Pool setup?

[dnatt93]

Hello all,

First off if I posted this in the wrong location I apologize in advance.

I am looking to setup my own mining pool system for a few rigs and some friends I came across some "How-Tos" but a majority of them are using litecoin. http://blockgen.net/setup-your-own-mining-pool/ this one for example is one I would like to use but not use litecoin. Is their anyway I can use that How To but use bitcoin instead. If anyone looking at this has a tutorial on how to set up a bitcoin pool with a web front end, or has any ideas that may help me, it would be much appreciated.

Thank you

[cr1776]

You should check out p2pool, see:

https://bitcointalk.org/index.php?topic=18313.0

[bapparabi]

Hello all,

First off if I posted this in the wrong location I apologize in advance.

I am looking to setup my own mining pool system for a few rigs and some friends I came across some "How-Tos" but a majority of them are using litecoin. http://blockgen.net/setup-your-own-mining-pool/ this one for example is one I would like to use but not use litecoin. Is their anyway I can use that How To but use bitcoin instead. If anyone looking at this has a tutorial on how to set up a bitcoin pool with a web front end, or has any ideas that may help me, it would be much appreciated.

Thank you

it also depend on what reward modle you looking for like pps , pplns etc

[jonnybravo0311]

As I replied in another very similar thread started by bapparabi, there are already a number of well-established pools available for you to point your gear to.  Setting up and running your own pool is not a trivial exercise.  It isn't a simple plug and play application where you fire it up and leave it running.  It requires that you understand how Bitcoin mining works, how pooled mining works, how the reward systems work, how to run a full node, how to run and maintain application servers and database servers and web servers, etc.

If you are willing to try a small pool (which if you are thinking about starting your own pool you most certainly are), why not point yours and your friends' miners to one?  For example, there's my pool (http://bravo-mining.com), BCMonster (http://bcmonster.com), Bitminter (http://bitminter.com), mmpool (http://mmpool.org), etc.

[kano]

Hello all,

First off if I posted this in the wrong location I apologize in advance.

I am looking to setup my own mining pool system for a few rigs and some friends I came across some "How-Tos" but a majority of them are using litecoin. http://blockgen.net/setup-your-own-mining-pool/ this one for example is one I would like to use but not use litecoin. Is their anyway I can use that How To but use bitcoin instead. If anyone looking at this has a tutorial on how to set up a bitcoin pool with a web front end, or has any ideas that may help me, it would be much appreciated.

Thank you

it also depend on what reward modle you looking for like pps , pplns etc

No one would start a new PPS pool for a few reasons, including that you need a lot of BTC to back it or the pool will have a high risk of failure and people losing their BTC, but more importantly, no one but the ignorant would be mining PPS after the halving shortly, coz any PPLNS pool paying transaction fees will have an expected reward quite a lot better than PPS or any PPS style reward.

[Dassi]

Why do you say PPNL pays more than PPS?

Can you explain the concept a bit more, thanks.

[kano]

Why do you say PPNL pays more than PPS?

Can you explain the concept a bit more, thanks.

PPS pools pay you 100%-fee which is 3% to 5%
i.e. you always get 95% to 97%

PPLNS (e.g. mine) pays you 99.1% of the total block reward which is usually around 101.4%
So removing fees and say 1% for orphans (well orphans are lower than 1% on my pool, but anyway)
You get 101.4% * 99.1% * 99% = 99.48%

Note, now with the halving in the next hour, that 101.4% becomes 102.8% so it's even higher .... (but PPS stays at 95% to 97%)

So that's the - obviously - higher expected reward on my PPLNS pool.

There is, however, a second issue.
On a PPS pool you get 95% to 97% no matter what the pool luck is. You get no more than that, ever.

... on my PPLNS pool you get whatever the current pool luck is ... ...