Group mining the Same pool.

[ThunderCatSteve]

Nevermind lol. @.@ Dumb idea.

[aurel57]

So i'm not sure if this is the right forum sub-topic or whatever,
But how profitable would it be for a group of people, each with 1 or 2 miners, using the same pool account, and splitting the profits?

And where might i find such people who would want to " combine forces "


currently i have 2 antminer u3's doing 110gh/s in my current pool. ( in my current pool im getting About 140-160k shares per block found. )
I'm hoping to find someone who would be interested in this. We'd share access to the account, and share a mutual wallet.

I'm only interested in doing this with TRUSTED members.


If you are interested, or know where i might find people who are. Please let me know

Time is money, and money is bitcoin.

Why would you want to do this?

[ThunderCatSteve]

Well the way i look at it...

With limited gh/s You can only stand to make so many shares of a block...Which is very underwhelming,

But with a group of people, using the same workers to mine; We'd get an increased amount of shares per block and actually make more bitcoin together, than we would solo.
At least with the current BTCGUILD pool im in; that's how it would work.

There would be shared access to everything.

Yes, dividing up the shares evenly may seem a bit unfair, especially if you are putting out more hashes than someone else.

It's just an idea i guess.

[aurel57]

If you make $1 dollar by yourself or $10 dollars with 9 others, after you split it 10 ways you will still have $1

[ThunderCatSteve]

Yea, that's kind of the point. Equal shares.

[AmDD]

I dont think you understand. What you describe is what is already happening in a pool.

[ThunderCatSteve]

No. in a pool, You as one individual are pitting your Hashrates against thousands of other miners... in hopes of profiting on your shares of a block.... What im proposing 1 group, joins 1 pool, and splits profits.

[aurel57]

No. in a pool, You as one individual are pitting your Hashrates against thousands of other miners... in hopes of profiting on your shares of a block.... What im proposing 1 group, joins 1 pool, and splits profits.

You are wrong....unless your referring to solo mining? In pools other than solo your getting paid for your shares of working together with the other miners in that pool. What your proposing is what pool mining is all about and why Slush started the first pool. But to join a pool as a group will serve no purpose in receiving a higher percentage per hash.

[gallag]

Holy shit, that's some fucking stupid ass shit right there, dude, that's fucking retarded. A pool in a motherfucking pool, fucking inception shit right there!  How about we get a load of motherfuckers together and join force's on a pool and get that pool to join lots of other pools and then go mighty fucking morphin super bitcoin robot and win all the fucking hash, boy you be smoking hash to come out with that shit!!!!! Now you go stand in the fucking corner and think about what you have done.

[ThunderCatSteve]

omfg i died laughing. I was pretty baked when i wrote the initial idea. @.@ Oh well, Back to crypsty to exchange altcoins for BTC~

SEACREST OUT! *MIC DROP*

[Mikestang]

If you make $1 dollar by yourself or $10 dollars with 9 others, after you split it 10 ways you will still have $1

This.

You're not improving anything with what you've proposed to do.

I am curious to hear that you have more than one U3 working at the same time on the same computer, I could never get more than 1 to work at once.

[ThunderCatSteve]

Cloud mining bruh. Rented 2 antminers for 2 weeks to test out mining.

So far Currency exchanges are more profitable. 

[ilovecoinZ]

Yeah I dont see the point in this, pools are all ready a combination of power from different users paid out in general on a PPLNS basis, so whats the point in forming another group, you alone would still receive the same amount either on your own or in a group

[aurel57]

Yeah I dont see the point in this, pools are all ready a combination of power from different users paid out in general on a PPLNS basis, so whats the point in forming another group, you alone would still receive the same amount either on your own or in a group

I just don't think he understood it at first.

[Mikestang]

Cloud mining bruh. Rented 2 antminers for 2 weeks to test out mining.

So far Currency exchanges are more profitable. 

Gotcha.  Well if you want to try your own U3 I would sell one of mine. 

[aurel57]

Cloud mining bruh. Rented 2 antminers for 2 weeks to test out mining.

So far Currency exchanges are more profitable. 

Gotcha.  Well if you want to try your own U3 I would sell one of mine. 

Or I will sell a S5 as I just listed one on EBay...time to start selling equipment before summer gets here.