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Author Topic: Most profitable pool if I have 40-60 GH/s capacity?  (Read 2837 times)
manuel
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October 20, 2013, 09:42:04 AM
 #21

I am interested in this mining and can I join this bitmint what is there requirment for this mean hardware and software please if someone can guide thanks for this
Anyone can join Bitminter instantly. Theres no requirement you can join with 1mh/s too. Go to bitminter.com, select log in and choose your preferred login method. Next create a user account and click the engine start and wait for it to download. Make sure you downloaded java. It will prompt you to run it. Tick the box and run it. If you do not see your ASIC miner, look up the url to download the drivers. Next, install driver. Once finish installing, you must click the play button near the asic and fill in your account details. Happy mining!
Edit: Drivers are needed if you have a ASIC miner.

Do you have to use bitminter's client to join bintminter's pool?

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard?  Are there good pools without a fee?
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uininPeter
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October 20, 2013, 09:53:17 AM
 #22

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard?  Are there good pools without a fee?


The 1% fee is true, all biggest pools have small fee afaik.

If you want, you may try some small pools without fee, but I dont know how stable and reliable these are

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October 20, 2013, 09:54:08 AM
 #23

Do you have to use bitminter's client to join bintminter's pool?

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard?  Are there good pools without a fee?

No, you can use your choice of mining software and point it at bitminter's server.  refer to the first post of the bitminter thread in the pool section:
https://bitcointalk.org/index.php?topic=27062.0

Yes there are good pools without a fee.  look at the first post in the mining pools list thread:
https://bitcointalk.org/index.php?topic=104664.0

manuel
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October 20, 2013, 10:01:27 AM
 #24

This one looks cool: http://hhtt.1209k.com/

Do I understand correctly that there is no signup procedure - I just use a bitcoin address and a password to connect and the first time I connect that automatically creates the account?

What difficulty would be recommended for 40-60 GH/s?

Do I understand correctly that half the fees go to the minor that kept the block and half are retained by the pool and not distributed?

Any pools that distribute both the coins and the fees to the minors and don't charge any fees? 
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October 20, 2013, 11:12:01 AM
 #25

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard?  Are there good pools without a fee?


The 1% fee is true, all biggest pools have small fee afaik.

If you want, you may try some small pools without fee, but I dont know how stable and reliable these are
If you want a small pool with no fees, there are a certain amount of risk. For example, if the small pool only have a few TH, it can be very long before you even get a payout. Yes, there are a small amount of medium sized to large sized pools which have no fees. But i havent seen one with decent hashrates and no fees.

manuel
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October 20, 2013, 11:19:22 AM
 #26

What about this one? http://hhtt.1209k.com/
Leehoya
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October 20, 2013, 11:22:49 AM
 #27

What about this one? http://hhtt.1209k.com/
Its quite a good pool, go for it if you prefer but you would want to compare the pool's pros and cons before choosing a pool. https://en.bitcoin.it/wiki/Comparison_of_mining_pools Of all, Eligius stands out in the pros and have no fees. Well, if you can manage to setup all the complex stuff, go for it. If not, bitminter would too, be a good choice but with 1% fees which isnt very much.

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October 20, 2013, 11:24:47 AM
 #28

I am interested in this mining and can I join this bitmint what is there requirment for this mean hardware and software please if someone can guide thanks for this
Anyone can join Bitminter instantly. Theres no requirement you can join with 1mh/s too. Go to bitminter.com, select log in and choose your preferred login method. Next create a user account and click the engine start and wait for it to download. Make sure you downloaded java. It will prompt you to run it. Tick the box and run it. If you do not see your ASIC miner, look up the url to download the drivers. Next, install driver. Once finish installing, you must click the play button near the asic and fill in your account details. Happy mining!
Edit: Drivers are needed if you have a ASIC miner.

Do you have to use bitminter's client to join bintminter's pool?

Bitminter apparently has a 1% fee on income earned since 04.2013 - is this standard?  Are there good pools without a fee?
Not needed, you can get a CGminer and start fiddling and point it to bitminter. 1% isnt very much, its quite a standard fee as the pool operator also have to pay for the ddos protection and web hosting.

manuel
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October 20, 2013, 12:35:20 PM
 #29

Any opinion on these guys? https://deepbit.net/
neordicICE
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October 20, 2013, 12:47:08 PM
 #30

Any opinion on these guys? https://deepbit.net/

It is very small pool. You will wait days for the pool finding a block, thus your payout

http://blockchain.info/pools?timespan=4days

shows only 1 block found in 4 days by Deepbit
madmartin
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October 20, 2013, 04:18:52 PM
 #31

I recommend something like btcguild which has the largest share of the pie... 
I personally would not recommend to use the largest pool of all, because btcguild is quite close to 51% hashing power of the whole network. If someone reaches more than 51% hashing power of the network than he is able to split the network in two branches and the do several evil things.  If interested read more here  http://thegenesisblock.com/the-51-attack-what-bitcoin-can-learn-from-alt-coin-experiments/

I'm not saying btcguild would ever do that, I just want to point out that it is not necessary to give them the opportunity by adding my miners to their pool.

And: As everywhere else in real life you should not feed the rich....
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October 20, 2013, 04:25:38 PM
 #32

I recommend something like btcguild which has the largest share of the pie... 
I personally would not recommend to use the largest pool of all, because btcguild is quite close to 51% hashing power of the whole network. If someone reaches more than 51% hashing power of the network than he is able to split the network in two branches and the do several evil things.  If interested read more here  http://thegenesisblock.com/the-51-attack-what-bitcoin-can-learn-from-alt-coin-experiments/

I'm not saying btcguild would ever do that, I just want to point out that it is not necessary to give them the opportunity by adding my miners to their pool.

And: As everywhere else in real life you should not feed the rich....

Can you please summarise what can BTCguild do if they hit 51% hashing power?

manuel
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October 20, 2013, 04:33:57 PM
 #33

I recommend something like btcguild which has the largest share of the pie... 
I personally would not recommend to use the largest pool of all, because btcguild is quite close to 51% hashing power of the whole network. If someone reaches more than 51% hashing power of the network than he is able to split the network in two branches and the do several evil things.  If interested read more here  http://thegenesisblock.com/the-51-attack-what-bitcoin-can-learn-from-alt-coin-experiments/

I'm not saying btcguild would ever do that, I just want to point out that it is not necessary to give them the opportunity by adding my miners to their pool.

And: As everywhere else in real life you should not feed the rich....

Can you please summarise what can BTCguild do if they hit 51% hashing power?

They can seize control of the network.

Watch this: https://www.youtube.com/watch?v=Lx9zgZCMqXE
madmartin
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October 20, 2013, 04:34:34 PM
 #34

Can you please summarise what can BTCguild do if they hit 51% hashing power?

If you are not able to follow the link I supplied or use a search engine of your choice with the words "51% attack" then I copy+paste for your laziness:

A 51% attack can occur when a single entity has more mining power than the rest of the network combined. This causes concern because it increases the likelihood of a double spend attack and affects the difficulty of the rest of the network. A double spend attack can occur when a transaction is accepted on one chain, and the attacker creates an alternate fork where they still maintain control of the coins. They could theoretically transfer to an exchange, convert to another currency, withdraw it, then create their own fork where they still maintain control of their original coins. They would have effectively doubled their holdings in a short period of time. An additional effect is the lingering network difficulty after an attack. With a several factor increase in speed comes a corresponding increase in computational power required to discover new blocks. If the attacker then leaves the network, as they did in the case of Feathercoin, this will significantly increase the block and transaction confirmation time until the difficulty can be adjusted downward.
fractal02
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October 20, 2013, 05:02:07 PM
 #35

I love https://www.multipool.us

Both Scrypt and SHA256 coins.

Always be mining the most profitable coin !
manuel
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October 20, 2013, 05:12:33 PM
 #36

I love https://www.multipool.us

Both Scrypt and SHA256 coins.

Always be mining the most profitable coin !

Does it work with ASIC hardware?  If so which ones?
fractal02
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October 20, 2013, 05:23:39 PM
 #37

Does it work with ASIC hardware?  If so which ones?

Of course.
I mine on multipool with ASIC hardware

Pick your poison (from home-page) :



Point your miner on  stratum+tcp://pool1.us.multipool.us:8888  or  stratum+tcp://pool1.eu.multipool.us:8888 for multi SHA256 coins.
Or you can point on single mining address.

You can't mine Scrypt coins with asic (but if you mine with GPU, you always mine the most profitable coins)
manuel
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October 20, 2013, 08:13:22 PM
 #38


You can't mine Scrypt coins with asic (but if you mine with GPU, you always mine the most profitable coins)

Can you do SHA256 or any other coin with ASIC?
fractal02
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October 20, 2013, 09:02:11 PM
 #39

With Asic Hardware, you can only mine SHA256 based coins.

Here the most popular  :

Bitcoin (BTC)
PPcoin (PPC)
Terracoin (TRC)
Freicoin (FRC)
Zetacoin (ZET)
OpenSourcecoin (OSC)
ASICcoin (ASC)
Butterflycoin (BFC)
Tigercoin (TGC)

All Scrypt based coins can't be mined by Asic.

manuel
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October 21, 2013, 02:53:48 AM
 #40

With Asic Hardware, you can only mine SHA256 based coins.

Here the most popular  :

Bitcoin (BTC)
PPcoin (PPC)
Terracoin (TRC)
Freicoin (FRC)
Zetacoin (ZET)
OpenSourcecoin (OSC)
ASICcoin (ASC)
Butterflycoin (BFC)
Tigercoin (TGC)

All Scrypt based coins can't be mined by Asic.



Wow so many bitcoin ripoffs?  With so many imitators how do they have any value at all?
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