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Author Topic: Which mining pool should I join?  (Read 1604 times)
giantjoezilla
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April 21, 2013, 04:16:27 AM
 #1

I'm sure this question has been asked before, but I need to do my time in the newbie section anyways.  Plus it might save me a lot of time.

So I used the complete guide to mine bitcoin on xubuntu 12.04 https://docs.google.com/document/d/1Gw7YPYgMgNNU42skibULbJJUx_suP_CpjSEdSi8_z9U

I got everything setup and I'm at the part where you start mining in a pool, but now I have to choose a pool.  So then I looked up Comparison of mining pools https://en.bitcoin.it/wiki/Comparison_of_mining_pools.  There is a lot of information to go through there, and at some point I'm going to read through it all, but I have other things to do right now.  Like mining, and I have LiteCoin rig to build.

So whats a decent fairly easy to use mining pool that I can join to get started?  I was thinking BitMinter since their fees are low.  I'm in the US, should I pick something closer, or does that even matter? 

What do you guys think?  Please let me know.
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giantjoezilla
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April 21, 2013, 06:24:22 AM
 #2

Is self bumping allowed?
spiralis
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April 21, 2013, 06:46:31 AM
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So whats a decent fairly easy to use mining pool that I can join to get started?  I was thinking BitMinter since their fees are low.  I'm in the US, should I pick something closer, or does that even matter?  

What do you guys think?  Please let me know.

For what my newbie opinion is worth, I started with Ozcoin using cgminer and that was OK.  I found cgminer was disconnecting (is that the word?) at least once a day, usually when I was away from the computer, so I ended up losing mining time.   I started with BitMinter a little while ago and I really like their simple, idiot proof, Java client.  I get better hash rates, as well.
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April 21, 2013, 07:02:50 AM
 #4

I started mining this month (had a stint before in bitlc and made the mistake of leaving bitcoins there, you can check the story on the site), and so far I've been mining on both Slush's and BitMinter using cgminer. Both work very well, except that Slush had a DDoS which kept the mining down for about a day, which is why I went to BitMinter. Always good to have a backup pool configured for such cases.

From my point of view the advantage of Slush's is the nice tracking: it tells you your current MHash and the rate over the past 10 rounds, so you can make sure your mining works as expected. It also tells you how long the current round has been going and you get an estimate of how far along this round is. The advantage of BitMinter is that it gives you about 10 times more namecoins (both pools mine namecoins alongside bitcoins).
giantjoezilla
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April 21, 2013, 07:48:58 PM
 #5

That's helpful.  Thank you.  I want to use cgminer so I can switch to ltc when the time comes.
skyangel
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April 21, 2013, 08:46:54 PM
 #6

Depending on your hardware, I would mine LTC and then exchange it for BTC on BTC-e.

GerMG
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April 21, 2013, 08:48:24 PM
 #7

btc guild or bitminter

You wan´t to mine bitcoins but dont have any Hardware?
https://bitcointalk.org/index.php?topic=183111.0
cpengr
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April 21, 2013, 08:50:47 PM
 #8

btc guild or bitminter
Why do you recommend them?
b14d3r11
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April 21, 2013, 08:52:04 PM
 #9

I'd personally suggest BTCguild it seems to have a decent PPS price and if your doing real well with you mining you could even go for the other pooling method they have
adomaz
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April 21, 2013, 08:55:46 PM
 #10

I would not go to BTC guild, just to stop pushing it towards monopoly, it already has a huge share.

My choices:
Slush's pool when I started BTC mining,
Now: coinotron.com for everything (beware - BTC payout minimum 0.1, which can be quite a lot if you don't have a dedicated mining system).

Why? Just because.. I didn't really read into all the payout methods..

Find my post useful? Feeling generous? Coffee for me, karma for you Smiley
BTC: 1CsSxjbRWgkSKDWn45riqNGPff7ttxzu3K     LTC: LRFv8AELrE8bXeT7rRG5Xb2Z8ktkKa5RgX
TRC: 1P9nrCcspn2bnXa4wGdGgj9zPdtGjpxVqB    PPC: PGmNYRRhT9TBR5CDtAZ6hWBAB2t6jCeDNY
giantjoezilla
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April 21, 2013, 09:46:24 PM
 #11

Depending on your hardware, I would mine LTC and then exchange it for BTC on BTC-e.

You would think that would be the way to go, but right now when I use both calculators I get the same profit for both. 

spiralis
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April 21, 2013, 10:11:48 PM
 #12

I'd personally suggest BTCguild it seems to have a decent PPS price and if your doing real well with you mining you could even go for the other pooling method they have

BTCguild guild is actively discouraging new miners these days, because of the whole 51% share thing.  You can read all about it in the mining pools forums.
jimhsu
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April 21, 2013, 10:55:20 PM
 #13

The one with the lowest fees, and doesn't have a huge proportion. (as mentioned, BTC guild is actively discouraging signing up).

"Trust, but verify."
Bitrated user: jimhsu.
nottm28
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April 21, 2013, 11:13:54 PM
 #14

I joined up with Slush's pool by default when I followed instructions from startbitcoin.com - after mining for 2 months I decided to try other pools like bitminter but ended back up with Slush - he's had his problems with DDoS recently but the guy works non_stop to keep his pool up.

And up it is. I like Slush's pool because his fees are plain and clear - 0.2% - that's it - not 0.1% if you mine but 0.25% if you want to use the API or 0.5% because we are great etc...

The guy just charges 0.2% and that's it. I wrote a simple text based java app (run from the command line - willing to share - just shout) that calls Slush's API every ~60 seconds and prints out the Pool status and your own miner status(es). The app simply 'pings' when the pool finds a block and pings more if one of your workers stops mining.

I also like the way I can see what my share is for each block found in the pool block history page - bitminter doesn't show me 'my share' for each round for example.

Plus he invented pooled mining which is a big deal imo...

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abigfish
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April 21, 2013, 11:17:23 PM
 #15

my vote goes to SLUSH's pool too ..from what i've read/reasearched ...wow this pool operator is a REALLY hard working dedicated and friendly guy who constantly tries to keep the pool working perfectly ...good active communication ...big pool ..and something about shared BTC LTC mining ...thus more rewards...
mikeynzb
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April 21, 2013, 11:22:31 PM
 #16

Join:

P2Pool
FeatherCoin is a Geek
FC Simple Pool

on: https://bitcointalk.org/index.php?topic=178286.0

Why? because featercoins are most easy to get compare to lite and bitcoin. And popularity is high.

Get some feathers

 Grin
nottm28
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April 21, 2013, 11:25:59 PM
 #17

Join:

P2Pool
FeatherCoin is a Geek
FC Simple Pool

on: https://bitcointalk.org/index.php?topic=178286.0

Why? because featercoins are most easy to get compare to lite and bitcoin. And popularity is high.

Get some feathers

 Grin

Yeah but I can convert bitcoins to cash (via the mtgox monster) where can I sell feathers?

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seocrow
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April 21, 2013, 11:28:16 PM
 #18

I've tried a few but currently recommend ltcmine.ru

Great support and very security conscious
Gleason
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April 22, 2013, 12:15:53 AM
 #19

I like Slushpools and eclipseMC.

-Brian

Find one of a kind BTC, LTC and more Cryptomemorabilia at
http://www.cryptomemorabilia.com/
giantjoezilla
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April 22, 2013, 02:18:37 AM
 #20

I ended up using Slush's pool because I couldn't get Bitminter working.  But my hash rates suck.  I got 3 HD 7850's and I'm only getting 100MH's per card.  I wonder if I need dummy plugs?
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