Newbie Question

[-ck]

Here you can find most profitable pool: bitcoinchain.com/pools

As far as I can see that site says absolutely nothing about profit, only plotting pool size which has absolutely no correlation with profit.

[wmabern]

Here you can find most profitable pool: bitcoinchain.com/pools

As far as I can see that site says absolutely nothing about profit, only plotting pool size which has absolutely no correlation with profit.

Here is the link for the calculator Kano recommends for his pool. It is mostly specific to the Kano pool, but may apply and be accurate for others. Good luck!

http://tradebtc.net/bitcalc.php

[torontobitcoinmanager]

Here you can find most profitable pool: bitcoinchain.com/pools

these pools are by # of blocks found and have nothing to do with profitability.
They are mostly Chinese pools so if you are mining from other countries I would not use largest by size. I am a newbie but this list does not make sense to me.

[wmabern]

Here you can find most profitable pool: bitcoinchain.com/pools

these pools are by # of blocks found and have nothing to do with profitability.
They are mostly Chinese pools so if you are mining from other countries I would not use largest by size. I am a newbie but this list does not make sense to me.

Just because a pool finds the most blocks doesn't mean it is the most profitable pool. There are many other factors that go into determining what pool is the most profitable for individual miners.
My research shows that the Kano/CK pool is the most profitable for it's members.

Do your own research.
Good luck and best wishes!

[-ck]

Here you can find most profitable pool: bitcoinchain.com/pools

these pools are by # of blocks found and have nothing to do with profitability.
They are mostly Chinese pools so if you are mining from other countries I would not use largest by size. I am a newbie but this list does not make sense to me.

Just because a pool finds the most blocks doesn't mean it is the most profitable pool. There are many other factors that go into determining what pool is the most profitable for individual miners.
My research shows that the Kano/CK pool is the most profitable for it's members.

Do your own research.
Good luck and best wishes!

Ah I think he means how much profit THE POOL IS MAKING which has absolutely nothing to do with the profit THE MINERS ARE MAKING.

[wmabern]

Here you can find most profitable pool: bitcoinchain.com/pools

these pools are by # of blocks found and have nothing to do with profitability.
They are mostly Chinese pools so if you are mining from other countries I would not use largest by size. I am a newbie but this list does not make sense to me.

Just because a pool finds the most blocks doesn't mean it is the most profitable pool. There are many other factors that go into determining what pool is the most profitable for individual miners.
My research shows that the Kano/CK pool is the most profitable for it's members.

Do your own research.
Good luck and best wishes!

Ah I think he means how much profit THE POOL IS MAKING which has absolutely nothing to do with the profit THE MINERS ARE MAKING.

AH.... That's a different kettle of fish. Most likely the Chinese pools that keep the transaction fees (that should go to the miners) are raking in the most cash.

[jonnybravo0311]

Of course they are.  If you look at AntPool... they've solved 26 blocks in the past 24 hours.  At 3% fees, that's 9.75BTC they've made that should have gone to miners.  If we expand that out to the past month, Ant has solved 794 blocks.  297.75BTC kept by the pool.  Take away some of that because of their empty blocks... but still.  Not a bad payday ($220,335 for a month's hashing with BTC at $740).