Bitcoin Forum
October 21, 2020, 03:18:14 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: "Casual" mining  (Read 771 times)
daagar
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 11, 2013, 04:03:12 AM
 #1

As a newbie casual miner, what type of pool works out best (ie., PPS, PPLMNOP, whatever)?

"Casual" in this case means a single GPU only running a portion of the day - not 24/7. I know pools are sensitive to hopping. I don't intend to hop, but I assume that there is no way to distinguish between someone not going 24/7 and someone hopping. Just looking for the best way to optimize the meager mining I'd be able to do.
1603293494
Hero Member
*
Offline Offline

Posts: 1603293494

View Profile Personal Message (Offline)

Ignore
1603293494
Reply with quote  #2

1603293494
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1603293494
Hero Member
*
Offline Offline

Posts: 1603293494

View Profile Personal Message (Offline)

Ignore
1603293494
Reply with quote  #2

1603293494
Report to moderator
loszhor
Sr. Member
****
Offline Offline

Activity: 369
Merit: 250


View Profile
April 11, 2013, 04:07:33 AM
 #2

I've had good experience with slush's pool.

http://mining.bitcoin.cz/

16wQCVFXYuSp4AYsBqV9Uqa2dd1V4YXvJ5
daagar
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 11, 2013, 04:10:33 AM
 #3

Note that I wasn't really asking for a _specific_ pool, but rather what _type_ of pool (based on payout scheme) based on the fact I wouldn't be mining 24/7, or with any high-powered equipment. It could be that it is a totally meaningless question, and pool payout scheme has no bearing on the fact that I'm not always in or not Smiley
StrillO2
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
April 11, 2013, 04:35:28 AM
 #4

Please share some more information about it . I am interested in this topic .
loszhor
Sr. Member
****
Offline Offline

Activity: 369
Merit: 250


View Profile
April 11, 2013, 04:42:38 AM
 #5

Well, you get what you put into it is the answer. Each pools has their pros and cons and it's really a matter of opinion and what that user is cool with. Here are some pool specs and the next one explains their business set up.

https://en.bitcoin.it/wiki/Comparison_of_mining_pools
https://en.bitcoin.it/wiki/Pooled_mining

16wQCVFXYuSp4AYsBqV9Uqa2dd1V4YXvJ5
bohanz
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
April 11, 2013, 04:49:16 AM
 #6

What's the GPU's hashrate? IMO casual mining with a single low-med end card isn't worth the hassle. In your case I think a PPS with the lowest fee should be fine
paul21
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
April 11, 2013, 05:06:45 AM
 #7

If you're a casual miner, you want the least variance, so go for PPS or PPLNS. The fee will be higher but if you are working all day for a single share it won't be very rewarding.

Two other things you need:
Low Payout Threshold
Low Payout Fees

I also recommend cgminer with intensity "d" for a computer you use normally. It will move out of the way of other applications so your desktop is usable while giving a decent hash rate.

RIP my old pools... sometimes BTC isn't life ;(
salt
Newbie
*
Offline Offline

Activity: 29
Merit: 0



View Profile
April 11, 2013, 05:59:03 AM
 #8

If you are going to be mining intermittently, PPS is probably the easiest.
stevendevlin
Newbie
*
Offline Offline

Activity: 23
Merit: 0


View Profile
April 11, 2013, 06:14:50 AM
 #9

You may want to consider Litecoin mining. It uses the Scrypt algo so it should be harder for a company to design an ASIC that can manage to hash litecoin. As a result, GPUs are more profitable.
MarKusRomanus
Legendary
*
Offline Offline

Activity: 910
Merit: 1000



View Profile
April 11, 2013, 06:20:14 AM
 #10

PPS is the way you want to go with casual mining for sure.
rezurect
Sr. Member
****
Offline Offline

Activity: 686
Merit: 250


View Profile
April 11, 2013, 06:56:01 AM
 #11

I fit a casual miner description, On PPS but, to make even 1 BTC takes aroun 1000+ 24mining days. So choose ur Coin wisely.
BTC guild has imposed higher fees for new users, 51% attack mitigation plan.
bohanz
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
April 11, 2013, 08:46:07 AM
 #12

You may want to consider Litecoin mining. It uses the Scrypt algo so it should be harder for a company to design an ASIC that can manage to hash litecoin. As a result, GPUs are more profitable.

Exactly. GPUs are more profitable mining most of the altcoins with respect to btc so it's an option for op
Grimblebee
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
April 11, 2013, 08:59:06 AM
 #13

Its also worth mentioning about the altcoins, that due to their currently low worth, it would be a poor investment for a company to fund the developement of an FPGA or an ASIC to mine them.

Should they do so anyway, they would end up as the only ones with ALOT of coins, flooding the market and decreasing their overall value anyway. Until the coin is more widely adopted it would be detrimental for someone to design specialised hardware to mine it, as the success of cryptocurrency relies on the community behind it.

As for LTC in particular, scrypt was designed to be intensive on the in-processor memory. FPGA's are not cheap anyway, and afaik FPGA's wont have enough memory on board to accommodate a processor designed for scrypt.

Having said this - i'm not completely familiar with this type of hardware, so feel free to speak up if i'm talking out my arse Cheesy
daagar
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
April 11, 2013, 11:26:13 PM
 #14

Thanks all. I do actually do LTC right now, for the reasons mentioned above. That, and I'm only doing 224Kh/s so it isn't like I'm going to make any serious money from this. I just wasn't sure if there was a reason to go with PPS over PPLS or vice-versa.
Mastergerund
Member
**
Offline Offline

Activity: 114
Merit: 10



View Profile WWW
April 11, 2013, 11:43:55 PM
 #15

I recently got into all this too, but I agree with your conclusions. Anyone with a lower hash-rate is better off doing altcoins (like LTC). As for payment, PPS seems to more fairly treat someone doing low hash-rates not 24/7.

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ ✅ PRiVCY ($PRIV) is a new PoW/PoS revolutionary privacy project ● ☞ ✅ Best privacy crypto-market! ● █▆▅▃▂
    Own Your Privacy! ─────────────────║ WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ║─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June]✅[Bounty]✈✈✈ ║───────────║ Wallet ➢ ✓ Windows  |  ✓ macOS  |  ✓ Linux
MarKusRomanus
Legendary
*
Offline Offline

Activity: 910
Merit: 1000



View Profile
April 12, 2013, 02:56:12 AM
 #16

If you can work your hashing power up to around 1200-1500 MHs you can make out well (about .1btc /day on PPS) .1 a day isnt bad when the price usd per btc is over $100..that'a $10/day --$300/month. by the way.. its back up to $130USD as i write this, so it looks promising that Bitcoin may stay around or above $100.
earthwormjim1
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 12, 2013, 03:28:00 AM
 #17

btcguild all the way
cryptofunz
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile WWW
April 12, 2013, 03:44:33 AM
 #18

btcguild all the way

all the way to 51% + and ...
aysyr
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
April 12, 2013, 03:47:37 AM
 #19

PPS is best in my opinion, especially since there's downtimes with pools occasionally, or you might want to try another coin and jump to another pool. A lot less hassle too and you know what you have instantly.

Trade at C-Cex, my favorite exchange!          Aysyr Reputation Thread
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!