpose of this project. But on the other hand, I'm here asking for advice from seasoned veterans to avoid getting into any kind of trouble.
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I have changed it to PPS.
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