Mining Pools?

[minernot]

I'm sure there's a sticky on this somewhere, but I'll ask the question as a newb anyway and maybe a helpful sr. member can link me in the right direction.

Is there a best pool or a way to select a best pool for my mining efforts?

Due to the decentralized nature of BitCoin mining, should we support large pools or form smaller pools?

I know that larger pools provide less reward, but they reward more often while smaller pools hit pay-dirt seldom but you get a larger chunk of the reward. Supposedly it all evens out in the end, but that seems like an easy answer and thus a cop-out.

Looking forward to learning great things from everyone, maybe even contributing some day.

[cokirix]

its way better to mine with a pool, you'll make more coins than alone. The only way solo mining is better, you need to have alot of hashpower, few mh/s .
ive just start a pool, you can start there its very stable and low tax rate, www.Quebec-Pool.com
many coins to mine, some more profitable than others.

[minernot]

What do you mean "many coins to mine"? Are you talking about litecoin and other cryptocurrencies?

[cokirix]

yes, almost 10 cryptocurrency on the website, with litecoin.
200 to 1000% more profitable than bitcoin with CPU/GPU

[bitfood]

support a small pool

[satostein]

Having a lot of smaller pools is better. Large pools become the targets of DDOS and when they go down the whole coin network takes a significant hit.

[infinitybo]

@OP yes there is some stickies since the "mining" section, take a look at this section.

[dontpanic13]

You could always check out a multipool as well... will switch to the most profitable coin automatically.

Multipool.us
hashcows (mines altcoins but exchanges and pays you in bitcoins)
middlecoin.com (mines altcoins but exchanges and pays you in bitcoins)

[kopam]

Is there somewhere something like a guide for pool mining ?
I am kinda new to the mining, with a lot of help i have 2 rig's ready that will be mining at about 6mH/s ( 8 280 GPU's ). But i am still not sure what is the best way to mine.
I am talking both about litecoin and alt coins. I think i will be mining LTC with half of the GPU's and let the other half mine alt coins.
Also can some one point me out to the best places to keep a look at the alt coins ? I guess the alt coin section in this forum is a great place but are there also other places to keep track ?
About the pool's, what to look when trying to pick the right pool ? How can we know its somewhat safe ? What is considered to be a decent fee % ? I guess the best option is to get what you mine and not get LTC/BTC instead of what you mine ( for me it makes no sense since if i wanna buy alt coins i want to mine them, keep track on the coin and wait until it goes bigger, but still ... if i am wrong please tell me )
Well i will be really thankful if some one can help me out in the start

Happy xmas to all and have some great holidays !

[cokirix]

hey kopam, to see the most profitable coin, visite those two website
coinchoose.com  coinwarz.com

mine the more profitable and keep ur coins few weeks before selling thems, you will make more money that way
www.quebec-pool.com will give free bonus coins for the blockfinder, you should join us!

[minernot]

I'm not so sure about LTC being more profitable than BTC. Seems like they're running neck and neck, though I have to admit, LTC mining rigs might have higher resale value when they become inefficient at mining. Who's going to buy a defunct BTC mining rig? hehehe.

I'm still having cold feet about this. It seems like the available hardware (BTC or LTC) takes about 2 months it pay for itself, assuming currency value doesn't drop or difficulty climbs too high. The BFL Monarch and the AMT 1200 were the devices that made me think this crazy thing could work. Now it looks like AMT might be a scam and BFL is months away from cranking out a 500 GH/s monarch.

Am I missing something about cryptocurrency mining that will make it worthwhile in the long run? Is it just about slowly ramping up your rig count until you are hashing with the big boys and turning some bigger profits by sheer volume?

[MagicStyle]

hi, im fairly new to cryptocurrencies but i mannaged to buy some BTC so far, but i was thinking to start mining for some alt coins, as i missed the mining for btc..

well, my main question is, i have an i5 intel lap top, is there any coin you recommend me to pool mine? or wouldnt see any results with my hardware?
if thats so i have my eyes on a 24 processor server, would that run nice or my i5 should do fine with any specific alt coin?  any experiences?

thanks and glad i joind this community

[minernot]

Check this out

http://coinchoose.com/

And a bump to my last post. Is there a light at the end of the tunnel? Is it worth it to start mining? BTC or even altcoins?

[MagicStyle]

Check this out

http://coinchoose.com/

And a bump to my last post. Is there a light at the end of the tunnel? Is it worth it to start mining? BTC or even altcoins?

thanks im checking on this now

[infinitybo]

@Magicstyle yes your i5 should do fine with any specific alternative cryptocurrencies and by the way thinking about to start mining is a nice thinking.

[TheCleanGame]

So what's the fairest scrypt->bitcoin pool?

[chrissibel]

i like give-me-coins.

[dfs1220]

its way better to mine with a pool, you'll make more coins than alone. The only way solo mining is better, you need to have alot of hashpower, few mh/s .
ive just start a pool, you can start there its very stable and low tax rate, www.Quebec-Pool.com
many coins to mine, some more profitable than others.

I really like the coin selection on this pool. I was looking for a way to mine EMD, MEM and LKY along side one another. Are you accepting getblocktemplate or stratumMP? And why run it in an iframe? Thanks Cokirix

[charles99]

it's a must if you want to mine bitcoins and nowadays also alt coins.  can't get by without one.

[synace]

I started with eligius due to not needing to register. I setup a failover with cgminer to use ghash.io as a backup if eligius went down, which I expect it wouldn't. I wasn't able to get p2pool working.

I like eligius because I earn consistently. I do have to wait until .045 BTC for a payout, however.

I'm still mining BTC because of value.

Check out coinwarz and enter your hash rate to determine best options for mining.